Elevate Ventures Inc
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Organization summary
Type of Nonprofit
Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.
Category: Community Improvement, Capacity Building / Economic Development (NTEE)
Donations to this organization are tax deductible.
Summary charts: organization finances over time
Revenue $9.96M (2023)
Expenses $11.6M (2023)
Total Assets $12M (2023)
Total Liabilities $2.38M (2023)
Tax Filings by Year
Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.
Fiscal Year Ending Dec.
2023
Extracted Financial Data
Extracted Financial Data from Form 990
Revenue
$9,960,751
Expenses
$11,621,084
Net Income
-$1,660,333
| Notable Sources of Revenue | Percent of Total Revenue | |
|---|---|---|
| Contributions | $1,382,264 |
13.9%
|
| Program Services | $8,338,251 |
83.7%
|
| Investment Income | $337,863 |
3.4%
|
| Bond Proceeds | $0 | |
| Royalties | $0 | |
| Rental Property Income | $0 | |
| Net Fundraising | $0 | |
| Sales of Assets | -$101,966 | |
| Net Inventory Sales | $4,339 |
0.0%
|
| Other Revenue | $0 |
| Notable Expenses | Percent of Total Expenses | |
|---|---|---|
| Executive Compensation | $965,992 |
8.3%
|
| Professional Fundraising Fees | $0 | |
| Other Salaries and Wages | $3,593,422 |
30.9%
|
| Assets/Debt | ||
|---|---|---|
| Total Assets | $11,990,431 | |
| Total Liabilities | $2,378,013 |
Compensation
| Key Employees and Officers | Compensation | Related | Other |
|---|---|---|---|
| Christopher Day (Chief Executive Officer) | $368,135 | $0 | $26,529 |
| Phillip Lodato (General Counsel, Chief Compliance Officer, And Secretary) | $285,267 | $0 | $11,491 |
| Matthew Tyner (Managing Partner) | $254,388 | $0 | $40,293 |
Document Links
990
Filed on Nov. 15, 2024Primary tax return for a nonprofit’s activities, finances, and governance
Fiscal Year Ending Dec.
2022
Extracted Financial Data
Extracted Financial Data from Form 990
Revenue
$6,491,355
Expenses
$7,979,642
Net Income
-$1,488,287
| Notable Sources of Revenue | Percent of Total Revenue | |
|---|---|---|
| Contributions | $1,666,835 |
25.7%
|
| Program Services | $4,600,980 |
70.9%
|
| Investment Income | $174,088 |
2.7%
|
| Bond Proceeds | $0 | |
| Royalties | $0 | |
| Rental Property Income | $0 | |
| Net Fundraising | $0 | |
| Sales of Assets | $9,451 |
0.1%
|
| Net Inventory Sales | $0 | |
| Other Revenue | $40,001 |
0.6%
|
| Notable Expenses | Percent of Total Expenses | |
|---|---|---|
| Executive Compensation | $1,392,625 |
17.5%
|
| Professional Fundraising Fees | $0 | |
| Other Salaries and Wages | $2,317,162 |
29.0%
|
| Assets/Debt | ||
|---|---|---|
| Total Assets | $13,172,198 | |
| Total Liabilities | $2,846,213 |
Compensation
| Key Employees and Officers | Compensation | Related | Other |
|---|---|---|---|
| Christopher La Mothe (Chief Executive Officer Through July 2022) | $491,032 | $0 | $9,054 |
| Phillip Lodato (General Counsel And Secretary) | $285,000 | $0 | $13,257 |
| Barbara Uggen Davis (Chief Financial Officer) | $259,167 | $0 | $32,633 |
Document Links
990
Filed on Nov. 10, 2023Primary tax return for a nonprofit’s activities, finances, and governance
Fiscal Year Ending Dec.
