Eleven Fifty Academy Inc

Nonprofit profile at a glance

EIN
472662508
IRS 990 coverage
2015–2020
Forms available
Form 990 2020
Location
Indianapolis, IN, USA
Phone
8559251150
Rating
68
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Adult, Continuing Education

Reported finances

Revenue
$9,593,368
Expenses
$10,574,324
Assets
$3,381,484
Liabilities
$3,681,910

Source: IRS Form 990. Selected filing: tax year 2020. Amounts in USD.

Leadership & pay

10 people listed

Executive titles in this filing

  • SCOTT A JONES (PRESIDENT/CHAIRMAN)

Highest reported compensation

  • SCOTT A JONES (PRESIDENT/CHAIRMAN): $349,718 total reported compensation
  • DEWAND NEELY (CHIEF OPERATING OFFICER): $202,507 total reported compensation
  • JONATHAN HUER (EMPLOYEE): $180,127 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2020. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

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.

What it reported doing in 2020

In 2019, we started offering cybersecurity and python courses, and added a 24-week part time course option. Both the 24-week and 12-week accelerated learning programs focused on enhancing the tech skills of our students through an intensive and immersive program. In 2020, we also started offering online courses to students in states other than Indiana. In 2020 we had about 250 graduates across all of our programs. Student graduation and placement rates remain high. Compensation of our graduates has been significantly higher after completing the eveven fifty academy programs.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, classes and curriculum were modified to offer online classes to students as a result of the covid-19 pandemic.during 2020, eleven fifty worked on remodeling the new heaquarters in downtown indianiapolis.

Operating model

Revenue model
Earned-program. 87% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 98% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 51
  • Transparency & Controls: 83
  • Accountability: 85
  • Sustainability: 10
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 59.1%; rating input score 59
  • Program expense ratio: 53.7%; rating input score 54
  • Fundraising efficiency: $2.6 raised per $1 spent on fundraising; rating input score 4; 4th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 3 of 6 controls in place; rating input score 50
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 71st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 75%; rating input score 75; 13th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -10.2%; rating input score 9; 9th percentile among comparable filings
  • Total-asset coverage ratio: 0.32; rating input score 9; 9th percentile among comparable filings
  • Liabilities to assets ratio: 1.09; rating input score 4; 4th percentile among comparable filings
  • Officer compensation ratio: 11.7%; rating input score 24; 24th percentile among comparable filings

Growth

  • Program expense growth: 31.1% per year; rating input score 100; 93rd percentile among comparable filings
  • Revenue growth: 32.5% per year; rating input score 100; 95th percentile among comparable filings
  • Asset growth: 42% per year; rating input score 100; 96th percentile among comparable filings

Details

  • Where the money goes: 59.1% of revenue deployed · 53.7% of spending went to programs
  • Governance: 3 of 4 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $5.7M in reported program spending
  • Leadership: top reported pay $350K · 10 people listed · 3 of 6 pay-setting controls reported
  • Highest-paid contractors: 2 contractors listed · $232K reported
  • Consistency: 31 of 31 current checks pass
  • Schedules: 7 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 6 filing years from 2015 to 2020
  • Contacts: How to reach this organization
  • Money network: 8 filed money-flow records
  • Related organizations: 3 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • Review — Financial Efficiency: Mission deployment rate scored 59/100.
  • Review — Financial Efficiency: Program expense ratio scored 54/100.
  • High — Financial Efficiency: Fundraising efficiency scored 4/100.
  • High — Sustainability: Operating margin scored 9/100.
  • High — Sustainability: Total-asset coverage ratio scored 9/100.
  • High — Sustainability: Liabilities to assets ratio scored 4/100.
  • High — Sustainability: Officer compensation ratio scored 24/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.