2025-11-14T09:46:21-06:00 2024-12-31 390859910 BAKER TILLY ADVISORY GROUP LP 225 S 6TH ST 2300 MINNEAPOLIS MN 55402 990 2024-01-01 812294812 CLEAN ENERGY ECONOMY MINNESOTA CLEA 6127439157 4808 10TH AVENUE S MINNEAPOLIS MN 55417 GREGG MAST EXECUTIVE DIRECTOR 6127439157 2025-11-11 1 1 KAREN A GRIES P00078514 6128764500 2025-11-11 2024 2025-03-06 01:10:19Z GREGG MAST 4808 10TH AVENUE S MINNEAPOLIS MN 55417 1610940 0 X WWW.CLEANENERGYECONOMYMN.ORG X 2016 MN TO PROVIDE EDUCATIONAL LEADERSHIP, COLLABORATION, AND POLICY ANALYSIS THAT ACCELERATES CLEAN ENERGY MARKET GROWTH AND SMART ENERGY POLICIES. 11 10 6 11 0 0 1063326 1610940 0 0 0 0 0 0 1063326 1610940 0 0 0 0 508471 546056 0 0 74282 383738 1127647 892209 1673703 171117 -62763 247627 201456 60714 77306 186913 124150 X TO PROVIDE EDUCATIONAL LEADERSHIP, COLLABORATION, AND POLICY ANALYSIS THAT ACCELERATES CLEAN ENERGY MARKET GROWTH AND SMART ENERGY POLICIES. 1 0 738242 0 0 MINNESOTA ENERGY ALLEY:CEEM CONTINUED TO SERVE AS FISCAL SPONSOR FOR GRID CATALYST. THE FISCAL SPONSORSHIP IS TO SUPPORT GRID CATALYST'S EFFORTS IN BUILDING A STRONGER AND MORE EQUITABLE INNOVATION ECOSYSTEM IN MINNESOTA AND THE MIDWEST FOR ENERGY AND CLIMATE TECHNOLOGIES. ALSO, IN 2024, CEEM, ITS SUBCONTRACTOR GRID CATALYST, AND PARTNER, THE MINNESOTA DEPARTMENT OF COMMERCE, MADE SIGNIFICANT STRIDES WITH THE MINNESOTA ENERGY ALLEY INITIATIVE. THE $3 MILLION DOLLAR APPROPRIATION FROM THE MINNESOTA LEGISLATURE FOR MINNESOTA ENERGY ALLEY IS TO ESTABLISH AND SUPPORT THE INITIATIVE, PROVIDE SEED FUNDING FOR BUSINESSES, DEVELOP A TRAINING AND DEVELOPMENT PROGRAM, SUPPORT RECRUITMENT OF ENTREPRENEURS TO MINNESOTA, AND SECURE FUNDING FROM FEDERAL PROGRAMS AND CORPORATE PARTNERS TO ESTABLISH A SELF-SUSTAINING, LONG-TERM REVENUE MODEL. IN ITS FIRST FULL YEAR OF PROGRAMMING IN 2024, CEEM AND MINNESOTA ENERGY ALLEY PARTNERS WERE PROUD TO HAVE ACHIEVED SEVEN PILOT PROJECTS, THREE STARTUPS SELECTED FOR MAJOR U.S. DEPARTMENT OF ENERGY GRANTS, SIX COMPANIES WERE SELECTED FOR THE 2024 DEMONSTRATION COHORT, HOSTED TEN ECOSYSTEM BUILDING AND EDUCATION EVENTS, 31 INNOVATORS NETWORK PARTNERS WERE ON-BOARDED, $615,000 COMMITTED IN PILOT FUNDS, AND OVER $40 MILLION IN INVESTMENTS HAVE BEEN ATTRACTED BY GRID CATALYST PROGRAM STARTUPS. 318329 0 0 STATE POLICY ANALYSIS:CEEM, WORKING ALONGSIDE ITS BUSINESS MEMBERS, BUILT UPON THE HISTORIC AND UNPRECEDENTED 2023 MINNESOTA LEGISLATIVE SESSION FOR CLIMATE AND ENERGY POLICY WITH SIGNIFICANT POLICY WINS AND FORWARD PROGRESS IN 2024. HEADING INTO THE 2024 LEGISLATIVE SESSION, CEEM'S FOUR PRIORITY POLICY OBJECTIVES WERE 1.) ADVANCE SMART IMPLEMENTATION 2.) PERMITTING REFORM 3.) EXPAND TRANSMISSION