Energy and Environmental Research Center Foundation

EIN: 363842479 501(c)(3) Philanthropy & Grantmaking

Grand Forks, ND

Total Revenue
$8,670,989
Total Expenses
$7,885,216
Total Assets
$12,089,969
Net Assets
$6,625,720
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1992
Legal Domicile
ND
Principal Officer
Charles Gorecki
Phone
7017775000
Tax Period
2024-07-01 to 2025-06-30

Energy and Environmental Research Center Foundation, founded in 1992, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $8.7M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $7.9M left a modest 9% surplus.

Mission

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.

Program Service Accomplishments

Program 1
Expenses: $7,698,754 Revenue: $8,413,054

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...

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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.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $70,000
Program Service Revenue $8,413,054
Investment Income $187,935
Other Revenue $0
TOTAL REVENUE $8,670,989

Expense Breakdown

Grants Paid $116,445
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $7,698,754
Other Expenses $7,768,771
TOTAL EXPENSES $7,885,216

Year-over-Year Comparison

2024 2023 Change
Revenue $8,670,989 $7,886,097 +0.1%
Expenses $7,885,216 $7,425,414 +0.1%
Net Income $785,773 $460,683 +0.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
11
Independent Members
8
Employees
N/A
Volunteers
11

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
13
$3,315,535
Total Directors
11
$872,547
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Charles Gorecki President and CEO 1.00
Officer Director
$0 $69,770 $461,268
David Straley Chair 0.50
Officer Director
$0 $0 $0
Kathleen Neset Vice Chair 0.50
Officer Director
$0 $0 $0
DeAnna Carlson Zink Member 0.50
Director
$0 $0 $0
Jeff Hume Member 0.50
Director
$0 $0 $0
Chuck McConnell Member 0.50
Director
$0 $0 $0
Robert McLennan Member 0.50
Director
$0 $0 $0
Mike Nasi Member 0.50
Director
$0 $0 $0
Shannon Angielski Member 0.50
Director
$0 $0 $0
Karla Mongeon-Stewart Member 0.50
Director
$0 $71,401 $411,279
Todd Steinwand Member 0.50
Director
$0 $0 $0
Tom Erickson Executive VP and VP for Intellectual Property 1.00
Officer
$0 $64,994 $405,863
Jim Duzan Assistant VP for Intellectual Property 4.00
Officer
$0 $41,889 $185,945
Jen Knudson Secretary 2.00
Officer
$0 $39,370 $146,299
Tami Votava Assistant VP for Finance 1.00
Officer
$0 $58,969 $315,279
Erin O'Leary Assistant Treasurer 9.00
Officer
$0 $0 $152,149
Sheryl Landis Assistant VP for Contracts 2.00
Officer
$0 $44,825 $233,151
Brian Kalk VP for Research 1.00
Officer
$0 $58,096 $348,358
John Hamling Assistant VP for CCUS Research 2.00
Officer
$0 $60,684 $314,835
Josh Stanislowski Assistant VP for Energy Sytems 2.00
Officer
$0 $53,494 $300,880
John Harju VP for Strategy 1.00
Officer
$0 $47,075 $451,508
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $8,670,989 $7,885,216 $12,089,969 $785,773
2024 $7,886,097 $7,425,414 $7,610,271 $460,683
2023 $9,930,088 $8,698,518 $7,336,685 $1,231,570
2022 $5,603,143 $5,909,913 $6,183,269 $-306,770
2021 $188,148 $203,756 $4,366,303 $-15,608
2020 $47,237 $231,962 $3,121,481 $-184,725
2019 $66,743 $148,358 $3,149,533 $-81,615
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