Civic Intelligence

757 Accelerate Inc.

990 • Fiscal year 2024 • EIN 82-3232312

Jan 01, 2024 to Dec 31, 2024 • Filed on Nov 13, 2025

Refreshing map…

400 Granby St 115Norfolk, VA 23510

(804) 366-1535

Siviq Scores

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

Liabilities / Assets

28th percentile

0.00x

Higher debt load relative to assets than 28% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

22nd percentile

0.00x

Higher debt load relative to revenue than 22% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

9th percentile

-34%

Higher net margin than 9% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

80th percentile

$140,400

Higher top officer pay than 80% of similar nonprofits.

Top officer pay equals 11.3% of source-year revenue.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

2nd percentile

-48%

Faster asset growth than 2% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

14th percentile

-21%

Faster revenue growth than 14% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Down

$507,572

Down $468,800 (-48%) from 2023

Net Assets

Down

$505,288

Down $424,380 (-46%) from 2023

Liabilities

Down

$2,284

Down $44,420 (-95%) from 2023

Revenue

Down

$1,238,698

Down $327,659 (-21%) from 2023

Expenses

Up

$1,663,078

Up $283,770 (+21%) from 2023

Net Income

Down

-$424,380

Down $611,429 (-327%) from 2023

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0Assets 2018: $447,629Liabilities 2018: $27,160Net Assets 2018: $420,4692018Assets 2019: $316,179Liabilities 2019: $17,057Net Assets 2019: $299,1222019Assets 2020: $411,992Liabilities 2020: $31,417Net Assets 2020: $380,5752020Assets 2021: $615,934Liabilities 2021: $102,800Net Assets 2021: $513,1342021Assets 2022: $821,015Liabilities 2022: $78,396Net Assets 2022: $742,6192022Assets 2023: $976,372Liabilities 2023: $46,704Net Assets 2023: $929,6682023Assets 2024: $507,572Liabilities 2024: $2,284Net Assets 2024: $505,2882024

Highlighted filing

2024

Assets$507,572
Liabilities$2,284
Net Assets$505,288

Operations Trend

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

$2.0M$1.0M$0-$1.0MRevenue 2018: $657,157Expenses 2018: $236,688Net Income 2018: $420,4692018Revenue 2019: $446,536Expenses 2019: $384,552Net Income 2019: $61,9842019Revenue 2020: $461,076Expenses 2020: $378,597Net Income 2020: $82,4792020Revenue 2021: $961,820Expenses 2021: $847,498Net Income 2021: $114,3222021Revenue 2022: $1,564,123Expenses 2022: $1,334,638Net Income 2022: $229,4852022Revenue 2023: $1,566,357Expenses 2023: $1,379,308Net Income 2023: $187,0492023Revenue 2024: $1,238,698Expenses 2024: $1,663,078Net Income 2024: -$424,3802024

Highlighted filing

2024

Revenue$1,238,698
Expenses$1,663,078
Net Income-$424,380
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 13, 2025
Return Version
2024v5.2
Gross Receipts
$1,238,698
Mission and Program Overview

Mission

757 accelerate is a non-profit startup accelerator and incubator program. Our mission is to provide startups with the customized resources and capital they need to grow. We boost promising startups towards customer traction and revenue using their own network of mentors, investors, support service, working space, and a lean startup education. Our values are entrepreneurs-first, give before you get, and a long-term commitment to helping startups do more, faster.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$340,433$230,998▼ $109,435
Accounts Receivable-$188,401-
Cash and Non-Interest-Bearing Accounts$635,939$68,973▼ $566,966
Prepaid Expenses and Deferred Charges-$18,160-
Total Assets$976,372$507,572▼ $468,800
Other Assets Total$0$1,040▲ $1,040
Liabilities
Other Liabilities$35,478$1,786▼ $33,692
Accounts Payable and Accrued Expenses$11,226$498▼ $10,728
Total Liabilities$46,704$2,284▼ $44,420
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$929,668$505,288▼ $424,380
Total Net Assets Fund Balance$929,668$505,288▼ $424,380
Total Liabilities and Net Assets / Fund Balance$976,372$507,572▼ $468,800
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Charles CorprewSecretaryFT$140,400$140,400
Paul NoldePredsidentFT$100,663$100,663

Board Members and Trustees

NameTitle
Nancy GrdenChairman
Angela ReddixBoard Member
Blake LuseBoard Member
Crissie HallBoard Member
Dalip KapoorBoard Member
Dave LevinBoard Member
Drew UnvgarskyBoard Member
Rhonda AlexanderBoard Member
Rishap MalhotraBoard Member
Sarah Jane KirklandBoard Member
Tina McraeBoard Member
Toi HunterBoard Member
Tim RyanExecutive Director
Jeff ConroyTreasurer
Willy DonaldsonVice Officer
Revenue and Support

Revenue Composition

Contributions and Grants
$893,613
Program Service Revenue
$331,632
Investment Income
$13,453
Other Revenue
$0
All Other Contributions
$425,197
Change in Net Assets
$-424,380
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$793,116
Salaries, Compensation, and Employee Benefits$709,962
Grants and Similar Amounts Paid$160,000
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$439,811--$439,811
Other Salaries and Wages$160,071$240,107-$400,178
Current Officers, Directors, Trustees, and Key Employees$96,425$144,638-$241,063
Grants to Domestic Orgs$160,000--$160,000
Occupancy-$143,420-$143,420
Fees for Services Other-$68,737-$68,737
Payroll Taxes$17,800$26,700-$44,500
Fees for Services Accounting-$41,862-$41,862
Travel-$34,235-$34,235
Other Employee Benefits$9,688$14,533-$24,221
Office Expenses-$22,908-$22,908
Information Technology-$21,811-$21,811
Advertising-$16,720-$16,720
Insurance-$3,080-$3,080
Conferences and Meetings-$482-$482
Fees for Services Legal-$50-$50
Total Functional Expenses$883,795$779,283$0$1,663,078
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Luftcar LLCOrlando, CA-Organization Startup Funds$20,000
MarkbotixPorter Ranch, CA-Organization Startup Funds$20,000
Nightingale Care SolutionsPhilidelphia, PA-Organization Startup Funds$20,000
Nininger Medical IncHouston, TX-Organization Startup Funds$20,000
Reblood Rx IncSan Diego, CA-Organization Startup Funds$20,000
Reenvision Ai IncSeattle, WA-Organization Startup Funds$20,000
Slip Signal TechnologiesOxon Hill, MD-Organization Startup Funds$20,000
Words LiiveFalls Church, VA-Organization Startup Funds$20,000
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Credit Cards Payable$1,710
Payroll Liabilities$76
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
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 managing partner of 757 accelerate dba 757 collab approves a draft of the 990 and circulates to the board with 24 hours to respond. The return is then signed by the managing partner.

Form 990, Part VI, Section C, Line 19

All documents are available to the general public upon request.

Filing and Contact Details

Filer

Filer Name
757 Accelerate Inc
EIN
82-3232312
Phone
8043661535
Address
400 GRANBY ST 115, NORFOLK, VA 23510

Signing Officer

Name
Paul Nolde
Title
Managing Director
Phone
8043661535
Signed
2025-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Nancy Grden
Formed
2017
Legal Domicile
Va
Voting Board Members
17
Independent Board Members
15
Employees
7
Volunteers
250

Preparer

Firm
Wall Einhorn & Chernitzer Pc
Address
150 W MAIN ST SUITE 1200, NORFOLK, VA 23510
Preparer
Paul G Dinardo
Phone
7576254700
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

757 accelerate, inc. Is exempt from federal income taxes under section 501(c)(3) of the internal revenue code, except on net income derived from unrelated business activities. Internal revenue code section 513(a) defines an unrelated trade or business of an exempt organization as any trade or business which is not substantially related to the exercise or performance of its exempt purpose. Currently the organization has no obligation for any unrelated business income tax. The organization believes it has appropriate support for any tax positions taken; however, any penalties and interest incurred as a result of uncertain tax positions would be recorded in miscellaneous management and general expenses.

