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California · Nonprofit

ACTIVATE GLOBAL INC

ACTIVATE GLOBAL INC (California) receives grants from 34 organizations whose IRS filings report $56,332,310 to it, the largest being VANGUARD CHARITABLE ENDOWMENT PROGRAM ($14,360,334). 25 of them have funded it in more than one year, and 54% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.

Revenue FY2025
$31M
Funders on record
34
Grants received
$56M
Net assets
$24M
25/34 repeat funderspeak grant-dependency 84%
01What it does

What Activate Global Inc does

Mission

Activate empowers scientists to reinvent the world by bringing their research to market. Activate partners with u.s. Based funders, research institutions, and other pillars of the hard technology community to help entrepreneurial scientists translate their breakthrough ideas into commercial solutions.

As stated on its FY2025 Form 990.

Program

  1. The organization works between government and the private sector, transforming scientists into high-impact entrepreneurs through a fellowship experience that guides them along every step of the journey. The organization provides these innovators with essential strategic guidance and services, educational programming, and access to a tailored network of scientific and business mentors and advisors. Today, the organization supports activate fellows through its berkeley, boston, new york, houston, and anywhere communities. Since 2015, activate fellows have launched 235 science-based companies creating 3000+ new jobs. 96% of fellow companies are still active today. The organization continues to focus on expanding its fellowship program and supporting more entrepreneurs.

    $25,151,051 spentof which $17,190,126 as grants
    100% of program spending

The program described on its FY2024 Form 990. Program spending in total: $25,151,051.

02The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20172017 Revenue 100 ($1.4M) Expenses 100 ($1.3M) Net assets 100 ($93k)2018 Revenue 240 ($3.4M) Expenses 105 ($1.3M) Net assets 2340 ($2.2M)2019 Revenue 263 ($3.7M) Expenses 225 ($2.8M) Net assets 3314 ($3.1M)2020 Revenue 607 ($8.6M) Expenses 452 ($5.7M) Net assets 6465 ($6.0M)2021 Revenue 921 ($13M) Expenses 651 ($8.2M) Net assets 11709 ($11M)2022 Revenue 1293 ($18M) Expenses 1022 ($13M) Net assets 17619 ($16M)2023 Revenue 1885 ($27M) Expenses 1516 ($19M) Net assets 25882 ($24M)2024 Revenue 1680 ($24M) Expenses 1878 ($24M) Net assets 26300 ($25M)2025 Revenue 2160 ($31M) Expenses 2511 ($31M) Net assets 25406 ($24M)
'17'18'19'20'21'22'23'24'25
Revenue (2160)Expenses (2511)Net assets (25406)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2022 to 2023, from $18M to $26M (+47%).

$603k
$2.3M
$3.3M
$6.5M
$12M
$18M
$26M
$26M
$25M
'17'18'19'20'21'22'23'24'25
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2017
2018
2019
2020
2021
2022
2023
2024
2025
ContributionsProgram revenueInvestmentOther

Government-grant reliance: 2017 40% · 2018 19% · 2019 26% · 2020 16% · 2021 27% · 2022 27% · 2023 32% · 2024 53% · 2025 55%. Grants only. Government contracts and fees sit inside program revenue.

98% of ACTIVATE GLOBAL INC’s revenue is contributions — more reliant on donations than three-quarters of its peers (87% for the typical peer).

This organization
Typical peer · 360 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 1 of the last 9 reported years ran a deficit.

$164k
’17
$2.1M
’18
$911k
’19
$2.9M
’20
$4.9M
’21
$5.5M
’22
$7.7M
’23
$270k
’24
−$853k
’25
2.0
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Chief executive

Cyrus Wadia

Chief executive officer

Board chair

Nicole Systrom

Chairperson

As listed on its FY2025 Form 990.

'17'18'19'20'21'22'23'24'25
Listed8813151820262020
Joined·+0+6+3+4+6+11+5+5
No longer listed·011145115
03Who funds it

Who funds it, year by year

2017 → 2023: the base broadened from 1 funder to 18 funders, grant income rose $250k → $13M.

11 of 34 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 54% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

From the IRS filings of ACTIVATE GLOBAL INC’s funders (the co-funder graph). Top 30 of 34 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

ACTIVATE GLOBAL INC has a broad base — no single funder exceeds 25% of grant income, and it takes 5 funders to reach half.

the vertical line marks half of all grant income — 5 funders to its left

60% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund ACTIVATE GLOBAL INC.

25%
largest funder
43%
top three
~10
effective funders

Largest funder’s share by year: 2017 100% · 2018 58% · 2019 36% · 2020 36% · 2021 31% · 2022 27% · 2023 26% — diversifying over time.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How long its funders stay

46% of ACTIVATE GLOBAL INC's funders are still giving 3 years after their first grant; 74% give in more than one year at all.

first grant+1y+2y+3y+4y

Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.

Where its funders are

54% of ACTIVATE GLOBAL INC's grant income arrives through donor-advised or pass-through sponsors, whose addresses record where the money is held rather than where the donor is. Of the $26M that is directly attributable, 61% of it comes from California funders.

NY
MA
CA
MO
MD
DE
AZ
TX

In-state vs out-of-state, by year

’17
’18
’19
’20
’21
’22
’23
California out of state home

Funder states come from each funder’s own filing. $30M arriving through sponsors registered in 7 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

ACTIVATE GLOBAL INC has grown faster than three-quarters of the 195 environment nonprofits its size.

Operating margin−3% · bottom quartile
Months of reserve2.0mo · below the median
Revenue growth (annualized)47% · top quartile

this organization peer median middle 50% of peers· 195 environment nonprofits $10M–$100M, FY2025

Government funding ACTIVATE GLOBAL INC receives

Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $54.0M on record.

Federal$54.0M
grants $53.8Mcontracts $130k
17
19
20
21
22
23
24
25
Top agencies
  • National Science Foundation$39.0M
  • Department of Defense$8.1M
  • Department of Commerce$5.2M
  • Department of Energy$1.7M

Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.

Organizations like ACTIVATE GLOBAL INC

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In California

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

80% of spending goes to programs.

Program 80%Management 17%Fundraising 3%

Governance

8
board members
100%
independent
✓Conflict-of-interest policy✓Whistleblower policy✓Document retention✓Board reviewed the 990✓Audited financials

Public support

84%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Footprint & structure

Files a return copy in 1 state

CA

Part of a family of 1 related entity

  • Activate Finance Corporation · corp_trust

Screen this organization

A dated, signed PDF of the compliance screen for ACTIVATE GLOBAL INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

A paid feature, included from the $75 plan up. Sign in to download.

Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds ACTIVATE GLOBAL INC?
ACTIVATE GLOBAL INC (California) receives grants from 34 organizations whose IRS filings report $56,332,310 to it, the largest being VANGUARD CHARITABLE ENDOWMENT PROGRAM ($14,360,334). 25 of them have funded it in more than one year, and 54% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
How many funders does ACTIVATE GLOBAL INC have?
IRS filings report 34 organizations giving $56,332,310 in grants to ACTIVATE GLOBAL INC, 25 of which have funded it in more than one year.
Who is the largest funder of ACTIVATE GLOBAL INC?
VANGUARD CHARITABLE ENDOWMENT PROGRAM is the largest funder on record, with $14,360,334 in grants. The full list of funders is on this page.
How can an organization like ACTIVATE GLOBAL INC find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in California. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 34 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing