STRATEGY STUDIO / PUBLIC DATA EXPLORER

THE ACCELERATION PROJECT INC: Form 990EZ, tax year 2017

View the entire original 990 at ProPublica ↗

Organization
THE ACCELERATION PROJECT INC (EIN 46-0762002)
Tax period
2017-01-01 to 2017-12-31
Filed
2018-09-26
IRS object ID
201802699349200770
Schema version
2017v2.3
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2018-09-26T14:21:55-05:00ReturnTs
Tax Period End2017-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN130436940PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1ANCHIN BLOCK & ANCHIN LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11375 BROADWAYAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP100187001ZIPCd
FieldValueIRS element (for citing)
Return Type990EZReturnTypeCd
Tax Period Begin2017-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN460762002EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE ACCELERATION PROJECT INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlACCEBusinessNameControlTxt
Phone2125366825PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1C/O ANCHIN LLP 1375 BROADWAYAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10018ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJANE VERONPersonNm
Person TitleCEOPersonTitleTxt
Phone2128403456PhoneNum
Signature2018-09-26SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJAMES FERRARAPreparerPersonNm
PTINP00288604PTIN
Phone2128403456PhoneNum
Preparation2018-09-26PreparationDt

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address208.221.150.5IPv4AddressTxt
FieldValueIRS element (for citing)
IP2018-09-26IPDt
IP Tm10:35:08IPTm
IP TimezoneEDIPTimezoneCd
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device IdDA39A3EE5E6B4B0D3255BFEF95601890AFD80709AtSubmissionCreationDeviceId
At Submission Filing Device Id90FA32AFDEAF18B1CD3A57BCD927AF25D43FFD80AtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2017TaxYr
Build TS2018-06-14 16:35:46ZBuildTS

Form 990-EZ IRS990EZ

FieldValueIRS element (for citing)
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Website AddressN/AWebsiteAddressTxt
Organization501c3Yes (X)Organization501c3Ind
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Gross Receipts$151,811GrossReceiptsAmt
Info In Schedule O Part IYes (X)InfoInScheduleOPartIInd
Contributions Gifts Grants Etc$131,078ContributionsGiftsGrantsEtcAmt
Program Service Revenue$20,580ProgramServiceRevenueAmt
Investment Income$153InvestmentIncomeAmt
Total Revenue$151,811TotalRevenueAmt
Salaries Other Comp Empl Bnft$34,131SalariesOtherCompEmplBnftAmt
Printing Publications Postage$138PrintingPublicationsPostageAmt
Other Expenses Total$9,267OtherExpensesTotalAmt
Total Expenses$43,536TotalExpensesAmt
Excess Or Deficit For Year$108,275ExcessOrDeficitForYearAmt
Net Assets Or Fund Balances BOY$111,182NetAssetsOrFundBalancesBOYAmt
Other Changes In Net Assets-$6,120OtherChangesInNetAssetsAmt
Net Assets Or Fund Balances EOY$213,337NetAssetsOrFundBalancesEOYAmt

Cash Savings And Investments CashSavingsAndInvestmentsGrp

FieldValueIRS element (for citing)
BOY$111,182BOYAmt
EOY$213,337EOYAmt

Form990 Total Assets Form990TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$111,182BOYAmt
EOY$213,337EOYAmt

Sum Of Total Liabilities SumOfTotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Net Assets Or Fund Balances NetAssetsOrFundBalancesGrp

FieldValueIRS element (for citing)
BOY$111,182BOYAmt
EOY$213,337EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
Primary Exempt PurposeTHE ACCELERATION PROJECT, INC.'S PRIMARY EXEMPT PURPOSES ARE: (A) TO PROMOTE ECONOMIC DEVELOPMENT BY PROVIDING SMALL BUSINESSES WITH COMPREHENSIVE ENTREPRENEURIAL AND FINANCIAL TRAINING, STRATEGIC AND TACTICAL BUSINESS ADVICE, AND NETWORKING, SO THAT SUCH BUSINESSES CANGROW AND FLOURISH, PROVIDE JOBS TO THE COMMUNITY AND BOOST THE LOCAL ECONOMY; (B) TO PROVIDE TRAINING FOR BUSINESS CONSULTANTS LOOKING TO HONE THEIR SKILLS AND/OR RE-ENTER THE WORKFORCE; AND (C) TO CONDUCT ANY OTHER ACTIVITIES AND TO PERFORM ANY AND ALL ACTS WHICH MAY BE NECESSARY, USEFUL, SUITABLE, OR PROPER FOR THE FURTHERANCE, ACCOMPLISHMENT, OR ATTAINMENT OF ANY OF THE ACTIVITIES DESCRIBED IN CLAUSES (A) AND (B).PrimaryExemptPurposeTxt

