Civic Intelligence

Vermont Low Income Trust for Electricity Inc

990 • Fiscal year 2017 • EIN 45-5403701

Jan 01, 2017 to Dec 31, 2017 • Filed on Aug 06, 2018

Organization Profilewww.vlite.org
6 Sugar Tree Lane B3Essex Junction, VT 05452

(802) 878-4845

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

30th percentile

0.04x

Higher debt load relative to assets than 30% of similar nonprofits.

2017 filings • 501(c)4 • $10M-$25M nonprofits • Source year 2017

Liabilities / Revenue

57th percentile

0.37x

Higher debt load relative to revenue than 57% of similar nonprofits.

2017 filings • 501(c)4 • $10M-$25M nonprofits • Source year 2017

Net Margin

80th percentile

42%

Higher net margin than 80% of similar nonprofits.

2017 filings • 501(c)4 • $10M-$25M nonprofits • Source year 2017

Top Officer Pay

40th percentile

$70,814

Higher top officer pay than 40% of similar nonprofits.

Top officer pay equals 6.8% of source-year revenue.

2017 filings • 501(c)4 • $10M-$25M nonprofits • Source year 2017

Asset Growth

42nd percentile

2.4%

Faster asset growth than 42% of similar nonprofits.

2017 filings • 501(c)4 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Revenue Growth

30th percentile

0.0%

Faster revenue growth than 30% of similar nonprofits.

2017 filings • 501(c)4 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets30th percentile

Assets

Flat

$10,001,546

Flat from 2017

Net Assets

Flat

$9,619,845

Flat from 2017

Liabilities

Flat

$381,701

Flat from 2017

Revenue And Expenses
Liabilities / Revenue57th percentileNet Margin80th percentile

Revenue

Flat

$1,034,746

Flat from 2017

Expenses

Flat

$603,692

Flat from 2017

Net Income

Flat

$431,054

Flat from 2017

Historical Trend

Balance Sheet Trend

Asset Growth42nd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$15M$10M$5.0M$0Assets 2012: $9,762,107Liabilities 2012: $0Net Assets 2012: $9,762,1072012Assets 2013: $10,614,753Liabilities 2013: $660,003Net Assets 2013: $9,954,7502013Assets 2014: $10,038,183Liabilities 2014: $955,572Net Assets 2014: $9,082,6112014Assets 2015: $9,983,146Liabilities 2015: $892,651Net Assets 2015: $9,090,4952015Assets 2016: $9,763,087Liabilities 2016: $574,296Net Assets 2016: $9,188,7912016Assets 2017: $10,001,546Liabilities 2017: $381,701Net Assets 2017: $9,619,8452017Assets 2017: $10,001,546Liabilities 2017: $381,701Net Assets 2017: $9,619,8452017Assets 2018: $9,819,207Liabilities 2018: $357,333Net Assets 2018: $9,461,8742018Assets 2019: $10,522,559Liabilities 2019: $471,500Net Assets 2019: $10,051,0592019Assets 2020: $10,897,095Liabilities 2020: $457,868Net Assets 2020: $10,439,2272020Assets 2021: $10,869,108Liabilities 2021: $840,766Net Assets 2021: $10,028,3422021Assets 2022: $10,644,565Liabilities 2022: $1,113,264Net Assets 2022: $9,531,3012022Assets 2023: $10,462,749Liabilities 2023: $632,365Net Assets 2023: $9,830,3842023Assets 2024: $10,567,949Liabilities 2024: $822,376Net Assets 2024: $9,745,5732024

