Form 990 for tax year 2024

Totals

Total revenue

$130,939,426

Total expenses

$131,141,340

Contributions and grants received

$9,594,192

Grants paid

$8,524,334

Program service revenue

$120,619,050

Investment income

$726,184

Other revenue

$0

Total assets, end of year

$53,392,034

Total liabilities, end of year

$24,668,245

Net assets or fund balances, end of year

$28,723,789

Program services expenses (Part IX)

$124,497,870

Management and general expenses

$6,643,470

Fundraising expenses

$0

Program service expenses (Part III)

$124,497,870

Program services were 94.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Mission and programs · 2024

• 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 OVER $3.5 BILLION OVER THE LIFETIME OF THOSE INVESTMENTS, AND AVOID OVER 14.5 MILLION TONS OF CO2E.

  Expenses $68,575,392 · Revenue $71,176,014

• 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 O).(CONTINUED) IN 2024, THE DCSEU'S EFFORTS GENERATED $333 MILLION IN LIFETIME COST SAVINGS FOR DC RESIDENTS AND BUSINESSES, CREATED 90 GREEN JOBS FOR DISTRICT RESIDENTS, AND PREVENTED 1.08 MILLION MTCO2E IN LIFETIME GREENHOUSE GAS EMISSIONS, THE EQUIVALENT OF 77 MILLION GALLONS OF GASOLINE CONSUMED.

  Expenses $32,617,626 · Revenue $33,925,882

• 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 ENERGY, CAPACITY, AND TRANSMISSION COSTS.

  Expenses $3,029,552 · Revenue $3,268,400

• 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 2024, 59% OF VEIC'S ORG-WIDE CONSULTING WORK HAD AN EXPLICIT FOCUS ON LOW-TO-MODERATE-INCOME COMMUNITIES. IN 2024, VEIC EXPENDED $9,383,100 IN FEDERAL GRANTS FUNDED BY THE CORONAVIRUS STATE AND LOCAL FISCAL RECOVERY FUNDS.VEIC HAD A NET LOSS FOR 2024 AND HAD BUDGETED FOR THIS NET LOSS IN ORDER TO SUPPORT MAKING INVESTMENTS TO SUPPORT FUTURE YEAR REVENUE GROWTH. THIS WAS IN LINE WITH VEIC'S STRATEGIC PLAN TO INCREASE IMPACT AND DELIVERY OF ITS MISSION OVER THE NEXT SEVERAL YEARS.

  Expenses $20,275,300 · Grants $8,524,334 · Revenue $12,292,447

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

• RUTLAND WEST NEIGHBORHOOD HOUSING SERVICES

  $1,000,000

  WORKFORCE DEVELOPMENT

• SOUTHWEST VERMONT SUPERVISORY UNION

  $930,000

  INDOOR AIR QUALITY

• RUTLAND NORTHEAST SUPERVISORY UNION

  $834,185

  INDOOR AIR QUALITY

• CENTRAL VERMONT SUPERVISORY UNION

  $750,000

  INDOOR AIR QUALITY

• LYNDON INSTITUTE

  $616,655

  INDOOR AIR QUALITY

• VERMONT ACHIEVEMENT CENTER

  $614,890

  INDOOR AIR QUALITY

• MOUNT ABRAHAM UNIFIED SCHOOL DISTRICT

  $506,400

  INDOOR AIR QUALITY

• ORANGE EAST SUPERVISORY UNION

  $503,840

  INDOOR AIR QUALITY

• BURLINGTON SCHOOL DISTRICT

  $380,838

  INDOOR AIR QUALITY

• MILTON TOWN SCHOOL DISTRICT

  $374,487

  INDOOR AIR QUALITY

The 10 largest by cash amount. The API serves every itemized grant.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Provenance

Return type

form_990

Tax year

2024

Filed

2 October 2025

IRS schema version

2024v5.2

Source object

202512799349300916

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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