Civic Intelligence

Accel AI Institute

990 • Fiscal year 2020 • EIN 82-2813494

Jan 01, 2020 to Dec 31, 2020 • Filed on Oct 13, 2022

1709 University Ave Suite 3Berkeley, CA 94703-1539

(415) 494-9743

Siviq Scores

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

Liabilities / Assets

91st percentile

0.74x

Higher debt load relative to assets than 91% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

94th percentile

1.00x

Higher debt load relative to revenue than 94% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

81st percentile

35%

Higher net margin than 81% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

90th percentile

123%

Faster asset growth than 90% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

57th percentile

-6.5%

Faster revenue growth than 57% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Up

$384,295

Up $212,188 (+123%) from 2019

Net Assets

Up

$99,703

Up $99,703 from 2019

Liabilities

Up

$284,592

Up $112,485 (+65%) from 2019

Revenue

Down

$283,733

Down $19,651 (-6.5%) from 2019

Expenses

Up

$184,030

Up $20,451 (+13%) from 2019

Net Income

Down

$99,703

Down $40,102 (-29%) from 2019

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0Assets 2019: $172,107Liabilities 2019: $172,107Net Assets 2019: $02019Assets 2020: $384,295Liabilities 2020: $284,592Net Assets 2020: $99,7032020Assets 2021: $851,868Liabilities 2021: $318,578Net Assets 2021: $533,2902021Assets 2022: $818,487Liabilities 2022: $35,204Net Assets 2022: $783,2832022Assets 2023: $625,981Liabilities 2023: $89,947Net Assets 2023: $536,0342023Assets 2024: $384,683Liabilities 2024: $54,457Net Assets 2024: $330,2262024

Highlighted filing

2020

Assets$384,295
Liabilities$284,592
Net Assets$99,703

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2019: $303,384Expenses 2019: $163,579Net Income 2019: $139,8052019Revenue 2020: $283,733Expenses 2020: $184,030Net Income 2020: $99,7032020Revenue 2021: $662,677Expenses 2021: $129,387Net Income 2021: $533,2902021Revenue 2022: $411,973Expenses 2022: $435,072Net Income 2022: -$23,0992022Revenue 2023: $321,910Expenses 2023: $570,263Net Income 2023: -$248,3532023Revenue 2024: $304,146Expenses 2024: $515,696Net Income 2024: -$211,5502024

Highlighted filing

2020

Revenue$283,733
Expenses$184,030
Net Income$99,703
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Oct 13, 2022
Return Version
2020v4.1
Gross Receipts
$283,733
Mission and Program Overview

Mission

Accel nbsp;ai nbsp;institute apos;s nbsp;mission nbsp;to nbsp;provide nbsp;education nbsp;in nbsp;ai nbsp;theory nbsp;and nbsp;engineering nbsp;integrating nbsp;ai nbsp;and nbsp;social nbsp;impact nbsp;in nbsp;research nbsp;consulting nbsp;and nbsp;workshops nbsp;on nbsp;ethical nbsp;ai nbsp;development nbsp;and nbsp;applied nbsp;engineering

Accel AI Institute's mission provide education in AI theory and engineering. Integrating AI and social impact in research, consulting and workshops on ethical AI develpment.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$171,522$135,072▼ $36,450
Pledges and Grants Receivable-$105,000-
Rtn Earn Endowment Incm Other Fnds-$99,703-
Investments Other Securities-$26,500-
Investments in Publicly Traded Securities-$774-
Prepaid Expenses and Deferred Charges$445--
Total Assets$175,223$384,295▲ $209,072
Other Assets Total$3,256$116,949▲ $113,693
Liabilities
Other Liabilities$166,853$276,317▲ $109,464
Accounts Payable and Accrued Expenses$5,254$8,275▲ $3,021
Deferred Revenue$3,116--
Total Liabilities$175,223$284,592▲ $109,369
Net Assets / Fund Balance
Total Net Assets Fund Balance$0$99,703▲ $99,703
Total Liabilities and Net Assets / Fund Balance$175,223$384,295▲ $209,072
Compensation and Service Providers
Revenue and Support

Revenue Composition

Contributions and Grants
$283,608
Program Service Revenue
$0
Investment Income
$86
Other Revenue
$39
All Other Contributions
$283,608
Change in Net Assets
$99,703

