Venture Michigan Fund

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Venture Michigan Fund Form 990, Revenue, CEO Pay, and IRS Filing Signals

Venture Michigan Fund is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Venture Michigan Fund in one place.

Is Venture Michigan Fund Legit?

Some Concerns

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

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Request a concise report for Venture Michigan Fund with revenue, expenses, executive compensation, red flags, peer context, and IRS source links. You can also request CSV exports or watchlist updates for future filings.

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Venture Michigan Fund directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Venture Michigan Fund

Venture Michigan Fund (EIN: 201443645) is a nonprofit organization based in New York, NY, classified under NTEE code S123. The organization reported total revenue of $30.8M and total assets of $255.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Venture Michigan Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

Venture Michigan Fund is a large nonprofit that has been operating for 21 years, with 14 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 10.3%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: A

In 2023, Venture Michigan Fund reported a surplus of $10.2M with revenue exceeding expenses, holds 2036.5 months of operating reserves (strong position), has a debt-to-asset ratio of 2.3% (very low leverage).

Financial Trends

Over 14 years of filings (2011–2023), Venture Michigan Fund's revenue has grown at a compound annual growth rate (CAGR) of 10.3%.

IRS Tax-Exempt Classification

Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.

AI Transparency Report

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Venture Michigan Fund with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

• admin: 10%
• programs: 90%
• fundraising: 0%

According to IRS 990 filings, Venture Michigan Fund allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

• The organization reported a surplus of $10.2M, with revenue exceeding expenses.
• Debt-to-asset ratio: 2.3%.

Executive Compensation Analysis

Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive compensation directly from the organization, which is highly unusual for an entity managing over $250 million in assets.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Red Flags

The following concerns were identified during AI analysis of Venture Michigan Fund's IRS 990 filings:

• Significant fluctuations in revenue and expenses make financial performance unpredictable.
• Lack of detailed program spending breakdown in typical nonprofit terms makes efficiency assessment challenging.

Strengths

The following positive indicators were identified for Venture Michigan Fund:

• Consistent reporting of 0% officer compensation, indicating strong financial stewardship regarding executive pay.
• Robust asset base, with assets consistently over $250 million.
• Low expense ratios relative to assets in recent years (e.g., 2023 expenses were less than 1% of assets).

Frequently Asked Questions about Venture Michigan Fund

Filing History

IRS 990 filing history for Venture Michigan Fund showing financial trends over 14 years of public records:

Over 14 years of IRS 990 filings (2011–2023), Venture Michigan Fund's revenue has grown by 222.6%, moving from $3.6M to $11.7M. Total assets increased by 39.5% over the same period, from $182.4M to $254.5M. Total functional expenses fell by 92.9%, from $21.0M to $1.5M. In its most recent filing year (2023), Venture Michigan Fund reported a surplus of $10.2M, with revenue exceeding expenses. The organization holds $5.8M in liabilities against $254.5M in assets (debt-to-asset ratio: 2.3%), resulting in net assets of $248.7M.

Year-by-Year Financial Summary

• 2023: Revenue of $11.7M, expenses of $1.5M, and assets of $254.5M (revenue -55.7% year-over-year).
• 2022: Revenue of $26.3M, expenses of $2.2M, and assets of $339.8M (revenue -73.8% year-over-year).
• 2021: Revenue of $100.5M, expenses of $18.5M, and assets of $479.8M (revenue +27.4% year-over-year).
• 2020: Revenue of $78.9M, expenses of $18.4M, and assets of $423.9M (revenue +334.3% year-over-year).
• 2019: Revenue of $18.2M, expenses of $21.2M, and assets of $343.1M (revenue +53.3% year-over-year).
• 2018: Revenue of $11.8M, expenses of $22.3M, and assets of $359.7M (revenue -6.2% year-over-year).
• 2017: Revenue of $12.6M, expenses of $22.5M, and assets of $356.2M (revenue +47.8% year-over-year).
• 2016: Revenue of $8.5M, expenses of $29.2M, and assets of $364.7M (revenue +43.2% year-over-year).
• 2015: Revenue of $6.0M, expenses of $33.5M, and assets of $352.6M (revenue +3.1% year-over-year).
• 2014: Revenue of $5.8M, expenses of $12.6M, and assets of $318.7M.
• 2014: Revenue of $-1,135,273, expenses of $39.1M, and assets of $281.0M (revenue -130.3% year-over-year).
• 2013: Revenue of $3.8M, expenses of $28.1M, and assets of $263.4M (revenue -25.1% year-over-year).
• 2012: Revenue of $5.0M, expenses of $25.2M, and assets of $264.2M (revenue +38.3% year-over-year).
• 2011: Revenue of $3.6M, expenses of $21.0M, and assets of $182.4M.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Venture Michigan Fund:

Data Sources and Methodology

This transparency report for Venture Michigan Fund is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.