Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 2018.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
53 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Something off? Claim to add context
Who runs it and what they're paid
17 people listed on the 990; $241K paid to officers and key staff.
Charles Corprew’s $140K as Secretary is at the 41st 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 · 5 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Mary Evans McMillion | — | $58,333 | $225,000 | — | — |
| Evans McMillion | — | — | — | $144,792 | $108,000 |
| Charles Corprew | $140,400 | — | — | — | — |
| Paul Nolde | $100,663 | — | — | — | — |
| Monique Adams | — | $29,997 | — | — | — |
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 757 Accelerate INC executive salaries →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
Accelerates promising startups by providing customized resources, capital, mentorship, and investor connections to help them scale and create jobs.
Questions for 757 Accelerate INC
Your first name shows with your question. 757 Accelerate INC answers here, for everyone.
In 2024, 757 collab delivered high-impact programming across its continuum - startup studios, accelerate, and angels - positioning hampton roads as a nationally recognized innovation hub. The organization directly engaged over 2,500 entrepreneurs, created 350 new jobs, and facilitated 90 internships.
757 accelerate, the flagship investor-readiness program, has now supported 54 startups across eight cohorts, helping raise more than $100 million to date, including $20+ million in 2024. The program created over 350 jobs and delivered over 1,500 hours of mentorship in the past year.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $976K | $300K |
| Total assetsLn 16 | $976K | $508K |
| LiabilitiesLn 26 | $47K | $2K |
| Net assetsLn 32 | $930K | $505K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $160K | $160K | ||
| Pay of current officers, directors and key staffLn 5 | $241K | $96K | $145K | |
| Other salaries and wagesLn 7 | $400K | $160K | $240K | |
| Other employee benefitsLn 9 | $24K | $10K | $15K | |
| Payroll taxesLn 10 | $44K | $18K | $27K | |
| Legal feesLn 11b | $50 | $50 | ||
| Accounting feesLn 11c | $42K | $42K | ||
| Other fees for servicesLn 11g | $69K | $69K | ||
| Advertising and promotionLn 12 | $17K | $17K | ||
| Office expensesLn 13 | $23K | $23K | ||
| Information technologyLn 14 | $22K | $22K | ||
| OccupancyLn 16 | $143K | $143K | ||
| TravelLn 17 | $34K | $34K | ||
| Conferences, conventions and meetingsLn 19 | $482 | $482 | ||
| InsuranceLn 23 | $3K | $3K | ||
| Other expenses (24a–d)Ln 24 | $440K | $440K | ||
| Total functional expensesLn 25 | $1.7M | $884K | $779K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest ViewingFiled with the IRS Nov 17, 2025 | $1.2M | $1.7M | −$424K | $505K | 990 PDF |
| FY2023Filed with the IRS Mar 17, 2025 | $1.6M | $1.4M | $187K | $930K | 990 PDF |
| FY2022Filed with the IRS Oct 16, 2023 | $1.6M | $1.3M | $229K | $743K | 990 PDF |
| FY2021Filed with the IRS Jun 27, 2022 | $962K | $847K | $114K | $513K | 990 PDF |
| FY2020Filed with the IRS May 14, 2021 | $461K | $379K | $82K | $381K | 990 PDF |
Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $1,238,698 revenue, 12 lines filed
Part VI · Governance 15 of 17 board members independent, 4 to look at
Part VIII · Statement of revenue $1,238,698 across 6 lines filed
Part IX · Statement of functional expenses $1,663,078 across 16 lines filed
Part X · Balance sheet $507,572 assets, 12 lines filed
Part XI · Reconciliation of net assets $505,288 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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