2024-05-06T11:03:28-07:00 2023-06-30 931157146 Kern & Thompson LLC 1800 SW First Avenue Suite 410 Portland OR 97201 990 2022-07-01 261652936 VertueLab VERT 9717702378 PO Box 212 Portland OR 97207 AINA ABIODUN Executive Director 2024-05-06 true AINA ABIODUN 999009999 true Cheryl L Morgan CPA P00168869 5032223338 X 2 AAL1 IAL1 FAL1 2022 2023-04-26 12:10:37Z AINA ABIODUN PO Box 212 Portland OR 97207 2215379 false X VERTUELAB.ORG X 2007 OR TO UNLEASH INNOVATION AND ENTREPRENEURSHIP THAT WILL SOLVE ENVIRONMENTAL CHALLENGES AND CATALYZE SHARED ECONOMIC PROSPERITY. PROVIDE FUNDING AND HOLISTIC ENTREPRENEURIAL SUPPORT TO CLEANTECH STARTUPS. 8 8 21 15 0 2122074 2147778 44365 35000 660648 32601 0 2827087 2215379 29103 87600 0 1229299 1881423 0 446939 624679 1095463 1883081 3064486 944006 -849107 6880373 7145334 2745298 3871106 4135075 3274228 X TO UNLEASH INNOVATION AND ENTREPRENEURSHIP THAT WILL SOLVE ENVIRONMENTAL CHALLENGES AND CATALYZE SHARED ECONOMIC PROSPERITY. 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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. 307358 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. 27415 2154140 true true false true false false false false false false false false true false false false false false false false false false false false false false false true false true false false false false false false false false false false false false true false false false false true 15 0 true 21 true false false false false false false false 0 false false false false false false false X 8 8 true false false false false false false true true false false true true true true true true true true false OR X AINA ABIODUN 9717702378 PO BOX 212 PORTLAND OR 97207 DAVID KENNEY PAST EXEC DIR 40.00 0.00 X 223206 0 14324 JOHANNA BRICKMAN DEP DIR/IMPACT STR 40.00 0.00 150875 0 11431 MARION VAUGHN DIR IMPACT INVESTM 40.00 0.00 151374 0 4068 ERIN CLEMENTS DIR STRATEGIC PART 30.00 0.00 106667 0 9663 HEATHER ANDERSEN CHAIR 2.00 0.00 X X 0 0 0 JOE CONNORS Secretary/Treas 2.00 0.00 X X 0 0 0 ANNA MCCOY Director 2.00 0.00 X 0 0 0 DENNIS WILDE Director 2.00 0.00 X 0 0 0 MIGUEL SOSSA Director 2.00 0.00 X 0 0 0 CAROL DAHL Director 2.00 0.00 X 0 0 0 KELLY LYONS Director 2.00 0.00 X 0 0 0 JEFF CANIN Director 2.00 0.00 X 0 0 0 AINA ABIODUN Executive Dir. 40.00 0.00 X 0 0 0 632122 39486 4 false true false 0 1852315 295463 5000 2147778 VERTUELAB IMPACT SUMMIT 541700 35000 35000 35000 32601 23619 8982 0 0 0 0 0 0 0 0 2215379 58619 8982 X 87600 87600 0 0 0 251545 158950 51929 40666 0 1393391 880477 287651 225263 28770 18180 5939 4651 78585 49658 16223 12704 129132 81598 26658 20876 0 21042 21042 0 60000 60000 0 0 431651 362632 22161 46858 78409 67551 333 10525 0 0 0 0 54219 35419 16475 2325 0 16049 15399 650 0 0 0 3987 150 3837 IMPAIRMENT OF VALUE 271998 271998 OPERATING EXPENSES 154718 18351 134135 2232 INTERNSHIPS 20349 20349 IN-KIND 5000 5000 -21959 59786 -102584 20839 3064486 2154140 463407 446939 5208712 4079644 0 224654 343824 0 0 0 14 6 0 8606 0 0 0 1446993 2713254 0 0 6880373 