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Nonprofiteer
← IWU ACCELERATOR

Form 990 for tax year 2024

Filed by IWU ACCELERATOR.

Totals

Total revenue
$903,774
Total expenses
$992,763
Contributions and grants received
$666,750
Grants paid
$43,233
Program service revenue
$235,699
Investment income
$1,325
Other revenue
$0
Total assets, end of year
$0
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$0
Program services expenses (Part IX)
$819,640
Management and general expenses
$173,123
Fundraising expenses
$0
Program service expenses (Part III)
$819,640

Program services were 82.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $173,250

  • 1f · All other contributions, gifts and grants

    $493,500

  • 2a · Program service revenue: TUITION & FEES

    total $235,641 · related or exempt $235,641

  • 2b · Program service revenue: MISC.

    total $58 · related or exempt $58

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $1,325 · excluded $1,325

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 8c · Net income from fundraising events

    total $0

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0 · program services $0

  • 2 · Grants to domestic individuals

    total $43,233 · program services $43,233

  • 3 · Grants to foreign organizations and individuals

    total $0 · program services $0

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 5 · Compensation of officers, directors and key employees

    total $112,967 · program services $102,010 · management and general $10,957 · fundraising $0

  • 6 · Compensation of disqualified persons

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 7 · Other salaries and wages

    total $213,889 · program services $193,143 · management and general $20,746 · fundraising $0

  • 8 · Pension plan contributions

    total $4,108 · program services $410 · management and general $3,698 · fundraising $0

  • 9 · Other employee benefits

    total $32,350 · program services $11,499 · management and general $20,851 · fundraising $0

  • 10 · Payroll taxes

    total $38,078 · program services $25,061 · management and general $13,017 · fundraising $0

  • 11a · Fees: management

    total $95,500 · program services $87,400 · management and general $8,100 · fundraising $0

  • 11b · Fees: legal

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11c · Fees: accounting

    total $33,904 · management and general $33,904 · fundraising $0

  • 11d · Fees: lobbying

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11e · Fees: professional fundraising services

    total $0 · fundraising $0

  • 11f · Fees: investment management

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11g · Fees: other

    total $66,457 · program services $63,413 · management and general $3,044 · fundraising $0

  • 12 · Advertising and promotion

    total $80,217 · program services $79,030 · management and general $1,187 · fundraising $0

  • 13 · Office expenses

    total $10,270 · program services $9,439 · management and general $831 · fundraising $0

  • 14 · Information technology

    total $74,019 · program services $52,918 · management and general $21,101 · fundraising $0

  • 15 · Royalties

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 16 · Occupancy

    total $10,000 · program services $0 · management and general $10,000 · fundraising $0

  • 17 · Travel

    total $41,176 · program services $37,773 · management and general $3,403 · fundraising $0

  • 18 · Travel or entertainment for public officials

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $2,756 · program services $0 · management and general $2,756 · fundraising $0

  • 20 · Interest

    total $938 · program services $0 · management and general $938 · fundraising $0

  • 21 · Payments to affiliates

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $3,958 · program services $3,958 · management and general $0 · fundraising $0

  • 23 · Insurance

    total $21,748 · program services $16,998 · management and general $4,750 · fundraising $0

  • 24a · Other expenses: OTHER

    total $80,587 · program services $80,587 · management and general $0 · fundraising $0

  • 24b · Other expenses: BANK AND COLLECTION FEES

    total $7,965 · program services $2,896 · management and general $5,069 · fundraising $0

  • 24c · Other expenses: MEMBERSHIP AND DUES

    total $18,643 · program services $9,872 · management and general $8,771 · fundraising $0

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 26 · Joint costs (an allocation of the lines above)

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $252,919 · end of year $0

  • 4 · Accounts receivable

    beginning of year $80,797 · end of year $0

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,250 · end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $0

  • 10b · Land, buildings and equipment: accumulated depreciation

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $128,054 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $120,923 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year -$82,831 · end of year $0

  • 28 · Net assets with donor restrictions

    beginning of year $171,820 · end of year $0

Mission and programs · 2024

Mission

AI for Everyone: On a mission to bridge the AI knowledge gap and ensure no one gets left behind.

