2021-09-30T16:38:52-05:00 2020-12-31 410746749 CLIFTONLARSONALLEN LLP 8215 GREENWAY BOULEVARD SUITE 600 MIDDLETON WI 53562 990 2020-01-01 391356152 SLIPSTREAM GROUP INC SLIP 6082499322 431 CHARMANY DR MADISON WI 53719 FRANK GREB PRESIDENT & CEO 6082499322 2021-09-30 1 FRANK GREB 999009999 KIMBERLY ANDERSON CPA P00188889 6086628600 2021-09-30 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z FRANK GREB 431 CHARMANY DR MADISON WI 53719 50647659 0 X SLIPSTREAMINC.ORG X 1980 WI ACCELERATING CLIMATE SOLUTIONS. FOR EVERYONE. 16 16 190 16 0 0 1742983 1808663 46273937 48290066 600598 300273 -260771 -140080 48356747 50258922 0 0 0 0 14971639 15362710 0 0 1623880 33669546 35478131 48641185 50840841 -284438 -581919 43657541 33688253 31209252 21720519 12448289 11967734 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 34987500 40260453 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. 2282039 4429763 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. 1792122 1390827 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. 1569106 2209023 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. 1569106 2209023 40630767 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 1 334 0 190 1 0 0 0 0 0 0 0 0 0 0 0 0 X 16 16 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X AMANDA BERG 6087296941 431 CHARMANY DRIVE MADISON WI 53719 PETER KILDE CHAIR 1.00 X X 0 0 0 KATHERINE HAMMACK VICE CHAIR 1.00 X X 0 0 0 BILL OEMICHEN DIRECTOR 1.00 X 0 0 0 TOM PAQUE DIRECTOR 1.00 X 0 0 0 LORI PETERSON 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 LINDA FRENCH 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 FRANKLIN GREB PRESIDENT & CEO 40.00 X 185705 0 23041 TIMOTHY MATHISON SECRETARY AND LEGAL COUNSEL 40.00 X 84128 0 10429 AMANDA BERG TREASURER AND CFO 40.00 X 183470 0 10171 MARGARET ANDERSON EXECUTIVE VICE PRESIDENT 40.00 X 158611 0 10168 KAREN WEIGERT EXECUTIVE VICE PRESIDENT 40.00 X 174507 0 30635 DOUGLAS AHL EXECUTIVE VICE PRESIDENT 40.00 X 133482 0 22898 RICHARD GODFREY DIRECTOR OF ENERGY OPERATIONS 40.00 X 123181 0 11330 SCOTT PIGG PRINCIPAL RESEARCHER 40.00 X 130791 0 9569 STEVEN KIHM PRINCIPAL CHIEF ECONOMIST 40.00 X 134362 0 11577 SCOTT HACKEL DIRECTOR OF RESEARCH AND INNOVATION 40.00 X 122423 0 23202 MARY WOOLSEY SCHLAEFER FORMER PRESIDENT & CEO 0.00 X 150460 0 4773 1581120 0 167793 27 1 1 0 NYSS LLC 385 W JOHN STREET UNIT 100 HICKSVILLE NY 11801 IMPLEMENT ENERGY EFFICIENCY PROGRAMS 5967740 SAN MARK SALES LLC 100 DOBBS LANE SUITE 208 CHERRY HILL NJ 08034 IMPLEMENT ENERGY EFFICIENCY PROGRAMS 3624769 LAURY HEATING COOLING LLC 511 PLUM ST VINELAND NJ 08362 IMPLEMENT ENERGY EFFICIENCY PROGRAMS 2809471 GREEN TEAM LI 332B DANTE COURT HOLBROOK NY 11741 IMPLEMENT ENERGY EFFICIENCY PROGRAMS 2296814 KASSELMAN SOLAR LLC 29 BROAD ST ALBANY NY 12202 IMPLEMENT ENERGY EFFICIENCY PROGRAMS 1609148 58 1221535 587128 1808663 EFFICIENCY AT SCALE 900099 40260453 40260453 FINANCING FOR A LOW-CARBON FUTURE 900099 4429763 4429763 TRAINING & EDUCATION 900099 2209023 2209023 EMERGING TECHNOLOGIES & HUMAN FAC 900099 1390827 1390827 48290066 271919 271919 172000 312080 -140080 -140080 -140080 70535 34476 60260 16397 10275 18079 28354 28354 50258922 48290066 0 160193 1328083 57252 1160993 109838 11128367 6098306 3912418 1117643 657892 325108 267954 