Public Charity

Elevate Ventures Inc

Elevate Ventures Inc is a Public Charity headquartered in Indianapolis, IN. Financial data from the 2024 filing: $9.2M revenue, $10.8M expenses, $28.2M total assets. 20 publicly reported grants to this organization, totaling roughly $2.3M, appear in IRS filings.

EIN: 274118692 Indianapolis, IN Latest filing: 2024
Total Revenue$9.2M
Total Expenses$10.8M
Total Assets$28.2M
Grant Records20
Funding Total$2.3M
Filing Years2019–2024

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.

Sample Grants Received

CICP FOUNDATION INC
2024
TO ADVANCE CROSS-SECTOR COLLABORATION OF INDIANA'S AGBIOSCIENCES INNOVATION ASSETS
$10,000
CICP FOUNDATION INC
2023
TO SUPPORT CROSS-SECTOR COLLAB. FOR ADVANCEMNT OF INDIANA'S AGBIOSCIENCES INNOVATION ASSETS
$155,000
PARKVIEW HEALTH SYSTEM INC
2023
FOCUSED ON BUILDING SUSTAINABLE INNOVATION & ENTREPRENEURSHIP CULTURES THROUGHOUT INDIANA
$50,000
$30,000
PARKVIEW HEALTH SYSTEM INC
2022
FOCUSED ON BUILDING SUSTAINABLE INNOVATION & ENTREPRENEURSHIP CULTURES THROUGHOUT INDIANA
$25,000

Showing up to 5 of 20 total records — full history available with membership.

Officers & Directors

Vice President, Systems and IT Asa Kelly
FORMER CHIEF FINANCIAL OFFICER Barbara Uggen-Davis
Board Member Barbie Wentworth
Chief Executive Officer Christopher Day
VP Finance and Treasurer Starting April 2024 Christopher Huxhold
Board Member Don Densborn

Officer compensation and complete director data available with membership.

Top Grant Purposes

To support innovation and long-term entrepreneurial activities in Southern Indiana and region.
$676,375 2 grants
TO SUPPORT INNOVATION AND LONG-TERM ENTREPRENEURIAL ACTIVITIES IN SOUTHERN INDIANA AND THE REGION.
$350,000 1 grant
TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION
$225,000 3 grants
see Part IV
$225,000 3 grants
COMMUNITY PARTNERSHIP PLEDGE - ELEVATE VENTURES & NORTHEAST INDIANA PARTNERSHIP
$200,000 2 grants

Financial Trends

Year Revenue Expenses Assets
2024 $9.2M $10.8M $28.2M
2023 $10.0M $11.6M $12.0M
2022 $6.5M $8.0M $13.2M
2020 $5.9M $5.2M $11.0M
2019 $5.3M $4.3M $9.9M

Between 2019 and 2024, reported annual revenue grew from $5.3M to $9.2M (+74%), with total assets most recently reported at $28.2M.

Interactive year-over-year charts and full filing details available with membership.

See the full picture for Elevate Ventures Inc

Complete financials, all 20 grant records, officer compensation, year-over-year trend charts, a geographic grant map, and data exports — across 498,000+ organizations.

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