Activities or mission (Part I)

AI for Everyone On a mission to bridge the AI knowledge gap and ensure no one gets left behind.

  • Ai Workshops, Conferences and Courses to provide fast, relevant Ai information and training, both in-person and virtual, designed to drive both professional and personal development.

    Expenses $486,418 · Grants $37,348 · Revenue $173,653

  • Digital Literacy programming where participants learn computer basics, internet basics, email, career search skills and K-12 virtual learning support. The participants receive assistance to ensure they have the basic technology fluency, reading ability, and critical thinking capabilities needed to learn software development or cybersecurity principles and skills.

    Expenses $197,716

  • TECHNOLOGY COURSES IN CYBER SECURITY AND SOFTWARE DEVELOPMENT OFFERED IN 13-WEEK OR 26-WEEK CLASSES. ONE CYBER AND ONE SOFTWARE COURSE IS OFFERED EVERY 4 TO 6 WEEKS ROTATING BETWEEN FULL TIME AND PART TIME.

    Expenses $135,506 · Grants $5,885 · Revenue $62,046

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • John Qualls

    EXECUTIVE DIRECTOR

    Total calculated
    $136,866
    From this org
    $112,967
    From related orgs
    $0
    Other
    $23,899
    Hours/week
    40

  • Jon Kulaga

    Director

    Total calculated
    $454,547
    From this org
    $0
    From related orgs
    $318,645
    Other
    $135,902
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $303,632 related
    Bonus
    $0 + $12,241 related
    Other
    $0 + $2,772 related
    Deferred
    $0 + $43,344 related
    Nontaxable benefits
    $0 + $92,558 related
    Filer's total
    $0 + $454,547 related

  • Andrew Miller

    Vice-Chair and Director

    Total calculated
    $136,410
    From this org
    $0
    From related orgs
    $103,857
    Other
    $32,553
    Hours/week
    1 + 39 related

  • Barry Hines

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Eulala Eileen Hulme

    Board Chair and President

    Total calculated
    $201,982
    From this org
    $0
    From related orgs
    $171,052
    Other
    $30,930
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $162,258 related
    Bonus
    $0 + $6,568 related
    Other
    $0 + $2,226 related
    Deferred
    $0 + $13,229 related
    Nontaxable benefits
    $0 + $17,701 related
    Filer's total
    $0 + $201,982 related

  • Jeff Rayis

    TREASURER AND DIRECTOR (Beg 7/8/24)

    Total calculated
    $131,206
    From this org
    $0
    From related orgs
    $105,266
    Other
    $25,940
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $105,266 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $12,500 related
    Nontaxable benefits
    $0 + $13,440 related
    Filer's total
    $0 + $131,206 related

  • Kevin Wachtel

    Secretary and Director

    Total calculated
    $153,199
    From this org
    $0
    From related orgs
    $122,851
    Other
    $30,348
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $88,998 related
    Bonus
    $0 + $3,901 related
    Other
    $0 + $29,952 related
    Deferred
    $0 + $13,852 related
    Nontaxable benefits
    $0 + $16,496 related
    Filer's total
    $0 + $153,199 related

  • Michael Hineline

    Director

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation survey or study
  • 5a · Pay contingent on this organization's revenues

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 5a Compensation contingent on revenues of the organization
Beginning in July 2024, the executive director's compensation is comprised of a base salary and a percentage of the secured revenues of the organization.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Assets distributed on this return

Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.

1 distribution to a recipient named as a person, $63,750. Counted where the filer named the recipient as a person, as filed. Who received them, and what, are not published.

Provenance

Return type
form_990
Tax year
2024
Filed
12 November 2025
IRS schema version
2024v5.1
Source object
202513169349302981

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