2024-05-14T10:48:31-05:00 2023-12-31 010523282 Berry Dunn McNeil & Parker LLC 2211 Congress St Portland ME 04102 990 2023-01-01 872762989 Vineyard Power Development Fund Inc VINE 5086933002 151 Beach Road Unit 1A Vineyard Haven MA 02568 Richard Andre President 5086933002 2024-05-13 1 Richard Andre XXX-XX-XXXX 1 Barbara J McGuan CPA P00219457 2077752387 2024-05-13 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z Richard Andre 151 Beach Road Unit 1A Vineyard Haven MA 02568 837821 0 X www.vineyardpower.com X 2021 MA Fosters local, renewable energy resources and energy efficiencies within the community. 5 4 8 5 0 0 0 380768 0 456106 0 922 0 25 0 837821 0 191634 0 0 0 389641 0 0 0 0 103312 0 684587 0 153234 104358 232081 138321 112810 -33963 119271 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 576065 191634 456106 Established 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 hired an Energy Transition Coordinator under this programmatic effort to support community outreach, engagement, education, technology, and partnership development. VPDF also established a network of Energy Coaches to support island residents in the transition to a renewable energy future through in-kind one-on-one educational consultations, and developed a new website that serves as a resource for residents and business to engage in the energy transition. Finally, VPDF applied successfully to become a Community First Partner (CFP) with Mass Save. VPDF, in its role as a CFP, anticipates that it will increase overall participation in Mass Save Energy Efficiency programs by increasing island-based capacity to perform Home Energy Assessments from 600 assessments/year to an estimated 1000+ assessments/year and increasing island-based capacity to conduct weatherization and HVAC work by recruiting local contractors. Successfully Assumed Responsibilities Under Community Benefits Agreements with Vineyard Wind and Park City Wind VPDF was assigned the responsibilities outlined in Community Benefits Agreements with Vineyard Wind 1 LLC and Park City Wind LLC to conduct education, outreach, and communication in support of offshore wind development in two offshore wind areas, under the conditions that the benefits of such projects remain in the island community. VPDF anticipates that our charitable work under the Community Benefits Agreements will result in over 50 year-round jobs in renewables to the island, secure approximately $50 million in infrastructure investments, and garner an estimated $22 million in direct investments for the island community to advance renewable energy development & education, resiliency technology, and equity initiatives on the island. Received Approval for Resiliency and Affordability Project Plans 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. VPDF received approval for its Project Plans, which featured an effective and efficient mechanism to donate funds to income eligible ratepayers on Martha's Vineyard and outlined VPDF's approach to donate monies to towns for resiliency projects. 576065 1 1 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 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 4 0 1 8 1 0 0 0 0 0 0 0 0 0 0 0 0 X 5 4 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 Ron Dagostino Past Director 0.50 0.00 X 0 0 0 Richard Andre President 24.00 0.00 X X 131106 0 11552 131106 0 11552 1 0 0 0 0 380768 380768 Program Services 900099 456106 456106 456106 922 922 Credit Card Rewards 900099 25 25 25 837821 456106 0 947 191634 191634 142658 121259 21399 201178 156572 44606 2823 2362 461 13265 9279 3986 29717 23763 5954 28716 28716 3400 3400 22037 22037 5165 5165 5686 5686 18234 18234 3331 3331 9491 9491 Memberships & Subscript 6147 6147 Miscellaneous Expense 1105 1105 684587 576065 108522 0 94358 110492 100922 10000 20667 104358 232081 111989 138321 821 138321 112810 X -33963 119271 -33963 119271 104358 232081 153234 0 X 0 0 0 X 96036 2730 380768 479534 70000 456106 526106 96036 72730 836874 1005640 0 0 0 1005640 922 922 922 922 25 25 96036 72730 837821 1006587 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 Due to Island Wind Inc. 821 821 1 Cape Light Compact 261 Whites Path Unit 4 South Yarmouth MA 02664 821239437 190000 0 Resilience and Affordability Program - To assist low-income ratepayers reduce energy costs. 0 1 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