Overview
What is Midwest Renewable Energy Tracking System Inc?
The Midwest Renewable Energy Tracking System Inc, based in Minneapolis, Minnesota, is a 501 C (4) non-profit organization. This web-based system serves as a platform for power generators, utilities, marketeers, and reporting entities, facilitating the tracking of renewable energy certificates and thermal certificates across North America. M-RETS registers projects in various states and provinces, ensuring the unique, traceable documentation of each megawatt-hour of renewable energy generated by registered units or imported into its system. By retiring certificates, M-RETS helps entities comply with state policies or serve the voluntary market, preventing double-counting of renewable energy credits. M-RETS acts as a trusted centralized gateway to environmental markets, validating the environmental attributes of energy to ensure accurate and reliable tracking of renewable energy sources.
Official website here: www.mrets.org
Is Midwest Renewable Energy Tracking System Inc legitimate?
Midwest Renewable Energy Tracking System Inc is a legitimate nonprofit organization registered as a 501(c)(4) entity. Midwest Renewable Energy Tracking System Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $1,398,932
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,167,996
For more financial information, click here
Official website here: www.mrets.org
What is the mission statement of Midwest Renewable Energy Tracking System Inc?
The Midwest Renewable Energy Tracking System (M-RETS) serves as a reliable intermediary in environmental markets, validating the environmental attributes of energy. Its primary mission is to act as a centralized gateway, fostering trust in these markets. M-RETS registers various projects across North America and tracks Renewable Energy Certificates (RECs) and Renewable Thermal Certificates (RTCs). It facilitates transactions by issuing unique, traceable digital certificates for each megawatt-hour of renewable energy generated by registered units or imported into its system. Users retire these certificates to comply with state policies or to serve the voluntary market, ensuring that RECs are not double-counted.
Official website here: www.mrets.org
Who is the CEO of Midwest Renewable Energy Tracking System Inc?
Ben Gerber is the CEO of Midwest Renewable Energy Tracking System Inc The CEO's salary of Midwest Renewable Energy Tracking System Inc is $252,775 and their total compensation is $268,352.
Official website here: www.mrets.org
What is the revenue of Midwest Renewable Energy Tracking System Inc?
Midwest Renewable Energy Tracking System Inc's revenue in 2023 was $5,670,609.
Official website here: www.mrets.org
Who are the executives of Midwest Renewable Energy Tracking System Inc and what are their salaries?
The average compensation at Midwest Renewable Energy Tracking System Inc during 2023 was $116,679. There are 22 employees and 11 volunteers at Midwest Renewable Energy Tracking System Inc.
Here are 18 key members and their salaries (Midwest Renewable Energy Tracking System Inc's CEO's salary is $252,775 and their total compensation is $268,352):
- Compensation: $252,775
- Related: $0
- Other: $15,577
- Compensation: $181,267
- Related: $0
- Other: $12,802
- Compensation: $198,542
- Related: $0
- Other: $12,806
- Compensation: $178,479
- Related: $0
- Other: $11,454
- Compensation: $178,063
- Related: $0
- Other: $11,704
- Compensation: $177,712
- Related: $0
- Other: $10,556
- Compensation: $157,270
- Related: $0
- Other: $10,401
- Compensation: $148,000
- Related: $0
- Other: $9,196
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.mrets.org
Where can I find the form 990 for Midwest Renewable Energy Tracking System Inc?
Midwest Renewable Energy Tracking System Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.mrets.org
Learn more at the official website: www.mrets.org
Mission Statement of Midwest Renewable Energy Tracking System Inc
The Midwest Renewable Energy Tracking System (M-RETS) is a centralized, trusted gateway to environmental markets. Established as a non-profit organization, M-RETS validates the environmental attributes of renewable energy to ensure that every megawatt-hour (MWh) of renewable energy generated is accurately tracked and traced. This web-based system serves a diverse range of users, including power generators, utilities, marketers, and qualified reporting entities, across North America.
M-RETS registers projects in various states and provinces, and it issues a unique, traceable digital certificate for every MWh of renewable energy generated by registered units or imported into its system. This certificate system allows users to retire renewable energy certificates (RECS) and renewable thermal certificates (RTCS) to comply with state policy or to serve the voluntary market. By ensuring that RECS are not double-counted, M-RETS plays a crucial role in maintaining the integrity of the renewable energy market.
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Impact
June, 2024
Midwest Renewable Energy Tracking System Inc, through its M-RETS platform, has a significant impact on the renewable energy market. By providing a centralized system for tracking and verifying renewable energy certificates (RECs) and renewable thermal certificates (RTCs), M-RETS ensures the integrity and transparency of renewable energy transactions. This not only helps in meeting state policy requirements but also facilitates participation in voluntary markets, driving the adoption of renewable energy sources.
Furthermore, M-RETS plays a crucial role in preventing the double-counting of RECs, ensuring that renewable energy attributes are accurately accounted for and properly credited to the generating sources. By serving as a trusted intermediary in environmental markets, M-RETS contributes to the promotion of renewable energy development and the overall transition towards a cleaner, more sustainable energy future.
Ultimately, the impact of Midwest Renewable Energy Tracking System Inc extends beyond its operational scope, positively influencing the renewable energy industry by fostering trust, transparency, and efficiency in environmental attribute tracking and trading.
This information is meant to be a general summary of Midwest Renewable Energy Tracking System Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $29,245
- Program Service Revenue: $5,641,364
- Gross Receipts: $5,670,609
Assets and Liabilities:
- Total Assets: $5,568,643
- Total Liabilities: $718,100
- Net Assets: $4,850,543
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RETIREMENT FEES
Revenue
$2,607,781
ISSUANCE FEES
Revenue
$1,508,195
SUBSCRIPTION FEES
Revenue
$718,723
STRATEGIC DEVELOPMENT
Revenue
$692,309
OTHER FEES
Revenue
$114,356
Organization Details
Founding Year
2008
Principal Officer
Ben Gerber
Website
www.mrets.orgNTEE Category
Code: C20 - Environment
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