Accelerate Institute
- Assets
- $1.4m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 13
- Location
- Chicago, IL
- Founding
- 03/1992
- Data as of
- 06/2022
- EIN
- 36-3764476
Organization Overview
Accelerate Institute is located in Chicago, IL. The organization was established in 1992. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2022, Accelerate Institute employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Accelerate Institute is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Accelerate Institute generated $1.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.1%) each year. All expenses for the organization totaled $2.2m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (3.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
ACCELERATE INSTITUTE IS AN ORGANIZATION DEVOTED TO THE BETTERMENT OF URBAN CHILDREN THROUGH EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACCELERATE INSTITUTE IS AN ORGANIZATION WHOSE MISSION IS TO ENABLE EVERY CHILD TO REACH THEIR FULL POTENTIAL BY PARTNERING WITH HIGH-PERFORMING SCHOOLS TO DRAMATICALLY ACCELERATE STUDENT ACHIEVEMENT. THE INSTITUTE IS ANCHORED BY FIVE PROGRAMS: THE PRINCIPAL FELLOWSHIP IS DESIGNED TO DEVELOP LEADERS WHO HAVE THE QUALITIES AND SKILLS TO CREATE AND LEAD SCHOOLS THAT RAPIDLY AND EFFECTIVELY ACCELERATE STUDENT ACHIEVEMENT; THE SCHOOL ACCELERATOR IS DESIGNED TO TRAIN SCHOOL PRINCIPALS AND THEIR LEADERSHIP TEAM IN HIGH OUTPUT MANAGEMENT STRATEGIES AND TACTICS TO ACCELERATE THE ACADEMIC ACHIEVEMENT OF UNDER PERFORMING SCHOOLS; THE LEADERSHIP ACADEMY PROVIDES PRACTICAL DAY-TO-DAY STRATEGIES TO IMPROVE LEADERSHIP PRACTICE IN SCHOOLS FOR VICE PRINCIPALS, ASSISTANT PRINCIPALS, AND OTHER LEADERSHIP TEAM MEMBERS IN ORDER TO IMPROVE TEACHERS' INSTRUCTIONAL PRACTICE AND POSITIVELY IMPACT ACADEMIC OUTCOMES; THE RYAN AWARD IS A NATIONAL AWARD RECOGNIZING PRINCIPALS WHO HAVE DEMONSTRATED ACCELERATED RESULTS IN UNDER SERVED SCHOOLS; AND ALAIN LOCKE CHARTER SCHOOL, THE ORGANIZATION'S SUBSIDIARY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $513,854 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,018,374 |
| Noncash contributions included in lines 1a–1f | $172,329 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,532,228 |
| Total Program Service Revenue | $143,900 |
| Investment income | $2,388 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,709 |
| Net Income from Fundraising Events | -$16,497 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,660,310 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $507,844 |
| Compensation of current officers, directors, key employees. | $12,178 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $947,775 |
| Pension plan accruals and contributions | $21,378 |
| Other employee benefits | $91,299 |
| Payroll taxes | $90,571 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $31,627 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $17,632 |
| Advertising and promotion | $213,903 |
| Office expenses | $30,006 |
| Information technology | $40,623 |
| Royalties | $0 |
| Occupancy | $18,104 |
| Travel | $42,068 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,954 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,403 |
| Insurance | $77,328 |
| All other expenses | $0 |
| Total functional expenses | $2,150,515 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $359,834 |
| Savings and temporary cash investments | $945,881 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,003 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $25,611 |
| Net Land, buildings, and equipment | $9,080 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,350,409 |
| Accounts payable and accrued expenses | $63,877 |
| Grants payable | $0 |
| Deferred revenue | $135,000 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $198,877 |
| Net assets without donor restrictions | $1,006,532 |
| Net assets with donor restrictions | $145,000 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,350,409 |
Grants Awarded
Over the last fiscal year, Accelerate Institute has awarded $235,114 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
Chicago, IL PURPOSE: Educational Support | $163,420 |
Chicago, IL PURPOSE: Educational Support | $25,000 |
Gary, IN PURPOSE: Educational Support | $25,000 |
CIVITAS EDUCATION PARTNERS PURPOSE: Education Support | $15,421 |
Milwaukee, WI PURPOSE: Educational Support | $6,273 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Accelerate Institute has recieved totaling $160,005.
| Awarding Organization | Amount |
|---|---|
Patrick G And Shirley W Ryan Foundation Chicago, IL PURPOSE: GENERAL CHARITABLE OPERATIONS | $150,000 |
Tully Family Foundation Chicago, IL PURPOSE: EDUCATION | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ivy Tech Foundation Inc Indianapolis, IN | $133,152,328 | $30,082,278 |
Umkc Foundation Kansas City, MO | $70,681,044 | $43,162,989 |
University Of Northern Iowa Foundation Cedar Falls, IA | $173,378,893 | $31,725,389 |
Illinois State University Foundation Normal, IL | $269,993,016 | $34,747,700 |
National Assistance Foundation Des Moines, IA | $16,519,301 | $16,875,706 |
Southern Illinois University Foundation Carbondale, IL | $260,208,288 | $31,565,742 |
St Louis Charter Schools St Louis, MO | $19,224,709 | $16,300,473 |
Linda Hall Library Trust Kansas City, MO | $201,287,634 | $7,552,380 |
University Research Park Inc Madison, WI | $162,117,796 | $19,527,506 |
Private Education-Employers Trust St Louis, MO | $386,613 | $11,502,248 |
Northern Illinois University Foundation Dekalb, IL | $169,106,712 | $31,131,654 |
Grinnell College Medical Benefit Plan Trust Agreement Grinnell, IA | $11,174,588 | $9,791,771 |