2021-11-19T12:50:23-06:00 2020-12-31 030225774 GALLAGHER FLYNN & COMPANY LLP 725 COMMUNITY DRIVE SUITE 401 SOUTH BURLINGTON VT 05403 990 2020-01-01 030304418 VERMONT ENERGY INVESTMENT CORPORATION VERM 8006396069 20 WINOOSKI FALLS WAY 5TH FLOOR WINOOSKI VT 05404 KATHERINE MEYERS CFO 8006396069 2021-11-17 1 KATHERINE MEYERS 999009999 STEVEN M AUSTIN CPA P02385259 8028631331 2021-11-17 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z X X KATHERINE MEYERS 20 WINOOSKI FALLS WAY 5TH FLOOR WINOOSKI VT 05404 121662420 0 X WWW.VEIC.ORG X 1986 VT VEIC IS A SUSTAINABLE ENERGY COMPANY ON A MISSION TO GENERATE THE ENERGY SOLUTIONS THE WORLD NEEDS. 11 11 292 0 0 0 0 16385854 98862994 105166186 155116 110380 0 0 99018110 121662420 0 14937997 0 0 33015736 33225372 0 0 0 63091675 68794594 96107411 116957963 2910699 4704457 26906393 42152408 11221383 21762941 15685010 20389467 X VEIC IS A SUSTAINABLE ENERGY COMPANY ON A MISSION TO GENERATE THE ENERGY SOLUTIONS THE WORLD NEEDS (CONTINUES IN SCHEDULE O). FOR OVER 30 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 GREEN HOUSE GAS. 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). 1 0 57791617 59879013 EFFICIENCY VERMONT PROVIDES VERMONTERS WITH OBJECTIVE GUIDANCE AND INCENTIVES TO IMPROVE THE AFFORDABILITY AND COMFORT OF THEIR HOMES, BUSINESSES, INSTITUTIONS, AND COMMUNITIES THROUGH ENERGY EFFICIENCY. THE INVESTMENTS THAT VERMONTERS HAVE MADE IN ENERGY EFFICIENCY SINCE EFFICIENCY VERMONT'S INCEPTION IN 2000 WILL SAVE THEM OVER $2.8 BILLION OVER THE LIFETIME OF THOSE INVESTMENTS AND REDUCE CO2 EMISSIONS BY 12.5 MILLION TONS. 31819766 33911912 THE 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 $1.2 BILLION IN LIFETIME ENERGY COST SAVINGS, PLUS PREVENT THE EMISSIONS OF MORE THAN 6.2 MILLION TONS OF GREENHOUSE GAS, AND INVEST 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. 16385854 14937997 0 EFFICIENCY VERMONT'S WORK WITH SMALL BUSINESSES LAID A FOUNDATION UPON WHICH EFFICIENCY VERMONT WAS ABLE TO BUILD IN ORDER TO RAPIDLY DEPLOY FEDERAL STIMULUS DOLLARS TO HELP IMPROVE INDOOR AIR QUALITY AT 309 VERMONT SCHOOLS. THE PROGRAM IS DESCRIBED MORE FULLY IN SCHEDULE O.VEIC RECEIVED CONTRIBUTION REVENUE FROM A GOVERNMENT GRANT OF $16,385,854 RELATED TO THIS PROGRAM IN 2020. 8988130 11485641 EFFICIENCY 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 60 OF AMERICAN MUNICIPAL POWER'S MEMBER UTILITIES IN FOUR STATES. IN 2020, EFFICIENCY SMART ASSISTED AN ESTIMATED 8,700 RESIDENTIAL HOUSEHOLDS AND 121 BUSINESSES. THESE CUSTOMERS WILL REALIZE MORE THAN $10.5 MILLION IN SAVINGS OVER THE LIFETIME OF THE PRODUCTS THEY INSTALLED IN 2020 WHILE PARTICIPATING MUNICIPAL ELECTRIC UTILITIES RECEIVED AN AVERAGE OF $1.67 IN BENEFITS FOR EVERY DOLLAR INVESTED IN THE PROGRAM.TOTAL FOR PROGRAM: EXPENSES $ 2,347,583, INCLUDING GRANTS OF $ 0. REVENUE $ 2,526,577.ENERGY SERVICES: VEIC PROVIDES NATIONAL AND INTERNATIONAL CONSULTING SERVICES TO