Civic Intelligence

Activation Energy Inc

990 • Fiscal year 2018 • EIN 47-5502184

Jul 01, 2017 to Jun 30, 2018 • Filed on May 13, 2019

2150 Shattuck Ave 300Berkeley, CA 94704

(510) 590-6685

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Flat

$2,343,713

Flat from 2018

Net Assets

Flat

$2,185,883

Flat from 2018

Liabilities

Flat

$157,830

Flat from 2018

Revenue And Expenses

Revenue

Flat

$3,407,608

Flat from 2018

Expenses

Flat

$1,315,149

Flat from 2018

Net Income

Flat

$2,092,459

Flat from 2018

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2016: $5,280Liabilities 2016: $151,2482016Assets 2017: $602,917Liabilities 2017: $509,493Net Assets 2017: $93,4242017Assets 2018: $2,343,713Liabilities 2018: $157,830Net Assets 2018: $2,185,8832018Assets 2018: $2,343,713Liabilities 2018: $157,830Net Assets 2018: $2,185,8832018Assets 2019: $3,326,515Liabilities 2019: $230,072Net Assets 2019: $3,096,4432019Assets 2020: $6,544,461Liabilities 2020: $504,440Net Assets 2020: $6,040,0212020Assets 2021: $11,949,967Liabilities 2021: $1,010,756Net Assets 2021: $10,939,2112021Assets 2022: $17,956,165Liabilities 2022: $1,496,171Net Assets 2022: $16,459,9942022Assets 2023: $26,386,377Liabilities 2023: $2,206,568Net Assets 2023: $24,179,8092023Assets 2024: $26,103,206Liabilities 2024: $1,532,671Net Assets 2024: $24,570,5352024

Highlighted filing

2018

Assets$2,343,713
Liabilities$157,830
Net Assets$2,185,883

Operations Trend

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

$30M$20M$10M$0-$10MRevenue 2016: $5,280Expenses 2016: $151,248Net Income 2016: -$145,9682016Revenue 2017: $1,418,470Expenses 2017: $1,254,078Net Income 2017: $164,3922017Revenue 2018: $3,407,608Expenses 2018: $1,315,149Net Income 2018: $2,092,4592018Revenue 2018: $3,407,608Expenses 2018: $1,315,149Net Income 2018: $2,092,4592018Revenue 2019: $3,732,131Expenses 2019: $2,821,571Net Income 2019: $910,5602019Revenue 2020: $8,612,508Expenses 2020: $5,668,930Net Income 2020: $2,943,5782020Revenue 2021: $13,059,575Expenses 2021: $8,160,385Net Income 2021: $4,899,1902021Revenue 2022: $18,338,872Expenses 2022: $12,818,117Net Income 2022: $5,520,7552022Revenue 2023: $26,734,894Expenses 2023: $19,015,079Net Income 2023: $7,719,8152023Revenue 2024: $23,823,486Expenses 2024: $23,553,752Net Income 2024: $269,7342024

Highlighted filing

2018

Revenue$3,407,608
Expenses$1,315,149
Net Income$2,092,459
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 13, 2019
Return Version
2017v2.2
Gross Receipts
$3,407,608
Mission and Program Overview

Mission

Activation Energy empowers hard science innovators by creating homes for their work catalyzing commercialization with new programs and partnerships and connecting the pillars of the hard tech community to enable successful transitions from lab to market.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$70,040$1,463,851▲ $1,393,811
Pledges and Grants Receivable$532,877$832,043▲ $299,166
Other Notes and Loans Receivable, Net-$41,000-
Land, Buildings, and Equipment, Net-$6,819-
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$602,917$2,343,713▲ $1,740,796
Other Assets Total-$0-
Liabilities
Deferred Revenue$173,889$75,123▼ $98,766
Accounts Payable and Accrued Expenses$335,604$45,807▼ $289,797
Unsecured Notes Loans Payable-$36,900-
Total Liabilities$509,493$157,830▼ $351,663
Net Assets / Fund Balance
Temporarily Rstr Net Assets-$1,150,167-
Unrestricted Net Assets$93,424$1,035,716▲ $942,292
Total Net Assets Fund Balance$93,424$2,185,883▲ $2,092,459
Total Liabilities and Net Assets / Fund Balance$602,917$2,343,713▲ $1,740,796

