Accelerate Change Inc
- Assets
- $12.7m
- Revenue
- $15.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Boston, MA
- Founding
- 09/2018
- Data as of
- 06/2022
- EIN
- 82-3400062
Organization Overview
Accelerate Change Inc is located in Boston, MA. The organization was established in 2018. According to its NTEE Classification (R22) the organization is classified as: Minority Rights, under the broad grouping of Civil Rights, Social Action & Advocacy and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Accelerate Change 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 06/2022, Accelerate Change Inc generated $15.7m in total revenue. All expenses for the organization totaled $8.3m during the year ending 06/2022. While expenses have increased by 1.0% 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.
Since 2021, Accelerate Change Inc has awarded 12 individual grants totaling $5,871,549. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATING THE PUBLIC, AND ESPECIALLY MINORITY AND UNDERPRIVILEGED MEMBERS OF THE PUBLIC, ON A RANGE OF PUBLIC INTEREST ISSUES INCLUDING ECONOMIC EQUALITY, CRIMINAL JUSTICE, HEALTHCARE, THE ENVIRONMENT, IMMIGRANT INTEGRATION, CHILD DEVELOPMENT, POVERTY, HOMELESSNESS, AND DEMOCRACY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ACCELERATE CHANGE PROGRAM HELPS SOCIAL CHANGE ORGANIZATIONS BUILD THE PEOPLE POWER AND RESOURCES NEEDED TO MAKE THE LASTING INSTITUTIONAL CHANGES NEEDED FOR ALL COMMUNITIES TO THRIVE. IT HELPS ORGANIZATIONS DEVELOP INNOVATIVE WAYS TO ENGAGE THEIR MEMBERS USING LEAN STARTUP METHODOLOGIES AND OTHER STRATEGIES FOCUSED ON SOLVING REAL PROBLEMS AND ENHANCING THE LIVES OF THEIR CONSTITUENTS. ACCELERATE CHANGE ALSO HELPS FUNDERS TEST NEW MODELS FOR LARGE SCALE, FINANCIALLY SUSTAINABLE CITIZEN ORGANIZATIONS BY IDENTIFYING SCALABLE CIVIC VENTURE OPPORTUNITIES, HELPING GRANTEES TEST NEW MODELS FOR BUILDING MEMBERSHIP, AND BUILDING EARNED REVENUE STRATEGIES INTO GRANTMAKING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Johanna Neumann Board Chair | OfficerTrustee | 0.5 | $0 |
Marcia Eldridge Secretary And Treasurer | OfficerTrustee | 0.5 | $0 |
Jon Darnell Director | Trustee | 0.5 | $0 |
Dan Xie Director | Trustee | 0.5 | $0 |
Celeste Meiffren-Swango Director | Trustee | 0.5 | $0 |
Peter Murray President (see Sched O On Compensation) | Officer | 24 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Kw Productions Influencer Strategy And Engagement | 6/29/22 | $280,000 |
Fund For The Public Interest Program, Admin & Fundraising Consult | 6/29/22 | $175,629 |
Thought-full Llc Program Assistance | 6/29/22 | $108,396 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $189,139 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,330,261 |
| Noncash contributions included in lines 1a–1f | $2,549,524 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,519,400 |
| Total Program Service Revenue | $233,565 |
| Investment income | $2,168 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$65,941 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,689,192 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,281,549 |
| 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. | $103,527 |
| Compensation of current officers, directors, key employees. | $20,705 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,495,882 |
| Pension plan accruals and contributions | $43,921 |
| Other employee benefits | $184,566 |
| Payroll taxes | $212,770 |
| 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 | $1,185,430 |
| Advertising and promotion | $608,721 |
| Office expenses | $59,622 |
| Information technology | $43,986 |
| Royalties | $0 |
| Occupancy | $4,443 |
| Travel | $64,159 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,853 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,307 |
| Insurance | $6,101 |
| All other expenses | $0 |
| Total functional expenses | $8,307,837 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,255,113 |
| Savings and temporary cash investments | $2,688,482 |
| Pledges and grants receivable | $500,000 |
| Accounts receivable, net | $274,568 |
| 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 | $5,563 |
| Net Land, buildings, and equipment | $5,230 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $12,728,956 |
| Accounts payable and accrued expenses | $2,588,681 |
| 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 | $2,588,681 |
| Net assets without donor restrictions | $10,140,275 |
| 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 | $12,728,956 |
Grants Awarded
Over the last fiscal year, Accelerate Change Inc has awarded $3,281,549 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
PARENTS TOGETHER FOUNDATION PURPOSE: COMMON PROGRAMMATIC PURPOSES | $600,000 |
PUSHBLACK PURPOSE: COMMON PROGRAMMATIC PURPOSES | $2,681,549 |