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VEIC IS A SUSTAINABLE ENERGY COMPANY ON A MISSION TO GENERATE THE ENERGY (CONTINUES IN SCHED O)(CONTINUED) SOLUTIONS THE WORLD NEEDS.
Source: IRS Form 990 (Tax Year 2024)
Source: IRS e-Filed Form 990 (from the IRS e-File system), Tax Year 2024
Total Revenue
▼$130.9M
Program Spending
95%
of total expenses go to program services
Total Contributions
$9.6M
Total Expenses
▼$131.1M
Total Assets
$53.4M
Total Liabilities
▼$24.7M
Net Assets
$28.7M
Officer Compensation
→$1.8M
Other Salaries
$38.9M
Investment Income
$726.2K
Fundraising
▼N/A
Tax Year 2024 · Source: IRS Form 990, Schedule I (Grants and Other Assistance)
Total grants awarded: $8.5M
| Recipient | Location | Amount | Type | Purpose |
|---|---|---|---|---|
RUTLAND WEST NEIGHBORHOOD HOUSING SERVICES | RUTLAND, VT | $1M | Cash | WORKFORCE DEVELOPMENT |
SOUTHWEST VERMONT SUPERVISORY UNION | BENNINGTON, VT | $930K | Cash | INDOOR AIR QUALITY |
RUTLAND NORTHEAST SUPERVISORY UNION | BRANDON, VT | $834.2K | Cash | INDOOR AIR QUALITY |
CENTRAL VERMONT SUPERVISORY UNION82-5221524 | WILLIAMSTOWN, VT | $750K | Cash | INDOOR AIR QUALITY |
LYNDON INSTITUTE | LYNDON CENTER, VT | $616.7K | Cash | INDOOR AIR QUALITY |
VERMONT ACHIEVEMENT CENTER | RUTLAND, VT | $614.9K | Cash | INDOOR AIR QUALITY |
MOUNT ABRAHAM UNIFIED SCHOOL DISTRICT82-5254601 | BRISTOL, VT | $506.4K | Cash | INDOOR AIR QUALITY |
ORANGE EAST SUPERVISORY UNION | BRADFORD, VT | $503.8K | Cash | INDOOR AIR QUALITY |
BURLINGTON SCHOOL DISTRICT47-1351664 | BURLINGTON, VT | $380.8K | Cash | INDOOR AIR QUALITY |
MILTON TOWN SCHOOL DISTRICT | MILTON, VT | $374.5K | Cash | INDOOR AIR QUALITY |
NORTH COUNTRY SUPERVISORY UNION | NEWPORT, VT | $300K | Cash | INDOOR AIR QUALITY |
ADDISON NORTHWEST SCHOOL DISTRICT81-5122244 | VERGENNES, VT | $300K | Cash | INDOOR AIR QUALITY |
CLARA MARTIN CENTER INC | RANDOLPH, VT | $279.2K | Cash | INDOOR AIR QUALITY |
MOUNTAIN VIEWS SUPERVISORY UNION | WOODSTOCK, VT | $250K | Cash | INDOOR AIR QUALITY |
WINDHAM CENTRAL SUPERVISORY UNION | TOWNSHEND, VT | $240K | Cash | INDOOR AIR QUALITY |
CALEDONIA CENTRAL SUPERVISORY UNION | WEST DANVILLE, VT | $209.7K | Cash | INDOOR AIR QUALITY |
MILL RIVER UNIFIED UNION SCHOOL DISTRICT81-2267789 | NORTH CLARENDON, VT | $172.9K | Cash | INDOOR AIR QUALITY |
COMMUNITY HOUSE INC | BRATTLEBORO, VT | $99.9K | Cash | INDOOR AIR QUALITY |
VERMONT NATIONAL GUARD | COLCHESTER, VT | $87.7K | Cash | THERMAL ENERGY STORAGE |
VILLAGE SCHOOL OF NORTH BENNINGTON36-4718737 | NORTH BENNINGTON, VT | $45.4K | Cash | INDOOR AIR QUALITY |
ST MONICA'S PARISH | BARRE, VT | $24.5K | Cash | INDOOR AIR QUALITY |
| Total | $8.5M | |||
RUTLAND WEST NEIGHBORHOOD HOUSING SERVICES
RUTLAND, VT
$1M
SOUTHWEST VERMONT SUPERVISORY UNION
BENNINGTON, VT
$930K
RUTLAND NORTHEAST SUPERVISORY UNION
BRANDON, VT
$834.2K
WILLIAMSTOWN, VT
$750K
LYNDON INSTITUTE
LYNDON CENTER, VT
$616.7K
VERMONT ACHIEVEMENT CENTER
RUTLAND, VT
$614.9K
BRISTOL, VT
$506.4K
ORANGE EAST SUPERVISORY UNION
BRADFORD, VT
$503.8K
BURLINGTON, VT
$380.8K
MILTON TOWN SCHOOL DISTRICT
MILTON, VT
$374.5K
