Civic Intelligence

Accelerate 500 Inc.

990 • Fiscal year 2022 • EIN 82-4059664

Jan 01, 2022 to Dec 31, 2022 • Filed on Dec 23, 2024

1100 15th Street NW 4th FloorWashington, DC 20005

(917) 549-6092

Siviq Scores

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

Liabilities / Assets

61st percentile

0.21x

Higher debt load relative to assets than 61% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Liabilities / Revenue

62nd percentile

0.27x

Higher debt load relative to revenue than 62% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Net Margin

80th percentile

31%

Higher net margin than 80% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Top Officer Pay

89th percentile

$318,182

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 4.9% of source-year revenue.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Asset Growth

93rd percentile

72%

Faster asset growth than 93% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Revenue Growth

67th percentile

17%

Faster revenue growth than 67% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Assets

Up

$8,379,905

Up $3,518,471 (+72%) from 2021

Net Assets

Up

$6,606,975

Up $2,053,472 (+45%) from 2021

Liabilities

Up

$1,772,930

Up $1,464,999 (+476%) from 2021

Revenue

Up

$6,555,531

Up $948,629 (+17%) from 2021

Expenses

Up

$4,506,128

Up $1,679,448 (+59%) from 2021

Net Income

Down

$2,049,403

Down $730,819 (-26%) from 2021

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0Assets 2019: $373,987Liabilities 2019: $27,704Net Assets 2019: $346,2832019Assets 2020: $2,491,815Liabilities 2020: $718,534Net Assets 2020: $1,773,2812020Assets 2021: $4,861,434Liabilities 2021: $307,931Net Assets 2021: $4,553,5032021Assets 2022: $8,379,905Liabilities 2022: $1,772,930Net Assets 2022: $6,606,9752022Assets 2023: $6,429,966Liabilities 2023: $1,150,425Net Assets 2023: $5,279,5412023Assets 2024: $5,228,978Liabilities 2024: $877,028Net Assets 2024: $4,351,9502024

Highlighted filing

2022

Assets$8,379,905
Liabilities$1,772,930
Net Assets$6,606,975

Operations Trend

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

$10M$5.0M$0-$5.0MRevenue 2019: $781,793Expenses 2019: $435,510Net Income 2019: $346,2832019Revenue 2020: $2,780,743Expenses 2020: $1,353,745Net Income 2020: $1,426,9982020Revenue 2021: $5,606,902Expenses 2021: $2,826,680Net Income 2021: $2,780,2222021Revenue 2022: $6,555,531Expenses 2022: $4,506,128Net Income 2022: $2,049,4032022Revenue 2023: $3,081,284Expenses 2023: $4,588,079Net Income 2023: -$1,506,7952023Revenue 2024: $2,436,835Expenses 2024: $4,189,334Net Income 2024: -$1,752,4992024

Highlighted filing

2022

Revenue$6,555,531
Expenses$4,506,128
Net Income$2,049,403
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Dec 23, 2024
Return Version
2022v5.0
Gross Receipts
$6,555,531
Mission and Program Overview

Mission

Accelerate 500 Inc. is a business developement program designed to bridge the gap between entrepreneurship and equity. Our programs seek to accelerate new majority entrepeneurs from high potential to high growth. Our vision is to create $100 billion of new wealth and economic power for and by the new majority. The firm provides several programs designed to support various stages in the lifecycle to include early-stage and growth-stage.

A business development program designed to bridge the gap between entrepreneurship and equity.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$4,344,918$6,889,131▲ $2,544,213
Investments Other Securities$91$1,458,359▲ $1,458,268
Pledges and Grants Receivable$403,000$0▼ $403,000
Prepaid Expenses and Deferred Charges$16,221$21,112▲ $4,891
Land, Buildings, and Equipment, Net$0$8,433▲ $8,433
Receivables From Officers Etc$1,530$2,870▲ $1,340
Total Assets$4,861,434$8,379,905▲ $3,518,471
Other Assets Total$95,674--
Liabilities
Other Liabilities$31,280$1,424,930▲ $1,393,650
Deferred Revenue$178,000$275,000▲ $97,000
Accounts Payable and Accrued Expenses$98,651$73,000▼ $25,651
Total Liabilities$307,931$1,772,930▲ $1,464,999
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$4,553,503$6,606,975▲ $2,053,472
Total Net Assets Fund Balance$4,553,503$6,606,975▲ $2,053,472
Total Liabilities and Net Assets / Fund Balance$4,861,434$8,379,905▲ $3,518,471

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$8,433$461$8,894
Other Securities$9,404--
Compensation and Service Providers

