Civic Intelligence

Michigan Founders Fund

EIN 86-3992946 • 501(c)3 • Ann Arbor, MI

Profile

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.

206 E Huron Street 305Ann Arbor, MI 48104

michiganfoundersfund.org

Siviq Scores

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

Liabilities / Assets

85th percentile

0.56x

Higher debt load relative to assets than 85% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

79th percentile

0.42x

Higher debt load relative to revenue than 79% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

62nd percentile

11%

Higher net margin than 62% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

83rd percentile

$152,293

Higher top officer pay than 83% of similar nonprofits.

Top officer pay equals 8.1% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

98th percentile

232%

Faster asset growth than 98% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

86th percentile

61%

Faster revenue growth than 86% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$1,396,799

Up $975,827 (+232%) from 2023

Liabilities

Up

$786,119

Up $769,325 (+4581%) from 2023

Net Assets

Up

$610,680

Up $206,502 (+51%) from 2023

Revenue

Up

$1,887,693

Up $716,192 (+61%) from 2023

Expenses

Up

$1,681,191

Up $532,602 (+46%) from 2023

Net Income

Up

$206,502

Up $183,590 (+801%) from 2023

Trend Graphs

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2022: $387,553Liabilities 2022: $6,287Net Assets 2022: $381,2662022Assets 2023: $420,972Liabilities 2023: $16,794Net Assets 2023: $404,1782023Assets 2024: $1,396,799Liabilities 2024: $786,119Net Assets 2024: $610,6802024

Highlighted filing

2024

Assets$1,396,799
Liabilities$786,119
Net Assets$610,680

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0Revenue 2022: $936,800Expenses 2022: $583,538Net Income 2022: $353,2622022Revenue 2023: $1,171,501Expenses 2023: $1,148,589Net Income 2023: $22,9122023Revenue 2024: $1,887,693Expenses 2024: $1,681,191Net Income 2024: $206,5022024

Highlighted filing

2024

Revenue$1,887,693
Expenses$1,681,191
Net Income$206,502

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 14, 2025
Return Version
2024v5.2
Gross Receipts
$1,887,693
Mission and Program Overview

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$408,456$1,369,299▲ $960,843
Accounts Receivable$12,516$27,500▲ $14,984
Total Assets$420,972$1,396,799▲ $975,827
Liabilities
Deferred Revenue$0$748,328▲ $748,328
Accounts Payable and Accrued Expenses$10,271$37,791▲ $27,520
Unsecured Notes Loans Payable$6,523$0▼ $6,523
Total Liabilities$16,794$786,119▲ $769,325
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$404,178$610,680▲ $206,502
Total Net Assets Fund Balance$404,178$610,680▲ $206,502
Total Liabilities and Net Assets / Fund Balance$420,972$1,396,799▲ $975,827
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Rishi MoudgilExecutive DirectorFT$152,293$152,293

Board Members and Trustees

NameTitle
Bhushan KulkarniCo-chair
Dug SongCo-chair
Katy LockerBoard Member At-large
Adrian FortinoTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,867,737
Program Service Revenue
$0
Investment Income
$19,956
Other Revenue
$0
All Other Contributions
$914,769
Change in Net Assets
$206,502

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,887,693
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,887,693
Total Revenue per Form 990
$1,887,693
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,108,966
Salaries, Compensation, and Employee Benefits$395,325
Grants and Similar Amounts Paid$176,900
Total Fundraising Expense$56,674
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings$651,432--$651,432
Other Salaries and Wages$216,842$67,050$51,362$335,254
Fees for Services Other$109,693$167,111-$276,804
Grants to Domestic Orgs$176,900--$176,900
Advertising$47,305--$47,305
Occupancy$36,651$2,268-$38,919
Other Employee Benefits$21,635$6,736$5,312$33,683
Payroll Taxes-$26,388-$26,388
Office Expenses$13,840$9,904-$23,744
Other Expenses$10,285$3,988-$3,988
Insurance$3,773--$3,773
Total Functional Expenses$1,341,072$283,445$56,674$1,681,191

