Midwest Energy Research Consortium Inc
- Assets
- $2.1m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 4
- Location
- Milwaukee, WI
- Founding
- 08/2012
- Data as of
- 06/2020
- EIN
- 61-1618708
Organization Overview
Midwest Energy Research Consortium Inc is located in Milwaukee, WI. The organization was established in 2012. According to its NTEE Classification (U40) the organization is classified as: Engineering & Technology, under the broad grouping of Science & Technology and related organizations. As of 06/2020, Midwest Energy Research Consortium Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Midwest Energy Research Consortium Inc 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 06/2020, Midwest Energy Research Consortium Inc generated $1.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $1.4m during the year ending 06/2020. While expenses have increased by 4.5% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Midwest Energy Research Consortium Inc has awarded 88 individual grants totaling $2,069,767. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
DRIVING INNOVATION FOR THE ENERGY, POWER, AND CONTROLS SECTOR BY SYNCHRONIZING MARKET INSIGHTS, TECHNOLOGY INNOVATION AND TALENT & START-UP DEVELOPMENT INTO A NEW INNOVATION ENGINE FOR ECONOMIC DEVELOPMENT AND GROWTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MIDWEST ENERGY RESEARCH CONSORTIUM (M-WERC), FOUNDED IN 2009, REPRESENTS ONE OF AMERICA'S LARGEST CLUSTERS OF ENERGY, POWER AND CONTROL COMPANIES, EDUCATIONAL AND RESEARCH INSTITUTIONS, AND OTHER KEY INDUSTRY STAKEHOLDERS. LOCATED IN THE GREATER WISCONSIN/MIDWEST REGION, M-WERC ACTS AS A CATALYST FOR THE GROWTH OF THESE COMPANIES AND INDUSTRIES, THROUGH TECHNOLOGY INNOVATION, ADVANCED RESEARCH, MARKET DEVELOPMENT, INFORMATION SHARING, WORKFORCE DEVELOPMENT AND STRATEGIC COLLABORATION. M-WERC CONNECTS AND SYNCHRONIZES THE REGION'S EXPANSIVE INDUSTRY, COLLABORATIVE AND ACADEMIC ASSETS IN A HIGHLY SYNERGISTIC MANNER. THROUGH ITS INDUSTRY AND TECHNOLOGY ROAD MAPPING, ADVANCED RESEARCH AND DEVELOPMENT AND PUBLIC POLICY EFFORTS, M-WERC EXPECTS TO HELP THE CONSORTIUM TO ACHIEVE NATIONAL LEADERSHIP IN TECHNOLOGY, RESULTING IN GROWTH OF SALES AND EMPLOYMENT. M-WERC CONSISTS OF OVER 50 NATIONALLY AND INTERNATIONALLY RECOGNIZED INDUSTRIAL MEMBERS WHO REPRESENT OVER 50% OF THE REGION'S 100,000-PERSON WORKFORCE ENGAGED IN ENERGY, POWER AND CONTROL. THESE BUSINESSES INCLUDE INDUSTRY GIANTS SUCH AS JOHNSON CONTROLS, SCHNIEDER ELECTRIC, BRIGGS AND STRATTON, AMERICAN TRANSMISSION COMPANY, AND EATON CORP. OUR ACADEMIC MEMBERSHIP FEATURES FOUR OF THE LARGEST UNIVERSITIES IN THE REGION, UNIVERSITY OF WISCONSIN-MADISON, UNIVERSITY OF WISCONSIN-MILWAUKEE, MARQUETTE UNIVERSITY, AND THE MILWAUKEE SCHOOL OF ENGINEERING. THE REGION'S LARGEST TECHNICAL COLLEGES ARE ALSO ACTIVE IN M-WERC. MAJOR REGIONAL UTILITIES ARE ALSO M-WERC MEMBERS INCLUDING ALLIENT ENERGY, XCEL ENERGY, AND WEC ENERGY GROUP. THE INDUSTRY REPRESENTED BY M-WERC GENERATES OVER $38 BILLION IN SALES ANNUALLY. M-WERC'S UNIVERSITY AND COLLEGE MEMBERS CONDUCT NEARLY $1.25 BILLION IN TRANSFORMATIVE RESEARCH ANNUALLY.IN 2020 M-WERC EXPANDED ITS TALENT DEVELOPMENT PROGRAM ACTIVITIES, ADDING A TRAINING PROGRAM FOR ELECTRICAL ASSEMBLERS.
