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.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$28.2M
+135.1% YoY
Annual Giving
$898K
-34.9% YoY
Grant Count
8
-66.7% YoY
Avg Grant Size
$112K
+95.3% YoY
About Elevate Ventures Inc
Based on IRS filings
Elevate Ventures Inc is a nonprofit organization 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
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $28,187,603 | $11,990,431 | $13,172,198 |
| Revenue | $9,243,556 | $9,960,751 | $6,491,355 |
| Expenses | $10,820,838 | $11,621,084 | $7,979,642 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $273,244 | $235,897 | $183,539 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2024
Grant Size Distribution
99 grants across all recorded years
Open Grants
1 open opportunity from Elevate Ventures Inc
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Northeast Indiana Regional Partnership Inc ($329,849), Circular ($248,019), Rose-Hulman Institute of Technology ($145,150).
| Recipient | Purpose | Amount |
|---|---|---|
| Circular Evansville, IN | Direct Regional Grants | $248,019 |
| Northeast Indiana Regional Partnership Inc Fort Wayne, IN | Direct Regional Grants | $329,849 |
| Render PBC Louisville, KY | Direct Regional Grants | $30,875 |
| Indiana University Research Detroit, MI | Innovation Voucher | $66,096 |
| Purdue University WEST LAFAYETTE, IN | Innovation Voucher | $19,882 |
| Rose-Hulman Institute of Technology Terre Haute, IN | Innovation Voucher | $145,150 |
| University of Evansville Evansville, IN | Nexus Higher Education Grants | $8,000 |
| Amplified Sciences Inc WEST LAFAYETTE, IN | SBIR/STTR | $50,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Christopher Day | Chief Executive Officer | 6 | $449,218 |
| Phillip Lodato | GENERAL COUNSEL, CHIEF COMPLIANCE OFFICER, AND SECRETARY | 4 | $297,552 |
| Robert Myer | Board Chair | 1 | — |
| Barbie Wentworth | Board Member | 1 | — |
| Don Densborn | Board Member | 1 | — |
| John Sampson | Board Member | 1 | — |
| Larry Garatoni | Board Member | 1 | — |
| Steve Martin | Board Member | 1 | — |
| Christopher Huxhold | VP Finance and Treasurer Starting April 2024 | 6 | $149,992 |
| Matthew Tyner | Managing Partner | 6 | $384,233 |
| Asa Kelly | Vice President, Systems and IT | 4 | $223,006 |
| Erica Schweyer | Chief of Staff | 6 | $264,435 |
| Jacob Schpok | Partner | 6 | $259,156 |
| Myles Grote | Partner | 4 | $241,203 |
| Nicholas Kuhn | Vice President | — | $181,404 |
| BARBARA UGGEN-DAVIS | FORMER CHIEF FINANCIAL OFFICER | — | $101,828 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Elevate Ventures Inc?
Elevate Ventures Inc is a nonprofit organization focused on Community Improvement & Capacity Building, based in INDIANAPOLIS, IN. It holds $28.2M in total assets as of 2024.
How large is Elevate Ventures Inc?
As of 2024, Elevate Ventures Inc holds $28.2M in total assets with $9.2M in annual revenue. It awarded 8 grants totaling $898K in 2024.
Where does Elevate Ventures Inc operate?
Elevate Ventures Inc has awarded grants in Indiana, Kentucky, Louisiana, Michigan, Minnesota, Virginia, Wisconsin.
What size grants does Elevate Ventures Inc award?
In 2024, Elevate Ventures Inc awarded 8 grants totaling $898K — an average of about $112K per grant, based on its IRS Form 990 filings.
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.
Explore Open Grants
Browse active grant opportunities in Elevate Ventures Inc's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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