VERMONT ENERGY INVESTMENT CORP: Form 990, tax year 2014
View the entire original 990 at ProPublica ↗
- Organization
- VERMONT ENERGY INVESTMENT CORP (EIN 03-0304418)
- Tax period
- 2014-01-01 to 2014-12-31
- Filed
- 2015-08-05
- IRS object ID
- 201512179349301351
- Schema version
- 2014v5.0
- 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2015-08-05T15:35:34-05:00 | ReturnTs |
| Tax Period End | 2014-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 521446779 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | JOHNSON LAMBERT LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 525 | AddressLine1Txt |
| City | BURLINGTON | CityNm |
| State Abbreviation | VT | StateAbbreviationCd |
| ZIP | 05402 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2014-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 030304418 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | VERMONT ENERGY INVESTMENT CORPORATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | VERM | BusinessNameControlTxt |
| Phone | 8026586060 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 128 LAKESIDE AVENUE NO 401 | AddressLine1Txt |
| City | BURLINGTON | CityNm |
| State Abbreviation | VT | StateAbbreviationCd |
| ZIP | 054014894 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | SCOTT COMEAU | PersonNm |
| Person Title | CFO | PersonTitleTxt |
| Phone | 8026586060 | PhoneNum |
| Signature | 2015-08-05 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | MATT T GRAVELIN CPA | PreparerPersonNm |
| PTIN | P00962423 | PTIN |
| Phone | 8023834800 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2014 | TaxYr |
| Build TS | 2016-03-07 17:11:31Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | SCOTT COMEAU | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 128 LAKESIDE AVENUE NO 401 | AddressLine1Txt |
| City | BURLINGTON | CityNm |
| State Abbreviation | VT | StateAbbreviationCd |
| ZIP | 054014894 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $86,797,423 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.VEIC.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1986 | FormationYr |
| Legal Domicile State | VT | LegalDomicileStateCd |
| Activity Or Mission | VEIC'S MISSION IS TO REDUCE THE COSTS, BOTH ECONOMIC AND ENVIRONMENTAL, OF ENERGY USE. | ActivityOrMissionDesc |
| Voting Members Governing Body | 9 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 9 | VotingMembersIndependentCnt |
| Total Employee | 375 | TotalEmployeeCnt |
| Total Volunteers | 0 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $0 | PYContributionsGrantsAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $75,494,925 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $86,797,423 | CYProgramServiceRevenueAmt |
| PY Investment Income | $996 | PYInvestmentIncomeAmt |
| CY Investment Income | $0 | CYInvestmentIncomeAmt |
| PY Other Revenue | $0 | PYOtherRevenueAmt |
| CY Other Revenue | $0 | CYOtherRevenueAmt |
| PY Total Revenue | $75,495,921 | PYTotalRevenueAmt |
| CY Total Revenue | $86,797,423 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $0 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $27,836,743 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $29,131,482 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $46,976,666 | PYOtherExpensesAmt |
| CY Other Expenses | $56,679,156 | CYOtherExpensesAmt |
| PY Total Expenses | $74,813,409 | PYTotalExpensesAmt |
| CY Total Expenses | $85,810,638 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $682,512 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $986,785 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $25,961,901 | TotalAssetsBOYAmt |
| Total Assets EOY | $20,660,969 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $18,529,793 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $12,242,076 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $7,432,108 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $8,418,893 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | VERMONT ENERGY INVESTMENT CORPORATION'S (VEIC) MISSION IS TO REDUCE THE COSTS, BOTH ECONCOMIC AND ENVIRONMENTAL, OF ENERGY USE. VEIC PURSUES THEIR MISSION THROUGH PLANNING, IMPLEMENTATION, AND FINANCING OF ENERGY PROGRAMS AND PROJECTS, AND BY ADVOCATING FOR PUBLIC POLICIES THAT MAXIMIZE COST-EFFECTIVE CARBON-REDUCTION THROUGH ENERGY EFFICIENCY AND RENEWABLE ENERGY. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $65,273,659 | ExpenseAmt |
| Revenue | $80,619,364 | RevenueAmt |
| Desc | 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. THE DC SEU PROGRAM'S INITIATIVES ARE TO REDUCE ELECTRIC AND GAS ENERGY USE BY 1% PER YEAR, INVEST 30% OF PROGRAM FUNDING INTO IMPROVING THE ENERGY EFFICIENCY OF LOW-INCOME HOUSING, AND CREATING GREEN JOBS. CONTINUED ON SCHEDULE O.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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $4,565,016 | ExpenseAmt |
| Revenue | $6,178,059 | RevenueAmt |
