The Startup Accelerator INC FY2023 filing

Indianapolis, INUnknown exempt organizationEIN 27-5088434Revenue $149K in FY2023

On file with the IRSspeakeasyindy.com5255 Winthrop Ave 110 · Indianapolis, IN

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The start-up Accelerator, DBA the speak easy, is a non-profit membership based coworking organization with a mission to cultivate the healthiest possible entrepreneurial ecosystem by 1)cultivating a community where members can create, collaborate, and learn and by 2)bringing established businesses and entrepreneurs together for the good of everyone in indianapolis. The program service accomplishments are measured by community and economic impact.

45¢ of each $1 spent went to programs.
$65K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $20K a year · 11% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
45%
of spending
Concern: 45% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$65K
to officers and key staff · 26% of spending
Worth a look: pay to officers and key staff is 26% of spending; over 20%.
Pt VII · Sec A
Cash reserves
6 mo
of spending, in cash
Looks good: 6.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $16
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$112K
50% of total assets
Looks good: liabilities are 50% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$149K
-51% vs prior year
Spent
$253K
To programs
45%
Net assets
$114K
By yearFY2021–FY2025
Revenue
$149K
FY2023▼ -51%
Tap a bar for its year
Revenue by fiscal year
FY2021$179K
FY2022$302K
FY2023$149K
FY2024$193K
FY2025$93K
Expenses
$253K
FY2023▲ +58%
Tap a bar for its year
Expenses by fiscal year
FY2021$173K
FY2022$161K
FY2023$253K
FY2024$253K
FY2025$179K
Net assets
$114K
FY2023▼ -48%
Tap a bar for its year
Net assets by fiscal year
FY2021$77K
FY2022$219K
FY2023$114K
FY2024$54K
FY2025−$32K

From the FY2023 Form 990 (year ending May 2023) · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

45 cents of each dollar spent went to programs.

Program services 45% · $113K Management & general 40% · $102K Fundraising 15% · $38K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

13 people listed on the 990; $65K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Executive Director
$38,000Pt VII · Sec A
Executive Director
$27,019Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Chair
$0Pt VII · Sec A

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Chelsea Marburger$50,020$77,878$27,019——
Julie Heath————$74,167
Tj Wright——$38,000$11,875—
Asyah Van$1,219————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See The Startup Accelerator INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Connects entrepreneurs and businesses to foster a thriving local innovation community.

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Provided by the organization

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1 program · $113K · in their own filed words · FY2022
01

The start-up accelerator, dba the speak easy, is a non-profit membership based coworking organization with a mission to cultivate the healthiest possible entrepreneurial ecosystem by 1)CULTIVATING a community where members can create, collaborate, and learn and by 2)BRINGING established businesses and entrepreneurs together for the good…

$113Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2023
Total grants receivedfrom 1 funder$16
Grants paid · 1 grant · $5K · 2020–2020
Pitch FeastIN · FY2020$5,000