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$6,819$846$7,665
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Matt PricePresidentFT$180,000$28,206$208,206
Sebastien LounisVice PresidentFT$140,000$10,491$150,491
Jeff AndersonPresidentPT$125,000$693$125,693

Board Members and Trustees

NameTitle
Todd JohnsonChairman
Liesl SchindlerVice President
Arun MajumdarDirector
Dick SwansonDirector
Gabriel KraTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$3,406,600
Program Service Revenue
$1,000
Investment Income
$8
Other Revenue
$0
All Other Contributions
$2,745,744
Change in Net Assets
$2,092,459

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported Amount
Securities Publicly Traded1$504,777
Total Noncash Contributions1$504,777

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,407,608
Revenue Not Reported on Form 990
$125,889
Total Revenue per Audited Statements
$3,533,497
Total Revenue per Form 990
$3,407,608
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$736,787
Other Expenses$532,265
Total Fundraising Expense$52,660
Professional Fundraising Fees$46,097
Grants and Similar Amounts Paid$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$360,192$38,642$4,500$403,334
Other Salaries and Wages$202,260$35,391-$237,651
Fees for Services Other$200,134$36,577$40$236,751
Other Employee Benefits$47,496$6,296$809$54,601
Fees for Services Professional Fundraising--$46,097$46,097
Payroll Taxes$35,671$4,903$627$41,201
Travel$27,509$1,971-$29,480
Insurance$20,856$2,408$261$23,525
Other Expenses$2,908$9,545$326$12,779
Depreciation Depletion$846--$846
Interest-$203-$203
Total Functional Expenses$1,121,997$140,492$52,660$1,315,149

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,441,038
Expenses per Audited Statements$1,315,149
Total Expenses per Form 990$1,315,149
Expenses Not Reported on Form 990$125,889
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$46,097
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Commmon OfficerConsultingNo$1,679

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
No
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 11B: Form 990 Review Process

The 990 draft is presented during a January board meeting, reviewed, and approved.

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

New Conflicts Disclosures Statements are distributed to and complete by the Board of Directors annually.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

The board reviewed and adopted a budget that included officer compensation based n comparability, market, and contemporaneious substantiation and deliberation.

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

Initial compensation was set by Board based on general knowledge of comparable comp levels. The board reviewed and adopted a budget that included officer compensation based n comparability, market, and contemporaneious substantiation and deliberation.

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

Available upon request.

Filing and Contact Details

Filer

Filer Name
Activation Energy Inc
EIN
47-5502184
Phone
5105906685
Address
2150 Shattuck Ave 300, Berkeley, CA 94704

Signing Officer

Name
Matt Price
Title
President
Signed
2019-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Matt Price
Formed
2015
Legal Domicile
CA
Voting Board Members
5
Independent Board Members
5
Employees
4
Volunteers
100

Preparer

Firm
Iryna Ac
Address
1000 Broadway 200-G, Oakland, CA 94607
Preparer
Iryna Oreshkova CPA
Phone
5104679506
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

Income taxes are not provided for in the financial statements since the Organization is exempt from federal and state income taxes under section 501(c)(3) of the Internal Revenue Code and similar state provisions. Accordingly, the Organization has paid no income taxes.

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IRS990/Desc0It partners with world-class research institutions to support and expand programs for hard tech innovators. In one of its first moves to enhance the hard tech innovation ecosystem. The Organization is partnering with Lawrence Berkeley National Laboratory to support its groundbreaking Cyclotron Road program. Cyclotron Road recruits the brightest science and engineering minds from across the country and embeds them at Berkeley Lab to launch new energy technology startup companies. The program offers these innovators essential strategic guidance and services, educational programming, and access to a tailored network of hard tech mentors and advisers. By accessing the scientific resources of Berkeley Lab and the business resources of the program provided by the Organization, Cyclotron Road innovators can dramatically accelerate the commercialization of their hard tech energy innovations.
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IRS990/OtherSalariesAndWagesGrp/TotalAmt0237651
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt041000
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt0627
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt04903
IRS990/PayrollTaxesGrp/ProgramServicesAmt035671
IRS990/PayrollTaxesGrp/TotalAmt041201
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0532877
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0832043
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0Matt Price
IRS990/ProfessionalFundraisingInd0true
IRS990/ProgramServiceRevenueGrp/Desc0Program Fees
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01000
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt01418470
IRS990/PYExcessBenefitTransInd0false
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0718378
IRS990/PYRevenuesLessExpensesAmt0164392
IRS990/PYSalariesCompEmpBnftPaidAmt0535700
IRS990/PYTotalExpensesAmt01254078
IRS990/PYTotalRevenueAmt01418470
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt02092459
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt01000
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt03406600
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01418470
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt05280
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt04830350
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt08
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt08
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt01000
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.00000
IRS990ScheduleA/PublicSupportTotal170Amt03289267
IRS990ScheduleA/SubstantialContributorsTotAmt01541083
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt03406600
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01418470
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt05280
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt04830350
IRS990ScheduleA/TotalSupportAmt04830358
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt0125889
IRS990ScheduleD/DonatedServicesUseFcltsAmt0125889
IRS990ScheduleD/EquipmentGrp/BookValueAmt06819
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0846
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt07665
IRS990ScheduleD/ExpensesNotReportedAmt0125889
IRS990ScheduleD/ExpensesSubtotalAmt01315149
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/RevenueNotReportedAmt0125889
IRS990ScheduleD/RevenueSubtotalAmt03407608
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Income taxes are not provided for in the financial statements since the Organization is exempt from federal and state income taxes under section 501(c)(3) of the Internal Revenue Code and similar state provisions. Accordingly, the Organization has paid no income taxes.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/TotalBookValueLandBuildingsAmt06819
IRS990ScheduleD/TotalExpensesPerForm990Amt01315149
IRS990ScheduleD/TotalRevenuePerForm990Amt03407608
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03533497
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01441038
IRS990ScheduleG/AgrmtProfFundraisingActyInd0true
IRS990ScheduleG/FundraiserActivityInfoGrp/ActivityTxt0Development
IRS990ScheduleG/FundraiserActivityInfoGrp/FundraiserControlOfFundsInd0false
IRS990ScheduleG/FundraiserActivityInfoGrp/GrossReceiptsAmt01932404
IRS990ScheduleG/FundraiserActivityInfoGrp/NetToOrganizationAmt01886307
IRS990ScheduleG/FundraiserActivityInfoGrp/OrganizationBusinessName/BusinessNameLine1Txt0Sutro Energy
IRS990ScheduleG/FundraiserActivityInfoGrp/RetainedByContractorAmt046097
IRS990ScheduleG/LicensedStatesCd0CA
IRS990ScheduleG/SolicitationOfGovtGrantsInd0X
IRS990ScheduleG/SolicitationOfNonGovtGrantsInd0X
IRS990ScheduleG/TotalGrossReceiptsAmt01932404
IRS990ScheduleG/TotalNetToOrganizationAmt01886307
IRS990ScheduleG/TotalRetainedByContractorsAmt046097
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990ScheduleJ/RebuttablePresumptionProcInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0180000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1140000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt028206
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt110491
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Matt Price
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1Sebastien Lounis
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0President
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1Vice President
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0208206
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt1150491
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0Strange Herd
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0Commmon Officer
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt01679
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0Consulting
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd0false
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/ContributionCnt01
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NonCashCheckboxInd0X
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NoncashContributionsRptF990Amt0504777
IRS990ScheduleM/ThirdPartiesUsedInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The 990 draft is presented during a January board meeting, reviewed, and approved.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1New Conflicts Disclosures Statements are distributed to and complete by the Board of Directors annually.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The board reviewed and adopted a budget that included officer compensation based n comparability, market, and contemporaneious substantiation and deliberation.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Initial compensation was set by Board based on general knowledge of comparable comp levels. The board reviewed and adopted a budget that included officer compensation based n comparability, market, and contemporaneious substantiation and deliberation.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Available upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process

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