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Wolf River Renewable Resources

Not tax-deductible

Isanti, MN501(c)(4)Since 2024Environment EIN 99-1493182Revenue $653K in FY2025

On file with the IRS101 Isanti Pkwy Ne Ste G, 55040-7524 · Isanti, MNTax-exempt since Oct 2024

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To expand access to clean, Renewable energy by offering affordable solar lease options to homeowners. We believe that cost should never be a barrier to sustainability. By removing the upfront financial burden or purchasing solar systems, we empower families to reduce their utility bills, increase energy independence, and contribute to a healthier environment, while building stronger, more resilient communities powered by the sun.

501(c)(4) social-welfare organization; gifts are not tax-deductible as charitable contributions.
Run by 7 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(4)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 2
filings with a surplus
Average surplus $102K a year · 31% of revenue · last 2 filings
Looks good: a surplus in 2 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Cash reserves
5 mo
of spending, in cash
Looks good: 5.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$4.8M
96% of total assets
Concern: liabilities are 96% of assets; over 80%.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$653K
Spent
$450K
Net assets
$200K
By yearFY2024–FY2025
Revenue
$653K
FY2025
Tap a bar for its year
Revenue by fiscal year
FY2024$0
FY2025$653K
Expenses
$450K
FY2025
Tap a bar for its year
Expenses by fiscal year
FY2024$0
FY2025$450K
Net assets
$200K
FY2025
Tap a bar for its year
Net assets by fiscal year
FY2024$0
FY2025$200K

From the FY2025 Form 990 · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 2024.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

What each dollar paid for.

Management & general 100% · $450K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

12 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Vladimir Dimitrov
Vice President
$0Pt VII · Sec A
Jon Latcham
Treasurer
$0Pt VII · Sec A
Alex Farley
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Luka Bozek
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Wolf River Renewable Resources executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provide affordable solar leases to expand access to clean, renewable energy.

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2 programs · in their own filed words · FY2025
01

In q3 of 2025 we launched our prepaid lease program simply as a result of the demand for a prepaid lease. The new prepaid program doesn't result in "DAY-1" savings, but it saves families thousands of dollars over the 25-YEAR period that a traditional lease would cover. This is our "savings on top of savings" product.

Pt IX · col B
02

Fiscal year 2025 the solar lease program launched in q4 of fiscal year 2024, and, while ultimately successful, it didn't gain much traction until q2 of 2025. 2025 is the 2ND year of the lease program and we installed 23 systems using our traditional lease product, which allowed 23 families to realize day 1 savings without anything out of…

Pt IX · col B

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$653K
Ln 12
Fees for servicesLn 2g$653K
Investment incomeLn 3$1
Money outPt IX
$450K
Ln 25
Managementcol C$450K
Owns and owesPt X
$200K
net assets · Ln 32
Cash and savingsLn 1–2$192K
Total assetsLn 16$5.0M
LiabilitiesLn 26$4.8M
PeoplePt VI, VII
12
listed · VII A
PaidVII A0
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$653K
Investment incomeLn 3$1
Total revenueLn 12$653K
Assets in detailPt X, end of year
CashLn 1$192K
Cash and savings togetherLn 1–2$192K
Land, buildings, equipmentLn 10c$3.1M
Other assetsLn 15$1.5M
Total assetsLn 16$5.0M
LiabilitiesLn 26$4.8M
Net assetsLn 32$200K
OperationsPt I, VI
EmployeesI 50
VolunteersI 67
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$192K
Land, buildings, equipmentLn 10c$276K$3.1M
Total assetsLn 16$518K$5.0M
LiabilitiesLn 26$518K$4.8M
Net assetsLn 32$0$200K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
InterestLn 20$12K$12K
Depreciation, depletion and amortizationLn 22$437K$437K
Total functional expensesLn 25$450K$0$450K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $653K$450K$204K$200K 990 PDF
FY2024Filed with the IRS Nov 14, 2025 $0$0$0$0 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $653,231 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $0$653,230
I-10 Investment incomePrior year $0$1
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $0$653,231
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $0$449,558
I-18 Total expensesPrior year $0$449,558
I-19 Revenue less expensesPrior year $0$203,673
Part VI · Governance 12 of 12 board members independent, 4 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $653,231 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $653,230$653,230
VIII-3 Investment incomeExcluded from tax $1$1
VIII-12 Total revenueRelated to mission $653,230 · Unrelated business $0 · Excluded from tax $1$653,231
Part IX · Statement of functional expenses $449,558 across 2 lines filed
IX-20 InterestManagement $12,429$12,429
IX-22 Depreciation, depletion and amortizationManagement $437,129$437,129
IX-25 Total functional expensesPrograms $0 · Management $449,558 · Fundraising $0$449,558
Part X · Balance sheet $5,045,442 assets, 12 lines filed
X-1 Cash, non-interest-bearing$192,225
X-4 Accounts receivable$189,155
X-10c Land, buildings and equipment, netStart of year $275,975$3,130,062
X-15 Other assetsStart of year $241,583$1,534,000
X-16 Total assetsStart of year $517,558$5,045,442
X-17 Accounts payable and accrued expenses$1,310,435
X-24 Unsecured notes and loans payableStart of year $275,975$2,000,840
X-25 Other liabilitiesStart of year $241,583$1,534,000
X-26 Total liabilitiesStart of year $517,558$4,845,275
X-27 Net assets without donor restrictionsStart of year $0$200,167
X-32 Total net assets or fund balancesStart of year $0$200,167
X-33 Total liabilities and net assetsStart of year $517,558$5,045,442
Part XI · Reconciliation of net assets $200,167 net assets at year end
XI-1 Total revenue$653,231
XI-2 Total expenses$449,558
XI-3 Revenue less expenses$203,673
XI-4 Net assets at start of year$0
XI-6 Donated services and use of facilities−$3,506
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$200,167

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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