Liabilities / Assets
46th percentile
Higher debt load relative to assets than 46% of similar nonprofits.
990 • Fiscal year 2024 • EIN 27-4118692
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
46th percentile
Higher debt load relative to assets than 46% of similar nonprofits.
Liabilities / Revenue
66th percentile
Higher debt load relative to revenue than 66% of similar nonprofits.
Net Margin
12th percentile
Higher net margin than 12% of similar nonprofits.
Top Officer Pay
82nd percentile
Higher top officer pay than 82% of similar nonprofits.
Top officer pay equals 5.2% of source-year revenue.
Asset Growth
98th percentile
Faster asset growth than 98% of similar nonprofits.
Revenue Growth
19th percentile
Faster revenue growth than 19% of similar nonprofits.
Assets
Up$28,187,603
Up $16,197,172 (+135%) from 2023
Net Assets
Up$23,177,776
Up $13,565,358 (+141%) from 2023
Liabilities
Up$5,009,827
Up $2,631,814 (+111%) from 2023
Revenue
Down$9,243,556
Down $717,195 (-7.2%) from 2023
Expenses
Down$10,820,838
Down $800,246 (-6.9%) from 2023
Net Income
Up-$1,577,282
Up $83,051 (+5.0%) from 2023
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.
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.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Investments in Publicly Traded Securities | $3,450,621 | $3,863,698 | ▲ $413,077 |
| Savings and Temporary Cash Investments | $2,284,784 | $1,674,708 | ▼ $610,076 |
| Land, Buildings, and Equipment, Net | $55,505 | $936,333 | ▲ $880,828 |
| Accounts Receivable | $1,228,884 | $710,672 | ▼ $518,212 |
| Cash and Non-Interest-Bearing Accounts | $2,624,824 | $481,895 | ▼ $2,142,929 |
| Prepaid Expenses and Deferred Charges | $75,053 | $156,094 | ▲ $81,041 |
| Other Notes and Loans Receivable, Net | $88,397 | $94,397 | ▲ $6,000 |
| Pledges and Grants Receivable | $10,000 | $10,000 | → $0 |
| Inventories for Sale or Use | $6,202 | $7,306 | ▲ $1,104 |
| Receivable From Disqualified Prsn | $0 | $0 | → $0 |
| Receivables From Officers Etc | $0 | $0 | → $0 |
| Investments Other Securities | $0 | - | - |
| Investments Program Related | $0 | - | - |
| Intangible Assets | $0 | $0 | → $0 |
| Loans From Officers Directors | $0 | $0 | → $0 |
| Total Assets | $11,990,431 | $28,187,603 | ▲ $16,197,172 |
| Other Assets Total | $2,166,161 | $20,252,500 | ▲ $18,086,339 |
| Liabilities | |||
| Other Liabilities | $62,469 | $2,906,568 | ▲ $2,844,099 |
| Accounts Payable and Accrued Expenses | $982,775 | $1,138,929 | ▲ $156,154 |
| Deferred Revenue | $1,332,769 | $964,330 | ▼ $368,439 |
| Grants Payable | $0 | $0 | → $0 |
| Mortgage Notes Payable Secured by Investment Property | $0 | $0 | → $0 |
| Unsecured Notes Loans Payable | $0 | $0 | → $0 |
| Escrow Account Liability | $0 | $0 | → $0 |
| Tax Exempt Bond Liabilities | $0 | $0 | → $0 |
| Total Liabilities | $2,378,013 | $5,009,827 | ▲ $2,631,814 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $8,460,017 | $22,649,650 | ▲ $14,189,633 |
| Net Assets With Donor Restrictions | $1,152,401 | $528,126 | ▼ $624,275 |
| Total Net Assets Fund Balance | $9,612,418 | $23,177,776 | ▲ $13,565,358 |
| Total Liabilities and Net Assets / Fund Balance | $11,990,431 | $28,187,603 | ▲ $16,197,172 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Equipment | $508,944 | $222,625 | $731,569 |
| Leasehold Improvements | $427,389 | $28,033 | $455,422 |
| Other Assets Org | $225,555 | - | - |
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Christopher Day | Chief Executive Officer | PT | $323,485 | $156,643 | $480,128 |
| Matthew Tyner | Managing Partner | PT | $308,946 | $124,198 | $433,144 |
| Phillip Lodato | General Counsel, Chief Compliance Officer, and Secretary | - | $231,200 | $77,331 | $308,531 |
| Jacob Schpok | Partner | PT | $198,945 | $102,300 | $301,245 |
| Erica Schweyer | Chief of Staff | PT | $204,245 | $94,225 | $298,470 |
| Myles Grote | Partner | - | $224,700 | $34,371 | $259,071 |
| Asa Kelly | Vice President, Systems and IT | - | $212,805 | $38,942 | $251,747 |
| Nicholas Kuhn | Vice President | - | $148,700 | $40,717 | $189,417 |
| Christopher Huxhold | VP Finance and Treasurer Starting April 2024 | PT | $149,858 | $10,784 | $160,642 |
| Barbara Uggen-davis | Former Chief Financial Officer | - | $101,828 | $101,828 | $101,828 |
| Name | Title |
|---|---|
| Robert Myer | Board Chair |
| Barbie Wentworth | Board Member |
| Don Densborn | Board Member |
| John Sampson | Board Member |
| Larry Garatoni | Board Member |
| Steve Martin | Board Member |
| Contractor | Services | Location | Compensation |
|---|---|---|---|
| Taft Stettinius Hollister Llp | Legal services | One Indiana Square Suite 3500, Indianapolis, IN 46204 | $200,275 |
| RJE Business Interiors Inc | Construction Services | 621 E Ohio St, Indianapolis, IN 46202 | $167,402 |
| EnvelopiQ LLC | Construction Services | 905 N Capitol Ave, Indianapolis, IN 46204 | $156,546 |
| IBJ Media | Advertising services | One Monument Circle Suite 300, Indianapolis, IN 46204 | $144,736 |
| Sourwine Company LLC | Real Estate Services | 8395 Keystone Crossing Suite 205, Indianapolis, IN 46240 | $127,141 |
| Contribution Type | Contribution Count | Reported Amount | Valuation Method |
|---|---|---|---|
| Other Non Cash Contri Table | 2 | $65,000 | Market value |
| Other Non Cash Contri Table | 1 | $15,000 | Market value |
| Total Noncash Contributions | 3 | $80,000 | - |
| Line Item | Amount |
|---|---|
| Salaries, Compensation, and Employee Benefits | $5,336,136 |
| Other Expenses | $4,580,994 |
| Grants and Similar Amounts Paid | $903,708 |
| Total Fundraising Expense | $9,934 |
| Professional Fundraising Fees | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | $2,181,413 | $1,191,181 | $1,079 | $3,373,673 |
| Current Officers, Directors, Trustees, and Key Employees | $893,887 | $488,116 | $442 | $1,382,445 |
| Grants to Domestic Orgs | $903,708 | - | - | $903,708 |
| Fees for Services Other | $386,872 | $203,946 | $0 | $590,818 |
| Advertising | $191,554 | $300,218 | - | $491,772 |
| Information Technology | $186,968 | $156,077 | - | $343,045 |
| Travel | $215,651 | $99,301 | $7,981 | $322,933 |
| Payroll Taxes | $192,951 | $105,363 | $95 | $298,409 |
| Occupancy | $87,651 | $127,126 | - | $214,777 |
| Other Employee Benefits | $119,713 | $65,370 | $59 | $185,142 |
| Fees for Services Accounting | $78,394 | $59,035 | - | $137,429 |
| Depreciation Depletion | $74,562 | $34,397 | - | $108,959 |
| Pension Plan Contributions | $62,375 | $34,061 | $31 | $96,467 |
| Insurance | $61,310 | - | $242 | $61,552 |
| Office Expenses | $2,509 | $52,304 | - | $54,813 |
| Conferences and Meetings | $12,664 | $35,697 | $5 | $48,366 |
| Fees for Services Legal | $203 | $40,655 | - | $40,858 |
| Other Expenses | $3,125 | $5,625 | - | $8,750 |
| All Other Expenses | $5,649 | $2,511 | $0 | $8,160 |
| Total Functional Expenses | $7,738,118 | $3,072,786 | $9,934 | $10,820,838 |
| Line Item | Amount |
|---|---|
| Total Expenses per Audited Statements | $10,940,838 |
| Expenses per Audited Statements | $10,820,838 |
| Total Expenses per Form 990 | $10,820,838 |
| Expenses Not Reported on Form 990 | $120,000 |
| Expenses Not Reported on Financial Statements | $0 |
| Other Expense Adjustments | $0 |
| Recipient | Location | Category | Purpose | Amount |
|---|---|---|---|---|
| Northeast Indiana Regional Partnership Inc | Fort Wayne, IN | 501(c)(3) | Direct Regional Grants | $329,849 |
| Circular | Evansville, IN | 501(c)(3) | Direct Regional Grants | $248,019 |
| Rose-Hulman Institute of Technology | Terre Haute, IN | 501(c)(3) | Innovation Voucher | $145,150 |
| Indiana University Research | Detroit, MI | 501(c)(3) | Innovation Voucher | $66,096 |
| Amplified Sciences Inc | West Lafayette, IN | - | Sbir/sttr | $50,000 |
| Render PBC | Louisville, KY | 501(c)(3) | Direct Regional Grants | $30,875 |
| Purdue University | West Lafayette, IN | 501(c)(3) | Innovation Voucher | $19,882 |