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,681,191
Total Expenses per Audited Statements$1,681,191
Total Expenses per Form 990$1,681,191
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Farmish IncGrand Rapids, MI-Venture Together Competition Winner$30,000
Reciprocity LLCPontiac, MI-Venture Together Competition Winner$30,000
Strut Motors IncDetroit, MI-Venture Together Competition Winner$30,000
Whatseatlike IncDetroit, MI-Venture Together Competition Winner$30,000
Kimmie G LLCAnn Arbor, MI-Sports/tech Venture Pitch Winner$10,000
Alivio Medical LLCAnn Arbor, MI-Sports/tech Venture Pitch Winner$7,500
Athlytic LLCDetroit, MI-Sports/tech Venture Pitch Winner$7,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

The board reviews the form 990 prior to filing.

Form 990, Part VI, Section B, Line 12C

The organization directly shared and requested review of the conflict of interest policy to the mff board and advisory council at the beginning of the year. The organization engaged in reminders and the executive director conducted review for any potential conflicts of interest during two of the quarterly board meetings later in the year.

Form 990, Part VI, Section B, Line 15

The board sets the executive director salary based on comparability data and adjusts as they see fit. Comparability data is used when determining compensation of key employees.

Form 990, Part VI, Section C, Line 18

The organization makes these documents available upon request.

Form 990, Part VI, Section C, Line 19

The organization makes these documents available upon request.

Filing and Contact Details

Filer

Filer Name
Michigan Founders Fund
EIN
86-3992946
Phone
7342498898
Address
206 E HURON STREET 305, ANN ARBOR, MI 48104

Signing Officer

Name
Rishi Moudgil
Title
Executive Director
Phone
7342498898
Signed
2025-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Adrian Fortino
Formed
2021
Legal Domicile
Mi
Voting Board Members
5
Independent Board Members
4
Employees
6
Volunteers
50

Preparer

Firm
Cbiz Advisors LLC
Address
345 DIVERSION STREET SUITE 400, ROCHESTER, MI 48307
Preparer
Patrick M Sweeney CPA
Phone
2486595300
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Payroll expenses: program service expenses 0. Management and general expenses 2,542. Fundraising expenses 0. Total expenses 2,542. Professional fees: program service expenses 109,693. Management and general expenses 164,569. Fundraising expenses 0. Total expenses 274,262.

FORM 990, PART XII, LINE 2C:

This process has not changed this year.

