GOLD2023

Startup Accelerator

Accessible, community-based coworking

aka The Speakeasy   |   Indianapolis, IN   |  www.speakeasyindy.com
GuideStar Charity Check

Startup Accelerator

EIN: 27-5088434


Mission

The Speakeasy is a community, an entrepreneur support organization, and a gathering place. Our purpose is to enable aspiring entrepreneurs in Central Indiana to explore, innovate, and launch new businesses that support our local community and regional economy. We build community and lower barriers to entrepreneurship by creating a shared economy of supportive connections and affordable workspace. We collaborate with partners to provide learning and networking opportunities. We believe ideas are worth investing in. We believe hope is actionable. We believe entrepreneurship is the frontline for equity in the next economy.

Ruling year info

2012

Executive Director

Chelsea Marburger

Main address

5255 Winthrop Ave Ste 110

Indianapolis, IN 46220 USA

Show more contact info

EIN

27-5088434

Subject area info

Unknown or not classified

Population served info

LGBTQ people

Ethnic and racial groups

Economically disadvantaged people

Self-employed people

NTEE code info

Unknown (Z99)

IRS subsection

501(c)(3) Public Charity

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Tax forms

Communication

Programs and results

What we aim to solve

This profile needs more info.

If it is your nonprofit, add a problem overview.

Login and update

Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Business Support Services

Hundreds of companies have either started — or grown to the next level — inside the walls of The Speak Easy. We are a space for entrepreneurs and creatives of all kinds to build, work, and be productive alongside one another. We are proud to offer not just a vibrant work & event space but a diverse community that supports one another. Additionally, we offer a suite of programs and services to support our members and community — all in the spirit of lowering barriers to entrepreneurship. Programs & Services include:
· Business Model Canvas Study Hall
· Perfect Pitch Primer
· Fighting Fraud Workshop Series
· Small Business Insurance Office Hours
· Investor Readiness "Ask Me Anything"

Population(s) Served
Ethnic and racial groups
LGBTQ people
Self-employed people

Where we work

Financials

Startup Accelerator
Fiscal year: Jun 01 - May 31

Revenue vs. expenses:  breakdown

SOURCE: IRS Form 990 info
NET GAIN/LOSS:    in 
Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2022 info

SOURCE: IRS Form 990

1.57

Average of 0.88 over 6 years

Months of cash in 2022 info

SOURCE: IRS Form 990

21.6

Average of 7.6 over 6 years

Fringe rate in 2022 info

SOURCE: IRS Form 990

23%

Average of 11% over 6 years

Funding sources info

Source: IRS Form 990

Assets & liabilities info

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

Startup Accelerator

Revenue & expenses

Fiscal Year: Jun 01 - May 31

SOURCE: IRS Form 990 info

Fiscal year ending: cloud_download Download Data

Startup Accelerator

Balance sheet

Fiscal Year: Jun 01 - May 31

SOURCE: IRS Form 990 info

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: cloud_download Download Data

Startup Accelerator

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jun 01 - May 31

SOURCE: IRS Form 990 info

This snapshot of Startup Accelerator’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.

Created in partnership with

Business model indicators

Profitability info 2018 2019 2020 2021 2022
Unrestricted surplus (deficit) before depreciation -$106,753 -$179,987 $80,302 $23,354 $145,050
As % of expenses -19.1% -45.3% 36.2% 14.1% 92.3%
Unrestricted surplus (deficit) after depreciation -$132,383 -$192,209 $73,559 $16,843 $141,433
As % of expenses -22.7% -46.9% 32.2% 9.8% 88.0%
Revenue composition info
Total revenue (unrestricted & restricted) $481,873 $217,147 $302,081 $179,098 $302,173
Total revenue, % change over prior year -12.3% -54.9% 39.1% -40.7% 68.7%
Program services revenue 34.2% 84.2% 8.8% 0.4% 0.0%
Membership dues 48.2% 87.1% 65.8% 79.5% 53.9%
Investment income 0.0% 0.0% 0.0% 0.0% 0.0%
Government grants 0.0% 0.0% 0.0% 0.0% 9.8%
All other grants and contributions 18.4% 4.6% 21.6% 34.5% 27.0%
Other revenue -0.8% -75.9% 3.7% -14.5% 9.4%
Expense composition info
Total expenses before depreciation $558,337 $397,520 $221,779 $166,217 $157,123
Total expenses, % change over prior year 45.1% -28.8% -44.2% -25.1% -5.5%
Personnel 26.0% 28.0% 38.8% 48.4% 36.0%
Professional fees 5.9% 7.6% 2.5% 2.2% 20.0%
Occupancy 51.8% 49.5% 27.1% 26.1% 26.3%
Interest 0.0% 0.0% 0.0% 0.0% 0.1%
Pass-through 0.0% 0.0% 3.6% 3.0% 3.2%
All other expenses 16.3% 14.9% 27.9% 20.3% 14.4%
Full cost components (estimated) info 2018 2019 2020 2021 2022
Total expenses (after depreciation) $583,967 $409,742 $228,522 $172,728 $160,740
One month of savings $46,528 $33,127 $18,482 $13,851 $13,094
Debt principal payment $0 $0 $0 $0 $48,380
Fixed asset additions $0 $0 $7,388 $0 $0
Total full costs (estimated) $630,495 $442,869 $254,392 $186,579 $222,214

