Overview
What is Michigan Capital Network Association?
Michigan Capital Network Association is a nonprofit organization situated in Grand Rapids, Michigan, with a focus on fostering a community of early-stage investors. Their primary service program, Grand Angels, has attracted 73 of their 143 members. This program specifically caters to investors in the Greater Grand Rapids area, providing monthly meetings for CEOs from various companies. The association's mission is to educate, grow, and diversify investors, with a primary focus on early-stage investing in Michigan and surrounding areas. By establishing an association, they aim to empower members with the necessary tools, resources, and support to improve business conditions for the association and its members, spanning sectors like advanced manufacturing, alternative energy, consumer goods, life science, and other technologies.
Official website here: www.michigancapitalnetwork.com
Is Michigan Capital Network Association legitimate?
Michigan Capital Network Association is a legitimate nonprofit organization registered as a 501(c)(6) entity. Michigan Capital Network 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: $118,517
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.michigancapitalnetwork.com
What is the mission statement of Michigan Capital Network Association?
The Michigan Capital Network Association aims to establish a community of individuals and groups engaged in early-stage investing. To achieve this, they have established an association that empowers its members with the necessary tools, resources, and support to improve business conditions for the association and its members. One of their significant service programs is Grand Angels, which has generated a substantial number of members and focuses on investors in the Greater Grand Rapids area. They provide monthly meetings for Grand Angels, hosting CEOs from various companies, to educate, grow, and diversify investors. The Michigan Capital Network Association primarily focuses on early-stage investing in Michigan and surrounding areas, with specific interest in advanced manufacturing, alternative energy, consumer goods, life science, and other technologies.
Official website here: www.michigancapitalnetwork.com
Who is the CEO of Michigan Capital Network Association?
Paul D'Amato is the Member & Ceo of Michigan Capital Network Association. The CEO's salary of Michigan Capital Network Association is $0 and their total compensation is $284,720.
Official website here: www.michigancapitalnetwork.com
What is the revenue of Michigan Capital Network Association?
Michigan Capital Network Association's revenue in 2022 was $360,123.
Official website here: www.michigancapitalnetwork.com
Who are the executives of Michigan Capital Network Association and what are their salaries?
Here are 5 key members and their salaries (Michigan Capital Network Association's CEO's salary is $0 and their total compensation is $284,720):
- Compensation: $0
- Related: $284,720
- Other: $0
- Compensation: $118,517
- Related: $0
- Other: $0
- Compensation: $0
- Related: $16,667
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.michigancapitalnetwork.com
Where can I find the form 990 for Michigan Capital Network Association?
Michigan Capital Network Association's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.michigancapitalnetwork.com
Learn more at the official website: www.michigancapitalnetwork.com
Mission Statement of Michigan Capital Network Association
Michigan Capital Network Association aims to establish a community of individuals and groups engaged in early-stage investing. Their mission is to empower this community by creating an association that equips its members with the necessary tools, resources, and support to enhance the business conditions for the association and its members. The organization achieves this by offering programs such as Grand Angels, which attracts 73 members out of a total of 143. This program focuses on investors in the Greater Grand Rapids area and provides monthly meetings for CEOs from various companies. These meetings serve to educate, grow, and diversify investors, with a focus on early-stage investing in Michigan and surrounding areas. The association also encourages membership in advanced manufacturing, alternative energy, consumer goods, life science, and other technologies.
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Impact
October, 2024
The Michigan Capital Network Association plays a pivotal role in fostering a robust ecosystem for early-stage investing in Michigan, particularly through its flagship program, Grand Angels. By bringing together a diverse group of investors, the association creates a collaborative environment that supports education, growth, and diversification in the investment community.
With the majority of its members affiliated with the Grand Angels program, the association provides targeted resources and networking opportunities tailored specifically for investors in the Greater Grand Rapids area. Monthly meetings featuring CEOs from various companies facilitate valuable insights and connections, enhancing the knowledge base and investment strategies of its members.
Additionally, the association emphasizes sectors crucial for regional development, including advanced manufacturing, alternative energy, consumer goods, and life sciences. This sector-focused approach not only catalyzes investment in emerging technologies but also promotes the overall economic vitality of Michigan and its surrounding areas. By empowering its members with tools and support, the Michigan Capital Network Association significantly advances the business landscape for early-stage investing, ultimately contributing to community improvement and sustainable economic growth.
This information is meant to be a general summary of Michigan Capital Network 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 2022.
- Gross Receipts: $360,123
Assets and Liabilities:
- Total Assets: $49,462
- Total Liabilities: $9,856
- Net Assets: $39,606
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Organization Details
Founding Year
2021
Phone
(616) 566-1770Principal Officer
Paul D'Amato
Main Address
37 Ottawa Ave NW Suite 200, Grand Rapids, MI, 49503
NTEE Category
Code: S41 - Community improvement
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