THE MIDWEST ENERGY RESEARCH CONSORTIUM (M-WERC), FOUNDED IN 2009, REPRESENTS ONE OF AMERICA'S LARGEST CLUSTERS OF ENERGY, POWER AND CONTROL COMPANIES, EDUCATIONAL AND RESEARCH INSTITUTIONS, AND OTHER KEY INDUSTRY STAKEHOLDERS. LOCATED IN THE GREATER WISCONSIN/MIDWEST REGION, M-WERC ACTS AS A CATALYST FOR THE GROWTH OF THESE COMPANIES AND INDUSTRIES, THROUGH TECHNOLOGY INNOVATION, ADVANCED RESEARCH, MARKET DEVELOPMENT, INFORMATION SHARING, WORKFORCE DEVELOPMENT AND STRATEGIC COLLABORATION. M-WERC CONNECTS AND SYNCHRONIZES THE REGION'S EXPANSIVE INDUSTRY, COLLABORATIVE AND ACADEMIC ASSETS IN A HIGHLY SYNERGISTIC MANNER. THROUGH ITS INDUSTRY AND TECHNOLOGY ROAD MAPPING, ADVANCED RESEARCH AND DEVELOPMENT AND PUBLIC POLICY EFFORTS, M-WERC EXPECTS TO HELP THE CONSORTIUM TO ACHIEVE NATIONAL LEADERSHIP IN TECHNOLOGY, RESULTING IN GROWTH OF SALES AND EMPLOYMENT. M-WERC CONSISTS OF OVER 50 NATIONALLY AND INTERNATIONALLY RECOGNIZED INDUSTRIAL MEMBERS WHO REPRESENT OVER 50% OF THE REGION'S 100,000-PERSON WORKFORCE ENGAGED IN ENERGY, POWER AND CONTROL. THESE BUSINESSES INCLUDE INDUSTRY GIANTS SUCH AS JOHNSON CONTROLS, SCHNIEDER ELECTRIC, BRIGGS AND STRATTON, AMERICAN TRANSMISSION COMPANY, AND EATON CORP. OUR ACADEMIC MEMBERSHIP FEATURES FOUR OF THE LARGEST UNIVERSITIES IN THE REGION, UNIVERSITY OF WISCONSIN-MADISON, UNIVERSITY OF WISCONSIN-MILWAUKEE, MARQUETTE UNIVERSITY, AND THE MILWAUKEE SCHOOL OF ENGINEERING. THE REGION'S LARGEST TECHNICAL COLLEGES ARE ALSO ACTIVE IN M-WERC. MAJOR REGIONAL UTILITIES ARE ALSO M-WERC MEMBERS INCLUDING ALLIENT ENERGY, XCEL ENERGY, AND WEC ENERGY GROUP. THE INDUSTRY REPRESENTED BY M-WERC GENERATES OVER $38 BILLION IN SALES ANNUALLY. M-WERC'S UNIVERSITY AND COLLEGE MEMBERS CONDUCT NEARLY $1.25 BILLION IN TRANSFORMATIVE RESEARCH ANNUALLY.IN 2020 M-WERC EXPANDED ITS TALENT DEVELOPMENT PROGRAM ACTIVITIES, ADDING A TRAINING PROGRAM FOR ELECTRICAL ASSEMBLERS.
THE MIDWEST ENERGY RESEARCH CONSORTIUM (M-WERC), FOUNDED IN 2009, REPRESENTS ONE OF AMERICA'S LARGEST CLUSTERS OF ENERGY, POWER AND CONTROL COMPANIES, EDUCATIONAL AND RESEARCH INSTITUTIONS, AND OTHER KEY INDUSTRY STAKEHOLDERS. LOCATED IN THE GREATER WISCONSIN/MIDWEST REGION, M-WERC ACTS AS A CATALYST FOR THE GROWTH OF THESE COMPANIES AND INDUSTRIES, THROUGH TECHNOLOGY INNOVATION, ADVANCED RESEARCH, MARKET DEVELOPMENT, INFORMATION SHARING, WORKFORCE DEVELOPMENT AND STRATEGIC COLLABORATION. M-WERC CONNECTS AND SYNCHRONIZES THE REGION'S EXPANSIVE INDUSTRY, COLLABORATIVE AND ACADEMIC ASSETS IN A HIGHLY SYNERGISTIC MANNER. THROUGH ITS INDUSTRY AND TECHNOLOGY ROAD MAPPING, ADVANCED RESEARCH AND DEVELOPMENT AND PUBLIC POLICY EFFORTS, M-WERC EXPECTS TO HELP THE CONSORTIUM TO ACHIEVE NATIONAL LEADERSHIP IN TECHNOLOGY, RESULTING IN GROWTH OF SALES AND EMPLOYMENT. M-WERC CONSISTS OF OVER 50 NATIONALLY AND INTERNATIONALLY RECOGNIZED INDUSTRIAL MEMBERS WHO REPRESENT OVER 50% OF THE REGION'S 100,000-PERSON WORKFORCE ENGAGED IN ENERGY, POWER AND CONTROL. THESE BUSINESSES INCLUDE INDUSTRY GIANTS SUCH AS JOHNSON CONTROLS, SCHNIEDER ELECTRIC, BRIGGS AND STRATTON, AMERICAN TRANSMISSION COMPANY, AND EATON CORP. OUR ACADEMIC MEMBERSHIP FEATURES FOUR OF THE LARGEST UNIVERSITIES IN THE REGION, UNIVERSITY OF WISCONSIN-MADISON, UNIVERSITY OF WISCONSIN-MILWAUKEE, MARQUETTE UNIVERSITY, AND THE MILWAUKEE SCHOOL OF ENGINEERING. THE REGION'S LARGEST TECHNICAL COLLEGES ARE ALSO ACTIVE IN M-WERC. MAJOR REGIONAL UTILITIES ARE ALSO M-WERC MEMBERS INCLUDING ALLIENT ENERGY, XCEL ENERGY, AND WEC ENERGY GROUP. THE INDUSTRY REPRESENTED BY M-WERC GENERATES OVER $38 BILLION IN SALES ANNUALLY. M-WERC'S UNIVERSITY AND COLLEGE MEMBERS CONDUCT NEARLY $1.25 BILLION IN TRANSFORMATIVE RESEARCH ANNUALLY.IN 2020 M-WERC EXPANDED ITS TALENT DEVELOPMENT PROGRAM ACTIVITIES, ADDING A TRAINING PROGRAM FOR ELECTRICAL ASSEMBLERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dan Ebert Executive Director | OfficerTrustee | 40 | $147,000 |
