2018-11-09T13:15:41-06:00 2017-12-31 521446779 JOHNSON LAMBERT LLP 4242 SIX FORKS RD SUITE 1500 RALEIGH NC 27609 990 2017-01-01 030304418 VERMONT ENERGY INVESTMENT CORPORATION VERM 8006396069 128 LAKESIDE AVENUE NO 401 BURLINGTON VT 054014894 SCOTT COMEAU CFO 8006396069 2018-11-09 1 JOHN HUSKINS P01081531 9197196400 2018-11-09 66.77.128.118 2018-11-09 14:15:11 ES P B582B7A592289509DF3316763E624FD194D3A0C1 864A7BF621746F4ED5D3A0306E0732A43905445D 2017 2019-02-21 02:37:17Z SCOTT COMEAU 128 LAKESIDE AVENUE NO 401 BURLINGTON VT 054014894 95648100 0 X WWW.VEIC.ORG X 1986 VT VEIC'S MISSION IS TO REDUCE THE COSTS, BOTH ECONOMIC AND ENVIRONMENTAL, OF ENERGY USE. 7 7 373 2 0 0 0 0 87506014 95606270 13365 26547 37666 15283 87557045 95648100 0 0 0 0 34032518 33594690 0 0 0 53683210 59124678 87715728 92719368 -158683 2928732 25030404 23577182 17213991 12832037 7816413 10745145 X VERMONT ENERGY INVESTMENT CORPORATION'S (VEIC) MISSION IS TO ACT WITH URGENCY TO ENHANCE THE ECONOMIC, ENVIRONMENTAL, AND SOCIETAL BENEFITS OF CLEAN AND EFFICIENT ENERGY USE FOR ALL PEOPLE. VEIC PURSUES THEIR MISSION THROUGH PLANNING, IMPLMENTATION, AND FINANCING OF ENERGY PROGRAMS AND PROJECTS, AND BY ADVOCATING FOR PUBLIC POLICIES. 0 0 69736202 87384045 ENERGY EFFICIENCY UTILITIES: VEIC OPERATES ENERGY EFFICIENCY UTILITIES (EEUS) IN VERMONT (EFFICIENCY VERMONT), THE DISTRICT OF COLUMBIA (DC SEU), AND OHIO (EFFICIENCY SMART). THE EFFICIENCY VERMONT PROGRAM PROVIDES ENERGY EFFICIENCY SERVICES TO HOMES AND BUSINESSES IN VERMONT TO HELP VERMONTERS SAVE MONEY AND HELP REDUCE CARBON DIOXIDE EMISSIONS. THE DC SEU PROGRAM OFFERS INTEGRATED PERFORMANCE-BASED IMPLEMENTATION SERVICES, BASED ON VEIC'S INDUSTRY-LEADING PROGRAMS. EFFICIENCY SMART IS AN ENERGY EFFICIENCY PROGRAM THAT ASSISTS INDIVIDUALS AND BUSINESSES IN LOWERING THEIR POWER BILLS BY PROVIDING TECHNICAL ASSISTANCE AND FINANCIAL INCENTIVES FOR EQUIPMENT AND SYSTEMS THAT IMPROVE ELECTRICAL EFFICIENCY. 5259216 7628362 GENERAL CONSULTING AND OTHER ENERGY EFFICIENCY IMPLEMENTATION PROGRAMS: VEIC PROVIDES NATIONAL AND INTERNATIONAL CONSULTING SERVICES TO CONSUMER AND ENVIRONMENTAL ORGANIZATIONS, ELECTRIC AND GAS UTILITIES, AND OTHER CLIENTS, FOR ENERGY EFFICIENCY AND RENEWABLE ENERGY ACTIVITIES. 612705 593863 COMMONS ENERGY, L3C (COMMONS): THE OBJECT AND PURPOSE IS TO PROVIDE ENERGY IMPROVEMENT SERVICES TO UNDERSERVED BUILDINGS SERVING A PUBLIC PURPOSE. COMMONS PROVIDES ENERGY EFFICIENCY IMPLEMENTATION SERVICES AS A PUBLIC PURPOSE ENERGY SERVICE COMPANY TO PRIVATE ORGANIZATIONS, PUBLIC MUNICIPALITIES, SCHOOL SYSTEMS, HOSPITALS AND LOW-INCOME HOUSING UNITS IN ORDER TO MEET THE NEEDS OF RESIDENTS, BUSINESSES AND AGENCIES INTERESTED IN PURSUING ENERGY EFFICIENCY INITIATIVES. THESE SERVICES INCLUDE ENERGY AUDITS, DIAGNOSTIC ASSESSMENTS AND FINANCING ASSISTANCE. 