Iwu Accelerator EIN 88-4416645

Iwu Accelerator

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Develops tech talent to benefit individuals, employers, and communities. For fiscal year 2025 it reported $904K in revenue, $993K in expenses.Pt I

Type
Public charity (501(c)(3)) · Education
Location
Marion, IN
Website
elevenfifty.org
Filings
3 on file (2023–2025)
Revenue
$904KFY2025
Expenses
$993K
Net assets
$0
People
8
Filings
3
Updates
0
More identity details & actions ⌄
EIN  88-4416645 Public charity (501(c)(3)) Marion, IN
Form 990 (PDF)
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Size
$100K–1M
What they do
Develops tech talent to benefit individuals, employers, and communities.
Leadership
John Qualls · Executive Director · $113K
Money in and out
$904K revenue, $993K expenses
Bottom line
83% program efficiency
Where the money goes · FY2025
Total revenue
$904K
Pt VIII · Ln 12
Total expenses
$993K
Pt IX · Ln 25
Net assets
$0
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$89K
Where spending went · Part IX cols B–D
Program services $0.83 Management & general $0.17
Program efficiency
83%
of spending reaches programs▼ -6% vs prior filing year
Surplus margin
-10%
revenue over expenses, this year▲ +62% vs prior filing year
Donor-funded
74%
of revenue is gifts & grants▲ +391% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$904K
FY2025▼ -62%
Expenses
$993K
FY2025▼ -67%
Total assets
$0
FY2025▼ -100%
Total liabilities
$0
FY2025▼ -100%
Total revenue
$904K
Pt VIII · Ln 12
Total expenses
$993K
Pt IX · Ln 25
Net assets
$0
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$89K
Total assetsPt X · Ln 16$0
Program-expense ratioPt IX · col B83%
Voting members of governing bodyPt I · Ln 38
Independent voting membersPt I · Ln 42
Mission & Programs · Part III

Where the work happens

3 program services account for $820K of program spending, described in the organization's own filed words · FY2024.
01

Ai Workshops, Conferences and Courses to provide fast, relevant Ai information and training, both in-person and virtual, designed to drive both professional and personal development.

$486Kprogram expense
02

Digital Literacy programming where participants learn computer basics, internet basics, email, career search skills and K-12 virtual learning support. The participants receive assistance to ensure they have the basic technology fluency, reading ability, and critical thinking capabilities needed to learn software development or…

$198Kprogram expense
03

Technology courses in cyber security and software development offered in 13-WEEK or 26-WEEK classes. One cyber and one software course is offered every 4 to 6 weeks rotating between full time and part time.

$136Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CIwu Accelerator
EINHdr · item D88-4416645
Principal addressHdr · item CMarion, IN
WebsiteHdr · item Jelevenfifty.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MIN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B60)
Ruling yearIRS BMFNov 2023

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a8
Independent voting membersPt VI · Ln 1b2
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Executive Director
$112,967Pt VII · Sec A
Director
$0Pt VII · Sec A
Vice-Chair and Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Board Chair and President
$0Pt VII · Sec A
Treasurer and Director (beg 7/8/24)
$0Pt VII · Sec A
Secretary and Director
$0Pt VII · Sec A
$0Pt VII · Sec A

John Qualls’s $113K as Executive Director is at the 88th percentile of top reported officer pay among 1616 $100K–1M 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

NameFY2025FY2024FY2023
John Qualls$112,967$86,868$7,500

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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Statement of Revenue

Part VIII
Contributions & grants$667K · 74%
Program service revenue$236K · 26%
Contributions & grants74%$667K
Program service revenue26%$236K
Investment income$1K
Total revenueLn 12$904K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.83 Management & general $0.17
Program services83%$820K
Management & general17%$173K
Total functional expensesLn 25$993K

Balance Sheet

Part X · end of year
CashLn 1
Total assetsLn 16$0
Total liabilitiesLn 26$0
Total net assetsLn 32$0

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves — · Operating expenses/yr $993K
Highly liquid reserves (cash & marketable securities on Pt X) ÷ monthly operating expenses (Pt IX total, less non-cash grants & depreciation when reported).
Where the money goes
Program services
Program services $820K · Total expenses $993K
83%
Management & General
Management & general $173K · Total expenses $993K
17%
Fundraising
Fundraising $0 · Total expenses $993K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $775K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $667K · Total revenue $904K
74%
Government reliance
Government grants — · Total revenue $904K
Earned-income share
Program service revenue $236K · Total revenue $904K
26%
Investment reliance
Investment income $1K · Total revenue $904K
+0.1%
Program self-sufficiency
Program service revenue $236K · Total expenses $993K
24%
Growth & trend
Revenue growth (YoY)
This year $904K · Prior year $2.4M
-62%
Net-asset trend (YoY)
End of year $0 · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $904K · Expenses $993K
-10%
Liabilities-to-Assets
Total liabilities — · Total assets $0
Net-asset ratio
Net assets $0 · Total assets $0
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $0
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual John Qualls · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $113K · Total expenses $993K
11%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $401K · Total expenses $993K
40%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 83%
Overhead ratio 17%
Fundraising cost ratio 0%
Revenue growth -62%
Legal fee ratio 0%
Accounting fee ratio 3%
Fundraising fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · this organization's grantmaking
Grants paid · 3 grants · $1.0M · 2022–2024
Unitemized GrantFY2024$43,233
Unitemized GrantFY2023$702,183
Unitemized GrantFY2022$297,433

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$904K revenue · viewing · ⤓ 990 PDF
FY2024$2.4M revenue · ⤓ 990 PDF
FY2023$2.0M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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