Form 990, Part VI, Line 11B: Form 990 Review Process
“The 990 draft is presented during a January board meeting, reviewed, and approved.”
990 • Fiscal year 2018 • EIN 47-5502184
Scores are not available for this record yet.
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
Flat$3,407,608
Flat from 2018
Expenses
Flat$1,315,149
Flat from 2018
Net Income
Flat$2,092,459
Flat from 2018
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.
| Line | Beginning | End | Change |
|---|---|---|---|
| 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 | Book Value | Depreciation | Basis |
|---|---|---|---|
| Equipment | $6,819 | $846 | $7,665 |
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Matt Price | President | FT | $180,000 | $28,206 | $208,206 |
| Sebastien Lounis | Vice President | FT | $140,000 | $10,491 | $150,491 |
| Jeff Anderson | President | PT | $125,000 | $693 | $125,693 |
| Name | Title |
|---|---|
| Todd Johnson | Chairman |
| Liesl Schindler | Vice President |
| Arun Majumdar | Director |
| Dick Swanson | Director |
| Gabriel Kra | Treasurer |
| Contribution Type | Contribution Count | Reported Amount |
|---|---|---|
| Securities Publicly Traded | 1 | $504,777 |
| Total Noncash Contributions | 1 | $504,777 |
| Line Item | Amount |
|---|---|
| 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 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| 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 |
| Line Item | Amount |
|---|---|
| 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 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $46,097 |
| Interested Party | Relationship | Description | Shared Revenue | Amount |
|---|---|---|---|---|
| - | Commmon Officer | Consulting | No | $1,679 |
| Line Item | Beginning | End | Change |
|---|---|---|---|
| Receivables from Disqualified Persons | - | $0 | - |
| Receivables from Officers, Directors, Trustees, and Key Employees | - | $0 | - |
“The 990 draft is presented during a January board meeting, reviewed, and approved.”
“New Conflicts Disclosures Statements are distributed to and complete by the Board of Directors annually.”
“The board reviewed and adopted a budget that included officer compensation based n comparability, market, and contemporaneious substantiation and deliberation.”
“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.”
“Available upon request.”
“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.”
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/Desc | 0 | It 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/PayrollTaxesGrp/ProgramServicesAmt | 0 | 35671 |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 41201 |
| IRS990/PensionPlanContributionsGrp/TotalAmt | 0 | 0 |
| IRS990/PledgesAndGrantsReceivableGrp/BOYAmt | 0 | 532877 |
| IRS990/PledgesAndGrantsReceivableGrp/EOYAmt | 0 | 832043 |
| IRS990/PoliticalCampaignActyInd | 0 | false |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 0 |
| IRS990/PrincipalOfficerNm | 0 | Matt Price |
| IRS990/ProfessionalFundraisingInd | 0 | true |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | Program Fees |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 1000 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 1000 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990/PYContributionsGrantsAmt | 0 | 1418470 |
| IRS990/PYExcessBenefitTransInd | 0 | false |
| IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt | 0 | 0 |
| IRS990/PYOtherExpensesAmt | 0 | 718378 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 164392 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 535700 |
| IRS990/PYTotalExpensesAmt | 0 | 1254078 |
| IRS990/PYTotalRevenueAmt | 0 | 1418470 |
| IRS990/QuidProQuoContributionsInd | 0 | false |
| IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt | 0 | 0 |
| IRS990/RcvFndsToPayPrsnlBnftCntrctInd | 0 | false |
| IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt | 0 | 0 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | 2092459 |
| IRS990/RegularMonitoringEnfrcInd | 0 | true |
| IRS990/RelatedEntityInd | 0 | false |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990/ReportInvestmentsOtherSecInd | 0 | false |
| IRS990/ReportLandBuildingEquipmentInd | 0 | true |
| IRS990/ReportOtherAssetsInd | 0 | false |
| IRS990/ReportOtherLiabilitiesInd | 0 | false |
| IRS990/ReportProgramRelatedInvstInd | 0 | false |
| IRS990/RevenueAmt | 0 | 1000 |
| IRS990/RoyaltiesGrp/TotalAmt | 0 | 0 |
| IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt | 0 | 0 |
| IRS990/SavingsAndTempCashInvstGrp/EOYAmt | 0 | 0 |
| IRS990ScheduleA/First5Years170Ind | 0 | X |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 3406600 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 1418470 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 5280 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 4830350 |
| IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt | 0 | 8 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt | 0 | 8 |
| IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt | 0 | 1000 |
| IRS990ScheduleA/OtherIncome170Grp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 0.00000 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 3289267 |
| IRS990ScheduleA/SubstantialContributorsTotAmt | 0 | 1541083 |
| IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 3406600 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 1418470 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 5280 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 4830350 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 4830358 |
| IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt | 0 | 0 |
| IRS990/ScheduleBRequiredInd | 0 | true |
| IRS990ScheduleD/DonatedServicesAndUseFcltsAmt | 0 | 125889 |
| IRS990ScheduleD/DonatedServicesUseFcltsAmt | 0 | 125889 |
| IRS990ScheduleD/EquipmentGrp/BookValueAmt | 0 | 6819 |
| IRS990ScheduleD/EquipmentGrp/DepreciationAmt | 0 | 846 |
| IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt | 0 | 7665 |
| IRS990ScheduleD/ExpensesNotReportedAmt | 0 | 125889 |
| IRS990ScheduleD/ExpensesSubtotalAmt | 0 | 1315149 |
| IRS990ScheduleD/FootnoteTextInd | 0 | X |
| IRS990ScheduleD/RevenueNotReportedAmt | 0 | 125889 |
| IRS990ScheduleD/RevenueSubtotalAmt | 0 | 3407608 |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | 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. |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Part X : FIN48 Footnote |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 6819 |
| IRS990ScheduleD/TotalExpensesPerForm990Amt | 0 | 1315149 |
| IRS990ScheduleD/TotalRevenuePerForm990Amt | 0 | 3407608 |
| IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt | 0 | 3533497 |
| IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt | 0 | 1441038 |
| IRS990ScheduleG/AgrmtProfFundraisingActyInd | 0 | true |
| IRS990ScheduleG/FundraiserActivityInfoGrp/ActivityTxt | 0 | Development |
| IRS990ScheduleG/FundraiserActivityInfoGrp/FundraiserControlOfFundsInd | 0 | false |
| IRS990ScheduleG/FundraiserActivityInfoGrp/GrossReceiptsAmt | 0 | 1932404 |
| IRS990ScheduleG/FundraiserActivityInfoGrp/NetToOrganizationAmt | 0 | 1886307 |
| IRS990ScheduleG/FundraiserActivityInfoGrp/OrganizationBusinessName/BusinessNameLine1Txt | 0 | Sutro Energy |
| IRS990ScheduleG/FundraiserActivityInfoGrp/RetainedByContractorAmt | 0 | 46097 |
| IRS990ScheduleG/LicensedStatesCd | 0 | CA |
| IRS990ScheduleG/SolicitationOfGovtGrantsInd | 0 | X |
| IRS990ScheduleG/SolicitationOfNonGovtGrantsInd | 0 | X |
| IRS990ScheduleG/TotalGrossReceiptsAmt | 0 | 1932404 |
| IRS990ScheduleG/TotalNetToOrganizationAmt | 0 | 1886307 |
| IRS990ScheduleG/TotalRetainedByContractorsAmt | 0 | 46097 |
| IRS990ScheduleJ/AnyNonFixedPaymentsInd | 0 | false |
| IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd | 0 | false |
| IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd | 0 | false |
| IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd | 0 | false |
| IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd | 0 | false |
| IRS990ScheduleJ/EquityBasedCompArrngmInd | 0 | false |
| IRS990ScheduleJ/InitialContractExceptionInd | 0 | false |
| IRS990ScheduleJ/RebuttablePresumptionProcInd | 0 | false |
| IRS990/ScheduleJRequiredInd | 0 | true |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt | 0 | 180000 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt | 1 | 140000 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt | 0 | 28206 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt | 1 | 10491 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm | 0 | Matt Price |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm | 1 | Sebastien Lounis |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt | 0 | President |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt | 1 | Vice President |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt | 0 | 208206 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt | 1 | 150491 |
| IRS990ScheduleJ/SeverancePaymentInd | 0 | false |
| IRS990ScheduleJ/SupplementalNonqualRtrPlanInd | 0 | false |
| IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt | 0 | Strange Herd |
| IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt | 0 | Commmon Officer |
| IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd | 0 | false |
| IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt | 0 | 1679 |
| IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc | 0 | Consulting |
| IRS990ScheduleM/AnyPropertyThatMustBeHeldInd | 0 | false |
| IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd | 0 | false |
| IRS990ScheduleM/SecuritiesPubliclyTradedGrp/ContributionCnt | 0 | 1 |
| IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NonCashCheckboxInd | 0 | X |
| IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NoncashContributionsRptF990Amt | 0 | 504777 |
| IRS990ScheduleM/ThirdPartiesUsedInd | 0 | false |
| IRS990/ScheduleORequiredInd | 0 | true |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | The 990 draft is presented during a January board meeting, reviewed, and approved. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | New Conflicts Disclosures Statements are distributed to and complete by the Board of Directors annually. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | The board reviewed and adopted a budget that included officer compensation based n comparability, market, and contemporaneious substantiation and deliberation. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | Available upon request. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Form 990, Part VI, Line 11b: Form 990 Review Process |
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Displayed year
2018 • Form 990Detailed filing. Detailed filing data is available for this year.