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ACCELERATE DFW FOUNDATION INC

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Public IRS 990 nonprofit record

ACCELERATE DFW FOUNDATION INC

EIN 75-2824925 · Education N.E.C. (B99)

What they do

THE FOUNDATIONS MISSION is to CONNECT DEDICATED ENTREPRENEURS IN THE DFW AREA to THE RESOURCES THEY NEED to DEVELOP, LAUNCH and GROW THEIR BUSINESSES.

Before you give

Should I give to this charity?

Easy charity check
Look at where the money went

Of every $100 spent, about $99.30 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2023The report may be old. Ask for a newer one.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders17 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

156.34%of revenue went to mission work99.3% of expenses · Program services
1.11%of revenue went to fundraising0.7% of expenses
$157.46spent for every $100 of revenueSpending was higher than revenue this year.
$0.25in assets for every $1 spent this yearSome assets cannot be spent right away.
100.0%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

  1. Who did you help? Ask for a recent story or report that shows real results.
  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $49,065 this year. Ask whether that was planned or caused by a one-time event.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2023

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$85,394
Mission workProgram services$133,507156.34% of revenue99.3% of expenses
ManagementOffice and general costs0.00% of revenue0.0% of expenses
FundraisingAsking for donations$9521.11% of revenue0.7% of expenses
Total expenses$134,459157.46% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails
2023CurrentExpense mix: 99.3% mission · 0.0% management · 0.7% fundraisingTotal expenses: 157.46% of revenue
2022Expense mix: 99.3% mission · 0.0% management · 0.7% fundraisingTotal expenses: 98.63% of revenue
2021Expense mix: 99.6% mission · 0.0% management · 0.4% fundraisingTotal expenses: 100.44% of revenue
2020Expense mix: 99.3% mission · 0.0% management · 0.7% fundraisingTotal expenses: 112.57% of revenue
2019Expense mix: 98.7% mission · 0.0% management · 1.3% fundraisingTotal expenses: 148.12% of revenue
2018Expense mix: 98.8% mission · 0.0% management · 1.2% fundraisingTotal expenses: 111.48% of revenue
2016Expense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 84.50% of revenue

Money in and money out

Revenue$85,394
Expenses$134,459
Annual shortfall $49,065 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$133,507 · 99.3% of expenses
Fundraising$952 · 0.7% of expenses
See all reported dollar amounts
Revenue$85,394
Expenses$134,459
Assets$33,964
Income$85,394
Contributions$85,394
Mission work (program services)$133,507
Fundraising$952
Accounting fees$3,520
People

Leadership and board

Tax year 2023

Names, titles, time, and compensation below are reported by the organization on its Form 990.

No compensation was reported for these leaders. The complete board and leadership roster is shown below.

Board and leadership roster (17)

JAMES STANLEYBOARD MEMBER

TODD MILLERBOARD MEMBER

SEAN ARENABOARD MEMBER

SAMEER VAIDYABOARD MEMBER

RICKY MCBRIDETREAS

ORI FERNANDEZBOARD MEMBER

MEGHAN WRIGHTBOARD MEMBER

LARRY ANFINSEC

JUSTIN MALONECHAIRMAN OF THE BOARD

ALBERTO RIOSVICE CHAIR

DAVID MACKBOARD MEMBER

CHRIS BOTVIDSONBOARD MEMBER

CHARLIE GILROYBOARD MEMBER

BRIAN HARRISINTERIM EXEC DIR

ANNIKA NELSONBOARD MEMBER

ANNA BOULWAREBOARD MEMBER

AMANDA JOHNSONBOARD MEMBER

About this charity

Recognized since
January 1999
Location
1150 SOUTH FWY, FORT WORTH, TX 76104-5064
County
Tarrant
In care of
JUSTIN MALONE
Primary officer
JUSTIN MALONE, CHAIRMAN OF THE

How to reach them

Filing and classification

Latest tax year
2023
Tax period began
October 1, 2023
Return type
990
Tax preparer
WOOD STEPHENS & ONEIL LLP
NTEE classification
Education N.E.C. (B99)
IRS tax category
Education N.E.C.

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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