| University of Evansville | Evansville, IN | - | Nexus Higher Education Grants | $8,000 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Line Item | Beginning | End | Change |
|---|---|---|---|
| Loans from Officers, Directors, Trustees, and Key Employees | $0 | $0 | → $0 |
| Receivables from Disqualified Persons | $0 | $0 | → $0 |
| Receivables from Officers, Directors, Trustees, and Key Employees | $0 | $0 | → $0 |
| Liability | Amount |
|---|---|
| Federal Income Taxes | $2,906,568 |
| Right-of-Use Liability | - |
“CHRISTOPHER DAY, MATTHEW TYNER, PHILLIP LODATO, CHRISTOPHER HUXHOLD - Business relationship”
“During the year, the Bylaws were amended. The amendments reduced the range of the Board of Directors from a range of 4-12 members to 5-9 members. The amendments also increased certain voting thresholds to require a supermajority (75%) of the Board for election, removal, and amendment actions. These changes modify the composition, authority, and voting requirements of the governing body and officers.”
“There are no committees with authority to act on the behalf of the governing body.”
“The draft of the Form 990 was reviewed in detail by the VP Finance, Managing Partner and CEO. The final draft was then distributed to the Audit Committee for their review on November 14, 2025 prior to the electronic filing. The 990 is also shared with the full Board of Directors.”
“The Compliance Officer has been appointed by the Board to review disclosure statements and ensure compliance with the Conflict-of-Interest policy. Additionally, each board member, officer and employee are required to disclose actual and potential conflicts of interest in advance of the completion of the organization's investment transactions through Elevate and its subsidiary entities. If there are conflicts of interest that arise that are not related to the organization's investment activities, the Board members and staff must disclose the conflict or potential conflict to the Compliance Officer and abstain from any decision-making as it pertains to the conflicts.”
“The Compensation Committee engages outside compensation consultants from time to time to review the CEO compensation package, evaluate appropriateness, and compare compensation for similarly qualified persons at similar organizations. The last study was conducted in December 2022. Annually, the compensation package of the CEO is reviewed by the organization's independent Compensation Committee and is then reported to the Board of Directors for approval. Any board member with a conflict of interest is not involved in the deliberations or approval. The salary, bonus and approval review process is documented by the Compensation Committee.”
“The CEO has the authority to hire and establish initial and ongoing compensation of other officers, key employees and staff. The Board reviews the compensation, including a review of comparability data, and approves the compensation annually as a part of the company budget approval process. The Board is made aware of staff salaries, bonuses, and benefits on an annual basis. In addition, as part of the internal audit process any payroll changes are provided to audit chair by the third party (Milestone) on a monthly basis and results of the review are reported to full audit committee on quarterly basis.”
“Financial 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.”
“LOSS ON INVESTMENT IN INDIANA 21ST CENTURY FUND, LP - -510005; GAIN ON INVESTMENT IN CARESOURCE DIVERSITY & SOCIAL IMPACT INVESTMENT FUND, LLC - 225555; Total - -284450;”
“The 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 disclose the amount of potential benefit or obligation to be realized as a result of an examination performed by a taxing authority. For the years ended December 31, 2024 and 2023, management has determined that Elevate does not have any tax positions that result in any uncertainties regarding the possible impact on Elevate's 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, 2024 and 2023.”
