Skip to content
Nonprofiteer
← ACTIVATE GLOBAL INC

Form 990 for tax year 2022

Filed by ACTIVATE GLOBAL INC.

Totals

Total revenue
$26,734,894
Total expenses
$19,015,079
Contributions and grants received
$26,596,347
Grants paid
$7,884,550
Program service revenue
$0
Investment income
$129,761
Other revenue
$8,786
Total assets, end of year
$26,386,377
Total liabilities, end of year
$2,206,568
Net assets or fund balances, end of year
$24,179,809
Program services expenses (Part IX)
$13,842,318
Management and general expenses
$4,597,010
Fundraising expenses
$575,751
Program service expenses (Part III)
$13,842,318

Program services were 72.8% 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)

    $8,478,994

  • 1f · All other contributions, gifts and grants

    $18,117,353

  • 3 · Investment income

    total $129,761 · excluded $129,761

  • 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

  • 11a · Other revenue: Rebates And Redemptions

    total $8,786 · excluded $8,786

  • 11e · Other revenue, total

    $8,786

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $3,739,054 · program services $3,739,054

  • 2 · Grants to domestic individuals

    total $4,145,496 · program services $4,145,496

  • 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 $3,274,856 · program services $2,035,727 · management and general $992,580 · fundraising $246,549

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $3,619,046 · program services $1,918,614 · management and general $1,450,232 · fundraising $250,200

  • 8 · Pension plan contributions

    total $53,006 · program services $29,843 · management and general $20,200 · fundraising $2,963

  • 9 · Other employee benefits

    total $285,772 · program services $132,437 · management and general $127,268 · fundraising $26,067

  • 10 · Payroll taxes

    total $425,940 · program services $243,427 · management and general $151,610 · fundraising $30,903

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $78,889 · program services $5,947 · management and general $72,942

  • 11c · Fees: accounting

    total $276,648 · management and general $276,648

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $1,309,482 · program services $468,660 · management and general $840,822

  • 12 · Advertising and promotion

    total $21,784 · program services $15,599 · management and general $6,185

  • 13 · Office expenses

    total $44,387 · program services $28,465 · management and general $15,922

  • 14 · Information technology

    total $311,579 · program services $86,645 · management and general $224,934

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $477,857 · program services $477,561 · management and general $296

  • 17 · Travel

    total $231,167 · program services $135,246 · management and general $90,145 · fundraising $5,776

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $512,809 · program services $362,765 · management and general $137,494 · fundraising $12,550

  • 20 · Interest

    total $6,986 · management and general $6,986

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $24,593 · program services $9,371 · management and general $15,222

  • 23 · Insurance

    total $34,112 · program services $6,411 · management and general $26,958 · fundraising $743

  • 24a · Other expenses: Recruitment and development

    total $136,717 · program services $1,050 · management and general $135,667

  • 24b · Other expenses: Dues and other charges

    total $4,899 · management and general $4,899

  • 24e · All other expenses

    total $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $9,170,559 · end of year $3,488,646

  • 2 · Savings and temporary cash investments

    beginning of year $2,077,552 · end of year $9,974,813

  • 3 · Pledges and grants receivable

    beginning of year $6,050,529 · end of year $10,382,192

  • 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

    end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $433,629 · end of year $962,157

  • 10a · Land, buildings and equipment: cost or other basis

    $120,569

  • 10b · Land, buildings and equipment: accumulated depreciation

    $28,032

  • 10c · Land, buildings and equipment, net

    beginning of year $100,845 · end of year $92,537

  • 11 · Investments: publicly traded securities

    end of year $0

  • 12 · Investments: other securities

    end of year $525,000

  • 13 · Investments: program-related

    beginning of year $50,000 · end of year $50,000

  • 14 · Intangible assets

    beginning of year $10,000 · end of year $9,167

  • 15 · Other assets

    beginning of year $63,051 · end of year $901,865

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,462,838 · end of year $1,282,590

  • 19 · Deferred revenue

    beginning of year $33,333 · end of year $58,333

  • 25 · Other liabilities

    end of year $865,645

  • 27 · Net assets without donor restrictions

    beginning of year $4,681,704 · end of year $8,075,765

  • 28 · Net assets with donor restrictions

    beginning of year $11,778,290 · end of year $16,104,044

Mission and programs · 2022

Mission

The mission of Activate Global, Inc. is to empower scientists to reinvent our world by bringing their research to market.

