VERMONT ENERGY INVESTMENT CORP: Form 990, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
VERMONT ENERGY INVESTMENT CORP (EIN 03-0304418)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-11-12
IRS object ID
202443179349300629
Schema version
2023v5.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2024-11-12T08:01:54-06:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN030225774PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1GALLAGHER FLYNN & COMPANY LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1725 COMMUNITY DRIVE SUITE 401AddressLine1Txt
CitySOUTH BURLINGTONCityNm
State AbbreviationVTStateAbbreviationCd
ZIP05403ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN030304418EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1VERMONT ENERGY INVESTMENT CORPORATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlVERMBusinessNameControlTxt
Phone8006396069PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line120 WINOOSKI FALLS WAY 5TH FLOORAddressLine1Txt
CityWINOOSKICityNm
State AbbreviationVTStateAbbreviationCd
ZIP05404ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonKATHERINE MEYERSPersonNm
Person TitleCFOPersonTitleTxt
Phone8006396069PhoneNum
Signature2024-10-08SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info Curr0IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonAMY L WOOD CPAPreparerPersonNm
PTINP02385259PTIN
Phone8028631331PhoneNum
Preparation2024-10-08PreparationDt
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2024-10-15 13:58:12ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerKATHERINE MEYERSPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line120 WINOOSKI FALLS WAY 5TH FLOORAddressLine1Txt
CityWINOOSKICityNm
State AbbreviationVTStateAbbreviationCd
ZIP05404ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$123,099,830GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.VEIC.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1986FormationYr
Legal Domicile StateVTLegalDomicileStateCd
Activity Or MissionVEIC IS A SUSTAINABLE ENERGY COMPANY ON A MISSION TO GENERATE THE ENERGY (CONTINUES IN SCHED O)(CONTINUED) SOLUTIONS THE WORLD NEEDS.ActivityOrMissionDesc
Voting Members Governing Body11VotingMembersGoverningBodyCnt
Voting Members Independent11VotingMembersIndependentCnt
Total Employee388TotalEmployeeCnt
Total Volunteers0TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$1,433,207PYContributionsGrantsAmt
CY Contributions Grants$7,097,422CYContributionsGrantsAmt
PY Program Service Revenue$107,168,277PYProgramServiceRevenueAmt
CY Program Service Revenue$115,279,421CYProgramServiceRevenueAmt
PY Investment Income$144,183PYInvestmentIncomeAmt
CY Investment Income$722,987CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$108,745,667PYTotalRevenueAmt
CY Total Revenue$123,099,830CYTotalRevenueAmt
PY Grants And Similar Paid$734,368PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$2,462,715CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$37,321,388PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$42,585,071CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$68,234,636PYOtherExpensesAmt
CY Other Expenses$75,977,524CYOtherExpensesAmt
PY Total Expenses$106,290,392PYTotalExpensesAmt
CY Total Expenses$121,025,310CYTotalExpensesAmt
PY Revenues Less Expenses$2,455,275PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$2,074,520CYRevenuesLessExpensesAmt
Total Assets BOY$52,044,292TotalAssetsBOYAmt
Total Assets EOY$52,913,819TotalAssetsEOYAmt
Total Liabilities BOY$25,193,109TotalLiabilitiesBOYAmt
Total Liabilities EOY$23,988,116TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$26,851,183NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$28,925,703NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionVEIC IS A SUSTAINABLE ENERGY COMPANY ON A MISSION TO GENERATE THE ENERGY SOLUTIONS THE WORLD NEEDS (CONTINUES IN SCHEDULE O). (CONTINUED) FOR OVER 35 YEARS VEIC HAS BEEN WORKING WITH GOVERNMENTS, UTILITIES, FOUNDATIONS AND BUSINESSES ACROSS NORTH AMERICA TO DEVELOP AND DEPLOY CLEAN ENERGY SERVICES THAT PROVIDE IMMEDIATE AND LASTING CHANGE. WITH EXPERTISE IN ENERGY EFFICIENCY, BUILDING AND TRANSPORTATION ELECTRIFICATION, AND NEW APPROACHES FOR A CLEAN AND FLEXIBLE GRID, VEIC BRINGS INNOVATIVE SOLUTIONS TO THE MARKET THAT MEET GOALS AND REDUCE GREENHOUSE GAS (GHG). VEIC IS NATIONALLY RECOGNIZED FOR DEVELOPING PILOTS AND PROGRAMS THAT OPTIMIZE ENERGY USE, REDUCE ENERGY BURDENS FOR LOW-INCOME CUSTOMERS, AND ADVANCE NEW TECHNOLOGIES. IN ADDITION TO OUR FULL-SERVICE CONSULTING BUSINESS, VEIC ADMINISTERS THREE LARGE-SCALE SUSTAINABLE ENERGY PROGRAMS: EFFICIENCY VERMONT, EFFICIENCY SMART, AND THE DC SUSTAINABLE ENERGY UTILITY (DCSEU).MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$60,143,557ExpenseAmt
Grant$0GrantAmt
Revenue$62,231,449RevenueAmt
DescEFFICIENCY VERMONT WORKS WITH PARTNERS TO HELP THE STATE TRANSITION TO MORE AFFORDABLE, LOW CARBON ENERGY USE THROUGH EDUCATION, INCENTIVES, AND SUPPORT FOR OUR CLEAN ENERGY WORKFORCE. THE INVESTMENTS THAT VERMONTERS HAVE MADE IN ENERGY EFFICIENCY SINCE EFFICIENCY VERMONT'S INCEPTION IN 2000 WILL SAVE THEM OVER $3 BILLION OVER THE LIFETIME OF THOSE INVESTMENTS, AND AVOID OVER 13 MILLION TONS OF CO2E.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$36,715,387ExpenseAmt
Grant$0GrantAmt
Revenue$38,250,220RevenueAmt
DescTHE DC SUSTAINABLE ENERGY UTILITY (DCSEU) IS THE ONLY UTILITY IN THE COUNTRY THAT COMBINES ENERGY SAVINGS GOALS WITH SOCIAL EQUITY GOALS. SINCE 2011, THE DCSEU HAS HELPED DISTRICT RESIDENTS, BUSINESSES, AND INSTITUTIONS GENERATE MORE THAN $1.4 BILLION IN LIFETIME ENERGY COST SAVINGS, AND PREVENT MORE THAN 6.2 MILLION TONS OF GREENHOUSE GAS EMISSIONS. THE DCSEU HAS INVESTED MORE THAN $50 MILLION IN ENERGY EFFICIENCY AND RENEWABLE ENERGY PROJECTS IN LOW-INCOME COMMUNITIES. OUR WORK IS BUILDING A BRIGHTER ECONOMIC, ENVIRONMENTAL, AND ENERGY FUTURE FOR THE DISTRICT. (CONTINUES IN SCHEDULE O) (CONTINUED) IN 2023, THE DCSEU'S EFFORTS GENERATED $149 MILLION IN LIFETIME COST SAVINGS FOR DC RESIDENTS AND BUSINESSES, CREATED 94 GREEN JOBS FOR DISTRICT RESIDENTS, AND PREVENTED 688,000 MTCO2E IN LIFETIME GREENHOUSE GAS EMISSIONS, THE EQUIVALENT OF 77 MILLION GALLONS OF GASOLINE CONSUMED.Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

