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VERMONT ENERGY INVESTMENT CORP

EIN 03-0304418 WINOOSKI, VT

Revenue 2024
$130,939,426
Expenses 2024
$131,141,340

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

As filed

Subsection
03
NTEE code
C350
Classification
1000
Street
20 WINOOSKI FALLSWAY 5TH

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Mission and programs · 2024

Mission

VEIC IS A SUSTAINABLE ENERGY COMPANY ON A MISSION TO GENERATE THE ENERGY SOLUTIONS THE WORLD NEEDS (CONTINUES IN SCHEDULE O). (CONTINUED), WORKING TO COMBAT THE CLIMATE CRISIS, BOOST COMMUNITY RESILIENCE, AND LOWER ENERGY COSTS. FOR NEARLY 40 YEARS VEIC HAS BEEN WORKING WITH GOVERNMENTS, UTILITIES, FOUNDATIONS AND BUSINESSES ACROSS NORTH AMERICA TO DEVELOP AND DEPLOY CLEAN ENERGY SERVICES THAT PROVIDE IMMEDIATE AND LASTING CHANGE. WITH EXPERTISE IN DECARBONIZATION PLANNING, PROGRAM AND FLEET SOLUTIONS, MARKETING & EDUCATION, AND NEW APPROACHES TO PILOTS AND FEDERAL FUNDING SOLUTIONS, VEIC BRINGS INNOVATIVE IDEAS TO THE MARKET THAT MEET GOALS AND REDUCE GHG. IN ADDITION TO OUR FULL-SERVICE CONSULTING BUSINESS, VEIC ADMINISTERS THREE LARGE-SCALE SUSTAINABLE ENERGY PROGRAMS: EFFICIENCY VERMONT, EFFICIENCY SMART, AND THE DC SUSTAINABLE ENERGY UTILITY (DCSEU).

Activities or mission (Part I)

VEIC IS A SUSTAINABLE ENERGY COMPANY ON A MISSION TO GENERATE THE ENERGY (CONTINUES IN SCHED O)(CONTINUED) SOLUTIONS THE WORLD NEEDS.

  • 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.

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

  • ELLEN ZUCKERMAN

    CHAIR

    Total calculated
    $3,750
    From this org
    $3,750
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • OSWALDO ACOSTA

    TREASURER

    Total calculated
    $3,000
    From this org
    $3,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • NANCY OWENS

    VICE CHAIR

    Total calculated
    $2,750
    From this org
    $2,750
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • DIANNE DILLON-RIDGLEY

    DIRECTOR

    Total calculated
    $2,000
    From this org
    $2,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • VINCENT VALDES

    DIRECTOR

    Total calculated
    $2,000
    From this org
    $2,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • NICK RICHARDSON

    DIRECTOR

    Total calculated
    $2,000
    From this org
    $2,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • CEDERICK ANTHONY PICKETT

    SECRETARY

    Total calculated
    $2,000
    From this org
    $2,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • DALE BRYK

    DIRECTOR

    Total calculated
    $2,000
    From this org
    $2,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • JACOB PARK

    DIRECTOR

    Total calculated
    $2,000
    From this org
    $2,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • BRANDI COLANDER

    DIRECTOR THROUGH SEP. 2024

    Total calculated
    $1,500
    From this org
    $1,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • JANET BESSER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MERRIAN BORGESON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • REBECCA FOSTER

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $413,194
    From this org
    $372,517
    From related orgs
    $0
    Other
    $40,677
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $368,200
    Bonus
    $3,348
    Other
    $969
    Deferred
    $17,105
    Nontaxable benefits
    $23,572
    Filer's total
    $413,194

  • KATHERINE MEYERS

    CHIEF FINANCIAL OFFICER

    Total calculated
    $289,063
    From this org
    $274,920
    From related orgs
    $0
    Other
    $14,143
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $269,503
    Bonus
    $3,348
    Other
    $2,069
    Deferred
    $12,930
    Nontaxable benefits
    $1,213
    Filer's total
    $289,063

  • STEPHANIE PHILLIPS

    CHIEF GENERAL COUNSEL

    Total calculated
    $197,204
    From this org
    $186,999
    From related orgs
    $0
    Other
    $10,205
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $180,732
    Bonus
    $3,348
    Other
    $2,919
    Deferred
    $9,022
    Nontaxable benefits
    $1,183
    Filer's total
    $197,204

  • LOUIS HUTCHINSON

    COO THROUGH NOV. 2024

    Total calculated
    $271,085
    From this org
    $249,507
    From related orgs
    $0
    Other
    $21,578
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $227,396
    Bonus
    $3,348
    Other
    $18,763
    Deferred
    $0
    Nontaxable benefits
    $21,578
    Filer's total
    $271,085

  • BEN BURDICK

    INTERIM MANAGING DIRECTOR, DCSEU

    Total calculated
    $201,275
    From this org
    $191,569
    From related orgs
    $0
    Other
    $9,706
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $185,252
    Bonus
    $3,348
    Other
    $2,969
    Deferred
    $7,795
    Nontaxable benefits
    $1,911
    Filer's total
    $201,275

  • PETER WALKE

    MANAGING DIRECTOR, EFFICIENCY VT

    Total calculated
    $204,908
    From this org
    $190,505
    From related orgs
    $0
    Other
    $14,403
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $186,064
    Bonus
    $3,348
    Other
    $1,093
    Deferred
    $4,391
    Nontaxable benefits
    $10,012
    Filer's total
    $204,908

