Accelerated College Experiences INC EIN 45-4101866

Accelerated College Experiences INC

EIN  45-4101866 Higher education institution Jamaica Plain, MA Founded 2012
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Empowers students to achieve academic and personal excellence with a GPA of 3.0 or higher.
Leadership
Lorita Williams · President/CEO · $99K
Money in and out
$150K revenue, $219K expenses
Bottom line
-46% operating surplus

Empowers students to achieve academic and personal excellence with a GPA of 3.0 or higher. For fiscal year 2025 it reported $150K in revenue, $219K in expenses, and $324K in net assets.Pt I

Financial scale & money flow · FY2025
Total revenue
$150K
Pt VIII · Ln 12
Total expenses
$219K
Pt IX · Ln 25
Net assets
$324K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$69K
Where spending went · Part IX cols B–D
Program services $0.95 Management & general $0.04 Fundraising $0.01
Operating surplus
-46%
revenue over expenses, this legal entity▼ -251% vs prior filing year
Program spending
95%
of expenses reach program services▲ +4% vs prior filing year
Gift & grant revenue
23%
of revenue from contributions & grants▼ -48% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$150K
FY2025▼ -53%
Expenses
$219K
FY2025▼ -1%
Total assets
$324K
FY2025▼ -18%
Total liabilities
$-10
FY2025▼ -102%
Total revenue
$150K
Pt VIII · Ln 12
Total expenses
$219K
Pt IX · Ln 25
Net assets
$324K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$69K
Total assetsPt X · Ln 16$324K
Program-expense ratioPt IX · col B95%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 42
Mission & Programs · Part III

Where the work happens

1 program service account for $208K of program spending, described in the organization's own filed words · FY2025.
01

Our tenth graduating class of students are attending various colleges across the country with a GPA of 3.0 or higher.

$208Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CAccelerated College Experiences INC
EINHdr · item D45-4101866
Principal addressHdr · item CJamaica Plain, MA
Year of formationHdr · item L2012
State of legal domicileHdr · item MMA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B90)
Ruling yearIRS BMFMar 2012

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1b2
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President/CEO
$99,000Pt VII · Sec A
Executive Director
$33,156Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Lorita Williams’s $99K as President/CEO is at the 83rd percentile of top reported officer pay among 1616 $100K–1M 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 · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Lorita Williams$99,000$99,000$91,500$72,100$56,000$61,382
Mia Roberts$33,156$35,627$26,332$28,495$20,100$13,904

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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Statement of Revenue

Part VIII
Program service revenue$114K · 76%
Contributions & grants$34K · 23%
Investment income$1K · 1%
Program service revenue76%$114K
Contributions & grants23%$34K
Investment income1%$1K
Total revenueLn 12$150K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.95 Management & general $0.04 Fundraising $0.01
Program services95%$208K
Management & general4%$9K
Fundraising1%$2K
Total functional expensesLn 25$219K

Balance Sheet

Part X · end of year
CashLn 1$298K
Total assetsLn 16$324K
Total liabilitiesLn 26$-10
Total net assetsLn 32$324K
Months of cash on handcomputed16.3

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $298K · Operating expenses/yr $219K
16.3 months
Where the money goes
Program services
Program services $208K · Total expenses $219K
95%
Management & General
Management & general $9K · Total expenses $219K
4%
Fundraising
Fundraising $2K · Total expenses $219K
1%
Cost to raise $1
Fundraising expense (3-yr avg) $8K · Solicited contributions (3-yr avg) $80K
$0.10 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $34K · Total revenue $150K
23%
Government reliance
Government grants $0 · Total revenue $150K
0%
Earned-income share
Program service revenue $114K · Total revenue $150K
76%
Investment reliance
Investment income $1K · Total revenue $150K
+1%
Program self-sufficiency
Program service revenue $114K · Total expenses $219K
52%
Growth & trend
Revenue growth (YoY)
This year $150K · Prior year $319K
-53%
Revenue CAGR
FY2020 $186K · FY2025 $150K
-4%
Net-asset trend (YoY)
End of year $324K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $150K · Expenses $219K
-46%
Liabilities-to-Assets
Total liabilities — · Total assets $324K
Net-asset ratio
Net assets $324K · Total assets $324K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $324K
0%
People & payroll
Highest Reported Total Compensation
Individual Lorita Williams · Reported title President/CEO · Highest reported compensation $99K · Total expenses $219K
45%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $219K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 95%
Overhead ratio 4%
Fundraising cost ratio 5%
Revenue growth -53%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 3 funders$45K
See all 3 funders →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$150K revenue · viewing · ⤓ 990 PDF
FY2024$319K revenue · ⤓ 990 PDF
FY2023$255K revenue · ⤓ 990 PDF
FY2022$199K revenue · ⤓ 990 PDF
FY2021$174K revenue · ⤓ 990 PDF
FY2020$186K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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