Vineyard Power Development Fund INC FY2023 filing

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Fosters local, renewable energy resources and energy efficiencies within the community.

501(c)(3) charity; gifts are tax-deductible.
84¢ of each $1 spent went to programs.
$131K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 2
filings with a surplus
Average surplus $79K a year · 9% of revenue · last 2 filings
Looks good: a surplus in 2 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
84%
of spending
Looks good: 84% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$131K
to officers and key staff · 19% of spending
Fine: pay to officers and key staff is 19% of spending; 15% to 20%.
Pt VII · Sec A
4 mo
of spending, in cash
Looks good: 3.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $300K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$113K
49% of total assets
Looks good: liabilities are 49% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 5 voting members
Looks good: 4 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$838K
×12 vs prior year
Spent
$685K
To programs
84%
Net assets
$119K
By yearFY2021–FY2024
Revenue
$838K
FY2023▲ ×12
Tap a bar for its year
Revenue by fiscal year
FY2021$96K
FY2022$73K
FY2023$838K
FY2024$956K
Expenses
$685K
FY2023
Tap a bar for its year
Expenses by fiscal year
FY2021Not on file
FY2022Not on file
FY2023$685K
FY2024$952K
Net assets
$119K
FY2023▲ +451%
Tap a bar for its year
Net assets by fiscal year
FY2021$96K
FY2022−$34K
FY2023$119K
FY2024$123K

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 2022.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

84 cents of each dollar spent went to programs.

Program services 84% · $576K Management & general 16% · $109K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

6 people listed on the 990; $131K paid to officers and key staff.

Part VII, Section A · reportable compensation
President
$131,106Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Past Director
$0Pt VII · Sec A

Luke Lefeber’s $138K as Controller & Renewable Dev. Manager is at the 95th percentile of top reported officer pay among 1265 $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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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Promotes local renewable energy and energy efficiency for the community.

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Provided by the organization

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1 program · $576K · in their own filed words · FY2023
01

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…

$576Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

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

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$838K
Ln 12
Fees for servicesLn 2g$456K
Gifts and grantsLn 1h$381K
Investment incomeLn 3$922
Money outPt IX
$685K
Ln 25
Programscol B$576K
Managementcol C$109K
Owns and owesPt X
$119K
net assets · Ln 32
Cash and savingsLn 1–2$211K
Total assetsLn 16$232K
LiabilitiesLn 26$113K
PeoplePt VI, VII
6
listed · VII A
PaidVII A1
Voting boardVI 1a5
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$381K
Fees for servicesLn 2g$456K
Investment incomeLn 3$922
Other incomeLn 4–11$25
Total revenueLn 12$838K
Assets in detailPt X, end of year
CashLn 1$110K
SavingsLn 2$101K
Cash and savings togetherLn 1–2$211K
Total assetsLn 16$232K
LiabilitiesLn 26$113K
Net assetsLn 32$119K
OperationsPt I, VI
EmployeesI 511
VolunteersI 616
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$94K$211K
Total assetsLn 16$104K$232K
LiabilitiesLn 26$138K$113K
Net assetsLn 32−$34K$119K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$192K$192K
Pay of current officers, directors and key staffLn 5$143K$121K$21K
Other salaries and wagesLn 7$201K$157K$45K
Pension plan contributionsLn 8$3K$2K$461
Other employee benefitsLn 9$13K$9K$4K
Payroll taxesLn 10$30K$24K$6K
Legal feesLn 11b$29K$29K
Accounting feesLn 11c$3K$3K
Advertising and promotionLn 12$22K$22K
Office expensesLn 13$5K$5K
Information technologyLn 14$6K$6K
OccupancyLn 16$18K$18K
TravelLn 17$3K$3K
InsuranceLn 23$9K$9K
Other expenses (24a–d)Ln 24$7K$7K
Total functional expensesLn 25$685K$576K$109K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $956K$952K$4K$123K 990 PDF
FY2023 Viewing $838K$685K$153K$119K 990 PDF
FY2022 $73K−$34K 990 PDF
FY2021 $96K$96K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $837,821 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$380,768
I-9 Program service revenuePrior year $0$456,106
I-10 Investment incomePrior year $0$922
I-11 Other revenuePrior year $0$25
I-12 Total revenuePrior year $0$837,821
I-13 Grants and similar amounts paidPrior year $0$191,634
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$389,641
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $0$103,312
I-18 Total expensesPrior year $0$684,587
I-19 Revenue less expensesPrior year $0$153,234
Part VI · Governance 4 of 5 board members independent, no flags
VI-1a Voting members of the governing body5
VI-1b Independent voting members4
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $837,821 across 6 lines filed
VIII-1f All other contributions, gifts and grants$380,768
VIII-1h Total contributions, gifts and grants$380,768
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $456,106$456,106
VIII-3 Investment incomeExcluded from tax $922$922
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $25$25
VIII-12 Total revenueRelated to mission $456,106 · Unrelated business $0 · Excluded from tax $947$837,821
Part IX · Statement of functional expenses $684,587 across 15 lines filed
IX-1 Grants to domestic organizationsPrograms $191,634$191,634
IX-5 Pay of current officers, directors and key staffPrograms $121,259 · Management $21,399$142,658
IX-7 Other salaries and wagesPrograms $156,572 · Management $44,606$201,178
IX-8 Pension plan contributionsPrograms $2,362 · Management $461$2,823
IX-9 Other employee benefitsPrograms $9,279 · Management $3,986$13,265
IX-10 Payroll taxesPrograms $23,763 · Management $5,954$29,717
IX-11b Legal feesManagement $28,716$28,716
IX-11c Accounting feesManagement $3,400$3,400
IX-12 Advertising and promotionPrograms $22,037$22,037
IX-13 Office expensesPrograms $5,165$5,165
IX-14 Information technologyPrograms $5,686$5,686
IX-16 OccupancyPrograms $18,234$18,234
IX-17 TravelPrograms $3,331$3,331
IX-23 InsurancePrograms $9,491$9,491
IX-24 Other expenses (24a–d)Programs $7,252$7,252
IX-25 Total functional expensesPrograms $576,065 · Management $108,522 · Fundraising $0$684,587
Part X · Balance sheet $232,081 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $94,358$110,492
X-2 Savings and temporary cash investments$100,922
X-4 Accounts receivableStart of year $10,000$20,667
X-16 Total assetsStart of year $104,358$232,081
X-17 Accounts payable and accrued expenses$111,989
X-25 Other liabilitiesStart of year $138,321$821
X-26 Total liabilitiesStart of year $138,321$112,810
X-27 Net assets without donor restrictionsStart of year −$33,963$119,271
X-32 Total net assets or fund balancesStart of year −$33,963$119,271
X-33 Total liabilities and net assetsStart of year $104,358$232,081
Part XI · Reconciliation of net assets $119,271 net assets at year end
XI-1 Total revenue$837,821
XI-2 Total expenses$684,587
XI-3 Revenue less expenses$153,234
XI-4 Net assets at start of year−$33,963
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$119,271

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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