New Left Accelerator
- Assets
- $3.2m
- Revenue
- $3.4m
- Investments
- $0.0
- Employees
- 10
- Location
- Alameda, CA
- Founding
- 09/2019
- Data as of
- 12/2023
- EIN
- 82-2590752
Organization Overview
New Left Accelerator is located in Alameda, CA. The organization was established in 2019. According to its NTEE Classification (W70) the organization is classified as: Leadership Development, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2023, New Left Accelerator employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Left Accelerator is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2023, New Left Accelerator generated $3.4m in total revenue. All expenses for the organization totaled $2.2m during the year ending 12/2023. While expenses have increased by 53.1% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
NEW LEFT ACCELERATOR EMPOWERS PROGRESSIVE LEADERS TO TRANSFORM THEIR IDEAS INTO IMPACT. WE ACCOMPLISH THIS BY RUNNING AN ACCELERATOR PROGRAM AND SERVING AS A RESOURCE CLEARINGHOUSE FOR PROMISING NEW PROGRESSIVE ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
2023 ACCELERATOR PROGRAM (ACCELERATOR): THE COHORT FOR OUR FLAGSHIP ACCELERATOR PROGRAM ARE DOING VITAL MOVEMENT BUILDING WORK ACROSS IMPACTED COMMUNITIES IN AREAS OF REPRODUCTIVE JUSTICE, IMMIGRANT JUSTICE, AND MOVEMENT INFRASTRUCTURE. BY PARTICIPATING IN OUR ACCELERATOR PROGRAM, THEY WILL LEARN HOW TO BUILD MULTI-ENTITY STRUCTURES TO UNLEASH EVEN MORE OF THEIR POWER TO DO BOLD, LEGALLY SAFE ADVOCACY. NLA OFFERS EACH ORGANIZATION COACHING, STRATEGIC PLANNING AND ORGANIZATIONAL DEVELOPMENT ASSISTANCE, AND COUNSEL ON FINANCIAL AND LEGAL COMPLIANCE FROM SOME OF THE MOST EXPERIENCED EXPERTS IN THE FIELD.
2023 EMPOWER AND PROTECT (EMPOWER AND PROTECT): IS A CAPACITY-BUILDING PROGRAM THAT BUILDS STATE AND MOVEMENT INFRASTRUCTURE TO HELP EMERGENT STATE-BASED POWER-BUILDING NONPROFITS DO BOLD WORK SAFELY IN ELECTION YEARS. THE CAPACITY NEEDS OF MULTI-ENTITY POWER-BUILDING ORGANIZATIONS ARE COMPLEX AND UNIQUE. EMPOWER & PROTECT EXPANDS ACCESS TO THE TECHNICAL ASSISTANCE SUPPORT, TRAINING, TOOLS AND RESOURCES, AND ACCESS TO LEGAL AND COMPLIANCE EXPERTISE THAT POWER BUILDING ORGANIZATIONS NEED. THE PROGRAM REDUCES RISK, STRENGTHENS COMPLIANCE AND CAPACITY, AND EXPANDS THE STRATEGIES THAT NONPROFITS CAN USE TO WIN CRITICAL BATTLES.
2023 TECHNICAL ASSISTANCE: NLA PROVIDES TECHNICAL ASSISTANCE PACKAGES TO PROVIDE SUPPORT IN HELPING MULTI ENTITY ORGANIZATIONS MAXIMIZE THEIR IMPACT. THIS INCLUDES TECHNICAL ASSISTANCE & COACHING PACKAGES FOR LEADERS AND ORGANIZATIONS: WE PARTNER WITH LEADERS TO CREATE AND SCALE THE FULL RANGE OF LEGAL ENTITIES THEY NEED TO BUILD POWER, MAXIMIZE IMPACT, AND WIN FUNDER PARTNERSHIPS TO PROVIDE TECHNICAL ASSISTANCE: WE WORK COLLABORATIVELY WITH (C)(3) AND (C)(4) FUNDERS TO DESIGN CAPACITY-BUILDING PROGRAMS THAT MEET THE UNIQUE NEEDS OF MULTI-ENTITY ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deborah Barron Executive Dir. | OfficerTrustee | 40 | $129,059 |
Jennifer Cheyne Secretary | OfficerTrustee | 40 | $120,000 |
Mario Lugay Member | Trustee | 1 | $0 |
Guillermo Quinteros Member | Trustee | 1 | $0 |
Cameron Holland Member | Trustee | 1 | $0 |
Shruti Garg Treasurer | OfficerTrustee | 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 | $3,298,652 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,298,652 |
| Total Program Service Revenue | $75,600 |
| 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 | $3,374,252 |
| 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. | $249,059 |
| Compensation of current officers, directors, key employees. | $17,683 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $632,077 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,338 |
| Fees for services: Accounting | $39,622 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,134,019 |
| Advertising and promotion | $0 |
| Office expenses | $6,030 |
| Information technology | $38,640 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $37,721 |
| 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 | $13,810 |
| All other expenses | $0 |
| Total functional expenses | $2,178,284 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,976,190 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,257,549 |
| 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 | $3,233,739 |
| Accounts payable and accrued expenses | $88,238 |
| 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 | $88,238 |
| Net assets without donor restrictions | $348,292 |
| Net assets with donor restrictions | $2,797,209 |
| 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 | $3,233,739 |