“Loss on investment in indiana 21st century fund, lp - -510005 gain on investment in caresource diversity & social impact investment fund, llc - 225555”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990/AccountantCompileOrReviewInd | 0 | false |
| IRS990/AccountsPayableAccrExpnssGrp/BOYAmt | 0 | 982775 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 1138929 |
| IRS990/AccountsReceivableGrp/BOYAmt | 0 | 1228884 |
| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 710672 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | false |
| IRS990/ActivityOrMissionDesc | 0 | 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. |
| IRS990/AddressChangeInd | 0 | X |
| IRS990/AdvertisingGrp/ManagementAndGeneralAmt | 0 | 300218 |
| IRS990/AdvertisingGrp/ProgramServicesAmt | 0 | 191554 |
| IRS990/AdvertisingGrp/TotalAmt | 0 | 491772 |
| IRS990/AllOtherContributionsAmt | 0 | 647671 |
| IRS990/AllOtherExpensesGrp/FundraisingAmt | 0 | 0 |
| IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt | 0 | 2511 |
| IRS990/AllOtherExpensesGrp/ProgramServicesAmt | 0 | 5649 |
| IRS990/AllOtherExpensesGrp/TotalAmt | 0 | 8160 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | true |
| IRS990/AuditCommitteeInd | 0 | true |
| IRS990/BackupWthldComplianceInd | 0 | true |
| IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | Chris Huxhold |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 3172520258 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 1 Virginia Avenue Suite 200 |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | Indianapolis |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | IN |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 46204 |
| IRS990/BusinessRlnWith35CtrlEntInd | 0 | false |
| IRS990/BusinessRlnWithFamMemInd | 0 | false |
| IRS990/BusinessRlnWithOrgMemInd | 0 | false |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 2624824 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 481895 |
| IRS990/ChangeToOrgDocumentsInd | 0 | true |
| IRS990/CntrctRcvdGreaterThan100KCnt | 0 | 6 |
| IRS990/CollectionsOfArtInd | 0 | false |
| IRS990/CompCurrentOfcrDirectorsGrp/FundraisingAmt | 0 | 442 |
| IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt | 0 | 488116 |
| IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt | 0 | 893887 |
| IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt | 0 | 1382445 |
| IRS990/CompensationFromOtherSrcsInd | 0 | false |
| IRS990/CompensationProcessCEOInd | 0 | true |
| IRS990/CompensationProcessOtherInd | 0 | true |
| IRS990/ConferencesMeetingsGrp/FundraisingAmt | 0 | 5 |
| IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt | 0 | 35697 |
| IRS990/ConferencesMeetingsGrp/ProgramServicesAmt | 0 | 12664 |
| IRS990/ConferencesMeetingsGrp/TotalAmt | 0 | 48366 |
| IRS990/ConflictOfInterestPolicyInd | 0 | true |
| IRS990/ConservationEasementsInd | 0 | false |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | true |
| IRS990/ContractorCompensationGrp/CompensationAmt | 0 | 200275 |
| IRS990/ContractorCompensationGrp/CompensationAmt | 1 | 167402 |
| IRS990/ContractorCompensationGrp/CompensationAmt | 2 | 156546 |
| IRS990/ContractorCompensationGrp/CompensationAmt | 3 | 144736 |
| IRS990/ContractorCompensationGrp/CompensationAmt | 4 | 127141 |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt | 0 | One Indiana Square Suite 3500 |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt | 1 | 621 E Ohio St |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt | 2 | 905 N Capitol Ave |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt | 3 | One Monument Circle Suite 300 |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt | 4 | 8395 Keystone Crossing Suite 205 |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm | 0 | Indianapolis |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm | 1 | Indianapolis |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm | 2 | Indianapolis |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm | 3 | Indianapolis |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm | 4 | Indianapolis |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd | 0 | IN |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd | 1 | IN |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd | 2 | IN |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd | 3 | IN |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd | 4 | IN |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd | 0 | 46204 |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd | 1 | 46202 |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd | 2 | 46204 |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd | 3 | 46204 |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd | 4 | 46240 |
| IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt | 0 | Taft Stettinius Hollister Llp |
| IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt | 1 | RJE Business Interiors Inc |
| IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt | 2 | EnvelopiQ LLC |
| IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt | 3 | IBJ Media |
| IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt | 4 | Sourwine Company LLC |
| IRS990/ContractorCompensationGrp/ServicesDesc | 0 | Legal services |
