Slipstream Group Inc
- Assets
- $35.9m
- Revenue
- $48.3m
- Investments
- $0.0
- Employees
- 180
- Location
- Madison, WI
- Founding
- 07/1980
- Data as of
- 12/2021
- EIN
- 39-1356152
Organization Overview
Slipstream Group Inc is located in Madison, WI. The organization was established in 1980. According to its NTEE Classification (C35) the organization is classified as: Energy Resources Conservation & Development, under the broad grouping of Environment and related organizations. As of 12/2021, Slipstream Group Inc employed 180 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Slipstream Group 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 12/2021, Slipstream Group Inc generated $48.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $42.3m during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
ACCELERATE CLIMATE SOLUTIONS. FOR EVERYONE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EFFICIENCY AT SCALE: WE IMPLEMENT PILOT AND FULL-SCALE ENERGY EFFICIENCY PROGRAMS FOR UTILITIES AND GOVERNMENTS. WE SPECIALIZE IN PROGRAMS THAT ADDRESS UNDERSERVED CUSTOMERS, LIKE IMPROVING THE ENERGY EFFICIENCY OF MANUFACTURED HOUSING. OUR EXPERTISE INCLUDES INNOVATIVE COMMERCIAL AND AFFORDABLE HOUSING NEW CONSTRUCTION PROGRAMS, THE NEXT GENERATION OF COMMERCIAL LIGHTING SOLUTIONS, RESIDENTIAL LIGHTING PROGRAMS AS WELL AS OTHER COMMERCIAL AND RESIDENTIAL PROGRAMS THAT FOCUS ON LASTING CHANGES TO ENERGY CONSUMPTION. WE HAVE A GROWING FOCUS ON ELECTRIFICATION TECHNOLOGIES, INCLUDING ELECTRIC VEHICLES.
FINANCING FOR A LOW-CARBON FUTURE: SLIPSTREAM PROVIDES FINANCING PROGRAMS TO ENABLE GOVERNMENT AND UTILITY CUSTOMERS TO COMPLETE ENERGY IMPROVEMENTS. OUR CORE COMPETENCIES INCLUDE PROPERTY ASSESSED CLEAN ENERGY FINANCE (PACE) IN THE COMMERCIAL SECTOR, LENDING PROGRAMS FOR HOME ENERGY RETROFITS, AND INNOVATIVE FINANCING TO MAKE IT EASIER FOR LOW-INCOME HOMEOWNERS TO COMPLETE ENERGY IMPROVEMENTS.
EMERGING TECHNOLOGIES AND HUMAN FACTORS: OUR RESEARCH FOCUSES ON THE DISCOVERY AND TESTING OF TECHNOLOGY THAT DRIVES DOWN CARBON EMISSIONS DUE TO BUILDINGS. THE RESEARCH RANGES FROM FIELD TESTING OF THE ENERGY PERFORMANCE OF NEW TECHNOLOGIES TO PIONEERING APPROACHES TO GRID-INTERACTIVE EFFICIENT BUILDINGS. WE STUDY MARKET CONDITIONS AROUND ELECTRIFICATION AND OTHER LOW-CARBON TECHNOLOGIES AND TEST BETTER WAYS TO REACH MARKETS WHERE TRADITIONAL ENERGY EFFICIENCY PROGRAMS HAVE PERFORMED POORLY. LASTLY WE STUDY THE LINK BETWEEN CLEAN ENERGY AND HEALTH, WITH A FOCUS ON AFFORDABLE HOUSING AND LOW-INCOME WEATHERIZATION.
