Oregon · Nonprofit
VertueLab
VertueLab (Oregon) receives grants from 21 organizations whose IRS filings report $2,672,354 to it, the largest being Woka Foundation ($850,000). 9 of them have funded it in more than one year.
- Revenue FY2025
- $2.0M
- Funders on record
- 21
- Grants received
- $2.7M
- Net assets
- $2.3M
What VertueLab does
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.
As stated on its FY2025 Form 990.
Programs
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.
$796,219 spentof which $110,608 as grants51% of program spendingJust 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.
$530,037 spent34% of program spendingImpact 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.
$247,146 spent16% of program spendingFuel- 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.
$2,133 spent0% of program spending
The 4 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $1,575,535.
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.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2021 to 2022, from $3.9M to $6.9M (+74%).
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.
Government-grant reliance: 2017 91% · 2019 89% · 2020 72% · 2021 68% · 2022 53% · 2023 84% · 2024 59% · 2025 73%. Grants only. Government contracts and fees sit inside program revenue.
97% of VertueLab’s revenue is contributions — more reliant on donations than three-quarters of its peers (67% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 3 of the last 8 reported years ran a deficit.
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.
Who funds it, year by year
2019 → 2023: the base broadened from 1 funder to 11 funders, grant income rose $8k → $730k.
8 of 21 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 39% 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 VertueLab’s funders (the co-funder graph). 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
VertueLab has a broad base — no single funder exceeds 32% of grant income, and it takes 3 funders to reach half.
the vertical line marks half of all grant income — 3 funders to its left
44% 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 VertueLab.
Largest funder’s share by year: 2019 100% · 2020 72% · 2021 66% · 2022 35% · 2023 34% — 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
50% of VertueLab's funders are still giving 3 years after their first grant; 43% give in more than one year at all.
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
VertueLab draws 58% of its grant income from funders outside Oregon, across 5 states in all.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $1.0M arriving through sponsors registered in 8 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.
Against its field
VertueLab holds deeper cash reserves than three-quarters of the 210 science & tech nonprofits its size.
this organization peer median middle 50% of peers· 210 science & tech nonprofits $1M–$10M, FY2025
Government funding VertueLab receives
Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $3.0M on record.
- Small Business Administration$1.2M
- Department of Energy$1.0M
- Department of Commerce$800k
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 VertueLab
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 Oregon
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
75% of spending goes to programs.
Governance
Public support
96%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Part of a family of 1 related entity
- Vertuelab Climate Impact Fund I · disregarded
Screen this organization
A dated, signed PDF of the compliance screen for VertueLab: 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.
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 VertueLab?
- VertueLab (Oregon) receives grants from 21 organizations whose IRS filings report $2,672,354 to it, the largest being Woka Foundation ($850,000). 9 of them have funded it in more than one year.
- How many funders does VertueLab have?
- IRS filings report 21 organizations giving $2,672,354 in grants to VertueLab, 9 of which have funded it in more than one year.
- Who is the largest funder of VertueLab?
- Woka Foundation is the largest funder on record, with $850,000 in grants. The full list of funders is on this page.
- How can an organization like VertueLab find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Oregon. 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 21 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