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Nonprofit · EIN 82-4322538

AIM-HI ACCELERATOR FUND INC

Tax-exempt · ROCKVILLE, MD 20852

Financials

$2.1M$649K2023$1.6M$225K2024
Revenue Expenses · by fiscal year end
Financials of AIM-HI ACCELERATOR FUND INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$1,566,732$225,102$1,341,630$16,114,527$3,083$16,111,444
December 31, 2023990$2,069,894$649,482$1,420,412$14,774,789$4,975$14,769,814
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$1,480,019
Program service revenue
$0
Investment income
$86,713
Other revenue
$0

Expenses

Grants and similar amounts paid
$20,000
Compensation of officers, directors and key employees
$20,000
Salaries, compensation and benefits (total)
$20,000
Professional fundraising fees
$0
Legal fees
$47,569
Travel
$16,608
Program services (functional)
$165,385
Management and general (functional)
$26,371
Fundraising (functional)
$33,346

Balance sheet and other

Total assets, start of year
$14,774,789
Total assets, end of year
$16,114,527
Total liabilities, end of year
$3,083
Net assets, end of year
$16,111,444
Net assets without donor restrictions
$2,523,538
Net assets with donor restrictions
$13,587,906
Gross receipts
$1,566,732
Employees
0
Volunteers
50
Year formed
2019
State of legal domicile
MD

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.

NameTitleHours / weekCompensation
SUJUAN BACO-FOUNDER AND CEO
Officer
10$20,000
MATTHEW TREMBLAYCHAIRMAN OF THE BOARD
Trustee or director
2$0
CHARLIE WEATHERSPOONDIRECTOR
Trustee or director
1.5$0
MARK BARANDIRECTOR
Trustee or director
1$0
ALFRED SLANETZDIRECTOR
Trustee or director
1$0
ROSE WANGDIRECTOR
Trustee or director
1$0
SILAS DEANEDIRECTOR (SERVED EFFECTIVE AUGUST 2024)
Trustee or director
1$0
FRANKLIN SALISBURY JRDIRECTOR (SERVED THRU APRIL 2024)
Trustee or director
1.5$0
BRIAN LEYLAND-JONESDIRECTOR (SERVED THRU AUGUST 2024)
Trustee or director
1.5$0
KWOK LEUNGTREASURER/SECRETARY
Officer
5$0
990 for the year ended December 31, 2023: 10 people
NameTitleHours / weekCompensation
MATTHEW TREMBLAYCHAIRMAN OF THE BOARD
Trustee or director
2$0
BRIAN LEYLAND-JONESVICE CHAIRMAN OF THE BOARD
Trustee or director
1.5$0
FRANKLIN SALISBURY JRCO-FOUNDER AND DIRECTOR
Trustee or director
1.5$0
CHARLIE WEATHERSPOONCO-FOUNDER AND DIRECTOR
Trustee or director
1.5$0
MARK BARANDIRECTOR
Trustee or director
1$0
ALFRED SLANETZDIRECTOR
Trustee or director
1$0
ROSE WANG served from May 2023DIRECTOR
Trustee or director
1$0
YAJUN XU served up to May 2023DIRECTOR
Trustee or director
1$0
SUJUAN BACO-FOUNDER AND CEO
Officer
12$0
KWOK LEUNGTREASURER/SECRETARY
Officer
12$0

Address and contacts

Address (IRS master file)
5515 SECURITY LN STE 1105, ROCKVILLE, MD 20852-5018
Mailing address (990-N for 2019)
5515 SECURITY LANE SUITE 1105, ROCKVILLE MD 20852
Principal officer (990 for 2024)
SUJUAN BA, 5515 SECURITY LANE SUITE 1105, ROCKVILLE, MD 20852
Principal officer (990-N for 2019)
SUJUAN BA, 5515 SECURITY LANE SUITE 1105, ROCKVILLE MD 20852
Signed the 990
Kwok Leung, Executive Advisor
Phone
(301) 654-1250

Mission

The AIM-HI Accelerator Fund is an independent 501(C)(3) non-profit organization, established with an initial grant from the National Foundation for Cancer Research with the vision to accelerate the translation of cancer drug discoveries by investing in seed-stage companies. It is a new paradigm through venture philanthropy to fund start-up oncology companies that commercialize innovative laboratory breakthroughs which can potentially save cancer patients' lives.

990 for the year ended December 31, 2024

Program accomplishments

  • Leveraging immediately deployable venture philanthropy funding to provide seed funding and sustainable impact investment for oncology start-ups to bridge the "Valley of Death" funding gap and bring innovative new therapies, diagnostics and cancer prevention to patients.
    Expenses $151,260 · grants $20,000
  • Cancer Awareness
    Expenses $14,125

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
82-4322538
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
2019
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Medical research (H30)
Assets (IRS master file)
$16,114,527
Income (IRS master file)
$1,566,732

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$1,566,732$225,102$16,114,527XML
990December 2023$2,069,894$649,482$14,774,789XML
990December 2022$3,905,995$175,685$13,356,814IRS
990December 2021–––IRS
990December 2020–––IRS
990-N for 2019
Officer: SUJUAN BA
December 31, 2019≤ $50,000 receipts––e-Postcard

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 82-4322538).

Questions about AIM-HI ACCELERATOR FUND INC

What is the EIN of AIM-HI ACCELERATOR FUND INC?
The employer identification number (EIN) of AIM-HI ACCELERATOR FUND INC is 82-4322538.
Is AIM-HI ACCELERATOR FUND INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
Are donations to AIM-HI ACCELERATOR FUND INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does AIM-HI ACCELERATOR FUND 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 AIM-HI ACCELERATOR FUND 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 AIM-HI ACCELERATOR FUND 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 AIM-HI ACCELERATOR FUND INC?
The 990 for the year ended December 31, 2024 names SUJUAN BA.
Who are the officers and directors of AIM-HI ACCELERATOR FUND INC?
The 990 for the year ended December 31, 2024 lists 10 people; 1 received compensation from the organization, the highest $20,000 (SUJUAN BA, CO-FOUNDER AND CEO).
How much revenue does AIM-HI ACCELERATOR FUND INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $1,566,732, expenses of $225,102 and total assets of $16,114,527 at year end.

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