EDUCATION AND TRAINING: AS PART OF OUR MISSION TO SCALE SOLUTIONS, WE PROVIDE EDUCATIONAL PROGRAMMING AROUND CLEAN ENERGY TECHNOLOGIES AND EQUITY IN ENERGY TO OVER 10,000 ENERGY PROFESSIONALS ANNUALLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Franklin Greb President & CEO | Officer | 40 | $207,539 |
Puja Vohra Director Of Business Development | 40 | $190,655 | |
Karen Weigert Executive Vice President | Officer | 40 | $177,935 |
Margaret Anderson Executive Vice President Mrkt Dev | Officer | 40 | $160,183 |
Amanda Berg VP Operations/cfo | Officer | 40 | $156,602 |
Douglas Ahl Executive Vice President | 40 | $142,467 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Nyss Llc Implement Energy Efficiency Programs | 12/30/21 | $12,514,139 |
San Mark Sales Llc Implement Energy Efficiency Programs | 12/30/21 | $3,018,350 |
Laury Heating Cooling Llc Implement Energy Efficiency Programs | 12/30/21 | $2,738,103 |
Kasselman Solar Llc Implement Energy Efficiency Programs | 12/30/21 | $3,201,761 |
Green Team Li Implement Energy Efficiency Programs | 12/30/21 | $2,790,152 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,061,013 |
| All other contributions, gifts, grants, and similar amounts not included above | $251,074 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,312,087 |
| Total Program Service Revenue | $40,771,594 |
| Investment income | $150,307 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$60,855 |
| Net Gain/Loss on Asset Sales | $30,987 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $48,286,004 |
| 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. | $1,039,027 |
| Compensation of current officers, directors, key employees. | $907,136 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,680,345 |
| Pension plan accruals and contributions | $637,201 |
| Other employee benefits | $1,186,687 |
| Payroll taxes | $875,653 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $16,329 |
| Fees for services: Accounting | $49,820 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $10,983 |
| Fees for services: Other | $3,973,250 |
| Advertising and promotion | $473,773 |
| Office expenses | $492,815 |
| Information technology | $764,463 |
| Royalties | $0 |
| Occupancy | $290,647 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $80,607 |
| Conferences, conventions, and meetings | $72,281 |
| Interest | $103,692 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $315,727 |
| Insurance | $165,959 |
| All other expenses | $165,921 |
| Total functional expenses | $42,282,139 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,930,907 |
| Savings and temporary cash investments | $15,908,685 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,833,476 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $718,300 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $375,809 |
| Net Land, buildings, and equipment | $5,794,899 |
| Investments—publicly traded securities | $1,289,210 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $35,851,286 |
| Accounts payable and accrued expenses | $5,342,199 |
| Grants payable | $0 |
| Deferred revenue | $693,215 |
| 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 | $2,098,765 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $9,657,860 |
| Total liabilities | $17,792,039 |
| Net assets without donor restrictions | $17,880,887 |
| Net assets with donor restrictions | $178,360 |
| 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 | $35,851,286 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Slipstream Group Inc has recieved totaling $150,000.
| Awarding Organization | Amount |
|---|---|
Mcknight Foundation Minneapolis, MN PURPOSE: TO UNIFY WISCONSIN UTILITIES AND OTHER STAKEHOLDERS IN A MARKET TRANSFORMATION STRATEGY THAT ACCELERATES ELECTRIC VEHICLE ADOPTION BY INCREASING CONSUMER DEMAND WHILE ALSO INCREASING DEALERSHIPS' SUPPLY AND MOTIVATION TO SELL ELECTRIC VEHICLES | $75,000 |
Mcknight Foundation Minneapolis, MN PURPOSE: TO UNIFY WISCONSIN UTILITIES AND OTHER STAKEHOLDERS IN A MARKET TRANSFORMATION STRATEGY THAT ACCELERATES ELECTRIC VEHICLE ADOPTION BY INCREASING CONSUMER DEMAND WHILE ALSO INCREASING DEALERSHIPS' SUPPLY AND MOTIVATION TO SELL ELECTRIC VEHICLES | $75,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Slipstream Group Inc Madison, WI | $35,851,286 | $48,286,004 |
Elevate Energy Chicago, IL | $26,024,460 | $38,178,610 |
Sustainable Resources Center Inc Minneapolis, MN | $3,332,676 | $9,518,070 |
Illinois Clean Energy Community Foundation Chicago, IL | $107,689,503 | $11,008,652 |
Conservative Energy Network Lansing, MI | $3,495,908 | $7,400,514 |
Michigan Saves Inc Lansing, MI | $18,070,925 | $5,834,358 |
Midwest Energy Efficiency Alliance Chicago, IL | $4,224,945 | $3,338,954 |
Clean Grid Alliance St Paul, MN | $2,848,873 | $3,181,590 |
Center For Neighborhood Technology Chicago, IL | $2,493,900 | $2,988,936 |
Evergreen Climate Innovations Chicago, IL | $8,886,958 | $4,384,622 |
Nextenergy Center Detroit, MI | $5,413,697 | $1,211,953 |
Cleantech Partners Inc Middleton, WI | $8,263,187 | $1,764,935 |