Employees

NameTitleBaseTotal
Melissa BradleyManaging Partner$318,182$318,182

Board Members and Trustees

NameTitle
Jenn FlynnChair
Graham MclaughlinVice Chair
Aerica BanksDirector
Marissa MahoneyDirector
Rustin BrownDirector
Vonetta YoungDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$6,407,182
Program Service Revenue
$51,245
Investment Income
$0
Other Revenue
$97,104
All Other Contributions
$6,407,182
Change in Net Assets
$2,049,403
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,808,124
Salaries, Compensation, and Employee Benefits$1,104,754
Grants and Similar Amounts Paid$593,250
Total Fundraising Expense$110,252
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$1,508,935$150,984-$1,659,919
Other Salaries and Wages$572,754$78,689$92,813$744,256
Grants to Domestic Orgs$567,250--$567,250
Advertising$368,543$7,976$17,439$393,958
Current Officers, Directors, Trustees, and Key Employees$318,182--$318,182
Fees for Services Accounting-$126,167-$126,167
Travel$12,063$101,622-$113,685
Occupancy-$108,942-$108,942
Fees for Services Legal-$64,938-$64,938
Other Employee Benefits$26,656--$26,656
Grants to Domestic Individuals$26,000--$26,000
Payroll Taxes$15,660--$15,660
Insurance-$14,752-$14,752
All Other Expenses-$9,966-$9,966
Other Expenses$929$7,879-$7,879
Office Expenses-$2,413-$2,413
Depreciation Depletion-$461-$461
Total Functional Expenses$3,437,806$958,070$110,252$4,506,128
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Ruthless Beauty LLCWashington, DC-Business Continuity$10,000
Sweets by Keet LLCGlen Allen, VA-Business Continuity$10,000
Keisha Elise CosmeticsMorrisville, NC-Business Continuity$7,000
Above Standard Cleaning CompanyWashington, DC-Business Continuity$5,000
Always Good Kutz LLCDes Moines, ID-Business Continuity$5,000
Artplus Group LLCArlington, MA-Business Continuity$5,000
Attractive Cuts Studio LLCJackson, MS-Business Continuity$5,000
Ayanii & Company LLCBaytown, TX-Business Continuity$5,000
Bella Love Events LLCClive, IA-Business Continuity$5,000
Blair and Bloom LLCLittle Falls, NJ-Business Continuity$5,000
Burris Process Serving LLCDes Moines, IA-Business Continuity$5,000
CasadeesmeAtlanta, GA-Business Continuity$5,000
Chocolate CoveredLouisville, KY-Business Continuity$5,000
Clea BeautyLouisville, KY-Business Continuity$5,000
Cliqq App IncFt Washington, MO-Business Continuity$5,000
Cornerstone Financial Strategies LLCHouston, TX-Business Continuity$5,000
Courageous Fire LLCDes Moines, IA-Business Continuity$5,000
Crystal Sokuu LLCMinneapolis, MN-Business Continuity$5,000
Delivery Chix LLCDes Moines, IA-Business Continuity$5,000
Dfree843 IncNewark, NJ-Business Continuity$5,000
Dictionperfect LLCHouston, TX-Business Continuity$5,000
Digi Dreams LLCCharlotte, NC-Business Continuity$5,000
DivinesenseParkville, MD-Business Continuity$5,000
Dots Cleaning ServicesDes Moines, IA-Business Continuity$5,000
Duppe Consulting Group LLCWest Des Moines, IA-Business Continuity$5,000
Ecopreneur Media IncUnion, NJ-Business Continuity$5,000
Elegance With SimplicityNewark, NJ-Business Continuity$5,000
Faithfully Fit Training LLCBaltimore, MD-Business Continuity$5,000
Feeling My SelfieLouisville, KY-Business Continuity$5,000
Forever Aced Photography PaLouisville, KY-Business Continuity$5,000
Forstner InnovationsHumble, TX-Business Continuity$5,000
Golden Apple Child CareDes Moines, IA-Business Continuity$5,000
Golden Bloom StudiosHouston, TX-Business Continuity$5,000
Gorgeous Looks Beauty LLCLouisville, KY-Business Continuity$5,000
Gulf Coast Cosmos Comicbook Co LLCHouston, TX-Business Continuity$5,000
Heads Up WorkWashington, DC-Business Continuity$5,000
Heavenly Creations Childcare LLCDes Moines, IA-Business Continuity$5,000
Igl NailsLong Beach, CA-Business Continuity$5,000
JACK'S SHACK INTERNATIONAL LLCDes Moines, IA-Business Continuity$5,000
Just Her Rideshare IncCharlotte, NC-Business Continuity$5,000
Konjus Kuljur LLCLouisville, KY-Business Continuity$5,000
Kp Landscaping ServicesJackson, MS-Business Continuity$5,000
Lindsey Cleaning Co LLCHouston, TX-Business Continuity$5,000
Luxury Living Stays LLCMorrisville, NC-Business Continuity$5,000
Madison Renovation LLCJersey City, NJ-Business Continuity$5,000
Mahogany MommiesConvington, GA-Business Continuity$5,000
Mars CoffeeDes Moines, IA-Business Continuity$5,000
Mommies Beauty BarLas Vegas, NV-Business Continuity$5,000
Ms Nolan LLCWashington, DC-Buisness Continuity$5,000
Napollo Music IncMalden, MA-Business Continuity$5,000
No Limit Motors LLCUrbandale, IA-Business Continuity$5,000
Nubian NewbornsLouisville, KY-Business Continuity$5,000
Oh Lait Oh Lait LLCSouth Orange, NJ-Business Continuity$5,000
Powher ConsultingHouston, TX-Business Continuity$5,000
Premier Properties Ms LLCCanton, MS-Business Continuity$5,000
Privacy LLCDes Moines, IA-Business Continuity$5,000
Royelles IncFairfax, VA-Business Continuity$5,000
Sefirot LLCCharlotte, NC-Business Continuity$5,000
Seniors in Transition LLCCharlotte, NC-Business Continuity$5,000
So Clean Auto Detailing LLCDes Moines, IA-Business Continuity$5,000
Southern Country InvestmentsHattiesburg, MS-Business Continuity$5,000
Spendebt IncHumble, TX-Business Continuity$5,000
Strictly 4 KidsDes Moines, IA-Business Continuity$5,000
Tassy Trucks LLCCharlotte, NC-Business Continuity$5,000
Tawny O and CorpJackson, MS-Business Continuity$5,000
Tcj Financial ServicesLouisville, KY-Business Continuity$5,000
Teas With Meaning LLCOakland, CA-Business Continuity$5,000
Teg Yenom IncDes Moines, IA-Business Continuity$5,000
The Blacque ExperienceHouston, TX-Business Continuity$5,000
The Fresh Food Factory MarketWashington, DC-Business Continuity$5,000
Tsaditty Designs LLCDes Moines, IA-Business Continuity$5,000
WHAT'S YOUR THERAPYRaleigh, NC-Business Continuity$5,000
Wise Workz IncWashington, DC-Business Continuity$5,000
Words LiiveWashington, DC-Business Continuity$5,000
Yard CardzzLouisville, KY-Business Continuity$5,000
York StDes Moines, IA-Business Continuity$5,000
Your Way Foods LLCWashington, DC-Business Continuity$5,000
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$1,530$2,870▲ $1,340
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Related Parties$1,154,752
Allowance for Doubtful Accounts$173,327
Accrued Expenses$81,021
Credit Card$15,830
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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 A, Line 2

