Access Mode INC EIN 88-3454913

Access Mode INC

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Provides mentorship, grants, and expert connections to BIPOC leaders in tech start-ups. For fiscal year 2024 it reported $893K in revenue, $704K in expenses, and $377K in net assets.Pt I

Type
Public charity (501(c)(3)) · Education
Location
Denver, CO
Website
www.accessmode.org
Filings
3 on file (2022–2024)
Revenue
$893KFY2024
Expenses
$704K
Net assets
$377K
People
5
Filings
3
Updates
0
More identity details & actions ⌄
EIN  88-3454913 Public charity (501(c)(3)) Denver, CO
Form 990 (PDF)
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Size
$100K–1M
What they do
Provides mentorship, grants, and expert connections to BIPOC leaders in tech start-ups.
Leadership
Zaneta Kelsey · Executive Director · $110K
Money in and out
$893K revenue, $704K expenses
Bottom line
42% program efficiency
Where the money goes · FY2024
Total revenue
$893K
Pt VIII · Ln 12
Total expenses
$704K
Pt IX · Ln 25
Net assets
$377K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $189K
Where spending went · Part IX cols B–D
Program services $0.42 Management & general $0.58 Fundraising $0.00
Program efficiency
42%
of spending reaches programs▼ -46% vs prior filing year
Operating runway
6.6mo
months of highly liquid reserves at operating expense rate▲ +69% vs prior filing year
Surplus margin
+21%
revenue over expenses, this year▲ +138% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$893K
FY2024▲ +38%
Expenses
$704K
FY2024▲ +20%
Total assets
$389K
FY2024▲ +102%
Total liabilities
$12K
FY2024▲ +135%
Total revenue
$893K
Pt VIII · Ln 12
Total expenses
$704K
Pt IX · Ln 25
Net assets
$377K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$189K
Total assetsPt X · Ln 16$389K
Program-expense ratioPt IX · col B42%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 41
Mission & Programs · Part III

Where the work happens

1 program service account for $295K of program spending, described in the organization's own filed words · FY2024.
01

Provide $20,000 in equity-free funding to accepted start-ups including mentoring customized for each company.

$295Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CAccess Mode INC
EINHdr · item D88-3454913
Principal addressHdr · item CDenver, CO
WebsiteHdr · item Jwww.accessmode.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCO
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B99)
Ruling yearIRS BMFMar 2023

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1b1
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14No
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
Executive Director
$110,000Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Zaneta Kelsey’s $110K as Executive Director is at the 87th percentile of top reported officer pay among 1616 $100K–1M 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 · 2 named individuals · Part VII

NameFY2024FY2023
Zaneta Kelsey$110,000
Zaneta Kelsey$59,600

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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Statement of Revenue

Part VIII
Contributions & grants100%$892K
Investment income$8
Other revenue$2K
— government grantsLn 1e$198K
Total revenueLn 12$893K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.42 Management & general $0.58 Fundraising $0.00
Program services42%$295K
Management & general58%$408K
Fundraising$785
Total functional expensesLn 25$704K

Balance Sheet

Part X · end of year
CashLn 1$389K
Total assetsLn 16$389K
Total liabilitiesLn 26$12K
Total net assetsLn 32$377K
Months of cash on handcomputed6.6

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $389K · Operating expenses/yr $704K
6.6 months
Where the money goes
Program services
Program services $295K · Total expenses $704K
42%
Management & General
Management & general $408K · Total expenses $704K
58%
Fundraising
Fundraising $785 · Total expenses $704K
0.1%
Cost to raise $1
Fundraising expense (3-yr avg) $262 · Solicited contributions (3-yr avg) $336K
$0.00 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $892K · Total revenue $893K
100%
Government reliance
Government grants $198K · Total revenue $893K
22%
Earned-income share
Program service revenue $0 · Total revenue $893K
0%
Investment reliance
Investment income $8 · Total revenue $893K
<0.01%
Program self-sufficiency
Program service revenue $0 · Total expenses $704K
0%
Growth & trend
Revenue growth (YoY)
This year $893K · Prior year $646K
+38%
Net-asset trend (YoY)
End of year $377K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $893K · Expenses $704K
+21%
Liabilities-to-Assets
Total liabilities — · Total assets $389K
Net-asset ratio
Net assets $377K · Total assets $389K
97%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $389K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Zaneta Kelsey · Reported title Executive Director · Highest reported compensation $110K · Total expenses $704K
16%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $341K · Total expenses $704K
48%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 42%
Overhead ratio 58%
Fundraising cost ratio 0.09%
Revenue growth 38%
Legal fee ratio 0.9%
Accounting fee ratio 3%

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 5 funders$555K
See all 5 funders →
Grants paid · 7 grants · $146K · 2024–2024
Jtl TechnologiesFY2024$30,000
Regis ArzuFY2024$20,000
ShuplugFY2024$20,000
Roam Stay INCFY2024$20,000
MovespotFY2024$20,000
Goyt INCFY2024$20,000
ZigaFY2024$16,000

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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
FY2024 (Latest)$893K revenue · viewing · ⤓ 990 PDF
FY2023$646K revenue · ⤓ 990 PDF
FY2022$0 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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