MIDWEST RENEWABLE ENERGY TRACKING SYSTEM INC: Form 990, tax year 2025
View the entire original 990 at ProPublica ↗
- Organization
- MIDWEST RENEWABLE ENERGY TRACKING SYSTEM INC (EIN 26-3251122)
- Tax period
- 2025-01-01 to 2025-12-31
- Filed
- 2026-05-14
- IRS object ID
- 202641349349305554
- Schema version
- 2025v4.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2026-05-14T11:43:38-05:00 | ReturnTs |
| Tax Period End | 2025-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 410746749 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CLIFTONLARSONALLEN LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 220 S 6TH STREET SUITE 300 | AddressLine1Txt |
| City | MINNEAPOLIS | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55402 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2025-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 263251122 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MIDWEST RENEWABLE ENERGY TRACKING | BusinessNameLine1Txt |
| Business Name Line2 | SYSTEM INC | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | MIDW | BusinessNameControlTxt |
| Phone | 6517893338 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 730 2ND AVE S SUITE 800 | AddressLine1Txt |
| City | MINNEAPOLIS | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55402 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | BEN GERBER | PersonNm |
| Person Title | PRESIDENT AND CEO | PersonTitleTxt |
| Phone | 6517893338 | PhoneNum |
| Signature | 2026-05-13 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | ANN NEIL | PreparerPersonNm |
| PTIN | P01817922 | PTIN |
| Phone | 6123764500 | PhoneNum |
| Preparation | 2026-05-13 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2025 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Change | Yes (X) | AddressChangeInd |
Doing Business As Name DoingBusinessAsName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CLEANCOUNTS | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | BEN GERBER | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 730 2ND AVE S SUITE 800 | AddressLine1Txt |
| City | MINNEAPOLIS | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55402 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $10,175,798 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | CLEANCOUNTS.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2008 | FormationYr |
| Legal Domicile State | WI | LegalDomicileStateCd |
| Activity Or Mission | SEE SCHEDULE O | ActivityOrMissionDesc |
| Voting Members Governing Body | 10 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 10 | VotingMembersIndependentCnt |
| Total Employee | 33 | TotalEmployeeCnt |
| Total Volunteers | 12 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $0 | PYContributionsGrantsAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $8,063,763 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $10,044,051 | CYProgramServiceRevenueAmt |
| PY Investment Income | $132,781 | PYInvestmentIncomeAmt |
| CY Investment Income | $131,733 | CYInvestmentIncomeAmt |
| PY Other Revenue | $0 | PYOtherRevenueAmt |
| CY Other Revenue | $14 | CYOtherRevenueAmt |
| PY Total Revenue | $8,196,544 | PYTotalRevenueAmt |
| CY Total Revenue | $10,175,798 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $0 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $2,364,008 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $4,170,499 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $4,045,143 | PYOtherExpensesAmt |
| CY Other Expenses | $5,120,623 | CYOtherExpensesAmt |
| PY Total Expenses | $6,409,151 | PYTotalExpensesAmt |
| CY Total Expenses | $9,291,122 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $1,787,393 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $884,676 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $7,438,075 | TotalAssetsBOYAmt |
| Total Assets EOY | $8,927,607 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $1,162,475 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $1,767,331 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $6,275,600 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $7,160,276 | NetAssetsOrFundBalancesEOYAmt |
| Mission | M-RETS VALIDATES THE ENVIRONMENTAL ATTRIBUTES OF ENERGY TO SERVE AS A TRUSTED CENTRALIZED GATEWAY TO ENVIRONMENTAL MARKETS. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $6,977,162 | ExpenseAmt |
