NEXTENERGY CENTER: Form 990, tax year 2017

View the entire original 990 at ProPublica ↗

Organization: NEXTENERGY CENTER (EIN 02-0648628)
Tax period: 2017-10-01 to 2018-09-30
Filed: 2019-08-13
IRS object ID: 201942259349302044
Schema version: 2017v2.3
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule A
Schedule B
Schedule D
Schedule I
Schedule J
Schedule N
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2019-08-13T15:43:15-05:00	ReturnTs
Tax Period End	2018-09-30	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	390859910	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	BAKER TILLY VIRCHOW KRAUSE LLP	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	2000 TOWN CENTER STE 900	AddressLine1Txt
City	SOUTHFIELD	CityNm
State Abbreviation	MI	StateAbbreviationCd
ZIP	48075	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2017-10-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	020648628	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	NEXTENERGY CENTER	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	NEXT	BusinessNameControlTxt
Phone	3138330100	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	461 BURROUGHS STREET	AddressLine1Txt
City	DETROIT	CityNm
State Abbreviation	MI	StateAbbreviationCd
ZIP	482023419	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	JAMES SABER	PersonNm
Person Title	PRESIDENT & CEO	PersonTitleTxt
Phone	3138330100	PhoneNum
Signature	2019-08-13	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	TROY E MARINE CPA	PreparerPersonNm
PTIN	P00187863	PTIN
Phone	2483727300	PhoneNum
Preparation	2019-08-13	PreparationDt

Filing Security Information FilingSecurityInformation

IP Address IPAddress

Field	Value	IRS element (for citing)
I Pv4 Address	38.122.82.115	IPv4AddressTxt

Field	Value	IRS element (for citing)
IP	2019-08-13	IPDt
IP Tm	15:35:28	IPTm
IP Timezone	CD	IPTimezoneCd
Filing License Type	P	FilingLicenseTypeCd
At Submission Creation Device Id	DA39A3EE5E6B4B0D3255BFEF95601890AFD80709	AtSubmissionCreationDeviceId
At Submission Filing Device Id	F6719D0144B06E6FC05F7FF323A3B40607EDAFB2	AtSubmissionFilingDeviceId

Field	Value	IRS element (for citing)
Tax	2017	TaxYr
Build TS	2019-02-21 02:37:17Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Principal Officer	JAMES SABER	PrincipalOfficerNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	461 BURROUGHS STREET	AddressLine1Txt
City	DETROIT	CityNm
State Abbreviation	MI	StateAbbreviationCd
ZIP	482023419	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$7,824,307	GrossReceiptsAmt
Group Return For Affiliates	0	GroupReturnForAffiliatesInd
Organization501c3	Yes (X)	Organization501c3Ind
Website Address	WWW.NEXTENERGY.ORG	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	2002	FormationYr
Legal Domicile State	MI	LegalDomicileStateCd
Activity Or Mission	NEXTENERGY WORKS WITH INNOVATORS TO ACCELERATE SMARTER, CLEANER, MORE ACCESSIBLE COMMUNITIES AND CITIES. NEXTENERGY IS A CONVENER, COLLABORATOR AND SERVICE PROVIDER ACCELERATING THE DEVELOPMENT AND GROWTH OF SMART GRID AND SMART MOBILITY COMPANIES, TECHNOLOGIES AND INDUSTRIES WITH AN AIM OF CREATING MORE SUSTAINABLE CITIES.	ActivityOrMissionDesc
Contract Termination	Yes (X)	ContractTerminationInd
Voting Members Governing Body	9	VotingMembersGoverningBodyCnt
Voting Members Independent	9	VotingMembersIndependentCnt
Total Employee	13	TotalEmployeeCnt
Total Volunteers	9	TotalVolunteersCnt
Total Gross UBI	$0	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$3,250	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$1,477,141	PYContributionsGrantsAmt
CY Contributions Grants	$1,051,117	CYContributionsGrantsAmt
PY Program Service Revenue	$0	PYProgramServiceRevenueAmt
CY Program Service Revenue	$0	CYProgramServiceRevenueAmt
PY Investment Income	$1,701	PYInvestmentIncomeAmt
CY Investment Income	-$3,367,931	CYInvestmentIncomeAmt
PY Other Revenue	$324,221	PYOtherRevenueAmt
CY Other Revenue	$154,620	CYOtherRevenueAmt
PY Total Revenue	$1,803,063	PYTotalRevenueAmt
CY Total Revenue	-$2,162,194	CYTotalRevenueAmt
PY Grants And Similar Paid	$0	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$337,793	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$0	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$1,375,680	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$1,015,357	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$0	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$0	CYTotalFundraisingExpenseAmt
PY Other Expenses	$2,686,667	PYOtherExpensesAmt
CY Other Expenses	$2,000,140	CYOtherExpensesAmt
PY Total Expenses	$4,062,347	PYTotalExpensesAmt
CY Total Expenses	$3,353,290	CYTotalExpensesAmt
PY Revenues Less Expenses	-$2,259,284	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	-$5,515,484	CYRevenuesLessExpensesAmt
Total Assets BOY	$12,236,521	TotalAssetsBOYAmt
Total Assets EOY	$6,600,679	TotalAssetsEOYAmt
Total Liabilities BOY	$505,171	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$382,107	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$11,731,350	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$6,218,572	NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part III	Yes (X)	InfoInScheduleOPartIIIInd
Mission	TO ENABLE THE COMMERCIALIZATION OF ENERGY TECHNOLOGIES THAT POSITIVELYCONTRIBUTE TO ECONOMIC COMPETITIVENESS, ENERGY SECURITY, AND THE ENVIRONMENT.	MissionDesc
Significant New Program Srvc	0	SignificantNewProgramSrvcInd
Significant Change	0	SignificantChangeInd
Expense	$579,141	ExpenseAmt
Grant	$19,324	GrantAmt
Desc	FEDERAL PROGRAMS - TO DEVELOP AND EXECUTE CONSORTIA-BASED RESEARCH AND DEVELOPMENT PROGRAMS TO ACCELERATE THE COMMERCIALIZATION OF ADVANCED ENERGY TECHNOLOGIES AND SYSTEMS.	Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

