STARTEDUP FOUNDATION INC

EIN: 825058263 501(c)(3) Human Services

NOBLESVILLE, IN

Total Revenue
$2,421,425
Total Expenses
$1,892,988
Total Assets
$1,190,726
Net Assets
$940,060
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Financial Trends

Organization Details

Formation Year
2018
Legal Domicile
IN
Principal Officer
HUNTER STONE
Phone
3177779240
Tax Period
2024-01-01 to 2024-12-31

STARTEDUP FOUNDATION INC, founded in 2018, is a community nonprofit in the Human Services sector that reported $2.4M in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum. The organization ran a surplus of $528K, a strong 22% operating margin.

Mission

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

Program Service Accomplishments

Program 1
Expenses: $707,726 Revenue: $944,417

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...

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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.

Program 2
Expenses: $317,654 Revenue: $589,167

INNOVATE WITHIN IS A STATEWIDE HIGH SCHOOL PITCH COMPETITION THAT CHALLENGES STUDENTS TO IDENTIFY REAL-WORLD PROBLEMS AND DEVELOP INNOVATIVE BUSINESS SOLUTIONS. DELIVERED IN PARTNERSHIP WITH THE...

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INNOVATE WITHIN IS A STATEWIDE HIGH SCHOOL PITCH COMPETITION THAT CHALLENGES STUDENTS TO IDENTIFY REAL-WORLD PROBLEMS AND DEVELOP INNOVATIVE BUSINESS SOLUTIONS. DELIVERED IN PARTNERSHIP WITH THE INDIANA ECONOMIC DEVELOPMENT CORPORATION, THE PROGRAM PROVIDES MENTORSHIP, ENTREPRENEURSHIP EDUCATION, AND ACCESS TO SEED FUNDING. STUDENTS COMPETE THROUGH REGIONAL AND STATE-LEVEL EVENTS, GAINING CRITICAL SKILLS IN PROBLEM-SOLVING, COMMUNICATION, AND COLLABORATION WHILE CONNECTING WITH INDIANA'S ENTREPRENEURIAL ECOSYSTEM.

Program 3
Expenses: $233,045 Revenue: $210,000

THE STARTEDUP INNOVATION EDUCATOR FELLOWSHIP IS A YEAR-LONG PROFESSIONAL DEVELOPMENT PROGRAM THAT EQUIPS HIGH SCHOOL EDUCATORS TO BECOME INNOVATION LEADERS IN THEIR CLASSROOMS AND COMMUNITIES...

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THE STARTEDUP INNOVATION EDUCATOR FELLOWSHIP IS A YEAR-LONG PROFESSIONAL DEVELOPMENT PROGRAM THAT EQUIPS HIGH SCHOOL EDUCATORS TO BECOME INNOVATION LEADERS IN THEIR CLASSROOMS AND COMMUNITIES. THROUGH IN-PERSON WORKSHOPS, ONGOING COACHING, AND PROJECT-BASED LEARNING, TEACHERS GAIN TOOLS TO EMBED ENTREPRENEURSHIP, REAL-WORLD PROBLEM-SOLVING, AND COMMUNITY ENGAGEMENT INTO THEIR CLASSWORK. THE PROGRAM EMPOWERS EDUCATORS TO CONNECT STUDENTS WITH LOCAL INDUSTRIES AND OPPORTUNITIES, BUILDING PURPOSE-DRIVEN LEARNING ENVIRONMENTS AND STRENGTHENING LOCAL TALENT PIPELINES.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $673,738
Program Service Revenue $1,743,584
Investment Income $3,284
Other Revenue $819
TOTAL REVENUE $2,421,425

Expense Breakdown

Grants Paid $171,250
Salaries & Benefits $691,596
Fundraising Expenses $292,714
Program Expenses $1,258,425
Other Expenses $1,030,142
TOTAL EXPENSES $1,892,988

Year-over-Year Comparison

2024 2023 Change
Revenue $2,421,425 $1,984,179 +0.2%
Expenses $1,892,988 $1,785,690 +0.1%
Net Income $528,437 $198,489 +1.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
4
Independent Members
4
Employees
8
Volunteers
110

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$238,900
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DONALD WETTRICK CEO 40.00
Officer
$119,671 $0 $119,671
HUNTER STONE PRESIDENT 40.00
Officer
$107,349 $11,880 $119,229
GARRETT DUNHAM 324 - PRESENT BOARD MEMBER 1.00
Director
$0 $0 $0
NATHAN HARRIS THROUGH 524 BOARD MEMBER 1.00
Director
$0 $0 $0
FRANCISCO LEIJA 324 - PRESENT BOARD MEMBER 1.00
Director
$0 $0 $0
DAVID ROBERTS BOARD MEMBER 1.00
Director
$0 $0 $0
BRIAN SCHUTT THROUGH 824 BOARD MEMBER 1.00
Director
$0 $0 $0
MATTHEW WELLS 324 - PRESENT BOARD MEMBER 1.00
Director
$0 $0 $0
SUNNY LU WILLIAMS THROUGH 824 BOARD MEMBER 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $2,421,425 $1,892,988 $1,190,726 $528,437
2023 $1,984,179 $1,785,690 $423,877 $198,489
2022 $1,112,158 $1,115,954 $221,201 $-3,796
2021 $742,431 $729,037 $222,760 $13,394
2020 $567,479 $424,909 $209,700 $142,570
2019 $286,094 $245,405 $62,399 $40,689
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