UTILITIES, BUSINESSES, GOVERNMENT AGENCIES, MUNICIPALITIES AND FOUNDATIONS. VEIC'S ENERGY SERVICES TEAM HAS A BROAD RANGE OF EXPERTISE INCLUDING ENERGY MANAGEMENT AND PLANNING, INNOVATIONS FOR GRID FLEXIBILITY, TRANSPORTATION ELECTRIFICATION, AND BUILDING DECARBONIZATION. WE HELP OUR CLIENTS SAVE ENERGY, REDUCE GREENHOUSE GAS EMISSIONS, AND ADVANCE SOCIAL AND ECONOMIC EQUITY. IN 2020 VEIC'S CONSULTING SERVICES SPANNED 25 STATES AND PROVINCES, INCLUDING THE EXPANSION OF WORK TO HAWAII, AND SERVED MORE THAN 40 CLIENTS. TOTAL FOR PROGRAM: EXPENSES $ 6,640,547, INCLUDING GRANTS OF $ 0. REVENUE $ 8,959,064 8988130 11485641 114985367 1 1 0 1 0 0 0 0 0 0 1 0 0 0 0 1 0 1 0 1 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 460 0 292 1 0 0 0 0 0 0 0 0 0 0 X 11 11 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X KATHERINE MEYERS 8026586060 20 WINOOSKI FALLS WAY 5TH FLOOR WINOOSKI VT 05404 RICHARD COWART CHAIR 1.00 X X 5000 0 0 MARC MIHALY DIRECTOR 1.00 X 1000 0 0 TONY PICKETT DIRECTOR 1.00 X 0 0 0 ELIZABETH WILSON DIRECTOR 1.00 X 2000 0 0 DIANNE DILLON-RIDGLEY DIRECTOR 1.00 X 2000 0 0 NANCY OWENS DIRECTOR 1.00 X X 2000 0 0 ISABELINA NAHMENS DIRECTOR 1.00 X 2000 0 0 NICK RICHARDSON TREASURER 1.00 X X 0 0 0 MICHAEL DWORKIN DIRECTOR 1.00 X 2100 0 0 COLIN OWYANG DIRECTOR 1.00 X 0 0 0 ELLEN ZUCKERMAN DIRECTOR 1.00 X 0 0 0 JANET BESSER DIRECTOR 1.00 X 0 0 0 KURT JANSON GENERAL COUNSEL 37.50 X 142984 0 7882 SCOTT COMEAU CFO 37.50 X 182693 0 10592 JAMES MADEJ CEO, THROUGH JULY 2020 37.50 X 148394 0 14940 REBECCA FOSTER INTERIM CEO, STARTING JULY 2020 37.50 X 168978 0 24386 CAROL WESTON DIRECTOR, EVT OPERATIONS 37.50 X 156902 0 8966 THEODORE TRABUE DIRECTOR DC SEU 37.50 X 169686 0 22084 THOMAS KACANDES BUSINESS DEVELOPMENT AND SALES MGR 37.50 X 151962 0 1694 MARIA BROWN DIRECTOR, MKTG, BUS DEV & POLICY 37.50 X 190117 0 19055 BARRY HULCE DIRECTOR, DISTRIBUTED UTILITIES SVCS 37.50 X 210729 0 8540 MATTHEW DOOLEY DIRECTOR, ENERGY SERVICES 37.50 X 177092 0 9523 ANGELA JOHNSON DIRECTOR, FINANCE 37.50 X 151542 0 14111 1867179 0 141773 41 0 1 0 CAPSTONE COMMUNITY ACTION INC 20 GABLE PLACE BARRE VT 05641 CUSTOMER INCENTIVE PROCESSOR 900012 PEER CONSULTANTS PC 409 12TH ST SW SUITE 603 WASHINGTON DC 20024 TEMP STAFFING AGENCY 799453 ASPEN OF DC INC PO BOX 56346 ATLANTA GA 30343 TEMP STAFFING AGENCY 789176 CASCADE ENERGY 123 NE 3RD AVE SUITE 400 PORTLAND OR 97232 EDUCATION AND TRAINING 318908 INSTITUTE FOR MARKET TRANSFORMATION 1707 L STREET NW SUITE 1050 WASHINGTON DC 20036 EDUCATION AND TRAINING 268873 16 16385854 16385854 ENERGY EFFICENCY UTILITIES 561000 93956054 93956054 ENERGY SERVICES: CONSULTING 541700 8546232 8546232 PERFORMANCE INCENTIVE AWARDS 541700 2361448 2361448 PROJECT REVENUE 541700 302452 302452 105166186 110380 110380 121662420 105276566 0 0 14937997 14937997 1098450 414577 683873 23132737 17680734 5452003 1003396 786714 216682 5913299 4548513 1364786 2077490 1624439 453051 123672 123672 