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
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Stars)
Vertuelab has achieved a strong rating of 94% from Charity Navigator, indicating high levels of accountability and effective financial management. The organization excels particularly in leadership and adaptability, scoring a perfect 100%, which reflects its commitment to responsive and effective governance. Additionally, it has a solid score in Culture & Community (95%), showcasing its efforts to foster an inclusive and supportive environment.
The organization is actively engaging in equity practices, with a reported implementation of 11 such measures. This commitment to diversity, equity, and inclusion is further highlighted by its investment in leadership development, which includes management training and DEI initiatives facilitated by an organizational consultant. This proactive approach not only strengthens its internal capabilities but also enhances its community impact.
Vertuelab is also launching the Frontline Impact Program, aimed at building relationships with community-based organizations that serve marginalized communities. This initiative underscores the organization's dedication to supporting those in need and ensuring that its efforts are aligned with the interests of the communities it serves. Overall, the positive ratings reflect a well-managed nonprofit with a clear focus on social equity and community engagement.
This AI summary has been generated from information found on Charity Navigator.
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.
Heare are some key statistics you may want to consider:
Executive Compensation: $251,545
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,393,391
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
What is the revenue of Vertuelab?
Vertuelab's revenue in 2023 was $2,215,379.
Official website here: www.vertuelab.org
Who are the executives of Vertuelab and what are their salaries?
The average compensation at Vertuelab during 2023 was $78,330. There are 21 employees and 15 volunteers at Vertuelab.
Here are 13 key members and their salaries:
- Compensation: $223,206
- Related: $0
- Other: $14,324
- Compensation: $150,875
- Related: $0
- Other: $11,431
- Compensation: $151,374
- Related: $0
- Other: $4,068
- Compensation: $106,667
- Related: $0
- Other: $9,663
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.vertuelab.org
Where can I find the form 990 for Vertuelab?
Vertuelab's most recent form 990 was submitted in 2023 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.
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Impact
October, 2024
Vertuelab is instrumental in fostering innovation and entrepreneurship aimed at addressing environmental challenges. By focusing on clean technology startups, it effectively catalyzes solutions that can have a significant impact on sustainability and economic growth. Through direct engagement with these startups, Vertuelab offers essential coaching and support that enhances their chances of success.
The organization's programs facilitate access to funding, enabling startups to secure the necessary resources to develop their ideas. Additionally, it provides experienced mentorship, helping entrepreneurs navigate the complexities of growing their businesses and connecting them with potential customers. This holistic support system not only nurtures startups but also promotes the development of a more sustainable economy in Portland and beyond.
By empowering these companies, Vertuelab contributes to creating shared economic prosperity, ultimately leading to innovative solutions that can transform environmental challenges into opportunities for growth and development.
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.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $32,601
- Program Service Revenue: $35,000
- Gross Receipts: $2,215,379
Assets and Liabilities:
- Total Assets: $6,880,373
- Total Liabilities: $2,745,298
- Net Assets: $4,135,075
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
VERTUELAB IMPACT SUMMIT
Revenue
$35,000
Organization Details
Founding Year
2007
Principal Officer
Aina Abiodun
Website
www.vertuelab.orgNTEE Category
Code: U12 - Science research
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