Liabilities / Assets
32nd percentile
Higher debt load relative to assets than 32% of similar nonprofits.
990 • Fiscal year 2020 • EIN 80-0775764
Refreshing map…
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
32nd percentile
Higher debt load relative to assets than 32% of similar nonprofits.
Liabilities / Revenue
60th percentile
Higher debt load relative to revenue than 60% of similar nonprofits.
Net Margin
96th percentile
Higher net margin than 96% of similar nonprofits.
Top Officer Pay
43rd percentile
Higher top officer pay than 43% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
56th percentile
Faster asset growth than 56% of similar nonprofits.
Revenue Growth
3rd percentile
Faster revenue growth than 3% of similar nonprofits.
Assets
Up$858,773
Up $64,527 (+8.1%) from 2019
Net Assets
Up$846,773
Up $53,351 (+6.7%) from 2019
Liabilities
Up$12,000
Up $11,176 (+1356%) from 2019
Revenue
Down$75,000
Down $225,000 (-75%) from 2019
Expenses
Down$21,649
Down $1,400 (-6.1%) from 2019
Net Income
Down$53,351
Down $223,600 (-81%) from 2019
Accelerate long island inc. (the "organization") is a unique collaboration among long island's world class research institutions and its business community to commercialize research and create an entrepreneurial ecosystem.
SEE SCHEDULE O
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Cash and Non-Interest-Bearing Accounts | $201,946 | $172,301 | ▼ $29,645 |
| Accounts Receivable | - | $15,000 | - |
| Prepaid Expenses and Deferred Charges | $2,989 | $2,160 | ▼ $829 |
| Savings and Temporary Cash Investments | $1,033 | $1,034 | ▲ $1 |
| Receivables From Officers Etc | - | $0 | - |
| Total Assets | $794,246 | $858,773 | ▲ $64,527 |
| Other Assets Total | $588,278 | $668,278 | ▲ $80,000 |
| Liabilities | |||
| Accounts Payable and Accrued Expenses | $824 | $12,000 | ▲ $11,176 |
| Total Liabilities | $824 | $12,000 | ▲ $11,176 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $792,388 | $845,739 | ▲ $53,351 |
| Net Assets With Donor Restrictions | $1,034 | $1,034 | → $0 |
| Total Net Assets Fund Balance | $793,422 | $846,773 | ▲ $53,351 |
| Total Liabilities and Net Assets / Fund Balance | $794,246 | $858,773 | ▲ $64,527 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Other Assets Org | $668,278 | - | - |
| Name | Title |
|---|---|
| Kevin S Law | Chairman |
| Leo Guthart | Vice Chairman |
| Bruce Stillman | Director |
| David Calone | Director |
| Doon Gibbs | Director |
| Michael Dowling | Director |
| Nancy Rauch-douzinas | Director |
| Steve Winick | Director |
| Stuart Rabinowitz | Director |
| Noel Goddard | Managing Director |
| Charles M Strain | Secretary |
| Roger Savell | Treasurer |
| Line Item | Amount |
|---|---|
| Other Expenses | $21,649 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Salaries, Compensation, and Employee Benefits | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Fees for Services Accounting | - | - | - | $14,030 |
| Insurance | - | - | - | $4,069 |
| Office Expenses | - | - | - | $3,550 |
| Total Functional Expenses | $0 | $0 | $0 | $21,649 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Line Item | Beginning | End | Change |
|---|---|---|---|
| Receivables from Officers, Directors, Trustees, and Key Employees | - | $0 | - |
“Accelerate long island is a membership corporation comprised of founding members who are members of the long island association. The founding members are brookhaven national laborartory, cold spring harbor laboratory, hofstra university, long island association, inc., north shore-long island jewish health system, stony brook university.”
“Each member is entitled to representation of accelerate's board of directors.”