2021
Extracted Financial Data
Extracted Financial Data from Form 990
Revenue
$6,541,390
Expenses
$6,847,993
Net Income
-$306,603
| Notable Sources of Revenue | Percent of Total Revenue | |
|---|---|---|
| Contributions | $1,974,536 |
30.2%
|
| Program Services | $4,329,630 |
66.2%
|
| Investment Income | $95,642 |
1.5%
|
| Bond Proceeds | $0 | |
| Royalties | $0 | |
| Rental Property Income | $0 | |
| Net Fundraising | $0 | |
| Sales of Assets | $58 |
0.0%
|
| Net Inventory Sales | $0 | |
| Other Revenue | $141,524 |
2.2%
|
| Notable Expenses | Percent of Total Expenses | |
|---|---|---|
| Executive Compensation | $1,399,076 |
20.4%
|
| Professional Fundraising Fees | $0 | |
| Other Salaries and Wages | $1,916,801 |
28.0%
|
| Assets/Debt | ||
|---|---|---|
| Total Assets | $13,635,821 | |
| Total Liabilities | $2,487,574 |
Compensation
| Key Employees and Officers | Compensation | Related | Other |
|---|---|---|---|
| Christopher La Mothe (Chief Executive Officer) | $397,124 | $0 | $13,339 |
| Phillip Lodato (General Counsel) | $236,336 | $0 | $11,775 |
| Ting Gootee (Chief Investment Officer) | $228,960 | $0 | $43,716 |
Document Links
990
Filed on Nov. 15, 2022Primary tax return for a nonprofit’s activities, finances, and governance
Fiscal Year Ending Dec.
2020
Extracted Financial Data
Extracted Financial Data from Form 990
Revenue
$5,850,844
Expenses
$5,194,095
Net Income
$656,749
| Notable Sources of Revenue | Percent of Total Revenue | |
|---|---|---|
| Contributions | $1,305,276 |
22.3%
|
| Program Services | $4,365,247 |
74.6%
|
| Investment Income | $114,310 |
2.0%
|
| Bond Proceeds | $0 | |
| Royalties | $0 | |
| Rental Property Income | $0 | |
| Net Fundraising | $0 | |
| Sales of Assets | -$1,975 | |
| Net Inventory Sales | $0 | |
| Other Revenue | $67,986 |
1.2%
|
| Notable Expenses | Percent of Total Expenses | |
|---|---|---|
| Executive Compensation | $1,084,478 |
20.9%
|
| Professional Fundraising Fees | $0 | |
| Other Salaries and Wages | $1,618,459 |
31.2%
|
| Assets/Debt | ||
|---|---|---|
| Total Assets | $11,029,847 | |
| Total Liabilities | $7,220,843 |
Compensation
| Key Employees and Officers | Compensation | Related | Other |
|---|---|---|---|
| Christopher La Mothe (Chief Executive Officer) | $428,829 | $0 | $12,936 |
| Phillip Lodato (General Counsel, Chief Compliance Officer, Secretary) | $220,334 | $0 | $11,143 |
| Ting Gootee (Chief Investment Officer) | $213,119 | $0 | $42,752 |
Document Links
990
Filed on Nov. 2, 2021Primary tax return for a nonprofit’s activities, finances, and governance
Fiscal Year Ending Dec.
2019
Extracted Financial Data
Extracted Financial Data from Form 990
Revenue
$5,326,795
Expenses
$4,269,500
Net Income
$1,057,295
| Notable Sources of Revenue | Percent of Total Revenue | |
|---|---|---|
| Contributions | $802,961 |
15.1%
|
| Program Services | $4,263,721 |
80.0%
|
| Investment Income | $173,110 |
3.2%
|
| Bond Proceeds | $0 | |
| Royalties | $0 | |
| Rental Property Income | $0 | |
| Net Fundraising | $0 | |
| Sales of Assets | -$224 | |
| Net Inventory Sales | $0 | |
| Other Revenue | $87,227 |
1.6%
|
| Notable Expenses | Percent of Total Expenses | |
|---|---|---|
| Executive Compensation | $1,021,022 |
23.9%
|
| Professional Fundraising Fees | $0 | |
| Other Salaries and Wages | $1,300,620 |
30.5%
|
| Assets/Debt | ||
|---|---|---|
| Total Assets | $9,852,173 | |
| Total Liabilities | $4,246,366 |
Compensation
| Key Employees and Officers | Compensation | Related | Other |
|---|---|---|---|
| Christopher La Mothe (Chief Executive Officer) | $384,121 | $0 | $18,215 |
| Phil Lodato (General Counsel, Chief Compliance Officer, Secretary) | $204,943 | $0 | $9,045 |
| Ting Gootee (Chief Investment Officer) | $199,004 | $0 | $31,100 |
Document Links
990
Filed on Oct. 13, 2020Primary tax return for a nonprofit’s activities, finances, and governance
Fiscal Year Ending Dec.
