Loading organization details...
Loading organization details...
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.
Source: IRS Form 990 (Tax Year 2024)
Source: IRS e-Filed Form 990 (from the IRS e-File system), Tax Year 2024
Total Revenue
▼$30.8M
Program Spending
94%
of total expenses go to program services
Total Contributions
$0
Total Expenses
▼$1.8M
Total Assets
$255.7M
Total Liabilities
▼$4.2M
Net Assets
$251.5M
Officer Compensation
→$0
Other Salaries
$0
Investment Income
$7.1M
Fundraising
▼$0
Source: USAspending.gov
No federal awards found for this organization.
USAspending.gov tracks federal grants, cooperative agreements, and other financial assistance. Not all nonprofits receive federal funding.
Source: Federal Audit Clearinghouse (fac.gov)
No federal single audit records found for this organization.
Single audits are required for entities expending $750,000+ in federal awards annually.
Tax Year 2024 · Source: IRS e-Filed Form 990
Members of the governing board. Board members often serve without compensation.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other |
|---|
Source: IRS Publication 78, Auto-Revocation List & e-Postcard Data
Tax-deductible contributions: Yes
Deductibility code: PC
Sources: IRS e-Filed Form 990 (XML) & ProPublica Nonprofit Explorer
Scroll →
| Year | Revenue | Contributions | Expenses | Assets | Net Assets |
|---|---|---|---|---|---|
| 2024IRS e-File | $30.8M | $0 | $1.8M | $255.7M | $251.5M |
| 2023IRS e-File | $11.7M | $0 | $1.5M | $254.5M | $248.7M |
| 2022 | $26.3M | $0 | $2.2M | $339.8M | $328.9M |
| 2021 | $100.5M |
Sources: ProPublica Nonprofit Explorer & IRS e-File Index
| Tax Year | Form Type | Source | Documents |
|---|---|---|---|
| 2024 | 990 | IRS e-File | PDF not yet published by IRSView Filing → |
| 2023 | 990 | DataIRS e-File | PDF not yet published by IRSView Filing → |
| 2022 | 990 | DataIRS e-File |
Financial data: IRS e-Filed Form 990 (Tax Year 2024)
Leadership & compensation: IRS e-Filed Form 990, Part VII (Tax Year 2024)
Organization info: IRS Business Master File
Tax-deductibility: IRS Publication 78
| Total |
|---|
| Ann Storberg | N/a | — | $0 | $0 | $0 | $0 |
| Brandon Way | N/a | — | $0 | $0 | $0 | $0 |
| Dawn Batts | Secretary | — | $0 | $0 | $0 | $0 |
| Fredrick Molnar | N/a | — | $0 | $0 | $0 | $0 |
| Jeffrey Rinvelt | Treasurer | — | $0 | $0 | $0 | $0 |
| Scott Idle | President | — | $0 | $0 | $0 | $0 |
| Tim Easterwood | N/a | — | $0 | $0 | $0 | $0 |
Ann Storberg
N/a
$0
Hrs/Wk
—
Compensation
$0
Related Orgs
$0
Other
$0
Brandon Way
N/a
$0
Hrs/Wk
—
Compensation
$0
Related Orgs
$0
Other
$0
Dawn Batts
Secretary
$0
Hrs/Wk
—
Compensation
$0
Related Orgs
$0
Other
$0
Fredrick Molnar
N/a
$0
Hrs/Wk
—
Compensation
$0
Related Orgs
$0
Other
$0
Jeffrey Rinvelt
Treasurer
$0
Hrs/Wk
—
Compensation
$0
Related Orgs
$0
Other
$0
Scott Idle
President
$0
Hrs/Wk
—
Compensation
$0
Related Orgs
$0
Other
$0
Tim Easterwood
N/a
$0
Hrs/Wk
—
Compensation
$0
Related Orgs
$0
Other
$0
| $0 |
| $18.5M |
| $479.8M |
| $406.1M |
| 2020 | $78.9M | $0 | $18.4M | $423.9M | $213.6M |
| 2019 | $18.2M | $0 | $21.2M | $343.1M | $76.5M |
| 2018 | $11.8M | $0 | $22.3M | $359.7M | $92.9M |
| 2017 | $12.6M | $0 | $22.5M | $356.2M | $73.4M |
| 2016 | $8.5M | $0 | $29.2M | $364.7M | -$6.9M |
| 2015 | $6M | $0 | $33.5M | $352.6M | $2.8M |
| 2014 | -$1.1M | $0 | $39.1M | $281M | -$122.6M |
| 2013 | $3.8M | $0 | $28.1M | $263.4M | -$97.2M |
| 2012 | $5M | $0 | $25.2M | $264.2M | -$71.3M |
| 2011 | $3.6M | $0 | $21M | $182.4M | -$64.1M |
| 2021 | 990 | Data |
| 2020 | 990 | Data |
| 2019 | 990 | Data |
| 2018 | 990 | Data |
| 2017 | 990 | Data | PDF not yet published by IRS |
| 2016 | 990 | Data |
| 2015 | 990 | Data |
| 2014 | 990 | Data |
| 2013 | 990 | Data |
| 2012 | 990 | Data |
| 2011 | 990 | Data |
| 2010 | 990 | — |
| 2009 | 990 | — |
| 2008 | 990 | — |
| 2007 | 990 | — |
| 2006 | 990 | — |
| 2005 | 990 | — |