| Grant | $0 | GrantAmt |
| Revenue | $10,044,051 | RevenueAmt |
| Desc | THE MIDWEST RENEWABLE ENERGY TRACKING SYSTEM (M-RETS) IS A NON-PROFIT 501 C (4) ORGANIZATION HEADQUARTERED IN MINNEAPOLIS, MINNESOTA. M-RETS IS A WEB-BASED SYSTEM USED BY POWER GENERATORS, UTILITIES, MARKETERS, AND QUALIFIED REPORTING ENTITIES. M-RETS REGISTERS PROJECTS IN ALL STATES AND PROVINCES ACROSS NORTH AMERICA. M-RETS TRACKS RENEWABLE ENERGY CERTIFICATES (RECS) AND RENEWABLE THERMAL CERTIFICATES (RTCS) AND FACILITATES REC AND RTC TRANSACTIONS BY ISSUING A UNIQUE, TRACEABLE DIGITAL CERTIFICATE FOR EVERY MEGAWATT-HOUR (MWH) OF RENEWABLE ENERGY GENERATED BY REGISTERED UNITS OR IMPORTED INTO ITS SYSTEM. M-RETS USERS RETIRE RECS AND RTCS TO COMPLY WITH STATE POLICY OR TO SERVE THE VOLUNTARY MARKET AND TO ENSURE THAT RECS ARE NOT DOUBLE-COUNTED. | Desc |
| Total Program Service Expenses | $6,977,162 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | 0 | DescribedInSection501c3Ind |
| Schedule B Required | 0 | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | Yes (1) | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 15 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 33 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 10 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 10 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BEN GERBER | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 6517893338 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 730 2ND AVE S SUITE 800 | AddressLine1Txt |
| City | MINNEAPOLIS | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55402 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (21 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|
| JIM JONES | |||||||
| CHAIR | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| BRIAN ROUNDS | |||||||
| VICE CHAIR | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| SANDRA NESSING | |||||||
| SECRETARY | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| ANGELA AMOS | |||||||
| TREASURER | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| RICHARD DIGIA | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| ANDY KELLEN | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| HOLLY LAHD | |||||||
| DIRECTOR (THRU 5/2025) | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| TYLER MEULEMANS | |||||||
| DIRECTOR (THRU 11/2025) | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| KEN NELSON | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| LUKE PENNE | |||||||
| DIRECTOR (THRU 11/2025) | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| ERIC SCHROEDER | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| LEANNE SHEWCHUK | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| MARK SILBERG | |||||||
| DIRECTOR (STARTED 11/25) | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| BEN GERBER | |||||||
| PRESIDENT AND CEO | 40.00 | Yes (X) | $262,070 | $0 | $18,873 | ||
| TANYA GAJEWSKA | |||||||
| CHIEF ADMINISTRATIVE OFFICER (THUR 9/25) | 40.00 | Yes (X) | $171,940 | $0 | $12,681 | ||
| TERI BYLANDER-PINKE | |||||||
| CHIEF OPERATIONS OFFICER | 40.00 | Yes (X) | $223,300 | $0 | $17,559 | ||
| JOHN PEACOCK | |||||||
| CHIEF INFORMATION AND TECHNOLOGY OFFICER | 40.00 | $214,467 | $0 | $16,792 | Yes (X) | ||
| STEVE TUCKNER | |||||||
| SOFTWARE ENGINEER IV | 40.00 | $180,508 | $0 | $13,897 | Yes (X) | ||
| JACKIE BALDWIN | |||||||
| SOFTWARE ENGINEER IV | 40.00 | $180,383 | $0 | $14,132 | Yes (X) | ||
| ROB DAVIS | |||||||
| CHIEF GROWTH OFFICER | 40.00 | $197,800 | $0 | $14,470 | Yes (X) | ||
| JUSTIN JOHNSON | |||||||
| SCRUM PRODUCT OWNER/BUSINESS ANALYSIS MANAGER | 40.00 | $157,300 | $0 | $12,347 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,587,768 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $120,751 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 19 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (2 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| TARMAC LLC | |||||
| 7 AZALEA DRIVE | KEY WEST | FL | 33040 | SOFTWARE DEVELOPMENT | $3,706,216 |
| AMAZON WEB SERVICES INC | |||||
| 410 TERRY AVENUE NORTH | SEATTLE | WA | 98109 | DATA STORAGE | $225,458 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 2 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp (5 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| RETIREMENT FEES | 525100 | $4,404,004 | $4,404,004 |
