Accelerate Institute FY2023 filing

Tax-deductible

Chicago, IL501(c)(3)EducationEIN 36-3764476Revenue $2.3M in FY2023

On file with the IRSaccelerateinstitute.org150 N Michigan Ave Ste 2100, 60601-7559 · Chicago, ILTax-exempt since Mar 1992Publicly supported charity — 170(b)(1)(A)(vi)

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Accelerate Institute is an organization devoted to the betterment of urban children through education.

501(c)(3) charity; gifts are tax-deductible.
85¢ of each $1 spent went to programs.
$1.1M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
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
3 of 6
filings with a surplus
Average deficit $42K a year · 2% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
85%
of spending
Looks good: 85% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.1M
to officers and key staff · 43% of spending
Concern: pay to officers and key staff is 43% of spending; over 30%.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Looks good: 4.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
13
named funders · $1.4M
Looks good: 13 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$120K
12% of total assets
Looks good: liabilities are 12% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.3M
+36% vs prior year
Spent
$2.5M
To programs
85%
Net assets
$858K
By yearFY2020–FY2025
Revenue
$2.3M
FY2023▲ +36%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.3M
FY2021$2.2M
FY2022$1.7M
FY2023$2.3M
FY2024$1.8M
FY2025$1.6M
Expenses
$2.5M
FY2023▲ +18%
Tap a bar for its year
Expenses by fiscal year
FY2020$2.2M
FY2021$1.8M
FY2022$2.2M
FY2023$2.5M
FY2024$1.6M
FY2025$1.6M
Net assets
$858K
FY2023▼ -25%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.3M
FY2021$1.6M
FY2022$1.2M
FY2023$858K
FY2024$1.0M
FY2025$932K

From the FY2023 Form 990 (year ending June 2023) · figures checked against the IRS filing · 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 ruling in Mar 1992.

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

Where the money goes

85 cents of each dollar spent went to programs.

Program services 85% · $2.2M Management & general 4% · $90K Fundraising 12% · $293K

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; $1.1M 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
Chief Executive Officer
$232,178Pt VII · Sec A
President and Chief Academic Officer
$208,926Pt VII · Sec A
SR. Dir. of Curriculum and Assessment
$136,926Pt VII · Sec A
SR. Dir. of Professional Learning
$128,605Pt VII · Sec A
SR. Dir. of Curriculum and Assessment
$127,372Pt VII · Sec A
SR. Dir. of Curriculum and Instruction
$112,700Pt VII · Sec A
Dir. of Finance & Operations
$105,524Pt VII · Sec A
Vice President and Secretary
$52,775Pt VII · Sec A

Catherine Burns’s $234K as President and Chief Academic Officer is at the 89th percentile of top reported officer pay among 3394 $1–10M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Nora Ligurotis—$129,922$232,178$223,268$258,400$218,400
Catherine Burns$234,328$224,900$208,926$193,566$189,280$180,877
Keelin Philippe$157,012$143,954$128,605$116,382$100,023—
Erin Brooks$148,510$142,383$136,926$131,679$128,607$116,607
Velia Soto$138,175$132,446$127,372$122,492$119,600$117,800
Dr Angel Turner————$137,500—
Erin Gilmore$131,430$125,243————
Katherine Pillai$125,189$114,377$105,524———

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.

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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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Improves urban children's lives through education.

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Provided by the organization

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1 program · $2.2M · in their own filed words · FY2022
01

Accelerate Institute is an organization whose mission is to enable every child to reach their full potential by partnering with high-performing schools to dramatically accelerate student achievement.

$2.2Mprogram 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 · FY2024
See all 13 funders →
Grants paid · 2 grants · $60K · 2019–2021
Alain Locke Charter SchoolIL · FY2021$10,000
Unitemized GrantFY2019$50,000

