Elevate Ventures INC
Fosters Indiana’s entrepreneurial ecosystem by providing venture capital, mentoring, and educational programming to help high-growth startups launch and scale. For fiscal year 2024 it reported $9.2M in revenue, $10.8M in expenses, and $23.2M in net assets.Pt I
- Founded
- 2010
- Type
- Public charity (501(c)(3)) · Community Development
- Location
- Indianapolis, IN
- Website
- www.elevateventures.com
- Filings
- 5 on file (2020–2024)
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Summary of the Filing
Where the work happens
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.
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Identity & Classification
Governance & Policies
Officers, Directors & Key Employees
Christopher Day’s $449K as Chief Executive Officer is at the 95th percentile of top reported officer pay among 2834 $1–10M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Christopher Lamothe | — | — | $491,032 | $397,124 | $428,829 |
| Christopher Day | $449,218 | $368,135 | $137,500 | — | — |
| Matthew Tyner | $384,233 | $254,388 | — | — | — |
| Phillip Lodato | $297,552 | $285,267 | $285,000 | $236,336 | $220,334 |
| Erica Schweyer | $264,435 | $248,509 | $207,708 | $139,188 | $114,381 |
| Barbara Uggen-Davis | — | $241,995 | $259,167 | $203,315 | $174,546 |
| Jacob Schpok | $259,156 | $241,413 | $231,583 | $189,685 | $164,071 |
| Myles Grote | $241,203 | — | — | — | — |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Statement of Revenue
Statement of Functional Expenses
Balance Sheet
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Program ratio | 72% | — | — |
| Overhead ratio | 28% | — | — |
| Fundraising cost ratio | 0.9% | — | — |
| Revenue growth | -7% | — | — |
| Legal fee ratio | 0.4% | — | — |
| Accounting fee ratio | 1% | — | — |
Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.
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Filings & Schedule Manifest
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Sources
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