New Left Accelerator
- Assets
- $946.7k
- Revenue
- $993.2k
- Investments
- $0.0
- Employees
- 5
- Location
- Alameda, CA
- Founding
- 09/2019
- Data as of
- 12/2021
- 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 12/2021, New Left Accelerator employed 5 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 12/2021, New Left Accelerator generated $993.2k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 31.6% each year . All expenses for the organization totaled $758.6k during the year ending 12/2021. 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
2021
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
THE NEW AMERICAN MAJORITY ACCELERATOR WAS AN 18 MONTH PROGRAM THAT PROVIDED IN-DEPTH SUPPORT TO LEADERS OF COLOR ORGANIZING THEIR COMMUNITIES TO SCALE THEIR WORK. THE COHORT MEMBERS RAN SOME OF THE MOST EFFECTIVE PROGRAMS MOBILIZING WOMEN, YOUNG PEOPLE, AND COMMUNITIES OF COLOR IN THE NATION.
NLA RUNS AN IN-DEPTH, CAPACITY-BUILDING ACCELERATOR PROGRAM AND TECHNICAL ASSISTANCE PROGRAM FOR PROGRESSIVE ORGANIZATIONS INTEREST IN MAXIMIZING IMPACT AND POWER. THIS PROGRAM OVERSEES OUR LEARNING AND DEVELOPMENT OF RESOURCES, TOOLS, AND SUPPORT AROUND STRATEGIC PLANNING, ORGANIZATIONAL DEVELOPMENT, FINANCIAL, AND LEGAL COMPLIANCE ASSISTANCE FROM A DIVERSE POOL OF CONSULTANTS AND MENTORS ALL OF WHOM ARE EXPERIENCED IN WORKING WITH MULTIPLE LEGAL ENTITIES.
NLA PROVIDES HANDS-ON TECHNICAL ASSISTANCE INCLUDING ORGANIZATIONAL ASSESSMENT, REFERRALS TO CAREFULLY VETTED EXPERTS, CONNECTIONS TO OTHER IN THE FIELD, AND ACCESS TO TRAINING AND OTHER RESOURCES. WE OFFER THESE SERVICES IN 30 OR 60-MINUTE, ONE-ON-ONE APPOINTMENTS EACH WEEK. THIS YEAR NLA ALSO PARTNERED WITH ORGANIZATION IN ARIZONA, GEORGIA, AND WISCONSIN TO PROVIDE TECHNICAL ASSISTANCE TO GROUPS AROUND STATE SPECIFIC SOLUTIONS, RESOURCES AND INFRASTRUCTURE TO MEET THE UNIQUE NEEDS OF MULTI ENTITY ORGANIZATIONS IN THOSE 3 STATES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deborah Barron Executive Dir. | OfficerTrustee | 40 | $118,150 |
Jennifer Cheyne Secretary | OfficerTrustee | 40 | $108,750 |
Toby Rubin Chairman | OfficerTrustee | 1 | $0 |
Shruti Garg Treasurer | OfficerTrustee | 1 | $0 |
Maya Thornell Sandifor Chairwoman | OfficerTrustee | 1 | $0 |
Mera Granberg Paul Member | Trustee | 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 | $785,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $785,000 |
| Total Program Service Revenue | $208,189 |
| 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 | $993,189 |
| 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. | $226,900 |
| Compensation of current officers, directors, key employees. | $23,825 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $97,324 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $10,833 |
| Payroll taxes | $27,835 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,349 |
| Fees for services: Accounting | $23,628 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $813 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $217,466 |
| Advertising and promotion | $83,779 |
| Office expenses | $0 |
| Information technology | $34,324 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,740 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $230 |
| Insurance | $8,230 |
| All other expenses | $30 |
| Total functional expenses | $758,604 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $883,118 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $63,362 |
| 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 | $203 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $946,683 |
| Accounts payable and accrued expenses | $18,915 |
| 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 | $18,915 |
| Net assets without donor restrictions | $507,105 |
| Net assets with donor restrictions | $420,663 |
| 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 | $946,683 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that New Left Accelerator has recieved totaling $975,000.
| Awarding Organization | Amount |
|---|---|
Heising-Simons Action Fund Los Altos, CA PURPOSE: FOR CAPACITY BUILDING SUPPORT AND TECHNICAL ASSISTANCE TO HEISING SIMONS ACTION FUND GRANTEES | $400,000 |
Open Society Policy Center Inc New York, NY PURPOSE: SUPPORT POLICY ADVOCACY | $350,000 |
Neo Philanthropy Action Fund Inc New York, NY PURPOSE: Program Grant | $225,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
X Prize Foundation Inc Culver City, CA | $103,691,143 | $19,767,291 |
The Silicon Valley Leadership Group San Jose, CA | $2,543,917 | $5,464,821 |
Womens Economic Ventures Santa Barbara, CA | $6,923,998 | $3,164,689 |
Servant Partners Inc Pomona, CA | $2,786,122 | $3,584,340 |
Coro Northern California Inc San Francisco, CA | $5,285,629 | $5,565,870 |
Search Inside Yourself Leadership Institute San Francisco, CA | $1,133,010 | $2,916,098 |
Greater Phoenix Leadership Inc Phoenix, AZ | $3,109,193 | $2,958,052 |
Great Minds In Stem Los Angeles, CA | $3,658,406 | $2,728,420 |
Capaces Leadership Institute Woodburn, OR | $1,447,498 | $2,526,401 |
Be A Leader Foundation Phoenix, AZ | $3,748,674 | $2,907,092 |
Arizona Trail Association Tucson, AZ | $690,016 | $1,173,659 |
Coro Southern California Inc Los Angeles, CA | $3,377,482 | $1,821,827 |