2025-05-13T13:15:55-05:00 2024-12-31 010523282 Berry Dunn McNeil & Parker LLC 2211 Congress St Portland ME 04102 990 2024-01-01 872762989 Vineyard Power Development Fund Inc VINE 5086933002 151 Beach Road Unit 1A Vineyard Haven MA 02568 Richard Andre President 5086933002 2025-05-12 1 1 Barbara J McGuan CPA P00219457 2077752387 2025-05-12 2024 2025-03-06 01:10:19Z Richard Andre 151 Beach Road Unit 1A Vineyard Haven MA 02568 955784 0 X www.vineyardpower.com X 2021 MA Fosters local, renewable energy resources and energy efficiencies within the community. 6 5 11 16 0 0 380768 424412 456106 523919 922 7453 25 0 837821 955784 191634 194402 0 0 389641 621038 0 0 0 103312 136243 684587 951683 153234 4101 232081 146744 112810 23372 119271 123372 X We are located on Martha's Vineyard and our mission is to foster the production of electricity from local, renewable resources while enhancing resiliency at our community's critical facilities and ensuring equitable access for all residents and businesses. Our vision for the island is to be 100% renewable in electricity, transportation, and heating by 2040. 0 0 831610 194402 523919 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. 831610 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 6 0 1 11 1 0 0 0 0 0 0 0 0 0 0 0 0 X 6 5 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MA X Rob Hannemann 5086933002 151 Beach Road Unit 1A Vineyard Haven MA 02568 Michael Jacobs Chairman 0.50 0.00 X X 0 0 0 Rob Hannemann Treasurer 0.50 0.00 X X 0 0 0 William Lake Clerk 0.50 0.00 X X 0 0 0 Ann Berwick Director 0.50 0.00 X 0 0 0 Jeff Parker Director 0.50 0.00 X 0 0 0 Richard Andre President 27.00 0.00 X X 138038 0 10257 Luke Lefeber Controller & Renewable Dev. Manager 40.00 0.00 X 138193 0 6817 276231 0 17074 2 0 0 0 0 424412 424412 Program Services 900099 523919 523919 523919 7453 7453 955784 523919 0 7453 194402 194402 148295 126051 22244 375664 327875 47789 8227 6964 1263 46257 29205 17052 42595 37355 5240 21485 21485 5000 5000 41029 41029 4827 4827 4466 4466 40670 40670 6654 6654 Memberships & Subscript 7491 7491 Miscellaneous Expense 4621 4621 951683 831610 120073 0 110492 72394 100922 0 20667 29578 44772 232081 146744 111989 23372 821 0 112810 23372 X 119271 123372 119271 123372 232081 146744 4101 0 X 0 0 0 X 96036 2730 380768 424412 903946 70000 456106 523919 1050025 96036 72730 836874 948331 1953971 0 0 0 1953971 922 7453 8375 922 7453 8375 25 25 96036 72730 837821 955784 1962371 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 Cape Light Compact JPE 261 Whites Path Unit 4 South Yarmouth MA 02664 821239437 153753 0 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 459 State Road Unit 20 Vineyard Haven MA 02568 020549245 40000 0 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. 0 2 Part I, Line 2: For all grants made by the organization, corresponding agreements are entered between the organization and the grantee which define the purpose of the grant and establish reporting requirements for use of funds. Grantees are held accountable to reporting requirements stipulated within corresponding agreements. Reports generated by grantees are reviewed and approved by staff. Remediation shall be sought by the organization if reports regarding use of funds are insufficient and cannot be reconciled. Form 990, Part VI, Section B, line 11b Office Administrator works closely with BerryDunn to provide information for initial draft of Form 990. Draft is shared with Controller for review. Upon review, Controller shares Form 990 with President for final review and approval. Form 990, Part VI, Section B, line 12c The organization's Conflict of Interest policy was adopted as of September 1, 2021, and is reviewed annually, in accordance with the board calendar, by the Board of Directors. Each individual Director executes the policy upon appointment to the board and is required to annually update the accompanying conflict of interest disclosure form. Compliance with the Conflict of Interest policy is monitored regularly by the Board as and when circumstances arise. Form 990, Part VI, Section B, line 15a The process for determining the compensation for the President rests within the Compensation and Nomination Committee, which is composed of members of the Board of Directors. The process includes a review of the President's performance, the use of independent benchmarks, outside counsel, contemporaneous reporting to the full Board of Directors, and the drafting of an employment contract. The authority to approve, amend, or deny the recommendations from the Compensation & Nomination Committee regarding compensation of the President solely rests with the uninterested Board of Directors. The current employment contract was approved by the Board of Directors and executed by the President and the Treasurer. Form 990, Part VI, Section C, line 19 The Organization makes its governing documents available to the public upon request. Vineyard Power Cooperative 151 Beach Road Unit 1a Vineyard Haven MA 02568 271437013 Renewable Energy MA 501(c)(12) N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0