Vermont · Nonprofit
VERMONT ENERGY INVESTMENT CORPORATION
VERMONT ENERGY INVESTMENT CORPORATION (Vermont) receives grants from 9 organizations whose IRS filings report $1,228,334 to it, the largest being New Hampshire Charitable Foundation ($537,123). 5 of them have funded it in more than one year.
- Revenue FY2024
- $131M
- Funders on record
- 9
- Grants received
- $1.2M
- Net assets
- $29M
What Vermont Energy Investment Corporation does
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).
As stated on its FY2024 Form 990.
Programs
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.
$68,575,392 spent$71,176,014 earned by the program55% of program spendingThe 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.
$32,617,626 spent$33,925,882 earned by the program26% of program spendingEfficiency 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.
$3,029,552 spent$3,268,400 earned by the program2% of program spendingVeic 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.
$20,275,300 spentof which $8,524,334 as grants$12,292,447 earned by the program16% of program spending
The 4 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $124,497,870.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2019 to 2020, from $27M to $42M (+57%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2020 13% · 2021 1% · 2022 1% · 2023 6% · 2024 7%. Grants only. Government contracts and fees sit inside program revenue.
7% of VERMONT ENERGY INVESTMENT CORPORATION’s revenue is contributions — more earned-revenue than three-quarters of its peers (90% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 1 of the last 8 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
Rebecca Foster
Chief executive officer
Board chair
Ellen Zuckerman
Chair
As listed on its FY2024 Form 990.
Who funds it, year by year
2017 → 2023: the base broadened from 2 funders to 3 funders, grant income fell $252k → $124k.
2 of 9 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 47% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of VERMONT ENERGY INVESTMENT CORPORATION’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
VERMONT ENERGY INVESTMENT CORPORATION leans on a few funders — its largest provides 44% of grant income and the top three 68%; half comes from just 2 funders.
the vertical line marks half of all grant income — 2 funders to its left
84% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund VERMONT ENERGY INVESTMENT CORPORATION.
Largest funder’s share by year: 2017 80% · 2018 43% · 2019 65% · 2020 66% · 2021 41% · 2022 100% · 2023 77% — diversifying over time.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How long its funders stay
20% of VERMONT ENERGY INVESTMENT CORPORATION's funders are still giving 3 years after their first grant; 56% give in more than one year at all.
Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.
Where its funders are
VERMONT ENERGY INVESTMENT CORPORATION draws 98% of its grant income from funders outside Vermont, across 6 states in all.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $572k arriving through sponsors registered in 2 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
VERMONT ENERGY INVESTMENT CORPORATION's revenue grew 37% between 2017 and 2024.
this organization peer median middle 50% of peers· 25 environment nonprofits over $100M, FY2024
Government funding VERMONT ENERGY INVESTMENT CORPORATION receives
Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $124.7M on record — $5.8M federal, $118.8M state.
- Department of Energy$5.8M
- VT$93.7M
- CT$23.1M
- MA$1.9M
- DE$120k
Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.
Organizations like VERMONT ENERGY INVESTMENT CORPORATION
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Vermont
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
95% of spending goes to programs.
Governance
Public support
94%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Part of a family of 2 related entities
- Commons Energy L3c · disregarded
- Sun Shares LLC · corp_trust
Screen this organization
A dated, signed PDF of the compliance screen for VERMONT ENERGY INVESTMENT CORPORATION: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds VERMONT ENERGY INVESTMENT CORPORATION?
- VERMONT ENERGY INVESTMENT CORPORATION (Vermont) receives grants from 9 organizations whose IRS filings report $1,228,334 to it, the largest being New Hampshire Charitable Foundation ($537,123). 5 of them have funded it in more than one year.
- How many funders does VERMONT ENERGY INVESTMENT CORPORATION have?
- IRS filings report 9 organizations giving $1,228,334 in grants to VERMONT ENERGY INVESTMENT CORPORATION, 5 of which have funded it in more than one year.
- Who is the largest funder of VERMONT ENERGY INVESTMENT CORPORATION?
- New Hampshire Charitable Foundation is the largest funder on record, with $537,123 in grants. The full list of funders is on this page.
- How can an organization like VERMONT ENERGY INVESTMENT CORPORATION find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Vermont. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 9 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing