2022-03-23T07:14:36-05:00 2021-06-30 450250958 Eide Bailly LLP 800 Nicollet Mall Ste 1300 Minneapolis MN 554027033 990 2020-07-01 363842479 Energy & Environmental Research Center Foundation ENER 7017775000 15 N 23rd St Stop 9017 Grand Forks ND 582029017 Charles Gorecki President and CEO 7017775000 2022-01-25 1 Charles Gorecki 999009999 Deb Nelson CPA P01264758 6122536500 2022-01-25 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z EERC Charles Gorecki 15 N 23rd St Stop 9017 Grand Forks ND 582029017 298963 0 X www.eercfoundation.org X 1992 ND Advancing University of North Dakota EERC technology to the marketplace. 9 9 0 12 0 0 20000 70000 0 0 27237 118148 0 0 47237 188148 35036 30902 0 0 0 0 0 0 0 196926 172854 231962 203756 -184725 -15608 3121481 4366303 25904 18189 3095577 4348114 X To promote, encourage, and foster the education and training services, scientific investigations, technology development, technology commercialization, and other related services of UND's Energy & Environmental Research Center, Grand Forks, North Dakota. 0 0 100763 30902 The EERC Foundation provides a dedicated infrastructure to support commercialization activities and houses the rights to technologies developed by the EERC. Through two decades of experience meeting a wide variety of unique client needs,the EERC Foundation has developed highly flexible and innovative approaches to a variety of business arrangements. These include tailored licensing and equity agreements that support the client's achieving a competitive edge. (Continued on Schedule O)The EERC and its partner, the EERC Foundation, are committed to commercialization. Spin-off businesses and high-tech and manufacturing jobs that pay well are some of the many fruits of successful commercialization efforts. The potential benefits of effective commercialization of EERC-developed technologies are enormous. Commercialization also secures work at the EERC through development contracts as well as by providing funding to assist in the development of commercially viable technology. The EERC Foundation investing cash in the EERC creates a virtuous cycle of economic growth. Equally important is the EERC Foundation's role in providing incentives for innovative work at the EERC. Under the State Board of Higher Education policy, inventors in a commercialized technology receive at least 30% of the net commercialization income. In essence, the EERC Foundation supports the EERC market-driven business model of a timely and seamless transition between the creation of the technology and its commercialization that leads to economic development. The EERC Foundation acts as the EERC's "commercialization catalyst." As of fiscal yearend June 30, 2021, the EERC Foundation has 13 active, issued US patents and 9 patents pending. 100763 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 1 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 0 0 0 0 1 4 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 X Erin O'Leary 7017775000 15 N 23rd St Stop 9017 Grand Forks ND 582029017 X Ron Ness President 1.00 X X 0 0 0 David Straley Vice President 1.00 X X 0 0 0 Josh Klug Secretary/Treasurer 1.00 X X 0 0 0 Shannon Angielski Member 0.50 X 0 0 0 Jeff Hume Member 0.50 X 0 0 0 Robert McLennan Member 0.50 X 0 0 0 Chuck McConnell Member 0.50 X 0 0 0 Deanna Carlson Zink Member 0.50 X 0 0 0 Mike Nasi Member 0.50 X 0 0 0 0 0 0 0 0 0 0 0 70000 70000 28963 28963 200000 110815 89185 89185 89185 188148 0 0 118148 X 30902 30902 4335 4335 11275 11275 82195 82195 36 36 805 805 69101 69101 4347 4347 Inventor Allocation 20 20 740 740 203756 100763 102993 0 66635 34156 106 94151 94151 1699446 1797019 302385 1379829 958758 1061148 3121481 4366303 25904 18189 25904 18189 X 3095577 4348114 3095577 4348114 3121481 4366303 -15608 1268145 0 X 0 1 X 0 0 X 1075906 120554 45000 20000 70000 1331460 1075906 120554 45000 20000 70000 1331460 157876 1173584 26565 37086 37230 28963 129844 1461304 24556 0.80310 0.88690 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 Program Related Investments 1379829 F 1379829 X 1445018 1268145 1268145 176873 11275 11275 188148 192481 0 192481 11275 11275 203756 Part X, Line 2: The Foundation believes that it has appropriate support for any tax position taken affecting its annual filing requirements, and as such, does not have any uncertain tax positions that are material to the financial statements. The Foundation would recognize future accrued interest and penalties related to unrecognized tax benefits and liabilities in income tax expense if such interest and penalties are incurred. 1 UND Energy & Environmental Research Center 15 North 23rd Street Stop 9018 Grand Forks ND 582029018 466002491 UND 30902 IP Commercialization 1 0 Part I, Line 2: The allocation is to the University of North Dakota Energy & Environmental Research Center (EERC). This is the single allocation made by this Foundation. The EERC reports on commercialization efforts at each Foundation board meeting. Form 990, Part VI, Section A, line 1 The duly elected officers of the organization who are members of the Board of Directors of the Organization constitute the Executive Committee and are able to conduct business on behalf of the Board of Directors when appropriate. Form 990, Part VI, Section B, line 11b The Form 990 is reviewed by the Treasurer and presented to the Board at the spring board meeting. Form 990, Part VI, Section B, line 12c An interested person is required to disclose a conflict of interest. The Executive Committee determines if a conflict exists and develops an appropriate mitigation plan. Individuals with conflicts will recuse themselves from voting on issues on which they have a conflict. Form 990, Part VI, Section C, line 19 Financial statements are publicly disclosed through the North Dakota University System. Governing policy and COI documents are not publicly distributed unless requested. Per the Foundation relationship agreement with the University of North Dakota, portions of these would be publicly available. Form 990, Part IX, line 11g Consulting Fees: Program service expenses 0. Management and general expenses 82,195. Fundraising expenses 0. Total expenses 82,195. Fdtn Holding Agrebon LLC 15 N 23rd St Stop 9017 Grand Forks ND 582029017 383915003 Holding Company ND 0 114 EERC Foundation