Accelerate 500 Inc
Accelerate 500 inc. Is a business development program deesigned to bridge the gap between entrepreneurship and equity. Our programs seek to accelerate new majority entrepeneurs from high potential to high growth. Our vision is to create $100 billion of new wealth and economic power for and by the new majority. The firm provides several programs designed to support various stages in the lifecycle to include early-stage and growth-stage.
Accelerate 500 Inc at a glance
In short: Accelerate 500 Inc reported $70K in grants paid in 2024 (a total; its filing lists no individual grants). Source: 2024 IRS Form 990.
- Grants paid (2024)
- $69,987 — reported as a total on the IRS filing, without an itemized list
- -54.8% vs 2023
- Total assets
- $5,228,978
- -18.7% vs 2023
- Revenue (2024)
- $2,436,835
- -20.9% vs 2023
- Net investment income (2024)
- $26,249
- Expenses (2024)
- $4,189,334
- -8.7% vs 2023
- Latest 990 filing
- Form 990, 2024 View filing
Data from IRS Form 990, 2024; updated September 2026.
Who Accelerate 500 Inc funds
How this funder distributes its grants
Grant Size Distribution
93 grants across all recorded years
The most common grant size was under $50K: 91 grants of 93 (98%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
How Accelerate 500 Inc gives
- Giving held roughly steady from 2020 to 2023 (+6%). Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $45K (2021) to $397K (2022). In 2024 it reported $70K in grants paid, as a total without an itemized list.
Hatched bars: grants paid as reported on the IRS filing, which lists no individual grants for that year.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Femly Corporation | Business Continuity | $50,000 |
| Tirza Design LLC | Business Continuity | $27,500 |
| The Lab Drawer LLC | Business Continuity | $25,000 |
| Black Girl Mathgic | Business Continuity | $20,000 |
| KC Can Compost | Business Continuity | $12,500 |
| Parami LLC | Business Continuity | $10,000 |
| Smart Fence Company LLC | Business Continuity | $10,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2024 | $5,228,978 | $2,436,835 | $4,189,334 | $69,987 | Total only | $26,249 |
| 2023 | $6,429,966 | $3,081,284 | $4,588,079 | $155,000 | 7 | — |
| 2022 | $8,379,905 | $6,555,531 | $4,506,128 | $397,000 | 77 | — |
| 2021 | $4,861,434 | $5,606,902 | $2,826,680 | $45,000 | 3 | — |
| 2020 | $2,491,815 | $2,780,743 | $1,353,745 | $146,500 | 6 | — |
"Total only": grants paid as reported on the IRS filing, which lists no individual grants for that year.
About Accelerate 500 Inc
Based on IRS filings
Accelerate 500 Inc is a public charity focused on Community Improvement & Capacity Building, based in Washington, DC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $5.2M in total assets. In 2024, it reported $70K in grants paid as a total on its IRS filing, without an itemized list. Net investment income was $26K.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Accelerate 500 Inc is led by Jenn Flynn, Chair since 2021 (on filings since 2020); 1 of 7 officers listed in 2024 is compensated.
Officers on the 2024 filing
Jenn Flynn
Chair
Director → Chair, 2021
On filings since 2020
1 hr/week
No compensation reported
Aerica Shimizu Banks
Director
On filings since 2020
1 hr/week
No compensation reported
Marissa Mahoney
Director
On filings since 2020
1 hr/week
No compensation reported
Rustin Brown
Director
On filings since 2020
1 hr/week
No compensation reported
Vonetta Young
Director
On filings since 2020
1 hr/week
No compensation reported
Melissa Bradley
Managing Partner
On filings since 2020
1 hr/week
$150K (2020) → $368K (2024)
Graham McLaughlin
Vice Chair
Director → Vice Chair, 2021
On filings since 2020
1 hr/week
No compensation reported
Former officers (1)
- Former: Art Stevens (2020) — Senior Partner
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $368K, to Melissa Bradley (Managing Partner).
Frequently asked questions about Accelerate 500 Inc
How much does Accelerate 500 Inc give each year?
Accelerate 500 Inc reported $70K in grants paid in 2024 on its 2024 IRS Form 990, as a total without an itemized list of grants. In 2023 it gave $155K across 7 grants.
How large is Accelerate 500 Inc?
Accelerate 500 Inc reported $5.2M in total assets on its 2024 IRS Form 990. Its revenue that year was $2.4M.
What is Accelerate 500 Inc?
Accelerate 500 Inc is a public charity focused on Community Improvement & Capacity Building, based in Washington, DC. It holds $5.2M in total assets as of 2024.
Where does Accelerate 500 Inc operate?
Accelerate 500 Inc has awarded grants in California, District of Columbia, Florida, Georgia, Iowa, Idaho, Kansas, Kentucky, Massachusetts, Maryland, Minnesota, Missouri, Mississippi, North Carolina, New Jersey, Nevada, New York, Texas, Virginia.
What is Accelerate 500 Inc's EIN?
Accelerate 500 Inc's EIN (Employer Identification Number) is 82-4059664. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(5)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS November 15, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS October 19, 2023)
- Updated Form 990 for fiscal year 2022 (received by the IRS December 23, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS June 23, 2025)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Accelerate 500 Inc funds
Community Improvement & Capacity Building Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in Accelerate 500 Inc's focus areas in our free grants database
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