2024-11-14T10:26:04-06:00 2023-12-31 410746749 CLIFTONLARSONALLEN LLP 20 EAST THOMAS ROAD SUITE 2300 PHOENIX AZ 85012 990 2023-01-01 263542537 GROWTH ENERGY GROW 2025454000 1401 I ST NW 1220 WASHINGTON DC 20005 EMILY SKOR CHIEF EXECUTIVE OFFICER 2025454000 2024-11-13 1 1 JACQUELINE ECKMAN P01300648 6022662248 2024-11-13 2023 2024-10-15 13:58:12Z X EMILY SKOR 1401 I ST NW 1220 WASHINGTON DC 20005 27188903 0 1 X WWW.GROWTHENERGY.ORG X 2008 DC TO PROMOTE ETHANOL AS A SUSTAINABLE, CLEAN AND RENEWABLE ENERGY SOURCE. 10 10 27 13 0 0 6217326 3465808 21588393 23507847 14719 0 328884 215248 28149322 27188903 811855 300000 0 0 6331095 7212479 0 0 0 16378146 21690686 23521096 29203165 4628226 -2014262 11658921 13550267 2867435 6773043 8791486 6777224 TO PROMOTE ETHANOL AS A SUSTAINABLE, CLEAN AND RENEWABLE ENERGY SOURCE. 0 0 PUBLIC RELATIONS -NEWS RELEASES, INTERVIEWS, BLOGGING, MEDIA (PAID AND EARNED), RESPONSE TO NEGATIVE MEDIA, EVENTS MARKETING, ETC. LOBBYING - ADVOCATE FOR PRO-ETHANOL LEGISLATION AND REGULATION AT THE FEDERAL AND STATE LEVEL. MARKET DEVELOPMENT -RETAILER PROMOTIONS, MARKETING AND EDUCATION 0 1 0 1 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 78 0 27 1 0 0 0 0 0 0 0 0 0 0 X 10 10 0 0 0 0 1 1 0 1 0 0 0 1 1 1 1 1 1 1 0 0 X MATTHEW DOOLEY 7192874174 1401 I ST NW SUITE 1220 WASHINGTON DC 20003 DAN SANDERS CHAIRMAN 2.00 X X 0 0 0 TOM WILLIS TREASURER 1.00 X X 0 0 0 DAVE ZIMMERMAN DIRECTOR 1.00 X 0 0 0 JEFF BROIN DIRECTOR 1.00 X 0 0 0 DARRELL MARQUIS DIRECTOR 1.00 X 0 0 0 NATHAN VANDERGRIEND DIRECTOR 1.00 X 0 0 0 RAY BRADBURY DIRECTOR 1.00 X 0 0 0 RICK SCHWARCK DIRECTOR 1.00 X 0 0 0 ROD HARRIS DIRECTOR 1.00 X 0 0 0 SCOTT PITSTICK DIRECTOR 1.00 X 0 0 0 EMILY SKOR CEO 40.00 X 994999 0 25112 JOE KAKESH SECRETARY 40.00 X 368148 0 19243 BEN BUTTERFIELD CONTROLLER 40.00 0.10 X 194979 0 11871 MITCH MILLER VICE CHAIRMAN 1.00 X 0 0 0 ELIZABETH FUNDERBURK VP OF COMMUNICATIONS 40.00 X 422783 0 13085 CHRIS BLILEY SVP OF REGULATORY AFFAIRS 40.00 0.10 X 368351 0 20722 KELLY MANNING SVP OF MEMBER DEVELOPMENT 40.00 X 309043 0 17764 MIKE LORENZ SVP OF GLOBAL MARKETS 40.00 X 465933 0 1800 3124236 0 109597 21 0 1 0 CULLEN & ROSE MARKETING CONSULTANTS 69 SHAKER RD NEW CANANN CT 06840 CONSULTING 2844545 NASCAR PO BOX 2875 DAYTONA BEACH FL 32120 ADVERTISING 2000000 PLUS COMMUNICATIONS LLC PO BOX 16504 ALEXANDRIA VA 22302 CONSULTING 1670529 RICHARD CHILDRESS RACING PO BOX 1189 WELCOME NC 27374 ADVERTISING 1221728 ARNOLD & PORTER PO BOX 719451 PHILADELPHIA PA 19171 LEGAL CONSULTING 855820 10 3465808 3465808 MEMBERSHIP DUES 900099 22054291 22054291 CONFERENCE REVENUE 541900 1453556 1453556 23507847 OTHER INCOME 900099 139199 139199 GAIN ON LEASE TERMINATION 532000 76049 76049 215248 27188903 23723095 0 0 300000 1614352 4630716 178293 432602 356516 