2024-11-01T09:23:39-05:00 2023-12-31 410746749 CLIFTONLARSONALLEN LLP 8215 GREENWAY BOULEVARD SUITE 600 MIDDLETON WI 53562 990 2023-01-01 391356152 SLIPSTREAM GROUP INC SLIP 6082499322 431 CATALYST WAY MADISON WI 53719 SANDRA HENRY PRESIDENT/CEO 6082499322 2024-10-30 1 1 LAURA SCHWEITZER CPA P01760010 6086628600 2024-10-30 2023 2024-10-15 13:58:12Z SANDRA HENRY 431 CATALYST WAY MADISON WI 53719 46094494 0 X SLIPSTREAMINC.ORG X 1980 WI ACCELERATE CLIMATE SOLUTIONS FOR EVERYONE. 16 16 180 16 0 0 2615202 4447018 35753909 40548386 417533 821474 -25551 14376 38761093 45831254 0 0 0 0 13786121 14243859 0 0 2001435 27472285 32978156 41258406 47222015 -2497313 -1390761 38156541 42162320 22932487 28233332 15224054 13928988 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 27388676 0 31244615 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. 3038050 0 4118226 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. 3031271 0 1945277 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. 2902854 0 3240268 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. 2902854 0 3240268 36360851 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 1 301 0 1 180 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 6082499322 431 CATALYST WAY MADISON WI 53719 SANDRA HALL HENRY PRESIDENT & CEO 40.00 X 232384 0 25364 PUJA VOHRA VP OF PARTDEV 40.00 X 156939 0 6702 KATRINA KELLER VP OPERATIONS/CFO 40.00 X 141925 0 6156 DOUGLAS AHL PRINCIPAL RESEARCHER 40.00 X 141608 0 24381 SCOTT HACKEL VP OF RESEARCH 40.00 X 139235 0 22554 HEIDI GORRILL VP PROG ACCELERATION 40.00 X 138536 0 7342 MARGARET COWAN MANAGING DIR OF SVC DEV 40.00 X 132652 0 12643 TIMOTHY MATHISON GENERAL COUNSEL/SECRETARY 40.00 X 103573 0 4549 KATHERINE HAMMACK CHAIR 1.00 X X 0 0 0 LORI PETERSON VICE CHAIR 1.00 X X 0 0 0 BILL OEMICHEN DIRECTOR 1.00 X 0 0 0 BRYAN VAN STIPPEN 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 INGRID MATTSSON DIRECTOR 1.00 X 0 0 0 JOHN EHRMANN DIRECTOR 1.00 X 0 0 0 KEITH REOPELLE DIRECTOR 1.00 X 0 0 0 KELLY CAIN DIRECTOR 1.00 X 0 0 0 LARKIN MOSSCROP DIRECTOR 1.00 X 0 0 0 MICHAEL BONERTZ DIRECTOR 1.00 X 0 0 0 MICHELLE KLASSEN MERRIGAN DIRECTOR 1.00 X 0 0 0 PATRICIA TAYLOR DIRECTOR 1.00 X 0 0 0 PETER KILDE DIRECTOR 1.00 X 0 0 0 ROGER MUKASA DIRECTOR 1.00 X 0 0 0 1186852 0 109691 25 0 1 0 GREEN TEAM LI 332B DANTE CT HOLBROOK NY 11741 IMPLEMENT ENERGY EFFICIENCY PROGRAMS 4221603 KASSELMAN SOLAR LLC 29 BROAD STREET ALBANY NY 12202 IMPLEMENT ENERGY EFFICIENCY PROGRAMS 3604972 EMPOWER CES LLC 221 LONG BEACH ROAD ISLAND PARK NY 11558 IMPLEMENT ENERGY EFFICIENCY PROGRAMS 3212174 BROOKLYN SOLARWORKS LLC 200 6TH STREET SUITE 3G BROOKLYN NY 11215 IMPLEMENT ENERGY EFFICIENCY PROGRAMS 2003640 EMPIRE SOLAR SOLUTIONS LLC 33 W NAURAUSHAUN AVENUE PEARL RIVER NY 10965 IMPLEMENT ENERGY EFFICIENCY PROGRAMS 1710148 58 4107553 339465 4447018 EFFICIENCY AT SCALE 541900 31244615 31244615 FINANCING FOR A LOW-CARBON FUTURE 541900 4118226 4118226 TRAINING & EDUCATION 541900 3240268 3240268 EMERGING TECHNOLOGIES & HUMAN FAC 541900 1945277 1945277 40548386 814252 814252 262900 263240 -340 -340 -340 1527 5695 0 0 1527 5695 7222 7222 MISCELLANEOUS REVENUE 900099 14716 14716 14716 45831254 40548386 0 835850 X 513940 19530 487861 6549 11120385 5116078 4619372 1384935 522655 239209 218685 64761 1182894 501075 479883 201936 903985 400170 395397 108418 25838 25838 57000 57000 9866 9866 4753083 4233619 496533 22931 260301 198518 61783 598874 443804 151582 3488 1390686 676258 704561 9867 405982 405982 353669 150252 148460 54957 207446 82332 81350 43764 67286 67286 855726 855726 185155 185155 ENERGY EFFICIENT INCENT 23513150 23513150 CREDIT BUREAU SERVICES 107501 