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Nonprofiteer
← STARTEDUP FOUNDATION INC

Form 990 for tax year 2023

Filed by STARTEDUP FOUNDATION INC.

Totals

Total revenue
$1,984,179
Total expenses
$1,785,690
Contributions and grants received
$259,439
Grants paid
$2,500
Program service revenue
$1,724,740
Investment income
$0
Other revenue
$0
Total assets, end of year
$423,877
Total liabilities, end of year
$12,254
Net assets or fund balances, end of year
$411,623
Program services expenses (Part IX)
$1,283,254
Management and general expenses
$269,418
Fundraising expenses
$233,018
Program service expenses (Part III)
$1,283,254

Program services were 71.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $259,439

  • 2a · Program service revenue: ECOSYSTEM BUILD PROJEC

    total $900,927 · related or exempt $900,927

  • 2b · Program service revenue: INNOVATE WITHIN

    total $675,404 · related or exempt $675,404

  • 2c · Program service revenue: CERTIFICATION

    total $145,409 · related or exempt $145,409

  • 2d · Program service revenue: EVENT INCOME

    total $3,000 · related or exempt $3,000

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,500 · program services $2,500

  • 5 · Compensation of officers, directors and key employees

    total $239,221 · program services $77,727 · management and general $101,494 · fundraising $60,000

  • 7 · Other salaries and wages

    total $339,566 · program services $201,144 · management and general $5,136 · fundraising $133,286

  • 9 · Other employee benefits

    total $8,905 · management and general $8,905

  • 10 · Payroll taxes

    total $43,481 · program services $21,389 · management and general $7,267 · fundraising $14,825

  • 11b · Fees: legal

    total $1,702 · management and general $1,702

  • 11c · Fees: accounting

    total $30,874 · management and general $30,874

  • 11g · Fees: other

    total $415,164 · program services $386,289 · management and general $17,850 · fundraising $11,025

  • 12 · Advertising and promotion

    total $68,789 · program services $49,769 · management and general $19,020

  • 13 · Office expenses

    total $11,252 · program services $1,689 · management and general $9,330 · fundraising $233

  • 14 · Information technology

    total $99,249 · program services $90,854 · management and general $8,395

  • 16 · Occupancy

    total $51,847 · program services $13,519 · management and general $38,328

  • 17 · Travel

    total $80,368 · program services $72,668 · management and general $3,308 · fundraising $4,392

  • 19 · Conferences, conventions and meetings

    total $313,384 · program services $300,841 · management and general $3,286 · fundraising $9,257

  • 22 · Depreciation, depletion and amortization

    total $1,247 · management and general $1,247

  • 23 · Insurance

    total $6,971 · management and general $6,971

  • 24a · Other expenses: STUDENT COMPETITION

    total $58,000 · program services $58,000

  • 24b · Other expenses: DUES & SUB.

    total $7,345 · program services $1,564 · management and general $5,781

  • 24c · Other expenses: PHOTOGRAPHY & VIDEO

    total $5,301 · program services $5,301

  • 24d · Other expenses: OTHER EXP

    total $524 · management and general $524

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $199,723 · end of year $266,981

  • 3 · Pledges and grants receivable

    beginning of year $3,691 · end of year $0

  • 4 · Accounts receivable

    beginning of year $169 · end of year $140,525

  • 10a · Land, buildings and equipment: cost or other basis

    $3,898

  • 10b · Land, buildings and equipment: accumulated depreciation

    $2,027

  • 10c · Land, buildings and equipment, net

    beginning of year $3,118 · end of year $1,871

  • 15 · Other assets

    beginning of year $14,500 · end of year $14,500

  • 17 · Accounts payable and accrued expenses

    beginning of year $8,067 · end of year $12,254

  • 27 · Net assets without donor restrictions

    beginning of year $213,134 · end of year $411,623

Mission and programs · 2023

Mission

EMPOWER STUDENTS BY IMMERSING THEM INTO THE ENTREPRENEURIAL WAY OF BEING, INSPIRING THEM TO START SOMETHING NEW, MENTORING THEM THROUGH NEW VENTURES.

  • 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.

    Expenses $766,974 · Revenue $900,927

  • 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.

    Expenses $281,756 · Grants $2,500 · Revenue $672,340

  • 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.

    Expenses $167,672 · Revenue $145,409

  • Expenses $66,852 · Revenue $6,064

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Elaine Bedel

    BOARD MEMBER THROUGH 5/1/23

    Total calculated
    $0
    Hours/week
    1

  • Nathan Harris

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Brian Schutt

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • David Roberts

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Sunny Lu Williams

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Donald Wettrick

    CEO

    Total calculated
    $120,000
    From this org
    $120,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Hunter Stone

    PRESIDENT

    Total calculated
    $119,221
    From this org
    $107,341
    From related orgs
    $0
    Other
    $11,880
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • STARTEDUP INNOVATION LLC

    CONSULTING · IN

Provenance

Return type
form_990
Tax year
2023
Filed
2 May 2024
IRS schema version
2023v5.0
Source object
202441239349302404

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