Nonprofit · EIN 82-4059664
ACCELERATE 500 INC
Tax-exempt · WASHINGTON, DC 20005
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $2,436,835 | $4,189,334 | -$1,752,499 | $5,228,978 | $877,028 | $4,351,950 |
| December 31, 2023 | 990 | $3,081,284 | $4,588,079 | -$1,506,795 | $6,429,966 | $1,150,425 | $5,279,541 |
| December 31, 2022 | 990 (amended) | $6,555,531 | $4,506,128 | $2,049,403 | $8,379,905 | $1,772,930 | $6,606,975 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $2,410,586
- Program service revenue
- $0
- Investment income
- $26,249
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $69,987
- Benefits paid to members
- $106,094
- Other salaries and wages
- $1,114,342
- Salaries, compensation and benefits (total)
- $1,184,084
- Professional fundraising fees
- $0
- Legal fees
- $255,649
- Accounting fees
- $299,688
- Occupancy
- $155,808
- Travel
- $267,355
- Depreciation
- $2,651
- Program services (functional)
- $1,342,238
- Management and general (functional)
- $2,546,576
- Fundraising (functional)
- $300,520
Balance sheet and other
- Total assets, start of year
- $6,429,966
- Total assets, end of year
- $5,228,978
- Total liabilities, end of year
- $877,028
- Net assets, end of year
- $4,351,950
- Land, buildings and equipment
- $4,198
- Net assets without donor restrictions
- $4,351,950
- Gross receipts
- $2,436,835
- Employees
- 11
- Volunteers
- 0
- Year formed
- 2017
- State of legal domicile
- DC
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 |
|---|---|---|---|
| MELISSA BRADLEY | MANAGING PARTNER Trustee or director, Officer | 1 | $368,018 |
| JENN FLYNN | CHAIR Trustee or director, Officer | 1 | $0 |
| GRAHAM MCLAUGHLIN | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| VONETTA YOUNG | DIRECTOR Trustee or director | 1 | $0 |
| RUSTIN BROWN | DIRECTOR Trustee or director | 1 | $0 |
| MARISSA MAHONEY | DIRECTOR Trustee or director | 1 | $0 |
| AERICA BANKS | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MELISSA BRADLEY | MANAGING PARTNER Trustee or director, Officer | 1 | $381,875 |
| JENN FLYNN | CHAIR Trustee or director, Officer | 1 | $0 |
| GRAHAM MCLAUGHLIN | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| VONETTA YOUNG | DIRECTOR Trustee or director | 1 | $0 |
| RUSTIN BROWN | DIRECTOR Trustee or director | 1 | $0 |
| MARISSA MAHONEY | DIRECTOR Trustee or director | 1 | $0 |
| AERICA BANKS | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2022: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MELISSA BRADLEY | MANAGING PARTNER Trustee or director, Officer | 1 | $318,182 |
| JENN FLYNN | CHAIR Trustee or director, Officer | 1 | $0 |
| GRAHAM MCLAUGHLIN | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| VONETTA YOUNG | DIRECTOR Trustee or director | 1 | $0 |
| RUSTIN BROWN | DIRECTOR Trustee or director | 1 | $0 |
| MARISSA MAHONEY | DIRECTOR Trustee or director | 1 | $0 |
| AERICA BANKS | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 1100 15TH ST NW STE 4, WASHINGTON, DC 20005-1784
- In care of
- % MELISSA BRADLEY
- Principal officer (990 for 2024)
- MELISSA BRADLEY, 1100 15TH STREET NW 4TH FLOOR, WASHINGTON, DC 20005
- Signed the 990
- MELISSA BRADLEY, MANAGING DIRECTOR
- Phone
- (917) 549-6092
- Website
- 1863VENTURES.NET
- Return prepared by
- ROSE FINANCIAL SOLUTIONS LLC
Mission
ACCELERATE 500 INC. IS A BUSINESS DEVELOPMENT PROGRAM DEESIGNED TO BRIDGE THE GAP BETWEEN ENTREPRENEURSHIP AND EQUITY. OUR PROGRAMS SEEK TO ACCELERATE NEW MAJORITY ENTREPENEURS FROM HIGH POTENTIAL TO HIGH GROWTH. OUR VISION IS TO CREATE $100 BILLION OF NEW WEALTH AND ECONOMIC POWER FOR AND BY THE NEW MAJORITY. THE FIRM PROVIDES SEVERAL PROGRAMS DESIGNED TO SUPPORT VARIOUS STAGES IN THE LIFECYCLE TO INCLUDE EARLY-STAGE AND GROWTH-STAGE.
