Vermont Energy Investment Corporation
Vermont Energy Investment Corporation reported $130.9 million in revenue and $131.1 million in expenses for calendar year 2024. Of every $100 it spent, $94.93 went to program services, $5.07 to management and general costs and $0.00 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 92.1% of the total. Government grants made up 7.3%. The highest compensation it reported for one person was $413,194 (CHIEF EXECUTIVE OFFICER). 171 people received more than $100,000 in reportable compensation. Revenue rose 32% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $131MFor context, the median across 371 covered environment charities: $85.82 programs, $10.80 management, $3.38 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $131MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 94.9% | 83.6% |
| Management & general Part IX 25(C) ÷ 25(A) | 5.1% | 10.5% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 3.3% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.03 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 7.3% | 87.6% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 7.3% | 4.8% |
| Program service revenue share Part VIII 2g ÷ 12 | 92.1% | 3.2% |
| Highest reported compensation Part VII-A, columns D–F | $413,194 | $293,532 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.32% | 1.74% |
| People paid over $100,000 Part VII, line 2 | 171 | 7 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 2.6 | 18.8 |
| Independent voting board members Part VI 1a–1b | 11 of 11 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseEfficiency vermont works with partners to help the state transition to more affordable, low carbon energy use through education, incentives, and support for our clean energy workforce. The investments that vermonters have made in energy efficiency since efficiency vermont's inception in 2000 will save over $3.5 billion over the lifetime of those investments, and avoid over 14.5 million tons of co2e
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 $1.4 billion in lifetime energy cost savings and prevent more than 7 million tons of greenhouse gas emissions. The dcseu has invested more than $60 million in energy efficiency and renewable energy projects in low-income communities. Our work is building a brighter economic, environmental, and energy future for the district (continues in schedule…
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 65 of american municipal power's member utilities in four states. In 2024, efficiency smart assisted an estimated 1,332 residential households and 178 businesses. These customers will realize more than $19.5 million in savings over the lifetime of the products they installed. In addition, participating municipal electric utilities will save nearly $11.5 million in…
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| CHIEF EXECUTIVE OFFICER Officer, 37.50 hrs/week | $372,517 | $0 | $40,677 | $413,194 |
| CHIEF FINANCIAL OFFICER Officer, 37.50 hrs/week | $274,920 | $0 | $14,143 | $289,063 |
| CHIEF PEOPLE OFFICER Highest compensated employee, 37.50 hrs/week | $266,073 | $0 | $22,500 | $288,573 |
| CHIEF TECHNOLOGY OFFICER Highest compensated employee, 37.50 hrs/week | $248,730 | $0 | $34,604 | $283,334 |
| COO THROUGH NOV. 2024 Key employee, 37.50 hrs/week | $249,507 | $0 | $21,578 | $271,085 |
| CHIEF GROWTH AND IMPACT OFFICER Highest compensated employee, 37.50 hrs/week | $253,635 | $0 | $7,659 | $261,294 |
| MAN. DIR., EN SERV/INT. COO A/O NOV Highest compensated employee, 37.50 hrs/week | $243,190 | $0 | $13,032 | $256,222 |
| DIRECTOR, FINANCE, DCSEU Highest compensated employee, 37.50 hrs/week | $204,658 | $0 | $18,621 | $223,279 |
171 people received more than $100,000 in reportable compensation from Vermont Energy Investment Corporation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $1.8M (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b11 · 11 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4Yes
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 5426
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| CAPSTONE COMMUNITY ACTION INC Customer incentive processor | $2,151,997 |
| PEER CONSULTANTS PC Temp staffing agency | $741,217 |
| SWIPEJOBS Temp staffing agency | $463,061 |
| ASPEN OF DC INC Temp staffing agency | $454,729 |
| BPM LLP Energy consultant | $418,444 |
Individuals listed as contractors are left out. 17 contractors were paid more than $100,000 in all.
Correct a figure or respond
Every number above is copied from Vermont Energy Investment Corporation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Vermont Energy Investment Corporation, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Vermont Energy Investment Corporation spent in 2024, $94.93 went to programs. The full breakdown, from its IRS Form 990:
Embed on your site
Similar-sized charities in this cause
- New York Botanical GardenBronx, NY · revenue $125M · programs 78.8% · FY2025
- Great Hearts America-TexasSan Antonio, TX · revenue $149M · programs 94.8% · FY2025
- Marshall Area Economic DevelopmentMarshall, MI · revenue $119M · programs 99.9% · FY2025
- EarthjusticeSan Francisco, CA · revenue $171M · programs 81.3% · FY2025
- National Arbor Day FoundationLincoln, NE · revenue $112M · programs 68.4% · FY2025
Questions people ask
How much of Vermont Energy Investment Corporation's spending goes to programs?
In calendar year 2024, Vermont Energy Investment Corporation reported that 94.9% of its $131.1 million in expenses went to program services, 5.1% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Vermont Energy Investment Corporation pay its top executive?
The largest total compensation Vermont Energy Investment Corporation reported for one person in calendar year 2024 was $413,194, for the role of CHIEF EXECUTIVE OFFICER (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Vermont Energy Investment Corporation get its money?
Of $130.9 million in revenue in calendar year 2024, 7.3% came from contributions and grants (including 7.3% from government grants) and 92.1% from program service revenue (Form 990, Part VIII).
Is Vermont Energy Investment Corporation a registered charity?
The IRS lists EIN 03-0304418 as a 501(c)(3) organization (publicly supported organization (509(a)(2))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202512799349300916 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202443179349300629 · read the filing
- 2022: Form 990 for calendar year 2022, object 202312649349301016 · read the filing
- 2021: Form 990 for calendar year 2021, object 202223069349300037 · read the filing
- 2020: Form 990 for calendar year 2020 (amended), object 202123239349301222 · read the filing
- 2019: Form 990 for calendar year 2019, object 202023189349300122 · read the filing
All filings for EIN 03-0304418: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.