Elemental Excelerator Inc

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 12/2021, Elemental Excelerator Inc employed 48 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 12/2020, Elemental Excelerator Inc generated $15.9m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 47.8% each year . All expenses for the organization totaled $11.6m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.

Since 2018, Elemental Excelerator Inc has awarded 113 individual grants totaling $14,118,259. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

ELEMENTAL EXCELERATOR (ORGANIZATION) IS A NONPROFIT DELAWARE CORPORATION WHOSE MISSION IS TO REDESIGN THE SYSTEMS AT THE ROOT OF CLIMATE CHANGE. THE ORGANIZATION CONDUCTS A TECHNOLOGY FUNDING AND DEPLOYMENT PROGRAM THAT SERVES TO CONNECT, COACH, AND SUPPORT STARTUPS BUILDING IMPORTANT, INNOVATIVE, AND EQUITABLE COMPANIES THAT HAVE THE POTENTIAL FOR SIGNIFICANT IMPACT IN THE AREAS OF ENERGY, WATER, TRANSPORTATION, FOOD AND AGRICULTURE, AND CIRCULAR ECONOMY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

ELEMENTAL EXCELERATOR (ORGANIZATION) IS A NONPROFIT DELAWARE CORPORATION WHOSE MISSION IS TO REDESIGN THE SYSTEMS AT THE ROOT OF CLIMATE CHANGE. THE ORGANIZATION CONDUCTS A TECHNOLOGY FUNDING AND DEPLOYMENT PROGRAM THAT SERVES TO CONNECT, COACH, AND SUPPORT STARTUPS BUILDING IMPORTANT, INNOVATIVE, AND EQUITABLE COMPANIES THAT HAVE THE POTENTIAL FOR SIGNIFICANT IMPACT IN THE AREAS OF ENERGY, WATER, TRANSPORTATION, FOOD AND AGRICULTURE, AND CIRCULAR ECONOMY. ADDITIONALLY, IN FURTHERANCE OF ITS EXEMPT PURPOSES, THE ORGANIZATION PROVIDES FUNDING SUPPORT TO THE STARTUPS SELECTED FOR ITS PROGRAM TO CATALYZE THE IMPLEMENTATION AND APPLICATION OF THE STRATEGIES, METHODS, AND EDUCATION PROVIDED BY THE ORGANIZATION, AND THE DEVELOPMENT AND DEMONSTRATION OF THESE INNOVATIVE SOLUTIONS THAT ARE OTHERWISE CONSIDERED TOO EXPENSIVE AND RISKY FOR A COMMERCIAL BUSINESS OR INVESTOR TO SUPPORT. ON THE LOCAL SCALE, THE ORGANIZATION WORKS WITH COMMUNITY, GOVERNMENT, BUSINESS, AND NONPROFIT REPRESENTATIVES TO IDENTIFY LOCAL AND REGIONAL CHALLENGES IN ENERGY, WATER, TRANSPORTATION, FOOD AND AGRICULTURE, AND VIRTUAL AND PHYSICAL INFRASTRUCTURE. ON THE GLOBAL SCALE, THE ORGANIZATION ALSO WORKS WITH NATIONAL OR MULTINATIONAL BUSINESSES AND ORGANIZATIONS TO IDENTIFY CHALLENGES AND ACCELERATE THE ADOPTION OF CLIMATE AND ENVIRONMENTAL SOLUTIONS. ONCE LOCAL AND GLOBAL NEEDS ARE IDENTIFIED, THE ORGANIZATION SEEKS, RECRUITS, AND SELECTS STARTUPS WITH SOLUTIONS THAT ADDRESS AN IDENTIFIED CRITICAL ISSUE TO PARTICIPATE IN THE ORGANIZATION'S PROGRAM. FURTHERMORE, THE ORGANIZATION SEEKS TO EXPAND EQUITY AND ACCESS TO THE BENEFITS OF INNOVATIVE CLIMATE AND ENVIRONMENTAL TECHNOLOGIES THAT MAY IMPROVE HEALTH AND ECONOMIC OUTCOMES FOR FRONTLINE COMMUNITIES AND UNDERSERVED GROUPS. TO THIS END, THE ORGANIZATION CONDUCTS EQUITY AND ACCESS COACHING, PROVIDES RESOURCES, AND FACILITATES EDUCATIONAL AND WORKFORCE DEVELOPMENT OPPORTUNITIES THROUGH STARTUPS PARTICIPATING IN ITS PROGRAM FOR YOUTH, VETERANS, WOMEN, AND OTHER GROUPS UNDERREPRESENTED IN THE TECHNOLOGY SECTOR. THE ORGANIZATION IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE U.S. INTERNAL REVENUE CODE AND IS NOT A PRIVATE FOUNDATION. ACCORDINGLY, QUALIFYING CONTRIBUTIONS TO THE ORGANIZATION ARE TAX-DEDUCTIBLE.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Bennet Group Strategic Communications
Marketing
$158,386
Rhodium Group
Independent Research
$337,500
Matthew Daniels
Independent Research
$160,000
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$840,000
Fundraising events$0
Related organizations$0
Government grants $7,873,422
All other contributions, gifts, grants, and similar amounts not included above$5,948,564
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$14,661,986
Total Program Service Revenue$0
Investment income $72,761
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $1,148,903
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $15,915,259

