Civic Intelligence

Venture Michigan Fund

EIN 20-1443645 • 501(c)3 • New York, NY

Profile

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.

767 Fifth Avenue 11th FloorNew York, NY 10153

www.venturemichigan.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

9th percentile

0.02x

Higher debt load relative to assets than 9% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Source year 2024

Liabilities / Revenue

17th percentile

0.14x

Higher debt load relative to revenue than 17% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Source year 2024

Net Margin

99th percentile

94%

Higher net margin than 99% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Source year 2024

Top Officer Pay

5th percentile

$0

Higher top officer pay than 5% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • $250M-$1B nonprofits • Source year 2024

Asset Growth

27th percentile

0.5%

Faster asset growth than 27% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Annualized from 2023 to 2024

Revenue Growth

97th percentile

164%

Faster revenue growth than 97% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets9th percentile

Assets

Up

$255,676,228

Up $1,160,602 (+0.5%) from 2023

Liabilities

Down

$4,209,438

Down $1,560,065 (-27%) from 2023

Net Assets

Up

$251,466,790

Up $2,720,667 (+1.1%) from 2023

Operations
Liabilities / Revenue17th percentileNet Margin99th percentile

Revenue

Up

$30,782,882

Up $19,103,435 (+164%) from 2023

Expenses

Up

$1,790,345

Up $290,587 (+19%) from 2023

Net Income

Up

$28,992,537

Up $18,812,848 (+185%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth27th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$600M$400M$200M$0-$200MAssets 2010: $159,691,032Liabilities 2010: $203,629,349Net Assets 2010: -$43,938,3172010Assets 2011: $182,412,898Liabilities 2011: $246,477,474Net Assets 2011: -$64,064,5762011Assets 2012: $264,209,270Liabilities 2012: $335,555,323Net Assets 2012: -$71,346,0532012Assets 2013: $263,380,122Liabilities 2013: $360,575,551Net Assets 2013: -$97,195,4292013Assets 2014: $281,044,287Liabilities 2014: $403,646,015Net Assets 2014: -$122,601,7282014Assets 2015: $352,566,089Liabilities 2015: $349,776,221Net Assets 2015: $2,789,8682015Assets 2016: $364,722,390Liabilities 2016: $371,611,986Net Assets 2016: -$6,889,5962016Assets 2017: $356,235,761Liabilities 2017: $282,811,223Net Assets 2017: $73,424,5382017Assets 2018: $359,734,507Liabilities 2018: $266,803,889Net Assets 2018: $92,930,6182018Assets 2019: $343,074,204Liabilities 2019: $266,618,291Net Assets 2019: $76,455,9132019Assets 2020: $423,885,343Liabilities 2020: $210,242,481Net Assets 2020: $213,642,8622020Assets 2021: $479,759,499Liabilities 2021: $73,663,491Net Assets 2021: $406,096,0082021Assets 2022: $339,849,528Liabilities 2022: $10,914,646Net Assets 2022: $328,934,8822022Assets 2023: $254,515,626Liabilities 2023: $5,769,503Net Assets 2023: $248,746,1232023Assets 2024: $255,676,228Liabilities 2024: $4,209,438Net Assets 2024: $251,466,7902024

Highlighted filing

2024

Assets$255,676,228
Liabilities$4,209,438
Net Assets$251,466,790
Open 2024 Filing

Operations Trend

Revenue Growth97th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$150M$100M$50M$0-$50MExpenses 2010: $14,797,2272010Expenses 2011: $20,976,9032011Expenses 2012: $25,234,2852012Revenue 2013: $3,752,031Expenses 2013: $28,079,501Net Income 2013: -$24,327,4702013Revenue 2014: -$1,135,273Expenses 2014: $39,147,447Net Income 2014: -$40,282,7202014Revenue 2015: $5,969,421Expenses 2015: $33,501,972Net Income 2015: -$27,532,5512015Revenue 2016: $8,546,299Expenses 2016: $29,168,105Net Income 2016: -$20,621,8062016Revenue 2017: $12,627,265Expenses 2017: $22,477,824Net Income 2017: -$9,850,5592017Revenue 2018: $11,849,180Expenses 2018: $22,309,563Net Income 2018: -$10,460,3832018Revenue 2019: $18,161,323Expenses 2019: $21,246,592Net Income 2019: -$3,085,2692019Revenue 2020: $78,875,591Expenses 2020: $18,403,439Net Income 2020: $60,472,1522020Revenue 2021: $100,484,897Expenses 2021: $18,483,171Net Income 2021: $82,001,7262021Revenue 2022: $26,346,078Expenses 2022: $2,196,899Net Income 2022: $24,149,1792022Revenue 2023: $11,679,447Expenses 2023: $1,499,758Net Income 2023: $10,179,6892023Revenue 2024: $30,782,882Expenses 2024: $1,790,345Net Income 2024: $28,992,5372024