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$149K
Ln 12
Gifts and grantsLn 1h$167K
Money outPt IX
$253K
Ln 25
Programscol B$113K
Managementcol C$102K
Fundraisingcol D$38K
Owns and owesPt X
$114K
net assets · Ln 32
Cash and savingsLn 1–2$127K
Total assetsLn 16$226K
LiabilitiesLn 26$112K
PeoplePt VI, VII
13
listed · VII A
PaidVII A2
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$167K
Total revenueLn 12$149K
Assets in detailPt X, end of year
CashLn 1$127K
Cash and savings togetherLn 1–2$127K
Land, buildings, equipmentLn 10c$75K
Total assetsLn 16$226K
LiabilitiesLn 26$112K
Net assetsLn 32$114K
OperationsPt I, VI
EmployeesI 52
VolunteersI 60
Fiscal year endsHeaderMay
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$283K$127K
Land, buildings, equipmentLn 10c$81K$75K
Total assetsLn 16$448K$226K
LiabilitiesLn 26$229K$112K
Net assetsLn 32$219K$114K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$7K$5K$338$1K
Other salaries and wagesLn 7$63K$47K$3K$13K
Other employee benefitsLn 9$4K$4K
Payroll taxesLn 10$590$590
Accounting feesLn 11c$38K$28K$9K
Advertising and promotionLn 12$3K$1K$1K
Office expensesLn 13$14K$4K$6K$4K
Information technologyLn 14$4K$2K$2K
OccupancyLn 16$49K$25K$25K
TravelLn 17$8K$3K$4K$1K
InterestLn 20$6K$6K
Depreciation, depletion and amortizationLn 22$3K$2K$797
InsuranceLn 23$4K$1K$1K$1K
Other expenses (24a–d)Ln 24$47K$21K$17K$8K
All other expensesLn 24e$4K$1K$3K
Total functional expensesLn 25$253K$113K$102K$38K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $93K$179K−$86K−$32K 990 PDF
FY2024 $193K$253K−$60K$54K 990 PDF
FY2023 Viewing $149K$253K−$105K$114K 990 PDF
FY2022 $302K$161K$141K$219K 990 PDF
FY2021 $179K$173K$6K$77K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (6 parts)
Part I · Summary $148,677 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $273,877$166,741
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $28,296−$18,064
I-12 Total revenuePrior year $302,173$148,677
I-13 Grants and similar amounts paidPrior year $5,000$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $56,534$74,293
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $99,206$178,977
I-18 Total expensesPrior year $160,740$253,270
I-19 Revenue less expensesPrior year $141,433−$104,593
Part VI · Governance 11 of 11 board members independent, 2 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $148,677 across 5 lines filed
VIII-1b Membership dues$124,688
VIII-1f All other contributions, gifts and grants$42,053
VIII-1h Total contributions, gifts and grants$166,741
VIII-6 Net rental income or lossUnrelated business −$18,064−$18,064
VIII-12 Total revenueRelated to mission $0 · Unrelated business −$18,064 · Excluded from tax $0$148,677
Part IX · Statement of functional expenses $253,270 across 15 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $5,066 · Management $338 · Fundraising $1,351$6,755
IX-7 Other salaries and wagesPrograms $47,113 · Management $3,141 · Fundraising $12,563$62,817
IX-9 Other employee benefitsManagement $4,131$4,131
IX-10 Payroll taxesManagement $590$590
IX-11c Accounting feesManagement $28,376 · Fundraising $9,459$37,835
IX-12 Advertising and promotionPrograms $1,470 · Management $1,470$2,940
IX-13 Office expensesPrograms $4,113 · Management $5,610 · Fundraising $3,992$13,715
IX-14 Information technologyPrograms $1,817 · Management $1,817$3,634
IX-16 OccupancyPrograms $24,615 · Management $24,615$49,230
IX-17 TravelPrograms $2,527 · Management $3,738 · Fundraising $1,264$7,529
IX-20 InterestManagement $5,969$5,969
IX-22 Depreciation, depletion and amortizationPrograms $2,391 · Management $797$3,188
IX-23 InsurancePrograms $1,397 · Management $1,356 · Fundraising $1,356$4,109
IX-24 Other expenses (24a–d)Programs $21,468 · Management $17,021 · Fundraising $8,339$46,828
IX-24e All other expensesPrograms $1,158 · Management $2,842$4,000
IX-25 Total functional expensesPrograms $113,135 · Management $101,811 · Fundraising $38,324$253,270
Part X · Balance sheet $225,515 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $282,518$127,486
X-4 Accounts receivableStart of year $78,224$14,625
X-9 Prepaid expenses and deferred chargesStart of year $5,923$8,021
X-10c Land, buildings and equipment, netStart of year $81,112$75,383
X-16 Total assetsStart of year $447,777$225,515
X-17 Accounts payable and accrued expensesStart of year $1,507$8,745
X-19 Deferred revenueStart of year $145,384$29,719
X-24 Unsecured notes and loans payableStart of year $76,584$70,979
X-25 Other liabilitiesStart of year $5,683$2,460
X-26 Total liabilitiesStart of year $229,158$111,903
X-27 Net assets without donor restrictionsStart of year $218,619$113,612
X-32 Total net assets or fund balancesStart of year $218,619$113,612
X-33 Total liabilities and net assetsStart of year $447,777$225,515
Part XI · Reconciliation of net assets $113,612 net assets at year end
XI-1 Total revenue$148,677
XI-2 Total expenses$253,270
XI-3 Revenue less expenses−$104,593
XI-4 Net assets at start of year$218,619
XI-8 Prior period adjustments−$414
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$113,612

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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