Form 990 for the fiscal year ending December 2020 (IRS tax year 2020).
Status and standing
Where the money goes
Statement of Functional Expenses
Financial health
Summary of the Filing
Balance Sheet
Statement of Revenue
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Program ratio | 99% | — | — |
| Overhead ratio | 0.7% | — | — |
| Fundraising cost ratio | 0% | — | — |
| Legal fee ratio | 0.6% | — | — |
Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.
Leadership and pay
Officers, Directors & Key Employees
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.
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Governance & Policies
Mission and programs
Accelerates promising startups by providing customized resources, capital, mentorship, and investor connections to help them scale and create jobs.
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Where the work happens
Received 94 applications in year 1 for 5 spots; received 130 applications in year 2 for 6 spots, received 105 applications in year 3 for 5 spots. Acquired an additional major corporate sponsor to colalition to add 6TH spot to cohort #2. Engaged over 170 mentors in years 1, 2 and 3.
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Funders
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
Filing history
| Year | Revenue | Expenses | Change | Filing |
|---|---|---|---|---|
| FY2024 Latest | $1.2M | $1.7M | -21% | 990 PDF |
| FY2023 | $1.6M | $1.4M | +0.1% | 990 PDF |
| FY2022 | $1.6M | $1.3M | +63% | 990 PDF |
| FY2021 | $962K | $847K | +109% | 990 PDF |
| FY2020 Viewing | $461K | $379K | 990 PDF |
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Schedules filed Part IV
Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.
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