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← ACCELERATE GREAT SCHOOLS

Form 990 for tax year 2023

Filed by ACCELERATE GREAT SCHOOLS.

Totals

Total revenue
$4,751,369
Total expenses
$11,996,149
Contributions and grants received
$3,029,152
Grants paid
$10,182,320
Program service revenue
$0
Investment income
$1,698,068
Other revenue
$24,149
Total assets, end of year
$31,857,105
Total liabilities, end of year
$27,114
Net assets or fund balances, end of year
$31,829,991
Program services expenses (Part IX)
$11,492,480
Management and general expenses
$415,552
Fundraising expenses
$88,117
Program service expenses (Part III)
$11,492,480

Program services were 95.8% 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.

  • 1e · Government grants (contributions)

    $3,000,000

  • 1f · All other contributions, gifts and grants

    $29,152

  • 3 · Investment income

    total $698,068 · excluded $698,068

  • 7a · Gross sales of assets other than inventory

    other assets $1,000,000

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

    other assets $0

  • 7c · Gain or loss

    other assets $1,000,000

  • 7d · Net gain or loss

    total $1,000,000 · related or exempt $1,000,000

  • 11a · Other revenue: OTHER INCOME

    total $24,149 · related or exempt $24,149

  • 11e · Other revenue, total

    $24,149

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $10,182,320 · program services $10,182,320

  • 5 · Compensation of officers, directors and key employees

    total $617,578 · program services $475,366 · management and general $92,791 · fundraising $49,421

  • 7 · Other salaries and wages

    total $337,181 · program services $259,673 · management and general $49,701 · fundraising $27,807

  • 8 · Pension plan contributions

    total $12,894 · program services $9,858 · management and general $2,412 · fundraising $624

  • 9 · Other employee benefits

    total $25,930 · program services $19,824 · management and general $4,850 · fundraising $1,256

  • 10 · Payroll taxes

    total $61,674 · program services $46,257 · management and general $10,929 · fundraising $4,488

  • 11b · Fees: legal

    total $47,778 · management and general $47,778

  • 11c · Fees: accounting

    total $102,309 · management and general $102,309

  • 11g · Fees: other

    total $183,370 · program services $183,298 · management and general $72

  • 12 · Advertising and promotion

    total $94,865 · program services $94,865

  • 13 · Office expenses

    total $63,758 · program services $23,489 · management and general $39,452 · fundraising $817

  • 14 · Information technology

    total $36,732 · program services $10,330 · management and general $25,276 · fundraising $1,126

  • 16 · Occupancy

    total $51,192 · program services $23,581 · management and general $25,033 · fundraising $2,578

  • 17 · Travel

    total $52,501 · program services $52,486 · management and general $15

  • 19 · Conferences, conventions and meetings

    total $113,427 · program services $111,133 · management and general $2,294

  • 23 · Insurance

    total $2,165 · management and general $2,165

  • 24a · Other expenses: HR SUPPORT

    total $10,475 · management and general $10,475

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,313,293 · end of year $749,142

  • 2 · Savings and temporary cash investments

    beginning of year $13,393,897 · end of year $15,476,837

  • 3 · Pledges and grants receivable

    beginning of year $23,910,523 · end of year $15,595,101

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

    $22,261

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

    $1,855

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $20,406

  • 15 · Other assets

    beginning of year $6,696 · end of year $15,619

  • 17 · Accounts payable and accrued expenses

    beginning of year $35,638 · end of year $27,114

  • 18 · Grants payable

    beginning of year $514,000

  • 27 · Net assets without donor restrictions

    beginning of year $15,164,248 · end of year $16,234,890

  • 28 · Net assets with donor restrictions

    beginning of year $23,910,523 · end of year $15,595,101

Mission and programs · 2023

Mission

TO ENSURE EVERY STUDENT IN EVERY NEIGHBORHOOD OF CINCINNATI HAS ACCESS TO A GREAT SCHOOL.

  • THE ORGANIZATION INVESTS IN HIGH-PERFORMING K-12 SCHOOLS. IT WILL STRIVE TO INCREASE THE NUMBER OF STUDENTS WITH ACCESS TO EXCELLENT EDUCATIONAL OPPORTUNITIES IN THE CINCINNATI AREA. ADDITIONALLY, THE ORGANIZATION INVESTS IN PROGRAMS THAT RECRUIT, TRAIN, AND SUPPORT TEACHERS AND PRINCIPALS IN THE CINCINNATI AREA AND WORKS IN PARTNERSHIP WITH FAMILIES AND COMMUNITIES TO IMPROVE EDUCATIONAL OUTCOMES FOR ALL STUDENTS. THE ORGANIZATION IDENTIFIES FINANCIAL RESOURCES TO BE UTILIZED TOWARDS THESE ENDS.

    Expenses $11,492,480 · Grants $10,182,320 · Revenue $1,024,149

As filed on the 2023 return.

Listed in Part VII

  • SCOTT FARMER

    CO-CHAIR

    Total calculated
    $0
    Hours/week
    1

  • GEORGE JOSEPH

    CO-CHAIR

    Total calculated
    $0
    Hours/week
    1

  • MARY BETH MARTIN

    SECRETARY & TREASURER

    Total calculated
    $0
    Hours/week
    1

  • DOROTHY BATTLE

    DIRECTOR

    Total calculated
    $3,150
    From this org
    $3,150
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • JEB HEAD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LAURA MUELLER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TOM WILLIAMS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JOE ALLEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BRIAN NEAL

    CEO

    Total calculated
    $278,922
    From this org
    $268,736
    From related orgs
    $0
    Other
    $10,186
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $250,640
    Bonus
    $17,545
    Other
    $551
    Deferred
    $8,062
    Nontaxable benefits
    $2,124
    Filer's total
    $278,922

  • PAIGE LINDY

    CHIEF OF STAFF & OPERATIONS

    Total calculated
    $216,640
    From this org
    $190,639
    From related orgs
    $0
    Other
    $26,001
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $177,840
    Bonus
    $12,449
    Other
    $350
    Deferred
    $5,719
    Nontaxable benefits
    $20,282
    Filer's total
    $216,640

  • ETNYRE OSIAS

    CFO - PART YEAR

    Total calculated
    $118,865
    From this org
    $110,705
    From related orgs
    $0
    Other
    $8,160
    Hours/week
    40

  • DEBORAH HOWARD

    SVP OF PROGRAMS

    Total calculated
    $151,738
    From this org
    $145,728
    From related orgs
    $0
    Other
    $6,010
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $135,200
    Bonus
    $9,802
    Other
    $726
    Deferred
    $4,373
    Nontaxable benefits
    $1,637
    Filer's total
    $151,738

  • LATRICIA JONES

    VP OF GRANTS MGMT

    Total calculated
    $153,139
    From this org
    $127,824
    From related orgs
    $0
    Other
    $25,315
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $121,680
    Bonus
    $6,084
    Other
    $60
    Deferred
    $3,835
    Nontaxable benefits
    $21,480
    Filer's total
    $153,139

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 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 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

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

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202443199349311434

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