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.
Vineyard Power Development Fund Inc at a glance
In short: Vineyard Power Development Fund Inc gave $194K across 2 grants in 2024 (avg $97K), mostly in Massachusetts. Source: 2024 IRS Form 990.
- Annual giving (2024)
- $193,753
- +2.0% vs 2023
- Grants made (2024)
- 2
- +100.0% vs 2023
- Average grant
- $96,877
- -49.0% vs 2023
- Median grant
- $96,877
- Total assets
- $146,744
- -36.8% vs 2023
- Primary geography
- Massachusetts (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990, 2024 View filing
Data from IRS Form 990, 2024; updated September 2026.
Who Vineyard Power Development Fund Inc funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
The largest 2024 recipient was Cape Light Compact JPE ($154K). Together the top 2 received $194K.
Grant Size Distribution
3 grants across all recorded years
The most common grant size was in the $100–250K range: 2 grants of 3 (67%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 2 itemized grants.
States
Cities
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2023 to 2024, annual grant giving ranged from $190K (2023) to $194K (2024). In 2024 it made 2 grants totaling $194K.
Grants by year
Grant recipients and amounts by year
| 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 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2024 | $146,744 | $955,784 | $951,683 | $193,753 | 2 | $7,453 |
| 2023 | $232,081 | $837,821 | $684,587 | $190,000 | 1 | $922 |
| 2022 | $104,358 | $72,730 | $202,729 | — | — | — |
| 2021 | $96,036 | $96,036 | — | — | — | — |
About Vineyard Power Development Fund Inc
Based on IRS filings
Vineyard Power Development Fund Inc is a public charity, 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
Leadership & Key People
Officers and directors from IRS filings
Vineyard Power Development Fund Inc is led by Richard Andre, President on every filing since 2021; 2 of 7 officers listed in 2024 are compensated.
Officers on the 2024 filing
Richard Andre
President
On filings since 2021
27 hrs/week
$27K (2022) → $138K (2024)
Michael Jacobs
Chairman
On filings since 2021
0.5 hrs/week
No compensation reported
Ann Berwick
Director
On filings since 2022
0.5 hrs/week
No compensation reported
Jeff Parker
Director
New on the 2024 filing
0.5 hrs/week
No compensation reported
Luke Lefeber
Controller & Renewable Development Manager
New on the 2024 filing
40 hrs/week
$138K (2024)
Rob Hannemann
Treasurer
On filings since 2021
0.5 hrs/week
No compensation reported
William Lake
Clerk
Secretary → Clerk, 2022
On filings since 2021
0.5 hrs/week
No compensation reported
Former officers (1)
- Former: Ron Dagostino (2021–2023) — Past Director
Data from IRS Form 990 filings, 2021–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $138K, to Luke Lefeber (Controller & Renewable Dev. Manager). 2 officers or directors reported compensation on that filing.
Frequently asked questions about Vineyard Power Development Fund Inc
How much does Vineyard Power Development Fund Inc give each year?
Vineyard Power Development Fund Inc gave $194K across 2 grants in 2024, according to its 2024 IRS Form 990. In 2023 it gave $190K across 1 grant.
How large is Vineyard Power Development Fund Inc?
Vineyard Power Development Fund Inc reported $147K in total assets on its 2024 IRS Form 990. Its revenue that year was $956K.
Where does Vineyard Power Development Fund Inc operate?
Vineyard Power Development Fund Inc has awarded grants in Massachusetts.
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.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2023 (received by the IRS May 14, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS May 13, 2025)
- IRS filings on file for fiscal years 2021–2024
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