2025-11-14T03:17:58-00:00 2024-12-31 452645324 DeSalvo and Company Inc 9987 Carver Rd STE 210 Cincinnati OH 45242 990 2024-01-01 461319390 XLERATE HEALTH INC XLER 5025508185 PO BOX 413 Crestwood KY 40014 ROBERT SAUNDERS OFFICER 5025508185 2025-11-14 true Mark S DeSalvo CPA P00104213 5137694515 2025-11-14 2024 2025-03-06 01:10:19Z ROBERT SAUNDERS PO BOX 413 CRESTWOOD KY 40269 117500 false X www.xleratehealth.com X 2013 KY Providing educational resources and training to entrepreneurs involved with early-stage healthcare startups. 3 3 0 0 602500 117500 0 0 0 602500 117500 0 0 110387 44800 0 0 21111 62323 131498 107123 471002 10377 645020 519389 338666 197658 306354 321731 Operation of a business accelerator program providing educational resources and training to entrepreneurs involved with early-stage healthcare companies. false false 23516 Coaching and support for existing 142 portfolio companies, helping them to successfully commercialize and scale their businesses through introductions to key stakeholders and investors. 29069 117000 Build and maintain a healthcare ecosystem to include building relationships with hospital systems and healthcare payers, pharmaceutical and medical device entities, universities, and healthcare venture firms. 43605 Other programs and services ongoing activity to meet its charitable purpose of advancing entrepreneurial education in the healthcare industry and related sectors, including designing and operating a design thinking program for undergraduate and graduate students, designing and offering a design thinking CEU course for clinicians, and creating content modules to support these programs and activities. 96190 true false false false false false false false false false true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false 5 0 true 0 false false false false false false false false false false false false false 3 3 true false false false false false false true true false false true false false false false true false KY X XLERATEHEALTH OFFICES 5025508185 PO BOX 413 CRESTWOOD KY 40014 JACQUELINE WILLMOT CHIEF EXECUTIVE OFFICER 020.00 X X X 20000 0 0 ROBERT SAUNDERS EXECUTIVE CHAIRMAN DIRECTOR 012.00 X 0 0 0 TED SMITH DIRECTOR 000.25 X 0 0 0 WILLIAM STRENCH SECRETARY AND DIRECTOR 002.00 X X X 0 0 0 20000 false false false 117500 117500 117500 X 0 0 0 0 20000 20000 0 24800 24800 0 0 0 0 102 102 10650 7988 2662 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 BANK FEES 612 612 DUES 1423 1423 OTHER PROFESSION EXPENSES 24536 18402 6134 INVENTORS NETWORK 25000 25000 0 107123 96190 10933 0 644042 518411 14458 14458 978 978 645020 519389 221166 197658 117500 338666 197658 X 306354 321731 306354 321731 645020 519389 X 10377 5000 X false false false X 336061 410400 50000 602500 117500 1516461 336061 410400 50000 602500 117500 1516461 1516461 1516461 1.00000 1.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false 14458 14458 Financial derivatives and other financial products Closely-held equity interests Federal income taxes Form 990, Part IX, Section A, Line 7 MULTIPLE 1099 CONTRACTORS WERE HIRED IN ORDER TO ASSIST IN THE ACHIEVEMENT OF THE PROGRAM SERVICES FOR THE U OF L RESEARCH FOUNDATION PROGRAM, THE DEMO DAY PROGRAM, THE START UP BOOT CAMP PROGRAMS, THE BUILDING OF THE HEALTHCARE ECOSYSTEM, AND ALL OTHER ACTIVITIES OF ADVANCING ENTREPRENEURIAL EDUCATION IN THE HEALTHCARE AND RELATED SECTORS. Form 990, Part XI, Line 8 In 2024, the organization identified a prior period error related to grant income that was not recognized in 2023 as required. A 5,000 grant, which became unconditional and earned in 2023, was inadvertently omitted from that years financial records due to an oversight.As a result, net assets at the beginning of 2024 were understated by 5,000. In accordance with generally accepted accounting principles GAAP, a prior period adjustment was recorded in 2024 to correct this error. The adjustment increased beginning net assets by 5,000 and is reported on Part XI, Line 9 of Form 990.