2024-08-12T11:11:27-05:00 2023-12-31 111986323 MARCUM LLP 1899 L STREET NW SUITE 850 WASHINGTON DC 20036 990 2023-01-01 521339888 NATIONAL HYDROPOWER ASSOCIATION INC NATI 2026821700 200 MASSACHUSETTS AVE NW 320 WASHINGTON DC 20001 MALCOLM WOOLF PRESIDENT AND CEO 2026821700 2024-08-09 1 0 FRANK H SMITH P00639053 2022274000 2024-08-09 2023 2024-08-08 14:25:15Z MALCOLM WOOLF 200 MASSACHUSETTS AVE NW 320 WASHINGTON DC 20001 8582094 0 X WWW.HYDRO.ORG X 1983 DC TO CHAMPION WATER POWER AS A CLEAN, SUSTAINABLE ENERGY RESOURCE. 24 24 21 29 10772 6369 0 0 6308908 6935014 102288 107202 28749 24973 6439945 7067189 0 0 0 0 2101962 2528386 0 0 0 4076256 4124571 6178218 6652957 261727 414232 4617423 4531218 2380696 1845297 2236727 2685921 X CHAMPION WATER POWER AS AMERICA'S PREMIER CARBON-FREE RENEWABLE ENERGY RESOURCE. INFORM PUBLIC POLICY TO PROTECT, ENHANCE AND EXPAND WATER POWER WITHIN THE U.S. ELECTRIC SYSTEM. SHARE TECHNOLOGICAL ADVANCEMENT AND ENCOURAGE OPERATIONAL EXCELLENCE AMONG OUR MEMBERS.HYDROPOWER, AMERICA'S FIRST RENEWABLE ENERGY RESOURCE, PROVIDES POWER TO APPROXIMATELY 30 MILLION AMERICANS. WATER POWER IN ALL ITS FORMS (INCLUDING HYDROPOWER, PUMPED STORAGE, AND MARINE ENERGY) PROVIDES OVER 100 GW OF RELIABLE, FLEXIBLE, CARBON-FREE ELECTRICITY. AN ADDITIONAL 50 GWS OF GENERATION IS POSSIBLE - LARGELY USING EXISTING INFRASTRUCTURE - THROUGH UPGRADES, NEW GENERATION AT EXISTING NON-POWERED DAMS, AND NEW CLOSED-LOOP PUMPED STORAGE. IN 2023, NHA MADE SIGNIFICANT PROGRESS IN ENHANCING NHA'S VALUE PROPOSITION IN 3 AREAS AS DESCRIBED IN PART III. 0 0 1960913 FACILITATING INDUSTRY CONNECTIONS- HOSTING THE WATER POWER WEEK IN WASHINGTON POLICY CONFERENCE TO CONNECT THE INDUSTRY WITH KEY LEGISLATIVE AND REGULATORY POLICY LEADERS - CONVENING CLEAN CURRENTS AS THE INDUSTRY'S ANNUAL TRADE SHOW AND CONFERENCE - HOSTING 4 REGIONAL MEETINGS 1777487 PROMOTING POLICY IMPROVEMENTSNHA CONTINUED ITS EFFORTS TO CHAMPION ALL FORMS OF WATER POWER (INCLUDING TRADITIONAL HYDROPOWER, PUMPED STORAGE AND MARINE ENERGY) AS AMERICA'S PREMIER CARBON-FREE, FLEXIBLE, RENEWABLE ENERGY RESOURCE. NHA'S POLICY ADVOCACY ACCOMPLISHMENTS IN 2023 INCLUDE:- SECURING MILLION OF DOLLARS IN FEDERAL SUPPORT FOR THE WATERPOWER INDUSTRY THROUGH THE HYDROPOWER PRODUCTION INCENTIVES PROGRAM UNDER THE BIPARTISAN INFRASTRUCTURE LAW- SUCCESSFULLY INCORPORATING INDUSRY'S PRIORITIES IN TREASURY'S IMPLEMENTATION OF THE INFLATION REDUCTION ACT- ADVANCING LEGISLATIVE TAX PROVISIONS TO PRESERVE AND ENHANCE EXISTING HYDROPOWER DEVELOPMENT AND PUMPED STORAGE.