| IRS990/ContractorCompensationGrp/ServicesDesc | 1 | Construction Services |
| IRS990/ContractorCompensationGrp/ServicesDesc | 2 | Construction Services |
| IRS990/ContractorCompensationGrp/ServicesDesc | 3 | Advertising services |
| IRS990/ContractorCompensationGrp/ServicesDesc | 4 | Real Estate Services |
| IRS990/CostOfGoodsSoldAmt | 0 | 1103 |
| IRS990/CreditCounselingInd | 0 | false |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 1047808 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 903708 |
| IRS990/CYInvestmentIncomeAmt | 0 | 273244 |
| IRS990/CYOtherExpensesAmt | 0 | 4580994 |
| IRS990/CYOtherRevenueAmt | 0 | 5748 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 7916756 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | -1577282 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 5336136 |
| IRS990/CYTotalExpensesAmt | 0 | 10820838 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 9934 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 9243556 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | false |
| IRS990/DeductibleArtContributionInd | 0 | false |
| IRS990/DeductibleNonCashContriInd | 0 | true |
| IRS990/DeferredRevenueGrp/BOYAmt | 0 | 1332769 |
| IRS990/DeferredRevenueGrp/EOYAmt | 0 | 964330 |
| IRS990/DelegationOfMgmtDutiesInd | 0 | false |
| IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt | 0 | 34397 |
| IRS990/DepreciationDepletionGrp/ProgramServicesAmt | 0 | 74562 |
| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 108959 |
| IRS990/Desc | 0 | In 2024, Elevate Ventures furthered its mission with the mantra 'Committed Beyond Capital'. We are a venture development organization which means we execute both venture development and venture capital initiatives. Our focus is supporting and helping to grow the entrepreneurial ecosystem throughout the entire State of Indiana. Our strategic initiatives are centered on helping businesses launch, grow, and locate in the state by leveraging modern expectations and technology. We achieved this through multiple initiatives including education, programming, workshops, events, networking, mentoring, coaching, direct capital deployment and post investment value add solutions. We completed a three phase strategy this year that included (1) Digital Transformation, (2) Physical Transformation and (3) Operational Transformation. At a high level, we modernized Elevate Ventures to position for how we best serve the State of Indiana's entrepreneurial ecosystem for the next 25 years. This involved retooling the organization, structuring 2tb of deal data and locating to a geographic area that is more accessible to the statewide ecosystem. The Digital Transformation included several areas of transformation. The first step was redesigning the web presence foundation. The new website prominently shares the portfolio and highlights success stories of founders that we serve. In addition, it serves as a repository of best practices and resources for anyone to access as they think about starting and growing a business. Secondly, we created a portal for our Operating Partners to streamline how they engage with us through their service on the boards, or as observers, for the portfolio companies in which we have a seat. Finally, these improved digital capabilities help us to better spread the word across the globe about the incredible assets, startup community and entrepreneurial ecosystem that exists in Indiana. The Physical Transformation enabled multiple points of value we can now provide for the ecosystem. We relocated to downtown Indianapolis which is more accessible for all stakeholders. The new headquarters location allows for those frequently traveling through the capital city to have a place to call home through our new memberships, provides space for events that are walkable to downtown places of interest and opens the opportunity for partners and founders to physically collaborate and work together. This space not only allows for better statewide connectivity but now provides a platform where stakeholders across the state can more easily engage with those across the globe when they come to visit for the many major events such as the WNBA All-Star weekend. The Operational Transformation is a massive initiative in which the first step is structuring over 2tb of deal data. Our end goal is to be able to leverage this data with modern AI tools and unlock value to not only founders but the ecosystem at large. As of the end of 2024, we completed approximately 80% of this effort with the expectation that the core foundation will be in place by the end of 2025. This project will enable many capabilities as AI continues to proliferate. Not only will we be able to analyze data in a more automated fashion but we believe we will be able to leverage data in ways not yet even imagined with what we believe is one of the world's largest first-party, early-stage, private company databases. As an overlay to the above strategy rollout, we were able to launch Elevate+, which consists of robust post investment value add. Over the last 14 years, education and venture development have been the major parallel thrust as the organization grew with the ecosystem. These are still critical components but now that the portfolio has grown to nearly 400 companies, we must add post investment value add services. The two most critical elements for any company to be successful are talent and capital. Assisting portfolio companies with filling critical talent is a major pillar o |