Rustin brown and vonetta young are married.

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

The federal form 990 is prepared by an independent accounting firm and is reveiwed by the board of directors prioer to filing with the internal revenue service.

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

The organization has a written conflict of interest policy and regularly monitors and enforces compliance with the policy as it pertains to board of directors and officers.

Form 990, Part VI, Section B, Line 15

Compensation of the organizations's managing partner is determined based on regional and national peer review using comparability data and then is proposed to teh board of directors for approval.

Form 990, Part VI, Section C, Line 19

The federal form 990, conflict of interest policy, and financial statements are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Accelerate 500 Inc
EIN
82-4059664
Phone
9175496092
Address
1100 15TH STREET NW 4TH FLOOR, WASHINGTON, DC 20005
Doing Business As
1863 Ventures

Signing Officer

Name
Melissa Bradley
Title
Managing Director
Phone
9175496092
Signed
2024-12-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Melissa Bradley
Formed
2017
Legal Domicile
Dc
Voting Board Members
7
Independent Board Members
6
Employees
11
Volunteers
10

Preparer

Firm
Rose Financial Solutions LLC
Address
909 ROSE AVE SUITE 660, NORTH BETHESDA, MD 20852
Preparer
Timothy Fargo
Phone
3015271130
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Subcontractors: program service expenses 1,508,935. Management and general expenses 150,984. Fundraising expenses 0. Total expenses 1,659,919.

FORM 990, PART XI, LINE 9:

Disregarded entity 4,069.

