Accelerate Group Inc
- Assets
- $1.8m
- Revenue
- $653.3k
- Investments
- $0.0
- Employees
- 3
- Location
- Peoria, AZ
- Founding
- 12/2016
- Data as of
- 12/2022
- EIN
- 81-3125859
Organization Overview
Accelerate Group Inc is located in Peoria, AZ. The organization was established in 2016. According to its NTEE Classification (X19) the organization is classified as: Support N.E.C., under the broad grouping of Religion-Related and related organizations. As of 12/2022, Accelerate Group Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Accelerate Group 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 12/2022, Accelerate Group Inc generated $653.3k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $614.1k during the year ending 12/2022. While expenses have increased by 14.2% per year over the past 6 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
ACCELERATE GROUP WORKS WITH PASTOR AND SPOUSE COUPLES TO HELP ENABLE THEM TO ACHIEVE LONG-TERM MINISTRY SUCCESS. ACCELERATE GROUP ALSO WORKS WITH CHURCH BOARDS AND STAFFS TO IMPROVE ROLES, RESPONSIBILITIES, AND GOVERNANCE PRACTICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
1. HOSTED OVER 16 PASTOR COUPLES ON A HOLY LAND TOUR THAT BROUGHT THE BIBLE TO LIFE.2. CONDUCTED TWO RETREATS THAT HOSTED 28 PASTOR COUPLES FROM ALL OVER THE US TO STRENGTHEN THEIR MARRIAGE AND MINISTRY.3. HELD A LEADERSHIP EVENT FOR 24 SENIOR PASTS EQUIPPING THEM FOR THE NEXT SEASON OF CHURCH OVERSIGHT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jesse M Nave Secretary/treas | OfficerTrustee | 40 | $69,400 |
Don Wilson President | OfficerTrustee | 40 | $17,024 |
Paul Wilson Vice President | OfficerTrustee | 2 | $0 |
Gary Scheer Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $446,443 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $446,443 |
| Total Program Service Revenue | $138,298 |
| Investment income | $68,601 |
| 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 | $653,342 |
| 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. | $189,451 |
| Compensation of current officers, directors, key employees. | $18,945 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $42,016 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $45,617 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,024 |
| Advertising and promotion | $60,880 |
| Office expenses | $39,093 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $49,774 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,596 |
| All other expenses | $6,215 |
| Total functional expenses | $614,105 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $208,017 |
| Savings and temporary cash investments | $1,549,605 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,863 |
| Total assets | $1,760,485 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $1,760,485 |
| Total liabilities and net assets/fund balances | $1,760,485 |