Capital structure indicators

Liquidity info 2018 2019 2020 2021 2022
Months of cash 0.7 0.9 5.9 14.6 21.6
Months of cash and investments 0.7 0.9 5.9 14.6 21.6
Months of estimated liquid unrestricted net assets -1.4 -3.3 -2.0 -0.8 10.5
Balance sheet composition info 2018 2019 2020 2021 2022
Cash $30,253 $29,023 $108,756 $201,859 $282,518
Investments $0 $0 $0 $0 $0
Receivables $95,571 $42,299 $66,924 $90,199 $78,224
Gross land, buildings, equipment (LBE) $311,506 $145,893 $155,750 $155,750 $155,752
Accumulated depreciation (as a % of LBE) 21.4% 33.2% 37.0% 43.2% 47.9%
Liabilities (as a % of assets) 51.9% 107.7% 78.3% 80.1% 51.2%
Unrestricted net assets $178,993 -$13,216 $60,343 $77,186 $218,619
Temporarily restricted net assets $0 $0 N/A N/A N/A
Permanently restricted net assets $0 $0 N/A N/A N/A
Total restricted net assets $0 $0 $0 $0 $0
Total net assets $178,993 -$13,216 $60,343 $77,186 $218,619

Key data checks

Key data checks info 2018 2019 2020 2021 2022
Material data errors No No No No No

Operations

The people, governance practices, and partners that make the organization tick.

Documents
Letter of Determination is not available for this organization
Form 1023/1024 is not available for this organization

Executive Director

Chelsea Marburger

Number of employees

Source: IRS Form 990

Startup Accelerator

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation
Other
Related
Show data for fiscal year
Compensation data
Download up to 5 most recent years of officer and director compensation data for this organization

There are no highest paid employees recorded for this organization.

Startup Accelerator

Board of directors
as of 11/27/2023
SOURCE: Self-reported by organization
Board of directors data
Download the most recent year of board of directors data for this organization
Board chair

Joe Duran

EA Companies

Kris Casey

Wormser Legal

Meg Hovious

Here Minds Collective

Kevin Patterson

Burgundy Financial

Neenah Jain

Armory Ventures

Nida Ansari

Karmic Partners

Natalia Rodriguez-Hilt

RAZA Fund

Sam Maher

AttorneySync

Ben Pidgeon

VisionTech Parnters

Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

  • Board orientation and education
    Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? Yes
  • CEO oversight
    Has the board conducted a formal, written assessment of the chief executive within the past year ? Not applicable
  • Ethics and transparency
    Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Yes
  • Board composition
    Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Yes
  • Board performance
    Has the board conducted a formal, written self-assessment of its performance within the past three years? Not applicable

Organizational demographics

SOURCE: Self-reported; last updated 11/27/2023

Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.

Leadership

The organization's leader identifies as:

Race & ethnicity
White/Caucasian/European
Gender identity
Female
Sexual orientation
Decline to state
Disability status
Decline to state

Race & ethnicity

Gender identity

Transgender Identity

Sexual orientation

No data

Disability

We do not display disability information for organizations with fewer than 15 staff.

Equity strategies

Last updated: 11/27/2023

GuideStar partnered with Equity in the Center - an organization that works to shift mindsets, practices, and systems to increase racial equity - to create this section. Learn more

Data
  • We review compensation data across the organization (and by staff levels) to identify disparities by race.
  • We ask team members to identify racial disparities in their programs and / or portfolios.
  • We disaggregate data to adjust programming goals to keep pace with changing needs of the communities we support.
  • We employ non-traditional ways of gathering feedback on programs and trainings, which may include interviews, roundtables, and external reviews with/by community stakeholders.
  • We disaggregate data by demographics, including race, in every policy and program measured.
Policies and processes
  • We seek individuals from various race backgrounds for board and executive director/CEO positions within our organization.
  • We have community representation at the board level, either on the board itself or through a community advisory board.
  • We help senior leadership understand how to be inclusive leaders with learning approaches that emphasize reflection, iteration, and adaptability.
  • We engage everyone, from the board to staff levels of the organization, in race equity work and ensure that individuals understand their roles in creating culture such that one’s race identity has no influence on how they fare within the organization.

Contractors

Fiscal year ending
There are no fundraisers recorded for this organization.