Highlighted filing

2024

Revenue$30,782,882
Expenses$1,790,345
Net Income$28,992,537
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$255,676,228
Liabilities
$4,209,438
Net assets
$251,466,790
Revenue
$30,782,882
Expenses
$1,790,345
Net income
$28,992,537
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$256$4.21$251$30.8$1.79$29.0
2023Detailed filing. Detailed filing data is available for this year.$255$5.77$249$11.7$1.50$10.2
2022Detailed filing. Detailed filing data is available for this year.$340$10.9$329$26.3$2.20$24.1
2021Detailed filing. Detailed filing data is available for this year.$480$73.7$406$100$18.5$82.0
2020Detailed filing. Detailed filing data is available for this year.$424$210$214$78.9$18.4$60.5
2019Detailed filing. Detailed filing data is available for this year.$343$267$76.5$18.2$21.2$3.09
2018Detailed filing. Detailed filing data is available for this year.$360$267$92.9$11.8$22.3$10.5
2017Detailed filing. Detailed filing data is available for this year.$356$283$73.4$12.6$22.5$9.85
2016Detailed filing. Detailed filing data is available for this year.$365$372$6.89$8.55$29.2$20.6
2015Summary only. Only limited summary data is available for this year.$353$350$2.79$5.97$33.5$27.5
2014Detailed filing. Detailed filing data is available for this year.$281$404$123$1.14$39.1$40.3
2013Summary only. Only limited summary data is available for this year.$263$361$97.2$3.75$28.1$24.3
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$264$336$71.3$25.2
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$182$246$64.1$21.0
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$160$204$43.9$14.8
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 17, 2025
Return Version
2024v5.2
Gross Receipts
$30,782,882
Mission and Program Overview

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$116,971,049$150,028,884▲ $33,057,835
Investments Program Related$137,544,577$105,647,344▼ $31,897,233
Cash and Non-Interest-Bearing Accounts$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$254,515,626$255,676,228▲ $1,160,602
Other Assets Total$0$0→ $0
Liabilities
Other Liabilities$5,717,960$4,152,761▼ $1,565,199
Accounts Payable and Accrued Expenses$51,543$56,677▲ $5,134
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$5,769,503$4,209,438▼ $1,560,065
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$248,746,123$251,466,790▲ $2,720,667
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$248,746,123$251,466,790▲ $2,720,667
Total Liabilities and Net Assets / Fund Balance$254,515,626$255,676,228▲ $1,160,602

Asset Categories

AssetBook ValueDepreciationBasis
Investment Program Related Org$78,761,760--
Compensation and Service Providers
Top Officer Pay5th percentile

Board Members and Trustees

NameTitle
Scott IdlePresident
Ann Storbergn/a
Brandon Wayn/a
Fredrick Molnarn/a
Tim Easterwoodn/a
Dawn BattsSecretary
Jeffrey RinveltTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$7,100,240
Other Revenue
$23,682,642
Change in Net Assets
$28,992,537

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,522,926
Revenue Not Reported on Financial Statements
$24,259,956
Revenue Not Reported on Form 990
$-3,701,401
Other Revenue Adjustments
$24,259,956
Total Revenue per Audited Statements
$2,821,525
Total Revenue per Form 990
$30,782,882
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,790,345
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$1,577,376--$1,577,376
Interest$112,111--$112,111
Fees for Services Legal-$75,107$0$75,107
Insurance-$25,751-$25,751
Total Functional Expenses$1,689,487$100,858$0$1,790,345

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$1,790,345
Expenses Not Reported on Financial Statements$1,689,487
Other Expense Adjustments$1,689,487
Expenses per Audited Statements$100,858
Total Expenses per Audited Statements$100,858
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Minority Interest$4,152,761
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 8B:

“The organization did not hold any meetings that would require a committee to act on behalf of the governing body.”

Form 990, Part VI, Section B, Line 11B:

“Form 990 review process: kpmg llp prepared form 990. It was then submitted to the organization's board members for review before the form was filed.”

Form 990, Part VI, Section C, Line 19:

“The organization's governing documents and financial statements are available to the public upon request only.”

