Totals
- Total revenue
- $2,215,379
- Total expenses
- $3,064,486
- Contributions and grants received
- $2,147,778
- Grants paid
- $87,600
- Program service revenue
- $35,000
- Investment income
- $32,601
- Other revenue
- $0
- Total assets, end of year
- $7,145,334
- Total liabilities, end of year
- $3,871,106
- Net assets or fund balances, end of year
- $3,274,228
- Program services expenses (Part IX)
- $2,154,140
- Management and general expenses
- $463,407
- Fundraising expenses
- $446,939
- Program service expenses (Part III)
- $2,154,140
Program services were 70.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1e · Government grants (contributions)
$1,852,315
-
1f · All other contributions, gifts and grants
$295,463
-
1g · Noncash contributions included above
$5,000
-
2a · Program service revenue: VERTUELAB IMPACT SUMMIT
total $35,000 · related or exempt $35,000
-
3 · Investment income
total $32,601 · related or exempt $23,619 · excluded $8,982
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $87,600 · program services $87,600
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $251,545 · program services $158,950 · management and general $51,929 · fundraising $40,666
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $1,393,391 · program services $880,477 · management and general $287,651 · fundraising $225,263
-
8 · Pension plan contributions
total $28,770 · program services $18,180 · management and general $5,939 · fundraising $4,651
-
9 · Other employee benefits
total $78,585 · program services $49,658 · management and general $16,223 · fundraising $12,704
-
10 · Payroll taxes
total $129,132 · program services $81,598 · management and general $26,658 · fundraising $20,876
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $21,042 · program services $21,042
-
11c · Fees: accounting
total $0
-
11d · Fees: lobbying
total $60,000 · fundraising $60,000
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $431,651 · program services $362,632 · management and general $22,161 · fundraising $46,858
-
12 · Advertising and promotion
total $78,409 · program services $67,551 · management and general $333 · fundraising $10,525
-
13 · Office expenses
total $0
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $54,219 · program services $35,419 · management and general $16,475 · fundraising $2,325
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $16,049 · program services $15,399 · management and general $650
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $3,987 · program services $150 · management and general $3,837
-
24a · Other expenses: IMPAIRMENT OF VALUE
total $271,998 · program services $271,998
-
24b · Other expenses: OPERATING EXPENSES
total $154,718 · program services $18,351 · management and general $134,135 · fundraising $2,232
-
24c · Other expenses: INTERNSHIPS
total $20,349 · program services $20,349
-
24d · Other expenses: IN-KIND
total $5,000 · program services $5,000
-
24e · All other expenses
total -$21,959 · program services $59,786 · management and general -$102,584 · fundraising $20,839
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $5,208,712 · end of year $4,079,644
-
2 · Savings and temporary cash investments
end of year $0
-
3 · Pledges and grants receivable
beginning of year $224,654 · end of year $343,824
-
4 · Accounts receivable
end of year $0
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
beginning of year $14 · end of year $6
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
end of year $8,606
-
10c · Land, buildings and equipment, net
end of year $0
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
beginning of year $1,446,993 · end of year $2,713,254
-
14 · Intangible assets
end of year $0
-
15 · Other assets
end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $138,798 · end of year $312,663
-
19 · Deferred revenue
beginning of year $6,500 · end of year $11,500
-
24 · Unsecured notes and loans payable
beginning of year $2,600,000 · end of year $3,546,943
-
27 · Net assets without donor restrictions
beginning of year $2,354,634 · end of year $1,681,478
-
28 · Net assets with donor restrictions
beginning of year $1,780,441 · end of year $1,592,750
Mission and programs · 2022
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.
-
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.
Expenses $928,155
-
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.
Expenses $891,212
-
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.
Expenses $307,358
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
DAVID KENNEY
PAST EXEC DIR
- Total calculated
- $237,530
- From this org
- $223,206
- From related orgs
- $0
- Other
- $14,324
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $223,206
- Bonus
- not reported
- Other
- not reported
- Deferred
- $8,928
- Nontaxable benefits
- $5,396
- Filer's total
- $237,530
-
JOHANNA BRICKMAN
DEP DIR/IMPACT STR
- Total calculated
- $162,306
- From this org
- $150,875
- From related orgs
- $0
- Other
- $11,431
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $150,875
- Bonus
- not reported
- Other
- not reported
- Deferred
- $6,035
- Nontaxable benefits
- $5,396
- Filer's total
- $162,306
-
MARION VAUGHN
DIR IMPACT INVESTM
- Total calculated
- $155,442
- From this org
- $151,374
- From related orgs
- $0
- Other
- $4,068
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $151,374
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- $4,068
- Filer's total
- $155,442
-
ERIN CLEMENTS
DIR STRATEGIC PART
- Total calculated
- $116,330
- From this org
- $106,667
- From related orgs
- $0
- Other
- $9,663
- Hours/week
- 30
-
HEATHER ANDERSEN
CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
JOE CONNORS
Secretary/Treas
- Total calculated
- $0
- Hours/week
- 2
-
ANNA MCCOY
Director
- Total calculated
- $0
- Hours/week
- 2
-
DENNIS WILDE
Director
- Total calculated
- $0
- Hours/week
- 2
-
MIGUEL SOSSA
Director
- Total calculated
- $0
- Hours/week
- 2
-
CAROL DAHL
Director
- Total calculated
- $0
- Hours/week
- 2
-
KELLY LYONS
Director
- Total calculated
- $0
- Hours/week
- 2
-
JEFF CANIN
Director
- Total calculated
- $0
- Hours/week
- 2
-
AINA ABIODUN
Executive Dir.
- Total calculated
- $0
- Hours/week
- 40
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Form 990 of other organizations
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
-
$25,000
CAPACITY GRANT
-
$25,000
CAPACITY GRANT
-
$10,000
INTERNSHIP GRANT
-
$10,000
INTERNSHIP GRANT
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
VERTUELAB CLIMATE IMPACT FUND I
DEPLOY CAPITAL TO CLIMATE TECHNOLOGY STARTUPS · DE · assets $4,104,040
Directly controlled by VERTUELAB
-
VERTUELAB CLIMATE IMPACT FUND II
DEPLOY CAPITAL TO CLIMATE TECHNOLOGY STARTUPS · DE · assets $251,943
Directly controlled by VERTUELAB
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 6 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202441279349300844
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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