“Specific board actions require approval of the members, specifically 1) any amendment of, or change to, the certification of incorporation, 2) disposition of all, or substantially all, of accelerate's assets, 3) plans of merger or consolidation or dissolution.”
“The form 990 was prepared by a top national accounting firm in conjuntion with the organization's financial department and was provided to the managing director for review/approval. The form 990 is made available to the entire board.”
“Accelerate long island ("ali") has a conflict of interest policy in place that governs the activities of its officers, directors, trustees and key employees. Each officer, director, trustee and key employees is required to annually disclose any conflicts of interest that arise by virtue of employment, board service, or position with ali. These disclosures are reviewed to ensure compliance with the conflict of interest policy. Ali is not aware of any potential conflicts of interest.”
“Ali does not compensate any of the individuals reported on this 990.”
“Ali makes its form 990 available to the public by retaining a copy at its place of business. The form 990 is likewise published on the internet at guidestar.org. The orginization's financial statements, governing documents and conflict of interest policy are not ordinarily made available to the public, but, if requested will be provided at management's discretion.”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990/AccountantCompileOrReviewInd | 0 | 0 |
| IRS990/AccountsPayableAccrExpnssGrp/BOYAmt | 0 | 824 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 12000 |
| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 15000 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | 0 |
| IRS990/ActivityOrMissionDesc | 0 | SEE SCHEDULE O |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | 1 |
| IRS990/AuditCommitteeInd | 0 | 1 |
| IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | MICHELLE BYRNE |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 6134933000 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 300 BROADHOLLOW ROAD SUITE 110W |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | MELVILLE |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | NY |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 11747 |
| IRS990/BusinessRlnWith35CtrlEntInd | 0 | 0 |
| IRS990/BusinessRlnWithFamMemInd | 0 | 0 |
| IRS990/BusinessRlnWithOrgMemInd | 0 | 0 |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 201946 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 172301 |
| IRS990/ChangeToOrgDocumentsInd | 0 | 0 |
| IRS990/CntrctRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/CollectionsOfArtInd | 0 | 0 |
| IRS990/CompensationFromOtherSrcsInd | 0 | 0 |
| IRS990/CompensationProcessCEOInd | 0 | 0 |
| IRS990/CompensationProcessOtherInd | 0 | 0 |
| IRS990/ConflictOfInterestPolicyInd | 0 | 1 |
| IRS990/ConservationEasementsInd | 0 | 0 |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | 1 |
| IRS990/CreditCounselingInd | 0 | 0 |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 0 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/CYInvestmentIncomeAmt | 0 | 0 |
| IRS990/CYOtherExpensesAmt | 0 | 21649 |
| IRS990/CYOtherRevenueAmt | 0 | 0 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 75000 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | 53351 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 0 |
| IRS990/CYTotalExpensesAmt | 0 | 21649 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 75000 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | 1 |
| IRS990/DeductibleArtContributionInd | 0 | 0 |
| IRS990/DeductibleNonCashContriInd | 0 | 0 |
| IRS990/DelegationOfMgmtDutiesInd | 0 | 0 |
