Elevate Ventures Inc

Community development organization based in Indianapolis, IN. 33 employees. Exempt under §501(c)(3).

MissionElevate 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

Financial snapshot · TY 2023

$10.0M
Total revenue
$11.6M
Total expenses
$12.0M
Net assets

Financial health · TY 2024

71
Strong financial health
Composite score out of 100 based on reserve ratio, program efficiency, and revenue diversification.
Reserve ratio
100
25.1 months of expenses
Program efficiency
54
71.5% spent on programs
Revenue diversity
49
Mix of program fees, grants & contributions

Leadership compensation

Phillip Lodato
General Counsel, Chief Compliance Officer, and Secretary
$296,758
79th percentile vs. peers
Erica Schweyer
Chief Operating Officer
$279,336
94th percentile vs. peers
$278,866
94th percentile vs. peers
Barbara Uggen-davis
Chief Financial Officer (Through November 2023)
$274,570
100th percentile vs. peers
Mark Gramelspacher
Entrepreneur-in-Residence
$230,392
94th percentile vs. peers

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Elevate Ventures Inc Executive Compensation | 990 Data | DoubleNine