Elevate Ventures Inc
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.
Elevate Ventures Inc at a glance
In short: Elevate Ventures Inc gave $898K across 8 grants in 2024 (avg $112K), mostly in Indiana. Source: 2024 IRS Form 990.
- Annual giving (2024)
- $897,871
- -34.9% vs 2023
- Grants made (2024)
- 8
- -66.7% vs 2023
- Average grant
- $112,234
- +95.3% vs 2023
- Median grant
- $58,048
- Total assets
- $28,187,603
- +135.1% vs 2023
- Primary geography
- Indiana (89% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990, 2024 View filing
Data from IRS Form 990, 2024; updated September 2026.
How to apply to Elevate Ventures Inc
Open Grants
1 open opportunity from Elevate Ventures Inc
Who Elevate Ventures Inc funds
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2024
The largest 2024 recipient was Northeast Indiana Regional Partnership Inc ($330K). Together the top 8 received $898K.
Grant Size Distribution
99 grants across all recorded years
The most common grant size was in the $50–100K range: 49 grants of 99 (49%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 8 itemized grants.
Cities
How Elevate Ventures Inc gives
- Giving fell 52% from 2021 to 2024. Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $579K (2020) to $1.9M (2021). In 2024 it made 8 grants totaling $898K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Northeast Indiana Regional Partnership Inc Fort Wayne, IN | Direct Regional Grants | $329,849 |
| Circular Evansville, IN | Direct Regional Grants | $248,019 |
| Rose-Hulman Institute of Technology Terre Haute, IN | Innovation Voucher | $145,150 |
| Indiana University Research Detroit, MI | Innovation Voucher | $66,096 |
| Amplified Sciences Inc West Lafayette, IN | Sbir/STTR | $50,000 |
| Render PBC Louisville, KY | Direct Regional Grants | $30,875 |
| Purdue University West Lafayette, IN | Innovation Voucher | $19,882 |
| University of Evansville Evansville, IN | Nexus Higher Education Grants | $8,000 |
Ready to take the next step with Elevate Ventures Inc?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2024 | $28,187,603 | $9,243,556 | $10,820,838 | $897,871 | 8 | $273,244 |
| 2023 | $11,990,431 | $9,960,751 | $11,621,084 | $1,378,944 | 24 | $235,897 |
| 2022 | $13,172,198 | $6,491,355 | $7,979,642 | $1,441,542 | 25 | $183,539 |
| 2021 | $13,635,821 | $6,541,390 | $6,847,993 | $1,853,502 | 29 | $95,700 |
| 2020 | $11,029,847 | $5,850,844 | $5,194,095 | $579,000 | 13 | $112,335 |
About Elevate Ventures Inc
Based on IRS filings
Elevate Ventures Inc is a public charity focused on Community Improvement & Capacity Building, based in Indianapolis, IN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $28.2M in total assets. In 2024, it awarded 8 grants totaling $898K. Net investment income was $273K.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Elevate Ventures Inc is led by Christopher Day, Chief Executive Officer on every filing since 2022; 10 of 16 officers listed in 2024 are compensated.
Officers on the 2024 filing
Christopher Day
Chief Executive Officer
On filings since 2022
6 hrs/week
$138K (2022) → $449K (2024)
Robert Myer
Board Chair
On filings since 2020
1 hr/week
No compensation reported
Barbara Uggen-Davis
Former Chief Financial Officer
Chief Financial Officer → Former Chief Financial Officer, 2024
On filings since 2020
$175K (2020) → $102K (2024)
Erica Schweyer
Chief of Staff
Vice President Marketing → Chief Operating Officer, 2022
Chief Operating Officer → Chief of Staff, 2024
On filings since 2020
6 hrs/week
$114K (2020) → $264K (2024)
Jacob Schpok
Partner
Vice President Entrepreneurial Svc → Partner, 2022
On filings since 2020
6 hrs/week
$164K (2020) → $259K (2024)
Phillip Lodato
General Counsel, Chief Compliance Officer & Secretary
General Counsel → General Counsel & Secretary, 2022
General Counsel & Secretary → General Counsel, Chief Compliance Officer & Secretary, 2023
On filings since 2020
4 hrs/week
$220K (2020) → $298K (2024)
Nicholas Kuhn
Vice President
Entrepreneur-In-Residence → Vice President, 2024
On filings since 2021
$132K (2021) → $181K (2024)
Matthew Tyner
Managing Partner
On filings since 2023
6 hrs/week
$254K (2023) → $384K (2024)
Asa Kelly
Vice President & Systems
New on the 2024 filing
4 hrs/week
$223K (2024)
Christopher Huxhold
Vice President Finance & Treasurer Starting April
New on the 2024 filing
6 hrs/week
$150K (2024)
Myles Grote
Partner
New on the 2024 filing
4 hrs/week
$241K (2024)
Barbie Wentworth
Board Member
On filings since 2020
1 hr/week
No compensation reported
Don Densborn
Board Member
On filings since 2020
1 hr/week
No compensation reported
John Sampson
Board Member
On filings since 2020
1 hr/week
No compensation reported
Larry Garatoni
Board Member
On filings since 2020
1 hr/week
No compensation reported
Steve Martin
Board Member
On filings since 2020
1 hr/week
No compensation reported
Former officers (8)
- Former: Mark Gramelspacher (2020–2023) — Entrepreneur-In-Residence
- Former: Daniel Meek (2023) — Entrepreneur -In-Residence
- Former: Christopher LaMothe (2020–2022) — Chief Executive Officer
- Former: Ting Gootee (2020–2022) — Chief Investment Officer
- Former: Landon Young (2021–2022) — Entrepreneur-In-Residence
- Former: Cy Megnin (2021) — Entrepreneur-In-Residence
- Former: Eric Steele (2020) — Entrepreneur-In-Residence
- Former: Kyle Keeney (2020) — Entrepreneur-In-Residence
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $449K, to Christopher Day (Chief Executive Officer). 10 officers or directors reported compensation on that filing.
