Startedup Foundation Inc
- Assets
- $221.2k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 5
- Location
- Noblesville, IN
- Founding
- 03/2019
- Data as of
- 12/2022
- EIN
- 82-5058263
Organization Overview
Startedup Foundation Inc is located in Noblesville, IN. The organization was established in 2019. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 12/2022, Startedup Foundation Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Startedup Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Startedup Foundation Inc generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 57.4% each year . All expenses for the organization totaled $1.1m during the year ending 12/2022. While expenses have increased by 63.7% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
EMPOWER STUDENTS BY IMMERSING THEM INTO THE ENTREPRENEURIAL WAY OF BEING, INSPIRING THEM TO START SOMETHING NEW, MENTORING THEM THROUGH NEW VENTURES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ECOSYSTEM BUILD PROJECT - IN INDIANA, THE FINANCIAL RUNWAY FOR ENTREPRENEURS DRAMATICALLY INCREASES WHEN THEY ARE CONNECTED TO RESOURCES IN THEIR COMMUNITIES. BY FACILITATING COLLABORATION BETWEEN THE STATE OF INDIANA, BUSINESS SUPPORT ORGANIZATIONS, AND OUR LOCAL ENTREPRENEURS, WE HELP INDIANA TO BUILD THE MOST CONNECTED ENTREPRENEURIAL ECOSYSTEM IN THE COUNTRY. THESE CONNECTIONS CREATE BUSINESS OPPORTUNITIES, MENTORSHIP, AND COMMUNITY IMPACT, ALL WORKING TO FOSTER SUPPORT AND GROW BUSINESSES IN OUR HOOSIER COMMUNITIES.
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. STARTEDUP CONDUCTS A 6-WEEK INTENSIVE PROGRAM TO EQUIP EACH STUDENT GROUP WITH THE TOOLS THEY NEED TO REACH SUCCESS AND LEARN FROM THEIR PEERS. PART OF THIS OF THIS PROGRAM IS AN ENTREPRENEURIAL IMMERSION TRIP WHERE STUDENTS TRAVEL TO THE ENTREPRENEURIAL HUBS OF NEW CITIES IN ORDER TO LEARN FROM AND COLLABORATE WITH WORLD-CLASS ENTREPRENEURS AND ORGANIZATIONS. IN THE PAST, STUDENTS HAVE HAD THE OPPORTUNITY TO LEARN FROM GOOGLE, DELL, CAPITAL FACTORY, ADHAWK, BARNES & NOBLE, NYSE, JON FORTT (CNBC), SETH GODIN, SCOTT HARRISON, AND MANY OTHERS ACROSS NEW YORK CITY, AUSTIN, AND SAN ANTONIO.
CERTIFICATION - THE INDIANA INNOVATION EDUCATOR FELLOWSHIP IS AN AMBASSADORSHIP AND INNOVATION TRAINING PROGRAM DESIGNED TO ELEVATE THE MISSION OF INDIANA TEACHERS. EDUCATORS ARE BROUGHT TO THE TABLE AS REPRESENTATIVES OF THEIR COMMUNITIES AT BUSINESS, CIVIC, AND INNOVATION EVENTS WHERE THEY ARE ABLE TO OPERATE AS CONNECTORS AND BE THE FUNNEL OF FUTURE-READY INFORMATION TO THEIR STUDENTS. BY PAIRING AMBASSADORSHIP OPPORTUNITIES WITH TRAINING AND CONTENT IN INNOVATION, WE PREPARE OUR INDIANA EDUCATORS AS THE BEST-EQUIPPED AND MOST FORWARD-THINKING IN THE COUNTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elaine Bedel Board Member | Trustee | 1 | $0 |
Nathan Harris Board Member | Trustee | 1 | $0 |
Brian Schutt Board Member | Trustee | 1 | $0 |
David Roberts Board Member | Trustee | 1 | $0 |
Sunny Lu Williams Board Member | Trustee | 1 | $0 |
Donald Wettrick CEO | Officer | 40 | $82,878 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $18,130 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $161,709 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $179,839 |
| Total Program Service Revenue | $976,580 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$44,261 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,112,158 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $130,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $163,358 |
| Compensation of current officers, directors, key employees. | $50,175 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $101,453 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $20,895 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $14,212 |
| Fees for services: Accounting | $13,895 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $171,499 |
| Advertising and promotion | $23,289 |
| Office expenses | $12,255 |
| Information technology | $246,676 |
| Royalties | $0 |
| Occupancy | $30,312 |
| Travel | $59,453 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $35,854 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $780 |
| Insurance | $16,276 |
| All other expenses | $0 |
| Total functional expenses | $1,115,954 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $199,723 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $3,691 |
| Accounts receivable, net | $169 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $3,118 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $14,500 |
| Total assets | $221,201 |
| Accounts payable and accrued expenses | $8,067 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $8,067 |
| Net assets without donor restrictions | $213,134 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $221,201 |
Grants Awarded
Over the last fiscal year, Startedup Foundation Inc has awarded $127,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ORR FELLOWSHIP PURPOSE: SPONSORSHIP | $100,000 |
SOUTH BEND ELKHART REGIONAL PARTNERSHIP FOUNDATION PURPOSE: SPONSORSHIP | $27,500 |