103791 103791 60000 60000 6197637 5586361 611276 1026551 1026551 910571 658806 251765 2626605 1918764 707841 191881 139410 52471 390229 350169 40060 334617 108251 226366 338404 338404 INCENTIVE PAYMENTS 54328995 54328995 0 EQUIPMENT AND SOFTWARE 1373679 415256 958423 OTHER EXPENSES 787962 508547 279415 ALLOCATION OF G&A TO PR 0 9951283 -9951283 116957963 114985367 1972596 0 140391 41245 5370444 5739730 12751660 26480271 3435077 7673326 44508 34683 896847 881728 6263764 5519653 735187 744111 100000 0 5315 5315 3426964 551999 26906393 42152408 8187337 18901606 109027 257278 2925019 2604057 11221383 21762941 X 15685010 20389467 15685010 20389467 26906393 42152408 4704457 0 X 0 1 X 1 1 1 X 16385584 16385584 87506014 95606270 87335778 98862994 105166186 474477242 87506014 95606270 87335778 98862994 121551770 490862826 16385584 16385584 0 16385584 16385584 474477242 13365 26547 93799 155116 110380 399207 13365 26547 93799 155116 110380 399207 37666 15283 52949 87557045 95648100 87429577 99018110 121662150 491314982 0.96570 0.99920 0.00080 0.00060 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 0 1 60000 0 0 60000 0 PART II-B, LINE 1: VEIC'S PRIMARY LOBBYING ACTIVITIES WERE RELATED TO STATE GOVERNMENT ACTIVITIES IN VERMONT. VEIC HAS THREE EMPLOYEES (DAN REILLY, CAROL WESTON AND REBECCA FOSTER) WHO ARE REGISTERED LOBBYISTS WITH THE VERMONT SECRETARY OF STATE'S OFFICE. THESE EMPLOYEES DO NOT SPEND A MAJORITY OF THEIR TIME ON LOBBYING. VEIC ALSO EMPLOYS A CONTRACT LOBBYIST WITHIN VERMONT (THE NECRASON GROUP) FOR ASSISTANCE AND SUPPORT ON LEGISLATIVE AND EXECUTIVE BRANCH RELATIONS. 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). PART II -B - LINE 1B, LOBBYING ACTIVITIES VEIC EMPLOYEES REGISTERED AS LOBBYISTS INCLUDE DAN REILLY, CAROL WESTON AND REBECCA FOSTER. 88435 51332 37103 5317187 4627996 689191 858142 840325 17817 744111 X PART X, LINE 2: EACH YEAR, MANAGEMENT CONSIDERS WHETHER ANY MATERIAL TAX POSITIONS THE COMPANIES HAVE TAKEN ARE MORE LIKELY THAN NOT TO BE SUSTAINED UPON EXAMINATION BY THE APPLICABLE TAXING AUTHORITY. MANAGEMENT BELIEVES THAT ANY POSITIONS THE COMPANIES HAVE TAKEN ARE SUPPORTED BY SUBSTANTIAL AUTHORITY AND, THEREFORE, DO NOT NEED TO BE MEASURED OR DISCLOSED IN THE FINANCIAL STATEMENTS. INTEREST AND PENALTIES, IF INCURRED, RELATED TO UNCERTAIN TAX POSITIONS, WOULD BE REPORTED AS INCOME TAX EXPENSE. WITH FEW EXCEPTIONS, THE COMPANIES ARE NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE OR LOCAL TAX AUTHORITIES FOR YEARS BEFORE 2017. UNITED KINGDOM 0 1 PAYROLL AND BENEFITS AN EMPLOYEE OF THE COMPANY RESIDES IN THE UK. 122914 CANADA 0 0 CONSULTING AND ENGINEERING SERVICES 29413 0 1 0 0 0 1 152327 0 152327 0 0 0 0 0 0 PART III ACCOUNTING METHOD: PART I, LINE 3(F) AMOUNTS 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. 