Nonprofit · EIN 86-3992946
MICHIGAN FOUNDERS FUND
Tax-exempt · ANN ARBOR, MI 48104
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,887,693 | $1,681,191 | $206,502 | $1,396,799 | $786,119 | $610,680 |
| December 31, 2023 | 990 | $1,171,501 | $1,148,589 | $22,912 | $420,972 | $16,794 | $404,178 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,867,737
- of which government grants
- $952,968
- Program service revenue
- $0
- Investment income
- $19,956
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $176,900
- Other salaries and wages
- $335,254
- Salaries, compensation and benefits (total)
- $395,325
- Professional fundraising fees
- $0
- Occupancy
- $38,919
- Program services (functional)
- $1,341,072
- Management and general (functional)
- $283,445
- Fundraising (functional)
- $56,674
Balance sheet and other
- Total assets, start of year
- $420,972
- Total assets, end of year
- $1,396,799
- Total liabilities, end of year
- $786,119
- Net assets, end of year
- $610,680
- Net assets without donor restrictions
- $610,680
- Gross receipts
- $1,887,693
- Employees
- 6
- Volunteers
- 50
- Year formed
- 2021
- 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 |
|---|---|---|---|
| RISHI MOUDGIL | EXECUTIVE DIRECTOR Trustee or director | 40 | $152,293 |
| DUG SONG | CO-CHAIR Trustee or director, Officer | 2 | $0 |
| BHUSHAN KULKARNI | CO-CHAIR Trustee or director, Officer | 2 | $0 |
| ADRIAN FORTINO | TREASURER Trustee or director, Officer | 2 | $0 |
| KATY LOCKER | BOARD MEMBER AT-LARGE Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TRISTA VAN TINE | EXECUTIVE DIRECTOR Trustee or director, Officer | 40 | $134,303 |
| DUG SONG | CO-CHAIR Trustee or director, Officer | 2 | $0 |
| BHUSHAN KULKARNI | CO-CHAIR Trustee or director, Officer | 2 | $0 |
| ADRIAN FORTINO | TREASURER Trustee or director, Officer | 2 | $0 |
| KATY LOCKER | DIRECTOR Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 206 E HURON ST STE 305, ANN ARBOR, MI 48104-1954
- In care of
- % TRISTA VAN TINE
- Mailing address (990-N for 2021)
- 455 E Eisenhower Parkway Ste 300, Ann Arbor MI 48108
- Principal officer (990 for 2024)
- ADRIAN FORTINO, 206 E HURON STREET 305, ANN ARBOR, MI 48104
- Principal officer (990-N for 2021)
- Trista Van Tine, 152 Spring Lake Drive, Chelsea MI 48118
- Signed the 990
- RISHI MOUDGIL, EXECUTIVE DIRECTOR
- Phone
- (734) 249-8898
- Website
- www.michiganfoundersfund.org
- Return prepared by
- CBIZ ADVISORS LLC
Mission
MICHIGAN FOUNDERS FUND (MFF) HELPS ENTREPRENEURS AND THEIR TEAMS BECOME ACTIVE PARTICIPANTS IN THE COMMUNITIES WHERE THEY OPERATE THROUGHOUT THE STATE OF MICHIGAN. MFF WILL PROVIDE EDUCATIONAL PROGRAMMING AND RESOURCES THAT EQUIP ENTREPRENEURS TO BECOME STRONGER LEADERS AND HELP THEM BUILD DIVERSE, EQUITABLE AND INCLUSIVE COMPANY CULTURES. MFF PROGRAMMING WILL ENABLE ENTREPRENEURS TO CONSIDER THE IMPACT OF THE BUSINESS ON MULTIPLE STAKEHOLDERS, SOCIETY AND THE ENVIRONMENT. MFF WILL PROVIDE EVIDENCED-BASED DATA THAT EMPOWERS ENTREPRENEURS TO MAKE CHARITABLE FINANCIAL AND SERVICE CONTRIBUTIONS TO SUPPORT THE ONGOING WORK OF MFF AND OTHER NONPROFIT 501(C)(3) ORGANIZATIONS DEDICATED TO ADVANCING ENTREPRENEURS AND STUDENTS IN STEM AND GENERATING POSITIVE, SUSTAINABLE PUBLIC BENEFITS TO COMMUNITIES THROUGHOUT MICHIGAN. MFF WILL COLLABORATE WITH OTHER 501(C)(3) ORGANIZATIONS TO PROMOTE THEIR WORK AND ORGANIZE SERVICE ACTIVITIES FOR ENTREPRENEURS.
