VERMONT ENERGY INVESTMENT CORPORATION Charity Report

Public IRS 990 nonprofit record

VERMONT ENERGY INVESTMENT CORPORATION

EIN 03-0304418 · Environment (C350)

What they do

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).

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $94.90 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders24 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

95.08%of revenue went to mission work94.9% of expenses · Program services

$100.15spent for every $100 of revenueSpending was higher than revenue this year.

5.07%of revenue went to management and office costs5.1% of expenses

$0.41in assets for every $1 spent this yearSome assets cannot be spent right away.

7.3%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $201,914 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $413,194 for REBECCA FOSTER (CHIEF EXECUTIVE OFFICER). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$130,939,426

Mission workProgram services$124,497,87095.08% of revenue94.9% of expenses

ManagementOffice and general costs$6,643,4705.07% of revenue5.1% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Total expenses$131,141,340100.15% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 94.9% mission · 5.1% management · 0.0% fundraisingTotal expenses: 100.15% of revenue

2023Expense mix: 96.0% mission · 4.0% management · 0.0% fundraisingTotal expenses: 98.31% of revenue

2022Expense mix: 96.3% mission · 3.7% management · 0.0% fundraisingTotal expenses: 97.74% of revenue

2021Expense mix: 98.2% mission · 1.8% management · 0.0% fundraisingTotal expenses: 95.78% of revenue

2020Expense mix: 98.3% mission · 1.7% management · 0.0% fundraisingTotal expenses: 96.13% of revenue

2019Expense mix: 96.8% mission · 3.2% management · 0.0% fundraisingTotal expenses: 97.06% of revenue

2018Expense mix: 96.9% mission · 3.1% management · 0.0% fundraisingTotal expenses: 97.68% of revenue

2017Expense mix: 81.5% mission · 18.5% management · 0.0% fundraisingTotal expenses: 96.94% of revenue

Money in and money out

Revenue$130,939,426

Expenses$131,141,340

Annual shortfall $201,914 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$124,497,870 · 94.9% of expenses

Management and office costs$6,643,470 · 5.1% of expenses

See all reported dollar amounts

Revenue$130,939,426

Expenses$131,141,340

Assets$53,392,034

Income$130,939,426

Contributions$9,594,192

Mission work (program services)$124,497,870

Grants given$41,118,397

Average grant$130,122

Management and general$6,643,470

Accounting fees$87,400

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

REBECCA FOSTERCHIEF EXECUTIVE OFFICER · 38 hrs/week $413,194Base $372,517 · Other $40,677

KATHERINE MEYERSCHIEF FINANCIAL OFFICER · 38 hrs/week $289,063Base $274,920 · Other $14,143

LISA HARRISCHIEF PEOPLE OFFICER · 38 hrs/week $288,573Base $266,073 · Other $22,500

PIERRE VAN DER MERWECHIEF TECHNOLOGY OFFICER · 38 hrs/week $283,334Base $248,730 · Other $34,604

LOUIS HUTCHINSONCOO THROUGH NOV. 2024 · 38 hrs/week $271,085Base $249,507 · Other $21,578

BRIAN KEALOHACHIEF GROWTH AND IMPACT OFFICER · 38 hrs/week $261,294Base $253,635 · Other $7,659

MATTHEW DOOLEYMAN. DIR., EN SERV/INT. COO A/O NOV · 38 hrs/week $256,222Base $243,190 · Other $13,032

ANGELA JOHNSONDIRECTOR, FINANCE, DCSEU · 38 hrs/week $223,279Base $204,658 · Other $18,621

PETER WALKEMANAGING DIRECTOR, EFFICIENCY VT · 38 hrs/week $204,908Base $190,505 · Other $14,403

BEN BURDICKINTERIM MANAGING DIRECTOR, DCSEU · 38 hrs/week $201,275Base $191,569 · Other $9,706

STEPHANIE PHILLIPSCHIEF GENERAL COUNSEL · 38 hrs/week $197,204Base $186,999 · Other $10,205

ERNEST JOLLYMAN. DIR., DCSEU THROUGH SEP. 2024 · 38 hrs/week $164,005Base $160,993 · Other $3,012

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (24)

REBECCA FOSTERCHIEF EXECUTIVE OFFICER

KATHERINE MEYERSCHIEF FINANCIAL OFFICER

LISA HARRISCHIEF PEOPLE OFFICER

PIERRE VAN DER MERWECHIEF TECHNOLOGY OFFICER

LOUIS HUTCHINSONCOO THROUGH NOV. 2024

BRIAN KEALOHACHIEF GROWTH AND IMPACT OFFICER

MATTHEW DOOLEYMAN. DIR., EN SERV/INT. COO A/O NOV

ANGELA JOHNSONDIRECTOR, FINANCE, DCSEU

PETER WALKEMANAGING DIRECTOR, EFFICIENCY VT

BEN BURDICKINTERIM MANAGING DIRECTOR, DCSEU

STEPHANIE PHILLIPSCHIEF GENERAL COUNSEL

ERNEST JOLLYMAN. DIR., DCSEU THROUGH SEP. 2024

ELLEN ZUCKERMANCHAIR

OSWALDO ACOSTATREASURER

NANCY OWENSVICE CHAIR

JACOB PARKDIRECTOR

DIANNE DILLON-RIDGLEYDIRECTOR

NICK RICHARDSONDIRECTOR

DALE BRYKDIRECTOR

CEDERICK ANTHONY PICKETTSECRETARY

VINCENT VALDESDIRECTOR

BRANDI COLANDERDIRECTOR THROUGH SEP. 2024

JANET BESSERDIRECTOR

MERRIAN BORGESONDIRECTOR

About this charity

Recognized since: January 1988
Location: 20 WINOOSKI FALLSWAY 5TH, WINOOSKI, VT 05404-0000
County: Chittenden
In care of: KATHERINE MEYERS
Primary officer: KATHERINE MEYERS, CFO

How to reach them

WebsiteVisit the charity’s website Phone(800) 639-6069

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: GALLAGHER FLYNN & COMPANY LLP
NTEE classification: Environment (C350)
Grant-giving organization: Yes