VERMONT ENERGY INVESTMENT CORP: Form 990, tax year 2016

View the entire original 990 at ProPublica ↗

Organization
VERMONT ENERGY INVESTMENT CORP (EIN 03-0304418)
Tax period
2016-01-01 to 2016-12-31
Filed
2017-11-01
IRS object ID
201723059349300717
Schema version
2016v3.0
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)
Return2017-11-01T08:38:17-05:00ReturnTs
Tax Period End2016-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN521446779PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1JOHNSON LAMBERT LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line14242 SIX FORKS RD SUITE 1500AddressLine1Txt
CityRALEIGHCityNm
State AbbreviationNCStateAbbreviationCd
ZIP27609ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2016-01-01TaxPeriodBeginDt

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
Phone8026586060PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1128 LAKESIDE AVENUE NO 401AddressLine1Txt
CityBURLINGTONCityNm
State AbbreviationVTStateAbbreviationCd
ZIP054014894ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonSCOTT COMEAUPersonNm
Person TitleCFOPersonTitleTxt
Phone8026586060PhoneNum
Signature2017-10-25SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJOHN HUSKINSPreparerPersonNm
PTINP01081531PTIN
Phone9197196400PhoneNum
Preparation2017-10-31PreparationDt

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address66.77.128.118IPv4AddressTxt
FieldValueIRS element (for citing)
IP2017-11-01IPDt
IP Tm09:37:56IPTm
IP TimezoneEDIPTimezoneCd
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device Id28D0B141555FEB4DFF32C358BF5C1CA1AB81B3C7AtSubmissionCreationDeviceId
At Submission Filing Device IdE92EC12878E6ED9F107DFBFC32DE29E76F0C1F5FAtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2016TaxYr
Build TS2021-01-29 14:40:06ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerSCOTT COMEAUPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1128 LAKESIDE AVENUE NO 401AddressLine1Txt
CityBURLINGTONCityNm
State AbbreviationVTStateAbbreviationCd
ZIP054014894ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$87,557,045GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.VEIC.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1986FormationYr
Legal Domicile StateVTLegalDomicileStateCd
Activity Or MissionVEIC'S MISSION IS TO REDUCE THE COSTS, BOTH ECONOMIC AND ENVIRONMENTAL, OF ENERGY USE.ActivityOrMissionDesc
Voting Members Governing Body9VotingMembersGoverningBodyCnt
Voting Members Independent9VotingMembersIndependentCnt
Total Employee380TotalEmployeeCnt
Total Volunteers1TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$0PYContributionsGrantsAmt
CY Contributions Grants$0CYContributionsGrantsAmt
PY Program Service Revenue$85,836,624PYProgramServiceRevenueAmt