1 ADDISON CENTRAL SCHOOL DISTRICT 49 CHARLES AVE MIDDLEBURY VT 05753 814257106 292731 1627 COST INDOOR AIR QUALITY MONITORS INDOOR AIR QUALITY ADDISON NORTHWEST SCHOOL DISTRICT 11 MAIN ST VERGENNES VT 05491 815122244 200914 814 COST INDOOR AIR QUALITY MONITORS INDOOR AIR QUALITY ALBANY COMMUNITY SCHOOL 351 MAIN ST ALBANY VT 05820 036000343 8298 203 COST INDOOR AIR QUALITY MONITORS INDOOR AIR QUALITY BARNET ELEMENTARY SCHOOL 163 KID ROW BARNET VT 05821 030217089 12554 203 COST INDOOR AIR QUALITY MONITORS INDOOR AIR QUALITY BARTON ACADEMY & GRADED SCHOOL PO BOX 588 BARTON VT 05822 036003189 167450 203 COST INDOOR AIR QUALITY MONITORS INDOOR AIR QUALITY BATTENKILL VALLEY SUPERVISORY UNION 530A ARLINGTON RD ARLINGTON VT 05250 030347867 31523 407 COST INDOOR AIR QUALITY MONITORS INDOOR AIR QUALITY BELLOWS FALLS UNION HIGH SCHOOL (WNESU) 25 CHERRY ST BELLOWS FALLS VT 05101 030223665 19050 203 COST INDOOR AIR QUALITY MONITORS INDOOR AIR QUALITY BENSON VILLAGE SCHOOL 32 SCHOOL STREET BENSON VT 05743 824074254 21821 203 COST INDOOR AIR QUALITY MONITORS INDOOR AIR QUALITY BISHOP JOHN A MARSHALL SCHOOL 680 LAPORTE RD MORRISVILLE VT 05661 030353517 7547 203 COST INDOOR AIR QUALITY MONITORS INDOOR AIR QUALITY BRADFORD ELEMENTARY SCHOOL 143 FAIRGROUND RD BRADFORD VT 05033 036000383 12557 203 COST INDOOR AIR QUALITY MONITORS INDOOR AIR QUALITY BRIDGE SCHOOL INC 1469 EXCHANGE ST MIDDLEBURY VT 05753 030275055 67300 203 COST INDOOR AIR QUALITY MONITORS INDOOR AIR QUALITY BRIGHTON ELEMENTARY SCHOOL PO BOX 419 ISLAND POND VT 05846 030349168 12246 203 COST INDOOR AIR QUALITY MONITORS INDOOR AIR QUALITY BROOKHAVEN TLC PO BOX 127 CHELSEA VT 05038 030187947 20891 203 COST INDOOR AIR QUALITY MONITORS INDOOR AIR QUALITY BROWNINGTON CENTRAL ELEMENTARY SCHOOL 130 KINSEY RD BARTON VT 05822 036003189 17379 203 COST INDOOR AIR QUALITY MONITORS INDOOR AIR QUALITY BURKE MOUNTAIN ACADEMY PO BOX 78 EAST BURKE VT 05832 030225997 30314 203 COST INDOOR AIR QUALITY MONITORS INDOOR AIR QUALITY BURLINGTON PUBLIC SCHOOLS 150 COLCHESTER AVE BURLINGTON VT 05401 471351664 387289 1830 COST INDOOR AIR QUALITY MONITORS INDOOR AIR QUALITY BURR & BURTON ACADEMY PO BOX 498 MANCHESTER VT 05254 030179404 17845 203 COST INDOOR AIR QUALITY MONITORS INDOOR AIR QUALITY CALEDONIA CENTRAL SUPERVISORY UNION PO BOX 216 DANVILLE VT 05828 030217747 576648 203 COST INDOOR AIR QUALITY MONITORS INDOOR AIR QUALITY CAMBRIDGE ELEMENTARY SCHOOL PO BOX 160 JEFFERSONVILLE VT 05464 030331348 12816 203 COST INDOOR AIR QUALITY MONITORS INDOOR AIR QUALITY CANAAN SCHOOL 99 SCHOOL ST CANAAN VT 05903 030316752 35000 203 COST INDOOR AIR QUALITY MONITORS INDOOR AIR QUALITY CASTLETON ELEMENTARY SCHOOL 49 MAIN ST FAIR HAVEN VT 05743 036000417 13057 203 COST INDOOR AIR QUALITY MONITORS INDOOR AIR QUALITY CASTLETON VILLAGE SCHOOL 47 MECHANIC STREET CASTLETON VT 05735 824074254 8317 203 COST INDOOR AIR QUALITY MONITORS INDOOR AIR QUALITY CENTERPOINT SCHOOL 94 WEST CANAL STREET WINOOSKI VT 05404 030304434 9265 407 COST INDOOR AIR QUALITY MONITORS INDOOR AIR QUALITY CENTRAL VERMONT SUPERVISORY