Civic Intelligence

Oregon Built Environment & Sustainable Technologies Center Inc

990 • Fiscal year 2019 • EIN 26-1652936

Jul 01, 2018 to Jun 30, 2019 • Filed on May 14, 2020

Organization ProfileVERTUELAB.ORG

View Organization Page

412 SW 12th Avenue Second FloorPortland, OR 97205

(971) 770-2378

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

59th percentile

0.15x

Higher debt load relative to assets than 59% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

62nd percentile

0.17x

Higher debt load relative to revenue than 62% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

50th percentile

3.3%

Higher net margin than 50% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2019

Asset Growth

9th percentile

-14%

Faster asset growth than 9% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2019

Revenue Growth

10th percentile

-30%

Faster revenue growth than 10% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2019

Balance Sheet
Liabilities / Assets59th percentile

Assets

Down

$1,965,082

Down $662,576 (-25%) from 2017

Net Assets

Down

$1,675,463

Down $262,418 (-14%) from 2017

Liabilities

Down

$289,619

Down $400,158 (-58%) from 2017

Revenue And Expenses
Liabilities / Revenue62nd percentileNet Margin50th percentile

Revenue

Down

$1,717,887

Down $1,750,881 (-50%) from 2017

Expenses

Down

$1,661,452

Down $1,607,092 (-49%) from 2017

Net Income

Down

$56,435

Down $143,789 (-72%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth9th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$8.0M$6.0M$4.0M$2.0M$0Assets 2010: $1,143,105Liabilities 2010: $47,746Net Assets 2010: $1,095,3592010Assets 2011: $1,202,154Liabilities 2011: $441,017Net Assets 2011: $761,1372011Assets 2012: $1,570,539Liabilities 2012: $636,152Net Assets 2012: $934,3872012Assets 2013: $1,197,618Liabilities 2013: $449,456Net Assets 2013: $748,1622013Assets 2014: $1,729,088Liabilities 2014: $493,352Net Assets 2014: $1,235,7362014Assets 2015: $2,046,501Liabilities 2015: $564,462Net Assets 2015: $1,482,0392015Assets 2016: $2,222,954Liabilities 2016: $485,297Net Assets 2016: $1,737,6572016Assets 2017: $2,627,658Liabilities 2017: $689,777Net Assets 2017: $1,937,8812017Assets 2019: $1,965,082Liabilities 2019: $289,619Net Assets 2019: $1,675,4632019Assets 2020: $2,547,836Liabilities 2020: $248,940Net Assets 2020: $2,298,8962020Assets 2021: $3,945,647Liabilities 2021: $829,563Net Assets 2021: $3,116,0842021Assets 2022: $6,880,373Liabilities 2022: $2,745,298Net Assets 2022: $4,135,0752022Assets 2023: $7,145,334Liabilities 2023: $3,871,106Net Assets 2023: $3,274,2282023Assets 2024: $5,987,072Liabilities 2024: $3,540,384Net Assets 2024: $2,446,6882024

Highlighted filing

2019

Assets$1,965,082
Liabilities$289,619
Net Assets$1,675,463
Open 2019 Filing

Operations Trend

Revenue Growth10th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$4.0M$2.0M$0-$2.0MExpenses 2010: $579,4002010Expenses 2011: $1,908,8052011Expenses 2012: $1,778,2692012Expenses 2013: $2,229,0562013Revenue 2014: $3,477,433Expenses 2014: $2,989,859Net Income 2014: $487,5742014Revenue 2015: $3,333,974Expenses 2015: $3,087,671Net Income 2015: $246,3032015Revenue 2016: $3,444,384Expenses 2016: $3,188,766Net Income 2016: $255,6182016Revenue 2017: $3,468,768Expenses 2017: $3,268,544Net Income 2017: $200,2242017Revenue 2019: $1,717,887Expenses 2019: $1,661,452Net Income 2019: $56,4352019Revenue 2020: $2,374,129Expenses 2020: $1,750,696Net Income 2020: $623,4332020Revenue 2021: $2,326,583Expenses 2021: $1,509,395Net Income 2021: $817,1882021Revenue 2022: $2,827,087Expenses 2022: $1,883,081Net Income 2022: $944,0062022Revenue 2023: $2,215,379Expenses 2023: $3,064,486Net Income 2023: -$849,1072023Revenue 2024: $1,737,181Expenses 2024: $2,695,497Net Income 2024: -$958,3162024