Highlighted filing

2017

Assets$10,001,546
Liabilities$381,701
Net Assets$9,619,845
Open 2017 Filing

Operations Trend

Revenue Growth30th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$10M$5.0M$0-$5.0MRevenue 2012: $9,766,360Expenses 2012: $4,253Net Income 2012: $9,762,1072012Revenue 2013: $1,037,455Expenses 2013: $844,812Net Income 2013: $192,6432013Revenue 2014: $1,037,062Expenses 2014: $1,909,202Net Income 2014: -$872,1402014Revenue 2015: $1,034,942Expenses 2015: $1,027,058Net Income 2015: $7,8842015Revenue 2016: $1,034,615Expenses 2016: $936,318Net Income 2016: $98,2972016Revenue 2017: $1,034,746Expenses 2017: $603,692Net Income 2017: $431,0542017Revenue 2017: $1,034,746Expenses 2017: $603,692Net Income 2017: $431,0542017Revenue 2018: $882,124Expenses 2018: $1,040,095Net Income 2018: -$157,9712018Revenue 2019: $1,293,233Expenses 2019: $704,048Net Income 2019: $589,1852019Revenue 2020: $1,034,946Expenses 2020: $646,778Net Income 2020: $388,1682020Revenue 2021: $1,034,699Expenses 2021: $1,446,068Net Income 2021: -$411,3692021Revenue 2022: $1,034,669Expenses 2022: $1,531,710Net Income 2022: -$497,0412022Revenue 2023: $1,051,940Expenses 2023: $768,383Net Income 2023: $283,5572023Revenue 2024: $1,070,483Expenses 2024: $1,168,325Net Income 2024: -$97,8422024

Highlighted filing

2017

Revenue$1,034,746
Expenses$603,692
Net Income$431,054
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Aug 6, 2018
Return Version
2017v2.2
Gross Receipts
$1,034,746
Mission and Program Overview

Mission

Advancement of the public good though funding energy projects and initiatives that serve low income Vermonters and further energy policies consistent with Vermont's Comprehensive Energy Plan.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$8,990,300$8,990,300→ $0
Savings and Temporary Cash Investments$810,824$1,071,460▲ $260,636
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Cash and Non-Interest-Bearing Accounts$-38,037$-60,214▼ $22,177
Total Assets$9,763,087$10,001,546▲ $238,459
Other Assets Total-$0-
Liabilities
Grants Payable$565,200--
Accounts Payable and Accrued Expenses$9,096$381,701▲ $372,605
Total Liabilities$574,296$381,701▼ $192,595
Net Assets / Fund Balance
Unrestricted Net Assets$9,188,791$9,619,845▲ $431,054
Total Net Assets Fund Balance$9,188,791$9,619,845▲ $431,054
Total Liabilities and Net Assets / Fund Balance$9,763,087$10,001,546▲ $238,459

Asset Categories

AssetBook ValueDepreciationBasis
Closely Held Equity Interests$8,990,300--
Compensation and Service Providers
Top Officer Pay40th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Paul CravenExecutive DirectorPT$70,814$70,814
Richard MarronPresident-$600$600
Richard RubinVice President-$600$600

Board Members and Trustees

NameTitle
Charles RossDirector
Pat Moulton PowdenDirector
Scott JohnstoneDirector
Hal CohenSecretary
Annie NoonanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$1,034,746
Other Revenue
$0
Change in Net Assets
$431,054
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$490,000
Salaries, Compensation, and Employee Benefits$70,814
Other Expenses$42,878
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$490,000--$490,000
Current Officers, Directors, Trustees, and Key Employees$69,016$1,798-$70,814
Fees for Services Other$20,743$2,642-$23,385
Fees for Services Accounting-$8,008-$8,008
Insurance-$7,042-$7,042
Travel$2,149$1,569-$3,718
Fees for Services Legal$725--$725
Total Functional Expenses$582,633$21,059$0$603,692
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Lyndon State CollegeLyndonville, VT-VT Comprehensive Energy plan$170,000
Office of Economic OpportunitBurlington, VT-Efficiency prog for low income VT$150,000
VT Dept of Public ServiceMontpelier, VT-VT Comprehensive Energy Plan$100,000
VEEP VT Energy Education ProgMontpelier, VT-Energy efficiency low income VT$50,000
VT Council on Rural DevelopmeMontpelier, VT-VT Comprehensive Energy plan$20,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

“Executive Director will review before signing”

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“Board members required to disclose conflicts; Board discussion re: conflicts”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“Copies of documents may be requested from the Organization's executive director.”

