Nonprofit · EIN 84-5112751
ACCELERATE EDUCATION GROUP INC
Also known as ACCELER8
Tax-exempt · LOS ANGELES, CA 90046
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $239,395 | $251,989 | -$12,594 | $245,949 | $11,614 | $234,335 |
| December 31, 2023 | 990 | $276,066 | $163,027 | $113,039 | $272,780 | $25,851 | $246,929 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $217,989
- Program service revenue
- $26,000
- Investment income
- $0
- Net income from fundraising events
- -$5,599
- Other revenue
- -$4,594
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $74,598
- Other salaries and wages
- $1,520
- Salaries, compensation and benefits (total)
- $76,118
- Professional fundraising fees
- $0
- Occupancy
- $12,674
- Travel
- $36,058
- Depreciation
- $37,807
- Program services (functional)
- $142,626
- Management and general (functional)
- $109,363
Balance sheet and other
- Total assets, start of year
- $272,780
- Total assets, end of year
- $245,949
- Total liabilities, end of year
- $11,614
- Net assets, end of year
- $234,335
- Land, buildings and equipment
- $66,689
- Net assets without donor restrictions
- $224,335
- Net assets with donor restrictions
- $10,000
- Gross receipts
- $244,994
- Employees
- 2
- Volunteers
- 0
- Year formed
- 2020
- State of legal domicile
- CA
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 |
|---|---|---|---|
| VICTOR CARILLO | DIRECTOR Trustee or director | 1 | $46,998 |
| CHARLES WOODRUFF | PRESIDENT Trustee or director, Officer | 40 | $27,600 |
| YVONNE NEGRETTE | SECRETARY Trustee or director, Officer | 30 | $0 |
| BRIAN COUSINO | TREASURER Trustee or director, Officer | 1 | $0 |
| PAUL EKSTRAND | DIRECTOR Trustee or director | 1 | $0 |
| ISREAL SANTIAGO | DIRECTOR Trustee or director | 1 | $0 |
| NICOLLETTE DANIEL | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHARLES WOODRUFF | PRESIDENT Trustee or director, Officer | 40 | $0 |
| VICTOR CARILLO | DIRECTOR Trustee or director | 1 | $0 |
| YVONNE NEGRETTE | SECRETARY Trustee or director, Officer | 30 | $0 |
| BRIAN COUSINO | TREASURER Trustee or director, Officer | 1 | $0 |
| PAUL EKSTRAND | DIRECTOR Trustee or director | 1 | $0 |
| ISREAL SANTIAGO | DIRECTOR Trustee or director | 1 | $0 |
| NICOLLETTE DANIEL | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 7190 W SUNSET BLVD, LOS ANGELES, CA 90046-4415
- Mailing address (990-N for 2020)
- 12473 Gladstone, Sylmar CA 91320
- Principal officer (990 for 2024)
- CHARLES WOODRUFF, 7190 W SUNSET BLVD STE 32G, LOS ANGELES, CA 90046
- Principal officer (990-N for 2020)
- Charles Woodruff, 5233 buena mesa, camarillo CA 93012
- Signed the 990
- CHARLES WOODRUFF, PRESIDENT
- Phone
- (805) 377-2391
- Website
- acceler8education.org
- Return prepared by
- HINRICHER & COUSINO LLP
California records
California keeps its own records of charities and corporations. Search them by EIN 84-5112751 or by the name ACCELERATE EDUCATION GROUP INC.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
TO SUPPORT AND CULTIVATE YOUTH FROM UNDERSERVED COMMUNITIES BY PROVIDING POSITIVE MENTORSHIP AND WORKFORCE DEVELOPMENT WITHIN THE AUTOMOTIVE INDUSTRY.
Program accomplishments
- YOUTH MENTORSHIP AND WORKFORCE TRAINING FOR AT RISH HIGH SCHOOL STUDENTS AND YOUTHS AGES 16-24 WHO ARE NEITHER ENROLLED IN SCHOOL NOR PARTICIPATING IN THE LABOR MARKET.Expenses $142,626 · revenue $239,979
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
- 84-5112751
- 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
- 2020
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Youth development (O50)
- Assets (IRS master file)
- $245,949
- Income (IRS master file)
- $244,994
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $239,395 | $251,989 | $245,949 | XML |
| 990 | December 2023 | $276,066 | $163,027 | $272,780 | XML |
| 990 | December 2022 | $228,008 | $115,009 | $173,698 | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-N for 2020 Officer: Charles Woodruff | December 31, 2020 | ≤ $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 84-5112751).
Questions about ACCELERATE EDUCATION GROUP INC
- What is the EIN of ACCELERATE EDUCATION GROUP INC?
- The employer identification number (EIN) of ACCELERATE EDUCATION GROUP INC is 84-5112751.
- Is ACCELERATE EDUCATION GROUP INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
- Are donations to ACCELERATE EDUCATION GROUP INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ACCELERATE EDUCATION GROUP 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 ACCELERATE EDUCATION GROUP 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 ACCELERATE EDUCATION GROUP 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 ACCELERATE EDUCATION GROUP INC?
- The 990 for the year ended December 31, 2024 names CHARLES WOODRUFF.
- Who are the officers and directors of ACCELERATE EDUCATION GROUP INC?
- The 990 for the year ended December 31, 2024 lists 7 people; 2 received compensation from the organization, the highest $46,998 (VICTOR CARILLO, DIRECTOR).
- How much revenue does ACCELERATE EDUCATION GROUP INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $239,395, expenses of $251,989 and total assets of $245,949 at year end.
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