| IRS990/DescribedInSection501c3Ind | 0 | true |
| IRS990/DisregardedEntityInd | 0 | true |
| IRS990/DocumentRetentionPolicyInd | 0 | true |
| IRS990/DonorAdvisedFundInd | 0 | false |
| IRS990/DonorRestrictionNetAssetsGrp/BOYAmt | 0 | 1152401 |
| IRS990/DonorRestrictionNetAssetsGrp/EOYAmt | 0 | 528126 |
| IRS990/DonorRstrOrQuasiEndowmentsInd | 0 | false |
| IRS990/ElectionOfBoardMembersInd | 0 | false |
| IRS990/EmployeeCnt | 0 | 33 |
| IRS990/EmploymentTaxReturnsFiledInd | 0 | true |
| IRS990/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990/EscrowAccountInd | 0 | false |
| IRS990/EscrowAccountLiabilityGrp/BOYAmt | 0 | 0 |
| IRS990/EscrowAccountLiabilityGrp/EOYAmt | 0 | 0 |
| IRS990/ExpenseAmt | 0 | 7738118 |
| IRS990/FamilyOrBusinessRlnInd | 0 | true |
| IRS990/FederalGrantAuditRequiredInd | 0 | false |
| IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt | 0 | 59035 |
| IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt | 0 | 78394 |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 137429 |
| IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt | 0 | 40655 |
| IRS990/FeesForServicesLegalGrp/ProgramServicesAmt | 0 | 203 |
| IRS990/FeesForServicesLegalGrp/TotalAmt | 0 | 40858 |
| IRS990/FeesForServicesOtherGrp/FundraisingAmt | 0 | 0 |
| IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt | 0 | 203946 |
| IRS990/FeesForServicesOtherGrp/ProgramServicesAmt | 0 | 386872 |
| IRS990/FeesForServicesOtherGrp/TotalAmt | 0 | 590818 |
| IRS990/ForeignActivitiesInd | 0 | false |
| IRS990/ForeignFinancialAccountInd | 0 | false |
| IRS990/ForeignOfficeInd | 0 | false |
| IRS990/Form8282PropertyDisposedOfInd | 0 | false |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 0 | 34.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 1 | 36.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 2 | 34.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 3 | 34.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 4 | 36.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 5 | 34.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 6 | 34.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 7 | 36.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 8 | 40.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 6.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 4.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 1.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 1.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 4 | 1.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 5 | 1.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 6 | 1.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 7 | 1.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 8 | 6.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 9 | 6.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 10 | 4.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 11 | 6.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 12 | 6.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 13 | 4.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 14 | 0.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 15 | 0.0 |
| IRS990/Form990PartVIISectionAGrp/FormerOfcrDirectorTrusteeInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 5 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 6 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 7 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 30910 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 10979 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 8 | 10650 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 9 | 48911 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 10 | 28741 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 11 | 34035 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 12 | 42089 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 13 | 17868 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 14 | 8013 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 15 | 0 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | Christopher Day |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | Phillip Lodato |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | Robert Myer |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | Barbie Wentworth |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | Don Densborn |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | John Sampson |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 6 | Larry Garatoni |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 7 | Steve Martin |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 8 | Christopher Huxhold |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 9 | Matthew Tyner |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 10 | Asa Kelly |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 11 | Erica Schweyer |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 12 | Jacob Schpok |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 13 | Myles Grote |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 14 | Nicholas Kuhn |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 15 | BARBARA UGGEN-DAVIS |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 449218 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 297552 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 8 | 149992 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 9 | 384233 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 10 | 223006 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 11 | 264435 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 12 | 259156 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 13 | 241203 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 14 | 181404 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 15 | 101828 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 11 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 12 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 13 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 14 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 15 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | Chief Executive Officer |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | GENERAL COUNSEL, CHIEF COMPLIANCE OFFICER, AND SECRETARY |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | Board Chair |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | Board Member |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | Board Member |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | Board Member |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | Board Member |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | Board Member |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 8 | VP Finance and Treasurer Starting April 2024 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 9 | Managing Partner |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 10 | Vice President, Systems and IT |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 11 | Chief of Staff |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 12 | Partner |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 13 | Partner |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 14 | Vice President |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 15 | FORMER CHIEF FINANCIAL OFFICER |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | true |
| IRS990/FormationYr | 0 | 2010 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | true |
| IRS990/FSAuditedInd | 0 | true |
| IRS990/FundraisingActivitiesInd | 0 | false |
| IRS990/GainOrLossGrp/OtherAmt | 0 | 0 |
| IRS990/GainOrLossGrp/SecuritiesAmt | 0 | 0 |
| IRS990/GamingActivitiesInd | 0 | false |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 8 |
| IRS990/GovernmentGrantsAmt | 0 | 400137 |
| IRS990/GrantAmt | 0 | 903708 |
| IRS990/GrantsPayableGrp/BOYAmt | 0 | 0 |
| IRS990/GrantsPayableGrp/EOYAmt | 0 | 0 |
| IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt | 0 | 903708 |
| IRS990/GrantsToDomesticOrgsGrp/TotalAmt | 0 | 903708 |
| IRS990/GrantsToIndividualsInd | 0 | false |
| IRS990/GrantsToOrganizationsInd | 0 | true |
| IRS990/GrantToRelatedPersonInd | 0 | false |
| IRS990/GrossReceiptsAmt | 0 | 9244659 |
| IRS990/GrossRentsGrp/RealAmt | 0 | 1425 |
| IRS990/GrossSalesOfInventoryAmt | 0 | 5148 |
| IRS990/GroupReturnForAffiliatesInd | 0 | false |
| IRS990/IncludeFIN48FootnoteInd | 0 | true |
| IRS990/IndependentAuditFinclStmtInd | 0 | false |
| IRS990/IndependentVotingMemberCnt | 0 | 6 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 18 |
| IRS990/IndoorTanningServicesInd | 0 | false |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InfoInScheduleOPartXIInd | 0 | X |
| IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt | 0 | 156077 |
| IRS990/InformationTechnologyGrp/ProgramServicesAmt | 0 | 186968 |
| IRS990/InformationTechnologyGrp/TotalAmt | 0 | 343045 |
| IRS990/InsuranceGrp/FundraisingAmt | 0 | 242 |
| IRS990/InsuranceGrp/ProgramServicesAmt | 0 | 61310 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 61552 |
| IRS990/IntangibleAssetsGrp/BOYAmt | 0 | 0 |
| IRS990/IntangibleAssetsGrp/EOYAmt | 0 | 0 |
| IRS990/InventoriesForSaleOrUseGrp/BOYAmt | 0 | 6202 |
| IRS990/InventoriesForSaleOrUseGrp/EOYAmt | 0 | 7306 |
| IRS990/InvestmentIncomeGrp/ExclusionAmt | 0 | 273244 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 273244 |
| IRS990/InvestmentInJointVentureInd | 0 | false |
| IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt | 0 | 0 |
| IRS990/InvestmentsProgramRelatedGrp/BOYAmt | 0 | 0 |
| IRS990/InvestmentsPubTradedSecGrp/BOYAmt | 0 | 3450621 |
| IRS990/InvestmentsPubTradedSecGrp/EOYAmt | 0 | 3863698 |
| IRS990/IRPDocumentCnt | 0 | 62 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipAccumDeprecAmt | 0 | 250658 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 55505 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 936333 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 1186991 |
| IRS990/LegalDomicileStateCd | 0 | IN |
| IRS990/LoanOutstandingInd | 0 | false |
