2017-08-09T12:13:04-05:00 2016-09-30 390859910 Baker Tilly Virchow Krause LLP 2000 Town Center Ste 900 Southfield MI 48075 990 2015-10-01 020648628 NextEnergy Center NEXT 3138330100 461 Burroughs Street Detroit MI 482023419 jean redfield Chief Executive Officer 3138330100 2017-08-08 1 Michael Fenberg P01284396 2483727300 2017-08-08 2015 2021-01-29 14:40:06Z Jean Redfield 461 Burroughs Street Detroit MI 482023419 3091230 0 X www.nextenergy.org X 2002 MI NextEnergy is a convener, collaborator and service provider accelerating the development and growth of advanced energy and transportation companies, technologies, and industries. 10 10 24 0 0 0 3843357 2819340 317596 0 1286 -57051 256568 270505 4418807 3032794 0 0 0 0 2464461 1821245 0 0 0 3235823 3081177 5700284 4902422 -1281477 -1869628 16294288 14095963 434026 105329 15860262 13990634 X TO ENABLE THE COMMERCIALIZATION OF ENERGY TECHNOLOGIES THAT POSITIVELYCONTRIBUTE TO ECONOMIC COMPETITIVENESS, ENERGY SECURITY, AND THE ENVIRONMENT. 0 0 274790 FEDERAL PROGRAMS - TO DEVELOP AND EXECUTE CONSORTIA-BASED RESEARCH AND DEVELOPMENT PROGRAMS TO ACCELERATE THE COMMERCIALIZATION OF ADVANCED ENERGY TECHNOLOGIES AND SYSTEMS 1008138 STATE PROGRAMS - TO SUPPORT THE ORGANIZATION'S MISSION THROUGH FACILITATION OF RESEARCH, INDUSTRY DEVELOPMENT, MANUFACTURING, AND NETWORKING PROGRAMS WITHIN ADVANCED TECHNOLOGY APPLICATIONS AND INDUSTRIES 127249 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. 2425493 254225 BUILDING OPERATIONS - TO MAINTAIN A FACILITY WHICH WILL ENTICE PROSPECTIVE TENANTS TO LEASE LABORATORIES, AS WELL AS TO PROVIDE TESTING AND VALIDATION FOR EMERGING ALTERNATIVE ENERGY CONSULTING - TO PROVIDE EXPERTISE THAT IS UNAVAILABLE AT THE STAFF LEVEL, TO CATER TO MANY ACTIVITIES THAT ARE TIME-SENSITIVE AND REQUIRE SPECIFIC EXPERTISE, AND TO ASSIST IN THE TIMELY EXECUTION OF PROGRAM DELIVERABLES 2425493 254225 3835670 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 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 0 1 20 0 1 24 1 0 0 0 0 0 0 0 0 X 10 10 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 1 1 1 1 0 MI X Jean Redfield 3138330100 461 Burroughs Street Detroit MI 482023419 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 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 Maria A Thompson Board Chair 2.00 X 0 0 0 Steven E Kurmas Vice Chair 2.00 X 0 0 0 Michael A Boulus Secretary & Treasurer 2.00 X 0 0 0 Jean Redfield President & CEO 40.00 X 230540 0 15240 Dan Radomski Vice President Industry & 40.00 X 159250 0 13925 James Saber Vice President Business & 40.00 X 163500 0 18643 553290 0 47808 3 0 1 0 Coritech Services Inc 4716 Delemere Blvd Royal Oak MI 48073 Facility Improvements 203153 Center for Automotive Research 3005 Boardwald Ste 200 Ann Arbor MI 48108 Program Subrecipient 192125 Detroit Power Systems LLC 6689 Orchard Lake Rd 211 West Bloomfield MI 48322 Facility Improvements 185941 Corporation for a Skilled Workforce 1100 Victors Way Ste 10 Ann Arbor MI 48108 Program Subrecipient 173745 Blue Care Network of Michigan PO Box 33608 Detroit MI 482325608 Health Insurance 171761 8 2145870 673470 2819340 1385 1385 254225 0 254225 254225 254225 58436 -58436 -58436 -58436 Miscellaneous 900099 16280 16280 16280 3032794 254225 0 -40771 502567 289371 213196 1053508 606595 446913 265170 192727 72443 3976 3517 459 59939 53012 6927 82688 71744 10944 468155 407636 60519 101752 100679 1073 1676880 1429087 247793 Consultants 356290 356290 contractors 215807 214695 1112 miscellaneous 115690 110317 5373 4902422 3835670 1066752 0 1045424 1194802 488812 400000 1132292 428978 35311 14886 28287830 16230533 13592449 12057297 16294288 14095963 384740 86393 30350 18936 18936 434026 105329 X 15223737 13291449 636525 699185 15860262 13990634 16294288 14095963 -1869628 0 X X 0 1 X 1 0 X 5815299 4453701 4802900 3843357 2819340 21734597 5815299 4453701 4802900 3843357 2819340 21734597 21734597 205069 195304 191161 257184 255610 1104328 453 7620 11433 670 20176 22859101 0.95080 0.95440 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1063232 1063232 13696040 8115267 5580773 13528558 8115266 5413292 12057297 security deposit 18936 18936 X 3032794 0 3032794 0 3032794 4902422 0 4902422 0 4902422 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 corresponsing 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 postion. 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 greter than 50 percent likelihood of being relaized, upon ultimate settlement with the relevant tax authority. X X X X X 0 0 0 0 0 0 0 1 0 Jean Redfield President & CEO 230020 0 0 0 520 0 0 0 15240 0 245780 0 0 0 Dan Radomski Vice President Industry & 159250 0 0 0 0 0 0 0 13925 0 173175 0 0 0 James Saber Vice President Business & 163000 0 0 0 500 0 0 0 18643 0 182143 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. Form 990, Part VI, Section B, line 11 THE FORM 990 IS GIVEN TO THE BOARD FINANCE COMMITTEE TO CONDUCT A REVIEW. UPON SATISFACTORY REVIEW, THE BOARD FINANCE COMMITTEE MAKES A RECOMMENDATION TO THE BOARD EXECUTIVE COMMITTEE FOR FINAL APPROVAL. ONCE THE BOARD EXECUTIVE COMMITTEE GIVES FINAL APPROVAL, THE FINAL FORM 990 IS GIVEN TO EACH DIRECTOR OF THE BOARD. Form 990, Part VI, Section B, line 12 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 OF OR 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 COMPENSATION FOR OUR CEO, IS PERFORMED BY THE EXECUTIVE 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 THE 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.