Accelerator for America FY2020 filing

Tax-deductible

Los Angeles, CA501(c)(3)Public & Societal BenefitEIN 82-1702618Revenue $5.1M in FY2020

On file with the IRSacceleratorforamerica.org3108 Glendale Blvd 477, 90039-1806 · Los Angeles, CATax-exempt since Jun 2018Publicly supported charity — 170(b)(1)(A)(vi)

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Accelerator for America is a nonprofit, nonpartisan DO tank that delivers solutions, connections, and resources to mayors and other local leaders working to create greater economic mobility in underserved communities.

501(c)(3) charity; gifts are tax-deductible.
80¢ of each $1 spent went to programs.
$519K 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

FY2020 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $466K a year · 18% 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
80%
of spending
Looks good: 80% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$519K
to officers and key staff · 24% of spending
Worth a look: pay to officers and key staff is 24% of spending; over 20%.
Pt VII · Sec A
Cash reserves
9 mo
of spending, in cash
Looks good: 8.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
8
named funders · $1.6M
Looks good: 8 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$376K
10% of total assets
Looks good: liabilities are 10% of assets; 50% or less.
Pt X · Ln 26
Independent board members
2
of 2 voting members
Looks good: 2 of 2 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$5.1M
Spent
$2.2M
To programs
80%
Net assets
$3.3M
By yearFY2020–FY2024
Revenue
$5.1M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$5.1M
FY2021$992K
FY2022$2.1M
FY2023$1.0M
FY2024$3.6M
Expenses
$2.2M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$2.2M
FY2021$2.0M
FY2022$1.8M
FY2023$2.0M
FY2024$2.5M
Net assets
$3.3M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$3.3M
FY2021$2.3M
FY2022$2.6M
FY2023$1.6M
FY2024$2.7M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 2018.

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

Where the money goes

80 cents of each dollar spent went to programs.

Program services 80% · $1.8M Management & general 16% · $352K Fundraising 4% · $78K

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

5 people listed on the 990; $519K paid to officers and key staff.

Part VII, Section A · reportable compensation
$230,182Pt VII · Sec A
$158,332Pt VII · Sec A
Chief of Staff
$130,191Pt VII · Sec A
Treasurer and Secretary
$0Pt VII · Sec A
Board Chairman
$0Pt VII · Sec A

Mary Ellen Wiederwohl’s $304K as President and CEO is at the 90th percentile of top reported officer pay among 731 $1–10M public & societal benefit 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

NameFY2024FY2023FY2022FY2021FY2020
Mary Ellen Wiederwohl$304,283$282,163$266,200——
Richard Jacobs————$230,182
Anne Nevins$198,470$190,966———
Aaron Thomas———$185,472$158,332
Matthew Horton—$160,100———
Andrew Herrmann$158,930$132,305———
Edward Van Dongen$153,326$127,538———
Philip Chambers————$130,191

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 15aNo

Programs and updates

Connects local leaders with resources to boost economic mobility in underserved communities.

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Provided by the organization

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1 program · $1.8M · in their own filed words · FY2020
01

Accelerator for America finds and develops solutions to economic insecurity and shares them with cities across the country, fostering inclusive, long-term wealth building for communities traditionally precluded.

$1.8Mprogram 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
See all 8 funders →
Grants paid · 17 grants · $1.1M · 2020–2022
Individual RecipientFY2022$10,000
Inland Regions LLCFY2021$200,000
Individual RecipientFY2021$125,000
Fuse CorpsCA · FY2020$140,000
Inland Regions LLCFY2020$100,000
Louisville-Jefferson Cnty Metro GvtFY2020$51,366
La Paz De Dios INCTN · FY2020$51,366
Family Independence InitiativeCA · FY2020$51,366
Trust NeighborhoodsMO · FY2020$20,000

