2023-11-09T12:43:56-06:00 2022-12-31 410746749 CLIFTONLARSONALLEN LLP 8215 GREENWAY BOULEVARD SUITE 600 MIDDLETON WI 53562 990 2022-01-01 391356152 SLIPSTREAM GROUP INC SLIP 6082499322 431 CATALYST WAY MADISON WI 53719 SANDRA HENRY PRESIDENT/CEO 6082499322 2023-11-07 1 SANDRA HENRY 999009999 1 LAURA SCHWEITZER CPA P01760010 6086628600 2023-11-03 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z X SANDRA HENRY 431 CATALYST WAY MADISON WI 53719 39839813 0 X SLIPSTREAMINC.ORG X 1980 WI ACCELERATE CLIMATE SOLUTIONS FOR EVERYONE. 16 16 182 16 0 0 6312087 2615202 40771594 35753909 181294 417533 1021029 -25551 48286004 38761093 0 0 0 0 14418913 13786121 0 0 1874972 27863226 27472285 42282139 41258406 6003865 -2497313 35851286 38156541 17792039 22932487 18059247 15224054 X ACCELERATING CLIMATE SOLUTIONS. FOR EVERYONE. SLIPSTREAM ADOPTED THIS NEW MISSION STATEMENT IN 2020 TO REFLECT OUR COMMITMENT TO INCREASING THE SPEED AND SCALE OF CLIMATE MITIGATION AND RESILIENCE. WE HAVE ALSO COMMITTED TO EQUITY AND INCLUSION, PRIORITIZING WORK THAT PUSHES BACK AGAINST THE HISTORIC INEQUITIES OF THE ENERGY EFFICIENCY INDUSTRY, CENTERS THE PERSPECTIVES OF BIPOC COMMUNITIES IN CLIMATE SOLUTIONS, AND DELIVERS EQUITABLE BENEFITS TO PEOPLE WHO HAVE BEEN LEFT BEHIND IN THE CLEAN ENERGY TRANSITION. SLIPSTREAM MEASURES OUR MISSION IMPACT IN GREENHOUSE GAS REDUCTIONS, ENERGY SAVINGS, INNOVATION, AND HEALTH. 0 0 23941620 26981802 EFFICIENCY AT SCALE: WE IMPLEMENT PILOT AND FULL-SCALE ENERGY EFFICIENCY PROGRAMS FOR UTILITIES AND GOVERNMENTS. WE SPECIALIZE IN PROGRAMS THAT ADDRESS UNDERSERVED CUSTOMERS, LIKE IMPROVING THE ENERGY EFFICIENCY OF MANUFACTURED HOUSING. OUR EXPERTISE INCLUDES INNOVATIVE COMMERCIAL AND AFFORDABLE HOUSING NEW CONSTRUCTION PROGRAMS, THE NEXT GENERATION OF COMMERCIAL LIGHTING SOLUTIONS, RESIDENTIAL LIGHTING PROGRAMS AS WELL AS OTHER COMMERCIAL AND RESIDENTIAL PROGRAMS THAT FOCUS ON LASTING CHANGES TO ENERGY CONSUMPTION. WE HAVE A GROWING FOCUS ON ELECTRIFICATION TECHNOLOGIES, INCLUDING ELECTRIC VEHICLES. 2993192 3856167 FINANCING FOR A LOW-CARBON FUTURE: SLIPSTREAM PROVIDES FINANCING PROGRAMS TO ENABLE GOVERNMENT AND UTILITY CUSTOMERS TO COMPLETE ENERGY IMPROVEMENTS. OUR CORE COMPETENCIES INCLUDE PROPERTY ASSESSED CLEAN ENERGY FINANCE (PACE) IN THE COMMERCIAL SECTOR, LENDING PROGRAMS FOR HOME ENERGY RETROFITS, AND INNOVATIVE FINANCING TO MAKE IT EASIER FOR LOW-INCOME HOMEOWNERS TO COMPLETE ENERGY IMPROVEMENTS. 2486371 2268999 EMERGING TECHNOLOGIES AND HUMAN FACTORS: OUR RESEARCH FOCUSES ON THE DISCOVERY AND TESTING OF TECHNOLOGY THAT DRIVES DOWN CARBON EMISSIONS DUE TO BUILDINGS. THE RESEARCH RANGES FROM FIELD TESTING OF THE ENERGY PERFORMANCE OF NEW TECHNOLOGIES TO PIONEERING APPROACHES TO GRID-INTERACTIVES EFFICIENT BUILDINGS. WE STUDY MARKET CONDITIONS AROUND ELECTRIFICATION AND OTHER LOW-CARBON TECHNOLOGIES AND TEST BETTER WAYS TO REACH MARKETS WHERE TRADITIONAL ENERGY EFFICIENCY PROGRAMS HAVE PERFORMED POORLY. LASTLY WE STUDY THE LINK BETWEEN CLEAN ENERGY AND HEALTH, WITH A FOCUS ON AFFORDABLE HOUSING AND LOW-INCOME WEATHERIZATION. 