Accelerate 500 Inc, operating under the name 1863 Ventures, is located in Washington, DC. The organization was established in 2018. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, 1863 Ventures employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 1863 Ventures 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, 1863 Ventures generated $5.6m in total revenue. All expenses for the organization totaled $2.8m during the year ending 12/2021. While expenses have increased by 86.5% per year over the past 3 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 2019, 1863 Ventures has awarded 11 individual grants totaling $236,500. 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
A BUSINESS DEVELOPEMENT PROGRAM DESIGNED TO BRIDGE THE GAP BETWEEN ENTREPRENEURSHIP AND EQUITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
1. BEYOND 5 - THE BEYOND 5 CAMPAIGN IS DESIGNED TO PROMOTE AND SUPPORT NEW MAJORITY BUSINESSES TO INCREASE THE LIKELIHOOD OF BUSINESS SUCCESS BEYOND THE TYPICAL FAILURE RATE OF 5 YEARS. THE CAMPAIGN IS COMPRISED OF THREE STRATEGIES:I. NATIONAL SOCIAL MEDIA CAMPAIGNIN AN EFFORT TO CHANGE THE NEGATIVE NARRATIVE AROUND FOUNDERS OF COLOR, WE HAVE INITIATED A SOCIAL MEDIA CAMPAIGN TO PROMOTE NEW MAJORITY FOUNDERS WHO HAVE MADE IT BEYOND 5. OUR GOAL IS TO LEVERAGE OUR SOCIAL MEDIA, AND THAT OF OUR PARTNERS, TO PROMOTE THE SUCCESS STORIES OF NEW MAJORITY ENTREPRENEURS WHO HAVE BEEN RUNNING BUSINESSES BEYOND 5 YEARS. WE WELCOME ANY SELF-NOMINATIONS OR RECOMMENDATIONS FOR ENTREPRENEURS TO PROMOTE IN THE CAMPAIGN; EMAIL US AT INFO@1863VENTURES.NET.II. SURVIVABILITY RESEARCH REPORTTHERE IS A DEARTH OF PRIMARY RESEARCH AND IN-DEPTH ANALYSIS ON WHAT IT TAKES A BUSINESS TO SURVIVE BEYOND 5 YEARS. OUR REPORT WILL COLLECT DATA FROM OVER 1,000 CANDIDATES AND SEEK TO PROVIDE INSIGHT ON KEY INPUTS FOR SURVIVING BEYOND 5 YEARS. WE WILL PROVIDE CASE STUDIES, AS WELL AS OUTLINE AREAS OF OPPORTUNITY FOR ECOSYSTEM BUILDERS, POLICY MAKERS, INVESTORS, AND THE LIKE TO HELP ADVANCE THESE BUSINESSES BEYOND THE "VALLEYS OF DEATH."2. PIPELINE PROGRAM - THE PIPELINE PROGRAM WAS CREATED TO EQUIP FOUNDERS WITH THE PROCESSES, MINDSETS AND GUIDANCE TO ADDRESS THESE CHALLENGES AND RAPIDLY ACCELERATE TOWARDS SCALE. THE AIM OF THE PIPELINE PROGRAM IS TO WORK WITH BUSINESS LEADERS TO IDENTIFY BUSINESS GOALS AND THEN DEVELOP AN ACTIONABLE PLAN TO NOT ONLY TO HELP THEM ACHIEVE THEIR GOALS, BUT TO HELP THEIR BUSINESS BECOME SUSTAINABLE. BY HELPING ENTREPRENEURS BUILD BETTER BUSINESSES, PIPELINE ENABLES COMPANIES TO ATTRACT THE TALENT, CAPITAL AND CONNECTIONS NEEDED FOR LAST GROWTH AND DEVELOPMENT. THE PIPELINE PROGRAM IS FOCUSED ON HELPING ENTREPRENEURS GROW A SUCCESSFUL BUSINESS. THE PROGRAM'S FOCUS IS BEYOND LEARNING HOW TO PITCH AND PRESENT. INSTEAD, TIME IS INTENTIONALLY SPENT ON SUPPORTING BUSINESSES ON A PATH TO MATURITY. ENTREPRENEURS COMPLETING THE PROGRAM WILL HAVE A MORE INVESTMENT-READY BUSINESS AND TRULY UNDERSTAND WHY AND HOW TO DEPLOY FUTURE FINANCINGS.3. HERIMPACT - HERIMPACT IS DESIGNED TO HELP FEMALE SOCIAL ENTREPRENEURS SCALE THEIR ENTERPRISES IN ORDER TO INCREASE THEIR IMPACT AND LONG-TERM SUSTAINABILITY. THE PROGRAM WAS INITIATED IN THE FALL OF 2018. THE INITIATIVE IS COMPRISED OF AN ENTREPRENEURSHIP SUMMIT, WHICH IS DESIGNED TO BUILD COMMUNITY AND INCREASE THE CAPACITY OF FEMALE SOCIAL ENTREPRENEURS THROUGH ADVICE FROM EXPERTS, ONLINE TOOLS AND NETWORKING. THE INITIATIVE ALSO INCLUDES A PITCH COMPETITION, DESIGNED TO INVEST IN EARLY AND GROWTH STAGE COMPANIES IN THE REGION.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Melissa Bradley Managing Partner | OfficerTrustee | 1 | $220,833 |
Jenn Flynn Chair | OfficerTrustee | 1 | $0 |
Graham Mclaughlin Vice Chair | OfficerTrustee | 1 | $0 |
Rustin Brown Director | Trustee | 1 | $0 |
Vonetta Young Director | Trustee | 1 | $0 |
Marissa Mahoney Director | Trustee | 1 | $0 |
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 | $5,207,435 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $5,207,435 |
Total Program Service Revenue | $399,000 |
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 | $5,606,811 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $540,000 |
Grants and other assistance to domestic individuals. | $15,000 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $220,833 |
Compensation of current officers, directors, key employees. | $83,673 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $196,158 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $14,340 |
Payroll taxes | $31,526 |
Fees for services: Management | $0 |
Fees for services: Legal | $17,260 |
Fees for services: Accounting | $80,636 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $1,247,831 |
Advertising and promotion | $30,006 |
Office expenses | $24,386 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $208,515 |
Travel | $30,496 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $45,208 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $5,182 |
All other expenses | $0 |
Total functional expenses | $2,826,680 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $4,344,918 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $403,000 |
Accounts receivable, net | $0 |
Loans from Officers, Directors, or Controlling Persons | $1,530 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $16,221 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $95,674 |
Total assets | $4,861,343 |
Accounts payable and accrued expenses | $98,651 |
Grants payable | $0 |
Deferred revenue | $178,000 |
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 | $31,280 |
Total liabilities | $307,931 |
Net assets without donor restrictions | $4,553,412 |
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 | $4,861,343 |
Over the last fiscal year, Accelerate 500 Inc has awarded $45,000 in support to 3 organizations.