CY Program Service Revenue$87,506,014CYProgramServiceRevenueAmt
PY Investment Income$3,988PYInvestmentIncomeAmt
CY Investment Income$13,365CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$37,666CYOtherRevenueAmt
PY Total Revenue$85,840,612PYTotalRevenueAmt
CY Total Revenue$87,557,045CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$31,575,272PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$34,032,518CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$54,708,299PYOtherExpensesAmt
CY Other Expenses$53,683,210CYOtherExpensesAmt
PY Total Expenses$86,283,571PYTotalExpensesAmt
CY Total Expenses$87,715,728CYTotalExpensesAmt
PY Revenues Less Expenses-$442,959PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$158,683CYRevenuesLessExpensesAmt
Total Assets BOY$20,702,426TotalAssetsBOYAmt
Total Assets EOY$25,030,404TotalAssetsEOYAmt
Total Liabilities BOY$12,727,330TotalLiabilitiesBOYAmt
Total Liabilities EOY$17,213,991TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$7,975,096NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$7,816,413NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionVERMONT ENERGY INVESTMENT CORPORATION'S (VEIC) MISSION IS TO ACT WITH URGENCY TO ENHANCE THE ECONOMIC, ENVIRONMENTAL, AND SOCIETAL BENEFITS OF CLEAN AND EFFICIENT ENERGY USE FOR ALL PEOPLE. VEIC PURSUES THEIR MISSION THROUGH PLANNING, IMPLMENTATION, AND FINANCING OF ENERGY PROGRAMS AND PROJECTS, AND BY ADVOCATING FOR PUBLIC POLICIES.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$63,966,132ExpenseAmt
Revenue$80,668,301RevenueAmt
DescENERGY EFFICIENCY UTILITIES: VEIC OPERATES ENERGY EFFICIENCY UTILITIES (EEUS) IN VERMONT (EFFICIENCY VERMONT), THE DISTRICT OF COLUMBIA (DC SEU), AND OHIO (EFFICIENCY SMART). THE EFFICIENCY VERMONT PROGRAM PROVIDES ENERGY EFFICIENCY SERVICES TO HOMES AND BUSINESSES IN VERMONT TO HELP VERMONTERS SAVE MONEY AND HELP REDUCE CARBON DIOXIDE EMISSIONS. THE DC SEU PROGRAM OFFERS INTEGRATED PERFORMANCE-BASED IMPLEMENTATION SERVICES, BASED ON VEIC'S INDUSTRY-LEADING PROGRAMS. EFFICIENCY SMART IS AN ENERGY EFFICIENCY PROGRAM THAT ASSISTS INDIVIDUALS AND BUSINESSES IN LOWERING THEIR POWER BILLS BY PROVIDING TECHNICAL ASSISTANCE AND FINANCIAL INCENTIVES FOR EQUIPMENT AND SYSTEMS THAT IMPROVE ELECTRICAL EFFICIENCY.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$4,911,092ExpenseAmt
Revenue$6,493,152RevenueAmt
DescGENERAL CONSULTING AND OTHER ENERGY EFFICIENCY IMPLEMENTATION PROGRAMS: VEIC PROVIDES NATIONAL AND INTERNATIONAL CONSULTING SERVICES TO CONSUMER AND ENVIRONMENTAL ORGANIZATIONS, ELECTRIC AND GAS UTILITIES, AND OTHER CLIENTS, FOR ENERGY EFFICIENCY AND RENEWABLE ENERGY ACTIVITIES.Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