FieldValueIRS element (for citing)
Expense$3,272,185ExpenseAmt
Grant$0GrantAmt
Revenue$3,533,645RevenueAmt
DescEFFICIENCY SMART HELPS PARTICIPATING MUNICIPAL ELECTRIC UTILITIES AND THEIR CUSTOMERS REDUCE THEIR ENERGY USE AND SAVE MONEY THROUGH TECHNICAL ASSISTANCE AND FINANCIAL INCENTIVES. SINCE 2011, EFFICIENCY SMART HAS SERVED MORE THAN 65 OF AMERICAN MUNICIPAL POWER'S MEMBER UTILITIES IN FOUR STATES. IN 2023, EFFICIENCY SMART ASSISTED AN ESTIMATED 2,914 RESIDENTIAL HOUSEHOLDS AND 193 BUSINESSES. THESE CUSTOMERS WILL REALIZE MORE THAN $27.6 MILLION IN SAVINGS OVER THE LIFETIME OF THE PRODUCTS THEY INSTALLED IN. IN ADDITION, PARTICIPATING MUNICIPAL ELECTRIC UTILITIES SAVED MORE THAN $15.5 MILLION IN ENERGY, CAPACITY AND TRANSMISSION COSTS.Desc

Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp

FieldValueIRS element (for citing)
Expense$16,065,588ExpenseAmt
Grant$2,462,715GrantAmt
Revenue$11,328,279RevenueAmt
DescVEIC PROVIDES NATIONAL AND INTERNATIONAL CONSULTING SERVICES TO UTILITIES, BUSINESSES, GOVERNMENT AGENCIES, MUNICIPALITIES, AND FOUNDATIONS. WE WORK WITH OUR CLIENTS TO DECARBONIZE THEIR ENERGY SYSTEMS THROUGH OUR FOUR CORE SERVICES: ENERGY EFFICIENCY, BUILDING DECARBONIZATION, TRANSPORTATION ELECTRIFICATION, AND MAKING ELECTRICITY GRIDS CLEAN AND FLEXIBLE. WE HELP OUR CLIENTS SAVE ENERGY, REDUCE GREENHOUSE GAS EMISSIONS, AND ADVANCE SOCIAL AND ECONOMIC EQUITY. IN 2023, VEIC'S CONSULTING SERVED MORE THAN 146 CLIENTS WITH 24% OF OUR ORGANIZATION WIDE CONSULTING WORK HAVING AN EXPLICIT FOCUS ON LOW TO MODERATE INCOME COMMUNITIES. IN 2023, VEIC EXPENDED $7,097,422 IN FEDERAL GRANTS FUNDED BY THE CORONAVIRUS STATE AND LOCAL FISCAL RECOVERY FUNDS.Desc
FieldValueIRS element (for citing)
Total Other Prog Srvc Expense$16,065,588TotalOtherProgSrvcExpenseAmt
Total Other Prog Srvc Grant$2,462,715TotalOtherProgSrvcGrantAmt
Total Other Prog Srvc Revenue$11,328,279TotalOtherProgSrvcRevenueAmt
Total Program Service Expenses$116,196,717TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying ActivitiesYes (1)LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit CounselingYes (1)CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other AssetsYes (1)ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (1)ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign OfficeYes (1)ForeignOfficeInd
Foreign ActivitiesYes (1)ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To OrganizationsYes (1)GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded EntityYes (1)DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document485IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee388EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members11GoverningBodyVotingMembersCnt
Independent Voting Member11IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldCAStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonKATHERINE MEYERSPersonNm
Phone8026586060PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line120 WINOOSKI FALLS WAY 5TH FLOORAddressLine1Txt
CityWINOOSKICityNm
State AbbreviationVTStateAbbreviationCd
ZIP05404ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (24 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtOfficerOfficerIndKey EmployeeKeyEmployeeIndHighest Compensated EmployeeHighestCompensatedEmployeeInd
MARC MIHALY
DIRECTOR1.00Yes (X)$1,500$0$0
DIANNE DILLON-RIDGLEY
DIRECTOR1.00Yes (X)$2,000$0$0
NANCY OWENS
VICE CHAIR1.00Yes (X)$4,250$0$0Yes (X)
ISABELINA NAHMENS
DIRECTOR1.00Yes (X)$2,000$0$0
ELLEN ZUCKERMAN
CHAIR1.00Yes (X)$2,500$0$0Yes (X)
JANET BESSER
DIRECTOR1.00Yes (X)$0$0$0
CEDERICK ANTHONY PICKETT
DIRECTOR1.00Yes (X)$2,000$0$0
OSWALDO ACOSTA
TREASURER1.00Yes (X)$3,000$0$0Yes (X)
BRANDI COLANDER