UNION 111B BRUSH HILL ROAD WILLIAMSTOWN VT 05679 825221767 118781 407 COST INDOOR AIR QUALITY MONITORS INDOOR AIR QUALITY CHAMPLAIN VALLEY SCHOOL DISTRICT 5420 SHELBURNE RD SHELBURNE VT 05482 813991100 110979 407 COST INDOOR AIR QUALITY MONITORS INDOOR AIR QUALITY CHARLOTTE CENTRAL SCHOOL (CCS) 5420 SHELBURNE ROAD STE 300 SHELBURNE VT 05445 036000424 9249 203 COST INDOOR AIR QUALITY MONITORS INDOOR AIR QUALITY CHRIST THE KING ST ANTHONY PARISH TRUST 136 LOCUST STREET BURLINGTON VT 05401 261420469 35124 203 COST INDOOR AIR QUALITY MONITORS INDOOR AIR QUALITY CLARENDON ELEMENTARY SCHOOL 84 GRANGE HALL RD NORTH CLARENDON VT 05759 036000433 146603 203 COST INDOOR AIR QUALITY MONITORS INDOOR AIR QUALITY COLCHESTER SCHOOL DISTRICT 125 LAKER BLVD COLCHESTER VT 05446 030269580 37985 1017 COST INDOOR AIR QUALITY MONITORS INDOOR AIR QUALITY COLD HOLLOW CAREER CENTER ENOSBURG PO BOX 13 RICHFORD VT 05476 833933297 66000 203 COST INDOOR AIR QUALITY MONITORS INDOOR AIR QUALITY COMPASS SCHOOL INC PO BOX 177 WESTMINSTER STATION VT 05159 030357755 126770 203 COST INDOOR AIR QUALITY MONITORS INDOOR AIR QUALITY ELMHILL INC PO BOX 248 PLAINFIELD VT 05667 030218716 56080 203 COST INDOOR AIR QUALITY MONITORS INDOOR AIR QUALITY ELMORE MORRISTOWN UNIFIED UNION SCHOOL DISTRICT 202 COPLEY AV MORRISVILLE VT 05661 036000585 321402 610 COST INDOOR AIR QUALITY MONITORS INDOOR AIR QUALITY ENOSBURG FALLS ELEMENTARY SCHOOL PO BOX 510 ENOSBURG FALLS VT 05450 833933297 6800 203 COST INDOOR AIR QUALITY MONITORS INDOOR AIR QUALITY ENOSBURG FALLS MIDDLEHIGH SCHOOL 65 DICKENSON AVE ENOSBURG FALLS VT 05450 833933297 11360 203 COST INDOOR AIR QUALITY MONITORS INDOOR AIR QUALITY ESSEX WESTFORD SCHOOL DISTRICT 2 EDUCATIONAL DR ESSEX JUNCTION VT 05452 030348789 75285 1627 COST INDOOR AIR QUALITY MONITORS INDOOR AIR QUALITY FLOOD BROOK USD#20 6378 VT ROUTE 7A SUNDERLAND VT 05250 036000351 9500 203 COST INDOOR AIR QUALITY MONITORS INDOOR AIR QUALITY GLOVER COMMUNITY SCHOOL 100 SCHOOL ST GLOVER VT 05839 036000484 31550 203 COST INDOOR AIR QUALITY MONITORS INDOOR AIR QUALITY GOOD SHEPHERD CATHOLIC SCHOOL 121 MAPLE ST SAINT JOHNSBURY VT 05819 030358054 8449 203 COST INDOOR AIR QUALITY MONITORS INDOOR AIR QUALITY GRAFTON ELEMENTARY SCHOOL 25 CHERRY ST BELLOWS FALLS VT 05101 861068313 12011 0 COST INDOOR AIR QUALITY MONITORS INDOOR AIR QUALITY GRAMMAR SCHOOL INC 69 HICKORY RIDGE RD S PUTNEY VT 05346 030211036 75755 203 COST INDOOR AIR QUALITY MONITORS INDOOR AIR QUALITY GREATER RUTLAND COUNTY SUPERVISORY UNION 16 EVELYN STREET RUTLAND VT 05701 822775798 40699 814 COST INDOOR AIR QUALITY MONITORS INDOOR AIR QUALITY HARTFORD SCHOOL DISTRICT 73 HIGHLAND AVE WHITE RIVER JUNCTION VT 05001 036000504 71820 1220 COST INDOOR AIR QUALITY MONITORS INDOOR AIR QUALITY HARWOOD UNIFIED UNION SCHOOL DISTRICT 340 MAD RIVER PARK WAITSFIELD VT 05673 813950338 164631 1424 COST INDOOR AIR QUALITY MONITORS INDOOR AIR QUALITY HEALTH CARE AND REHABILITATION