Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 2018.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
32 cents of each dollar spent went to programs.
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
7 people listed on the 990; $368K paid to officers and key staff.
Melissa Bradley’s $368K as Managing Partner is at the 92nd 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 · 2 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Melissa Bradley | $368,018 | $381,875 | $318,182 | $220,833 | $150,000 |
| Art Stevens | — | — | — | — | $150,000 |
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 2Yes
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Bridges the gap between entrepreneurship and equity by supporting minority-owned businesses through promotional campaigns and development programs to help them succeed past five years.
Questions for Accelerate 500 INC
Your first name shows with your question. Accelerate 500 INC answers here, for everyone.
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1. Beyond 5- the beyond 5 campaign is designed to promote and support new majority businesses to increase the likelihood of business success beyond the typical failure rate of 5 years. The campaign is comprised of three strategies:I.
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 | $4.2M | $625K |
| InvestmentsLn 11–13 | $1.8M | $1.0M |
| Land, buildings, equipmentLn 10c | $9K | $4K |
| Total assetsLn 16 | $6.4M | $5.2M |
| LiabilitiesLn 26 | $1.2M | $877K |
| Net assetsLn 32 | $5.3M | $4.4M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $70K | $70K | ||
| Benefits paid to or for membersLn 4 | $106K | $106K | ||
| Other salaries and wagesLn 7 | $1.1M | $572K | $296K | $247K |
| Payroll taxesLn 10 | $70K | $70K | ||
| Management feesLn 11a | $537 | $537 | ||
| Legal feesLn 11b | $256K | $256K | ||
| Accounting feesLn 11c | $300K | $300K | ||
| Office expensesLn 13 | $25K | $4K | $21K | |
| OccupancyLn 16 | $156K | $156K | ||
| TravelLn 17 | $267K | $22K | $215K | $30K |
| Conferences, conventions and meetingsLn 19 | $58K | $12K | $30K | $15K |
| Depreciation, depletion and amortizationLn 22 | $3K | $3K | ||
| InsuranceLn 23 | $19K | $19K | ||
| Other expenses (24a–d)Ln 24 | $1.7M | $460K | $1.2M | $3K |
| All other expensesLn 24e | $93K | $26K | $61K | $6K |
| Total functional expensesLn 25 | $4.2M | $1.3M | $2.5M | $301K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest Viewing | $2.4M | $4.2M | −$1.8M | $4.4M | 990 PDF |
| FY2023 | $3.1M | $4.6M | −$1.5M | $5.3M | 990 PDF |
| FY2022 | $6.6M | $4.5M | $2.0M | $6.6M | 990 PDF |
| FY2021 | $5.6M | $2.8M | $2.8M | $4.6M | 990 PDF |
| FY2020 | $2.8M | $1.4M | $1.4M | $1.8M | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $2,436,835 revenue, 12 lines filed
Part VI · Governance 6 of 7 board members independent, 1 to look at
Part VIII · Statement of revenue $2,436,835 across 4 lines filed
Part IX · Statement of functional expenses $4,189,334 across 15 lines filed
Part X · Balance sheet $5,228,978 assets, 15 lines filed
Part XI · Reconciliation of net assets $4,351,950 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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