Empower students by immersing them into the entrepreneurial way of being, inspiring them to start something new, mentoring them through new ventures.

501(c)(3) charity; gifts are tax-deductible.
43¢ of each $1 spent went to programs.
$159K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $176K a year · 13% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
43%
of spending
Concern: 43% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$159K
to officers and key staff · 37% of spending
Concern: pay to officers and key staff is 37% of spending; over 30%.
Pt VII · Sec A
6 mo
of spending, in cash
Looks good: 5.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
8
named funders · $184K
Looks good: 8 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$6K
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$567K
Spent
$425K
To programs
43%
Net assets
$204K
By yearFY2020–FY2024
Revenue
$567K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$567K
FY2021$742K
FY2022$1.1M
FY2023$2.0M
FY2024$2.4M
Expenses
$425K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$425K
FY2021$729K
FY2022$1.1M
FY2023$1.8M
FY2024$1.9M
Net assets
$204K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$204K
FY2021$217K
FY2022$213K
FY2023$412K
FY2024$940K

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 2019.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

43 cents of each dollar spent went to programs.

Program services 43% · $184K Management & general 19% · $80K Fundraising 38% · $161K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

6 people listed on the 990; $159K paid to officers and key staff.

Part VII, Section A · reportable compensation
$93,950Pt VII · Sec A
Secretar /Tr
$58,406Pt VII · Sec A
Board Member
$6,667Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Donald Wettrick’s $120K as CEO is at the 53rd percentile of top reported officer pay among 3869 $1–10M human services 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 · 3 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Donald Wettrick$119,671$120,000$82,878$99,000$93,950
Hunter Stone$107,349$107,341$61,738$80,920$58,406
Jeremy Miller————$6,667

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.

See Startedup Foundation INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Inspires and mentors students to start new ventures through immersive entrepreneurial experiences.

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Provided by the organization

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2 programs · $184K · in their own filed words · FY2020
01

Develop

Innovate within - statewide pitch competition startedup foundation in partnership with the indiana economic development corporation to manage the innovate within pitch competition. This competition inspires entrepreneurship for students across every region of indiana, helping them to bring an existing or new idea to fruition.

$170Kprogram expense
02

Spark

Student innovation nights in order to inspire interest in the worlds of commerce and entrepreneurship, we host a series of monthly student innovation nights. These are grassroots-style events meant to create bonds amongst local communities and inspire collaboration.

$14Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 8 funders →
Grants paid · 4 grants · $293K · 2022–2024
Unitemized GrantFY2024$117,000
Unitemized GrantFY2024$48,250

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$567K
Ln 12
Gifts and grantsLn 1h$536K
Other incomeLn 4–11$31K
Money outPt IX
$425K
Ln 25
Programscol B$184K
Managementcol C$80K
Fundraisingcol D$161K
Owns and owesPt X
$204K
net assets · Ln 32
Cash and savingsLn 1–2$209K
Total assetsLn 16$210K
LiabilitiesLn 26$6K
PeoplePt VI, VII
6
listed · VII A
PaidVII A3
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$536K
Other incomeLn 4–11$31K
Total revenueLn 12$567K
Assets in detailPt X, end of year
CashLn 1$209K
Cash and savings togetherLn 1–2$209K
Other assetsLn 15$250
Total assetsLn 16$210K
LiabilitiesLn 26$6K
Net assetsLn 32$204K
OperationsPt I, VI
EmployeesI 53
VolunteersI 67
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$62K$209K
Total assetsLn 16$62K$210K
LiabilitiesLn 26$1K$6K
Net assetsLn 32$61K$204K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$159K$48K$48K$64K
Other salaries and wagesLn 7$48K$14K$14K$19K
Payroll taxesLn 10$16K$5K$5K$6K
Management feesLn 11a$655$655
Legal feesLn 11b$6K$4K$2K
Accounting feesLn 11c$6K$6K
Professional fundraising feesLn 11e$39K$39K
Advertising and promotionLn 12$21K$21K
Office expensesLn 13$9K$9K$373$13
Information technologyLn 14$10K$10K
OccupancyLn 16$11K$11K
TravelLn 17$3K$319$988$2K
InsuranceLn 23$3K$256$2K$339
Other expenses (24a–d)Ln 24$93K$83K$10K
Total functional expensesLn 25$425K$184K$80K$161K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $2.4M$1.9M$528K$940K 990 PDF
FY2023 $2.0M$1.8M$198K$412K 990 PDF
FY2022 $1.1M$1.1M−$4K$213K 990 PDF
FY2021 $742K$729K$13K$217K 990 PDF
FY2020 Viewing $567K$425K$143K$204K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $567,479 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $280,094$536,079
I-9 Program service revenuePrior year $6,000$0
I-10 Investment income$0
I-11 Other revenue$31,400
I-12 Total revenuePrior year $286,094$567,479
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $209,927$222,549
I-16a Professional fundraising fees$39,252
I-17 Other expensesPrior year $35,478$163,108
I-18 Total expensesPrior year $245,405$424,909
I-19 Revenue less expensesPrior year $40,689$142,570
Part VI · Governance 3 of 3 board members independent, 1 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $567,479 across 4 lines filed
VIII-1f All other contributions, gifts and grants$536,079
VIII-1h Total contributions, gifts and grants$536,079
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $31,400$31,400
VIII-12 Total revenueExcluded from tax $31,400$567,479
Part IX · Statement of functional expenses $424,909 across 14 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $47,707 · Management $47,707 · Fundraising $63,609$159,023
IX-7 Other salaries and wagesPrograms $14,325 · Management $14,325 · Fundraising $19,100$47,750
IX-10 Payroll taxesPrograms $4,732 · Management $4,733 · Fundraising $6,311$15,776
IX-11a Management feesManagement $655$655
IX-11b Legal feesPrograms $3,979 · Management $2,239$6,218
IX-11c Accounting feesManagement $6,231$6,231
IX-11e Professional fundraising feesFundraising $39,252$39,252
IX-12 Advertising and promotionFundraising $21,267$21,267
IX-13 Office expensesPrograms $8,569 · Management $373 · Fundraising $13$8,955
IX-14 Information technologyPrograms $10,000$10,000
IX-16 OccupancyPrograms $11,037$11,037
IX-17 TravelPrograms $319 · Management $988 · Fundraising $1,510$2,817
IX-23 InsurancePrograms $256 · Management $2,273 · Fundraising $339$2,868
IX-24 Other expenses (24a–d)Programs $83,060 · Fundraising $10,000$93,060
IX-25 Total functional expensesPrograms $183,984 · Management $79,524 · Fundraising $161,401$424,909
Part X · Balance sheet $209,700 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $62,399$209,450
X-15 Other assets$250
X-16 Total assetsStart of year $62,399$209,700
X-25 Other liabilitiesStart of year $1,433$6,164
X-26 Total liabilitiesStart of year $1,433$6,164
X-27 Net assets without donor restrictionsStart of year $60,966$203,536
X-32 Total net assets or fund balancesStart of year $60,966$203,536
X-33 Total liabilities and net assetsStart of year $62,399$209,700
Part XI · Reconciliation of net assets $203,536 net assets at year end
XI-1 Total revenue$567,479
XI-2 Total expenses$424,909
XI-3 Revenue less expenses$142,570
XI-4 Net assets at start of year$60,966
XI-10 Net assets at end of year$203,536

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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