Program accomplishments
- 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. NATIONAL SOCIAL MEDIA CAMPAIGN IN AN EFFORT TO CHANGE THE NEGATIVE NARRATIVE AROUND FOUNDERS FOR COLOR, WE HAVE INITIATED A SOCIAL MEDIA CAMPAIGN TO PROMOTE NEW MAJORITY FOUNDERS WHO HAVE MADE IT BEYOND 5. OUR GOAL IS TO LEVERAGE OUR SOCIAL MEDIA, AND THAT OF OUR PARTNERS, TO PROMOTE THE SUCCESS STORIES OF NEW MAJORITY ENTREPRENEURS WHO HAVE BEEN RUNNING BUSINESSES BEYOND 5 YEARS. WE WELCOME ANY SELF-NOMINATIONS OR RECOMMENDATIONS FOR ENTREPRENEURS TO PROMOTE IN THE CAMPAIGN; EMAIL US AT [email protected]. SURVIVABILITY RESEARCH REPORTTHERE IS A DEARTH OF PRIMARY RESEARCH AND IN-DEPTH ANALYSIS ON WHAT IT TAKES A BUSINESS TO SURVIVE BEYOND 5 YEARS. OUR REPORT WILL COLLECT DATA FROM OVER 1,000 CANDIDATES AND SEEK TO PROVIDE INSIGHT ON KEY INPUTS FOR SURVIVING BEYOND 5 YEARS. WE WILL PROVIDE CASE STUDIES, AS WELL AS OUTLINES AREAS OF OPPORTUNITY FOR ECOSYSTEM BUILDERS, POLICY MAKERS, INVESTORS, AND THE LIKE TO HELP ADVANCE THESE BUSINESSES BEYOND THE "VALLEYS OF DEATH".2. PIPELINE PROGRAM - THE PIPELINE PROGRAM WAS CREATED TO EQUIP FOUNDERS WITH THE PROCESSES, MINDSETS AND GUIDANCE TO ADDRESS THESE CHALLENGES AND RAPIDLY ACCELERATE TOWARDS SCALE. THE AIM OF THE PIPELINE PROGRAM IS TO WORK WITH BUSINESS LEADERS TO IDENTIFY BUSINESS GOALS AND THEN DEVELOP AN ACTIONABLE PLAN TO NOT ONLY TO HELP THEM ACHIEVE THEIR GOALS, BUT TO HELP THEIR BUSINESS BECOME SUSTAINABLE. BY HELPING ENTREPRENEURS BUILD BETTER BUSINESSES, PIPELINE ENABLES COMPANIES TO ATTRACT THE TALENT, CAPITAL AND CONNECTIONS NEEDED FORLAST GROWTH AND DEVELOPMENT. THE PIPELINE PROGRAM IS FOCUSED ON HELPING ENTREPRENEURS GROW A SUCCESSFUL BUSINESS. THE PROGRAM'S FOCUS IS BEYOND LEARNING HOW TO PITCH AND PRESENT. INSTEAD, TIME IS INTENTIONALLY SPENT ON SUPPORTING BUSINESSES ON A PATH TO MATURITY. ENTREPRENEURS COMPLETING THE PROGRAM WILL HAVE A MORE INVESTMENT-READY BUSINESS AND TRULY UNDERSTAND WHY AND HOW TO DEPLOY FUTURE FINANCINGS.3. HERIMPACT - HERIMPACT IS DESIGNED TO HELP FEMALE SOCIAL ENTREPRENEURS SCALE THEIR ENTERPRISES IN ORDER TO INCREASE THEIR IMPACT AND LONG-TERM SUSTAINABILITY. THE PROGRAM WAS INITIATED IN THE FALL OF 2018. THE INITIATIVE IS COMPRISED OF AN ENTREPRENEURSHIP SUMMIT, WHICH IS DESIGNED TO BUILD COMMUNITY AND INCREASE THE CAPACITY OF FEMALE SOCIAL ENTREPRENEURS THROUGH ADVICE FROM EXPERTS, ONLINE TOOLS AND NETWORKING. THE INITIATIVE ALSO INCLUDES A PITCH COMPETITION, DESIGNED TO INVEST IN EARLY AND GROWTH STAGE COMPANIES IN THE REGION.Expenses $1,342,238 · grants $69,987 · revenue $26,249
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
- 82-4059664
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2018
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S20)
- Assets (IRS master file)
- $5,228,978
- Income (IRS master file)
- $2,436,835
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $2,436,835 | $4,189,334 | $5,228,978 | XML |
| 990 | December 2023 | $3,081,284 | $4,588,079 | $6,429,966 | XML |
| 990 | December 2022 | $6,555,531 | $4,506,128 | $8,379,905 | XML |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 82-4059664).
Questions about ACCELERATE 500 INC
- What is the EIN of ACCELERATE 500 INC?
- The employer identification number (EIN) of ACCELERATE 500 INC is 82-4059664.
- Is ACCELERATE 500 INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2018.
- Are donations to ACCELERATE 500 INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ACCELERATE 500 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 500 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 500 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 500 INC?
- The 990 for the year ended December 31, 2024 names MELISSA BRADLEY.
- Who are the officers and directors of ACCELERATE 500 INC?
- The 990 for the year ended December 31, 2024 lists 7 people; 1 received compensation from the organization, the highest $368,018 (MELISSA BRADLEY, MANAGING PARTNER).
- How much revenue does ACCELERATE 500 INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $2,436,835, expenses of $4,189,334 and total assets of $5,228,978 at year end.
Other nonprofits in WASHINGTON
- AMERICA VOTES EIN 26-4568349 · last filed 990 for 2025
- AMERICAN ASSOCIATION OF STATE HIGHWAY & TRANSPORTATION OFFICIALS EIN 53-0204654 · last filed 990 for 2025
- CORPORATION FOR TRAVEL PROMOTION EIN 36-4681868 · last filed 990 for 2025
- NORTH AMERICAN ELECTRIC RELIABILITY CORP EIN 20-4821888 · last filed 990 for 2024
- EDISON ELECTRIC INSTITUTE EIN 13-0659550 · last filed 990 for 2024
- HOUSE MAJORITY FORWARD EIN 83-4185105 · last filed 990 for 2024
- SOUNDEXCHANGE INC EIN 76-0742496 · last filed 990 for 2024
- GREEN BUSINESS CERTIFICATION INC EIN 26-0893414 · last filed 990 for 2024
All nonprofits in WASHINGTON · District of Columbia · Community improvement and capacity building