Elevate Indianapolis INC: FY2024 Nonprofit Profile & Form 990 (EIN 81-0807405)

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

Name	FY2025	FY2024	FY2023	FY2021
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.

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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.

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1 program · $1.4M · in their own filed words · FY2023

01

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

$1.4Mprogram 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

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By the numbers

Org confirmed 0 of 9 linesconfirmednot yet

The FY2024 990, line by line.

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from philanthropy.org

1The main four

Money inPt VIII

$2.2M

Ln 12

Gifts and grantsLn 1h$2.1M

Investment incomeLn 3$17K

Money outPt IX

$1.7M

Ln 25

Programscol B$1.4M

Managementcol C$269K

Fundraisingcol D$80K

Owns and owesPt X

$1.5M

net assets · Ln 32

Cash and savingsLn 1–2$1.6M

Total assetsLn 16$1.9M

LiabilitiesLn 26$325K

PeoplePt VI, VII

14

listed · VII A

PaidVII A1

Voting boardVI 1a14

IndependentVI 1b14

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$2.1M

Investment incomeLn 3$17K

Total revenueLn 12$2.2M

Assets in detailPt X, end of year

CashLn 1$1.6M

Cash and savings togetherLn 1–2$1.6M

Land, buildings, equipmentLn 10c$50K

Total assetsLn 16$1.9M

LiabilitiesLn 26$325K

Net assetsLn 32$1.5M

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

Line	Start FY24	End FY24
Cash and savingsLn 1–2	$1.4M	$1.6M
Land, buildings, equipmentLn 10c	$65K	$50K
Total assetsLn 16	$1.8M	$1.9M
LiabilitiesLn 26	$723K	$325K
Net assetsLn 32	$1.1M	$1.5M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Pay of current officers, directors and key staffLn 5	$98K	$78K	$15K	$5K
Other salaries and wagesLn 7	$967K	$774K	$145K	$48K
Payroll taxesLn 10	$80K	$64K	$12K	$4K
Management feesLn 11a	$117K	$76K	$41K
Advertising and promotionLn 12	$19K	$8K	$4K	$8K
Office expensesLn 13	$21K	$12K	$7K	$1K
Information technologyLn 14	$32K	$25K	$5K	$2K
OccupancyLn 16	$24K	$21K	$4K
TravelLn 17	$35K	$18K	$18K
Depreciation, depletion and amortizationLn 22	$18K	$16K	$3K
InsuranceLn 23	$13K	$7K	$6K
Other expenses (24a–d)Ln 24	$304K	$282K	$10K	$12K
All other expensesLn 24e	$2K	$2K
Total functional expensesLn 25	$1.7M	$1.4M	$269K	$80K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest	$2.5M	$2.0M	$499K	$2.0M	990 PDF
FY2024 Viewing	$2.2M	$1.7M	$421K	$1.5M	990 PDF
FY2023	$2.1M	$1.8M	$278K	$1.1M	990 PDF
FY2022	$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 FY2024 990 (6 parts)

Part I · Summary $2,151,942 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $2,063,151$2,135,011

I-9 Program service revenue$0

I-10 Investment incomePrior year $1,282$16,931

I-11 Other revenue$0

I-12 Total revenuePrior year $2,064,433$2,151,942

I-13 Grants and similar amounts paid$0

I-14 Benefits paid to members$0

I-15 Salaries and benefitsPrior year $1,120,235$1,144,985

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $666,248$586,153

I-18 Total expensesPrior year $1,786,483$1,731,138

I-19 Revenue less expensesPrior year $277,950$420,804

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 $2,151,942 across 4 lines filed

VIII-1f All other contributions, gifts and grants$2,135,011

VIII-1h Total contributions, gifts and grants$2,135,011

VIII-3 Investment incomeRelated to mission $16,931$16,931

VIII-12 Total revenueRelated to mission $16,931 · Unrelated business $0 · Excluded from tax $0$2,151,942

Part IX · Statement of functional expenses $1,731,138 across 13 lines filed

IX-5 Pay of current officers, directors and key staffPrograms $78,400 · Management $14,700 · Fundraising $4,900$98,000

IX-7 Other salaries and wagesPrograms $773,600 · Management $145,050 · Fundraising $48,350$967,000

IX-10 Payroll taxesPrograms $63,988 · Management $11,998 · Fundraising $3,999$79,985

IX-11a Management feesPrograms $76,210 · Management $41,036$117,246

IX-12 Advertising and promotionPrograms $7,552 · Management $3,776 · Fundraising $7,552$18,880

IX-13 Office expensesPrograms $12,486 · Management $7,283 · Fundraising $1,040$20,809

IX-14 Information technologyPrograms $25,274 · Management $4,739 · Fundraising $1,580$31,593

IX-16 OccupancyPrograms $20,750 · Management $3,662$24,412

IX-17 TravelPrograms $17,640 · Management $17,640$35,280

IX-22 Depreciation, depletion and amortizationPrograms $15,577 · Management $2,749$18,326

IX-23 InsurancePrograms $7,244 · Management $5,927$13,171

IX-24 Other expenses (24a–d)Programs $281,802 · Management $10,183 · Fundraising $12,425$304,410

IX-24e All other expensesPrograms $2,026$2,026

IX-25 Total functional expensesPrograms $1,382,549 · Management $268,743 · Fundraising $79,846$1,731,138

Part X · Balance sheet $1,858,646 assets, 10 lines filed

X-1 Cash, non-interest-bearingStart of year $1,357,933$1,619,891

X-3 Pledges and grants receivableStart of year $412,450$188,387

X-10c Land, buildings and equipment, netStart of year $64,965$50,368

X-16 Total assetsStart of year $1,835,348$1,858,646

X-17 Accounts payable and accrued expensesStart of year $61,825$14,042

X-19 Deferred revenueStart of year $660,774$311,051

X-26 Total liabilitiesStart of year $722,599$325,093

X-27 Net assets without donor restrictionsStart of year $962,749$1,533,553

X-32 Total net assets or fund balancesStart of year $1,112,749$1,533,553

X-33 Total liabilities and net assetsStart of year $1,835,348$1,858,646

Part XI · Reconciliation of net assets $1,533,553 net assets at year end

XI-1 Total revenue$2,151,942

XI-2 Total expenses$1,731,138

XI-3 Revenue less expenses$420,804

XI-4 Net assets at start of year$1,112,749

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$1,533,553

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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Elevate Indianapolis INC FY2024 filing

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