LONG BEACH ACCELERATOR INC
AI Summary
Long Beach Accelerator Inc, identified by EIN 84-3378272, is a nonprofit organization dedicated to economic development by accelerating early-stage startups through seed funding, mentorship, and strategic exit planning. With an operating budget of $120.6K and total revenue of $91.2K for the filing year 2024, the organization aims to position Long Beach as a premier destination for budding entrepreneurs. It does not rely on a single funder for 50% or more of its revenue, ensuring a diverse funding base to support its mission. For more information, visit www.lbaccelerator.org.
Mission Statement
LONG BEACH ACCELERATOR WAS FORMED FOR THE PURPOSE OF PERFORMING ALL THINGS INCIDENTAL TO, OR APPROPRIATE IN, THE ACHIEVEMENT OF THE FOLLOWING SPECIFIC AND PRIMARY MISSION TO ACCELERATE EARLY STATE STARTUPS WITH SEED FUNDING, MENTORSHIP, AND EXIT STRATEGY. THE VISION OF THE LONG BEACH ACCELERATOR IS TO MAKE LONG BEACH A DESTINATION OF CHOICE FOR EARLY STAGE STARTUPS.
Cause Areas
1
Economic development
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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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Funder
Total Funding
Funding Share
NATIONAL PHILANTHROPIC TRUST
JENKINTOWN, PA, US
$254.1K
< 1%
FARMERS & MERCHANTS BANK FOUNDATION
Long Beach, CA, US
$2.5K
< 1%
Frequently Asked Questions
What is LONG BEACH ACCELERATOR INC’s budget?
In 2024, LONG BEACH ACCELERATOR INC reported an annual operating budget of around $121 thousand. More detailed financial information is available to registered users.
What causes does LONG BEACH ACCELERATOR INC support?
LONG BEACH ACCELERATOR INC supports work in Economic development.
Where does LONG BEACH ACCELERATOR INC operate?
LONG BEACH ACCELERATOR INC is headquartered in Long Beach, CA.
Who funded LONG BEACH ACCELERATOR INC recently?
In 2024, LONG BEACH ACCELERATOR INC received grants from NATIONAL PHILANTHROPIC TRUST, NATIONAL PHILANTHROPIC TRUST, and FARMERS & MERCHANTS BANK FOUNDATION. More information on this organization’s funders is available to registered users.
What is the largest grant LONG BEACH ACCELERATOR INC received in 2024?
The largest grant to LONG BEACH ACCELERATOR INC in 2024 exceeds $103 thousand.