Raw XML AppendixShowing 400 of 452 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt010271
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt037791
IRS990/AccountsReceivableGrp/BOYAmt012516
IRS990/AccountsReceivableGrp/EOYAmt027500
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0MICHIGAN 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.
IRS990/AdvertisingGrp/ProgramServicesAmt047305
IRS990/AdvertisingGrp/TotalAmt047305
IRS990/AllOtherContributionsAmt0914769
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0RISHI MOUDGIL
IRS990/BooksInCareOfDetail/PhoneNum07349267020
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0206 E HURON STREET SUITE 305
IRS990/BooksInCareOfDetail/USAddress/CityNm0ANN ARBOR
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MI
IRS990/BooksInCareOfDetail/USAddress/ZIPCd048104
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt0408456
IRS990/CashNonInterestBearingGrp/EOYAmt01369299
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt0651432
IRS990/ConferencesMeetingsGrp/TotalAmt0651432
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt01867737
IRS990/CYGrantsAndSimilarPaidAmt0176900
IRS990/CYInvestmentIncomeAmt019956
IRS990/CYOtherExpensesAmt01108966
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0206502
IRS990/CYSalariesCompEmpBnftPaidAmt0395325
IRS990/CYTotalExpensesAmt01681191
IRS990/CYTotalFundraisingExpenseAmt056674
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01887693
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt00
IRS990/DeferredRevenueGrp/EOYAmt0748328
IRS990/DelegationOfMgmtDutiesInd00
IRS990/Desc0MICHIGAN 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.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt06
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt01341072
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt0167111
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt0109693
IRS990/FeesForServicesOtherGrp/TotalAmt0276804
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt02.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt12.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt22.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt340.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt42.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/PersonNm0DUG SONG
IRS990/Form990PartVIISectionAGrp/PersonNm1BHUSHAN KULKARNI
IRS990/Form990PartVIISectionAGrp/PersonNm2ADRIAN FORTINO
IRS990/Form990PartVIISectionAGrp/PersonNm3RISHI MOUDGIL
IRS990/Form990PartVIISectionAGrp/PersonNm4KATY LOCKER
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt3152293
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/TitleTxt0CO-CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1CO-CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER AT-LARGE
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02021
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GovernmentGrantsAmt0952968
IRS990/GrantAmt0176900
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0176900
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0176900
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt01887693
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt04
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt03773
IRS990/InsuranceGrp/TotalAmt03773
IRS990/InvestmentIncomeGrp/ExclusionAmt019956
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt019956
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0MI
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0MICHIGAN 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.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0404178
IRS990/NetAssetsOrFundBalancesEOYAmt0610680
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0404178
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0610680
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt02268
IRS990/OccupancyGrp/ProgramServicesAmt036651
IRS990/OccupancyGrp/TotalAmt038919
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt09904
IRS990/OfficeExpensesGrp/ProgramServicesAmt013840
IRS990/OfficeExpensesGrp/TotalAmt023744
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt05312
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt06736
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt021635
IRS990/OtherEmployeeBenefitsGrp/TotalAmt033683
IRS990/OtherExpensesGrp/Desc0SUPPLIES AND MATERIALS
IRS990/OtherExpensesGrp/Desc1OTHER EXPENSE
IRS990/OtherExpensesGrp/Desc2GUEST SPEAKERS
IRS990/OtherExpensesGrp/Desc3MISCELLANEOUS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt03988
IRS990/OtherExpensesGrp/ProgramServicesAmt032744
IRS990/OtherExpensesGrp/ProgramServicesAmt119972
IRS990/OtherExpensesGrp/ProgramServicesAmt210285
IRS990/OtherExpensesGrp/TotalAmt032744
IRS990/OtherExpensesGrp/TotalAmt119972
IRS990/OtherExpensesGrp/TotalAmt210285
IRS990/OtherExpensesGrp/TotalAmt33988
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt051362
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt067050
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0216842
IRS990/OtherSalariesAndWagesGrp/TotalAmt0335254
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt026388
IRS990/PayrollTaxesGrp/TotalAmt026388
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0ADRIAN FORTINO
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01168392
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0200000
IRS990/PYInvestmentIncomeAmt03109
IRS990/PYOtherExpensesAmt0582988
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt022912
IRS990/PYSalariesCompEmpBnftPaidAmt0365601
IRS990/PYTotalExpensesAmt01148589
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01171501
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0206502
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01867737
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01168392
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0936115
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt03972244
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt019956
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt03109
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0685
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt023750
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt02570823
IRS990ScheduleA/SubstantialContributorsTotAmt01401421
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01867737
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01168392
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0936115
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03972244
IRS990ScheduleA/TotalSupportAmt03995994
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01681191
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01887693
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt01681191
IRS990ScheduleD/TotalRevenuePerForm990Amt01887693
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01887693
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01681191
