Elemental Excelerator Inc
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.
Key facts about Elemental Excelerator Inc
- EIN
- 82-1112859
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $1,147,225
- Grants made (2024)
- 34
- Average grant
- $33,742
- Median grant
- $9,800
- Total assets
- $55,178,934
- Primary geography
- California (36% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated June 2026.
Who Elemental Excelerator Inc funds
By grant dollars, the top recipient states for Elemental Excelerator Inc's 34 itemized 2024 grants were California (36%), Oregon (18%) and New York (7%). The most frequent recipient cities were San Francisco, CA (3 grants), Detroit, MI (2 grants), Oakland, CA (2 grants) and Washington, DC (2 grants). None of its 34 grants with a stated purpose were described as general or operating support. Recurring purposes include "Support Hosting Summer Intern" (18 grants).
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.
Ready to take the next step with Elemental Excelerator Inc?
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
Share of all 34 itemized 2024 grant dollars.
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
208 grants across all recorded years
Open Grants
2 open opportunities from Elemental Excelerator Inc
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Community Energy Labs Inc ($210,000), Forum Mobility Inc ($200,000), Project Vesta ($100,000).
| Recipient | Purpose | Amount |
|---|---|---|
| COMMUNITY ENERGY LABS INC PORTLAND, OR | SUPPORT BUILDING EFFICIENCY PROJECT, SUPPORT HOSTING SUMMER INTERN | $210,000 |
| FORUM MOBILITY INC HALF MOON BAY, CA | SUPPORT ELECTRIC TRUCK PROJECT IN CALIFORNIA | $200,000 |
| PROJECT VESTA SAN FRANCISCO, CA | SUPPORT FOR COASTAL CARBON REMOVAL PROJECT | $100,000 |
| SHIFTED ENERGY HONOLULU, HI | SUPPORT FOR HAWAII HOME ENERGY EFFICIENCY PROJECT + HOSTING 2 SUMMER INTERNS | $67,600 |
| FRONTLINE GIG NORFOLK, VA | PRIZE FOR NEW ORLEANS INNOVATION CHALLENGE - WORKFORCE DEVELOPMENT | $50,000 |
| GRADIENT SAN FRANCISCO, CA | PRIZE FOR NEW ORLEANS INNOVATION CHALLENGE - HEAT PUMPS | $50,000 |
| GRO ENTERPRISES INC NEW ORLEANS, LA | PRIZE FOR NEW ORLEANS INNOVATION CHALLENGE - BUILDING MATERIALS | $50,000 |
| SOLAR AND ENERGY LOAN FUND OF ST LUCIE COUNTY INC FORT PIERCE, FL | SUPPORT TO HELP PREPARE COMPANIES IN THE SOUTHEAST FOR PROJECT FINANCING | $50,000 |
| SOURCE GLOBAL PBC SCOTTSDALE, AZ | SUPPORT DRINKING WATER ACCESS PROJECT IN TEXAS | $50,000 |
| TRANSCEND SOFTWARE WEST WINDSOR, NJ | SUPPORT WASTEWATER TREATMENT DESIGN PROJECT IN BRAZIL | $50,000 |
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
Frequently Asked Questions
What does Elemental Excelerator Inc fund?
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 …
How do I apply for a grant from Elemental Excelerator Inc?
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. **Grant Activity:** • Total giving: $856,425 (most recent filing) • Typical award range: $5,400–$960,000 • Recent grants include $50,000 to Solar and Energy Loan Fund of St Lucie County for support to…
Where does Elemental Excelerator Inc make 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.
What size grants does Elemental Excelerator Inc award?
In 2024, Elemental Excelerator Inc awarded 34 grants totaling $1.1M — an average of about $34K per grant, based on its IRS Form 990 filings.
What is Elemental Excelerator Inc's EIN?
Elemental Excelerator Inc's EIN (Employer Identification Number) is 82-1112859. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Elemental Excelerator Inc's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.