Filing and Contact Details

Filer

Filer Name
Venture Michigan Fund
EIN
20-1443645
In Care Of
% TERESA YUE
Phone
6463623700
Address
767 Fifth Avenue 11th Floor, NEW YORK, NY 10153

Signing Officer

Name
Teresa Yue
Title
Authorized Signatory
Phone
6463623700
Signed
2025-11-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Teresa Yue
Formed
2004
Legal Domicile
Mi
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
7

Preparer

Firm
Kpmg Llp
Address
345 PARK AVENUE, NEW YORK, NY 10154-0102
Preparer
Crystal Wiley
Phone
2127859700
Supplemental Narrative

Additional Explanations

Form 990, Part I, Line 1, Description of organization 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.”

Form 990, Part III, Line 1, Description of organization mission:

“The fund was formed as a non-profit, non-stock corporation for the purpose of qualifying as a michigan early stage investment corporation within the meaning of act no. 296 of the michigan public acts of 2003. The fund was organized to raise capital and invest that capital in venture capital funds with the goal of generating a strong internal rate of return and to promote the economic health of the state michigan by assisting in the creation of jobs, new businesses, and new industries within the state through the investment in early and seed stage businesses.”

Financial Statement Notes

Part XI, Line 2D - Other Adjustments:

“Revenue from Limited Partnerships: $ 24,259,956”

Part XI, Line 4B - Other Adjustments:

“Expenses from Pass-throughs: $ 1,689,487”

Part XII, Line 4B - Other Adjustments:

“Amount is the revenue from investments in limited partnerships reported on k-1s received from limited partnerships.”

Schedule D Parts XI and XII

“Amount represents deductions from investments in limited partnerships reported on K-1s received from limited partnerships.”

Part XI, Line 2D:

“The Fund is a Michigan non-profit organization exempt from federal income taxes under Section 501(c)(3) of the Internal Revenue Code, except on net income derived from unrelated business activities ("UBTI"). Furthermore, the Fund is also exempt from taxation by the State of Michigan.”

