Civic Intelligence

Long Beach Accelerator Inc.

990 • Fiscal year 2023 • EIN 84-3378272

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

Organization ProfileWWW.LBACCELERATOR.ORG
245 E Third StLong Beach, CA 90802

(310) 990-8524

Siviq Scores

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

Liabilities / Assets

97th percentile

1.98x

Higher debt load relative to assets than 97% of similar nonprofits.

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

Liabilities / Revenue

92nd percentile

0.51x

Higher debt load relative to revenue than 92% of similar nonprofits.

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

Net Margin

54th percentile

5.0%

Higher net margin than 54% of similar nonprofits.

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

Top Officer Pay

99th percentile

$170,445

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 41.0% of source-year revenue.

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

Asset Growth

29th percentile

-13%

Faster asset growth than 29% of similar nonprofits.

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

Revenue Growth

60th percentile

14%

Faster revenue growth than 60% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets97th percentile

Assets

Down

$107,462

Down $15,900 (-13%) from 2022

Net Assets

Up

-$105,106

Up $20,717 (+16%) from 2022

Liabilities

Down

$212,568

Down $36,617 (-15%) from 2022

Revenue And Expenses
Liabilities / Revenue92nd percentileNet Margin54th percentile

Revenue

Up

$415,792

Up $50,027 (+14%) from 2022

Expenses

Down

$395,075

Down $93,191 (-19%) from 2022

Net Income

Up

$20,717

Up $143,218 (+117%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth29th percentile

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

$300K$200K$100K$0-$100K-$200KAssets 2021: $238,762Liabilities 2021: $242,084Net Assets 2021: -$3,3222021Assets 2022: $123,362Liabilities 2022: $249,185Net Assets 2022: -$125,8232022Assets 2023: $107,462Liabilities 2023: $212,568Net Assets 2023: -$105,1062023Assets 2024: $43,220Liabilities 2024: $185,762Net Assets 2024: -$142,5422024

Highlighted filing

2023

Assets$107,462
Liabilities$212,568
Net Assets-$105,106
Open 2023 Filing

Operations Trend

Revenue Growth60th percentile

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

$600K$400K$200K$0-$200KRevenue 2021: $388,138Expenses 2021: $302,488Net Income 2021: $85,6502021Revenue 2022: $365,765Expenses 2022: $488,266Net Income 2022: -$122,5012022Revenue 2023: $415,792Expenses 2023: $395,075Net Income 2023: $20,7172023Revenue 2024: $91,166Expenses 2024: $128,602Net Income 2024: -$37,4362024

Highlighted filing

2023

Revenue$415,792
Expenses$395,075
Net Income$20,717
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Oct 10, 2024
Return Version
2023v5.1
Gross Receipts
$415,792
Mission and Program Overview

Mission

Long beach accelerator was formed for the purpose of performing all things incidental to, or appropriate in, the achievement of the following specific and primary mission to accelerate early state startups with seed funding, mentorship, and exit strategy. The vision of the long beach accelerator is to make long beach a destination of choice for early stage startups.

Balance Sheet Detail
LineBeginningEndChange
Assets
Loans From Officers Directors$200,000$192,500▼ $7,500
Cash and Non-Interest-Bearing Accounts$66,066$83,430▲ $17,364
Savings and Temporary Cash Investments$31,895$11,409▼ $20,486
Prepaid Expenses and Deferred Charges$2,733$10,755▲ $8,022
Accounts Receivable$22,668$1,868▼ $20,800
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$123,362$107,462▼ $15,900
Other Assets Total-$0-
Liabilities
Other Liabilities$27,142$16,368▼ $10,774
Accounts Payable and Accrued Expenses$22,043$3,700▼ $18,343
Total Liabilities$249,185$212,568▼ $36,617
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-125,823$-105,106▲ $20,717
Total Net Assets Fund Balance$-125,823$-105,106▲ $20,717
Total Liabilities and Net Assets / Fund Balance$123,362$107,462▼ $15,900
Compensation and Service Providers
Top Officer Pay99th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Andrea White-kjossExecutive DirectorFT$108,465$61,980$170,445

Board Members and Trustees

NameTitle
Vivian ShimoyamaChairman
Brenda WunschVice Chair
Chris HalliwellDirector
John KeislerDirector
Payal KamdarDirector
Rod RigoleDirector
Sue MaloneDirector
Wade MartinDirector
Walter LarkinsDirector
Ragan RobertsonSecretary
Santhosh DevatiTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$150,000
Program Service Revenue
$238,961
Investment Income
$0
Other Revenue
$26,831
All Other Contributions
$150,000
Change in Net Assets
$20,717
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$296,673
Other Expenses$98,402
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$136,356$34,089-$170,445
Other Salaries and Wages$74,547$18,637-$93,184
Payroll Taxes$17,179$4,295-$21,474
Occupancy$12,682$3,170-$15,852
Fees for Services Management-$12,850-$12,850
Fees for Services Accounting-$12,606-$12,606
Other Employee Benefits$9,256$2,314-$11,570
Information Technology-$11,364-$11,364
Insurance$8,747$2,187-$10,934
Fees for Services Other-$2,641-$2,641
Other Expenses$977$1,042-$1,042
Travel-$602-$602
Office Expenses-$586-$586
Interest-$430-$430
All Other Expenses$240$110-$350
Total Functional Expenses$287,436$107,639$0$395,075
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$200,000$192,500▼ $7,500
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Liabilities$9,984
Accrued Interest$5,184
Accrued Expenses$1,200
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
No
Other officer compensation reviewed
No
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

“Form 990 was reviewed by the executive director and treasurer prior to filing with the irs.”

