Accelerate Change Inc
- Assets
- $7.6m
- Revenue
- $4.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Boston, MA
- Founding
- 09/2018
- Data as of
- 06/2021
- 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
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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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Murray Executive Director (see Sched O On Compensation) | Officer | 30 | $122,979 |
Johanna Neumann President | OfficerTrustee | 0.5 | $0 |
Marcia Eldridge Secretary And Treasurer | OfficerTrustee | 0.5 | $0 |
Jon Darnell Director | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Kw Productions Influencer Strategy And Engagement | 6/29/21 | $148,822 |
Fund For The Public Interest Program, Admin & Fundraising Consult | 6/29/21 | $126,498 |
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 | $4,706,608 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,706,608 |
| Total Program Service Revenue | $22,285 |
| Investment income | $2,437 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,952 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,733,282 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,590,000 |
| 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. | $118,286 |
| Compensation of current officers, directors, key employees. | $23,657 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,339,613 |
| Pension plan accruals and contributions | $25,383 |
| Other employee benefits | $156,134 |
| Payroll taxes | $197,881 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $25,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,189,344 |
| Advertising and promotion | $1,377,409 |
| Office expenses | $66,446 |
| Information technology | $17,959 |
| Royalties | $0 |
| Occupancy | $3,869 |
| Travel | $7,152 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $17,090 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $10,846 |
| All other expenses | $0 |
| Total functional expenses | $8,142,412 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,083,906 |
| Savings and temporary cash investments | $292,142 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $232,474 |
| 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 | $5,395 |
| 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 | $7,613,917 |
| Accounts payable and accrued expenses | $4,665,858 |
| 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 | $189,139 |
| Total liabilities | $4,854,997 |
| Net assets without donor restrictions | $2,573,920 |
| Net assets with donor restrictions | $185,000 |
| 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 | $7,613,917 |
Grants Awarded
Over the last fiscal year, Accelerate Change Inc has awarded $2,590,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
Washington, DC PURPOSE: TO SUPPORT ORGANIZATION'S MISSION | $1,550,000 |
Washington, DC PURPOSE: TO SUPPORT ORGANIZATION'S MISSION | $300,000 |
Washington, DC PURPOSE: TO SUPPORT ORGANIZATION'S MISSION | $250,000 |
San Francisco, CA PURPOSE: TO SUPPORT ORGANIZATION'S MISSION | $70,000 |
Atlanta, GA PURPOSE: TO SUPPORT ORGANIZATION'S MISSION | $70,000 |
St Paul, MN PURPOSE: TO SUPPORT ORGANIZATION'S MISSION | $70,000 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Accelerate Change Inc has recieved totaling $1,863,100.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $943,100 |
Neo Philanthropy Inc New York, NY PURPOSE: Program Grant | $200,000 |
Voter Registration Project Washington, DC PURPOSE: REMOTE PROGRAM | $150,000 |
New Venture Fund Washington, DC PURPOSE: CIVIL RIGHTS, SOCIAL ACTION, ADVOCACY | $150,000 |
Social Impact Fund Los Angeles, CA PURPOSE: General Support | $150,000 |
Borealis Philanthropy Minneapolis, MN PURPOSE: TO SUPPORT THE WORK OF PULSO | $110,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Accelerate Change Inc Boston, MA | $7,613,917 | $4,733,282 |
Asian American Legal Defense And Education Fund New York, NY | $12,813,524 | $6,077,815 |
Cultural Survival Inc Cambridge, MA | $2,943,226 | $4,417,995 |
Hispanic Coalition Of Greater Waterbury Inc Waterbury, CT | $901,622 | $1,730,536 |
Committee Against Anti Asian Violen Ce New York, NY | $3,183,141 | $2,432,140 |
Community Change Inc Boston, MA | $427,779 | $291,921 |
Project Truth And Reconciliation Inc Brooklyn, NY | $193,011 | $372,229 |
The Inclusivity Project Yonkers, NY | $103,582 | $246,722 |
Massachusetts Association Of Minority Law Enforcement Officers Dorchester, MA | $1,036,832 | $217,309 |
Rapid Defense Network Inc New York, NY | $217,351 | $358,793 |
Be More America Inc Brooklyn, NY | $91,402 | $6 |
National Council On Black American Affairs Bronx, NY | $602,649 | $120,412 |