Civic Intelligence

Elevate Ventures Inc.

990 • Fiscal year 2011 • EIN 27-4118692

Jan 01, 2011 to Dec 31, 2011 • Filed on Nov 14, 2012

One North Capitol Ave46204
Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

60th percentile

0.23x

Higher debt load relative to assets than 60% of similar nonprofits.

2011 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2011

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2011

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2011

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2011

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2011

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Assets

$969,241

No earlier filing loaded for comparison.

Net Assets

$748,119

No earlier filing loaded for comparison.

Liabilities

$221,122

No earlier filing loaded for comparison.

Revenue

-

No earlier filing loaded for comparison.

Expenses

$921,065

No earlier filing loaded for comparison.

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$30M$20M$10M$0Assets 2011: $969,241Liabilities 2011: $221,122Net Assets 2011: $748,1192011Assets 2012: $2,624,488Liabilities 2012: $377,216Net Assets 2012: $2,247,2722012Assets 2013: $3,498,030Liabilities 2013: $335,914Net Assets 2013: $3,162,1162013Assets 2014: $3,397,850Liabilities 2014: $346,762Net Assets 2014: $3,051,0882014Assets 2015: $3,555,742Liabilities 2015: $3,333,874Net Assets 2015: $221,8682015Assets 2016: $6,298,112Liabilities 2016: $2,846,271Net Assets 2016: $3,451,8412016Assets 2017: $8,499,730Liabilities 2017: $2,492,214Net Assets 2017: $6,007,5162017Assets 2018: $8,772,845Liabilities 2018: $3,906,600Net Assets 2018: $4,866,2452018Assets 2019: $9,852,173Liabilities 2019: $4,246,366Net Assets 2019: $5,605,8072019Assets 2020: $11,029,847Liabilities 2020: $7,220,843Net Assets 2020: $3,809,0042020Assets 2021: $13,635,821Liabilities 2021: $2,487,574Net Assets 2021: $11,148,2472021Assets 2022: $13,172,198Liabilities 2022: $2,846,213Net Assets 2022: $10,325,9852022Assets 2023: $11,990,431Liabilities 2023: $2,378,013Net Assets 2023: $9,612,4182023Assets 2024: $28,187,603Liabilities 2024: $5,009,827Net Assets 2024: $23,177,7762024

Highlighted filing

2011

Assets$969,241
Liabilities$221,122
Net Assets$748,119

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$15M$10M$5.0M$0-$5.0MExpenses 2011: $921,0652011Expenses 2012: $2,657,5362012Revenue 2013: $3,947,692Expenses 2013: $3,051,775Net Income 2013: $895,9172013Revenue 2014: $3,127,391Expenses 2014: $3,501,250Net Income 2014: -$373,8592014Revenue 2015: $3,032,725Expenses 2015: $2,552,742Net Income 2015: $479,9832015Revenue 2016: $6,078,756Expenses 2016: $3,180,097Net Income 2016: $2,898,6592016Revenue 2017: $5,512,247Expenses 2017: $3,618,669Net Income 2017: $1,893,5782017Revenue 2018: $4,636,197Expenses 2018: $4,220,363Net Income 2018: $415,8342018Revenue 2019: $5,326,795Expenses 2019: $4,269,500Net Income 2019: $1,057,2952019Revenue 2020: $5,850,844Expenses 2020: $5,194,095Net Income 2020: $656,7492020Revenue 2021: $6,541,390Expenses 2021: $6,847,993Net Income 2021: -$306,6032021Revenue 2022: $6,491,355Expenses 2022: $7,979,642Net Income 2022: -$1,488,2872022Revenue 2023: $9,960,751Expenses 2023: $11,621,084Net Income 2023: -$1,660,3332023Revenue 2024: $9,243,556Expenses 2024: $10,820,838Net Income 2024: -$1,577,2822024

Highlighted filing

2011

Revenue-
Expenses$921,065
Net Income-
Jump To
Filing Snapshot
Filing Period
Jan 1, 2011 to Dec 31, 2011
Signed
Nov 14, 2012
Return Version
2011v1.2
Gross Receipts
$1,669,184
Mission and Program Overview

Mission

Successful communities share qualities that make them desirable places to live and work. A fundamental quality of such places is a thriving, sustainable entrepreneurial culture. Guided by this vision, we help regions and communities create entrepreneurial cultures, and encourage and develop business leaders of tomorrow. This has been our goal since inception, and we are the only organization in Indiana executing a strategy that advances entrepreneurs from within Indiana to create a thriving, robust pipeline of growth-oriented companies backed by critical capital and support. 2017 was another record year of capital investment. Elevate portfolio companies span 31 Indiana counties. From 2011 to 2017, Elevate funds under management deployed $70.56M in capital, with an additional $420M generated by co-investments and follow-on investments. For every dollar Elevate invests, other capital partners invest $6.70, based on data available through April, 2018 with more than 1,200 investors.