Grants Awarded

Over the last fiscal year, Elemental Excelerator Inc has awarded $6,636,100 in support to 44 organizations.

Grant RecipientAmount

EVRNU SPC

PURPOSE: TO FUND TECHNOLOGICAL SOLUTIONS IN CIRCULAR ECONOMY

$570,000

TRANSCEND SOFTWARE INC

PURPOSE: TO FUND TECHNOLOGICAL SOLUTIONS IN WATER

$525,000

FULL HARVEST TECHNOLOGIES INC

PURPOSE: TO FUND TECHNOLOGICAL SOLUTIONS IN FOOD & AGRICULTURE

$500,000

SUNFOLDING INC

PURPOSE: TO FUND TECHNOLOGICAL SOLUTIONS IN ENERGY

$400,000

CAMBRIAN WATER OPERATIONS LLC

PURPOSE: TO FUND TECHNOLOGICAL SOLUTIONS IN WATER

$398,000

VENCE CORP

PURPOSE: TO FUND TECHNOLOGICAL SOLUTIONS IN FOOD & AGRICULTURE

$315,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 6 grants that Elemental Excelerator Inc has recieved totaling $6,282,720.

Awarding OrganizationAmount
Goldman Sachs Philanthropy Fund

New York, NY

PURPOSE: COMMUNITY & HUMAN SERVICES

$5,040,000
Silicon Valley Community Foundation

Mountain View, CA

PURPOSE: Sciences

$1,000,000
The Schmidt Family Foundation

Palo Alto, CA

PURPOSE: ENCOURAGING A JUST TRANSITION AWAY FROM FOSSIL FUELS

$150,000
Harold K L Castle Foundation

Kailua, HI

PURPOSE: ROOT FOR INNOVATION IN HAWAII [5183; PC]

$57,720
Frost Family Foundation

Makawao, HI

PURPOSE: ADVANCEMENT OF WOMEN ENTREPRENEURS

$25,000
Schwab Charitable Fund

San Francisco, CA

PURPOSE: ENVIRONMENTAL AND ANIMALS

$10,000
View Grant Recipient Profile

Peer Organizations

Organization NameAssets
Christensen Fund
San Francisco, CA
$46,544,592
Earth Island Institute Inc
Berkeley, CA
$16,760,146
River Partners
Chico, CA
$15,926,609
Ecology Center
Berkeley, CA
$13,640,615
Santa Catalina Island Conservancy
Avalon, CA
$18,977,190
Elemental Excelerator Inc
Honolulu, HI
$15,915,259
Sierra Foothill Conservancy Tr
Mariposa, CA
$11,475,774
Island Conservation
Santa Cruz, CA
$8,035,021
Pachamama Alliance
San Francisco, CA
$8,257,728
Green Education Foundation
San Jose, CA
$9,135,673
Clientearth Usa Inc
Calabasas, CA
$8,181,021
Citizens Climate Education Corp
Coronado, CA
$6,465,563

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