75608123 1 0 0 1 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 1124 0 1 373 1 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X SCOTT COMEAU 8026586060 128 LAKESIDE AVENUE SUITE 401 BURLINGTON VT 05401 MICHAEL DWORKIN DIRECTOR 1.00 X 2000 0 0 JOHN GILROY DIRECTOR 1.00 X 2000 0 0 MEG POWER DIRECTOR 1.00 X 2000 0 0 GUS SEELIG DIRECTOR FROM 10/2017 1.00 X 0 0 0 TIFFANY BLUEMLE DIRECTOR THRU 10/2017 1.00 X 0 0 0 CHARLES STONE PRESIDENT 1.00 X X 2000 0 0 RICHARD COWART VICE PRESIDENT 1.00 X X 2000 0 0 SUE COAKLEY TREASURER 1.00 X X 2000 0 0 BETH SACHS SECRETARY 30.00 X 80339 0 10018 JIM MADEJ EXECUTIVE DIRECTOR FROM 9/2017 37.50 X 112977 0 3732 DONALD JOHNSTONE EXECUTIVE DIRECTOR THRU 6/2017 37.50 X 166025 0 15187 SCOTT COMEAU CHIEF FINANCIAL OFFICER 37.50 X 173818 0 12294 THEODORE TRABUE DIRECTOR DC SEU 37.50 X 159578 0 26419 BARRY HULCE DIRECTOR EVT OPERATIONS 37.50 X 158580 0 10146 MARCUS WALKER DIRECTOR DC SEU OPERATIONS 37.50 X 150314 0 26112 ERIKA SCHRAMM DIRECTOR, HUMAN RESOURCES 37.50 X 159319 0 10918 EVERETT WOODEL DIRECTOR, MIDWEST REGION 37.50 X 147618 0 8293 REBECCA FOSTER DIRECTOR, CONSULTING 37.50 X 145575 0 25586 KAREN GLITMAN DIRECTOR, EFFICIENCY VERMONT 37.50 X 145166 0 23693 ANMOL VANAMALI DIRECTOR, FINANCING STRATEGIES 37.50 X 144849 0 6460 1756158 0 178858 59 0 1 0 CAPSTONE COMMUNITY ACTION INC 20 GABLE PLACE BARRE VT 05641 ENERGY EFFICIENCY CONSULTANT 1311203 ORACLE AMERICA INC PO BOX 44471 SAN FRANCISCO CA 94144 SOFTWARE AS A SERVICE 1138000 OPTIMAL ENERGY INC 10600 ROUTE 116 SUITE 3 HINESBURG VT 05461 RESEARCH CONSULTING 462512 TECHNIART INC 41 BRIDGE STREET COLLINSVILLE CT 06457 ENERGY EFFICIENCY CONSULTANT 353435 PEER CONSULTANTS PC 409 12TH ST SW SUITE 603 WASHINGTON DC 20024 TEMPORARY STAFFING 316378 25 ENERGY EFFICENCY UTILITIES 561000 87384045 87384045 ENERGY SERVICES: CONSULTING 541700 4939136 4939136 PERFORMANCE INCENTIVE AWARDS 541700 2689226 2689226 COMMONS ENERGY L3C 541700 593863 593863 95606270 26547 26547 MISCELLANEOUS REVENUE 900099 15283 15283 15283 95648100 95606270 0 41830 1117539 732446 385093 26011412 18795756 7215656 1280222 1280222 2973807 2973807 2211710 2211710 65380 65380 115675 115675 60000 60000 7216683 6597216 619467 928797 928797 1097808 855141 242667 80832 69705 11127 2209404 1908653 300751 884570 676733 207837 552716 482930 69786 90730 88000 2730 574980 147181 427799 239152 239152 INCENTIVE PAYMENTS 43093015 43093015 EQUIPMENT AND SOFTWARE 1162777 715402 447375 OTHER EXPENSES 613324 486077 127247 MANTENANCE AND REPAIRS 138835 31071 107764 92719368 75608123 17111245 0 702327 