The Acceleration Project INC FY2023 filing

Tax-deductible

Scarsdale, NY501(c)(3)Since 2012Community DevelopmentEIN 46-0762002Revenue $2.2M in FY2023

On file with the IRStheaccelerationproject.orgPo Box 335, 10583-0335 · Scarsdale, NYTax-exempt since Jan 2014Publicly supported charity — 170(b)(1)(A)(vi)

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To unlock pathways to wealth creation and economic mobility by accelerating under-resourced small businesses through high impact, customized support in strategy, operations, finance and marketing.

501(c)(3) charity; gifts are tax-deductible.
62¢ of each $1 spent went to programs.
$338K 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
6 of 6
filings with a surplus
Average surplus $481K a year · 25% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
62%
of spending
Worth a look: 62% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$338K
to officers and key staff · 19% of spending
Fine: pay to officers and key staff is 19% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
6 mo
of spending, in cash
Looks good: 5.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
22
named funders · $803K
Looks good: 22 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$188K
7% of total assets
Looks good: liabilities are 7% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.2M
+7% vs prior year
Spent
$1.7M
To programs
62%
Net assets
$2.7M
By yearFY2020–FY2025
Revenue
$2.2M
FY2023▲ +7%
Tap a bar for its year
Revenue by fiscal year
FY2020$870K
FY2021$1.2M
FY2022$2.1M
FY2023$2.2M
FY2024$2.6M
FY2025$2.7M
Expenses
$1.7M
FY2023▲ +47%
Tap a bar for its year
Expenses by fiscal year
FY2020$528K
FY2021$798K
FY2022$1.2M
FY2023$1.7M
FY2024$2.2M
FY2025$2.5M
Net assets
$2.7M
FY2023▲ +24%
Tap a bar for its year
Net assets by fiscal year
FY2020$852K
FY2021$1.3M
FY2022$2.2M
FY2023$2.7M
FY2024$3.2M
FY2025$3.4M

From the FY2023 Form 990 · 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 Jan 2014.

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

Where the money goes

62 cents of each dollar spent went to programs.

Program services 62% · $1.1M Management & general 16% · $276K Fundraising 22% · $383K

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

12 people listed on the 990; $338K paid to officers and key staff.

Part VII, Section A · reportable compensation
Chief Growth
$104,742Pt VII · Sec A
President/Ce
$84,698Pt VII · Sec A
Chief Operat
$74,520Pt VII · Sec A
Chief Prog.
$74,520Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Pres. Counc
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Jane Veron’s $104K as President/Ce is at the 22nd percentile of top reported officer pay among 2832 $1–10M community development 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
Tracy Jaffe$87,057$96,412$104,742$93,474$84,947$64,756
Jane Veron$104,287$101,624$84,698$78,902$88,000$83,880
Natalia Alarcon$87,500$90,833————
Claudia Uribe$67,512$89,385$74,520$65,600——
Devon Briger$81,368$83,410$74,520———
Nancy Rosenberg————$83,241$63,443
Katherine Knudsen$76,489—————
Nancy Rosenberguntil 71222———$40,454——

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

Accelerates small business growth and empowers professional women to make a community impact.

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Provided by the organization

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2 programs · $1.1M · in their own filed words · FY2023
01

Scalable platform through scalable programming, tap is able to provide expertise on specific areas of need within the small business ecosystem to larger audiences. This includes the development and delivery of content in individual sessions. The content can be delivered in large group settings or in one-on-one engagements.

$695Kprogram expense
02

Strategic advisory program consultative advisory program during which tap consultants work closely with small business owners to address their unique challenges and guide and mentor them toward future growth. Length of advisory program varies from 1 meeting to 6+ meetings over 12 week period.