FieldValueIRS element (for citing)
Expense$5,151ExpenseAmt
Revenue$344,561RevenueAmt
DescCOMMONS ENERGY, L3C (COMMONS): THE OBJECT AND PURPOSE IS TO PROVIDE ENERGY IMPROVEMENT SERVICES TO UNDERSERVED BUILDINGS SERVING A PUBLIC PURPOSE. COMMONS PROVIDES ENERGY EFFICIENCY IMPLEMENTATION SERVICES AS A PUBLIC PURPOSE ENERGY SERVICE COMPANY TO PRIVATE ORGANIZATIONS, PUBLIC MUNICIPALITIES, SCHOOL SYSTEMS, HOSPITALS AND LOW-INCOME HOUSING UNITS IN ORDER TO MEET THE NEEDS OF RESIDENTS, BUSINESSES AND AGENCIES INTERESTED IN PURSUING ENERGY EFFICIENCY INITIATIVES. THESE SERVICES INCLUDE ENERGY AUDITS, DIAGNOSTIC ASSESSMENTS AND FINANCING ASSISTANCE.Desc
FieldValueIRS element (for citing)
Total Program Service Expenses$68,882,375TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B Required0ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying ActivitiesYes (1)LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Temp Or Permanent Endowments0TempOrPermanentEndowmentsInd
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 Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
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 With Officer Ent0BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded EntityYes (1)DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document903IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee380EmployeeCnt
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
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members9GoverningBodyVotingMembersCnt
Independent Voting Member9IndependentVotingMemberCnt
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
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1SCOTT COMEAUBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone8026586060PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1128 LAKESIDE AVENUE SUITE 401AddressLine1Txt
CityBURLINGTONCityNm
State AbbreviationVTStateAbbreviationCd
ZIP05401ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (17 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtOfficerOfficerIndKey EmployeeKeyEmployeeIndHighest Compensated EmployeeHighestCompensatedEmployeeInd
TIFFANY BLUEMLE
DIRECTOR1.00Yes (X)$0$0$0
RICHARD COWART
DIRECTOR1.00Yes (X)$2,000$0$0
MICHAEL DWORKIN
DIRECTOR1.00Yes (X)$2,609$0$0
JOHN GILROY
DIRECTOR1.00Yes (X)$2,230$0$0
MEG POWER
DIRECTOR1.00Yes (X)$2,000$0$0
CHARLES STONE
DIRECTOR1.00Yes (X)$4,104$0$0
GUS SEELIG
CHAIR AND PRESIDENT1.00Yes (X)$2,125$0$0Yes (X)
SUE COAKLEY
VICE PRESIDENT1.00Yes (X)$2,963$0$0Yes (X)
CHARLES SMITH
TREASURER1.00Yes (X)$1,500$0$0Yes (X)
BETH SACHS
SECRETARY30.00$99,756$0$13,488Yes (X)
DONALD JOHNSTONE
EXECUTIVE DIRECTOR37.50$171,538$0$23,976Yes (X)
SCOTT COMEAU
CHIEF FINANCIAL OFFICER37.50$149,690$0$22,494Yes (X)
THEODORE TRABUE JR
DIRECTOR DC SEU37.50$156,026$0$23,219Yes (X)
ELIZABETH GAMACHE
DIRECTOR, EFFICIENCY VERMONT37.50$163,352$0$1,927Yes (X)
BARRY HULCE
DIRECTOR, EVT OPERATIONS37.50$150,946$0$8,973Yes (X)
MARCUS WALKER
DIRECTOR, DC SEU OPERATIONS37.50$148,593$0$22,836Yes (X)
DAVID CAWLEY
DIRECTOR, EFFICIENCY SMART37.50$139,978$0$18,072Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$1,199,410TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$134,985TotalOtherCompensationAmt
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
ENERGY FEDERATION INCORPORATED
1 WILLOW ST SUITE 2000SOUTHBOROUGHMA01745ENERGY EFFICIENCY CONSULTANT$6,133,831
OPOWER
1515 N COURTHOUSE RD 8TH FLOORARLINGTONVA22201SOFTWARE PROVIDER$1,442,022
CAPSTONE COMMUNITY ACTION INC
20 GABLE PLBARREVT05641ENERGY EFFICIENCY CONSULTANT$892,424
GEORGE L NICHOLS & ASSOCIATES LLC
505 G ST NEWASHINGTONDC20002ENERGY EFFICIENCY CONSULTANT$492,675
PEER CONSULTANTS PC
409 12TH ST SW SUITE 603WASHINGTONDC20024ENERGY EFFICIENCY CONSULTANT$389,465
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K18CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp (4 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
ENERGY EFFICENCY UTILITIES561000$80,668,301$80,668,301
ENERGY SERVICES: CONSULTING541700$4,353,059$4,353,059
PERFORMANCE INCENTIVE AWARDS541700$2,140,093$2,140,093
COMMONS ENERGY L3C541700$344,561$344,561
FieldValueIRS element (for citing)
Total Program Service Revenue$87,506,014TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$13,365TotalRevenueColumnAmt
Exclusion$13,365ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescMISCELLANEOUS REVENUEDesc
Business900099BusinessCd
Total Revenue Column$37,666TotalRevenueColumnAmt
Exclusion$37,666ExclusionAmt
FieldValueIRS element (for citing)
Other Revenue Total$37,666OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$87,557,045TotalRevenueColumnAmt
Related Or Exempt Func Income$87,506,014RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$51,031ExclusionAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$1,004,916TotalAmt
Program Services$621,390ProgramServicesAmt
Management And General$383,526ManagementAndGeneralAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$26,512,544TotalAmt
Program Services$18,087,316ProgramServicesAmt
Management And General$8,425,228ManagementAndGeneralAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$1,232,224TotalAmt
Management And General$1,232,224ManagementAndGeneralAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$3,109,114TotalAmt
Management And General$3,109,114ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$2,173,720TotalAmt
Management And General$2,173,720ManagementAndGeneralAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$196,311TotalAmt
Management And General$196,311ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$53,550TotalAmt
Management And General$53,550ManagementAndGeneralAmt

