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Accel Foundation EIN 56-1900007

Accel Foundation FY2023 filing

EIN  56-1900007 Private foundation / grantmaker Jupiter, FL
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →
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Size
$100K–1M
What they do
A private foundation based in Jupiter, FL. It reported about $104K in revenue for 2022.
Money in and out
$104K revenue, $105K expenses
Bottom line
—

A private foundation based in Jupiter, FL. It reported about $104K in revenue for 2022. For fiscal year 2023 it reported $104K in revenue, $105K in expenses, and $515K in net assets.Pt I

Grants paid & assets · FY2023
Total revenue
$104K
Pt VIII · Ln 12
Total expenses
$105K
Pt IX · Ln 25
Net assets
$515K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$916
Total assets
515K
deployed as grants and operations
Grants paid
101K
in FY2023
Grants made
22grants
total in period
Payout rate
20%
of assets (5% rule)

Who They Fund

Part XV · grants paid · 22 grants · $78K · 2024–2024
Feed the Hungry Pantry of Palm Beach County INCFL · FY2024$10,000
Harvard UniversityFY2024$10,000
All God's Children INCKY · FY2024$7,000
Samaritans PurseNC · FY2024$6,000
Harvard SalientFY2024$5,000
Mana FoodbankFY2024$5,000
Salvation Army of AshevilleFY2024$5,000
Education Foundation of Martin County INCFL · FY2024$4,500
Salvation Army of Manatee CountyFY2024$4,000
Moravian Manor CommunitiesFY2024$3,000
United Way of Palm Beach County INCFL · FY2024$2,500
Second Harvest of the Big BendFY2024$2,500
Leadership InstituteFY2024$2,000
Boys & Girls Club of Martin County INCFL · FY2024$2,000
House of Hope of Martin CountyFY2024$2,000
Richland Creek ElementaryFY2024$1,700
Hannah's Home of South FloridaFY2024$1,500
Hobe Sound Early Learning CenterFY2024$1,500
See all 22 grants →

Grantmaking Profile

Patterns in foundation giving
Distinct granteesPart XV8
Average grantPart XV$4K
Median grantPart XV$2K
Largest grantPart XV$10K
Top cause focusNTEEFoundations & Grantmakers (9%)

Summary of the Filing

Part I · fiscal year 2023 · Form 990-PF
Revenue
$104K
FY2023▲ +38%
Expenses
$105K
FY2023▲ +22%
Total assets
$515K
FY20230%
Total liabilities
$0
FY2023
Total revenue
$104K
Pt VIII · Ln 12
Total expenses
$105K
Pt IX · Ln 25
Net assets
$515K
Pt X · Ln 32
Total assetsPt II$515K

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CAccel Foundation
EINHdr · item D56-1900007
Principal addressHdr · item CJupiter, FL
WebsiteHdr · item Jnone reported
State of legal domicileHdr · item MFL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T20Z)
Ruling yearIRS BMFSep 1995

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1apending
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12a—
Whistleblower policyPt VI · Ln 13—
Document retention policyPt VI · Ln 14—
CEO/top-official compensation independently reviewedPt VI · Ln 15a—
Family or business relationships among officers/directorsPt VI · Ln 2—

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Officers, directors & key employeesPt VII · Sec ANot reported
See Accel Foundation executive salaries →

Statement of Revenue

Part VIII
Investment income100%$103K
Other revenue$300
Total revenueLn 12$104K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Grants & contributions paid $0.96 Operating & administrative $0.04
Grants & contributions paid96%$101K
Operating & administrative4%$4K
Total functional expensesLn 25$105K

Balance Sheet

Part X · end of year
CashLn 1$75K
Total assetsLn 16$515K
Total liabilitiesLn 26$0
Total net assetsLn 32$515K
Months of cash on handcomputed8.7

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Payout rate
Grants paid $0 · Total assets $515K
0%
Where the money comes from
Contribution dependence
Contributions & grants — · Total revenue $104K
—
Government reliance
not reported
Earned-income share
not reported
Investment reliance
Investment income $0 · Total revenue $104K
0%
Program self-sufficiency
not reported
Growth & trend
Revenue growth (YoY)
This year $104K · Prior year $75K
+38%
Net-asset trend (YoY)
End of year $515K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $104K · Expenses $105K
-1%
Liabilities-to-Assets
Total liabilities — · Total assets $515K
—
Net-asset ratio
Net assets $515K · Total assets $515K
100%
People & payroll
Highest Reported Total Compensation
Individual — · Reported title — · Highest reported compensation — · Total expenses $105K
No individual compensation reported on this filing
Personnel share
not reported
Peer comparison

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

MetricThis orgPeer medianPercentile
Revenue growth 38%——

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.

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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)$98K revenue · ⤓ 990 PDF
FY2024$60K revenue · ⤓ 990 PDF
FY2023$104K revenue · viewing · ⤓ 990 PDF
FY2022$75K revenue · ⤓ 990 PDF
FY2021$52K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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