NORTH COUNTRY SUPERVISORY UNION
NEWPORT, VT
$300K
VERGENNES, VT
$300K
CLARA MARTIN CENTER INC
RANDOLPH, VT
$279.2K
MOUNTAIN VIEWS SUPERVISORY UNION
WOODSTOCK, VT
$250K
WINDHAM CENTRAL SUPERVISORY UNION
TOWNSHEND, VT
$240K
CALEDONIA CENTRAL SUPERVISORY UNION
WEST DANVILLE, VT
$209.7K
NORTH CLARENDON, VT
$172.9K
COMMUNITY HOUSE INC
BRATTLEBORO, VT
$99.9K
VERMONT NATIONAL GUARD
COLCHESTER, VT
$87.7K
NORTH BENNINGTON, VT
$45.4K
ST MONICA'S PARISH
BARRE, VT
$24.5K
Source: USAspending.gov · Searched by organization name
Total Federal Funding
$10.2M
Awards Found
9
Department of Energy
$5M
THERMAL ENERGY STORAGE TO SUPPORT RENEWABLE ENERGY DEPLOYMENT
Department of Energy
$1.4M
TAS::89 0321::TAS NEW DOE GRANT TO VERMONT ENERGY INVESTMENT CORPORATION ENTITLED "VERMONT ENERGY INVESTMENT CORPORATION" UNDER AWARD NUMBER DE-EE000
Department of Energy
$1.3M
TAS::89 0321::TAS LEVERAGING SMART GRID TECHNOLOGY TO MAXIMIZE ENERGY SAVINGS IN LOW-INCOME HOUSEHOLDS
Department of Energy
$1M
BIOMASS ENERGY RESOURCE CENTER - CORE AND PROGRAM SUPPORT
Department of Energy
$780K
A NEW STATE-OF-THE-ART: ZERO ENERGY MODULAR FACTORY AND MULTIFAMILY HOUSING CONSTRUCTION SYSTEM
Department of Energy
$533.3K
SOLAR AND DISTRIBUTED GENERATION AS KEY ELEMENTS IN MEETING VERMONT S COMPREHENSIVE ENERGY PLAN GOALS
Department of Agriculture
$98.2K
DEVELOPMENT OF A NATIONAL WOODCHIP HEATING FUEL TECHNICAL QUALITY STANDARD
Environmental Protection Agency
$38.6K
THE RENEWABLES NOW! PROGRAM EDUCATES STUDENTS AND TEACHERS TO UNDERSTAND WHAT RENEWABLE ENERGY IS HOW TO USE IT EFFICIENTLY AND MAKE ENERGY-USAGE C
Source: Federal Audit Clearinghouse (fac.gov)
Total Audits
6
Clean Audits
6
Material Weakness
No
Noncompliance Issues
No
| Year | Status | Financial Report | Federal Expenditure | Low Risk | Accepted |
|---|---|---|---|---|---|
| 2024 | Clean | Unmodified (Clean) | $9.6M | Yes | 2025-07-15 |
| 2023 | Clean | Unmodified (Clean) | $7.5M | Yes | 2024-08-02 |
| 2022 | Clean | Unmodified (Clean) | $1.9M | Yes | 2023-07-25 |
| 2021 | Clean | Unmodified (Clean) | $1.3M | No | 2022-07-11 |
| 2020 | Clean | Unmodified (Clean) | $16.6M | No | 2021-07-18 |
| 2016 | Clean | Unmodified (Clean) | $899.5K | Yes | 2017-07-22 |
Financial Report
Unmodified (Clean)
Federal Expenditure
$9.6M
Financial Report
Unmodified (Clean)
Federal Expenditure
$7.5M
Financial Report
Unmodified (Clean)
Federal Expenditure
$1.9M
Financial Report
Unmodified (Clean)
Federal Expenditure
$1.3M
Financial Report
Unmodified (Clean)
Federal Expenditure
$16.6M
Financial Report
Unmodified (Clean)
Federal Expenditure
$899.5K
Tax Year 2024 · Source: IRS e-Filed Form 990Schedule J available
Individuals serving as officers, directors, or trustees of the organization.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other |
|---|
Source: IRS Publication 78, Auto-Revocation List & e-Postcard Data
Tax-deductible contributions: Yes
Deductibility code: PC
Sources: IRS e-Filed Form 990 (XML) & ProPublica Nonprofit Explorer
Scroll →
| Year | Revenue | Contributions | Expenses | Assets | Net Assets |
|---|---|---|---|---|---|
