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Nonprofits›Elevate Ventures Inc

Community Improvement & Capacity Building

Elevate Ventures Inc

INDIANAPOLIS, IN

Website View as a funder

Total revenue

$9.2M

Total expenses

$10.8M

Net assets

$23.2M

Grants received

$1.5M

23 grants

EIN

274118692

Tax year

2024

Mission

Elevate Ventures' mission is growing the state's economy, driving economic development, helping businesses launch, grow and locate in the State of Indiana. We increase the amount of capital available to Indiana startup and early stage innovation driven companies to spur economic development through growth, research and development. IEDC has contracted with Elevate Ventures since 2011 to carry out the required tasks associated with making direct investments in private Indiana companies and the associated programming and technical support required to build a sufficient pipeline of investable companies and to support Indiana's entrepreneurial ecosystem.

Financials

FY 2024

Revenue

Contributions & grants$1.0M

Program service revenue$7.9M

Investment income$273K

Other revenue$6K

Total revenue$9.2M

Expenses

Grants paid$904K

Salaries & benefits$5.3M

Fundraising$10K

Other expenses$4.6M

Total expenses$10.8M

Total assets$28.2M

Net assets$23.2M

People

16 listed

NameRoleCompensation

Christopher Day

Chief Executive Officer

Board

$449K

6 hrs/wk

Matthew Tyner

Managing Partner

Board

$384K

6 hrs/wk

Phillip Lodato

GENERAL COUNSEL, CHIEF COMPLIANCE OFFICER, AND SECRETARY

Board

$298K

4 hrs/wk

Christopher Huxhold

VP Finance and Treasurer Starting April 2024

Board

$150K

6 hrs/wk

Larry Garatoni

Board Member

Board

—

1 hrs/wk

John Sampson

Board Member

Board

—

1 hrs/wk

Steve Martin

Board Member

Board

—

1 hrs/wk

Barbie Wentworth

Board Member

Board

—

1 hrs/wk

Robert Myer

Board Chair

Board

—

1 hrs/wk

Don Densborn

Board Member

Board

—

1 hrs/wk

Erica Schweyer

Chief of Staff

Staff

$264K

6 hrs/wk

Jacob Schpok

Partner

Staff

$259K

6 hrs/wk

Myles Grote

Partner

Staff

$241K

4 hrs/wk

Asa Kelly

Vice President, Systems and IT

Staff

$223K

4 hrs/wk

Nicholas Kuhn

Vice President

Staff

$181K

BARBARA UGGEN-DAVIS

FORMER CHIEF FINANCIAL OFFICER

Staff

$102K

Independent contractors

Taft Stettinius Hollister Llp

Legal services

$200K

RJE Business Interiors Inc

Construction Services

$167K

EnvelopiQ LLC

Construction Services

$157K

IBJ Media

Advertising services

$145K

Sourwine Company LLC

Real Estate Services

$127K

Grants received

Showing 23 of 23

FromAmountPurposeYear

CICP FOUNDATION INC

$10K

TO ADVANCE CROSS-SECTOR COLLABORATION OF INDIANA'S AGBIOSCIENCES INNOVATION ASSETS

2024

CICP FOUNDATION INC

$155K

TO SUPPORT CROSS-SECTOR COLLAB. FOR ADVANCEMNT OF INDIANA'S AGBIOSCIENCES INNOVATION ASSETS

2023

PARKVIEW HEALTH SYSTEM INC

$50K

FOCUSED ON BUILDING SUSTAINABLE INNOVATION & ENTREPRENEURSHIP CULTURES THROUGHOUT INDIANA

2023

University of Notre Dame du Lac

$30K

See Part IV

2023

THE ACKERMAN FOUNDATION

$10K

GENERAL OPERATIONS

2023

SURACK FAMILY FOUNDATION INC

$25K

2 YEAR COMMUNITY PARTNERSHIP PLEDGE

2022

PARKVIEW HEALTH SYSTEM INC

$25K

FOCUSED ON BUILDING SUSTAINABLE INNOVATION & ENTREPRENEURSHIP CULTURES THROUGHOUT INDIANA

2022

University of Notre Dame du Lac

$15K

See Part IV

2022

THE ACKERMAN FOUNDATION

$15K

GENERAL OPERATIONS

2022

LAKE CITY BANK FOUNDATION INC

$13K

General Operating Support

2022

Olive B Cole Foundation Inc

$10K

Coding Academy

2022

COLUMBUS AREA CHAMBER FOUNDATION INC

$140K

FUNDS TO ASSIST ENTREPRENEURS IN INDIANA.

2021

SURACK FAMILY FOUNDATION INC

$25K

ENTREPRENEURSHIP PROGRAMS

2021

LAKE CITY BANK FOUNDATION INC

$13K

Charitable

2021

Olive B Cole Foundation Inc

$10K

Coding Academy

2021

ENDEAVOR EDGE INC

$350K

TO SUPPORT INNOVATION AND LONG-TERM ENTREPRENEURIAL ACTIVITIES IN SOUTHERN INDIANA AND THE REGION.

2020

THE ACKERMAN FOUNDATION

$5K

GENERAL PURPOSES

2020

MIRRO FAMILY FOUNDATION

$5K

General Operating Support

2020

PARKVIEW HEALTH SYSTEM INC

$100K

COMMUNITY PARTNERSHIP PLEDGE - ELEVATE VENTURES & NORTHEAST INDIANA PARTNERSHIP

2019

ENDEAVOR EDGE INC

$308K

To support innovation and long-term entrepreneurial activities in Southern Indiana and region.

2018

University of Notre Dame du Lac

$75K

see Part IV

2018

University of Notre Dame du Lac

$75K

see Part IV

2017

COMMUNITY FOUNDATION

$75K

TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION

2017

Funded by

$1.5M from 11 funders · 23 grants · 2017–2024

Endeavor Edge Inc

$658K · 2 grants · 2018–2020

University of Notre Dame du Lac

$195K · 4 grants · 2017–2023

Parkview Health System Inc

$175K · 3 grants · 2019–2023

Cicp Foundation Inc

$165K · 2 grants · 2023–2024

Columbus Area Chamber Foundation Inc

$140K · 1 grant · 2021

Community Foundation

$75K · 1 grant · 2017

Surack Family Foundation Inc

$50K · 2 grants · 2021–2022

The Ackerman Foundation

$30K · 3 grants · 2020–2023

Details

EIN274118692

NTEE codeS30

Subsection03

Ruling date2011-09

Formed2010

Employees33

Volunteers8