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IRS990/Desc01. BEYOND 5- THE BEYOND 5 CAMPAIGN IS DESIGNED TO PROMOTE AND SUPPORT NEW MAJORITY BUSINESSES TO INCREASE THE LIKELIHOOD OF BUSINESS SUCCESS BEYOND THE TYPICAL FAILURE RATE OF 5 YEARS. THE CAMPAIGN IS COMPRISED OF THREE STRATEGIES:I. NATIONAL SOCIAL MEDIA CAMPAIGN IN AN EFFORT TO CHANGE THE NEGATIVE NARRATIVE AROUND FOUNDERS FOR COLOR, WE HAVE INITIATED A SOCIAL MEDIA CAMPAIGN TO PROMOTE NEW MAJORITY FOUNDERS WHO HAVE MADE IT BEYOND 5. OUR GOAL IS TO LEVERAGE OUR SOCIAL MEDIA, AND THAT OF OUR PARTNERS, TO PROMOTE THE SUCCESS STORIES OF NEW MAJORITY ENTREPRENEURS WHO HAVE BEEN RUNNING BUSINESSES BEYOND 5 YEARS. WE WELCOME ANY SELF-NOMINATIONS OR RECOMMENDATIONS FOR ENTREPRENEURS TO PROMOTE IN THE CAMPAIGN; EMAIL US AT [email protected]. SURVIVABILITY RESEARCH REPORTTHERE IS A DEARTH OF PRIMARY RESEARCH AND IN-DEPTH ANALYSIS ON WHAT IT TAKES A BUSINESS TO SURVIVE BEYOND 5 YEARS. OUR REPORT WILL COLLECT DATA FROM OVER 1,000 CANDIDATES AND SEEK TO PROVIDE INSIGHT ON KEY INPUTS FOR SURVIVING BEYOND 5 YEARS. WE WILL PROVIDE CASE STUDIES, AS WELL AS OUTLINES AREAS OF OPPORTUNITY FOR ECOSYSTEM BUILDERS, POLICY MAKERS, INVESTORS, AND THE LIKE TO HELP ADVANCE THESE BUSINESSES BEYOND THE "VALLEYS OF DEATH".2. PIPELINE PROGRAM - THE PIPELINE PROGRAM WAS CREATED TO EQUIP FOUNDERS WITH THE PROCESSES, MINDSETS AND GUIDANCE TO ADDRESS THESE CHALLENGES AND RAPIDLY ACCELERATE TOWARDS SCALE. THE AIM OF THE PIPELINE PROGRAM IS TO WORK WITH BUSINESS LEADERS TO IDENTIFY BUSINESS GOALS AND THEN DEVELOP AN ACTIONABLE PLAN TO NOT ONLY TO HELP THEM ACHIEVE THEIR GOALS, BUT TO HELP THEIR BUSINESS BECOME SUSTAINABLE. BY HELPING ENTREPRENEURS BUILD BETTER BUSINESSES, PIPELINE ENABLES COMPANIES TO ATTRACT THE TALENT, CAPITAL AND CONNECTIONS NEEDED FORLAST GROWTH AND DEVELOPMENT. THE PIPELINE PROGRAM IS FOCUSED ON HELPING ENTREPRENEURS GROW A SUCCESSFUL BUSINESS. THE PROGRAM'S FOCUS IS BEYOND LEARNING HOW TO PITCH AND PRESENT. INSTEAD, TIME IS INTENTIONALLY SPENT ON SUPPORTING BUSINESSES ON A PATH TO MATURITY. ENTREPRENEURS COMPLETING THE PROGRAM WILL HAVE A MORE INVESTMENT-READY BUSINESS AND TRULY UNDERSTAND WHY AND HOW TO DEPLOY FUTURE FINANCINGS.3. HERIMPACT - HERIMPACT IS DESIGNED TO HELP FEMALE SOCIAL ENTREPRENEURS SCALE THEIR ENTERPRISES IN ORDER TO INCREASE THEIR IMPACT AND LONG-TERM SUSTAINABILITY. THE PROGRAM WAS INITIATED IN THE FALL OF 2018. THE INITIATIVE IS COMPRISED OF AN ENTREPRENEURSHIP SUMMIT, WHICH IS DESIGNED TO BUILD COMMUNITY AND INCREASE THE CAPACITY OF FEMALE SOCIAL ENTREPRENEURS THROUGH ADVICE FROM EXPERTS, ONLINE TOOLS AND NETWORKING. THE INITIATIVE ALSO INCLUDES A PITCH COMPETITION, DESIGNED TO INVEST IN EARLY AND GROWTH STAGE COMPANIES IN THE REGION.
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