- CONTINUING TO COLLABORATE WITH THE RIVER COMMUNITY, TRIBES, AND DAM SAFETY ADVOCATES THROUGH THE STANFORD "UNCOMMON DIALOGUE" PROCESS TO WORK TOGETHER TO ENHANCE HYDROPOWER AS AN ESSENTIAL PART OF A CLIMATE SOLUTION, WHILE ALSO ACCELERATING RIVER RESTORATION EFFORTS.- OBTAINING RECORD APPROPRIATIONS FOR DOE'S WATER POWER TECHNOLOGY OFFICE. 1625085 PROVIDING TECHNICAL INSIGHTS AND PUBLIC AFFAIRSPROVIDING TECHNICAL INSIGHTS AND PUBLIC AFFAIRS - TO PROVIDE MEMBERS INSIGHTS ABOUT TIMELY POLICY AND INDUSTRY DEVELOPMENTS, NHA'S TECHNICAL COMMITTEES MET REGULARLY THROUGHOUT THE YEAR, FACILITATED BEST PRACTICE EXCHANGES, AND HOSTED INFORMATIVE WEBINARS AND OTHER TRAINING SESSIONS. NHA TECHNICAL COMMITTEES INCLUDED THE HYDRAULIC POWER COMMITTEE (INCLUDING ITS OPERATIONAL EXCELLENCE PROGRAM AND DAM SAFETY SUBCOMMITTEE), THE MARINE ENERGY COMMITTEE, THE MARKETS COMMITTEE, THE SMALL HYDROPOWER COMMITTEE, THE WATERPOWER INNOVATION COUNCIL, AND THE CEO COUNCIL. NHA ALSO ACTED AS BOTH A VEHICLE FOR CONVEYING THE INDUSTRY'S MESSAGES TO KEY AUDIENCES AND AS A NATIONAL CLEARINGHOUSE FOR INFORMATION ABOUT HYDROPOWER AND RELATED ENERGY ISSUES. IN CONSULTATION WITH THE PUBLIC AFFAIRS COMMITTEE, NHA WORKED TO PROVIDE THE INDUSTRY'S PERSPECTIVE AND SHAPE NATIONAL AND REGIONAL PRESS; AND PARTNERED WITH VARIOUS ORGANIZATIONS TO PUBLICIZE NATIONAL HYDROPOWER DAY.NHA ALSO EXPANDED ITS DIGITAL AD CAMPAIGN AIMED AT EDUCATING YOUNGER AMERICANS ABOUT THE BENEFITS OF HYDROPOWER. 198792 MEMBERSHIP - NHA'S MEMBERSHIP GREW TO RECORD LEVELS. EQUALLY IMPORTANT, MEMBERSHIP ENGAGEMENT YEAR OVER YEAR IS AT AN ALL-TIME HIGH. 198792 5562277 0 0 0 1 0 0 0 0 0 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 32 0 1 21 1 1 1 0 0 0 0 0 0 0 X 24 24 0 0 0 0 1 1 0 1 1 0 0 0 1 1 1 1 1 1 0 0 X MALCOLM WOOLF 2026821700 200 MASSACHUSETTS AVE NW 320 WASHINGTON DC 20001 JAY ANDERS PAST CHAIR 2.00 X X 0 0 0 MIKE HAYNES CHAIR 2.00 X X 0 0 0 SHARON WHITE SECRETARY 2.00 X X 0 0 0 THOMAS ST JOHN TREASURER 2.00 X X 0 0 0 CARL ATKINSON DIRECTOR 2.00 X 0 0 0 SUZANNE BIDDLE DIRECTOR 2.00 X 0 0 0 ERIC VAN DEUREN DIRECTOR 2.00 X 0 0 0 SUZANNE GRASSELL DIRECTOR 2.00 X 0 0 0 SCOTT HENNESSEY DIRECTOR 2.00 X 0 0 0 RANDY HERIN DIRECTOR 2.00 X 0 0 0 SARAH KULPA DIRECTOR 2.00 X 0 0 0 JEFFREY LEAHEY DIRECTOR 2.00 X 0 0 0 JOEL LEDSEMA DIRECTOR 2.00 X 0 0 0 CHRIS MATTSON DIRECTOR 2.00 X 0 0 0 ALAN MICHAELS DIRECTOR 2.00 X 0 0 0 MEGAN NESBITT DIRECTOR 2.00 X 0 0 0 CHRIS ROUSSEAU DIRECTOR 2.00 X 0 0 0 ROMAIN PELLEGRINO DIRECTOR 2.00 X 0 0 0 CHARLES SENSIBA DIRECTOR 2.00 X 0 0 0 PAMELA SULLIVAN DIRECTOR 2.00 