Excelerate Foundation Inc
- Assets
- $9.5m
- Revenue
- $308.7k
- Investments
- $8.8m
- Employees
- 0
- Location
- Gold River, CA
- Founding
- 11/1992
- Data as of
- 09/2023
- EIN
- 52-1772345
Organization Overview
Excelerate Foundation Inc is located in Gold River, CA. The organization was established in 1992. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Excelerate Foundation 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 09/2023, Excelerate Foundation Inc generated $308.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $613.7k during the year ending 09/2023. While expenses have increased by 0.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Excelerate Foundation Inc has awarded 141 individual grants totaling $2,701,243. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jonathan Alex Sloan President | 10 | $60,500 | |
Ernest Lewis Board Member | 6 | $50,500 | |
Edward Dadakis Treasurer | 6 | $50,500 | |
Farah Pandith Secretary | 6 | $50,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $170,925 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $137,806 |
| Capital Gain Net Income | $137,806 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $308,731 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $212,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $9,344 |
| Total operating and administrative expenses | $272,697 |
| Contributions, gifts, grants paid | $341,000 |
| Total expenses and disbursements | $613,697 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $216,790 |
| Savings and temporary cash investments | $532,619 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $17,488 |
| Total assets | $9,524,431 |
| Accounts payable and accrued expenses | $314 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $314 |
Grants Awarded
Over the last fiscal year, Excelerate Foundation Inc has awarded $341,000 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
MUHAMMAD ALI CENTER PURPOSE: FUNDRAISER EVENT SPONSORSHIP FOR ORGANIZATION WHOSE CHARTER IS TO MOBILIZE MUHAMMAD ALI'S LEGACY TO FOSTER RESPECT, INSPIRE GENERATIONS OF CHANGEMAKERS, AND ADVANCE SOCIAL JUSTICE. | $30,000 |
WE ARE FAMILY FOUNDATION PURPOSE: GRANT FOR "YOUTH TO THE FRONT" PROGRAM TO SUPPORT THE ORGANIZATION'S THATS DEDICATED TO THE VISION OF A GLOBAL FAMILY BY CREATING AND SUPPORTING PROGRAMS THAT PROMOTE CULTURAL DIVERSITY WHILE NURTURING AND MENTORING THE VISION, TALENTS, AND IDEAS OF YOUNG PEOPLE WHO ARE POSITIVELY CHANGING THE WORLD. | $60,000 |
UNITED WAY OF GREENWICH PURPOSE: SUPPORT THE EARLY CHILDHOOD ACHIEVEMENT GAP SOLUTIONS, HELPING AT-RISK STUDENTS | $45,000 |
GLORIA GREAT BASIN PURPOSE: SUPPORT FOR SCHOLARSHIPS. ORGANIZATION ENABLES YOUNGSTERS FROM UNDER REPRESENTED GROUPS TO STUDY EFFECTS OF CLIMATE CHANGE ALONG SIDE PROFESSIONALS IN THE FIELD. | $5,000 |
AIDSLIFECYCLE PURPOSE: SPONSOR RIDERS OF A CYCLING EVENT, WHICH RAISES FUNDS FOR SF AIDS FOUNDATION AND COMMUNITY. | $8,000 |
UC DAVIS FOUNDATION PURPOSE: GRANTS TO SUPPORT STAFFING BUDGETS OF A SPECIFIC PROGRAM, AS WELL AS GENERAL PROGRAM SUPPORT FOR CAMPUS AND PUBLIC ARBORETUM OPERATIONS. | $70,000 |