Filing and Contact Details

Filer

Filer Name
Vermont Low Income Trust for
EIN
45-5403701
Phone
8028784845
Address
6 Sugar Tree Lane B3, Essex Junction, VT 05452

Signing Officer

Name
Paul Craven
Title
Executive Director
Signed
2018-08-06
Discuss with paid preparer
Yes

Organization Details

Formed
2011
Legal Domicile
Vt
Voting Board Members
7
Independent Board Members
7
Employees
0

Preparer

Firm
Montgomery & Granai PC
Address
110 Main Street, Burlington, VT 05401-8451
Preparer
Colleen L Montgomery CPA
Phone
8028646565
Raw XML AppendixShowing 400 of 403 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.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt09096
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0381701
IRS990/AccountsReceivableGrp/EOYAmt00
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0Advancement of the public good though funding energy projects and initiatives that serve low income Vermonters and further energy policies consistent with Vermont's Comprehensive Energy Plan.
IRS990/AdvertisingGrp/TotalAmt00
IRS990/AllAffiliatesIncludedInd0false
IRS990/AllOtherExpensesGrp/TotalAmt00
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/PersonNm0Paul Craven
IRS990/BooksInCareOfDetail/PhoneNum08028784845
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt06 Sugar Tree Lane B3
IRS990/BooksInCareOfDetail/USAddress/CityNm0Essex Junction
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0VT
IRS990/BooksInCareOfDetail/USAddress/ZIPCd005452
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0-38037
IRS990/CashNonInterestBearingGrp/EOYAmt0-60214
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt01798
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt069016
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt070814
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/TotalAmt00
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt0490000
IRS990/CYInvestmentIncomeAmt01034746
IRS990/CYOtherExpensesAmt042878
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0431054
IRS990/CYSalariesCompEmpBnftPaidAmt070814
IRS990/CYTotalExpensesAmt0603692
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01034746
IRS990/DAFExcessBusinessHoldingsInd0false
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/TotalAmt00
IRS990/Desc0Efficiency programs for low income Vermonters: in collaboration with the State of Vermont Office of Economic Opportunity/ Community Action Councils (CAPs), Neighbor works and Housing Vermont, VLITE provided funding for the following efficiency programs: ReSource, VT Office of Economic Opportunity, VT Housing & Conservation Board, VT Law School, and VT Energy Education Programs.
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DistributionToDonorInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/EmploymentTaxReturnsFiledInd0false
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/EscrowAccountInd0false
IRS990/ExpenseAmt0307040
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt08008
IRS990/FeesForServicesAccountingGrp/TotalAmt08008
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt0725
IRS990/FeesForServicesLegalGrp/TotalAmt0725
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/TotalAmt00
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt02642
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt020743
IRS990/FeesForServicesOtherGrp/TotalAmt023385
IRS990/FeesForServicesProfFundraising/TotalAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt00
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/TotalAmt00
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt20.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt30.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt40.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt50.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt60.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt70.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt04.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt14.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt23.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt33.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt43.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt53.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt63.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt720.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/PersonNm0Richard Marron
IRS990/Form990PartVIISectionAGrp/PersonNm1Annie Noonan
IRS990/Form990PartVIISectionAGrp/PersonNm2Richard Rubin
IRS990/Form990PartVIISectionAGrp/PersonNm3Hal Cohen
IRS990/Form990PartVIISectionAGrp/PersonNm4Charles Ross
IRS990/Form990PartVIISectionAGrp/PersonNm5Pat Moulton Powden
IRS990/Form990PartVIISectionAGrp/PersonNm6Scott Johnstone
IRS990/Form990PartVIISectionAGrp/PersonNm7Paul Craven
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt0600
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt2600
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt770814
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/TitleTxt0President
IRS990/Form990PartVIISectionAGrp/TitleTxt1Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt2Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt3Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Executive Dir.
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/Form990TFiledInd0false
IRS990/FormationYr02011
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GrantAmt0250000
IRS990/GrantsPayableGrp/BOYAmt0565200
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0490000
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0490000
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0true
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt01034746
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt07
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/ManagementAndGeneralAmt07042
IRS990/InsuranceGrp/TotalAmt07042
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt01034746
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt01034746
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt08990300
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt08990300
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/InvestTaxExemptBondsInd0false
IRS990/IRPDocumentCnt07
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipBasisNetGrp/EOYAmt00
IRS990/LegalDomicileStateCd0VT
IRS990/LicensedMoreThanOneStateInd0false
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0false
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0Advancement of the public good though funding energy projects and initiatives that serve low income Vermonters and further energy policies consistent with Vermont's Comprehensive Energy Plan.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt09188791
IRS990/NetAssetsOrFundBalancesEOYAmt09619845
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/TotalAmt00
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActy2Grp/Desc0Vermonts comprehensive Energy Plan: VLITE provided funding for the following programs: VT Department of Public Service, Northern Forest Center, and VT Energy Investment Corp.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0275593
