Nonprofit · EIN 80-0775764
ACCELERATE LONG ISLAND INC
Tax-exempt · MELVILLE, NY 11747
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $243,283 | $229,798 | $13,485 | $957,563 | $34,969 | $922,594 |
| December 31, 2023 | 990 | $185,729 | $190,409 | -$4,680 | $950,143 | $41,034 | $909,109 |
| December 31, 2022 | 990 | $75,000 | $29,467 | $45,533 | $945,871 | $2,082 | $943,789 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $142,945
- of which government grants
- $142,945
- Program service revenue
- $100,000
- Investment income
- $338
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $77,059
- Accounting fees
- $15,000
- Occupancy
- $5,000
Balance sheet and other
- Total assets, start of year
- $950,143
- Total assets, end of year
- $957,563
- Total liabilities, end of year
- $34,969
- Net assets, end of year
- $922,594
- Net assets without donor restrictions
- $921,560
- Net assets with donor restrictions
- $1,034
- Gross receipts
- $243,283
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2011
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LEO GUTHART | DIRECTOR Trustee or director | 1 | $0 |
| CHARLES M STRAIN | DIRECTOR Trustee or director | 1 | $0 |
| NANCY RAUCH-DOUZINAS | DIRECTOR EMERITUS Trustee or director | 1 | $0 |
| BRUCE STILLMAN | DIRECTOR Trustee or director | 1 | $0 |
| DAVID CALONE | DIRECTOR Trustee or director | 1 | $0 |
| STEVE WINICK | DIRECTOR Trustee or director | 1 | $0 |
| STACEY SIKES | CHAIRWOMAN Trustee or director | 1 | $0 |
| ALON KAPEN | DIRECTOR Trustee or director | 1 | $0 |
| JERRY WARD | TREASURER Trustee or director | 1 | $0 |
| HANK FOLEY | DIRECTOR Trustee or director | 1 | $0 |
| JOANNE HEWETT | DIRECTOR Trustee or director | 1 | $0 |
| SUSAN POSER | DIRECTOR Trustee or director | 1 | $0 |
| MICHAEL DOWLING | DIRECTOR Trustee or director | 1 | $0 |
| MATTHEW COHEN | DIRECTOR Trustee or director | 1 | $0 |
| RICHARD MCCORMICK | DIRECTOR Trustee or director | 1 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DANIEL LLOYD | PROGRAM DIRECTOR Officer | 10 | $0 |
990 for the year ended December 31, 2023: 16 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LEO GUTHART | DIRECTOR Trustee or director | 1 | $0 |
| CHARLES M STRAIN | DIRECTOR Trustee or director | 1 | $0 |
| NANCY RAUCH-DOUZINAS | DIRECTOR EMERITUS Trustee or director | 1 | $0 |
| BRUCE STILLMAN | DIRECTOR Trustee or director | 1 | $0 |
| DAVID CALONE | DIRECTOR Trustee or director | 1 | $0 |
| STEVE WINICK | DIRECTOR Trustee or director | 1 | $0 |
| STACEY SIKES | CHAIRWOMAN Trustee or director | 1 | $0 |
| ALON KAPEN | DIRECTOR Trustee or director | 1 | $0 |
| JERRY WARD | TREASURER Trustee or director | 1 | $0 |
| HANK FOLEY | DIRECTOR Trustee or director | 1 | $0 |
| JOANNE HEWETT | DIRECTOR Trustee or director | 1 | $0 |
| SUSAN POSER | DIRECTOR Trustee or director | 1 | $0 |
| MICHAEL DOWLING | DIRECTOR Trustee or director | 1 | $0 |
| MATTHEW COHEN | DIRECTOR Trustee or director | 1 | $0 |
| PETER DONNELLY | DIRECTOR Trustee or director | 1 | $0 |
| DAN LLOYD | MANAGING DIRECTOR Officer | 16 | $0 |
990 for the year ended December 31, 2022: 14 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAN LLOYD | MANAGING DIRECTOR Officer | 16 | $7,500 |
| LEO GUTHART | DIRECTOR Trustee or director | 1 | $0 |
| CHARLES M STRAIN | DIRECTOR Trustee or director | 1 | $0 |
| NANCY RAUCH-DOUZINAS | DIRECTOR Trustee or director | 1 | $0 |
| BRUCE STILLMAN | DIRECTOR Trustee or director | 1 | $0 |
| DAVID CALONE | DIRECTOR Trustee or director | 1 | $0 |
| STEVE WINICK | DIRECTOR Trustee or director | 1 | $0 |
| STACEY SIKES | CHAIRWOMAN Trustee or director | 1 | $0 |
| ALON KAPEN | DIRECTOR Trustee or director | 1 | $0 |
| JERRY WARD | TREASURER Trustee or director | 1 | $0 |
| HANK FOLEY | DIRECTOR Trustee or director | 1 | $0 |
| JOANNE HEWETT | DIRECTOR Trustee or director | 1 | $0 |
| SUSAN POSER | DIRECTOR Trustee or director | 1 | $0 |
| MICHAEL DOWLING | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 300 BROADHOLLOW RD STE 110W, MELVILLE, NY 11747-4840
- In care of
- % MICHELLE BYRNE
- Principal officer (990 for 2024)
- MICHELLE BYRNE, 300 BROADHOLLOW ROAD, MELVILLE, NY 11757
- Signed the 990
- MICHELLE BYRNE, FINANCE DIRECTOR
- Phone
- (631) 493-3048
- Website
- WWW.ACCELERATELI.ORG
- Return prepared by
- BONADIO & CO LLP
Mission
A UNIQUE COLLABORATION AMONG LONG ISLAND'S WORLD CLASS RESEARCH INSTITUTIONS AND ITS BUSINESS COMMUNITY TO COMMERCIALIZE RESEARCH AND CREATE AN ENTREPRENEURIAL ECOSYSTEM.
