Elevate Ventures Inc
Indianapolis, IN · EIN 27-4118692. Reported 86 grants totalling $5,571,859 to 65 organizations across tax years 2021-2024, on Form 990 Schedule I.
Does this grantmaker accept applications?
Its tax return does not say, and we will not guess. Private foundations file Form 990-PF, which asks outright whether they fund only organizations they select themselves -- 78% say yes, and that one answer is what lets the rest of this site tell you which foundations are worth approaching. Grantmaking charities like this one file a regular Form 990 instead, and the IRS never puts the question to them. Anyone claiming to know the answer from the filing is inventing it.
Three things in the filing do bear on it:
- What kind of organization it is. For Elevate Ventures Inc, the IRS classifies it under community improvement rather than as a grantmaker (NTEE S30) -- it is an operating charity that also makes grants.
- How spread out its giving is. 65 distinct organizations, with 8% of the dollars going to the largest single recipient. That is genuinely spread out -- the mark of a funder making many independent decisions rather than underwriting one institution.
- How much its list changes. 14% of one year's grantees are funded again the next, across 3 year-to-year transitions. That is below the 57% median for grantmaking charities, and well below the 67% private foundations manage. A list that turns over this much is one a newcomer can realistically join.
How big are its grants?
The median reported grant is $50,000. Half of what it reported fell between $25,000 and $50,000; the smallest was $6,000 and the largest $440,000. If you are asking for materially more than the top of that range, you are asking the wrong organization.
Every organization it funded
This is the complete list from its filings, largest first. Recipients are grouped by the EIN the filer reported, not by name, so an organization that was typed differently in two years appears once rather than twice.
| Organization | Location | Total received | Grants | Years funded | Last |
|---|---|---|---|---|---|
| Next Level Manufacturing Institute LLC | Zionsville, IN | $440,000 | 1 | 1 | 2021 |
| Northeast Indiana Regional Partnership Inc | Fort Wayne, IN | $329,849 | 1 | 1 | 2024 |
| Indiana University Research | Bloomington, IN | $275,040 | 5 | 4 | 2024 |
| Ninetwelve Institute Inc | Zionsville, IN | $273,000 | 1 | 1 | 2023 |
| Circular | Sheridan, WY | $248,019 | 1 | 1 | 2024 |
| Rose-Hulman Institute of Technology | Terre Haute, IN | $245,150 | 3 | 3 | 2024 |
| Career Accelerator Fund Corporation | Indianapolis, IN | $200,000 | 1 | 1 | 2021 |
| University of Notre Dame Du Lac | Notre Dame, IN | $174,096 | 3 | 2 | 2023 |
| Analyswift LLC | West Lafayette, IN | $150,000 | 1 | 1 | 2021 |
| Carbon Solutions LLC | St Paul, MN | $150,000 | 1 | 1 | 2022 |
| Kovina Therapeutics Inc | Indianapolis, IN | $150,000 | 1 | 1 | 2022 |
| Opalgenix Inc | Indianapolis, IN | $150,000 | 3 | 3 | 2023 |
| Teichos Laboratories LLC | Indianapolis, IN | $150,000 | 2 | 2 | 2022 |
| Trustees of Purdue University | West Lafayette, IN | $141,942 | 3 | 2 | 2024 |
| Purdue Research Foundation | West Lafayette, IN | $115,000 | 2 | 2 | 2023 |
| Airbuoyant LLC | Anderson, IN | $100,000 | 2 | 2 | 2023 |
| Compact Medical Inc | Indianapolis, IN | $100,000 | 1 | 1 | 2022 |
| Covert Defenses LLC | West Lafayette, IN | $100,000 | 2 | 2 | 2023 |
| Tessellated Inc | South Bend, IN | $100,000 | 1 | 1 | 2022 |
| Tayco Brace Inc | South Bend, IN | $99,813 | 2 | 2 | 2023 |
| R Kumar Dba Ateios | Newberry, IN | $87,445 | 2 | 2 | 2023 |
| GENER8TOR | Madison, WI | $66,667 | 1 | 1 | 2021 |
| Columbus Area Chamber Foundation Inc | Columbus, IN | $65,000 | 1 | 1 | 2021 |
| Dimension Mill Inc | Bloomington, IN | $63,500 | 3 | 2 | 2023 |
| Huntington County Community Foundation Inc | Huntington, IN | $60,436 | 1 | 1 | 2021 |
| University of Evansville | Evansville, IN | $58,000 | 2 | 2 | 2024 |
| Amplified Sciences Inc | West Lafayette, IN | $50,000 | 1 | 1 | 2024 |
| Ball State University | Muncie, IN | $50,000 | 1 | 1 | 2022 |
| Cascade Metrix LLC | Fishers, IN | $50,000 | 1 | 1 | 2022 |
| Dencoda LLC | West Lafayette, IN | $50,000 | 1 | 1 | 2022 |
| Grannus Therapeutics Inc | Indianapolis, IN | $50,000 | 1 | 1 | 2021 |
| Hysonic Technologies | West Lafayette, IN | $50,000 | 1 | 1 | 2021 |
| Indiana Institute of Technology Inc | Fort Wayne, IN | $50,000 | 1 | 1 | 2022 |
| Independence Science LLC | West Lafayette, IN | $50,000 | 1 | 1 | 2022 |
| Levisonics Inc | New Orleans, LA | $50,000 | 1 | 1 | 2022 |
| M3SIM LLC | West Lafayette, IN | $50,000 | 1 | 1 | 2023 |
| Maijker Corp | West Lafayette, IN | $50,000 | 1 | 1 | 2021 |
| Manufacturing Technology Inc | South Bend, IN | $50,000 | 1 | 1 | 2021 |
| Monon Bioventures LLC | Indianapolis, IN | $50,000 | 1 | 1 | 2023 |
| Neurodon LLC | Crown Point, IN | $50,000 | 1 | 1 | 2023 |
| Probari Inc | Indianapolis, IN | $50,000 | 1 | 1 | 2022 |
| Rescue Biomedical | West Lafayette, IN | $50,000 | 1 | 1 | 2022 |
