2012-08-15T10:33:16-05:00 2011-09-30 CLIFTONLARSONALLEN LLP 4250 N FAIRFAX DRIVE SUITE 1020 ARLINGTON VA 22203 990 2010-10-01 521772345 EXCELERATE FOUNDATION INC EXCE 4152527552 2352 MARKET STREET B SAN FRANCISCO CA 94114 JONATHAN A SLOAN 4152527552 2012-08-16 1 KAREN GRIES 5712279500 2010 2016-02-24 21:20:13Z X JONATHAN A SLOAN 2352 MARKET STREET B SAN FRANCISCO CA 94114 3821852 0 X HTTP://EXCELERATE-FOUNDATION.ORG/ X 1992 DE THE MISSION OF THE EXCELERATE FOUNDATION IS TO SUPPORT NONPROFIT ORGANIZATIONS THAT MOTIVATE POSITIVE SOCIAL CHANGE AND COMMUNITY DEVELOPMENT. 3 0 0 0 0 0 0 0 0 0 635749 736057 0 10000 635749 746057 55000 1000 0 0 90000 95000 0 0 0 183103 217617 328103 313617 307646 432440 12067467 9215917 6250 17477 12061217 9198440 THE MISSION OF THE EXCELERATE FOUNDATION IS TO SUPPORT NONPROFIT ORGANIZATIONS THAT MOTIVATE POSITIVE SOCIAL CHANGE AND COMMUNITY DEVELOPMENT. 0 0 1000 1000 TO MAKE GRANTS AND DISTRIBUTIONS IN FURTHERANCE OF THE FOUNDATION'S CHARITABLE AND EDUCATIONAL PURPOSES. 1000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 7 0 0 0 0 0 0 0 0 0 0 0 0 X 3 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 DE X ARABELLA PHILANTHROPIC INVESTMENT A 2025951020 734 15TH STREET NW NO 600 WASHINGTON DC 20005 JONATHAN ALEXANDER SLOAN 5.00 X X 40000 0 0 ERNEST LEWIS 1.00 X X 20000 0 0 FARAH PANDITH 1.00 X 15000 0 0 EDWARD DADAKIS 1.00 X X 20000 0 0 95000 0 0 0 0 0 0 0 489294 489294 3322558 3075795 246763 246763 246763 MISCELLANEOUS INCOME 900099 10000 10000 10000 746057 0 0 746057 1000 1000 95000 95000 68750 68750 35392 35392 18431 18431 53711 53711 10828 10828 1700 1700 1099 1099 19067 19067 6485 6485 TAXES 2154 2154 MISCELLANEOUS 0 313617 1000 312617 0 377883 1008453 3570098 750000 8117732 7455834 1754 1630 12067467 9215917 6250 17477 6250 17477 X 12061217 9198440 12061217 9198440 12067467 9215917 X 432440 -3295217 X 0 1 1 X 0 X 8870936 8870936 24803559 24803559 33674495 33674495 0 0 0 33674495 324016 909168 496794 468354 489294 2687626 324016 909168 496794 468354 489294 2687626 196249 57302 253551 34194760 966470 496794 468354 489294 36615672 0.91970 0.95570 0.07340 0.03710 X 0 746057 313617 432440 -475119 -2820098 -3295217 -2862777 270938 -475119 -475119 746057 0 746057 313617 0 313617 0 313617 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE FOUNDATION IS EXEMPT FROM THE PAYMENT OF INCOME TAXES ON ITS EXEMPT PURPOSE INCOME UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC). THE FOUNDATION'S STATUS AS A PUBLIC CHARITY IS EXPECTED TO CHANGE INTO A PRIVATE FOUNDATION IN FISCAL YEAR 2012. THE FOUNDATION IS SUBJECT TO INCOME TAX ON ITS UNRELATED BUSINESS ACTIVITIES; HOWEVER, NO