Accelerate Institute
- Assets
- $978.3k
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 16
- Location
- Chicago, IL
- Founding
- 03/1992
- Data as of
- 06/2023
- EIN
- 36-3764476
Organization Overview
Accelerate Institute is located in Chicago, IL. The organization was established in 1992. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2023, Accelerate Institute employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Accelerate Institute 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 06/2023, Accelerate Institute generated $2.3m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $2.5m during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (0.7%) per year over the past 8 years. 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
ACCELERATE INSTITUTE IS AN ORGANIZATION DEVOTED TO THE BETTERMENT OF URBAN CHILDREN THROUGH EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACCELERATE INSTITUTE IS AN ORGANIZATION WHOSE MISSION IS TO ENABLE EVERY CHILD TO REACH THEIR FULL POTENTIAL BY PARTNERING WITH HIGH-PERFORMING SCHOOLS TO DRAMATICALLY ACCELERATE STUDENT ACHIEVEMENT. THE INSTITUTE IS ANCHORED BY THE FOLLOWING PROGRAMS: THE SCHOOL ACCELERATOR IS DESIGNED TO TRAIN SCHOOL PRINCIPALS AND THEIR LEADERSHIP TEAM IN HIGH OUTPUT MANAGEMENT STRATEGIES AND TACTICS TO ACCELERATE THE ACADEMIC ACHIEVEMENT OF UNDERPERFORMING SCHOOLS; THE LEADERSHIP ACADEMY PROVIDES PRACTICAL DAY-TO-DAY STRATEGIES TO IMPROVE LEADERSHIP PRACTICE IN SCHOOLS FOR VICE PRINCIPALS, ASSISTANT PRINCIPALS, AND OTHER LEADERSHIP TEAM MEMBERS IN ORDER TO IMPROVE TEACHERS' INSTRUCTIONAL PRACTICE AND POSITIVELY IMPACT ACADEMIC OUTCOMES; AND ALAIN LOCKE CHARTER SCHOOL, THE ORGANIZATION'S SUBSIDIARY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Chairman | OfficerTrustee | 5 | $0 |
Name Not Listed Director | Trustee | 1 | $0 |
Name Not Listed Director | Trustee | 1 | $0 |
Name Not Listed President And Chief Academic Officer | Officer | 40 | $208,926 |
Name Not Listed Vice President And Secretary | Officer | 1 | $52,775 |
Name Not Listed Assistant Treasurer | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $910,509 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,171,906 |
| Noncash contributions included in lines 1a–1f | $97,415 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,082,415 |
| Total Program Service Revenue | $194,790 |
| Investment income | $35,710 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,097 |
| Net Income from Fundraising Events | -$64,713 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,250,299 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,500 |
| 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. | $565,036 |
| Compensation of current officers, directors, key employees. | $13,264 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,269,055 |
| Pension plan accruals and contributions | $23,963 |
| Other employee benefits | $111,846 |
| Payroll taxes | $118,304 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $36,620 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $34,850 |
| Advertising and promotion | $178,626 |
| Office expenses | $25,989 |
| Information technology | $46,700 |
| Royalties | $0 |
| Occupancy | $12,888 |
| Travel | $28,213 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,006 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,076 |
| Insurance | $75,072 |
| All other expenses | $0 |
| Total functional expenses | $2,543,744 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $88,834 |
| Savings and temporary cash investments | $831,102 |
| Pledges and grants receivable | $0 |
| 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 | $30,946 |
| Net Land, buildings, and equipment | $27,404 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $978,286 |
| Accounts payable and accrued expenses | $67,612 |
| Grants payable | $0 |
| Deferred revenue | $52,587 |
| 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 | $120,199 |
| Net assets without donor restrictions | $858,087 |
| 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 | $978,286 |
Grants Awarded
Over the last fiscal year, Accelerate Institute has awarded $235,114 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
ALAIN LOCKE CHARTER SCHOOL PURPOSE: Educational Support | $163,420 |
ACERO CHARTER SCHOOLS INC PURPOSE: Educational Support | $25,000 |
CARMEN MIDDLE SCHOOL PURPOSE: Educational Support | $6,273 |
CIVITAS EDUCATION PARTNERS PURPOSE: Education Support | $15,421 |
STEEL CITY ACADEMY PURPOSE: Educational Support | $25,000 |