Civic Intelligence

Accelerated College Experiences Inc.

990 • Fiscal year 2023 • EIN 45-4101866

Jan 01, 2023 to Dec 31, 2023 • Filed on Apr 10, 2024

251 Heath Street 207Jamaica Plain, MA 02130

(617) 835-2973

Siviq Scores

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

Liabilities / Assets

64th percentile

0.01x

Higher debt load relative to assets than 64% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

64th percentile

0.01x

Higher debt load relative to revenue than 64% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

56th percentile

6.4%

Higher net margin than 56% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

98th percentile

$91,500

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 35.8% of source-year revenue.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

58th percentile

5.9%

Faster asset growth than 58% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

71st percentile

28%

Faster revenue growth than 71% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Up

$296,617

Up $16,610 (+5.9%) from 2022

Net Assets

Up

$295,049

Up $15,574 (+5.6%) from 2022

Liabilities

Up

$1,568

Up $1,036 (+195%) from 2022

Revenue

Up

$255,309

Up $55,987 (+28%) from 2022

Expenses

Up

$239,086

Up $84,922 (+55%) from 2022

Net Income

Down

$16,223

Down $28,935 (-64%) from 2022

Historical Trend

Balance Sheet Trend

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

$400K$300K$200K$100K$0Assets 2012: $3,740Liabilities 2012: $02012Assets 2013: $8,936Liabilities 2013: $02013Assets 2014: $51,000Liabilities 2014: $20,7522014Assets 2015: $17,253Liabilities 2015: $21,1352015Assets 2016: $25,708Liabilities 2016: $19,1772016Assets 2017: $29,885Liabilities 2017: $02017Assets 2018: $51,147Liabilities 2018: $02018Assets 2019: $129,869Liabilities 2019: $0Net Assets 2019: $129,8692019Assets 2020: $188,611Liabilities 2020: $0Net Assets 2020: $188,6112020Assets 2021: $235,709Liabilities 2021: $0Net Assets 2021: $235,7092021Assets 2022: $280,007Liabilities 2022: $532Net Assets 2022: $279,4752022Assets 2023: $296,617Liabilities 2023: $1,568Net Assets 2023: $295,0492023Assets 2024: $393,592Liabilities 2024: $465Net Assets 2024: $393,1272024

Highlighted filing

2023

Assets$296,617
Liabilities$1,568
Net Assets$295,049

Operations Trend

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

$400K$300K$200K$100K$0Revenue 2012: $31,372Expenses 2012: $27,632Net Income 2012: $3,7402012Revenue 2013: $61,972Expenses 2013: $56,776Net Income 2013: $5,1962013Revenue 2014: $88,241Expenses 2014: $63,915Net Income 2014: $24,3262014Revenue 2015: $85,026Expenses 2015: $78,897Net Income 2015: $6,1292015Revenue 2016: $113,168Expenses 2016: $103,412Net Income 2016: $9,7562016Revenue 2017: $120,585Expenses 2017: $99,512Net Income 2017: $21,0732017Revenue 2018: $121,489Expenses 2018: $100,287Net Income 2018: $21,2022018Revenue 2019: $152,350Expenses 2019: $126,701Net Income 2019: $25,6492019Revenue 2020: $186,395Expenses 2020: $126,897Net Income 2020: $59,4982020Revenue 2021: $174,285Expenses 2021: $127,963Net Income 2021: $46,3222021Revenue 2022: $199,322Expenses 2022: $154,164Net Income 2022: $45,1582022Revenue 2023: $255,309Expenses 2023: $239,086Net Income 2023: $16,2232023Revenue 2024: $319,060Expenses 2024: $221,400Net Income 2024: $97,6602024

Highlighted filing

2023

Revenue$255,309
Expenses$239,086
Net Income$16,223
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Apr 10, 2024
Return Version
2023v5.0
Gross Receipts
$255,309
Mission and Program Overview

Mission

Our mission is to enable students to own their development by setting their own high standard of personal and academic excellence as evidenced by a GPA of 3.0 or higher.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$225,157$213,258▼ $11,899
Accounts Receivable$54,850$83,359▲ $28,509
Savings and Temporary Cash Investments$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0--
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$280,007$296,617▲ $16,610
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$532$1,568▲ $1,036
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0--
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$532$1,568▲ $1,036
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$279,475$295,049▲ $15,574
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$279,475$295,049▲ $15,574
Total Liabilities and Net Assets / Fund Balance$280,007$296,617▲ $16,610
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Lorita WilliamsPresident/CEOFT$91,500$91,500
Mia RobertsTreasurerPT$26,332$26,332

