Venture Michigan Fund
Venture Michigan Fund shows fluctuating revenues and consistent zero officer compensation over a decade.
EIN: 201443645 · New York, NY · NTEE: S123 · Updated: 2026-03-28
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 →
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.
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.
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
Is Venture Michigan Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Venture Michigan Fund (EIN: 201443645) some concerns. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
How does Venture Michigan Fund spend its money?
Venture Michigan Fund directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Venture Michigan Fund tax-deductible?
Venture Michigan Fund is registered as a tax-exempt nonprofit (EIN: 201443645). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Venture Michigan Fund define its 'program' activities given its fund structure?
As an investment fund, its 'program' likely involves managing its portfolio to generate returns and potentially make distributions or investments aligned with its mission, rather than direct service delivery. Further detail on its investment strategy and beneficiaries would clarify this.
Who are the beneficiaries of Venture Michigan Fund's activities?
Without specific program details, it's unclear if the beneficiaries are specific startups, economic development initiatives in Michigan, or other entities. The name suggests a focus on Michigan-based ventures.
What accounts for the significant year-over-year fluctuations in revenue and expenses?
These fluctuations are typical for investment funds, driven by market performance, realized gains/losses on investments, and the timing of distributions or capital calls. For example, revenue dropped from $100M in 2021 to $11M in 2023.
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 | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $11.7M | $1.5M | $254.5M | $5.8M | — | — |
| 2022 | $26.3M | $2.2M | $339.8M | $10.9M | — | View 990 |
| 2021 | $100.5M | $18.5M | $479.8M | $73.7M | — | View 990 |
| 2020 | $78.9M | $18.4M | $423.9M | $210.2M | — | View 990 |
| 2019 | $18.2M | $21.2M | $343.1M | $266.6M | — | View 990 |
| 2018 | $11.8M | $22.3M | $359.7M | $266.8M | — | View 990 |
| 2017 | $12.6M | $22.5M | $356.2M | $282.8M | — | — |
| 2016 | $8.5M | $29.2M | $364.7M | $371.6M | — | View 990 |
| 2015 | $6.0M | $33.5M | $352.6M | $349.8M | — | View 990 |
| 2014 | $5.8M | $12.6M | $318.7M | $409.4M | — | View 990 |
| 2014 | $-1,135,273 | $39.1M | $281.0M | $403.6M | — | View 990 |
| 2013 | $3.8M | $28.1M | $263.4M | $360.6M | — | View 990 |
| 2012 | $5.0M | $25.2M | $264.2M | $335.6M | — | View 990 |
| 2011 | $3.6M | $21.0M | $182.4M | $246.5M | — | View 990 |
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.
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.