2018
Extracted Financial Data
Extracted Financial Data from Form 990
Revenue
$4,636,197
Expenses
$4,220,363
Net Income
$415,834
| Notable Sources of Revenue | Percent of Total Revenue | |
|---|---|---|
| Contributions | $252,683 |
5.5%
|
| Program Services | $4,232,119 |
91.3%
|
| Investment Income | $84,250 |
1.8%
|
| Bond Proceeds | $0 | |
| Royalties | $0 | |
| Rental Property Income | $0 | |
| Net Fundraising | $0 | |
| Sales of Assets | -$64 | |
| Net Inventory Sales | $0 | |
| Other Revenue | $67,209 |
1.4%
|
| Notable Expenses | Percent of Total Expenses | |
|---|---|---|
| Executive Compensation | $1,107,859 |
26.3%
|
| Professional Fundraising Fees | $0 | |
| Other Salaries and Wages | $1,121,323 |
26.6%
|
| Assets/Debt | ||
|---|---|---|
| Total Assets | $8,772,845 | |
| Total Liabilities | $3,906,600 |
Compensation
| Key Employees and Officers | Compensation | Related | Other |
|---|---|---|---|
| Christopher La Mothe (Chief Executive Officer) | $363,532 | $0 | $23,356 |
| Phil Lodato (General Counsel And Chief Compliance Officer And Secretary) | $200,210 | $0 | $9,254 |
| Ting Gootee (Chief Investment Officer) | $195,168 | $0 | $30,066 |
Document Links
990
Filed on Nov. 4, 2019Primary tax return for a nonprofit’s activities, finances, and governance
Fiscal Year Ending Dec.
2017
Extracted Financial Data
Extracted Financial Data from Form 990
Revenue
$5,512,247
Expenses
$3,618,669
Net Income
$1,893,578
| Notable Sources of Revenue | Percent of Total Revenue | |
|---|---|---|
| Contributions | $1,625,608 |
29.5%
|
| Program Services | $3,858,325 |
70.0%
|
| Investment Income | $26,194 |
0.5%
|
| Bond Proceeds | $0 | |
| Royalties | $0 | |
| Rental Property Income | $0 | |
| Net Fundraising | $0 | |
| Sales of Assets | $0 | |
| Net Inventory Sales | $0 | |
| Other Revenue | $2,120 |
0.0%
|
| Notable Expenses | Percent of Total Expenses | |
|---|---|---|
| Executive Compensation | $850,759 |
23.5%
|
| Professional Fundraising Fees | $0 | |
| Other Salaries and Wages | $1,191,148 |
32.9%
|
| Assets/Debt | ||
|---|---|---|
| Total Assets | $8,499,730 | |
| Total Liabilities | $2,492,214 |
Compensation
| Key Employees and Officers | Compensation | Related | Other |
|---|---|---|---|
| Christopher La Mothe (Board Member And Chief Executive Officer) | $322,887 | $0 | $30,701 |
| Ting Gootee (Chief Investment Officer) | $190,031 | $0 | $28,573 |
| Phillip Lodato (General Counsel And Secretary) | $189,662 | $0 | $9,014 |
Document Links
990
Filed on Oct. 9, 2018Primary tax return for a nonprofit’s activities, finances, and governance
Fiscal Year Ending Dec.