1614303 1777186 877717 16691301 12398479 96109 1509862 21152 69027 803838 714512 7287113 6417972 1038818 869141 5315 5315 3894358 5518826 25030404 23577182 13978551 9356613 276793 193364 2958647 3282060 17213991 12832037 X 7816413 10745145 7816413 10745145 25030404 23577182 2928732 0 X 0 1 X 1 1 1 X 75494925 86797423 85836624 87506014 95606270 431241256 75494925 86797423 85836624 87506014 95606270 431241256 0 11658050 11658050 11658050 11658050 419583206 996 3988 13365 26547 44896 996 3988 13365 26547 44896 37666 15283 52949 75495921 86797423 85840612 87557045 95648100 431339101 0.97270 0.93190 0.00010 0.00010 X 0 1 0 0 0 0 1 70855 0 0 70855 0 PART II-B, LINE 1: VEIC'S PRIMARY LOBBYING ACTIVITIES WERE RELATED TO STATE GOVERNMENT ACTIVITIES IN VERMONT. VEIC HAS TWO EMPLOYEES (KELLY LUCCI AND ELIZABETH GAMACHE) WHO ARE REGISTERED LOBBYISTS WITH THE VERMONT SECRETARY OF STATE'S OFFICE. GEORGE TWIGG, AN EMPLOYEE WHO WAS PREVIOUSLY REGISTERED AS A LOBBYIST IN VERMONT, LEFT VEIC IN FEBRUARY OF 2016. NONE OF THESE EMPLOYEES SPEND A MAJORITY OF THEIR TIME ON LOBBYING. VEIC ALSO EMPLOYS A CONTRACT LOBBYIST WITHIN VERMONT (THE NECRASON GROUP) FOR ASSISTANCE AND SUPPORT ON LEGISLATIVE AND EXECUTIVE BRANCH RELATIONS. VEIC OCCASIONALLY INTERACTS WITH THE FEDERAL GOVERNMENT ON ISSUES AND LEGISLATION OF INTEREST TO THE ORGANIZATION. THIS PRIMARILY COMES THROUGH CONTACTS WITH THE VERMONT CONGRESSIONAL DELEGATION AND THEIR STAFF, AND WITH FEDERAL AGENCY OFFICIALS (MOSTLY AT THE U.S. DEPARTMENT OF ENERGY, BUT PERIODICALLY ALSO WITH STAFF AT THE COUNCIL ON ENVIRONMENTAL QUALITY, THE USDA, AND OTHER AGENCIES WITH PERIPHERAL ENERGY-RELATED INTERESTS). 2203884 1970043 233841 1476219 1474186 2033 3607010 2973743 633267 869141 ACCRUED EEU PERFORMANCE INCENTIVES 5518826 5518826 CAPITAL LEASE AND LOAN OBLIGATIONS 3282060 3282060 X PART X, LINE 2: THE COMPANIES FOLLOW THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES STANDARD WHICH REQUIRES THE REPORTING OF UNCERTAIN TAX POSITIONS, RELATED INTEREST AND PENALTIES, AND TO RECORD LIABILITIES RELATED TO UNCERTAIN TAX POSITIONS AND ACCRUED INTEREST AND PENALTIES ACCORDINGLY. AS OF DECEMBER 31, 2017 AND 2016, MANAGEMENT DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS TO REPORT. EUROPE 0 1 PROGRAM SERVICES ENERGY ANALYST 117723 NORTH AMERICA 0 0 PROGRAM SERVICE CONSULTING 1038 0 1 0 0 0 1 118761 0 118761 0 0 0 0 0 0 X 0 0 X X 1 0 0 0 0 0 0 0 0 DONALD JOHNSTONE EXECUTIVE DIRECTOR THRU 6/2017 91929 0 0 0 74096 0 7399 0 7788 0 181212 0 0 0 SCOTT COMEAU CHIEF FINANCIAL OFFICER 168218 0 0 0 5600 0 10138 0 2156 0 186112 0 0 0 THEODORE TRABUE DIRECTOR DC SEU 158493 0 0 0 1085 0 10138 0 16281 0 185997 0 0 0 BARRY HULCE DIRECTOR