Elevate 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 development through growth, research and development. IEDC has contracted with Elevate Ventures since 2011 to carry out the required tasks associated with making direct investments in private Indiana companies and the associated programming and technical support required to build a sufficient pipeline of investable companies and to support Indiana's entrepreneurial ecosystem.
Executive compensation, broken down
Form 990 · Part VII & Schedule J · 10 reported individuals · Filing year 2024
Percentile bands compare each position's total pay with the same role at Community Improvement & Capacity Building organizations nationwide.
- Base
- $323k
- Bonus
- $125k
- Other
- $733
- Benefits
- $17k
- Base
- $309k
- Bonus
- $75k
- Other
- $287
- Benefits
- $36k
- Base
- $231k
- Bonus
- $66k
- Other
- $352
- Benefits
- $2k
- Base
- $199k
- Bonus
- $60k
- Other
- $211
- Benefits
- $31k
- Base
- $204k
- Bonus
- $60k
- Other
- $190
- Benefits
- $26k
- Base
- $225k
- Bonus
- $16k
- Other
- $229
- Benefits
- $9k
- Base
- $213k
- Bonus
- $10k
- Other
- $190
- Benefits
- $20k
- Base
- $149k
- Bonus
- $33k
- Other
- $204
- Benefits
- $2k
- Base
- $150k
- Bonus
- —
- Other
- $134
- Benefits
- $7k
- Base
- —
- Bonus
- —
- Other
- $102k
- Benefits
- —
| Position | Base | Bonus | Other | Benefits | Total |
|---|---|---|---|---|---|
Chief Executive Officer Above 90th percentilevs Community Improvement & Capacity Building peers in Indiana | $323k | $125k | $733 | $17k | $480k $516k |
Managing Partner Officer (Unspecified) | $309k | $75k | $287 | $36k | $433k $466k |
General Counsel, Chief Compliance Officer, and Secretary Officer (Unspecified) | $231k | $66k | $352 | $2k | $309k $332k |
Partner Highest Compensated Employee Above 90th percentile | $199k | $60k | $211 | $31k | $301k $324k |
Chief of Staff Highest Compensated Employee Above 90th percentile | $204k | $60k | $190 | $26k | $298k $321k |
Partner Highest Compensated Employee 75th to 90th percentile | $225k | $16k | $229 | $9k | $259k $279k |
Vice President, Systems and IT Board Vice President 75th to 90th percentile | $213k | $10k | $190 | $20k | $252k $271k |
Vice President Board Vice President Median to 75th percentile | $149k | $33k | $204 | $2k | $189k $204k |
VP Finance and Treasurer Starting April 2024 Vice President 75th to 90th percentile | $150k | — | $134 | $7k | $161k $173k |
Former Chief Financial Officer Former Officer/director/trustee Median to 75th percentile | — | — | $102k | — | $102k $110k |
Teal figures restate each filed amount in 2026 dollars.
Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Plus 6 unpaid individuals.
Browse compensation in Community Improvement & Capacity Building →
Top pay as a share of expenses
In 2024, the highest total compensation at Elevate Ventures Inc equaled 4% of the organization's total expenses. The median for community improvement & capacity building organizations is 14%.
Based on 10,247 community improvement & capacity building organizations, each measured at its most recent filing year with reported expenses and compensation.
Funded by
Private foundations whose Form 990-PF Part XV grants matched this organization.
Up 22%
from 2023
From $395k in 2023 to $480k in 2024.
Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Chief Executive Officer pay rose 22% from 2023 to 2024, while revenue fell 7%.
- Highest Compensated Employee pay rose 2% from 2023 to 2024.
Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.
Among peers
Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.
Common questions about Elevate Ventures Inc
What does the Chief Executive Officer of Elevate Ventures Inc earn?
In 2024, the Chief Executive Officer of Elevate Ventures Inc received $480,128 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among Community Improvement & Capacity Building organizations in Indiana: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.
How does Chief Executive Officer pay at Elevate Ventures Inc compare with similar nonprofits?
Compared with the same role at Community Improvement & Capacity Building organizations in Indiana, the 2024 pay of the Chief Executive Officer at Elevate Ventures Inc falls in the top 10%. In 2024, the highest total compensation at Elevate Ventures Inc equaled 4% of the organization's total expenses. The median for community improvement & capacity building organizations is 14%.
What are Elevate Ventures Inc's revenue and expenses?
In 2024, Elevate Ventures Inc reported $9.2M in total revenue and $10.8M in total expenses on its IRS Form 990.
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