Overview
What is The Acceleration Project Inc?
The Acceleration Project Inc, based in Scarsdale, New York, is a nonprofit organization that focuses on revitalizing local economies. Their mission is twofold: to offer strategic and practical guidance to boost the growth of small businesses, especially those owned by women and people of color, and to empower professional women to make a significant impact in their communities while enhancing their skills. They achieve this through their scalable platform, which provides expert advice in specific areas of need within the small business ecosystem. This service can be delivered through individual sessions, large group gatherings, or one-on-one interactions, ensuring their knowledge reaches a wide audience. The organization employs a team of 16 individuals, dedicated to their mission.
Official website here: www.theaccelerationproject.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87% (Three-Star out of Four Stars)
The Acceleration Project Inc has earned a solid Three-Star rating from Charity Navigator, indicating strong performance in accountability and finance. With a remarkable score of 93% in this area, the organization demonstrates exemplary governance practices, such as a fully independent board and robust financial oversight. However, the absence of a whistleblower policy and document retention procedures has been noted as a gap that could improve their operational transparency.
In terms of program expenses, the charity allocates 61.56% of its budget toward programs, which is a reasonable commitment but falls short compared to higher-rated organizations. Nonetheless, its fundraising efficiency is commendable, generating 78 cents for every dollar spent on fundraising, which reflects effective resource utilization in generating support for its mission.
On the cultural side, The Acceleration Project Inc shines with a perfect score in culture and community engagement. The organization excels in collecting and utilizing feedback from stakeholders, demonstrating a commitment to responsive and adaptive practices. This holistic approach ensures that it remains aligned with the needs of those it serves, although enhancing its financial practices could further elevate its overall impact.
This AI summary has been generated from information found on Charity Navigator.
Is The Acceleration Project Inc legitimate?
The Acceleration Project Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Acceleration Project Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $319,148
Professional Fundraising Fees: $0
Other Salaries and Wages: $554,327
For more financial information, click here
Official website here: www.theaccelerationproject.org
What is the mission statement of The Acceleration Project Inc?
The Acceleration Project Inc's mission is to contribute to the vitality of local economies by offering strategic and tactical guidance to accelerate the growth of small businesses, particularly those owned by women and people of color. Additionally, the organization aims to empower professional women to make a significant impact in their communities while advancing their skills. This is achieved through a scalable platform, providing expertise in specific areas of need within the small business ecosystem to larger audiences, either in group settings or one-on-one engagements.
Official website here: www.theaccelerationproject.org
Who is the CEO of The Acceleration Project Inc?
Jane Veron is the Chief Growth of The Acceleration Project Inc.
Official website here: www.theaccelerationproject.org
What is the revenue of The Acceleration Project Inc?
The Acceleration Project Inc's revenue in 2022 was $2,068,944.
Official website here: www.theaccelerationproject.org
Who are the executives of The Acceleration Project Inc and what are their salaries?
The average compensation at The Acceleration Project Inc during 2022 was $54,592. There are 16 employees and 196 volunteers at The Acceleration Project Inc.
Here are 12 key members and their salaries:
- Compensation: $93,474
- Related: $0
- Other: $0
- Compensation: $78,902
- Related: $0
- Other: $5,700
- Compensation: $65,600
- Related: $0
- Other: $0
- Compensation: $40,454
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.theaccelerationproject.org
Where can I find the form 990 for The Acceleration Project Inc?
The Acceleration Project Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.theaccelerationproject.org
Learn more at the official website: www.theaccelerationproject.org
Mission Statement of The Acceleration Project Inc
The Acceleration Project Inc is committed to bolstering the vitality of local economies by offering strategic and tactical guidance to accelerate the growth of small businesses, with a particular focus on enterprises owned by women and individuals of color. This nonprofit organization aims to empower professional women, encouraging them to make a significant impact in their communities while furthering their skills. Through a scalable platform and programming, The Acceleration Project is capable of providing expertise in specific areas of need within the small business ecosystem to larger audiences. This encompasses the creation and delivery of content, which can be disseminated through large group settings or individual engagements.
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Impact
July, 2024
The Acceleration Project Inc's impact is evident in its strategic and tactical support to accelerate small business growth, particularly focusing on businesses owned by women and people of color. By providing expertise and scalable programming, The Acceleration Project empowers these businesses to thrive, contributing to the vitality of local economies. Additionally, the organization empowers professional women to make a meaningful impact in the community while advancing their skills, fostering a more inclusive and prosperous business environment. Through its efforts, The Acceleration Project is driving positive change and driving community improvement.
This information is meant to be a general summary of The Acceleration Project Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $3,376
- Program Service Revenue: $828,420
- Gross Receipts: $2,068,944
Assets and Liabilities:
- Total Assets: $2,266,769
- Total Liabilities: $100,566
- Net Assets: $2,166,203
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TAP PROJECT
Revenue
$775,595
STRATEGIC ADVISORY PROGRAM
Revenue
$52,825
Organization Details
Founding Year
2012
Phone
(914) 786-2131Principal Officer
Jane Veron
Main Address
PO BOX 335, SCARSDALE, NY, 10583
NTEE Category
Code: S40 - Community improvement
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