Elevate Ventures Inc.
Elevate Ventures Inc.
Want to make a donation using Daffy?
Lower your income taxes with a charitable deduction this year when you donate to this non-profit via Daffy.
Do you work for Elevate Ventures Inc.? Learn more here.
By donating on this page you are making an irrevocable contribution to Daffy Charitable Fund, a 501(c)(3) public charity, and a subsequent donation recommendation to the charity listed above, subject to our Member Agreement. Contributions are generally eligible for a charitable tax-deduction and a yearly consolidated receipt will be provided by Daffy. Processing fees may be applied and will reduce the value available to send to the end charity. The recipient organizations have not provided permission for this listing and have not reviewed the content.
Donations to organizations are distributed as soon as the donation is approved and the funds are available. In the rare event that Daffy is unable to fulfill the donation request to this charity, you will be notified and given the opportunity to choose another charity. This may occur if the charity is unresponsive or if the charity is no longer in good standing with regulatory authorities.
About this organization
Mission
Elevate Ventures is a venture development organization focused on building sustainable innovation and entrepreneurship cultures in regions throughout Indiana, and fostering and developing high-potential, high-growth businesses for investment and returns for our stakeholders.
About
Elevate Ventures' overriding purpose is to elevate Indiana's entrepreneurism and innovation velocity. At this moment in our organization's history, looking ahead to 2019, we are in the midst of accelerating a statewide foundation upon which entrepreneurial ecosystems can take root and thrive. Our team works collaboratively with local, regional and state business and government leaders, and colleges and universities to employer communities and regions with the keys to launch and sustain a new generation of business creation. Most recently, on December 6, 2018, we established our 5th official regional partnership. With roots in Columbus and Bloomington, Velocities will fuel entrepreneurship and innovation across South Central Indiana. Other partnerships are based in Evansville and Jasper, Fort Wayne, Jeffersonville-New Albany, and South Bend-Elkhart and serve multi-county regions. Indiana has a rich history of entrepreneurial activity. Madame C. J. Walker Manufacturing Company, Cummins Engine Company, Eli Lilly and Company, Indiana Oxygen, ExactTarget, Koch Enterprises, Indiana Spine Hospital and many more less familiar names have shaped our past and present. Yet across the United States, entrepreneurship is in decline. Elevate Ventures is working to buck this trend. It is not a quick fix, in fact it is a long-distance run requiring tenacity and perseverance, but our methodology promises to be a sustainable solution. Unlike a typical Venture Capital firm, Elevate Ventures assists startup and scale-up companies with advisory services as well as investment capital. These advisory services are aimed at helping entrepreneurs, particularly first-time business owners, to navigate the complexities of obtaining capital and resources to start or grow their business. Elevate Ventures was founded in 2011 to assist the Indiana Economic Development Corporation (IEDC) manage a portfolio of direct capital investments in high-potential, high-growth Indiana companies and make capital more accessible to Indiana entrepreneurs. Through a subsidiary partnership with the Indiana Economic Development Corporation (IEDC), Elevate manages both direct and indirect investment funds. The separately reportable partnership holds the investment capital and portfolio income/expense and reports earnings via the IRS form 1065 U.S. Return of Partnership Income. Elevate receives state funding from the Indiana Economic Development Corporation (IEDC) to manage these investment funds through a Professional Services Agreement and a management fee arrangement for the various funds. In 2018, Elevate Ventures ranked #1 for the number of investments [made in 2017], making it the most active venture capital in the Great Lakes Region. For every dollar Elevate Ventures invests, it pulls $6.67 from outside co-investors into Indiana companies. Since inception in 2011, Elevate Ventures has invested $83.8M in 299 startups which has been leveraged against $558.9M in private co-investment from 1,315 co-investors. Elevate Ventures Portfolio Companies generated 2,753 jobs with an average salary of $63.9K. Elevate Ventures' 7 Entrepreneurs-in-Residence and 32 Elevate Advisors provided advisory services to Indiana companies at no cost to the companies. Elevate Ventures investment programs include fund-of-fund investments, direct investments, grants and grant-matching programs. Elevate hosted 52 events in 2018, attended by over 7,300 entrepreneurs and investors throughout the state. Furthering our support of Indiana Entrepreneurs, in May, 2018 Elevate launched its first-annual Kinetic conference. Kinetic brought together entrepreneurs, higher education institutions, community leaders, regional economic development partners, institutional and angel investors, legislators and others representing startup communities to engage and spur collaboration. Kinetic was attended by 340 people, included 115 investor one-on-one meetings, 75 speakers over 18 content sessions, and included an entrepreneur expo with 45 companies represented.
Interesting data from their 2020 990 filing
The non-profit's mission is outlined in the filing as being “Elevate ventures is a venture development organization focused on building sustainable innovation and entrepreneurship cultures in regions throughout indiana, and fostering and developing high-potential, high-growth businesses for investment and returns for our stakeholders.”.
When outlining its responsibilities, they were referred to as: “Elevate ventures is a venture development organization focused on building sustainable innovation and entrepreneurship cultures in regions throughout indiana, and fostering and developing high-potential, high-growth businesses for investment and returns for our stakeholders.”.
- The state in which the non-profit operates has been officially reported as IN.
- The filing reveals the non-profit's address in 2020 to be 50 East 91st St 213, Indianapolis, IN, 46240.
- As per the non-profit's form for 2020, they have 21 employees on their payroll.
- Does not operate a hospital.
- Does not operate a school.
- Does not collect art.
- Does not provide credit counseling.
- Does not have foreign activities.
- Is not a donor-advised fund.
- Is not a private foundation.
- Expenses are greater than $1,000,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is $415,834.
- The CEO salary policy within the organization is subject to review and endorsement by an impartial party.
- The organization has a written policy that describes how long it will retain documents.
- The organization has 6 independent voting members.
- The organization was formed in 2010.
- The organization has a written policy that addresses conflicts of interest.
- The organization is required to file Schedule B.
- The organization is required to file Schedule J.
- The organization is required to file Schedule O.
- The organization pays $2,579,418 in salary, compensation, and benefits to its employees.
- The organization pays $19,889 in fundraising expenses.
- The organization provides Form 990 to its governing body.
- The organization has minutes of its meetings.
- The organization has a written whistleblower policy.
- The organization has grants to organizations.
- The organization's financial statements were reviewed by an accountant.