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← ACCELERATE INSTITUTE

Form 990 for tax year 2022

Filed by ACCELERATE INSTITUTE.

Totals

Total revenue
$2,250,299
Total expenses
$2,543,744
Contributions and grants received
$2,082,415
Grants paid
$2,500
Program service revenue
$194,790
Investment income
$37,807
Other revenue
-$64,713
Total assets, end of year
$978,286
Total liabilities, end of year
$120,199
Net assets or fund balances, end of year
$858,087
Program services expenses (Part IX)
$2,161,293
Management and general expenses
$89,574
Fundraising expenses
$292,877
Program service expenses (Part III)
$2,161,293

Program services were 85.0% 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.

  • 1c · Fundraising events

    $910,509

  • 1f · All other contributions, gifts and grants

    $1,171,906

  • 1g · Noncash contributions included above

    $97,415

  • 2a · Program service revenue: Program Fees

    total $194,790 · related or exempt $194,790

  • 2f · All other program service revenue

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

  • 3 · Investment income

    total $35,710 · excluded $35,710

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $99,512

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

    securities $97,415

  • 7c · Gain or loss

    securities $2,097 · other assets $0

  • 7d · Net gain or loss

    total $2,097 · excluded $2,097

  • 8a · Fundraising events: gross income

    $99,000

  • 8a · Fundraising events: contributions included on line 1c

    $910,509

  • 8b · Fundraising events: direct expenses

    $163,713

  • 8c · Net income from fundraising events

    total -$64,713 · excluded -$64,713

  • 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 $2,500 · program services $2,500

  • 5 · Compensation of officers, directors and key employees

    total $565,036 · program services $472,187 · management and general $13,264 · fundraising $79,585

  • 7 · Other salaries and wages

    total $1,269,055 · program services $1,229,637 · management and general $24,953 · fundraising $14,465

  • 8 · Pension plan contributions

    total $23,963 · program services $22,769 · management and general $577 · fundraising $617

  • 9 · Other employee benefits

    total $111,846 · program services $105,769 · management and general $2,469 · fundraising $3,608

  • 10 · Payroll taxes

    total $118,304 · program services $109,258 · management and general $2,675 · fundraising $6,371

  • 11c · Fees: accounting

    total $36,620 · management and general $36,620

  • 11g · Fees: other

    total $34,850 · program services $20,368 · management and general $4,258 · fundraising $10,224

  • 12 · Advertising and promotion

    total $178,626 · program services $4,572 · fundraising $174,054

  • 13 · Office expenses

    total $25,989 · program services $25,198 · management and general $195 · fundraising $596

  • 14 · Information technology

    total $46,700 · program services $44,366 · fundraising $2,334

  • 16 · Occupancy

    total $12,888 · program services $12,888

  • 17 · Travel

    total $28,213 · program services $26,989 · management and general $476 · fundraising $748

  • 19 · Conferences, conventions and meetings

    total $7,006 · program services $6,731 · fundraising $275

  • 22 · Depreciation, depletion and amortization

    total $7,076 · program services $7,076

  • 23 · Insurance

    total $75,072 · program services $70,985 · management and general $4,087

  • 24e · All other expenses

    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 $359,834 · end of year $88,834

  • 2 · Savings and temporary cash investments

    beginning of year $945,881 · end of year $831,102

  • 4 · Accounts receivable

    beginning of year $10,003 · 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 $25,611 · end of year $30,946

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

    $46,800

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

    $19,396

  • 10c · Land, buildings and equipment, net

    beginning of year $9,080 · end of year $27,404

  • 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 $63,877 · end of year $67,612

  • 19 · Deferred revenue

    beginning of year $135,000 · end of year $52,587

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $1,006,532 · end of year $858,087

  • 28 · Net assets with donor restrictions

    beginning of year $145,000 · end of year $0

Mission and programs · 2022

Mission

Accelerate Institute is an organization focused on closing the achievement gap by creating high impact school leaders that accelerate student achievement.

Activities or mission (Part I)

Accelerate Institute is an organization devoted to the betterment of urban children through education.

  • Accelerate Institute is an organization whose mission is to enable every child to reach their full potential by partnering with high-performing schools to dramatically accelerate student achievement. The Institute is anchored by the following programs: the School Accelerator is designed to train school principals and their leadership team in high output management strategies and tactics to accelerate the academic achievement of underperforming schools; the Leadership Academy provides practical day-to-day strategies to improve leadership practice in schools for vice principals, assistant principals, and other leadership team members in order to improve teachers' instructional practice and positively impact academic outcomes; and Alain Locke Charter School, the organization's subsidiary.

    Expenses $2,161,293 · Grants $2,500 · Revenue $194,790

As filed on the 2022 return.

Listed in Part VII

  • Patrick G Ryan Jr

    Chairman

    Total calculated
    $0
    Hours/week
    5 + 5 related

  • Lydia Ryan

    Director

    Total calculated
    $0
    Hours/week
    1

  • Robert J W Ryan

    Director

    Total calculated
    $0
    Hours/week
    1

  • Catherine Burns

    President and Chief Academic Officer

    Total calculated
    $225,825
    From this org
    $208,926
    From related orgs
    $0
    Other
    $16,899
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $208,426
    Bonus
    $500
    Other
    $0
    Deferred
    $6,268
    Nontaxable benefits
    $10,631
    Filer's total
    $225,825

  • Claire Hartfield

    Vice President and Secretary

    Total calculated
    $52,775
    From this org
    $52,775
    From related orgs
    $0
    Other
    $0
    Hours/week
    1 + 15 related

  • Dawn Moore

    Assistant Treasurer

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Judy McGarvey

    Treasurer

    Total calculated
    $0
    Hours/week
    10 + 30 related

  • Nora Ligurotis

    Chief Executive Officer

    Total calculated
    $246,500
    From this org
    $232,178
    From related orgs
    $0
    Other
    $14,322
    Hours/week
    40 + 5 related

    Schedule J breakdown matched by us

    Base
    $231,678
    Bonus
    $500
    Other
    $0
    Deferred
    $3,691
    Nontaxable benefits
    $10,631
    Filer's total
    $246,500

  • Erin Brooks

    Sr. Dir. Of Curriculum and Assessment

    Total calculated
    $151,418
    From this org
    $136,926
    From related orgs
    $0
    Other
    $14,492
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $136,426
    Bonus
    $500
    Other
    $0
    Deferred
    $3,861
    Nontaxable benefits
    $10,631
    Filer's total
    $151,418

  • Erin Slack

    Sr. Dir. of Curriculum and Instruction

    Total calculated
    $124,490
    From this org
    $112,700
    From related orgs
    $0
    Other
    $11,790
    Hours/week
    40

  • Katherine Pillai

    Dir. of Finance & Operations

    Total calculated
    $118,747
    From this org
    $105,524
    From related orgs
    $0
    Other
    $13,223
    Hours/week
    40

  • Keelin Philippe

    Sr. Dir. of Professional Learning

    Total calculated
    $146,420
    From this org
    $128,605
    From related orgs
    $0
    Other
    $17,815
    Hours/week
    40

  • Velia Soto

    Sr. Dir. of Curriculum and Assessment

    Total calculated
    $141,824
    From this org
    $127,372
    From related orgs
    $0
    Other
    $14,452
    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. 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
  • 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

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.

Provenance

Return type
form_990
Tax year
2022
Filed
16 January 2024
IRS schema version
2022v5.0
Source object
202440169349302829

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