Nonprofits757 Accelerate Inc

Community Improvement & Capacity Building

757 Accelerate Inc

NORFOLK, VA

Total revenue

$1.2M

Total expenses

$1.7M

Net assets

$505K

Grants received

$282K

6 grants

EIN

823232312

Tax year

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.

Programs

1 program

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: $177K

Financials

FY 2024

Revenue

Contributions & grants$894K
Program service revenue$332K
Investment income$13K
Other revenue
Total revenue$1.2M

Expenses

Grants paid$160K
Salaries & benefits$710K
Fundraising
Other expenses$793K
Total expenses$1.7M
Total assets$508K
Net assets$505K

People

17 listed

NameRoleCompensation

PAUL NOLDE

PREDSIDENT

Board

$101K

40 hrs/wk

DREW UNVGARSKY

BOARD MEMBER

Board

0.5 hrs/wk

ANGELA REDDIX

BOARD MEMBER

Board

0.5 hrs/wk

RISHAP MALHOTRA

BOARD MEMBER

Board

0.5 hrs/wk

DAVE LEVIN

BOARD MEMBER

Board

0.5 hrs/wk

WILLY DONALDSON

VICE OFFICER

Board

0.5 hrs/wk

NANCY GRDEN

CHAIRMAN

Board

0.5 hrs/wk

CRISSIE HALL

BOARD MEMBER

Board

0.5 hrs/wk

TIM RYAN

EXECUTIVE DIRECTOR

Board

0.5 hrs/wk

SARAH JANE KIRKLAND

BOARD MEMBER

Board

0.5 hrs/wk

DALIP KAPOOR

BOARD MEMBER

Board

0.5 hrs/wk

RHONDA ALEXANDER

BOARD MEMBER

Board

0.5 hrs/wk

TOI HUNTER

BOARD MEMBER

Board

0.5 hrs/wk

JEFF CONROY

TREASURER

Board

0.5 hrs/wk

TINA MCRAE

BOARD MEMBER

Board

0.5 hrs/wk

BLAKE LUSE

BOARD MEMBER

Board

0.5 hrs/wk

CHARLES CORPREW

SECRETARY

Staff

$140K

40 hrs/wk

Grants received

Showing 6 of 6

FromAmountPurposeYear
$25K
HUMAN SERVICES
2023
$25K
For grant recipient's exempt purposes
2022
$17K
GENERAL SUPPORT
2018

Funded by

$282K from 5 funders · 6 grants · 2018–2023

Virginia Innovation Partnership

$200K · 2 grants · 2021–2022

The Landmark Foundation

$25K · 1 grant · 2023

Norfolk State University

$17K · 1 grant · 2018

Details

EIN823232312
NTEE codeS30
Subsection03
Ruling date2018-05
Formed2017
Employees7
Volunteers250
757 ACCELERATE INC — Mission, Financials & Grants Received | Grantivo