SERVICES (HCRS) DBA KINDLE FARM SCHOOL PO BOX 393 NEWFANE VT 05345 237017624 5910 0 COST INDOOR AIR QUALITY MONITORS INDOOR AIR QUALITY HILAND HALL SCHOOL INC 2196 HARWOOD HILL RD BENNINGTON VT 05201 030331765 88313 203 COST INDOOR AIR QUALITY MONITORS INDOOR AIR QUALITY HILLTOP MONTESSORI SCHOOL 99 STAFFORD FARM HILL BRATTLEBORO VT 05301 030229430 28260 203 COST INDOOR AIR QUALITY MONITORS INDOOR AIR QUALITY HINESBURG COMMUNITY SCHOOL 10888 ROUTE 116 HINESBURG VT 05461 036000512 33116 203 COST INDOOR AIR QUALITY MONITORS INDOOR AIR QUALITY IRASBURG VILLAGE MIDDLE SCHOOL 130 KINSEY ROAD BARTON VT 05822 036003189 15510 203 COST INDOOR AIR QUALITY MONITORS INDOOR AIR QUALITY JEAN GARVIN SCHOOL 90 HARVEST LANE WILLISTON VT 05495 030179433 6942 203 COST INDOOR AIR QUALITY MONITORS INDOOR AIR QUALITY KINGDOM EAST SCHOOL DISTRICT PO BOX 107 LYNDONVILLE VT 05851 822903304 867545 1220 COST INDOOR AIR QUALITY MONITORS INDOOR AIR QUALITY LAKE CHAMPLAIN WALDORF SCHOOL 359 TURTLE LN SHELBURNE VT 05482 030296320 141136 203 COST INDOOR AIR QUALITY MONITORS INDOOR AIR QUALITY LAKE REGION UNION HIGH SCHOOL 317 LAKE REGION ROAD ORLEANS VT 05860 030217710 30890 203 COST INDOOR AIR QUALITY MONITORS INDOOR AIR QUALITY LARAWAY YOUTH AND FAMILY SERVICES INC PO BOX 621 JOHNSON VT 05656 030276110 28000 203 COST INDOOR AIR QUALITY MONITORS INDOOR AIR QUALITY LONG TRAIL SCHOOL 1045 KIRBY HOLLOW RD DORSET VT 05251 030253366 45000 203 COST INDOOR AIR QUALITY MONITORS INDOOR AIR QUALITY LYNDON INSTITUTE PO BOX 127 LYNDON CENTER VT 05850 030182055 55783 203 COST INDOOR AIR QUALITY MONITORS INDOOR AIR QUALITY MAPLE RUN UNIFIED SCHOOL DISTRICT 28 CATHERINE ST SAINT ALBANS VT 05478 364845344 155327 1017 COST INDOOR AIR QUALITY MONITORS INDOOR AIR QUALITY MAPLE STREET FOUNDATION INC 322 MAPLE ST MANCHESTER CENTER VT 05255 030355988 10652 203 COST INDOOR AIR QUALITY MONITORS INDOOR AIR QUALITY MARION W CROSS SCHOOL 22 CHURCH STREET NORWICH VT 05055 036000610 366600 203 COST INDOOR AIR QUALITY MONITORS INDOOR AIR QUALITY MARLBORO SCHOOL DISTRICT 1219 VT ROUTE 30 TOWNSHEND VT 05353 036003825 11009 203 COST INDOOR AIR QUALITY MONITORS INDOOR AIR QUALITY MATER CHRISTI SCHOOL 50 MANSFIELD AVE BURLINGTON VT 05401 030329822 30126 203 COST INDOOR AIR QUALITY MONITORS INDOOR AIR QUALITY MID VERMONT CHRISTIAN SCHOOL 399 W GILSON AVE WHITE RIVER JUNCTION VT 05001 030311141 7436 203 COST INDOOR AIR QUALITY MONITORS INDOOR AIR QUALITY MILL RIVER UNION HIGH SCHOOL 2321 MIDDLE ROAD SUITE 1 NORTH CLARENDON VT 05759 812267789 88725 203 COST INDOOR AIR QUALITY MONITORS INDOOR AIR QUALITY MILTON TOWN SCHOOL DISTRICT 42 HERRICK AVENUE MILTON VT 05468 036000571 344178 610 COST INDOOR AIR QUALITY MONITORS INDOOR AIR QUALITY MISSISQUOI VALLEY SCHOOL DISTRICT 100 ROBIN HOOD DRIVE SWANTON VT 05488 834498526 311076 814 COST INDOOR AIR QUALITY MONITORS INDOOR AIR QUALITY MONTGOMERY ELEMENTARY SCHOOL PO BOX 130 RICHFORD VT 05476 832086559 