AND 4.) SUPPORT INCREASED AND TIMELY INTERCONNECTION. CLEAN ENERGY PERMITTING REFORM WAS ONE OF THE MOST SUBSTANTIAL ENERGY AND ECONOMIC DEVELOPMENT POLICIES PASSED IN THE 2024 LEGISLATIVE SESSION. PERMITTING REFORM IS ESSENTIAL TO MINNESOTA'S LAW OF ACHIEVING 100% CARBON-FREE ELECTRICITY BY 2040. CEEM PLAYED A CRUCIAL ROLE IN EDUCATING POLICYMAKERS RESULTING IN THE PASSAGE OF THE ENERGY INFRASTRUCTURE PERMITTING ACT THAT STREAMLINES THE PERMITTING PROCESS FOR LARGE-SCALE ENERGY PROJECTS AT THE MINNESOTA PUBLIC UTILITIES COMMISSION (PUC). THIS LEGISLATION REDUCES BUREAUCRATIC REDUNDANCIES AND IMPROVES EFFICIENCIES, FACILITATING THE TIMELY DEVELOPMENT OF WIND, SOLAR, AND BATTERY STORAGE PROJECTS. THESE REFORMS ARE VITAL FOR OVERCOMING THE LARGEST ROADBLOCK TO RENEWABLE ENERGY DEPLOYMENT, DEMONSTRATING MINNESOTA'S COMMITMENT TO EMBRACING THE CLEAN ENERGY TRANSITION AND UNLOCKING ITS FULL POTENTIAL. ANOTHER POLICY WIN FOR THE ORGANIZATION RELIEVES GRID CONGESTION AND REQUIRES UTILITIES TO EVALUATE GRID ENHANCING TECHNOLOGIES (GETS) ON HIGHLY CONGESTED LINES. GETS INCLUDE DYNAMIC LINE RATING, POWER-FLOW CONTROL DEVICES, AND ANALYTICAL TOOLS THAT REDUCE THE NEED FOR NEW INFRASTRUCTURE AND SUPPORT THE INTEGRATION OF RENEWABLES AND MAXIMIZE THE GRID'S CURRENT CAPACITY. ANOTHER ESSENTIAL PIECE OF ENERGY INFRASTRUCTURE COMPLETED IN THIS SESSION WITH CEEM'S EDUCATION EFFORTS INCLUDED ALLOWING THE CO-LOCATION OF UTILITY AND HIGH-VOLTAGE TRANSMISSION INFRASTRUCTURE IN EXISTING TRANSPORTATION CORRIDORS, LIKE HIGHWAYS AND INTERSTATES, TO SPEED DEVELOPMENT THAT IS CRITICAL FOR THE CLEAN ENERGY TRANSITION. ADDITIONAL POLICIES THAT CEEM LED AND/OR SUPPORTED THAT WERE PASSED INTO LAW INCLUDED UPDATES TO COMMERCIAL PROPERTY ASSESSED CLEAN ENERGY (C-PACE), INTERCONNECTION REFORMS FOR DISTRIBUTED GENERATION, UPDATES TO STREAMLINE THE IMPLEMENTATION OF MINNESOTA'S ENERGY CONSERVATION AND OPTIMIZATION ACT (ECO), AN ADDITIONAL $50 MILLION IN FUNDING FOR SOLAR*REWARDS OVER THE NEXT TEN YEARS, ALONG WITH WORKFORCE DEVELOPMENT AND GEOTHERMAL LEGISLATION TO EXPAND MARKETS AND SUPPORT DEPLOYMENT. THE ORGANIZATION'S TWO ANNUAL REPORTS, THE 2024 MINNESOTA ENERGY FACTSHEET AND THE 2024 CLEAN JOBS MIDWEST - MINNESOTA REPORT CONTAINED TIMELY AND DETAILED INFORMATION ON CLEAN ENERGY MARKETS AND JOBS THAT WERE UTILIZED BY THE WALZ-FLANAGAN ADMINISTRATION, POLICYMAKERS, MEDIA, AND THE PUBLIC. DATA AND RECOMMENDATIONS CONTAINED IN THE PUBLICATIONS PROVIDED CRUCIAL FACTS AND INFORMATION UTILIZED IN CONVERSATIONS AND PRESENTATIONS WITH POLICYMAKERS, DECISION-MAKERS, AND THE PUBLIC TO HASTEN THE TRANSITION TO A LOW- AND ZERO-CARBON FUTURE IN MINNESOTA. 