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
44 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Who runs it and what they're paid
12 people listed on the 990; $88K 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.
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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
Accelerates promising startups by providing customized resources, capital, mentorship, and investor connections to help them scale and create jobs.
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757 ACCELERATE757 accelerate received 160 applications for 7 spots in the accelerator program. Of the 7 companies, two had a minority founder and four had a female founder. 757 accelerate engaged over 50 mentors who spent 500 hours with the 9 founders.
In 2023, startup studios welcomed over 55 startups to their incubation program. Over 90% of the startups had under-estimated founders as part of their founding team. We facilitated over 150 unique programmatic offerings and had 5 of our startups accepted into techstars accelerator programs.
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Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2023 990, line by line.
Download 990
| Line | Start FY23 | End FY23 |
|---|---|---|
| Cash and savingsLn 1–2 | $821K | $976K |
| Total assetsLn 16 | $821K | $976K |
| LiabilitiesLn 26 | $78K | $47K |
| Net assetsLn 32 | $743K | $930K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $134K | $134K | ||
| Pay of current officers, directors and key staffLn 5 | $51K | $20K | $30K | |
| Other salaries and wagesLn 7 | $527K | $211K | $316K | |
| Other employee benefitsLn 9 | $15K | $6K | $9K | |
| Payroll taxesLn 10 | $36K | $15K | $22K | |
| Legal feesLn 11b | $25 | $25 | ||
| Accounting feesLn 11c | $43K | $43K | ||
| Other fees for servicesLn 11g | $29K | $29K | ||
| Advertising and promotionLn 12 | $58K | $58K | ||
| Office expensesLn 13 | $34K | $34K | ||
| Information technologyLn 14 | $21K | $21K | ||
| OccupancyLn 16 | $182K | $182K | ||
| TravelLn 17 | $22K | $22K | ||
| Conferences, conventions and meetingsLn 19 | $1K | $1K | ||
| InsuranceLn 23 | $3K | $3K | ||
| Other expenses (24a–d)Ln 24 | $222K | $221K | $1K | |
| Total functional expensesLn 25 | $1.4M | $606K | $773K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest | $1.2M | $1.7M | −$424K | $505K | 990 PDF |
| FY2023 Viewing | $1.6M | $1.4M | $187K | $930K | 990 PDF |
| FY2022 | $1.6M | $1.3M | $229K | $743K | 990 PDF |
| FY2021 | $962K | $847K | $114K | $513K | 990 PDF |
| FY2020 | $461K | $379K | $82K | $381K | 990 PDF |
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Schedules filed Part IV
See the full FY2023 990 (4 parts)
Part VIII · Statement of revenue $1,566,357 across 5 lines filed
Part IX · Statement of functional expenses $1,379,308 across 16 lines filed
Part X · Balance sheet $976,372 assets, 9 lines filed
Part XI · Reconciliation of net assets $929,668 net assets at year end
Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File
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