Accelerate - the National Collaborative for Accelerated Lear EIN 88-3207484 Form 990 (PDF) Claim this org

Accelerate - the National Collaborative for Accelerated Lear FY2024 filing

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Scales evidence-based educational practices and funds research on effective tutoring to help public school systems improve student learning and close achievement gaps. For fiscal year 2024 it reported $21.8M in revenue, $24.2M in expenses, and $11.8M in net assets.Pt I

Founded
2022
Type
Public charity (501(c)(3)) · Education
Location
Nashville, TN
Website
accelerate.us
Filings
3 on file (2023–2024)
Revenue
$21.8MFY2024
Expenses
$24.2M
Net assets
$11.8M
People
9
Filings
3
Updates
0
More identity details & actions ⌄
EIN  88-3207484 Public charity (501(c)(3)) Nashville, TN Founded 2022
Form 990 (PDF)
You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →
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Figures match the IRS filing checked 7/19/26 · see original: IRS
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Size
$10–100M
What they do
Scales evidence-based educational practices and funds research on effective tutoring to help public school systems improve student learning and close achievement gaps.
Leadership
Kevin Huffman · Chief Executive Officer · $440K
Money in and out
$21.8M revenue, $24.2M expenses
Bottom line
97% program efficiency
Where the money goes · FY2024
Total revenue
$21.8M
Pt VIII · Ln 12
Total expenses
$24.2M
Pt IX · Ln 25
Net assets
$11.8M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$2.4M
Where spending went · Part IX cols B–D
Program services $0.97 Management & general $0.02 Fundraising $0.01
Program efficiency
97%
of spending reaches programs
Operating runway
5.4mo
months of highly liquid reserves at operating expense rate
Surplus margin
-11%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$21.8M
FY2024▲ +9%
Expenses
$24.2M
FY2024▲ +321%
Total assets
$11.9M
FY2024▼ -27%
Total liabilities
$165K
FY2024▼ -92%
Total revenue
$21.8M
Pt VIII · Ln 12
Total expenses
$24.2M
Pt IX · Ln 25
Net assets
$11.8M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$2.4M
Total assetsPt X · Ln 16$11.9M
Program-expense ratioPt IX · col B97%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 44

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CAccelerate - the National Collaborative for Accelerated Lear
EINHdr · item D88-3207484
Principal addressHdr · item CNashville, TN
WebsiteHdr · item Jaccelerate.us
Year of formationHdr · item L2022
State of legal domicileHdr · item MTN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B05)
Ruling yearIRS BMFAug 2022

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b4
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Chief Executive Officer
$440,000Pt VII · Sec A
Chief Strategy Officer (until 9/23)
$179,720Pt VII · Sec A
Chief Operating Officer
$179,167Pt VII · Sec A
Board Chairperson
$30,000Pt VII · Sec A
Board Member (as of 10/23)
$0Pt VII · Sec A
Board Member (as of 10/23)
$0Pt VII · Sec A
Board Member (as of 10/23)
$0Pt VII · Sec A
Board Secretary
$0Pt VII · Sec A

Kevin Huffman’s $447K as Chief Executive Officer is at the 84th percentile of top reported officer pay among 3682 $10–100M education 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

NameFY2025FY2024
Kevin Huffman$446,600$440,000
T Nakia Towns$284,200$179,167
Matthew Steinberg$182,700
Naeha Dean$179,720
Narric Rome$177,625
Jennifer Bronson$172,550
Kimberly Ueyama$154,280
Tu-Quyen Nguyen$146,060

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 Accelerate - the National Collaborative for Accelerated Lear executive salaries →

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Mission & Programs · Part III

Where the work happens

3 program services account for $22.2M of program spending, described in the organization's own filed words · FY2023.
01

Accelerate supports the design and implementation of rigorous research and evaluation of educational interventions to better understand what works, for whom, and in what school settings. Accelerate funds and partners with leading research institutions to leverage the existing evidence base in programs around the country while further…

$13.0Mprogram expense
02

Accelerate's call to effective action (cea) grant program supports evidence-based models of tutoring and individualized instruction that demonstrate the potential to deliver services on a sizable scale to improve outcomes for students, particularly students in historically underserved communities.

$5.8Mprogram expense
03

Accelerate's states leading recovery (SLR) grant program provides states with funding and support to strategically leverage high-impact tutoring to address statewide academic gaps. The program helps states better align incentives, regulatory frameworks, and provide guidance to encourage districts' adoption of the most effective tutoring…

$3.4Mprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$21.5M · 99%
Investment income$214K · 1%
Contributions & grants99%$21.5M
Investment income1%$214K
Other revenue$1K
Total revenueLn 12$21.8M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.97 Management & general $0.02 Fundraising $0.01
Program services97%$23.4M
Management & general2%$562K
Fundraising1%$187K
Total functional expensesLn 25$24.2M

Balance Sheet

Part X · end of year
CashLn 1$10.9M
Total assetsLn 16$11.9M
Total liabilitiesLn 26$165K
Total net assetsLn 32$11.8M
Months of cash on handcomputed5.4

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $10.9M · Operating expenses/yr $24.2M
5.4 months
Where the money goes
Program services
Program services $23.4M · Total expenses $24.2M
97%
Management & General
Management & general $562K · Total expenses $24.2M
2%
Fundraising
Fundraising $187K · Total expenses $24.2M
0.8%
Cost to raise $1
Fundraising expense (2-yr avg) $148K · Solicited contributions (2-yr avg) $20.7M
$0.01 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $21.5M · Total revenue $21.8M
99%
Government reliance
Government grants — · Total revenue $21.8M
Earned-income share
Program service revenue $0 · Total revenue $21.8M
0%
Investment reliance
Investment income $214K · Total revenue $21.8M
+1.0%
Program self-sufficiency
Program service revenue $0 · Total expenses $24.2M
0%
Growth & trend
Revenue growth (YoY)
This year $21.8M · Prior year $19.9M
+9%
Net-asset trend (YoY)
End of year $11.8M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $21.8M · Expenses $24.2M
-11%
Liabilities-to-Assets
Total liabilities — · Total assets $11.9M
Net-asset ratio
Net assets $11.8M · Total assets $11.9M
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $11.9M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Kevin Huffman · Reported title CHIEF EXECUTIVE OFFICER · Highest reported compensation $440K · Total expenses $24.2M
2%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $2.1M · Total expenses $24.2M
9%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 97%
Overhead ratio 2%
Fundraising cost ratio 0.9%
Revenue growth 9%
Legal fee ratio 0.05%
Accounting fee ratio 0.1%

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.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$3.5M
Grants paid · 175 grants · $35.1M · 2022–2024
University of ChicagoIL · FY2024$3,387,500
Texas Education AgencyFY2024$711,394
Arkansas Department of Education Division of Elementary and Secondary EducFY2024$550,000
Citybridge EducationDC · FY2024$325,000
Dc Treasurer Office of the State Superintendent of Education (osse)FY2024$300,000
Maryland State Department of EducationFY2024$250,000
North Carolina Education CorpsNC · FY2024$225,000
Literacy Mid South INCTN · FY2024$225,000
Coursemojo INCFY2024$225,000
Cignition INCFY2024$225,000
Carnegie Mellon UniversityPA · FY2024$225,000
Air Education INCFY2024$225,000
The Innovation ProjectNC · FY2024$200,000
The Mind Trust INCIN · FY2024$150,000
Amplify Education INCFY2024$150,000
See all 175 grants →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$15.0M revenue · ⤓ 990 PDF
FY2024$21.8M revenue · viewing · ⤓ 990 PDF
FY2023$19.9M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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