Nonprofit · EIN 82-3232312
757 ACCELERATE INC
Tax-exempt · NORFOLK, VA 23510
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,238,698 | $1,663,078 | -$424,380 | $507,572 | $2,284 | $505,288 |
| December 31, 2023 | 990 | $1,566,357 | $1,379,308 | $187,049 | $976,372 | $46,704 | $929,668 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $893,613
- of which government grants
- $468,416
- Program service revenue
- $331,632
- Investment income
- $13,453
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $160,000
- Compensation of officers, directors and key employees
- $241,063
- Other salaries and wages
- $400,178
- Salaries, compensation and benefits (total)
- $709,962
- Professional fundraising fees
- $0
- Legal fees
- $50
- Accounting fees
- $41,862
- Occupancy
- $143,420
- Travel
- $34,235
- Program services (functional)
- $883,795
- Management and general (functional)
- $779,283
Balance sheet and other
- Total assets, start of year
- $976,372
- Total assets, end of year
- $507,572
- Total liabilities, end of year
- $2,284
- Net assets, end of year
- $505,288
- Net assets without donor restrictions
- $505,288
- Gross receipts
- $1,238,698
- Employees
- 7
- Volunteers
- 250
- Year formed
- 2017
- State of legal domicile
- VA
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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHARLES CORPREW | SECRETARY Highest-paid employee | 40 | $140,400 |
| PAUL NOLDE | PREDSIDENT Trustee or director | 40 | $100,663 |
| NANCY GRDEN | CHAIRMAN Trustee or director, Officer | 0.5 | $0 |
| BLAKE LUSE | BOARD MEMBER Trustee or director | 0.5 | $0 |
| DREW UNVGARSKY | BOARD MEMBER Trustee or director | 0.5 | $0 |
| ANGELA REDDIX | BOARD MEMBER Trustee or director | 0.5 | $0 |
| RISHAP MALHOTRA | BOARD MEMBER Trustee or director | 0.5 | $0 |
| DAVE LEVIN | BOARD MEMBER Trustee or director | 0.5 | $0 |
| WILLY DONALDSON | VICE OFFICER Trustee or director, Officer | 0.5 | $0 |
| TINA MCRAE | BOARD MEMBER Trustee or director | 0.5 | $0 |
| CRISSIE HALL | BOARD MEMBER Trustee or director | 0.5 | $0 |
| TIM RYAN | EXECUTIVE DIRECTOR Trustee or director | 0.5 | $0 |
| SARAH JANE KIRKLAND | BOARD MEMBER Trustee or director | 0.5 | $0 |
| DALIP KAPOOR | BOARD MEMBER Trustee or director | 0.5 | $0 |
| RHONDA ALEXANDER | BOARD MEMBER Trustee or director | 0.5 | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TOI HUNTER | BOARD MEMBER Trustee or director | 0.5 | $0 |
| JEFF CONROY | TREASURER Trustee or director, Officer | 0.5 | $0 |
990 for the year ended December 31, 2023: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARY EVANS MCMILLION | EXECUTIVE DIRECTOR Trustee or director | 40 | $58,333 |
| MONIQUE ADAMS | MANAGING DIRECTOR Trustee or director | 20 | $29,997 |
| NANCY GRDEN | CHAIRMAN Trustee or director, Officer | 0.5 | $0 |
| ANNE CONNER | BOARD MEMBER Trustee or director | 0.5 | $0 |
| BLAKE LUSE | BOARD MEMBER Trustee or director | 0.5 | $0 |
| DREW UNVGARSKY | BOARD MEMBER Trustee or director | 0.5 | $0 |
| CHANDRA BRIGGMAN | BOARD MEMBER Trustee or director | 0.5 | $0 |
| ANGELA REDDIX | BOARD MEMBER Trustee or director | 0.5 | $0 |
| NATE FENDER | BOARD MEMBER Trustee or director | 0.5 | $0 |
| RISHAP MALHOTRA | BOARD MEMBER Trustee or director | 0.5 | $0 |
| DAVE LEVIN | BOARD MEMBER Trustee or director | 0.5 | $0 |
| PAUL NOLDE | MARKET DIRECTOR Trustee or director | 20 | $0 |
Address and contacts
- Address (IRS master file)
- 400 GRANBY ST STE 115, NORFOLK, VA 23510-1970
- Principal officer (990 for 2024)
- NANCY GRDEN, 400 GRANBY ST 115, NORFOLK, VA 23510
- Signed the 990
- PAUL NOLDE, MANAGING DIRECTOR
- Phone
- (804) 366-1535
- Return prepared by
- WALL EINHORN & CHERNITZER PC
Mission
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.
