Nonprofit · EIN 20-1443645
VENTURE MICHIGAN FUND
Tax-exempt · NEW YORK, NY 10153
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $30,782,882 | $1,790,345 | $28,992,537 | $255,676,228 | $4,209,438 | $251,466,790 |
| December 31, 2023 | 990 | $11,679,447 | $1,499,758 | $10,179,689 | $254,515,626 | $5,769,503 | $248,746,123 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $7,100,240
- Royalties
- $3,830
- Other revenue
- $23,682,642
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $75,107
- Program services (functional)
- $1,689,487
- Management and general (functional)
- $100,858
Balance sheet and other
- Total assets, start of year
- $254,515,626
- Total assets, end of year
- $255,676,228
- Total liabilities, end of year
- $4,209,438
- Net assets, end of year
- $251,466,790
- Net assets without donor restrictions
- $251,466,790
- Gross unrelated business income
- -$6,900
- Gross receipts
- $30,782,882
- Employees
- 0
- Volunteers
- 7
- Year formed
- 2004
- State of legal domicile
- MI
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JEFFREY RINVELT | TREASURER Trustee or director | 0 | $0 |
| SCOTT IDLE | PRESIDENT Trustee or director | 0 | $0 |
| DAWN BATTS | SECRETARY Trustee or director | 0 | $0 |
| ANN STORBERG | n/a Trustee or director | 0 | $0 |
| TIM EASTERWOOD | n/a Trustee or director | 0 | $0 |
| FREDRICK MOLNAR | n/a Trustee or director | 0 | $0 |
| BRANDON WAY | n/a Trustee or director | 0 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JEFFREY RINVELT | TREASURER Trustee or director | 0 | $0 |
| SCOTT IDLE | PRESIDENT Trustee or director | 0 | $0 |
| DAWN BATTS | SECRETARY Trustee or director | 0 | $0 |
| ANN STORBERG | n/a Trustee or director | 0 | $0 |
| TIM EASTERWOOD | n/a Trustee or director | 0 | $0 |
| FREDRICK MOLNAR | n/a Trustee or director | 0 | $0 |
| BRANDON WAY | n/a Trustee or director | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 767 FIFTH AVENUE 11TH FLOOR, NEW YORK, NY 10153-0126
- In care of
- % TERESA YUE
- Principal officer (990 for 2024)
- TERESA YUE, 767 Fifth Avenue 11th Floor, NEW YORK, NY 10153
- Signed the 990
- TERESA YUE, AUTHORIZED SIGNATORY
- Phone
- (646) 362-3700
- Website
- www.venturemichigan.com
- Return prepared by
- KPMG LLP
Mission
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.
Program accomplishments
- 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.Expenses $1,689,487
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 20-1443645
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2005
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S123)
- Assets (IRS master file)
- $255,676,228
- Income (IRS master file)
- $30,782,882
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $30,782,882 | $1,790,345 | $255,676,228 | IRS |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $11,679,447 | $1,499,758 | $254,515,626 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $26,346,078 | $2,196,899 | $339,849,528 | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-1443645).
Questions about VENTURE MICHIGAN FUND
- What is the EIN of VENTURE MICHIGAN FUND?
- The employer identification number (EIN) of VENTURE MICHIGAN FUND is 20-1443645.
- Is VENTURE MICHIGAN FUND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2005.
- Are donations to VENTURE MICHIGAN FUND tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does VENTURE MICHIGAN FUND file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of VENTURE MICHIGAN FUND due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did VENTURE MICHIGAN FUND last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of VENTURE MICHIGAN FUND?
- The 990 for the year ended December 31, 2024 names TERESA YUE.
- Who are the officers and directors of VENTURE MICHIGAN FUND?
- The 990 for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
- How much revenue does VENTURE MICHIGAN FUND have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $30,782,882, expenses of $1,790,345 and total assets of $255,676,228 at year end.
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