Field	Value	IRS element (for citing)
Expense	$687,201	ExpenseAmt
Grant	$209,124	GrantAmt
Desc	STATE PROGRAMS - TO SUPPORT THE ORGANIZATION'S MISSION THROUGH FACILITATION OF RESEARCH, INDUSTRY DEVELOPMENT, MANUFACTURING, AND NETWORKING PROGRAMS WITHIN ADVANCED TECHNOLOGY APPLICATIONS AND INDUSTRIES.	Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

Field	Value	IRS element (for citing)
Expense	$274,398	ExpenseAmt
Grant	$59,345	GrantAmt
Desc	FOUNDATIONS - TO SUPPORT THE ORGANIZATION'S CORE MISSION THROUGH CAPACITY BUILDING AND/OR PROGRAM FUNDING; PROGRAM FUNDS HAVE BEEN PROVIDED TO ADVANCE SMART CITY TECHNOLOGIES IN THE CITY OF DETROIT AND TO SUPPORT TECHNOLOGY CHALLENGES.	Desc

Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp

Field	Value	IRS element (for citing)
Expense	$1,148,170	ExpenseAmt
Grant	$50,000	GrantAmt
Desc	DEMONSTRATION CENTER - TO MAINTAIN A FACILITY WHICH WILL ENTICE PROSPECTIVE TENANTS TO LEASE LABORATORIES, AS WELL AS TO PROVIDE TESTING, DEMONSTRATION AND VALIDATION CONSULTING SERVICES FOR EMERGING SMART GRID AND SMART MOBILITY TECHNOLOGIES.	Desc

