Civic Intelligence

Vineyard Power Cooperative

EIN 27-1437013 • 501(c)12 • Vineyard Haven, MA

Profile

To develop solely, or incooperation with one or more persons or entities, and/or own renewable electric generation facilities, and to procure and/or sellelectric supply or other energy-related goods or services atcompetitive prices to members and, in furtherance of the foregoingpurposes, to carry on any lawful business permitted for a corporationorganized under the electric co-op law and the business corporationlaw. The cooperative shall be organized and shall conduct its businessprimarily for the mutual benefit of its members as patrons of thecooperative.

151 Beach Road Unit 1AVineyard Haven, MA 02568

www.vineyardpower.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

100th percentile

23.33x

Higher debt load relative to assets than 100% of similar nonprofits.

501(c)12 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

100th percentile

1097.00x

Higher debt load relative to revenue than 100% of similar nonprofits.

501(c)12 • <$500k nonprofits • Source year 2020

Net Margin

2nd percentile

-252%

Higher net margin than 2% of similar nonprofits.

501(c)12 • <$500k nonprofits • Source year 2020

Top Officer Pay

79th percentile

$0

Higher top officer pay than 79% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)12 • <$500k nonprofits • Source year 2020

Asset Growth

7th percentile

-88%

Faster asset growth than 7% of similar nonprofits.

501(c)12 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

2nd percentile

-100%

Faster revenue growth than 2% of similar nonprofits.

501(c)12 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Down

$6,489

Down $45,588 (-88%) from 2019

Liabilities

Down

$151,386

Down $45,240 (-23%) from 2019

Net Assets

Down

-$144,897

Down $348 (-0.2%) from 2019

Revenue

Down

$138

Down $89,651 (-100%) from 2019

Expenses

Down

$486

Down $70,922 (-99%) from 2019

Net Income

Down

-$348

Down $18,729 (-102%) from 2019

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$400K$200K$0-$200KAssets 2011: $45,912Liabilities 2011: $29,323Net Assets 2011: $16,5892011Assets 2012: $22,475Liabilities 2012: $24,407Net Assets 2012: -$1,9322012Assets 2013: $16,591Liabilities 2013: $60,139Net Assets 2013: -$43,5482013Assets 2014: $10,951Liabilities 2014: $91,870Net Assets 2014: -$80,9192014Assets 2015: $36,633Liabilities 2015: $96,624Net Assets 2015: -$59,9912015Assets 2016: $60,010Liabilities 2016: $126,598Net Assets 2016: -$66,5882016Assets 2017: $91,394Liabilities 2017: $194,040Net Assets 2017: -$102,6462017Assets 2018: $111,240Liabilities 2018: $274,170Net Assets 2018: -$162,9302018Assets 2019: $52,077Liabilities 2019: $196,626Net Assets 2019: -$144,5492019Assets 2020: $6,489Liabilities 2020: $151,386Net Assets 2020: -$144,8972020

Highlighted filing

2020

Assets$6,489
Liabilities$151,386
Net Assets-$144,897

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$200K$100K$0-$100KRevenue 2011: $153,138Expenses 2011: $149,835Net Income 2011: $3,3032011Revenue 2012: $39,921Expenses 2012: $58,442Net Income 2012: -$18,5212012Revenue 2013: $23,431Expenses 2013: $65,047Net Income 2013: -$41,6162013Revenue 2014: $48,578Expenses 2014: $85,949Net Income 2014: -$37,3712014Revenue 2015: $57,349Expenses 2015: $36,421Net Income 2015: $20,9282015Revenue 2016: $33,985Expenses 2016: $40,582Net Income 2016: -$6,5972016Revenue 2017: $47,448Expenses 2017: $83,506Net Income 2017: -$36,0582017Revenue 2018: $52,866Expenses 2018: $113,150Net Income 2018: -$60,2842018Revenue 2019: $89,789Expenses 2019: $71,408Net Income 2019: $18,3812019Revenue 2020: $138Expenses 2020: $486Net Income 2020: -$3482020

Highlighted filing

2020

Revenue$138
Expenses$486
Net Income-$348

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 9, 2021
Return Version
2020v4.1
Gross Receipts
$138
Mission and Program Overview

Mission

To develop solely, or incooperation with one or more persons or entities, and/or own renewable electric generation facilities, and to procure and/or sellelectric supply or other energy-related goods or services atcompetitive prices to members and, in furtherance of the foregoingpurposes, to carry on any lawful business permitted for a corporationorganized under the electric co-op law and the business corporationlaw. The cooperative shall be organized and shall conduct its businessprimarily for the mutual benefit of its members as patrons of thecooperative.

