Elevate Indianapolis Inc

EIN: 810807405 501(c)(3) Education

Indianapolis, IN

Total Revenue
$2,465,138
Total Expenses
$1,965,651
Total Assets
$2,115,543
Net Assets
$2,033,040
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
IN
Phone
3176435327
Tax Period
2024-07-01 to 2025-06-30

Elevate Indianapolis Inc, founded in 2016, is a community nonprofit in the Education sector that reported $2.5M in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. The organization ran a surplus of $499K, a strong 20% operating margin.

Mission

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

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,437,797
Program Service Revenue $0
Investment Income $27,341
Other Revenue $0
TOTAL REVENUE $2,465,138

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,245,660
Fundraising Expenses $146,577
Program Expenses $1,533,967
Other Expenses $719,991
TOTAL EXPENSES $1,965,651

Year-over-Year Comparison

2024 2023 Change
Revenue $2,465,138 $2,151,942 +0.1%
Expenses $1,965,651 $1,731,138 +0.1%
Net Income $499,487 $420,804 +0.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Governance

Voting Members
14
Independent Members
14
Employees
N/A
Volunteers
100

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$98,000
Total Directors
14
$98,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Aaron Story President and CEO 40.00
Officer Director
$98,000 $0 $98,000
Shadreck Kamwendo Board Member 1.00
Director
$0 $0 $0
Julie Welch CPA Board Member 1.00
Director
$0 $0 $0
Brandon Powell Board Member 1.00
Director
$0 $0 $0
Steve Cosler Board Member 1.00
Director
$0 $0 $0
Kraig Kinchen Board Member 1.00
Director
$0 $0 $0
Jed Kay Board Member 1.00
Director
$0 $0 $0
Amandula Anderson Board Member 1.00
Director
$0 $0 $0
Berthran Ugeh Board Member 1.00
Director
$0 $0 $0
Fabio Yataco Board Member 1.00
Director
$0 $0 $0
Jed Lee Board Member 1.00
Director
$0 $0 $0
Ashley Lough Board Member 1.00
Director
$0 $0 $0
Kristen Abbott Board Member 1.00
Director
$0 $0 $0
Vincent Ash Chairman 4.00
Officer Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $2,465,138 $1,965,651 $2,115,543 $499,487
2024 $2,151,942 $1,731,138 $1,858,646 $420,804
2023 $2,064,433 $1,786,483 $1,835,348 $277,950
2022 $1,439,014 $1,082,894 $1,553,090 $356,120
2021 $875,683 $758,757 $481,829 $116,926
2020 $815,973 $603,682 $444,103 $212,291
2019 $678,580 $515,544 $156,573 $163,036
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