2020-04-10T11:22:18-05:00 2019-12-31 410746749 CLIFTONLARSONALLEN LLP 220 SOUTH SIXTH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2019-01-01 263251122 MIDWEST RENEWABLE ENERGY TRACKING SYSTEM INC MIDW 6517893338 60 SOUTH 6TH STREET NO 2800 MINNEAPOLIS MN 55402 BEN GERBER EXECUTIVE DIRECTOR 6517893338 2020-04-09 1 DEIRDRE HODGSON P01484710 6123764500 67.137.57.251 2020-04-09 07:34:54 CD P 17A7653D3E03680D17212B91FE73DB0ACEF0D795 D96076016A1D85786C0DD27C05D232F375DC2AFE 2019 2020-11-06 18:47:13Z BEN GERBER 60 SOUTH 6TH STREET NO 2800 MINNEAPOLIS MN 55402 1734505 0 X WWW.MRETS.ORG X 2008 WI SEE SCHEDULE O 9 9 5 11 0 0 0 0 1771776 1721193 7377 13312 0 0 1779153 1734505 0 0 0 0 455815 521318 0 0 0 674352 861405 1130167 1382723 648986 351782 1823713 2199117 123766 147388 1699947 2051729 M-RETS VALIDATES THE ENVIRONMENTAL ATTRIBUTES OF ENERGY TO SERVE AS A TRUSTED CENTRALIZED GATEWAY TO ENVIRONMENTAL MARKETS. 0 0 1127864 1721193 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 FACILITATES REC 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 TO COMPLY WITH STATE POLICY OR TO SERVE THE VOLUNTARY MARKET AND TO ENSURE THAT RECS ARE NOT DOUBLE-COUNTED. 1127864 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 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 NO 2800 MINNEAPOLIS MN 55402 KEN SMITH PRESIDENT 1.00 X X 0 0 0 ERIC SCHROEDER VICE PRESIDENT 1.00 X X 0 0 0 KEN NELSON SECRETARY 1.00 X X 0 0 0 ESTHER CASE TREASURER 1.00 X X 0 0 0 DAN HEIM BOARD MEMBER 1.00 X 0 0 0 ANDREW KELL BOARD MEMBER 1.00 X 0 0 0 ANDY KELLEN BOARD MEMBER 1.00 X 0 0 0 SHERIAN KRAUSE BOARD MEMBER 1.00 X 0 0 0 TEODY LEANO BOARD MEMBER 1.00 X 0 0 0 BEN GERBER EXECUTIVE DIRECTOR 40.00 X 168017 0 11715 TANYA GAJEWSKA CHIEF ADMINSTRATIVE OFFICER 40.00 X 119527 0 8304 287544 0 20019 2 0 1 0 TARMAC LLC 1025 LAKE BEACH DRIVE SHOREVIEW MN 55126 SOFTWARE DEVELOPMENT 439761 1 RETIREMENT FEES 525100 747224 747224 ISSUANCE FEES 525100 554300 554300 SUBSCRIPTION FEES 525100 400909 400909 OTHER FEES 900099 18760 18760 1721193 13312 13312 1734505 1721193 0 13312 X 307563 179732 127831 169766 170721 -955 9115 9495 -380 34874 25088 9786 1758 1042 716 10289 10289 628894 597141 31753 25256 9508 15748 34047 34047 45468 42226 3242 18141 18014 127 50142 50000 142 20990 20990 OTHER EXPENSES 26420 24897 1523 1382723 1127864 254859 0 41448 33650 1461863 1874169 97150 128303 22985 12870 254600 104475 200267 150125 1823713 2199117 123766 147388 123766 147388 X 1699947 2051729 1699947 2051729 1823713 2199117 351782 0 X 0 1 X 1 0 4600 4475 125 250000 100000 150000 150125 X 1734505 0 1734505 0 1734505 1382723 0 1382723 0 1382723 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: 0 0 0 0 0 0 0 0 0 BEN GERBER EXECUTIVE DIRECTOR 162000 0 0 0 6017 0 11299 0 416 0 179732 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 B, LINE 11B THE FORM 990 WILL BE REVIEWED AT BOTH THE FINANCE COMMITTEE AND FULL BOARD MEETINGS WITH OUR INDEPENDENT PUBLIC ACCOUNTANT THAT PREPARES THE RETURN WITH INPUT FROM MANAGEMENT. 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 SIGNED A CONFLICT OF INTEREST POLICY AT THE 2019 ANNUAL MEETING. NEW DIRECTORS JOINING THE BOARD WERE ASKED TO SIGN THE CONFLICT OF INTEREST POLICY IMMEDIATELY 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 COMPENSATION ANALYSIS IS PROVIDED BY AN EXTERNAL HUMAN RESOURCES PROFESSIONAL SERVICE. THE COMPENSATION FOR THE EXECUTIVE DIRECTOR IS BASED ON MARKET COMPENSATION COMPARISON, THE EXECUTIVE DIRECTOR'S JOB DESCRIPTION, BOARD FEEDBACK ON PERFORMANCE, CURRENT YEAR GOALS AND OBJECTIVES AND WORKPLAN. THE EXECUTIVE COMMITTEE MONITORS THIS PROCESS. ON-GOING, THE EXECUTIVE COMMITTEE MONITORS AND EVALUATES THE EXECUTIVE DIRECTOR ON THE ESTABLISHED CRITERIA. COMPARATIVE DATA IS PROVIDED AND COMPILED BY AN EXTERNAL HUMAN RESOURCES PROFESSIONAL SERVICE. THEY USE SALARY.COM FOR DATA. THE EXECUTIVE DIRECTOR DETERMINES APPROPRIATE COMPENSATION FOR STAFF. COMPENSATION IS ULTIMATELY APPROVED BY THE BOARD IN THE ANNUAL BUDGETING PROCESS OR AT THE TIME OF HIRE IN SITUATIONS OF STAFF TURNOVER. COMPENSATION APPROVAL PROCEDURES WERE USED MOST RECENTLY IN 2018 FOR 2019 SALARY INCREASES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G SYSTEM ADMINISTRATION: PROGRAM SERVICE EXPENSES 571,920. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 571,920. CONSULTING FEES: PROGRAM SERVICE EXPENSES 5,000. MANAGEMENT AND GENERAL EXPENSES 23,130. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 28,130. OTHER FEES: PROGRAM SERVICE EXPENSES 20,221. MANAGEMENT AND GENERAL EXPENSES 8,623. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 28,844.