| IRS990/Desc | 0 | ACCELERATE NY INNOVATION TC FUND, L.P. IS AN EARLY STAGE VENTURE CAPITAL FIRM ESTABLISHED ON DECEMBER 7, 2016 BY ANYITC FUND GP, LLC, THE GENERAL PARTNER, AND NEW YORK STATE URBAN DEVELOPMENT CORPORATION D/B/A EMPIRE STATE DEVELOPMENT. (ESD), THE LIMITED PARTNER, IN ACCORDANCE WITH THE TERMS OF AN AGREEMENT OF LIMITED PARTNERSHIP (THE PARTNERSHIP AGREEMENT). THE PARTNERSHIP'S GENERAL INVESTMENT STRATEGY IS TO PROVIDE FUNDING FOR HIGH-TECH START-UP COMPANIES PRIMARILY IN DOWNSTATE NEW YORK STATE. |
| IRS990/DescribedInSection501c3Ind | 0 | 0 |
| IRS990/DisregardedEntityInd | 0 | 0 |
| IRS990/DocumentRetentionPolicyInd | 0 | 1 |
| IRS990/DonorAdvisedFundInd | 0 | 0 |
| IRS990/DonorRestrictionNetAssetsGrp/BOYAmt | 0 | 1034 |
| IRS990/DonorRestrictionNetAssetsGrp/EOYAmt | 0 | 1034 |
| IRS990/DonorRstrOrQuasiEndowmentsInd | 0 | 0 |
| IRS990/ElectionOfBoardMembersInd | 0 | 1 |
| IRS990/EmployeeCnt | 0 | 0 |
| IRS990/FamilyOrBusinessRlnInd | 0 | 0 |
| IRS990/FederalGrantAuditRequiredInd | 0 | 0 |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 14030 |
| IRS990/ForeignActivitiesInd | 0 | 0 |
| IRS990/ForeignFinancialAccountInd | 0 | 0 |
| IRS990/ForeignOfficeInd | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 0 | 24.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 4 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 5 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 6 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 7 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 8 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 9 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 10 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 11 | 16.00 |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 5 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 6 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 7 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 8 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 9 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 10 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 11 | 0 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | KEVIN S LAW |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | LEO GUTHART |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | CHARLES M STRAIN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | ROGER SAVELL |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | MICHAEL DOWLING |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | NANCY RAUCH-DOUZINAS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 6 | BRUCE STILLMAN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 7 | DAVID CALONE |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 8 | STUART RABINOWITZ |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 9 | DOON GIBBS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 10 | STEVE WINICK |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 11 | NOEL GODDARD |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 0 |
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| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 11 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 11 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | CHAIRMAN |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | VICE CHAIRMAN |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | SECRETARY |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | TREASURER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 8 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 9 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 10 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 11 | MANAGING DIRECTOR |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | 1 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | 0 |
| IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd | 0 | X |
| IRS990/FSAuditedInd | 0 | 1 |
| IRS990/FundraisingActivitiesInd | 0 | 0 |
| IRS990/GamingActivitiesInd | 0 | 0 |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 12 |
| IRS990/GrantsToIndividualsInd | 0 | 0 |
| IRS990/GrantsToOrganizationsInd | 0 | 0 |
