Form 990 for tax year 2024

Totals

Total revenue

$955,784

Total expenses

$951,683

Contributions and grants received

$424,412

Grants paid

$194,402

Program service revenue

$523,919

Investment income

$7,453

Other revenue

$0

Total assets, end of year

$146,744

Total liabilities, end of year

$23,372

Net assets or fund balances, end of year

$123,372

Program services expenses (Part IX)

$831,610

Management and general expenses

$120,073

Fundraising expenses

$0

Program service expenses (Part III)

$831,610

Program services were 87.4% 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

• Continued Implementation of Energy Transition Program The Energy Transition Program is a community-driven effort to help our island achieve its renewable energy goals through direct engagement with residents, businesses, the Wampanoag Tribe of Gay Head (Aquinnah), municipalities, and environmental justice communities in the transition to a renewable energy future. The program confronts the climate crisis across five main areas of focus: renewable energy generation, strategic electrification, energy efficiency, resiliency, and equity. VPDF, utilizing its staff to support community outreach, engagement, education, technology, and partnership development, and leveraging its role as Community First Partner (CFP) to the Cape Light Compact and Mass Save, increased Home Energy Assessment enrollments by 70% year over year. Our organization also conducted nearly 80 individual energy coaching sessions in 2024 to support island residents in the energy transition. As a result of its Community Benefit Agreement with Vineyard Wind, VPDF is the managing entity responsible for the implementation of the Resiliency and Affordability Program (RAP) on Martha's Vineyard. The RAP is a $7.5 million commitment to the island over 15 years designed to increase renewable resiliency technology in the form of solar & battery storage projects at critical government, nonprofit, and tribal facilities, and to deliver electricity bill savings to the island's income eligible ratepayers. Under Project Plans approved by Vineyard Wind and Massachusetts Department of Energy Resources, VPDF committed $611,000 over 20 years to subsidize municipal solar and battery storage projects, $40,000 to non-profit affordable housing solar projects, donated over $150,000 to subsidize income eligible ratepayer electricity costs, and provided over $44,000 in interest free financing to the Wampanoag Tribe of Gay Head (Aquinnah) to support the development of solar and battery storage for new Tribal housing units. Lastly, VPDF worked with the Wampanoag Tribe of Gay Head (Aquinnah) (WTGHA) to develop the WTGHA Priority Climate Action Plan (PCAP) under U.S. EPA Climate Pollution Reduction Grants and to advise on energy-related matters including energy efficiency and renewable energy generation.

  Expenses $831,610 · Grants $194,402 · Revenue $523,919

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.

Grants on this return

• Cape Light Compact JPE

  $153,753

  Cape Light Compact JPE is a joint powers entity established under M.G.L. c. 40, 4A to administer power supply services and energy efficiency programming for all twenty-one towns on Cape Cod and Martha's Vineyard in accordance with M.G.L. c. 164 134(a) & (b), respectively. As such, the Cape Light Compact, through its power supply services, has access to income eligibile ratepayer usage data and billing information. Grant funds were remitted to the Cape Light Compact for the purposes of delivering bi-annual distributions of funds to all electric customers on Martha's Vineyard receiving supply from the Compact on the R-2 and R-4 discounted electric rates to effectively subsidize electricity for income eligible ratepayers.

• Island Housing Trust

  $40,000

  The purpose of the grant is to provide funds for IHT to develop a 127 kW DC solar photovoltaic array for it's Kheun's Way affordable housing project.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

• Vineyard Power Cooperative

  501(c)(12) · Renewable Energy · MA

Provenance

Return type

form_990

Tax year

2024

Filed

12 May 2025

IRS schema version

2024v5.1

Source object

202531339349304938

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