2209052 2646941 EDUCATION AND TRAINING: AS PART OF OUR MISSION TO SCALE SOLUTIONS, WE PROVIDE EDUCATIONAL PROGRAMMING AROUND CLEAN ENERGY TECHNOLOGIES AND EQUITY IN ENERGY TO OVER 10,000 ENERGY PROFESSIONALS ANNUALLY. 2209052 2646941 31630235 1 1 0 0 0 0 0 0 0 0 1 0 0 1 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 1 246 0 1 182 1 0 0 0 0 0 0 0 0 0 0 0 0 X 16 16 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 WI X KATRINA KELLER 6082107160 431 CATALYST WAY MADISON WI 53719 KATHERINE HAMMACK CHAIR 1.00 X X 0 0 0 LORI PETERSON VICE CHAIR 1.00 X X 0 0 0 MICHAEL BONERTZ DIRECTOR 1.00 X 0 0 0 KELLY CAIN DIRECTOR 1.00 X 1155 0 0 PETER KILDE DIRECTOR 1.00 X 0 0 0 INGRID MATTSSON DIRECTOR 1.00 X 0 0 0 ROGER MUKASA DIRECTOR 1.00 X 0 0 0 JOHN EHRMANN DIRECTOR 1.00 X 0 0 0 CHARLES HUA DIRECTOR 1.00 X 0 0 0 DUNSTAN MACAULEY III DIRECTOR 1.00 X 0 0 0 MICHELLE KLASSEN MERRIGAN DIRECTOR 1.00 X 0 0 0 LARKIN MOSSCROP DIRECTOR 1.00 X 0 0 0 BILL OEMICHEN DIRECTOR 1.00 X 0 0 0 KEITH REOPELLE DIRECTOR 1.00 X 0 0 0 PATRICIA TAYLOR DIRECTOR 1.00 X 0 0 0 BRYAN VAN STIPPEN DIRECTOR 1.00 X 0 0 0 FRANKLIN GREB PRESIDENT & CEO 40.00 X 146204 0 9516 SANDRA HALL HENRY CEO 40.00 X 84536 0 8543 AMANDA BERG VP OPERATIONS/CFO 40.00 X 64882 0 1455 KATRINA KELLER VP OPERATIONS/CFO 40.00 X 17520 0 504 TIMOTHY MATHISON GENERAL COUNSEL/SECRETARY 40.00 X 99397 0 8129 SCOTT HACKEL VICE PRESIDENT OF RESEARCH 40.00 X 136269 0 19691 PUJA VOHRA VICE PRESIDENT OF PARTDEV 40.00 X 150605 0 4912 XIAOHUI JOE ZHOU DRCTR OF RESRCH & INNOV 40.00 X 121547 0 21779 ROBIN LISOWSKI MANAGING DIRECTOR OF POLICY 40.00 X 119390 0 19184 MARGARET COWAN MANAGING DIRECTOR OF SERVICE DEVELOPMENT 40.00 X 127462 0 9049 1068967 0 102762 20 0 1 0 NYSS LLC 132 W 31ST ST SUITE 1300 NEW YORK NY 10001 IMPLEMENT ENERGY EFFICIENCY PROGRAMS 9325793 GREEN TEAM LI 332B DANTE CT HOLBROOK NY 11741 IMPLEMENT ENERGY EFFICIENCY PROGRAMS 3367498 KASSELMAN SOLAR LLC 29 BROAD STREET ALBANY NY 12202 IMPLEMENT ENERGY EFFICIENCY PROGRAMS 2879156 LAURY HEATING COOLING LLC 511 PLUM STREET VINELAND NJ 08362 IMPLEMENT ENERGY EFFICIENCY PROGRAMS 2462159 BROOKLYN SOLARWORKS LLC 200 6TH STREET SUITE 3G BROOKLYN NY 11215 IMPLEMENT ENERGY EFFICIENCY PROGRAMS 2138430 58 2199120 416082 2615202 EFFICIENCY AT SCALE 541900 26981802 26981802 FINANCING FOR A LOW-CARBON FUTURE 541900 3856167 3856167 EMERGING TECHNOLOGIES & HUMAN FAC 541900 2646941 2646941 TRAINING & EDUCATION 541900 2268999 2268999 35753909 310656 310656 270300 296465 -26165 -26165 -26165 889132 782255 106877 106877 106877 MISCELLANEOUS REVENUE 900099 614 614 614 38761093 35753909 0 391982 1222040 63679 1078866 79495 9933369 6065078 2564083 1304208 544833 299330 177923 67580 1235178 648944 385734 200500 850701 467373 277808 105520 22925 21442 1483 45870 860 45010 