2016
Extracted Financial Data
Extracted Financial Data from Form 990
Revenue
$6,078,756
Expenses
$3,180,097
Net Income
$2,898,659
| Notable Sources of Revenue | Percent of Total Revenue | |
|---|---|---|
| Contributions | $2,110,449 |
34.7%
|
| Program Services | $3,954,560 |
65.1%
|
| Investment Income | $13,454 |
0.2%
|
| Bond Proceeds | $0 | |
| Royalties | $0 | |
| Rental Property Income | $0 | |
| Net Fundraising | $0 | |
| Sales of Assets | -$342 | |
| Net Inventory Sales | $0 | |
| Other Revenue | $635 |
0.0%
|
| Notable Expenses | Percent of Total Expenses | |
|---|---|---|
| Executive Compensation | $714,516 |
22.5%
|
| Professional Fundraising Fees | $0 | |
| Other Salaries and Wages | $1,189,871 |
37.4%
|
| Assets/Debt | ||
|---|---|---|
| Total Assets | $6,298,112 | |
| Total Liabilities | $2,846,271 |
Compensation
| Key Employees and Officers | Compensation | Related | Other |
|---|---|---|---|
| Christopher La Mothe (Board Member And Chief Executive Officer) | $275,308 | $0 | $30,100 |
| Ting Gootee (Chief Investment Officer) | $187,790 | $0 | $26,604 |
| Phillip Lodato (General Counsel) | $185,120 | $0 | $8,146 |
Document Links
990
Filed on Oct. 18, 2017Primary tax return for a nonprofit’s activities, finances, and governance
Fiscal Year Ending Dec.
2015
Extracted Financial Data
Extracted Financial Data from Form 990
Revenue
$3,032,725
Expenses
$2,552,742
Net Income
$479,983
| Notable Sources of Revenue | Percent of Total Revenue | |
|---|---|---|
| Contributions | $0 | |
| Program Services | $3,021,976 |
99.6%
|
| Investment Income | $11,980 |
0.4%
|
| Bond Proceeds | $0 | |
| Royalties | $0 | |
| Rental Property Income | $0 | |
| Net Fundraising | $0 | |
| Sales of Assets | -$2,215 | |
| Net Inventory Sales | $0 | |
| Other Revenue | $984 |
0.0%
|
| Notable Expenses | Percent of Total Expenses | |
|---|---|---|
| Executive Compensation | $626,308 |
24.5%
|
| Professional Fundraising Fees | $0 | |
| Other Salaries and Wages | $791,149 |
31.0%
|
| Assets/Debt | ||
|---|---|---|
| Total Assets | $3,555,742 | |
| Total Liabilities | $3,333,874 |
Compensation
| Key Employees and Officers | Compensation | Related | Other |
|---|---|---|---|
| Phil Lodato (Board Member And General Counsel) | $180,697 | $0 | $1,001 |
| Ting Gootee (Chief Investment Officer) | $170,981 | $0 | $19,902 |
| Robert Clark (Entrepreneur In Residence) | $139,975 | $0 | $14,269 |
Document Links
990
Filed on Oct. 26, 2016Primary tax return for a nonprofit’s activities, finances, and governance
Fiscal Year Ending Dec.
2014
Extracted Financial Data
Extracted Financial Data from Form 990
Revenue
$3,127,391
Expenses
$3,501,250
Net Income
-$373,859
| Notable Sources of Revenue | Percent of Total Revenue | |
|---|---|---|
| Contributions | $240,250 |
7.7%
|
| Program Services | $2,879,729 |
92.1%
|
| Investment Income | $5,279 |
0.2%
|
| Bond Proceeds | $0 | |
| Royalties | $0 | |
| Rental Property Income | $0 | |
| Net Fundraising | $0 | |
| Sales of Assets | $0 | |
| Net Inventory Sales | $0 | |
| Other Revenue | $2,133 |
0.1%
|
| Notable Expenses | Percent of Total Expenses | |
|---|---|---|
| Executive Compensation | $764,221 |
21.8%
|
| Professional Fundraising Fees | $0 | |
| Other Salaries and Wages | $959,748 |
27.4%
|
| Assets/Debt | ||
|---|---|---|
| Total Assets | $3,397,850 | |
| Total Liabilities | $346,762 |
Compensation
| Key Employees and Officers | Compensation | Related | Other |
|---|---|---|---|
| Stephen Hourigan (Chief Executive Officer) | $245,990 | $0 | $26,708 |
| Ting Gootee (Chief Investment Officer) | $156,956 | $0 | $21,766 |
| Robert Clark (Entrepreneur In Residence) | $140,134 | $0 | $15,125 |
Document Links
990
Filed on Nov. 13, 2015Primary tax return for a nonprofit’s activities, finances, and governance
Fiscal Year Ending Dec.