| Desc | 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. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $69,838,675 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | 0 | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | Yes (1) | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Temp Or Permanent Endowments | 0 | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (1) | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | 0 | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | Yes (1) | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 910 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 375 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 9 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 9 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SCOTT COMEAU | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 8026586060 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 128 LAKESIDE AVENUE SUITE 401 | AddressLine1Txt |
| City | BURLINGTON | CityNm |
| State Abbreviation | VT | StateAbbreviationCd |
| ZIP | 05401 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (18 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|
| GUS SEELIG | ||||||||
| CHAIR | 1.00 | Yes (X) | Yes (X) | $2,500 | $0 | $0 | ||
| MEG POWER | ||||||||
| PRESIDENT | 1.00 | Yes (X) | Yes (X) | $2,500 | $0 | $0 | ||
| SUE COAKLEY | ||||||||
| VICE CHAIR | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| CHARLES SMITH | ||||||||
| TREASURER | 1.00 | Yes (X) | Yes (X) | $2,500 | $0 | $0 | ||
| CHARLES STONE | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $2,968 | $0 | $0 | |||
| TIFFANY BLUEMLE | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| RICHARD COWART | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $2,500 | $0 | $0 | |||
| MICHAEL DWORKIN | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $2,500 | $0 | $0 | |||
| JOHN GILROY | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $2,727 | $0 | $0 | |||
| DONALD JOHNSTONE | ||||||||
| EXECUTIVE DIRECTOR | 37.50 | Yes (X) | $162,475 | $0 | $20,526 | |||
| SCOTT COMEAU | ||||||||
| CHIEF FINANCIAL OFFICER | 37.50 | Yes (X) | $132,977 | $0 | $13,368 | |||
| LINDA GIBSON | ||||||||
| DIRECTOR OF ADMINISTRATION | 37.50 | Yes (X) | $70,926 | $0 | $4,913 | |||
| BETH SACHS | ||||||||
| CO-FOUNDER/SECRETARY | 33.80 | Yes (X) | $90,911 | $0 | $12,384 | |||
| JAMES MERRIAM | ||||||||
| DIRECTOR VEIC OPERATIONS | 37.50 | $155,358 | $0 | $19,777 | Yes (X) | |||
| THEODORE TRABUE JR | ||||||||
| DIRECTOR DC SEU | 37.50 | $146,274 | $0 | $16,824 | Yes (X) | |||
| MARCUS WALKER | ||||||||
| DIRECTOR DC SEU OPERATIONS | 37.50 | $140,135 | $0 | $15,151 | Yes (X) | |||
| ERIN CARROLL | ||||||||
| DIRECTOR CONSULTATIVE SERVICES | 37.50 | $161,065 | $0 | $9,165 | Yes (X) | |||
| KRISTYN WILDER | ||||||||
| DIRECTOR EFFICIENCY SMART | 37.50 | $137,731 | $0 | $7,574 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,216,047 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $119,682 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 43 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| CTI GLOBAL SOLUTIONS INC | |||||
| 1050 17TH ST NW | WASHINGTON | DC | 20036 | ENERGY EFFICIENCY CONSULTANT | $554,601 |
| GEORGE L NICHOLS & ASSOCIATES LLC | |||||
| 505 G STREET NE | WASHINGTON | DC | 20002 | ENERGY EFFICIENCY CONSULTANT | $402,626 |
| CAPSTONE COMMUNITY ACTION INC | |||||
| 20 GABLE PLACE | BARRE | VT | 05641 | ENERGY EFFICIENCY CONSULTANT | $370,458 |
| OPTIMAL ENERGY INC | |||||
| 10600 ROUTE 116 | HINESBURG | VT | 05461 | ENERGY EFFICIENCY CONSULTANT | $357,346 |
| ENERGY FEDERATION INCORPORATED | |||||
| 40 WASHINGTON STREET | WESTBOROUGH | MA | 01581 | ENERGY EFFICIENCY CONSULTANT | $314,435 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 24 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| ENERGY EFFICENCY UTILITIES | 561000 | $80,619,364 | $80,619,364 |
| ENERGY SERVICES: CONSULTING | 541700 | $4,449,309 | $4,449,309 |
| PERFORMANCE INCENTIVE AWARDS | 541700 | $1,728,750 | $1,728,750 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $86,797,423 | TotalProgramServiceRevenueAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $86,797,423 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $86,797,423 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | Yes (X) | InfoInScheduleOPartIXInd |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $701,890 | TotalAmt |
| Program Services | $435,632 | ProgramServicesAmt |
| Management And General | $266,258 | ManagementAndGeneralAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $23,180,612 | TotalAmt |
| Program Services | $16,480,762 | ProgramServicesAmt |
| Management And General | $6,699,850 | ManagementAndGeneralAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $988,546 | TotalAmt |
| Management And General | $988,546 | ManagementAndGeneralAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,411,485 | TotalAmt |
| Management And General | $2,411,485 | ManagementAndGeneralAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,848,949 | TotalAmt |
