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Vertuelab

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 261652936 ✦ Portland, OR ✦ Designated as a 501(c)(3)

Overview

What is Vertuelab?

Vertuelab, based in Portland, Oregon, is a dedicated nonprofit organization focused on supporting clean tech startups. Their mission is to drive innovation and entrepreneurship, addressing environmental challenges and fostering shared economic prosperity. They offer comprehensive entrepreneurial assistance, including funding and guidance, to help these startups overcome challenges and thrive. Vertuelab's activities extend beyond financial aid, providing holistic support to these emerging companies, thereby empowering them to make significant strides in the field of clean technology. Their headquarters is located at PO Box 212, Portland, OR 97207, and they have a team of 13 individuals committed to their cause.


Official website here: www.vertuelab.org

Is Vertuelab legitimate?

Vertuelab is a legitimate nonprofit organization registered as a 501(c)(3) entity. Vertuelab submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $230,454
Professional Fundraising Fees: $0
Other Salaries and Wages: $818,646

For more financial information, click here


Official website here: www.vertuelab.org

What is the mission statement of Vertuelab?

Vertuelab's mission is centered around fostering innovation and entrepreneurship, specifically in the field of cleantech. Their goal is to address environmental challenges and stimulate shared economic growth. They accomplish this by providing funding and comprehensive entrepreneurial support to these startups. Catalyze Companies, a part of Vertuelab, engages directly with these startups, offering coaching, improving their chances of success. This assistance includes securing funding, gaining support from experienced entrepreneurs, connecting with potential customers, expanding teams, and effectively communicating their stories.


Official website here: www.vertuelab.org

Who is the CEO of Vertuelab?

David Kenney is the Executive Dir. of Vertuelab.


Official website here: www.vertuelab.org

What is the revenue of Vertuelab?

Vertuelab's revenue in 2022 was $2,827,087.


Official website here: www.vertuelab.org

Who are the executives of Vertuelab and what are their salaries?

The average compensation at Vertuelab during 2022 was $80,700. There are 13 employees and 10 volunteers at Vertuelab.

Here are 12 key members and their salaries:

    David Kenney (Executive Dir.)
  • Compensation: $208,357
  • Related: $0
  • Other: $14,081

    • Marion Vaughn (Dir Impact Investm)
  • Compensation: $141,654
  • Related: $0
  • Other: $4,749

    • Johanna Brickman (Dep Dir/Impact Str)
  • Compensation: $126,869
  • Related: $0
  • Other: $11,311

    • Heather Andersen (Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Joe Connors (Secretary/Treas) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Maurice Rahming (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Miguel Sossa (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Anna Mccoy (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Carol Dahl (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Dennis Wilde (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kelly Lyons (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jeff Canin (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.vertuelab.org

    Where can I find the form 990 for Vertuelab?

    The Vertuelab’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.vertuelab.org

    Learn more at the official website: www.vertuelab.org

    Mission Statement of Vertuelab

    Vertuelab, a nonprofit organization, is dedicated to fostering innovation and entrepreneurship with the aim of addressing environmental challenges and promoting shared economic prosperity. At its core, Vertuelab provides funding and comprehensive entrepreneurial support to clean tech startups. Through its programs, the organization engages directly with these startups, offering coaching and assistance to improve their success rates. This support encompasses various aspects, such as helping startups secure funding, gain access to experienced entrepreneurs, connect with potential customers, expand their teams, and effectively communicate their stories. In essence, Vertuelab aims to catalyze the growth of innovative clean tech companies that can contribute to overcoming environmental challenges and driving economic progress.

    Impact

    This information is meant to be a general summary of Vertuelab. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Vertuelab's impact can be seen in its dedication to unleashing innovation and entrepreneurship to address environmental challenges and foster economic prosperity. Through its programs and funding support, Vertuelab has empowered cleantech startups to thrive by providing coaching, access to funding, mentorship from experienced entrepreneurs, opportunities to connect with clients, team expansion, and effective storytelling. By actively engaging with startups and guiding them towards success, Vertuelab has significantly contributed to the growth and success of companies in the clean technology sector. Their efforts not only benefit the individual startups but also contribute positively to the larger goal of creating a more sustainable and prosperous future.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $660,648
  • Program Service Revenue: $44,365
  • Gross Receipts: $2,827,087

    • Assets and Liabilities:
  • Total Assets: $6,880,373
  • Total Liabilities: $2,745,298
  • Net Assets: $4,135,075
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    VERTUELAB IMPACT SUMMIT

    Revenue

    $44,365

    Organization Details

    Founding Year

    2007

    Principal Officer

    David Kenney

    Main Address

    PO Box 212, Portland, OR, 97207

    NTEE Category

    Code: U12 - Science research

    If you are a representative of Vertuelab and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.