Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 2014.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Who runs it and what they're paid
16 people listed on the 990.
Dan Lloyd’s $8K as Managing Director is at the 5th percentile of top reported officer pay among 1709 $100K–1M 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.
See Accelerate Long Island INC executive salaries →Are you one of these people? Claim this org to confirm your role
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
Programs and updates
Administers a grant program to foster innovation and economic development on Long Island.
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Ali was awarded the long island innovation hot spot ("liihs") grant issued by new york state empire state development ("esd") in 2023. The contract period began on january 1, 2023, and ends on december 31, 2027, with total grant funding of $1,250,000 from esd.
Accelerate long island (ali), a non-profit founded in 2011, has an extensive and committed track record of accelerating growth for long island based high technology startups. Ali leads a unique collaboration among long island's world class research institutions and its business community to commercialize research and create an…
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By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $105K | $119K |
| Total assetsLn 16 | $950K | $958K |
| LiabilitiesLn 26 | $41K | $35K |
| Net assetsLn 32 | $909K | $923K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Legal feesLn 11b | $77K | |||
| Accounting feesLn 11c | $15K | |||
| Other fees for servicesLn 11g | $76K | |||
| Advertising and promotionLn 12 | $8K | |||
| Office expensesLn 13 | $10K | |||
| OccupancyLn 16 | $5K | |||
| Conferences, conventions and meetingsLn 19 | $17K | |||
| InsuranceLn 23 | $5K | |||
| Other expenses (24a–d)Ln 24 | $17K | |||
| Total functional expensesLn 25 | $230K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest Viewing | $243K | $230K | $13K | $923K | 990 PDF |
| FY2023 | $186K | $190K | −$5K | $909K | 990 PDF |
| FY2022 | $75K | $29K | $46K | $944K | 990 PDF |
| FY2021 | $75K | $24K | $51K | $898K | 990 PDF |
| FY2020 | $75K | $22K | $53K | $847K | 990 PDF |
| FY2019 | $300K | $23K | $277K | $793K | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $243,283 across 5 lines filed
Part IX · Statement of functional expenses $229,798 across 9 lines filed
Part X · Balance sheet $957,563 assets, 12 lines filed
Part XI · Reconciliation of net assets $922,594 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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