107501 DUES/MEMBERSHIPS 70901 16781 16581 37539 BAD DEBT EXPENSE 37116 37116 78576 34321 43748 507 47222015 36360851 8859729 2001435 1674526 209590 16027482 20067720 10782296 13569061 558099 377623 347600 344890 11078934 6514734 5530798 4564200 1065922 1161617 2169818 1867619 38156541 42162320 6456733 4424756 355101 587640 1909071 1712197 14211582 21508739 22932487 28233332 X 14760001 13444248 464053 484740 15224054 13928988 38156541 42162320 -1390761 95695 0 X 0 1 X 1 1 1 X 1742983 1808663 6312087 2615202 4447018 16925953 1742983 1808663 6312087 2615202 4447018 16925953 5163 16920790 666593 443919 407007 580956 1077152 3175627 1081884 614 14716 1097214 21198794 211637892 0.79820 0.78350 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: EMPLOYEE RETENTION CREDIT - 2021 AMOUNT: $ 1,081,884. MISCELLANEOUS REVENUE - 2022 AMOUNT: $ 614. 2023 AMOUNT: $ 14,716. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5252414 2746967 2505447 2736045 2678240 57805 3090475 1089527 2000948 4564200 DEPOSIT LIABILITY 18416867 LEASE LIABILITY 1883513 UNCLAIMED PROPERTY 29913 OTHER LIABILITY EFS PACE 1178446 21508739 X 46174628 95695 263240 358935 45815693 9866 5695 15561 45831254 47469694 263240 263240 47206454 9866 5695 15561 47222015 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, 2023 AND 2022. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES REPORTED ON FORM 990, PART VIII, LINE 6B 263,240. PART XI, LINE 4B - OTHER ADJUSTMENTS: GAIN ON SALE OF FIXED ASSET MOVE TO REVENUE 5,695. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES REPORTED ON FORM 990, PART VIII, LINE 6B 263,240. PART XII, LINE 4B - OTHER ADJUSTMENTS: GAIN ON SALE OF FIXED ASSET MOVE TO REVENUE 5,695. X X X X 0 0 0 0 0 0 0 0 0 SANDRA HALL HENRY PRESIDENT & CEO 232384 0 0 0 0 0 9500 0 15864 0 257748 0 0 0 PUJA VOHRA VP OF PARTDEV 156939 0 0 0 0 0 6267 0 435 0 163641 0 0 0 DOUGLAS AHL PRINCIPAL RESEARCHER 141608 0 0 0 0 0 5667 0 18714 0 165989 0 0 0 SCOTT HACKEL VP OF RESEARCH 139235 0 0 0 0 0 5753 0 16801 0 161789 0 0 0 PART I, LINE 3 COMPENSATION FOR ALL EMPLOYEES, INCLUDING OFFICERS, IS REVIEWED AT LEAST TRIENNIALLY USING MARKET COMPARABLE DATA, INCLUDING SURVEYS AND OUTSIDE CONSULTANTS. COMPENSATION FOR EMPLOYEES IS TO ALIGN WITH SLIPSTREAM'S 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 OF DIRECTORS AFTER THE COMMITTEE'S RECOMMENDATION. FORM 990, PART VI, SECTION A, LINE 1A THE BYLAWS ALLOW THE BOARD EXECUTIVE COMMITTEE TO EXERCISE ANY POWERS OF THE BOARD WHEN THE BOARD IS NOT IN SESSION, OTHER THAN FILLING VACANCIES, CHANGING THE GOVERNING DOCUMENTS, OR APPROVING OR MODIFYING BUDGETS. THE EXECUTIVE COMMITTEE INCLUDES KATHERINE HAMMACK, LORI PETERSON, KELLY CAIN, PETER KILDE, INGRID MATTSSON, ROGER MUKASA, MICHAEL BONERTZ. FORM 990, PART VI, SECTION A, LINE 2 INGRID MATTSSON (BOARD MEMBER) HAS A 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 FORM 990 WILL BE REVIEWED BY THE FINANCIAL OFFICER AND THE PRESIDENT/CEO. THE DRAFT FORM 990 IS SENT VIA ELECTRONIC MEANS DIRECTLY TO THE ENTIRE BOARD OF DIRECTORS, WHO ARE 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, IS REVIEWED AT LEAST TRIENNIALLY USING MARKET COMPARABLE DATA, INCLUDING SURVEYS AND OUTSIDE CONSULTANTS. COMPENSATION FOR EMPLOYEES IS TO ALIGN WITH SLIPSTREAM'S 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 OF DIRECTORS AFTER THE COMMITTEE'S RECOMMENDATION. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2022, AND WILL BE PERFORMED AGAIN IN 2024. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL SERVICES: PROGRAM SERVICE EXPENSES 4,233,619. MANAGEMENT AND GENERAL EXPENSES 496,533. FUNDRAISING EXPENSES 22,931. TOTAL EXPENSES 4,753,083.