Field	Value	IRS element (for citing)
Total Other Prog Srvc Expense	$1,148,170	TotalOtherProgSrvcExpenseAmt
Total Other Prog Srvc Grant	$50,000	TotalOtherProgSrvcGrantAmt
Total Program Service Expenses	$2,688,910	TotalProgramServiceExpensesAmt
Described In Section501c3	Yes (1)	DescribedInSection501c3Ind
Schedule B Required	Yes (1)	ScheduleBRequiredInd
Political Campaign Acty	0	PoliticalCampaignActyInd
Lobbying Activities	0	LobbyingActivitiesInd
Subject To Proxy Tax	0	SubjectToProxyTaxInd
Donor Advised Fund	0	DonorAdvisedFundInd
Conservation Easements	0	ConservationEasementsInd
Collections Of Art	0	CollectionsOfArtInd
Credit Counseling	0	CreditCounselingInd
Temp Or Permanent Endowments	0	TempOrPermanentEndowmentsInd
Report Land Building Equipment	Yes (1)	ReportLandBuildingEquipmentInd
Report Investments Other Sec	0	ReportInvestmentsOtherSecInd
Report Program Related Invst	0	ReportProgramRelatedInvstInd
Report Other Assets	0	ReportOtherAssetsInd
Report Other Liabilities	0	ReportOtherLiabilitiesInd
Include FIN48 Footnote	Yes (1)	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	Yes (1)	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	0	ConsolidatedAuditFinclStmtInd
School Operating	0	SchoolOperatingInd
Foreign Office	0	ForeignOfficeInd
Foreign Activities	0	ForeignActivitiesInd
More Than5000 K To Org	0	MoreThan5000KToOrgInd
More Than5000 K To Individuals	0	MoreThan5000KToIndividualsInd
Professional Fundraising	0	ProfessionalFundraisingInd
Fundraising Activities	0	FundraisingActivitiesInd
Gaming Activities	0	GamingActivitiesInd
Operate Hospital	0	OperateHospitalInd
Grants To Organizations	Yes (1)	GrantsToOrganizationsInd
Grants To Individuals	0	GrantsToIndividualsInd
Schedule J Required	Yes (1)	ScheduleJRequiredInd
Tax Exempt Bonds	0	TaxExemptBondsInd
Engaged In Excess Benefit Trans	0	EngagedInExcessBenefitTransInd
PY Excess Benefit Trans	0	PYExcessBenefitTransInd
Loan Outstanding	0	LoanOutstandingInd
Grant To Related Person	0	GrantToRelatedPersonInd
Business Rln With Org Mem	0	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	0	BusinessRlnWithFamMemInd
Business Rln With Officer Ent	0	BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri	0	DeductibleNonCashContriInd
Deductible Art Contribution	0	DeductibleArtContributionInd
Terminate Operations	0	TerminateOperationsInd
Partial Liquidation	Yes (1)	PartialLiquidationInd
Disregarded Entity	0	DisregardedEntityInd
Related Entity	0	RelatedEntityInd
Related Organization Ctrl Ent	0	RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org	0	TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp	0	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (1)	ScheduleORequiredInd
IRP Document	16	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (1)	BackupWthldComplianceInd
Employee	13	EmployeeCnt
Employment Tax Returns Filed	Yes (1)	EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit	Yes (1)	UnrelatedBusIncmOverLimitInd
Form990 T Filed	Yes (1)	Form990TFiledInd
Foreign Financial Account	0	ForeignFinancialAccountInd
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTransInd
Taxable Party Notification	0	TaxablePartyNotificationInd
Nondeductible Contributions	0	NondeductibleContributionsInd
Quid Pro Quo Contributions	0	QuidProQuoContributionsInd
Form8282 Property Disposed Of	0	Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	0	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	0	PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services	0	IndoorTanningServicesInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	9	GoverningBodyVotingMembersCnt
Independent Voting Member	9	IndependentVotingMemberCnt
Family Or Business Rln	0	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	0	DelegationOfMgmtDutiesInd
Change To Org Documents	Yes (1)	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	0	MaterialDiversionOrMisuseInd
Members Or Stockholders	0	MembersOrStockholdersInd
Election Of Board Members	0	ElectionOfBoardMembersInd
Decisions Subject To Approva	0	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (1)	MinutesOfGoverningBodyInd
Minutes Of Committees	Yes (1)	MinutesOfCommitteesInd
Officer Mailing Address	0	OfficerMailingAddressInd
Local Chapters	0	LocalChaptersInd
Form990 Provided To Gvrn Body	Yes (1)	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	Yes (1)	ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn	Yes (1)	AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc	Yes (1)	RegularMonitoringEnfrcInd
Whistleblower Policy	Yes (1)	WhistleblowerPolicyInd
Document Retention Policy	Yes (1)	DocumentRetentionPolicyInd
Compensation Process CEO	Yes (1)	CompensationProcessCEOInd
Compensation Process Other	Yes (1)	CompensationProcessOtherInd
Investment In Joint Venture	0	InvestmentInJointVentureInd
States Where Copy Of Return Is Fld	MI	StatesWhereCopyOfReturnIsFldCd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	ANGELLA DURKIN	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	3138330100	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	461 BURROUGHS STREET	AddressLine1Txt
City	DETROIT	CityNm
State Abbreviation	MI	StateAbbreviationCd
ZIP	482023419	ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (13 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	OfficerOfficerInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt	Key EmployeeKeyEmployeeInd	Highest Compensated EmployeeHighestCompensatedEmployeeInd
MARIA A THOMPSON
BOARD CHAIR	2.00	Yes (X)	Yes (X)	$0	$0	$0
PATRICIA GLAZA
DIRECTOR	2.00	Yes (X)		$0	$0	$0
STEVEN HILFINGER
DIRECTOR	2.00	Yes (X)		$0	$0	$0
LIZABETH ARDISANA
DIRECTOR	2.00	Yes (X)		$0	$0	$0
MARK A BARTEAU
DIRECTOR	2.00	Yes (X)		$0	$0	$0
MARCO BRUZZANO
DIRECTOR	2.00	Yes (X)		$0	$0	$0
ERIC SHREFFLER
DIRECTOR	2.00	Yes (X)		$0	$0	$0
PAUL F SKALNY
DIRECTOR	2.00	Yes (X)		$0	$0	$0
NED STAEBLER
DIRECTOR	2.00	Yes (X)		$0	$0	$0
NIGEL FRANCIS
DIRECTOR	2.00	Yes (X)		$0	$0	$0
JEAN REDFIELD
PRESIDENT & CEO (THROUGH 04/2018)	40.00		Yes (X)	$206,314	$0	$17,527
JAMES SABER
PRESIDENT & CEO (EFF. 04/2018)	40.00			$163,319	$0	$22,149	Yes (X)
ANGELLA DURKIN
CHIEF OPERATING OFFICER	40.00			$108,481	$0	$4,730		Yes (X)

