Nonprofit · EIN 99-1493182
SOLARIS INITIATIVE
Tax-exempt · ISANTI, MN 55040
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $653,231 | $449,558 | $203,673 | $5,045,442 | $4,845,275 | $200,167 |
| December 31, 2024 | 990 | $0 | $0 | $0 | $517,558 | $517,558 | $0 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $653,230
- Investment income
- $1
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Depreciation
- $437,129
- Management and general (functional)
- $449,558
Balance sheet and other
- Total assets, start of year
- $517,558
- Total assets, end of year
- $5,045,442
- Total liabilities, end of year
- $4,845,275
- Net assets, end of year
- $200,167
- Land, buildings and equipment
- $3,130,062
- Net assets without donor restrictions
- $200,167
- Gross receipts
- $653,231
- Employees
- 0
- Volunteers
- 7
- Year formed
- 2024
- State of legal domicile
- MN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ELZA ANDRIANOVA | PRESIDENT Trustee or director, Officer | 0.25 | $0 |
| VLADIMIR DIMITROV | VICE PRESIDENT Trustee or director, Officer | 0.25 | $0 |
| JON LATCHAM | TREASURER Trustee or director, Officer | 1 | $0 |
| ALEX FARLEY | SECRETARY Trustee or director, Officer | 0.25 | $0 |
| VLADIMIR MARCHENKO | DIRECTOR Trustee or director | 0.25 | $0 |
| JUSTIN VIELSEN | DIRECTOR Trustee or director | 0.25 | $0 |
| LUKA BOZEK | DIRECTOR Trustee or director | 0.25 | $0 |
| CHRISTINA RIPIENSKI | DIRECTOR Trustee or director | 0.25 | $0 |
| BRITTANY RIPIENSKI | DIRECTOR Trustee or director | 0.25 | $0 |
| BLAKE RIPIENSKI | DIRECTOR Trustee or director | 0.25 | $0 |
| DEAN JORDAN | DIRECTOR Trustee or director | 0.25 | $0 |
| TATIANA CIBOTARI | DIRECTOR Trustee or director | 0.25 | $0 |
990 for the year ended December 31, 2024: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| HAYDEN IMKER | PRESIDENT Trustee or director, Officer | 0.25 | $0 |
| PHIL LARSON | VICE PRESIDENT Trustee or director, Officer | 0.25 | $0 |
| JON LATCHAM | TREASURER Trustee or director, Officer | 1 | $0 |
| MARK SEAMON | SECRETARY Trustee or director, Officer | 0.25 | $0 |
Address and contacts
- Address (IRS master file)
- 100 ISANTI PKWY NE, ISANTI, MN 55040-7521
- In care of
- % JON LATCHAM
- Principal officer (990 for 2025)
- JON LATCHAM, 100 ISANTI PARKWAY NE, ISANTI, MN 55040
- Signed the 990
- JON LATCHAM, TREASURER
- Phone
- (763) 229-6662
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
TO EXPAND ACCESS TO CLEAN, RENEWABLE ENERGY BY OFFERING AFFORDABLE SOLAR LEASE OPTIONS TO HOMEOWNERS. WE BELIEVE THAT COST SHOULD NEVER BE A BARRIER TO SUSTAINABILITY. BY REMOVING THE UPFRONT FINANCIAL BURDEN OR PURCHASING SOLAR SYSTEMS, WE EMPOWER FAMILIES TO REDUCE THEIR UTILITY BILLS, INCREASE ENERGY INDEPENDENCE, AND CONTRIBUTE TO A HEALTHIER ENVIRONMENT, WHILE BUILDING STRONGER, MORE RESILIENT COMMUNITIES POWERED BY THE SUN.
Program accomplishments
- FISCAL YEAR 2025 THE SOLAR LEASE PROGRAM LAUNCHED IN Q4 OF FISCAL YEAR 2024, AND, WHILE ULTIMATELY SUCCESSFUL, IT DIDN'T GAIN MUCH TRACTION UNTIL Q2 OF 2025. 2025 IS THE 2ND YEAR OF THE LEASE PROGRAM AND WE INSTALLED 23 SYSTEMS USING OUR TRADITIONAL LEASE PRODUCT, WHICH ALLOWED 23 FAMILIES TO REALIZE DAY 1 SAVINGS WITHOUT ANYTHING OUT OF POCKET. IN ADDITION, WE ADDED A FULL YEAR OF NO PAYMENTS TO FAMILIES WHO SIGNED UP IN 2025! DUE TO THIS PROMOTION, REVENUE FROM THE PROGRAM WAS LIMITED, AS THOSE FAMILIES DON'T PAY UNTIL 2026.revenue $1,477
- IN Q3 OF 2025 WE LAUNCHED OUR PREPAID LEASE PROGRAM SIMPLY AS A RESULT OF THE DEMAND FOR A PREPAID LEASE. THE NEW PREPAID PROGRAM DOESN'T RESULT IN "DAY-1" SAVINGS, BUT IT SAVES FAMILIES THOUSANDS OF DOLLARS OVER THE 25-YEAR PERIOD THAT A TRADITIONAL LEASE WOULD COVER. THIS IS OUR "SAVINGS ON TOP OF SAVINGS" PRODUCT. THE HOMEOWNERS STILL GET A SOLAR SYSTEM AT 70% OF THE RETAIL COST OF A SOLAR SYSTEM, BUT PAYING UP FRONT ALSO SAVES THEM THE COST OF IMPLIED INTEREST. THE IDEA CAME FROM A COUPLE OF OUR CUSTOMERS, AND WE WERE HAPPY TO ACCOMMODATE THEIR REQUEST. AS WE HEADED INTO THE FINAL QUARTER OF THE YEAR, THIS PROGRAM WAS THE POPULAR CHOICE AMONGST FAMILIES THAT DECIDED TO GO GREEN!revenue $612,535
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | Check at the IRS |
IRS record
- EIN
- 99-1493182
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 2024
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Environment (C35)
- Assets (IRS master file)
- $517,558
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $653,231 | $449,558 | $5,045,442 | XML |
| 990 | December 2024 | $0 | $0 | $517,558 | XML |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 99-1493182).
Questions about SOLARIS INITIATIVE
- What is the EIN of SOLARIS INITIATIVE?
- The employer identification number (EIN) of SOLARIS INITIATIVE is 99-1493182.
- Is SOLARIS INITIATIVE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 2024.
- Are donations to SOLARIS INITIATIVE tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does SOLARIS INITIATIVE file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of SOLARIS INITIATIVE due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SOLARIS INITIATIVE last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of SOLARIS INITIATIVE?
- The 990 for the year ended December 31, 2025 names JON LATCHAM.
- Who are the officers and directors of SOLARIS INITIATIVE?
- The 990 for the year ended December 31, 2025 lists 12 people; 0 received compensation from the organization.
- How much revenue does SOLARIS INITIATIVE have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $653,231, expenses of $449,558 and total assets of $5,045,442 at year end.
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