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 Economic Development NTEE: S30 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.

Where $100 goes at Elevate Ventures Inc

How Elevate Ventures Inc divides every $100 it spends, from its own Form 990 filings, averaged across 7 years.

$74 Programs the work itself
$26 Management running the organization
$0 Fundraising none reported

No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.

Inside the $74 for programs

$74
In 2024, Elevate Ventures furthered its mission with the mantra 'Committed Beyond Capital'
All program spending · Reported in the filing: 7,000 people
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Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Sample Grants Received

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

Economic Development
$1,366,125 6 grants
General Support
$425,000 5 grants
Research & Policy
$165,000 2 grants
Environment & Conservation
$75,000 2 grants
Unspecified
$270,000 5 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.

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