2026-04-20T06:26:08-05:00 2025-06-30 450250958 Eide Bailly LLP 800 Nicollet Mall Ste 1300 Minneapolis MN 554027033 990 2024-07-01 363842479 Energy and Environmental Research Center Foundation ENER 7017775000 15 N 23rd St Stop 9017 Grand Forks ND 582029017 Tami Votava VP of Finance/Treasurer 7017775000 2026-04-16 1 1 Deb Nelson CPA P01264758 6122536500 2026-04-16 2024 2025-03-06 01:10:19Z EERC Services Charles Gorecki 15 N 23rd St Stop 9017 Grand Forks ND 582029017 8670989 0 X www.eercfoundation.org X 1992 ND Advancing University of North Dakota EERC technology to the marketplace. 11 8 0 11 0 0 45000 70000 7658739 8413054 182358 187935 0 0 7886097 8670989 144351 116445 0 0 0 0 0 0 0 7281063 7768771 7425414 7885216 460683 785773 7610271 12089969 1945058 5464249 5665213 6625720 X To promote, encourage, and foster the education and training services, scientific investigations, technology development, technology commercialization, and other related services of UND's Energy & Environmental Research Center, Grand Forks, North Dakota. 0 0 7698754 116445 8413054 The EERC Foundation provides a dedicated infrastructure to support commercialization activities and houses the rights to technologies developed by the EERC. Through two decades of experience meeting a wide variety of unique client needs, the EERC Foundation has developed highly flexible and innovative approaches to a variety of business arrangements. These include tailored licensing and equity agreements that support the client's achieving a competitive edge.The EERC and its partner, the EERC Foundation, are committed to commercialization. Spin-off businesses and high-tech and manufacturing jobs that pay well are some of the many fruits of successful commercialization efforts. The potential benefits of effective commercialization of EERC-developed technologies are enormous.Commercialization also secures work at the EERC through development contracts as well as by providing funding to assist in the development of commercially viable technology. The EERC Foundation investing cash in the EERC creates a virtuous cycle of economic growth. Equally important is the EERC Foundation's role in providing incentives for innovative work at the EERC. Under the State Board of Higher Education policy, inventors in a commercialized technology receive at least 30% of the net commercialization income.In essence, the EERC Foundation supports the EERC market-driven business model of a timely and seamless transition between the creation of the technology and its commercialization that leads to economic development. The EERC Foundation acts as the EERC's "commercialization catalyst."As of fiscal year end June 30, 2025, the EERC Foundation has 27 active, issued US patents and 5 patents pending. 7698754 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 4 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 11 8 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 0 1 0 0 0 X Jen Knudson 7017775000 15 N 23rd St Stop 9017 Grand Forks ND 582029017 Charles Gorecki President and CEO 1.00 40.00 X X 0 391498 69770 David Straley Chair 0.50 0.00 X X 0 0 0 Kathleen Neset Vice Chair 0.50 0.00 X X 0 0 0 DeAnna Carlson Zink Member 0.50 0.00 X 0 0 0 Jeff Hume Member 0.50 0.00 X 0 0 0 Chuck McConnell Member 0.50 0.00 X 0 0 0 Robert McLennan Member 0.50 0.00 X 0 0 0 Mike Nasi Member 0.50 0.00 X 0 0 0 Shannon Angielski Member 0.50 0.00 X 0 0 0 Karla Mongeon-Stewart Member 0.50 40.00 X 0 339878 71401 Todd Steinwand Member 0.50 0.00 X 0 0 0 Tom Erickson Executive VP and VP for Intellectual Property 1.00 40.00 X 0 340869 64994 Jim Duzan Assistant VP for Intellectual Property 4.00 40.00 X 0 144056 41889 Jen Knudson Secretary 2.00 40.00 X 0 106929 39370 Tami Votava Assistant VP for Finance 1.00 40.00 X 0 256310 58969 Erin O'Leary Assistant Treasurer 9.00 20.00 X 0 152149 0 Sheryl Landis Assistant VP for Contracts 2.00 40.00 X 0 188326 44825 Brian Kalk VP for Research 1.00 40.00 X 0 290262 58096 John Hamling Assistant VP for CCUS Research 2.00 40.00 X 0 254151 60684 Josh Stanislowski Assistant VP for Energy Sytems 2.00 40.00 X 0 247386 53494 John Harju VP for Strategy 1.00 40.00 X 0 404433 47075 0 3116247 610567 0 0 1 0 University of North Dakota (EERC) 15 North 23rd St Stop 9018 Grand Forks ND 582029018 Administrative Services 174743 1 70000 70000 Research Revenue 541700 8413054 8413054 8413054 187935 187935 8670989 8413054 0 187935 116445 116445 43444 43444 32066 32066 29001 29001 250901 220269 30632 489 489 5328 5328 850 850 109818 109818 49980 49980 Research Costs 7178627 7178627 Outreach 62278 62278 Patent Expenses 5973 5973 Inventor Allocation 16 16 7885216 7698754 186462 0 1913071 4610909 601990 2661441 35262 0 3813703 3502074 1000 1100 1245245 1312189 0 2256 7610271 12089969 795050 2481233 1150008 2983016 1945058 5464249 X 5665213 6625720 5665213 6625720 7610271 12089969 785773 174734 0 X 0 1 X 1 0 X X X 1 University of North Dakota 466002491 6 1 116445 0 1 116445 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 Part IV, Section A, Line 2 The Energy and Environmental Research Center Foundation supports the UND Energy & Environmental Research Center which is a division of the University of North Dakota which is a governmental unit as defined in Internal Revenue Code Section 115. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X 8816722 174734 174734 8641988 29001 29001 8670989 7856215 0 7856215 29001 29001 7885216 Part X, Line 2: The Foundation believes that it has appropriate support for any tax position taken affecting its annual filing requirements, and as such, does not have any uncertain tax positions that are material to the financial statements. The Foundation would recognize future accrued interest and penalties related to unrecognized tax benefits and liabilities in income tax expense if such interest and penalties are incurred. 1 UND Energy & Environmental Research Center 15 North 23rd Street Stop 9018 Grand Forks ND 582029018 466002491 UND 116445 0 Cost Share for Research Projects and Expenses paid on behalf of EERC. 1 Part I, Line 2: The allocation is to the University of North Dakota Energy & Environmental Research Center (EERC). This is the single allocation made by this Foundation. The EERC reports on commercialization efforts at each Foundation board meeting. 0 0 0 0 0 0 0 0 0 Charles Gorecki President and CEO 0 391290 0 0 0 208 0 44850 0 25931 0 462279 0 0 John Harju VP for Strategy 0 404433 0 0 0 0 0 44850 0 3246 0 452529 0 0 Karla Mongeon-Stewart Member 0 339878 0 0 0 0 0 44850 0 27514 0 412242 0 0 Tom Erickson Executive VP and VP for Intellectual 0 340769 0 0 0 100 0 44412 0 21540 0 406821 0 0 Brian Kalk VP for Research 0 290262 0 0 0 0 0 38379 0 19849 0 348490 0 0 Tami Votava Assistant VP for Finance 0 256310 0 0 0 0 0 34003 0 25849 0 316162 0 0 John Hamling Assistant VP for CCUS Research 0 253866 0 0 0 285 0 33919 0 27647 0 315717 0 0 Josh Stanislowski Assistant VP for Energy Sytems 0 247306 0 0 0 80 0 32337 0 22028 0 301751 0 0 Sheryl Landis Assistant VP for Contracts 0 188326 0 0 0 0 0 24554 0 21056 0 233936 0 0 Jim Duzan Assistant VP for Intellectual Proper 0 144056 0 0 0 0 0 19124 0 24212 0 187392 0 0 Erin O'Leary Assistant Treasurer 0 152149 0 0 0 0 0 0 0 101 0 152250 0 0 Part I, Line 3 The compensation being reported on the Form 990 part VII and Schedule J is determined by a related organization, University of North Dakota. Form 990, Part VI, Section A, line 1a The duly elected officers of the organization, who are members of the Board of Directors of the Organization, constitute the Executive Committee and are able to conduct business on behalf of the Board of Directors when appropriate. Form 990, Part VI, Section A, line 6 The University of North Dakota is the sole member of the Corporation and is represented by the President of the University of North Dakota. Form 990, Part VI, Section A, line 7a The member representative has the power to elect directors and appoint officers of the Organization. Form 990, Part VI, Section A, line 7b Sales or transfers of all or substantially all of the assets of the Corporation; changes in control of the Corporation; merger resulting in a change in control of the Corporation; dissolution of the Corporation; any amendment to the Bylaws or Articles; or any corporate transactions which could result in the loss of recognition of the Corporation as an exempt organization under Section 501(c)(3) of the Internal Revenue Code all require approval by the Member Representative. Form 990, Part VI, Section B, line 11b The Form 990 is reviewed by the Treasurer, and by written resolution duly approved by the Board of Directors, reviewed and approved by the Audit Committee prior to filing on behalf of the Board, and provided to the Board at the next Board meeting. Form 990, Part VI, Section B, line 12c An interested person is required to disclose a conflict of interest. The Executive Committee determines if a conflict exists and develops an appropriate mitigation plan. Individuals with conflicts will recuse themselves from voting on issues on which they have a conflict. Form 990, Part VI, Section C, line 19 Financial statements are publicly disclosed through the North Dakota University System. Governing policy and COI documents are not publicly distributed unless requested. Per the Foundation relationship agreement with the University of North Dakota, portions of these would be publicly available. University of North Dakota PO Box 8378 University Station Grand Forks ND 582028253 456002491 State University ND N/A 0 EERC Enterprise Solutions Inc 15 N 23rd St Stop 9017 Grand Forks ND 58202 923042752 Holding company and general business purposes ND EERC Foundation C 1000 1.00000 1 Heartland Hydrogen Hub LLC 15 N 23rd St Stop 9017 Grand Forks ND 58202 923146636 Support Successful Commercial Development of the Heartland Hydrogen Hub ND EERC Foundation C 149870 157761 1.00000 1 0 1 0 1 0 0 0 0 0 0 1 0 1 0 0 1 0 0 0