Ayman El-Rafaie Chairman | OfficerTrustee | 1 | $0 |
Hal Karas Treasurer | OfficerTrustee | 1 | $0 |
Marvin Klowak Chairman Emeritus | OfficerTrustee | 1 | $0 |
Steve Memory Vice-Chairman | OfficerTrustee | 1 | $0 |
Adam Krug Secretary | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,376,050 |
| Investment income | $39,779 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $40,899 |
| 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 | $1,456,728 |
| Statement of Expenses | |
|---|---|
| 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. | $180,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $166,635 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $12,747 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,279 |
| Fees for services: Accounting | $57,245 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $83,756 |
| Advertising and promotion | $0 |
| Office expenses | $14,952 |
| Information technology | $0 |
| Royalties | $572 |
| Occupancy | $114,229 |
| Travel | $1,068 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,375 |
| Interest | $31,310 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $168,258 |
| Insurance | $2,682 |
| All other expenses | $0 |
| Total functional expenses | $1,405,582 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $379,003 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $113,214 |
| Accounts receivable, net | $508,688 |
| 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 | $14,790 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $140,817 |
| Other assets | $257,412 |
| Total assets | $2,074,471 |
| Accounts payable and accrued expenses | $751,285 |
| Grants payable | $0 |
| Deferred revenue | $135,034 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $186,000 |
| Secured mortgages and notes payable | $959,244 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,031,563 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $42,908 |
Grants Awarded
Over the last fiscal year, Midwest Energy Research Consortium Inc has awarded $927,669 in support to 33 organizations.
| Grant Recipient | Amount |
|---|---|
Milwaukee, WI PURPOSE: RESEARCH ASSISTANCE | $53,600 |
Milwaukee, WI PURPOSE: RESEARCH ASSISTANCE | $53,600 |
Milwaukee, WI PURPOSE: RESEARCH ASSISTANCE | $53,600 |
UNIVERSITY OF WISCONSIN-MADISON PURPOSE: RESEARCH ASSISTANCE | $48,098 |
UNIVERSITY OF WISCONSIN-MADISON PURPOSE: RESEARCH ASSISTANCE | $48,098 |
UNIVERSITY OF WISCONSIN-MADISON PURPOSE: RESEARCH ASSISTANCE | $48,098 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Midwest Energy Research Consortium Inc has recieved totaling $75,000.
| Awarding Organization | Amount |
|---|---|
Greater Milwaukee Foundation Inc Milwaukee, WI PURPOSE: ENERGY INNOVATION ADVANCED TRAINING AND DEVELOPMENT CENTER | $75,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Industrial Technology Institute Plymouth, MI | $6,890,265 | $10,484,047 |
Additive Manufacturing Users Group Inc Milwaukee, WI | $3,328,250 | $3,683,925 |
Surface Mount Technology Association Inc Eden Prairie, MN | $2,712,008 | $1,382,977 |
Association For High Techology Distribution Waukesha, WI | $1,589,704 | $1,298,260 |
Midwest Energy Research Consortium Inc Milwaukee, WI | $2,074,471 | $1,456,728 |
Heartland Science And Technology Group Champaign, IL | $604,593 | $1,416,544 |
Applied Science And Technology Research Organization Of Americs Rock Island, IL | $337,923 | $928,326 |
Friction Materials Standards Auburn Hills, MI | $1,034,616 | $521,842 |
Technology Association Of Grantmakers Inc Chicago, IL | $872,956 | $756,276 |
Power-Motion Technology Representatives Association Plymouth, MN | $247,684 | $449,957 |
Ieom Society International Southfield, MI | $228,939 | $507,956 |
American Technical Education Association Inc Minneapolis, MN | $73,929 | $0 |