Overview

Sign up for

Est.

2018

Latest Fiscal Year

Not available

Organization Type

Grantseeker

AI Summary

The Traverse City Center of Entrepreneurship is a nonprofit organization dedicated to accelerating the growth of tech startups, entrepreneurs, and scalable businesses in Northwest Lower Michigan. With an operating budget of $1.7 million and total revenue of $2.2 million for the 2024 filing year, the organization is supported by a diverse group of funders, none of which contribute 50% or more of its revenue. More information can be found on their website, www.20fathoms.org.

Mission Statement

Our mission is to accelerate the growth of tech startups, entrepreneurs, and scalable businesses in NW Lower Michigan.
Revenues
$2.2M
Expenses
$1.9M
Net Income:
+$286.5K
Assets
$2.4M
Liabilities
$2M
Net Assets:
+$320.1K
Operating Budget
$1.7M
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.
Total No. of Grants
3
Median grant size
$5.8K
Largest grant received
$25K
E
Eric Roberts
Board Member
G
Greg Luyt
Board Member
R
Rebecca Teahen
Board Member

Frequently Asked Questions

What is TRAVERSE CITY CENTER OF ENTREPRENEURSHIP’s budget?
In 2024, TRAVERSE CITY CENTER OF ENTREPRENEURSHIP reported an annual operating budget of around $1.7 million. More detailed financial information is available to registered users.
What causes does TRAVERSE CITY CENTER OF ENTREPRENEURSHIP support?
TRAVERSE CITY CENTER OF ENTREPRENEURSHIP supports work in Entrepreneurship.
Where does TRAVERSE CITY CENTER OF ENTREPRENEURSHIP operate?
TRAVERSE CITY CENTER OF ENTREPRENEURSHIP is headquartered in Traverse City, MI.
Who funded TRAVERSE CITY CENTER OF ENTREPRENEURSHIP recently?
In 2024, TRAVERSE CITY CENTER OF ENTREPRENEURSHIP received grants from FIDELITY INVESTMENTS CHARITABLE GIFT FUND, CHARITIES AID FOUNDATION AMERICA, and VANGUARD CHARITABLE ENDOWMENT PROGRAM. More information on this organization’s funders is available to registered users.
What is the largest grant TRAVERSE CITY CENTER OF ENTREPRENEURSHIP received in 2024?
The largest grant to TRAVERSE CITY CENTER OF ENTREPRENEURSHIP in 2024 exceeds $25 thousand.
What is TRAVERSE CITY CENTER OF ENTREPRENEURSHIP’s reliance on government grants?
TRAVERSE CITY CENTER OF ENTREPRENEURSHIP relied on government grants for more than 60% of their total revenue in 2024.