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$478,114	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$0	TotReportableCompRltdOrgAmt
Total Other Compensation	$44,406	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	3	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	0	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	Yes (1)	TotalCompGreaterThan150KInd
Compensation From Other Srcs	0	CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K	0	CntrctRcvdGreaterThan100KCnt
Government Grants	$753,775	GovernmentGrantsAmt
All Other Contributions	$297,342	AllOtherContributionsAmt
Total Contributions	$1,051,117	TotalContributionsAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$18,570	TotalRevenueColumnAmt
Exclusion	$18,570	ExclusionAmt

Gross Rents GrossRentsGrp

Field	Value	IRS element (for citing)
Real	$154,620	RealAmt

Less Rental Expenses LessRentalExpensesGrp

Field	Value	IRS element (for citing)
Real	$0	RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

Field	Value	IRS element (for citing)
Real	$154,620	RealAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$154,620	TotalRevenueColumnAmt
Exclusion	$154,620	ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

Field	Value	IRS element (for citing)
Other	$6,600,000	OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

Field	Value	IRS element (for citing)
Other	$9,986,501	OtherAmt

Gain Or Loss GainOrLossGrp

Field	Value	IRS element (for citing)
Other	-$3,386,501	OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

Field	Value	IRS element (for citing)
Total Revenue Column	-$3,386,501	TotalRevenueColumnAmt
Exclusion	-$3,386,501	ExclusionAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	-$2,162,194	TotalRevenueColumnAmt
Related Or Exempt Func Income	$0	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$0	UnrelatedBusinessRevenueAmt
Exclusion	-$3,213,311	ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

Field	Value	IRS element (for citing)
Total	$337,793	TotalAmt
Program Services	$337,793	ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$409,309	TotalAmt
Program Services	$184,189	ProgramServicesAmt
Management And General	$225,120	ManagementAndGeneralAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$447,899	TotalAmt
Program Services	$373,868	ProgramServicesAmt
Management And General	$74,031	ManagementAndGeneralAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

Field	Value	IRS element (for citing)
Total	$99,137	TotalAmt
Program Services	$43,243	ProgramServicesAmt
Management And General	$55,894	ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$59,012	TotalAmt
Program Services	$9,967	ProgramServicesAmt
Management And General	$49,045	ManagementAndGeneralAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$45,572	TotalAmt
Program Services	$38,838	ProgramServicesAmt
Management And General	$6,734	ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$15,000	TotalAmt
Program Services	$12,783	ProgramServicesAmt
Management And General	$2,217	ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

Field	Value	IRS element (for citing)
Total	$10,532	TotalAmt
Program Services	$10,148	ProgramServicesAmt
Management And General	$384	ManagementAndGeneralAmt

