EIN 26-1652936

VertueLab

IRS 501(c) type
501(c)(3)
Num. employees
21
State
Year formed
2007
Most recent tax filings
2023-06-01
Description
VertueLab funds and supports cleantech startups in Portland, fostering innovation to address environmental issues and promote shared economic prosperity.
Also known as...
Oregon Built Environment and Sustainable Technologies Center
Total revenues
$2,215,379
2023
Total expenses
$3,064,486
2023
Total assets
$7,145,334
2023
Num. employees
21
2023

Program areas at VertueLab

Catalyze impact encompasses activities focused on measuring and managing the social, economic, and environmental impact of Vertuelab's pipeline companies, and their portfolio companies, increasing the impact of innovation, and convening the cluster to increase impact, plan for and verify maximum triple-bottom-line impact: impact measurement, dei strategy & practice, and innovation implemented.
Catalyze capital is focused on 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 a climate impact fund that provides risk-tolerant capital to startups from the united states and canada working to address the global climate crisis.
Catalyze companies is focused on direct engagement with early-stage innovators and startup companies developing technologies that address environmental challenges to provide coaching and support, improving their success. On a limited basis the organization also helps companies from other technology sectors. During the fiscal year, the organization connects startup companies to potential private investors, hosts a 18-week program delivering mentorship, helps companies apply for federal sbir/sttr funding, funds interns to work at startup companies, and helps to showcase startup companies to investors and partners at major events. The organization also matches college students with paid summer internships at startups they support.

Grants made by VertueLab

GranteeGrant descriptionAmount
Warm Springs Community Action TeamCapacity Grant$25,000
Beyond ToxicsCapacity Grant$25,000

Who funds VertueLab

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Fidelity Investments Charitable Gift FundFor Grant Recipient's Exempt Purposes$134,000
Meyer Memorial Trust (MMT)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$83,591
The Oregon Community FoundationEconomic Development$35,500
...and 5 more grants received

Personnel at VertueLab

NameTitleCompensation
Aina AbiodunPresident and Executive Director$0
Felicia KangDirector of Finance and Operations
Ken VaughnDirector of Impact Investments$137,669
Juan BarrazaDirector of Innovation and
Marion VaughnDirector Impact Investm$151,374
...and 10 more key personnel

Financials for VertueLab

RevenuesFYE 06/2023
Total grants, contributions, etc.$2,147,778
Program services$35,000
Investment income and dividends$32,601
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$2,215,379

Form 990s for VertueLab

Fiscal year endingDate received by IRSFormPDF link
2023-062024-05-06990View PDF
2022-062023-05-08990View PDF
2021-062022-05-11990View PDF
2020-062021-05-28990View PDF
2019-062020-11-25990View PDF
...and 9 more Form 990s
Data update history
October 15, 2024
Updated personnel
Identified 3 new personnel
August 8, 2024
Posted financials
Added Form 990 for fiscal year 2023
May 18, 2024
Received grants
Identified 1 new grant, including a grant for $83,591 from Meyer Memorial Trust (MMT)
January 3, 2024
Received grants
Identified 3 new grant, including a grant for $35,500 from The Oregon Community Foundation
December 17, 2023
Updated personnel
Identified 3 new personnel
Nonprofit Types
Grantmaking organizationsSocial advocacy organizationsResearch centersCharities
Issues
Science and technology
Characteristics
Conducts researchLobbyingState / local levelReceives government fundingTax deductible donationsAccepts online donations
General information
Address
PO Box 212
Portland, OR 97207
Metro area
Portland-Vancouver-Hillsboro, OR-WA
County
Multnomah County, OR
Website URL
vertuelab.org/ 
Phone
(971) 770-2378
IRS details
EIN
26-1652936
Fiscal year end
June
Taxreturn type
Form 990
Year formed
2007
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
U12: Science and Technology Fund Raising and Fund Distribution
NAICS code, primary
813319: Social Advocacy Organizations
Parent/child status
Independent
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