XLERATEHEALTH NONPROFIT INC

Louisville, KY | Jefferson County
Economic Development
XLERATEHEALTH NONPROFIT INC
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As of , this nonprofit no longer meets findCRA's qualification requirements and will no longer appear in CQ search results.

Reason for disqualification:

Overview

XLERATEHEALTH NONPROFIT INC
46-1319390
300 E MARKET ST STE 260
Louisville, KY 40202
Jefferson County
(502) 550-8185

jackie@xleratehealth.com
  • linkedin
Mission Statement info

XLERATEHEALTH (XLH) HELPS EARLY-STAGE HEALTHCARE COMPANIES SHARPEN THEIR BUSINESS MODELS TO ADDRESS TOUGH PROBLEMS IN THE HEALTHCARE ECOSYSTEM AND ULTIMATELY SECURE CUSTOMERS AND ATTRACT FUNDING.

CRA Category info
  • Economic Development
Nonprofit location info
  • Majority Minority Census Tract
  • Opportunity Zone
Awards & Certifications info
  • This nonprofit has not received any CRA awards or certifications.
Founded info
Not reported
Total Employees info
Not reported
Total Volunteers info
Not reported
Nonprofit Classification (NTEE Code) info
S30

S - Community Improvement, Capacity Building

Economic Development

Organizations whose primary purpose is to stimulate the economy, expand employment opportunities, encourage the establishment and growth of commerce and industry and otherwise enhance the economic development of the community.

IRS Activity Codes info
-
Not reported
-
Not reported
-
Not reported
Standard Business Classification (NAICS Code) info
813410
Civic and Social Organizations
Targeted Clients info
  • Children & Youth
  • College Students
  • Economically Disadvantaged
  • Entrepreneurs
  • Military
  • Minority Individuals
  • Rural Residents
  • Senior Citizens
  • Small Businesses
  • Veterans
  • Women
CRA Income Characteristics info
    This nonprofit has claimed its profile but has not yet provided this information.

CRA Alignment

CRA Category info
Economic Development
Workforce development, job training, and small business or startup support.
What does it mean for a nonprofit to be CRA aligned?
Each nonprofit on Community Qualifier has been reviewed by findCRA utilizing a dual evaluation process. Nonprofits are first evaluated by our proprietary algorithm, CRANIA, and then further validated by our CRA experts. When nonprofit passes both parts of this review, we create a nonprofit profile for them on Community Qualifier. From there, a nonprofit can claim their profile and add additional information including their programs & services, counties served, targeted clients and income groups and more.
LOWHIGH
LOWHIGH
LOWHIGH
LOWHIGH
Programs & Services info
HEALTHCARE ENTREPRENEUR BOOTCAMP ACCELERATOR
XLH’s entrepreneur Bootcamp provides intensive, hands-on mentorship and support to very early stage healthcare companies through a 13-week accelerator program, on site at XLH’s 3,500 square foot space located in downtown Louisville’s Medical Development Research Park. During the accelerator, participants are not only connected with the partners and customers they need to commercialize their product or service, but also have access to a wide network of mentors and investors with domain expertise in both healthcare and business creation. As one of the only category-agnostic healthcare accelerators in the US, XLH embraces all types of healthcare startups including medical devices, diagnostics, data analytics, healthcare services and others from across the nation. Since its inception in 2013, XLH’s Bootcamp has served over 40 companies and opened a second location in Flint, Michigan.
Targeted Clients info

    Not reported

CRA Income Characteristics info

    Not reported

HEALTHCARE ENTREPRENEUR INTERSESSION PROGRAM
XLH’s Intersession program is a virtual accelerator for healthcare companies that either have a longer path to market, such as diagnostic or device companies, or those that are more mature and have earned revenue or raised capital. XLH works with these companies on a virtual basis offering coaching, mentorship, and access to their healthcare ecosystem and investor network.
Targeted Clients info

