Startedup Foundation Inc
- Assets
- $222.8k
- Revenue
- $742.4k
- Investments
- $0.0
- Employees
- 3
- Location
- Noblesville, IN
- Founding
- 03/2019
- Data as of
- 12/2021
- 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 12/2021, Startedup Foundation Inc employed 3 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 12/2021, Startedup Foundation Inc generated $742.4k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 59.3% each year . All expenses for the organization totaled $729.0k during the year ending 12/2021. While expenses have increased by 66.5% per year over the past 4 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
2021
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
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. THESE EVENTS ARE HELD IN LOCALIZED AREAS BY STARTEDUP FOUNDATION CHAPTERS. DURING THESE EVENTS, A CHAPTER INVITES A LOCAL BUSINESS OR NON-PROFIT TO PITCH A CHALLENGE THEY FACE TO A GROUP OF STUDENT ATTENDEES. AFTER A SHORT Q&A, STUDENTS BREAK INTO GROUPS TO COLLABORATE, RAPID PROTOTYPE, AND PITCH SOLUTIONS BACK TO THE GUEST ORGANIZATION. WITH A SKILLS-BASED APPROACH TO EACH EVENT AND A FOCUS ON THE STARTEDUP "ROTH-IRA" PROBLEM-SOLVING FRAMEWORK, STUDENS EXIT EACH EVENT WITH A NEW FOCUS ON INDENTIFYING OPPORTUNITIES AND FINDING WAYS TO CREATE VALUE.
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.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donald Wettrick CEO | Officer | 40 | $99,000 |
Hunter Stone President | Officer | 40 | $80,920 |
Nathan Harris Board Member | Trustee | 1 | $0 |
Brian Schutt Board Member | Trustee | 1 | $0 |
Elaine Bedel Board Member | Trustee | 1 | $0 |
David Roberts Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $510,332 |
| All other contributions, gifts, grants, and similar amounts not included above | $232,099 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $742,431 |
| Total Program Service Revenue | $0 |
| 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 | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $742,431 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,000 |
| 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. | $179,872 |
| Compensation of current officers, directors, key employees. | $72,398 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $132,859 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $17,585 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,818 |
| Fees for services: Accounting | $5,675 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $44,419 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $23,610 |
| Advertising and promotion | $85,456 |
| Office expenses | $14,120 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $29,842 |
| Travel | $31,300 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $100,098 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $7,424 |
| All other expenses | $0 |
| Total functional expenses | $729,037 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $222,591 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $222,760 |
| Accounts payable and accrued expenses | $5,830 |
| 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 | $5,830 |
| Net assets without donor restrictions | $216,930 |
| 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 | $222,760 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Startedup Foundation Inc has recieved totaling $24,537.
| Awarding Organization | Amount |
|---|---|
Indianapolis Foundation Inc Indianapolis, IN PURPOSE: Innovate WithIN | $17,500 |
Real World Scholars Inc San Diego, CA PURPOSE: TO SUPPORT ORGANIZATION'S MISSION | $7,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $37 |
Peer Organizations
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|---|---|---|
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Goodwill Industries Of North Central Wisc Inc Menasha, WI | $88,771,633 | $81,283,932 |
Childrens Home & Aid Society Of Illinois Chicago, IL | $55,063,389 | $78,192,284 |
Lutheran Social Services Of Illinois Des Plaines, IL | $62,918,656 | $74,591,812 |
Dismas Charities Inc Louisville, KY | $50,549,022 | $73,995,842 |
Community Advocates Inc Milwaukee, WI | $18,692,383 | $54,333,478 |
Lutheran Social Services Of Wisconsin And Upper Michigan West Allis, WI | $89,212,422 | $59,977,625 |
Ada S Mckinley Community Services Inc Chicago, IL | $17,309,260 | $43,710,701 |
Audubon Area Community Services Inc Owensboro, KY | $41,933,406 | $49,214,124 |
Christian Social Service Of Illinois Belleville, IL | $18,359,176 | $39,517,456 |
Lifeline Youth & Family Services Inc Fort Wayne, IN | $15,628,659 | $38,083,955 |
Chicago Commons Association Chicago, IL | $18,778,773 | $34,368,248 |