DIRECTOR1.00Yes (X)$2,500$0$0
MERRIAN BORGESON
DIRECTOR1.00Yes (X)$2,000$0$0
DALE BRYK
DIRECTOR1.00Yes (X)$1,000$0$0
JACOB PARK
DIRECTOR1.00Yes (X)$1,000$0$0
TONY PICKETT
SECRETARY1.00Yes (X)$0$0$0Yes (X)
REBECCA FOSTER
CHIEF EXECUTIVE OFFICER37.50$315,599$0$14,670Yes (X)
KATHERINE MEYERS
CHIEF FINANCIAL OFFICER37.50$200,641$0$9,850Yes (X)
STEPHANIE PHILLIPS
CHIEF GENERAL COUNSEL37.50$178,144$0$8,690Yes (X)
PETER WALKE
MANAGING DIRECTOR, EFFICIENCY VT37.50$183,180$0$3,311Yes (X)
LOUIS HUTCHINSON
CHIEF OPERATING OFFICER37.50$190,988$0$1,933Yes (X)
ERNEST JOLLY
MANAGING DIRECTOR, DCSEU37.50$228,997$0$2,254Yes (X)
MATTHEW DOOLEY
MANAGING DIRECTOR, ENERGY SERVICES37.50$210,434$0$9,454Yes (X)
ANGELA JOHNSON
DIRECTOR, FINANCE, DCSEU37.50$186,090$0$9,579Yes (X)
PIERRE VAN DER MERWE
CHIEF TECHNOLOGY OFFICER37.50$187,385$0$11,937Yes (X)
LISA HARRIS
CHIEF PEOPLE OFFICER37.50$206,497$0$6,740Yes (X)
BRIAN KEALOHA
CHIEF GROWTH AND IMPACT OFFICER37.50$206,795$0$2,035Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$2,318,500TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$80,453TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K68IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
CAPSTONE COMMUNITY ACTION INC
20 GABLE PLACEBARREVT05641CUSTOMER INCENTIVE PROCESSOR$2,947,817
PEER CONSULTANTS PC
409 12TH ST SW SUITE 603WASHINGTONDC20024TEMP STAFFING AGENCY$771,378
SWIPEJOBS
PO BOX 205521DALLASTX75320TEMP STAFFING AGENCY$583,619
ASPEN OF DC INC
1315 IRVING ST NWWASHINGTONDC20010TEMP STAFFING AGENCY$393,895
INSTITUTE FOR MARKET TRANSFORMATION
1707 L STREET NW SUITE 1050WASHINGTONDC20036ENERGY CONSULTANT$246,983
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K10CntrctRcvdGreaterThan100KCnt
Government Grants$7,097,422GovernmentGrantsAmt
Total Contributions$7,097,422TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (4 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
ENERGY EFFICENCY UTILITIES561000$102,279,432$102,279,432
ENERGY SERVICES: CONSULTING541700$11,256,546$11,256,546
PERFORMANCE INCENTIVE AWARDS541700$1,735,912$1,735,912
PROJECT REVENUE541700$7,531$7,531
FieldValueIRS element (for citing)
Total Program Service Revenue$115,279,421TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$722,987TotalRevenueColumnAmt
Related Or Exempt Func Income$64,172RelatedOrExemptFuncIncomeAmt
Exclusion$658,815ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$123,099,830TotalRevenueColumnAmt
Related Or Exempt Func Income$115,343,593RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$658,815ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$2,462,715TotalAmt
Program Services$2,462,715ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$1,455,915TotalAmt
Program Services$401,076ProgramServicesAmt
Management And General$1,054,839ManagementAndGeneralAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$33,603,225TotalAmt
Program Services$24,610,092ProgramServicesAmt
Management And General$8,993,133ManagementAndGeneralAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$1,128,763TotalAmt
Program Services$856,090ProgramServicesAmt
Management And General$272,673ManagementAndGeneralAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$3,778,029TotalAmt
Program Services$2,798,167ProgramServicesAmt
Management And General$979,862ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$2,619,139TotalAmt
Program Services$1,910,858ProgramServicesAmt
Management And General$708,281ManagementAndGeneralAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$59,611TotalAmt
Management And General$59,611ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$79,700TotalAmt
Management And General$79,700ManagementAndGeneralAmt

