Overview
What is Venture Michigan Fund?
The Venture Michigan Fund is a nonprofit organization located in New York, specifically at 767 Fifth Avenue, 14th Floor, with the primary goal of raising capital and investing that capital into venture capital firms. By doing so, they aim to positively impact early or seed-stage businesses in Michigan. This investment strategy is intended to stimulate growth and development within the state.
Official website here: www.venturemichigan.com
Is Venture Michigan Fund legitimate?
Venture Michigan Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Venture Michigan Fund submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Venture Michigan Fund?
The Venture Michigan Fund is dedicated to raising capital and investing it in venture capital firms to support the growth of early or seed stage businesses within Michigan. By doing so, the fund aims to positively impact the state's economy and entrepreneurial ecosystem. Through strategic investments, the Venture Michigan Fund seeks to foster innovation and create new job opportunities for Michigan residents. The fund's efforts are geared towards providing financial resources and expertise to emerging companies, enabling them to scale and reach their full potential. The ultimate goal is to stimulate economic growth and create a vibrant business community within Michigan.
Official website here: www.venturemichigan.com
Who is the CEO of Venture Michigan Fund?
John Evans is the Treasurer of Venture Michigan Fund.
Official website here: www.venturemichigan.com
What is the revenue of Venture Michigan Fund?
Venture Michigan Fund's revenue in 2022 was $26,346,078.
Official website here: www.venturemichigan.com
Who are the executives of Venture Michigan Fund and what are their salaries?
- Jeffrey Rinvelt (Treasurer) [Trustee/Director]
- Scott Idle (President) [Trustee/Director]
- Dawn Batts (Secretary) [Trustee/Director]
- Ann Storberg (N/A) [Trustee/Director]
- Tim Easterwood (N/A) [Trustee/Director]
- Fredrick Molnar (N/A) [Trustee/Director]
- Brandon Way (N/A) [Trustee/Director]
Official website here: www.venturemichigan.com
Where can I find the form 990 for Venture Michigan Fund?
The Venture Michigan Fund’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.venturemichigan.com
Learn more at the official website: www.venturemichigan.com
Mission Statement of Venture Michigan Fund
Venture Michigan Fund is a mission-driven organization dedicated to raising capital and investing that capital into venture capital firms. The ultimate goal is to benefit the early or seed stage businesses in Michigan. By investing in venture capital firms, Venture Michigan Fund aims to foster growth within the Michigan business community and contribute to its economic development.
The Venture Michigan Fund's strategy is twofold: first, they raise capital; second, they invest that capital in venture capital firms. The capital is specifically intended to support businesses in their early stages, providing them with the resources they need to grow and thrive. The organization's investment in venture capital firms allows them to reach a broad range of potential businesses and make a significant impact on Michigan's entrepreneurial ecosystem.
Moreover, the Venture Michigan Fund plays a vital role in the Michigan business community by identifying and supporting promising businesses that may not have access to other forms of funding. By focusing on early stage businesses, the organization helps to fill a gap in the funding landscape and provides these young companies with the resources they need to succeed. In doing so, the Venture Michigan Fund lays the groundwork for a vibrant and innovative business community in Michigan.
Impact
This information is meant to be a general summary of Venture Michigan Fund. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
The Venture Michigan Fund has a significant impact by raising capital and investing it in venture capital firms with the intent to benefit the state of Michigan's early or seed stage businesses. Through its activities, this fund plays a vital role in supporting the growth and development of startups in Michigan, ultimately contributing to economic prosperity and job creation in the state. By channeling resources towards innovative and promising ventures, the Venture Michigan Fund helps drive entrepreneurship and innovation, fostering a dynamic business environment that benefits both entrepreneurs and the local community.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Organization Details
Founding Year
2004
Phone
(646) 362-3700
Principal Officer
John Evans
Main Address
767 Fifth Avenue 14th Floor, NEW YORK, NY, 10153
Website
www.venturemichigan.com
NTEE Category
Code: S123 - Community improvement
If you are a representative of Venture Michigan Fund and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.