EIN 03-0304418

Vermont Energy Investment Corporation (VEIC)

IRS 501(c) type
501(c)(3)
Num. employees
381
State
Year formed
1986
Most recent tax filings
2022-12-01
Description
The Vermont Energy Investment Corporation's mission is reducing the economic and environmental costs of energy consumption through cost-effective energy efficiency and renewable technologies.
Total revenues
$108,745,667
2022
Total expenses
$106,290,392
2022
Total assets
$52,044,292
2022
Num. employees
381
2022

Program areas at VEIC

Efficiency 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 them over $3 billion over the lifetime of those investments, and avoid over 13 million tons of co2e.
Efficiency smart helps participating municipal electirc utilities and their customers reduce their Energy use and save money through techincal assistance and financial incentives. Since 2011, efficiency smart has served more than 65 of american municipal power's member utilities in four states. In 2022, efficiency smart assisted an estimated 4,669 residential households and 206 businesses. These customers will realize more than $29.5 million in savings over the lifetime of the products they installed in. In addition, participating municipal electric utilities saved more than $17.6 million in Energy, capacity and transmission costs.
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 6.2 million tons of greenhouse gas emissions. The dcseu has invested more than $50 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 o) (continued) in 2022, the dcseu's efforts generated $149 million in lifetime cost savings for dc residents and businesses, created 94 green jobs for district residents, and prevented 688,000 mtco2e in lifetime greenhouse gas emissions, the equivalent of 77 million gallons of gasoline consumed.
Energy services: veic provides national and international consulting services to utilities, businesses, government agencies, municipalities and foundations. We work with our clients to decarbonize their Energy systems through our four core services: Energy efficiency, building decarbonization, transportation electrification, and making electricity grids clean and flexible. We help our clients save Energy, reduce greenhouse gas emissions, and advance social and economic equity. In 2022, veic's consulting services spanned more than 24 states and provinces, including continued growth of work in Hawaii and California, and served more than 72 clients.

Grants made by VEIC

GranteeGrant descriptionAmount
Marin Country Day School (MCDS)Indoor Air Quality$122,250
HowardCenter CenterIndoor Air Quality$14,900

Who funds Vermont Energy Investment Corporation (VEIC)

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
World Resources Institute (WRI)Promote Envir Sustainable Transport Solutions$111,932

Personnel at VEIC

NameTitleCompensation
Rebecca FosterChief Executive Officer$247,021
Dr. Lou HutchinsonChief Operating Officer
Katherine MeyersChief Financial Officer$181,018
Pierre van der MerweChief Technology Officer$167,336
Lisa HarrisChief People Officer$190,048
...and 26 more key personnel

Financials for VEIC

RevenuesFYE 12/2022
Total grants, contributions, etc.$1,433,207
Program services$107,168,277
Investment income and dividends$144,183
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$108,745,667

Form 990s for VEIC

Fiscal year endingDate received by IRSFormPDF link
2022-122023-09-21990View PDF
2021-122022-11-02990View PDF
2020-122021-11-19990View PDF
2020-122021-09-29990View PDF
2019-122021-04-05990View PDF
...and 11 more Form 990s

Organizations like VEIC

OrganizationLocationRevenue
Slipstream GroupMadison, WI$38,761,093
CalstartPasadena, CA$66,442,286
Elevate EnergyChicago, IL$40,435,759
CeresBoston, MA$31,657,448
Rocky Mountain InstituteBoulder, CO$116,983,377
Massachusetts Audubon SocietyLincoln, MA$49,638,097
Conservation International (CI)Arlington, VA$290,503,839
Ocean ConservancyWashington, DC$49,652,396
National Audubon SocietyNew York, NY$150,045,491
Open Space Institute Land Trust (OSI)New York, NY$53,815,893
Data update history
October 30, 2023
Posted financials
Added Form 990 for fiscal year 2022
September 25, 2023
Received grants
Identified 1 new grant, including a grant for $111,932 from World Resources Institute (WRI)
July 28, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 11, 2023
Used new vendors
Identified 6 new vendors, including , , , , , and
July 6, 2023
Updated personnel
Identified 3 new personnel
Nonprofit Types
Social advocacy organizationsEnvironmental organizationsCharities
Issues
Energy conservationEnvironment
Characteristics
Political advocacyLobbyingOperates internationallyState / local levelReceives government fundingTax deductible donations
General information
Address
20 Winooski Falls Way 5th Floor
Winooski, VT 05404
Metro area
Burlington-South Burlington, VT
Website URL
veic.org/company/team 
Phone
(802) 658-6060
Facebook page
VermontEnergyInvestmentCorporation 
Twitter profile
@veic 
IRS details
EIN
03-0304418
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1986
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
C35: Energy Resource Conservation and Development
NAICS code, primary
813312: Environment, Conservation, and Wildlife Organizations
Parent/child status
Independent
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