2025-05-13T10:07:15-07:00 2024-06-30 931157146 KERN & THOMPSON LLC 1800 SW FIRST AVE STE 410 PORTLAND OR 97201 990 2023-07-01 261652936 VertueLab VERT 9717702378 PO Box 212 Portland OR 97207 AINA ABIODUN Executive Director 2025-05-12 true true Kristin L Brooks CPA P02397432 5032223338 X 2023 2025-03-06 01:10:19Z AINA ABIODUN PO Box 212 Portland OR 97207 1737181 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. 10 10 13 18 0 2147778 1686553 35000 30552 32601 20076 0 2215379 1737181 87600 410588 0 1881423 1510717 0 265780 1095463 774192 3064486 2695497 -849107 -958316 7145334 5987072 3871106 3540384 3274228 2446688 X TO UNLEASH INNOVATION AND ENTREPRENEURSHIP THAT WILL SOLVE ENVIRONMENTAL CHALLENGES AND CATALYZE SHARED ECONOMIC PROSPERITY. PROVIDE FUNDING AND HOLISTIC ENTREPRENEURIAL SUPPORT TO CLEANTECH STARTUPS. false false 1372230 391588 VERTUELAB WORKS DIRECTLY WITH EARLY-STAGE STARTUPS AND INNOVATIONS FOCUSED ON SOLVING ENVIRONMENTAL CHALLENGES BY PROVIDING COACHING, MENTORSHIP, AND RESOURCES THAT IMPROVE STARTUP SUCCESS, ESPECIALLY IN THE CLIMATE TECH SPACE. ON A LIMITED BASIS THE ORGANIZATION ALSO HELPS COMPANIES FROM OTHER TECHNOLOGY SECTORS. DURING THE FISCAL YEAR, THE ORGANIZATION CONNECTS STARTUP COMPANIES AND POTENTIAL PRIVATE INVESTORS, PROVIDED GUIDANCE ON FEDERAL SBIR/STTR FUNDING APPLICATIONS, AND DELIVERED ON BUSINESS ACCELERATOR PROGRAMS. VERTUELAB PROGRAMS INCLUDE: 45CAMP, A CLIMATE TECHNOLOGY STARTUP PROGRAM DESIGNED TO UNDERINVESTED ENTREPRENEURS. THE PROGRAM CONSISTS OF A THREE-DAY WORKSHOP, A TEN-WEEK PRE-ACCELERATOR, AND A TEN-WEEK ACCELERATOR.FEDERAL FUNDING ASSISTANCE, A PROGRAM THAT HELPS EARLY-STAGE COMPANIES PURSUE FEDERAL FUNDING OPPORTUNITIES, INCLUDING SBIR AND STTR GRANTS.CASCADIA CLEANTECH ACCELERATOR, AN 18-WEEK BUSINESS ACCELERATOR THAT PROVIDES MENTORSHIP, CURRICULUM, INVESTOR CONNECTIONS, AND FUNDING SUPPORT TO EARLY-STAGE CLEANTECH STARTUPS. 369228 30522 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. 316817 133335 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. 46020 2104295 true true false true false false false false false false false false true false false false false true false false false false false false false false false true true true false false false false false false false false false false false false true false false false false true 21 0 true 13 true false false false false false false false 0 false false false false false false false X 10 10 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 KEN VAUGHN DIR IMPACT INVEST 40.00 0.00 150338 0 0 AINA ABIODUN Executive Dir. 40.00 0.00 X 143333 0 3685 JUAN BARRAZA DIR INNOV & ENTR 40.00 0.00 134330 0 9334 FELICIA KANG DIR FINANCE & OPER 40.00 0.00 107890 0 10633 DAVID KENNEY PAST EXEC DIR 40.00 0.00 X 74392 0 2338 HEATHER ANDERSEN CHAIR 2.00 0.00 X X 0 0 0 JOSEPH CONNORS Secretary/Treas 2.00 0.00 X X 0 0 0 KELLY LYONS Director 2.00 0.00 X 0 0 0 CAROL DAHL Director 2.00 0.00 X 0 0 0 JEFF CANIN Director 2.00 0.00 X 0 0 0 MIGUEL SOSSA Director 2.00 0.00 X 0 0 0 ALLISON ARNOLD Director 2.00 0.00 X 0 0 0 RACHEL JAGODA-BRUNETTE Director 2.00 0.00 X 0 0 0 LEM WHITE Director 2.00 0.00 X 0 0 0 610283 25990 4 false true false 0 1027941 658612 1686553 VERTUELAB IMPACT SUMMIT 541700 30552 30552 30552 20076 20076 0 0 0 0 0 0 0 0 1737181 30552 20076 391588 391588 19000 19000 0 0 196730 138466 36672 21592 0 1129121 807685 195734 125702 28006 19712 5220 3074 47762 33617 8903 5242 109098 76787 20336 11975 0 5571 5571 0 55000 55000 0 0 268137 217704 19366 31067 21209 18338 1746 1125 0 0 0 0 48976 42371 3856 2749 0 46830 45309 1521 0 0 0 0 IMPAIRMENT OF VALUE 200000 200000 OPERATING EXPENSES 55356 44337 9440 1579 OVERHEAD ALLOCATION 50613 43810 128 6675 PASSTHROUGH GRANTS 22500 22500 0 2695497 2104295 325422 265780 4079644 363426 2396901 343824 243396 0 0 0 6 14 0 8606 0 0 0 0 2713254 2983335 0 0 7145334 5987072 312663 197166 11500 148218 3546943 3195000 3871106 3540384 X 1681478 987280 1592750 1459408 3274228 2446688 7145334 5987072 -958316 130776 X false true X true false X 2278869 2265348 2827088 2215379 1686553 11273237 0 0 2278869 2265348 2827088 2215379 1686553 11273237 665981 10607256 14616 4695 8892 20076 48279 0 2752 2752 11324268 928617 0.93670 0.99600 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false 55000 55000 2634429 2689429 284471 71118 false 225470 1883081 2993498 284471 5386520 8079780 60000 55000 115000 56368 61039 75669 71118 264194 396291 2983335 1872957 130776 5000 135776 1737181 1737181 2700497 5000 5000 2695497 2695497 true CLEAN TECH ALLIANCE 1301 FIFTH AVENUE STE 1500 SEATTLE WA 98101 320199835 501(C)(6) 97600 0 LATINO FOUNDERS 2155 SE 7TH AVE PORTLAND OR 97214 923521165 501(C)(3) 180000 0 FISCAL SPONSORSHIP WASHINGTON CLEAN ENERGY TESTB 4625 UNION BAY PL NE SEATTLE WA 98105 113988 0 1 2 TECHNOLOGY STARTUP FUNDING 10 19000 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 KEN VAUGHN DIR IMPACT INVEST 150338 150338 Form 990, Part III, Line 4d OTHER PROGRAM SERVICES 4: FUEL- AS PART OF ITS BROADER ENVIRONMENTAL AND SOCIAL IMPACT EFFORTS, THE ORGANIZATION ALSO HOSTS FUEL, AN ANNUAL SUMMIT THAT CONVENES CLIMATE-FOCUSED LEADERS, INNOVATORS, ENTREPRENEURS, AND INVESTORS. FUEL PROVIDES A PLATFORM TO CATALYZE SOLUTIONS TO THE CLIMATE CRISIS AND FOSTER CROSS-SECTOR COLLABORATION, WHILE ALSO ADVANCING CONVERSATIONS AROUND INCLUSIVE INNOVATION, CAPITAL ACCESS, AND SYSTEMS-LEVEL CHANGE IN THE CLIMATE TECH SPACE. 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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