Filing and Contact Details

Filer

EIN
27-4118692
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IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation0THE INTERNAL REVENUE SERVICE HAS DETERMINED THAT ELEVATE IS A TAX-EXEMPT ORGANIZATION AS DEFINED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM FEDERAL INCOME TAXES ON RELATED INCOME. ELEVATE IS NOT CONSIDERED TO BE A PRIVATE FOUNDATION. CURRENT ACCOUNTING STANDARDS REQUIRE ELEVATE TO RECOGNIZE A TAX LIABILITY ONLY IF IT IS "MORE LIKELY THAN NOT" THAT THE TAX POSITION WOULD BE SUSTAINED IN A TAX EXAMINATION, WITH A TAX EXAMINATION BEING PRESUMED TO OCCUR. THE AMOUNT RECOGNIZED IS THE LARGEST AMOUNT OF TAX BENEFIT THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED ON EXAMINATION. FOR TAX POSITIONS NOT MEETING THE "MORE LIKELY THAN NOT" TEST, NO TAX BENEFIT WILL BE RECORDED. FOR THE YEAR ENDED DECEMBER 31, 2011, MANAGEMENT HAS DETERMINED THAT ELEVATE DOES NOT HAVE ANY TAX POSITIONS THAT RESULT IN ANY UNCERTAINTIES REGARDING THE POSSIBLE IMPACT ON THEIR FINANCIAL STATEMENTS. ELEVATE DOES NOT EXPECT THE TOTAL AMOUNT OF UNRECOGNIZED TAX BENEFITS TO SIGNIFICANTLY CHANGE IN THE NEXT 12 MONTHS. ELEVATE RECOGNIZES INTEREST AND/OR PENALTIES RELATED TO INCOME TAX MATTERS IN INCOME TAX EXPENSE. ELEVATE DID NOT HAVE ANY AMOUNTS ACCRUED FOR INTEREST AND PENALTIES AT DECEMBER 31, 2011.
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IRS990ScheduleD/TotRevenueEtcAuditedFinclStmt01669184
IRS990/ScheduleJRequired0false
IRS990ScheduleL/Form990ScheduleLPartIV/AmountOfTransaction032083
IRS990ScheduleL/Form990ScheduleLPartIV/DescriptionOfTransaction0CONSULTING SERVICES PROVIDED TO ORGANIZATION
IRS990ScheduleL/Form990ScheduleLPartIV/NameOfInterestedPerson/NameBusiness/BusinessNameLine10HOWARD BATES
IRS990ScheduleL/Form990ScheduleLPartIV/Relationship0CHAIRMAN OF THE BOARD
IRS990ScheduleL/Form990ScheduleLPartIV/SharingOfRevenues0false
IRS990ScheduleO/GeneralExplanation/Explanation0THE FORM 990 WAS REVIEWED IN DETAIL BY THE CFO AND CEO. A FINAL DRAFT OF THE FORM 990 WAS DISTRIBUTED VIA EMAIL TO EVERY MEMBER OF THE GOVERNING BODY PRIOR TO FILING WITH THE IRS.
IRS990ScheduleO/GeneralExplanation/Explanation1EVERY BOARD MEMBER, OFFICER, EMPLOYEE, AFFILIATE, AND DESIGNATED CONSULTANT IS REQUIRED TO SIGN ANNUALLY A CONFLICT OF INTEREST STATEMENT DISCLOSING POTENTIAL OR ACTUAL CONFLICTS OF INTEREST WITH THE ORGANIZATION. THE COMPLIANCE OFFICER HAS BEEN APPOINTED BY THE BOARD TO REVIEW THE DISCLOSURE STATEMENTS AND MONITOR BOARD/COMMITTEE MEETINGS TO ENSURE THAT ANY MEMBER WITH A POTENTIAL CONFLICT EXCUSE THEMSELVES FROM THE DISCUSSION AND VOTE. THIS MONITORING AND RECUSEMENT PROCESS IS ALSO CONDUCTED, AS NEEDED, WITH ALL EMPLOYEES, AFFILIATES AND DESIGNATED CONSULTANTS.
IRS990ScheduleO/GeneralExplanation/Explanation2A COMPENSATION COMMITTEE WAS APPOINTED TO ESTABLISH COMPENSATION FOR THE TOP MANAGEMENT OFFICIAL. THE COMMITTEE USED COMPARABILITY DATA IN THEIR DETERMINATION TO ENSURE COMPENSATION IS REASONABLE. DISCUSSION AND ANALYSIS OF THE PROCESS WAS DOCUMENTED IN THE COMPENSATION COMMITTEE MINUTES. THE COMPENSATION COMMITTEE PRESENTED TO THE BOARD OF DIRECTORS THEIR RECOMMENDATION FOR COMPENSATION AND THE BOARD VOTED ON THE COMPENSATION BASED ON THE COMMITTEE'S RECOMMENDATION. THIS PROCESS WAS LAST UNDERTAKEN IN 2011.
IRS990ScheduleO/GeneralExplanation/Explanation3THE CEO HAD THE AUTHORITY TO HIRE AND TO SET INITIAL COMPENSATION OF OTHER OFFICERS AND KEY EMPLOYEES. SUBSEQUENT RAISES WERE DETERMINED BY THE COMPENSATION COMMITTEE AND APPROVED BY THE BOARD OF DIRECTORS. THIS PROCESS WAS LAST UNDERTAKEN IN 2011.
IRS990ScheduleO/GeneralExplanation/Explanation4THE CEO HAD THE AUTHORITY TO HIRE AND TO SET INITIAL COMPENSATION OF OTHER OFFICERS AND KEY EMPLOYEES. SUBSEQUENT RAISES WERE DETERMINED BY THE COMPENSATION COMMITTEE AND APPROVED BY THE BOARD OF DIRECTORS. THIS PROCESS WAS LAST UNDERTAKEN IN 2011.