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IRS990/ActivityOrMissionDesc0757 ACCELERATE IS A NON-PROFIT STARTUP ACCELERATOR AND INCUBATOR PROGRAM. OUR MISSION IS TO PROVIDE STARTUPS WITH THE CUSTOMIZED RESOURCES AND CAPITAL THEY NEED TO GROW. WE BOOST PROMISING STARTUPS TOWARDS CUSTOMER TRACTION AND REVENUE USING THEIR OWN NETWORK OF MENTORS, INVESTORS, SUPPORT SERVICE, WORKING SPACE, AND A LEAN STARTUP EDUCATION. OUR VALUES ARE ENTREPRENEURS-FIRST, GIVE BEFORE YOU GET, AND A LONG-TERM COMMITMENT TO HELPING STARTUPS DO MORE, FASTER.
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IRS990/Desc0IN 2024, 757 COLLAB DELIVERED HIGH-IMPACT PROGRAMMING ACROSS ITS CONTINUUM - STARTUP STUDIOS, ACCELERATE, AND ANGELS - POSITIONING HAMPTON ROADS AS A NATIONALLY RECOGNIZED INNOVATION HUB. THE ORGANIZATION DIRECTLY ENGAGED OVER 2,500 ENTREPRENEURS, CREATED 350 NEW JOBS, AND FACILITATED 90 INTERNSHIPS. THROUGH 757 STARTUP STUDIOS, OVER 200 STARTUPS HAVE BEEN INCUBATED SINCE LAUNCH, INCLUDING 24 NEW PRODUCTS LAUNCHED IN THE PAST YEAR ALONE. FOUNDERS LOGGED OVER 7,000 VISITS TO THE SPACE AND PARTICIPATED IN MORE THAN 100 FACILITATED PROGRAMS - WITH 98% OF THEM CALLING HAMPTON ROADS HOME.
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IRS990/MissionDesc0757 ACCELERATE IS A NON-PROFIT STARTUP ACCELERATOR AND INCUBATOR PROGRAM. OUR MISSION IS TO PROVIDE STARTUPS WITH THE CUSTOMIZED RESOURCES AND CAPITAL THEY NEED TO GROW. WE BOOST PROMISING STARTUPS TOWARDS CUSTOMER TRACTION AND REVENUE USING THEIR OWN NETWORK OF MENTORS, INVESTORS, SUPPORT SERVICE, WORKING SPACE, AND A LEAN STARTUP EDUCATION. OUR VALUES ARE ENTREPRENEURS-FIRST, GIVE BEFORE YOU GET, AND A LONG-TERM COMMITMENT TO HELPING STARTUPS DO MORE, FASTER.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
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IRS990/NondeductibleContributionsInd00
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IRS990/OccupancyGrp/TotalAmt0143420
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IRS990/OfficeExpensesGrp/TotalAmt022908
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
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IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt09688
IRS990/OtherEmployeeBenefitsGrp/TotalAmt024221
IRS990/OtherExpensesGrp/Desc0OTHER DIRECT COSTS
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IRS990/OtherExpensesGrp/TotalAmt0439811
IRS990/OtherLiabilitiesGrp/BOYAmt035478
IRS990/OtherLiabilitiesGrp/EOYAmt01786
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0240107
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IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt026700
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IRS990/PayrollTaxesGrp/TotalAmt044500
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt018160
IRS990/PrincipalOfficerNm0NANCY GRDEN
IRS990/ProfessionalFundraisingInd00
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IRS990/ProgramServiceRevenueGrp/BusinessCd3611430
IRS990/ProgramServiceRevenueGrp/Desc0ACCELERATER AND ADVISE
IRS990/ProgramServiceRevenueGrp/Desc1BOOT CAMP PROGRAM SALE
IRS990/ProgramServiceRevenueGrp/Desc2START UP WORKSHOP SALE
IRS990/ProgramServiceRevenueGrp/Desc3COMMUNITY SPONSOR SALE
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt15958
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt25000
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3500
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3500
IRS990/ProgSrvcAccomActy2Grp/Desc0757 ACCELERATE, THE FLAGSHIP INVESTOR-READINESS PROGRAM, HAS NOW SUPPORTED 54 STARTUPS ACROSS EIGHT COHORTS, HELPING RAISE MORE THAN $100 MILLION TO DATE, INCLUDING $20+ MILLION IN 2024. THE PROGRAM CREATED OVER 350 JOBS AND DELIVERED OVER 1,500 HOURS OF MENTORSHIP IN THE PAST YEAR. ADDITIONAL HIGHLIGHTS INCLUDE STRATEGIC INNOVATION PARTNERSHIPS ACROSS CLIMATE, HEALTH, AND DEFENSE TECH SECTORS. THE ORGANIZATION HOSTED 85 INVITE-ONLY INNOVATION EVENTS, FACILITATED OVER 200 MATB STARTUP CONNECTIONS, AND HELPED 28 SMALL BUSINESSES AND TWO UNIVERSITIES PITCH DIRECTLY TO NAVY AND AIR FORCE STAKEHOLDERS.
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IRS990/QuidProQuoContributionsInd00
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IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
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IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/FootnoteTextInd0X
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt176
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CREDIT CARDS PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PAYROLL LIABILITIES
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0757 ACCELERATE, INC. IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, EXCEPT ON NET INCOME DERIVED FROM UNRELATED BUSINESS ACTIVITIES. INTERNAL REVENUE CODE SECTION 513(A) DEFINES AN UNRELATED TRADE OR BUSINESS OF AN EXEMPT ORGANIZATION AS ANY TRADE OR BUSINESS WHICH IS NOT SUBSTANTIALLY RELATED TO THE EXERCISE OR PERFORMANCE OF ITS EXEMPT PURPOSE. CURRENTLY THE ORGANIZATION HAS NO OBLIGATION FOR ANY UNRELATED BUSINESS INCOME TAX. THE ORGANIZATION BELIEVES IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN; HOWEVER, ANY PENALTIES AND INTEREST INCURRED AS A RESULT OF UNCERTAIN TAX POSITIONS WOULD BE RECORDED IN MISCELLANEOUS MANAGEMENT AND GENERAL EXPENSES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
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IRS990ScheduleI/GrantRecordsMaintainedInd01
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IRS990ScheduleI/RecipientTable/CashGrantAmt520000
IRS990ScheduleI/RecipientTable/CashGrantAmt620000
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IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
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IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt30
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IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt50
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt60
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt70
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0ORGANIZATION STARTUP FUNDS
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1ORGANIZATION STARTUP FUNDS
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2ORGANIZATION STARTUP FUNDS
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3ORGANIZATION STARTUP FUNDS
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt4ORGANIZATION STARTUP FUNDS
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt5ORGANIZATION STARTUP FUNDS
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt6ORGANIZATION STARTUP FUNDS
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt7ORGANIZATION STARTUP FUNDS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0REBLOOD RX INC
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1NIGHTINGALE CARE SOLUTIONS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2WORDS LIIVE
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3SLIP SIGNAL TECHNOLOGIES
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt4LUFTCAR LLC
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt5MARKBOTIX
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt6NININGER MEDICAL INC
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt7REENVISION AI INC

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