| Management And General | $1,848,949 | ManagementAndGeneralAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $46,093 | TotalAmt |
| Management And General | $46,093 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $64,507 | TotalAmt |
| Management And General | $64,507 | ManagementAndGeneralAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $48,000 | TotalAmt |
| Management And General | $48,000 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $12,139,410 | TotalAmt |
| Program Services | $11,468,782 | ProgramServicesAmt |
| Management And General | $670,628 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $902,325 | TotalAmt |
| Program Services | $902,325 | ProgramServicesAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,498,900 | TotalAmt |
| Program Services | $1,318,672 | ProgramServicesAmt |
| Management And General | $180,228 | ManagementAndGeneralAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $128,901 | TotalAmt |
| Program Services | $128,893 | ProgramServicesAmt |
| Management And General | $8 | ManagementAndGeneralAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,304,641 | TotalAmt |
| Program Services | $1,969,520 | ProgramServicesAmt |
| Management And General | $335,121 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,017,585 | TotalAmt |
| Program Services | $846,876 | ProgramServicesAmt |
| Management And General | $170,709 | ManagementAndGeneralAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $507,829 | TotalAmt |
| Program Services | $441,730 | ProgramServicesAmt |
| Management And General | $66,099 | ManagementAndGeneralAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $144,876 | TotalAmt |
| Program Services | $56,213 | ProgramServicesAmt |
| Management And General | $88,663 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $454,839 | TotalAmt |
| Program Services | $116,417 | ProgramServicesAmt |
| Management And General | $338,422 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $157,494 | TotalAmt |
| Management And General | $157,494 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|
| INCENTIVE PAYMENTS | $34,280,228 | $34,280,228 | |
| OTHER EXPENSES | $1,365,170 | $475,838 | $889,332 |
| EQUIPMENT AND SOFTWARE | $954,475 | $483,896 | $470,579 |
| MANTENANCE AND REPAIRS | $663,883 | $432,891 | $230,992 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $85,810,638 | TotalAmt |
| Program Services | $69,838,675 | ProgramServicesAmt |
| Management And General | $15,971,963 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,485 | BOYAmt |
| EOY | $986,472 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $27,720 | BOYAmt |
| EOY | $27,789 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $20,977,918 | BOYAmt |
| EOY | $12,558,294 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $54,694 | BOYAmt |
| EOY | $50,000 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $124,293 | BOYAmt |
| EOY | $672,500 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $695,460 | BOYAmt |
| EOY | $1,097,588 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $5,846,766 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $4,714,462 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,219,182 | BOYAmt |
| EOY | $1,132,304 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,854,149 | BOYAmt |
| EOY | $4,136,022 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $25,961,901 | BOYAmt |
| EOY | $20,660,969 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $13,458,678 | BOYAmt |
| EOY | $11,699,174 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $39,909 | BOYAmt |
| EOY | $244,013 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,512,894 | BOYAmt |
| EOY | $0 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $518,312 | BOYAmt |
| EOY | $298,889 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $18,529,793 | BOYAmt |
| EOY | $12,242,076 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,432,108 | BOYAmt |
| EOY | $8,418,893 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,432,108 | BOYAmt |
| EOY | $8,418,893 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $25,961,901 | BOYAmt |
| EOY | $20,660,969 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $986,785 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consol And Sep Basis Fincl Stmt | Yes (X) | ConsolAndSepBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (1) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (1) | FederalGrantAuditPerformedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org509a2 | Yes (X) | PubliclySupportedOrg509a2Ind |
Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $1,810,397 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $8,637,774 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $4,838,071 | CurrentTaxYearMinus2YearsAmt |
| Total | $15,286,242 | TotalAmt |
