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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.
Source: IRS Form 990 (Tax Year 2024)
Source: IRS Form 990 via ProPublica Nonprofit Explorer
Total Revenue
▼$10M
Total Contributions
$1.4M
Total Expenses
▼$11.6M
Total Assets
$12M
Total Liabilities
▼$2.4M
Net Assets
$9.6M
Officer Compensation
→$966K
Other Salaries
$3.6M
Investment Income
▼$337.9K
Fundraising
▼$0
Source: USAspending.gov · Searched by organization name
Total Federal Funding
$1.1M
Awards Found
2
Department of Commerce
$750K
ELEVATE VENTURES INDIANA STATEWIDE UNIVERSITY ENTREPRENEURIAL SUPPORT SYSTEM (SUESS)
Department of Commerce
$368.8K
PURPOSE: THE PURPOSE IS TO LAUNCH AND ADMINISTER AN EVERGREEN PRE-SEED AND SEED STATE VENTURE INVESTMENT FUND FOR COMPANIES BASED IN ST. JOSEPH, ELKHART AND MARSHALL COUNTIES IN NORTH CENTRAL INDIANA. ACTIVITIES TO BE PERFORMED: OFFER INDIVIDUALIZED GUIDANCE, ACCESS TO RESOURCES AND EMERGING TECHNOLOGY. MANAGE VENTURE FUNDS, SELECT COMPANIES TO SPONSOR, TRAIN, MENTOR AND PROVIDE ACCESS TO CAPITAL. EXPECTED OUTCOMES: SELECT RECIPIENTS TO FUND, DETERMINE DEPLOYMENT PERIOD, EXECUTE DEFINITIVE AGREEMENTS FOR FUND INVESTMENTS AND ASSIST THEM IN ADVANCING THEIR COMMERCIALIZATION EFFORTS. INTENDED BENEFICIARIES: HIGH POTENTIAL, HIGH GROWTH COMPANIES. SUBRECIPIENT ACTIVITIES: THE RECIPIENT WILL ENTER INTO WRITTEN SUB-AWARD AGREEMENTS WITH THE SUB-RECIPIENTS THAT WOULD GOVERN THEIR WORK ACTIVITIES AND COMPLY WITH THE REQUIREMENTS OF 2 C.F.R. 200.332(A). PLEASE SEE PROJECT NARRATIVE FOR THE COMPLETE LIST OF SUBRECIPIENT ACTIVITIES.
Source: Federal Audit Clearinghouse (fac.gov)
No federal single audit records found for this organization.
Single audits are required for entities expending $750,000+ in federal awards annually.
Source: IRS e-Filed Form 990
No officer or director compensation data available for this organization.
This data is sourced from IRS Form 990, Part VII. It may not be available if the organization files Form 990-N (e-Postcard) or has not yet been enriched.
Source: IRS Publication 78, Auto-Revocation List & e-Postcard Data
Tax-deductible contributions: Yes
Deductibility code: PC
Sources: IRS e-Filed Form 990 (XML) & ProPublica Nonprofit Explorer
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| Year | Revenue | Contributions | Expenses | Assets | Net Assets |
|---|---|---|---|---|---|
| 2023 | $10M | $1.4M | $11.6M | $12M | $9.6M |
| 2022 | $6.5M | $1.7M | $8M | $13.2M | $10.3M |
| 2021 | $6.5M | $2M | $6.8M | $13.6M | $11.1M |
| 2020 | $5.9M | $1.3M | $5.2M | $11M | $3.8M |
Sources: ProPublica Nonprofit Explorer & IRS e-File Index
| Tax Year | Form Type | Source | Documents |
|---|---|---|---|
| 2024 | 990 | IRS e-File | PDF not yet published by IRSView Filing → |
| 2023 | 990 | DataIRS e-File | PDF not yet published by IRSView Filing → |
| 2022 | 990 | DataIRS e-File |
Financial data: IRS Form 990 via ProPublica Nonprofit Explorer (Tax Year 2023)
Federal grants: USAspending.gov (live)
Organization info: IRS Business Master File · ProPublica Nonprofit Explorer
Tax-deductibility: IRS Publication 78
| 2019 | $5.3M | $803K | $4.3M | $9.9M | $5.6M |
| 2018 | $4.6M | $252.7K | $4.2M | $8.8M | $4.9M |
| 2017 | $5.5M | $1.6M | $3.6M | $8.5M | $6M |
| 2016 | $6.1M | $2.1M | $3.2M | $6.3M | $3.5M |
| 2015 | $3M | $0 | $2.6M | $3.6M | $221.9K |
| 2014 | $3.1M | $240.3K | $3.5M | $3.4M | $3.1M |
| 2013 | $3.9M | $549.3K | $3.1M | $3.5M | $3.2M |
| 2012 | $4.2M | $1.7M | $2.7M | $2.6M | $2.2M |
| 2011 | $1.7M | $225K | $921.1K | $969.2K | $748.1K |
| 2021 | 990 | Data |
| 2020 | 990 | Data |
| 2019 | 990 | Data |
| 2018 | 990 | Data |
| 2017 | 990 | Data | PDF not yet published by IRS |
| 2016 | 990 | Data |
| 2015 | 990 | Data |
| 2014 | 990 | Data |
| 2013 | 990 | Data |
| 2012 | 990 | Data |
| 2011 | 990 | Data |