Fees For Services Lobbying FeesForServicesLobbyingGrp

FieldValueIRS element (for citing)
Total$58,000TotalAmt
Program Services$55,303ProgramServicesAmt
Management And General$2,697ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$7,847,017TotalAmt
Program Services$7,144,006ProgramServicesAmt
Management And General$703,011ManagementAndGeneralAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$880,518TotalAmt
Program Services$880,420ProgramServicesAmt
Management And General$98ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$1,568,056TotalAmt
Program Services$1,253,549ProgramServicesAmt
Management And General$314,507ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$61,724TotalAmt
Program Services$59,599ProgramServicesAmt
Management And General$2,125ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$2,576,879TotalAmt
Program Services$2,230,915ProgramServicesAmt
Management And General$345,964ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$1,049,787TotalAmt
Program Services$677,427ProgramServicesAmt
Management And General$372,360ManagementAndGeneralAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$469,025TotalAmt
Program Services$365,231ProgramServicesAmt
Management And General$103,794ManagementAndGeneralAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$77,661TotalAmt
Program Services$34,066ProgramServicesAmt
Management And General$43,595ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$658,623TotalAmt
Program Services$161,410ProgramServicesAmt
Management And General$497,213ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$203,485TotalAmt
Management And General$203,485ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmt
INCENTIVE PAYMENTS$35,038,321$35,038,321
EQUIPMENT AND SOFTWARE$1,660,037$1,249,856$410,181
OTHER EXPENSES$1,090,671$990,897$99,774
MANTENANCE AND REPAIRS$193,545$32,669$160,876

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$87,715,728TotalAmt
Program Services$68,882,375ProgramServicesAmt
Management And General$18,833,353ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$1,336,933BOYAmt
EOY$702,327EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$2,027,022BOYAmt
EOY$1,777,186EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$11,819,483BOYAmt
EOY$16,691,301EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

FieldValueIRS element (for citing)
BOY$50,000BOYAmt
EOY$96,109EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

FieldValueIRS element (for citing)
BOY$48,933BOYAmt
EOY$21,152EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$1,044,059BOYAmt
EOY$803,838EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$6,881,809LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$5,842,991LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$1,440,192BOYAmt
EOY$1,038,818EOYAmt

Intangible Assets IntangibleAssetsGrp

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

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$2,930,489BOYAmt
EOY$3,894,358EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$20,702,426BOYAmt
EOY$25,030,404EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$9,213,157BOYAmt
EOY$13,978,551EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$298,487BOYAmt
EOY$276,793EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$3,215,686BOYAmt
EOY$2,958,647EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$12,727,330BOYAmt
EOY$17,213,991EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$7,975,096BOYAmt
EOY$7,816,413EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$7,975,096BOYAmt
EOY$7,816,413EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$20,702,426BOYAmt
EOY$25,030,404EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$158,683ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
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 Minus4 Years$4,838,071CurrentTaxYearMinus4YearsAmt
Total$4,838,071TotalAmt

Gross Receipts Admissions GrossReceiptsAdmissionsGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$71,559,837CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$75,494,925CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$86,797,423CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$85,836,624CurrentTaxYearMinus1YearAmt
Current Tax Year$87,506,014CurrentTaxYearAmt
Total$407,194,823TotalAmt

Total509 Total509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$76,397,908CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$75,494,925CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$86,797,423CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$85,836,624CurrentTaxYearMinus1YearAmt
Current Tax Year$87,506,014CurrentTaxYearAmt
Total$412,032,894TotalAmt

Amounts Rcvd Dsqlfy Person AmountsRcvdDsqlfyPersonGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Substantial Contributors Amt SubstantialContributorsAmtGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$16,359,509CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$11,658,050CurrentTaxYearMinus3YearsAmt
Total$28,017,559TotalAmt