Gross Receipts Admissions GrossReceiptsAdmissionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $43,919,136 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $59,441,444 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $71,559,837 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $75,494,925 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $86,797,423 | CurrentTaxYearAmt |
| Total | $337,212,765 | TotalAmt |
Total509 Total509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $45,729,533 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $68,079,218 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $76,397,908 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $75,494,925 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $86,797,423 | CurrentTaxYearAmt |
| Total | $352,499,007 | TotalAmt |
Amounts Rcvd Dsqlfy Person AmountsRcvdDsqlfyPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Substantial Contributors Amt SubstantialContributorsAmtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $141,211 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $8,140,516 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $16,359,509 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $11,658,050 | CurrentTaxYearMinus1YearAmt |
| Total | $36,299,286 | TotalAmt |
Subst And Dsqlfy Prsns Tot SubstAndDsqlfyPrsnsTotGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $141,211 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $8,140,516 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $16,359,509 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $11,658,050 | CurrentTaxYearMinus1YearAmt |
| Total | $36,299,286 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total509 | $316,199,721 | PublicSupportTotal509Amt |
Gross Investment Income509 GrossInvestmentIncome509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $3,173 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $39,712 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $3,498 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $996 | CurrentTaxYearMinus1YearAmt |
| Total | $47,379 | TotalAmt |
Investment Income And UBTI InvestmentIncomeAndUBTIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $3,173 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $39,712 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $3,498 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $996 | CurrentTaxYearMinus1YearAmt |
| Total | $47,379 | TotalAmt |
Other Income509 OtherIncome509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus3 Years | $556,076 | CurrentTaxYearMinus3YearsAmt |
| Total | $556,076 | TotalAmt |
Total Support Calendar Year TotalSupportCalendarYearGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $45,732,706 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $68,675,006 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $76,401,406 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $75,495,921 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $86,797,423 | CurrentTaxYearAmt |
| Total | $353,102,462 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support CY509 | 0.89550 | PublicSupportCY509Pct |
| Public Support PY509 | 0.87320 | PublicSupportPY509Pct |
| Investment Income CY | 0.00010 | InvestmentIncomeCYPct |
| Investment Income PY | 0.00020 | InvestmentIncomePYPct |
| Thirty Thr Pct Suprt Tests CY509 | Yes (X) | ThirtyThrPctSuprtTestsCY509Ind |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Volunteers | 0 | VolunteersInd |
| Paid Staff Or Management | Yes (1) | PaidStaffOrManagementInd |
| Media Advertisements | 0 | MediaAdvertisementsInd |
| Mailings Members | 0 | MailingsMembersInd |
| Publications Or Broadcast | 0 | PublicationsOrBroadcastInd |
| Grants Other Organizations | 0 | GrantsOtherOrganizationsInd |
| Direct Contact Legislators | Yes (1) | DirectContactLegislatorsInd |
| Direct Contact Legislators | $80,795 | DirectContactLegislatorsAmt |
| Rallies Demonstrations | 0 | RalliesDemonstrationsInd |
| Other Activities | 0 | OtherActivitiesInd |
| Total Lobbying Expenditures | $80,795 | TotalLobbyingExpendituresAmt |
| Not Described Section501c3 | 0 | NotDescribedSection501c3Ind |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART II-B, LINE 1: | FormAndLineReferenceDesc |
| Explanation | VEIC'S PRIMARY LOBBYING ACTIVITIES WERE RELATED TO STATE GOVERNMENT ACTIVITIES IN VERMONT. VEIC HAS TWO EMPLOYEES (GEORGE TWIGG AND SCUDDER PARKER) WHO ARE REGISTERED LOBBYISTS WITH THE VERMONT SECRETARY OF STATE'S OFFICE. NEITHER 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $2,083,302 | OtherCostOrOtherBasisAmt |
| Depreciation | $1,889,273 | DepreciationAmt |
| Book Value | $194,029 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,459,902 | OtherCostOrOtherBasisAmt |
| Depreciation | $1,134,222 | DepreciationAmt |
| Book Value | $325,680 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $2,303,562 | OtherCostOrOtherBasisAmt |
| Depreciation | $1,690,967 | DepreciationAmt |
| Book Value | $612,595 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $1,132,304 | TotalBookValueLandBuildingsAmt |