223508 0 0 PUBLIC EDUCATION:CEEM CONTINUED ITS IMPORTANT EFFORTS IN EDUCATING DECISION MAKERS AND MINNESOTA CITIZENS ON THE NEED FOR SWIFT BUILDOUT AND EXPANSION OF TRANSMISSION CAPACITY IN MISO NORTH. EFFORTS INCLUDED A VIDEO THAT EXPLAINS THE NEED FOR TRANSMISSION UPGRADES USING LAYPERSON LANGUAGE. CEEM ALSO LEVERAGED ITS CREDIBLE AND INFLUENTIAL BUSINESS VOICE IN MEETINGS WITH KEY OFFICIALS, REGULATORS, AND THEIR STAFF MEMBERS THROUGHOUT THE YEAR ALONG WITH PLACEMENT AND GARNERING OF EARNED MEDIA INCLUDING OP-ED'S AND LTE'S SHARING REAL-WORLD EXAMPLES OF LOCAL ECONOMIC BENEFITS AND JOBS WHILE HIGHLIGHTING THE IMPORTANCE OF ACCELERATED SITING AND TRANSMISSION OF CLEAN ENERGY PROJECTS THAT ADVANCE RURAL ECONOMIC DEVELOPMENT AND DIVERSIFY LOCAL TAX BASES. CEEM ALSO LED THE DEVELOPMENT AND DELIVERY OF THE 8TH ANNUAL CLEAN ENERGY BUSINESS DAY AT THE CAPITOL. CEEM'S EFFORTS HELPED TO RESULT IN GOVERNOR WALZ DECLARING APRIL 11, 2024, AS "CLEAN ENERGY BUSINESS DAY" ACROSS MINNESOTA. OVER 160 BUSINESS LEADERS PARTICIPATED IN THIS POWERFUL DAY OF EDUCATION AT THE STATE CAPITOL TO SHARE WITH POLICYMAKERS WHY STABLE AND PREDICTABLE POLICIES ARE CRITICAL TO RETAINING AND GROWING GOOD-PAYING JOBS AND ATTRACTING INVESTMENT IN THE CLEAN ENERGY INDUSTRY TO ENSURE AND STRENGTHEN MINNESOTA'S CLEAN ENERGY LEADERSHIP. 135459 0 0 STAKEHOLDER CONVENING:CEEM CONVENED AND PARTICIPATED IN A SERIES OF EDUCATIONAL, NETWORKING, AND SUBJECT MATTER EXPERT EVENTS THROUGHOUT 2024. THIS INCLUDED PROGRAMS FOCUSED ON INVESTMENT TAX CREDITS AND TRANSFERABILITY AS PART OF THE INFLATION REDUCTION ACT, HOW CLEAN ENERGY IS DELIVERING POSITIVE CHANGE IN LOCAL AND TRIBAL COMMUNITIES THROUGHOUT THE STATE AND FOR EMERGING FARMERS, AS WELL AS EXPERT IN-PERSON AND VIRTUAL WEBINARS TO DISCUSS STRATEGIES TO RETAIN AND GROW A DIVERSE WORKFORCE. THE ORGANIZATION ALSO CO-HOSTED A COMMUNITY CONVERSATION EVENT FEATURING REUTERS CORRESPONDENT AND AUTHOR, ERNEST SCHEYDER WHO WROTE "THE WAR BELOW" THAT IS A NEW BOOK REVEALING THE TENSIONS AMONG INDUSTRY, CONSERVATIONISTS, COMMUNITY GROUPS, AND POLICYMAKERS OVER THE NEED TO SOURCE VAST QUANTITIES OF CRITICAL MINERALS TO POWER A GREENER FUTURE WHILE STILL PROTECTING OUR MOST SACRED SPACES. OVER 100+ EVENT PARTICIPANTS HEARD DIVERSE PERSPECTIVES THAT WERE REPRESENTED IN THE EXPERT PANEL DISCUSSION INCLUDING INDUSTRY, TRIBAL NATIONS, AND TWO LEGISLATIVE REPRESENTATIVES PROVIDING BOTH SIDES OF THE POLITICAL AISLE. CEEM ALSO PARTICIPATED IN THE ELECTROPOSIUM 2.0 EVENT HELD AT THE UNIVERSITY OF MINNESOTA ALONG WITH A NUMBER OF LOCAL COMMUNITY AND REGIONAL-BASED DIALOGUES INCLUDING THE ROCHESTER ENTREPRENEURIAL LANDSCAPE EVENT AND CLIMATE CHANGE AND SMALL CITIES