| ISSUANCE FEES | 525100 | $2,387,358 | $2,387,358 |
| STRATEGIC DEVELOPMENT | 525100 | $1,505,004 | $1,505,004 |
| SUBSCRIPTION FEES | 525100 | $1,384,821 | $1,384,821 |
| OTHER FEES | 525100 | $362,864 | $362,864 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $10,044,051 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $131,733 | TotalRevenueColumnAmt |
| Exclusion | $131,733 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | MISCELLANEOUS INCOME | Desc |
| Business | 900099 | BusinessCd |
| Total Revenue Column | $14 | TotalRevenueColumnAmt |
| Exclusion | $14 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $14 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $10,175,798 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $10,044,051 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $131,747 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | Yes (X) | InfoInScheduleOPartIXInd |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $706,423 | TotalAmt |
| Program Services | $266,895 | ProgramServicesAmt |
| Management And General | $439,528 | ManagementAndGeneralAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,975,801 | TotalAmt |
| Program Services | $2,212,945 | ProgramServicesAmt |
| Management And General | $762,856 | ManagementAndGeneralAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $162,071 | TotalAmt |
| Program Services | $136,810 | ProgramServicesAmt |
| Management And General | $25,261 | ManagementAndGeneralAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $326,204 | TotalAmt |
| Program Services | $230,322 | ProgramServicesAmt |
| Management And General | $95,882 | ManagementAndGeneralAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $100,074 | TotalAmt |
| Program Services | $72,930 | ProgramServicesAmt |
| Management And General | $27,144 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $22,102 | TotalAmt |
| Management And General | $22,102 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,053,742 | TotalAmt |
| Program Services | $2,840,927 | ProgramServicesAmt |
| Management And General | $212,815 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $194,330 | TotalAmt |
| Program Services | $3,518 | ProgramServicesAmt |
| Management And General | $190,812 | ManagementAndGeneralAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $348,973 | TotalAmt |
| Program Services | $348,973 | ProgramServicesAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $120,275 | TotalAmt |
| Management And General | $120,275 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $185,436 | TotalAmt |
| Program Services | $38,267 | ProgramServicesAmt |
| Management And General | $147,169 | ManagementAndGeneralAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $39,251 | TotalAmt |
| Program Services | $38,171 | ProgramServicesAmt |
| Management And General | $1,080 | ManagementAndGeneralAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $335 | TotalAmt |
| Management And General | $335 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $727,929 | TotalAmt |
| Program Services | $727,929 | ProgramServicesAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $76,841 | TotalAmt |
| Management And General | $76,841 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|
| COMMUNICATION | $174,859 | $10,950 | $163,909 |
| DUES AND SUBSCRIPTIONS | $51,578 | $48,373 | $3,205 |
| PROFESSIONAL DEVELOPMEN | $21,895 | $150 | $21,745 |
| LICENSES AND REGISTRATI | $1,512 | $1,512 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,491 | TotalAmt |
| Program Services | $2 | ProgramServicesAmt |
| Management And General | $1,489 | ManagementAndGeneralAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $9,291,122 | TotalAmt |
| Program Services | $6,977,162 | ProgramServicesAmt |
| Management And General | $2,313,960 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $105,606 | BOYAmt |
| EOY | $490,525 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,853,552 | BOYAmt |
| EOY | $3,573,543 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $868,955 | BOYAmt |
| EOY | $1,464,756 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $111,572 | BOYAmt |
| EOY | $152,724 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $4,876,156 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $1,825,330 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,498,390 | BOYAmt |
