Overview
What is Midwest Energy Research Consortium Inc?
Midwest Energy Research Consortium Inc, established in 2009, is a significant nonprofit organization situated in Milwaukee, Wisconsin. Its mission is to drive innovation in the energy, power, and controls sector by synergizing market insights, technology advancements, and talent development into a novel engine for economic growth. The consortium serves as a catalyst for growth in the region's prominent energy companies, educational institutions, and other stakeholders. With over 50 nationally and internationally recognized members, including industry giants like Johnson Controls and Marquette University, the consortium represents a workforce of over 50% of the region's 100,000-person energy workforce. In 2020, Midwest Energy Research Consortium expanded its talent development program, introducing a training program for electrical assemblers. The consortium's annual sales generate over $38 billion, while its academic members conduct nearly $1.25 billion in transformative research.
Official website here: www.m-werc.org
Is Midwest Energy Research Consortium Inc legitimate?
Midwest Energy Research Consortium Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Midwest Energy Research Consortium 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: $180,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $166,635
For more financial information, click here
Official website here: www.m-werc.org
What is the mission statement of Midwest Energy Research Consortium Inc?
Midwest Energy Research Consortium Inc's mission is centered around driving innovation in the energy, power, and controls sector. They achieve this by aligning market insights, technology innovation, and talent development, including startup incubation, into a new innovation engine. This engine aims to foster economic development and growth. Located in a large cluster of energy, power, and control companies, educational institutions, and stakeholders, Midwest Energy Research Consortium serves as a catalyst for their growth. They do this through technology innovation, advanced research, market development, information sharing, workforce development, and strategic collaboration. The consortium aims to help the sector achieve national leadership in technology, leading to growth in sales and employment. Midwest Energy Research Consortium's membership includes over 50 nationally and internationally recognized industrial members, representing a significant portion of the workforce in the sector. Their academic membership features four of the region's largest universities, and they collaborate with major regional utilities.
Official website here: www.m-werc.org
What is the revenue of Midwest Energy Research Consortium Inc?
Midwest Energy Research Consortium Inc's revenue in 2020 was $1,456,728.
Official website here: www.m-werc.org
Who are the executives of Midwest Energy Research Consortium Inc and what are their salaries?
The average compensation at Midwest Energy Research Consortium Inc during 2020 was $86,659. There are 4 employees and 128 volunteers at Midwest Energy Research Consortium Inc.
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Official website here: www.m-werc.org
Where can I find the form 990 for Midwest Energy Research Consortium Inc?
Midwest Energy Research Consortium Inc's most recent form 990 was submitted in 2020 and can be accessed here.
Official website here: www.m-werc.org
Learn more at the official website: www.m-werc.org
Mission Statement of Midwest Energy Research Consortium Inc
Midwest Energy Research Consortium Inc, a prominent organization in the energy, power, and controls sector, is dedicated to driving innovation. Their mission is to synchronize market insights, technology innovation, and talent and start-up development into a new innovation engine, fueling economic development and growth. By leveraging its extensive network of energy, power, and control companies, educational and research institutions, and other key industry stakeholders, Midwest Energy Research Consortium acts as a catalyst for the growth of these industries. Through technology innovation, advanced research, market development, information sharing, workforce development, and strategic collaboration, the consortium connects and synchronizes the region's expansive assets in a highly synergistic manner. The goal is to help the consortium achieve national leadership in technology, leading to growth in sales and employment. Midwest Energy Research Consortium's membership includes over 50 nationally and internationally recognized industrial members, representing over 50% of the region's workforce engaged in energy, power, and control. These businesses include industry giants such as Johnson Controls, Schneider Electric, Briggs and Stratton, American Transmission Company, and Eaton Corp. The consortium's academic membership features four of the largest universities in the region, and its talent development program activities expanded in 2020, adding a training program for electrical assemblers.
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Impact
October, 2024
Midwest Energy Research Consortium Inc (M-WERC) significantly influences the energy, power, and controls sector in the greater Wisconsin/Midwest region by fostering innovation and economic development. Established in 2009, M-WERC acts as a catalyst, synchronizing the strengths of industry leaders, academic institutions, and relevant stakeholders to drive technological advancement and market development.
Through collaboration and information sharing, M-WERC effectively connects over 50 renowned industrial members, which contribute to more than 50% of the region's 100,000-strong workforce in the energy sector. This network includes prominent companies like Johnson Controls, Schneider Electric, and Eaton Corp, all of which play a crucial role in generating over $38 billion in annual sales.
Additionally, M-WERC's partnerships with major universities and technical colleges enhance workforce development initiatives, with the academic members conducting nearly $1.25 billion in transformative research each year. The organization has also expanded its training programs, such as the recent introduction of training for electrical assemblers, to further meet industry needs.
By promoting advanced research and development alongside strategic public policy efforts, M-WERC aims for national leadership in technology within the energy sector. Its impact extends beyond immediate economic benefits, striving to create a robust innovation ecosystem that supports sustained growth and enhances the region's competitiveness in the global market.
This information is meant to be a general summary of Midwest Energy Research Consortium 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 2020.
- Investment Income: $39,779
- Gross Receipts: $1,506,035
Assets and Liabilities:
- Total Assets: $2,074,471
- Total Liabilities: $2,031,563
- Net Assets: $42,908
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Organization Details
Founding Year
2010
Principal Officer
Elizabeth Thelen
Website
www.m-werc.orgNTEE Category
Code: U40 - Science research
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