Fees For Services Lobbying FeesForServicesLobbyingGrp

FieldValueIRS element (for citing)
Total$78,000TotalAmt
Management And General$78,000ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$7,626,919TotalAmt
Program Services$7,132,057ProgramServicesAmt
Management And General$494,862ManagementAndGeneralAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$1,651,595TotalAmt
Program Services$1,651,546ProgramServicesAmt
Management And General$49ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$515,832TotalAmt
Program Services$267,870ProgramServicesAmt
Management And General$247,962ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$1,980,116TotalAmt
Program Services$1,333,853ProgramServicesAmt
Management And General$646,263ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$549,737TotalAmt
Program Services$315,285ProgramServicesAmt
Management And General$234,452ManagementAndGeneralAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$508,078TotalAmt
Program Services$354,085ProgramServicesAmt
Management And General$153,993ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$556,125TotalAmt
Program Services$216,281ProgramServicesAmt
Management And General$339,844ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$405,176TotalAmt
Management And General$405,176ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmt
INCENTIVE PAYMENTS$59,254,526$59,254,526
EQUIPMENT AND SOFTWARE$1,605,644$471,309$1,134,335
OTHER EXPENSES$1,106,465$529,012$577,453
G&A ALLOC. TO PROGRAMS$0$11,631,895-$11,631,895

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$121,025,310TotalAmt
Program Services$116,196,717ProgramServicesAmt
Management And General$4,828,593ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$1,377,969BOYAmt
EOY$1,442,651EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$12,845,617BOYAmt
EOY$18,395,044EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$20,062,046BOYAmt
EOY$16,586,939EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

FieldValueIRS element (for citing)
BOY$1,532,985BOYAmt
EOY$961,803EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

FieldValueIRS element (for citing)
BOY$12,686BOYAmt
EOY$6,769EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$1,372,051BOYAmt
EOY$1,377,042EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$8,023,727LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$6,533,663LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$1,525,256BOYAmt
EOY$1,490,064EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

FieldValueIRS element (for citing)
BOY$81,005BOYAmt
EOY$85,974EOYAmt

Intangible Assets IntangibleAssetsGrp

FieldValueIRS element (for citing)
BOY$5,315BOYAmt
EOY$5,315EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$13,229,362BOYAmt
EOY$12,562,218EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$52,044,292BOYAmt
EOY$52,913,819EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$12,271,007BOYAmt
EOY$12,093,165EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$169,898BOYAmt
EOY$226,274EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$2,551,319BOYAmt
EOY$2,439,338EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$10,200,885BOYAmt
EOY$9,229,339EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$25,193,109BOYAmt
EOY$23,988,116EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$26,851,183BOYAmt
EOY$28,925,703EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$26,851,183BOYAmt
EOY$28,925,703EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$52,044,292BOYAmt
EOY$52,913,819EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$2,074,520ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Consolidated Basis Fincl StmtYes (X)ConsolidatedBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit RequiredYes (1)FederalGrantAuditRequiredInd
Federal Grant Audit PerformedYes (1)FederalGrantAuditPerformedInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Publicly Supported Org509a2Yes (X)PubliclySupportedOrg509a2Ind

Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus3 Years$16,385,584CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$500,673CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,433,207CurrentTaxYearMinus1YearAmt
Current Tax Year$7,097,422CurrentTaxYearAmt
Total$25,416,886TotalAmt

Gross Receipts Admissions GrossReceiptsAdmissionsGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$98,862,994CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$105,166,186CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$94,367,863CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$107,159,850CurrentTaxYearMinus1YearAmt
Current Tax Year$115,329,654CurrentTaxYearAmt
Total$520,886,547TotalAmt

