ACCELERATE 500 INC

EIN: 824059664 501(c)(3) Community Improvement

WASHINGTON, DC

Total Revenue
$2,436,835
Total Expenses
$4,189,334
Total Assets
$5,228,978
Net Assets
$4,351,950
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
DC
Principal Officer
MELISSA BRADLEY
Phone
9175496092
Tax Period
2024-01-01 to 2024-12-31

ACCELERATE 500 INC, founded in 2017, is a community nonprofit in the Community Improvement sector that reported $2.4M in total revenue in fiscal year 2024. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $4.2M exceeded revenue, resulting in a 72% operating deficit.

Mission

ACCELERATE 500 INC. IS A BUSINESS DEVELOPMENT PROGRAM DEESIGNED TO BRIDGE THE GAP BETWEEN ENTREPRENEURSHIP AND EQUITY. OUR PROGRAMS SEEK TO ACCELERATE NEW MAJORITY ENTREPENEURS FROM HIGH POTENTIAL TO HIGH GROWTH. OUR VISION IS TO CREATE $100 BILLION OF NEW WEALTH AND ECONOMIC POWER FOR AND BY THE NEW MAJORITY. THE FIRM PROVIDES SEVERAL PROGRAMS DESIGNED TO SUPPORT VARIOUS STAGES IN THE LIFECYCLE TO INCLUDE EARLY-STAGE AND GROWTH-STAGE.

Program Service Accomplishments

Program 1
Expenses: $1,342,238 Revenue: $26,249

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...

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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 INFO@1863VENTURES.NET.II. 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.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,410,586
Program Service Revenue $0
Investment Income $26,249
Other Revenue $0
TOTAL REVENUE $2,436,835

Expense Breakdown

Grants Paid $69,987
Salaries & Benefits $1,184,084
Fundraising Expenses $300,520
Program Expenses $1,342,238
Other Expenses $2,829,169
TOTAL EXPENSES $4,189,334

Year-over-Year Comparison

2024 2023 Change
Revenue $2,436,835 $3,081,284 -0.2%
Expenses $4,189,334 $4,588,079 -0.1%
Net Income $-1,752,499 $-1,506,795 +0.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
7
Independent Members
6
Employees
11
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$368,018
Total Directors
7
$368,018
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MELISSA BRADLEY MANAGING PARTNER 1.00
Officer Director
$368,018 $0 $368,018
JENN FLYNN CHAIR 1.00
Officer Director
$0 $0 $0
GRAHAM MCLAUGHLIN VICE CHAIR 1.00
Officer Director
$0 $0 $0
VONETTA YOUNG DIRECTOR 1.00
Director
$0 $0 $0
RUSTIN BROWN DIRECTOR 1.00
Director
$0 $0 $0
MARISSA MAHONEY DIRECTOR 1.00
Director
$0 $0 $0
AERICA BANKS DIRECTOR 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $2,436,835 $4,189,334 $5,228,978 $-1,752,499
2023 $3,081,284 $4,588,079 $6,429,966 $-1,506,795
2022 $6,555,531 $4,506,128 $8,379,905 $2,049,403
2022 $3,813,997 $4,233,440 $7,076,580 $-419,443
2021 $5,606,902 $2,826,680 $4,861,434 $2,780,222
2021 $5,606,811 $2,826,680 $4,861,343 $2,780,131
2020 $2,780,743 $1,353,745 $2,491,815 $1,426,998
2019 $781,793 $435,510 $373,987 $346,283
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