IRS990ScheduleO/GeneralExplanation/Explanation5FINANCIAL STATEMENTS, GOVERNING DOCUMENTS, AND CONFLICT OF INTEREST POLICIES ARE NOT REQUIRED DISCLOSURES PURSUANT TO INTERNAL REVENUE CODE (IRC) SECTION 6104. THESE DOCUMENTS ARE NOT AVAILABLE TO THE PUBLIC AT THIS TIME.
IRS990ScheduleO/GeneralExplanation/Identifier0Review of form 990 by governing body
IRS990ScheduleO/GeneralExplanation/Identifier1Conflict of interest policy
IRS990ScheduleO/GeneralExplanation/Identifier2Process used to establish compensation of top management official
IRS990ScheduleO/GeneralExplanation/Identifier3COMPENSATION PROCESS FOR OTHER OFFICERS
IRS990ScheduleO/GeneralExplanation/Identifier4PROCESS TO ESTABLISH COMPENSATION OF OTHER OFFICERS
IRS990ScheduleO/GeneralExplanation/Identifier5Governing documents, conflict of interest policy and financial statements available to the public
IRS990ScheduleO/GeneralExplanation/ReturnReference0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/GeneralExplanation/ReturnReference1Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/GeneralExplanation/ReturnReference2Form 990, Part VI, Section B, Line 15a
IRS990ScheduleO/GeneralExplanation/ReturnReference3FORM 990, PART VI, LINE 15B
IRS990ScheduleO/GeneralExplanation/ReturnReference4FORM 990, PART VI, LINE 15B
IRS990ScheduleO/GeneralExplanation/ReturnReference5Form 990, Part VI, Section C, Line 19
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IRS990ScheduleR/ExchangeOfAssets0false
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IRS990ScheduleR/Form990ScheduleRPartI/AddressUS/State0IN
IRS990ScheduleR/Form990ScheduleRPartI/AddressUS/ZIPCode046204
IRS990ScheduleR/Form990ScheduleRPartI/DirectControllingEntityName/BusinessNameLine10ELEVATE VENTURES INC
IRS990ScheduleR/Form990ScheduleRPartI/EIN0900906210
IRS990ScheduleR/Form990ScheduleRPartI/EOYAssets00
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IRS990ScheduleR/Form990ScheduleRPartIII/AddressUS/ZIPCode046204
IRS990ScheduleR/Form990ScheduleRPartIII/CodeVAmount00
IRS990ScheduleR/Form990ScheduleRPartIII/DirectControllingEntityName/BusinessNameLine10ELEVATE VENTURES INC
IRS990ScheduleR/Form990ScheduleRPartIII/DisproportionateAllocations0false
IRS990ScheduleR/Form990ScheduleRPartIII/EIN0453126479
IRS990ScheduleR/Form990ScheduleRPartIII/GeneralOrManagingPartner0false
IRS990ScheduleR/Form990ScheduleRPartIII/LegalDomicileState0DE
IRS990ScheduleR/Form990ScheduleRPartIII/NameOfRelatedOrg/BusinessNameLine10INDIANA 21ST CENTURY FUND LP

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$28.2$5.01$23.2$9.24$10.8$1.58
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$12.0$2.38$9.61$9.96$11.6$1.66
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.2$2.85$10.3$6.49$7.98$1.49
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$13.6$2.49$11.1$6.54$6.85$0.31
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.0$7.22$3.81$5.85$5.19$0.66
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.85$4.25$5.61$5.33$4.27$1.06
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.77$3.91$4.87$4.64$4.22$0.42
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.50$2.49$6.01$5.51$3.62$1.89
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.30$2.85$3.45$6.08$3.18$2.90
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.56$3.33$0.22$3.03$2.55$0.48
2014Detailed filing. Detailed filing data is available for this year.$3.40$0.35$3.05$3.13$3.50$0.37
2013Detailed filing. Detailed filing data is available for this year.$3.50$0.34$3.16$3.95$3.05$0.90
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.62$0.38$2.25$2.66
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.97$0.22$0.75$0.92