2021-04-19T11:35:43-05:00 2020-12-31 410746749 CLIFTONLARSONALLEN LLP 220 S 6TH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2020-01-01 263251122 MIDWEST RENEWABLE ENERGY TRACKING SYSTEM INC MIDW 6517893338 60 SOUTH 6TH STREET NO 2800 MINNEAPOLIS MN 55402 BEN GERBER CHIEF EXECUTIVE OFFICER 6517893338 2021-04-13 1 BEN GERBER 999009999 DEIRDRE HODGSON P01484710 6123764500 2021-04-13 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z BEN GERBER 60 SOUTH 6TH STREET NO 2800 MINNEAPOLIS MN 55402 1876654 0 X WWW.MRETS.ORG X 2008 WI SEE SCHEDULE O 9 9 5 0 0 0 0 0 1721193 1861426 13312 15228 0 0 1734505 1876654 0 0 0 0 521318 845587 0 0 0 861405 848899 1382723 1694486 351782 182168 2198591 2426480 147388 193109 2051203 2233371 M-RETS VALIDATES THE ENVIRONMENTAL ATTRIBUTES OF ENERGY TO SERVE AS A TRUSTED CENTRALIZED GATEWAY TO ENVIRONMENTAL MARKETS. 0 0 1407088 1861426 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. 1407088 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 7 0 5 1 0 0 0 0 0 0 0 0 X 9 9 0 0 1 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 NO 2800 MINNEAPOLIS MN 55402 BEN GERBER CHIEF EXECUTIVE OFFICER 40.00 X 190933 0 12274 TANYA GAJEWSKA CHIEF ADMINSTRATIVE OFFICE 40.00 X 126490 0 8686 JOHN MALONE SENIOR DEVELOPER 40.00 X 135900 0 8215 ERIC SCHROEDER CHAIR 1.00 X X 0 0 0 SUPRIA RANADE VICE CHAIR 1.00 X X 0 0 0 SHERIAN KRAUSE SECRETARY 1.00 X X 0 0 0 ESTHER CASE TREASURER 1.00 X X 0 0 0 ANDREW KELL BOARD MEMBER 1.00 X 0 0 0 ANDY KELLEN BOARD MEMBER 1.00 X 0 0 0 KEN NELSON BOARD MEMBER 1.00 X 0 0 0 KEN SMITH BOARD MEMBER 1.00 X 0 0 0 TEODY LEANO BOARD MEMBER 1.00 X 0 0 0 453323 0 29175 2 0 1 0 TARMAC LLC 1025 LAKE BEACH DRIVE SHOREVIEW MN 55126 SOFTWARE DEVELOPMENT 388425 1 RETIREMENT FEES 525100 784845 784845 ISSUANCE FEES 525100 645285 645285 SUBSCRIPTION FEES 525100 406725 406725 OTHER FEES 900099 24571 24571 1861426 15228 15228 1876654 1861426 0 15228 X 338378 203202 135176 422041 420362 1679 31689 23377 8312 53479 43656 9823 14591 6855 7736 10730 10730 658051 622254 35797 32766 14968 17798 38307 38307 5833 5390 443 50124 50000 124 16125 16125 OTHER EXPENSES 22372 17024 5348 1694486 1407088 287398 0 33650 120143 1874169 2083391 127777 110978 12870 11967 254600 154599 150125 100001 2198591 2426480 147388 193109 147388 193109 X 2051203 2233371 2051203 2233371 2198591 2426480 182168 0 X 0 1 X 1 0 4600 4599 1 250000 150000 100000 100001 X 1876654 0 1876654 0 1876654 1694486 0 1694486 0 1694486 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 CHIEF EXECUTIVE OFFICER 175933 0 0 0 15000 0 11853 0 421 0 203207 0 0 0 FORM 990, PART VI, SECTION A, LINE 1 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 EXECUTIVE DIRECTOR IS A NON-VOTING EX-OFFICIO MEMBER. FORM 990, PART VI, SECTION A, LINE 4 CHANGES TO ORGANIZATIONAL BYLAWS: 1. WE CHANGED OUR PURPOSE TO INCLUDE ALL ENVIRONMENTAL ATTRIBUTES AND ADDED DECARBONIZATION. 2. CHANGED OUR PRINCIPAL OFFICE FROM MADISON, WISCONSIN TO MINNEAPOLIS, MINNESOTA. 3. WE CHANGED THE REQUIREMENT THAT INDUSTRY AND REGULATOR BOARD SEATS ARE "BALANCED". 4. EXPANDED THE ABILITY TO HAVE MORE SUBJECT MATTER EXPERT BOARD MEMBERS. 5. THE M-RETS REGION IS DEFINED AS ALL OF NORTH AMERICA. 6. EXECUTIVE DIRECTOR IS NOW CHIEF EXECUTIVE AND BOARD PRESIDENT AND VICE-PRESIDENT ARE NOW CHAIR AND VICE-CHAIR. 7. WE ADDED PERMISSIVE LANGUAGE THAT GRANTS THE BOARD THE ABILITY TO PAY DIRECTORS BUT DOES NOT REQUIRE IT. 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 2020 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 PRESIDENT 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 PRESIDENT 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 OUTSIDE HUMAN RESOURCES ORGANIZATION PROVIDED SALARY COMPARISON FOR 2020. SALARY.COM COMP ANALYSIS TOOL WAS PURCHASED FOR COMPARISON OF SALARIES AS WELL. STAFF COMPENSATION IS APPROVED BY THE BOARD OF DIRECTORS AS A PART OF THE BUDGET APPROVAL EACH YEAR. 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. 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 591,678. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 591,678. CONSULTING FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 27,767. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 27,767. OTHER FEES: PROGRAM SERVICE EXPENSES 30,576. MANAGEMENT AND GENERAL EXPENSES 8,030. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 38,606.