2024-10-10T11:59:12-07:00 2023-12-31 473812099 Kevin Wong CPA 301 E foothill blvd ste 202 arcadia CA 91006 990 2023-01-01 843378272 LONG BEACH ACCELERATOR INC LONG 3109908524 245 E THIRD ST LONG BEACH CA 90802 RAGAN ROBERTSON Treasurer 2024-10-10 true true Kevin Wong P01421794 6262474339 X 2023 2024-10-15 13:58:12Z RAGAN ROBERTSON 245 E THIRD ST LONG BEACH CA 90802 415792 false X WWW.LBACCELERATOR.ORG X 2019 CA LONG BEACH ACCELERATOR WAS FORMED FOR THE PURPOSE OF PERFORMING ALL THINGS INCIDENTAL TO, OR APPROPRIATE IN, THE ACHIEVEMENT OF THE FOLLOWING SPECIFIC AND PRIMARY MISSION TO ACCELERATE EARLY STATE STARTUPS WITH SEED FUNDING, MENTORSHIP, AND EXIT STRATEGY. THE VISION OF THE LONG BEACH ACCELERATOR IS TO MAKE LONG BEACH A DESTINATION OF CHOICE FOR EARLY STAGE STARTUPS. 11 10 4 40 0 57500 150000 308250 238961 15 0 26831 365765 415792 0 0 371504 296673 0 0 116762 98402 488266 395075 -122501 20717 123362 107462 249185 212568 -125823 -105106 LONG BEACH ACCELERATOR WAS FORMED FOR THE PURPOSE OF PERFORMING ALL THINGS INCIDENTAL TO, OR APPROPRIATE IN, THE ACHIEVEMENT OF THE FOLLOWING SPECIFIC AND PRIMARY MISSION TO ACCELERATE EARLY STATE STARTUPS WITH SEED FUNDING, MENTORSHIP, AND EXIT STRATEGY. THE VISION OF THE LONG BEACH ACCELERATOR IS TO MAKE LONG BEACH A DESTINATION OF CHOICE FOR EARLY STAGE STARTUPS. false false 287436 238961 THE LONG BEACH ACCELERATOR IS A 4-MONTH PROGRAM BROKEN UP INTO TWO PHASES. FOR THE FIRST THREE MONTHS, THERE ARE WEEKLY WORKSHOPS AND MENTORSHIP FOCUSED ON DETERMINING MARKET FIT, BUSINESS STRATEGY AND DEVELOPMENT AND SALES AND MARKETING. THE FINAL MONTH OF THE PROGRAM IS FOCUSED ON DEVELOPING AN EXIT STRATEGY AND PREPARING FOR DEMO DAY TO SECURE ADDITIONAL SEED FUNDING FOR CONTINUED GROWTH AND EXPANSION. 287436 true true false false false false false false false false false false false false true false false false false false false false false false false false false false false true false false false true false false false false false false false false false false false false false true 8 0 true 4 false false false false false false false false 0 false false false false false false false X 11 10 false false false false false false false false false false false false true true true false false false false false CA X X X SANTHOSH DEVATI 3109908524 245 E THIRD ST LONG BEACH CA 90802 ANDREA WHITE-KJOSS Executive Dir. 40.00 0.00 X 170445 0 0 VIVIAN SHIMOYAMA Chairman 7.00 0.00 X X 0 0 0 BRENDA WUNSCH VICE CHAIR 4.00 0.00 X X 0 0 0 SANTHOSH DEVATI Treasurer 4.00 0.00 X X 0 0 0 RAGAN ROBERTSON Secretary 4.00 0.00 X X 0 0 0 WADE MARTIN Director 5.00 0.00 X 0 0 0 WALTER LARKINS Director 1.00 0.00 X 0 0 0 CHRIS HALLIWELL Director 2.00 0.00 X 0 0 0 SUE MALONE Director 2.00 0.00 X 0 0 0 PAYAL KAMDAR Director 2.00 0.00 X 0 0 0 JOHN KEISLER Director 1.00 0.00 X 0 0 0 ROD RIGOLE Director 1.00 0.00 X 0 0 0 170445 1 false true false 0 150000 150000 PROGRAM REVENUE 230461 230461 SPONSORSHIPS 8500 8500 238961 0 0 0 0 0 0 0 0 OTHER INCOME - AP FORGIVEN 19331 19331 OTHER INCOME - LOAN FORGIVEN 7500 7500 26831 415792 265792 0 0 0 0 170445 136356 34089 0 93184 74547 18637 0 11570 9256 2314 21474 17179 4295 12850 12850 0 12606 12606 0 0 0 2641 2641 0 586 586 11364 11364 0 15852 12682 3170 602 602 0 0 430 430 0 0 10934 8747 2187 PROGRAM EXPENSES 25564 25564 MARKETING 2360 1888 472 PAYROLL PROCESSING 1221 977 244 BANK FEES 1042 1042 350 240 110 395075 287436 107639 0 66066 83430 31895 11409 0 22668 1868 0 0 0 0 2733 10755 0 0 0 0 0 0 123362 107462 22043 3700 200000 192500 27142 16368 249185 212568 X -125823 -105106 -125823 -105106 123362 107462 20717 X false false false X 50000 57500 150000 257500 2500 328124 272250 238961 841835 0 0 0 2500 378124 329750 388961 1099335 0 45000 145000 190000 45000 145000 190000 909335 0 0 0 26831 26831 2500 378124 329750 415792 1126166 X 0.00000 0.00000 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED ACCRUED EXPENSES 1200 ACCRUED INTEREST 5184 PAYROLL LIABILITIES 9984 16368 true X X false false false true false true false false false ANDREA WHITE-KJOSS Executive Dir. 108465 61980 170445 Part III, Additional Information THE EXECUTIVE DIRECTORS ANNUAL COMPENSATION INCLUDED PERFORMANCE BASED COMPENSATION BASED ON THE AMOUNT OF SERVICE FEES AND PROGRAM REVENUE GENERATED BY THE ORGANIZATION. JOHN KEISLER-SUNSTONE DIRECTOR OPERATIONS X 200000 192500 false false false 192500 Form 990, Part VI, Section B, Line 11b FORM 990 WAS REVIEWED BY THE EXECUTIVE DIRECTOR AND TREASURER PRIOR TO FILING WITH THE IRS. Form 990, Part VI, Section B, Line 12c EACH MEMBER OF THE BOARD OF DIRECTORS ANNUALLY REVIEWS THE CONFLICT OF INTEREST POLICY, DISCLOSES ANY POTENTIAL CONFLICTS, AND SIGNS THEIR ADHERENCE TO THE POLICY. Form 990, Part VI, Section C, Line 18 FORM 990 IS AVAILABLE THROUGH WWW.GUIDESTAR.ORG Form 990, Part VI, Section C, Line 19 DOCUMENTS ARE AVAILABLE UPON REQUEST.