Accelertor For America
- Assets
- $2.5m
- Revenue
- $992.4k
- Investments
- $0.0
- Employees
- 10
- Location
- Azusa, CA
- Founding
- 06/2018
- Data as of
- 12/2021
- EIN
- 82-1702618
Organization Overview
Accelertor For America is located in Azusa, CA. The organization was established in 2018. According to its NTEE Classification (W20) the organization is classified as: Government & Public Administration, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Accelertor For America employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Accelertor For America 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, Accelertor For America generated $992.4k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $2.0m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Accelertor For America has awarded 16 individual grants totaling $1,070,919. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
ACCELERATOR FOR AMERICA PROVIDES STRATEGIC SUPPORT FOR LOCAL INITIATIVES THAT STRENGTHEN PEOPLES ECONOMIC SECURITY, CONNECT THEM WITH JOB OPPORTUNITIES AND FOSTER INFRASTRUCTURE DEVELOPMENT. OUR SUPPORTED INITIATIVES CAN BE SCALED NATIONWIDE TO BENEFIT DISAVANTAGED COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACCELERATOR FOR AMERICA FINDS AND DEVELOPS SOLUTIONS TO ECONOMIC INSECURITY AND SHARES THEM WITH CITIES ACROSS THE COUNTRY, FOSTERING INCLUSIVE, LONG-TERM WEALTH BUILDING AND ECONOMIC MOBILITY FOR DISADVANTAGED COMMUNITIES. IN 2021, WE CONTINUED OUR PANDEMIC RESPONSE SUPPORT THAT BEGAN IN 2020. IN RESPONSE TO FEDERAL SUPPORT IN THE AMERICAN RESCUE PLAN ACT (ARPA), WE WORKED WITH GOVERNMENT, BUSINESS, AND NONPROFIT LEADERS TO ESTABLISH STIMULUS COMMAND CENTERS IN CITIES TO SERVE AS LEADING COORDINATORS FOR PLANNING, PRIORITIZING, AND COORDINATING FEDERAL RESCUE AND RECOVERY INVESTMENTS; SINCE THE PASSAGE OF THE BIPARTISAN INFRASTRUCTURE LAW, WE HAVE BEEN WORKING WITH CITIES TO HELP THEM UNDERSTAND AND PREPARE FOR GRANT OPPORTUNITIES. WE REGULARLY PUBLISHED GUIDES AND NEWSLETTERS TO HELP CITIES NAVIGATE THESE OPPORTUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Aaron Thomas CEO | Officer | 40 | $185,472 |
Mary Ellen Wiederwohl CEO | OfficerTrustee | 5 | $0 |
Glen Dake Treasurer And Secretary | Officer | 5 | $0 |
Jonathan Weiss Board Chairman | Officer | 5 | $0 |
Daniel Carol Board Member | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bruce Katz Consulting | 12/30/21 | $150,000 |
Wrecking Ball Media Group Consulting | 12/30/21 | $150,150 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $248,347 |
| All other contributions, gifts, grants, and similar amounts not included above | $742,418 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $990,765 |
| Total Program Service Revenue | $0 |
| Investment income | $1,644 |
| 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 | $992,409 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $323,634 |
| 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. | $185,472 |
| Compensation of current officers, directors, key employees. | $37,094 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $482,825 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $49,222 |
| Payroll taxes | $55,864 |
| Fees for services: Management | $485,950 |
| Fees for services: Legal | $8,012 |
| Fees for services: Accounting | $105,531 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $72,806 |
| Advertising and promotion | $0 |
| Office expenses | $12,222 |
| Information technology | $963 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $96,273 |
| 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 | $2,116 |
| Insurance | $5,856 |
| All other expenses | $0 |
| Total functional expenses | $1,998,037 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,471,302 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,011,938 |
| 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 | $2,860 |
| Net Land, buildings, and equipment | $4,665 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,490,765 |
| Accounts payable and accrued expenses | $235,837 |
| 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 | $235,837 |
| Net assets without donor restrictions | $438,482 |
| Net assets with donor restrictions | $1,816,446 |
| 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 | $2,490,765 |
Grants Awarded
Over the last fiscal year, Accelertor For America has awarded $325,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
INLAND REGIONS LLC PURPOSE: Opportunity Zone Initiatives | $200,000 |
MICHELLE MONTGOMERY THOMPSON PURPOSE: Racial and Wealth Opportunity Gap Proj | $125,000 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Accelertor For America has recieved totaling $4,920,000.
| Awarding Organization | Amount |
|---|---|
Mastercard Impact Fund Purchase, NY PURPOSE: ECONOMIC DEVELOPMENT | $2,000,000 |
Mastercard Impact Fund Purchase, NY PURPOSE: ECONOMIC DEVELOPMENT | $1,000,000 |
Foundation To Promote Open Society New York, NY PURPOSE: TO PROVIDE SUPPORT TO THE GRANTEE'S WORK TO PROVIDE CASH ASSISTANCE AND OTHER CRITICAL SUPPORT TO IMMIGRANT AND OTHER VULNERABLE WORKERS IMPACTED BY THE COVID 19 | $750,000 |
James Irvine Foundation San Francisco, CA PURPOSE: FOR OPPORTUNITY ZONE DEVELOPMENT | $400,000 |
Ewing Marion Kauffman Foundation Kansas City, MO PURPOSE: SUPPORT FOR PLANNING, TECHNICAL ASSISTANCE, AND HUMAN CAPITAL TO STRENGTHEN EQUITABLE ECONOMIC DEVELOPMENT, SCALE FUTURE OF WORK INITIATIVES, AND PROVIDE CONSULTATION FOR THE PLANNING AND IMPLEMENTATION OF THE COMMUNITY WEALTH INITIATIVE PILOT. 202001-7685 | $380,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $250,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Advancement Project Los Angeles, CA | $28,800,664 | $13,680,173 |
Merced County Community Action Board Merced, CA | $10,458,671 | $11,741,915 |
Local Government Commission Sacramento, CA | $4,141,316 | $8,779,457 |
League Of Oregon Cities Salem, OR | $8,455,795 | $4,085,501 |
California Forward Sacramento, CA | $2,278,761 | $1,928,668 |
Portland Mall Management Inc Portland, OR | $602,431 | $2,225,906 |
Accelertor For America Azusa, CA | $2,490,765 | $992,409 |
National Popular Vote Lafayette, CA | $32,012 | $1,561,641 |
Institute For Local Government Sacramento, CA | $1,939,416 | $1,529,227 |
Citizens Climate Lobby Coronado, CA | $2,181,432 | $2,438,418 |
California State Assoc Of Public Admin Public Guardians & Conserv Sacramento, CA | $907,638 | $1,097,163 |
Pooling Resources Inc Carson City, NV | $1,779,327 | $1,361,364 |