The Minnesota Renewable Energy Society Incorporated
- Assets
- $67.8k
- Revenue
- $36.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 01/1981
- Data as of
- 12/2023
- EIN
- 41-1379265
Organization Overview
The Minnesota Renewable Energy Society Incorporated is located in Minneapolis, MN. The organization was established in 1981. According to its NTEE Classification (C35) the organization is classified as: Energy Resources Conservation & Development, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Minnesota Renewable Energy Society Incorporated is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Minnesota Renewable Energy Society Incorporated generated $36.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (6.3%) each year. All expenses for the organization totaled $32.4k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (6.2%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ADVANCE A SUSTAINABLE SOCIETY AND A RENEWABLE ENERGY ECONOMY THROUGH EDUCATION, LEADERSHIP, AND EXAMPLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE 31ST ANNUAL SOLAR BOAT REGATTA WAS HELD AT RILEY LAKE TO EDUCATE MIDDLE SCHOOL AND HIGH SCHOOL AGE STUDENTS ON HOW TO APPLY SOLAR ENERGY TO A FUN ACTIVITY. THE STUDENTS BUILT FULL SIZED, SOLAR POWERED BOATS AND SPENT THE DAY RACING THEM THROUGH 3 DIFFERENT ACTIVITIES. WE HAD 11 BOATS RACE FROM 9 SCHOOLS FROM ALL OVER THE STATE. MORE THAN 120 STUDENTS PARTICIPATED IN LEARNING EXPERIENCE.
MRES PROVIDED INFORMATION ON RENEWABLE ENERGY TOPICS TO OVER 327,358 PEOPLE AT 12 EVENTS IN 2023. IN ORDER TO MEET NEW COMMUNITIES, MRES EXHIBITED AT THE MINNEAPOLIS BOAT SHOW.
MRES WORKED WITH THE MINNESOTA POLLUTION CONTROL AGENCY TO TRAIN 80 VOLUNTEERS TO STAFF THE ECO EXPERIENCE AREA OF THE MINNESOTA STATE FAIR. THE VOLUNTEERS EXPLAINED THE DIFFERENT SOLAR TECHNOLOGIES TO OVER 210,000 PEOPLE DURING THE 12-DAY RUN OF THE STATE FAIR. THE MINNESOTA SCIENCE MUSEUM DEEDED MRES A WIND TURBINE / STORAGE EXHIBIT THAT WAS THE HIGHLIGHT OF THE ECO EXPERIENCE BUILDING, THE NEW EXHIBIT HELPED THE VOLUNTEERS EXPLAINED HOW PERSONAL ACTIONS EFFECT CO2 EMISSIONS AND CLIMATE CHANGE. THESE ACTIVITIES EDUCATE THE GENERAL PUBLIC ON HOW RENEWABLE ENERGY WORKS AND HOW THEY CAN PARTICIPATE IN ITS BENEFITS. THIS EDUCATION IS CONDUCTED IN SPANISH AND ENGLISH.
MRES HOSTED THE MINNESOTA SOLAR / SUSTAINABILITY TOUR OF OVER 24 DIFFERENT SITES ACROSS THE STATE OF MINNESOTA. THIS WAS A HYBRID TOUR THIS YEAR. THE SITES OPENED THEIR HOMES AND BUSINESS TO THE GENERAL PUBLIC SO THAT THEY COULD SEE DIFFERENT RENEWABLE ENERGY TECHNOLOGIES AND ENERGY REDUCTION TECHNOLOGIES. THIS ALLOWS PEOPLE TO LEARN ABOUT RENEWABLE TECHNOLOGIES ON A PERSON-TO-PERSON BASIS. ASES REPORTED 10,000 PLUS WEBSITE HITS DURING THE TOUR THIS YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Weber Chair | OfficerTrustee | 40 | $0 |
Doug Shoemaker Vice Chair | OfficerTrustee | 65 | $0 |
Eleanor Mahon Secretary | OfficerTrustee | 10 | $0 |
Ben Bissonette Treasurer | OfficerTrustee | 15 | $0 |
John Dunlop Director | Trustee | 20 | $0 |
Patrick Holtz Director | Trustee | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $26,449 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $26,449 |
| Total Program Service Revenue | $9,647 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $36,096 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,740 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,419 |
| Office expenses | $995 |
| Information technology | $2,426 |
| Royalties | $0 |
| Occupancy | $1,800 |
| Travel | $385 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,584 |
| All other expenses | $0 |
| Total functional expenses | $32,417 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $67,794 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $67,794 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $67,794 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $67,794 |
Grants Awarded
Over the last fiscal year, The Minnesota Renewable Energy Society Incorporated has awarded $677,821 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
GREENWAY SOLAR LLC PURPOSE: FINANCIAL ASSISTANCE | $655,551 |
WINTHROP & WEINSTINE PURPOSE: FINANCIAL ASSISTANCE | $22,270 |