Nonprofit · EIN 26-1652936
VERTUELAB
Tax-exempt · PORTLAND, OR 97207
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $1,997,887 | $2,101,998 | -$104,111 | $5,787,849 | $3,445,272 | $2,342,577 |
| June 30, 2024 | 990 | $1,737,181 | $2,695,497 | -$958,316 | $5,987,072 | $3,540,384 | $2,446,688 |
| June 30, 2023 | 990 | $2,215,379 | $3,064,486 | -$849,107 | $7,145,334 | $3,871,106 | $3,274,228 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $1,940,228
- of which government grants
- $1,460,476
- Program service revenue
- $0
- Investment income
- $57,659
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $110,608
- Compensation of officers, directors and key employees
- $190,327
- Other salaries and wages
- $762,073
- Salaries, compensation and benefits (total)
- $1,092,766
- Professional fundraising fees
- $0
- Legal fees
- $38,057
- Travel
- $43,916
- Program services (functional)
- $1,575,535
- Management and general (functional)
- $249,829
- Fundraising (functional)
- $276,634
Balance sheet and other
- Total assets, start of year
- $5,987,072
- Total assets, end of year
- $5,787,849
- Total liabilities, end of year
- $3,445,272
- Net assets, end of year
- $2,342,577
- Publicly traded securities
- $257,066
- Net assets without donor restrictions
- $690,880
- Net assets with donor restrictions
- $1,651,697
- Gross receipts
- $1,997,887
- Employees
- 13
- Volunteers
- 18
- Year formed
- 2007
- State of legal domicile
- OR
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| AINA ABIODUN | Executive Dir. Officer | 40 | $192,992 | $6,992 |
| FELICIA KANG | DIR FINANCE & OPER | 40 | $123,750 | $11,942 |
| HEATHER ANDERSEN | Chair Trustee or director, Officer | 2 | $0 | $0 |
| LEM WHITE | Co-Chair Trustee or director, Officer | 2 | $0 | $0 |
| JINNY JEONG | Secretary Trustee or director, Officer | 2 | $0 | $0 |
| STEVE WINKELMAN | Treasurer Trustee or director, Officer | 2 | $0 | $0 |
| JEFF CANIN | Director Trustee or director | 2 | $0 | $0 |
| MIGUEL SOSSA | Director Trustee or director | 2 | $0 | $0 |
| TODD KHOZEIN | Director Trustee or director | 2 | $0 | $0 |
| RACHEL JAGODA-BRUNETTE | Director Trustee or director | 2 | $0 | $0 |
| DUREEN JAYARAM | Director Trustee or director | 2 | $0 | $0 |
990 for the year ended June 30, 2024: 14 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KEN VAUGHN | DIR IMPACT INVEST | 40 | $150,338 | $0 |
| AINA ABIODUN | Executive Dir. Officer | 40 | $143,333 | $3,685 |
| JUAN BARRAZA | DIR INNOV & ENTR | 40 | $134,330 | $9,334 |
| FELICIA KANG | DIR FINANCE & OPER | 40 | $107,890 | $10,633 |
| DAVID KENNEY | PAST EXEC DIR Officer | 40 | $74,392 | $2,338 |
| HEATHER ANDERSEN | CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| JOSEPH CONNORS | Secretary/Treas Trustee or director, Officer | 2 | $0 | $0 |
| KELLY LYONS | Director Trustee or director | 2 | $0 | $0 |
| CAROL DAHL | Director Trustee or director | 2 | $0 | $0 |
| JEFF CANIN | Director Trustee or director | 2 | $0 | $0 |
| MIGUEL SOSSA | Director Trustee or director | 2 | $0 | $0 |
| ALLISON ARNOLD | Director Trustee or director | 2 | $0 | $0 |
| RACHEL JAGODA-BRUNETTE | Director Trustee or director | 2 | $0 | $0 |
| LEM WHITE | Director Trustee or director | 2 | $0 | $0 |
990 for the year ended June 30, 2023: 13 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DAVID KENNEY | PAST EXEC DIR Officer | 40 | $223,206 | $14,324 |
| JOHANNA BRICKMAN | DEP DIR/IMPACT STR | 40 | $150,875 | $11,431 |
| MARION VAUGHN | DIR IMPACT INVESTM | 40 | $151,374 | $4,068 |
| ERIN CLEMENTS | DIR STRATEGIC PART | 30 | $106,667 | $9,663 |
| HEATHER ANDERSEN | CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| JOE CONNORS | Secretary/Treas Trustee or director, Officer | 2 | $0 | $0 |
| ANNA MCCOY | Director Trustee or director | 2 | $0 | $0 |
| DENNIS WILDE | Director Trustee or director | 2 | $0 | $0 |
| MIGUEL SOSSA | Director Trustee or director | 2 | $0 | $0 |
| CAROL DAHL | Director Trustee or director | 2 | $0 | $0 |
| KELLY LYONS | Director Trustee or director | 2 | $0 | $0 |
| JEFF CANIN | Director Trustee or director | 2 | $0 | $0 |
| AINA ABIODUN | Executive Dir. Officer | 40 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 212, PORTLAND, OR 97207-0212
- Principal officer (990 for 2024)
- AINA ABIODUN, PO Box 212, Portland, OR 97207
- Signed the 990
- AINA ABIODUN, Executive Director
- Phone
- (971) 770-2378
- Website
- VERTUELAB.ORG
- Return prepared by
- KERN & THOMPSON LLC
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.
Program accomplishments
- INNOVATION & ENTREPRENEURSHIP -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.Expenses $796,219 · grants $110,608
- 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.Expenses $530,037
- 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.Expenses $247,146
- 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.Expenses $2,133
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 26-1652936
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2008
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Science and technology (U12)
- Assets (IRS master file)
- $5,787,849
- Income (IRS master file)
- $1,997,887
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $1,997,887 | $2,101,998 | $5,787,849 | IRS |
| 990 | June 2024 | $1,737,181 | $2,695,497 | $5,987,072 | IRS |
| 990 | June 2023 | $2,215,379 | $3,064,486 | $7,145,334 | XML |
| 990 | June 2022 | $2,827,087 | $1,883,081 | $6,880,373 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 26-1652936).
Questions about VERTUELAB
- What is the EIN of VERTUELAB?
- The employer identification number (EIN) of VERTUELAB is 26-1652936.
- Is VERTUELAB tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2008.
- Are donations to VERTUELAB tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does VERTUELAB file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of VERTUELAB due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did VERTUELAB last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of VERTUELAB?
- The 990 for the year ended June 30, 2025 names AINA ABIODUN.
- Who are the officers and directors of VERTUELAB?
- The 990 for the year ended June 30, 2025 lists 11 people; 2 received compensation from the organization, the highest $192,992 (AINA ABIODUN, Executive Dir.).
- How much revenue does VERTUELAB have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $1,997,887, expenses of $2,101,998 and total assets of $5,787,849 at year end.
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