Overview
What is Elemental Excelerator Inc?
Elemental Excelerator Inc, a Honolulu-based nonprofit organization, is dedicated to advancing climate solutions and social impact for communities. Their mission is realized through a technology funding and deployment program, where they connect, coach, and support entrepreneurs building innovative and equitable companies. These companies focus on making a significant impact in the areas of energy, water, transportation, food and agriculture, nature-based solutions, and industry. By providing funding and support services to selected startups, Elemental Excelerator catalyzes the implementation and application of their strategies, methods, and education, enabling the development, deployment, and commercialization of these innovative solutions. The organization has a workforce of approximately 60 employees.
Official website here: www.elementalimpact.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 89% (Three-Star out of Four Star rating)
Elemental Excelerator Inc has received a commendable Three-Star rating from Charity Navigator, reflecting a strong focus on accountability and financial health. With a notable Accountability & Finance score of 90, the organization demonstrates effective management of its resources, highlighted by a Program Expense Ratio of 82.41%. Their financial practices are well-documented, showcasing robust oversight mechanisms and independence among board members.
The organization shows strengths in various areas, including a high working capital ratio of 2.07 years, which indicates good liquidity and the ability to sustain operations in the long term. Additionally, they maintain a proactive stance on governance with strong policies in place regarding conflict of interest and whistleblower protections. Their fundraising efficiency ratio of $0.022 suggests that they are able to raise funds effectively with minimal cost.
However, the Culture & Community score of 79 may indicate potential areas for improvement in fostering a community-oriented culture. While the organization is performing well financially, they would benefit from focusing on enhancing their engagement and impact in the community to further elevate their overall effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Elemental Excelerator Inc legitimate?
Elemental Excelerator Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Elemental Excelerator Inc 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: $1,793,341
Professional Fundraising Fees: $0
Other Salaries and Wages: $6,270,574
For more financial information, click here
Official website here: www.elementalimpact.com
What is the mission statement of Elemental Excelerator Inc?
Elemental Excelerator is a non-profit organization committed to advancing climate solutions and social impact for communities. Through its technology funding and deployment program, the organization connects, coaches, and supports entrepreneurs building equitable companies with innovative solutions in the areas of energy, water, transportation, food and agriculture, nature-based solutions, and industry. Additionally, Elemental Excelerator provides funding and support services to the startups it selects for its program, catalyzing the implementation and application of the organization's strategies, methods, and education to develop, deploy, and commercialize these innovative solutions.
Official website here: www.elementalimpact.com
Who is the CEO of Elemental Excelerator Inc?
Dawn Lippert is the CEO of Elemental Excelerator Inc The CEO's salary of Elemental Excelerator Inc is $343,976 and their total compensation is $359,440.
Official website here: www.elementalimpact.com
What is the revenue of Elemental Excelerator Inc?
Elemental Excelerator Inc's revenue in 2023 was $35,742,100.
Official website here: www.elementalimpact.com
Who are the executives of Elemental Excelerator Inc and what are their salaries?
The average compensation at Elemental Excelerator Inc during 2023 was $116,868. There are 69 employees and 5 volunteers at Elemental Excelerator Inc.
Here are 16 key members and their salaries (Elemental Excelerator Inc's CEO's salary is $343,976 and their total compensation is $359,440):
- Compensation: $10,000
- Related: $0
- Other: $0
- Compensation: $10,000
- Related: $0
- Other: $0
- Compensation: $10,000
- Related: $0
- Other: $0
- Compensation: $10,000
- Related: $0
- Other: $0
- Compensation: $343,976
- Related: $0
- Other: $15,464
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $379,765
- Related: $0
- Other: $43,779
- Compensation: $229,732
- Related: $0
- Other: $21,763
- Compensation: $213,428
- Related: $0
- Other: $33,961
- Compensation: $230,104
- Related: $0
- Other: $1,033
- Compensation: $218,456
- Related: $0
- Other: $21,876
- Compensation: $231,114
- Related: $0
- Other: $12,230
- Compensation: $221,595
- Related: $0
- Other: $15,567
- Compensation: $198,768
- Related: $0
- Other: $18,495
- Compensation: $285,693
- Related: $0
- Other: $25,241
- Compensation: $204,034
- Related: $0
- Other: $13,439
Official website here: www.elementalimpact.com
Where can I find the form 990 for Elemental Excelerator Inc?
Elemental Excelerator Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.elementalimpact.com
Learn more at the official website: www.elementalimpact.com
Mission Statement of Elemental Excelerator Inc
Elemental Excelerator, a nonprofit organization, is on a mission to propel climate solutions and social impact for communities. To achieve this, the organization runs a technology funding and deployment program, aimed at connecting, coaching, and supporting entrepreneurs building significant, innovative, and equitable companies. These firms hold the potential to bring about substantial change in the realms of energy, water, transportation, food and agriculture, nature-based solutions, and industry.
In pursuit of its exempt purposes, Elemental Excelerator extends funding and support services to the startups it selects for its program. The organization's strategies, methods, and education are designed to catalyze the implementation and application of these innovative solutions, enabling them to develop, deploy, and commercialize their groundbreaking technologies. By providing this critical assistance, Elemental Excelerator empowers these companies to make a meaningful difference in their respective industries and contribute to a more sustainable and equitable future for all.
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Impact
October, 2024
Elemental Excelerator Inc focuses on advancing climate solutions and fostering social impact within communities. Through its technology funding and deployment program, the organization connects, coaches, and supports entrepreneurs dedicated to creating innovative and equitable companies. These startups address critical areas such as energy, water, transportation, food and agriculture, and nature-based solutions.
By providing funding and support services, Elemental Excelerator catalyzes the implementation of strategies and methods aimed at developing, deploying, and commercializing transformative solutions. This approach not only promotes environmental sustainability but also enhances social equity, ultimately leading to significant positive impacts on communities and ecosystems. The organization's commitment to advancing climate solutions positions it as a vital player in the transition towards a sustainable future.
This information is meant to be a general summary of Elemental Excelerator Inc. 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: $2,079,696
- Program Service Revenue: $261,621
- Gross Receipts: $36,800,790
Assets and Liabilities:
- Total Assets: $32,065,270
- Total Liabilities: $1,781,236
- Net Assets: $30,284,034
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE FEES
Revenue
$175,421
EVENT TICKET REVENUE
Revenue
$86,200
Organization Details
Founding Year
2017
Principal Officer
Dawn Lippert
Website
www.elementalimpact.comNTEE Category
Code: C30 - Environment
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