CLEAN ENERGY ECONOMY MINNESOTA

EIN: 812294812 501(c)(3) Environment

MINNEAPOLIS, MN

Total Revenue
$1,063,326
Total Expenses
$892,209
Total Assets
$247,627
Net Assets
$186,913
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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
MN
Principal Officer
GREGG MAST
Phone
6127439157
Tax Period
2023-01-01 to 2023-12-31

CLEAN ENERGY ECONOMY MINNESOTA, founded in 2016, is a community nonprofit in the Environment sector that reported $1.1M in total revenue in fiscal year 2023. Revenue surged 59% from the prior year, signaling strong growth momentum. The organization ran a surplus of $171K, a strong 16% operating margin.

Mission

TO PROVIDE EDUCATIONAL LEADERSHIP, COLLABORATION, AND POLICY ANALYSIS THAT ACCELERATES CLEAN ENERGY MARKET GROWTH AND SMART ENERGY POLICIES.

Program Service Accomplishments

Program 1
Expenses: $334,850

STATE POLICY ANALYSIS:CLEAN ENERGY ECONOMY MINNESOTA AND ITS MEMBER BUSINESSES PLAYED A CRUCIAL ROLE IN ELEVATING THE BUSINESS CASE IN EDUCATING THE WALZ-FLANAGAN ADMINISTRATION AND POLICYMAKERS ON...

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STATE POLICY ANALYSIS:CLEAN ENERGY ECONOMY MINNESOTA AND ITS MEMBER BUSINESSES PLAYED A CRUCIAL ROLE IN ELEVATING THE BUSINESS CASE IN EDUCATING THE WALZ-FLANAGAN ADMINISTRATION AND POLICYMAKERS ON BOTH SIDES OF THE AISLE IN WHAT RESULTED IN AN UNPRECEDENTED AND HISTORIC 2023 MINNESOTA LEGISLATIVE SESSION FOR CLEAN ENERGY AND CLIMATE POLICY. THE ORGANIZATION'S TOP PRIORITIES WERE ALL PASSED BY THE MINNESOTA LEGISLATURE AND SIGNED INTO LAW BY GOVERNOR WALZ. THESE INCLUDED A NATION-LEADING 100% CLEAN ENERGY BY 2040 LAW, THE CREATION OF A STATE COMPETITIVENESS FUND WITH A TOTAL OF $190 MILLION APPROPRIATED, SIGNIFICANT INVESTMENTS INTO THE WORKFORCE AND INNOVATION INITIATIVES LED BY THE FUNDING OF MINNESOTA ENERGY ALLEY, AND KEY UPDATES TO COMMERCIAL BUILDING CODES AND INVESTMENTS INTO ELECTRIC VEHICLES AND INFRASTRUCTURE WHICH WILL ACCELERATE DECARBONIZATION IN THE TRANSPORTATION AND BUILDINGS SECTOR. NOTABLE INVESTMENTS ALSO INCLUDED A $15 MILLION GRANT FOR A HIGH VOLTAGE TRANSMISSION LINE BETWEEN NORTH DAKOTA AND MINNESOTA, $13 MILLION TOTAL FOR AN ELECTRIC SCHOOL BUS PROGRAM AND $45 MILLION FOR THE MINNESOTA CLIMATE INNOVATION FINANCE AUTHORITY TO FINANCE CLEAN ENERGY PROJECTS. THE ORGANIZATION ALSO PLAYED KEY ROLES TO SECURE FUNDS THROUGH THE GENERAL FUND AND RENEWABLE DEVELOPMENT ACCOUNT THAT WILL INVEST AND FURTHER EXPAND MARKET OPPORTUNITIES FOR ENERGY EFFICIENCY, SOLAR, ENERGY STORAGE, BIOENERGY, MICROGRIDS, AND OTHER DISTRIBUTED ENERGY RESOURCES. IN ADDITION, CEEM ONCE AGAIN LED THE ROLLOUT OF ITS TWO STATEWIDE ANNUAL REPORTS. THE 2023 MINNESOTA ENERGY FACTSHEET AND THE 2023 CLEAN JOBS MIDWEST - MINNESOTA REPORT WERE WELL-RECEIVED BY THE WALZ-FLANAGAN ADMINISTRATION, POLICYMAKERS, MEDIA, AND THE PUBLIC. BOTH REPORTS SHOWCASED HOW PUBLIC POLICIES IN COMBINATION WITH THE INGENUITY OF THE BUSINESS COMMUNITY ARE HELPING TO STRENGTHEN AND DIVERSIFY THE STATE'S ECONOMY WHILE ELEVATING MINNESOTA'S REPUTATION AS A GO-TO PLACE FOR CLEAN ENERGY BUSINESS. THE DATA IN BOTH REPORTS CONTINUE TO BE USED IN DISCUSSIONS WITH DECISIONMAKERS AND THE PUBLIC AS THE STATE MOVES TOWARDS THE GOAL LAID OUT IN MINNESOTA'S CLIMATE ACTION FRAMEWORK OF ACHIEVING CARBON NEUTRALITY ECONOMY-WIDE BY 2050.

