Long Beach Accelerator Inc
Nonprofit profile at a glance
- EIN
- 843378272
- IRS 990-EZ coverage
- 2024–2024
- Forms available
- Form 990 2023, Form 990-EZ 2024, Form 990-T 2024
- Location
- Long Beach, CA, USA
- Phone
- 3109908524
- Rating
- 85
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Economic Development
Reported finances
- Revenue
- $91,166
- Expenses
- $128,602
- Assets
- $43,220
- Liabilities
- $185,762
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
11 people listed
People named in this filing
- VIVIAN SHIMOYAMA (Chairman)
- BRENDA WUNSCH (VICE CHAIR)
- SANTHOSH DEVATI (Director)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
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.
What it reported doing in 2024
The long beach accelerator is a 4-month program broken up into two phases. For the first three months, there are weekly workshops and mentorship focused on determining market fit, business strategy and development and sales and marketing. The final month of the program is focused on developing an exit strategy and preparing for demo day to secure additional seed funding for continued growth and expansion.
Operating model
- Revenue model
- Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
- Distribution model
- Direct operator. The filing allocates 91% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Revenue has declined or grown slowly and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 88
- Transparency & Controls: 100
- Sustainability: 21
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 98.6%; rating input score 99
- Program expense ratio: 69.9%; rating input score 70
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: -41.1%; rating input score 15; 15th percentile among comparable filings
- Total-asset coverage ratio: 0.34; rating input score 23; 23rd percentile among comparable filings
- Liabilities to assets ratio: 4.3; rating input score 2; 2nd percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: -47.2% per year; rating input score 0; 6th percentile among comparable filings
- Asset growth: -43.9% per year; rating input score 0; 4th percentile among comparable filings
Details
- Where the money goes: 98.6% of revenue deployed · 69.9% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $90K in reported program spending
- Leadership: top reported pay $0 · 11 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 4 filed schedules
- Contacts: How to reach this organization
- Money network: 3 filed money-flow records
- 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.
- High — Sustainability: Operating margin scored 15/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 23/100.
- High — Sustainability: Liabilities to assets ratio scored 2/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.