| EOY | $3,050,826 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $195,233 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,438,075 | BOYAmt |
| EOY | $8,927,607 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $663,303 | BOYAmt |
| EOY | $987,613 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $499,172 | BOYAmt |
| EOY | $573,292 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $206,426 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,162,475 | BOYAmt |
| EOY | $1,767,331 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,275,600 | BOYAmt |
| EOY | $7,160,276 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,275,600 | BOYAmt |
| EOY | $7,160,276 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,438,075 | BOYAmt |
| EOY | $8,927,607 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $884,676 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule D IRS990ScheduleD
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $4,876,156 | OtherCostOrOtherBasisAmt |
| Depreciation | $1,825,330 | DepreciationAmt |
| Book Value | $3,050,826 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $3,050,826 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | LEASE LIABILITY | Desc |
| Amt | $206,426 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $206,426 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $10,175,798 | TotalRevEtcAuditedFinclStmtAmt |
| Revenue Not Reported | $0 | RevenueNotReportedAmt |
| Revenue Subtotal | $10,175,798 | RevenueSubtotalAmt |
| Revenue Not Reported Fincl Stmt | $0 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $10,175,798 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $9,291,122 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Not Reported | $0 | ExpensesNotReportedAmt |
| Expenses Subtotal | $9,291,122 | ExpensesSubtotalAmt |
| Expenses Not Rpt Fincl Stmt | $0 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $9,291,122 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART X, LINE 2: | FormAndLineReferenceDesc |
| Explanation | M-RETS IS EXEMPT FROM INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(4) AND APPLICABLE MINNESOTA AND WISCONSIN STATUTES, EXCEPT TO THE EXTENT IT HAS TAXABLE INCOME THAT IS NOT RELATED TO ITS TAX EXEMPT PURPOSE. MANAGEMENT BELIEVES THERE ARE NO UNCERTAIN TAX POSITIONS. | ExplanationTxt |
Schedule F IRS990ScheduleF
Account Activities Outside US AccountActivitiesOutsideUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Region | NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES | RegionTxt |
| Offices | 0 | OfficesCnt |
| Employee | 0 | EmployeeCnt |
| Type Of Activities Conducted | PROGRAM SERVICES | TypeOfActivitiesConductedTxt |
| Specific Services Provided | ENERGY ATTRIBUTE TRACKING. | SpecificServicesProvidedTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Offices | 0 | SubtotalOfficesCnt |
| Subtotal Employees | 0 | SubtotalEmployeesCnt |
| Continuation Total Office | 0 | ContinuationTotalOfficeCnt |
| Continuation Total Employee | 0 | ContinuationTotalEmployeeCnt |
| Total Office | 0 | TotalOfficeCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Subtotal Spent | $0 | SubtotalSpentAmt |
| Continuation Spent | $0 | ContinuationSpentAmt |
| Total Spent | $0 | TotalSpentAmt |
| Transfer To Foreign Corp | 0 | TransferToForeignCorpInd |
| Interest In Foreign Trust | 0 | InterestInForeignTrustInd |
| Foreign Corp Ownership | 0 | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | 0 | PassiveForeignInvestmestCoInd |
| Foreign Partnership | 0 | ForeignPartnershipInd |
| Boycott Countries | 0 | BoycottCountriesInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | NO USE OF GRANT FUNDS OUTSIDE OF THE US | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (8 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| BEN GERBER | ||||||||||||||
| PRESIDENT AND CEO | $242,070 | $0 | $20,000 | $0 | $0 | $0 | $16,399 | $0 | $2,474 | $0 | $280,943 | $0 | $0 | $0 |
| TERI BYLANDER-PINKE | ||||||||||||||
| CHIEF OPERATIONS OFFICER | $223,300 | $0 | $0 | $0 | $0 | $0 | $15,085 | $0 | $2,474 | $0 | $240,859 | $0 | $0 | $0 |
| JOHN PEACOCK | ||||||||||||||
| CHIEF INFORMATION AND TECHNOLOGY OFF | $214,467 | $0 | $0 | $0 | $0 | $0 | $14,467 | $0 | $2,325 | $0 | $231,259 | $0 | $0 | $0 |
| ROB DAVIS | ||||||||||||||