The taxpayer is a 501(c)12 organization. As a community-owned cooperative, we aim to help build a sustainable energy future for Martha's Vineyard. With a growing membership base of over 1390 households & businesses, we aim to keep the benefits and control of our energy resources within our island community. Its mission is to produce electricity from local, renewable resources while advocating for and keeping the benefits within our island community. Its vision is to make the island of Martha's Vineyard 100% renewable, in domestic electricity, transportation and home heating, by 2040. These goals will be accomplished through several commercial scale solar installations, an offshore wind farm, and the implementation of smart grid technology.

Program Services

DescriptionGrantsExpenses
The taxpayer is involved in a wind project in Martha's Vineyard to bring wind power to the area. In addition, the taxpayer's other energy related efforts include bringing alternative energy sources to Martha's Vineyard.$0$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Richard AndrePresidentPT$0--
Mike JacobsChairman-$0--
Tom SoldiniTreasurer-$0--
William LakeSecretary-$0--
Ann BerwickDirector-$0--
Rob HannemannDirector-$0--
Ron DagostinoDirector-$0--
Julius LoweDirector-$0--
Dana HeffnerDirector-$0--
Gary HarcourtDirector-$0--
Jon HartzbandPast Director-$0--
Warren AdamsPast Director-$0--
Filing and Contact Details

Filer

Filer Name
Vineyard Power Cooperative
EIN
27-1437013
Phone
5086933002
Address
151 Beach Road Unit 1A, Vineyard Haven, MA 02568

Signing Officer

Name
Richard Andre
Title
President
Phone
5086933002
Signed
2021-11-09
Discuss with paid preparer
Yes

Preparer

Firm
Berry Dunn McNeil & Parker LLC
Address
1000 Elm Street 4th Floor, Manchester, NH 03101
Preparer
Barbara J McGuan CPA
Phone
6036697337
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 8 - Other Revenue

Description: Refund of Deposits. Amount: 41.

Form 990-EZ, Part I, Line 16 - Other Expenses

Description: State Filing Fees. Amount: 110. Description: Dues and Subscriptions. Amount: 376. Total to Form 990-EZ, line 16: 486.

Form 990-EZ, Part II, Line 24 - Other Assets

Description: Investment in Vineyard Power Solar, Inc.. Beg. of Year Amount: 3,000. End of Year Amount: 3,000. Description: Security Deposit. Beg. of Year Amount: 800. End of Year Amount: 800.

Form 990-EZ, Part II, Line 26 - Other Liabilities

Description: Accrued Expenses. Beg. of Year Amount: 169,958. End of Year Amount: 129,958. Description: Due to Island Wind Inc.. Beg. of Year Amount: 23,600. End of Year Amount: 18,360. Description: Gift Certificate Liability. Beg. of Year Amount: 3,068. End of Year Amount: 3,068.

Raw XML Appendix169 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0The taxpayer is involved in a wind project in Martha's Vineyard to bring wind power to the area. In addition, the taxpayer's other energy related efforts include bringing alternative energy sources to Martha's Vineyard.
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IRS990EZ/WebsiteAddressTxt0www.vineyardpower.com
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Description: Refund of Deposits. Amount: 41.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Description: State Filing Fees. Amount: 110. Description: Dues and Subscriptions. Amount: 376. Total to Form 990-EZ, line 16: 486.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Description: Investment in Vineyard Power Solar, Inc.. Beg. of Year Amount: 3,000. End of Year Amount: 3,000. Description: Security Deposit. Beg. of Year Amount: 800. End of Year Amount: 800.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Description: Accrued Expenses. Beg. of Year Amount: 169,958. End of Year Amount: 129,958. Description: Due to Island Wind Inc.. Beg. of Year Amount: 23,600. End of Year Amount: 18,360. Description: Gift Certificate Liability. Beg. of Year Amount: 3,068. End of Year Amount: 3,068.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 8 - Other Revenue
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990-EZ, Part I, Line 16 - Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990-EZ, Part II, Line 24 - Other Assets
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990-EZ, Part II, Line 26 - Other Liabilities
TransferPrsnlBnftContractsDecl/DeclarationDesc0The organization did not, during the year, receive any funds, directly,or indirectly, to pay premiums on a personal benefit contract.The organization, did not, during the year, pay any premiums, directly,or indirectly, on a personal benefit contract.
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
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ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0RICHARD ANDRE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum05086933002
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Vineyard Power Cooperative
ReturnHeader/Filer/BusinessNameControlTxt0VINE
ReturnHeader/Filer/EIN0271437013
ReturnHeader/Filer/PhoneNum05086933002
ReturnHeader/Filer/USAddress/AddressLine1Txt0151 Beach Road Unit 1A
ReturnHeader/Filer/USAddress/CityNm0Vineyard Haven
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd002568
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0010523282
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Berry Dunn McNeil & Parker LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01000 Elm Street 4th Floor
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ReturnHeader/PreparerPersonGrp/PhoneNum06036697337
ReturnHeader/PreparerPersonGrp/PreparationDt02021-11-09
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Barbara J McGuan CPA
ReturnHeader/ReturnTs02021-11-15T08:18:20-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0RICHARD
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0ANDRE
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
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