10560 203 COST INDOOR AIR QUALITY MONITORS INDOOR AIR QUALITY MONTPELIER ROXBURY SCHOOL DISTRICT 5 HIGH SCHOOL DRIVE MONTPELIER VT 05602 036000578 147614 814 COST INDOOR AIR QUALITY MONITORS INDOOR AIR QUALITY MOUNT ABRAHAM UNIFIED SCHOOL DISTRICT 72 MUNSILL AVE SUITE 601 BRISTOL VT 05443 825242601 130720 1220 COST INDOOR AIR QUALITY MONITORS INDOOR AIR QUALITY MOUNT MANSFIELD MODIFIED UNION SCHOOL DISTRICT 10 RIVER RD JERICHO VT 05465 472904478 407000 1017 COST INDOOR AIR QUALITY MONITORS INDOOR AIR QUALITY MOUNT SAINT JOSEPH ACADEMY 127 CONVENT AVE RUTLAND VT 05701 030197668 44833 203 COST INDOOR AIR QUALITY MONITORS INDOOR AIR QUALITY NEW ENGLAND KURN HATTIN HOMES 708 KURN HATTIN ROAD WESTMINSTER VT 05158 030179306 93945 203 COST INDOOR AIR QUALITY MONITORS INDOOR AIR QUALITY NEW SCHOOL OF MONTPELIER 11 WEST ST MONTPELIER VT 05602 201978712 33344 203 COST INDOOR AIR QUALITY MONITORS INDOOR AIR QUALITY NEWBURY ELEMENTARY SCHOOL 214 PULASKI ST NEWBURY VT 05051 030267529 8559 203 COST INDOOR AIR QUALITY MONITORS INDOOR AIR QUALITY NEWPORT CITY ELEMENTARY SCHOOL 166 SIAS AVE NEWPORT VT 05855 030343126 18633 203 COST INDOOR AIR QUALITY MONITORS INDOOR AIR QUALITY NEWPORT TOWN SCHOOL DISTRICT PO BOX 85 NEWPORT CENTER VT 05857 030349594 54000 203 COST INDOOR AIR QUALITY MONITORS INDOOR AIR QUALITY NFI VERMONT INC 1025 AIRPORT DR SOUTH BURLINGTON VT 05403 030304434 187233 814 COST INDOOR AIR QUALITY MONITORS INDOOR AIR QUALITY NORTH COUNTRY SUPERVISORY UNION PO BOX 92 COVENTRY VT 05825 030000439 130106 407 COST INDOOR AIR QUALITY MONITORS INDOOR AIR QUALITY OKEMO TUTORIAL PROGRAM INC DBA OKEMO MOUNTAIN SCHOOL 53 MAIN ST LUDLOW VT 05149 030336170 45750 203 COST INDOOR AIR QUALITY MONITORS INDOOR AIR QUALITY ORANGE SOUTHWEST SUPERVISORY UNION 24 CENTRAL ST RANDOLPH VT 05060 813996367 239963 814 COST INDOOR AIR QUALITY MONITORS INDOOR AIR QUALITY ORCHARD VALLEY WALDORF SCHOOL 2290 ROUTE 14 N EAST MONTPELIER VT 05651 030330590 116782 0 COST INDOOR AIR QUALITY MONITORS INDOOR AIR QUALITY ORLEANS ELEMENTARY 130 KINSEY RD BARTON VT 05822 036003189 10779 203 COST INDOOR AIR QUALITY MONITORS INDOOR AIR QUALITY ORLEANS SOUTHWEST SUPERVISORY UNION 1422 N CRAFTSBURY RD CRAFTSBURY COMMON VT 05827 030225810 93335 1220 COST INDOOR AIR QUALITY MONITORS INDOOR AIR QUALITY OTTER VALLEY UNIFIED UNION SCHOOL DISTRICT 49 COURT DR BRANDON VT 05733 036000840 19925 203 COST INDOOR AIR QUALITY MONITORS INDOOR AIR QUALITY PACEM SCHOOL 32 COLLEGE ST SUITE 100 MONTPELIER VT 05602 743169081 18205 203 COST INDOOR AIR QUALITY MONITORS INDOOR AIR QUALITY PATRICIA A HANNAFORD CAREER CENTER 51 CHARLES AVE MIDDLEBURY VT 05753 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825000491 67021 203 COST INDOOR AIR QUALITY MONITORS INDOOR AIR QUALITY WINDSOR SOUTHEAST SUPERVISORY UNION 105 MAIN STREET SUITE 200 WINDSOR VT 05089 832783759 178000 814 COST INDOOR AIR QUALITY MONITORS INDOOR AIR QUALITY WINOOSKI SCHOOL