Eleven Fifty Academy Inc

Organization Overview

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.

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.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Metonymy Media Llc
Consulting
$176,375
Innopower Llc
Consulting
$130,800
Climb Investco Llc
Consulting
$128,533
Gha Technologies Inc
Consulting
$112,047
Grow Indiana Media Ventures Llc
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$100,808
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Financial Statements

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

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