Excelerate Foundation Inc

Nonprofit profile at a glance

EIN
521772345
IRS 990-PF coverage
2013–2024
Forms available
Form 990 2011, Form 990-PF 2024
Location
Folsom, CA, USA
Phone
9165868444
Rating
90
Verdict
STRONG
Rating confidence
Standard

Reported finances

Revenue
$578,618
Expenses
$696,692

Source: IRS Form 990-PF. Selected filing: tax year 2024. Amounts in USD.

Overview

Mission

Excelerate Foundation Inc is a nonprofit. Location: Folsom, CA. EIN 521772345. Tax year 2024 Form 990-PF reports $579K revenue and $697K expenses.

What it reported funding in 2024

The foundation reported 17 grants totaling $409,000. The stated grant purposes included sponsor riders of a cycling event, which raises funds for sf aids foundation and community., general program support of the organization and to help meet budget shortfall. organization specializes in transportation services for elderly disabled individuals and transportation for the disadvantaged of all ages., and grants to support staffing budgets of a specific program, as well as general program support for campus and public arboretum operations., plus 14 other reported purposes.

Operating model

Revenue model
Investment-supported. 100% of the foundation's positive operating resources came from recurring investment income.
Distribution model
Grant intermediary. The foundation distributed 62% of its reported charitable disbursements as grants.
  • Includes asset-sale income: Asset-sale income is shown separately from recurring resources when classifying the revenue model.

The verdict

STRONG - A large share of available resources goes to charitable grants and the filed numbers largely add up. A relatively small share of spending goes to grants.

Rating breakdown

  • Grant Deployment: 100
  • Cost Efficiency: 59
  • Transparency: 100
  • Compliance: 100
  • Endowment Health: 78

Detailed rating inputs

Grant Deployment

  • Grant deployment ratio: 100%; rating input score 100; 73rd percentile among comparable filings

Cost Efficiency

  • Grant expense ratio: 58.7%; rating input score 59; 16th percentile among comparable filings

Transparency

  • Grant recipient disclosure: Yes; rating input score 100

Compliance

  • Part VII-B activity disclosures: 19 of 19 controls in place; rating input score 100
    • Property sale or exchange with a disqualified person: Pass
    • Borrowing from or lending to a disqualified person: Pass
    • Goods, services, or facilities involving a disqualified person: Pass
    • Compensation paid to a disqualified person: Pass
    • Assets transferred to a disqualified person: Pass
    • Payment to a government official: Pass
    • Uncorrected prior self-dealing: Pass
    • Prior-year undistributed income: Pass
    • Excess business holdings: Pass
    • Investments that may jeopardize charitable purposes: Pass
    • Uncorrected prior-year jeopardizing investments: Pass
    • Attempt to influence legislation: Pass
    • Attempt to influence an election: Pass
    • Grants to individuals: Pass
    • Grants to organizations: Pass
    • Spending for a noncharitable purpose: Pass
    • Funds received for a personal-benefit contract: Pass
    • Premiums paid on a personal-benefit contract: Pass
    • Prohibited tax-shelter transaction: Pass
  • Filing consistency checks: 10; rating input score 100

Endowment Health

  • Endowment-health comparison: 25.36; rating input score 78; 78th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Grants: 100% of grant recipient detail disclosed
  • Payout: At least 100% grant deployment rate
  • Trustees: Filed trustees detail
  • Self-dealing: 100% of reviewed questions answered “No”
  • Investments: 78th percentile for endowment coverage
  • Consistency: 10 of 10 current checks pass
  • Filing history: 12 filing years from 2013 to 2024
  • Contacts: How to reach this organization
  • Money network: 31 filed money-flow records
  • Related organizations: 10 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.

  • Review — Cost Efficiency: Grant expense ratio scored 59/100.