Civic Intelligence

Entrepreneurial Development Center Inc

990 • Fiscal year 2023 • EIN 42-1447565

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 08, 2024

230 Second St SE Suite 212 212Cedar Rapids, IA 52401

(319) 369-4955

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

69th percentile

0.19x

Higher debt load relative to assets than 69% of similar nonprofits.

2023 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

68th percentile

0.18x

Higher debt load relative to revenue than 68% of similar nonprofits.

2023 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2023

Net Margin

25th percentile

-5.9%

Higher net margin than 25% of similar nonprofits.

2023 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

99th percentile

$310,000

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 36.3% of source-year revenue.

2023 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2023

Asset Growth

18th percentile

-10%

Faster asset growth than 18% of similar nonprofits.

2023 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

12th percentile

-14%

Faster revenue growth than 12% of similar nonprofits.

2023 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Assets

Down

$805,938

Down $89,620 (-10%) from 2022

Net Assets

Down

$649,822

Down $50,419 (-7.2%) from 2022

Liabilities

Down

$156,116

Down $39,201 (-20%) from 2022

Revenue

Down

$854,202

Down $137,479 (-14%) from 2022

Expenses

Up

$904,621

Up $53,513 (+6.3%) from 2022

Net Income

Down

-$50,419

Down $190,992 (-136%) from 2022

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.0M$500K$0Assets 2010: $697,390Liabilities 2010: $10,571Net Assets 2010: $686,8192010Assets 2011: $797,598Liabilities 2011: $7,889Net Assets 2011: $789,7092011Assets 2012: $675,285Liabilities 2012: $11,156Net Assets 2012: $664,1292012Assets 2013: $540,115Liabilities 2013: $11,834Net Assets 2013: $528,2812013Assets 2014: $338,367Liabilities 2014: $9,486Net Assets 2014: $328,8812014Assets 2015: $220,581Liabilities 2015: $8,671Net Assets 2015: $211,9102015Assets 2016: $265,363Liabilities 2016: $9,728Net Assets 2016: $255,6352016Assets 2017: $424,965Liabilities 2017: $18,270Net Assets 2017: $406,6952017Assets 2018: $514,649Liabilities 2018: $18,760Net Assets 2018: $495,8892018Assets 2019: $559,763Liabilities 2019: $25,375Net Assets 2019: $534,3882019Assets 2020: $676,242Liabilities 2020: $124,929Net Assets 2020: $551,3132020Assets 2021: $775,334Liabilities 2021: $215,666Net Assets 2021: $559,6682021Assets 2022: $895,558Liabilities 2022: $195,317Net Assets 2022: $700,2412022Assets 2023: $805,938Liabilities 2023: $156,116Net Assets 2023: $649,8222023Assets 2024: $840,402Liabilities 2024: $209,290Net Assets 2024: $631,1122024

Highlighted filing

2023

Assets$805,938
Liabilities$156,116
Net Assets$649,822

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500KExpenses 2010: $835,8102010Revenue 2011: $927,007Expenses 2011: $824,117Net Income 2011: $102,8902011Expenses 2012: $887,3492012Revenue 2013: $802,284Expenses 2013: $938,132Net Income 2013: -$135,8482013Revenue 2014: $778,456Expenses 2014: $977,856Net Income 2014: -$199,4002014Revenue 2015: $830,881Expenses 2015: $947,850Net Income 2015: -$116,9692015Revenue 2016: $886,132Expenses 2016: $847,281Net Income 2016: $38,8512016Revenue 2017: $938,836Expenses 2017: $858,779Net Income 2017: $80,0572017Revenue 2018: $979,679Expenses 2018: $890,485Net Income 2018: $89,1942018Revenue 2019: $1,044,696Expenses 2019: $1,006,197Net Income 2019: $38,4992019Revenue 2020: $1,059,705Expenses 2020: $1,042,780Net Income 2020: $16,9252020Revenue 2021: $1,030,832Expenses 2021: $1,022,477Net Income 2021: $8,3552021Revenue 2022: $991,681Expenses 2022: $851,108Net Income 2022: $140,5732022Revenue 2023: $854,202Expenses 2023: $904,621Net Income 2023: -$50,4192023Revenue 2024: $990,261Expenses 2024: $1,008,971Net Income 2024: -$18,7102024

Highlighted filing

2023

Revenue$854,202
Expenses$904,621
Net Income-$50,419
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 8, 2024
Return Version
2023v5.1
Gross Receipts
$854,202
Mission and Program Overview

Mission

To provide economic growth in the cedar rapids/iowa city corridor and throughout the state of iowa through the expansion of entrepreneurial enterprise.

