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Indiana · Nonprofit

REGIONAL INNOVATION AND STARTUP EDUCATION INC

REGIONAL INNOVATION AND STARTUP EDUCATION INC (Indiana) receives grants from 5 organizations whose IRS filings report $1,137,613 to it, the largest being THE GARATONI-SMITH FAMILY FOUNDATION ($933,500). 3 of them have funded it in more than one year.

Revenue FY2025
$872k
Funders on record
5
Grants received
$1.1M
Net assets
$129k
3/5 repeat funderspeak grant-dependency 30%
01What it does

What Regional Innovation and Startup Education Inc does

Mission

The rise program is designed to mentor and educate high school students in how to become entrepreneurs and begin their own businesses in order to stimulate the local business sector.

As stated on its FY2025 Form 990.

Programs

  1. Rise is committed to further development and enhancement to the regional and statewide entrepreneurial ecosystem. Rise has designed accredited programs committed to entrepreneurial education and provide the essential framework and skills for students and adults of all ages to further explore and develop their entrepreneurial aspirations and pursuits.

    $21,995 spent$13,100 earned by the program
    7% of program spending
  2. Startup moxie, a flagship rise program for high school students in the south bend-elkhart region, empowers students to develop entrepreneurial skills, discover personal passions, and build meaningful community connections. The year-long, dual college credit program offers students a hands-on immersive experience to develop an entrepreneurial mindset and skills to create and launch their own business startups.

    $312,291 spentof which $500 as grants$186,000 earned by the program
    93% of program spending

The 2 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $334,286.

02The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20172017 Revenue 100 ($233k) Expenses 100 ($253k) Net assets -23 ($-39418)2018 Revenue 78 ($181k) Expenses 101 ($257k) Net assets -66 ($-111068)2021 Revenue 327 ($763k) Expenses 175 ($443k) Net assets 100 ($168k)2022 Revenue 118 ($274k) Expenses 143 ($364k) Net assets 47 ($80k)2023 Revenue 386 ($900k) Expenses 274 ($694k) Net assets 170 ($286k)2024 Revenue 454 ($1.1M) Expenses 380 ($964k) Net assets 219 ($369k)2025 Revenue 374 ($872k) Expenses 401 ($1.0M) Net assets 76 ($129k)
2017201820212022202320242025
Revenue (374)Expenses (401)Net assets (76)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2024 to 2025, from $390k to $136k (−65%).

$53k
$22k
$422k
$371k
$401k
$390k
$136k
2017201820212022202320242025
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2017
2018
2021
2022
2023
2024
2025
ContributionsProgram revenueInvestmentOther

Government-grant reliance: 2017 30% · 2021 43% · 2022 15% · 2023 8% · 2024 25% · 2025 21%. Grants only. Government contracts and fees sit inside program revenue.

78% of REGIONAL INNOVATION AND STARTUP EDUCATION INC’s revenue is contributions — more donation-reliant than the typical peer (57% for the typical peer).

This organization
Typical peer · 24,946 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 4 of the last 7 reported years ran a deficit.

−$20k
’17
−$76k
’18
$319k
’21
−$90k
’22
$206k
’23
$93k
’24
−$145k
’25
0.2
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Chief executive

Iris Hammel

Executive director

As listed on its FY2025 Form 990.

2017201820212022202320242025
Listed201699789
Joined·+7·+0+2+1+1
No longer listed·11·0400
03Who funds it

Who funds it, year by year

2019 → 2023: the base broadened from 1 funder to 2 funders, grant income rose $4k → $268k.

From the IRS filings of REGIONAL INNOVATION AND STARTUP EDUCATION INC’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

REGIONAL INNOVATION AND STARTUP EDUCATION INC leans on a few funders — its largest provides 82% of grant income and the top three 96%; half comes from just 1 funder.

the vertical line marks half of all grant income — 1 funder to its left

82%
largest funder
96%
top three
~1
effective funders

Largest funder’s share by year: 2019 100% · 2020 100% · 2021 92% · 2022 60% · 2023 81% — diversifying over time.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

Where its funders are

100% of REGIONAL INNOVATION AND STARTUP EDUCATION INC's grant income comes from Indiana funders.

IN

In-state vs out-of-state, by year

’19
’20
’21
’22
’23
Indiana out of state home

Funder states come from each funder’s own filing. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

REGIONAL INNOVATION AND STARTUP EDUCATION INC has grown faster than half of the 16,849 education nonprofits its size.

Operating margin−17% · bottom quartile
Months of reserve0.2mo · bottom quartile
Revenue growth (annualized)18% · above the median

this organization peer median middle 50% of peers· 16,849 education nonprofits $100k–$1M, FY2025

Organizations like REGIONAL INNOVATION AND STARTUP EDUCATION INC

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Indiana

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

33% of spending goes to programs.

Program 33%Management 34%Fundraising 33%

Governance

8
board members
100%
independent
–Conflict-of-interest policy–Whistleblower policy–Document retention✓Board reviewed the 990–Audited financials

Public support

54%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Footprint & structure

Files a return copy in 1 state

IN

Screen this organization

A dated, signed PDF of the compliance screen for REGIONAL INNOVATION AND STARTUP EDUCATION INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

A paid feature, included from the $75 plan up. Sign in to download.

Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds REGIONAL INNOVATION AND STARTUP EDUCATION INC?
REGIONAL INNOVATION AND STARTUP EDUCATION INC (Indiana) receives grants from 5 organizations whose IRS filings report $1,137,613 to it, the largest being THE GARATONI-SMITH FAMILY FOUNDATION ($933,500). 3 of them have funded it in more than one year.
How many funders does REGIONAL INNOVATION AND STARTUP EDUCATION INC have?
IRS filings report 5 organizations giving $1,137,613 in grants to REGIONAL INNOVATION AND STARTUP EDUCATION INC, 3 of which have funded it in more than one year.
Who is the largest funder of REGIONAL INNOVATION AND STARTUP EDUCATION INC?
THE GARATONI-SMITH FAMILY FOUNDATION is the largest funder on record, with $933,500 in grants. The full list of funders is on this page.
How can an organization like REGIONAL INNOVATION AND STARTUP EDUCATION INC find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Indiana. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

Play a game about who funds Regional Innovation and Startup Education →

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 5 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing