2022-07-21T16:29:46-05:00 2021-12-31 410746749 CLIFTONLARSONALLEN LLP 8215 GREENWAY BOULEVARD SUITE 600 MIDDLETON WI 53562 990 2021-01-01 391356152 SLIPSTREAM GROUP INC SLIP 6082499322 431 CHARMANY DR MADISON WI 53719 FRANK GREB PRESIDENT & CEO 6082499322 2022-07-21 1 FRANK GREB 999009999 KIMBERLY ANDERSON CPA P00188889 6086628600 2022-07-21 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z FRANK GREB 431 CHARMANY DR MADISON WI 53719 48611772 0 X SLIPSTREAMINC.ORG X 1980 WI ACCELERATE CLIMATE SOLUTIONS. FOR EVERYONE. 16 16 180 16 0 0 1808663 6312087 48290066 40771594 300273 181294 -140080 1021029 50258922 48286004 0 0 0 0 15362710 14418913 0 0 1692718 35478131 27863226 50840841 42282139 -581919 6003865 33688253 35851286 21720519 17792039 11967734 18059247 X ACCELERATING CLIMATE SOLUTIONS. FOR EVERYONE. SLIPSTREAM ADOPTED THIS NEW MISSION STATEMENT IN 2020 TO REFLECT OUR COMMITMENT TO INCREASING THE SPEED AND SCALE OF CLIMATE MITIGATION AND RESILIENCE. WE HAVE ALSO COMMITTED TO EQUITY AND INCLUSION, PRIORITIZING WORK THAT PUSHES BACK AGAINST THE HISTORIC INEQUITIES OF THE ENERGY EFFICIENCY INDUSTRY, CENTERS THE PERSPECTIVES OF BIPOC COMMUNITIES IN CLIMATE SOLUTIONS, AND DELIVERS EQUITABLE BENEFITS TO PEOPLE WHO HAVE BEEN LEFT BEHIND IN THE CLEAN ENERGY TRANSITION. SLIPSTREAM MEASURES OUR MISSION IMPACT IN GREENHOUSE GAS REDUCTIONS, ENERGY SAVINGS, INNOVATION, AND HEALTH. 0 0 26452995 31831356 EFFICIENCY AT SCALE: WE IMPLEMENT PILOT AND FULL-SCALE ENERGY EFFICIENCY PROGRAMS FOR UTILITIES AND GOVERNMENTS. WE SPECIALIZE IN PROGRAMS THAT ADDRESS UNDERSERVED CUSTOMERS, LIKE IMPROVING THE ENERGY EFFICIENCY OF MANUFACTURED HOUSING. OUR EXPERTISE INCLUDES INNOVATIVE COMMERCIAL AND AFFORDABLE HOUSING NEW CONSTRUCTION PROGRAMS, THE NEXT GENERATION OF COMMERCIAL LIGHTING SOLUTIONS, RESIDENTIAL LIGHTING PROGRAMS AS WELL AS OTHER COMMERCIAL AND RESIDENTIAL PROGRAMS THAT FOCUS ON LASTING CHANGES TO ENERGY CONSUMPTION. WE HAVE A GROWING FOCUS ON ELECTRIFICATION TECHNOLOGIES, INCLUDING ELECTRIC VEHICLES. 2352487 4889719 FINANCING FOR A LOW-CARBON FUTURE: SLIPSTREAM PROVIDES FINANCING PROGRAMS TO ENABLE GOVERNMENT AND UTILITY CUSTOMERS TO COMPLETE ENERGY IMPROVEMENTS. OUR CORE COMPETENCIES INCLUDE PROPERTY ASSESSED CLEAN ENERGY FINANCE (PACE) IN THE COMMERCIAL SECTOR, LENDING PROGRAMS FOR HOME ENERGY RETROFITS, AND INNOVATIVE FINANCING TO MAKE IT EASIER FOR LOW-INCOME HOMEOWNERS TO COMPLETE ENERGY IMPROVEMENTS. 1892348 1957546 EMERGING TECHNOLOGIES AND HUMAN FACTORS: OUR RESEARCH FOCUSES ON THE DISCOVERY AND TESTING OF TECHNOLOGY THAT DRIVES DOWN CARBON EMISSIONS DUE TO BUILDINGS. THE RESEARCH RANGES FROM FIELD TESTING OF THE ENERGY PERFORMANCE OF NEW TECHNOLOGIES TO PIONEERING APPROACHES TO GRID-INTERACTIVE EFFICIENT BUILDINGS. WE STUDY MARKET CONDITIONS AROUND ELECTRIFICATION AND OTHER LOW-CARBON TECHNOLOGIES AND TEST BETTER WAYS TO REACH MARKETS WHERE TRADITIONAL ENERGY EFFICIENCY PROGRAMS HAVE PERFORMED POORLY. LASTLY WE STUDY THE LINK BETWEEN CLEAN ENERGY AND HEALTH, WITH A FOCUS ON AFFORDABLE HOUSING AND LOW-INCOME WEATHERIZATION. 