Activate Global Inc
- Assets
- $18.0m
- Revenue
- $18.3m
- Investments
- $0.0
- Employees
- 43
- Location
- Berkeley, CA
- Founding
- 02/2016
- Data as of
- 06/2022
- EIN
- 47-5502184
Organization Overview
Activate Global Inc is located in Berkeley, CA. The organization was established in 2016. According to its NTEE Classification (C02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Environment and related organizations. As of 06/2022, Activate Global Inc employed 43 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Activate Global Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Activate Global Inc generated $18.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 53.2% each year . All expenses for the organization totaled $12.8m during the year ending 06/2022. While expenses have increased by 47.3% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Activate Global Inc has awarded 12 individual grants totaling $1,324,610. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
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.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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, AND ANYWHERE COMMUNITIES. SINCE 2015, ACTIVATE FELLOWS HAVE LAUNCHED 106 NEW COMPANIES. THE ORGANIZATION CONTINUES TO FOCUS ON EXPANDING ITS FELLOWSHIP PROGRAM AND ATTRACTING THE FUNDS NEEDED TO DO SO. BY 2025, THE ORGANIZATION AIMS TO IDENTIFY AND SUPPORT 100 NEW ACTIVATE FELLOWS EVERY YEAR IN ADDITIONAL LOCATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ilan Gur CEO | Officer | 40 | $489,417 |
Matthew Price President, COO | Officer | 40 | $274,508 |
Aimee Rose Senior Managing Director | 40 | $269,956 | |
Thomas R Boussie Managing Director, Berkeley | 40 | $222,189 | |
Karin D Lion Chief Growth & Partnership | 40 | $236,875 | |
Steven H Tran Vp, Finance & Contracts | 40 | $199,078 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Regents Of The Uc-berkeley Supporting Energy Innovat | 6/29/22 | $170,814 |
Tomlinson Consulting Group Human Resources Services | 6/29/22 | $236,326 |
Shining Star Consulting Bookkeeping, Accounting | 6/29/22 | $178,570 |
K2c Associates Llc Networking / Partnership | 6/29/22 | $173,798 |
Harwich Partners Llc Business Advisory Serv. | 6/29/22 | $180,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,907,549 |
| All other contributions, gifts, grants, and similar amounts not included above | $13,428,943 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $18,336,492 |
| Total Program Service Revenue | $0 |
| Investment income | $56 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$776 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $18,338,872 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $649,610 |
| Grants and other assistance to domestic individuals. | $3,390,520 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,213,969 |
| Compensation of current officers, directors, key employees. | $411,224 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,825,085 |
| Pension plan accruals and contributions | $18,336 |
| Other employee benefits | $200,490 |
| Payroll taxes | $312,338 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $60,363 |
| Fees for services: Accounting | $214,567 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,690,280 |
| Advertising and promotion | $11,547 |
| Office expenses | $175,090 |
| Information technology | $251,924 |
| Royalties | $0 |
| Occupancy | $242,186 |
| Travel | $123,009 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $319,561 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,049 |
| Insurance | $25,401 |
| All other expenses | $0 |
| Total functional expenses | $12,818,117 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,170,559 |
| Savings and temporary cash investments | $2,077,552 |
| Pledges and grants receivable | $6,050,529 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $433,629 |
| Net Land, buildings, and equipment | $100,845 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $50,000 |
| Intangible assets | $10,000 |
| Other assets | $63,051 |
| Total assets | $17,956,165 |
| Accounts payable and accrued expenses | $1,462,838 |
| Grants payable | $0 |
| Deferred revenue | $33,333 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,496,171 |
| Net assets without donor restrictions | $4,681,704 |
| Net assets with donor restrictions | $11,778,290 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $17,956,165 |
Grants Awarded
Over the last fiscal year, Activate Global Inc has awarded $649,610 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
CHLOBIS WATER INC PURPOSE: Technology development funds | $100,000 |
CIRCE BIOSCIENCE INC PURPOSE: Technology development funds | $100,000 |
FOUND ENERGY CO PURPOSE: Technology development funds | $100,000 |
KANO THERAPEUTICS PURPOSE: Technology development funds | $166,230 |
OSMOSES INC PURPOSE: Technology development funds | $183,380 |