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Vermont Low Income Trust For Electricity Inc

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

EIN: 455403701 ✦ Montpelier, VT ✦ Designated as a 501(c)(4)

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Overview

What is Vermont Low Income Trust For Electricity Inc?

Vermont Low Income Trust for Electricity Inc., headquartered at 52 State St PO Box 1072, Montpelier, VT 05601, is a nonprofit organization dedicated to serving the energy needs of low-income Vermonters. Through funding, they support various energy projects and initiatives that align with the state's comprehensive energy plan. They work closely with organizations such as Neighborworks of Western Vermont, the Vermont Office of Economic Opportunity, and Vermont Electric Coop, to provide essential resources. Additionally, they contribute to energy policies by appointing three independent directors to the board of VELCO, emphasizing their commitment to the public good.


Official website here: www.vlite.org

Is Vermont Low Income Trust For Electricity Inc legitimate?

Vermont Low Income Trust For Electricity Inc is a legitimate nonprofit organization registered as a 501(c)(4) entity. Vermont Low Income Trust For Electricity Inc submitted a form 990, 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.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.vlite.org

What is the mission statement of Vermont Low Income Trust For Electricity Inc?

Vermont Low Income Trust For Electricity Inc's mission is centered around advancing the public good. They accomplish this by funding energy projects and initiatives that cater to the needs of low-income Vermonters. Furthermore, they support energy policies that align with Vermont's Comprehensive Energy Plan. To execute this mission, they have provided funding for various programs through organizations such as Neighborworks of Western Vermont, the Vermont Office of Economic Opportunity, and Vermont Electric Coop. These initiatives aim to improve energy access and affordability for vulnerable communities in Vermont.


Official website here: www.vlite.org

Who is the CEO of Vermont Low Income Trust For Electricity Inc?

Gabrielle Malina is the Executive Dir. of Vermont Low Income Trust For Electricity Inc.


Official website here: www.vlite.org

What is the revenue of Vermont Low Income Trust For Electricity Inc?

Vermont Low Income Trust For Electricity Inc's revenue in 2022 was $1,034,669.


Official website here: www.vlite.org

Who are the executives of Vermont Low Income Trust For Electricity Inc and what are their salaries?


Here are 9 key members and their salaries:


Richard Rubin (Vice President)
  • Compensation: $750
  • Related: $0
  • Other: $0
Hal Cohen (Secretary)
  • Compensation: $750
  • Related: $0
  • Other: $0
Sarah Hofmann (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Peter Walke (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Anthony Klein (President (6/22))
  • Compensation: $750
  • Related: $0
  • Other: $0
Larry Lackey (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Amy Shollenberger (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard Marron (Past President (6/22))
  • Compensation: $0
  • Related: $0
  • Other: $0
Gabrielle Malina (Executive Dir.)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.vlite.org

Where can I find the form 990 for Vermont Low Income Trust For Electricity Inc?

Vermont Low Income Trust For Electricity Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.vlite.org

Learn more at the official website: www.vlite.org

Mission Statement of Vermont Low Income Trust For Electricity Inc

Vermont Low Income Trust For Electricity Inc, abbreviated as VLITE, is dedicated to promoting the general welfare by investing in energy projects and initiatives that cater to the needs of low-income Vermonters. Aligning with Vermont's Comprehensive Energy Plan, VLITE's mission is to foster policies that encourage sustainable and equitable energy use within the state. To accomplish this, VLITE has provided funding for various programs through partners such as Neighborworks of Western Vermont, the Vermont Office of Economic Opportunity, and Vermont Electric Coop. These initiatives aim to make energy resources more accessible and affordable for underprivileged Vermonters, thereby contributing to a more inclusive and sustainable energy landscape in the state.

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Impact




October, 2024

Vermont Low Income Trust For Electricity Inc significantly impacts low-income Vermonters by funding energy projects and initiatives that align with Vermont's Comprehensive Energy Plan. By providing financial support to programs run by organizations such as NeighborWorks of Western Vermont and the Vermont Office of Economic Opportunity, the Trust helps improve energy efficiency and access for underserved populations.

These efforts not only alleviate the financial burden of energy costs on low-income households but also promote sustainable energy practices in line with state policies. The Trust’s involvement in naming independent directors to the board of Vermont Electric Power Company (VELCO) further strengthens its influence on energy policy and decision-making, ensuring that the needs of low-income communities are prioritized. Overall, the Trust plays a crucial role in fostering community improvement through enhanced energy access and efficiency.




This information is meant to be a general summary of Vermont Low Income Trust For Electricity Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$1,034,669 (2022)
Expenses
$1,531,710 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $1,034,669
  • Gross Receipts: $1,034,669

Assets and Liabilities:

  • Total Assets: $10,644,565
  • Total Liabilities: $1,113,264
  • Net Assets: $9,531,301

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Organization Details

Founding Year

2011

Principal Officer

Gabrielle Malina

Main Address

52 State St PO Box 1072, Montpelier, VT, 056011072

NTEE Category

Code: S20 - Community improvement

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