Elevate Ventures Inc
AI Summary
Was this helpful?
Elevate Ventures Inc is a nonprofit organization focused on economic development in Indiana, dedicated to fostering the 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 been contracted by the Indiana Economic Development Corporation since 2011 to enhance capital availability and support the entrepreneurial ecosystem in the state. The organization does not rely on a single funder for 50% or more of its revenue, ensuring a diverse funding base for its initiatives.
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
Explore this org's ecosystem
See similar nonprofits by cause and location, their funders, and their grants.
Explore this org's ecosystem
See similar nonprofits by cause and location, their funders, and their grants.
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
Go beyond basic verification
Instantly get 50+ financial health and governance metrics, including LUNA.
Go beyond basic verification
Instantly get 50+ financial health and governance metrics, including LUNA.
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.