Hillman Accelerator

Cincinnati, OH, 45206 (513) 324-8571 Est. 2017 EIN 82-0863876
S30 - Economic Development 990 - Public charity return 501(c)(3)
lightship.foundation

Mission

LIGHTSHIP FOUNDATION PROVIDES SUPPORT FOR EARLY STAGE COMPANIES LED BY UNDERREPRESENTED INDIVIDUALS TO OBTAIN SEED FUNDING FOR THEIR DEVELOPING COMPANIES.

Giving Portfolio

Total Grants
9
Total Giving
$160K
Recipients
9
Years Active
2020 - 2022
Avg grant: $14,000 Median: $10,000

Yearly Trends

YearGrantsTotal Giving Avg GrantNewRepeat
20223$45K $15K30
20215$110K $22K50
20201$5K $5K10

Top States

Texas
3
Washington
1
Pennsylvania
1
Missouri
1
Minnesota
1
Ohio
1
Georgia
1

Top Grantees

RUBITECTION INC
PA
$25K
OMCARE
MN
$25K
ALGOPEAR CORP
TX
$25K
YOUNG KING HAIR
GA
$25K
SUGARDOH LLC
TX
$25K
BLACK OWNED OUTERWEAR
OH
$10K
PROVIDER POOL
MO
$10K
XIAO CHI JE CORP
WA
$10K
HUSTLE CLEAN LLC
TX
$5K

Financials

Total Revenue
$1,342,993
Total Expenses
$2,748,676
Net Assets
$3,285,154
11 employees 90 volunteers
From latest filing (tax period ending 2024-12-31)

Financial Health

Operating Reserve
14.3 months Healthy
Net assets / monthly expenses
Year-over-Year Change
Revenue ↓ 66.9%
Expenses ↓ 30.6%
Revenue Sources
Contributions 74.7% Other 25.0%
Expense Breakdown
Program 100.0%

Officers & Trustees (3)

Individual compensation is available on Grow plans.

Filing History (7 filings)

YearRevenueExpensesNet Assets
2024 990 - Public charity return
Jan 1, 2024 to Dec 31, 2024
$1,342,993 ↓$2,748,676$3,285,154
2023 990 - Public charity return
Jan 1, 2023 to Dec 31, 2023
$4,060,306 ↑$3,962,922$949,224
2022 990 - Public charity return
Jan 1, 2022 to Dec 31, 2022
$2,251,630 ↑$2,605,578$363,238
2021 990 - Public charity return
Jan 1, 2021 to Dec 31, 2021
$1,083,095 ↓$1,618,215$717,186
2020 990 - Public charity return
Jan 1, 2020 to Dec 31, 2020
$1,778,189 ↑$762,554$1,252,306
2019 990 - Public charity return
Jan 1, 2019 to Dec 31, 2019
$803,808 ↑$727,593$236,671
2018 990 - Public charity return
Jan 1, 2018 to Dec 31, 2018
$617,734 $560,421$160,456

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EIN: 82-0863876 · Source: IRS Form 990 e-file data