Skip to content
Nonprofiteer
← ACCELERATE CHANGE INC

Form 990 for tax year 2023

Filed by ACCELERATE CHANGE INC.

Totals

Total revenue
$30,232,594
Total expenses
$19,971,882
Contributions and grants received
$27,807,851
Grants paid
$4,810,471
Program service revenue
$163,131
Investment income
$2,261,267
Other revenue
$345
Total assets, end of year
$19,362,667
Total liabilities, end of year
$2,958,286
Net assets or fund balances, end of year
$16,404,381
Program services expenses (Part IX)
$18,413,144
Management and general expenses
$786,990
Fundraising expenses
$771,748
Program service expenses (Part III)
$18,413,144

Program services were 92.2% 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.

  • 1f · All other contributions, gifts and grants

    $27,807,851

  • 1g · Noncash contributions included above

    $322,670

  • 2a · Program service revenue: PROGRAM INCOME

    total $163,131 · related or exempt $163,131

  • 3 · Investment income

    total $675,641 · excluded $675,641

  • 7a · Gross sales of assets other than inventory

    securities $1,908,265

  • 7b · Less cost or other basis and sales expenses

    securities $322,639

  • 7c · Gain or loss

    securities $1,585,626

  • 7d · Net gain or loss

    total $1,585,626 · excluded $1,585,626

  • 11a · Other revenue: MISCELLANEOUS

    total $345 · related or exempt $345

  • 11e · Other revenue, total

    $345

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $4,810,471 · program services $4,810,471

  • 5 · Compensation of officers, directors and key employees

    total $394,446 · program services $190,779 · management and general $122,528 · fundraising $81,139

  • 7 · Other salaries and wages

    total $5,874,525 · program services $4,949,776 · management and general $441,680 · fundraising $483,069

  • 8 · Pension plan contributions

    total $59,182 · program services $48,530 · management and general $5,326 · fundraising $5,326

  • 9 · Other employee benefits

    total $473,670 · program services $388,410 · management and general $42,630 · fundraising $42,630

  • 10 · Payroll taxes

    total $492,492 · program services $403,844 · management and general $44,324 · fundraising $44,324

  • 11b · Fees: legal

    total $7,576 · management and general $7,576

  • 11g · Fees: other

    total $2,420,515 · program services $2,364,663 · management and general $27,926 · fundraising $27,926

  • 12 · Advertising and promotion

    total $4,460,316 · program services $4,460,316

  • 13 · Office expenses

    total $176,257 · program services $139,590 · management and general $21,419 · fundraising $15,248

  • 14 · Information technology

    total $232,362 · program services $189,307 · management and general $22,275 · fundraising $20,780

  • 16 · Occupancy

    total $4,477 · program services $3,671 · management and general $403 · fundraising $403

  • 17 · Travel

    total $555,800 · program services $455,756 · management and general $50,022 · fundraising $50,022

  • 19 · Conferences, conventions and meetings

    total $8,234 · program services $6,752 · management and general $741 · fundraising $741

  • 22 · Depreciation, depletion and amortization

    total $1,526 · program services $1,252 · management and general $137 · fundraising $137

  • 24a · Other expenses: BANK FEES

    total $33 · program services $27 · management and general $3 · fundraising $3

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $6,881,030 · end of year $17,981,367

  • 2 · Savings and temporary cash investments

    beginning of year $21,811 · end of year $163,288

  • 3 · Pledges and grants receivable

    beginning of year $60,000

  • 4 · Accounts receivable

    beginning of year $201,663 · end of year $8,350

  • 9 · Prepaid expenses and deferred charges

    beginning of year $5,950 · end of year $12,670

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

    $7,633

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

    $4,141

  • 10c · Land, buildings and equipment, net

    beginning of year $3,922 · end of year $3,492

  • 12 · Investments: other securities

    beginning of year $575,000 · end of year $1,193,500

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,957,635 · end of year $2,958,286

  • 27 · Net assets without donor restrictions

    beginning of year $5,791,741 · end of year $16,404,381

Mission and programs · 2023

Mission

TO DEVELOP AND TEST NEW MODELS FOR CITIZEN ORGANIZING, PARTICULARLY IN COMMUNITIES OF COLOR, THAT ARE SCALABLE, FINANCIALLY SELF-SUSTAINING, AND BUILD DEEP, TRUSTED RELATIONSHIPS THAT CAN MOVE PEOPLE TO TAKE ACTION.

Activities or mission (Part I)

EDUCATING THE PUBLIC, AND ESPECIALLY MINORITY AND UNDERPRIVILEGED MEMBERS OF THE PUBLIC, ON A RANGE OF PUBLIC INTEREST ISSUES INCLUDING ECONOMIC EQUALITY, CRIMINAL JUSTICE, HEALTHCARE, THE ENVIRONMENT, IMMIGRANT INTEGRATION, CHILD DEVELOPMENT, POVERTY, HOMELESSNESS, AND DEMOCRACY.

  • THE ACCELERATE CHANGE PROGRAM HELPS SOCIAL CHANGE ORGANIZATIONS BUILD THE PEOPLE POWER AND RESOURCES NEEDED TO MAKE THE LASTING INSTITUTIONAL CHANGES NEEDED FOR ALL COMMUNITIES TO THRIVE. IT HELPS ORGANIZATIONS DEVELOP INNOVATIVE WAYS TO ENGAGE THEIR MEMBERS USING LEAN STARTUP METHODOLOGIES AND OTHER STRATEGIES FOCUSED ON SOLVING REAL PROBLEMS AND ENHANCING THE LIVES OF THEIR CONSTITUENTS. ACCELERATE CHANGE ALSO HELPS FUNDERS TEST NEW MODELS FOR LARGE SCALE, FINANCIALLY SUSTAINABLE CITIZEN ORGANIZING BY IDENTIFYING SCALABLE CIVIC VENTURE OPPORTUNITIES, HELPING GRANTEES TEST NEW MODELS FOR BUILDING MEMBERSHIP, AND BUILDING EARNED REVENUE STRATEGIES INTO GRANTMAKING.

    Expenses $18,413,144 · Grants $4,810,471 · Revenue $163,476

As filed on the 2023 return.

Listed in Part VII

  • Marcia Eldrige

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    0.5

  • Dan Xie

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Jonathan Darnell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Kathrym Gonzales-Valle

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Adam Rivera

    TREASURER, SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

  • Peter Murray

    PRESIDENT

    Total calculated
    $0
    Hours/week
    34

  • Lea Madry

    EXECUTIVE DIRECTOR

    Total calculated
    $0
    Hours/week
    34

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.

Grants on this return

  • NOWTHIS MEDIA GROUP LLC

    $3,550,000

    COMMON PROGRAMMATIC PURPOSES

  • PROJECT PULSO INC

    $800,000

    COMMON PROGRAMMATIC PURPOSES

  • HEADCOUNT INC

    $400,000

    COMMON PROGRAMMATIC PURPOSES

  • PARENTSTOGETHER

    $60,000

    COMMON PROGRAMMATIC PURPOSES

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • PROGRESSIVE FUTURE EDUCATION NETWORK INC

    C · SOCIAL WELFARE · CO

Provenance

Return type
form_990
Tax year
2023
Filed
15 May 2025
IRS schema version
2023v6.0
Source object
202501359349304630

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.