1607598 2092973 EDUCATION AND TRAINING: AS PART OF OUR MISSION TO SCALE SOLUTIONS, WE PROVIDE EDUCATIONAL PROGRAMMING AROUND CLEAN ENERGY TECHNOLOGIES AND EQUITY IN ENERGY TO OVER 10,000 ENERGY PROFESSIONALS ANNUALLY. 1607598 2092973 32305428 1 1 0 0 0 0 0 0 0 0 1 0 0 0 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 0 0 0 1 329 0 180 1 0 0 0 0 0 0 0 0 0 0 0 0 X 16 16 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 WI X JEANNE AMBROSE 6088073041 431 CHARMANY DRIVE MADISON WI 53719 KATHERINE HAMMACK CHAIR 1.00 X X 0 0 0 LORI PETERSON VICE CHAIR 1.00 X X 0 0 0 PETER KILDE DIRECTOR 1.00 X 0 0 0 BILL OEMICHEN DIRECTOR 1.00 X 0 0 0 PATRICIA TAYLOR DIRECTOR 1.00 X 0 0 0 KELLY CAIN DIRECTOR 1.00 X 0 0 0 CHRISTOPHER SCHOENHERR DIRECTOR 1.00 X 0 0 0 ROGER MUKASA DIRECTOR 1.00 X 0 0 0 LARKIN MOSSCROP DIRECTOR 1.00 X 0 0 0 MICHAEL BONERTZ DIRECTOR 1.00 X 0 0 0 INGRID MATTSSON DIRECTOR 1.00 X 0 0 0 KEITH REOPELLE DIRECTOR 1.00 X 0 0 0 BRYAN VAN STIPPEN DIRECTOR 1.00 X 0 0 0 CHARLES HUA DIRECTOR 1.00 X 0 0 0 DUNSTAN MACAULEY III DIRECTOR 1.00 X 0 0 0 MICHELLE KLASSEN MERRIGAN DIRECTOR 1.00 X 0 0 0 JOHN EHRMANN DIRECTOR 1.00 X 0 0 0 FRANKLIN GREB PRESIDENT & CEO 40.00 X 207539 0 24934 AMANDA BERG VP OPERATIONS/CFO 40.00 X 156602 0 10783 TIMOTHY MATHISON GENERAL COUNCEL MAG DIR 40.00 X 93753 0 11351 MARGARET ANDERSON EXECUTIVE VICE PRESIDENT MRKT DEV 40.00 X 160183 0 10960 KAREN WEIGERT EXECUTIVE VICE PRESIDENT 40.00 X 177935 0 34055 DOUGLAS AHL EXECUTIVE VICE PRESIDENT 40.00 X 142467 0 24182 PUJA VOHRA DIRECTOR OF BUSINESS DEVELOPMENT 40.00 X 190655 0 28370 ROBIN LISOWSKI DIRECTOR OF SERVICE SOLUTIONS 40.00 X 113231 0 23351 XIAOHUI ZHOU DIRECTOR OF RESEARCH AND I 40.00 X 114023 0 22901 SCOTT HACKEL DIRECTOR OF RESEARCH AND I 40.00 X 125287 0 24082 1481675 0 214969 22 0 1 0 NYSS LLC 385 W JOHN STREET UNIT 100 HICKSVILLE NY 11801 IMPLEMENT ENERGY EFFICIENCY PROGRAMS 12514139 KASSELMAN SOLAR LLC 29 BROAD ST ALBANY NY 12202 IMPLEMENT ENERGY EFFICIENCY PROGRAMS 3201761 SAN MARK SALES LLC 100 DOBBS LANE SUITE 208 CHERRY HILL NJ 08034 IMPLEMENT ENERGY EFFICIENCY PROGRAMS 3018350 GREEN TEAM LI 332B DANTE COURT HOLBROOK NY 11741 IMPLEMENT ENERGY EFFICIENCY PROGRAMS 2790152 LAURY HEATING COOLING LLC 511 PLUM ST VINELAND NJ 08362 IMPLEMENT ENERGY EFFICIENCY PROGRAMS 2738103 64 6061013 251074 6312087 EFFICIENCY AT SCALE 541900 31831356 31831356 FINANCING FOR A LOW-CARBON FUTURE 541900 4889719 4889719 TRAINING & EDUCATION 541900 2092973 2092973 EMERGING TECHNOLOGIES & HUMAN FAC 541900 1957546 1957546 40771594 150307 150307 256700 317555 -60855 -60855 -60855 39200 8213 30987 30987 30987 EMPLOYEE RETENTION CREDIT 900099 1081884 1081884 1081884 48286004 40771594 0 1202323 1039027 60848 907136 71043 10680345 5652942 3807991 1219412 637201 310668 256369 70164 1186687 550535 454312 181840 875653 426925 352307 96421 16329 16329 49820 385 49435 10983 10983 3973250 3491387 467688 14175 473773 444769 16918 12086 492815 223402 264737 4676 764463 70152 688426 5885 290647 1580 289067 80607 41376 34144 5087 72281 36135 29819 6327 103692 103692 315727 315727 165959 36874 129085 ENERGY EFFICIENT INCENT 20801248 20801248 DUES/MEMBERSHIPS 75203 38133 31468 5602 ENERGY RATING FEES 10508 10508 165921 107561 58360 42282139 32305428 8283993 1692718 1858580 1930907 11932746 15908685 14308861 9833476 909410 718300 545014 375809 11085943 5291044 2964881 5794899 1168761 1289210 33688253 35851286 6846450 5342199 1038213 693215 4937309 2098765 8898547 9657860 21720519 17792039 X 11700113 17880887 267621 178360 11967734 18059247 33688253 35851286 6003865 87648 0 X 0 1 X 1 0 X 14513 827 1742983 1808663 6312087 9879073 14513 827 1742983 1808663 6312087 9879073 173734 9705339 169675 122119 666593 443919 407007 1809313 1081884 1081884 12770270 186932633 0.76000 0.62450 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5093337 2366641 2726696 387230 305340 81890 2337768 2233371 104397 3267608 385692 2881916 5794899 DEPOSIT LIABILITY 9657860 9657860 X 48423524 87648 60855 148503 48275021 10983 10983 48286004 42332011 60855 60855 42271156 10983 10983 42282139 PART X, LINE 2: SLIPSTREAM GROUP, INC. IS ORGANIZED AS A WISCONSIN NONPROFIT CORPORATION AND HAS BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE AS EXEMPT FROM FEDERAL INCOME TAXES UNDER INTERNAL REVENUE CODE (IRC) SECTION 501(A) AS AN ORGANIZATION DESCRIBED IN IRC SECTION 501(C)(3). SLIPSTREAM IS SUBJECT TO INCOME TAX ON NET INCOME THAT IS DERIVED FROM BUSINESS ACTIVITIES THAT ARE UNRELATED TO ITS EXEMPT PURPOSES. SLIPSTREAM MUST RECOGNIZE THE TAX BENEFITS ASSOCIATED WITH TAX POSITIONS TAKEN FOR TAX RETURN PURPOSES WHEN IT IS MORE-LIKELY-THAN-NOT THE POSITION WILL BE SUSTAINED. SLIPSTREAM DOES NOT BELIEVE THERE ARE ANY MATERIAL UNCERTAIN TAX POSITIONS AND ACCORDINGLY, IT DID NOT RECOGNIZE ANY LIABILITY FOR UNRECOGNIZED TAX BENEFITS AS OF DECEMBER 31, 2021 AND 2020. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES REPORTED ON FORM 990, PART VIII, LINE 6B 60,855. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES REPORTED ON FORM 990, PART VIII, LINE 6B 60,855. X X 0 0 0 0 0 0 0 0 0 FRANKLIN GREB PRESIDENT & CEO 207539 0 0 0 0 0 12598 0 12336 0 232473 0 0 0 PUJA VOHRA DIRECTOR OF BUSINESS DEVELOPMENT 190655 0 0 0 0 0 7376 0 20994 0 219025 0 0 0 KAREN WEIGERT EXECUTIVE VICE PRESIDENT 177935 0 0 0 0 0 10895 0 23160 0 211990 0 0 0 MARGARET ANDERSON EXECUTIVE VICE PRESIDENT MRKT DEV 160183 0 0 0 0 