CONFERENCE TO DISCUSS KEY ECONOMIC, BUSINESS, AND WORKFORCE TRENDS ALONG WITH EXPLORING SOLUTIONS THAT EMPOWER SMALL CITIES TO LEAD THE WAY IN ECONOMIC DEVELOPMENT THROUGH CLIMATE ACTION. THE ORGANIZATION CONTINUED ITS STRONG PARTNERSHIP WITH THE MINNESOTA TRADE OFFICE HOSTING A NUMBER OF CONVENINGS WITH INTERNATIONAL COLLEAGUES AND GUESTS LOOKING FOR OPPORTUNITIES TO DO BUSINESS IN MINNESOTA. BUSINESS AND POLICYMAKER DELEGATIONS THAT CEEM HOSTED INCLUDED COLLEAGUES FROM A NUMBER OF CANADIAN PROVINCES, FINLAND, GERMANY, AND THE UNITED KINGDOM. CEEM ALSO HOSTED ITS ANNUAL LEGISLATIVE PREVIEW EVENT THAT INCLUDED OVER 130+ ATTENDEES IN-PERSON AS WELL AS 100+ ONLINE PARTICIPANTS FEATURING SPECIAL GUESTS, MINNESOTA ENERGY LEGISLATIVE COMMITTEE CHAIRS PATTY ACOMB, CHRIS SWEDZINSKI, AND NICK FRENTZ WITH SPECIAL REMARKS DELIVERED BY ASST. COMMISSIONER HALI KOLKIND FROM THE MINNESOTA DEPARTMENT OF COMMERCE. INSIGHTS AND STAKEHOLDER DISCUSSION FOCUSED ON PATHWAYS TO ACHIEVING 100% CLEAN ENERGY BY 2040 AND NET-ZERO ECONOMY-WIDE BY 2050 IN A DIVIDED MINNESOTA LEGISLATURE. 135459 0 0 1415538 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 8 0 1 6 1 0 0 0 0 0 0 0 0 0 0 0 0 X 11 10 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 0 0 MN X SCHECHTER DOKKEN KANTER 6123325500 100 WASHINGTON AVENUE S STE 1600 MINNEAPOLIS MN 55401 HOLLY LAHD BOARD CHAIR 2.00 X X 0 0 0 TENA MONSON VICE CHAIR 2.00 X X 0 0 0 DAN O'NEILL TREASURER 2.00 X X 0 0 0 BECKY WACKER DIRECTOR 1.00 X 0 0 0 BRADLEY HEITLAND DIRECTOR 1.00 X 0 0 0 JAMIE BORELL DIRECTOR 1.00 X 0 0 0 MARTIN MORUD DIRECTOR 1.00 X 0 0 0 NINA AXELSON DIRECTOR 1.00 X 0 0 0 STEVE POLSKI DIRECTOR 1.00 X 0 0 0 TARIQ SAMAD DIRECTOR 1.00 X 0 0 0 TUSHAR GANPULE DIRECTOR 1.00 X 0 0 0 GREGG MAST EXECUTIVE DIRECTOR 40.00 X 128211 0 9374 128211 0 9374 1 0 0 0 GRID CATALYST 414 2ND STREET NE MINNEAPOLIS MN 55413 SUBCONTRACTOR 201842 1 153035 726405 731500 1610940 1610940 0 0 0 X 128211 103851 16667 7693 352439 280668 55431 16340 12954 10363 1943 648 12203 9762 1831 610 40249 32200 6037 2012 300 300 23600 23600 576897 480637 66220 30040 14563 14563 29618 19979 8411 1228 13456 10765 2018 673 63313 63313 9500 7600 1425 475 SEED FUNDING PROGRAM 396400 396400 1673703 1415538 183883 74282 7363 195086 2329 237500 2764 4041 247627 201456 7508 7094 53206 70212 60714 77306 X 137943 -23500 48970 147650 186913 124150 247627 201456 -62763 0 X 0 1 X 1 0 X 660761 664959 667883 1063326 1610940 4667869 660761 664959 667883 1063326 1610940 4667869 1150786 3517083 4667869 0.75350 0.67940 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X 1610940 0 1610940 0 1610940 1673703 0 1673703 0 1673703 PART X, LINE 2: THE INTERNAL