Accelerate4kids Foundation
- Assets
- $56.8k
- Revenue
- $229.5k
- Investments
- $0.0
- Employees
- 8
- Location
- Detroit, MI
- Founding
- 12/2016
- Data as of
- 12/2021
- EIN
- 81-4456932
Organization Overview
Accelerate4kids Foundation is located in Detroit, MI. The organization was established in 2016. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 12/2021, Accelerate4kids Foundation employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Accelerate4kids 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 12/2021, Accelerate4kids Foundation generated $229.5k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 25.7% each year . All expenses for the organization totaled $198.4k during the year ending 12/2021. While expenses have increased by 27.9% per year over the past 2 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO CREATE TOMORROW CREATORS BY PROVIDING QUALITY COMPUTER SCIENCE AND TECHNOLOGY EDUCATION TO EVERY CHILD SO THEY TOO CAN LIVE A LIFE OF OPPORTUNITY AND PROSPERITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACCELERATE4KIDS FOUNDATION PROVIDES QUALITY COMPUTER SCIENCE AND TECHNOLOGY EDUCATION TO EVERY CHILD SO THEY TOO CAN LIVE A LIFE OF OPPORTUNITY AND PROSPERITY. IT AIMS TO PREPARE K-12 YOUTH IN UNDERSERVED COMMUNITIES FOR 21ST CENTURY OPPORTUNITIES IN TECHNOLOGY, AND PROVIDES QUALITY TECHNOLOGY EDUCATION INCLUDING COMPUTER SCIENCE, ROBOTICS, GAME DESIGN AND DIGITAL ARTS, WHILE TEACHING 21ST CENTURY SKILLS LIKE CREATIVITY, CRITICAL THINKING, COLLABORATION, COMMUNICATION AND SOCIAL EMOTIONAL LEARNING. WE BELIEVE OUR UNIQUE STEM.ORG ACCREDITED PROGRAMS WILL DEVELOP KIDS TO BE ADAPTABLE TO BECOME TOMORROW CREATORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thanh Tran Executive Director | Officer | 45 | $50,000 |
Kevin Fite Board Member | Trustee | 0.1 | $0 |
Carolyn Clifford Board Member | Trustee | 0.1 | $0 |
Jeffrey May Board Member | Trustee | 0.1 | $0 |
Erin Grant Board Member | Trustee | 0.1 | $0 |
Maria Lalonde Board Member | Trustee | 0.1 | $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 | $65,135 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $65,135 |
| Total Program Service Revenue | $164,389 |
| Investment income | $0 |
| 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 | $229,524 |
| 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. | $51,200 |
| Compensation of current officers, directors, key employees. | $40,960 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,368 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,091 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $825 |
| Fees for services: Accounting | $2,940 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $117,082 |
| Advertising and promotion | $919 |
| Office expenses | $1,943 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $750 |
| Travel | $18 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $501 |
| Interest | $11 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,137 |
| All other expenses | $958 |
| Total functional expenses | $198,409 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $56,834 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Total assets | $56,834 |
| 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 | $56,834 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $56,834 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Accelerate4kids Foundation has recieved totaling $121.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $121 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Richard U Light Foundation Kalamazoo, MI | $629,730 | $25,417,215 |
Skillman Foundation Detroit, MI | $412,503,854 | $53,699,386 |
Northwestern Mutual Life Foundation Inc Milwaukee, WI | $106,326,341 | $38,353,841 |
Cardinal Services Inc Of Indiana Warsaw, IN | $28,675,162 | $26,373,889 |
Kalamazoo Promise Kalamazoo, MI | $7,251,327 | $23,596,440 |
College Now Greater Cleveland Inc Cleveland, OH | $24,271,314 | $18,465,003 |
Knowledgeworks Foundation Cincinnati, OH | $34,010,195 | $7,717,304 |
Ruth Mott Foundation Flint, MI | $290,091,185 | $30,117,543 |
Jewell Educational Fund Owosso, MI | $398,993,901 | $18,985,075 |
Pleasant T Rowland Foundation Brookfield, WI | $94,312,384 | $11,804,849 |
Perkins Malo Hunter Foundation Holland, MI | $51,295,166 | -$331,905 |
Thompson Foundation Plymouth, MI | $5,518,000 | $2,844,461 |