NonprofitsAccelerate 500 Inc

Community Improvement & Capacity Building

Accelerate 500 Inc

WASHINGTON, DC

Total revenue

$2.4M

Total expenses

$4.2M

Net assets

$4.4M

Grants received

$5.6M

26 grants

EIN

824059664

Tax year

2024

Mission

A business development program designed to bridge the gap between entrepreneurship and equity.

Financials

FY 2024

Revenue

Contributions & grants$2.4M
Program service revenue
Investment income$26K
Other revenue
Total revenue$2.4M

Expenses

Grants paid$70K
Salaries & benefits$1.2M
Fundraising$301K
Other expenses$2.8M
Total expenses$4.2M
Total assets$5.2M
Net assets$4.4M

People

7 listed

NameRoleCompensation

MELISSA BRADLEY

MANAGING PARTNER

Board

$368K

1 hrs/wk

JENN FLYNN

CHAIR

Board

1 hrs/wk

GRAHAM MCLAUGHLIN

VICE CHAIR

Board

1 hrs/wk

VONETTA YOUNG

DIRECTOR

Board

1 hrs/wk

RUSTIN BROWN

DIRECTOR

Board

1 hrs/wk

MARISSA MAHONEY

DIRECTOR

Board

1 hrs/wk

AERICA BANKS

DIRECTOR

Board

1 hrs/wk

Grants received

Showing 26 of 26

FromAmountPurposeYear
$400K
COMMUNITY PROGRESS MAKERS
2024
$50K
CHARITABLE GRANT
2024
$320K
Jobs and Family Economic Security
2023
$153K
ECONOMIC MOBILITY
2023
$100K
EQUITY, HUMAN RIGHTS, AND ECONOMIC EMPOWERMENT
2023
$50K
CHARITABLE GRANT
2023
$20K
TOWARD THE COSTS OF PROVIDING COMPETITIVE CAPITAL WITH TECHNICAL ASSISTANCE TO DISADVANTAGED ENTREPRENEURS IN U.S.CITIES TO HELP NAVIGATE UNCERTAINTY RELATED TO THE PANDEMIC AND OVERCOME PERSISTENT STRUCTURAL BARRIERS
2023
$3K
TOWARD THE COSTS OF PROVIDING COMPETITIVE CAPITAL WITH TECHNICAL ASSISTANCE TO DISADVANTAGED ENTREPRENEURS IN U.S. CITITES TO HELP NAVIGATE UNCERTAINTY RELATED TO THE PANDEIC AND OVERCOME PERSISTENT STRUCTURAL BARRIERS.
2023
$1.9M
GRANT TO IMPLEMENT ONE MILLION BLACK WOMEN FOR BLACK IN BUSINESS NATIONWIDE.
2022
$300K
enable the organization to achieve its mission of providing programs, coaching, town halls and capital for the entrepreneur community to positively change the narrative in the work for individuals who have been historically marginalized and disinvested by providing general operating support
2022
$275K
ECONOMIC MOBILITY
2022
$230K
TOWARD THE COSTS OF PROVIDING COMPETITIVE CAPITAL WITH TECHNICAL ASSISTANCE TO DISADVANTAGED ENTREPRENEURS IN U.S.CITIES TO HELP NAVIGATE UNCERTAINTY RELATED TO THE PANDEMIC AND OVERCOME PERSISTENT STRUCTURAL BARRIERS
2022
$100K
BLACK GRAVITY
2022
$100K
BLACK GRAVITY
2022
$15K
SUPPORT FOR CONVENINGS, FORUMS AND EVENTS THAT TARGET BIPOC INVESTORS, ENTREPRENEURS, COMMUNITY LEADERS, AND BUSINESS PROFESSIONALS TO HELP ADVANCE ENTREPRENEURIAL BUSINESS STARTS AND GROWTH. 202208-12828
2022
$405K
General Support
2021
$300K
enable the organization to achieve its mission of providing programs, coaching, town halls and capital for the entrepreneur community to positively change the narrative in the work for individuals who have been historically marginalized and disinvested by providing general operating support
2021
$15K
3Rs Program Growth
2021
$400K
General Support
2020
$250K
TOWARD THE COSTS OF PROVIDING TARGETED, COMPETITIVE CAPITAL WITH CONTEXTUAL TECHNICAL ASSISTANCE TO LATINX AND BLACK ENTREPRENEURS IN CITIES ACROSS THE U.S. TO HELP THEM NAVIGATE UNCERTAINTY RELATED TO THE COVID-19 PANDEMIC AND TO OVERCOME PERSISTENT STRUCTURAL BARRIERS RELATED TO RACE AND GENDER
2020
$75K
MULTI-CULTURAL
2020
$55K
EQUALITY, HUMAN RIGHTS, AND ECONOMIC EMPOWERMENT
2020
$25K
support for the Build Back Better
2020
$10K
GENERAL SUPPORT
2020
$10K
PUBLIC, SOCIETAL BENEFIT
2020
$50K
General Support
2019

Funded by

$5.6M from 14 funders · 26 grants · 2019–2024

The Goldman Sachs Foundation

$1.9M · 1 grant · 2022

WK Kellogg Foundation

$920K · 3 grants · 2021–2023

Surdna Foundation Inc

$855K · 3 grants · 2019–2021

The Rockefeller Foundation

$503K · 4 grants · 2020–2023

Ford Motor Company Fund

$503K · 3 grants · 2020–2023

Citi Foundation

$400K · 1 grant · 2024

Freedom Together Foundation

$200K · 2 grants · 2022

Tides Foundation

$155K · 2 grants · 2020–2023

Details

EIN824059664
NTEE codeS20
Subsection03
Ruling date2018-12
Formed2017
Employees11
Volunteers0
ACCELERATE 500 INC — Mission, Financials & Grants Received | Grantivo