2017-11-01T08:38:17-05:00 2016-12-31 521446779 JOHNSON LAMBERT LLP 4242 SIX FORKS RD SUITE 1500 RALEIGH NC 27609 990 2016-01-01 030304418 VERMONT ENERGY INVESTMENT CORPORATION VERM 8026586060 128 LAKESIDE AVENUE NO 401 BURLINGTON VT 054014894 SCOTT COMEAU CFO 8026586060 2017-10-25 1 JOHN HUSKINS P01081531 9197196400 2017-10-31 66.77.128.118 2017-11-01 09:37:56 ED P 28D0B141555FEB4DFF32C358BF5C1CA1AB81B3C7 E92EC12878E6ED9F107DFBFC32DE29E76F0C1F5F 2016 2021-01-29 14:40:06Z SCOTT COMEAU 128 LAKESIDE AVENUE NO 401 BURLINGTON VT 054014894 87557045 0 X WWW.VEIC.ORG X 1986 VT VEIC'S MISSION IS TO REDUCE THE COSTS, BOTH ECONOMIC AND ENVIRONMENTAL, OF ENERGY USE. 9 9 380 1 0 0 0 0 85836624 87506014 3988 13365 0 37666 85840612 87557045 0 0 0 0 31575272 34032518 0 0 0 54708299 53683210 86283571 87715728 -442959 -158683 20702426 25030404 12727330 17213991 7975096 7816413 X VERMONT 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. 0 0 63966132 80668301 ENERGY 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. 4911092 6493152 GENERAL 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. 5151 344561 COMMONS 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. 68882375 1 0 0 1 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 903 0 1 380 1 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X SCOTT COMEAU 8026586060 128 LAKESIDE AVENUE SUITE 401 BURLINGTON VT 05401 TIFFANY BLUEMLE DIRECTOR 1.00 X 0 0 0 RICHARD COWART DIRECTOR 1.00 X 2000 0 0 MICHAEL DWORKIN DIRECTOR 1.00 X 2609 0 0 JOHN GILROY DIRECTOR 1.00 X 2230 0 0 MEG POWER DIRECTOR 1.00 X 2000 0 0 CHARLES STONE DIRECTOR 1.00 X 4104 0 0 GUS SEELIG CHAIR AND PRESIDENT 1.00 X X 2125 0 0 SUE COAKLEY VICE PRESIDENT 1.00 X X 2963 0 0 CHARLES SMITH TREASURER 1.00 X X 1500 0 0 BETH SACHS SECRETARY 30.00 X 99756 0 13488 DONALD JOHNSTONE EXECUTIVE DIRECTOR 37.50 X 171538 0 23976 SCOTT COMEAU CHIEF FINANCIAL OFFICER 37.50 X 149690 0 22494 THEODORE TRABUE JR DIRECTOR DC SEU 37.50 X 156026 0 23219 ELIZABETH GAMACHE DIRECTOR, EFFICIENCY VERMONT 37.50 X 163352 0 1927 BARRY HULCE DIRECTOR, EVT OPERATIONS 37.50 X 150946 0 8973 MARCUS WALKER DIRECTOR, DC SEU OPERATIONS 37.50 X 148593 0 22836 DAVID CAWLEY DIRECTOR, EFFICIENCY SMART 37.50 X 139978 0 18072 1199410 0 134985 68 0 1 0 ENERGY FEDERATION INCORPORATED 1 WILLOW ST SUITE 2000 SOUTHBOROUGH MA 01745 ENERGY EFFICIENCY CONSULTANT 6133831 OPOWER 1515 N COURTHOUSE RD 8TH FLOOR ARLINGTON VA 22201 SOFTWARE PROVIDER 1442022 CAPSTONE COMMUNITY ACTION INC 20 GABLE PL BARRE VT 05641 ENERGY EFFICIENCY CONSULTANT 892424 GEORGE L NICHOLS & ASSOCIATES LLC 505 G ST NE WASHINGTON DC 20002 ENERGY EFFICIENCY CONSULTANT 492675 PEER CONSULTANTS PC 409 12TH ST SW SUITE 603 WASHINGTON DC 20024 ENERGY EFFICIENCY CONSULTANT 389465 18 ENERGY EFFICENCY UTILITIES 561000 80668301 80668301 ENERGY SERVICES: CONSULTING 541700 4353059 4353059 PERFORMANCE INCENTIVE AWARDS 541700 2140093 2140093 COMMONS ENERGY L3C 541700 344561 344561 87506014 13365 13365 MISCELLANEOUS REVENUE 