Vineyard Power Development Fund INC EIN 87-2762989 Form 990 (PDF) Claim this org

Vineyard Power Development Fund INC

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Promotes local renewable energy and energy efficiency for the community. For fiscal year 2024 it reported $956K in revenue, $952K in expenses, and $123K in net assets.Pt I

Type
Public foundation / grantmaker · Foundations & Grantmakers
Location
Vineyard Haven, MA
Website
www.vineyardpower.com
Filings
4 on file (2021–2024)
Revenue
$956KFY2024
Expenses
$952K
Net assets
$123K
People
7
Filings
4
Updates
0
More identity details & actions ⌄
EIN  87-2762989 Public foundation / grantmaker Vineyard Haven, MA
Form 990 (PDF)
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Size
$100K–1M
What they do
Promotes local renewable energy and energy efficiency for the community.
Leadership
Luke Lefeber · Controller & Renewable Dev. Manager · $138K
Money in and out
$956K revenue, $952K expenses
Bottom line
87% program efficiency
Grants paid & assets · FY2024
Total revenue
$956K
Pt VIII · Ln 12
Total expenses
$952K
Pt IX · Ln 25
Net assets
$123K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $4K
Where spending went · Part IX cols B–D
Program services $0.87 Management & general $0.13
Program efficiency
87%
of spending reaches programs▲ +4% vs prior filing year
Operating runway
0.9mo
months of highly liquid reserves at operating expense rate▼ -76% vs prior filing year
Surplus margin
+0.4%
revenue over expenses, this year▼ -98% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$956K
FY2024▲ +14%
Expenses
$952K
FY2024▲ +39%
Total assets
$147K
FY2024▼ -37%
Total liabilities
$23K
FY2024▼ -79%
Total revenue
$956K
Pt VIII · Ln 12
Total expenses
$952K
Pt IX · Ln 25
Net assets
$123K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$4K
Total assetsPt X · Ln 16$147K
Program-expense ratioPt IX · col B87%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 45
Mission & Programs · Part III

Where the work happens

1 program service account for $832K of program spending, described in the organization's own filed words · FY2024.
01

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…

$832Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CVineyard Power Development Fund INC
EINHdr · item D87-2762989
Principal addressHdr · item CVineyard Haven, MA
WebsiteHdr · item Jwww.vineyardpower.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T20)
Ruling yearIRS BMFApr 2022

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Controller & Renewable Dev. Manager
$138,193Pt VII · Sec A
President
$138,038Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A

Luke Lefeber’s $138K as Controller & Renewable Dev. Manager is at the 95th percentile of top reported officer pay among 1264 $100K–1M philanthropy & grantmaking nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023FY2022
Luke Lefeber$138,193
Richard Andre$138,038$131,106$27,375

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Program service revenue$524K · 55%
Contributions & grants$424K · 44%
Investment income$7K · 1%
Program service revenue55%$524K
Contributions & grants44%$424K
Investment income1%$7K
Total revenueLn 12$956K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.87 Management & general $0.13
Program services87%$832K
Management & general13%$120K
Total functional expensesLn 25$952K

Balance Sheet

Part X · end of year
CashLn 1$72K
Total assetsLn 16$147K
Total liabilitiesLn 26$23K
Total net assetsLn 32$123K
Months of cash on handcomputed0.9

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $72K · Operating expenses/yr $952K
0.9 months
Where the money goes
Program services
Program services $832K · Total expenses $952K
87%
Management & General
Management & general $120K · Total expenses $952K
13%
Fundraising
Fundraising $0 · Total expenses $952K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $403K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $424K · Total revenue $956K
44%
Government reliance
Government grants — · Total revenue $956K
Earned-income share
Program service revenue $524K · Total revenue $956K
55%
Investment reliance
Investment income $7K · Total revenue $956K
+0.8%
Program self-sufficiency
Program service revenue $524K · Total expenses $952K
55%
Growth & trend
Revenue growth (YoY)
This year $956K · Prior year $838K
+14%
Net-asset trend (YoY)
End of year $123K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $956K · Expenses $952K
+0.4%
Liabilities-to-Assets
Total liabilities — · Total assets $147K
Net-asset ratio
Net assets $123K · Total assets $147K
84%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $147K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Luke Lefeber · Reported title Controller & Renewable Dev. Manager · Highest reported compensation $138K · Total expenses $952K
15%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $621K · Total expenses $952K
65%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 87%
Overhead ratio 13%
Fundraising cost ratio 0%
Revenue growth 14%
Legal fee ratio 2%
Accounting fee ratio 0.5%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 2 funders$300K
Grants paid · 3 grants · $384K · 2023–2024
Cape Light Compact JpeFY2024$153,753
Cape Light CompactFY2023$190,000

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$956K revenue · viewing · ⤓ 990 PDF
FY2023$838K revenue · ⤓ 990 PDF
FY2022$73K revenue · ⤓ 990 PDF
FY2021$96K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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