The Acceleration Project Inc
- Assets
- $1.5m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 16
- Location
- Scarsdale, NY
- Founding
- 01/2014
- Data as of
- 12/2021
- EIN
- 46-0762002
Organization Overview
The Acceleration Project Inc is located in Scarsdale, NY. The organization was established in 2014. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Acceleration Project Inc employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Acceleration Project Inc 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 12/2021, Acceleration Project Inc generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 62.7% each year . All expenses for the organization totaled $797.8k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT THE VITALITY OF LOCAL ECONOMIES BY PROVIDING STRATEGIC AND TACTICAL ADVICE TO ACCELERATE SMALL BUSINESS GROWTH WITH A FOCUS ON BUSINESSES OWNED BY WOMEN AND PEOPLE OF COLOR; AND TO EMPOWER PROFESSIONAL WOMEN TO MAKE A MEANINGFUL IMPACT IN THE COMMUNITY WHILE ADVANCING THEIR SKILLS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TAP PROJECT TAP EXPERTISE IS UTILIZED TO ADDRESS A COMMON NEED OF THE SMALL BUSINESS ECOSYSTEM. PROVIDES OPPORTUNITY TO IMPACT MORE SMALL BUSINESS OWNERS AT ONE TIME; TYPICALLY REQUIRES A LONGER TIME COMMITMENT AND GREATER NUMBER OF TAP CONSULTANTS TO EXECUTE. EXAMPLE INCLUDES DEVELOPMENT AND DELIVERY OF CONTENT AND MENTORING FOCUSED ON UNDERSTANDING OF FINANCIAL STATEMENTS, CREATION OF FINANCIAL FORECASTS, AND TIMING OF CAPACITY-BUILDING DECISIONS.
STRATEGIC ADVISORY PROGRAM CONSULTATIVE ADVISORY PROGRAM DURING WHICH TAP CONSULTANTS WORK CLOSELY WITH SMALL BUSINESS OWNERS TO ADDRESS THEIR UNIQUE CHALLENGES AND GUIDE AND MENTOR THEM TOWARD FUTURE GROWTH. LENGTH OF ADVISORY PROGRAM VARIES FROM 1 MEETING TO 6+ MEETINGS OVER 12 WEEK PERIOD. WE DEVELOP AND DELIVER CUSTOMIZED TOOLS AND TIME-BOUND ACTION PLANS WITH GOALS, STRATEGIES, AND TACTICS TO IMPLEMENT. WHERE APPROPRIATE, WE LEVERAGE THE ENTIRE TAP TEAM TO ADDRESS SPECIFIC CLIENT NEEDS THROUGH BRAINSTORMING SESSIONS, FOCUS GROUPS, OR PROVISION OF INDUSTRY-SPECIFIC EXPERTISE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jane Veron President/ce | OfficerTrustee | 40 | $88,000 |
Tracy Jaffe Chief Op Off | Officer | 40 | $84,947 |
Nancy Rosenberg Chief Op Off | Officer | 40 | $83,241 |
Peter D Greene Chair/sec | OfficerTrustee | 10 | $0 |
Barrie Markowitz Vice Preside | OfficerTrustee | 10 | $0 |
Marina Lutova Meyers Treasurer | OfficerTrustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $371,686 |
| Related organizations | $0 |
| Government grants | $36,222 |
| All other contributions, gifts, grants, and similar amounts not included above | $415,844 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $823,752 |
| Total Program Service Revenue | $412,413 |
| Investment income | $432 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,236,597 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $256,188 |
| Compensation of current officers, directors, key employees. | $16,971 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $388,634 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,016 |
| Payroll taxes | $51,718 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $590 |
| Fees for services: Accounting | $12,625 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,363 |
| Advertising and promotion | $3,274 |
| Office expenses | $2,167 |
| Information technology | $35,907 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,070 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,552 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,944 |
| All other expenses | $29,703 |
| Total functional expenses | $797,751 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $142,464 |
| Savings and temporary cash investments | $1,316,838 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $64,789 |
| 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 | $1,563 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,525,654 |
| Accounts payable and accrued expenses | $17,110 |
| Grants payable | $0 |
| Deferred revenue | $217,750 |
| 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 | $234,860 |
| Net assets without donor restrictions | $1,290,794 |
| Net assets with donor restrictions | $0 |
| 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 | $1,525,654 |
Grants Recieved
Over the last fiscal year, we have identified 13 grants that The Acceleration Project Inc has recieved totaling $221,220.
| Awarding Organization | Amount |
|---|---|
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: COMMUNITY & HUMAN SERVICES | $101,000 |
Forward Vision Scarsdale, NY PURPOSE: TRAINING AND MOBILIZING PROFESSIONALS TO WORK WITH SMALL BUSINESSES IN NEED. | $50,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $15,150 |
V&l Marx Foundation Scarsdale, NY PURPOSE: GENERAL CORPORATE PURPOSE | $15,000 |
Jeff Hunter Charitable Tr Larchmont, NY PURPOSE: TO SUPPORT THE CHARITY | $10,000 |
Samuel And Helene Soref Foundation Studio City, CA PURPOSE: PROGRAM | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Conference Board Inc New York, NY | $64,541,991 | $72,603,284 |
Securities Industry And Financial Markets Association Inc New York, NY | $42,827,387 | $47,657,181 |
34th Street Partnership Inc New York, NY | $17,652,180 | $14,359,330 |
Grand Central Partnership Inc New York, NY | $10,906,247 | $13,880,529 |
Pennsylvania Compensation Rating Bureau Philadelphia, PA | $10,444,965 | $13,500,527 |
Greenpoint Manufacturing And Design Center Local Development Corp Gmdc Brooklyn, NY | $54,916,417 | $14,539,539 |
Can Do Inc Hazleton, PA | $88,120,031 | $19,938,198 |
York County Economic Alliance York, PA | $4,435,375 | $9,671,986 |
Ascendus Inc New York, NY | $45,777,812 | $14,588,685 |
Bridgeway Capital Inc Pittsburgh, PA | $100,800,088 | $11,446,748 |
Altoona-Blair County Development Corporation Altoona, PA | $122,969,142 | $33,416,279 |
Greater Wilkes-Barre Industrial Fund Inc Wilkesbarre, PA | $1,685,287 | $7,409,722 |