Grant Recipient | Amount |
---|---|
SOLLULAR CONNECTIONS LLC PURPOSE: HERImpact KC pitch competition | $25,000 |
KUFUKAA LLC PURPOSE: HERImpact KC pitch competition | $12,500 |
CRIB COACHING LLC PURPOSE: HERImpact KC pitch competition | $7,500 |
Over the last fiscal year, we have identified 7 grants that Accelerate 500 Inc has recieved totaling $1,092,000.
Awarding Organization | Amount |
---|---|
Rockefeller Foundation New York, NY PURPOSE: TOWARD THE COSTS OF PROVIDING TARGETED, COMPETITIVE CAPITAL WITH CONTEXTUAL TECHNICAL ASSISTANCE TO LATINX AND BLACK ENTREPRENEURS IN CITIES ACROSS THE U.S. TO HELP THEM NAVIGATE UNCERTAINTY RELATED TO THE COVID-19 PANDEMIC AND TO OVERCOME PERSISTENT STRUCTURAL BARRIERS RELATED TO RACE AND GENDER | $500,000 |
Rockefeller Foundation New York, NY PURPOSE: IN SUPPORT OF PROVIDING TARGETED, COMPETITIVE CAPITAL WITH CONTEXTUAL TECHNICAL ASSISTANCE TO LATINX AND BLACK ENTREPRENEURS IN BALTIMORE, MD AND JACKSON, MS TO HELP THEM NAVIGATE UNCERTAINTY RELATED TO THE COVID-19 PANDEMIC AND TO OVERCOME PERSISTENT STRUCTURAL BARRIERS RELATED TO RACE AND GENDER | $197,000 |
Ford Motor Co Fund Dearborn, MI PURPOSE: MULTI-CULTURAL | $150,000 |
Ewing Marion Kauffman Foundation Kansas City, MO PURPOSE: SUPPORT FOR 1863 VENTURE'S GAME ON! PROGRAM WITH THE WOMEN'S NATIONAL BASKETBALL ASSOCIATION PLAYERS ASSOCIATION IN NOVEMBER AND DECEMBER OF 2021. 202107-11007 | $100,000 |
Aarp Washington, DC PURPOSE: Sponsorship of the HBCU Student Entrepreneur and New Majority Pitch Competitions | $85,000 |
Ewing Marion Kauffman Foundation Kansas City, MO PURPOSE: SUPPORT FOR 1863 VENTURE'S CONSUMER BRAND TAKEOVER FIRESIDE CHAT WITH MAXINE CLARK ON JUNE 3, 2021. 202104-10467 | $30,000 |
Organization Name | Assets | Revenue |
---|---|---|
Garrett County Maryland Community Action Committee Inc Oakland, MD | $23,823,939 | $14,024,119 |
Strong City Baltimore Baltimore, MD | $3,607,626 | $14,803,870 |
Visit Baltimore Inc Baltimore, MD | $13,591,522 | $23,022,151 |
Allegany County Human Resources Development Commission Inc Cumberland, MD | $11,830,782 | $13,688,639 |
Fusion Partnerships Inc Baltimore, MD | $7,468,833 | $16,079,107 |
Maryland Rural Development Corporation Annapolis, MD | $2,490,801 | $9,297,615 |
Religious Coalition For Emergency Human Needs In Frederick County Frederick, MD | $4,940,518 | $9,853,659 |
Stand For America Inc Washington, DC | $2,847,990 | $8,607,198 |
National Association Of Professional Employer Organization Alexandria, VA | $9,490,281 | $8,665,299 |
Virginia Beach Community Development Corporation Virginia Beach, VA | $35,346,329 | $7,614,457 |
Clinch Valley Community Action Inc North Tazewell, VA | $3,516,619 | $7,158,606 |
New River Community Action Inc Radford, VA | $2,771,237 | $7,058,582 |