Public Charity

MICHIGAN VENTURE CAPITAL ASSOCIATION

Based in BLOOMFIELD HILLS, MI, MICHIGAN VENTURE CAPITAL ASSOCIATION operates as a Public Charity. The organization reported $508K in revenue, $458K in expenses, $1.2M in total assets for fiscal year 2024. Imperigo tracks 11 reported grants from this foundation totaling approximately $186K.

EIN: 810559466 BLOOMFIELD HILLS, MI Latest filing: 2024
Total Revenue$508K
Total Expenses$458K
Total Assets$1.2M
Grants Given11
Grant Total$186K
Filing Years2019–2024

Mission

THE MISSION OF THE ORGANIZATION IS TO GROW AND SUSTAIN A VIBRANT VENTURE CAPITAL COMMUNITY IN MICHIGAN BY PROMOTING AN ENTREPENURIAL ENVIRONMENT THROUGH ENCOURAGING INVESTMENTS IN NEW AND EMERGING COMPANIES, EDUCATING THE COMMUNITY TO THE BENEFITS OF VENTURE CAPITAL INVESTING AND PROMOTING PROFESSIONAL DEVELOPMENT OF MEMBERS THROUGH RESEARCH AND PROFESSIONAL DEVELOPMENT OPPORTUNITIES.

Sample Grants Given

AUGMENT VENTURES
ANN ARBOR, MI · 2019
MI VENTURE FELLOWS
$21,234
DETROIT, MI · 2019
MI VENTURE FELLOWS
$16,875
GRAND VENTURES
GRAND RAPIDS, MI · 2019
MI VENTURE FELLOWS
$11,700
DETROIT VENTURES PARTNERS
DETROIT, MI · 2019
MI VENTURE FELLOWS
$11,235
FONTINALIS PARTNERS LLC
DETROIT, MI · 2019
MI VENTURE FELLOWS P
$11,000

Showing up to 5 of 11 total records — full history available with membership.

Officers & Directors

DIRECTOR Adrian Fortino
DIRECTOR Alison Todak
EXECUTIVE DIRECTOR Ara Topouzian
VICE CHAIRPERSON Ben Bernstein
DIRECTOR Camila Noordeloos
DIRECTOR Doug Neal

Officer compensation and complete director data available with membership.

Top Grant Purposes

MI VENTURE FELLOWS
$115,790 7 grants
MI VENTURE FELLOWS P
$70,399 4 grants

Financial Trends

Year Revenue Expenses Assets
2024 $508K $458K $1.2M
2023 $476K $576K $1.1M
2022 $482K $647K $1.4M
2020 $339K $430K $1.7M
2019 $488K $662K $1.5M

Between 2019 and 2024, reported annual revenue grew from $488K to $508K (+4%), with total assets most recently reported at $1.2M.

Interactive year-over-year charts and full filing details available with membership.

Grant Geography

Grants from this foundation were reported to recipients in MI.

MI

Full geographic grant map with state-by-state breakdown available with membership.

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