Nonprofit · EIN 93-3076680
MILESTONE GROWTH CAPITAL INSTITUTE
Tax-exempt · DETROIT, MI 48216
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 (amended) | $244,356 | $174,711 | $69,645 | $92,359 | $299 | $92,060 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $283,811
- Program service revenue
- $0
- Investment income
- $0
- Net income from fundraising events
- -$39,455
- Other revenue
- -$39,455
Expenses
- Grants and similar amounts paid
- $24,269
- Compensation of officers, directors and key employees
- $60,750
- Salaries, compensation and benefits (total)
- $60,750
- Professional fundraising fees
- $0
- Legal fees
- $4,162
- Accounting fees
- $4,215
- Travel
- $2,986
- Program services (functional)
- $127,833
- Management and general (functional)
- $46,878
Balance sheet and other
- Total assets, start of year
- $22,714
- Total assets, end of year
- $92,359
- Total liabilities, end of year
- $299
- Net assets, end of year
- $92,060
- Net assets without donor restrictions
- $92,060
- Gross receipts
- $283,811
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2023
- 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 |
|---|---|---|---|
| DAWN BATTS | PRESIDENT AND C.E.O. Trustee or director, Officer | 40 | $36,450 |
| ANNE MAGHAS | CHIEF OPERATING OFFICER Trustee or director, Officer | 20 | $24,300 |
| NICOLE WASHINGTON | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 2050 15TH STREET 3RD FLOOR, DETROIT, MI 48216-1879
- In care of
- % DAWN BATTS
- Mailing address (990-N for 2023)
- 2050 15TH STREET, DETROIT MI 482161879
- Principal officer (990 for 2024)
- DAWN BATTS, 2050 15TH STREET, DETROIT, MI 482161879
- Principal officer (990-N for 2023)
- DAWN BATTS, 2050 15TH STREET, DETROIT MI 482161879
- Signed the 990
- DAWN BATTS, PRESIDENT AND C.E.O.
- Phone
- (313) 300-5977
- Website
- WWW.MILESTONES.CAPITAL
- Return prepared by
- GJC CPA'S & ADVISORS
Mission
TO PROVIDE EDUCATION AND EXPOSURE TO ENTREPRENEURSHIP, ANGEL INVESTING, AND ALTERNATIVE FUNDING MODELS TO EMERGING ANGEL INVESTORS AND FOUNDERS, AS WELL AS TO SHARE RESEARCH WITH RELEVANT ECOSYSTEM STAKEHOLDERS AND THE PUBLIC
Program accomplishments
- MILESTONE GROWTH CAPITAL INSTITUTE ("MGCI") ADVANCES ITS MISSION THROUGH EDUCATION, RESEARCH, AND COMMUNITY-BUILDING PROGRAMS THAT STRENGTHEN THE EARLY-STAGE ENTREPRENEURIAL ECOSYSTEM. DURING THE REPORTING YEAR, THE INSTITUTE OFFERED TWO MULTI-WEEK COHORT PROGRAMS FOR EMERGING INVESTORS AND FOUNDERS, WITH TRAINING ON CRITICAL BUSINESS MILESTONES, EARLY STAGE INVESTING, AND FUNDING OPTIONS. SEE SCHEDULE O FOR ADDITIONAL INFORMATION.MGCI'S DATA-DRIVEN RESEARCH GENERATED ACTIONABLE INSIGHTS TO INCREASE THE PLURALITY OF ECOSYSTEM PARTICIPANTS; THIS INCLUDED COMPLETING ONE MAJOR RESEARCH STUDY IN COLLABORATION WITH A LOCAL UNIVERSITY. THIS STUDY INCLUDED 55 IN-DEPTH INTERVIEWS WITH ENTREPRENEURIAL ECOSYSTEM STAKEHOLDERS. TO FOSTER MEANINGFUL CONNECTIONS AMONG ANGEL INVESTORS, MGCI HOSTED AN ANGEL FORUM, ENGAGING NEARLY 100 PARTICIPANTS. TOGETHER, THESE EFFORTS BUILD AND SUPPORT INNOVATION, DEEPEN KNOWLEDGE ABOUT NAVIGATING THE ENTREPRENEURIAL ECOSYSTEM, AND CONTRIBUTE TO BUILDING A MORE COLLABORATIVE ENTREPRENEURIAL COMMUNITY.Expenses $127,833 · grants $24,269
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-N on file |
IRS record
- EIN
- 93-3076680
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2023
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $92,359
- Income (IRS master file)
- $283,811
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $244,356 | $174,711 | $92,359 | XML |
| 990-N for 2023 Officer: DAWN BATTS | December 31, 2023 | ≤ $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 93-3076680).
Questions about MILESTONE GROWTH CAPITAL INSTITUTE
- What is the EIN of MILESTONE GROWTH CAPITAL INSTITUTE?
- The employer identification number (EIN) of MILESTONE GROWTH CAPITAL INSTITUTE is 93-3076680.
- Is MILESTONE GROWTH CAPITAL INSTITUTE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
- Are donations to MILESTONE GROWTH CAPITAL INSTITUTE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MILESTONE GROWTH CAPITAL INSTITUTE 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 MILESTONE GROWTH CAPITAL INSTITUTE 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 MILESTONE GROWTH CAPITAL INSTITUTE 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 MILESTONE GROWTH CAPITAL INSTITUTE?
- The 990 for the year ended December 31, 2024 names DAWN BATTS.
- Who are the officers and directors of MILESTONE GROWTH CAPITAL INSTITUTE?
- The 990 for the year ended December 31, 2024 lists 3 people; 2 received compensation from the organization, the highest $36,450 (DAWN BATTS, PRESIDENT AND C.E.O.).
- How much revenue does MILESTONE GROWTH CAPITAL INSTITUTE have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $244,356, expenses of $174,711 and total assets of $92,359 at year end.
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