Eleven Fifty Academy Inc is located in Indianapolis, IN. The organization was established in 2015. According to its NTEE Classification (B60) the organization is classified as: Adult Education, under the broad grouping of Education and related organizations. As of 12/2021, Eleven Fifty Academy Inc employed 123 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Eleven Fifty Academy Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Eleven Fifty Academy Inc generated $14.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 34.9% each year . All expenses for the organization totaled $16.4m during the year ending 12/2021. While expenses have increased by 39.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
ELEVEN FIFTY ACADEMY EXISTS TO HELP CLOSE THE NATION'S GROWING TECHNOLOGY SKILLS GAP BY CREATING AN ECOSYSTEM OF TECHNOLOGY TALENT THAT BENEFITS THE INDIVIDUAL, THEIR EMPLOYER, AND THEIR COMMUNITY. OUR VISION IS TO ALLOW ALL INDIVIDUALS WITH THE INTEREST AND UNDISCOVERED PASSION FOR TECHNOLOGY TO BE FULLY ACTUALIZED. WE ACHIEVE OUR MISSION AND VISION THROUGH OUR CORE VALUES OF DIVERSITY, TEAMWORK, QUALITY, LEARNING, LEADERSHIP, AND FUN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ACADEMY OFFERS FULL-TIME AND PART-TIME CLASSES IN SOFTWARE DEVELOPMENT, CYBERSECURITY, AND USER INTERFACE DESIGN. THE CLASSES LAST 2 TO 6 MONTHS, EITHER IN-PERSON OR ONLINE, IN AN IMMERSIVE FORMAT THAT PROMOTES RAPID LEARNING. THE ACADEMY HAS BEGUN PROGRAMS IN COMMUNITIES STATEWIDE THAT SUPPORT WOMEN, VETERANS, PEOPLE OF COLOR, AND VULNERABLE POPULATIONS. ELEVEN FIFTY ACADEMY WON THE TALENT IMPACT AWARD FOR THE STATE OF INDIANA, HAVING GRADUATED 900 IN 2021. THE ACADEMY'S GRADUATION RATE HAS BEEN 85% WITH PLACEMENT RATE OF 67% AND STARTING SALARIES OF ABOUT $55,000, WHICH IS APPROXIMATELY 50% HIGHER THAN STUDENTS' PRE-ACADEMY SALARY.WITHIN 4 YEARS, ACADEMY GRADS ARE EARNING APPROXIMATELY THE SAME OR MORE THAN PUBLIC UNIVERSITY TECH GRADS, BUT ACADEMY GRADS ARE PUTTING OVER $200,000 OF EARNINGS IN THE BANK WHILE UNIVERSITY GRADS INCUR ABOUT $32,000 OF STUDENT DEBT DURING THOSE YEARS.WE EXPANDED OUR COURSE OFFERINGS IN 2020 TO INCLUDE UX/UI DESIGN COURSES.WE CONTINUED OUR EMPLOYER ADVISORY COMMITTEE, AND WITH THOSE EMPLOYERS, CREATED AN INDUSTRY-ADVISED CURRICULUM THAT RESULTS IN A CERTIFICATE TO THE COMPLETING STUDENT. DURING 2020 AND 2021, CLASSES AND CURRICULUM WERE MODIFIED TO OFFER ONLINE CLASSES TO STUDENTS AS A RESULT OF THE COVID-19 PANDEMIC.IN 2021, A SPECIAL PROGRAM CALLED ADVANCING TECH IN 46218 WAS LAUNCHED TO HELP A PARTICULARLY VULNERABLE SEGMENT OF THE POPULATION, IN THE HIGHEST CRIME ZONE IN INDIANAPOLIS. WE PARTNERED DEEPLY IN THE CIMMUNITY TO ACHIEVE OUR RESULTS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Scott A Jones President/chairman | OfficerTrustee | 40 | $170,748 |
Jonathan Huer Employee | 40 | $153,475 | |
Mary Bush Employee | 40 | $138,302 | |
Dewand Neely Chief Operating Officer | Officer | 40 | $134,264 |
Christopher Hutchinson Employee | 40 | $116,237 | |
Abigail Tambasco Employee | 40 | $110,918 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Metonymy Media Llc Consulting | 12/30/21 | $176,375 |
Innopower Llc Consulting | 12/30/21 | $130,800 |
Climb Investco Llc Consulting | 12/30/21 | $128,533 |
Gha Technologies Inc Consulting | 12/30/21 | $112,047 |
Grow Indiana Media Ventures Llc Consulting | 12/30/21 | $100,808 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $382,000 |
All other contributions, gifts, grants, and similar amounts not included above | $2,686,191 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $3,068,191 |
Total Program Service Revenue | $11,380,225 |
Investment income | $0 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $120,901 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $14,569,317 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $50,000 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $1,037,628 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $4,551,161 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $1,000,424 |
Payroll taxes | $470,755 |
Fees for services: Management | $2,842,966 |
Fees for services: Legal | $45,813 |
Fees for services: Accounting | $83,506 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $2,861,224 |
Office expenses | $157,460 |
Information technology | $618,284 |
Royalties | $0 |
Occupancy | $453,930 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $55,492 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $156,114 |
Insurance | $68,355 |
All other expenses | $116,777 |
Total functional expenses | $16,352,999 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $462,306 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $1,315,290 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $80,268 |
Net Land, buildings, and equipment | $575,268 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $452,169 |
Total assets | $2,885,301 |
Accounts payable and accrued expenses | $1,308,824 |
Grants payable | $0 |
Deferred revenue | $688,430 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $2,972,155 |
Total liabilities | $4,969,409 |
Net assets without donor restrictions | -$3,761,722 |
Net assets with donor restrictions | $1,677,614 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $2,885,301 |
Over the last fiscal year, we have identified 8 grants that Eleven Fifty Academy Inc has recieved totaling $5,242,029.
Awarding Organization | Amount |
---|---|
Lilly Endowment Inc Indianapolis, IN PURPOSE: ENHANCING OPPORTUNITY IN INDPLS INIT | $2,600,000 |
Lilly Endowment Inc Indianapolis, IN PURPOSE: ENHANCING OPPORTUNITY IN INDPLS INIT | $2,400,000 |
8020 Foundation Tr Fort Wayne, IN PURPOSE: CODING SCHOLARSHIPS | $100,000 |
Jp Morgan Chase Foundation New York, NY PURPOSE: IN SUPPORT OF CREATING ECONOMIC MOBILITY AND CAREER PATHWAYS | $65,000 |
Jp Morgan Chase Foundation New York, NY PURPOSE: IN SUPPORT OF CREATING ECONOMIC MOBILITY AND CAREER PATHWAYS | $65,000 |
Indianapolis Foundation Inc Indianapolis, IN PURPOSE: To Be Used at the Organization's Discretion | $10,000 |
Organization Name | Assets | Revenue |
---|---|---|
Education At Work Inc Indianapolis, IN | $7,418,747 | $27,265,167 |
St Coletta Of Wisconsin Inc Jefferson, WI | $22,544,522 | $20,338,471 |
Emergency Nurses Association Schaumburg, IL | $34,613,350 | $21,573,777 |
Nbi-Sems Inc Altoona, WI | $32,056,887 | $23,539,455 |
Eleven Fifty Academy Inc Indianapolis, IN | $2,885,301 | $14,569,317 |
Foundation Of The American College Of Healthcare Executives Chicago, IL | $93,480,001 | $29,930,754 |
Network Of Executive Women Inc Chicago, IL | $6,845,772 | $11,079,191 |
Accreditation Council For Continuing Medical Education Chicago, IL | $14,011,011 | $9,679,361 |
Council For Adult And Experiental Learning Indianapolis, IN | $4,495,606 | $4,303,081 |
American School Of Correspondence Lansing, IL | $11,965,469 | $5,386,399 |
Society For Academic Emergency Medicine Des Plaines, IL | $10,341,301 | $6,329,618 |
Helen Miller-Seiu Member Education And Training Center Chicago, IL | $1,177,324 | $3,731,145 |