Elemental Excelerator Inc
- Assets
- $32.1m
- Revenue
- $26.1m
- Investments
- $0.0
- Employees
- 60
- Location
- Honolulu, HI
- Founding
- 12/2017
- Data as of
- 12/2022
- EIN
- 82-1112859
Organization Overview
Elemental Excelerator Inc is located in Honolulu, HI. The organization was established in 2017. According to its NTEE Classification (C30) the organization is classified as: Natural Resources Conservation & Protection, under the broad grouping of Environment and related organizations. As of 12/2022, Elemental Excelerator Inc employed 60 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Elemental Excelerator 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 12/2022, Elemental Excelerator Inc generated $26.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 40.9% each year . All expenses for the organization totaled $18.9m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Elemental Excelerator Inc has awarded 164 individual grants totaling $20,173,252. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
ELEMENTAL EXCELERATOR (ORGANIZATION) IS A NONPROFIT ORGANIZATION WHOSE MISSION IS TO ADVANCE CLIMATE SOLUTIONS AND SOCIAL IMPACT FOR COMMUNITIES. THE ORGANIZATION CONDUCTS A TECHNOLOGY FUNDING AND DEPLOYMENT PROGRAM THAT SERVES TO CONNECT, COACH AND SUPPORT ENTREPRENEURS BUILDING IMPORTANT, INNOVATIVE AND EQUITABLE COMPANIES THAT HAVE THE POTENTIAL FOR SIGNIFICANT IMPACT IN THE AREAS OF ENERGY, WATER, TRANSPORTATION, FOOD AND AGRICULTURE, NATURE-BASED SOLUTIONS AND INDUSTRY. ADDITIONALLY, IN FURTHERANCE OF ITS EXEMPT PURPOSES, THE ORGANIZATION PROVIDES FUNDING AND SUPPORT SERVICES TO THE STARTUPS SELECTED FOR ITS PROGRAM TO CATALYZE THE IMPLEMENTATION AND APPLICATION OF THE STRATEGIES, METHODS AND EDUCATION PROVIDED BY THE ORGANIZATION TO DEVELOP, DEPLOY AND COMMERCIALIZE THESE INNOVATIVE SOLUTIONS.
Describe the Organization's Program Activity:
ELEMENTAL EXCELERATOR (ORGANIZATION) IS A NONPROFIT ORGANIZATION WHOSE MISSION IS TO ADVANCE CLIMATE SOLUTIONS AND SOCIAL IMPACT FOR COMMUNITIES. THE ORGANIZATION CONDUCTS A TECHNOLOGY FUNDING AND DEPLOYMENT PROGRAM THAT SERVES TO CONNECT, COACH AND SUPPORT ENTREPRENEURS BUILDING IMPORTANT, INNOVATIVE AND EQUITABLE COMPANIES THAT HAVE THE POTENTIAL FOR SIGNIFICANT IMPACT IN THE AREAS OF ENERGY, WATER, TRANSPORTATION, FOOD AND AGRICULTURE, NATURE-BASED SOLUTIONS AND INDUSTRY. ADDITIONALLY, IN FURTHERANCE OF ITS EXEMPT PURPOSES, THE ORGANIZATION PROVIDES FUNDING AND SUPPORT SERVICES TO THE STARTUPS SELECTED FOR ITS PROGRAM TO CATALYZE THE IMPLEMENTATION AND APPLICATION OF THE STRATEGIES, METHODS AND EDUCATION PROVIDED BY THE ORGANIZATION TO DEVELOP, DEPLOY AND COMMERCIALIZE THESE INNOVATIVE SOLUTIONS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dawn Lippert Director/chief Executive Officer | OfficerTrustee | 32 | $194,447 |
Kelvin Taketa Director | Trustee | 1 | $0 |
Cheryl Martin Director | Trustee | 1 | $0 |
Naveen Sikka Director | Trustee | 1 | $0 |
Vivian Yasunaga Director | Trustee | 1 | $0 |
David Crane Former Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
E2k Events X Entertainment Event Planning And Production | 12/30/22 | $187,531 |
Clean Energy Leadership Institute Internship Program | 12/30/22 | $137,675 |
Abby Topolsky Communications | 12/30/22 | $105,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $757,000 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,791,897 |
| All other contributions, gifts, grants, and similar amounts not included above | $14,842,468 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $20,391,365 |
| Total Program Service Revenue | $396,975 |
| Investment income | $319,556 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,946,399 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $26,054,295 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,075,693 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $1,926,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,109,172 |
| Compensation of current officers, directors, key employees. | $233,378 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,985,480 |
| Pension plan accruals and contributions | $128,151 |
| Other employee benefits | $266,503 |
| Payroll taxes | $472,861 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $37,261 |
| Fees for services: Accounting | $89,748 |
| Fees for services: Lobbying | $64,251 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,616,667 |
| Advertising and promotion | $12,064 |
| Office expenses | $113,135 |
| Information technology | $334,072 |
| Royalties | $0 |
| Occupancy | $294,551 |
| Travel | $272,289 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $84,624 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $49,952 |
| Insurance | $13,642 |
| All other expenses | $0 |
| Total functional expenses | $18,932,620 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $410,165 |
| Savings and temporary cash investments | $20,396,995 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,106,091 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,537,117 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $184,806 |
| Net Land, buildings, and equipment | $214,574 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $6,724,325 |
| Intangible assets | $0 |
| Other assets | $491,197 |
| Total assets | $32,065,270 |
| Accounts payable and accrued expenses | $961,665 |
| Grants payable | $308,800 |
| Deferred revenue | $0 |
| 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 | $510,771 |
| Total liabilities | $1,781,236 |
| Net assets without donor restrictions | $23,157,471 |
| Net assets with donor restrictions | $7,126,563 |
| 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 | $32,065,270 |
Grants Awarded
Over the last fiscal year, Elemental Excelerator Inc has awarded $6,054,993 in support to 51 organizations.
| Grant Recipient | Amount |
|---|---|
BOXPOWER INC PURPOSE: TO SUPPORT EDICT (EMPOWERING DIVERSE CLIMATE TALENT) INTERN(S) | $8,800 |
ACTERRA ACTION FOR A HEALTHY PLANET PURPOSE: TO SUPPORT EDICT (EMPOWERING DIVERSE CLIMATE TALENT) INTERN(S) | $17,600 |
CLIMATE AND ENERGY PROJECT INC PURPOSE: TO SUPPORT EDICT (EMPOWERING DIVERSE CLIMATE TALENT) INTERN(S) | $8,800 |
CLIMATE CABINET ACTION PURPOSE: TO SUPPORT EDICT (EMPOWERING DIVERSE CLIMATE TALENT) INTERN(S) | $13,200 |
COI ENERGY SERVICES INC PURPOSE: TO SUPPORT EDICT (EMPOWERING DIVERSE CLIMATE TALENT) INTERN(S) | $17,600 |
HAWAII ULU PRODUCERS COOPERATIVE PURPOSE: TO SUPPORT EDICT (EMPOWERING DIVERSE CLIMATE TALENT) INTERN(S) | $17,600 |