EVT OPERATIONS 153606 0 0 0 4974 0 9216 0 930 0 168726 0 0 0 MARCUS WALKER DIRECTOR DC SEU OPERATIONS 150254 0 0 0 60 0 9831 0 16281 0 176426 0 0 0 ERIKA SCHRAMM DIRECTOR, HUMAN RESOURCES 131521 0 0 0 27798 0 9428 0 1490 0 170237 0 0 0 EVERETT WOODEL DIRECTOR, MIDWEST REGION 147140 0 0 0 478 0 0 0 8293 0 155911 0 0 0 REBECCA FOSTER DIRECTOR, CONSULTING 144374 0 0 0 1201 0 9329 0 16257 0 171161 0 0 0 KAREN GLITMAN DIRECTOR, EFFICIENCY VERMONT 143737 0 0 0 1429 0 9297 0 14396 0 168859 0 0 0 ANMOL VANAMALI DIRECTOR, FINANCING STRATEGIES 138245 0 0 0 6604 0 5530 0 930 0 151309 0 0 0 PART I, LINE 1A JIM MADEJ RECEIVED A TAXABLE HOUSING ALLOWANCE TOTALING $53,060 DURING 2017. PART I, LINE 4A DONALD JOHNSTONE RECEIVED SEVERANCE TOTALING $45,869 DURING 2017. FORM 990, PART VI, SECTION A, LINE 4 THE ORGANIZATION AMENDED THE BYLAWS IN DECEMBER 2017 TO BETTER DEFINE THE ELIGIBILITY OF CANDIDATES FOR SPECIFIC OFFICER ROLES AS WELL AS TO CLARIFY THE ACCEPTANCE OF ELECTRONIC DOCUMENTATION RELATED TO ACTIONS BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S GOVERNING BODY REVIEWS THE FORM 990 PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C VEIC REQUIRES AN ANNUAL SIGN OFF FROM DIRECTORS DISCLOSING INTERESTS THAT COULD GIVE RISE TO CONFLICT OF INTEREST. THE CONFLICT OF INTEREST STATEMENTS ARE SUBMITTED FOR REVIEW TO VEIC. AS SOON AS A POTENTIAL CONFLICT OF INTEREST EXISTS, A BOARD MEMBER MUST FULLY DISCLOSE THE NATURE OF THE INTEREST AND WITHDRAW FROM VOTING ON THE MATTER. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS DETERMINED THE EXECUTIVE DIRECTOR'S SALARY, THE BOARD WAS ADVISED BY THE CONSULTANT/SEARCH FIRM (ISAACSON MILLER) WHO HELPED THEM HIRE THIS POSITION. THEY ALSO CONSIDERED EXECUTIVE SALARIES FOR OTHER VERMONT NON-PROFIT AND GOVERNMENT INSTITUTIONS. THE EXECUTIVE DIRECTOR'S COMPENSATION WAS LAST REVIEWED IN JUNE 2018. THE EXECUTIVE DIRECTOR MAKES DECISIONS REGARDING ALL KEY EMPLOYEE COMPENSATION (EXCLUDING EXECUTIVE DIRECTOR COMPENSATION WHICH IS DETERMINED BY THE BOARD). FORM 990, PART VI, SECTION C, LINE 19 VEIC PROVIDES THESE DOCUMENTS TO ANY MEMBER OF THE PUBLIC UPON REQUEST. COMMONS ENERGY L3C 128 LAKESIDE AVE SUITE 401 BURLINGTON VT 05401 464740743 PROVIDE ENERGY IMPROVEMENT SERVICES TO UNDERSERVED PUBLIC BUILDINGS VT 621298 3084087 VERMONT ENERGY INVESTMENT CORPORATION SUN SHARES LLC 128 LAKESIDE AVE SUITE 401 BURLINGTON VT 05401 474405649 ELECTRIC POWER VT VEIC C -41573 33758 1.00000 0 SUSTAINABILITY BENEFITS CORPORATION 128 LAKESIDE AVE SUITE 401 BURLINGTON VT 05401 822108246 SOFTWARE DEVELOPMENT VT VEIC C 2418 13718 1.00000 0 0 0 0 1 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 SUN SHARES LLC D 70000 CASH VALUE