10430 10430 3181181 2804736 353412 23033 301250 272567 19411 9272 489271 239711 244903 4657 1090955 153717 930891 6347 400739 1785 398954 268135 144863 86107 37165 152077 83445 49600 19032 74476 74476 783202 783202 179166 39534 139632 ENERGY EFFICIENT INCENT 20215031 20215031 MISCELLANEOUS EXPENSES 156261 68191 87015 1055 DUES/MEMBERSHIPS 80806 40881 24300 15625 ENERGY RATING FEES 20510 20510 41258406 31630235 7753199 1874972 1930907 1674526 15908685 16027482 9833476 10782296 718300 558099 375809 347600 11650838 6120040 5794899 5530798 1289210 1065922 0 2169818 35851286 38156541 5342199 6456733 693215 355101 2098765 1909071 9657860 14211582 17792039 22932487 X 17880887 14760001 178360 464053 18059247 15224054 35851286 38156541 -2497313 -337880 0 X 0 1 X 1 1 1 X 827 1742983 1808663 6312087 2615202 12479762 827 1742983 1808663 6312087 2615202 12479762 113482 12366280 122119 666593 443919 407007 580956 2220594 1081884 614 1082498 15782854 189453349 0.78350 0.76000 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: EMPLOYEE RETENTION CREDIT - 2021 AMOUNT: $ 1,081,884. MISCELLANEOUS REVENUE - 2022 AMOUNT: $ 614. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5252414 2568270 2684144 387230 351734 35496 2356361 2178363 177998 3654833 1021673 2633160 5530798 RIGHT-OF-USE ASSET, NET 2169818 2169818 DEPOSIT LIABILITY 11120537 LEASE LIABILITY 2180257 UNCLAIMED PROPERTY 27218 OTHER LIABILITY EFS PACE 883570 14211582 X 38709248 -337880 296465 -41415 38750663 10430 10430 38761093 41544441 296465 296465 41247976 10430 10430 41258406 PART X, LINE 2: SLIPSTREAM GROUP, INC. IS ORGANIZED AS A WISCONSIN NONPROFIT CORPORATION AND HAS BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE AS EXEMPT FROM FEDERAL INCOME TAXES UNDER INTERNAL REVENUE CODE (IRC) SECTION 501(A) AS AN ORGANIZATION DESCRIBED IN IRC SECTION 501(C)(3). SLIPSTREAM IS SUBJECT TO INCOME TAX ON NET INCOME THAT IS DERIVED FROM BUSINESS ACTIVITIES THAT ARE UNRELATED TO ITS EXEMPT PURPOSES. SLIPSTREAM MUST RECOGNIZE THE TAX BENEFITS ASSOCIATED WITH TAX POSITIONS TAKEN FOR TAX RETURN PURPOSES WHEN IT IS MORE-LIKELY-THAN-NOT THE POSITION WILL BE SUSTAINED. SLIPSTREAM DOES NOT BELIEVE THERE ARE ANY MATERIAL UNCERTAIN TAX POSITIONS AND ACCORDINGLY, IT DID NOT RECOGNIZE ANY LIABILITY FOR UNRECOGNIZED TAX BENEFITS AS OF DECEMBER 31, 2022 AND 2021. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES REPORTED ON FORM 990, PART VIII, LINE 6B 296,465. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES REPORTED ON FORM 990, PART VIII, LINE 6B 296,465. X X 0 0 0 0 0 0 0 0 0 SCOTT HACKEL VICE PRESIDENT OF RESEARCH 136269 0 0 0 0 0 4010 0 15681 0 155960 0 0 0 FRANKLIN GREB PRESIDENT & CEO 146204 0 0 0 0 0 3506 0 6010 0 155720 0 0 0 PUJA VOHRA VICE PRESIDENT OF PARTDEV 150605 0 0 0 0 0 4484 0 428 0 155517 0 0 0 PART I, LINE 3 THE PERSONNEL AND COMPENSATION COMMITTEE IS RESPONSIBLE FOR REVIEWING THE PERFORMANCE OF THE PRESIDENT & CEO AND RECOMMENDING SALARY ADJUSTMENTS TO THE BOARD OF DIRECTORS FOR APPROVAL. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE HAS AND MAY EXERCISE ALL POWERS OF THE BOARD IN THE MANAGEMENT OF THE BUSINESS AND AFFAIRS OF THE CORPORATION WHEN THE BOARD IS NOT IN SESSION, WITH THE EXCEPTION OF BOARD AND EXECUTIVE COMMITTEE VACANCIES, AMENDMENT OF THE ARTICLES OF INCORPORATION, AND APPROVAL OF ANNUAL BUDGETS. FORM 990, PART VI, SECTION A, LINE 2 BRYAN VAN STIPPEN (BOARD MEMBER) AND INGRID MATTSSON (BOARD MEMBER) BOTH HAVE BUSINESS RELATIONSHIPS WITH KELLY CAIN (BOARD MEMBER). MICHELLE KLASSEN MERRIGAN (BOARD MEMBER) HAS A BUSINESS RELATIONSHIP WITH KATHERINE HAMMACK (BOARD MEMBER). FORM 990, PART VI, SECTION B, LINE 11B THE 990 WILL BE REVIEWED BY THE FINANCIAL OFFICER AND THE PRESIDENT/CEO AND WILL BE SENT VIA ELECTRONIC MEANS DIRECTLY (IN DRAFT FORM) TO THE ENTIRE BOARD OF DIRECTORS WHO WILL BE GIVEN ADEQUATE TIME TO SEND BACK ANY EDITS, QUESTIONS, ETC. THE 990 WILL BE APPROVED BY THE FULL BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C ON A BOARD OF DIRECTORS LEVEL, THE CONFLICT OF INTEREST POLICY IS MONITORED ON AN ANNUAL BASIS BY THE CORPORATE SECRETARY TO MAKE SURE THAT CONFLICT DISCLOSURE AGREEMENTS ARE IN PLACE WITH EACH BOARD MEMBER. THE BOARD MEMBERS MUST SELF-DISCLOSE ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST BEFORE ANY DELIBERATION OR VOTE IN WHICH THEY MAY HAVE A MATERIAL FINANCIAL INTEREST IN THE OUTCOME. ACTUAL CONFLICTS ARE REVIEWED BY THE BOARD AND IF AN ACTUAL CONFLICT IS DETERMINED TO EXIST, THE DISCLOSING BOARD MEMBER IS ASKED TO LEAVE THE ROOM DURING THE COURSE OF THE CORRESPONDING DELIBERATION AND ABSTAIN FROM THE VOTE. ANY BOARD MEMBER MAY ALSO INFORM ANY OTHER BOARD MEMBER THAT THEY HAVE REASONABLE CAUSE TO BELIEVE THAT THE LATTER MEMBER HAS FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST. FAILURE TO DISCLOSE BEFORE OR DISCOVERY OF SUCH FAILURE AFTER THE TRANSACTION HAS TAKEN PLACE IS PUNISHABLE BY ACTION UP TO AND INCLUDING REMOVAL FROM THE BOARD. OFFICERS ARE ALSO ASKED TO REVIEW AND SIGN THE CORPORATION'S CONFLICT OF INTEREST POLICY, WHICH IS SUBSTANTIALLY SIMILAR TO THAT OF THE BOARD OF DIRECTOR'S IN SCOPE AND APPLICATION. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR ALL EMPLOYEES, INCLUDING OFFICERS, ARE REVIEWED AT LEAST TRIENNIALLY USING MARKET COMPARABLE DATA, INCLUDING SURVEYS AND OUTSIDE CONSULTANTS. COMPENSATION FOR EMPLOYEES IS TO ALIGN WITH OUR COMPENSATION PHILOSOPHY ESTABLISHED BY HR AND THE LEADERSHIP TEAM. THE PERSONNEL AND COMPENSATION COMMITTEE CAN ALSO PROVIDE INPUT TO THE PRESIDENT & CEO ON THE COMPENSATION OF THE SENIOR MANAGEMENT TEAM. THE PRESIDENT & CEO'S SALARY IS REVIEWED DIRECTLY BY THE PERSONNEL AND COMPENSATION COMMITTEE AND IS APPROVED BY THE BOARD AFTER THE COMMITTEE'S RECOMMENDATION. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2022 FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.