IRS990/ProgSrvcAccomActy2Grp/GrantAmt0240000
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0848150
IRS990/PYInvestmentIncomeAmt01034615
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt016795
IRS990/PYRevenuesLessExpensesAmt098297
IRS990/PYSalariesCompEmpBnftPaidAmt071373
IRS990/PYTotalExpensesAmt0936318
IRS990/PYTotalRevenueAmt01034615
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0431054
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0true
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0810824
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01071460
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/CloselyHeldEquityInterestsGrp/BookValueAmt08990300
IRS990ScheduleD/CloselyHeldEquityInterestsGrp/MethodValuationCd0C
IRS990ScheduleD/TotalBookValueSecuritiesAmt08990300
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt0170000
IRS990ScheduleI/RecipientTable/CashGrantAmt1150000
IRS990ScheduleI/RecipientTable/CashGrantAmt250000
IRS990ScheduleI/RecipientTable/CashGrantAmt320000
IRS990ScheduleI/RecipientTable/CashGrantAmt4100000
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt10
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt20
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt30
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt40
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0VT Comprehensive Energy plan
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1Efficiency prog for low income VT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2Energy efficiency low income VT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3VT Comprehensive Energy plan
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt4VT Comprehensive Energy Plan
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Lyndon State College
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1Office of Economic Opportunit
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2VEEP VT Energy Education Prog
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3VT Council on Rural Developme
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt4VT Dept of Public Service
IRS990ScheduleI/RecipientTable/RecipientEIN0030213787
IRS990ScheduleI/RecipientTable/RecipientEIN1030216837
IRS990ScheduleI/RecipientTable/RecipientEIN2455591876
IRS990ScheduleI/RecipientTable/RecipientEIN3030354510
IRS990ScheduleI/RecipientTable/RecipientEIN4036000264
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt01001 College Rd
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1255 S Champlain St 9
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt2PO Box 1364
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt343 State Street
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt4112 State Street Third Floor
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Lyndonville
IRS990ScheduleI/RecipientTable/USAddress/CityNm1Burlington
IRS990ScheduleI/RecipientTable/USAddress/CityNm2Montpelier
IRS990ScheduleI/RecipientTable/USAddress/CityNm3Montpelier
IRS990ScheduleI/RecipientTable/USAddress/CityNm4Montpelier
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0VT
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1VT
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd2VT
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd3VT
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd4VT
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd005851
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd105401
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd205601
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd305601
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd405620
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0The Board of Directors selects and approves all grant awards.
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt1The Organization requires progress and final reports from awardees, and withholds a portion of the grant, when appropriate, to ensure compliance.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Additional Supplemental Information
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc1Grantmaker's Description of How Grants are Used
IRS990ScheduleI/Total501c3OrgCnt05
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Executive Director will review before signing
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Board members required to disclose conflicts; Board discussion re: conflicts
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Copies of documents may be requested from the Organization's executive director.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt09763087
IRS990/TotalAssetsEOYAmt010001546
IRS990/TotalAssetsGrp/BOYAmt09763087
IRS990/TotalAssetsGrp/EOYAmt010001546
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt021059
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0582633
IRS990/TotalFunctionalExpensesGrp/TotalAmt0603692
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0574296
IRS990/TotalLiabilitiesEOYAmt0381701
IRS990/TotalLiabilitiesGrp/BOYAmt0574296
IRS990/TotalLiabilitiesGrp/EOYAmt0381701
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt09188791
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt09619845
IRS990/TotalProgramServiceExpensesAmt0582633
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalReportableCompFromOrgAmt072014
IRS990/TotalRevenueGrp/ExclusionAmt01034746
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01034746
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt09763087
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt010001546
IRS990/TravelGrp/ManagementAndGeneralAmt01569
IRS990/TravelGrp/ProgramServicesAmt02149
IRS990/TravelGrp/TotalAmt03718
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt09188791
IRS990/UnrestrictedNetAssetsGrp/EOYAmt09619845
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0www.vlite.org
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Paul Craven
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Executive Dir.
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-08-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Vermont Low Income Trust for
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0Electricity Inc
ReturnHeader/Filer/BusinessNameControlTxt0VERM
ReturnHeader/Filer/EIN0455403701
ReturnHeader/Filer/PhoneNum08028784845
ReturnHeader/Filer/USAddress/AddressLine1Txt06 Sugar Tree Lane B3
ReturnHeader/Filer/USAddress/CityNm0Essex Junction
ReturnHeader/Filer/USAddress/StateAbbreviationCd0VT
ReturnHeader/Filer/USAddress/ZIPCd005452
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0030360150
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Montgomery & Granai PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0110 Main Street
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Burlington
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0VT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0054018451
ReturnHeader/PreparerPersonGrp/PhoneNum08028646565
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Colleen L Montgomery CPA
ReturnHeader/ReturnTs02018-08-06T09:15:43-07:00
ReturnHeader/ReturnTypeCd0990