| 2024IRS e-File | $130.9M | $9.6M | $131.1M | $53.4M | $28.7M |
| 2023IRS e-File | $123.1M | $7.1M | $121M | $52.9M | $28.9M |
| 2022 | $108.7M | $1.4M | $106.3M | $52M | $26.9M |
| 2021 | $94.9M |
Sources: ProPublica Nonprofit Explorer & IRS e-File Index
| Tax Year | Form Type | Source | Documents |
|---|---|---|---|
| 2024 | 990 | IRS e-File | PDF not yet published by IRSView Filing → |
| 2023 | 990 | DataIRS e-File | PDF not yet published by IRSView Filing → |
| 2022 | 990 | DataIRS e-File |
Financial data: IRS e-Filed Form 990 (Tax Year 2024)
Leadership & compensation: IRS e-Filed Form 990, Part VII (Tax Year 2024)
Federal grants: USAspending.gov (live)
Organization info: IRS Business Master File
Tax-deductibility: IRS Publication 78
| Total |
|---|
| Rebecca Foster | Chief Executive Officer | 37.5 | $372.5K | $0 | $40.7K | $413.2K |
| Katherine Meyers | Chief Financial Officer | 37.5 | $274.9K | $0 | $14.1K | $289.1K |
| Stephanie Phillips | Chief General Counsel | 37.5 | $187K | $0 | $10.2K | $197.2K |
| Ellen Zuckerman | Chair | 1 | $3,750 | $0 | $0 | $3,750 |
| Oswaldo Acosta | Treasurer | 1 | $3,000 | $0 | $0 | $3,000 |
| Nancy Owens | Vice Chair | 1 | $2,750 | $0 | $0 | $2,750 |
| Cederick Anthony Pickett | Secretary | 1 | $2,000 | $0 | $0 | $2,000 |
Rebecca Foster
Chief Executive Officer
$413.2K
Hrs/Wk
37.5
Compensation
$372.5K
Related Orgs
$0
Other
$40.7K
Katherine Meyers
Chief Financial Officer
$289.1K
Hrs/Wk
37.5
Compensation
$274.9K
Related Orgs
$0
Other
$14.1K
Stephanie Phillips
Chief General Counsel
$197.2K
Hrs/Wk
37.5
Compensation
$187K
Related Orgs
$0
Other
$10.2K
Ellen Zuckerman
Chair
$3,750
Hrs/Wk
1
Compensation
$3,750
Related Orgs
$0
Other
$0
Oswaldo Acosta
Treasurer
$3,000
Hrs/Wk
1
Compensation
$3,000
Related Orgs
$0
Other
$0
Nancy Owens
Vice Chair
$2,750
Hrs/Wk
1
Compensation
$2,750
Related Orgs
$0
Other
$0
Cederick Anthony Pickett
Secretary
$2,000
Hrs/Wk
1
Compensation
$2,000
Related Orgs
$0
Other
$0
Highest compensated employees who are not officers or directors.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Lisa Harris | Chief People Officer | 37.5 | $266.1K | $0 | $22.5K | $288.6K |
| Pierre Van Der Merwe | Chief Technology Officer | 37.5 | $248.7K | $0 | $34.6K | $283.3K |
| Louis Hutchinson | COO Through Nov. 2024 | 37.5 | $249.5K | $0 |
Lisa Harris
Chief People Officer
$288.6K
Hrs/Wk
37.5
Compensation
$266.1K
Related Orgs
$0
Other
$22.5K
Pierre Van Der Merwe
Chief Technology Officer
$283.3K
Hrs/Wk
37.5
Compensation
$248.7K
Related Orgs
$0
Other
$34.6K
Louis Hutchinson
COO Through Nov. 2024
$271.1K
Hrs/Wk
37.5
Compensation
$249.5K
Related Orgs
$0
Other
$21.6K
Members of the governing board. Board members often serve without compensation.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Brandi Colander | Director Through Sep. 2024 | 1 | $1,500 | $0 | $0 | $1,500 |
| Dale Bryk | Director | 1 | $2,000 | $0 | $0 | $2,000 |
| Dianne Dillon-Ridgley | Director | 1 | $2,000 | $0 | $0 | $2,000 |
| Jacob Park | Director | 1 | $2,000 | $0 | $0 | $2,000 |
| Janet Besser | Director | 1 | $0 | $0 | $0 | $0 |
| Merrian Borgeson | Director |