| Transfoam LLC | Nokesville, VA | $50,000 | 1 | 1 | 2023 |
| Wavelogix Inc | Noblesville, IN | $50,000 | 1 | 1 | 2022 |
| Wik Devices LLC | Zionsville, IN | $50,000 | 1 | 1 | 2022 |
| Wolf Technical Services Inc | Fishers, IN | $50,000 | 1 | 1 | 2021 |
| Zs System LLC | Lafayette, IN | $50,000 | 1 | 1 | 2022 |
| Forever Analytical Services | South Bend, IN | $49,992 | 1 | 1 | 2023 |
| Indiana University Research & Technology Corp | Bloomington, IN | $47,000 | 1 | 1 | 2021 |
| Valgotech LLC | Fishers, IN | $37,472 | 1 | 1 | 2023 |
| Render Pbc | Louisville, KY | $30,875 | 1 | 1 | 2024 |
| Purdue University Fort Wayne Foundation | Fort Wayne, IN | $25,000 | 1 | 1 | 2023 |
| Polar Clean LLC | South Bend, IN | $24,984 | 1 | 1 | 2021 |
| Third Coast Federal Inc | South Bend, IN | $24,970 | 1 | 1 | 2021 |
| Bci Solutions Inc | Bremen, IN | $24,963 | 1 | 1 | 2022 |
| Simba Chain Inc | Plymouth, IN | $24,945 | 1 | 1 | 2021 |
| Flightprofiler LLC | Brook, IN | $24,944 | 1 | 1 | 2021 |
| TREK10 Inc | South Bend, IN | $24,732 | 1 | 1 | 2021 |
| Sisk Rifles Manufacturing LLC | Tell City, IN | $24,324 | 1 | 1 | 2021 |
| Access Ventures Inc | Louisville, KY | $20,000 | 1 | 1 | 2021 |
| Createability Concepts Inc | Indianapolis, IN | $12,701 | 1 | 1 | 2022 |
| Ivy Tech Foundation Inc | Indianapolis, IN | $10,000 | 1 | 1 | 2023 |
| Central Indiana Corporate Partnership Inc | Indianapolis, IN | $8,000 | 1 | 1 | 2021 |
| Indiana Restaurant & Lodging Association Inc | Indianapolis, IN | $8,000 | 1 | 1 | 2023 |
| Junior Achievement of Northern Indiana | Fort Wayne, IN | $6,000 | 1 | 1 | 2021 |
13 of 65 (20%) received money in more than one year over the 4 years we hold. Remember the $5,000 floor: an organization funded every year at $3,000 shows up here as never funded at all.
What the money was for
Taken verbatim from the purpose column of its filings, largest first. This is the closest thing to a statement of what it funds, in its own words.
- Next Level Manufacturing Institute LLC
Innovation Voucher Program Grant - Carbon Solutions LLC
SBIR Phase 1 Matching Grant - Ball State University
Nexus Higher Education Grant - University of Notre Dame Du Lac
Elevate Nexus Entrepreneurship Support Organization Grant - Dimension Mill Inc
Elevate Nexus Community Partner Grant - University of Evansville
Nexus Higher Education Grants
What kind of organizations it funds
By each recipient's own IRS classification, for the 13 of 65 recipients we could match to a registered organization. These are assigned categories, not our guesses -- Schedule I reports the recipient's EIN, so this is a lookup rather than a name match.
Giving by year
| Tax year | Grants reported | Total | Median grant |
|---|---|---|---|
| 2021 | 29 | $1,853,502 | $50,000 |
| 2022 | 25 | $1,441,542 | $50,000 |
| 2023 | 24 | $1,378,944 | $50,000 |
| 2024 | 8 | $897,871 | $58,048 |
Tax years, not calendar years, and the most recent year is usually incomplete -- Form 990 arrives about a year after the year it covers, so a low final year means late paperwork rather than a grantmaker winding down.
Where its money goes
89% of its giving went to organizations in Indiana. Community foundations and federated funds are usually the most geographically bounded funders there are -- being outside the footprint is normally disqualifying in a way that a weak programme fit is not.
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Funders that support the same organizations
These grantmakers and private foundations gave to organizations this one also funded. Shared grantees are the strongest signal available that two funders have overlapping priorities -- and a funder already backing your peers is a far warmer prospect than one that merely lists your cause.
How to approach this grantmaker
- Look for a published programme first. Unlike most private foundations, organizations of this kind often do run open, deadlined grant cycles with written guidelines. Its own website is the authority on that; this page is the authority on who it has actually paid.
- Check you are its size. The median reported grant is $50,000 -- and because grants under $5,000 need not be reported, it very likely writes smaller cheques than this page can see.
- Check you are in its geography. Its giving concentrates in Indiana.
- Read the recipient list for organizations like yours. If nothing on it resembles your work, that is a real answer and a cheap one to get.
Where these numbers come from
Everything above is taken from Elevate Ventures Inc's own Form 990 Schedule I filings, which the IRS publishes in bulk. We used 4 returns (tax years 2021-2024). Nothing here is scraped, inferred or estimated.
On its most recent return it told the IRS it made grants to 6 section 501(c)(3) organizations and 2 other organizations. That is the filer's own count for one year; the totals above cover every year we hold.
Address of record on the latest return: 1 Virginia Avenue 200, Indianapolis, IN, 46204.
EIN 27-4118692 · See the original filings on ProPublica · How we build this
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