VERMONT PUBLIC INTEREST RESEARCH & EDUCATION FUND INC

EIN: 510163801 501(c)(3) Environment

MONTPELIER, VT

Total Revenue
$1,305,212
Total Expenses
$990,686
Total Assets
$1,098,064
Net Assets
$-512,099
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1975
Legal Domicile
VT
Principal Officer
PAUL BURNS
Phone
8022623742
Tax Period
2023-01-01 to 2023-12-31

VERMONT PUBLIC INTEREST RESEARCH & EDUCATION FUND INC, founded in 1975, is a community nonprofit in the Environment sector that reported $1.3M in total revenue in fiscal year 2023. Revenue surged 96% from the prior year, signaling strong growth momentum. The organization ran a surplus of $315K, a strong 24% operating margin.

Mission

IN 1975, THE VERMONT PUBLIC INTEREST RESEARCH AND EDUCATION FUND (VPIREF) WAS ESTABLISHED AS VPIRG'S 501(C)3 OUTREACH AND EDUCATION ARM. VPIREF CONDUCTS INDEPENDENT RESEARCH ON THE TOP CHALLENGES FACING OUR STATE, CRAFTS COMMONSENSE SOLUTIONS, AND MOBILIZES THE PUBLIC THROUGH INNOVATIVE EDUCATIONAL OUTREACH CAMPAIGNS THAT AMPLIFY THE VOICE OF EVERYDAY VERMONTERS OVER WELL-MONEYED SPECIAL INTERESTS THAT TOO OFTEN CORRUPT OUR DEMOCRATIC PROCESSES. VPIREF'S MISSION IS TO PROMOTE AND PROTECT THE HEALTH OF VERMONT'S PEOPLE, ENVIRONMENT, AND LOCALLY-BASED ECONOMY BY INFORMING AND MOBILIZING INDIVIDUALS AND COMMUNITIES ACROSS THE STATE.

Program Service Accomplishments

Program 1
Expenses: $660,460

CLIMATE AND ENERGY:VERMONTERS KNOW THAT WE HAVE A MORAL RESPONSIBILITY TO PROTECT OUR KIDS AND GRANDKIDS FROM THE ENVIRONMENTAL, ECONOMIC, AND SOCIAL HAVOC THAT FOSSIL FUELS ARE WREAKING. VPIREF...

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CLIMATE AND ENERGY:VERMONTERS KNOW THAT WE HAVE A MORAL RESPONSIBILITY TO PROTECT OUR KIDS AND GRANDKIDS FROM THE ENVIRONMENTAL, ECONOMIC, AND SOCIAL HAVOC THAT FOSSIL FUELS ARE WREAKING. VPIREF AGREES WITH THE MAJORITY OF VERMONTERS WHO WANT TO CUT OUR DEPENDENCE ON FOSSIL FUELS AND TAKE CONTROL OF OUR ENERGY FUTURE USING CLEAN, RENEWABLE POWER. VPIREF CONDUCTS INDEPENDENT RESEARCH, PUBLIC EDUCATION, AND GRASSROOTS OUTREACH AIMED AT REDUCING OUR CONTINUED RELIANCE ON FOSSIL FUELS AND OTHER DIRTY ENERGY, AND INSTEAD DRAMATICALLY INCREASE THE USE OF CLEAN, LOCAL, RENEWABLE ENERGY THAT CAN POWER VERMONT'S FUTURE. CONTINUED ON SCHEDULE OIN 2023, VPIREF RAN A CAMPAIGN CALLED MAKE BIG OIL PAY WHICH RAISED AWARENESS OF MAJOR FOSSIL COMPANIES' CONTRIBUTIONS TO CLIMATE CHANGE, THE LOCAL COSTS OF THAT CHANGE, AND THE FACT THAT THOSE COMPANIES HAVE AVOIDED FINANCIAL ACCOUNTABILITY SO FAR. THE CAMPAIGN CONNECTED WITH VERMONTERS THROUGH PUBLIC EVENTS, DOOR-TO-DOOR CANVASSING, ONLINE MARKETING, AND BROADCAST MEDIA. VPIREF ALSO WORKED TO EDUCATE VERMONTERS ON THE NEED TO TRANSITION MORE QUICKLY TO 100% RENEWABLE ELECTRICITY, AND TO GET MORE RENEWABLE ENERGY GENERATION BUILT IN VERMONT.

Program 2
Expenses: $54,668

ZERO WASTE:VPIREF WORKS TO ADVANCE POLICIES AND SOLUTIONS THAT HOLD MANUFACTURERS ACCOUNTABLE FOR THE PRODUCTS THEY PUT INTO OUR ENVIRONMENT AND MOVE US CLOSER TO ZERO WASTE IN VERMONT.

Program 3
Expenses: $121,478

ENVIRONMENTAL HEALTH:VPIREF WORKS TO PROTECT THE PUBLIC HEALTH AND OUR ENVIRONMENT FROM THE HIDDEN DANGERS OF EXPOSURE TO TOXIC CHEMICALS IN OUR EVERYDAY LIVES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,294,549
Program Service Revenue $0
Investment Income $10,663
Other Revenue $0
TOTAL REVENUE $1,305,212

Expense Breakdown

Grants Paid $0
Salaries & Benefits $766,831
Fundraising Expenses $52,485
Program Expenses $896,441
Other Expenses $223,855
TOTAL EXPENSES $990,686

Year-over-Year Comparison

2023 2022 Change
Revenue $1,305,212 $667,207 +1.0%
Expenses $990,686 $615,546 +0.6%
Net Income $314,526 $51,661 +5.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
6
Independent Members
6
Employees
N/A
Volunteers
6

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$125,895
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KATI GALLAGHER PRESIDENT 2.00
Officer Director
$0 $0 $0
FALKO SCHILLING SECRETARY 2.00
Officer Director
$0 $0 $0
MARIANNE BARTON TREASURER 2.00
Officer Director
$0 $0 $0
CREA LINTILHAC TRUSTEE 1.00
Director
$0 $0 $0
BOB BARTON TRUSTEE 1.00
Director
$0 $0 $0
JON ERICKSON TRUSTEE 1.00
Director
$0 $0 $0
PAUL BURNS EXECUTIVE DIRECTOR 20.03
Officer
$51,074 $23,895 $125,895
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $1,305,212 $990,686 $1,098,064 $314,526
2022 $667,207 $615,546 $897,255 $51,661
2021 $1,180,177 $573,723 $967,350 $606,454
2020 $875,075 $884,685 $1,187,652 $-9,610
2018 $835,829 $1,168,999 $722,048 $-333,170
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