Accelerate Great Schools
- Assets
- $31.9m
- Revenue
- $4.8m
- Investments
- $0.0
- Employees
- 6
- Location
- Cincinnati, OH
- Founding
- 08/2015
- Data as of
- 12/2023
- EIN
- 47-4220951
Organization Overview
Accelerate Great Schools is located in Cincinnati, OH. The organization was established in 2015. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 12/2023, Accelerate Great Schools employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Accelerate Great Schools 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, Accelerate Great Schools generated $4.8m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $12.0m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Accelerate Great Schools has awarded 67 individual grants totaling $45,473,867. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ENSURE EVERY STUDENT IN EVERY NEIGHBORHOOD OF CINCINNATI HAS ACCESS TO A GREAT SCHOOL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION INVESTS IN HIGH-PERFORMING K-12 SCHOOLS. IT WILL STRIVE TO INCREASE THE NUMBER OF STUDENTS WITH ACCESS TO EXCELLENT EDUCATIONAL OPPORTUNITIES IN THE CINCINNATI AREA. ADDITIONALLY, THE ORGANIZATION INVESTS IN PROGRAMS THAT RECRUIT, TRAIN, AND SUPPORT TEACHERS AND PRINCIPALS IN THE CINCINNATI AREA AND WORKS IN PARTNERSHIP WITH FAMILIES AND COMMUNITIES TO IMPROVE EDUCATIONAL OUTCOMES FOR ALL STUDENTS. THE ORGANIZATION IDENTIFIES FINANCIAL RESOURCES TO BE UTILIZED TOWARDS THESE ENDS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Farmer Co-Chair | OfficerTrustee | 1 | $0 |
George Joseph Co-Chair | OfficerTrustee | 1 | $0 |
Mary Beth Martin Secretary & Treasurer | OfficerTrustee | 1 | $0 |
Dorothy Battle Director | Trustee | 1 | $3,150 |
Jeb Head Director | Trustee | 1 | $0 |
Laura Mueller Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,000,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $29,152 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,029,152 |
| Total Program Service Revenue | $0 |
| Investment income | $698,068 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,000,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,751,369 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,182,320 |
| 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. | $617,578 |
| Compensation of current officers, directors, key employees. | $92,791 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $337,181 |
| Pension plan accruals and contributions | $12,894 |
| Other employee benefits | $25,930 |
| Payroll taxes | $61,674 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $47,778 |
| Fees for services: Accounting | $102,309 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $183,370 |
| Advertising and promotion | $94,865 |
| Office expenses | $63,758 |
| Information technology | $36,732 |
| Royalties | $0 |
| Occupancy | $51,192 |
| Travel | $52,501 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $113,427 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,165 |
| All other expenses | $10,475 |
| Total functional expenses | $11,996,149 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $749,142 |
| Savings and temporary cash investments | $15,476,837 |
| Pledges and grants receivable | $15,595,101 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $20,406 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $15,619 |
| Total assets | $31,857,105 |
| Accounts payable and accrued expenses | $27,114 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $27,114 |
| Net assets without donor restrictions | $16,234,890 |
| Net assets with donor restrictions | $15,595,101 |
| 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 | $31,857,105 |
Grants Awarded
Over the last fiscal year, Accelerate Great Schools has awarded $10,169,058 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
CITIZENS OF THE WORLD CHARTER SCHOOLS PURPOSE: SCHOOL CREATION SUPPORT | $379,560 |
IDEA PUBLIC SCHOOLS PURPOSE: SCHOOL CREATION SUPPORT | $7,415,214 |
REGENERATION SCHOOLS PURPOSE: SCHOOL CREATION SUPPORT | $1,404,526 |
SETON EDUCATION PARTNERS PURPOSE: SCHOOL EXPANSION SUPPORT | $820,303 |
TEACH FOR AMERICA INC PURPOSE: TEACHER RECRUITMENT, TRAINING AND PLACEMENT | $51,000 |
THURGOOD MARSHALL COLLEGE FUND INC PURPOSE: TEACHER RECRUITMENT | $5,130 |