Hillman Accelerator: FY2020 Nonprofit Profile & Form 990 (EIN 82-0863876)

Revenue by fiscal year
FY2020	$1.8M
FY2021	$1.1M
FY2022	$2.3M
FY2023	$4.1M
FY2024	$1.3M

Expenses by fiscal year
FY2020	$763K
FY2021	$1.6M
FY2022	$2.6M
FY2023	$4.0M
FY2024	$2.7M

Net assets by fiscal year
FY2020	$1.3M
FY2021	$717K
FY2022	$363K
FY2023	$949K
FY2024	$3.3M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 2019.

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

Where the money goes

78 cents of each dollar spent went to programs.

78%

14%

Program services 78% · $592K Management & general 14% · $108K Fundraising 8% · $62K

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

3 people listed on the 990; $153K paid to officers and key staff.

Part VII, Section A · reportable compensation

Candice Matthews

Executive Director

$153,358Pt VII · Sec A

Maurice Coffey

Board Member

$0Pt VII · Sec A

Nnena Ukuku

Board Member

$0Pt VII · Sec A

Candice Brackeen’s $281K as CEO is at the 83rd 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 · 4 named individuals · Part VII

Name	FY2024	FY2023	FY2022	FY2021	FY2020
Candice Brackeen	$280,810	$312,839	—	—	—
Candice Matthews	—	—	$279,100	$149,422	$153,358
Alexis Alston	$143,227	—	—	—	—
Raquel Robinson	$128,680	—	—	—	—

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 2No
Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Helps underrepresented founders get seed funding for their new companies.

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Provided by the organization

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1 program · $592K · in their own filed words · FY2020

01

Launched july 10, 2017 with three tech-enabled companies, lightship brought together several leaders and business advisors within the tech ecosystem throughout the state to provide support for business modeling, marketing, fundraising and capital resources to help support business growth per its mandate.

$592Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid

Grants received · FY2024

TD Jakes FoundationFY2024$500K

The Greater Cincinnati FoundationFY2024$40K

Total grants receivedfrom 2 funders$540K

Grants paid · 9 grants · $160K · 2020–2022

Sugardoh LLCFY2022$25,000

Black Owned OuterwearFY2022$10,000

Xiao Chi Je CorpFY2022$10,000

OmcareFY2021$25,000

Young King HairFY2021$25,000

Rubitection INCFY2021$25,000

Algopear CorpFY2021$25,000

Provider PoolFY2021$10,000

Hustle Clean LLCFY2020$5,000

By the numbers

The FY2020 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$1.8M

Ln 12

Gifts and grantsLn 1h$1.8M

Fees for servicesLn 2g$2K

Investment incomeLn 3$20

Money outPt IX

$763K

Ln 25

Programscol B$592K

Managementcol C$108K

Fundraisingcol D$62K

Owns and owesPt X

$1.3M

net assets · Ln 32

Cash and savingsLn 1–2$842K

Total assetsLn 16$1.4M

LiabilitiesLn 26$161K

PeoplePt VI, VII

3

listed · VII A

PaidVII A1

Voting boardVI 1a2

IndependentVI 1b2

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$1.8M

Government grantsLn 1e$472K

Fees for servicesLn 2g$2K

Investment incomeLn 3$20

Total revenueLn 12$1.8M

Assets in detailPt X, end of year

CashLn 1$832K

SavingsLn 2$10K

Cash and savings togetherLn 1–2$842K

InvestmentsLn 11–13$150K

Other assetsLn 15$100K

Total assetsLn 16$1.4M

LiabilitiesLn 26$161K

Net assetsLn 32$1.3M

OperationsPt I, VI

EmployeesI 57

VolunteersI 630

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

Line	Start FY20	End FY20
Cash and savingsLn 1–2	$48K	$842K
InvestmentsLn 11–13	$150K	$150K
Total assetsLn 16	$298K	$1.4M
LiabilitiesLn 26	$62K	$161K
Net assetsLn 32	$237K	$1.3M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$5K	$5K
Pay of current officers, directors and key staffLn 5	$162K	$97K	$32K	$32K
Other salaries and wagesLn 7	$283K	$222K	$41K	$20K
Other employee benefitsLn 9	$36K	$27K	$6K	$3K
Payroll taxesLn 10	$32K	$23K	$5K	$4K
Accounting feesLn 11c	$28K	$23K	$5K
Other fees for servicesLn 11g	$86K	$85K	$108
Advertising and promotionLn 12	$60K	$60K
Office expensesLn 13	$4K		$4K
Information technologyLn 14	$8K		$8K
OccupancyLn 16	$26K	$18K	$4K	$3K
TravelLn 17	$8K	$8K
Conferences, conventions and meetingsLn 19	$11K	$11K
InterestLn 20	$754		$754
InsuranceLn 23	$206		$206
Other expenses (24a–d)Ln 24	$12K	$11K	$1K
Total functional expensesLn 25	$763K	$592K	$108K	$62K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest	$1.3M	$2.7M	−$1.4M	$3.3M	990 PDF
FY2023	$4.1M	$4.0M	$97K	$949K	990 PDF
FY2022	$2.3M	$2.6M	−$354K	$363K	990 PDF
FY2021	$1.1M	$1.6M	−$535K	$717K	990 PDF
FY2020 Viewing	$1.8M	$763K	$1.0M	$1.3M	990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations

See the full FY2020 990 (6 parts)

Part I · Summary $1,778,189 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $748,108$1,776,169

I-9 Program service revenuePrior year $55,680$2,000

I-10 Investment incomePrior year $20$20

I-11 Other revenuePrior year $0$0

I-12 Total revenuePrior year $803,808$1,778,189

I-13 Grants and similar amounts paidPrior year $0$5,000

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $439,157$513,093

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $288,436$244,461

I-18 Total expensesPrior year $727,593$762,554

I-19 Revenue less expensesPrior year $76,215$1,015,635

Part VI · Governance 2 of 2 board members independent, 2 to look at

VI-1a Voting members of the governing body2

VI-1b Independent voting members2

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-15a Process for setting top official's payYes

Part VIII · Statement of revenue $1,778,189 across 6 lines filed

VIII-1e Government grants$472,069

VIII-1f All other contributions, gifts and grants$1,304,100

VIII-1h Total contributions, gifts and grants$1,776,169

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,000$2,000

VIII-3 Investment incomeExcluded from tax $20$20

VIII-12 Total revenueRelated to mission $2,000 · Unrelated business $0 · Excluded from tax $20$1,778,189

Part IX · Statement of functional expenses $762,554 across 16 lines filed

IX-1 Grants to domestic organizationsPrograms $5,000$5,000

IX-5 Pay of current officers, directors and key staffPrograms $97,350 · Management $32,450 · Fundraising $32,450$162,250

IX-7 Other salaries and wagesPrograms $222,352 · Management $40,974 · Fundraising $19,859$283,185

IX-9 Other employee benefitsPrograms $27,101 · Management $5,615 · Fundraising $3,436$36,152

IX-10 Payroll taxesPrograms $22,688 · Management $5,171 · Fundraising $3,647$31,506

IX-11c Accounting feesPrograms $23,473 · Management $5,000$28,473

IX-11g Other fees for servicesPrograms $85,471 · Management $108$85,579

IX-12 Advertising and promotionPrograms $60,500$60,500

IX-13 Office expensesManagement $3,967$3,967

IX-14 Information technologyManagement $8,286$8,286

IX-16 OccupancyPrograms $18,495 · Management $4,215 · Fundraising $2,973$25,683

IX-17 TravelPrograms $8,186$8,186

IX-19 Conferences, conventions and meetingsPrograms $10,950$10,950

IX-20 InterestManagement $754$754

IX-23 InsuranceManagement $206$206

IX-24 Other expenses (24a–d)Programs $10,687 · Management $1,190$11,877

IX-25 Total functional expensesPrograms $592,253 · Management $107,936 · Fundraising $62,365$762,554

Part X · Balance sheet $1,413,141 assets, 14 lines filed

X-1 Cash, non-interest-bearingStart of year $48,369$832,016

X-2 Savings and temporary cash investmentsStart of year $0$10,040

X-3 Pledges and grants receivableStart of year $0$118,085

X-4 Accounts receivableStart of year $0$203,000

X-13 Program-related investmentsStart of year $150,000$150,000

X-15 Other assetsStart of year $100,000$100,000

X-16 Total assetsStart of year $298,369$1,413,141

X-17 Accounts payable and accrued expensesStart of year $24,312$23,253

X-18 Grants payableStart of year $0$125,000

X-25 Other liabilitiesStart of year $704$2,600

X-26 Total liabilitiesStart of year $61,698$160,835

X-27 Net assets without donor restrictionsStart of year $236,671$1,252,306

X-32 Total net assets or fund balancesStart of year $236,671$1,252,306

X-33 Total liabilities and net assetsStart of year $298,369$1,413,141

Part XI · Reconciliation of net assets $1,252,306 net assets at year end

XI-1 Total revenue$1,778,189

XI-2 Total expenses$762,554

XI-3 Revenue less expenses$1,015,635

XI-4 Net assets at start of year$236,671

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$1,252,306

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

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Hillman Accelerator FY2020 filing

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