UNRELATED BUSINESS ACTIVITIES WERE IDENTIFIED DURING THE YEARS ENDED SEPTEMBER 30, 2011 AND 2010. THE FOUNDATION ADOPTED THE INCOME TAX STANDARD FOR UNCERTAIN TAX POSITIONS. THE FOUNDATION EVALUATED ITS INCOME TAX POSITIONS AND DETERMINED THAT THEY ARE MORE-LIKELY-THAN-NOT TO BE SUSTAINED ON EXAMINATION. THE FOUNDATION'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL, STATE, AND LOCAL AUTHORITIES. THE TAX RETURNS FOR THE YEARS ENDED SEPTEMBER 30, 2008 TO 2010 ARE OPEN FOR EXAMINATION BY FEDERAL, STATE, AND LOCAL AUTHORITIES. 1 FORM 990, PART VI, SECTION B, LINE 11 THE BOARD PRESIDENT CONDUCTS A FULL REVIEW OF THE DRAFT FORM 990 IN CONSULTATION WITH THE ACCOUNTANTS AND UPON COMPLETION, THE DRAFT 990 IS CIRCULATED TO ALL BOARD MEMBERS FOR REVIEW. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION'S CONFLICT OF INTEREST POLICY COVERS ALL BOARD MEMBERS. INQUIRIES REGARDING CONFLICTS OF INTEREST ARE PERFORMED IN ACCORDANCE WITH THE WRITTEN CONFLICT OF INTEREST POLICY AND FOLLOWED UP AS NEEDED. THE POLICY STATES THAT "IN THE EVENT ANY DIRECTOR OR A MEMBER OF HER/HIS IMMEDIATE FAMILY HAS A PERSONAL OR BUSINESS INTEREST IN, OR IS INVOLVED IN ANY WAY WITH, AN ORGANIZATION WITH WHICH THE FOUNDATION IS CONSIDERING A GRANT REQUEST OR BUSINESS CONTRACT,SUCH INTEREST OR INVOLVEMENT SHALL BE DISCLOSED TO THE FOUNDATION. IN SUCH EVENT, ANY DIRECTOR OUGHT TO ANSWER PERTINENT QUESTIONS OF OTHER DIRECTORS WHEN KNOWLEDGE REGARDING THE MATTER WILL ASSIST THE FOUNDATION." THE FOUNDATION BELIEVES THAT PASSIONATE, TALENTED INDIVIDUALS WHO ARE COMMITTED TO THE MISSION OF THE EXCELERATE FOUNDATION SHOULD BE COMPENSATED FOR THE TIME AND EXPERTISE THEY ARE CONTRIBUTING TO THE FOUNDATION'S WORK THROUGH THEIR SERVICE ON THE BOARD OF DIRECTORS. THE EXCELERATE FOUNDATION, INC. COMPENSATES BOARD MEMBERS IN A MANNER CONSISTENT WITH THEIR FOUNDATION DUTIES, RESPONSIBILITIES AND TIME COMMITMENT AS WELL AS CONSISTENT WITH CUSTOMARY AND REASONABLE COMPENSATION FOR NOT-FOR-PROFIT OFFICERS AND DIRECTORS. COMPENSATION IS REVIEWED ANNUALLY BY THE BOARD OF DIRECTORS. WHEN SETTING THE COMPENSATION LEVELS FOR INDIVIDUALS NOTED IN PART VII, THE FOUNDATION CONTRACTED WITH AN INDEPENDENT CONSULTANT TO PERFORM A MARKET STUDY OF COMPENSATION. THESE RECOMMENDATIONS WERE UTILIZED IN DETERMINING THE APPROPRIATE COMPENSATION. THE BOARD OF DIRECTORS MAINTAINS CONTEMPORANEOUS SUBSTANTIATION OF THE DELIBERATION AND DECISION MAKING PROCESS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO PUBLIC UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -475,119. PRIOR PERIOD ADJUSTMENTS: -2,820,098. TOTAL TO FORM 990, PART XI, LINE 5: -3,295,217.