Vermont Low Income Trust For Electricity Inc

Organization Overview

Vermont Low Income Trust For Electricity Inc is located in Montpelier, VT. The organization was established in 2014. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vermont Low Income Trust For Electricity Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.

For the year ending 12/2021, Vermont Low Income Trust For Electricity Inc generated $1.0m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of 0.0% each year. All expenses for the organization totaled $1.4m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Since 2014, Vermont Low Income Trust For Electricity Inc has awarded 70 individual grants totaling $8,161,437. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

ADVANCEMENT OF THE PUBLIC GOOD THOUGH FUNDING ENERGY PROJECTS AND INITIATIVES THAT SERVE LOW INCOME VERMONTERS AND FURTHER ENERGY POLICIES CONSISTENT WITH VERMONT'S COMPREHENSIVE ENERGY PLAN.

Describe the Organization's Program Activity:

Part 3 - Line 4a

EFFICIENCY PROGRAMSEFFICIENCY AND OTHER PROGRAMS TO ENERGY COSTS FOR LOW AND MODERATE INCOME VERMONTERS. VLITE PROVIDED FUNDING FOR PROGRAMS THROUGH VERMONT COUNCIL ON RURAL DEVELOPMENT, ENERGY FUTURES GROUP AND CAPSTONE COMMUNITY ACTION


COMPREHENSIVE ENERGY PLAN: VLITE PROVIDED FUNDING FOR PROGRAMMING THROUGH ENERGY ACTION NETWORK.


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Board, Officers & Key Employees

Name (title)Compensation
Hal Cohen
Secretary
$1,390
Tony Klein
Director
$647
Richard Marron
President
$629
Richard Rubin
Vice President
$600
Annie Noonan
Treasurer
$0
Sarah Hofmann
Treasurer
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$0
Investment income $1,034,699
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,034,699

Grants Awarded

Over the last fiscal year, Vermont Low Income Trust For Electricity Inc has awarded $1,362,453 in support to 13 organizations.

Grant RecipientAmount

VT DEPT BUILDINGS

PURPOSE: VT Comprehensive Energy plan

$300,000

VT ADULT LEARNING

Org PageRecipient Profile

Waitsfield, VT

PURPOSE: VT Comprehensive Energy plan

$150,000

OFFICE OF ECONOMIC OPPORTUNIT

PURPOSE: Efficiency prog for low income VT

$125,000

NEIGHBORWORKS OF WESTERN VT

Org PageRecipient Profile

West Rutland, VT

PURPOSE: Energy efficiency low income VT

$125,000

Barre, VT

PURPOSE: VT Comprehensive Energy plan

$115,578

Barre, VT

PURPOSE: Energy efficiency low income VT

$100,000
View Grant Profile

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