VINEYARD POWER DEVELOPMENT FUND INC

As filed

Subsection

03

NTEE code

T20

Classification

1000

Street

517 STATE RD

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

• 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.

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.

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. Earlier years are each on their own filing page.

Filings

• 2024

  Revenue

  $955,784

  Expenses

  $951,683

  Contributions

  $424,412

  Grants paid

  $194,402

• 2023

  Revenue

  $837,821

  Expenses

  $684,587

  Contributions

  $380,768

  Grants paid

  $191,634

• 2022

  Revenue

  $72,730

  Expenses

  $202,729

  Contributions

  $2,730

  Grants paid

  — not reported

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-EZ

  Revenue

  $96,036

  Expenses

  $0

  Assets (EOY)

  $96,036

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.

Grants made

• Cape Light Compact

  $190,000

  2023 · Resilience and Affordability Program - To assist low-income ratepayers reduce energy costs.

• Cape Light Compact JPE

  $153,753

  2024 · 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

  2024 · 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.

Where these grants went next →

Grants received

• CITIZENS ENERGY CORP

  $250,000

  2024 · UNRESTRICTED

• CITIZENS ENERGY CORP

  $200,000

  2023 · UNRESTRICTED

• MV VISION FELLOWSHIP FUND

  $75,000

  2022 · ENERGY TRANS. COORD.

• MV VISION FELLOWSHIP FUND

  $75,000

  2023 · ENERGY TRANS. COORD.

• MV VISION FELLOWSHIP FUND

  $50,000

  2024 · TO SUPPORT ENERGY TRANSITION COORDINATOR PROGRAM

• DONOR ADVISED CHARITABLE GIVING

  $10,000

  2022 · PUBLIC, SOCIETAL BENEFIT

Related organizations

From Schedule R Part II, where a filer lists the tax-exempt organizations it is related to by control. It does not record shared board members or money.

Other IRS files