Board Members and Trustees

NameTitle
Audra BohannonBoard Chair
Adrian MimsSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$66,867
Program Service Revenue
$188,442
Investment Income
$0
Other Revenue
$0
All Other Contributions
$66,867
Change in Net Assets
$16,223
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$144,748
Salaries, Compensation, and Employee Benefits$91,500
Total Fundraising Expense$13,991
Grants and Similar Amounts Paid$2,838
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Comp Disqual Persons$84,500$7,000$0$91,500
Fees for Services Other$72,959$0$0$72,959
Advertising$0$201$6,773$6,974
Other Expenses$3,242$574$1,200$5,016
Fees for Services Management$500$1,477$2,750$4,727
Conferences and Meetings$1,305$3,253$0$4,558
Travel$3,748$260$0$4,008
Information Technology$2,859$0$0$2,859
Grants to Domestic Individuals$2,838--$2,838
Fees for Services Accounting$688$1,595$0$2,283
Occupancy$1,959$0$0$1,959
Office Expenses$108$0$0$108
All Other Expenses$47$0$0$47
Total Functional Expenses$208,928$16,167$13,991$239,086
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
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
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
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
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 completed Form 990 is presented to the governing body at the first meeting held after the completion of the documents. It is also made available in electronic form, via email, to all members who wish to review a copy in this manner.

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

Annual conflict of interest disclosures are required.

Form 990, Part VI, Section B, Line 15

The compensation committee approved compensation based on a review of compensation in similarly situated organizations.

Form 990, Part VI, Section C, Line 19

Governing documents, conflict of interest policy, and financial statements are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Accelerated College Experiences Inc
EIN
45-4101866
Phone
6178352973
Address
251 Heath Street 207, Jamaica Plain, MA 02130

Signing Officer

Name
Lorita Williams
Title
President/CEO
Phone
6178352973
Signed
2024-04-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lorita Williams
Formed
2012
Legal Domicile
Ma
Voting Board Members
4
Independent Board Members
2
Employees
0
Volunteers
10

Preparer

Firm
Swift Philanthropy Solutions
Address
PO Box 847, Windermere, FL 34786
Preparer
Melanie Swift Guin MNM
Phone
3212367292
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Nonemployee Program Staff

Raw XML AppendixShowing 400 of 524 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt016223
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0188442
IRS990/SavingsAndTempCashInvstGrp/BOYAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearAmt017495
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus1YearAmt02511
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus2YearsAmt04105
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus3YearsAmt03150
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus4YearsAmt03050
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt030311
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt066867
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt054029
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt014275
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt035950
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt03050
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0174171
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/CurrentTaxYearAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt00
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0188442
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0145293
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0160010
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0150445
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0187788
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0831978
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearAmt00
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/InvestmentIncomePYPct00
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearAmt00
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt00
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/CurrentTaxYearAmt00
IRS990ScheduleA/Post1975UBTIGrp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/Post1975UBTIGrp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/Post1975UBTIGrp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/Post1975UBTIGrp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.96987
IRS990ScheduleA/PublicSupportPY509Pct00.98302
IRS990ScheduleA/PublicSupportTotal509Amt0975838
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt017495
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt02511
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt04105
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt03150
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt03050
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt030311
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/CurrentTaxYearAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0255309
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0199322
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0174285
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0186395
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0190838
IRS990ScheduleA/Total509Grp/TotalAmt01006149
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0255309
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0199322
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0174285
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0186395
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0190838
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01006149

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.94$0.00$3.93$3.19$2.21$0.98
2023Detailed filing. Detailed filing data is available for this year.$2.97$0.02$2.95$2.55$2.39$0.16
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.80$0.01$2.79$1.99$1.54$0.45
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.36$0.00$2.36$1.74$1.28$0.46
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.89$0.00$1.89$1.86$1.27$0.59
2019Detailed filing. Detailed filing data is available for this year.$1.30$0.00$1.30$1.52$1.27$0.26
2018Summary only. Only limited summary data is available for this year.$0.51$0.00$1.21$1.00$0.21
2017Summary only. Only limited summary data is available for this year.$0.30$0.00$1.21$1.00$0.21
2016Summary only. Only limited summary data is available for this year.$0.26$0.19$1.13$1.03$0.10
2015Summary only. Only limited summary data is available for this year.$0.17$0.21$0.85$0.79$0.06
2014Summary only. Only limited summary data is available for this year.$0.51$0.21$0.88$0.64$0.24
2013Summary only. Only limited summary data is available for this year.$0.09$0.00$0.62$0.57$0.05
2012Summary only. Only limited summary data is available for this year.$0.04$0.00$0.31$0.28$0.04