Total509 Total509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$98,862,994CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$121,551,770CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$94,868,536CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$108,593,057CurrentTaxYearMinus1YearAmt
Current Tax Year$122,427,076CurrentTaxYearAmt
Total$546,303,433TotalAmt

Amounts Rcvd Dsqlfy Person AmountsRcvdDsqlfyPersonGrp

FieldValueIRS element (for citing)
Current Tax Year Minus3 Years$16,385,584CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$500,673CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,433,207CurrentTaxYearMinus1YearAmt
Current Tax Year$7,097,422CurrentTaxYearAmt
Total$25,416,886TotalAmt

Substantial Contributors Amt SubstantialContributorsAmtGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Subst And Dsqlfy Prsns Tot SubstAndDsqlfyPrsnsTotGrp

FieldValueIRS element (for citing)
Current Tax Year Minus3 Years$16,385,584CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$500,673CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,433,207CurrentTaxYearMinus1YearAmt
Current Tax Year$7,097,422CurrentTaxYearAmt
Total$25,416,886TotalAmt
FieldValueIRS element (for citing)
Public Support Total509$520,886,547PublicSupportTotal509Amt

Gross Investment Income509 GrossInvestmentIncome509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$155,116CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$110,380CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$82,834CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$144,183CurrentTaxYearMinus1YearAmt
Current Tax Year$658,815CurrentTaxYearAmt
Total$1,151,328TotalAmt

Investment Income And UBTI InvestmentIncomeAndUBTIGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$155,116CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$110,380CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$82,834CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$144,183CurrentTaxYearMinus1YearAmt
Current Tax Year$658,815CurrentTaxYearAmt
Total$1,151,328TotalAmt

Other Income509 OtherIncome509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus2 Years-$16,078CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$8,427CurrentTaxYearMinus1YearAmt
Current Tax Year$13,939CurrentTaxYearAmt
Total$6,288TotalAmt

Total Support Calendar Year TotalSupportCalendarYearGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$99,018,110CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$121,662,150CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$94,935,292CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$108,745,667CurrentTaxYearMinus1YearAmt
Current Tax Year$123,099,830CurrentTaxYearAmt
Total$547,461,049TotalAmt
FieldValueIRS element (for citing)
Public Support CY5090.95150PublicSupportCY509Pct
Public Support PY5090.96310PublicSupportPY509Pct
Investment Income CY0.00210InvestmentIncomeCYPct
Investment Income PY0.00110InvestmentIncomePYPct
Thirty Thr Pct Suprt Tests CY509Yes (X)ThirtyThrPctSuprtTestsCY509Ind

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp

FieldValueIRS element (for citing)
Form And Line ReferencePART III, SECTION B, LINE 12, OTHER INCOME:FormAndLineReferenceDesc
ExplanationTHIS LINE REPRESENTS THE GAIN (LOSS) FROM SUBSIDIARIES.ExplanationTxt

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule C IRS990ScheduleC

FieldValueIRS element (for citing)
Volunteers0VolunteersInd
Paid Staff Or ManagementYes (1)PaidStaffOrManagementInd
Media Advertisements0MediaAdvertisementsInd
Mailings Members0MailingsMembersInd
Publications Or Broadcast0PublicationsOrBroadcastInd
Grants Other Organizations0GrantsOtherOrganizationsInd
Direct Contact LegislatorsYes (1)DirectContactLegislatorsInd
Direct Contact Legislators$78,000DirectContactLegislatorsAmt
Rallies Demonstrations0RalliesDemonstrationsInd
Other Activities0OtherActivitiesInd
Total Lobbying Expenditures$78,000TotalLobbyingExpendituresAmt
Not Described Section501c30NotDescribedSection501c3Ind

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART II-B, LINE 1:VEIC'S PRIMARY LOBBYING ACTIVITIES WERE RELATED TO STATE GOVERNMENT ACTIVITIES IN VERMONT. VEIC HAS EMPLOYEES WHO ARE REGISTERED LOBBYISTS WITH THE VERMONT SECRETARY OF STATE'S OFFICE. THESE EMPLOYEES DO NOT SPEND A MAJORITY OF THEIR TIME ON LOBBYING. (CONTINUES ON NEXT PAGE) VEIC ALSO EMPLOYS A CONTRACT LOBBYIST WITHIN VERMONT (THE NECRASON GROUP) FOR ASSISTANCE AND SUPPORT ON LEGISLATIVE AND EXECUTIVE BRANCH RELATIONS.
PART II -B - LINE 1B, PAID STAFF OR MANAGEMENT:VEIC EMPLOYEES REGISTERED AS LOBBYISTS CONSIST OF DANIEL REILLY AND PETER WALKE.
PART II -B - LINE 1G, DIRECT CONTACT WITH THE GOVERNMENT:VEIC OCCASIONALLY INTERACTS WITH THE FEDERAL GOVERNMENT ON ISSUES AND LEGISLATION OF INTEREST TO THE ORGANIZATION. THIS PRIMARILY COMES THROUGH CONTACTS WITH THE VERMONT CONGRESSIONAL DELEGATION AND THEIR STAFF, AND WITH FEDERAL AGENCY OFFICIALS (MOSTLY AT THE U.S. DEPARTMENT OF ENERGY, BUT PERIODICALLY ALSO WITH STAFF AT THE COUNCIL ON ENVIRONMENTAL QUALITY, THE USDA, AND OTHER AGENCIES WITH PERIPHERAL ENERGY-RELATED INTERESTS).