Highlighted filing

2019

Revenue$1,717,887
Expenses$1,661,452
Net Income$56,435
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
May 14, 2020
Return Version
2018v3.1
Gross Receipts
$1,717,887
Mission and Program Overview

Mission

Create economic growth and environmental protection through funding and support for clean technology researchers and startups. Support the innovation and cleantech ecosystems.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,899,191$1,816,644▼ $82,547
Pledges and Grants Receivable$129,685$132,873▲ $3,188
Prepaid Expenses and Deferred Charges$6,202$15,535▲ $9,333
Other Notes and Loans Receivable, Net$1,925$22▼ $1,903
Investments Program Related$5$7▲ $2
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$2,037,009$1,965,082▼ $71,927
Other Assets Total$1$1→ $0
Liabilities
Grants Payable$237,120$164,328▼ $72,792
Accounts Payable and Accrued Expenses$128,506$75,791▼ $52,715
Deferred Revenue$52,355$49,500▼ $2,855
Total Liabilities$417,981$289,619▼ $128,362
Net Assets / Fund Balance
Unrestricted Net Assets$1,173,083$1,267,859▲ $94,776
Temporarily Rstr Net Assets$445,945$407,604▼ $38,341
Total Net Assets Fund Balance$1,619,028$1,675,463▲ $56,435
Total Liabilities and Net Assets / Fund Balance$2,037,009$1,965,082▼ $71,927
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
David KenneyExecutive DirectorFT$208,915$11,784$220,699
Ken VaughnDirector Impact InvestmFT$137,669$5,866$143,535
Johanna BrickmanDirector Impact StrategFT$131,787$11,137$142,924

Board Members and Trustees

NameTitle
Kirk WashingtonChair
Anna MccoyDirector
David ConoverDirector
Dennis WildeDirector
Heather AndersenDirector
Joe JandaDirector
Michelle HuntDirector
Joe ConnorsSecretary/Treas
Revenue and Support

Revenue Composition

Contributions and Grants
$1,606,382
Program Service Revenue
$97,855
Investment Income
$13,650
Other Revenue
$0
All Other Contributions
$72,074
Change in Net Assets
$56,435

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,717,887
Revenue Not Reported on Form 990
$783
Total Revenue per Audited Statements
$1,718,670
Total Revenue per Form 990
$1,717,887
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,084,223
Other Expenses$466,867
Total Fundraising Expense$124,598
Grants and Similar Amounts Paid$110,362
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$543,621$125,667$64,807$734,095
Fees for Services Other$229,411$6,557$1,360$237,328
Current Officers, Directors, Trustees, and Key Employees$163,435$37,781$19,484$220,700
Grants to Domestic Orgs$110,362--$110,362
Conferences and Meetings$73,008$849$4,825$78,682
Payroll Taxes$52,854$12,218$6,301$71,373
Information Technology$33,627$3,750$9,323$46,700
Travel$24,888$8,435$10,044$43,367
Other Employee Benefits$28,197$6,518$3,361$38,076
Occupancy$26,901$5,902$3,197$36,000
Pension Plan Contributions$14,795$3,420$1,764$19,979
Fees for Services Legal$11,435--$11,435
Office Expenses$2,924$2,954$10$5,888
Insurance$3,234$225$122$3,581
Other Expenses$1,985$1,901-$1,901
Total Functional Expenses$1,320,677$216,177$124,598$1,661,452

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,662,235
Expenses per Audited Statements$1,661,452
Total Expenses per Form 990$1,661,452
Expenses Not Reported on Form 990$783
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Oregon State UniversityCorvallis, ORGovernmentScientific Research$109,987
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et

“Some of vertuelab's board members may have business dealings with one another.”

Form 990, Part VI, Line 11B: Form 990 Review Process

“The form 990 is reviewed by the executive director and the executive committee of the board, and made available to entire board to review prior to filing.”

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“Board members receive a copy of the conflict of interest policy at the beginning of their term. The policy requires them to disclose any conflict of interest. Board members complete an annual disclosure form that lists employer and any known conflicts. Board meeting agendas include a note reminding board members to disclose potential conflicts”

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

“The board reviews compensation of executive director and seeks comparability data.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“Reasonable requests for financial statements and governing documents are furnished upon request at the offices of vertuelab.”

Filing and Contact Details

Filer

Filer Name
VertueLab
EIN
26-1652936
Phone
9717702378
Address
412 SW 12th Avenue Second Floor, Portland, OR 97205

Signing Officer

Name
David Kenney
Title
Executive Director
Signed
2020-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Kenney
Formed
2007
Legal Domicile
Or
Voting Board Members
8
Independent Board Members
8
Employees
14
Volunteers
10

Preparer

Firm
Kern & Thompson LLC
Address
1800 SW First Avenue Suite 410, Portland, OR 97201
Preparer
Cheryl L Morgan CPA
Phone
5032223338
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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/MissionDesc0CREATE ECONOMIC GROWTH AND ENVIRONMENTAL PROTECTION THROUGH FUNDING AND SUPPORT FOR CLEAN TECHNOLOGY RESEARCHERS AND STARTUPS. SUPPORT THE INNOVATION AND CLEANTECH ECOSYSTEMS.
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IRS990/OtherEmployeeBenefitsGrp/TotalAmt038076
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IRS990/OtherExpensesGrp/Desc1RESIDUAL DEBT EXPENSE
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IRS990/OtherExpensesGrp/TotalAmt11901
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IRS990/PayrollTaxesGrp/FundraisingAmt06301
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt012218
IRS990/PayrollTaxesGrp/ProgramServicesAmt052854
IRS990/PayrollTaxesGrp/TotalAmt071373
IRS990/PensionPlanContributionsGrp/FundraisingAmt01764
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt03420
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt014795
IRS990/PensionPlanContributionsGrp/TotalAmt019979
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IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt06202
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt015535
IRS990/PrincipalOfficerNm0DAVID KENNEY
IRS990/ProfessionalFundraisingInd0false
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IRS990/ProgramServiceRevenueGrp/BusinessCd1541700
IRS990/ProgramServiceRevenueGrp/Desc0CONTRACT SERVICES
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt034855
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt163000
IRS990/ProgSrvcAccomActy2Grp/Desc0COMMERCIALIZATION ACTIVITIESTHE ORGANIZATION PROVIDED COMMERICALIZATION 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.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0589797
IRS990/ProgSrvcAccomActy2Grp/GrantAmt0110362
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0104855
IRS990/ProgSrvcAccomActy3Grp/Desc0VERTUELAB IMPACT SUMMITAS PART OF ITS ENVIRONMENTAL AND SOCIAL IMPACT ACTIVITY, VERTUELAB HOSTS AN ANNUAL EVENT, VERTUELAB IMPACT SUMMIT (VIS).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 FROM THE PACIFIC NORTHWEST WORKING TO ADDRESS THE GLOBAL CLIMATE CRISIS.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt067174
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt063000
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt01437700
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0567375
IRS990/PYInvestmentIncomeAmt06741
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IRS990/PYOtherExpensesAmt0828886
IRS990/PYProgramServiceRevenueAmt0565465
IRS990/PYRevenuesLessExpensesAmt0-318853
IRS990/PYSalariesCompEmpBnftPaidAmt0932498
IRS990/PYTotalExpensesAmt02328759
IRS990/PYTotalRevenueAmt02009906
IRS990/QuidProQuoContributionsInd0false
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IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt056435
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
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IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
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Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,965,082
Liabilities
$289,619
Net assets
$1,675,463
Revenue
$1,717,887
Expenses
$1,661,452
Net income
$56,435
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$5.99$3.54$2.45$1.74$2.70$0.96
2023Detailed filing. Detailed filing data is available for this year.$7.15$3.87$3.27$2.22$3.06$0.85
2022Detailed filing. Detailed filing data is available for this year.$6.88$2.75$4.14$2.83$1.88$0.94
2021Detailed filing. Detailed filing data is available for this year.$3.95$0.83$3.12$2.33$1.51$0.82
2020Detailed filing. Detailed filing data is available for this year.$2.55$0.25$2.30$2.37$1.75$0.62
2019Detailed filing. Detailed filing data is available for this year.$1.97$0.29$1.68$1.72$1.66$0.06
2017Detailed filing. Detailed filing data is available for this year.$2.63$0.69$1.94$3.47$3.27$0.20
2016Detailed filing. Detailed filing data is available for this year.$2.22$0.49$1.74$3.44$3.19$0.26
2015Detailed filing. Detailed filing data is available for this year.$2.05$0.56$1.48$3.33$3.09$0.25
2014Detailed filing. Detailed filing data is available for this year.$1.73$0.49$1.24$3.48$2.99$0.49
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.20$0.45$0.75$2.23
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.57$0.64$0.93$1.78
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.20$0.44$0.76$1.91
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.14$0.05$1.10$0.58