0 9592 0 1368 0 171143 0 0 0 AMANDA BERG VP OPERATIONS/CFO 156602 0 0 0 0 0 9415 0 1368 0 167385 0 0 0 DOUGLAS AHL EXECUTIVE VICE PRESIDENT 142467 0 0 0 0 0 8533 0 15649 0 166649 0 0 0 PART I, LINE 3 THE PERSONNEL AND COMPENSATION COMMITTEE IS RESPONSIBLE FOR REVIEWING THE PERFORMANCE OF THE PRESIDENT & CEO AND RECOMMENDING SALARY ADJUSTMENTS TO THE BOARD OF DIRECTORS FOR APPROVAL. FORM 990, PART VI, SECTION A, LINE 2 BRYAN VANSTIPPEN (BOARD MEMBER) AND INGRID MATTSON (BOARD MEMBER) BOTH HAVE BUSINESS RELATIONSHIPS WITH KELLY CAIN (BOARD MEMBER). MICHELLE MERRIGAN (BOARD MEMBER) HAS A BUSINESS RELATIONSHIP WITH KATHERINE HAMMACK (BOARD MEMBER). FORM 990, PART VI, SECTION B, LINE 11B THE 990 WILL BE REVIEWED BY THE ACCOUNTING MANAGER AND THE PRESIDENT/CEO AND WILL BE SENT VIA ELECTRONIC MEANS DIRECTLY (IN DRAFT FORM) TO THE ENTIRE BOARD OF DIRECTORS WHO WILL BE GIVEN ADEQUATE TIME TO SEND BACK ANY EDITS, QUESTIONS, ETC. AND ALSO PROVIDE THEIR APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C ON A BOARD OF DIRECTORS LEVEL, THE CONFLICT OF INTEREST POLICY IS MONITORED ON AN ANNUAL BASIS BY THE CORPORATE SECRETARY TO MAKE SURE THAT CONFLICT DISCLOSURE AGREEMENTS ARE IN PLACE WITH EACH BOARD MEMBER. THE BOARD MEMBERS MUST SELF-DISCLOSE ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST BEFORE ANY DELIBERATION OR VOTE IN WHICH THEY MAY HAVE A MATERIAL FINANCIAL INTEREST IN THE OUTCOME. ACTUAL CONFLICTS ARE REVIEWED BY THE BOARD AND IF AN ACTUAL CONFLICT IS DETERMINED TO EXIST, THE DISCLOSING BOARD MEMBER IS ASKED TO LEAVE THE ROOM DURING THE COURSE OF THE CORRESPONDING DELIBERATION AND ABSTAIN FROM THE VOTE. ANY BOARD MEMBER MAY ALSO INFORM ANY OTHER BOARD MEMBER THAT THEY HAVE REASONABLE CAUSE TO BELIEVE THAT THE LATTER MEMBER HAS FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST. FAILURE TO DISCLOSE BEFORE OR DISCOVERY OF SUCH FAILURE AFTER THE TRANSACTION HAS TAKEN PLACE IS PUNISHABLE BY ACTION UP TO AND INCLUDING REMOVAL FROM THE BOARD. OFFICERS ARE ALSO ASKED TO REVIEW AND SIGN THE CORPORATION'S CONFLICT OF INTEREST POLICY, WHICH IS SUBSTANTIALLY SIMILAR TO THAT OF THE BOARD OF DIRECTOR'S IN SCOPE AND APPLICATION. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR ALL EMPLOYEES, INCLUDING OFFICERS, ARE REVIEWED AT LEAST TRIENNIALLY USING MARKET COMPARABLE DATA, INCLUDING SURVEYS AND OUTSIDE CONSULTANTS. COMPENSATION FOR EMPLOYEES IS TO ALIGN WITH OUR COMPENSATION PHILOSOPHY ESTABLISHED BY HR AND THE LEADERSHIP TEAM. THE PERSONNEL AND COMPENSATION COMMITTEE CAN ALSO PROVIDE INPUT TO THE PRESIDENT & CEO ON THE COMPENSATION OF THE SENIOR MANAGEMENT TEAM. THE PRESIDENT & CEO'S SALARY IS REVIEWED DIRECTLY BY THE PERSONNEL AND COMPENSATION COMMITTEE AND IS APPROVED BY THE BOARD AFTER THE COMMITTEE'S RECOMMENDATION. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.