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

“Each member of the board of directors annually reviews the conflict of interest policy, discloses any potential conflicts, and signs their adherence to the policy.”

Form 990, Part VI, Section C, Line 18

“Form 990 is available through www.guidestar.org”

Form 990, Part VI, Section C, Line 19

“Documents are available upon request.”

Filing and Contact Details

Filer

Filer Name
Long Beach Accelerator Inc
EIN
84-3378272
Phone
3109908524
Address
245 E THIRD ST, LONG BEACH, CA 90802

Signing Officer

Name
Ragan Robertson
Title
Treasurer
Signed
2024-10-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ragan Robertson
Formed
2019
Legal Domicile
CA
Voting Board Members
11
Independent Board Members
10
Employees
4
Volunteers
40

Preparer

Firm
Kevin Wong CPA
Address
301 E foothill blvd ste 202, arcadia, CA 91006
Preparer
Kevin Wong
Phone
6262474339
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IRS990/OccupancyGrp/ProgramServicesAmt012682
IRS990/OccupancyGrp/TotalAmt015852
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0586
IRS990/OfficeExpensesGrp/TotalAmt0586
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt02314
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt09256
IRS990/OtherEmployeeBenefitsGrp/TotalAmt011570
IRS990/OtherExpensesGrp/Desc0PROGRAM EXPENSES
IRS990/OtherExpensesGrp/Desc1MARKETING
IRS990/OtherExpensesGrp/Desc2PAYROLL PROCESSING
IRS990/OtherExpensesGrp/Desc3BANK FEES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0472
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1244
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt21042
IRS990/OtherExpensesGrp/ProgramServicesAmt025564
IRS990/OtherExpensesGrp/ProgramServicesAmt11888
IRS990/OtherExpensesGrp/ProgramServicesAmt2977
IRS990/OtherExpensesGrp/TotalAmt025564
IRS990/OtherExpensesGrp/TotalAmt12360
IRS990/OtherExpensesGrp/TotalAmt21221
IRS990/OtherExpensesGrp/TotalAmt31042
IRS990/OtherInd0X
IRS990/OtherLiabilitiesGrp/BOYAmt027142
IRS990/OtherLiabilitiesGrp/EOYAmt016368
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME - AP FORGIVEN
IRS990/OtherRevenueMiscGrp/Desc1OTHER INCOME - LOAN FORGIVEN
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt019331
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt17500
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt019331
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt17500
IRS990/OtherRevenueTotalAmt026831
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt018637
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt074547
IRS990/OtherSalariesAndWagesGrp/TotalAmt093184
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt04295
IRS990/PayrollTaxesGrp/ProgramServicesAmt017179
IRS990/PayrollTaxesGrp/TotalAmt021474
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt02733
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt010755
IRS990/PrincipalOfficerNm0RAGAN ROBERTSON
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0PROGRAM REVENUE
IRS990/ProgramServiceRevenueGrp/Desc1SPONSORSHIPS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0230461
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt18500
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0230461
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt18500
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt057500
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt015
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0116762
IRS990/PYProgramServiceRevenueAmt0308250
IRS990/PYRevenuesLessExpensesAmt0-122501
IRS990/PYSalariesCompEmpBnftPaidAmt0371504
IRS990/PYTotalExpensesAmt0488266
IRS990/PYTotalRevenueAmt0365765
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt020717
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0238961
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt031895
IRS990/SavingsAndTempCashInvstGrp/EOYAmt011409
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/First5Years509Ind0X
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0150000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt057500
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt050000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0257500
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt00
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0238961
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0272250
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0328124
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt02500
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0841835
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt026831
IRS990ScheduleA/OtherIncome509Grp/TotalAmt026831
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.00000
IRS990ScheduleA/PublicSupportTotal509Amt0909335
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt0145000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt045000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt0190000
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearAmt0145000
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus1YearAmt045000
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt0190000
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0388961
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0329750
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0378124
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt02500
IRS990ScheduleA/Total509Grp/TotalAmt01099335
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0415792
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0329750
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0378124
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt02500
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01126166
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01200
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt15184
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt29984
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED EXPENSES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED INTEREST
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2PAYROLL LIABILITIES
IRS990ScheduleD/TotalLiabilityAmt016368
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0true

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$107,462
Liabilities
$212,568
Net assets
-$105,106
Revenue
$415,792
Expenses
$395,075
Net income
$20,717
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.43$1.86$1.43$0.91$1.29$0.37
2023Detailed filing. Detailed filing data is available for this year.$1.07$2.13$1.05$4.16$3.95$0.21
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.23$2.49$1.26$3.66$4.88$1.23
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.39$2.42$0.03$3.88$3.02$0.86