Vineyard Power Cooperative Inc
- Assets
- $6.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 6
- Location
- Vineyard Haven, MA
- Founding
- 08/2012
- Data as of
- 12/2020
- EIN
- 27-1437013
Organization Overview
Vineyard Power Cooperative Inc is located in Vineyard Haven, MA. The organization was established in 2012. According to its NTEE Classification (Y22) the organization is classified as: Local Benevolent Life Insurance Associations, under the broad grouping of Mutual & Membership Benefit and related organizations. As of 12/2020, Vineyard Power Cooperative Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vineyard Power Cooperative Inc is a 501(c)(12) and as such, is described as a "Benevolent Life Insurance Association, Mutual Ditch or Irrigation Company, Mutual or Cooperative Telephone Company" by the IRS.
For the year ending 12/2020, Vineyard Power Cooperative Inc generated $138.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (63.4%) each year. All expenses for the organization totaled $486.0 during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3
THE TAXPAYER IS INVOLVED IN A WIND PROJECT IN MARTHA'S VINEYARD TO BRING WIND POWER TO THE AREA. IN ADDITION, THE TAXPAYER'S OTHER ENERGY RELATED EFFORTS INCLUDE BRINGING ALTERNATIVE ENERGY SOURCES TO MARTHA'S VINEYARD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Andre President | 15 | $0 | |
Mike Jacobs Chairman | 1 | $0 | |
Tom Soldini Treasurer | 1 | $0 | |
William Lake Secretary | 1 | $0 | |
Ann Berwick Director | 1 | $0 | |
Ron Dagostino Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $97 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $41 |
| Total Revenue | $138 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $486 |
| Total expenses | $486 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $2,689 |
| Other assets | $0 |
| Total assets | $6,489 |
| Total liabilities | $151,386 |
| Net assets or fund balances | -$144,897 |
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|---|---|---|
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Tamworth Wireless Tamworth, NH | $0 | $0 |
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Insurance Club Of Buffalo Inc Clarence, NY | $443,289 | $46 |
Vineyard Power Cooperative Inc Vineyard Haven, MA | $6,489 | $0 |
Sippican Community Solar Garden Cooperative East Falmouth, MA | $19,069 | $0 |