64830 1302859 619468 510566 172825 945509 467239 385098 93172 35150 30 35120 49706 490 49216 9659 9659 4000793 3521128 479485 180 400848 365209 10797 24842 527561 252553 271145 3863 471004 50090 413435 7479 264079 1500 262579 120878 53753 44303 22822 157662 83065 68462 6135 115592 115592 388287 388287 144959 31565 113394 ENERGY EFFICIENT INCENT 28526474 28526474 DUES/MEMBERSHIPS 70219 38493 31726 ENERGY RATING FEES 16004 16004 179256 123040 55965 251 50840841 40630767 8586194 1623880 1011209 1858580 26871005 11932746 9799636 14308861 1079521 909410 456148 545014 8193973 5229092 3407523 2964881 1032499 1168761 43657541 33688253 5675499 6846450 1327229 1038213 2456181 4937309 21750343 8898547 31209252 21720519 X 12448289 11700113 267621 12448289 11967734 43657541 33688253 -581919 101364 0 X 0 1 X 1 0 X 45456 14513 827 1742983 1808663 3612442 45456 14513 827 1742983 1808663 3612442 371565 3240877 174584 169675 122119 666593 443919 1576890 5189332 183610594 0.62450 0.58030 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4902049 2230461 2671588 387230 267383 119847 2364443 2217752 146691 540251 513496 26755 2964881 DEPOSIT LIABILITY 8898547 8898547 X 50472628 101364 312080 413444 50059184 9659 190079 199738 50258922 50953183 312080 312080 50641103 9659 190079 199738 50840841 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, 2020 AND 2019. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES REPORTED ON FORM 990, PART VIII, LINE 6B 312,080. PART XI, LINE 4B - OTHER ADJUSTMENTS: GAIN ON SALE OF FIXED ASSETS RECORDED AS AN EXPENSE 18,079. RENTAL INCOME REPORTED ON FORM 990, PART VIII, LINE 6A 172,000. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES REPORTED ON FORM 990, PART VIII, LINE 6B 312,080. PART XII, LINE 4B - OTHER ADJUSTMENTS: GAIN ON SALE OF FIXED ASSETS RECORDED AS AN EXPENSE 18,079. RENTAL INCOME REPORTED ON FORM 990, PART VIII, LINE 6A 172,000. X X 1 0 0 0 0 0 0 0 0 FRANKLIN GREB PRESIDENT & CEO 184913 0 0 0 792 0 11126 0 11915 0 208746 0 0 0 KAREN WEIGERT EXECUTIVE VICE PRESIDENT 174327 0 0 0 180 0 9976 0 20659 0 205142 0 0 0 AMANDA BERG TREASURER AND CFO 153350 0 30000 0 120 0 8804 0 1367 0 193641 0 0 0 MARGARET ANDERSON EXECUTIVE VICE PRESIDENT 156095 0 2000 0 516 0 9232 0 936 0 168779 0 0 0 DOUGLAS AHL EXECUTIVE VICE PRESIDENT 133251 0 0 0 231 0 7785 0 15113 0 156380 0 0 0 MARY WOOLSEY SCHLAEFER FORMER PRESIDENT & CEO 23793 0 0 0 126667 0 4773 0 0 0 155233 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. PART I, LINE 4A MARY WOOLSEY SCHLAEFER RECEIVED $126,667 AS PART OF A RETIREMENT AGREEMENT. STEVEN KIHM RECEIVED $33,775 AND RICHARD GODFREY RECEIVED $32,480 AS PART OF A TERMINATION AGREEMENT. FORM 990, PART VI, SECTION A, LINE 4 BYLAWS WERE AMENDED TO INCREASE THE MAXIMUM NUMBER OF VOTING BOARD MEMBERS ALLOWED FROM FIFTEEN TO SEVENTEEN. REFERENCES TO THE POSITION OF COO WERE ALSO REMOVED AS THAT JOB'S RESPONSIBILITIES WERE ABSORBED BY THE PRESIDENT/CEO. THE EXECUTIVE COMMITTEE WAS AMENDED TO INCLUDE THE IMMEDIATE PAST CHAIRPERSON OF THE BOARD AS A MEMBER. FORM 990, PART VI, SECTION B, LINE 11B THE FULL BOARD IS PROVIDED A COPY OF THE RETURN TO REVIEW AND APPROVE BEFORE FILING. 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 BIENNIALLY 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.