X 0 0 0 MARY GAIL SULLIVAN DIRECTOR 2.00 X 0 0 0 JUSTIN TRUDELL DIRECTOR 2.00 X 0 0 0 HEIDI WAHTO DIRECTOR 2.00 X 0 0 0 RICH WALLEN DIRECTOR 2.00 X 0 0 0 MALCOLM WOOLF PRESIDENT AND CEO 40.00 X 485952 0 44195 JAMES H HANCOCK JR GENERAL COUNSEL 2.00 X 0 0 0 MARLA J BARNES VP MEMBER/INDUSTRY ENGAGEMENTS 40.00 X 182552 0 38692 MICHAEL D PURDIE DIRETOR OF REG. AFFAIRS AND MARKETS 40.00 X 162988 0 34630 FRANCHESCA L BLANCO DIRECTOR OF MEETINGS AND EVENTS 40.00 X 141341 0 23800 JOSEPH LOSASSO DIR OF CORP PARTN. & SR. MNGR. OF INDUSTRY ENG. 40.00 X 116579 0 26630 KIMBERLY COSTNER DIRECTOR OF OPERATIONS 40.00 X 106259 0 27754 1195671 0 195701 6 0 1 0 BULLY PULPIT INTERACTIVE 1445 NEW YORK AVE NW 5TH FLOOR WASHINGTON DC 20005 COMMUNICATIONS CONSULTANT 623000 BRIGHT AV 15181 SPRINGDALE ST HUNTINGTON BEACH CA 92649 EVENTS CONSULTANT 299240 TROUTMAN PEPPER HAMILTON SANDERS LLP 600 PEACHTREE STREET STE 300 ATLANTA GA 30308 LEGAL CONSULTING 277818 DAVID JAMES GROUP 1 TRANS AM PLAZA DRIVE 300 OAKBROOK TERRACE IL 60181 MARKETING CONSULTANT 227554 SB EXPOS AND EVENTS 6704 MALLARD RD BALTIMORE MD 21220 EVENTS CONSULTANT 200017 9 MEMBERSHIP DUES 900099 3561038 3561038 CONFERENCE REVENUE 900099 2407448 1074383 1333065 SPONSORSHIPS & CONTR. 900099 966528 966528 6935014 118118 118118 1503989 1514905 -10916 -10916 -10916 SUBLEASE 900099 12000 12000 JOB BOARD 513140 10772 10772 MISCELLANEOUS 900099 2201 2201 24973 7067189 4635421 10772 2420996 X 530147 1641862 56676 138826 160875 144107 176544 1087202 680814 125480 102237 126572 118203 1140362 80 26548 15050 UBI TAXES 440 CEO PROGRAM FUND 231170 MEMBERSHIP DUES 83596 PUBLICATIONS AND SUBS. 38681 27485 6652957 764519 114065 605347 105062 23904 196217 54132 123669 370014 329500 48109 40514 584128 624881 1533169 2424428 1004115 902382 4617423 4531218 402970 309031 986745 468230 990981 1068036 2380696 1845297 X 2211727 2685921 25000 0 2236727 2685921 4617423 4531218 414232 34962 0 X 0 1 X 1 0 0 0 1 3561038 210098 -682327 -472229 534156 -1006385 108255 78945 29310 261759 250555 11204 40514 CERTIFICATES OF DEPOSIT 2419106 F GOVERNMENT BONDS 5322 C 2424428 DEPOSITS 25257 RIGHT OF USE ASSET OPERATING 877125 902382 DEFERRED RENT AND LEASE INCENTIVE 1021895 DEFERRED COMPENSATION LIABILITY 46141 1068036 X 7127151 34962 25000 59962 7067189 0 7067189 6677957 25000 25000 6652957 0 6652957 PART X, LINE 2: FOR THE YEARS ENDED DECEMBER 31, 2023, MANAGEMENT DID NOT IDENTIFY ANY UNCERTAINTY IN INCOME TAXES REQUIRING RECOGNITION OR DISCLOSURE IN THESE FINANCIAL STATEMENTS. X X X 0 0 0 MALCOLM WOOLF PRESIDENT