Vineyard Power Development Fund Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 872762989 ✦ Vineyard haven, MA ✦ Designated as a 501(c)(3)

Overview

What is Vineyard Power Development Fund Inc?

Vineyard Power Development Fund Inc is a nonprofit organization committed to assisting Martha's Vineyard in reaching its renewable energy objectives. They accomplish this through their Energy Transition Program and offshore wind projects. This nonprofit's mission is to contribute to a more sustainable and environmentally friendly future for the community, promoting the use of clean energy sources.


Is Vineyard Power Development Fund Inc legitimate?

Vineyard Power Development Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Vineyard Power Development Fund Inc submitted a form 990EZ, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


What is the mission statement of Vineyard Power Development Fund Inc?

Vineyard Power Development Fund Inc, as a nonprofit organization, is committed to assisting in achieving renewable energy objectives on Martha's Vineyard. This is primarily done through the Energy Transition Program and offshore wind projects. The mission of Vineyard Power Development Fund Inc is to contribute to a sustainable energy future for the community, promoting the use of renewable resources to reduce reliance on fossil fuels. By participating in these initiatives, the organization aims to contribute to a greener and more environmentally friendly energy landscape.


Who is the CEO of Vineyard Power Development Fund Inc?

Richard Andre is the President of Vineyard Power Development Fund Inc.


What is the revenue of Vineyard Power Development Fund Inc?

Vineyard Power Development Fund Inc's revenue in 2022 was $72,730.


Who are the executives of Vineyard Power Development Fund Inc and what are their salaries?

Here are 6 key members and their salaries:

    Richard Andre (President)
  • Compensation: $27,375
  • Related: $0
  • Other: $0

    • Michael Jacobs (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Rob Hannemann (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • William Lake (Clerk)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ron Dagostino (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ann Berwick (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Where can I find the form 990EZ for Vineyard Power Development Fund Inc?

    The Vineyard Power Development Fund Inc’s most recent form 990EZ was submitted in 2022 and can be accessed here


    Mission Statement of Vineyard Power Development Fund Inc

    Vineyard Power Development Fund Inc, a nonprofit organization, is committed to assisting Martha's Vineyard in achieving its renewable energy objectives. They accomplish this mission primarily through two initiatives: the Energy Transition Program and offshore wind projects. The Energy Transition Program is one of their key strategies, aimed at facilitating the transition of the island towards more sustainable energy sources. Offshore wind projects, another critical component of their mission, contribute significantly to the island's renewable energy goals. By engaging in these initiatives, Vineyard Power Development Fund Inc plays a crucial role in promoting sustainable energy use and reducing reliance on non-renewable resources on Martha's Vineyard.

    Impact

    This information is meant to be a general summary of Vineyard Power Development Fund Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Sunday, August 4, 2024

    Vineyard Power Development Fund Inc has significantly impacted Martha's Vineyard by playing a vital role in enabling the community to achieve its renewable energy goals. Through its Energy Transition Program and involvement in offshore wind projects, Vineyard Power Development Fund Inc has been instrumental in fostering sustainable energy practices on the island. This has not only helped in reducing the carbon footprint but has also contributed to the overall environmental health and long-term sustainability of the region.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Program Service Revenue: $70,000
  • Gross Receipts: $72,730

    • Assets and Liabilities:
  • Total Assets: $104,358
  • Total Liabilities: $138,321
  • Net Assets: -$33,963
  • Organization Details

    Principal Officer

    Richard Andre

    Main Address

    151 Beach Road Unit 1A, Vineyard Haven, MA, 02568

    NTEE Category

    Code: T20 - Philanthropy

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