Program accomplishments
- MICHIGAN FOUNDERS FUND (MFF) HELPS ENTREPRENEURS AND THEIR TEAMS BECOME ACTIVE PARTICIPANTS IN THE COMMUNITIES WHERE THEY OPERATE THROUGHOUT THE STATE OF MICHIGAN. MFF WILL PROVIDE EDUCATIONAL PROGRAMMING AND RESOURCES THAT EQUIP ENTREPRENEURS TO BECOME STRONGER LEADERS AND HELP THEM BUILD DIVERSE, EQUITABLE AND INCLUSIVE COMPANY CULTURES. MFF PROGRAMMING WILL ENABLE ENTREPRENEURS TO CONSIDER THE IMPACT OF THE BUSINESS ON MULTIPLE STAKEHOLDERS, SOCIETY AND THE ENVIRONMENT. MFF WILL PROVIDE EVIDENCED-BASED DATA THAT EMPOWERS ENTREPRENEURS TO MAKE CHARITABLE FINANCIAL AND SERVICE CONTRIBUTIONS TO SUPPORT THE ONGOING WORK OF MFF AND OTHER NONPROFIT 501(C)(3) ORGANIZATIONS DEDICATED TO ADVANCING ENTREPRENEURS AND STUDENTS IN STEM AND GENERATING POSITIVE, SUSTAINABLE PUBLIC BENEFITS TO COMMUNITIES THROUGHOUT MICHIGAN. MFF WILL COLLABORATE WITH OTHER 501(C)(3) ORGANIZATIONS TO PROMOTE THEIR WORK AND ORGANIZE SERVICE ACTIVITIES FOR ENTREPRENEURS.Expenses $1,341,072 · grants $176,900
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
- 86-3992946
- 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
- 2022
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T30)
- Assets (IRS master file)
- $1,396,799
- Income (IRS master file)
- $1,887,693
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,887,693 | $1,681,191 | $1,396,799 | IRS |
| 990 | December 2023 | $1,171,501 | $1,148,589 | $420,972 | XML |
| 990 | December 2022 | $936,800 | $583,538 | $387,553 | IRS |
| 990-N for 2021 Officer: Trista Van Tine | December 31, 2021 | ≤ $50,000 receipts | – | – | e-Postcard |
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 86-3992946).
Questions about MICHIGAN FOUNDERS FUND
- What is the EIN of MICHIGAN FOUNDERS FUND?
- The employer identification number (EIN) of MICHIGAN FOUNDERS FUND is 86-3992946.
- Is MICHIGAN FOUNDERS FUND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to MICHIGAN FOUNDERS FUND tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MICHIGAN FOUNDERS 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 MICHIGAN FOUNDERS 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 MICHIGAN FOUNDERS 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 MICHIGAN FOUNDERS FUND?
- The 990 for the year ended December 31, 2024 names ADRIAN FORTINO.
- Who are the officers and directors of MICHIGAN FOUNDERS FUND?
- The 990 for the year ended December 31, 2024 lists 5 people; 1 received compensation from the organization, the highest $152,293 (RISHI MOUDGIL, EXECUTIVE DIRECTOR).
- How much revenue does MICHIGAN FOUNDERS FUND have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,887,693, expenses of $1,681,191 and total assets of $1,396,799 at year end.
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