Venture Michigan Fund

Organization Overview

Venture Michigan Fund is located in New York, NY. The organization was established in 2005. According to its NTEE Classification (S12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Venture Michigan Fund is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2020, Venture Michigan Fund generated $78.9m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 53.8% each year . All expenses for the organization totaled $18.4m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

SEE SCHEDULE O

Describe the Organization's Program Activity:

Part 3 - Line 4a

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.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$0
Investment income $1,710,868
Tax Exempt Bond Proceeds $0
Royalties $5,518
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $78,875,591

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