DISTRICT 60 NORMAND ST WINOOSKI VT 05404 036000783 47015 610 COST INDOOR AIR QUALITY MONITORS INDOOR AIR QUALITY 129 9 PART I, LINE 2: ALL SUBGRANTEES SIGNED GRANT AGREEMENTS OUTLINING THE TERMS AND CONDITIONS OF THE AWARDS. GRANT FUNDS WERE DISBURSED BY VEIC ONLY AFTER AFTER EXPENSES WERE INCURRED AND SUPPORTING DOCUMENTS SUBMITTED TO AND REVIEWED BY VEIC FOR COMPLIANCE WITH THE GRANT PROGRAM. X X 1 0 0 0 0 0 0 0 0 BARRY HULCE DIRECTOR, DISTRIBUTED UTILITIES SVCS 152074 0 0 0 58655 0 7854 0 686 0 219269 0 0 0 MARIA BROWN DIRECTOR, MKTG, BUS DEV & POLICY 130348 0 0 0 59769 0 4521 0 14534 0 209172 0 0 0 REBECCA FOSTER INTERIM CEO, STARTING JULY 2020 167428 0 0 0 1550 0 6772 0 17614 0 193364 0 0 0 SCOTT COMEAU CFO 179743 0 0 0 2950 0 9071 0 1521 0 193285 0 0 0 THEODORE TRABUE DIRECTOR DC SEU 168436 0 0 0 1250 0 8863 0 13221 0 191770 0 0 0 MATTHEW DOOLEY DIRECTOR, ENERGY SERVICES 173892 0 0 0 3200 0 8700 0 823 0 186615 0 0 0 CAROL WESTON DIRECTOR, EVT OPERATIONS 154152 0 0 0 2750 0 7755 0 1211 0 165868 0 0 0 ANGELA JOHNSON DIRECTOR, FINANCE 150303 0 0 0 1239 0 6107 0 8004 0 165653 0 0 0 JAMES MADEJ CEO, THROUGH JULY 2020 146844 0 0 0 1550 0 4513 0 10427 0 163334 0 0 0 THOMAS KACANDES BUSINESS DEVELOPMENT AND SALES MGR 108475 0 0 0 43487 0 1092 0 602 0 153656 0 0 0 KURT JANSON GENERAL COUNSEL 139284 0 0 0 3700 0 7074 0 808 0 150866 0 0 0 PART I, LINE 4A SEVERANCE PAYMENTS INCLUDED IN FORM 990, PART VII, SECTION A, LINE 1A CONSIST OF THE FOLLOWING: MARIA BROWN- $53,576 BARRY HULCE- $51,081 THOMAS KACANDES- $39,962 FORM 990, PAGE 1, ITEM B FORM 990 WAS AMENDED TO CORRECT CERTAIN COMPENSATION INFORMATION REPORTED IN FORM 990, PART VII, SECTION A, FORM 990, PART IX, AND SCHEDULE J. FORM 990, PART III, LINE 2 ON AUGUST 19, 2020, VEIC RECEIVED A GRANT OF FEDERAL CORONAVIRUS RELIEF FUNDS FROM THE STATE OF VERMONT AGENCY OF EDUCATION TOTALING UP TO $18,050,000 FOR EFFICIENCY VERMONT TO PROVIDE SUBGRANTS TO K-12 GRADE COVERED SCHOOLS IN VERMONT TO UPGRADE HEATING, VENTILATION, AND AIR CONDITIONING (HVAC) SYSTEMS, AND FILTRATION AND OTHER METHODS OF AIR TREATMENT, IN RESPONSE TO THE COVID-19 EMERGENCY. THE GRANT FUNDING IS ON A COST REIMBURSEMENT BASIS. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S GOVERNING BODY REVIEWS THE FORM 990 PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C VEIC 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 15 THE 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 19 VEIC PROVIDES THESE DOCUMENTS TO ANY MEMBER OF THE PUBLIC UPON REQUEST. COMMONS ENERGY L3C 20 WINOOSKI FALLS WAY 5TH FLOOR WINOOSKI VT 05404 464740743 PROVIDE ENERGY IMPROVEMENT SERVICES TO UNDERSERVED PUBLIC BUILDINGS VT 105123 2765177 VERMONT ENERGY INVESTMENT CORPORATION SUN SHARES LLC 20 WINOOSKI FALLS WAY 5TH FLOOR WINOOSKI VT 05404 474405649 ELECTRIC POWER VT VEIC C 7272 44974 1.00000 0 0 0 0 1 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 SUN SHARES LLC D 55000 CASH VALUE