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Xcelerate Women

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 821200543 ✦ Portland, OR ✦ Designated as a 501(c)(3)

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Overview

What is Xcelerate Women?

Xcelerate Women is a nonprofit organization based in Oregon, dedicated to empowering female entrepreneurs. Their mission involves offering business support, educational resources, and funding pathways to help these women grow their ventures. They connect them with essential resources and peer networks, aiming to foster their professional development and profitability. Through supportive services, Xcelerate Women aims to uplift and champion the success of women entrepreneurs in Oregon.


Official website here: www.xceleratewomen.org/

What are the reviews and ratings of this charity?

Charity Navigator Rating: 97%, Four-Star out of Four Star rating.

Xcelerate Women has achieved an impressive 97% score on Charity Navigator, reflecting a strong commitment to Accountability & Finance. This rating is derived from a comprehensive assessment of various governance and financial metrics, indicating a high level of transparency and responsible management of resources. The organization has a full complement of independent board members, signifying robust oversight.

The nonprofit excels in maintaining an ethical framework, as evidenced by the implementation of a conflict of interest policy, whistleblower protection, and a document retention policy. Additionally, there is no indication of material diversion of assets, which further emphasizes its integrity in operations. With a program expense ratio of 81.58%, Xcelerate Women demonstrates a commendable focus on directing funds toward its mission.

While the data highlights significant strengths, it does not delve into qualitative aspects such as program impact or community feedback, which are also essential in evaluating a nonprofit's effectiveness. Nonetheless, the financial health and governance practices showcased by Xcelerate Women position it as a trustworthy choice for potential donors and supporters.


This AI summary has been generated from information found on Charity Navigator.

Is Xcelerate Women legitimate?

Xcelerate Women is a legitimate nonprofit organization registered as a 501(c)(3) entity. Xcelerate Women 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: $114,923
Professional Fundraising Fees: $0
Other Salaries and Wages: $88,252

For more financial information, click here


Official website here: www.xceleratewomen.org/

What is the mission statement of Xcelerate Women?

Xcelerate Women is an organization dedicated to supporting female entrepreneurs in Oregon. Their mission is to provide business assistance, educational resources, and opportunities for funding. They aim to help these entrepreneurs grow their businesses, connect with necessary resources, and scale profitably. Additionally, Xcelerate Women offers peer support and serves as a platform for women entrepreneurs to access funding, thereby fostering their professional development.


Official website here: www.xceleratewomen.org/

Who is the CEO of Xcelerate Women?

Amy Jermain is the Executive Director of Xcelerate Women.


Official website here: www.xceleratewomen.org/

What is the revenue of Xcelerate Women?

Xcelerate Women's revenue in 2022 was $472,454.


Official website here: www.xceleratewomen.org/

Who are the executives of Xcelerate Women and what are their salaries?

The average compensation at Xcelerate Women during 2022 was $50,794. There are 4 employees and 5 volunteers at Xcelerate Women.


Here are 8 key members and their salaries:


Amy Jermain (Executive Director)
  • Compensation: $114,923
  • Related: $0
  • Other: $0
Katia Alcantar (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Joseph (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tracy T Miller (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gloria Coleman (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Melanie Marconi (Board Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lauren Meyer (Board Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ronesha Hayes (Board Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.xceleratewomen.org/

Where can I find the form 990 for Xcelerate Women?

Xcelerate Women's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.xceleratewomen.org/

Learn more at the official website: www.xceleratewomen.org/

Mission Statement of Xcelerate Women

Xcelerate Women, a nonprofit organization, is dedicated to empowering women entrepreneurs in Oregon. Their mission is multifaceted, focusing on providing business support, education, and pathways to funding. They aim to help these entrepreneurs grow their businesses, connect with valuable resources, and scale profitably. Furthermore, Xcelerate Women offers peer support, enabling these women to network and learn from one another's experiences. Their ultimate goal is to foster the success of women entrepreneurs in Oregon, ensuring they have the necessary tools and resources to thrive in their respective industries. Additionally, Xcelerate Women provides funding opportunities, offering a financial boost to eligible women-owned businesses, thereby helping them scale their operations effectively.

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Impact




July, 2024

Xcelerate Women's impact is focused on providing business support, education, and pathways to funding for Oregon women entrepreneurs. They help these entrepreneurs grow their businesses, connect with resources and peer support, and scale profitably. By offering supportive services and funding opportunities, Xcelerate Women is making a significant contribution to the growth and success of women entrepreneurs in Oregon.




This information is meant to be a general summary of Xcelerate Women. 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.

Revenue
$472,454 (2022)
Expenses
$372,530 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $4
  • Program Service Revenue: $12,888
  • Gross Receipts: $472,454

Assets and Liabilities:

  • Total Assets: $246,571
  • Total Liabilities: $0
  • Net Assets: $246,571

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Educational Programs

Revenue

$12,888

Organization Details

Founding Year

2017

Principal Officer

Amy Jermain

Main Address

401 NE 19th Ave STE 200, Portland, OR, 97232

NTEE Category

Code: S30 - Community improvement

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