Advertising AdvertisingGrp

Field	Value	IRS element (for citing)
Total	$123,069	TotalAmt
Program Services	$108,373	ProgramServicesAmt
Management And General	$14,696	ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$59,687	TotalAmt
Program Services	$54,038	ProgramServicesAmt
Management And General	$5,649	ManagementAndGeneralAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$262,229	TotalAmt
Program Services	$227,285	ProgramServicesAmt
Management And General	$34,944	ManagementAndGeneralAmt

Travel TravelGrp

Field	Value	IRS element (for citing)
Total	$47,512	TotalAmt
Program Services	$46,162	ProgramServicesAmt
Management And General	$1,350	ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$516,372	TotalAmt
Program Services	$440,068	ProgramServicesAmt
Management And General	$76,304	ManagementAndGeneralAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$43,630	TotalAmt
Program Services	$37,183	ProgramServicesAmt
Management And General	$6,447	ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (2 entries)

DescDesc	TotalTotalAmt	Program ServicesProgramServicesAmt	Management And GeneralManagementAndGeneralAmt
GRANT REPAYMENT	$715,981	$610,180	$105,801
CONSULTANTS AND CONTRAC	$108,726	$108,194	$532

All Other Expenses AllOtherExpensesGrp

Field	Value	IRS element (for citing)
Total	$51,830	TotalAmt
Program Services	$46,598	ProgramServicesAmt
Management And General	$5,232	ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$3,353,290	TotalAmt
Program Services	$2,688,910	ProgramServicesAmt
Management And General	$664,380	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$1,404,414	BOYAmt
EOY	$549,168	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$307,746	BOYAmt
EOY	$456,135	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$13,126	BOYAmt
EOY	$3,802	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$1,954,156	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$1,806,430	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$10,506,085	BOYAmt
EOY	$147,726	EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

Field	Value	IRS element (for citing)
EOY	$5,443,848	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$5,150	BOYAmt
EOY	$0	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$12,236,521	BOYAmt
EOY	$6,600,679	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$194,294	BOYAmt
EOY	$231,411	EOYAmt

Deferred Revenue DeferredRevenueGrp

Field	Value	IRS element (for citing)
BOY	$291,941	BOYAmt
EOY	$150,696	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$18,936	BOYAmt
EOY	$0	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$505,171	BOYAmt
EOY	$382,107	EOYAmt

Field	Value	IRS element (for citing)
Organization Follows SFAS117	Yes (X)	OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$11,067,185	BOYAmt
EOY	$5,612,579	EOYAmt

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$664,165	BOYAmt
EOY	$605,993	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$11,731,350	BOYAmt
EOY	$6,218,572	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$12,236,521	BOYAmt
EOY	$6,600,679	EOYAmt

Field	Value	IRS element (for citing)
Reconcilation Revenue Expnss	-$5,515,484	ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst	$7,907	NetUnrlzdGainsLossesInvstAmt
Prior Period Adjustments	-$5,201	PriorPeriodAdjustmentsAmt
Other Changes In Net Assets	$0	OtherChangesInNetAssetsAmt
Info In Schedule O Part XII	Yes (X)	InfoInScheduleOPartXIIInd
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd
Accountant Compile Or Review	0	AccountantCompileOrReviewInd
FS Audited	Yes (1)	FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

Field	Value	IRS element (for citing)
Separate Basis Fincl Stmt	Yes (X)	SeparateBasisFinclStmtInd

Field	Value	IRS element (for citing)
Audit Committee	Yes (1)	AuditCommitteeInd
Federal Grant Audit Required	0	FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
Public Organization170	Yes (X)	PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$4,802,900	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$3,843,357	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$2,819,340	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$1,477,141	CurrentTaxYearMinus1YearAmt
Current Tax Year	$1,051,117	CurrentTaxYearAmt
Total	$13,993,855	TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$4,802,900	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$3,843,357	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$2,819,340	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$1,477,141	CurrentTaxYearMinus1YearAmt
Current Tax Year	$1,051,117	CurrentTaxYearAmt
Total	$13,993,855	TotalAmt

Field	Value	IRS element (for citing)
Substantial Contributors Tot	$86,739	SubstantialContributorsTotAmt
Public Support Total170	$13,907,116	PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$191,161	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$257,184	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$255,610	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$325,848	CurrentTaxYearMinus1YearAmt
Current Tax Year	$173,190	CurrentTaxYearAmt
Total	$1,202,993	TotalAmt

Other Income170 OtherIncome170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$11,433	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$670	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$16,280	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$74	CurrentTaxYearMinus1YearAmt
Total	$28,457	TotalAmt