| CHIEF GROWTH OFFICER | $197,800 | $0 | $0 | $0 | $0 | $0 | $12,192 | $0 | $2,278 | $0 | $212,270 | $0 | $0 | $0 |
| JACKIE BALDWIN | ||||||||||||||
| SOFTWARE ENGINEER IV | $180,383 | $0 | $0 | $0 | $0 | $0 | $12,081 | $0 | $2,051 | $0 | $194,515 | $0 | $0 | $0 |
| STEVE TUCKNER | ||||||||||||||
| SOFTWARE ENGINEER IV | $180,508 | $0 | $0 | $0 | $0 | $0 | $12,081 | $0 | $1,816 | $0 | $194,405 | $0 | $0 | $0 |
| TANYA GAJEWSKA | ||||||||||||||
| CHIEF ADMINISTRATIVE OFFICER (THUR 9 | $171,940 | $0 | $0 | $0 | $0 | $0 | $10,983 | $0 | $1,698 | $0 | $184,621 | $0 | $0 | $0 |
| JUSTIN JOHNSON | ||||||||||||||
| SCRUM PRODUCT OWNER/BUSINESS ANALYSI | $157,300 | $0 | $0 | $0 | $0 | $0 | $10,465 | $0 | $1,882 | $0 | $169,647 | $0 | $0 | $0 |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 1A | THE EXECUTIVE COMMITTEE IS RESPONSIBLE FOR CONVENING THE LEADERSHIP OF THE BOARD TO DEAL WITH MATTERS THAT MAY NOT BE ABLE TO WAIT UNTIL THE FULL BOARD OF DIRECTORS MEETS AND TO ADDRESS OTHER MATTERS REFERRED TO THE COMMITTEE BY THE FULL BOARD. THE VOTING MEMBERS OF THE COMMITTEE ARE THE OFFICERS, INCLUDING THE CHAIR, VICE CHAIR, TREASURER, SECRETARY, AND UP TO ONE AT-LARGE MEMBER. THE PRESIDENT AND CHIEF EXECUTIVE OFFICER IS A NON-VOTING EX-OFFICIO MEMBER. |
| FORM 990, PART VI, SECTION B, LINE 11B | CLEANCOUNTS BOARD OF DIRECTORS AND MANAGEMENT REVIEWS THE 990 PRIOR TO FILING IT WITH THE IRS. A REVIEW CONSISTS OF PROVIDING DRAFTS TO DIRECTORS AND MANAGEMENT FOR REVIEW AND INPUT AS WELL AS PRESENTATION AND DISCUSSION OF THE 990 AT THE APRIL BOARD OF DIRECTORS MEETING PRIOR TO FILING. |
| FORM 990, PART VI, SECTION B, LINE 12C | AS STIPULATED IN THE APPROVED ANNUAL BOARD MEETING CALENDAR, THE CONFLICT OF INTEREST FORMS WILL BE SIGNED EVERY YEAR AT THE ANNUAL MEETING. ALL DIRECTORS AND STAFF SIGNED A CONFLICT OF INTEREST POLICY FOR THE FY. MANAGEMENT RETAINS SIGNED DOCUMENTS ON FILE. THE BOARD MAINTAINS A FIDUCIARY DUTIES, ROLES AND EXPECTATIONS DOCUMENT FOR BOARD MEMBERS THAT STATES BOARD MEMBERS SHALL "ASCERTAIN THAT APPROPRIATE POLICIES HAVE BEEN ESTABLISHED TO DEFINE AND IDENTIFY CONFLICT OF INTEREST THROUGHOUT THE ORGANIZATION AND ENFORCE THOSE POLICIES." ALL REPRESENTATIVES OF THE M-RETS ARE COVERED BY THE POLICY. ANY TIME DECISIONS INVOLVE MATTERS IN WHICH A REPRESENTATIVE OR THEIR FAMILY IS INVOLVED, THE CHAIR OF THE BOARD IS NOTIFIED. ANY REPRESENTATIVE WITH A CONFLICT REFRAINS FROM VOTING OR USING PERSONAL INFLUENCE AT MEETINGS INVOLVING CONFLICTING MATTERS. CONFLICTS OF INTEREST ARE DETERMINED BY UNINTERESTED MEMBERS. ALL PERTINENT INFORMATION IN THE POSSESSION OF A CONFLICTED PARTY IS MADE AVAILABLE TO THE CHAIR OF THE BOARD AND DISCLOSED. PROCEEDINGS RESULTING FROM CONFLICT OF INTEREST DISCLOSURES ARE DOCUMENTED IN THE MEETING MINUTES OR AS OTHERWISE APPROPRIATE. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE EXECUTIVE COMMITTEE REVIEWS AND ESTABLISHES THE COMPENSATION FOR THE CHIEF EXECUTIVE. SALARY COMPARISON TOOLS AND RESOURCES ARE USED TO CONSIDER COMPETITIVE BUT MARKET COMPENSATION. THE CHIEF EXECUTIVE DETERMINES THE COMPENSATION OF ALL OTHER EMPLOYEES AND ALSO USES SALARY COMPARISON TOOLS AND RESOURCES IN THE DELIBERATION. IN 2024, SALARY.COM COMP ANALYSIS TOOL WAS PURCHASED FOR COMPARISON OF SALARIES BASED ON SIMILAR MARKET INCLUDING SIZE OF THE ORGANIZATION IN STAFF AND INCOME AS WELL AS THE TYPE OF INDUSTRY. STAFF COMPENSATION IS APPROVED BY THE PRESIDENT AND CEO AND THEN THE BOARD OF DIRECTORS AS A PART OF THE BUDGET APPROVAL EACH YEAR. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2025. |
| FORM 990, PART VI, SECTION C, LINE 19 | GOVERNING DOCUMENTS INCLUDING THE CONFLICT OF INTEREST POLICY IS ON THE WEBSITE. FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. |
| FORM 990, PART IX, LINE 11G | SYSTEM ADMINISTRATION: PROGRAM SERVICE EXPENSES 2,781,714. MANAGEMENT AND GENERAL EXPENSES 20,400. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,802,114. CONSULTING FEES: PROGRAM SERVICE EXPENSES 59,213. MANAGEMENT AND GENERAL EXPENSES 166,877. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 226,090. OTHER FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 25,538. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 25,538. |
| FORM 990, PART XII, LINE 2C: | THERE HAS BEEN NO CHANGE IN THE COMMITTEE'S PROCESS FOR REVIEWING THE ORGANIZATION'S FINANCIAL STATEMENTS. |