2783108 65604 1842362 973090 2324796 680835 819210 732535 70228 COMMUNICATIONS 7126943 SPONSOR ACTIVATION 3655342 HIGHER BLENDS DEVELOPME 566633 BAD DEBT 50000 29203165 8151515 5675798 2539084 3752354 250635 269371 569917 498222 108686 71695 10000 10000 599001 3771049 11658921 13550267 2111263 2093022 258109 900336 498063 3779685 2867435 6773043 X 8624139 6510933 167347 266291 8791486 6777224 11658921 13550267 X -2014262 0 X X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 2369137 2369137 0 0 1 0 369305 369228 77 200612 128994 71618 71695 DEPOSITS 176987 ASSETS HELD FOR OTHERS 265370 RIGHT-OF-USE ASSET - OPERATING 3328692 3771049 OTHER LIABILITIES 265370 LEASE LIABILITY - OPERATING 3514315 3779685 X PART X, LINE 2: GROWTH ENERGY IS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE AND APPLICABLE STATE STATUTES AND GENERALLY IS NOT SUBJECT TO INCOME TAX. THE ORGANIZATION FOLLOWS THE INCOME TAX STANDARD FOR UNCERTAIN TAX POSITIONS. UNDER THIS POLICY, THE ORGANIZATION HAS NOT RECOGNIZED A LIABILITY FOR UNCERTAIN TAX POSITIONS. NORTH AMERICA 1 1 PROGRAM SERVICES CONSULTING ON FOREIGN GOVERNMENT RELATIONS 84642 1 1 0 0 1 1 84642 0 84642 0 0 0 0 0 0 1 NATIONAL FFA FOUNDATION PO BOX 68960 INDIANAPOLIS IN 46268 546044662 501(C)(3) 125000 0 UNRESTRICTED SEEDS OF CHANGE FOUNDATION 4615 N LEWIS AVENUE SIOUX FALLS SD 57104 471654423 501(C)(3) 100000 0 UNRESTRICTED VAIL VETERANS PROGRAM PO BOX 6473 VAIL CO 81658 205254885 501(C)(3) 25000 0 UNRESTRICTED FOLDS OF HONOR FOUNDATION DEPARTMENT 13 TULSA OK 74182 753240683 501(C)(3) 25000 0 UNRESTRICTED PIVOT CLEAN ENERGY CO 3209 REDSTONE ROAD BOULDER CO 80305 844162209 501(C)(3) 25000 0 UNRESTRICTED PART I, LINE 2: THE GROWTH ENERGY CARES PROGRAM GIVES TO ORGANZATIONS CONSISTENT WITH OUR INDUSTRY'S MISSION. X 1 1 X X X 0 0 0 EMILY SKOR CEO 747499 0 225000 0 22500 0 23312 0 1800 0 1020111 0 0 0 MIKE LORENZ SVP OF GLOBAL MARKETS 383433 0 82500 0 0 0 0 0 1800 0 467733 0 0 0 ELIZABETH FUNDERBURK VP OF COMMUNICATIONS 346208 0 54075 0 22500 0 11285 0 1800 0 435868 0 0 0 CHRIS BLILEY SVP OF REGULATORY AFFAIRS 300021 0 45829 0 22501 0 18922 0 1800 0 389073 0 0 0 JOE KAKESH SECRETARY 299697 0 45951 0 22500 0 17443 0 1800 0 387391 0 0 0 KELLY MANNING SVP OF MEMBER DEVELOPMENT 231176 0 61903 0 15964 0 15964 0 1800 0 326807 0 0 0 BEN BUTTERFIELD CONTROLLER 169576 0 25403 0 0 0 10071 0 1800 0 206850 0 0 0 PART I, LINE 1A WHEN BUSINESS-CLASS IS UNAVAILABLE, FIRST-CLASS MAY BE BOOKED. FORM 990, PART VI, SECTION A, LINE 6 THE CORPORATION'S MEMBERS WILL BE COMPRISED OF THREE CLASSES: 1. PRODUCER MEMBERS: PRODUCER MEMBERS CONSIST OF THOSE MEMBERS THAT: (I) PRODUCE IN THE UNITED STATES FOR SALE OR DISTRIBUTION FUEL ETHANOL IN EXCESS OF 1 MILLION GALLONS PER YEAR; (II) EXECUTE A MEMBERSHIP AGREEMENT AND PAY THE FULL DUES REQUIRED OF PRODUCER MEMBERS BY THE POLICIES ADOPTED BY THE BOARD; AND (III) ARE APPROVED AS A PRODUCER MEMBER BY THE BOARD. PRODUCER MEMBERS IN GOOD STANDING WITH THE CORPORATION HAVE THE RIGHT TO VOTE ONLY TO ELECT OR REMOVE DIRECTORS REPRESENTING PRODUCER MEMBERS TO OR FROM THE BOARD. PRODUCER MEMBERS HAVE NO OTHER VOTING RIGHTS AS MEMBERS. 