Overview
What is Eleven Fifty Academy Inc?
Eleven Fifty Academy Inc is a nonprofit organization located in Indianapolis, Indiana. Their primary mission is to bridge the nation's technology skills gap by cultivating a thriving ecosystem of tech talent that benefits individuals, their employers, and their communities. The Academy offers various classes in software development, cybersecurity, and user interface design, lasting from 2 to 6 months. These immersive, rapid-learning programs are available both in-person and online. Eleven Fifty Academy prioritizes diversity, teamwork, quality, learning, leadership, and fun, and has expanded its reach to support women, veterans, people of color, and other vulnerable populations. The organization has earned recognition, including the Talent Impact Award for the state of Indiana, and boasts impressive statistics: a graduation rate of 85% and a placement rate of 67%, with starting salaries averaging $55,000. Through community partnerships and industry collaborations, Eleven Fifty Academy continues to adapt and expand, even in the face of challenges like the COVID-19 pandemic.
Official website here: www.elevenfifty.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Eleven Fifty Academy Inc has received a Two-Star out of Four Star rating from Charity Navigator, with an overall score of 64%. The organization demonstrates strengths in governance, with a fully independent board and robust policies in place, including conflict of interest and whistleblower policies. Additionally, it has shown no material diversion of assets, indicating a commitment to accountability and financial integrity.
However, there are several notable limitations that have impacted the overall rating. The liabilities to assets ratio is concerning at 172.23%, and the program expense ratio is relatively low at 56.53%, suggesting that a significant portion of the budget may not be directed towards programs. Furthermore, the nonprofit has failed to post its tax form on its website, which detracts from transparency.
While Eleven Fifty Academy has established a strong governance framework, improvement is needed in financial management and program funding. Addressing these areas could enhance its operational effectiveness and improve its rating in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Eleven Fifty Academy Inc legitimate?
Eleven Fifty Academy Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Eleven Fifty Academy Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $1,037,628
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,551,161
For more financial information, click here
Official website here: www.elevenfifty.org
What is the mission statement of Eleven Fifty Academy Inc?
Eleven Fifty Academy Inc is dedicated to addressing the expanding technology skills gap in the nation. Their mission is to establish an ecosystem of tech talent that positively impacts individuals, their employers, and their communities. The organization's vision is to enable those with an interest and latent passion for technology to reach their full potential. They achieve their mission and vision through their core values: diversity, teamwork, quality, learning, leadership, and fun. These values guide their efforts to create opportunities for individuals to develop tech skills and advance their careers.
Official website here: www.elevenfifty.org
Who is the CEO of Eleven Fifty Academy Inc?
Scott A Jones is the President/Chairman of Eleven Fifty Academy Inc.
Official website here: www.elevenfifty.org
What is the revenue of Eleven Fifty Academy Inc?
Eleven Fifty Academy Inc's revenue in 2021 was $14,569,317.
Official website here: www.elevenfifty.org
Who are the executives of Eleven Fifty Academy Inc and what are their salaries?
The average compensation at Eleven Fifty Academy Inc during 2021 was $45,437. There are 123 employees and 50 volunteers at Eleven Fifty Academy Inc.
Here are 10 key members and their salaries:
- Compensation: $170,748
- Related: $0
- Other: $27,240
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $134,264
- Related: $0
- Other: $21,258
- Compensation: $153,475
- Related: $0
- Other: $6,018
- Compensation: $110,918
- Related: $0
- Other: $14,922
- Compensation: $110,583
- Related: $0
- Other: $5,858
- Compensation: $138,302
- Related: $0
- Other: $0
- Compensation: $116,237
- Related: $0
- Other: $27,805
Official website here: www.elevenfifty.org
Where can I find the form 990 for Eleven Fifty Academy Inc?
Eleven Fifty Academy Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.elevenfifty.org
Learn more at the official website: www.elevenfifty.org
Mission Statement of Eleven Fifty Academy Inc
Eleven Fifty Academy, a forward-thinking organization, strives to bridge the nation's expanding technology skills gap by fostering a community of skilled technology professionals. This community benefits not only the individuals, who get the opportunity to fully actualize their potential in technology, but also their employers and their communities. Eleven Fifty Academy's vision is to empower every individual with a hidden passion for technology, regardless of their background.
The academy achieves its mission through its core values of diversity, teamwork, quality, learning, leadership, and fun. By embracing diversity, Eleven Fifty Academy creates an inclusive environment where individuals from all walks of life can learn and grow. Teamwork is another essential value, as students collaborate and learn from each other, preparing them for the real world of technology. The academy places a high emphasis on delivering quality education, ensuring that its students receive the best possible training.
Learning is at the heart of Eleven Fifty Academy's mission. Students engage in a dynamic learning environment, where they can explore various aspects of technology, develop new skills, and build a solid foundation for their future careers. The academy also fosters leadership qualities in its students, preparing them to take on roles of responsibility and to become leaders in their field.
In summary, Eleven Fifty Academy is a trailblazing nonprofit committed to addressing the technology skills gap by creating an ecosystem of skilled technology talent. Through its core values, the academy provides a transformative learning experience that benefits individuals, their employers, and their communities.
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Impact
October, 2024
Eleven Fifty Academy Inc significantly impacts the technology sector by addressing the critical skills gap in the industry. By providing intensive training in software development, cybersecurity, and user interface design, the Academy equips individuals with the necessary skills to thrive in a rapidly evolving job market.
With a robust graduation rate of 85% and a placement rate of 67%, graduates earn starting salaries of around $55,000—substantially higher than their pre-academy wages. Within four years, their earnings can match or exceed those of traditional university graduates, while they avoid accumulating significant student debt. This economic uplift not only benefits the graduates but also stimulates local communities through increased financial stability.
The Academy fosters an inclusive environment by targeting underrepresented groups, including women, veterans, people of color, and vulnerable populations. Through initiatives like "Advancing Tech in 46218," it creates pathways for individuals from high-crime areas to break the cycle of poverty and develop fulfilling careers.
Furthermore, the Academy collaborates with employers to design industry-driven curricula, ensuring that training aligns with real-world needs. This focus on quality education and community engagement fosters a diverse ecosystem of technology talent that benefits individuals, employers, and the broader community. In 2021, the Academy’s efforts earned it the Talent Impact Award for the state of Indiana, recognizing its essential role in workforce development and economic revitalization.
This information is meant to be a general summary of Eleven Fifty Academy Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2021.
- Program Service Revenue: $11,380,225
- Gross Receipts: $14,569,317
Assets and Liabilities:
- Total Assets: $2,885,301
- Total Liabilities: $4,969,409
- Net Assets: -$2,084,108
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION
Revenue
$11,379,609
OTHER SERVICES
Revenue
$616
Organization Details
Founding Year
2015
Phone
(855) 925-1150Principal Officer
Scott A Jones
Main Address
151 W OHIO ST SUITE 170, INDIANAPOLIS, IN, 46204
Website
www.elevenfifty.orgNTEE Category
Code: B60 - Education
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