Raw XML AppendixShowing 400 of 516 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXInd0X
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IRS990/InsuranceGrp/ManagementAndGeneralAmt025751
IRS990/InsuranceGrp/TotalAmt025751
IRS990/IntangibleAssetsGrp/BOYAmt00
IRS990/IntangibleAssetsGrp/EOYAmt00
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IRS990/InterestGrp/TotalAmt0112111
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IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt07099528
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IRS990/InvestmentIncomeGrp/UnrelatedBusinessRevenueAmt0712
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IRS990/InvestmentsProgramRelatedGrp/EOYAmt0105647344
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IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
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IRS990/LoansFromOfficersDirectorsGrp/EOYAmt00
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IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0false
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO 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.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
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IRS990/NetAssetsOrFundBalancesEOYAmt0251466790
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-26271870
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0248746123
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0251466790
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
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IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
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IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0PORTFOLIO DEDUCTIONS
IRS990/OtherExpensesGrp/ProgramServicesAmt01577376
IRS990/OtherExpensesGrp/TotalAmt01577376
IRS990/OtherLiabilitiesGrp/BOYAmt05717960
IRS990/OtherLiabilitiesGrp/EOYAmt04152761
IRS990/OtherRevenueMiscGrp/BusinessCd0525990
IRS990/OtherRevenueMiscGrp/BusinessCd1525990
IRS990/OtherRevenueMiscGrp/BusinessCd2525990
IRS990/OtherRevenueMiscGrp/Desc0ST CG FROM PASSTHROUGH
IRS990/OtherRevenueMiscGrp/Desc1LOSS FROM PASSTHROUGH
IRS990/OtherRevenueMiscGrp/Desc2LT CG FROM PASSTHROUGH
IRS990/OtherRevenueMiscGrp/ExclusionAmt0-36980
IRS990/OtherRevenueMiscGrp/ExclusionAmt1-35464
IRS990/OtherRevenueMiscGrp/ExclusionAmt223758868
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0-36980
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1-43076
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt223758868
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt0-7612
IRS990/OtherRevenueTotalAmt023678812
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
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IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt05280895
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt01499758
IRS990/PYOtherRevenueAmt06398552
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt010179689
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt01499758
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt011679447
IRS990/QuidProQuoContributionsInd0false
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IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
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IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt028992537
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0true
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0true
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/ExclusionAmt03830
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt03830
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0116971049
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0150028884
IRS990ScheduleA/GovernmentalUnitInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt01689487
IRS990ScheduleD/ExpensesSubtotalAmt0100858
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt026885584
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt178761760
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0INVESTMENT IN VMF I, LP
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1INVESTMENT IN VMF II, LP
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0F
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1F
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-3701401
IRS990ScheduleD/OtherExpensesNotIncludedAmt01689487
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt04152761
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MINORITY INTEREST
IRS990ScheduleD/OtherRevenuesNotIncludedAmt024259956
IRS990ScheduleD/RevenueNotReportedAmt0-3701401
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt024259956
IRS990ScheduleD/RevenueSubtotalAmt06522926
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Revenue from Limited Partnerships: $ 24,259,956
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Expenses from Pass-throughs: $ 1,689,487
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2Amount is the revenue from investments in limited partnerships reported on k-1s received from limited partnerships.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3Amount represents deductions from investments in limited partnerships reported on K-1s received from limited partnerships.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt4The Fund is a Michigan non-profit organization exempt from federal income taxes under Section 501(c)(3) of the Internal Revenue Code, except on net income derived from unrelated business activities ("UBTI"). Furthermore, the Fund is also exempt from taxation by the State of Michigan.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part XI, Line 2D - Other Adjustments:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XI, Line 4B - Other Adjustments:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Part XII, Line 4B - Other Adjustments:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3Schedule D Parts XI and XII
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc4Part XI, Line 2D:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc5Part XI, Line 4B:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc6Part XII, Line 4B:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc7Schedule D Parts X, Line 2
IRS990ScheduleD/TotalBookValueProgramRltdAmt0105647344
IRS990ScheduleD/TotalExpensesPerForm990Amt01790345
IRS990ScheduleD/TotalLiabilityAmt04152761
IRS990ScheduleD/TotalRevenuePerForm990Amt030782882
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02821525
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0100858
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FUND WAS FORMED AS A NON-PROFIT, NON-STOCK CORPORATION FOR THE PURPOSE OF QUALIFYING AS A MICHIGAN EARLY STAGE INVESTMENT CORPORATION WITHIN THE MEANING OF ACT NO. 296 OF THE MICHIGAN PUBLIC ACTS OF 2003. THE FUND WAS ORGANIZED TO RAISE CAPITAL AND INVEST THAT CAPITAL IN VENTURE CAPITAL FUNDS WITH THE GOAL OF GENERATING A STRONG INTERNAL RATE OF RETURN AND TO PROMOTE THE ECONOMIC HEALTH OF THE STATE MICHIGAN BY ASSISTING IN THE CREATION OF JOBS, NEW BUSINESSES, AND NEW INDUSTRIES WITHIN THE STATE THROUGH THE INVESTMENT IN EARLY AND SEED STAGE BUSINESSES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION DID NOT HOLD ANY MEETINGS THAT WOULD REQUIRE A COMMITTEE TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FORM 990 REVIEW PROCESS: KPMG LLP PREPARED FORM 990. IT WAS THEN SUBMITTED TO THE ORGANIZATION'S BOARD MEMBERS FOR REVIEW BEFORE THE FORM WAS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST ONLY.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part I, Line 1, Description of organization mission:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part III, Line 1, Description of organization mission:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section A, Line 8B:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 11B:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, Line 19:
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0true
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingEntityName/BusinessNameLine1Txt0NA
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingEntityName/BusinessNameLine1Txt1NA
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd0false
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd1false
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN0205038329
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN1274498166
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/LegalDomicileStateCd0MI
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/LegalDomicileStateCd1MI
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/OwnershipPct00.99800
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/OwnershipPct10.99800
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PredominantIncomeTypeTxt0EXCLUDED
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PredominantIncomeTypeTxt1EXCLUDED
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PrimaryActivitiesTxt0INVESTMENT
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PrimaryActivitiesTxt1INVESTMENT
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/RelatedOrganizationName/BusinessNameLine1Txt0VENTURE MICHIGAN FUND I LP
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/RelatedOrganizationName/BusinessNameLine1Txt1VENTURE MICHIGAN FUND II LP
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/ShareOfEOYAssetsAmt026413048
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/ShareOfEOYAssetsAmt139482396
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/ShareOfTotalIncomeAmt0-2271832
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/ShareOfTotalIncomeAmt124842301
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/UBICodeVAmt0-3454
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/UBICodeVAmt1-3721
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/AddressLine1Txt0767 Fifth Avenue 14th Floor
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/AddressLine1Txt1767 Fifth Avenue 14th Floor
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/CityNm0NEW YORK
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/CityNm1NEW YORK
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/StateAbbreviationCd0NY
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/StateAbbreviationCd1NY
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/ZIPCd010153
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IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
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IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0true
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false

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