2022-04-18T10:30:19-05:00 2021-12-31 410746749 CLIFTONLARSONALLEN LLP 220 S 6TH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2021-01-01 263251122 MIDWEST RENEWABLE ENERGY TRACKING SYSTEM INC MIDW 6517893338 60 SOUTH 6TH STREET 2800 MINNEAPOLIS MN 55402 BEN GERBER PRESIDENT AND CEO 6517893338 2022-04-15 1 BEN GERBER 999009999 DEIRDRE HODGSON P01484710 6123764500 2022-04-15 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z M-RETS BEN GERBER 60 SOUTH 6TH STREET 2800 MINNEAPOLIS MN 55402 2339701 0 X WWW.MRETS.ORG X 2008 WI SEE SCHEDULE O 9 9 8 13 0 0 0 0 1861426 2328029 15228 11672 0 0 1876654 2339701 0 0 0 0 845587 786826 0 0 0 848899 962768 1694486 1749594 182168 590107 2426480 3181689 193109 358211 2233371 2823478 M-RETS VALIDATES THE ENVIRONMENTAL ATTRIBUTES OF ENERGY TO SERVE AS A TRUSTED CENTRALIZED GATEWAY TO ENVIRONMENTAL MARKETS. 0 0 1366651 2328029 THE MIDWEST RENEWABLE ENERGY TRACKING SYSTEM (M-RETS) IS A NON-PROFIT 501 C (4) ORGANIZATION HEADQUARTERED IN MINNEAPOLIS, MINNESOTA. M-RETS IS A WEB-BASED SYSTEM USED BY POWER GENERATORS, UTILITIES, MARKETERS, AND QUALIFIED REPORTING ENTITIES. M-RETS REGISTERS PROJECTS IN ALL STATES AND PROVINCES ACROSS NORTH AMERICA. M-RETS TRACKS RENEWABLE ENERGY CERTIFICATES (RECS) AND RENEWABLE THERMAL CERTIFICATES (RTCS) AND FACILITATES REC AND RTC TRANSACTIONS BY ISSUING A UNIQUE, TRACEABLE DIGITAL CERTIFICATE FOR EVERY MEGAWATT-HOUR (MWH) OF RENEWABLE ENERGY GENERATED BY REGISTERED UNITS OR IMPORTED INTO ITS SYSTEM. M-RETS USERS RETIRE RECS AND RTCS TO COMPLY WITH STATE POLICY OR TO SERVE THE VOLUNTARY MARKET AND TO ENSURE THAT RECS ARE NOT DOUBLE-COUNTED. 1366651 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 6 0 8 1 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X BEN GERBER 6517893338 60 SOUTH 6TH STREET 2800 MINNEAPOLIS MN 55402 BEN GERBER PRESIDENT AND CEO 40.00 X 201983 0 13162 TANYA GAJEWSKA CHIEF ADMINSTRATIVE OFFICE 40.00 X 136222 0 9444 ROSANNE HOYEM TECHNICAL PROGRAM MANAGER 40.00 X 120517 0 8249 ERIC SCHROEDER CHAIR 1.00 X X 0 0 0 SHERIAN KRAUSE TREASURER 1.00 X X 0 0 0 KEN NELSON SECRETARY 1.00 X X 0 0 0 ANDREW KELL DIRECTOR 1.00 X 0 0 0 ANDY KELLEN DIRECTOR 1.00 X 0 0 0 JIM JONES DIRECTOR 1.00 X 0 0 0 KEN SMITH DIRECTOR 1.00 X 0 0 0 LEANNE SHEWCHUK DIRECTOR 1.00 X 0 0 0 RENEE COLBERT DIRECTOR 1.00 X 0 0 0 SUPRIA RANADE VICE CHAIR 1.00 X X 0 0 0 TEODY LEANO DIRECTOR 1.00 X 0 0 0 TYLER MEULEMANS DIRECTOR 1.00 X 0 0 0 458722 0 30855 3 0 1 0 TARMAC LLC 3325 W 32ND STREET SHOREVIEW MN 55416 SOFTWARE DEVELOPMENT 751208 1 RETIREMENT FEES 525100 1016931 1016931 ISSUANCE FEES 525100 814206 814206 SUBSCRIPTION FEES 525100 453065 453065 OTHER FEES 525100 43827 43827 2328029 11672 11672 2339701 2328029 0 11672 X 489577 343911 145666 226753 219975 6778 13765 13765 56731 45640 11091 25833 21866 3967 12197 12197 712841 626418 86423 37040 10205 26835 47571 47571 7710 4183 3527 65980 65980 29722 29722 OTHER EXPENSES 23874 14708 9166 1749594 1366651 382943 0 120143 24708 2083391 2420053 110978 193780 11967 29737 732593 219182 100001 513411 2426480 3181689 193109 358211 193109 358211 X 2233371 2823478 2233371 2823478 2426480 3181689 590107 0 X X 0 1 X 1 0 3202 3202 0 729391 215980 513411 513411 X 2339701 0 2339701 0 2339701 1749594 0 1749594 0 1749594 PART X, LINE 2: M-RETS IS EXEMPT FROM INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(4) AND APPLICABLE MINNESOTA AND WISCONSIN STATUTES, EXCEPT TO THE EXTENT IT HAS TAXABLE INCOME THAT IS NOT RELATED TO ITS TAX EXEMPT PURPOSE. MANAGEMENT BELIEVES THERE ARE NO UNCERTAIN TAX POSITIONS. CANADA PROGRAM SERVICES TRACKS RENEWABLE ENERGY GENERATION LOCATED IN THIS REGION. 