Overview

Sign up for

Est.

2004

Fiscal Year Start

Jan 1

Organization Type

Grantseeker

AI Summary

The Venture Michigan Fund (EIN: 20-1443645) is a nonprofit organization focused on community and economic development in Michigan. Its mission is to raise capital and invest in venture capital firms to support early and seed-stage businesses within the state. With an operating budget of $1.8 million and total revenue of $30.8 million for the 2024 filing year, the organization plays a significant role in fostering economic growth in Michigan. More information can be found at www.venturemichigan.com.

Mission Statement

TO RAISE CAPITAL AND INVEST THAT CAPITAL IN VENTURE CAPITAL FIRMS WITH THE INTENT TO BENEFIT THE STATE OF MICHIGAN'S EARLY OR SEED STAGE BUSINESSES.
Revenues
$30.8M
Expenses
$1.8M
Net Income:
+$29M
Assets
$255.7M
Liabilities
$4.2M
Net Assets:
+$251.5M
Operating Budget
$1.8M
Operating Budget by Year

Due Diligence

Are you a grantmaker?
Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
Go beyond basic verification
Instantly get 50+ financial health and governance metrics, including LUNA.
plg-image
plg-image
Go beyond basic verification
Instantly get 50+ financial health and governance metrics, including LUNA.
A
Ann Storberg
Board Member
F
Fredrick Molnar
Board Member
S
Scott Idle
Board Member

Frequently Asked Questions

What is VENTURE MICHIGAN FUND’s budget?
In 2024, VENTURE MICHIGAN FUND reported an annual operating budget of around $1.8 million. More detailed financial information is available to registered users.
What causes does VENTURE MICHIGAN FUND support?
VENTURE MICHIGAN FUND supports work in Community and economic development.
Where does VENTURE MICHIGAN FUND operate?
VENTURE MICHIGAN FUND is headquartered in New York, NY.