VERTUELAB
PO Box 212, Portland, OR 97207 vertuelab.org

Total Revenue
$2,374,129
Total Expenses
$1,750,696
Net Assets
$2,298,896

Organizations Filed Purposes: CREATE ECONOMIC GROWTH AND ENVIRONMENTAL PROTECTION THROUGH FUNDING AND SUPPORT FOR CLEAN TECHNOLOGY RESEARCHERS AND STARTUPS. SUPPORT THE INNOVATION AND CLEANTECH ECOSYSTEMS.

COMMERCIALIZATION ACTIVITIESTHE ORGANIZATION PROVIDED COMMERCIALIZATION FUNDING AND ASSISTANCE TO EARLY STAGE INNOVATORS AND STARTUP COMPANIES DEVELOPING TECHNOLOGIES THAT ADDRESS ENVIRONMENTAL CHALLENGES. ON A LIMITED BASIS THE ORGANIZATION ALSO HELPS COMPANIES FROM OTHER TECHNOLOGY SECTORS. DURING THE FISCAL YEAR, THE ORGANIZATION COMMITTED TO FUNDING PROTOTYPE PROJECTS WITH GRANTS INVOLVING UNIVERSITY-STARTUP COMPANY TEAMS ADDRESSING A TECHNICAL CHALLENGE FACED BY THE COMPANY PARTNER. THE ORGANIZATION ALSO CONNECTS STARTUP COMPANIES TO POTENTIAL PRIVATE INVESTORS, HELPS COMPANIES APPLY FOR FEDERAL SBIR/STTR FUNDING, FUNDS INTERNS TO WORK AT STARTUP COMPANIES, AND HELPS TO SHOWCASE STARTUP COMPANIES TO INVESTORS AND PARTNERS AT MAJOR EVENTS.

INNOVATION & OUTREACHVERTUELAB ENGAGES STRATEGICALLY WITH INDUSTRY AND OTHER CLEAN TECHNOLOGY ECOSYSTEM STAKEHOLDERS TO PROMOTE INNOVATION AND MAKE CONNECTIONS THAT LEAD TO NEW COLLABORATIONS BETWEEN UNIVERSITIES, STARTUPS, CORPORATIONS, AND OTHERS. THE ORGANIZATION ALSO INVESTED EFFORTS IN DEVELOPING A PHILANTHROPIC INVESTMENT FUND CALLED THE CLIMATE IMPACT FUND TO INVEST IN STARTUPS DEVELOPING TECHNOLOGIES TO ADDRESS THE CLIMATE. DURING THE YEAR ENDED JUNE 30, 2020 THE ORGANIZATION HELPED CONVENE PARTNERS TO SECURE A GRANT TO FUND SEVERAL ACTIVITIES THAT WILL SUPPORT THE DEVELOPMENT OF A SUSTAINABLE AQUACULTURE INDUSTRY IN OREGON.IN ADDITION, VERTUELAB INVESTED TIME AND FINANCIAL RESOURCES INTO DEVELOPING A METHODOLOGY FOR MEASURING AND MANAGING THE ENVIRONMENTAL AND SOCIAL IMPACT OF THE TECHNOLOGIES THAT IT SUPPORTS. THE ORGANIZATION ALSO CONDUCTED RESEARCH TO SUPPORT THE DEVELOPMENT OF A NEW CLIMATE IMPACT FUND THAT WOULD PROVIDE RISK-TOLERANT CAPITAL TO STARTUPS WORKING TO ADDRESS THE GLOBAL CLIMATE CRISIS.

VERTUELAB IMPACT SUMMITAS PART OF ITS ENVIRONMENTAL AND SOCIAL IMPACT ACTIVITY, VERTUELAB HOSTS AN ANNUAL EVENT, VERTUELAB IMPACT SUMMIT (VIS).

Executives Listed on Filing

Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing

NameTitleHours Per WeekTotal Salary
David KenneyExecutive Dir.40$208,607
Marion VaughnDIR IMPACT INVESTM40$129,903
Johanna BrickmanDEP DIR/IMPACT STR40$118,149
Laura MckinneyDirector2$0
Joe JandaDirector2$0
David ConoverDirector2$0
Dennis WildeDirector2$0
Heather AndersenDirector2$0
Anna MccoyDirector2$0
Miguel SossaDirector2$0
Michelle HuntDirector2$0
Joe ConnorsSecretary/Treas2$0
Kirk WashingtonCHAIR2$0

Data for this page was sourced from XML published by IRS (public 990 form dataset) from: https://s3.amazonaws.com/irs-form-990/202121349349305162_public.xml