Field	Value	IRS element (for citing)
Total Support	$15,225,305	TotalSupportAmt
Gross Receipts Rltd Activities	$1,000,661	GrossReceiptsRltdActivitiesAmt
Public Support CY170	0.91340	PublicSupportCY170Pct
Public Support PY170	0.93240	PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170	Yes (X)	ThirtyThrPctSuprtTestsCY170Ind

Schedule B IRS990ScheduleB

Schedule D IRS990ScheduleD

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$1,954,156	OtherCostOrOtherBasisAmt
Depreciation	$1,806,430	DepreciationAmt
Book Value	$147,726	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$147,726	TotalBookValueLandBuildingsAmt
Footnote Text	Yes (X)	FootnoteTextInd
Total Rev Etc Audited Fincl Stmt	-$2,154,287	TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst	$7,907	NetUnrealizedGainsInvstAmt
Revenue Not Reported	$7,907	RevenueNotReportedAmt
Revenue Subtotal	-$2,162,194	RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt	$0	RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990	-$2,162,194	TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt	$3,353,290	TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported	$0	ExpensesNotReportedAmt
Expenses Subtotal	$3,353,290	ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt	$0	ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990	$3,353,290	TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	PART X, LINE 2:	FormAndLineReferenceDesc
Explanation	NEXTENERGY HAS RECEIVED NOTIFICATION THAT IT QUALIFIES AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE U.S. INTERNAL REVENUE CODE AND CORRESPONDING PROVISIONS OF STATE LAW AND, ACCORDINGLY, IS NOT SUBJECT TO FEDERAL OR STATE INCOME TAXES ON RELATED INCOME. NEXTENERGY FOLLOWS GUIDELINES INCLUDED IN STANDARDS RELATING TO THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THE TAX EFFECTS FROM AN UNCERTAIN TAX POSITION CAN BE RECOGNIZED IN THE FINANCIAL STATEMENTS, ONLY IF THE POSITION IS MORE LIKELY THAN NOT TO BE SUSTAINED ON AUDIT, BASED ON THE TECHNICAL MERITS OF THE POSITION. NEXTENERGY RECOGNIZES THE FINANCIAL STATEMENT BENEFIT OF A TAX POSITION ONLY AFTER DETERMINING THAT THE RELEVANT TAX AUTHORITY WOULD MORE LIKELY THAN NOT SUSTAIN THE POSITION FOLLOWING AN AUDIT. FOR TAX POSITIONS MEETING THE MORE LIKELY THAN NOT THRESHOLD, THE AMOUNT RECOGNIZED IN THE FINANCIAL STATEMENTS IS THE LARGEST BENEFIT THAT HAS A GREATER THAN 50 PERCENT LIKELIHOOD OF BEING REALIZED, UPON ULTIMATE SETTLEMENT WITH THE RELEVANT TAX AUTHORITY.	ExplanationTxt

Schedule I IRS990ScheduleI

Field	Value	IRS element (for citing)
Grant Records Maintained	Yes (1)	GrantRecordsMaintainedInd

Recipient Table RecipientTable (7 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	Cash GrantCashGrantAmt	Valuation Method UsedValuationMethodUsedDesc	Purpose Of GrantPurposeOfGrantTxt	Address Line2USAddress/AddressLine2Txt
CONSUMERS ENERGY
1 ENERGY PLAZA	JACKSON	MI	49201	$19,234	FMV	TO DEVELOP AND EXECUTE CONSORTIA-BASED RESEARCH AND DEVELOPMENT PROGRAMS
PROSPECT SILICON VALLEY
1608 LAS PLUMAS AVE	SAN JOSE	CA	95133	$50,000	FMV	FOUNDATION PROGRAM DIRECTED AWARD
REGENTS OF THE UNIVERSITY OF MICHIGAN
FLEMING ADMINISTRATION BUILDING 503	ANN ARBOR	MI	48109	$20,000	FMV	SUPPORT FACILITATION OF ADVANCED TECHNOLOGY RESEARCH	THOMPSON STREET
SWITCHED SOURCE LLC
440 BURROUGHS ST SUITE 118	DETROIT	MI	48202	$204,500	FMV	SUPPORT FACILITATION OF ADVANCED TECHNOLOGY RESEARCH
THE MACKINAC TECHNOLOGY COMPANY
1763 WATERMARK DRIVE	GRAND RAPIDS	MI	495466492	$2,124	FMV	SUPPORT FACILITATION OF ADVANCED TECHNOLOGY RESEARCH
DERQ USA INC
330 E LIBERTY	ANN ARBOR	MI	48104	$15,000	FMV	NEXTCHALLENGE FOUNDATION AWARD
SMARTCONE
10000 MARSHALL DRIVE	LENEXA	KS	662151244	$26,845	FMV	NEXTCHALLENGE FOUNDATION AWARD