Program accomplishments
- IN 2024, 757 COLLAB DELIVERED HIGH-IMPACT PROGRAMMING ACROSS ITS CONTINUUM - STARTUP STUDIOS, ACCELERATE, AND ANGELS - POSITIONING HAMPTON ROADS AS A NATIONALLY RECOGNIZED INNOVATION HUB. THE ORGANIZATION DIRECTLY ENGAGED OVER 2,500 ENTREPRENEURS, CREATED 350 NEW JOBS, AND FACILITATED 90 INTERNSHIPS. THROUGH 757 STARTUP STUDIOS, OVER 200 STARTUPS HAVE BEEN INCUBATED SINCE LAUNCH, INCLUDING 24 NEW PRODUCTS LAUNCHED IN THE PAST YEAR ALONE. FOUNDERS LOGGED OVER 7,000 VISITS TO THE SPACE AND PARTICIPATED IN MORE THAN 100 FACILITATED PROGRAMS - WITH 98% OF THEM CALLING HAMPTON ROADS HOME.Expenses $707,036 · grants $160,000 · revenue $331,632
- 757 ACCELERATE, THE FLAGSHIP INVESTOR-READINESS PROGRAM, HAS NOW SUPPORTED 54 STARTUPS ACROSS EIGHT COHORTS, HELPING RAISE MORE THAN $100 MILLION TO DATE, INCLUDING $20+ MILLION IN 2024. THE PROGRAM CREATED OVER 350 JOBS AND DELIVERED OVER 1,500 HOURS OF MENTORSHIP IN THE PAST YEAR. ADDITIONAL HIGHLIGHTS INCLUDE STRATEGIC INNOVATION PARTNERSHIPS ACROSS CLIMATE, HEALTH, AND DEFENSE TECH SECTORS. THE ORGANIZATION HOSTED 85 INVITE-ONLY INNOVATION EVENTS, FACILITATED OVER 200 MATB STARTUP CONNECTIONS, AND HELPED 28 SMALL BUSINESSES AND TWO UNIVERSITIES PITCH DIRECTLY TO NAVY AND AIR FORCE STAKEHOLDERS.Expenses $176,759
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. 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 | Not 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
- 82-3232312
- 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
- 2018
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $507,572
- Income (IRS master file)
- $1,238,698
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | – | – | – | IRS |
| 990 | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $1,564,123 | $1,334,638 | $821,015 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about 757 ACCELERATE INC
- What is the EIN of 757 ACCELERATE INC?
- The employer identification number (EIN) of 757 ACCELERATE INC is 82-3232312.
- Is 757 ACCELERATE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2018.
- Are donations to 757 ACCELERATE INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does 757 ACCELERATE INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of 757 ACCELERATE INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did 757 ACCELERATE INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of 757 ACCELERATE INC?
- The 990 for the year ended December 31, 2024 names NANCY GRDEN.
- Who are the officers and directors of 757 ACCELERATE INC?
- The 990 for the year ended December 31, 2024 lists 17 people; 2 received compensation from the organization, the highest $140,400 (CHARLES CORPREW, SECRETARY).
- How much revenue does 757 ACCELERATE INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,238,698, expenses of $1,663,078 and total assets of $507,572 at year end.
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All nonprofits in NORFOLK · Virginia · Community improvement and capacity building