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$5.1M
Ln 12
Gifts and grantsLn 1h$5.1M
Investment incomeLn 3$5K
Money outPt IX
$2.2M
Ln 25
Programscol B$1.8M
Managementcol C$352K
Fundraisingcol D$78K
Owns and owesPt X
$3.3M
net assets · Ln 32
Cash and savingsLn 1–2$1.6M
Total assetsLn 16$3.6M
LiabilitiesLn 26$376K
PeoplePt VI, VII
5
listed · VII A
PaidVII A3
Voting boardVI 1a2
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$5.1M
Investment incomeLn 3$5K
Total revenueLn 12$5.1M
Assets in detailPt X, end of year
CashLn 1$1.6M
Cash and savings togetherLn 1–2$1.6M
Land, buildings, equipmentLn 10c$4K
Total assetsLn 16$3.6M
LiabilitiesLn 26$376K
Net assetsLn 32$3.3M
OperationsPt I, VI
EmployeesI 510
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$758K$1.6M
Land, buildings, equipmentLn 10c$4K
Total assetsLn 16$857K$3.6M
LiabilitiesLn 26$486K$376K
Net assetsLn 32$371K$3.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$775K$775K
Pay of current officers, directors and key staffLn 5$248K$173K$50K$25K
Other salaries and wagesLn 7$540K$379K$131K$30K
Other employee benefitsLn 9$37K$26K$8K$3K
Payroll taxesLn 10$61K$43K$14K$4K
Management feesLn 11a$248K$248K
Legal feesLn 11b$26K$26K
Accounting feesLn 11c$97K$97K
Other fees for servicesLn 11g$9K$6K$2K$633
Office expensesLn 13$13K$9K$3K$907
Information technologyLn 14$4K$3K$943$284
OccupancyLn 16$14K$9K$3K$933
TravelLn 17$39K$39K
Depreciation, depletion and amortizationLn 22$847$595$194$58
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$69K$42K$14K$14K
Total functional expensesLn 25$2.2M$1.8M$352K$78K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $3.6M$2.5M$1.1M$2.7M 990 PDF
FY2023 $1.0M$2.0M−$984K$1.6M 990 PDF
FY2022 $2.1M$1.8M$340K$2.6M 990 PDF
FY2021 $992K$2.0M−$1.0M$2.3M 990 PDF
FY2020 Viewing $5.1M$2.2M$2.9M$3.3M 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 FY2020 990 (6 parts)
Part I · Summary $5,073,136 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,938,231$5,067,964
I-9 Program service revenue$0
I-10 Investment incomePrior year $1,054$5,172
I-11 Other revenue$0
I-12 Total revenuePrior year $1,939,285$5,073,136
I-13 Grants and similar amounts paidPrior year $617,500$775,029
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $702,070$885,096
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $630,613$523,363
I-18 Total expensesPrior year $1,950,183$2,183,488
I-19 Revenue less expensesPrior year −$10,898$2,889,648
Part VI · Governance 2 of 2 board members independent, 1 to look at
VI-1a Voting members of the governing body2
VI-1b Independent voting members2
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $5,073,136 across 4 lines filed
VIII-1f All other contributions, gifts and grants$5,067,964
VIII-1h Total contributions, gifts and grants$5,067,964
VIII-3 Investment incomeRelated to mission $5,172$5,172
VIII-12 Total revenueRelated to mission $5,172 · Unrelated business $0 · Excluded from tax $0$5,073,136
Part IX · Statement of functional expenses $2,183,488 across 16 lines filed
IX-1 Grants to domestic organizationsPrograms $775,029$775,029
IX-5 Pay of current officers, directors and key staffPrograms $173,331 · Management $49,523 · Fundraising $24,762$247,616
IX-7 Other salaries and wagesPrograms $379,422 · Management $130,791 · Fundraising $29,568$539,781
IX-9 Other employee benefitsPrograms $26,046 · Management $8,496 · Fundraising $2,560$37,102
IX-10 Payroll taxesPrograms $42,539 · Management $13,877 · Fundraising $4,181$60,597
IX-11a Management feesPrograms $248,050$248,050
IX-11b Legal feesManagement $26,177$26,177
IX-11c Accounting feesManagement $97,276$97,276
IX-11g Other fees for servicesPrograms $6,441 · Management $2,101 · Fundraising $633$9,175
IX-13 Office expensesPrograms $9,232 · Management $3,012 · Fundraising $907$13,151
IX-14 Information technologyPrograms $2,889 · Management $943 · Fundraising $284$4,116
IX-16 OccupancyPrograms $9,490 · Management $3,096 · Fundraising $933$13,519
IX-17 TravelPrograms $38,828$38,828
IX-22 Depreciation, depletion and amortizationPrograms $595 · Management $194 · Fundraising $58$847
IX-23 InsuranceManagement $3,140$3,140
IX-24 Other expenses (24a–d)Programs $41,737 · Management $13,615 · Fundraising $13,732$69,084
IX-25 Total functional expensesPrograms $1,753,629 · Management $352,241 · Fundraising $77,618$2,183,488
Part X · Balance sheet $3,636,074 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $758,206$1,612,159
X-3 Pledges and grants receivableStart of year $95,436$2,000,000
X-4 Accounts receivable$15,110
X-9 Prepaid expenses and deferred chargesStart of year $3,564$4,771
X-10c Land, buildings and equipment, net$4,034
X-16 Total assetsStart of year $857,206$3,636,074
X-17 Accounts payable and accrued expensesStart of year $224,524$151,581
X-19 Deferred revenueStart of year $261,774$100,000
X-24 Unsecured notes and loans payable$123,937
X-26 Total liabilitiesStart of year $486,298$375,518
X-27 Net assets without donor restrictionsStart of year $320,060$476,267
X-28 Net assets with donor restrictionsStart of year $50,848$2,784,289
X-32 Total net assets or fund balancesStart of year $370,908$3,260,556
X-33 Total liabilities and net assetsStart of year $857,206$3,636,074
Part XI · Reconciliation of net assets $3,260,556 net assets at year end
XI-1 Total revenue$5,073,136
XI-2 Total expenses$2,183,488
XI-3 Revenue less expenses$2,889,648
XI-4 Net assets at start of year$370,908
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$3,260,556

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

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