    Not reported

CRA Income Characteristics info

    Not reported

Awards & Certifications info
Community Development Financial Institution info
Community Development Financial Institution Award Recipient info
New Market Tax Credit Recipient info
HUD Counseling Agency info
Low Income Housing Tax Credit Recipient info

IRS Summary

Income
$410.4K
Revenue
$410.4K
Assets
$727.2K

IRS Business Master File Details info

As of November 2022 Update
Exempt Ruling Date info
2014-07
Deductibility Status info
Deductible
Last Tax Filing info
2021
Organization Type info
Corporation
Organization Tax Filing Status info
990 (all other) or 990EZ return
Foundation Tax Filing Status info
990-PF not required by IRS
Affiliation Classification info
Independent Organization
Basis for Foundation/Public Charity Status info
Organization which receives a substantial part of its support from a governmental unit or the general public 170(b)(1)(A)(vi)

IRS Publication 78 Details info

As of January 2023
Verified in Publication 78 info
Yes
Deductibility Limitation info
50% (60% for cash contributions)
Organization Description info
A public charity

Nonprofit Location

Physical Address info
300 E MARKET ST STE 260
Louisville, KY 40202
Jefferson County
Area Type info
Metropolitan Statistical Area
FIPS Geocoded Address info
31140
MSA/MD info
21
State info
111
County info
0049.00
Tract info
Middle
Income Level info
Core-Based Statistical Area info
31140 - Louisville/Jefferson County, KY-IN
Combined Statistical Area info
350 - Louisville/Jefferson County--Elizabethtown--Bardstown, KY-IN
Metropolitan Division info
Not located in an MD.
Located In info
Low- or Moderate-Income Census Tract info
Opportunity Zone info
Majority Minority Census Tract info 54.10%
FFIEC Designated Distressed Census Tract info
FFIEC Underserved Census Tract info
Geographies Served info
  • KY - Jefferson County
  • MI - Genesee County

Market Data

Census Tract County
0049.00 Jefferson County
Population
Total Population 3,941 768,419
Total Households 1,693 316,411
Income
Median Family Income (Census*) $85,069 $58,196
Median Family Income (2022 FFIEC est.) $84,700 N/A
Tract Income Percentage 109.64% N/A
Below Poverty Level 30.4% 13.7%
Unemployment Level 6.5% 5.3%
Housing
Total Housing Units 2,349 347,172
Total Owner-Occupied Units 6.9% 61.5%
Total Renter-Occupied Units 65.2% 38.5%
Total Vacant Units 27.9% 7.5%
* Census tract income based on 2020 Census estimated data; County income based on 2020 American Community Survey data.
View more than 200 performance context data points for this county now.

Management

3
Total Voting Members
in Governing Body info
3
Independent Voting Members
in Governing Body info
Tax Filing Signatory info
Robert Saunders
Officer
(502) 396-3495
Principal Officer info
Robert Saunders
findCRA Profile Owner
Jacqueline Willmot
CEO
jackie@xleratehealth.com
Key Policies & Documents info
Written Conflict of Interest Policy
Written Document Retention & Destruction Policy
Written Wistleblower Policy
CEO Compensation Review Process
Written Minutes of Board Meetings
Financial Statements & Reporting info
Compiled or Reviewed by an Independent Accountant
Audited by an Independent Accountant
Included in Consolidated Financial Statements
Internal Audit Committee Review
Federal Grant Audit Required
Federal Grand Audit Performed
IRS Reported Activities info
Provides Credit Counseling
Conducts Gaming Activities
Engages in Lobbying Activities
Engages in Political Activities
Makes Grants to Individuals
Makes Grants to Organizations

"NA" in this section indicates that the information was not available in the nonprofit's most recent IRS tax filing.

This Nonprofit Profile was created using data available from publicly available government and industry sources, our own research, and information provided directly the nonprofit organization. Whenever possible, we utilize the most recent information available including information as made public by the Internal Revenue Service, U.S. Census Bureau, Federal Financial Institutions Examination Council, and more. The format and design of this Nonprofit Profile is ©findCRA. For more information about our Nonprofit Profiles, please visit www.learncra.com.