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$10,001,546
Liabilities
$381,701
Net assets
$9,619,845
Revenue
$1,034,746
Expenses
$603,692
Net income
$431,054
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.6$0.82$9.75$1.07$1.17$0.10
2023Summary only. Only limited summary data is available for this year.$10.5$0.63$9.83$1.05$0.77$0.28
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.6$1.11$9.53$1.03$1.53$0.50
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.9$0.84$10.0$1.03$1.45$0.41
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.9$0.46$10.4$1.03$0.65$0.39
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.5$0.47$10.1$1.29$0.70$0.59
2018Summary only. Only limited summary data is available for this year.$9.82$0.36$9.46$0.88$1.04$0.16
2017Detailed filing. Detailed filing data is available for this year.$10.0$0.38$9.62$1.03$0.60$0.43
2017Summary only. Only limited summary data is available for this year.$10.0$0.38$9.62$1.03$0.60$0.43
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.76$0.57$9.19$1.03$0.94$0.10
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.98$0.89$9.09$1.03$1.03$0.01
2014Detailed filing. Detailed filing data is available for this year.$10.0$0.96$9.08$1.04$1.91$0.87
2013Detailed filing. Detailed filing data is available for this year.$10.6$0.66$9.95$1.04$0.84$0.19
2012Summary only. Only limited summary data is available for this year.$9.76$0.00$9.76$9.77$0.00$9.76