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Accelerator for America FY2021 filing

Tax-deductible

Los Angeles, CA501(c)(3)Public & Societal Benefit EIN 82-1702618Revenue $992K in FY2021

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.
78¢ of each $1 spent went to programs.
$185K 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

FY2021 · 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
78%
of spending
Looks good: 78% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$185K
to officers and key staff · 9% of spending
Looks good: pay to officers and key staff is 9% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
9 mo
of spending, in cash
Looks good: 8.8 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
$236K
9% of total assets
Looks good: liabilities are 9% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$992K
-80% vs prior year
Spent
$2.0M
To programs
78%
Net assets
$2.3M
By yearFY2020–FY2024
Revenue
$992K
FY2021▼ -80%
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
$2.0M
FY2021▼ -8%
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
$2.3M
FY2021▼ -31%
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 FY2021 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 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

78 cents of each dollar spent went to programs.

Program services 78% · $1.6M Management & general 17% · $339K Fundraising 5% · $93K

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; $185K paid to officers and key staff.

Part VII, Section A · reportable compensation
$185,472Pt VII · Sec A
Daniel Carol
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Glen Dake
Treasurer and Secretary
$0Pt VII · Sec A
Jonathan Weiss
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.

See Accelerator for America 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

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 · $1.6M · in their own filed words · FY2021
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 and economic mobility for disadvantaged communities. In 2021, we continued our pandemic response support that began in 2020.

$1.6Mprogram 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
The Kresge FoundationFY2024$550K
New Venture FundFY2024$250K
Ewing Marion Kauffman FoundationFY2024$250K
Neo Philanthropy INCFY2024$250K
Results for AmericaFY2024$150K
Draper Richards Kaplan FoundationFY2024$100K
Labor-Management Union Carpentry Cooperation Promotion FundFY2024$25K
Natl Christian Charitable Fdn INCFY2024$10K
Total grants receivedfrom 8 funders$1.6M
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
United Way of Greater Atlanta INCGA · FY2020$51,366
Miami Valley Community Action PartnershipOH · FY2020$51,366
Louisville-Jefferson Cnty Metro GvtFY2020$51,366
La Paz De Dios INCTN · FY2020$51,366
Family Independence InitiativeCA · FY2020$51,366
Dorcas International Institute of Rhode Island INCRI · FY2020$51,366
The Community Foundation of UtahUT · FY2020$51,366
Communities Foundation of Oklahoma INCOK · FY2020$51,366
Greater Hartford Gives FoundationCT · FY2020$50,000
Metropolitan Planning CouncilIL · FY2020$23,625
Trust NeighborhoodsMO · FY2020$20,000
The Mayor's Fund for Los AngelesCA · FY2020$1,366

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$992K
Ln 12
Gifts and grantsLn 1h$991K
Investment incomeLn 3$2K
Money outPt IX
$2.0M
Ln 25
Programscol B$1.6M
Managementcol C$339K
Fundraisingcol D$93K
Owns and owesPt X
$2.3M
net assets · Ln 32
Cash and savingsLn 1–2$1.5M
Total assetsLn 16$2.5M
LiabilitiesLn 26$236K
PeoplePt VI, VII
5
listed · VII A
PaidVII A1
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$991K
Government grantsLn 1e$248K
Investment incomeLn 3$2K
Total revenueLn 12$992K
Assets in detailPt X, end of year
CashLn 1$1.5M
Cash and savings togetherLn 1–2$1.5M
Land, buildings, equipmentLn 10c$5K
Total assetsLn 16$2.5M
LiabilitiesLn 26$236K
Net assetsLn 32$2.3M
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 FY21End FY21
Cash and savingsLn 1–2$1.6M$1.5M
Land, buildings, equipmentLn 10c$4K$5K
Total assetsLn 16$3.6M$2.5M
LiabilitiesLn 26$376K$236K
Net assetsLn 32$3.3M$2.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$324K$324K
Pay of current officers, directors and key staffLn 5$185K$130K$37K$19K
Other salaries and wagesLn 7$483K$324K$114K$46K
Other employee benefitsLn 9$49K$33K$11K$5K
Payroll taxesLn 10$56K$38K$13K$5K
Management feesLn 11a$486K$486K
Legal feesLn 11b$8K$8K
Accounting feesLn 11c$106K$106K
Other fees for servicesLn 11g$73K$49K$16K$7K
Office expensesLn 13$12K$8K$3K$1K
Information technologyLn 14$963$654$217$92
TravelLn 17$96K$96K
Depreciation, depletion and amortizationLn 22$2K$1K$477$203
InsuranceLn 23$6K$6K
Other expenses (24a–d)Ln 24$111K$75K$25K$11K
Total functional expensesLn 25$2.0M$1.6M$339K$93K

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 Viewing $992K$2.0M−$1.0M$2.3M 990 PDF
FY2020 $5.1M$2.2M$2.9M$3.3M 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 FY2021 990 (6 parts)
Part I · Summary $992,409 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $5,067,964$990,765
I-9 Program service revenue$0
I-10 Investment incomePrior year $5,172$1,644
I-11 Other revenue$0
I-12 Total revenuePrior year $5,073,136$992,409
I-13 Grants and similar amounts paidPrior year $775,029$323,634
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $885,096$773,383
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $523,363$901,020
I-18 Total expensesPrior year $2,183,488$1,998,037
I-19 Revenue less expensesPrior year $2,889,648−$1,005,628
Part VI · Governance 4 of 4 board members independent, 1 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
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 $992,409 across 5 lines filed
VIII-1e Government grants$248,347
VIII-1f All other contributions, gifts and grants$742,418
VIII-1h Total contributions, gifts and grants$990,765
VIII-3 Investment incomeRelated to mission $1,644$1,644
VIII-12 Total revenueRelated to mission $1,644 · Unrelated business $0 · Excluded from tax $0$992,409
Part IX · Statement of functional expenses $1,998,037 across 15 lines filed
IX-1 Grants to domestic organizationsPrograms $323,634$323,634
IX-5 Pay of current officers, directors and key staffPrograms $129,831 · Management $37,094 · Fundraising $18,547$185,472
IX-7 Other salaries and wagesPrograms $323,694 · Management $113,521 · Fundraising $45,610$482,825
IX-9 Other employee benefitsPrograms $33,404 · Management $11,093 · Fundraising $4,725$49,222
IX-10 Payroll taxesPrograms $37,911 · Management $12,590 · Fundraising $5,363$55,864
IX-11a Management feesPrograms $485,950$485,950
IX-11b Legal feesManagement $8,012$8,012
IX-11c Accounting feesManagement $105,531$105,531
IX-11g Other fees for servicesPrograms $49,409 · Management $16,408 · Fundraising $6,989$72,806
IX-13 Office expensesPrograms $8,295 · Management $2,754 · Fundraising $1,173$12,222
IX-14 Information technologyPrograms $654 · Management $217 · Fundraising $92$963
IX-17 TravelPrograms $96,273$96,273
IX-22 Depreciation, depletion and amortizationPrograms $1,436 · Management $477 · Fundraising $203$2,116
IX-23 InsuranceManagement $5,856$5,856
IX-24 Other expenses (24a–d)Programs $75,441 · Management $25,054 · Fundraising $10,796$111,291
IX-25 Total functional expensesPrograms $1,565,932 · Management $338,607 · Fundraising $93,498$1,998,037
Part X · Balance sheet $2,490,765 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $1,612,159$1,471,302
X-3 Pledges and grants receivableStart of year $2,000,000$1,011,938
X-9 Prepaid expenses and deferred chargesStart of year $4,771$2,860
X-10c Land, buildings and equipment, netStart of year $4,034$4,665
X-16 Total assetsStart of year $3,636,074$2,490,765
X-17 Accounts payable and accrued expensesStart of year $151,581$235,837
X-26 Total liabilitiesStart of year $375,518$235,837
X-27 Net assets without donor restrictionsStart of year $476,267$438,482
X-28 Net assets with donor restrictionsStart of year $2,784,289$1,816,446
X-32 Total net assets or fund balancesStart of year $3,260,556$2,254,928
X-33 Total liabilities and net assetsStart of year $3,636,074$2,490,765
Part XI · Reconciliation of net assets $2,254,928 net assets at year end
XI-1 Total revenue$992,409
XI-2 Total expenses$1,998,037
XI-3 Revenue less expenses−$1,005,628
XI-4 Net assets at start of year$3,260,556
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,254,928

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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