$385Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
See all 22 funders →

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$2.2M
Ln 12
Gifts and grantsLn 1h$1.4M
Fees for servicesLn 2g$704K
Investment incomeLn 3$72K
Money outPt IX
$1.7M
Ln 25
Programscol B$1.1M
Managementcol C$276K
Fundraisingcol D$383K
Owns and owesPt X
$2.7M
net assets · Ln 32
Cash and savingsLn 1–2$861K
Total assetsLn 16$2.9M
LiabilitiesLn 26$188K
PeoplePt VI, VII
12
listed · VII A
PaidVII A4
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.4M
Government grantsLn 1e$40K
Noncash giftsLn 1g$26K
Fundraising eventsLn 1c$544K
Fees for servicesLn 2g$704K
Investment incomeLn 3$72K
Gains on assetsLn 7$104
Total revenueLn 12$2.2M
Assets in detailPt X, end of year
CashLn 1$405K
SavingsLn 2$456K
Cash and savings togetherLn 1–2$861K
InvestmentsLn 11–13$2.0M
Total assetsLn 16$2.9M
LiabilitiesLn 26$188K
Net assetsLn 32$2.7M
OperationsPt I, VI
EmployeesI 528
VolunteersI 6225
Fiscal year endsHeaderDecember
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$1.8M$861K
InvestmentsLn 11–13$480K$2.0M
Total assetsLn 16$2.3M$2.9M
LiabilitiesLn 26$101K$188K
Net assetsLn 32$2.2M$2.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$385K$255K$65K$65K
Other salaries and wagesLn 7$979K$621K$143K$215K
Other employee benefitsLn 9$28K$16K$4K$8K
Payroll taxesLn 10$99K$64K$15K$20K
Accounting feesLn 11c$16K$16K
Other fees for servicesLn 11g$69K$12K$2K$55K
Advertising and promotionLn 12$28K$13K$7K$8K
Office expensesLn 13$5K$698$1K$3K
Information technologyLn 14$61K$49K$5K$7K
TravelLn 17$26K$11K$14K$959
Conferences, conventions and meetingsLn 19$32K$30K$1K$1K
InsuranceLn 23$10K$9K$2K
Total functional expensesLn 25$1.7M$1.1M$276K$383K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $2.7M$2.5M$247K$3.4M 990 PDF
FY2024 $2.6M$2.2M$491K$3.2M 990 PDF
FY2023 Viewing $2.2M$1.7M$483K$2.7M 990 PDF
FY2022 $2.1M$1.2M$886K$2.2M 990 PDF
FY2021 $1.2M$798K$439K$1.3M 990 PDF
FY2020 $870K$528K$341K$852K 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 $2,221,431 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,237,148$1,445,641
I-9 Program service revenuePrior year $828,420$704,003
I-10 Investment incomePrior year $3,376$71,787
I-11 Other revenue$0
I-12 Total revenuePrior year $2,068,944$2,221,431
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $956,868$1,490,643
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $226,509$248,101
I-18 Total expensesPrior year $1,183,377$1,738,744
I-19 Revenue less expensesPrior year $885,567$482,687
Part VI · Governance 9 of 9 board members independent, 3 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $2,221,431 across 9 lines filed
VIII-1c Fundraising events$544,472
VIII-1e Government grants$40,500
VIII-1f All other contributions, gifts and grants$860,669
VIII-1g Noncash contributions (included above)$25,616
VIII-1h Total contributions, gifts and grants$1,445,641
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $704,003$704,003
VIII-3 Investment incomeExcluded from tax $71,683$71,683
VIII-7 Net gain or loss on sales of assetsExcluded from tax $104$104
VIII-12 Total revenueRelated to mission $704,003 · Excluded from tax $71,787$2,221,431
Part IX · Statement of functional expenses $1,738,744 across 12 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $255,096 · Management $64,957 · Fundraising $64,657$384,710
IX-7 Other salaries and wagesPrograms $621,058 · Management $143,152 · Fundraising $214,700$978,910
IX-9 Other employee benefitsPrograms $15,611 · Management $3,740 · Fundraising $8,182$27,533
IX-10 Payroll taxesPrograms $63,924 · Management $15,184 · Fundraising $20,382$99,490
IX-11c Accounting feesManagement $15,975$15,975
IX-11g Other fees for servicesPrograms $11,670 · Management $2,322 · Fundraising $54,997$68,989
IX-12 Advertising and promotionPrograms $13,418 · Management $6,692 · Fundraising $7,941$28,051
IX-13 Office expensesPrograms $698 · Management $1,286 · Fundraising $2,742$4,726
IX-14 Information technologyPrograms $48,693 · Management $5,442 · Fundraising $7,154$61,289
IX-17 TravelPrograms $11,181 · Management $14,171 · Fundraising $959$26,311
IX-19 Conferences, conventions and meetingsPrograms $29,874 · Management $1,449 · Fundraising $1,085$32,408
IX-23 InsurancePrograms $8,799 · Management $1,553$10,352
IX-25 Total functional expensesPrograms $1,080,022 · Management $275,923 · Fundraising $382,799$1,738,744
Part X · Balance sheet $2,868,264 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $472,312$404,533
X-2 Savings and temporary cash investmentsStart of year $1,294,310$456,237
X-4 Accounts receivableStart of year $18,400$9,000
X-9 Prepaid expenses and deferred chargesStart of year $2,001$2,378
X-11 Publicly traded securitiesStart of year $479,746$1,996,116
X-16 Total assetsStart of year $2,266,769$2,868,264
X-17 Accounts payable and accrued expensesStart of year $26,866$41,885
X-19 Deferred revenueStart of year $73,700$146,110
X-26 Total liabilitiesStart of year $100,566$187,995
X-27 Net assets without donor restrictionsStart of year $2,014,622$2,599,654
X-28 Net assets with donor restrictionsStart of year $151,581$80,615
X-32 Total net assets or fund balancesStart of year $2,166,203$2,680,269
X-33 Total liabilities and net assetsStart of year $2,266,769$2,868,264
Part XI · Reconciliation of net assets $2,680,269 net assets at year end
XI-1 Total revenue$2,221,431
XI-2 Total expenses$1,738,744
XI-3 Revenue less expenses$482,687
XI-4 Net assets at start of year$2,166,203
XI-5 Net unrealized gains (losses) on investments$31,379
XI-10 Net assets at end of year$2,680,269

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

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