Startedup Foundation INC EIN 82-5058263

Startedup Foundation INC FY2021 filing

Not yet claimed Claim this org →

Inspires and mentors students to start new ventures through immersive entrepreneurial experiences. For fiscal year 2021 it reported $742K in revenue, $729K in expenses, and $217K in net assets.Pt I

Type
Public charity (501(c)(3)) · Human Services
Location
Noblesville, IN
Website
startedupfoundation.org
Filings
5 on file (2020–2021)
Revenue
$742KFY2021
Expenses
$729K
Net assets
$217K
People
7
Filings
5
Updates
0
More identity details & actions ⌄
EIN  82-5058263 Public charity (501(c)(3)) Noblesville, IN
Form 990 (PDF)
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →
Compare with another nonprofit →
Figures match the IRS filing checked 9/2/26 · see original: IRS
Is this your organization?
Claim this profile to manage it and share your story.
Claim
Provided by the organization

This section is blank until Startedup Foundation INC claims this page.

Know this organization? Claim it to add your story

Size
$1–10M
What they do
Inspires and mentors students to start new ventures through immersive entrepreneurial experiences.
Leadership
Donald Wettrick · CEO · $99K
Money in and out
$742K revenue, $729K expenses
Bottom line
48% program efficiency
Where the money goes · FY2021
Total revenue
$742K
Pt VIII · Ln 12
Total expenses
$729K
Pt IX · Ln 25
Net assets
$217K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $13K
Where spending went · Part IX cols B–D
Program services $0.48 Management & general $0.14 Fundraising $0.37
Program efficiency
48%
of spending reaches programs
Operating runway
3.7mo
months of highly liquid reserves at operating expense rate
Surplus margin
+2%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$742K
FY2021▲ +31%
Expenses
$729K
FY2021▲ +72%
Total assets
$223K
FY2021▲ +6%
Total liabilities
$6K
FY2021▼ -5%
Total revenue
$742K
Pt VIII · Ln 12
Total expenses
$729K
Pt IX · Ln 25
Net assets
$217K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$13K
Total assetsPt X · Ln 16$223K
Program-expense ratioPt IX · col B48%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45
Mission & Programs · Part III

Where the work happens

2 program services account for $352K of program spending, described in the organization's own filed words · FY2021.
01

Spark

Student innovation nightsin 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.

$308Kprogram expense
02

Develop

Innovate within - statewide pitch competitionstartedup foundation, in partnership with the indiana economic development coporation, manages 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.

$45Kprogram expense

Run this program? Claim this org to tell your story

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CStartedup Foundation INC
EINHdr · item D82-5058263
Principal addressHdr · item CNoblesville, IN
WebsiteHdr · item Jstartedupfoundation.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MIN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P20)
Ruling yearIRS BMFMar 2019

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$99,000Pt VII · Sec A
President
$80,920Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Donald Wettrick’s $120K as CEO is at the 54th percentile of top reported officer pay among 3864 $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 →

Are you one of these people? Claim this org to confirm your role

Statement of Revenue

Part VIII
Contributions & grants100%$742K
— government grantsLn 1e$510K
Total revenueLn 12$742K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.48 Management & general $0.14 Fundraising $0.37
Program services48%$352K
Management & general14%$105K
Fundraising37%$271K
Total functional expensesLn 25$729K

Balance Sheet

Part X · end of year
CashLn 1$223K
Total assetsLn 16$223K
Total liabilitiesLn 26$6K
Total net assetsLn 32$217K
Months of cash on handcomputed3.7

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $223K · Operating expenses/yr $729K
3.7 months
Where the money goes
Program services
Program services $352K · Total expenses $729K
48%
Management & General
Management & general $105K · Total expenses $729K
14%
Fundraising
Fundraising $271K · Total expenses $729K
37%
Cost to raise $1
Fundraising expense (2-yr avg) $216K · Solicited contributions (2-yr avg) $384K
$0.56 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $742K · Total revenue $742K
100%
Government reliance
Government grants $510K · Total revenue $742K
69%
Earned-income share
Program service revenue $0 · Total revenue $742K
0%
Investment reliance
Investment income $0 · Total revenue $742K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $729K
0%
Growth & trend
Revenue growth (YoY)
This year $742K · Prior year $567K
+31%
Net-asset trend (YoY)
End of year $217K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $742K · Expenses $729K
+2%
Liabilities-to-Assets
Total liabilities — · Total assets $223K
Net-asset ratio
Net assets $217K · Total assets $223K
97%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $223K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Donald Wettrick · Reported title CEO · Highest reported compensation $99K · Total expenses $729K
14%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $330K · Total expenses $729K
45%
Fundraising vendors
Fundraiser cost ratio
Paid to fundraisers $44K · Gross raised $180K
25%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 48%
Overhead ratio 14%
Fundraising cost ratio 37%
Revenue growth 31%
Legal fee ratio 0.2%
Accounting fee ratio 0.8%
Fundraising fee ratio 6%

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.

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

Similar Organizations

Closest in mission — by what they do
See all organizations like Startedup Foundation INC →

Compare

Search another nonprofit to view revenue, expenses, assets, key metrics, and leaders side by side

Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$2.4M revenue · ⤓ 990 PDF
FY2023$2.0M revenue · ⤓ 990 PDF
FY2022$1.1M revenue · ⤓ 990 PDF
FY2021$742K revenue · viewing · ⤓ 990 PDF
FY2020$567K revenue · ⤓ 990 PDF

Want to add your own materials alongside these filings? Claim this org

Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the peer-cohort and compensation comparisons above.