Overview

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Est.

2012

Latest Fiscal Year

Not available

Organization Type

Grantseeker

AI Summary

THE ACCELERATION PROJECT INC is a business and industry nonprofit focused on supporting local economies by providing strategic and tactical advice to accelerate small business growth, with a particular emphasis on businesses owned by women and people of color, while also empowering professional women to strengthen their skills and community impact. For fiscal year 2024, it reported an operating budget of $2.2M and total revenue of $2.6M, with major funding from FORWARD VISION, APOLLO OPPORTUNITY FOUNDATION, and FAIRFIELD COUNTY'S COMMUNITY FOUNDATION INC.

Mission Statement

TO SUPPORT THE VITALITY OF LOCAL ECONOMIES BY PROVIDING STRATEGIC AND TACTICAL ADVICE TO ACCELERATE SMALL BUSINESS GROWTH WITH A FOCUS ON BUSINESSES OWNED BY WOMEN AND PEOPLE OF COLOR; AND TO EMPOWER PROFESSIONAL WOMEN TO MAKE A MEANINGFUL IMPACT IN THE COMMUNITY WHILE ADVANCING THEIR SKILLS.
Revenues
$2.6M
Expenses
$2.2M
Net Income:
+$490.9K
Assets
$3.5M
Liabilities
$245.7K
Net Assets:
+$3.2M
Operating Budget
$2.2M
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants
24
Median grant size
$17.5K
Largest grant received
$250K
J
Jane Veron
Board Member
M
Marina Lutova Meyers
Board Member
A
Andrew Feldstein
Board Member
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Frequently Asked Questions

What is THE ACCELERATION PROJECT INC’s budget?
In 2024, THE ACCELERATION PROJECT INC reported an annual operating budget of around $2.2 million. More detailed financial information is available to registered users.
What causes does THE ACCELERATION PROJECT INC support?
THE ACCELERATION PROJECT INC supports work in Business and industry.
Where does THE ACCELERATION PROJECT INC operate?
THE ACCELERATION PROJECT INC is headquartered in Scarsdale, NY.
Who funded THE ACCELERATION PROJECT INC recently?
In 2025, THE ACCELERATION PROJECT INC received grants from AMERICAN ONLINE GIVING FOUNDATION INC, THE GOLDSTONE FUND INC, and THE ELLEN AND ANDREW G CELLI FOUNDATION. More information on this organization’s funders is available to registered users.
What is the largest grant THE ACCELERATION PROJECT INC received in 2024?
The largest grant to THE ACCELERATION PROJECT INC in 2024 exceeds $250 thousand.
What is THE ACCELERATION PROJECT INC’s reliance on government grants?
THE ACCELERATION PROJECT INC relied on government grants for less than 5% of their total revenue in 2024.