2025-03-17T16:38:10-05:00 2023-12-31 541517420 WALL EINHORN & CHERNITZER PC 150 W MAIN ST SUITE 1200 NORFOLK VA 23510 990 2023-01-01 823232312 757 ACCELERATE INC 757A 8043661535 400 GRANBY ST 115 NORFOLK VA 23510 PAUL NOLDE MANAGING DIRECTOR 8043661535 2025-02-21 1 0 PAUL G DINARDO P00173186 7576254700 2025-02-21 2023 2025-03-06 01:10:19Z PAUL NOLDE 400 GRANBY ST 115 NORFOLK VA 23510 1566357 0 X 757ACCELERATE.ORG X 2017 VA 757 ACCELERATE IS A NON-PROFIT STARTUP ACCELERATOR AND INCUBATOR PROGRAM. OUR MISSION IS TO PROVIDE STARTUPS WITH THE CUSTOMIZED RESOURCES AND CAPITAL THEY NEED TO GROW. WE BOOST PROMISING STARTUPS TOWARDS CUSTOMER TRACTION AND REVENUE USING THEIR OWN NETWORK OF MENTORS, INVESTORS, SUPPORT SERVICE, WORKING SPACE, AND A LEAN STARTUP EDUCATION. OUR VALUES ARE ENTREPRENEURS-FIRST, GIVE BEFORE YOU GET, AND A LONG-TERM COMMITMENT TO HELPING STARTUPS DO MORE, FASTER. 11 9 5 259 0 0 1564099 1566335 0 0 24 22 0 0 1564123 1566357 105000 134000 0 0 609148 629180 0 0 0 620490 616128 1334638 1379308 229485 187049 821015 976372 78396 46704 742619 929668 X 757 ACCELERATE IS A NON-PROFIT STARTUP ACCELERATOR AND INCUBATOR PROGRAM. OUR MISSION IS TO PROVIDE STARTUPS WITH THE CUSTOMIZED RESOURCES AND CAPITAL THEY NEED TO GROW. WE BOOST PROMISING STARTUPS TOWARDS CUSTOMER TRACTION AND REVENUE USING THEIR OWN NETWORK OF MENTORS, INVESTORS, SUPPORT SERVICE, WORKING SPACE, AND A LEAN STARTUP EDUCATION. OUR VALUES ARE ENTREPRENEURS-FIRST, GIVE BEFORE YOU GET, AND A LONG-TERM COMMITMENT TO HELPING STARTUPS DO MORE, FASTER. 0 0 485033 134000 87792 757 ACCELERATE757 ACCELERATE RECEIVED 160 APPLICATIONS FOR 7 SPOTS IN THE ACCELERATOR PROGRAM. OF THE 7 COMPANIES, TWO HAD A MINORITY FOUNDER AND FOUR HAD A FEMALE FOUNDER. 757 ACCELERATE ENGAGED OVER 50 MENTORS WHO SPENT 500 HOURS WITH THE 9 FOUNDERS. TO DATE, OUR ALUMNI COMPANIES HAVE CREATED OVER 500 JOBS, GENERATED $27 MILLION IN LIFETIME REVENUE, RAISED A TOTAL OF $90 MILLION IN INVESTMENT CAPITAL, AND RECEIVED OVER $15 MILLION IN GRANTS, LOANS, SBIR OR STTR FUNDING. DURING 2023, 757 ACCELERATE CONTINUED ITS PARTNERSHIPS WITH THE NAVALX MID-ATLANTIC TECH BRIDGE (MATB), THE HAMPTON ROADS BIOMEDICAL RESEARCH CONSORTIUM (HRBRC), AND RISE RESILIENCE, PROVIDING TECH SCANNING AND PRE-ACCELERATION SERVICES. 121258 IN 2023, STARTUP STUDIOS WELCOMED OVER 55 STARTUPS TO THEIR INCUBATION PROGRAM. OVER 90% OF THE STARTUPS HAD UNDER-ESTIMATED FOUNDERS AS PART OF THEIR FOUNDING TEAM. WE FACILITATED OVER 150 UNIQUE PROGRAMMATIC OFFERINGS AND HAD 5 OF OUR STARTUPS ACCEPTED INTO TECHSTARS ACCELERATOR PROGRAMS. WE HAD TEN FOUNDERS RECEIVE A COMMONWEALTH COMMERCIALIZATION FUND(CCF) GRANT FROM THE VIRGINIA INNOVATION PARTNERSHIP CORPORATION (VIPC). TO DATE OUR STARTUPS HAVE RAISED OVER $20M IN FUNDING, CREATING OVER 100 HIGH-PAYING JOBS AND DOZENS ON INTERNSHIP OPPORTUNITIES. 