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 PART III ACCOUNTING METHOD: X X 0 0 0 0 0 0 0 0 0 BEN GERBER PRESIDENT AND CEO 201983 0 0 0 0 0 12746 0 416 0 215145 0 0 0 FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE IS RESPONSIBLE FOR CONVENING THE LEADERSHIP OF THE BOARD TO DEAL WITH MATTERS THAT MAY NOT BE ABLE TO WAIT UNTIL THE FULL BOARD OF DIRECTORS MEETS AND TO ADDRESS OTHER MATTERS REFERRED TO THE COMMITTEE BY THE FULL BOARD. THE VOTING MEMBERS OF THE COMMITTEE ARE THE OFFICERS, INCLUDING THE PRESIDENT, VICE-PRESIDENT, TREASURER, SECRETARY, AND UP TO ONE AT-LARGE MEMBER. THE PRESIDENT AND CHIEF EXECUTIVE OFFICER IS A NON-VOTING EX-OFFICIO MEMBER. FORM 990, PART VI, SECTION B, LINE 11B M-RETS BOARD OF DIRECTORS AND MANAGEMENT REVIEWS THE 990 PRIOR TO FILING IT WITH THE IRS. A REVIEW CONSISTS OF PROVIDING DRAFTS TO DIRECTORS AND MANAGEMENT FOR REVIEW AND INPUT AS WELL AS PRESENTATION AND DISCUSSION OF THE 990 AT THE APRIL BOARD OF DIRECTORS MEETING PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C AS STIPULATED IN THE APPROVED ANNUAL BOARD MEETING CALENDAR, THE CONFLICT OF INTEREST FORMS WILL BE SIGNED EVERY YEAR AT THE ANNUAL MEETING. ALL DIRECTORS AND STAFF SIGNED A CONFLICT OF INTEREST POLICY FOR THE 2021 FY. NEW DIRECTORS JOINING THE BOARD WERE ASKED TO SIGN THE CONFLICT OF INTEREST POLICY UPON BEING APPOINTED TO THE BOARD. MANAGEMENT RETAINS SIGNED DOCUMENTS ON FILE. THE BOARD MAINTAINS A FIDUCIARY DUTIES, ROLES AND EXPECTATIONS DOCUMENT FOR BOARD MEMBERS THAT STATES BOARD MEMBERS SHALL "ASCERTAIN THAT APPROPRIATE POLICIES HAVE BEEN ESTABLISHED TO DEFINE AND IDENTIFY CONFLICT OF INTEREST THROUGHOUT THE ORGANIZATION AND ENFORCE THOSE POLICIES." ALL REPRESENTATIVES OF THE M-RETS ARE COVERED BY THE POLICY. ANY TIME DECISIONS INVOLVE MATTERS IN WHICH A REPRESENTATIVE OR THEIR FAMILY IS INVOLVED, THE CHAIR OF THE BOARD IS NOTIFIED. ANY REPRESENTATIVE WITH A CONFLICT REFRAINS FROM VOTING OR USING PERSONAL INFLUENCE AT MEETINGS INVOLVING CONFLICTING MATTERS. CONFLICTS OF INTEREST ARE DETERMINED BY UNINTERESTED MEMBERS. ALL PERTINENT INFORMATION IN THE POSSESSION OF A CONFLICTED PARTY IS MADE AVAILABLE TO THE CHAIR OF THE BOARD AND DISCLOSED. PROCEEDINGS RESULTING FROM CONFLICT OF INTEREST DISCLOSURES ARE DOCUMENTED IN THE MEETING MINUTES OR AS OTHERWISE APPROPRIATE. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE COMMITTEE REVIEWS AND ESTABLISHES THE COMPENSATION FOR THE CHIEF EXECUTIVE. SALARY COMPARISON TOOLS AND RESOURCES ARE USED TO CONSIDER COMPETITIVE BUT MARKET COMPENSATION. THE CHIEF EXECUTIVE DETERMINES THE COMPENSATION OF ALL OTHER EMPLOYEES AND ALSO USES SALARY COMPARISON TOOLS AND RESOURCES IN THE DELIBERATION. IN 2021 SALARY.COM COMP ANALYSIS TOOL WAS PURCHASED FOR COMPARISON OF SALARIES BASED ON SIMILAR MARKET INCLUDING SIZE OF ORGANIZATION IN STAFF AND INCOME AS WELL AS THE TYPE OF INDUSTRY. STAFF COMPENSATION IS APPROVED BY THE PRESIDENT AND CEO AND THEN THE BOARD OF DIRECTORS AS A PART OF THE BUDGET APPROVAL EACH YEAR. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS INCLUDING THE CONFLICT OF INTEREST POLICY IS ON THE WEBSITE. FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G SYSTEM ADMINISTRATION: PROGRAM SERVICE EXPENSES 524,647. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 524,647. CONSULTING FEES: PROGRAM SERVICE EXPENSES 64,172. MANAGEMENT AND GENERAL EXPENSES 78,892. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 143,064. OTHER FEES: PROGRAM SERVICE EXPENSES 37,599. MANAGEMENT AND GENERAL EXPENSES 7,531. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 45,130. FORM 990, PART XII, LINE 2C: THERE HAS BEEN NO CHANGE IN THE COMMITTEE'S PROCESS FOR REVIEWING THE ORGANIZATION'S FINANCIAL STATEMENTS.