| IRS990/LoansFromOfficersDirectorsGrp/BOYAmt | 0 | 0 |
| IRS990/LoansFromOfficersDirectorsGrp/EOYAmt | 0 | 0 |
| IRS990/LobbyingActivitiesInd | 0 | true |
| IRS990/LocalChaptersInd | 0 | false |
| IRS990/MaterialDiversionOrMisuseInd | 0 | false |
| IRS990/MembersOrStockholdersInd | 0 | false |
| IRS990/MethodOfAccountingOtherInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | false |
| IRS990/MinutesOfGoverningBodyInd | 0 | true |
| IRS990/MiscellaneousRevenueGrp/ExclusionAmt | 0 | 0 |
| IRS990/MiscellaneousRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 0 |
| IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt | 0 | 0 |
| IRS990/MiscellaneousRevenueGrp/UnrelatedBusinessRevenueAmt | 0 | 0 |
| IRS990/MissionDesc | 0 | 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. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | false |
| IRS990/MoreThan5000KToOrgInd | 0 | false |
| IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt | 0 | 0 |
| IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt | 0 | 0 |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 9612418 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 23177776 |
| IRS990/NetIncomeOrLossGrp/ExclusionAmt | 0 | 4045 |
| IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt | 0 | 4045 |
| IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt | 0 | 1425 |
| IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt | 0 | 1425 |
| IRS990/NetUnrlzdGainsLossesInvstAmt | 0 | -18555 |
| IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt | 0 | 8460017 |
| IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt | 0 | 22649650 |
| IRS990/NoncashContributionsAmt | 0 | 80000 |
| IRS990/NondeductibleContributionsInd | 0 | false |
| IRS990/OccupancyGrp/ManagementAndGeneralAmt | 0 | 127126 |
| IRS990/OccupancyGrp/ProgramServicesAmt | 0 | 87651 |
| IRS990/OccupancyGrp/TotalAmt | 0 | 214777 |
| IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt | 0 | 52304 |
| IRS990/OfficeExpensesGrp/ProgramServicesAmt | 0 | 2509 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 54813 |
| IRS990/OfficerMailingAddressInd | 0 | false |
| IRS990/OnBehalfOfIssuerInd | 0 | false |
| IRS990/OperateHospitalInd | 0 | false |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrganizationFollowsFASB117Ind | 0 | X |
| IRS990/OtherAssetsTotalGrp/BOYAmt | 0 | 2166161 |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 20252500 |
| IRS990/OtherChangesInNetAssetsAmt | 0 | -284450 |
| IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt | 0 | 59 |
| IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt | 0 | 65370 |
| IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt | 0 | 119713 |
| IRS990/OtherEmployeeBenefitsGrp/TotalAmt | 0 | 185142 |
| IRS990/OtherExpensesGrp/Desc | 0 | Events And Direct Regional Operations |
| IRS990/OtherExpensesGrp/Desc | 1 | Furnitures and Fixtures |
| IRS990/OtherExpensesGrp/Desc | 2 | Memberships, Dues and Subscriptions |
| IRS990/OtherExpensesGrp/Desc | 3 | Operating Expense |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 0 | 47752 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 1 | 12148 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 2 | 11903 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 3 | 5625 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 2069162 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 5217 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 2 | 2580 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 3 | 3125 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 2116914 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 17365 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 14483 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 8750 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 62469 |
| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 2906568 |
| IRS990/OtherRevenueMiscGrp/BusinessCd | 0 | 900099 |
| IRS990/OtherRevenueMiscGrp/Desc | 0 | Event Revenue |
| IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt | 0 | 278 |
| IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt | 0 | 278 |
| IRS990/OtherRevenueTotalAmt | 0 | 278 |
| IRS990/OtherSalariesAndWagesGrp/FundraisingAmt | 0 | 1079 |
| IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt | 0 | 1191181 |
| IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt | 0 | 2181413 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 3373673 |
| IRS990/OthNotesLoansReceivableNetGrp/BOYAmt | 0 | 88397 |
| IRS990/OthNotesLoansReceivableNetGrp/EOYAmt | 0 | 94397 |
| IRS990/PartialLiquidationInd | 0 | false |
| IRS990/PayPremiumsPrsnlBnftCntrctInd | 0 | false |
| IRS990/PayrollTaxesGrp/FundraisingAmt | 0 | 95 |
| IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt | 0 | 105363 |
| IRS990/PayrollTaxesGrp/ProgramServicesAmt | 0 | 192951 |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 298409 |
| IRS990/PensionPlanContributionsGrp/FundraisingAmt | 0 | 31 |
| IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt | 0 | 34061 |
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Displayed year
2024 • Form 990Detailed filing. Detailed filing data is available for this year.