Program 2
Expenses: $133,940

STAKEHOLDER CONVENING:IN 2023, THE ORGANIZATION ALONGSIDE ITS MEMBER BUSINESSES HOSTED AND PARTICIPATED IN NUMEROUS EDUCATIONAL EVENTS, BUSINESS AND POLICY DELEGATIONS, AS WELL AS EXPERT ROUNDTABLES...

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STAKEHOLDER CONVENING:IN 2023, THE ORGANIZATION ALONGSIDE ITS MEMBER BUSINESSES HOSTED AND PARTICIPATED IN NUMEROUS EDUCATIONAL EVENTS, BUSINESS AND POLICY DELEGATIONS, AS WELL AS EXPERT ROUNDTABLES AND PROGRAMS INVOLVING POLICYMAKERS AND THE PUBLIC. ALL OF THESE STAKEHOLDER ENGAGEMENTS AND DISCUSSIONS PROVIDED CEEM THE OPPORTUNITY TO HIGHLIGHT THE ECONOMIC IMPACT, INVESTMENTS, AND JOBS THAT THE CLEAN ENERGY INDUSTRY IS DELIVERING THAT IS HELPING GROW AND STRENGTHEN THE STATE'S ECONOMY. THESE ACTIVITIES INCLUDED HOSTING AND FACILITATING A SERIES OF LUNCH AND LEARNS AND DELEGATIONS OF POLICYMAKERS AND OTHER DECISION MAKERS FOCUSED ON MICROGRIDS AND RESILIENCY, THE FUTURE OF CLEAN TRANSPORTATION, ENERGY INNOVATION IN TRIBES AND NATIVE COMMUNITIES, AND THE INTERCONNECTION OF DATA AND DECARBONIZATION. THE ORGANIZATION ALSO PARTICIPATED IN GOVERNOR WALZ' TRADE MISSION TO AUSTRALIA AS WELL AS LED SEVERAL INTERACTIONS WITH INTERNATIONAL BUSINESS AND TRADE DELEGATIONS INCLUDING HOSTING FINLAND'S AMBASSADOR TO THE US IN COOPERATION WITH THE MINNESOTA TRADE OFFICE. CEEM ALSO HOSTED THE 2024 MINNESOTA LEGISLATIVE PREVIEW EVENT ATTENDED BY OVER 100+ PARTICIPANTS IN-PERSON AS WELL AS ANOTHER 100+ ONLINE FEATURING KEY LEGISLATORS ON HOW THE STATE WILL ACHIEVE THE 100% CLEAN ENERGY BY 2040 LAW AND WHAT'S NEXT FOR IMPLEMENTATION OF THE HISTORIC LAWS PASSED IN THE 2023 MINNESOTA LEGISLATIVE SESSION.

Program 3
Expenses: $200,910

PUBLIC EDUCATION:CLEAN ENERGY ECONOMY MINNESOTA FURTHER ELEVATED THE BUSINESS VOICE SHOWCASING TO THE PUBLIC AND POLICYMAKERS TANGIBLE, REAL-WORLD PROGRESS THAT IS HAPPENING IN ALL CORNERS OF THE...

