Elemental Excelerator Inc, also known as Elemental Impact, is a 501(c)(3) nonprofit investor based in Honolulu, Hawaii. The organization operates as a nonprofit investing platform focused on scaling innovative climate technologies with deep environmental and local impact. The organization invests in early-stage companies and deploys projects in partnership with local communities, working across energy, water, transportation, food and agriculture, nature-based solutions, and industry sectors.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$55.2M
+16.3% YoY
Annual Giving
$1.1M
-72.0% YoY
Grant Count
34
-12.8% YoY
Avg Grant Size
$34K
-67.8% YoY
Mission & Focus Areas
Elemental Impact is a 501(c)(3) nonprofit investor focused on scaling innovative technologies with deep environmental and local impact. The organization's mission centers on accelerating first-of-a-kind and early commercial technologies that make energy more reliable and affordable, help farmers grow food in changing conditions, strengthen domestic supply chains, and create jobs.
The organization addresses what it identifies as the "scale gap"—a critical funding and project expertise shortfall for first-of-a-kind and early commercial projects. Through its nonprofit model, Elemental Impact takes an impact-first approach to investing, supporting technologies and projects that require patient, flexible capital while de-risking investments for market-rate investors.
Primary funding focus areas include:
- Renewable Energy
- Marine resources
- Community and school gardens
- Environmental Education
- Public Infrastructure
- Energy resource conservation and development
Grantmaking
Elemental Impact provides catalytic funding and technical services to startups selected for its technology commercialization program. The organization invests in entrepreneurs building and deploying innovative technology solutions and implements commercial pilots and projects in local communities.
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Geographic Focus
Where this funder awards grants
Elemental Impact's portfolio is active nationwide as well as in more than 100 countries. Primary funding focus areas include California, New York, and Michigan.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total assets: $55,178,934
- Total revenues: $34,110,366
- Total expenses: $27,161,787
- Total liabilities: $1,990,000
- Number of employees: 77
As of 2023:
- Total assets: $47,432,534
- Total revenues: $35,742,100
- Total expenses: $19,978,849
- Number of employees: 69
The organization has raised over $10 billion in follow-on funding for its portfolio companies. Elemental Impact raises philanthropic and government funding to support its nonprofit model, which enables it to take an impact-first approach to investing.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $55,178,934 | $47,432,534 | $32,065,270 |
| Revenue | $34,110,366 | $35,742,100 | $26,054,295 |
| Expenses | $27,161,787 | $19,978,849 | $18,932,620 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $2,259,829 | $1,021,006 | $5,265,955 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
207 grants across all recorded years
Open Grants
2 open opportunities from Elemental Excelerator Inc
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| DAWN LIPPERT | DIRECTOR/CHIEF EXECUTIVE OFFICER | 32 | $335,248 |
| LAURENE POWELL JOBS | CHAIR OF THE BOARD | 1 | — |
| KELVIN TAKETA | DIRECTOR | 1 | — |
| CHERYL MARTIN | DIRECTOR | 1 | — |
| NAVEEN SIKKA | DIRECTOR | 1 | — |
| VIVIAN YASUNAGA | DIRECTOR | 1 | — |
| AVRA CELINE VAN DER ZEE | CHIEF OPERATING OFFICER | 40 | $384,847 |
| MICHAEL R CURTIS | CHIEF FINANCIAL OFFICER | 40 | $244,176 |
| MELISSA UHL | CHIEF GROWTH OFFICER | 32 | $190,348 |
| DANYA KATHLEEN HAKEEM | VP OF PORTFOLIO & INVESTMENTS | 40 | $227,486 |
| KIMBERLY KARRIS | VP OF GROWTH | 40 | $213,230 |
| CHRISTINA ANGELIDES | VP OF POLICY & DEPLOYMENT | 40 | $255,894 |
| MARK CALVIN CHAMBERS | VP OF PARTNERSHIPS | 40 | $280,625 |
| AMIR CHIREH MEHR | HEAD OF PROJECT FINANCE | 40 | $216,901 |
| APARNA REDDY | GENERAL COUNSEL | 40 | $244,301 |
Recent Activity & Recognition
Recent developments and announcements
**MacArthur Foundation Support:**
Elemental Excelerator received grants from the MacArthur Foundation totaling $900,000 across two years (2024-2025), with $400,000 awarded in 2024 and $500,000 in 2025 for impact investments.
[PDF] 990-PF - MacArthur Foundation**Partnerships & Initiatives:**
Wells Fargo partnership with New York City Energy Efficiency Corporation (NYCEEC) to catalyze climate technology innovation and improve capital access for climate innovators
Wells Fargo Grant Boosts New Financing Partnership between Elemental Excelerator2024 "Build Better Innovation Challenge" in partnership with Microsoft, Capgemini, and Bouygues
**Portfolio Scale:**
The organization's portfolio includes 160+ companies building technologies across its focus sectors.
**Organizational Rating:**
The organization holds a 95% score and Four-Star rating, with a score calculated entirely from Accountability & Finance metrics.
**Tax-Exempt Status:**
Tax-exempt since December 2017. EIN: 82-1112859
Subject Areas
Focus areas based on grantmaking activity
Related Funders
Similar funders by location and focus area
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NINOLE, HI
Assets
—
Grants
0
Total Given
—
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KEKAHA, HI
Assets
$1.9M
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1
Total Given
$150K
Wailea Community Association
WAILEA, HI
Assets
$4.1M
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3
Total Given
$138K
Skipping Stone Foundation
HONOLULU, HI
Assets
—
Grants
5
Total Given
$418K
Charles R Bishop Trust
HONOLULU, HI
Assets
$16.1M
Grants
2
Total Given
$471K
Hawaii Youth Services Network
HONOLULU, HI
Assets
$637K
Grants
4
Total Given
$189K
Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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