Elevate Quantum logo

Elevate Quantum

Public charity · Grantmaker Denver, CO EIN: 93-1969790 Website

Elevate Quantum's exempt purpose is to unite Colorado, New Mexico, and Wyoming to establish the mountain west as a global leader in quantum development. Their mission focuses on enhancing U.S. economic and national security by fostering regional collaboration and strengthening engagement among stakeholders.

Key facts about Elevate Quantum

In short: Elevate Quantum gave $362K across 2 grants in 2025 (avg $181K), mostly in Colorado. Source: 2025 IRS Form 990.

EIN
93-1969790
Latest 990 filing
Form 990, 2025
Annual giving (2025)
$361,967
Grants made (2025)
2
Average grant
$180,984
Median grant
$180,984
Total assets
$6,492,958
Primary geography
Colorado (100% of itemized 2025 grant dollars)

Data from IRS Form 990, 2025; updated September 2026.

Financial Overview

From 2025 IRS Form 990 · View filing

Total Assets

$6.5M

+5071.2% YoY

Annual Giving

$362K

Grant Count

2

Avg Grant Size

$181K

About Elevate Quantum

Based on IRS filings

Elevate Quantum is a public charity, based in Denver, CO. IRS filing data is available from 2024 through 2025. As of 2025, the organization holds $6.5M in total assets. In 2025, it awarded 2 grants totaling $362K.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Share of 2025 grant dollars across all 2 itemized grants.

States

Cities

BoulderLafayette

Giving Over Time

Total grant dollars and number of grants per year

$0$100K$200K$300K$400K0 grants2024 2 grants2025

In 2025 it made 2 grants totaling $362K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2025

Qpic Inc: $285KQpic Inc$285KOctave Photonics: $77KOctave Photonics$77K

The largest 2025 recipient was Qpic Inc ($285K). Together the top 2 received $362K.

Grant Size Distribution

2 grants across all recorded years

<$50K1$50–100K$100–250K1$250–500K$500K–1M$1–5M$5M+

The most common grant size was in the $50–100K range: 1 grant of 2 (50%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Qpic Inc Boulder, CODevelopment of Nanofab$284,750
Octave Photonics Lafayette, COOctave Subaward Eq Project$77,217

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
$0$2M$4M$6M$8M2024 2025
Metric20252024
Total Assets$6,492,958$125,560
Revenue$7,142,294$510,520
Expenses$2,541,563$490,320

Data update history

When this profile's IRS filing data changed on Grantable

  1. Added Form 990 for fiscal year 2025 (received by the IRS August 17, 2026)
  2. Added Form 990 for fiscal year 2024 (received by the IRS August 15, 2025)

Leadership & Key People

Officers and directors from IRS filings

Elevate Quantum is led by Zachary Yerushalmi, Chief Executive Officer on the 2025 filing; 2 of 16 officers listed in 2025 are compensated.

Officers on the 2025 filing

  • Zachary Yerushalmi

    Chief Executive Officer

    New on the 2025 filing

    40 hrs/week

    $225K (2025)

  • Corban Tillemann-Dick

    Chair of the Board

    Chair & Director → Chair of the Board, 2025

    On filings since 2024

    3 hrs/week

    No compensation reported

  • Alex Greenberg

    Director

    Executive Officio Director → Director, 2025

    On filings since 2024

    3 hrs/week

    No compensation reported

  • Anthony Neal-Graves

    Director

    On filings since 2024

    3 hrs/week

    No compensation reported

  • Brooks Johnson

    Director

    On filings since 2024

    3 hrs/week

    No compensation reported

  • Colleen Simpson

    Director

    On filings since 2024

    3 hrs/week

    No compensation reported

  • Dan Caruso

    Director

    On filings since 2024

    3 hrs/week

    No compensation reported

  • Eve Lieberman

    Director

    Executive Officio Director → Director, 2025

    On filings since 2024

    3 hrs/week

    No compensation reported

  • Jesus Salazar

    Director

    On filings since 2024

    3 hrs/week

    No compensation reported

  • Marlou Slot

    Director

    On filings since 2024

    3 hrs/week

    No compensation reported

  • Massimo Ruzzene

    Director

    On filings since 2024

    3 hrs/week

    No compensation reported

  • Matthias Troyer

    Director

    On filings since 2024

    3 hrs/week

    No compensation reported

  • Wendy Lea

    Director

    On filings since 2024

    3 hrs/week

    No compensation reported

  • Reno Sanchez

    Director

    New on the 2025 filing

    3 hrs/week

    No compensation reported

  • Stephanie Tompkins

    Director

    New on the 2025 filing

    3 hrs/week

    No compensation reported

  • Jessi Olsen

    Chief Financial Officer

    New on the 2025 filing

    40 hrs/week

    $45K (2025)

Data from IRS Form 990 filings, 2024–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Compensation Overview

From 2025 IRS filing

Zachary Yerushalmi — Chief Executive Officer: $225KZachary YerushalmiChief Executive Officer$225KJessi Olsen — Chief Financial Officer: $45KJessi OlsenChief Financial Officer$45K

The highest reported compensation on the 2025 filing was $225K, to Zachary Yerushalmi (Chief Executive Officer). 2 officers or directors reported compensation on that filing.

Frequently asked questions about Elevate Quantum

How much does Elevate Quantum give each year?

Elevate Quantum gave $362K across 2 grants in 2025, according to its 2025 IRS Form 990.

How large is Elevate Quantum?

Elevate Quantum reported $6.5M in total assets on its 2025 IRS Form 990. Its revenue that year was $7.1M.

Where does Elevate Quantum operate?

Elevate Quantum has awarded grants in Colorado.

What is Elevate Quantum's EIN?

Elevate Quantum's EIN (Employer Identification Number) is 93-1969790. IRS Form 990 filing data is available on this page for 2024–2025.

Data last updated September 2026. Sourced from IRS Form 990 filings.

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