NonprofitsVertuelab

Science & Technology

Vertuelab

PORTLAND, OR

Total revenue

$1.7M

Total expenses

$2.7M

Net assets

$2.4M

Grants received

$1.7M

30 grants

EIN

261652936

Tax year

2023

Mission

To unleash innovation and entrepreneurship that will solve environmental challenges and catalyze shared economic prosperity. Provide funding and holistic entrepreneurial support to cleantech startups.

Programs

2 programs

Just future climate labs -just future climate labs (jfc labs) serves as an experimental initiative focused on designing and piloting programs that advances a radically inclusive climate tech future. Jfc labs is rooted in place-based innovation and equity-centered practice, and serves as a hub for research, field-building, and strategic experimentation around inclusive climate solutions. Through this work, the organization explores and reports on the evolving needs of the climate tech sector, identifying opportunities for the region to approach innovation and support differently.

Expenses: $369K

Impact funds -impact fund is focused addressing the need for improved access to capital for early stage cleantech ventures and increasing the base of risk capital available in the region. The organization also raised capital for and initiated investment activities from climate impact fund that provides risk-tolerant capital to startups from the united states and canada working to address the global climate crisis.

Expenses: $317K

Financials

FY 2023

Revenue

Contributions & grants$1.7M
Program service revenue$31K
Investment income$20K
Other revenue
Total revenue$1.7M

Expenses

Grants paid$411K
Salaries & benefits$1.5M
Fundraising$266K
Other expenses$774K
Total expenses$2.7M
Total assets$6.0M
Net assets$2.4M

People

14 listed

NameRoleCompensation

AINA ABIODUN

Executive Dir.

Board

$143K

40 hrs/wk

DAVID KENNEY

PAST EXEC DIR

Board

$74K

40 hrs/wk

HEATHER ANDERSEN

CHAIR

Board

2 hrs/wk

JOSEPH CONNORS

Secretary/Treas

Board

2 hrs/wk

KELLY LYONS

Director

Board

2 hrs/wk

CAROL DAHL

Director

Board

2 hrs/wk

JEFF CANIN

Director

Board

2 hrs/wk

MIGUEL SOSSA

Director

Board

2 hrs/wk

ALLISON ARNOLD

Director

Board

2 hrs/wk

RACHEL JAGODA-BRUNETTE

Director

Board

2 hrs/wk

LEM WHITE

Director

Board

2 hrs/wk

KEN VAUGHN

DIR IMPACT INVEST

Staff

$150K

40 hrs/wk

JUAN BARRAZA

DIR INNOV & ENTR

Staff

$134K

40 hrs/wk

FELICIA KANG

DIR FINANCE & OPER

Staff

$108K

40 hrs/wk

Grants received

Showing 30 of 30

FromAmountPurposeYear
$25K
GENERAL OPERATING (ROSE GRANT)
2024
$10K
GENERAL SUPPORT
2024
$7K
VertueLab's 45Camp Learning Management System
2024
$251K
Economic Development
2023
$90K
FOR GENERAL OPERATING SUPPORT.
2023
$88K
For grant recipient's exempt purposes
2023
$48K
SUPPORT OPERATIONS AND PROGRAMS TO IMPROVE ACCESS TO AND INVESTMENT IN CLIMATE TECH SOLUTIONS LED BY FRONTLINE COMMUNITIES IN OREGON
2023
$34K
Economic Development
2023
$20K
CBA supplemental grant
2023
$10K
GENERAL SUPPORT
2023
$5K
Frontline Community Deployment Program
2023
$5K
BUILDING VERTUELAB'S CAPACITY TO SUPPORT ENTREPRENEURS IN FRONTLINE COMMUNITIES
2023
$134K
For grant recipient's exempt purposes
2022
$84K
To strengthen diversity, equity, and inclusion capacity and grow efforts to support green technology entrepreneurs of color and capital support for climate-focused new technologies
2022
$36K
Economic Development
2022
$35K
SUPPORT OF VENTURE PARTNERS SIX-MONTH PILOT OF THE FELLOWSHIP FUND, A VENTURE CAPITAL EDUCATION, PRACTICAL SKILLS TRAINING, AND CAREER DEVELOPMENT PROGRAM HELPING INDIVIDUALS FROM UNDERSERVED, DIVERSE, AND MINORITY BACKGROUNDS BREAK INTO THE VENTURE CAPITAL ECOSYSTEM.
2022
$8K
Accelerating Black Entrepreneurs in Climate Tech
2022
$7K
GENERAL SUPPORT
2022
$131K
For grant recipient's exempt purposes
2021
$131K
For grant recipient's exempt purposes
2021
$84K
To strengthen VertueLab's diversity, equity and inclusion capacity and expand their support for green technology entrepreneurs of color including providing capital for climate-focused new technologies
2021
$75K
PUBLIC, SOCIETAL BENEFIT
2021
$101K
To strengthen VertueLab's diversity, equity and inclusion capacity and expand their support for green technology entrepreneurs of color including providing capital for climate-focused new technologies
2020
$100K
MISSION RELATED INV
2020
$100K
FOR RECIPIENT'S EXEMPT PURPOSE
2020
$25K
Economic Development
2020
$9K
GENERAL SUPPORT
2020
$3K
TO SUPPORT THE VIRTUAL FUEL 2020 CONFERENCE SEPTEMBER 9-25, 2020.
2020

Funded by

$1.7M from 15 funders · 30 grants · 2020–2024

Fidelity Investments Charitable Gift Fund

$484K · 4 grants · 2021–2023

The Oregon Community Foundation

$312K · 3 grants · 2020–2023

Meyer Memorial Trust

$269K · 3 grants · 2020–2022

The Lemelson Foundation

$128K · 3 grants · 2020–2023

The Community Foundation of Utah

$100K · 1 grant · 2020

Washington State Microenterprise

$73K · 2 grants · 2023–2024

Details

EIN261652936
NTEE codeU12
Subsection03
Ruling date2008-10
Formed2007
Employees13
Volunteers18
VERTUELAB — Mission, Financials & Grants Received | Grantivo