Activities or mission (Part I)

Activate empowers scientists to reinvent the world by bringing their research to market. Activate partners with U.S.-based funders, research institutions, and other pillars of the hard technology community to help entrepreneurial scientists translate their breakthrough ideas into commercial solutions.

  • THE ORGANIZATION WORKS BETWEEN GOVERNMENT AND THE PRIVATE SECTOR, TRANSFORMING SCIENTISTS INTO HIGH-IMPACT ENTREPRENEURS THROUGH A FELLOWSHIP EXPERIENCE THAT GUIDES THEM ALONG EVERY STEP OF THE JOURNEY. THE ORGANIZATION PROVIDES THESE INNOVATORS WITH ESSENTIAL STRATEGIC GUIDANCE AND SERVICES, EDUCATIONAL PROGRAMMING, AND ACCESS TO A TAILORED NETWORK OF SCIENTIFIC AND BUSINESS MENTORS AND ADVISORS. TODAY, THE ORGANIZATION SUPPORTS ACTIVATE FELLOWS THROUGH ITS BERKELEY, BOSTON, NEW YORK, AND ANYWHERE COMMUNITIES. IN 2023 WE LAUNCHED A PROGRAM IN HOUSTON AND WILL BEGIN SUPPORTING FELLOWS IN HOUSTON STARTING IN JUNE 2024. SINCE 2015, ACTIVATE FELLOWS HAVE LAUNCHED 144 NEW COMPANIES. THE ORGANIZATION CONTINUES TO FOCUS ON EXPANDING ITS FELLOWSHIP PROGRAM AND ATTRACTING THE FUNDS NEEDED TO DO SO. BY 2028, THE ORGANIZATION AIMS TO IDENTIFY AND SUPPORT 100 NEW ACTIVATE FELLOWS EVERY YEAR IN ADDITIONAL LOCATIONS.

    Expenses $13,842,318 · Grants $7,884,550

As filed on the 2022 return.

Listed in Part VII

  • Ilan Gur

    CEO

    Total calculated
    $400,698
    From this org
    $389,884
    From related orgs
    $0
    Other
    $10,814
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $389,884
    Bonus
    not reported
    Other
    not reported
    Deferred
    $6,649
    Nontaxable benefits
    $4,165
    Filer's total
    $400,698

  • Matthew Price

    President, CFO

    Total calculated
    $356,239
    From this org
    $314,660
    From related orgs
    $0
    Other
    $41,579
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $314,660
    Bonus
    not reported
    Other
    not reported
    Deferred
    $9,479
    Nontaxable benefits
    $32,100
    Filer's total
    $356,239

  • Aimee Rose

    EXECUTIVE MANAGING DIRECTOR

    Total calculated
    $304,538
    From this org
    $285,037
    From related orgs
    $0
    Other
    $19,501
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $285,037
    Bonus
    not reported
    Other
    not reported
    Deferred
    $6,875
    Nontaxable benefits
    $12,626
    Filer's total
    $304,538

  • Karin D Lion

    CHF GROWTH & PARTNERSHIP OFCR

    Total calculated
    $283,141
    From this org
    $274,663
    From related orgs
    $0
    Other
    $8,478
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $274,663
    Bonus
    not reported
    Other
    not reported
    Deferred
    $6,935
    Nontaxable benefits
    $1,543
    Filer's total
    $283,141

  • Robert T Johnson

    BD SEC, INT CEO

    Total calculated
    $254,983
    From this org
    $253,938
    From related orgs
    $0
    Other
    $1,045
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $253,938
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $1,045
    Filer's total
    $254,983

  • Hannah K Murnen

    MANAGING DIRECTOR-AG ANYWHERE

    Total calculated
    $252,449
    From this org
    $232,784
    From related orgs
    $0
    Other
    $19,665
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $232,784
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $19,665
    Filer's total
    $252,449

  • Ranulfo D Allen

    MANAGING DIRECTOR-AG BOSTON

    Total calculated
    $246,405
    From this org
    $227,838
    From related orgs
    $0
    Other
    $18,567
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $227,838
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $18,567
    Filer's total
    $246,405

