Nonprofit · EIN 46-1319390
XLERATEHEALTH NON-PROFIT INC
Tax-exempt · CRESTWOOD, KY 40014
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $0 | $12,440 | -$12,440 | $509,559 | $200,268 | $309,291 |
| December 31, 2024 | 990 | $117,500 | $107,123 | $10,377 | $519,389 | $197,658 | $321,731 |
| December 31, 2023 | 990 | $602,500 | $131,498 | $471,002 | $645,020 | $221,166 | $423,854 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Other salaries and wages
- $6,000
- Salaries, compensation and benefits (total)
- $6,000
- Professional fundraising fees
- $0
- Accounting fees
- $4,302
- Program services (functional)
- $9,227
- Management and general (functional)
- $3,214
Balance sheet and other
- Total assets, start of year
- $519,389
- Total assets, end of year
- $509,559
- Total liabilities, end of year
- $200,268
- Net assets, end of year
- $309,291
- Gross receipts
- $0
- Employees
- 0
- Year formed
- 2013
- State of legal domicile
- KY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ROBERT SAUNDERS | EXECUTIVE CHAIRMAN DIRECTOR Trustee or director | 12 | $0 |
| TED SMITH | DIRECTOR Trustee or director | 0.25 | $0 |
| WILLIAM STRENCH | SECRETARY AND DIRECTOR Trustee or director, Officer, Highest-paid employee | 2 | $0 |
| JACQUELINE WILLMOT | CHIEF EXECUTIVE OFFICER Officer, Key employee, Highest-paid employee | 20 | $0 |
990 for the year ended December 31, 2024: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JACQUELINE WILLMOT | CHIEF EXECUTIVE OFFICER Officer, Key employee, Highest-paid employee | 20 | $20,000 |
| ROBERT SAUNDERS | EXECUTIVE CHAIRMAN DIRECTOR Trustee or director | 12 | $0 |
| TED SMITH | DIRECTOR Trustee or director | 0.25 | $0 |
| WILLIAM STRENCH | SECRETARY AND DIRECTOR Trustee or director, Officer, Highest-paid employee | 2 | $0 |
990 for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JACQUELINE WILLMOT | CHIEF EXECUTIVE OFFICER Officer, Key employee, Highest-paid employee | 20 | $110,387 |
| ROBERT SAUNDERS | EXECUTIVE CHAIRMAN DIRECTOR Trustee or director | 12 | $0 |
| TED SMITH | DIRECTOR Trustee or director | 0.25 | $0 |
| WILLIAM STRENCH | SECRETARY AND DIRECTOR Trustee or director, Officer, Highest-paid employee | 2 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 413, CRESTWOOD, KY 40014-0413
- Principal officer (990 for 2025)
- ROBERT SAUNDERS, PO BOX 413, CRESTWOOD, KY 40269
- Signed the 990
- ROBERT SAUNDERS, OFFICER
- Phone
- (502) 550-8185
- Website
- www.xleratehealth.com
- Return prepared by
- DeSalvo and Company Inc
Mission
To cultivate and grow impactful healthcare innovation in regions where promising ideas often go unrecognized and underfunded. The organization advances this mission through the operation of a business accelerator program that provides educational resources, mentorship, and training to entrepreneurs developing early stage healthcare companies.
Program accomplishments
- The organization continued to build and maintain a healthcare innovation ecosystem through ongoing engagement with hospital systems, healthcare payers, pharmaceutical and medical device companies, universities, and healthcare-focused venture firms. During the fiscal year, activities focused on convening stakeholders, strengthening relationships, and identifying opportunities for future collaboration in healthcare innovation and commercialization. For example, the organization engaged regional partners to explore the development of a health technology innovation pipeline and a real-world testing environment to support validation and adoption of emerging solutions. These activities were primarily strategic in nature and required minimal financial expenditures but are foundational to enabling future program delivery.
- The organization continued to advance its charitable purpose of entrepreneurial education in healthcare and related sectors through the development of educational offerings. Activities included designing healthcare design thinking programs for undergraduate and graduate students, developing a continuing education CEU course for clinicians, and creating supporting content modules. During the fiscal year, efforts focused on curriculum development and preparation for future implementation, including structuring content to support training in healthcare innovation and commercialization for academic and clinical audiences. These activities were developmental in nature and required minimal financial expenditures during the year but are expected to support expanded program delivery in subsequent periods.Expenses $6,000
- The organization maintained engagement with its portfolio companies through relationship-based support and ongoing communication. Activities included facilitating introductions to key stakeholders and maintaining connections to support long-term commercialization and growth. During the fiscal year, these efforts were limited in scope and conducted in a non-compensated, non-expenditure-intensive capacity. While financial expenditures were minimal, the organization continued to provide value through connectivity and ecosystem access aligned with its mission.Expenses $3,227
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 46-1319390
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2014
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $509,559
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $0 | $12,440 | $509,559 | IRS |
| 990 | December 2024 | $117,500 | $107,123 | $519,389 | XML |
| 990 | December 2023 | $602,500 | $131,498 | $645,020 | XML |
| 990 | December 2022 | $50,000 | $404,971 | $287,919 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 46-1319390).
Questions about XLERATEHEALTH NON-PROFIT INC
- What is the EIN of XLERATEHEALTH NON-PROFIT INC?
- The employer identification number (EIN) of XLERATEHEALTH NON-PROFIT INC is 46-1319390.
- Is XLERATEHEALTH NON-PROFIT INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
- Are donations to XLERATEHEALTH NON-PROFIT INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does XLERATEHEALTH NON-PROFIT INC file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of XLERATEHEALTH NON-PROFIT INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did XLERATEHEALTH NON-PROFIT INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of XLERATEHEALTH NON-PROFIT INC?
- The 990 for the year ended December 31, 2025 names ROBERT SAUNDERS.
- Who are the officers and directors of XLERATEHEALTH NON-PROFIT INC?
- The 990 for the year ended December 31, 2025 lists 4 people; 0 received compensation from the organization.
- How much revenue does XLERATEHEALTH NON-PROFIT INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $0, expenses of $12,440 and total assets of $509,559 at year end.
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