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Agent Trustee EtcYes (1)AgentTrusteeEtcInd
Beginning Balance$21,222,498BeginningBalanceAmt
Additions During Year$57,367,895AdditionsDuringYearAmt
Distributions During Year-$59,217,025DistributionsDuringYearAmt
Ending Balance$19,373,368EndingBalanceAmt
Incl Escrow Custodial Acct Liab0InclEscrowCustodialAcctLiabInd

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$319,012OtherCostOrOtherBasisAmt
Depreciation$103,271DepreciationAmt
Book Value$215,741BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$6,697,443OtherCostOrOtherBasisAmt
Depreciation$5,572,250DepreciationAmt
Book Value$1,125,193BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$1,007,272OtherCostOrOtherBasisAmt
Depreciation$858,142DepreciationAmt
Book Value$149,130BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$1,490,064TotalBookValueLandBuildingsAmt

Other Assets Org OtherAssetsOrgGrp (3 entries)

DescDescBook ValueBookValueAmt
ACCRUED INCENTIVE REVENUE$3,528,964
ACCOUNTS RECEIVABLE, LESS CURRENT PORTION$76,374
RIGHT-OF-USE ASSETS - OPERATING LEASES$8,956,880
FieldValueIRS element (for citing)
Total Book Value Other Assets$12,562,218TotalBookValueOtherAssetsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescLEASE LIABILITIES - OPERATINGDesc
Amt$9,229,339Amt
FieldValueIRS element (for citing)
Total Liability$9,229,339TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART IV, LINE 1B:ESCROW AND CUSTODIAL ARRANGEMENT: VEIC SERVED AS THE EFFICIENCY VERMONT FISCAL AGENT OF THE VERMONT ELECTRIC EFFICIENCY UTILITY FUND FUNDS IN 2023. AS FISCAL AGENT AND TRUSTEE OF THESE FUNDS, VEIC IS RESPONSIBLE FOR ONGOING COLLECTION AND DISBURSEMENT OF FUNDS AND MANAGEMENT AND CUSTODY OF FUND BANK ACCOUNTS TO ENSURE ALL OBLIGATIONS ARE MET IN ACCORDANCE WITH REGULATORY GUIDELINES.
PART X, LINE 2:EACH YEAR, MANAGEMENT CONSIDERS WHETHER ANY MATERIAL TAX POSITION THE COMPANY HAS TAKEN IS MORE LIKELY THAN NOT TO BE SUSTAINED UPON EXAMINATION BY THE APPLICABLE TAX AUTHORITY. MANAGEMENT BELIEVES THAT ANY POSITIONS THE COMPANY HAS TAKEN ARE SUPPORTED BY SUBSTANTIAL AUTHORITY AND, THEREFORE, DO NOT NEED TO BE MEASURED OR DISCLOSED. WITH FEW EXCEPTIONS, THE COMPANY IS SUBJECT TO U.S. FEDERAL OR STATE EXAMINATIONS BY TAX AUTHORITIES FOR THE MOST RECENT THREE YEARS.