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt07000
IRS990ScheduleI/RecipientTable/CashGrantAmt17500
IRS990ScheduleI/RecipientTable/CashGrantAmt210000
IRS990ScheduleI/RecipientTable/CashGrantAmt330000
IRS990ScheduleI/RecipientTable/CashGrantAmt430000
IRS990ScheduleI/RecipientTable/CashGrantAmt530000
IRS990ScheduleI/RecipientTable/CashGrantAmt630000
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt10
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt20
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt30
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt40
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt50
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt60
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0SPORTS/TECH VENTURE PITCH WINNER
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1SPORTS/TECH VENTURE PITCH WINNER
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2SPORTS/TECH VENTURE PITCH WINNER
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3VENTURE TOGETHER COMPETITION WINNER
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt4VENTURE TOGETHER COMPETITION WINNER
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt5VENTURE TOGETHER COMPETITION WINNER
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt6VENTURE TOGETHER COMPETITION WINNER
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0ATHLYTIC LLC
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1ALIVIO MEDICAL LLC
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2KIMMIE G LLC
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3RECIPROCITY LLC
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt4FARMISH INC
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt5STRUT MOTORS INC
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt6WHATSEATLIKE INC
IRS990ScheduleI/RecipientTable/RecipientEIN0861829079
IRS990ScheduleI/RecipientTable/RecipientEIN1331430940
IRS990ScheduleI/RecipientTable/RecipientEIN2933505411
IRS990ScheduleI/RecipientTable/RecipientEIN3881421166
IRS990ScheduleI/RecipientTable/RecipientEIN4932751129
IRS990ScheduleI/RecipientTable/RecipientEIN5850510512
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0269 WALKER ST 629
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt11404 CAMBRIDGE RD
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt2330 E LIBERT ST
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt31600 PEBBLE BEACH DR
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt440 PEARL NW SUITE 200
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt5250 15TH ST
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt67630 KIPLING AVENUE
IRS990ScheduleI/RecipientTable/USAddress/CityNm0DETROIT
IRS990ScheduleI/RecipientTable/USAddress/CityNm1ANN ARBOR
IRS990ScheduleI/RecipientTable/USAddress/CityNm2ANN ARBOR
IRS990ScheduleI/RecipientTable/USAddress/CityNm3PONTIAC
IRS990ScheduleI/RecipientTable/USAddress/CityNm4GRAND RAPIDS
IRS990ScheduleI/RecipientTable/USAddress/CityNm5DETROIT
IRS990ScheduleI/RecipientTable/USAddress/CityNm6DETROIT
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0MI
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1MI
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd2MI
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd3MI
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd4MI
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd5MI
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd6MI
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd048207
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd148104
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd248104
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd348340
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd449503
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd548216
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd648206
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0FOR ALL GRANT DISTRIBUTIONS, THERE WAS AN APPLICATION PROCESS PUBLISHED ONLINE WITH A LIST OF SPECIFIC ELIGIBILITY REQUIREMENTS TO BE SATISFIED FOR CONSIDERATION. A COMBINED STAFF AND INDEPENDENT REVIEW COMMITTEE DETERMINED THE GRANT AWARDS TO THE SELECTED RECIPIENTS. THE ORGANIZATION PERIODICALLY HELD CALLS AND REQUESTED UPDATES FROM THE GRANTEES IN THE FORM OF EMAILS AND WRITTEN BLOG POSTS IN THE MONTHS UP TO A YEAR FOLLOWING THEIR AWARDS.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/Total501c3OrgCnt00
IRS990ScheduleI/TotalOtherOrgCnt07
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0152293
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0RISHI MOUDGIL
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0EXECUTIVE DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0152293
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD REVIEWS THE FORM 990 PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION DIRECTLY SHARED AND REQUESTED REVIEW OF THE CONFLICT OF INTEREST POLICY TO THE MFF BOARD AND ADVISORY COUNCIL AT THE BEGINNING OF THE YEAR. THE ORGANIZATION ENGAGED IN REMINDERS AND THE EXECUTIVE DIRECTOR CONDUCTED REVIEW FOR ANY POTENTIAL CONFLICTS OF INTEREST DURING TWO OF THE QUARTERLY BOARD MEETINGS LATER IN THE YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD SETS THE EXECUTIVE DIRECTOR SALARY BASED ON COMPARABILITY DATA AND ADJUSTS AS THEY SEE FIT. COMPARABILITY DATA IS USED WHEN DETERMINING COMPENSATION OF KEY EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES THESE DOCUMENTS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION MAKES THESE DOCUMENTS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5PAYROLL EXPENSES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 2,542. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,542. PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 109,693. MANAGEMENT AND GENERAL EXPENSES 164,569. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 274,262.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THIS PROCESS HAS NOT CHANGED THIS YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MI
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0420972
IRS990/TotalAssetsEOYAmt01396799
IRS990/TotalAssetsGrp/BOYAmt0420972
IRS990/TotalAssetsGrp/EOYAmt01396799
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalContributionsAmt01867737
IRS990/TotalEmployeeCnt06
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt056674
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0283445
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01341072
IRS990/TotalFunctionalExpensesGrp/TotalAmt01681191
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt016794
IRS990/TotalLiabilitiesEOYAmt0786119
IRS990/TotalLiabilitiesGrp/BOYAmt016794
IRS990/TotalLiabilitiesGrp/EOYAmt0786119
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0404178
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0610680
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01341072

Document Assets

No mirrored PDF or thumbnail assets are attached yet.