Form 990 for tax year 2023

Totals

Total revenue

$13,914,854

Total expenses

$15,762,701

Contributions and grants received

$12,018,687

Grants paid

$0

Program service revenue

$1,296,503

Investment income

$599,664

Other revenue

$0

Total assets, end of year

$15,278,467

Total liabilities, end of year

$2,588,145

Net assets or fund balances, end of year

$12,690,322

Program services expenses (Part IX)

$13,984,899

Management and general expenses

$1,020,642

Fundraising expenses

$757,160

Program service expenses (Part III)

$13,984,899

Program services were 88.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Mission and programs · 2023

• CARBON MANAGEMENTFOSSIL FUELS TODAY PROVIDE THE VAST MAJORITY OF OUR ELECTRICITY, HEATING/COOLING AND TRANSPORTATION FUEL (87% GLOBALLY) AND WILL LIKELY CONTINUE TO PLAY A SIGNIFICANT ROLE FOR DECADES. YET BURNING COAL, OIL, AND NATURAL GAS IS ALSO A PRIMARY CAUSE OF GLOBAL WARMING AND CLIMATE CHANGE, AND A RANGE OF OTHER UNINTENDED AND NEGATIVE OUTCOMES. GPI WORKS TO DEVELOP MARKET-BASED STRATEGIES FOR REDUCING HARMFUL FOSSIL FUEL EMISSIONS AND EFFECTIVE TRANSITION STRATEGIES FOR INDUSTRIES AND COMMUNITIES THAT DEPEND ON FOSSIL FUELS. FOCUS AREAS INCLUDE: EXPANDING EDUCATION, DIALOGUE AND OUTREACH ON FEDERAL CARBON REGULATION IMPLEMENTATION BY CONVENING AND FACILITATING THE STAKEHOLDER GROUPS OF THE MIDCONTINENT STATES ENVIRONMENTAL AND ENERGY REGULATORS (MSEER), PJM STATES GROUP, AND THE MIDWESTERN POWER SECTOR COLLABORATIVE (MPSC); HELPING SHAPE THE NATIONAL DISCOURSE SURROUNDING THE CLEAN POWER PLAN BY PRESENTING TO NUMEROUS GROUPS AND CONFERENCES AROUND THE US; AND SUPPORTING THE DEPLOYMENT OF CARBON CAPTURE AND SEQUESTRATION WITH ENHANCED OIL RECOVERY (CCS-EOR) THROUGH INCENTIVES AND EDUCATION BY CONVENING OF THE NATIONAL ENHANCED OIL RECOVERY INITIATIVE (NEORI) AND THE STATE CCS-EOR GROUP.

  Expenses $5,072,213

• ENERGY SYSTEMSGPI ENVISIONS AN ECONOMY THAT IS INCREASINGLY ELECTRIFIED (INCLUDING TRANSPORTATION AND HEATING), AND AN ENERGY SYSTEM THAT RELIES HEAVILY ON RENEWABLE RESOURCES (WIND, SOLAR, HYDRO, BIOMASS, GEOTHERMAL) AND A ROBUST TRANSMISSION SYSTEM THAT CAN MOVE CLEAN ELECTRICITY FROM ONE PART OF THE COUNTRY TO ANOTHER. AN ELECTRIC GRID DESIGNED FOR CENTRAL STATION POWER PLANTS AND A SIGNIFICANT SHORTAGE OF REGIONAL TRANSMISSION LINES THAT CAN MOVE LARGE AMOUNTS OF REMOTE RENEWABLE ENERGY HAVE BECOME KEY BARRIERS TO MEETING MORE OF OUR ENERGY NEEDS WITH RENEWABLE RESOURCES (E.G., WIND AND SOLAR). GPI'S FOCUS AREAS INCLUDE: 1) WORKING WITH THE MIDCONTINENT INDEPENDENT SYSTEM OPERATOR TO INCREASE THE DEPLOYMENT OF RENEWABLE ELECTRICITY, IMPROVE THE MARKET RULES FOR DEMAND RESPONSE AND INTEGRATE THE FULL RANGE OF DISTRIBUTED ENERGY RESOURCES; 2) WORKING WITH UTILITIES AND OTHER KEY INTERESTS TO REALIGN THE UTILITY BUSINESS MODEL AND REGULATORY FRAMEWORK TO MORE EFFECTIVELY ACHIEVE A LOW-CARBON ENERGY SYSTEM AND MEET EVOLVING CONSUMER DEMANDS (THIS INCLUDES GPI'S NATION-LEADING E21 INITIATIVE AND RELATED WORK WITH MADISON GAS AND ELECTRIC).

  Expenses $5,174,260 · Revenue $1,296,503

• TRANSPORTATION AND FUELSGPI FOCUSES ON TWO MAIN STRATEGIES FOR REDUCING OUR DEPENDENCE ON FOREIGN OIL AND GREENHOUSE GASES IN THE TRANSPORTATION SECTOR; LESS POLLUTING, DOMESTIC FUELS (ELECTRICITY, BIOFUELS, CNG, BIOCNG AND HYDROGEN); AND REDUCING THE NEED FOR DRIVING THROUGH BETTER URBAN DESIGN. PRIORITIES INCLUDE: CONVENING THE BIOECONOMY COALITION OF MINNESOTA MAKING MN THE BEST PLACE IN THE WORLD TO SITE THE DEVELOPMENT OF ADVANCED BIOFUEL, RENEWABLE CHEMICAL, AND BIOMASS THERMAL INDUSTRIES; FACILITATING DRIVE ELECTRIC MINNESOTA A STATEWIDE ELECTRIC VEHICLE PARTNERSHIP WORKING TO EXPAND ELECTRIC VEHICLE OWNERSHIP AND PUBLIC CHARGING INFRASTRUCTURE (THIS MAY EXPAND TO A REGIONAL MIDWESTERN EFFORT); AND COLLABORATING WITH ARGONNE NATIONAL LAB TO MAKE THE GREENHOUSE GASES, REGULATED EMISSIONS, AND ENERGY USE IN TRANSPORTATION MODEL (GREET) MORE ROBUST AND USER-FRIENDLY.

  Expenses $1,585,458

• Expenses $2,152,968

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type

form_990

Tax year

2023

Filed

17 December 2024

IRS schema version

2023v5.1

Source object

202403539349301600

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