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EIN 84-3378272

Long Beach Accelerator

IRS 501(c) type
501(c)(3)
Num. employees
5
City
Long Beach
State
California
Year formed
2019
Most recent tax filings
2022-12-01
NTEE code, primary
S43: Management Services for Small Business, Entrepreneurs
Description
Long Beach Accelerator accelerates early-stage startups with seed funding, mentorship, and exit strategy. It conducts a 4-month program consisting of two phases that entail weekly workshops and mentorship focused on determining market fit, business strategy and development, and sales and marketing during the first three months. The final month involves pitching to investors and refining the business plan.
Total revenues
$365,765
2022
Total expenses
$488,266
2022
Total assets
$123,362
2022
Num. employees
5
2022

Program areas at Long Beach Accelerator

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.

Who funds Long Beach Accelerator

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Farmers and Merchants Bank FoundationSupport$2,500

Personnel at Long Beach Accelerator

NameTitleCompensation
Andrea White-KjossBoard Member$183,877
Jame HoldProgram and Operations Manager
Wade MartinChairman$0
Ragan Robertson, PHDSecretary$0
Santhosh DevatiTreasurer$0
...and 1 more key personnel

Financials for Long Beach Accelerator

RevenuesFYE 12/2022
Total grants, contributions, etc.$57,500
Program services$308,250
Investment income and dividends$15
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$365,765

Form 990s for Long Beach Accelerator

Fiscal year endingDate received by IRSFormPDF link
2022-122023-10-20990View PDF
2021-122022-11-02990View PDF
2019-122021-04-27990EZView PDF

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Innovation CatalystBaton Rouge, LA$173,034
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Foodlab DetroitDetroit, MI$260,262
Innovate RaleighRaleigh, NC$119,187
Downtown CREDOOrlando, FL$466,549
Data update history
December 1, 2023
Posted financials
Added Form 990 for fiscal year 2022
November 30, 2023
Updated personnel
Identified 2 new personnel
August 19, 2023
Received grants
Identified 1 new grant, including a grant for $2,500 from Farmers and Merchants Bank Foundation
July 31, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 6, 2023
Updated personnel
Identified 7 new personnel
Nonprofit Types
Social advocacy organizationsBusiness and community development organizationsCharities
Issues
Economic developmentBusiness and industry
Characteristics
Partially liquidatedState / local levelTax deductible donations
General information
Address
245 E Third St
Long Beach, CA 90802
Metro area
Los Angeles-Long Beach-Anaheim, CA
Website URL
lbaccelerator.org/ 
Phone
(310) 990-8524
IRS details
EIN
84-3378272
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2019
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S43: Management Services for Small Business, Entrepreneurs
NAICS code, primary
813319: Social Advocacy Organizations
Parent/child status
Independent
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