Vineyard Power Development Fund Inc
We are located on Martha's Vineyard and our mission is to foster the production of electricity from local, renewable resources while enhancing resiliency at our community's critical facilities and ensuring equitable access for all residents and businesses. Our vision for the island is to be 100% renewable in electricity, transportation, and heating by 2040.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$147K
-36.8% YoY
Annual Giving
$194K
+2.0% YoY
Grant Count
2
+100.0% YoY
Avg Grant Size
$97K
-49.0% YoY
About Vineyard Power Development Fund Inc
Based on IRS filings
Vineyard Power Development Fund Inc is a nonprofit organization focused on Philanthropy, Voluntarism & Grantmaking, based in VINEYARD HAVEN, MA. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $147K in total assets. In 2024, it awarded 2 grants totaling $194K. Net investment income was $7K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $146,744 | $232,081 | $104,358 |
| Revenue | $955,784 | $837,821 | $72,730 |
| Expenses | $951,683 | $684,587 | $202,729 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $7,453 | $922 | — |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
Grant Size Distribution
3 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Cape Light Compact JPE ($153,753), Island Housing Trust ($40,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Cape Light Compact JPE South Yarmouth, MA | Cape Light Compact JPE is a joint powers entity established under M.G.L. c. 40, 4A to administer power supply services and energy efficiency programming for all twenty-one towns on Cape Cod and Martha's Vineyard in accordance with M.G.L. c. 164 134(a) & (b), respectively. As such, the Cape Light Compact, through its power supply services, has access to income eligibile ratepayer usage data and billing information. Grant funds were remitted to the Cape Light Compact for the purposes of delivering bi-annual distributions of funds to all electric customers on Martha's Vineyard receiving supply from the Compact on the R-2 and R-4 discounted electric rates to effectively subsidize electricity for income eligible ratepayers. | $153,753 |
| Island Housing Trust Vineyard Haven, MA | The purpose of the grant is to provide funds for IHT to develop a 127 kW DC solar photovoltaic array for it's Kheun's Way affordable housing project. | $40,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Michael Jacobs | Chairman | 0.5 | — |
| Rob Hannemann | Treasurer | 0.5 | — |
| William Lake | Clerk | 0.5 | — |
| Ann Berwick | Director | 0.5 | — |
| Jeff Parker | Director | 0.5 | — |
| Richard Andre | President | 27 | $138,038 |
| Luke Lefeber | Controller & Renewable Dev. Manager | 40 | $138,193 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Vineyard Power Development Fund Inc?
Vineyard Power Development Fund Inc is a nonprofit organization focused on Philanthropy, Voluntarism & Grantmaking, based in VINEYARD HAVEN, MA. It holds $147K in total assets as of 2024.
How large is Vineyard Power Development Fund Inc?
As of 2024, Vineyard Power Development Fund Inc holds $147K in total assets with $956K in annual revenue. It awarded 2 grants totaling $194K in 2024.
Where does Vineyard Power Development Fund Inc operate?
Vineyard Power Development Fund Inc has awarded grants in Massachusetts.
What size grants does Vineyard Power Development Fund Inc award?
In 2024, Vineyard Power Development Fund Inc awarded 2 grants totaling $194K — an average of about $97K per grant, based on its IRS Form 990 filings.
What is Vineyard Power Development Fund Inc's EIN?
Vineyard Power Development Fund Inc's EIN (Employer Identification Number) is 87-2762989. IRS Form 990 filing data is available on this page for 2021–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.