Field	Value	IRS element (for citing)
Total501c3 Org	0	Total501c3OrgCnt
Total Other Org	7	TotalOtherOrgCnt

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	PART I, LINE 2:	FormAndLineReferenceDesc
Explanation	NEXTENERGY AWARDS A CONTRACT TO EACH ORGANIZATION RECEIVING AWARDS OR ASSISTANCE. THIS CONTRACT OUTLINES REPORTING REQUIREMENTS BASED ON THE TYPE OF AWARD AND SUPPORTING DOCUMENTATION THAT IS REQUIRED TO BE MAINTAINED FOR EXPENDITURES UNDER THE AWARD.	ExplanationTxt

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Compensation Committee	Yes (X)	CompensationCommitteeInd
Written Employment Contract	Yes (X)	WrittenEmploymentContractInd
Board Or Committee Approval	Yes (X)	BoardOrCommitteeApprovalInd
Severance Payment	0	SeverancePaymentInd
Supplemental Nonqual Rtr Plan	0	SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm	0	EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org	0	CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs	0	CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org	0	CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs	0	CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments	0	AnyNonFixedPaymentsInd
Initial Contract Exception	0	InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (2 entries)

TitleTitleTxt	Base Compensation Filing OrgBaseCompensationFilingOrgAmt	Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt	Bonus Filing OrganizationBonusFilingOrganizationAmount	Bonus Related OrganizationsBonusRelatedOrganizationsAmt	Other Compensation Filing OrgOtherCompensationFilingOrgAmt	Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt	Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt	Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt	Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt	Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt	Total Compensation Filing OrgTotalCompensationFilingOrgAmt	Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt	Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt	Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
JEAN REDFIELD
PRESIDENT & CEO (THROUGH 04/2018)	$206,314	$0	$0	$0	$0	$0	$0	$0	$17,527	$0	$223,841	$0	$0	$0
JAMES SABER
PRESIDENT & CEO (EFF. 04/2018)	$163,319	$0	$0	$0	$0	$0	$0	$0	$22,149	$0	$185,468	$0	$0	$0

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	PART I, LINE 7	FormAndLineReferenceDesc
Explanation	NEXTENERGY OFFERS AN INCENTIVE COMPENSATION PAYMENT TO EMPLOYEES BASED ON ORGANIZATIONAL AND INDIVIDUAL PERFORMANCE IF ORGANIZATIONAL GOALS ARE MET, AND THE ORGANIZATION HAS POSITIVE CASH FLOW IN AN AMOUNT TO OFFSET THE BONUS PAYMENTS. ORGANIZATIONAL PERFORMANCE BONUS IS DISTRIBUTED AS A LUMP SUM TO ALL EMPLOYEES AND INDIVIDUAL PERFORMANCE BONUS IS PAID AS 0 TO 7% OF EMPLOYEE BASE PAY, BASED ON INDIVIDUAL PERFORMANCE RATINGS. DURING THE CURRENT YEAR, THE TARGETS WERE NOT ACHIEVED AND NO PAYMENTS WERE MADE UNDER THE INCENTIVE PROGRAM.	ExplanationTxt

Schedule N IRS990ScheduleN

Disposition Of Assets Detail DispositionOfAssetsDetail

Field	Value	IRS element (for citing)
Assets Distri Or Expnss Paid	BUILDING, LAND, AND EQUIPMENT	AssetsDistriOrExpnssPaidDesc
Distribution	2018-05-07	DistributionDt
Fair Market Value Of Asset	$6,600,000	FairMarketValueOfAssetAmt
Method Of FMV Determination	ASSETS WERE MADE AVAILABLE FOR SALE IN THE OPEN MARKET	MethodOfFMVDeterminationTxt
EIN	386028429	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	THE BOARD OF GOVERNORS OF WAYNE STATE UNIVERSITY	BusinessNameLine1Txt

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	5700 CASS AVENUE AAB SUITE 4	AddressLine1Txt
City	DETROIT	CityNm
State Abbreviation	MI	StateAbbreviationCd
ZIP	48202	ZIPCd

