Totals
- Total revenue
- $1,238,698
- Total expenses
- $1,663,078
- Contributions and grants received
- $893,613
- Grants paid
- $160,000
- Program service revenue
- $331,632
- Investment income
- $13,453
- Other revenue
- $0
- Total assets, end of year
- $507,572
- Total liabilities, end of year
- $2,284
- Net assets or fund balances, end of year
- $505,288
- Program services expenses (Part IX)
- $883,795
- Management and general expenses
- $779,283
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $883,795
Program services were 53.1% 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)
$468,416
-
1f · All other contributions, gifts and grants
$425,197
-
2a · Program service revenue: ACCELERATER AND ADVISE
total $320,174 · related or exempt $320,174
-
2b · Program service revenue: BOOT CAMP PROGRAM SALE
total $5,958 · related or exempt $5,958
-
2c · Program service revenue: START UP WORKSHOP SALE
total $5,000 · related or exempt $5,000
-
2d · Program service revenue: COMMUNITY SPONSOR SALE
total $500 · related or exempt $500
-
3 · Investment income
total $13,453 · excluded $13,453
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $160,000 · program services $160,000
-
5 · Compensation of officers, directors and key employees
total $241,063 · program services $96,425 · management and general $144,638
-
7 · Other salaries and wages
total $400,178 · program services $160,071 · management and general $240,107
-
9 · Other employee benefits
total $24,221 · program services $9,688 · management and general $14,533
-
10 · Payroll taxes
total $44,500 · program services $17,800 · management and general $26,700
-
11b · Fees: legal
total $50 · management and general $50
-
11c · Fees: accounting
total $41,862 · management and general $41,862
-
11g · Fees: other
total $68,737 · management and general $68,737
-
12 · Advertising and promotion
total $16,720 · management and general $16,720
-
13 · Office expenses
total $22,908 · management and general $22,908
-
14 · Information technology
total $21,811 · management and general $21,811
-
16 · Occupancy
total $143,420 · management and general $143,420
-
17 · Travel
total $34,235 · management and general $34,235
-
19 · Conferences, conventions and meetings
total $482 · management and general $482
-
23 · Insurance
total $3,080 · management and general $3,080
-
24a · Other expenses: OTHER DIRECT COSTS
total $439,811 · program services $439,811
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $635,939 · end of year $68,973
-
2 · Savings and temporary cash investments
beginning of year $340,433 · end of year $230,998
-
4 · Accounts receivable
end of year $188,401
-
9 · Prepaid expenses and deferred charges
end of year $18,160
-
15 · Other assets
beginning of year $0 · end of year $1,040
-
17 · Accounts payable and accrued expenses
beginning of year $11,226 · end of year $498
-
25 · Other liabilities
beginning of year $35,478 · end of year $1,786
-
27 · Net assets without donor restrictions
beginning of year $929,668 · end of year $505,288
Mission and programs · 2024
Mission
757 ACCELERATE IS A NON-PROFIT STARTUP ACCELERATOR AND INCUBATOR PROGRAM. OUR MISSION IS TO PROVIDE STARTUPS WITH THE CUSTOMIZED RESOURCES AND CAPITAL THEY NEED TO GROW. WE BOOST PROMISING STARTUPS TOWARDS CUSTOMER TRACTION AND REVENUE USING THEIR OWN NETWORK OF MENTORS, INVESTORS, SUPPORT SERVICE, WORKING SPACE, AND A LEAN STARTUP EDUCATION. OUR VALUES ARE ENTREPRENEURS-FIRST, GIVE BEFORE YOU GET, AND A LONG-TERM COMMITMENT TO HELPING STARTUPS DO MORE, FASTER.