Other Assets Org OtherAssetsOrgGrp (2 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| ACCRUED EEU PERFORMANCE INCENTIVES | $3,864,946 |
| DUE FROM LANDLORD (MAIN FACILITY LEASE) | $271,076 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $4,136,022 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | CAPITAL LEASE OBLIGATIONS | Desc |
| Amt | $298,889 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $298,889 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $85,068,673 | TotalRevEtcAuditedFinclStmtAmt |
| Revenue Not Reported | $0 | RevenueNotReportedAmt |
| Revenue Subtotal | $85,068,673 | RevenueSubtotalAmt |
| Other Revenues Not Included | $1,728,750 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $1,728,750 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $86,797,423 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $84,081,888 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | -$1,728,750 | OtherExpensesIncludedAmt |
| Expenses Not Reported | -$1,728,750 | ExpensesNotReportedAmt |
| Expenses Subtotal | $85,810,638 | ExpensesSubtotalAmt |
| Expenses Not Rpt Fincl Stmt | $0 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $85,810,638 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART X, LINE 2: | VEIC AND COMMONS ENERGY 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, 2014 AND 2013, MANAGEMENT DETERMINED THAT THERE ARE NO MATERIAL UNRECOGNIZED TAX POSITIONS TO REPORT. |
| PART XI, LINE 4B - OTHER ADJUSTMENTS: | PERFORMANCE INCENTIVE AWARD INCOME |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | PERFORMANCE INCENTIVE AWARD INCOME |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | Yes (1) | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (5 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DONALD JOHNSTONE | ||||||||||||||
| EXECUTIVE DIRECTOR | $161,075 | $0 | $0 | $0 | $1,400 | $0 | $10,177 | $0 | $10,349 | $0 | $183,001 | $0 | $0 | $0 |
| JAMES MERRIAM | ||||||||||||||
| DIRECTOR VEIC OPERATIONS | $155,358 | $0 | $0 | $0 | $0 | $0 | $9,768 | $0 | $10,009 | $0 | $175,135 | $0 | $0 | $0 |
| THEODORE TRABUE JR | ||||||||||||||
| DIRECTOR DC SEU | $145,524 | $0 | $0 | $0 | $750 | $0 | $6,171 | $0 | $10,653 | $0 | $163,098 | $0 | $0 | $0 |
| MARCUS WALKER | ||||||||||||||
| DIRECTOR DC SEU OPERATIONS | $140,135 | $0 | $0 | $0 | $0 | $0 | $4,498 | $0 | $10,653 | $0 | $155,286 | $0 | $0 | $0 |
| ERIN CARROLL | ||||||||||||||
| DIRECTOR CONSULTATIVE SERVICES | $159,153 | $0 | $0 | $0 | $1,912 | $0 | $8,408 | $0 | $757 | $0 | $170,230 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 4A | FormAndLineReferenceDesc |
| Explanation | VEIC PROVIDED SEVERANCE PAYMENTS TO KRISTYN WILDER, DIRECTOR OF EFFICIENCY SMART IN THE AMOUNT OF $29,856. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION B, LINE 11 | THE AUDIT COMMITTEE REVIEWS THE 990 AND THEN PRESENTS A SUMMARY TO THE GOVERNING BOARD FOR APPROVAL. |
| 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 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 DOES NOT HAVE A POLICY THAT MAKES THESE DOUCMENTS AVAILABLE TO THE PUBLIC, HOWEVER, VEIC WOULD PROVIDE THESE DOCUMENTS TO ANY MEMBER OF THE PUBLIC WHO REQUESTS TO SEE THEM. |
| FORM 990, PART IX, LINE 11G | WORK BASED ON DEFINED DELIVERABLES RELATED TO DIRECT BILLABLE PROJECTS: PROGRAM SERVICE EXPENSES 7,870,224. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 7,870,224. INDIRECT POOL CONTRACTORS (I.E. FINANCE, IT) AND SOFTWARE SUPPORT: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 639,156. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 639,156. SERVICES PERFORMED ON INCENTIVE-BASED PROGRAMS OR RECEIVED INCENTIVE: PROGRAM SERVICE EXPENSES 3,125,362. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,125,362. WORK RELATED TO DIRECT BILLABLE PROJECTS: PROGRAM SERVICE EXPENSES 2,362. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,362. WORK TO SUPPORT A DIRECT DIVISION WITHOUT DEFINED DELIVERABLES: PROGRAM SERVICE EXPENSES 470,834. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 470,834. SUBCONTRACTORS WORKING ON MISSION-RELATED PROJECTS OR ADVERTISING: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 31,472. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 31,472. |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | COMMONS ENERGY L3C | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 128 LAKESIDE AVE SUITE 401 | AddressLine1Txt |
| City | BURLINGTON | CityNm |
| State Abbreviation | VT | StateAbbreviationCd |
| ZIP | 05401 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 464740743 | EIN |
| Primary Activities | PROVIDE ENERGY IMPROVEMENT SERVICES TO UNDERSERVED PUBLIC BUILDINGS | PrimaryActivitiesTxt |
| Legal Domicile State | VT | LegalDomicileStateCd |
| Total Income | $350,000 | TotalIncomeAmt |
| End Of Year Assets | $204,145 | EndOfYearAssetsAmt |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | VERMONT ENERGY INVESTMENT CORPORATION | BusinessNameLine1Txt |
Comments