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EIN 84-2524363

Career Accelerator Fund Corporation

IRS 501(c) type
501(c)(3)
Num. employees
1
City
Indianapolis
State
Indiana
Year formed
2019
Most recent tax filings
2020-12-01
NTEE code, primary
B11: Education Single Organization Support
Description
Career Accelerator Fund Corporation champions financial access to education for students from diverse backgrounds. The organization addresses the modern workforce's need for inclusivity by offering a contemporary funding mechanism. Acting as a funding clearinghouse for student tuition, the Cafc collaborates with educational entities to leverage Progressive Income Share Agreement (Pisa) funds, benefiting both students and employers.
Related structure
Career Accelerator Fund Corporation is a subordinate organization under Eleven Fifty Academy.
Total revenues
$762,211
2020
Total expenses
$129,506
2020
Total assets
$989,000
2020
Num. employees
1
2020

Program areas at Career Accelerator Fund Corporation

The Career Accelerator Fund Corporation (cafc) is an indiana-based, nonprofit organization that seeks to provide financial access to education for students from all walks of life. The modern workforce needs more diverse and inclusive employees, requiring a modern funding mechanism. The cafc is a funding clearinghouse for student tuition and is open to partnering with education entities that are interested in leveraging pisa funds (progressive income share agreement) in a way that benefits students, employers, and states. Pisa is a no-interest financial payment plan for students.

Who funds Career Accelerator Fund Corporation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Eleven Fifty AcademyFunding$50,000

Personnel at Career Accelerator Fund Corporation

NameTitleCompensation
Scott A JonesBoard Chair$0

Financials for Career Accelerator Fund Corporation

RevenuesFYE 12/2020
Total grants, contributions, etc.$742,561
Program services$19,650
Investment income and dividends$0
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$762,211

Form 990s for Career Accelerator Fund Corporation

Fiscal year endingDate received by IRSFormPDF link
2020-122021-11-15990View PDF
2019-122021-11-15990View PDF

Organizations like Career Accelerator Fund Corporation

OrganizationLocationRevenue
Mountain Empire Community College FoundationBig Stone Gap, VA$2,831,277
Weber School FoundationOdgen, UT$2,330,052
American Heritage Education FoundationHouston, TX$359,519
Hillsboro Schools FoundationHillsboro, OR$633,300
Mississippi Construction Education FoundationPearl, MS$2,332,956
The Hope School FoundationSpringfield, IL$1,182,948
Northeast Educational Development FoundationOak Grove, LA$217,054
Fund for Public EducationJackson, WY$1,248,450
Highline Schools Foundation for ExcellenceBurien, WA$1,522,887
Greater Los Angeles Education FoundationDowney, CA$2,695,202
Data update history
June 30, 2023
Posted financials
Added Form 990 for fiscal year 2020
June 29, 2023
Posted financials
Added Form 990 for fiscal year 2019
June 1, 2023
Updated personnel
Identified 3 new personnel
May 20, 2023
Received grants
Identified 1 new grant, including a grant for $200,000 from Elevate Ventures
May 17, 2023
Used new vendors
Identified 1 new vendor, including
Nonprofit Types
School foundationsGrantmaking organizationsChapter / child organizations
Issues
Education
Characteristics
Funds one specific organizationReceives government funding
General information
Address
151 W Ohio St
Indianapolis, IN 46204
Metro area
Indianapolis-Carmel-Anderson, IN
County
Marion County, IN
Phone
(855) 925-1150
IRS details
EIN
84-2524363
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2019
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
B11: Education Single Organization Support
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Subordinate organization
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