AND CEO 412636 0 73316 0 0 0 42300 0 1895 0 530147 0 0 0 MARLA J BARNES VP MEMBER/INDUSTRY ENGAGEMENTS 162552 0 20000 0 0 0 11502 0 27190 0 221244 0 0 0 MICHAEL D PURDIE DIRETOR OF REG. AFFAIRS AND MARKETS 146988 0 16000 0 0 0 9614 0 25016 0 197618 0 0 0 FRANCHESCA L BLANCO DIRECTOR OF MEETINGS AND EVENTS 126341 0 15000 0 0 0 8811 0 14989 0 165141 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 NHA'S MEMBERSHIP CONSISTS OF MORE THAN 350 ORGANIZATIONS INCLUDING PUBLIC UTILITIES, INVESTOR OWNED UTILITIES, INDEPENDENT POWER PRODUCERS, EQUIPMENT MANUFACTURERS, ENVIRONMENTAL ENGINEERING CONSULTANTS AND ATTORNEYS SPANNING THE BREADTH OF THE CONVENTIONAL INDUSTRY AND NEW EMERGING WATERPOWER TECHNOLOGIES. FORM 990, PART VI, SECTION A, LINE 7A THE ELECTION OF OFFICERS SHALL TAKE PLACE AT THE WINTER BOARD OF DIRECTORS MEETING. A MAJORITY VOTE OF A QUORUM OF THE DIRECTORS PRESENT SHALL CONSTITUTE AN ELECTION. FORM 990, PART VI, SECTION B, LINE 11B NHA'S DRAFT FEDERAL FORM 990 IS REVIEWED BY THE PRESIDENT AND CEO WITH CONCURRENCE OF THE ELECTED TREASURER PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C NHA HAS A CONFLICT OF INTEREST POLICY WHICH ALL BOARD MEMBERS ARE SUBJECT TO. ALL BOARD MEMBERS OF NHA ARE NOTIFIED OF THE CONFLICT OF INTEREST POLICY AT TIME OF THEIR ELECTION AND THEY ARE REQUIRED TO CONFIRM AGREEMENT WITH THE TERMS ON AN ANNUAL BASIS. ESSENTIALLY, IT REQUIRES THAT SHOULD A CONFLICT OF INTEREST ARISE WITH ANY MEMBER OF THE BOARD OF DIRECTORS, THAT MEMBER IS REQUIRED TO DISCLOSE IT TO THE FULL BOARD OF DIRECTORS FOR TOTAL TRANSPARENCY. THE POLICY IS LIMITED TO FULL DISCLOSE, NOT WHAT ACTION MUST BE TAKEN IN CONSIDERING THE CONFLICT. THE BOARD OF DIRECTORS HAS THE OPTION AT THAT POINT TO ACT AS IT SEES FIT TO EITHER LAY CONDITIONS ON THE ACTION, OR CONTINUE AS THE CONFLICT HAS BEEN FULLY VETTED IN DISCUSSION, OR DENY THE ACTION BEING REQUESTED THAT LED TO THE CONFLICT. FORM 990, PART VI, SECTION B, LINE 15A COMPENSATION FOR NHA'S PRESIDENT AND CEO IS BASED ON PERFORMANCE REVIEW WHICH IS CONDUCTED BY THE ELECTED CHAIRMAN OF THE BOARD WITH THE CONCURRENCE OF THE EXECUTIVE COMMITTEE AND THEN REPORTED TO THE BOARD OF DIRECTORS FOR INPUT AND CONCURRENCE. A COMPENSATION COMMITTEE PERIODICALLY EVALUATES THE SALARY AND BENEFITS PLAN TO DETERMINE ITS COMPETITIVENESS WITH COMPARABLE POSITIONS WITHIN THE REGION. FORM 990, PART VI, SECTION C, LINE 19 NHA MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G CONSULTING FEES 1,051,901. PAYROLL PROCESSING 8,150. OUTSIDE SERVICES 26,315. PUBLIC AFFAIRS CAMPAIGN 836.