2. ASSOCIATE MEMBERS: ASSOCIATE MEMBERS CONSIST OF THOSE MEMBERS THAT: (I) DO NOT PRODUCE IN THE UNITED STATES FOR SALE OR DISTRIBUTION FUEL ETHANOL IN EXCESS OF 1 MILLION GALLONS PER YEAR; (II) EXECUTE A MEMBERSHIP AGREEMENT AND PAY THE FULL DUES REQUIRED OF ASSOCIATE MEMBERS BY THE POLICIES ADOPTED BY THE BOARD; (III) ARE DEEMED BY THE BOARD, IN ITS DISCRETION, TO BE ENGAGED IN A BUSINESS ACTIVITY WITH A SUFFICIENT NEXUS TO THE FUEL ETHANOL INDUSTRY; AND (IV) ARE APPROVED AS AN ASSOCIATE MEMBER BY THE BOARD. ASSOCIATE MEMBERS DO NOT HAVE THE RIGHT TO VOTE AS MEMBERS. 3. INDIVIDUAL MEMBERS: INDIVIDUAL MEMBERS CONSIST OF HUMAN BEINGS THAT: (I) DO NOT PRODUCE IN THE UNITED STATES FOR SALE OR DISTRIBUTION FUEL ETHANOL; (II) PAY THE FULL DUES REQUIRED OF INDIVIDUAL MEMBERS BY THE POLICIES ADOPTED BY THE BOARD (WHICH DUES SHALL BE $15.00 PER ANNUM UNLESS AND UNTIL CHANGED BY THE BOARD); (III) ARE DEEMED BY THE BOARD, IN ITS DISCRETION, TO SUPPORT THE FUEL ETHANOL INDUSTRY; AND (IV) ARE APPROVED AS AN INDIVIDUAL MEMBER IN ACCORDANCE WITH THE POLICIES ADOPTED BY THE BOARD. THE RIGHTS AND BENEFITS OF INDIVIDUAL MEMBERS SHALL BE LIMITED TO THOSE SPECIFIED FROM TIME TO TIME BY THE BOARD IN ITS DISCRETION; PROVIDED, HOWEVER, THAT INDIVIDUAL MEMBERS SHALL IN ANY EVENT (A) NOT HAVE THE RIGHT TO VOTE AS MEMBERS OR TO ATTEND OR PARTICIPATE IN MEETINGS OF MEMBERS (EXCEPT AS MAY BE PROVIDED FROM TIME TO TIME BY THE BOARD IN ITS DISCRETION), AND (B) NOT BE CONSIDERED "MEMBERS" WITHIN THE MEANING OF SUCH TERM FOR ANY PURPOSE OR REQUIREMENT UNDER ANY PROVISION (OTHER THAN THIS SECTION 2.01 AND ARTICLE VIII OF THE BYLAWS OR ANY PROVISION OF THE ACT, INCLUDING BUT NOT LIMITED TO ANY VOTING, NOTICE OR QUORUM REQUIREMENT OR OTHER PROVISION OF THESE BYLAWS OR THE ACT. AN INDIVIDUAL MEMBER MAY RESIGN ITS MEMBERSHIP IN THE CORPORATION BY WRITTEN NOTICE TO THE CORPORATION. IF ANY INDIVIDUAL MEMBER IS DEEMED BY THE BOARD, IN ITS DISCRETION, NO LONGER TO SUPPORT THE FUEL ETHANOL INDUSTRY, THE CORPORATION MAY TERMINATE THAT INDIVIDUAL MEMBER'S MEMBERSHIP IN THE CORPORATION UPON WRITTEN NOTICE TO THE INDIVIDUAL MEMBER. IF ANY INDIVIDUAL MEMBER FAILS TO PAY DUES OR OTHER AMOUNTS OWED TO THE CORPORATION WITHIN THIRTY (30) DAYS AFTER WRITTEN NOTICE THEREOF BY THE CORPORATION, THE CORPORATION MAY TERMINATE THAT INDIVIDUAL MEMBER'S MEMBERSHIP IN THE CORPORATION UPON WRITTEN NOTICE TO THE INDIVIDUAL MEMBER. UPON TERMINATION OF MEMBERSHIP, WHETHER VOLUNTARY OR COMPULSORY, AN INDIVIDUAL MEMBER WILL NOT RECEIVE A REFUND OF PREVIOUSLY PAID DUES AND WILL REMAIN OBLIGATED TO PAY ALL AMOUNTS DUE THROUGH THE DATE OF TERMINATION. FORM 990, PART VI, SECTION A, LINE 7A PRODUCER MEMBERS HAVE THE RIGHT TO VOTE TO ELECT OR REMOVE PRODUCING DIRECTORS TO OR FROM THE BOARD. PRODUCER MEMBERS HAVE NO OTHER VOTING RIGHTS AS MEMBERS. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES THAT HAVE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT COPY OF THE FORM 990 IS DELIVERED TO THE ORGANIZATION'S CONTROLLER. THE CONTROLLER ALONG WITH THE CEO PERFORM A DETAIL REVIEW OF THE DRAFT FORM 990. A FINAL DRAFT IS PROVIDED TO THE FULL BOARD FOR THEIR REVIEW PRIOR TO FILING WITH THE IRS. THE CONTROLLER ALONG WITH THE TREASURER AND FINANCE COMMITTEE PERFORM A DETAIL REVIEW OF THE DRAFT. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION'S CONFLICT OF INTEREST POLICY COVERS OFFICERS AND EMPLOYEES. IT IS THE RESPONSIBILITY OF EACH COVERED PERSON TO DISCLOSE ANY TRANSACTION OR RELATIONSHIP THAT REASONABLY COULD BE EXPECTED TO GIVE RISE TO A CONFLICT OF INTEREST TO THE CHIEF OPERATING OFFICER AND/OR THE CONTROLLER, OR, IF AN EXECUTIVE OFFICER, TO THE BOARD OF DIRECTORS, WHO SHALL BE RESPONSIBLE FOR DETERMINING WHETHER SUCH TRANSACTION OR RELATIONSHIP CONSTITUTES A CONFLICT OF INTEREST. A RECORD OF ALL REPORTS RECEIVED WILL BE PROVIDED TO THE AUDIT COMMITTEE EACH FISCAL QUARTER. GROWTH ENERGY SENT EACH COVERED PERSON A COPY OF GROWTH ENERGY'S CONFLICTS OF INTEREST POLICY TO REVIEW, SIGN AND RETURN TO GROWTH ENERGY. FORM 990, PART VI, SECTION B, LINE 15A IN ORDER TO ESTABLISH THE COMPENSATION OF THE CEO, A COMMITTEE OF THE BOARD OF DIRECTORS COMPARES CEO AND OTHER TOP MANAGEMENT OFFICIAL SALARY DATA TO SIMILAR ORGANIZATIONS. THE COMPENSATION IS THEN APPROVED BY A BOARD COMMITTEE. DOCUMENTATION OF THESE DECISIONS ARE KEPT AT THE PRINCIPAL EXECUTIVE OFFICE AS WELL AS COPIES OF RECORDS OF ALL PROCEEDINGS OF THE BOARD AND BOARD COMMITTEES. THIS PROCESS WAS MOST RECENTLY UNDERTAKEN IN 2023. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. THE ORGANIZATION DOES NOT MAKE ITS CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC. FORM 990, PART XII, LINE 2C THE ORGANIZATION DID NOT CHANGE ITS OVERSIGHT OR SELECTION PROCESS DURING THE TAX YEAR. FORM 990, PART XI, LINE 9 DUE TO AN EARLY TERMINATION OF THE LEASE IN DECEMBER 2023, THE LEASEHOLD IMPROVEMENTS ASSOCIATED WITH THIS LEASE WERE REDUCED BY 80% OF ITS NET BOOK VALUE OF $174,154 PRIOR TO TERMINATION. THE NET BOOK VALUE AS OF DECEMBER 31, 2023 IS $0. GROWTH ENERGY PAC 701 8TH STREET NW SUITE 450 WASHINGTON DC 20001 371594802 POLITICAL FUND DC 527 N/A GROWTH ENERGY 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 1 0