Overview
What is Michigan Venture Capital Association?
Michigan Venture Capital Association, identified as MVCA, is a nonprofit organization situated in Bloomfield Hills, Michigan. Their primary mission is to foster and maintain a thriving venture capital community within the state. By advocating for venture capital investments in new and emerging businesses, they aim to stimulate entrepreneurship. Additionally, MVCA educates the public on the advantages of venture capital investing and offers professional development opportunities to its members through research and learning programs. The Venture Fellows Program, a key initiative, aims to expand the pool of venture professionals in Michigan and expedite capital investments into early-stage companies, ultimately aiming to cultivate the next generation of successful venture capitalists in the state. With a staff of two dedicated individuals, MVCA plays a significant role in nurturing Michigan's venture capital landscape.
Official website here: www.michiganvca.org
Is Michigan Venture Capital Association legitimate?
Michigan Venture Capital Association is a legitimate nonprofit organization registered as a 501(c)(6) entity. Michigan Venture Capital Association 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $180,560
Professional Fundraising Fees: $0
Other Salaries and Wages: $129,520
For more financial information, click here
Official website here: www.michiganvca.org
What is the mission statement of Michigan Venture Capital Association?
The Michigan Venture Capital Association's mission is geared towards fostering and sustaining a thriving venture capital community. They achieve this by advocating for investments in new and emerging companies, enlightening the community on the advantages of venture capital investing, and promoting the professional growth of its members through research and development opportunities.
Official website here: www.michiganvca.org
What is the revenue of Michigan Venture Capital Association?
Michigan Venture Capital Association's revenue in 2023 was $476,104.
Official website here: www.michiganvca.org
Who are the executives of Michigan Venture Capital Association and what are their salaries?
The average compensation at Michigan Venture Capital Association during 2023 was $103,360. There are 3 employees at Michigan Venture Capital Association.
Here are 12 key members and their salaries:
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Official website here: www.michiganvca.org
Where can I find the form 990 for Michigan Venture Capital Association?
Michigan Venture Capital Association's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.michiganvca.org
Learn more at the official website: www.michiganvca.org
Mission Statement of Michigan Venture Capital Association
The Michigan Venture Capital Association, as an organization, is dedicated to fostering and preserving a thriving venture capital community within Michigan. It accomplishes this by advocating for investments in new and emerging companies, thereby stimulating an entrepreneurial environment. The association also plays a significant role in educating the community about the advantages of venture capital investing. Furthermore, Michigan Venture Capital Association promotes the professional growth of its members through research and various development opportunities. By undertaking these activities, the association aims to cultivate a robust venture capital community in Michigan.
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Impact
October, 2024
The Michigan Venture Capital Association plays a crucial role in fostering a thriving venture capital ecosystem in Michigan. By promoting an entrepreneurial environment, it encourages investments in new and emerging companies, which in turn drives innovation and economic growth in the region.
Through its initiatives, including the Venture Fellows Program, the association seeks to increase the number of venture professionals in Michigan. This program not only aims to create new opportunities within the state's venture capital firms but also to enhance fundraising efforts and facilitate the deployment of capital into early-stage companies. By cultivating the next generation of venture capitalists, the MVCA ensures a sustained flow of expertise and investment in Michigan's burgeoning startup scene.
Additionally, the organization focuses on educating the broader community about the benefits of venture capital investing. This educational approach helps demystify the venture capital process, encouraging more stakeholders to engage with and support the local entrepreneurial landscape. Overall, the Michigan Venture Capital Association is instrumental in building a vibrant and sustainable venture capital community that contributes significantly to the state's economic vitality.
This information is meant to be a general summary of Michigan Venture Capital Association. Please take the time to review official sources before making any decisions based upon the content provided here.
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 2023.
- Investment Income: $29,104
- Program Service Revenue: $229,774
- Gross Receipts: $476,104
Assets and Liabilities:
- Total Assets: $1,357,564
- Total Liabilities: $241,811
- Net Assets: $1,115,753
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ANNUAL AWARDS DINNER
Revenue
$82,725
481(A) ADJUSTMENT
Revenue
$77,724
SERVICE PROVIDER SPONS
Revenue
$35,100
EVENT SALES
Revenue
$24,225
STANDARD SPONSORSHIP
Revenue
$10,000
Organization Details
Founding Year
2002
Principal Officer
Ara Topouzian
Website
www.michiganvca.orgNTEE Category
Code: Z99 - Unknown
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