2013
Extracted Financial Data
Extracted Financial Data from Form 990
Revenue
$3,947,692
Expenses
$3,051,775
Net Income
$895,917
| Notable Sources of Revenue | Percent of Total Revenue | |
|---|---|---|
| Contributions | $549,333 |
13.9%
|
| Program Services | $3,394,922 |
86.0%
|
| Investment Income | $921 |
0.0%
|
| Bond Proceeds | $0 | |
| Royalties | $0 | |
| Rental Property Income | $0 | |
| Net Fundraising | $0 | |
| Sales of Assets | $0 | |
| Net Inventory Sales | $0 | |
| Other Revenue | $2,516 |
0.1%
|
| Notable Expenses | Percent of Total Expenses | |
|---|---|---|
| Executive Compensation | $681,268 |
22.3%
|
| Professional Fundraising Fees | $0 | |
| Other Salaries and Wages | $833,134 |
27.3%
|
| Assets/Debt | ||
|---|---|---|
| Total Assets | $3,498,030 | |
| Total Liabilities | $335,914 |
Compensation
| Key Employees and Officers | Compensation | Related | Other |
|---|---|---|---|
| Stephen Hourigan (Chief Executive Officer) | $306,674 | $0 | $6,211 |
| David Clark (Venture Partner) | $164,470 | $0 | $3,915 |
| Ting Gootee (Vice President Of Investments) | $157,299 | $0 | $4,961 |
Document Links
990
Filed on Nov. 17, 2014Primary tax return for a nonprofit’s activities, finances, and governance
Fiscal Year Ending Dec.
2012
Extracted Financial Data
Extracted Financial Data from Form 990
Revenue
$4,201,714
Expenses
$2,657,536
Net Income
$1,544,178
| Notable Sources of Revenue | Percent of Total Revenue | |
|---|---|---|
| Contributions | $1,714,937 |
40.8%
|
| Program Services | $2,486,033 |
59.2%
|
| Investment Income | $744 |
0.0%
|
| Bond Proceeds | $0 | |
| Royalties | $0 | |
| Rental Property Income | $0 | |
| Net Fundraising | $0 | |
| Sales of Assets | $0 | |
| Net Inventory Sales | $0 | |
| Other Revenue | $0 |
| Notable Expenses | Percent of Total Expenses | |
|---|---|---|
| Executive Compensation | $419,490 |
15.8%
|
| Professional Fundraising Fees | $0 | |
| Other Salaries and Wages | $1,012,551 |
38.1%
|
| Assets/Debt | ||
|---|---|---|
| Total Assets | $2,624,488 | |
| Total Liabilities | $377,216 |
Document Links
990
Primary tax return for a nonprofit’s activities, finances, and governance
Fiscal Year Ending Dec.
2011
Extracted Financial Data
Extracted Financial Data from Form 990
Revenue
$1,669,184
Expenses
$921,065
Net Income
$748,119
| Notable Sources of Revenue | Percent of Total Revenue | |
|---|---|---|
| Contributions | $225,000 |
13.5%
|
| Program Services | $1,443,766 |
86.5%
|
| Investment Income | $418 |
0.0%
|
| Bond Proceeds | $0 | |
| Royalties | $0 | |
| Rental Property Income | $0 | |
| Net Fundraising | $0 | |
| Sales of Assets | $0 | |
| Net Inventory Sales | $0 | |
| Other Revenue | $0 |
| Notable Expenses | Percent of Total Expenses | |
|---|---|---|
| Executive Compensation | $253,231 |
27.5%
|
| Professional Fundraising Fees | $0 | |
| Other Salaries and Wages | $397,160 |
43.1%
|
| Assets/Debt | ||
|---|---|---|
| Total Assets | $969,241 | |
| Total Liabilities | $221,122 |
Document Links
990
Primary tax return for a nonprofit’s activities, finances, and governance
About This Data
Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.
The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.
In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.
We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.