Elevate Indianapolis Inc
- Assets
- $1.8m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Indianapolis, IN
- Founding
- 06/2016
- Data as of
- 06/2023
- EIN
- 81-0807405
Organization Overview
Elevate Indianapolis Inc is located in Indianapolis, IN. The organization was established in 2016. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Elevate Indianapolis 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 06/2023, Elevate Indianapolis Inc generated $2.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 35.7% each year . All expenses for the organization totaled $1.8m during the year ending 06/2023. While expenses have increased by 31.5% per year over the past 6 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO BUILD LONG-TERM, LIFE-CHANGING RELATIONSHIPS WITH INDIANAPOLIS URBAN YOUTH, EQUIPPING THEM TO THRIVE AND CONTRIBUTE TO THEIR COMMUNITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR MISSION IS TO BUILD LONG-TERM, LIFE-CHANGING RELATIONSHIPS WITH INDIANAPOLIS URBAN YOUTH, EQUIPPING THEM TO THRIVE AND CONTRIBUTE TO THEIR COMMUNITY
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Aaron Story President And CEO | OfficerTrustee | 40 | $98,000 |
Amandula Anderson Board Member | Trustee | 1 | $0 |
Berthran Ugeh Board Member | Trustee | 1 | $0 |
Jed Kay Board Member | Trustee | 1 | $0 |
Kraig Kinchen Board Member | Trustee | 1 | $0 |
Brandon Powell Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $4,360 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,058,791 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $4,360 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,063,151 |
| Total Program Service Revenue | $0 |
| Investment income | $1,282 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $2,064,433 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $98,000 |
| Compensation of current officers, directors, key employees. | $14,700 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $942,600 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $79,635 |
| Fees for services: Management | $56,379 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $56,377 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,755 |
| Office expenses | $16,134 |
| Information technology | $26,652 |
| Royalties | $0 |
| Occupancy | $20,699 |
| Travel | $15,488 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,277 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $17,305 |
| Insurance | $9,212 |
| All other expenses | $638 |
| Total functional expenses | $1,786,483 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,357,933 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $412,450 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $64,965 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,835,348 |
| Accounts payable and accrued expenses | $61,825 |
| Grants payable | $0 |
| Deferred revenue | $660,774 |
| 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 | $0 |
| Total liabilities | $722,599 |
| Net assets without donor restrictions | $962,749 |
| Net assets with donor restrictions | $150,000 |
| 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 | $1,835,348 |