Subst And Dsqlfy Prsns Tot SubstAndDsqlfyPrsnsTotGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$16,359,509CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$11,658,050CurrentTaxYearMinus3YearsAmt
Total$28,017,559TotalAmt
FieldValueIRS element (for citing)
Public Support Total509$384,015,335PublicSupportTotal509Amt

Gross Investment Income509 GrossInvestmentIncome509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$3,498CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$996CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus1 Year$3,988CurrentTaxYearMinus1YearAmt
Current Tax Year$13,365CurrentTaxYearAmt
Total$21,847TotalAmt

Investment Income And UBTI InvestmentIncomeAndUBTIGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$3,498CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$996CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus1 Year$3,988CurrentTaxYearMinus1YearAmt
Current Tax Year$13,365CurrentTaxYearAmt
Total$21,847TotalAmt

Other Income509 OtherIncome509Grp

FieldValueIRS element (for citing)
Current Tax Year$37,666CurrentTaxYearAmt
Total$37,666TotalAmt

Total Support Calendar Year TotalSupportCalendarYearGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$76,401,406CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$75,495,921CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$86,797,423CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$85,840,612CurrentTaxYearMinus1YearAmt
Current Tax Year$87,557,045CurrentTaxYearAmt
Total$412,092,407TotalAmt
FieldValueIRS element (for citing)
Public Support CY5090.93190PublicSupportCY509Pct
Public Support PY5090.90650PublicSupportPY509Pct
Investment Income CY0.00010InvestmentIncomeCYPct
Investment Income PY0.00010InvestmentIncomePYPct
Thirty Thr Pct Suprt Tests CY509Yes (X)ThirtyThrPctSuprtTestsCY509Ind

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$72,577DirectContactLegislatorsAmt
Rallies Demonstrations0RalliesDemonstrationsInd
Other Activities0OtherActivitiesInd
Total Lobbying Expenditures$72,577TotalLobbyingExpendituresAmt
Not Described Section501c30NotDescribedSection501c3Ind

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART II-B, LINE 1:FormAndLineReferenceDesc
ExplanationVEIC'S PRIMARY LOBBYING ACTIVITIES WERE RELATED TO STATE GOVERNMENT ACTIVITIES IN VERMONT. VEIC HAS TWO EMPLOYEES (KELLY LUCCI AND ELIZABETH GAMACHE) WHO ARE REGISTERED LOBBYISTS WITH THE VERMONT SECRETARY OF STATE'S OFFICE. GEORGE TWIGG, AN EMPLOYEE WHO WAS PREVIOUSLY REGISTERED AS A LOBBYIST IN VERMONT, LEFT VEIC IN FEBRUARY OF 2016. NONE OF THESE EMPLOYEES 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).ExplanationTxt

Schedule D IRS990ScheduleD

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$2,183,611OtherCostOrOtherBasisAmt
Depreciation$1,939,152DepreciationAmt
Book Value$244,459BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$1,476,219OtherCostOrOtherBasisAmt
Depreciation$1,420,862DepreciationAmt
Book Value$55,357BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$3,221,979OtherCostOrOtherBasisAmt
Depreciation$2,482,977DepreciationAmt
Book Value$739,002BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$1,038,818TotalBookValueLandBuildingsAmt

Other Assets Org OtherAssetsOrgGrp (4 entries)