Providing hands on guided assistance from seasoned business experts.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$648,807$506,464▼ $142,343
Investments in Publicly Traded Securities-$155,915-
Cash and Non-Interest-Bearing Accounts$200,136$98,338▼ $101,798
Accounts Receivable$31,281$39,484▲ $8,203
Prepaid Expenses and Deferred Charges$14,923$5,737▼ $9,186
Land, Buildings, and Equipment, Net$411$0▼ $411
Total Assets$895,558$805,938▼ $89,620
Liabilities
Accounts Payable and Accrued Expenses$195,317$156,116▼ $39,201
Total Liabilities$195,317$156,116▼ $39,201
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$700,241$649,822▼ $50,419
Total Net Assets Fund Balance$700,241$649,822▼ $50,419
Total Liabilities and Net Assets / Fund Balance$895,558$805,938▼ $89,620

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$98,000$98,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Curtis NelsonPresident/CEOFT$310,000$310,000

Board Members and Trustees

NameTitle
Jon DusekChair
Jim HaddadPast Chair/sec/treas
Aaron FriederichDirector
Brian BergstromDirector
Bruce LehrmanDirector
Chad PelleyDirector
Charles RohdeDirector
David HensleyDirector
Dennis JordanDirector
Hunter SkogmanDirector
Jack GonderDirector
Jasmine AlmoayyedDirector
Kim KingDirector
Kris GulickDirector
Larry HellingDirector
Nancy LinkDirector
Pat DiegnanDirector
Riley Eynon-lynchDirector
Steve SchoenauerDirector
Terry SullivanDirector
Tim KinterDirector
Tom DeboomDirector
William MccartanDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$683,700
Program Service Revenue
$158,651
Investment Income
$11,851
Other Revenue
$0
All Other Contributions
$422,200
Change in Net Assets
$-50,419
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$740,724
Other Expenses$163,897
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees---$531,335
Other Employee Benefits---$90,713
Other Salaries and Wages---$63,166
Occupancy---$45,420
Payroll Taxes---$37,690
Advertising---$30,920
Office Expenses---$22,408
Pension Plan Contributions---$17,820
Information Technology---$14,236
Fees for Services Accounting---$9,563
Insurance---$7,515
Travel---$2,894
Conferences and Meetings---$1,976
Depreciation Depletion---$962
Other Expenses---$806
Fees for Services Other---$220
All Other Expenses---$85
Total Functional Expenses$0$0$0$904,621
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Entity Managed by CEOOrganization Is Compensated for Services ProvidedNo$35,432
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The form 990 is reviewed by the ceo and finance committee prior to filing. A copy of the final version of the form 990 is provided to the board of directors prior to filing.

Form 990, Part VI, Section B, Line 12C

The organization has a conflict of interest policy. Each board member is required to complete a form annually disclosing any conflict of interest they may have. Compliance with the policy is reviewed annually by outside council. Any conflicts are also addressed at each board and comittee meeting.

Form 990, Part VI, Section B, Line 15A

An annual compensation plan for the organizations ceo is drawn up by the boards executive committee at the beginning of each calendar year and approved as part of the annual budget by the board of directors. Compensation is comprised of base salary, club and car allowance, and an annual incentive bonus based upon organizational goals. Compensation is derived using independent research data on ceos and executive directors or similar organizations on a national basis to maintain overall integrity and competitiveness. Independent research is updated on a regular basis. Documentation regarding the ceos compensation plan is maintained by human resources. A member of the boards executive committee approves all of the ceos expense reports and signs all checks writted to the ceo.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.

FORM 990, PART VI, SECTION B, LINE 11B:

The form 990 is reviewed by the ceo and finance committee prior to filing. A copy of the final version of the form 990 is provided to the board of directors prior to filing.

FORM 990, PART VI, SECTION C, LINE 19:

The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.