  • ERNEST JOLLY

    MAN. DIR., DCSEU THROUGH SEP. 2024

    Total calculated
    $164,005
    From this org
    $160,993
    From related orgs
    $0
    Other
    $3,012
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $151,439
    Bonus
    $3,348
    Other
    $6,206
    Deferred
    $1,550
    Nontaxable benefits
    $1,462
    Filer's total
    $164,005

  • LISA HARRIS

    CHIEF PEOPLE OFFICER

    Total calculated
    $288,573
    From this org
    $266,073
    From related orgs
    $0
    Other
    $22,500
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $262,606
    Bonus
    $3,348
    Other
    $119
    Deferred
    $12,254
    Nontaxable benefits
    $10,246
    Filer's total
    $288,573

  • BRIAN KEALOHA

    CHIEF GROWTH AND IMPACT OFFICER

    Total calculated
    $261,294
    From this org
    $253,635
    From related orgs
    $0
    Other
    $7,659
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $249,317
    Bonus
    $3,348
    Other
    $970
    Deferred
    $6,058
    Nontaxable benefits
    $1,601
    Filer's total
    $261,294

  • PIERRE VAN DER MERWE

    CHIEF TECHNOLOGY OFFICER

    Total calculated
    $283,334
    From this org
    $248,730
    From related orgs
    $0
    Other
    $34,604
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $244,413
    Bonus
    $3,348
    Other
    $969
    Deferred
    $11,032
    Nontaxable benefits
    $23,572
    Filer's total
    $283,334

  • MATTHEW DOOLEY

    MAN. DIR., EN SERV/INT. COO A/O NOV

    Total calculated
    $256,222
    From this org
    $243,190
    From related orgs
    $0
    Other
    $13,032
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $236,923
    Bonus
    $3,348
    Other
    $2,919
    Deferred
    $11,819
    Nontaxable benefits
    $1,213
    Filer's total
    $256,222

  • ANGELA JOHNSON

    DIRECTOR, FINANCE, DCSEU

    Total calculated
    $223,279
    From this org
    $204,658
    From related orgs
    $0
    Other
    $18,621
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $198,521
    Bonus
    $3,348
    Other
    $2,789
    Deferred
    $8,200
    Nontaxable benefits
    $10,421
    Filer's total
    $223,279

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. Earlier years are each on their own filing page.

Filings

  • 2024
    Revenue
    $130,939,426
    Expenses
    $131,141,340
    Contributions
    $9,594,192
    Grants paid
    $8,524,334
  • 2023
    Revenue
    $123,099,830
    Expenses
    $121,025,310
    Contributions
    $7,097,422
    Grants paid
    $2,462,715
  • 2022
    Revenue
    $108,745,667
    Expenses
    $106,290,392
    Contributions
    $1,433,207
    Grants paid
    $734,368

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

  • 2021 · 990

    Revenue
    $94,935,292
    Expenses
    $90,928,851
    Assets (EOY)
    $38,391,512

  • 2020 · 990

    Revenue
    $121,662,420
    Expenses
    $116,957,963
    Assets (EOY)
    $42,152,408

  • 2020 · 990

    Revenue
    $121,662,420
    Expenses
    $116,957,963
    Assets (EOY)
    $42,152,408

  • 2019 · 990

    Revenue
    $99,018,110
    Expenses
    $96,107,411
    Assets (EOY)
    $26,906,393

  • 2018 · 990

    Revenue
    $87,429,577
    Expenses
    $85,400,411
    Assets (EOY)
    $22,684,853

  • 2017 · 990

    Revenue
    $95,648,100
    Expenses
    $92,719,368
    Assets (EOY)
    $23,577,182

  • 2016 · 990

    Revenue
    $87,557,045
    Expenses
    $87,715,728
    Assets (EOY)
    $25,030,404

  • 2015 · 990

    Revenue
    $85,840,612
    Expenses
    $86,283,571
    Assets (EOY)
    $20,702,426

  • 2014 · 990

    Revenue
    $86,797,423
    Expenses
    $85,810,638
    Assets (EOY)
    $20,660,969

  • 2013 · 990

    Revenue
    $75,495,921
    Expenses
    $74,813,409
    Assets (EOY)
    $25,961,901

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all. Showing the 10 most recent; the API carries the rest.

Grants made

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

Where these grants went next →

Grants received

Taxable family

From Schedule R Parts I, III and IV: entities that legally are the filer, and taxable partnerships, corporations and trusts it is related to. These record ownership and control, not shared board members or money.

Disregarded entities on its 2024 return

  • COMMONS ENERGY L3C

    PROVIDE ENERGY IMPROVEMENT SERVICES TO UNDERSERVED PUBLIC BUILDINGS · VT · income $87,656 · assets $2,403,995

Related corporations and trusts on its 2024 return

  • SUN SHARES LLC

    C · ELECTRIC POWER · VT · 100% owned · share of income $10,207 · share of assets $41,417

Other IRS files

Auto-Revocation List

Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.

Publication 78

Listed as of 13 October 2026, under deductibility PC.

These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.

What this page reflects

The registration facts above come from the IRS Business Master File published 13 October 2026 and read 23 October 2026, for every organization at once. Returns through tax year 2024, the newest we have parsed for this organization.