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← IWU ACCELERATOR

Form 990 for tax year 2023

Filed by IWU ACCELERATOR.

Totals

Total revenue
$2,386,203
Total expenses
$2,997,294
Contributions and grants received
$358,725
Grants paid
$702,183
Program service revenue
$2,023,061
Investment income
$4,417
Other revenue
$0
Total assets, end of year
$337,966
Total liabilities, end of year
$248,977
Net assets or fund balances, end of year
$88,989
Program services expenses (Part IX)
$2,634,249
Management and general expenses
$363,045
Fundraising expenses
$0
Program service expenses (Part III)
$2,634,249

Program services were 87.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $250,000

  • 1f · All other contributions, gifts and grants

    $108,725

  • 2a · Program service revenue: TUITION & FEES

    total $1,961,396 · related or exempt $1,961,396

  • 2b · Program service revenue: MISC.

    total $61,665 · related or exempt $61,665

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $4,417 · excluded $4,417

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $702,183 · program services $702,183

  • 5 · Compensation of officers, directors and key employees

    total $137,874 · program services $40,602 · management and general $97,272

  • 7 · Other salaries and wages

    total $965,943 · program services $897,938 · management and general $68,005

  • 8 · Pension plan contributions

    total $5,899 · program services $3,551 · management and general $2,348

  • 9 · Other employee benefits

    total $107,845 · program services $83,637 · management and general $24,208

  • 10 · Payroll taxes

    total $89,269 · program services $74,407 · management and general $14,862

  • 11a · Fees: management

    total $93,841 · program services $93,841

  • 11b · Fees: legal

    total $1,170 · management and general $1,170

  • 11c · Fees: accounting

    total $60,086 · management and general $60,086

  • 11g · Fees: other

    total $210,687 · program services $192,976 · management and general $17,711 · fundraising $0

  • 12 · Advertising and promotion

    total $291,977 · program services $291,830 · management and general $147

  • 13 · Office expenses

    total $49,134 · program services $45,715 · management and general $3,419

  • 14 · Information technology

    total $112,722 · program services $69,019 · management and general $43,703

  • 16 · Occupancy

    total $11,800 · management and general $11,800

  • 17 · Travel

    total $37,236 · program services $32,838 · management and general $4,398

  • 19 · Conferences, conventions and meetings

    total $225 · program services $225

  • 22 · Depreciation, depletion and amortization

    total $10,067 · program services $10,067

  • 23 · Insurance

    total $36,582 · program services $32,332 · management and general $4,250

  • 24a · Other expenses: OTHER

    total $24,398 · program services $24,398

  • 24b · Other expenses: SPONSORSHIP AND EVENTS

    total $23,489 · program services $23,489

  • 24c · Other expenses: MEMBERSHIP AND DUES

    total $12,744 · program services $6,317 · management and general $6,427

  • 24d · Other expenses: BANK AND COLLECTION FEES

    total $12,123 · program services $8,884 · management and general $3,239

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $482,237 · end of year $252,919

  • 4 · Accounts receivable

    beginning of year $529,725 · end of year $80,797

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $11,787 · end of year $4,250

  • 10a · Land, buildings and equipment: cost or other basis

    $0

  • 10b · Land, buildings and equipment: accumulated depreciation

    $0

  • 10c · Land, buildings and equipment, net

    end of year $0

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $29,963 · end of year $128,054

  • 22 · Loans and payables to officers and key people

    end of year $0

  • 25 · Other liabilities

    beginning of year $293,706 · end of year $120,923

  • 27 · Net assets without donor restrictions

    beginning of year $400,080 · end of year -$82,831

  • 28 · Net assets with donor restrictions

    beginning of year $300,000 · end of year $171,820

Mission and programs · 2023

Mission

THE MISSION OF ELEVEN FIFTY ACADEMY IS TO BUILD AN ECOSYSTEM OF TECH TALENT THAT FINANCIALLY BENEFITS THE INDIVIDUAL, THEIR EMPLOYER, AND THEIR COMMUNITY.

  • 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.

    Expenses $2,248,080 · Grants $602,183 · Revenue $1,866,938

  • 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.

    Expenses $235,989 · Grants $75,000 · Revenue $156,123

  • 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 cybersecurity principles and skills.

    Expenses $150,180 · Grants $25,000

As filed on the 2023 return.

Listed in Part VII

  • John Qualls

    EXECUTIVE DIRECTOR

    Total calculated
    $87,826
    From this org
    $86,868
    From related orgs
    $0
    Other
    $958
    Hours/week
    40

  • Jon Kulaga

    Director

    Total calculated
    $393,192
    From this org
    $0
    From related orgs
    $327,158
    Other
    $66,034
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $300,146 related
    Bonus
    $0 + $24,240 related
    Other
    $0 + $2,772 related
    Deferred
    $0 + $18,180 related
    Nontaxable benefits
    $0 + $47,854 related
    Filer's total
    $0 + $393,192 related

  • Andrew Miller

    Vice-Chair and Director

    Total calculated
    $142,573
    From this org
    $0
    From related orgs
    $104,120
    Other
    $38,453
    Hours/week
    1 + 39 related

  • Barry Hines

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Eulala (Eileen) Hulme

    Board Chair and President

    Total calculated
    $171,350
    From this org
    $0
    From related orgs
    $165,304
    Other
    $6,046
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $158,286 related
    Bonus
    $0 + $4,848 related
    Other
    $0 + $2,170 related
    Deferred
    $0 + $3,232 related
    Nontaxable benefits
    $0 + $2,814 related
    Filer's total
    $0 + $171,350 related

  • Kevin Wachtel

    Secretary and Director

    Total calculated
    $170,546
    From this org
    $0
    From related orgs
    $156,738
    Other
    $13,808
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $152,701 related
    Bonus
    $0 + $2,897 related
    Other
    $0 + $1,140 related
    Deferred
    $0 + $5,794 related
    Nontaxable benefits
    $0 + $8,014 related
    Filer's total
    $0 + $170,546 related

  • Michael Hineline

    Director

    Total calculated
    $0
    Hours/week
    1

  • Nancy Schoonmaker

    Treasurer and Director (END 11/24)

    Total calculated
    $202,851
    From this org
    $0
    From related orgs
    $184,725
    Other
    $18,126
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $152,376 related
    Bonus
    $0 + $30,294 related
    Other
    $0 + $2,055 related
    Deferred
    $0 + $15,321 related
    Nontaxable benefits
    $0 + $2,805 related
    Filer's total
    $0 + $202,851 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
11 November 2024
IRS schema version
2023v5.1
Source object
202423169349301512

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