900099 37666 37666 37666 87557045 87506014 0 51031 1004916 621390 383526 26512544 18087316 8425228 1232224 1232224 3109114 3109114 2173720 2173720 196311 196311 53550 53550 58000 55303 2697 7847017 7144006 703011 880518 880420 98 1568056 1253549 314507 61724 59599 2125 2576879 2230915 345964 1049787 677427 372360 469025 365231 103794 77661 34066 43595 658623 161410 497213 203485 203485 INCENTIVE PAYMENTS 35038321 35038321 EQUIPMENT AND SOFTWARE 1660037 1249856 410181 OTHER EXPENSES 1090671 990897 99774 MANTENANCE AND REPAIRS 193545 32669 160876 87715728 68882375 18833353 0 1336933 702327 2027022 1777186 11819483 16691301 50000 96109 48933 21152 1044059 803838 6881809 5842991 1440192 1038818 5315 5315 2930489 3894358 20702426 25030404 9213157 13978551 298487 276793 3215686 2958647 12727330 17213991 X 7975096 7816413 7975096 7816413 20702426 25030404 -158683 0 X 0 1 X 1 1 1 X 4838071 4838071 71559837 75494925 86797423 85836624 87506014 407194823 76397908 75494925 86797423 85836624 87506014 412032894 0 16359509 11658050 28017559 16359509 11658050 28017559 384015335 3498 996 3988 13365 21847 3498 996 3988 13365 21847 37666 37666 76401406 75495921 86797423 85840612 87557045 412092407 0.93190 0.90650 0.00010 0.00010 X 0 1 0 0 0 0 1 72577 0 0 72577 0 PART II-B, LINE 1: VEIC'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). 2183611 1939152 244459 1476219 1420862 55357 3221979 2482977 739002 1038818 ACCRUED EEU PERFORMANCE INCENTIVES 3684261 HEALTH INSURANCE CARRIER CLAIMS 120369 DUE FROM LANDLORD (MAIN FACILITY LEASE) 81076 OTHER LONG-TERM RECEIVABLES 8652 3894358 CAPITAL LEASE OBLIGATIONS 2958647 2958647 X 85379352 0 85379352 2177693 2177693 87557045 85538035 -2177693 -2177693 87715728 0 87715728 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. X X 0 0 0 0 0 0 0 0 0 DONALD JOHNSTONE EXECUTIVE DIRECTOR 170138 0 0 0 1400 0 10740 0 13236 0 195514 0 0 0 SCOTT COMEAU CHIEF FINANCIAL OFFICER 148791 0 0 0 899 0 9258 0 13236 0 172184 0 0 0 THEODORE TRABUE JR DIRECTOR DC SEU 156026 0 0 0 0 0 9900 0 13319 0 179245 0 0 0 ELIZABETH GAMACHE DIRECTOR, EFFICIENCY VERMONT 157902 0 0 0 5450 0 1177 0 750 0 165279 0 0 0 BARRY HULCE DIRECTOR, EVT OPERATIONS 145646 0 0 0 5300 0 8739 0 234 0 159919 0 0 0 MARCUS WALKER DIRECTOR, DC SEU OPERATIONS 148593 0 0 0 0 0 9600 0 13236 0 171429 0 0 0 DAVID CAWLEY DIRECTOR, EFFICIENCY SMART 138578 0 0 0 1400 0 8863 0 9209 0 158050 0 0 0 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 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 15 THE 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 19 VEIC PROVIDES THESE DOCUMENTS TO ANY MEMBER OF THE PUBLIC UPON REQUEST. COMMONS ENERGY L3C 128 LAKESIDE AVE SUITE 401 BURLINGTON VT 05401 464740743 PROVIDE ENERGY IMPROVEMENT SERVICES TO UNDERSERVED PUBLIC BUILDINGS VT 1503209 2649025 VERMONT ENERGY INVESTMENT CORPORATION SUN SHARES LLC 128 LAKESIDE AVE SUITE 401 BURLINGTON VT 05401 474405649 SOLAR ELECTRIC POWER GENERATION VT 0 0 VERMONT ENERGY INVESTMENT CORPORATION