  • Steven H Tran

    VP, Finance & Contracts

    Total calculated
    $245,562
    From this org
    $219,943
    From related orgs
    $0
    Other
    $25,619
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $219,943
    Bonus
    not reported
    Other
    not reported
    Deferred
    $6,645
    Nontaxable benefits
    $18,974
    Filer's total
    $245,562

  • Andrew R Chang

    MANAGING DIRECTOR-AG NEW YORK

    Total calculated
    $233,589
    From this org
    $231,917
    From related orgs
    $0
    Other
    $1,672
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $231,917
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $1,672
    Filer's total
    $233,589

  • Thomas R Boussie

    MANAGING DIRECTOR-AG BERKELEY

    Total calculated
    $226,649
    From this org
    $202,131
    From related orgs
    $0
    Other
    $24,518
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $202,131
    Bonus
    not reported
    Other
    not reported
    Deferred
    $4,730
    Nontaxable benefits
    $19,788
    Filer's total
    $226,649

  • Brenna H Teigler

    Chief Fellowship Officer

    Total calculated
    $195,576
    From this org
    $174,975
    From related orgs
    $0
    Other
    $20,601
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $174,975
    Bonus
    not reported
    Other
    not reported
    Deferred
    $4,150
    Nontaxable benefits
    $16,451
    Filer's total
    $195,576

  • Sara Morrill

    EDUCATION DIRECTOR

    Total calculated
    $186,424
    From this org
    $162,362
    From related orgs
    $0
    Other
    $24,062
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $162,362
    Bonus
    not reported
    Other
    not reported
    Deferred
    $1,103
    Nontaxable benefits
    $22,959
    Filer's total
    $186,424

  • Karen M Krause-Bencal

    VP DEFENSE INNOVATION

    Total calculated
    $184,963
    From this org
    $180,098
    From related orgs
    $0
    Other
    $4,865
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $180,098
    Bonus
    not reported
    Other
    not reported
    Deferred
    $1,063
    Nontaxable benefits
    $3,802
    Filer's total
    $184,963

  • David Merkoski

    CREATIVE DIRECTOR

    Total calculated
    $165,969
    From this org
    $134,404
    From related orgs
    $0
    Other
    $31,565
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $134,404
    Bonus
    not reported
    Other
    not reported
    Deferred
    $2,848
    Nontaxable benefits
    $28,717
    Filer's total
    $165,969

  • Philip J Loew

    SENIOR DIRECTOR, EXPANSION

    Total calculated
    $165,242
    From this org
    $157,096
    From related orgs
    $0
    Other
    $8,146
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $157,096
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $8,146
    Filer's total
    $165,242

  • Dustin L Frazier

    DATA SOL ARCHITECT

    Total calculated
    $161,023
    From this org
    $127,569
    From related orgs
    $0
    Other
    $33,454
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $127,569
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $33,454
    Filer's total
    $161,023

  • Erin D Lindgren

    STRAT PART MANAGER

    Total calculated
    $147,649
    From this org
    $144,000
    From related orgs
    $0
    Other
    $3,649
    Hours/week
    40

  • Naomi Baer

    COO

    Total calculated
    $141,821
    From this org
    $131,827
    From related orgs
    $0
    Other
    $9,994
    Hours/week
    40

  • Cortney Y Newell

    DIR PHIL PART

    Total calculated
    $140,315
    From this org
    $131,865
    From related orgs
    $0
    Other
    $8,450
    Hours/week
    40

  • Liesl Schindler

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Gabriel Kra

    BOARD TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Matt Rogers

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Morry Cater

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Troy Brewster

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Liesel Pritzker Simmons

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Nicole Systrom

    Board Member

    Total calculated
    $0
    Hours/week
    1

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

  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 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

The filer's explanations (Part III)

Part I, Line 1a: Relevant information in regards to selections on 1a.

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

The 10 largest by cash amount. The API serves every itemized 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.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • ACTIVATE FINANCE CORP PBC

    C · SCIENTIFIC SUPPORT · CA · 100% owned · share of income $23 · share of assets $45,244 · controlled entity

    Directly controlled by Activate Global Inc

Provenance

Return type
form_990
Tax year
2022
Filed
13 May 2024
IRS schema version
2022v5.0
Source object
202441349349307519

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.