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Nonprofiteer
← ACCELERATE4KIDS FOUNDATION

Form 990 for tax year 2022

Filed by ACCELERATE4KIDS FOUNDATION.

Totals

Total revenue
$203,759
Total expenses
$248,428
Contributions and grants received
$67,138
Grants paid
$0
Program service revenue
$136,621
Investment income
$0
Other revenue
$0
Total assets, end of year
$12,165
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$12,165
Program services expenses (Part IX)
$165,901
Management and general expenses
$65,317
Fundraising expenses
$17,210
Program service expenses (Part III)
$165,901

Program services were 66.8% 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

    $67,138

  • 2a · Program service revenue: Tech Service Revenue

    total $136,621 · related or exempt $136,621

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $62,400 · program services $9,360 · management and general $49,920 · fundraising $3,120

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $27,706 · program services $27,706

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $7,285 · program services $3,049 · management and general $3,987 · fundraising $249

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $70 · management and general $70

  • 11c · Fees: accounting

    total $5,204 · management and general $5,204

  • 11d · Fees: lobbying

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $119,550 · program services $119,550

  • 12 · Advertising and promotion

    total $13,049 · program services $3,915 · fundraising $9,134

  • 13 · Office expenses

    total $1,122 · program services $823 · management and general $299

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $600 · management and general $600

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $610 · management and general $610

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $2,491 · program services $217 · management and general $2,274

  • 24a · Other expenses: Class/camp food, supplies and materials

    total $1,281 · program services $1,281

  • 24b · Other expenses: Event supplies and expenses

    total $4,707 · fundraising $4,707

  • 24e · All other expenses

    total $2,353 · management and general $2,353

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $56,834 · end of year $12,165

  • 27 · Net assets without donor restrictions

    beginning of year $56,834 · end of year $7,165

  • 28 · Net assets with donor restrictions

    end of year $5,000

Mission and programs · 2022

Mission

To create tomorrow creators by providing quality computer science and technology education to every child so they too can live a life of opportunity and prosperity

  • Accelerate4KIDS Foundation provides quality computer science and technology education to every child so they too can live a life of opportunity and prosperity. It aims to prepare K-12 youth in underserved communities for 21st Century opportunities in technology, and provides quality technology education including computer science, robotics, game design and digital arts, while teaching 21st Century skills like creativity, critical thinking, collaboration, communication and social emotional learning. We believe our unique STEM.org Accredited programs will develop kids to be adaptable to become tomorrow creators.

    Expenses $165,901 · Revenue $136,621

As filed on the 2022 return.

Listed in Part VII

  • Thanh Tran

    Executive Director

    Total calculated
    $62,400
    From this org
    $60,000
    From related orgs
    $0
    Other
    $2,400
    Hours/week
    45
  • Carolyn Clifford

    Board Member

    Total calculated
    $0
    Hours/week
    0.1
  • Erin Grant

    Board Member

    Total calculated
    $0
    Hours/week
    0.1
  • Jeffrey May

    Board Member

    Total calculated
    $0
    Hours/week
    0.1
  • Kevin Fite

    Board Member

    Total calculated
    $0
    Hours/week
    0.1
  • Maria LaLonde

    Board Member

    Total calculated
    $0
    Hours/week
    0.1

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
17 July 2023
IRS schema version
2022v5.0
Source object
202301989349300845

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