Field	Value	IRS element (for citing)
IRC Section	115	IRCSectionTxt

Field	Value	IRS element (for citing)
Director Of Successor2	0	DirectorOfSuccessor2Ind
Employee Of Successor2	0	EmployeeOfSuccessor2Ind
Owner Of Successor2	0	OwnerOfSuccessor2Ind
Receive Compensation2	0	ReceiveCompensation2Ind

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (6 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 4	THE BOARD APPROVED A RESOLUTION TO AMEND THE BYLAWS OF THE ORGANIZATION TO INCREASE THE NUMBER OF DIRECTORS WITH VOTING POWER AND TO CREATE THE POSITION OF CHIEF OPERATING OFFICER. THE GOVERNING DOCUMENTS WERE AMENDED ACCORDINGLY.
FORM 990, PART VI, SECTION B, LINE 11B	THE FORM 990 IS FIRST REVIEWED BY THE CEO AND VICE PRESIDENT FINANCE & ADMINISTRATION. AFTER SATISFACTORY REVIEW BY MANAGEMENT, THE FORM 990 IS GIVEN TO THE BOARD AUDIT & FINANCE COMMITTEE TO CONDUCT A REVIEW. UPON SATISFACTORY REVIEW BY THE FINANCE COMMITTEE, THE FINAL 990 IS PROVIDED TO EACH DIRECTOR.
FORM 990, PART VI, SECTION B, LINE 12C	A. EACH DIRECTOR, OFFICER, EMPLOYEE AND VOLUNTEER IS PROVIDED WITH AND ASKED TO REVIEW A COPY OF THIS POLICY AND TO ACKNOWLEDGE IN WRITING THAT HE OR SHE HAS DONE SO. B. ANNUALLY EACH DIRECTOR, OFFICER, EMPLOYEE AND VOLUNTEER COMPLETES A DISCLOSURE FORM IDENTIFYING ANY RELATIONSHIPS, POSITIONS OR CIRCUMSTANCES IN WHICH HE OR SHE IS INVOLVED THAT HE OR SHE BELIEVES COULD CONTRIBUTE TO A CONFLICT OF INTEREST. SUCH RELATIONSHIPS, POSITIONS OR CIRCUMSTANCES MIGHT INCLUDE SERVICE AS A DIRECTOR OR OF CONSULTANT TO ANOTHER NONPROFIT ORGANIZATION, OR OWNERSHIP OF A BUSINESS THAT MIGHT PROVIDE GOODS OR SERVICES TO COMMUNITY HOUSING NETWORK, INC. ANY SUCH INFORMATION REGARDING THE BUSINESS INTERESTS OF A DIRECTOR, OFFICER, EMPLOYEE OR VOLUNTEER, OR A FAMILY MEMBER THEREOF, SHALL BE TREATED AS CONFIDENTIAL AND SHALL GENERALLY BE MADE AVAILABLE ONLY TO THE CHAIR, THE PRESIDENT, AND ANY COMMITTEE APPOINTED TO ADDRESS CONFLICTS OF INTEREST, EXCEPT TO THE EXTENT ADDITIONAL DISCLOSURE IS NECESSARY IN CONNECTION WITH THE IMPLEMENTATION OF THIS POLICY. C. THIS POLICY IS REVIEWED ANNUALLY BY EACH MEMBER OF THE BOARD OF DIRECTORS. ANY CHANGES TO THE POLICY SHALL BE COMMUNICATED TO ALL STAFF AND VOLUNTEERS.
FORM 990, PART VI, SECTION B, LINE 15	AN ANNUAL REVIEW OF CEO COMPENSATION IS PERFORMED BY THE NOMINATION & COMPENSATION COMMITTEE. THEY PROVIDE WRITTEN RECOMMENDATIONS FOR COMPENSATION BASED ON ANNUAL SALARY SURVEYS REVIEWED. AN ANNUAL REVIEW OF COMPENSATION OF OFFICERS AND KEY EMPLOYEES IS PERFORMED BY EXECUTIVE STAFF. THEY REVIEW INDUSTRY SPECIFIC SALARY SURVEYS AND PROVIDE WRITTEN RECOMMENDATIONS FOR COMPENSATION.
FORM 990, PART VI, SECTION C, LINE 19	THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
FORM 990, PART XII, LINE 2C:	THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT.