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Elevate Indianapolis INC FY2022 filing

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Indianapolis, IN501(c)(3)Education EIN 81-0807405Revenue $1.4M in FY2022

From the org elevateindy.org

On file with the IRS2834 E Washington St, 46201-4215 · Indianapolis, INTax-exempt since Jun 2016Publicly supported charity — 170(b)(1)(A)(vi)

Provided by the organization

Building long-term, life-changing relationships with Indianapolis urban youth, equipping them to thrive and contribute to their community.

Elevate Indianapolis builds long-term, life-changing relationships with Indianapolis urban youth through holistic, life-on-life mentoring. Our full-time teacher-mentors walk alongside students from grade school through high school graduation and into their post-secondary and career pursuits, combining state-accredited in-school classes, college and career readiness (Pathways to Purpose), sports and adventure experiences, and family and alumni support. Now in our second decade, we serve 1,500+ students across 11 partner schools, with a 2024-25 graduation rate of 100% and a five-year average of

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  • Email
  • Phone
  • Mailing addressP.O. Box 441456, Indianapolis, IN 46244

Our mission is to build long-term, life-changing relationships with Indianapolis urban youth, equipping them to thrive and contribute to their community

501(c)(3) charity; gifts are tax-deductible.
80¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $334K a year · 19% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
80%
of spending
Looks good: 80% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
12 mo
of spending, in cash
Looks good: 11.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
16
named funders · $810K
Looks good: 16 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$718K
46% of total assets
Looks good: liabilities are 46% of assets; 50% or less.
Pt X · Ln 26
Independent board members
14
of 14 voting members
Looks good: 14 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.4M
+64% vs prior year
Spent
$1.1M
To programs
80%
Net assets
$835K
By yearFY2021–FY2025
Revenue
$1.4M
FY2022▲ +64%
Tap a bar for its year
Revenue by fiscal year
FY2021$876K
FY2022$1.4M
FY2023$2.1M
FY2024$2.2M
FY2025$2.5M
Expenses
$1.1M
FY2022▲ +43%
Tap a bar for its year
Expenses by fiscal year
FY2021$759K
FY2022$1.1M
FY2023$1.8M
FY2024$1.7M
FY2025$2.0M
Net assets
$835K
FY2022▲ +73%
Tap a bar for its year
Net assets by fiscal year
FY2021$482K
FY2022$835K
FY2023$1.1M
FY2024$1.5M
FY2025$2.0M

From the FY2022 Form 990 (year ending June 2022) · figures checked against the IRS filing · see the original

Give
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 2016.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

80 cents of each dollar spent went to programs.

Program services 80% · $861K Management & general 16% · $169K Fundraising 5% · $53K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

14 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Don Palmer
Board Member
$0Pt VII · Sec A
Vincent Ash
Board Member
$0Pt VII · Sec A
Pete Watson
Board Member
$0Pt VII · Sec A
Kraig Kinchen
Board Member
$0Pt VII · Sec A
Lezlie Heath
Board Member
$0Pt VII · Sec A
Bob Whitacre
Board Member
$0Pt VII · Sec A
Brandon Powell
Board Member
$0Pt VII · Sec A
Michael McCulloch
Board Member
$0Pt VII · Sec A

Aaron Story’s $98K as President and CEO is at the 30th percentile of top reported officer pay among 3395 $1–10M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2021
Aaron Story$98,000$98,000$98,000$74,411

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Elevate Indianapolis INC executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Builds lasting relationships with urban youth, empowering them to succeed and help their community.

Questions for Elevate Indianapolis INC

Tap to ask. Elevate Indianapolis INC sees how many people are interested.

Your first name shows with your question. Elevate Indianapolis INC answers here, for everyone.

1 program · $861K · in their own filed words · FY2021
01

Our mission is to build long-term, life-changing relationships with Indianapolis urban youth, equipping them to thrive and contribute to their community

$861Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
The Indianapolis Foundation INCFY2024$234K
Arthur Dean Family Foundation INCFY2024$210K
Natl Christian Charitable Fdn INCFY2024$112K
Experiential Learning & Entreprenuership Foundation INCFY2024$75K
Lilly Endowment INCFY2024$33K
Elevate USAFY2024$25K
Fidelity Investments Charitable Gift FundFY2024$23K
Children's Bureau INCFY2024$22K
Total grants receivedfrom 16 funders$810K
See all 16 funders →

By the numbers

Org confirmed 0 of 10 linesconfirmednot yet

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.4M
Ln 12
Gifts and grantsLn 1h$1.4M
Other incomeLn 4–11$325
Investment incomeLn 3$21
Money outPt IX
$1.1M
Ln 25
Programscol B$861K
Managementcol C$169K
Fundraisingcol D$53K
Owns and owesPt X
$835K
net assets · Ln 32
Cash and savingsLn 1–2$1.1M
Total assetsLn 16$1.6M
LiabilitiesLn 26$718K
PeoplePt VI, VII
14
listed · VII A
PaidVII A0
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.4M
Investment incomeLn 3$21
Other incomeLn 4–11$325
Total revenueLn 12$1.4M
Assets in detailPt X, end of year
CashLn 1$1.1M
Cash and savings togetherLn 1–2$1.1M
Land, buildings, equipmentLn 10c$15K
Total assetsLn 16$1.6M
LiabilitiesLn 26$718K
Net assetsLn 32$835K
OperationsPt I, VI
EmployeesI 50
VolunteersI 685
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$460K$1.1M
Land, buildings, equipmentLn 10c$21K$15K
Total assetsLn 16$482K$1.6M
LiabilitiesLn 26$0$718K
Net assetsLn 32$482K$835K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$754K$604K$113K$38K
Management feesLn 11a$32K$15K$17K
Other fees for servicesLn 11g$2K$2K
Advertising and promotionLn 12$13K$5K$3K$5K
Office expensesLn 13$14K$8K$5K$690
Information technologyLn 14$11K$9K$2K$574
OccupancyLn 16$8K$7K$1K
TravelLn 17$24K$13K$11K
Depreciation, depletion and amortizationLn 22$6K$6K
InsuranceLn 23$9K$5K$4K
Other expenses (24a–d)Ln 24$203K$186K$8K$9K
All other expensesLn 24e$6K$3K$3K
Total functional expensesLn 25$1.1M$861K$169K$53K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $2.5M$2.0M$499K$2.0M 990 PDF
FY2024 $2.2M$1.7M$421K$1.5M 990 PDF
FY2023 $2.1M$1.8M$278K$1.1M 990 PDF
FY2022 Viewing $1.4M$1.1M$356K$835K 990 PDF
FY2021 $876K$759K$117K$482K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $1,439,014 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $866,961$1,438,668
I-9 Program service revenue$0
I-10 Investment incomePrior year $4,523$21
I-11 Other revenuePrior year $4,199$325
I-12 Total revenuePrior year $875,683$1,439,014
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $552,011$754,435
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $206,746$328,459
I-18 Total expensesPrior year $758,757$1,082,894
I-19 Revenue less expensesPrior year $116,926$356,120
Part VI · Governance 14 of 14 board members independent, no flags
VI-1a Voting members of the governing body14
VI-1b Independent voting members14
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,439,014 across 5 lines filed
VIII-1f All other contributions, gifts and grants$1,438,668
VIII-1h Total contributions, gifts and grants$1,438,668
VIII-3 Investment incomeRelated to mission $21$21
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $325$325
VIII-12 Total revenueRelated to mission $346 · Unrelated business $0 · Excluded from tax $0$1,439,014
Part IX · Statement of functional expenses $1,082,894 across 12 lines filed
IX-7 Other salaries and wagesPrograms $603,548 · Management $113,165 · Fundraising $37,722$754,435
IX-11a Management feesPrograms $15,224 · Management $16,584$31,808
IX-11g Other fees for servicesManagement $2,170$2,170
IX-12 Advertising and promotionPrograms $5,060 · Management $2,530 · Fundraising $5,060$12,650
IX-13 Office expensesPrograms $8,279 · Management $4,829 · Fundraising $690$13,798
IX-14 Information technologyPrograms $9,183 · Management $1,722 · Fundraising $574$11,479
IX-16 OccupancyPrograms $6,885 · Management $1,215$8,100
IX-17 TravelPrograms $12,947 · Management $11,275$24,222
IX-22 Depreciation, depletion and amortizationPrograms $6,336$6,336
IX-23 InsurancePrograms $5,060 · Management $4,140$9,200
IX-24 Other expenses (24a–d)Programs $185,652 · Management $8,188 · Fundraising $9,083$202,923
IX-24e All other expensesPrograms $2,837 · Management $2,936$5,773
IX-25 Total functional expensesPrograms $861,011 · Management $168,754 · Fundraising $53,129$1,082,894
Part X · Balance sheet $1,553,090 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $459,911$1,059,929
X-3 Pledges and grants receivable$478,590
X-10c Land, buildings and equipment, netStart of year $20,907$14,571
X-16 Total assetsStart of year $481,829$1,553,090
X-17 Accounts payable and accrued expenses$26,724
X-19 Deferred revenue$691,567
X-26 Total liabilitiesStart of year $0$718,291
X-27 Net assets without donor restrictionsStart of year $481,829$594,799
X-28 Net assets with donor restrictions$240,000
X-32 Total net assets or fund balancesStart of year $481,829$834,799
X-33 Total liabilities and net assetsStart of year $481,829$1,553,090
Part XI · Reconciliation of net assets $834,799 net assets at year end
XI-1 Total revenue$1,439,014
XI-2 Total expenses$1,082,894
XI-3 Revenue less expenses$356,120
XI-4 Net assets at start of year$481,829
XI-8 Prior period adjustments−$3,150
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$834,799

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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