Accel Foundation
- Assets
- $515.5k
- Revenue
- $103.7k
- Investments
- $436.2k
- Employees
- 0
- Location
- Jupiter, FL
- Founding
- 09/1995
- Data as of
- 08/2023
- EIN
- 56-1900007
Organization Overview
Accel Foundation is located in Jupiter, FL. The organization was established in 1995. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Accel Foundation 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 08/2023, Accel Foundation generated $103.7k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $104.6k during the year ending 08/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Accel Foundation has awarded 15 individual grants totaling $349,888. 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 |
|---|---|---|---|
James M Strathmeyer President | 2 | $0 | |
Marci Strathmeyer Director | 0.1 | $0 | |
Maureen Gilbert Director | 0.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $564 |
| Dividends & Interest | $30,482 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $72,326 |
| Capital Gain Net Income | $72,326 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $300 |
| Total Revenue | $103,672 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,215 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $3,740 |
| Contributions, gifts, grants paid | $100,848 |
| Total expenses and disbursements | $104,588 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $839 |
| Savings and temporary cash investments | $74,578 |
| 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 | $436,187 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $3,871 |
| Total assets | $515,475 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, Accel Foundation has awarded $100,848 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
SEE ATTACHED PURPOSE: GENERAL CHARITABLE | $38,435 |
SEE ATTACHED PURPOSE: RELIGIOUS | $5,000 |
SEE ATTACHED PURPOSE: EDUCATION | $57,413 |