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PUBLIC EDUCATION:CLEAN ENERGY ECONOMY MINNESOTA FURTHER ELEVATED THE BUSINESS VOICE SHOWCASING TO THE PUBLIC AND POLICYMAKERS TANGIBLE, REAL-WORLD PROGRESS THAT IS HAPPENING IN ALL CORNERS OF THE STATE THAT IS BEING FUELED BY THE INFLATION REDUCTION ACT (IRA) AND OTHER FEDERAL AND STATE POLICIES. THE ORGANIZATION PROVIDED A DIVERSE ARRAY OF COMMUNICATIONS, VIDEOS, LTES, AND OP-ED'S HIGHLIGHTING THE CLEAN ENERGY BUSINESS COMMUNITY, BUSINESS CASE, AND LOCAL ECONOMIC IMPACT AND JOBS SUPPORTED BY THE IRA AND SUITE OF FEDERAL AND STATE POLICIES. CEEM ALSO UNDERTOOK SEVERAL PUBLIC EDUCATIONAL ACTIVITIES REGARDING THE NEED FOR TRANSMISSION CAPACITY EXPANSION IN MISO NORTH ENGAGING AND HELPING TO EDUCATE THE PUBLIC ON THESE CRITICAL INVESTMENTS TO MODERNIZE THE ELECTRICITY GRID TO ENSURE RELIABILITY AND IMPROVE RESILIENCY. TIMELY AND EFFICIENT TRANSMISSION INVESTMENT IS CRITICAL TO MINNESOTA AND THE MIDWEST'S CLEAN ENERGY TRANSITION AS IT WILL UNLOCK THE REGION'S VAST RENEWABLE ENERGY POTENTIAL, PROMOTE MARKET AND BUSINESS EXPANSION, IMPROVE GRID RELIABILITY, AND SUPPORT AMBITIOUS DECARBONIZATION GOALS INCLUDING MINNESOTA'S HISTORIC 100% CLEAN ENERGY BY 2040 LAW PASSED BY THE MINNESOTA LEGISLATURE IN 2023. CEEM ALSO SUCCESSFULLY LED THE DEVELOPMENT AND EXECUTION OF THE 7TH ANNUAL CLEAN ENERGY BUSINESS DAY AT THE CAPITOL. CEEM WORKED WITH GOVERNOR WALZ TO DECLARE MARCH 9, 2023 AS "CLEAN ENERGY BUSINESS DAY" ACROSS MINNESOTA AND THIS IMPORTANT DAY OF EDUCATION INCLUDED OVER 160 BUSINESS LEADERS PARTICIPATING TO SHARE WITH LAWMAKERS THE IMPORTANCE OF STRONG, PREDICTABLE, AND STABLE CLEAN ENERGY POLICIES THAT HELP EXPAND CLEAN, RELIABLE, AND AFFORDABLE ENERGY SOLUTIONS FOR ALL MINNESOTANS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,063,326
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,063,326

Expense Breakdown

Grants Paid $0
Salaries & Benefits $508,471
Fundraising Expenses $51,493
Program Expenses $715,656
Other Expenses $383,738
TOTAL EXPENSES $892,209

Year-over-Year Comparison

2023 2022 Change
Revenue $1,063,326 $667,883 +0.6%
Expenses $892,209 $806,041 +0.1%
Net Income $171,117 $-138,158 -2.2%
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
10
Employees
7
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
3
$124,468
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HOLLY LAHD BOARD CHAIR 2.00
Officer Director
$0 $0 $0
DAN O'NEILL TREASURER 2.00
Officer Director
$0 $0 $0
NINA AXELSON DIRECTOR 1.00
Director
$0 $0 $0
BRADLEY HEITLAND DIRECTOR 1.00
Director
$0 $0 $0
STEVE POLSKI DIRECTOR 1.00
Director
$0 $0 $0
MARTIN MORUD DIRECTOR 1.00
Director
$0 $0 $0
BECKY WACKER DIRECTOR 1.00
Director
$0 $0 $0
JAMIE BORELL DIRECTOR 1.00
Director
$0 $0 $0
TARIQ SAMAD DIRECTOR 1.00
Director
$0 $0 $0
TENA MONSON DIRECTOR 1.00
Director
$0 $0 $0
TUSHAR GANPULE DIRECTOR 1.00
Director
$0 $0 $0
GREGG MAST EXECUTIVE DIRECTOR 40.00
Officer
$117,464 $7,004 $124,468
AMELIA CERLING HENNES MANAGING DIRECTOR 40.00
Highest
$103,174 $3,095 $106,269
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
2024 No data No data No data No data
2023 $1,063,326 $892,209 $247,627 $171,117
2022 $667,883 $806,041 $58,878 $-138,158
2021 $664,959 $647,873 $198,416 $17,086
2020 $660,761 $589,526 $177,032 $71,235
2019 $513,181 $627,121 $104,231 $-113,940
2018 $348,789 $487,676 $220,848 $-138,887
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