ACCELERATE 500 INC

As filed

Subsection

03

NTEE code

S20

Classification

2000

Street

1100 15TH ST NW STE 4

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Mission and programs · 2024

• 1. BEYOND 5- THE BEYOND 5 CAMPAIGN IS DESIGNED TO PROMOTE AND SUPPORT NEW MAJORITY BUSINESSES TO INCREASE THE LIKELIHOOD OF BUSINESS SUCCESS BEYOND THE TYPICAL FAILURE RATE OF 5 YEARS. THE CAMPAIGN IS COMPRISED OF THREE STRATEGIES:I. NATIONAL SOCIAL MEDIA CAMPAIGN IN AN EFFORT TO CHANGE THE NEGATIVE NARRATIVE AROUND FOUNDERS FOR COLOR, WE HAVE INITIATED A SOCIAL MEDIA CAMPAIGN TO PROMOTE NEW MAJORITY FOUNDERS WHO HAVE MADE IT BEYOND 5. OUR GOAL IS TO LEVERAGE OUR SOCIAL MEDIA, AND THAT OF OUR PARTNERS, TO PROMOTE THE SUCCESS STORIES OF NEW MAJORITY ENTREPRENEURS WHO HAVE BEEN RUNNING BUSINESSES BEYOND 5 YEARS. WE WELCOME ANY SELF-NOMINATIONS OR RECOMMENDATIONS FOR ENTREPRENEURS TO PROMOTE IN THE CAMPAIGN; EMAIL US AT [email protected]. SURVIVABILITY RESEARCH REPORTTHERE IS A DEARTH OF PRIMARY RESEARCH AND IN-DEPTH ANALYSIS ON WHAT IT TAKES A BUSINESS TO SURVIVE BEYOND 5 YEARS. OUR REPORT WILL COLLECT DATA FROM OVER 1,000 CANDIDATES AND SEEK TO PROVIDE INSIGHT ON KEY INPUTS FOR SURVIVING BEYOND 5 YEARS. WE WILL PROVIDE CASE STUDIES, AS WELL AS OUTLINES AREAS OF OPPORTUNITY FOR ECOSYSTEM BUILDERS, POLICY MAKERS, INVESTORS, AND THE LIKE TO HELP ADVANCE THESE BUSINESSES BEYOND THE "VALLEYS OF DEATH".2. PIPELINE PROGRAM - THE PIPELINE PROGRAM WAS CREATED TO EQUIP FOUNDERS WITH THE PROCESSES, MINDSETS AND GUIDANCE TO ADDRESS THESE CHALLENGES AND RAPIDLY ACCELERATE TOWARDS SCALE. THE AIM OF THE PIPELINE PROGRAM IS TO WORK WITH BUSINESS LEADERS TO IDENTIFY BUSINESS GOALS AND THEN DEVELOP AN ACTIONABLE PLAN TO NOT ONLY TO HELP THEM ACHIEVE THEIR GOALS, BUT TO HELP THEIR BUSINESS BECOME SUSTAINABLE. BY HELPING ENTREPRENEURS BUILD BETTER BUSINESSES, PIPELINE ENABLES COMPANIES TO ATTRACT THE TALENT, CAPITAL AND CONNECTIONS NEEDED FORLAST GROWTH AND DEVELOPMENT. THE PIPELINE PROGRAM IS FOCUSED ON HELPING ENTREPRENEURS GROW A SUCCESSFUL BUSINESS. THE PROGRAM'S FOCUS IS BEYOND LEARNING HOW TO PITCH AND PRESENT. INSTEAD, TIME IS INTENTIONALLY SPENT ON SUPPORTING BUSINESSES ON A PATH TO MATURITY. ENTREPRENEURS COMPLETING THE PROGRAM WILL HAVE A MORE INVESTMENT-READY BUSINESS AND TRULY UNDERSTAND WHY AND HOW TO DEPLOY FUTURE FINANCINGS.3. HERIMPACT - HERIMPACT IS DESIGNED TO HELP FEMALE SOCIAL ENTREPRENEURS SCALE THEIR ENTERPRISES IN ORDER TO INCREASE THEIR IMPACT AND LONG-TERM SUSTAINABILITY. THE PROGRAM WAS INITIATED IN THE FALL OF 2018. THE INITIATIVE IS COMPRISED OF AN ENTREPRENEURSHIP SUMMIT, WHICH IS DESIGNED TO BUILD COMMUNITY AND INCREASE THE CAPACITY OF FEMALE SOCIAL ENTREPRENEURS THROUGH ADVICE FROM EXPERTS, ONLINE TOOLS AND NETWORKING. THE INITIATIVE ALSO INCLUDES A PITCH COMPETITION, DESIGNED TO INVEST IN EARLY AND GROWTH STAGE COMPANIES IN THE REGION.

  Expenses $1,342,238 · Grants $69,987 · Revenue $26,249

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

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. Earlier years are each on their own filing page.

Filings

• 2024

  Revenue

  $2,436,835

  Expenses

  $4,189,334

  Contributions

  $2,410,586

  Grants paid

  $69,987

• 2023

  Revenue

  $3,081,284

  Expenses

  $4,588,079

  Contributions

  $3,025,949

  Grants paid

  $846,600

• 2022

  Revenue

  $6,555,531

  Expenses

  $4,506,128

  Contributions

  $6,407,182

  Grants paid

  $593,250

• 2022

  Revenue

  $3,813,997

  Expenses

  $4,233,440

  Contributions

  $3,813,997

  Grants paid

  $593,250

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

• 2021 · 990

  Revenue

  $5,606,811

  Expenses

  $2,826,680

  Assets (EOY)

  $4,861,343

• 2021 · 990

  Revenue

  $5,606,902

  Expenses

  $2,826,680

  Assets (EOY)

  $4,861,434

• 2020 · 990

  Revenue

  $2,780,743

  Expenses

  $1,353,745

  Assets (EOY)

  $2,491,815

• 2019 · 990

  Revenue

  $781,793

  Expenses

  $435,510

  Assets (EOY)

  $373,987

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all.

Grants made

• FEMLY CORPORATION

  $50,000

  2023 · BUSINESS CONTINUITY

• TIRZA DESIGN LLC

  $27,500

  2023 · BUSINESS CONTINUITY

• THE LAB DRAWER LLC

  $25,000

  2023 · BUSINESS CONTINUITY

• BLACK GIRL MATHGIC

  $20,000

  2023 · BUSINESS CONTINUITY

• KC CAN COMPOST

  $12,500

  2023 · BUSINESS CONTINUITY

• PARAMI LLC

  $10,000

  2023 · BUSINESS CONTINUITY

• SMART FENCE COMPANY LLC

  $10,000

  2023 · BUSINESS CONTINUITY

• RUTHLESS BEAUTY LLC

  $10,000

  2022 · BUSINESS CONTINUITY

• SWEETS BY KEET LLC

  $10,000

  2022 · BUSINESS CONTINUITY

• KEISHA ELISE COSMETICS

  $7,000

  2022 · BUSINESS CONTINUITY

The 10 largest by cash amount. The API serves every itemized grant.

Where these grants went next →

Grants received

• TIDES FOUNDATION

  $100,000

  2023 · EQUITY, HUMAN RIGHTS, AND ECONOMIC EMPOWERMENT

• NAREIT FOUNDATION

  $50,000

  2023 · CHARITABLE GRANT

Other IRS files