Accelerate Long Island Inc
Nonprofit profile at a glance
- EIN
- 800775764
- IRS 990 coverage
- 2014–2024
- Forms available
- Form 990 2024, Form 990-EZ 2017
- Location
- Melville, NY, USA
- Phone
- 6314933048
- Rating confidence
- Limited
- Sector
- Community Improvement, Capacity Building N.E.C.
Reported finances
- Revenue
- $243,283
- Expenses
- $229,798
- Assets
- $957,563
- Liabilities
- $34,969
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
16 people listed
People named in this filing
- LEO GUTHART (DIRECTOR)
- CHARLES M STRAIN (DIRECTOR)
- NANCY RAUCH-DOUZINAS (DIRECTOR EMERITUS)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
A unique collaboration among long island's world class research institutions and its business community to commercialize research and create an entrepreneurial ecosystem.
What it reported doing in 2024
Ali was awarded the long island innovation hot spot ("liihs") grant issued by New York state empire state development ("esd") in 2023. The contract period began on january 1, 2023, and ends on december 31, 2027, with total grant funding of $1,250,000 from esd. This is matched by funding of $250,000 from ali and $1,050,000 from the grant co-applicants, which include the long island high technology incubator, the research foundation for the state university of New York, hofstra university, New York instiute of technology, and broad hollow bioscience park. The purpose of liihs is to administer a nys tax incentive and professional services reimbursement program for early-stage companies to help them grow. Ali connects early-stage companies with incubator space throughout its network, coordinates workshops and events across long island, collaborates with the hot spot advisory board, and manages a centralized professional service support program.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 89
- Accountability: 100
- Sustainability: 59
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 85.7%; rating input score 86; 3rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 7 of 7 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 5.5%; rating input score 52; 52nd percentile among comparable filings
- Total-asset coverage ratio: 4.17; rating input score 76; 76th percentile among comparable filings
- Liabilities to assets ratio: 0.04; rating input score 35; 35th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: -14.7% per year; rating input score 0; 4th percentile among comparable filings
- Asset growth: 10.3% per year; rating input score 100; 67th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 14 of 14 board members independent · 7 of 7 filing controls reported
- Programs: 2 filed program accomplishments
- Leadership: top reported pay $0 · 16 people listed
- Consistency: 9 of 10 current checks pass · 1 finding to review
- Schedules: 5 filed schedules · includes major donors
- Filing history: 9 filing years from 2014 to 2024
- Contacts: How to reach this organization
- Related organizations: 2 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Growth: Revenue growth scored 0/100.
- Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.
- Review — Sustainability: Operating margin scored 52/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 35/100.