Accelerated Growth Partners INC FY2020 filing

Miami, FLUnknown exempt organizationSince 2013 EIN 46-1863804Revenue $238K in FY2020

On file with the IRSagpmiami.com1111 Brickell Avenue 10th Floor · Miami, FL

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AGP is an angel investor network that seeks to bring together active like minded early stage- investors interested in sharing information and connecting investors with start up businesses in South Florida.

100¢ of each $1 spent went to programs.
$105K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

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FY2020 · 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
3 of 5
filings with a surplus
Average deficit $3K a year · 1% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$105K
to officers and key staff · 45% of spending
Concern: pay to officers and key staff is 45% of spending; over 30%.
Pt VII · Sec A
6 mo
of spending, in cash
Looks good: 5.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $19K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$7K
6% of total assets
Looks good: liabilities are 6% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$238K
Spent
$235K
To programs
100%
Net assets
$106K
By yearFY2020–FY2025
Revenue
$238K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$238K
FY2021$405K
FY2022$362K
FY2024$356K
FY2025$221K
Expenses
$235K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$235K
FY2021$310K
FY2022$494K
FY2024$317K
FY2025$242K
Net assets
$106K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$106K
FY2021$201K
FY2022$68K
FY2024$56K
FY2025$33K

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 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

100 cents of each dollar spent went to programs.

Program services 100% · $235K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

6 people listed on the 990; $105K paid to officers and key staff.

Part VII, Section A · reportable compensation
Managing Director
$105,000Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Managing Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2025FY2024FY2022FY2021FY2020
Jared Schwitzke$148,966$137,941$66,013——
Rebecca Danta——$62,680$121,154$105,000

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 Accelerated Growth Partners 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 15aNo
  • Loans to or from officersSch L · Pt II1 listed

Programs and updates

Connects early-stage investors with South Florida startups, sharing information and fostering collaboration.

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Provided by the organization

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1 program · $235K · in their own filed words · FY2020
01

In 2020, Accelerated Growth Partners D/B/A Miami Angels engaged with over 1,000 early-stage companies of which 2.6 million of investment capital was deployed by its members to startups. Due to the pandemic, we were able to expand our geographic investing thesis to all across the US, not just Miami companies

$235Kprogram 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 · FY2020
Total grants receivedfrom 1 funder$19K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$238K
Ln 12
Gifts and grantsLn 1h$238K
Money outPt IX
$235K
Ln 25
Programscol B$235K
Owns and owesPt X
$106K
net assets · Ln 32
Cash and savingsLn 1–2$113K
Total assetsLn 16$113K
LiabilitiesLn 26$7K
PeoplePt VI, VII
6
listed · VII A
PaidVII A1
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$238K
Total revenueLn 12$238K
Assets in detailPt X, end of year
CashLn 1$113K
Cash and savings togetherLn 1–2$113K
Total assetsLn 16$113K
LiabilitiesLn 26$7K
Net assetsLn 32$106K
OperationsPt I, VI
EmployeesI 52
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$100K$113K
Total assetsLn 16$103K$113K
LiabilitiesLn 26$114$7K
Net assetsLn 32$102K$106K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$105K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$82K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$21K
Management feesLn 11a$0
Legal feesLn 11b$946
Accounting feesLn 11c$880
Lobbying feesLn 11d$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$7K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$3K
TravelLn 17$2K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$1K
Other expenses (24a–d)Ln 24$12K
All other expensesLn 24e$0
Total functional expensesLn 25$235K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $221K$242K−$22K$33K 990 PDF
FY2024 $356K$317K$39K$56K 990 PDF
FY2023 Not on file
FY2022 $362K$494K−$133K$68K 990 PDF
FY2021 $405K$310K$95K$201K 990 PDF
FY2020 Viewing $238K$235K$4K$106K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $238,488 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $257,846$238,488
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenuePrior year $75$0
I-12 Total revenuePrior year $257,921$238,488
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $208,178$208,448
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $27,553$26,393
I-18 Total expensesPrior year $235,731$234,841
I-19 Revenue less expensesPrior year $22,190$3,647
Part VI · Governance 6 of 6 board members independent, 4 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $238,488 across 4 lines filed
VIII-1b Membership dues$190,743
VIII-1f All other contributions, gifts and grants$47,745
VIII-1h Total contributions, gifts and grants$238,488
VIII-12 Total revenue$238,488
Part IX · Statement of functional expenses $234,841 across 30 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$105,000
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$82,481
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$20,967
IX-11a Management fees$0
IX-11b Legal fees$946
IX-11c Accounting fees$880
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-12 Advertising and promotion$0
IX-13 Office expenses$6,646
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$2,805
IX-17 Travel$1,754
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 Insurance$1,146
IX-24 Other expenses (24a–d)$12,216
IX-24e All other expenses$0
IX-25 Total functional expenses$234,841
Part X · Balance sheet $112,749 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $100,097$112,749
X-16 Total assetsStart of year $102,597$112,749
X-17 Accounts payable and accrued expensesStart of year $114$6,619
X-26 Total liabilitiesStart of year $114$6,619
X-32 Total net assets or fund balancesStart of year $102,483$106,130
X-33 Total liabilities and net assetsStart of year $102,597$112,749
Part XI · Reconciliation of net assets $106,130 net assets at year end
XI-1 Total revenue$238,488
XI-2 Total expenses$234,841
XI-3 Revenue less expenses$3,647
XI-4 Net assets at start of year$102,483
XI-10 Net assets at end of year$106,130

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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