Brandi Colander
Director Through Sep. 2024
$1,500
Hrs/Wk
1
Compensation
$1,500
Related Orgs
$0
Other
$0
Dale Bryk
Director
$2,000
Hrs/Wk
1
Compensation
$2,000
Related Orgs
$0
Other
$0
Dianne Dillon-Ridgley
Director
$2,000
Hrs/Wk
1
Compensation
$2,000
Related Orgs
$0
Other
$0
| $500.7K |
| $90.9M |
| $38.4M |
| $24.4M |
| 2020 | $121.7M | $16.4M | $117M | $42.2M | $20.4M |
| 2019 | $99M | $0 | $96.1M | $26.9M | $15.7M |
| 2018 | $87.4M | $0 | $85.4M | $22.7M | $12.8M |
| 2017 | $95.6M | $0 | $92.7M | $23.6M | $10.7M |
| 2016 | $87.6M | $0 | $87.7M | $25M | $7.8M |
| 2015 | $85.8M | $0 | $86.3M | $20.7M | $8M |
| 2014 | $86.8M | $0 | $85.8M | $20.7M | $8.4M |
| 2013 | $75.5M | $0 | $74.8M | $26M | $7.4M |
| 2012 | $76.4M | $4.8M | $75.2M | $21.5M | $6.7M |
| 2011 | $68.7M | $8.6M | $66.7M | $14.8M | $5.6M |
PDF not yet published by IRSView Filing → |
| 2021 | 990 | Data |
| 2020 | 990 | Data |
| 2019 | 990 | Data |
| 2018 | 990 | Data |
| 2017 | 990 | Data |
| 2016 | 990 | Data |
| 2015 | 990 | Data |
| 2014 | 990 | Data |
| 2013 | 990 | Data |
| 2012 | 990 | Data |
| 2011 | 990 | Data |
| 2010 | 990 | — |
| 2009 | 990 | — |
| 2008 | 990 | — |
| 2007 | 990 | — |
| 2005 | 990 | — |
| 2004 | 990 | — |
| 2003 | 990 | — |
| 2002 | 990 | — |
| 2001 | 990 | — |
| $21.6K |
| $271.1K |
| Brian Kealoha | Chief Growth And Impact Officer | 37.5 | $253.6K | $0 | $7,659 | $261.3K |
| Matthew Dooley | Man. Dir., En Serv/int. COO A/o Nov | 37.5 | $243.2K | $0 | $13K | $256.2K |
| Angela Johnson | Director, Finance, Dcseu | 37.5 | $204.7K | $0 | $18.6K | $223.3K |
| Peter Walke | Managing Director, Efficiency Vt | 37.5 | $190.5K | $0 | $14.4K | $204.9K |
| Ben Burdick | Interim Managing Director, Dcseu | 37.5 | $191.6K | $0 | $9,706 | $201.3K |
| Ernest Jolly | Man. Dir., Dcseu Through Sep. 2024 | 37.5 | $161K | $0 | $3,012 | $164K |
Brian Kealoha
Chief Growth And Impact Officer
$261.3K
Hrs/Wk
37.5
Compensation
$253.6K
Related Orgs
$0
Other
$7,659
Matthew Dooley
Man. Dir., En Serv/int. COO A/o Nov
$256.2K
Hrs/Wk
37.5
Compensation
$243.2K
Related Orgs
$0
Other
$13K
Angela Johnson
Director, Finance, Dcseu
$223.3K
Hrs/Wk
37.5
Compensation
$204.7K
Related Orgs
$0
Other
$18.6K
Peter Walke
Managing Director, Efficiency Vt
$204.9K
Hrs/Wk
37.5
Compensation
$190.5K
Related Orgs
$0
Other
$14.4K
Ben Burdick
Interim Managing Director, Dcseu
$201.3K
Hrs/Wk
37.5
Compensation
$191.6K
Related Orgs
$0
Other
$9,706
Ernest Jolly
Man. Dir., Dcseu Through Sep. 2024
$164K
Hrs/Wk
37.5
Compensation
$161K
Related Orgs
$0
Other
$3,012
| 1 |
| $0 |
| $0 |
| $0 |
| $0 |
| Nick Richardson | Director | 1 | $2,000 | $0 | $0 | $2,000 |
| Vincent Valdes | Director | 1 | $2,000 | $0 | $0 | $2,000 |
Jacob Park
Director
$2,000
Hrs/Wk
1
Compensation
$2,000
Related Orgs
$0
Other
$0
Janet Besser
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Merrian Borgeson
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Nick Richardson
Director
$2,000
Hrs/Wk
1
Compensation
$2,000
Related Orgs
$0
Other
$0
Vincent Valdes
Director
$2,000
Hrs/Wk
1
Compensation
$2,000
Related Orgs
$0
Other
$0