Program accomplishments
- ACCELERATE LONG ISLAND (ALI), A NON-PROFIT FOUNDED IN 2011, HAS AN EXTENSIVE AND COMMITTED TRACK RECORD OF ACCELERATING GROWTH FOR LONG ISLAND BASED HIGH TECHNOLOGY STARTUPS. ALI LEADS A UNIQUE COLLABORATION AMONG LONG ISLAND'S WORLD CLASS RESEARCH INSTITUTIONS AND ITS BUSINESS COMMUNITY TO COMMERCIALIZE RESEARCH AND CREATE AN ENTREPRENEURIAL ECOSYSTEM. ALI FOCUSES ON HIGH-TECHNOLOGY COMPANIES EMANATING FROM THE REGION'S RESEARCH AND ACADEMIC INSTITUTIONS AND HIGH-GROWTH STARTUPS IN OUR REGION.
- ALI WAS AWARDED THE LONG ISLAND INNOVATION HOT SPOT ("LIIHS") GRANT ISSUED BY NEW YORK STATE EMPIRE STATE DEVELOPMENT ("ESD") IN 2023. THE CONTRACT PERIOD BEGAN ON JANUARY 1, 2023, AND ENDS ON DECEMBER 31, 2027, WITH TOTAL GRANT FUNDING OF $1,250,000 FROM ESD. THIS IS MATCHED BY FUNDING OF $250,000 FROM ALI AND $1,050,000 FROM THE GRANT CO-APPLICANTS, WHICH INCLUDE THE LONG ISLAND HIGH TECHNOLOGY INCUBATOR, THE RESEARCH FOUNDATION FOR THE STATE UNIVERSITY OF NEW YORK, HOFSTRA UNIVERSITY, NEW YORK INSTIUTE OF TECHNOLOGY, AND BROAD HOLLOW BIOSCIENCE PARK. THE PURPOSE OF LIIHS IS TO ADMINISTER A NYS TAX INCENTIVE AND PROFESSIONAL SERVICES REIMBURSEMENT PROGRAM FOR EARLY-STAGE COMPANIES TO HELP THEM GROW. ALI CONNECTS EARLY-STAGE COMPANIES WITH INCUBATOR SPACE THROUGHOUT ITS NETWORK, COORDINATES WORKSHOPS AND EVENTS ACROSS LONG ISLAND, COLLABORATES WITH THE HOT SPOT ADVISORY BOARD, AND MANAGES A CENTRALIZED PROFESSIONAL SERVICE SUPPORT PROGRAM.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 80-0775764
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 2014
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S99)
- Assets (IRS master file)
- $957,563
- Income (IRS master file)
- $243,283
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $243,283 | $229,798 | $957,563 | XML |
| 990 | December 2023 | $185,729 | $190,409 | $950,143 | XML |
| 990 | December 2022 | $75,000 | $29,467 | $945,871 | XML |
| 990 | December 2021 | $75,000 | $23,517 | $900,338 | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990-EZ | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 80-0775764).
Questions about ACCELERATE LONG ISLAND INC
- What is the EIN of ACCELERATE LONG ISLAND INC?
- The employer identification number (EIN) of ACCELERATE LONG ISLAND INC is 80-0775764.
- Is ACCELERATE LONG ISLAND INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 2014.
- Are donations to ACCELERATE LONG ISLAND INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does ACCELERATE LONG ISLAND INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of ACCELERATE LONG ISLAND INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ACCELERATE LONG ISLAND INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of ACCELERATE LONG ISLAND INC?
- The 990 for the year ended December 31, 2024 names MICHELLE BYRNE.
- Who are the officers and directors of ACCELERATE LONG ISLAND INC?
- The 990 for the year ended December 31, 2024 lists 16 people; 0 received compensation from the organization.
- How much revenue does ACCELERATE LONG ISLAND INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $243,283, expenses of $229,798 and total assets of $957,563 at year end.
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