Schedule F IRS990ScheduleF

Account Activities Outside US AccountActivitiesOutsideUSGrp

FieldValueIRS element (for citing)
RegionUNITED KINGDOMRegionTxt
Type Of Activities ConductedPAYROLL AND BENEFITSTypeOfActivitiesConductedTxt
Specific Services ProvidedAN EMPLOYEE OF THE COMPANY RESIDES IN THE UK.SpecificServicesProvidedTxt
Region Total Expenditures$130,101RegionTotalExpendituresAmt
FieldValueIRS element (for citing)
Subtotal Offices0SubtotalOfficesCnt
Subtotal Employees0SubtotalEmployeesCnt
Continuation Total Office0ContinuationTotalOfficeCnt
Continuation Total Employee0ContinuationTotalEmployeeCnt
Total Office0TotalOfficeCnt
Total Employee0TotalEmployeeCnt
Subtotal Spent$130,101SubtotalSpentAmt
Continuation Spent$0ContinuationSpentAmt
Total Spent$130,101TotalSpentAmt
Transfer To Foreign Corp0TransferToForeignCorpInd
Interest In Foreign Trust0InterestInForeignTrustInd
Foreign Corp Ownership0ForeignCorpOwnershipInd
Passive Foreign Investmest Co0PassiveForeignInvestmestCoInd
Foreign Partnership0ForeignPartnershipInd
Boycott Countries0BoycottCountriesInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 3 (F)FormAndLineReferenceDesc
ExplanationAMOUNTS REPORTED CONSIST OF EXPENDITURES FOR EACH REGION REPORTED ON THE ACCRUAL BASIS IN ACCORDANCE WITH ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA.ExplanationTxt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Recipient Table RecipientTable (12 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdRecipient EINRecipientEINCash GrantCashGrantAmtNon Cash AssistanceNonCashAssistanceAmtPurpose Of GrantPurposeOfGrantTxtIRC SectionIRCSectionDesc
CALEDONIA CENTRAL SUPERVISORY UNION
10 ROUTE 2WEST DANVILLEVT05828030217747$53,098$0INDOOR AIR QUALITY
CENTRAL VERMONT SUPERVISORY UNION
111B BRUSH HILL RDWILLIAMSTOWNVT05679823657108$703,991$0INDOOR AIR QUALITY
CLARA MARTIN CENTER INC
11 NORTH MAIN STRANDOLPHVT05060030220733$20,832$0INDOOR AIR QUALITY501(C)(3)
FRANKLIN NORTHEAST SUPERVISORY UNION
80 MAIN ST STE 2RICHFORDVT05476030215689$24,000$0INDOOR AIR QUALITY
LYNDON INSTITUTE
168 INSTITUTE CIRCLELYNDON CENTERVT05850030182055$54,337$0INDOOR AIR QUALITY501(C)(3)
MILTON TOWN SCHOOL DISTRICT
42 HERRICK AVEMILTONVT05468036000571$317,509$0INDOOR AIR QUALITY
ORANGE EAST SUPERVISORY UNION
64 MAIN STBRADFORDVT05033030218205$31,160$0INDOOR AIR QUALITY
ORLEANS SOUTHWEST SUPERVISORY UNION
101 N CRAFTSBURY RDCRAFTSBURY COMMONVT05827030225810$27,000$0INDOOR AIR QUALITY
SHARON ACADEMY
205 ACADEMY DRSHARONVT05068030350587$93,360$0INDOOR AIR QUALITY501(C)(3)
VERMONT ACHIEVEMENT CENTER
88 PARK STRUTLANDVT05701030179407$10,110$0INDOOR AIR QUALITY501(C)(3)
WHITE RIVER VALLEY SUPERVISORY UNION
461 WATERMAN RDROYALTONVT05068036003513$1,000,000$0INDOOR AIR QUALITY
WINDHAM NORTHEAST SUPERVISORY UNION
5111 US ROUTE 5WESTMINSTERVT05158030223665$117,830$0INDOOR AIR QUALITY
FieldValueIRS element (for citing)
Total501c3 Org4Total501c3OrgCnt
Total Other Org8TotalOtherOrgCnt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 2:FormAndLineReferenceDesc
ExplanationALL SUBGRANTEES SIGNED GRANT AGREEMENTS OUTLINING THE TERMS AND CONDITIONS OF THE AWARDS. GRANT FUNDS WERE DISBURSED BY VEIC ONLY AFTER EXPENSES WERE INCURRED AND SUPPORTING DOCUMENTS WERE SUBMITTED TO AND REVIEWED BY VEIC FOR COMPLIANCE WITH THE GRANT PROGRAM.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Independent ConsultantYes (X)IndependentConsultantInd
Form990 Of Other OrganizationsYes (X)Form990OfOtherOrganizationsInd
Compensation SurveyYes (X)CompensationSurveyInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance PaymentYes (1)SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments0AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (11 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
REBECCA FOSTER
CHIEF EXECUTIVE OFFICER$312,849$0$2,000$0$750$0$12,737$0$1,933$0$330,269$0$0$0
ERNEST JOLLY
MANAGING DIRECTOR, DCSEU$226,622$0$0$0$2,375$0$2,160$0$94$0$231,251$0$0$0
MATTHEW DOOLEY
MANAGING DIRECTOR, ENERGY SERVICES$205,734$0$2,000$0$2,700$0$9,384$0$70$0$219,888$0$0$0
LISA HARRIS
CHIEF PEOPLE OFFICER$204,119$0$2,000$0$378$0$5,367$0$1,373$0$213,237$0$0$0
KATHERINE MEYERS
CHIEF FINANCIAL OFFICER$195,941$0$2,000$0$2,700$0$9,780$0$70$0$210,491$0$0$0
BRIAN KEALOHA
CHIEF GROWTH AND IMPACT OFFICER$204,795$0$2,000$0$0$0$1,933$0$102$0$208,830$0$0$0
PIERRE VAN DER MERWE
CHIEF TECHNOLOGY OFFICER$183,860$0$2,000$0$1,525$0$10,004$0$1,933$0$199,322$0$0$0
ANGELA JOHNSON
DIRECTOR, FINANCE, DCSEU$184,090$0$2,000$0$0$0$8,739$0$840$0$195,669$0$0$0
LOUIS HUTCHINSON
CHIEF OPERATING OFFICER$190,488$0$0$0$500$0$0$0$1,933$0$192,921$0$0$0
STEPHANIE PHILLIPS
CHIEF GENERAL COUNSEL$172,694$0$2,000$0$3,450$0$8,620$0$70$0$186,834$0$0$0
PETER WALKE
MANAGING DIRECTOR, EFFICIENCY VT$180,554$0$2,000$0$626$0$1,819$0$1,492$0$186,491$0$0$0

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION B, LINE 11BTHE ORGANIZATION'S GOVERNING BODY REVIEWS THE FORM 990 PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE.
FORM 990, PART VI, SECTION B, LINE 12CVEIC REQUIRES AN ANNUAL SIGN OFF FROM DIRECTORS DISCLOSING INTERESTS THAT COULD GIVE RISE TO CONFLICT OF INTEREST. THE CONFLICT OF INTEREST STATEMENTS ARE SUBMITTED FOR REVIEW TO VEIC. AS SOON AS POTENTIAL CONFLICT OF INTEREST EXISTS, A BOARD MEMBER MUST FULLY DISCLOSE THE NATURE OF THE INTEREST AND WITHDRAW FROM VOTING ON THE MATTER.
FORM 990, PART VI, SECTION B, LINE 15THE BOARD OF DIRECTORS DETERMINED THE CEO'S SALARY. THE BOARD WAS ADVISED BY THE CONSULTANT/ SEARCH FIRM (ISAACSON MILLER) WHO HELPED THEM HIRE THIS POSITION. THEY ALSO CONSIDERED EXECUTIVE SALARIES FOR OTHER VERMONT NON-PROFIT AND GOVERNMENT INSTITUTIONS. THE CEO'S COMPENSATION IS REVIEWED ANNUALLY. THE CEO MAKES DECISIONS REGARDING ALL KEY EMPLOYEE COMPENSATION (EXCLUDING CEO COMPENSATION WHICH IS DETERMINED BY THE BOARD).
FORM 990, PART VI, SECTION C, LINE 19VEIC PROVIDES THESE DOCUMENTS TO ANY MEMBER OF THE PUBLIC UPON REQUEST.
FORM 990, PART XII, LINE 2C:NO CHANGES FROM THE PRIOR YEAR.

Schedule R IRS990ScheduleR

Id Disregarded Entities IdDisregardedEntitiesGrp

Disregarded Entity Name DisregardedEntityName

FieldValueIRS element (for citing)
Business Name Line1COMMONS ENERGY L3CBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line120 WINOOSKI FALLS WAY 5TH FLOORAddressLine1Txt
CityWINOOSKICityNm
State AbbreviationVTStateAbbreviationCd
ZIP05404ZIPCd
FieldValueIRS element (for citing)
EIN464740743EIN
Primary ActivitiesPROVIDE ENERGY IMPROVEMENT SERVICES TO UNDERSERVED PUBLIC BUILDINGSPrimaryActivitiesTxt
Legal Domicile StateVTLegalDomicileStateCd
Total Income$99,796TotalIncomeAmt
End Of Year Assets$2,328,341EndOfYearAssetsAmt

Direct Controlling Entity Name DirectControllingEntityName

FieldValueIRS element (for citing)
Business Name Line1VERMONT ENERGY INVESTMENT CORPORATIONBusinessNameLine1Txt

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp

Related Organization Name RelatedOrganizationName

FieldValueIRS element (for citing)
Business Name Line1SUN SHARES LLCBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line120 WINOOSKI FALLS WAY 5TH FLOORAddressLine1Txt
CityWINOOSKICityNm
State AbbreviationVTStateAbbreviationCd
ZIP05404ZIPCd
FieldValueIRS element (for citing)
EIN474405649EIN
Primary ActivitiesELECTRIC POWERPrimaryActivitiesTxt
Legal Domicile StateVTLegalDomicileStateCd

Direct Controlling Entity Name DirectControllingEntityName

FieldValueIRS element (for citing)
Business Name Line1VEICBusinessNameLine1Txt
FieldValueIRS element (for citing)
Entity TypeCEntityTypeTxt
Share Of Total Income$9,969ShareOfTotalIncomeAmt
Share Of EOY Assets$39,328ShareOfEOYAssetsAmt
Ownership1.00000OwnershipPct
Controlled Organization0ControlledOrganizationInd
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org0GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org0GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other OrgYes (1)LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org0LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth OrgYes (1)PerformOfServicesForOthOrgInd
Perform Of Services By Other Org0PerformOfServicesByOtherOrgInd
Sharing Of FacilitiesYes (1)SharingOfFacilitiesInd
Paid Employees SharingYes (1)PaidEmployeesSharingInd
Reimbursement Paid To Other Org0ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other OrgYes (1)ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp

Other Organization Name OtherOrganizationName

FieldValueIRS element (for citing)
Business Name Line1SUN SHARES LLCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Transaction TypeDTransactionTypeTxt
Involved$20,000InvolvedAmt
Method Of Amount DeterminationCASH VALUEMethodOfAmountDeterminationTxt

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