7145334 138798 312663 6500 11500 2600000 3546943 2745298 3871106 X 2354634 1681478 1780441 1592750 4135075 3274228 6880373 7145334 -849107 -11740 X false true X true false X 1641237 2278869 2265348 2827088 2215379 11227921 0 0 1641237 2278869 2265348 2827088 2215379 11227921 0 11227921 13650 14616 4695 8892 41853 0 2752 2752 11272526 961065 0.99600 0.99600 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false 60000 60000 2993498 3053498 302675 75669 false 237535 225470 1883081 2993498 5339584 8009376 60000 60000 59384 56368 61039 60000 236791 355187 2713254 2203639 -11740 -11740 2215379 2215379 3064486 3064486 3064486 true BEYOND TOXICS PO BOX 1106 EUGENE OR 97440 931294227 25000 0 CAPACITY GRANT ONBOARD DYNAMICS 62958 LAYTON AVE SUITE 2 BEND OR 97701 881171957 10000 0 INTERNSHIP GRANT SKIP TECHNOLOGIES 2113 SE 7TH AVENUE PORTLAND OR 97214 824612739 10000 0 INTERNSHIP GRANT WARM SPRINGS COMMUNITY ACTION 1136 PAIUTE AVENUE BOX 1419 WARM SPRINGS OR 97761 161633303 25000 0 CAPACITY GRANT 0 4 Grantmaker's Description of How Grants are Used A DESCRIPTION OF THE ORGANIZATION'S PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS IS AS FOLLOWS:VERTUELAB EXECUTES A STATEMENT OF WORK (SOW) FOR EACH GRANT THAT IT AWARDS. THE ORGANIZATION ALSO MONITORS THE USE OF GRANT FUNDS THROUGH A STRUCTURED PROCESS INVOLVING PROJECT PROGRESS, AND A FINAL EVALUATION. THE ORGANIZATION CONSIDERS SIGNIFICANT RESULTS AS WELL AS SIGNIFICANT OBSTACLES TO COMPLETING THE GRANT OBJECTIVES. X X false false false false false false false false false DAVID KENNEY PAST EXEC DIR 223206 8928 5396 237530 JOHANNA BRICKMAN DEP DIR/IMPACT STR 150875 6035 5396 162306 MARION VAUGHN DIR IMPACT INVESTM 151374 4068 155442 Form 990, Part III, Line 4d OTHER PROGRAM SERVICES 4: FUEL- AS PART OF ITS ENVIRONMENTAL AND SOCIAL IMPACT ACTIVITY, VERTUELAB HOSTS FUEL, AN ANNUAL SUMMIT THAT BRINGS TOGETHER A COMMUNITY OF FUTURE-FOCUSED LEADERS, INNOVATORS, ENTREPRENEURS, AND INVESTORS TO CATALYZE SOLUTIONS FOR CLIMATE CHANGE. Form 990, Part VI, Section A, Line 2 SOME OF VERTUELAB'S BOARD MEMBERS MAY HAVE BUSINESS DEALINGS WITH ONE ANOTHER. Form 990, Part VI, Section B, Line 11b THE FORM 990 IS REVIEWED BY THE EXECUTIVE DIRECTOR AND THE EXECUTIVE COMMITTEE OF THE BOARD, AND MADE AVAILABLE TO ENTIRE BOARD TO REVIEW PRIOR TO FILING. Form 990, Part VI, Section B, Line 12c BOARD MEMBERS RECEIVE A COPY OF THE CONFLICT OF INTEREST POLICY AT THE BEGINNING OF THEIR TERM. THE POLICY REQUIRES THEM TO DISCLOSE ANY CONFLICT OF INTEREST. BOARD MEMBERS COMPLETE AN ANNUAL DISCLOSURE FORM THAT LISTS EMPLOYER AND ANY KNOWN CONFLICTS. BOARD MEETING AGENDAS INCLUDE A NOTE REMINDING BOARD MEMBERS TO DISCLOSE POTENTIAL CONFLICTS Form 990, Part VI, Section B, Line 15b THE BOARD REVIEWS COMPENSATION OF EXECUTIVE DIRECTOR AND SEEKS COMPARABILITY DATA. Form 990, Part VI, Section C, Line 19 REASONABLE REQUESTS FOR FINANCIAL STATEMENTS AND GOVERNING DOCUMENTS ARE FURNISHED UPON REQUEST AT THE OFFICES OF VERTUELAB. 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