2025-11-13T10:16:52-06:00 2024-12-31 410746749 CLIFTONLARSONALLEN LLP 8215 GREENWAY BOULEVARD SUITE 600 MIDDLETON WI 53562 990 2024-01-01 391356152 SLIPSTREAM GROUP INC SLIP 6082499322 431 CATALYST WAY MADISON WI 53719 SANDRA HENRY PRESIDENT/CEO 6082499322 2025-11-03 1 1 LAURA SCHWEITZER CPA P01760010 6086628600 2025-10-30 2024 2025-03-06 01:10:19Z SANDRA HENRY 431 CATALYST WAY MADISON WI 53719 41062264 0 X SLIPSTREAMINC.ORG X 1980 WI ACCELERATE CLIMATE SOLUTIONS FOR EVERYONE. 14 14 199 17 0 0 4447018 5749419 40548386 34540937 821474 767294 14376 4614 45831254 41062264 0 1750 0 0 14243859 15768353 0 0 1804055 32978156 27068230 47222015 42838333 -1390761 -1776069 42162320 32131787 28233332 19915379 13928988 12216408 X ACCELERATING CLIMATE SOLUTIONS FOR EVERYONE. SLIPSTREAM FOCUSES ON ENERGY EFFICIENCY IN THE BUILT ENVIRONMENT. WE ARE FOCUSED ON INCREASING THE SPEED AND SCALE OF CLIMATE MITIGATION AND RESILIENCE IN THE BUILT ENVIRONMENT FOR ALL COMMUNITIES. SLIPSTREAM MEASURES OUR MISSION IMPACT IN GREENHOUSE GAS REDUCTIONS, ENERGY SAVINGS, INNOVATION, AND HEALTH. 0 0 20422443 1750 23742866 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. 3908240 0 1870690 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. 3504854 0 5453790 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. 3359382 0 3473591 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. 3359382 0 3473591 31194919 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 1 107 0 1 199 1 0 0 0 0 0 0 0 0 0 0 0 0 X 14 14 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 LORI PETERSON CHAIR 1.00 X X 0 0 0 CHARLES HUA VICE CHAIR 1.00 X X 0 0 0 KATHERINE HAMMACK PAST CHAIR 1.00 X X 0 0 0 BRYAN VAN STIPPEN DIRECTOR 1.00 X 0 0 0 DENEINE POWELL 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 KELLY CAIN DIRECTOR 1.00 X 0 0 0 KELLY MEISSNER DIRECTOR 1.00 X 0 0 0 MICHAEL BONERTZ DIRECTOR 1.00 X 0 0 0 MCKENNA DUNBAR DIRECTOR 1.00 X 0 0 0 OWEN HULL 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 TANIA IBARRA DIRECTOR 1.00 X 0 0 0 VALERIA RINCON DIRECTOR 1.00 X 0 0 0 VANESSA FARLEY DIRECTOR 1.00 X 0 0 0 SANDRA HALL HENRY PRESIDENT & CEO 40.00 X 230247 0 26012 KATRINA KELLER VP OPERATIONS/CFO 40.00 X 171629 0 7749 TIMOTHY MATHISON GENERAL COUNSEL MAG DIR 40.00 X 117150 0 5104 PATTI PHILLIPS ADVANCEMENT OFFICER 40.00 X 144820 0 16325 BENJAMIN HEYMER DIRECTOR OF ENGINEERING 40.00 X 138648 0 6890 SCOTT HACKEL VP OF RESEARCH 40.00 X 142517 0 23461 HEIDI GORRILL CHIEF PROGRAM OFFICER 40.00 X 151788 0 6590 MARGARET COWAN DIRECTOR OF WORKFORCE DEV 40.00 X 139266 0 5998 1236065 0 98129 28 0 1 0 EMPIRE SOLAR SOLUTIONS 2-8 JOHNES ST NEWBURGH NY 12550 IMPLEMENT ENERGY EFFICIENCY PROGRAMS 9495860 EMPOWER CES LLC 999 STEWART AVE BETHPAGE NY 11714 IMPLEMENT ENERGY EFFICIENCY PROGRAMS 4442622 BROOKLYN SOLARWORKS LLC 200 6TH STREET SUITE 3G BROOKLYN NY 11215 IMPLEMENT ENERGY EFFICIENCY PROGRAMS 3163548 GREEN TEAM LI 332B DANTE CT HOLBROOK NY 11741 IMPLEMENT ENERGY EFFICIENCY PROGRAMS 2892235 NYS ESSENTIAL POWER INC 333 SMITH RD SHIRLEY NY 11967 