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Hillman Accelerator Inc

Lightship Foundation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 820863876 ✦ Cincinnati, OH ✦ Designated as a 501(c)(3)

Overview

What is Hillman Accelerator Inc?

Hillman Accelerator Inc, based in Cincinnati, Ohio, was established in 2017 with the aim of supporting tech-enabled companies. The organization, known as Lightship Foundation, brings together influential leaders and business advisors from the tech sector to provide assistance with business modeling, marketing, fundraising, and capital resources. Lightship has achieved significant success by partnering with local, regional, and national companies to increase engagement, visibility, and potential sales channels for the companies in its cohort. The foundation's mission is to support early-stage companies led by underrepresented individuals, helping them secure seed funding for their developing companies. With a team of 12 employees, Lightship Foundation is making strides in contributing to the Ohio Third Frontier Diverse Business Development Program, providing employment opportunities, and fostering change in underrepresented communities in tech careers.


Official website here: www.light.foundation

Is Hillman Accelerator Inc legitimate?

Hillman Accelerator Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hillman Accelerator Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $287,222
Professional Fundraising Fees: $0
Other Salaries and Wages: $718,307

For more financial information, click here


Official website here: www.light.foundation

What is the mission statement of Hillman Accelerator Inc?

Hillman Accelerator Inc's mission involves supporting early-stage companies led by underrepresented individuals, helping them secure seed funding for their developing businesses. Established in 2017, the organization brings together industry leaders and business advisors to provide assistance with business modeling, marketing, fundraising, and capital resources, all aimed at supporting business growth. Throughout the year, Hillman Accelerator Inc has made significant efforts to partner with local, regional, and national companies, increasing engagement and visibility for its cohort companies. The organization assists these companies in potential sales channels and business growth opportunities for scale, with the goal of contributing to diverse business development programs and providing employment opportunities in tech careers for underrepresented communities.


Official website here: www.light.foundation

Who is the CEO of Hillman Accelerator Inc?

Candice Matthews Brackeen is the Board Member of Hillman Accelerator Inc.


Official website here: www.light.foundation

What is the revenue of Hillman Accelerator Inc?

Hillman Accelerator Inc's revenue in 2022 was $2,251,630.


Official website here: www.light.foundation

Who are the executives of Hillman Accelerator Inc and what are their salaries?

The average compensation at Hillman Accelerator Inc during 2022 was $83,794. There are 12 employees and 70 volunteers at Hillman Accelerator Inc.

Here are 3 key members and their salaries:

    Candice Matthews (Executive Director)
  • Compensation: $279,100
  • Related: $0
  • Other: $8,122

    • Maurice Coffey (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Nnena Ukuku (Board Member (Until 10/1/22)) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.light.foundation

    Where can I find the form 990 for Hillman Accelerator Inc?

    The Hillman Accelerator Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.light.foundation

    Learn more at the official website: www.light.foundation

    Mission Statement of Hillman Accelerator Inc

    Hillman Accelerator Inc, as a foundation, is committed to supporting early-stage companies led by underrepresented individuals by providing them with seed funding for their developing businesses. This mission is carried out by bringing together various leaders and business advisors within the tech ecosystem to offer assistance in business modeling, marketing, fundraising, and capital resources, thereby aiding in the growth of these companies. The foundation has made significant strides in partnering with local, regional, and national companies to increase engagement and visibility for the companies in its cohort, assisting them with potential sales channels and business growth opportunities. Hillman Accelerator Inc's companies are anticipated to contribute to the Ohio Third Frontier Diverse Business Development Program by raising capital, providing employment opportunities, and impacting underrepresented communities in tech careers.

    Impact

    This information is meant to be a general summary of Hillman Accelerator Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Saturday, July 20, 2024

    Hillman Accelerator Inc, operating under its Lightship Foundation arm, has been instrumental in providing crucial support for early-stage companies led by underrepresented individuals to secure essential seed funding for their developing ventures. Since its inception on July 10, 2017, Lightship has actively engaged a diverse group of leaders and business advisors in the tech ecosystem to offer assistance in business modeling, marketing strategies, fundraising, and access to capital resources.

    The initiative has not only facilitated the growth of tech-enabled startups but has also forged partnerships with local, regional, and national companies to enhance the visibility and engagement of Lightship cohort companies. By opening up potential sales channels and business growth opportunities for these startups, Lightship is playing a pivotal role in contributing to the Ohio Third Frontier Diverse Business Development Program. Through these efforts, Lightship is not only raising capital and creating employment opportunities but is also driving positive change in underrepresented communities within the tech industry.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $603
  • Program Service Revenue: $389,455
  • Gross Receipts: $2,251,630

    • Assets and Liabilities:
  • Total Assets: $859,679
  • Total Liabilities: $496,441
  • Net Assets: $363,238
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    PROGRAM REVENUE

    Revenue

    $389,455

    Organization Details

    Founding Year

    2017

    Principal Officer

    Candice Matthews Brackeen

    Main Address

    2900 READING ROAD, CINCINNATI, OH, 45206

    NTEE Category

    Code: S30 - Community improvement

    If you are a representative of Hillman Accelerator Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.