2019-08-13T15:43:15-05:00 2018-09-30 390859910 BAKER TILLY VIRCHOW KRAUSE LLP 2000 TOWN CENTER STE 900 SOUTHFIELD MI 48075 990 2017-10-01 020648628 NEXTENERGY CENTER NEXT 3138330100 461 BURROUGHS STREET DETROIT MI 482023419 JAMES SABER PRESIDENT & CEO 3138330100 2019-08-13 1 TROY E MARINE CPA P00187863 2483727300 2019-08-13 38.122.82.115 2019-08-13 15:35:28 CD P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 F6719D0144B06E6FC05F7FF323A3B40607EDAFB2 2017 2019-02-21 02:37:17Z JAMES SABER 461 BURROUGHS STREET DETROIT MI 482023419 7824307 0 X WWW.NEXTENERGY.ORG X 2002 MI 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. X 9 9 13 9 0 3250 1477141 1051117 0 0 1701 -3367931 324221 154620 1803063 -2162194 0 337793 0 0 1375680 1015357 0 0 0 2686667 2000140 4062347 3353290 -2259284 -5515484 12236521 6600679 505171 382107 11731350 6218572 X TO ENABLE THE COMMERCIALIZATION OF ENERGY TECHNOLOGIES THAT POSITIVELYCONTRIBUTE TO ECONOMIC COMPETITIVENESS, ENERGY SECURITY, AND THE ENVIRONMENT. 0 0 579141 19324 FEDERAL PROGRAMS - TO DEVELOP AND EXECUTE CONSORTIA-BASED RESEARCH AND DEVELOPMENT PROGRAMS TO ACCELERATE THE COMMERCIALIZATION OF ADVANCED ENERGY TECHNOLOGIES AND SYSTEMS. 687201 209124 STATE PROGRAMS - TO SUPPORT THE ORGANIZATION'S MISSION THROUGH FACILITATION OF RESEARCH, INDUSTRY DEVELOPMENT, MANUFACTURING, AND NETWORKING PROGRAMS WITHIN ADVANCED TECHNOLOGY APPLICATIONS AND INDUSTRIES. 274398 59345 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. 1148170 50000 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. 1148170 50000 2688910 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 16 0 1 13 1 1 1 0 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 1 0 MI X ANGELLA DURKIN 3138330100 461 BURROUGHS STREET DETROIT MI 482023419 MARIA A THOMPSON BOARD CHAIR 2.00 X X 0 0 0 PATRICIA GLAZA DIRECTOR 2.00 X 0 0 0 STEVEN HILFINGER DIRECTOR 2.00 X 0 0 0 LIZABETH ARDISANA DIRECTOR 2.00 X 0 0 0 MARK A BARTEAU DIRECTOR 2.00 X 0 0 0 MARCO BRUZZANO DIRECTOR 2.00 X 0 0 0 ERIC SHREFFLER DIRECTOR 2.00 X 0 0 0 PAUL F SKALNY DIRECTOR 2.00 X 0 0 0 NED STAEBLER DIRECTOR 2.00 X 0 0 0 NIGEL FRANCIS DIRECTOR 2.00 X 0 0 0 JEAN REDFIELD PRESIDENT & CEO (THROUGH 04/2018) 40.00 X 206314 0 17527 JAMES SABER PRESIDENT & CEO (EFF. 04/2018) 40.00 X 163319 0 22149 ANGELLA DURKIN CHIEF OPERATING OFFICER 40.00 X 108481 0 4730 478114 0 44406 3 0 1 0 0 753775 297342 1051117 18570 18570 154620 0 154620 154620 154620 6600000 9986501 -3386501 -3386501 -3386501 -2162194 0 0 -3213311 337793 337793 409309 184189 225120 447899 373868 74031 99137 43243 55894 59012 9967 49045 45572 38838 6734 15000 12783 2217 10532 10148 384 123069 108373 14696 59687 54038 5649 262229 227285 34944 47512 46162 1350 516372 440068 76304 43630 37183 6447 GRANT REPAYMENT 715981 610180 105801 CONSULTANTS AND CONTRAC 108726 108194 532 51830 46598 5232 3353290 2688910 664380 0 1404414 549168 307746 456135 13126 3802 1954156 1806430 10506085 147726 5443848 5150 0 12236521 6600679 194294 231411 291941 150696 18936 0 505171 382107 X 11067185 5612579 664165 605993 11731350 6218572 12236521 6600679 -5515484 7907 -5201 0 X X 0 1 X 1 0 X 4802900 3843357 2819340 1477141 1051117 13993855 4802900 3843357 2819340 1477141 1051117 13993855 86739 13907116 191161 257184 255610 325848 173190 1202993 11433 670 16280 74 28457 15225305 1000661 0.91340 0.93240 X 1954156 1806430 147726 147726 X -2154287 7907 7907 -2162194 0 -2162194 3353290 0 3353290 0 3353290 PART X, LINE 2: 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. 1 CONSUMERS ENERGY 1 ENERGY PLAZA JACKSON MI 49201 19234 FMV TO DEVELOP AND EXECUTE CONSORTIA-BASED RESEARCH AND DEVELOPMENT PROGRAMS PROSPECT SILICON VALLEY 1608 LAS PLUMAS AVE SAN JOSE CA 95133 50000 FMV FOUNDATION PROGRAM DIRECTED AWARD REGENTS OF THE UNIVERSITY OF MICHIGAN FLEMING ADMINISTRATION BUILDING 503 THOMPSON STREET ANN ARBOR MI 48109 20000 FMV SUPPORT FACILITATION OF ADVANCED TECHNOLOGY RESEARCH SWITCHED SOURCE LLC 440 BURROUGHS ST SUITE 118 DETROIT MI 48202 204500 FMV SUPPORT FACILITATION OF ADVANCED TECHNOLOGY RESEARCH THE MACKINAC TECHNOLOGY COMPANY 1763 WATERMARK DRIVE GRAND RAPIDS MI 495466492 2124 FMV SUPPORT FACILITATION OF ADVANCED TECHNOLOGY RESEARCH DERQ USA INC 330 E LIBERTY ANN ARBOR MI 48104 15000 FMV NEXTCHALLENGE FOUNDATION AWARD SMARTCONE 10000 MARSHALL DRIVE LENEXA KS 662151244 26845 FMV NEXTCHALLENGE FOUNDATION AWARD 0 7 PART I, LINE 2: 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. X X X 0 0 0 0 0 0 0 0 0 JEAN REDFIELD PRESIDENT & CEO (THROUGH 04/2018) 206314 0 0 0 0 0 0 0 17527 0 223841 0 0 0 JAMES SABER PRESIDENT & CEO (EFF. 04/2018) 163319 0 0 0 0 0 0 0 22149 0 185468 0 0 0 PART I, LINE 7 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. BUILDING, LAND, AND EQUIPMENT 2018-05-07 6600000 ASSETS WERE MADE AVAILABLE FOR SALE IN THE OPEN MARKET 386028429 THE BOARD OF GOVERNORS OF WAYNE STATE UNIVERSITY 5700 CASS AVENUE AAB SUITE 4 DETROIT MI 48202 115 0 0 0 0 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.