Frequently asked questions about Elevate Ventures Inc
How much does Elevate Ventures Inc give each year?
Elevate Ventures Inc gave $898K across 8 grants in 2024, according to its 2024 IRS Form 990. In 2023 it gave $1.4M across 24 grants.
What is Elevate Ventures Inc's typical grant size?
Elevate Ventures Inc's median grant in 2024 was $58,048, and its average grant was $112,234, across 8 grants on its 2024 IRS Form 990.
Where does Elevate Ventures Inc give grants?
Elevate Ventures Inc gives mostly in Indiana: 89% of the grant dollars itemized on its 2024 IRS Form 990 went to recipients there. The next largest state was Michigan (7%). The most frequent recipient cities were Evansville, IN (2 grants) and West Lafayette, IN (2 grants).
Does Elevate Ventures Inc give general operating support?
Not in 2024: none of the 8 grants with a stated purpose on Elevate Ventures Inc's 2024 IRS Form 990 were described as general or operating support. Recurring purposes include "Direct Regional Grants" (3 grants) and "Innovation Voucher" (3 grants).
Who are Elevate Ventures Inc's largest grantees?
Elevate Ventures Inc's largest 2024 grantees include Northeast Indiana Regional Partnership Inc ($329,849), Circular ($248,019) and Rose-Hulman Institute of Technology ($145,150), according to its 2024 IRS Form 990. Together they received 81% of its itemized 2024 grant dollars.
How large is Elevate Ventures Inc?
Elevate Ventures Inc reported $28.2M in total assets on its 2024 IRS Form 990. Its revenue that year was $9.2M.
What is Elevate Ventures Inc?
Elevate Ventures Inc is a public charity focused on Community Improvement & Capacity Building, based in Indianapolis, IN. It holds $28.2M in total assets as of 2024.
What is Elevate Ventures Inc's EIN?
Elevate Ventures Inc's EIN (Employer Identification Number) is 27-4118692. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS November 2, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS November 14, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS November 10, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS November 15, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS November 17, 2025)
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in Elevate Ventures Inc's focus areas in our free grants database
Similar Funders
Funders with grantees in common, and similar funders in Indiana
Duke Energy Foundation
Charlotte, NC
The Duke Energy Foundation funds workforce and local economic development, disaster resilience, conservation, clean water, and economic opportunity in North Carolina, South Carolina, Florida, Ohio, Kentucky, and Indiana. Its 2024 grants had a median of $25,000; applications for grants of $20,000 or less are accepted year-round, after applicants discuss proposals with a state representative.
Assets
$1.9M
Grants
41
Total Given
$25.6M
Lilly Endowment Inc
Indianapolis, IN
Lilly Endowment funds community development, education and youth, and religion, with priority given to Indianapolis and Indiana and some national support, especially for religion. Its 2025 grants had a median of $100,000, though awards varied widely; for community development requests, it suggests starting with a brief preliminary letter.
Assets
$105.9B
Grants
2,285
Total Given
$3.9B
Enterprise Holdings Foundation
Saint Louis, MO
The Enterprise Holdings Foundation supports charitable and educational nonprofits in communities where Enterprise Mobility operates, focusing on health, education, arts, and disaster relief; applicants must be actively supported by an Enterprise Mobility team member, spouse, or domestic partner. Giving varies widely: it reported 9,499 grants in 2024, but its 2025 filing showed one grant of $101.4 million, so that amount is not a typical award. Applications are accepted at any time through eligible Enterprise-affiliated applicants; the Foundation does not limit giving to preselected organizations.
Assets
$594.3M
Grants
1
Total Given
$101.4M
Cicp Foundation Inc
Indianapolis, IN
CICP Foundation supports charitable and educational projects tied to CICP initiatives in workforce and talent development, agbiosciences, life sciences, advanced manufacturing and logistics, and technology, primarily benefiting Indiana. In 2024, grants ranged from $6,000 to $2,285,000, with a median of $23,354; whether it accepts unsolicited requests is not stated.
Assets
$27.5M
Grants
40
Total Given
$7.3M
National Collegiate Athletic Association
Indianapolis, IN
The NCAA funds college sports, including member conferences and schools, championships, student-athlete programs, coaching and athletics administration, and academic initiatives. Its 2025 grants ranged from $5,000 to $61.9 million, with a median of $16,228; recipients were across the United States, with the largest reported shares in Texas, North Carolina, Illinois, and Alabama. The profile does not state whether the NCAA accepts unsolicited requests.
Assets
$1.1B
Grants
591
Total Given
$627.8M
Central Indiana Community Foundation Inc
Indianapolis, IN
Through its funds and collaborative entities, CICF supports a broad range of charitable work, including equity, food access, childcare, arts, nature, and youth programs, primarily in Central Indiana. Its 2024 grants had a median award of $25,000; some funds offer competitive applications, while others are invitation-only, and CICF itself does not directly award grants.
Assets
$583.5M
Grants
525
Total Given
$31.1M
More similar funders
More Funders in Indiana
The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open
Figures come from Elevate Ventures Inc's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
Elevate Ventures Inc down — hundreds of funders to go?