The Acceleration Project Inc
- Assets
- $2.9m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 24
- Location
- Scarsdale, NY
- Founding
- 01/2014
- Data as of
- 12/2023
- 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 12/2023, Acceleration Project Inc employed 24 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 12/2023, Acceleration Project Inc generated $2.2m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 55.8% each year . All expenses for the organization totaled $1.7m during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO CLOSE ECONOMIC GAPS BY EMPOWERING UNDER-RESOURCED SMALL BUSINESS OWNERS AND ACCELERATING THEIR SUCCESS THROUGH HIGH IMPACT AND CUSTOMIZED STRATEGIC, FINANCIAL, OPERATIONAL AND MARKETING SUPPORT. TAP'S VISION IS THAT SMALL BUSINESSES HAVE EQUAL OPPORTUNITY TO GROW AND THRIVE, CONTRIBUTING TO VIBRANT COMMUNITIES AND AN INCLUSIVE ECONOMY FOR SMALL BUSINESS OWNERS, ENTREPENEURS, AND THEIR FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCALABLE PLATFORM THROUGH SCALABLE PROGRAMMING, TAP IS ABLE TO PROVIDE EXPERTISE ON SPECIFIC AREAS OF NEED WITHIN THE SMALL BUSINESS ECOSYSTEM TO LARGER AUDIENCES. THIS INCLUDES THE DEVELOPMENT AND DELIVERY OF CONTENT IN INDIVIDUAL SESSIONS. THE CONTENT CAN BE DELIVERED IN LARGE GROUP SETTINGS OR IN ONE-ON-ONE ENGAGEMENTS.
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. FOLLOWING THE COMPLETION OF THE ADVISORY PROGRAM, TAP CONSULTANTS CHECK IN WITH CLIENTS AT PRESCRIBED INTERVALS FOR 12 MONTHS TO ADDRESS QUESTIONS AND MEASURE IMPACT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tracy Jaffe Chief Growth | Officer | 40 | $104,742 |
Jane Veron President/ce | OfficerTrustee | 40 | $84,698 |
Devon Briger Chief Operat | Officer | 32 | $74,520 |
Claudia Uribe Chief Prog. | Officer | 32 | $74,520 |
Erin Andrew Board Member | Trustee | 4 | $0 |
Marcia Bateson Pres. Counc | OfficerTrustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $544,472 |
| Related organizations | $0 |
| Government grants | $40,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $860,669 |
| Noncash contributions included in lines 1a–1f | $25,616 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,445,641 |
| Total Program Service Revenue | $704,003 |
| Investment income | $71,683 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $104 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,221,431 |
| 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. | $384,710 |
| Compensation of current officers, directors, key employees. | $64,957 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $978,910 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $27,533 |
| Payroll taxes | $99,490 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,975 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $68,989 |
| Advertising and promotion | $28,051 |
| Office expenses | $4,726 |
| Information technology | $61,289 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $26,311 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $32,408 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $10,352 |
| All other expenses | $0 |
| Total functional expenses | $1,738,744 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $404,533 |
| Savings and temporary cash investments | $456,237 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,000 |
| 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 | $2,378 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,996,116 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,868,264 |
| Accounts payable and accrued expenses | $41,885 |
| Grants payable | $0 |
| Deferred revenue | $146,110 |
| 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 | $187,995 |
| Net assets without donor restrictions | $2,599,654 |
| Net assets with donor restrictions | $80,615 |
| 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 | $2,868,264 |