-
IN 2024, 757 COLLAB DELIVERED HIGH-IMPACT PROGRAMMING ACROSS ITS CONTINUUM - STARTUP STUDIOS, ACCELERATE, AND ANGELS - POSITIONING HAMPTON ROADS AS A NATIONALLY RECOGNIZED INNOVATION HUB. THE ORGANIZATION DIRECTLY ENGAGED OVER 2,500 ENTREPRENEURS, CREATED 350 NEW JOBS, AND FACILITATED 90 INTERNSHIPS. THROUGH 757 STARTUP STUDIOS, OVER 200 STARTUPS HAVE BEEN INCUBATED SINCE LAUNCH, INCLUDING 24 NEW PRODUCTS LAUNCHED IN THE PAST YEAR ALONE. FOUNDERS LOGGED OVER 7,000 VISITS TO THE SPACE AND PARTICIPATED IN MORE THAN 100 FACILITATED PROGRAMS - WITH 98% OF THEM CALLING HAMPTON ROADS HOME.
Expenses $707,036 · Grants $160,000 · Revenue $331,632
-
757 ACCELERATE, THE FLAGSHIP INVESTOR-READINESS PROGRAM, HAS NOW SUPPORTED 54 STARTUPS ACROSS EIGHT COHORTS, HELPING RAISE MORE THAN $100 MILLION TO DATE, INCLUDING $20+ MILLION IN 2024. THE PROGRAM CREATED OVER 350 JOBS AND DELIVERED OVER 1,500 HOURS OF MENTORSHIP IN THE PAST YEAR. ADDITIONAL HIGHLIGHTS INCLUDE STRATEGIC INNOVATION PARTNERSHIPS ACROSS CLIMATE, HEALTH, AND DEFENSE TECH SECTORS. THE ORGANIZATION HOSTED 85 INVITE-ONLY INNOVATION EVENTS, FACILITATED OVER 200 MATB STARTUP CONNECTIONS, AND HELPED 28 SMALL BUSINESSES AND TWO UNIVERSITIES PITCH DIRECTLY TO NAVY AND AIR FORCE STAKEHOLDERS.
Expenses $176,759
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Nancy GrdenNANCY GRDEN
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 0.5
-
Blake LuseBLAKE LUSE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Drew UnvgarskyDREW UNVGARSKY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Angela ReddixANGELA REDDIX
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Rishap MalhotraRISHAP MALHOTRA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Dave LevinDAVE LEVIN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Paul NoldePAUL NOLDE
PREDSIDENT
- Total calculated
- $100,663
- From this org
- $100,663
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Willy DonaldsonWILLY DONALDSON
VICE OFFICER
- Total calculated
- $0
- Hours/week
- 0.5
-
Tina McRaeTINA MCRAE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Crissie HallCRISSIE HALL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Tim RyanTIM RYAN
EXECUTIVE DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Sarah Jane KirklandSARAH JANE KIRKLAND
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Dalip KapoorDALIP KAPOOR
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Rhonda AlexanderRHONDA ALEXANDER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Toi HunterTOI HUNTER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Jeff ConroyJEFF CONROY
TREASURER
- Total calculated
- $0
- Hours/week
- 0.5
-
Charles CorprewCHARLES CORPREW
SECRETARY
- Total calculated
- $140,400
- From this org
- $140,400
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
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
-
REBLOOD RX INC
$20,000
ORGANIZATION STARTUP FUNDS
-
NIGHTINGALE CARE SOLUTIONS
$20,000
ORGANIZATION STARTUP FUNDS
-
WORDS LIIVE
$20,000
ORGANIZATION STARTUP FUNDS
-
SLIP SIGNAL TECHNOLOGIES
$20,000
ORGANIZATION STARTUP FUNDS
-
LUFTCAR LLC
$20,000
ORGANIZATION STARTUP FUNDS
-
MARKBOTIX
$20,000
ORGANIZATION STARTUP FUNDS
-
NININGER MEDICAL INC
$20,000
ORGANIZATION STARTUP FUNDS
-
REENVISION AI INC
$20,000
ORGANIZATION STARTUP FUNDS
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 13 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202503219349300220
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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