606291 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 27 0 1 5 1 0 0 0 0 0 0 0 0 0 0 0 0 X 11 9 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 VA X X THE ORGANIZATION 8043661535 400 GRANBY ST SUITE 115 NORFOLK VA 23510 NANCY GRDEN CHAIRMAN 0.50 X X 0 0 0 MARY EVANS MCMILLION EXECUTIVE DIRECTOR 40.00 X 58333 0 0 ANNE CONNER BOARD MEMBER 0.50 X 0 0 0 BLAKE LUSE BOARD MEMBER 0.50 X 0 0 0 DREW UNVGARSKY BOARD MEMBER 0.50 X 0 0 0 CHANDRA BRIGGMAN BOARD MEMBER 0.50 X 0 0 0 ANGELA REDDIX BOARD MEMBER 0.50 X 0 0 0 NATE FENDER BOARD MEMBER 0.50 X 0 0 0 RISHAP MALHOTRA BOARD MEMBER 0.50 X 0 0 0 DAVE LEVIN BOARD MEMBER 0.50 X 0 0 0 MONIQUE ADAMS MANAGING DIRECTOR 20.00 X 29997 0 0 PAUL NOLDE MARKET DIRECTOR 20.00 X 0 0 0 88330 0 0 0 0 0 0 0 715411 850924 1566335 22 22 1566357 0 0 22 134000 134000 50606 20242 30364 527126 210850 316276 14983 5993 8990 36465 14586 21879 25 25 43478 43478 28988 28988 58462 58462 34011 34011 21153 21153 181975 181975 21866 21866 1101 1101 3414 3414 OTHER DIRECT COSTS 220620 220620 OTHER INDIRECT COSTS 1035 1035 1379308 606291 773017 0 730593 635939 90422 340433 821015 976372 62670 11226 15726 35478 78396 46704 X 742619 929668 742619 929668 821015 976372 187049 0 X 0 0 0 X 175002 461040 961785 1564099 1478543 4640469 175002 461040 961785 1564099 1478543 4640469 4640469 21 36 29 24 22 132 4640601 1.00000 1.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 CREDIT CARDS PAYABLE 14559 PAYROLL LIABILITIES 20919 35478 X PART X, LINE 2: 757 ACCELERATE, INC. IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, EXCEPT ON NET INCOME DERIVED FROM UNRELATED BUSINESS ACTIVITIES. INTERNAL REVENUE CODE SECTION 513(A) DEFINES AN UNRELATED TRADE OR BUSINESS OF AN EXEMPT ORGANIZATION AS ANY TRADE OR BUSINESS WHICH IS NOT SUBSTANTIALLY RELATED TO THE EXERCISE OR PERFORMANCE OF ITS EXEMPT PURPOSE. CURRENTLY THE ORGANIZATION HAS NO OBLIGATION FOR ANY UNRELATED BUSINESS INCOME TAX. THE ORGANIZATION BELIEVES IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN; HOWEVER, ANY PENALTIES AND INTEREST INCURRED AS A RESULT OF UNCERTAIN TAX POSITIONS WOULD BE RECORDED IN MISCELLANEOUS MANAGEMENT AND GENERAL EXPENSES. 1 TEAM HANDOFF 80 BROAD STREET FLOOR 30 NEW YORK NY 10004 880827579 20000 0 ORGANIZATION STARTUP FUNDS MOCKTAIL CLUB 5136 MACARTHUR BLVD WASHINGTON DC 20016 814661678 20000 0 ORGANIZATION STARTUP FUNDS 3 RIDGE TECHNOLOGIES 300 RUTHERFORD ST LYNCHBURG VA 24501 850898756 20000 0 ORGANIZATION STARTUP FUNDS AGRICISION INC 13199 WAKEFIELD ROAD SEDLEY VA 23462 843413029 20000 0 ORGANIZATION STARTUP FUNDS GISMO POWER 1100 EXPLORATION WAY HAMPTON VA 23666 872095652 14000 0 ORGANIZATION STARTUP FUNDS FLYING SHIP COMPANY 15 E MARKET ST SUITE 615 LEESBURG VA 20178 863856408 20000 0 ORGANIZATION STARTUP FUNDS CONTRACTOR PLUS 1317 EDGEWATER DRIVE SUITE 719 ORLANDO FL 32804 320620996 20000 0 ORGANIZATION STARTUP FUNDS 0 7 PART I, LINE 1 THE ORGANIZATION OBTAINS APPLICATIONS FOR GRANTS; ELIGIBLE ENTITIES ARE INTERVIEWED AND A SELECTION COMMITTEE INCLUDING BOARD LEADERSHIP VOTES ON FINAL RECIPIENTS. FORM 990, PART VI, SECTION B, LINE 11B THE MANAGING PARTNER OF 757 ACCELERATE DBA 757 COLLAB APPROVES A DRAFT OF THE 990 AND CIRCULATES TO THE BOARD WITH 24 HOURS TO RESPOND. THE RETURN IS THEN SIGNED BY THE MANAGING PARTNER. FORM 990, PART VI, SECTION C, LINE 19 ALL DOCUMENTS ARE AVAILABLE TO THE GENERAL PUBLIC UPON REQUEST.