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$2.3M
Ln 12
Gifts and grantsLn 1h$2.1M
Fees for servicesLn 2g$195K
Investment incomeLn 3$38K
Money outPt IX
$2.5M
Ln 25
Programscol B$2.2M
Managementcol C$90K
Fundraisingcol D$293K
Owns and owesPt X
$858K
net assets · Ln 32
Cash and savingsLn 1–2$920K
Total assetsLn 16$978K
LiabilitiesLn 26$120K
PeoplePt VI, VII
13
listed · VII A
PaidVII A8
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.1M
Noncash giftsLn 1g$97K
Fundraising eventsLn 1c$911K
Fees for servicesLn 2g$195K
Investment incomeLn 3$38K
Gains on assetsLn 7$2K
Total revenueLn 12$2.3M
Assets in detailPt X, end of year
CashLn 1$89K
SavingsLn 2$831K
Cash and savings togetherLn 1–2$920K
Land, buildings, equipmentLn 10c$27K
Other assetsLn 15$0
Total assetsLn 16$978K
LiabilitiesLn 26$120K
Net assetsLn 32$858K
OperationsPt I, VI
EmployeesI 516
VolunteersI 68
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$1.3M$920K
Land, buildings, equipmentLn 10c$9K$27K
Total assetsLn 16$1.4M$978K
LiabilitiesLn 26$199K$120K
Net assetsLn 32$1.2M$858K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$2K$2K
Pay of current officers, directors and key staffLn 5$565K$472K$13K$80K
Other salaries and wagesLn 7$1.3M$1.2M$25K$14K
Pension plan contributionsLn 8$24K$23K$577$617
Other employee benefitsLn 9$112K$106K$2K$4K
Payroll taxesLn 10$118K$109K$3K$6K
Accounting feesLn 11c$37K$37K
Other fees for servicesLn 11g$35K$20K$4K$10K
Advertising and promotionLn 12$179K$5K$174K
Office expensesLn 13$26K$25K$195$596
Information technologyLn 14$47K$44K$2K
OccupancyLn 16$13K$13K
TravelLn 17$28K$27K$476$748
Conferences, conventions and meetingsLn 19$7K$7K$275
Depreciation, depletion and amortizationLn 22$7K$7K
InsuranceLn 23$75K$71K$4K
All other expensesLn 24e$0$0$0$0
Total functional expensesLn 25$2.5M$2.2M$90K$293K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.6M$1.6M−$84K$932K 990 PDF
FY2024 $1.8M$1.6M$159K$1.0M 990 PDF
FY2023 Viewing $2.3M$2.5M−$293K$858K 990 PDF
FY2022 $1.7M$2.2M−$490K$1.2M 990 PDF
FY2021 $2.2M$1.8M$327K$1.6M 990 PDF
FY2020 $2.3M$2.2M$130K$1.3M 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 $2,250,299 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,532,228$2,082,415
I-9 Program service revenuePrior year $143,900$194,790
I-10 Investment incomePrior year $679$37,807
I-11 Other revenuePrior year −$16,497−$64,713
I-12 Total revenuePrior year $1,660,310$2,250,299
I-13 Grants and similar amounts paidPrior year $10,000$2,500
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $1,658,867$2,088,204
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $481,648$453,040
I-18 Total expensesPrior year $2,150,515$2,543,744
I-19 Revenue less expensesPrior year −$490,205−$293,445
Part VI · Governance 3 of 3 board members independent, 1 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $2,250,299 across 9 lines filed
VIII-1c Fundraising events$910,509
VIII-1f All other contributions, gifts and grants$1,171,906
VIII-1g Noncash contributions (included above)$97,415
VIII-1h Total contributions, gifts and grants$2,082,415
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $194,790$194,790
VIII-3 Investment incomeExcluded from tax $35,710$35,710
VIII-7 Net gain or loss on sales of assetsExcluded from tax $2,097$2,097
VIII-8 Net income from fundraising eventsExcluded from tax −$64,713−$64,713
VIII-12 Total revenueRelated to mission $194,790 · Unrelated business $0 · Excluded from tax −$26,906$2,250,299
Part IX · Statement of functional expenses $2,543,744 across 17 lines filed
IX-1 Grants to domestic organizationsPrograms $2,500$2,500
IX-5 Pay of current officers, directors and key staffPrograms $472,187 · Management $13,264 · Fundraising $79,585$565,036
IX-7 Other salaries and wagesPrograms $1,229,637 · Management $24,953 · Fundraising $14,465$1,269,055
IX-8 Pension plan contributionsPrograms $22,769 · Management $577 · Fundraising $617$23,963
IX-9 Other employee benefitsPrograms $105,769 · Management $2,469 · Fundraising $3,608$111,846
IX-10 Payroll taxesPrograms $109,258 · Management $2,675 · Fundraising $6,371$118,304
IX-11c Accounting feesManagement $36,620$36,620
IX-11g Other fees for servicesPrograms $20,368 · Management $4,258 · Fundraising $10,224$34,850
IX-12 Advertising and promotionPrograms $4,572 · Fundraising $174,054$178,626
IX-13 Office expensesPrograms $25,198 · Management $195 · Fundraising $596$25,989
IX-14 Information technologyPrograms $44,366 · Fundraising $2,334$46,700
IX-16 OccupancyPrograms $12,888$12,888
IX-17 TravelPrograms $26,989 · Management $476 · Fundraising $748$28,213
IX-19 Conferences, conventions and meetingsPrograms $6,731 · Fundraising $275$7,006
IX-22 Depreciation, depletion and amortizationPrograms $7,076$7,076
IX-23 InsurancePrograms $70,985 · Management $4,087$75,072
IX-24e All other expensesPrograms $0 · Management $0 · Fundraising $0$0
IX-25 Total functional expensesPrograms $2,161,293 · Management $89,574 · Fundraising $292,877$2,543,744
Part X · Balance sheet $978,286 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $359,834$88,834
X-2 Savings and temporary cash investmentsStart of year $945,881$831,102
X-4 Accounts receivableStart of year $10,003$0
X-9 Prepaid expenses and deferred chargesStart of year $25,611$30,946
X-10c Land, buildings and equipment, netStart of year $9,080$27,404
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $1,350,409$978,286
X-17 Accounts payable and accrued expensesStart of year $63,877$67,612
X-19 Deferred revenueStart of year $135,000$52,587
X-25 Other liabilitiesStart of year $0$0
X-26 Total liabilitiesStart of year $198,877$120,199
X-27 Net assets without donor restrictionsStart of year $1,006,532$858,087
X-28 Net assets with donor restrictionsStart of year $145,000$0
X-32 Total net assets or fund balancesStart of year $1,151,532$858,087
X-33 Total liabilities and net assetsStart of year $1,350,409$978,286
Part XI · Reconciliation of net assets $858,087 net assets at year end
XI-1 Total revenue$2,250,299
XI-2 Total expenses$2,543,744
XI-3 Revenue less expenses−$293,445
XI-4 Net assets at start of year$1,151,532
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$858,087

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

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