Nonprofit · EIN 45-5403701
VERMONT LOW INCOME TRUST FOR ELECTRICITY INC
Tax-exempt · MONTPELIER, VT 05601
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $1,062,437 | $1,274,602 | -$212,165 | $10,080,425 | $547,017 | $9,533,408 |
| December 31, 2024 | 990 | $1,070,483 | $1,168,325 | -$97,842 | $10,567,949 | $822,376 | $9,745,573 |
| December 31, 2023 | 990 | $1,051,940 | $768,383 | $283,557 | $10,462,749 | $632,365 | $9,830,384 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $1,062,437
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $1,176,381
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $74,310
- Accounting fees
- $6,705
- Travel
- $386
- Program services (functional)
- $1,176,381
- Management and general (functional)
- $98,221
Balance sheet and other
- Total assets, start of year
- $10,567,949
- Total assets, end of year
- $10,080,425
- Total liabilities, end of year
- $547,017
- Net assets, end of year
- $9,533,408
- Gross receipts
- $1,062,437
- Employees
- 0
- Volunteers
- 7
- Year formed
- 2011
- State of legal domicile
- VT
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ANTHONY KLEIN | PRESIDENT Trustee or director, Officer | 2 | $0 |
| PETER WALKE | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| SARAH HOFMANN | TREASURER Trustee or director, Officer | 2 | $0 |
| LARRY LACKEY | SECRETARY Trustee or director, Officer | 1 | $0 |
| PAUL DRAGON | DIRECTOR Trustee or director | 1 | $0 |
| JEAN HAMILTON | DIRECTOR Trustee or director | 1 | $0 |
| AMY SHOLLENBERGER | DIRECTOR Trustee or director | 1 | $0 |
| GABRIELLE MALINA | EXECUTIVE DIR. Officer | 1 | $0 |
990 for the year ended December 31, 2024: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ANTHONY KLEIN | PRESIDENT Trustee or director, Officer | 2 | $0 |
| PETER WALKE | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| SARAH HOFMANN | TREASURER Trustee or director, Officer | 2 | $0 |
| LARRY LACKEY | SECRETARY Trustee or director, Officer | 1 | $0 |
| PAUL DRAGON | DIRECTOR Trustee or director | 1 | $0 |
| JEAN HAMILTON | DIRECTOR Trustee or director | 1 | $0 |
| AMY SHOLLENBERGER | DIRECTOR Trustee or director | 1 | $0 |
| GABRIELLE MALINA | EXECUTIVE DIR. Officer | 1 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Sarah Hofmann | Treasurer Trustee or director, Officer | 1 | $1,400 |
| Anthony Klein | President Trustee or director, Officer | 4 | $1,400 |
| Richard Rubin | Vice President Trustee or director, Officer | 3 | $1,000 |
| Hal Cohen | Secretary Trustee or director, Officer | 3 | $1,000 |
| Larry Lackey | Director Trustee or director | 1 | $1,000 |
| Peter Walke | Director Trustee or director | 1 | $600 |
| Amy Shollenberger | Director Trustee or director | 1 | $600 |
| Gabrielle Malina | Executive Dir. Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 1072, MONTPELIER, VT 05601-1072
- In care of
- % HAL COHEN CVCAC
- Principal officer (990 for 2025)
- GABRIELLE MALINA, 52 STATE ST/ PO BOX 1072, MONTPELIER, VT 056011072
- Signed the 990
- GABRIELLE MALINA, EXECUTIVE DIR.
- Phone
- (802) 793-4330
- Website
- WWW.VLITE.ORG
- Return prepared by
- MCSOLEY MCCOY & CO
Mission
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.
Program accomplishments
- EFFICIENCY/ LOW INCOME PROGRAMSVLITE PROVIDED FUNDING FOR PROGRAMS THROUGH COMMUNITY RIDES VERMONT, RUTLAND WEST NEIGHBORHOOD HOUSING SERVICES, RESOURCE, LAMOILLE HOUSING PARTNERSHIP, RIVERFLOW COMMUNITY. AND HEARTBEET LIFESHARING CORP.Expenses $978,500 · grants $978,500
- COMPREHENSIVE ENERGY PLANVLITE PROVIDED FUNDING THROUGH CLIMATE ECONOMY ACTION CENTER OF ADDISON COUNTY, VERMONT COUNCIL ON RURAL DEVELOPMENT, AND TOWN OF FAIR HAVEN, VT.Expenses $197,881 · grants $197,881
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 45-5403701
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 2014
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S20)
- Assets (IRS master file)
- $10,080,425
- Income (IRS master file)
- $1,062,437
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $1,062,437 | $1,274,602 | $10,080,425 | IRS |
| 990 | December 2024 | $1,070,483 | $1,168,325 | $10,567,949 | XML |
| 990 | December 2023 | $1,051,940 | $768,383 | $10,462,749 | XML |
| 990 | December 2022 | $1,034,669 | $1,531,710 | $10,644,565 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 45-5403701).
Questions about VERMONT LOW INCOME TRUST FOR ELECTRICITY INC
- What is the EIN of VERMONT LOW INCOME TRUST FOR ELECTRICITY INC?
- The employer identification number (EIN) of VERMONT LOW INCOME TRUST FOR ELECTRICITY INC is 45-5403701.
- Is VERMONT LOW INCOME TRUST FOR ELECTRICITY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 2014.
- Are donations to VERMONT LOW INCOME TRUST FOR ELECTRICITY INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does VERMONT LOW INCOME TRUST FOR ELECTRICITY INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of VERMONT LOW INCOME TRUST FOR ELECTRICITY INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did VERMONT LOW INCOME TRUST FOR ELECTRICITY INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of VERMONT LOW INCOME TRUST FOR ELECTRICITY INC?
- The 990 for the year ended December 31, 2025 names GABRIELLE MALINA.
- Who are the officers and directors of VERMONT LOW INCOME TRUST FOR ELECTRICITY INC?
- The 990 for the year ended December 31, 2025 lists 8 people; 0 received compensation from the organization.
- How much revenue does VERMONT LOW INCOME TRUST FOR ELECTRICITY INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $1,062,437, expenses of $1,274,602 and total assets of $10,080,425 at year end.
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