REVENUE SERVICE HAS DETERMINED THAT THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. IT IS ALSO EXEMPT FROM STATE INCOME TAX. HOWEVER, ANY UNRELATED BUSINESS INCOME MAY BE SUBJECT TO TAXATION. THE ORGANIZATION'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES. THE ORGANIZATION IS NOT CURRENTLY UNDER EXAMINATION BY ANY TAXING JURISDICTION. THE ORGANIZATION FOLLOWS THE ACCOUNTING STANDARDS FOR CONTINGENCIES IN EVALUATING UNCERTAIN TAX POSITIONS. THIS GUIDANCE PRESCRIBES RECOGNITION THRESHOLD PRINCIPLES FOR THE FINANCIAL STATEMENT RECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN THAT ARE NOT CERTAIN TO BE REALIZED. NO LIABILITY HAS BEEN RECOGNIZED BY THE ORGANIZATION FOR UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2024. THE ORGANIZATION'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES. NINA AXELSON BOARD MEMBER 201842 OWNER OF GRID CATALYST, PROGRAM SUBCONTRACTOR 0 FORM 990, PART III, LINE 2 IN ACCORDANCE WITH A GRANT CONTRACT WITH THE STATE OF MINNESOTA, CEEM AND ITS SUBCONTRACTOR, GRID CATALYST, PROVIDED PROGRAMMING AND SUPPORT FOR THE MINNESOTA ENERGY ALLEY INITIATIVE. THE INITIATIVE'S GOAL IS TO ELEVATE MINNESOTA AS A GO-TO REGION FOR ADVANCING AND DEPLOYING INNOVATIVE ENERGY TECHNOLOGIES AND BUSINESSES WHILE SECURING THE STATE'S ENERGY AND ECONOMIC DEVELOPMENT FUTURE. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION DOES NOT HAVE ANY COMMITTEES THAT HAVE THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY THE ORGANIZATION'S PUBLIC ACCOUNTING FIRM BASED ON INFORMATION PROVIDED BY MANAGEMENT. ONCE THE DRAFT IS AVAILABLE, IT IS REVIEWED BY MANAGEMENT AND ANY CHANGES INCORPORATED INTO THE FILING. ONCE THIS DETAILED REVIEW IS COMPLETE, THE DRAFT OF THE FORM 990 IS PRESENTED TO THE BOARD OF DIRECTORS FOR THEIR REVIEW AND COMMENTS PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION'S CONFLICT OF INTEREST POLICY COVERS ANY DIRECTOR, PRINCIPAL OFFICER, OR MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS. EACH COVERED PERSON ANNUALLY SIGNS A STATEMENT AFFIRMING THAT THEY HAVE RECEIVED A COPY OF THE POLICY, HAS READ AND UNDERSTANDS THE POLICY, AND HAS AGREED TO COMPLY WITH THE POLICY. FORM 990, PART VI, SECTION B, LINE 15A COMPENSATION OF THE EXECUTIVE DIRECTOR IS DISCUSSED AND SET BY THE BOARD OF DIRECTORS ANNUALLY USING COMPARABLE DATA OF SIMILAR ORGANIZATIONS AND WAS UNDERTAKEN IN 2024. COMPENSATION DECISIONS ARE DOCUMENTED IN PERSONNEL FILES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST. FORM 990, PART IX, LINE 11G PERSONNEL CONSULTANT: PROGRAM SERVICE EXPENSES 480,637. MANAGEMENT AND GENERAL EXPENSES 66,220. FUNDRAISING EXPENSES 30,040. TOTAL EXPENSES 576,897.