IMPLEMENT ENERGY EFFICIENCY PROGRAMS 2686753 87 5386153 363266 5749419 EFFICIENCY AT SCALE 541900 23742866 23742866 FINANCING FOR A LOW-CARBON FUTURE 541900 5453790 5453790 TRAINING & EDUCATION 541900 3473591 3473591 EMERGING TECHNOLOGIES & HUMAN FAC 541900 1870690 1870690 34540937 763054 763054 4240 0 4240 4240 4240 MISCELLANEOUS REVENUE 900099 4614 4614 4614 41062264 34540937 0 771908 X 1750 1750 557891 21200 529582 7109 12525207 6260536 4981183 1283488 476542 242912 183616 50014 1241191 615995 498192 127004 967522 473894 395855 97773 31997 15595 14455 1947 79653 38823 35984 4846 10318 10318 5939643 5270166 646413 23064 289511 231539 5600 52372 388391 170003 195747 22641 2234982 1174856 1042720 17406 398316 4227 394089 450117 209595 198367 42155 290008 141350 131014 17644 59990 29239 27101 3650 223275 215264 8011 225303 109813 101783 13707 ENERGY EFFICIENT INCENT 15933492 15933277 215 BAD DEBT EXPENSE 219402 106937 99117 13348 CREDIT BUREAU SERVICES 128091 62432 57866 7793 MISC. EXPENSE 94680 46145 42775 5760 71061 34635 32103 4323 42838333 31194919 9839359 1804055 209590 2453117 20067720 9887929 13569061 10484993 377623 220386 344890 405401 11130647 6683496 4564200 4447151 1161617 1308361 1867619 2924449 42162320 32131787 4424756 5679797 587640 232195 1712197 1508046 21508739 12495341 28233332 19915379 X 13444248 11879260 484740 337148 13928988 12216408 42162320 32131787 -1776069 63489 0 X 0 1 X 1 1 1 X 1808663 6312087 2615202 4447018 5749419 20932389 1808663 6312087 2615202 4447018 5749419 20932389 20932389 443919 407007 580956 1077152 763054 3272088 1081884 614 14716 4613 1101827 25306304 199904892 0.82720 0.79820 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. 2024 AMOUNT: $ 4,613. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5257593 2938322 2319271 2141181 2045369 95812 3731873 1699805 2032068 4447151 RIGHT-OF-USE ASSET, NET 2924449 2924449 DEPOSIT LIABILITY 7789618 LEASE LIABILITY 3051981 UNCLAIMED PROPERTY 20766 OTHER LIABILITY EFS PACE 1632976 12495341 X 41115435 63489 63489 41051946 10318 10318 41062264 42828015 0 42828015 10318 10318 42838333 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, 2024 AND 2023. X X X X 0 0 0 0 0 0 0 0 0 SANDRA HALL HENRY PRESIDENT & CEO 230247 0 0 0 0 0 9428 0 16584 0 256259 0 0 0 KATRINA KELLER VP OPERATIONS/CFO 171629 0 0 0 0 0 6901 0 848 0 179378 0 0 0 SCOTT HACKEL VP OF RESEARCH 142517 0 0 0 0 0 5894 0 17567 0 165978 0 0 0 PATTI PHILLIPS ADVANCEMENT OFFICER 144820 0 0 0 0 0 2724 0 13601 0 161145 0 0 0 HEIDI GORRILL CHIEF PROGRAM OFFICER 151788 0 0 0 0 0 6141 0 449 0 158378 0 0 0 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, CHARLES HUA. JOHN EHRMANN, AND INGRID MATTSON. FORM 990, PART VI, SECTION A, LINE 2 INGRID MATTSSON (BOARD MEMBER) HAS A BUSINESS RELATIONSHIP WITH KELLY CAIN (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 2023, AND WILL BE PERFORMED AGAIN IN 2025. 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 5,270,166. MANAGEMENT AND GENERAL EXPENSES 646,413. FUNDRAISING EXPENSES 23,064. TOTAL EXPENSES 5,939,643.