Program Srvc Accomplishment ProgramSrvcAccomplishmentGrp (4 entries)

Description Program Srvc AccomDescriptionProgramSrvcAccomTxtGrants And AllocationsGrantsAndAllocationsAmtProgram Service ExpensesProgramServiceExpensesAmt
TAP PROJECT - A LARGE-SCALE PROJECT OR STUDY TO ADDRESS AN IMPORTANT BUSINESS CONCERN OR INQUIRY. THE PROJECT INVOLVES WORKING WITH LOCAL GOVERNMENT OFFICES AND BUSINESS OWNERS TO COMPLETE A THOROUGH ANALYSIS OF LOCAL CONSUMER AND BUSINESS BEHAVIORS AND PERCEPTIONS. USING THAT KNOWLEDGE, THE ACCELERATION PROJECT INC. CREATED AN AWARENESS CAMPAIGN TO PROMOTE LOCAL BUSINESSES AND ENCOURAGE RESIDENTS TO SHOP AND DINE WHERE THEY LIVE.$0$19,656
THE STRATEGIC ADVISORY PROGRAM IS THE ORGANIZATION'S SIGNATURE OFFERING. IN THIS PROGRAM, A TEAM OF CONSULTANTS IS MATCHED WITH A BUSINESS BASED ON INTERSECTING NEEDS AND SKILLSETS. THE ACCELERATION PROJECT CONSULTANTS WORK CLOSELY WITH CLIENTS TO GUIDE THEM THROUGH TIMELY ISSUES RELATED TO THEIR BUSINESS GROWTH. THIS ENGAGEMENT OFFERS CLIENTS 40 HOURS OF SERVICE, OVER THE COURSE OF SEVERAL STRUCTURED SESSIONS, WITH SET AGENDAS AND MEETING SUMMARIES. THE ACCELERATION PROJECT INC. DEVELOPS CUSTOMIZED TOOLS BASED ON THE CLIENT'S UNIQUE CHALLENGES AND GOALS AND PROVIDES CLIENTS WITH A DETAILED ACTION PLAN WHICH INCLUDES STRATEGIES, TACTICS AND DEADLINES TO ACHIEVE SELF-IDENTIFIED SHORT AND LONG-TERM GOALS.$0$18,297
SPEED CONSULTING - IN PARTNERSHIP WITH CHAMBERS OF COMMERCE AND OTHER ORGANIZATIONS, THE ACCELERATION PROJECT INC. OFFERS A SPEED CONSULTING WORKSHOP (90 MINUTES) FOR SMALL BUSINESSES TO PROVIDE HIGH LEVEL STRATEGIC ADVICE. OFFERED IN A ROUNDTABLE FORMAT, THE CONSULTANTS FACILITATE DISCUSSIONS ON SPECIFIC CHALLENGES AND OPPORTUNITIES AFFECTING BUSINESS GROWTH AND STRATEGIES FOR SUCCESS. THEY RECORD RECOMMENDATIONS ENSURING EACH BUSINESS RECEIVES CUSTOMIZED FEEDBACK. PARTICIPANTS APPRECIATE THE OPPORTUNITY TO NETWORK AND DISCUSS OPPORTUNITIES WITH OTHER ENTREPRENEURS IN THEIR COMMUNITY.$0$2,000
TAP CAPSULE - FOR BUSINESSES THAT HAVE A TARGETED GOAL IN MIND, THE ACCELERATION PROJECT INC. OFFERS A ONE-TIME CONSULTATION. CHALLENGE AND GOAL MUST BE CLEARLY DEFINED PRIOR TO MEETING.$0$1,200
FieldValueIRS element (for citing)
Total Program Service Expenses$41,153TotalProgramServiceExpensesAmt

Officer Director Trustee Empl OfficerDirectorTrusteeEmplGrp (4 entries)

TitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
JANE VERON
CO-FOUNDER CO-PRES TREAS DIR10.00$0$0$0
ANDREW FELDSTEIN
VICE PRESIDENT DIRECTOR2.00$0$0$0
PETER D GREENE
SECRETARY10.00$0$0$0
TRACY JAFFE
CHIEF OPERATING OFFICER40.00$30,333$345$0
FieldValueIRS element (for citing)
Activities Not Previously Rpt0ActivitiesNotPreviouslyRptInd
Chg Made To Orgnzng Doc Not Rpt0ChgMadeToOrgnzngDocNotRptInd
Organization Had UBI0OrganizationHadUBIInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Organization Dissolved Etc0OrganizationDissolvedEtcInd
Direct Indirect Pltcl Expend$0DirectIndirectPltclExpendAmt
Made Loans To From Officers0MadeLoansToFromOfficersInd
Tax Imposed Under IRC4911$0TaxImposedUnderIRC4911Amt
Tax Imposed Under IRC4912$0TaxImposedUnderIRC4912Amt
Tax Imposed Under IRC4955$0TaxImposedUnderIRC4955Amt
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
Tax Imposed On Organization Mgr$0TaxImposedOnOrganizationMgrAmt
Tax Reimbursed By Organization$0TaxReimbursedByOrganizationAmt
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
States Where Copy Of Return Is FldDEStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldNYStatesWhereCopyOfReturnIsFldCd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1ANCHIN BLOCK & ANCHIN LLPBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line11375 BROADWAYAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10018ZIPCd
FieldValueIRS element (for citing)
Phone2125366825PhoneNum
FieldValueIRS element (for citing)
Foreign Financial Account0ForeignFinancialAccountInd
Foreign Office0ForeignOfficeInd
Donor Advised Fnds0DonorAdvisedFndsInd
Operate Hospital0OperateHospitalInd
Tanning Services Provided0TanningServicesProvidedInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Transaction With Control Ent0TransactionWithControlEntInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
School Operating0SchoolOperatingInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Part VI Of Comp Of Hghst Pd EmplNONEPartVIOfCompOfHghstPdEmplTxt
Part VI Hghst Pd Cntrct Prof SrvcNONEPartVIHghstPdCntrctProfSrvcTxt
Filed Schedule AYes (1)FiledScheduleAInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$19,098CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$32,569CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$40,944CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$45,201CurrentTaxYearMinus1YearAmt
Current Tax Year$131,078CurrentTaxYearAmt
Total$268,890TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$19,098CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$32,569CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$40,944CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$45,201CurrentTaxYearMinus1YearAmt
Current Tax Year$131,078CurrentTaxYearAmt
Total$268,890TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$91,725SubstantialContributorsTotAmt
Public Support Total170$177,165PublicSupportTotal170Amt
Total Support$268,890TotalSupportAmt
Public Support CY1700.65890PublicSupportCY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Schedule B IRS990ScheduleB

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990-EZ, PART I, LINE 4 - OTHER INVESTMENT INCOMEDESCRIPTION: INTEREST INCOME. AMOUNT: 153.
FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSESDESCRIPTION: DEVELOPMENT AND FUNDRAISING EXPENSES. AMOUNT: 2,383. DESCRIPTION: MARKETING AND PUBLIC RELATIONS. AMOUNT: 821. DESCRIPTION: TRAVEL. AMOUNT: 21. DESCRIPTION: CONSULTANT RECRUITMENT. AMOUNT: 2,334. DESCRIPTION: CLIENT DEVELOPMENT. AMOUNT: 543. DESCRIPTION: OFFICE SUPPLIES. AMOUNT: 200. DESCRIPTION: ASSOCIATION DUES. AMOUNT: 210. DESCRIPTION: INSURANCE. AMOUNT: 1,677. DESCRIPTION: TECHNOLOGY EXPENSE. AMOUNT: 492. DESCRIPTION: TELEPHONE & TELECOMMUNICATIONS. AMOUNT: 453. DESCRIPTION: DISABILITY INSURANCE. AMOUNT: 125. DESCRIPTION: MISCELLENEOUS EXPENSES. AMOUNT: 8. TOTAL TO FORM 990-EZ, LINE 16: 9,267.
FORM 990-EZ, PART I, LINE 20 - OTHER CHANGES IN NET ASSETSDESCRIPTION: PRIOR PERIOD ADJUSTMENT. AMOUNT: -6,120.