DescDescBook ValueBookValueAmt
ACCRUED EEU PERFORMANCE INCENTIVES$3,684,261
HEALTH INSURANCE CARRIER CLAIMS$120,369
DUE FROM LANDLORD (MAIN FACILITY LEASE)$81,076
OTHER LONG-TERM RECEIVABLES$8,652
FieldValueIRS element (for citing)
Total Book Value Other Assets$3,894,358TotalBookValueOtherAssetsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescCAPITAL LEASE OBLIGATIONSDesc
Amt$2,958,647Amt
FieldValueIRS element (for citing)
Total Liability$2,958,647TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$85,379,352TotalRevEtcAuditedFinclStmtAmt
Revenue Not Reported$0RevenueNotReportedAmt
Revenue Subtotal$85,379,352RevenueSubtotalAmt
Other Revenues Not Included$2,177,693OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt$2,177,693RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$87,557,045TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$85,538,035TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included-$2,177,693OtherExpensesIncludedAmt
Expenses Not Reported-$2,177,693ExpensesNotReportedAmt
Expenses Subtotal$87,715,728ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$87,715,728TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART X, LINE 2:THE COMPANIES FOLLOW THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES STANDARD WHICH REQUIRES VEIC TO REPORT UNCERTAIN TAX POSITIONS, RELATED INTEREST AND PENALTIES, AND TO RECORD LIABILITIES RELATED TO UNCERTAIN TAX BENEFITS AND ACCRUED INTEREST AND PENALTIES ACCORDINGLY. AS OF DECEMBER 31, 2016 AND 2015, MANAGEMENT DETERMINED THAT THERE ARE NO MATERIAL UNRECOGNIZED TAX POSITIONS TO REPORT.
PART XI, LINE 4B - OTHER ADJUSTMENTS:RECLASS REVENUE NETTED AGAINST PERFORMANCE INCENTIVE AWARD INCOME 2,177,693.
PART XII, LINE 2D - OTHER ADJUSTMENTS:RECLASS REVENUE NETTED AGAINST PERFORMANCE INCENTIVE AWARD INCOME -2,177,693.

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Independent ConsultantYes (X)IndependentConsultantInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance Payment0SeverancePaymentInd
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 (7 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
DONALD JOHNSTONE
EXECUTIVE DIRECTOR$170,138$0$0$0$1,400$0$10,740$0$13,236$0$195,514$0$0$0
SCOTT COMEAU
CHIEF FINANCIAL OFFICER$148,791$0$0$0$899$0$9,258$0$13,236$0$172,184$0$0$0
THEODORE TRABUE JR
DIRECTOR DC SEU$156,026$0$0$0$0$0$9,900$0$13,319$0$179,245$0$0$0
ELIZABETH GAMACHE
DIRECTOR, EFFICIENCY VERMONT$157,902$0$0$0$5,450$0$1,177$0$750$0$165,279$0$0$0
BARRY HULCE
DIRECTOR, EVT OPERATIONS$145,646$0$0$0$5,300$0$8,739$0$234$0$159,919$0$0$0
MARCUS WALKER
DIRECTOR, DC SEU OPERATIONS$148,593$0$0$0$0$0$9,600$0$13,236$0$171,429$0$0$0
DAVID CAWLEY
DIRECTOR, EFFICIENCY SMART$138,578$0$0$0$1,400$0$8,863$0$9,209$0$158,050$0$0$0

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (4 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 A 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 EXECUTIVE DIRECTOR'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 EXECUTIVE DIRECTOR'S COMPENSATION WAS LAST REVIEWED IN JUNE 2017. THE EXECUTIVE DIRECTOR MAKES DECISIONS REGARDING ALL KEY EMPLOYEE COMPENSATION (EXCLUDING EXECUTIVE DIRECTOR 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.

Schedule R IRS990ScheduleR

Id Disregarded Entities IdDisregardedEntitiesGrp (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdTotal IncomeTotalIncomeAmtEnd Of Year AssetsEndOfYearAssetsAmtBusiness Name Line1DirectControllingEntityName/BusinessNameLine1Txt
COMMONS ENERGY L3C
128 LAKESIDE AVE SUITE 401BURLINGTONVT05401464740743PROVIDE ENERGY IMPROVEMENT SERVICES TO UNDERSERVED PUBLIC BUILDINGSVT$1,503,209$2,649,025VERMONT ENERGY INVESTMENT CORPORATION
SUN SHARES LLC
128 LAKESIDE AVE SUITE 401BURLINGTONVT05401474405649SOLAR ELECTRIC POWER GENERATIONVT$0$0VERMONT ENERGY INVESTMENT CORPORATION

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