2025-08-06T11:59:38-05:00 2024-12-31 410746749 CLIFTONLARSONALLEN LLP 220 S 6TH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2024-01-01 263251122 MIDWEST RENEWABLE ENERGY TRACKING SYSTEM INC MIDW 6517893338 60 SOUTH 6TH STREET 2800 MINNEAPOLIS MN 55402 BEN GERBER PRESIDENT AND CEO 6517893338 2025-08-03 1 0 DEIRDRE HODGSON P01484710 6123764500 2025-08-03 2024 2025-03-06 01:10:19Z M-RETS BEN GERBER 60 SOUTH 6TH STREET 2800 MINNEAPOLIS MN 55402 8196544 0 X WWW.MRETS.ORG X 2008 WI SEE SCHEDULE O 12 12 25 12 0 0 0 0 5641364 8063763 29245 132781 0 0 5670609 8196544 0 0 0 0 2829455 2364008 0 0 0 3203490 4045143 6032945 6409151 -362336 1787393 5383393 7438075 895186 1162475 4488207 6275600 M-RETS VALIDATES THE ENVIRONMENTAL ATTRIBUTES OF ENERGY TO SERVE AS A TRUSTED CENTRALIZED GATEWAY TO ENVIRONMENTAL MARKETS. 0 0 4778701 0 8063763 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. PROJECTS IN ALL STATES AND PROVINCES ACROSS NORTH AMERICA ARE ELIGIBLE TO REGISTER WITH M-RETS. 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 OR DECATHERM OF RENEWABLE THERMAL ENERGY. 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. 4778701 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 8 0 1 25 1 0 0 0 0 0 0 0 0 0 0 0 0 X 12 12 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X BEN GERBER 6517893338 60 SOUTH 6TH STREET MINNEAPOLIS MN 55402 BEN GERBER PRESIDENT AND CEO 40.00 X 231183 0 18154 TANYA GAJEWSKA CHIEF ADMINISTRATIVE OFFICER 40.00 X 196717 0 15419 TERI BYLANDER-PINKE CHIEF OPERATIONS OFFICER 40.00 X 251050 0 16985 JOHN PEACOCK CHIEF INFORMATION AND TECHNOLOGY OFFICER 40.00 X 202800 0 15975 STEVE TUCKNER SENIOR SOFTWARE ENGINEER 40.00 X 175238 0 13606 JACKIE BALDWIN SENIOR SOFTWARE ENGINEER 40.00 X 173687 0 13656 JUSTIN JOHNSON PRODUCT OWNER & BUSINESS ANALYST MANAGER 40.00 X 155717 0 11882 DAN BELLING SENIOR SOFTWARE ENGINEER 40.00 X 154050 0 12027 JIM JONES CHAIR 1.00 X X 0 0 0 BRIAN ROUNDS VICE CHAIR 1.00 X X 0 0 0 ERIC SCHROEDER PAST CHAIR 1.00 X 0 0 0 KEN NELSON TREASURER 1.00 X X 0 0 0 SANDRA NESSING SECRETARY 1.00 X X 0 0 0 ANGELA AMOS DIRECTOR 1.00 X 0 0 0 RICHARD DIGIA DIRECTOR 1.00 X 0 0 0 ANDY KELLEN DIRECTOR 1.00 X 0 0 0 HOLLY LAHD DIRECTOR 1.00 X 0 0 0 TYLER MEULEMANS DIRECTOR 1.00 X 0 0 0 LUKE PENNE DIRECTOR 1.00 X 0 0 0 LEANNE SHEWCHUK DIRECTOR 1.00 X 0 0 0 1540442 0 117704 6 0 1 0 TARMAC LLC 7 AZALEA DRIVE KEY WEST FL 33040 SOFTWARE DEVELOPMENT 2668808 KUTACK ROCK 1650 FARNAM STREET OMAHA NE 68102 LEGAL 106290 INDUSTRIAL MANAGEMENT COMPANY 215 PARK AVENUE SOUTH SUITE 1300 NEW YORK NY 10003 RENT 101378 3 RETIREMENT FEES 525100 3544746 3544746 ISSUANCE FEES 525100 2266063 2266063 SUBSCRIPTION FEES 525100 1074387 1074387 STRATEGIC DEVELOPMENT 525100 832504 832504 OTHER FEES 525100 346063 346063 8063763 132781 132781 8196544 8063763 0 132781 X 1658145 1165507 492638 451811 137439 314372 48232 43023 5209 205820 160643 45177 80514 64963 15551 22243 22243 2995727 2675887 319840 118767 8520 110247 101378 101378 111893 33651 78242 430515 430515 58266 58266 OTHER EXPENSES 125840 58553 67287 6409151 4778701 1630450 0 57687 105606 3171086 3853552 700252 868955 76613 111572 3596352 1097962 1377755 2498390 5383393 7438075 583891 663303 311295 499172 895186 1162475 X 4488207 6275600 4488207 6275600 5383393 7438075 1787393 0 X X 0 1 X 1 0 3596352 1097962 2498390 2498390 X 8196544 0 8196544 0 8196544 6409151 0 6409151 0 6409151 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. NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 0 0 PROGRAM SERVICES ENERGY ATTRIBUTE TRACKING. 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 PART I, LINE 2: NO USE OF GRANT FUNDS OUTSIDE OF THE US X X 0 0 0 1 0 0 0 0 0 BEN GERBER PRESIDENT AND CEO 231183 0 0 0 0 0 15680 0 2474 0 249337 0 0 0 TANYA GAJEWSKA CHIEF ADMINISTRATIVE OFFICER 196717 0 0 0 0 0 13300 0 2119 0 212136 0 0 0 TERI BYLANDER-PINKE CHIEF OPERATIONS OFFICER 251050 0 0 0 0 0 14700 0 2285 0 268035 0 0 0 JOHN PEACOCK CHIEF INFORMATION AND TECHNOLOGY OFF 202800 0 0 0 0 0 13650 0 2325 0 218775 0 0 0 STEVE TUCKNER SENIOR SOFTWARE ENGINEER 175238 0 0 0 0 0 11760 0 1846 0 188844 0 0 0 JACKIE BALDWIN SENIOR SOFTWARE ENGINEER 173687 0 0 0 0 0 11760 0 1896 0 187343 0 0 0 JUSTIN JOHNSON PRODUCT OWNER & BUSINESS ANALYST MAN 155717 0 0 0 0 0 10150 0 1732 0 167599 0 0 0 DAN BELLING SENIOR SOFTWARE ENGINEER 154050 0 0 0 0 0 10220 0 1807 0 166077 0 0 0 PART I, LINE 3 THE EXECUTIVE COMMITTEE APPROVES THE SALARY OF THE CHIEF EXECUTIVE. SALARY.COM COMPENSATION ANALYSIS TOOL IS USED TO ANALYZE COMPENSATION BASED ON MARKET. 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 CHAIR, VICE CHAIR, 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 FY. 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 15 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 2024, SALARY.COM COMP ANALYSIS TOOL WAS PURCHASED FOR COMPARISON OF SALARIES BASED ON SIMILAR MARKET INCLUDING SIZE OF THE 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. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2024. 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 OTHER FEES: PROGRAM SERVICE EXPENSES 2,675,887. MANAGEMENT AND GENERAL EXPENSES 319,840. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,995,727. FORM 990, PART XII, LINE 2C: THERE HAS BEEN NO CHANGE IN THE COMMITTEE'S PROCESS FOR REVIEWING THE ORGANIZATION'S FINANCIAL STATEMENTS.