FORM 990, PART VI, SECTION B, LINE 12C:

The organization has a conflict of interest policy. Each board member is required to complete a form annually disclosing any conflict of interest they may have. Compliance with the policy is reviewed annually by outside council. Any conflicts are also addressed at each board and comittee meeting.

Filing and Contact Details

Filer

Filer Name
Entrepreneurial Development Center Inc
EIN
42-1447565
Phone
3193694955
Address
230 SECOND ST SE SUITE 212 212, CEDAR RAPIDS, IA 52401

Signing Officer

Name
Curtis Nelson
Title
President
Phone
3193694955
Signed
2024-11-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Curtis Nelson
Formed
1995
Legal Domicile
Ia
Voting Board Members
24
Independent Board Members
24
Employees
6
Volunteers
24

Preparer

Firm
Honkamp Krueger & Co Pc
Address
550 2ND ST SE UNIT 401, CEDAR RAPIDS, IA 52401
Preparer
Brian M Coller CPA
Phone
3195530015
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IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1PAST CHAIR/SEC/TREAS
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt23PRESIDENT/CEO
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01995
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt024
IRS990/GovernmentGrantsAmt0261500
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0854202
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt024
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt014236
IRS990/InsuranceGrp/TotalAmt07515
IRS990/InvestmentIncomeGrp/ExclusionAmt011851
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt011851
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0155915
IRS990/IRPDocumentCnt01
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt098000
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0411
IRS990/LandBldgEquipBasisNetGrp/EOYAmt00
IRS990/LandBldgEquipCostOrOtherBssAmt098000
IRS990/LegalDomicileStateCd0IA
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO PROVIDE ECONOMIC GROWTH THROUGH THE CREATION AND EXPANSION OF HIGH-IMPACT IOWA BUSINESSES.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0700241
IRS990/NetAssetsOrFundBalancesEOYAmt0649822
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0700241
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0649822
IRS990/NondeductibleContributionsInd01
IRS990/NondeductibleContriDisclInd01
IRS990/OccupancyGrp/TotalAmt045420
IRS990/OfficeExpensesGrp/TotalAmt022408
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt090713
IRS990/OtherExpensesGrp/Desc0REPAIRS & MAINTENANCE
IRS990/OtherExpensesGrp/Desc1PARKING
IRS990/OtherExpensesGrp/Desc2OTHER EXPENSES
IRS990/OtherExpensesGrp/Desc3FUNDRAISING
IRS990/OtherExpensesGrp/TotalAmt019962
IRS990/OtherExpensesGrp/TotalAmt14419
IRS990/OtherExpensesGrp/TotalAmt22511
IRS990/OtherExpensesGrp/TotalAmt3806
IRS990/OtherSalariesAndWagesGrp/TotalAmt063166
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt037690
IRS990/PensionPlanContributionsGrp/TotalAmt017820
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt014923
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt05737
IRS990/PrincipalOfficerNm0CURTIS NELSON
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0541610
IRS990/ProgramServiceRevenueGrp/Desc0SERVICE FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0158651
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0158651
IRS990/ProgSrvcAccomActy2Grp/Desc0NETWORKING AND EDUCATIONAL SERVICES:EVENTS AND SERVICES ARE DESIGNED TO EXPAND ENTREPRENEURS PER RESOURCE POOLS AND ENTREPRENEURIAL KNOWLEDGE THROUGH MEETINGS, NEWSLETTERS, SEMINARS AND GUIDANCE.
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0755949
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0806
IRS990/PYOtherExpensesAmt0123002
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0234926
IRS990/PYRevenuesLessExpensesAmt0140573
IRS990/PYSalariesCompEmpBnftPaidAmt0728106
IRS990/PYTotalExpensesAmt0851108
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0991681
IRS990/ReconcilationRevenueExpnssAmt0-50419
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0648807
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0506464
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt098000
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt098000
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/ClubDuesOrFeesInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0310000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0CURTIS NELSON
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT/CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0310000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SubstantiationRequiredInd01
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleJ/WrittenEmploymentContractInd0X
IRS990ScheduleJ/WrittenPolicyRefTAndEExpnssInd01
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0ACCELERATEIT LLC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0ENTITY MANAGED BY CEO
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt035432
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0ORGANIZATION IS COMPENSATED FOR SERVICES PROVIDED
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 IS REVIEWED BY THE CEO AND FINANCE COMMITTEE PRIOR TO FILING. A COPY OF THE FINAL VERSION OF THE FORM 990 IS PROVIDED TO THE BOARD OF DIRECTORS PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION HAS A CONFLICT OF INTEREST POLICY. EACH BOARD MEMBER IS REQUIRED TO COMPLETE A FORM ANNUALLY DISCLOSING ANY CONFLICT OF INTEREST THEY MAY HAVE. COMPLIANCE WITH THE POLICY IS REVIEWED ANNUALLY BY OUTSIDE COUNCIL. ANY CONFLICTS ARE ALSO ADDRESSED AT EACH BOARD AND COMITTEE MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AN ANNUAL COMPENSATION PLAN FOR THE ORGANIZATIONS CEO IS DRAWN UP BY THE BOARDS EXECUTIVE COMMITTEE AT THE BEGINNING OF EACH CALENDAR YEAR AND APPROVED AS PART OF THE ANNUAL BUDGET BY THE BOARD OF DIRECTORS. COMPENSATION IS COMPRISED OF BASE SALARY, CLUB AND CAR ALLOWANCE, AND AN ANNUAL INCENTIVE BONUS BASED UPON ORGANIZATIONAL GOALS. COMPENSATION IS DERIVED USING INDEPENDENT RESEARCH DATA ON CEOS AND EXECUTIVE DIRECTORS OR SIMILAR ORGANIZATIONS ON A NATIONAL BASIS TO MAINTAIN OVERALL INTEGRITY AND COMPETITIVENESS. INDEPENDENT RESEARCH IS UPDATED ON A REGULAR BASIS. DOCUMENTATION REGARDING THE CEOS COMPENSATION PLAN IS MAINTAINED BY HUMAN RESOURCES. A MEMBER OF THE BOARDS EXECUTIVE COMMITTEE APPROVES ALL OF THE CEOS EXPENSE REPORTS AND SIGNS ALL CHECKS WRITTED TO THE CEO.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE FORM 990 IS REVIEWED BY THE CEO AND FINANCE COMMITTEE PRIOR TO FILING. A COPY OF THE FINAL VERSION OF THE FORM 990 IS PROVIDED TO THE BOARD OF DIRECTORS PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE ORGANIZATION HAS A CONFLICT OF INTEREST POLICY. EACH BOARD MEMBER IS REQUIRED TO COMPLETE A FORM ANNUALLY DISCLOSING ANY CONFLICT OF INTEREST THEY MAY HAVE. COMPLIANCE WITH THE POLICY IS REVIEWED ANNUALLY BY OUTSIDE COUNCIL. ANY CONFLICTS ARE ALSO ADDRESSED AT EACH BOARD AND COMITTEE MEETING.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 11B:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19:

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.84$0.21$0.63$0.99$1.01$0.02
2023Detailed filing. Detailed filing data is available for this year.$0.81$0.16$0.65$0.85$0.90$0.05
2022Detailed filing. Detailed filing data is available for this year.$0.90$0.20$0.70$0.99$0.85$0.14
2021Detailed filing. Detailed filing data is available for this year.$0.78$0.22$0.56$1.03$1.02$0.01
2020Detailed filing. Detailed filing data is available for this year.$0.68$0.12$0.55$1.06$1.04$0.02
2019Detailed filing. Detailed filing data is available for this year.$0.56$0.03$0.53$1.04$1.01$0.04
2018Detailed filing. Detailed filing data is available for this year.$0.51$0.02$0.50$0.98$0.89$0.09
2017Detailed filing. Detailed filing data is available for this year.$0.42$0.02$0.41$0.94$0.86$0.08
2016Detailed filing. Detailed filing data is available for this year.$0.27$0.01$0.26$0.89$0.85$0.04
2015Detailed filing. Detailed filing data is available for this year.$0.22$0.01$0.21$0.83$0.95$0.12
2014Detailed filing. Detailed filing data is available for this year.$0.34$0.01$0.33$0.78$0.98$0.20
2013Detailed filing. Detailed filing data is available for this year.$0.54$0.01$0.53$0.80$0.94$0.14
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.68$0.01$0.66$0.89
2011Summary only. Only limited summary data is available for this year.$0.80$0.01$0.79$0.93$0.82$0.10
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.70$0.01$0.69$0.84