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Intellectual Property1$3,000Cost or Selling Price
Total Noncash Contributions1$3,000-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$111,196
Grants and Similar Amounts Paid$72,834
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$60,239--$60,239
Office Expenses-$41,293-$41,293
Fees for Services Other-$25,136-$25,136
Travel-$17,196-$17,196
Grants to Domestic Individuals$12,595--$12,595
Information Technology-$10,923-$10,923
Conferences and Meetings-$9,701-$9,701
Insurance-$4,020-$4,020
Advertising-$2,038-$2,038
Fees for Services Accounting-$403-$403
Other Expenses-$263-$263
Fees for Services Legal-$170-$170
Depreciation Depletion-$43-$43
Total Functional Expenses$72,834$111,196$0$184,030
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Zoos VictoriaKirkland, IL4945Support of Programs$104
Habitat for HumanityLower Lake, CA4945Support Services Provided$41

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
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

PART VI, SECTION A, LINE 8A

Meetings of three officers are conducted annually, written records are maintained in the office of the organization according to the ByLaws.

Part VI, Section B, Line 11

The organization will or has provided a copy of the IRS Form 990 to all corporate officers prior to filing.

PART VI, SECTION B, LINE 12C

The organization monitors through online research, and holding meetings of the officers of the corporation

Part VI, Section C, Line 19

The organization makes the IRS Form 990 available on the website and also by request. Requesters can contact the organization through phone calls, emails, by fax or regular mail.

PART VI, SECTION A, LINE 8B

The Organization committee meetings are documented when held, or written accounts are maintained, each committee has the authority to act on behalf of the governing body.

PART VI, SECTION B, LINE 15A

Review was done by tax preparer for organization.

PART VI, SECTION B, LINE 15B

Review was done by tax preparer for organization.

PART VI, SECTION A, LINE 7A

This is done by the Executive Committee.

Filing and Contact Details

Filer

Filer Name
Accel Ai Institute
EIN
82-2813494
Phone
4154949743
Address
1709 UNIVERSITY AVE SUITE 3, BERKELEY, CA 94703-1539
Doing Business As
Accel Ai Latinx in Ai Lxai

Signing Officer

Name
Laura N Montoya
Title
CEO
Phone
4154949743
Signed
2022-10-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Laura N Montoya
Formed
2017
Legal Domicile
CA
Voting Board Members
3
Independent Board Members
0
Employees
0
Volunteers
124

Preparer

Firm
Mobile Tax Associates
Address
1920 BECKENHAM PLACE, DACULA, GA 30019
Preparer
Robert a Gorby
Phone
6786689096
Supplemental Narrative

Additional Explanations

Form 990 - Supplemental Information

Part VI, Section A, Line 8a: Accel AI Institute does document and record all meetings held during the year which are kept at the corporate office. Part VI, Section A, Line 8b: Accel AI Institute has setup a structure to establish committee with authority to act on behalf of the governing body. Part VI, Section B, Line 11: Accel AI Institute does provide a complete copy of the Form 990 to all members of its governing body before filing the return. Part VI, Section B, Line 11b: Accel AI uses a process where the tax preparer receives tax documents from the CFO of Accel AI by secure online communication. Tax preparer provides a complete 990 form with schedules for review prior to filing. Part VI, Section B, Line 12c: Accel AI Institute has all policies on file in the corporate office. Part VI, Section C, Line 19: Accel AI Institute makes all policies including financial statements available to the public through their website. All members are provided a copy of the 990 form before filing. Part XVII, Line 2: Accel AI Institute did not change its oversight process or selection process during the tax year. Accel AI Institute description of programs or significant activities is to provide education in artificial intelligence theory and engineering. To accomplish this, we focus on integrating AI and social impact through research,consulting, and workshops on ethical AI development and applied AI engineering. For Accel AI Institute, there is a governing body and committees selected with the authority to act on behalf of the organization. These items listed with the organization documents maintained by the officers of the organization. Part VII, Section A, there are three officers of the organization, the CEO, Secretary, and CFO, along with 26 directors who are all listed by name and title. The three officers meet on an annual basis as required under the ByLaws. For 2020, there are no independent contractors with Accel AI Institute. Note 1: Schedule F, Part III, Grants and other assistance to individuals outside the USA in column (e) manner of cash disbursement accomplished through multiple third-partu payments methods by country. A detailed list is available in the corporate office. Schedule M, Part I, Line 7, the intellectual property donated by Nvidia, Inc to Accel AI Institute was gifted as shown in December 2020. For 2020, no officers or directors received any compensation as well as volunteers associated with Accel AI Institute.

PART IX, LINE 11G

Temporary Help or Contract Labor

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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0Accel AI had $1.45 interest earned for 2019 IRS Form 990.
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