| IRS990/GrantToRelatedPersonInd | 0 | 0 |
| IRS990/GrossReceiptsAmt | 0 | 75000 |
| IRS990/GroupReturnForAffiliatesInd | 0 | 0 |
| IRS990/IncludeFIN48FootnoteInd | 0 | 0 |
| IRS990/IndependentAuditFinclStmtInd | 0 | 0 |
| IRS990/IndependentVotingMemberCnt | 0 | 12 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/IndoorTanningServicesInd | 0 | 0 |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InsuranceGrp/TotalAmt | 0 | 4069 |
| IRS990/InvestmentInJointVentureInd | 0 | 0 |
| IRS990/IRPDocumentCnt | 0 | 0 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LoanOutstandingInd | 0 | 0 |
| IRS990/LocalChaptersInd | 0 | 0 |
| IRS990/MaterialDiversionOrMisuseInd | 0 | 0 |
| IRS990/MembersOrStockholdersInd | 0 | 1 |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | 1 |
| IRS990/MinutesOfGoverningBodyInd | 0 | 1 |
| IRS990/MissionDesc | 0 | A UNIQUE COLLABORATION AMONG LONG ISLAND'S WORLD CLASS RESEARCH INSTITUTION AND ITS BUSINESS COMMUNITY TO COMMERCIALIZE RESEARCH AND CREATE AN ENTREPRENEURIAL ECOSYSTEM. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | 0 |
| IRS990/MoreThan5000KToOrgInd | 0 | 0 |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 793422 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 846773 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | 0 |
| IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt | 0 | 792388 |
| IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt | 0 | 845739 |
| IRS990/NoListedPersonsCompensatedInd | 0 | X |
| IRS990/NondeductibleContributionsInd | 0 | 0 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 3550 |
| IRS990/OfficerMailingAddressInd | 0 | 0 |
| IRS990/OperateHospitalInd | 0 | 0 |
| IRS990/Organization501cInd | 0 | X |
| IRS990/OrganizationFollowsFASB117Ind | 0 | X |
| IRS990/OtherAssetsTotalGrp/BOYAmt | 0 | 588278 |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 668278 |
| IRS990/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990/PartialLiquidationInd | 0 | 0 |
| IRS990/PoliticalCampaignActyInd | 0 | 0 |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 2989 |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 2160 |
| IRS990/PrincipalOfficerNm | 0 | MICHELLE BYRNE |
| IRS990/ProfessionalFundraisingInd | 0 | 0 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 0 | 900099 |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | MEMBERSHIP DUES |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 75000 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 75000 |
| IRS990/ProgSrvcAccomActy2Grp/Desc | 0 | THE ORGANIZATION AND A GROUP OF PARTNERS FROM ITS FOUNDING RESEARCH INSTITUTIONS PARTICIPATED INMIT VENTURE MENTOR SERVICE'S IMMERSION PROGRAM AND PLAN TO ESTABLISH A SIMILAR MENTORSHIP PROGRAM ON LONG ISLAND. THIS MENTORSHIP PROGRAM WILL ADOPT MIT'S "GUIDING PRINCIPLES", WHICH INVOLVE A TEAM APPROACH TO MENTORING AND ESTABLISHING AN "OBJECTIVE" RELATIONSHIP BETWEEN THE MENTORS AND THE ENTREPRENEURS THAT DOES NOT INVOLVE OTHER BUSINESS RELATIONSHIPS. |
| IRS990/ProgSrvcAccomActy3Grp/Desc | 0 | ALI WAS AWARDED A $500,000 GRANT FROM NEW YORK STATE EMPIRE STATE DEVELOPMENT TO MAKE WORKING CAPITAL GRANTS TO TECHNOLOGY FIRMS ON LONG ISLAND AS PART OF A REGIONAL EFFORT TO SUPPORT NEW TECHNOLOGY STARTUP COMPANIES AND COLLABORATIONS AMONG LONG ISLAND'S RESEARCH INSTITUTIONS. THE PROGRAM WAS COMPLETED AS OF DECEMBER 31, 2015. |
| IRS990/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/PYContributionsGrantsAmt | 0 | 0 |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/PYInvestmentIncomeAmt | 0 | 0 |
| IRS990/PYOtherExpensesAmt | 0 | 23049 |
| IRS990/PYOtherRevenueAmt | 0 | 0 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 300000 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 276951 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 0 |
| IRS990/PYTotalExpensesAmt | 0 | 23049 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | 300000 |
| IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt | 0 | 0 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | 53351 |
| IRS990/RegularMonitoringEnfrcInd | 0 | 1 |
| IRS990/RelatedEntityInd | 0 | 1 |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | 1 |
| IRS990/ReportInvestmentsOtherSecInd | 0 | 0 |
| IRS990/ReportLandBuildingEquipmentInd | 0 | 0 |
| IRS990/ReportOtherAssetsInd | 0 | 1 |
| IRS990/ReportOtherLiabilitiesInd | 0 | 0 |
| IRS990/ReportProgramRelatedInvstInd | 0 | 0 |
| IRS990/SavingsAndTempCashInvstGrp/BOYAmt | 0 | 1033 |
| IRS990/SavingsAndTempCashInvstGrp/EOYAmt | 0 | 1034 |
| IRS990/ScheduleBRequiredInd | 0 | 0 |
| IRS990ScheduleC/AgreeCarryoverPriorYearInd | 0 | 0 |
| IRS990ScheduleC/OnlyInHouseLobbyingInd | 0 | 1 |
| IRS990ScheduleC/SubstantiallyAllDuesNondedInd | 0 | 0 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 0 | 668278 |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 0 | INTERCOMPANY RECEIVABLE |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 0 |
| IRS990ScheduleD/TotalBookValueOtherAssetsAmt | 0 | 668278 |
| IRS990/ScheduleJRequiredInd | 0 | 0 |
| IRS990/ScheduleORequiredInd | 0 | 1 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | ACCELERATE LONG ISLAND IS A MEMBERSHIP CORPORATION COMPRISED OF FOUNDING MEMBERS WHO ARE MEMBERS OF THE LONG ISLAND ASSOCIATION. THE FOUNDING MEMBERS ARE BROOKHAVEN NATIONAL LABORARTORY, COLD SPRING HARBOR LABORATORY, HOFSTRA UNIVERSITY, LONG ISLAND ASSOCIATION, INC., NORTH SHORE-LONG ISLAND JEWISH HEALTH SYSTEM, STONY BROOK UNIVERSITY. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | EACH MEMBER IS ENTITLED TO REPRESENTATION OF ACCELERATE'S BOARD OF DIRECTORS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | SPECIFIC BOARD ACTIONS REQUIRE APPROVAL OF THE MEMBERS, SPECIFICALLY 1) ANY AMENDMENT OF, OR CHANGE TO, THE CERTIFICATION OF INCORPORATION, 2) DISPOSITION OF ALL, OR SUBSTANTIALLY ALL, OF ACCELERATE'S ASSETS, 3) PLANS OF MERGER OR CONSOLIDATION OR DISSOLUTION. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | THE FORM 990 WAS PREPARED BY A TOP NATIONAL ACCOUNTING FIRM IN CONJUNTION WITH THE ORGANIZATION'S FINANCIAL DEPARTMENT AND WAS PROVIDED TO THE MANAGING DIRECTOR FOR REVIEW/APPROVAL. THE FORM 990 IS MADE AVAILABLE TO THE ENTIRE BOARD. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | ACCELERATE LONG ISLAND ("ALI") HAS A CONFLICT OF INTEREST POLICY IN PLACE THAT GOVERNS THE ACTIVITIES OF ITS OFFICERS, DIRECTORS, TRUSTEES AND KEY EMPLOYEES. EACH OFFICER, DIRECTOR, TRUSTEE AND KEY EMPLOYEES IS REQUIRED TO ANNUALLY DISCLOSE ANY CONFLICTS OF INTEREST THAT ARISE BY VIRTUE OF EMPLOYMENT, BOARD SERVICE, OR POSITION WITH ALI. THESE DISCLOSURES ARE REVIEWED TO ENSURE COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY. ALI IS NOT AWARE OF ANY POTENTIAL CONFLICTS OF INTEREST. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | ALI DOES NOT COMPENSATE ANY OF THE INDIVIDUALS REPORTED ON THIS 990. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | ALI MAKES ITS FORM 990 AVAILABLE TO THE PUBLIC BY RETAINING A COPY AT ITS PLACE OF BUSINESS. THE FORM 990 IS LIKEWISE PUBLISHED ON THE INTERNET AT GUIDESTAR.ORG. THE ORGINIZATION'S FINANCIAL STATEMENTS, GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE NOT ORDINARILY MADE AVAILABLE TO THE PUBLIC, BUT, IF REQUESTED WILL BE PROVIDED AT MANAGEMENT'S DISCRETION. |
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| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PART VI, SECTION A, LINE 7B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PART VI, SECTION B, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PART VI, SECTION B, LINE 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | FORM 990, PART VI, SECTION B, LINE 15 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | FORM 990, PART VI, SECTION C, LINE 19 |
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Displayed year
2020 • Form 990Detailed filing. Detailed filing data is available for this year.