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Northern Michigan Angels

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 825397756 ✦ Traverse city, MI ✦ Designated as a 501(c)(6)

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Overview

What is Northern Michigan Angels?

Northern Michigan Angels is a nonprofit organization based in Traverse City, Michigan, dedicated to fostering local investment capital growth. Acting as an economic development entity, their primary mission is to bolster the economic foundation in Northern Michigan. They facilitate the formation of capital, aiming to strengthen the local economy.


Official website here: www.northernmichiganangels.com

Is Northern Michigan Angels legitimate?

Northern Michigan Angels is a legitimate nonprofit organization registered as a 501(c)(6) entity. Northern Michigan Angels submitted a form 990EZ, 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.


Official website here: www.northernmichiganangels.com

What is the mission statement of Northern Michigan Angels?

The mission of Northern Michigan Angels, as a third-party perspective, is centered around fostering the growth of the local economy in Northern Michigan. Acting as an economic development entity, they actively promote the formation of investment capital to bolster this growth.


Official website here: www.northernmichiganangels.com

Who is the CEO of Northern Michigan Angels?

Elizabeth Verschure is the Treasurer of Northern Michigan Angels.


Official website here: www.northernmichiganangels.com

What is the revenue of Northern Michigan Angels?

Northern Michigan Angels's revenue in 2022 was $110,495.


Official website here: www.northernmichiganangels.com

Who are the executives of Northern Michigan Angels and what are their salaries?


Here are 7 key members and their salaries:


Deanna Cannon (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dennis Arouca (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steve Lang (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Elizabeth Verschure (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jody Trietch (Executive Di)
  • Compensation: $51,000
  • Related: $0
  • Other: $0
Jeff Hamilton (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Doug Morgenstern (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.northernmichiganangels.com

Where can I find the form 990EZ for Northern Michigan Angels?

Northern Michigan Angels's most recent form 990EZ was submitted in 2022 and can be accessed here.


Official website here: www.northernmichiganangels.com

Learn more at the official website: www.northernmichiganangels.com

Mission Statement of Northern Michigan Angels

Northern Michigan Angels, as a mission-driven organization, is dedicated to fostering the growth of local investment capital in its region. Acting as an economic development entity, it aims to enhance the economic base within its community. By promoting investment opportunities, Northern Michigan Angels contributes to the overall development and prosperity of the region it serves.

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Impact




October, 2024

Northern Michigan Angels plays a crucial role in strengthening the local economy by fostering investment in Northern Michigan's future. By promoting local investment capital formation, the organization enables entrepreneurs and businesses to access the necessary resources to grow and innovate. This not only creates jobs but also enhances economic vitality in the region, contributing to community improvement. Based in Traverse City, the organization facilitates connections between investors and startups, ensuring that local ventures receive the support they need to thrive. Through their efforts, Northern Michigan Angels is helping to build a more prosperous and sustainable economic base in Northern Michigan.




This information is meant to be a general summary of Northern Michigan Angels. 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.

Revenue
$110,495 (2022)
Expenses
$96,434 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Gross Receipts: $110,495

Assets and Liabilities:

  • Total Assets: $68,226
  • Total Liabilities: $15,314
  • Net Assets: $52,912

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Organization Details

Principal Officer

Elizabeth Verschure

Main Address

PO BOX 1622, TRAVERSE CITY, MI, 49684

NTEE Category

Code: S40 - Community improvement

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