Elevate Ventures Inc
AI Summary
Elevate Ventures Inc is a nonprofit organization focused on economic development in Indiana, with a mission to grow the state's economy by supporting the launch and growth of startup and early-stage innovation-driven companies. With an operating budget of $9.9 million and total revenue of $9.2 million for the 2024 filing year, Elevate Ventures has established itself as a key player in enhancing Indiana's entrepreneurial ecosystem through strategic investments and technical support. The organization does not rely on a single funder for 50% or more of its revenue, ensuring a diverse financial base to sustain its initiatives. For more information, visit www.elevateventures.com.
Mission Statement
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.
Cause Areas
1
Economic development
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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Frequently Asked Questions
What is Elevate Ventures Inc’s budget?
In 2024, Elevate Ventures Inc reported an annual operating budget of around $9.9 million. More detailed financial information is available to registered users.
What causes does Elevate Ventures Inc support?
Elevate Ventures Inc supports work in Economic development.
Where does Elevate Ventures Inc operate?
Elevate Ventures Inc is headquartered in Indianapolis, IN.
Who funded Elevate Ventures Inc recently?
In 2024, Elevate Ventures Inc received grants from University of Notre Dame du Lac, THE ACKERMAN FOUNDATION, and CICP FOUNDATION INC. More information on this organization’s funders is available to registered users.
What is the largest grant Elevate Ventures Inc received in 2024?
The largest grant to Elevate Ventures Inc in 2024 exceeds $30 thousand.
What is Elevate Ventures Inc’s reliance on government grants?
Elevate Ventures Inc relied on government grants for less than 5% of their total revenue in 2024.