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Michigan Venture Capital Association

Organization summary

Organization summary might be incomplete or out of date

This organization is not listed in the IRS's most recent list of tax exempt organizations, but we have data associated with this Employer Identification Number.

Type of Nonprofit

Designated as a Business leagues, chambers of commerce, real estate boards, etc, created for the improvement of business conditions.

Summary charts: organization finances over time

Revenue
$508k (2024)

Expenses
$458k (2024)

Total Assets
$1.23M (2024)

Total Liabilities
$223k (2024)

Years with missing data
Source: Form 990 tax filings from 2013 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2024

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$507,611
Expenses
$458,359
Net Income
$49,252
Net Assets
$1,008,340
Notable Sources of Revenue Percent of Total Revenue
Contributions $292,345
57.6%
Program Services $166,585
32.8%
Investment Income $48,681
9.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $194,820
42.5%
Professional Fundraising Fees $0
Other Salaries and Wages $66,215
14.4%
Assets/Debt
Total Assets $1,231,283
Total Liabilities $222,943
Net Assets $1,008,340
Compensation
Key Employees and Officers Compensation Related Other
Ara Topouzian (Executive Director) $194,820 $0 $0
Patti Glaza (Immediate Past Chair) $0 $0 $0
Kim Pasquino (Chairperson) $0 $0 $0
Paul Mccreadie (Treasurer) $0 $0 $0
Jeff Rinvelt (Director) $0 $0 $0
Adrian Fortino (Director) $0 $0 $0
Kurt Baumgarten (Director) $0 $0 $0
Ben Bernstein (Vice Chairperson) $0 $0 $0
Megan Malm (Director) $0 $0 $0
Doug Neal (Director) $0 $0 $0
Camila Noordeloos (Director) $0 $0 $0
Kelly Sexton Phd (Director) $0 $0 $0
Alison Todak (Director) $0 $0 $0
Jeff Wesley (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$476,104
Expenses
$575,723
Net Income
-$99,619
Net Assets
$957,513
Notable Sources of Revenue Percent of Total Revenue
Contributions $217,226
45.6%
Program Services $229,774
48.3%
Investment Income $29,104
6.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $180,560
31.4%
Professional Fundraising Fees $0
Other Salaries and Wages $129,520
22.5%
Assets/Debt
Total Assets $1,149,463
Total Liabilities $191,950
Net Assets $957,513
Compensation
Key Employees and Officers Compensation Related Other
Ara Topouzian (Executive Director) $180,560 $0 $0
Patti Glaza (Chairman) $0 $0 $0
Kim Pasquino (Vice Chairperson) $0 $0 $0
Paul Mccreadie (Treasurer) $0 $0 $0
Jeff Rinvelt (Immediate Past Chair) $0 $0 $0
Adrian Fortino (Director) $0 $0 $0
Kurt Baumgarten (Director) $0 $0 $0
Ben Bernstein (Director) $0 $0 $0
Megan Malm (Director) $0 $0 $0
Doug Neal (Director) $0 $0 $0
Camila Noordeloos (Director) $0 $0 $0
Kelly Sexton Phd (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$481,551
Expenses
$646,768
Net Income
-$165,217
Net Assets
$1,115,753
Notable Sources of Revenue Percent of Total Revenue
Contributions $160,425
33.3%
Program Services $302,645
62.8%
Investment Income $16,730
3.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,751
0.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $181,262
28.0%
Professional Fundraising Fees $0
Other Salaries and Wages $97,857
15.1%
Assets/Debt
Total Assets $1,357,564
Total Liabilities $241,811
Net Assets $1,115,753
Compensation
Key Employees and Officers Compensation Related Other
Ara Topouzian (Executive Director) $181,262 $0 $0
Jeff Rinvelt (Chairman) $0 $0 $0
Patti Glaza (Vice Chairperson) $0 $0 $0
Doug Neil (Treasurer) $0 $0 $0
Michael Gross (Immediate Past Chair) $0 $0 $0
Adrian Fortino (Director) $0 $0 $0
Fredrick Molnar (Director) $0 $0 $0
Kim Pasquino (Director) $0 $0 $0
Evan Ufer (Director) $0 $0 $0
Kent Helfrich (Director) $0 $0 $0
Paul Mccreadie (Director) $0 $0 $0
Kelly Sexton Phd (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$446,166
Expenses
$564,062
Net Income
-$117,896
Net Assets
$1,426,000
Notable Sources of Revenue Percent of Total Revenue
Contributions $188,808
42.3%
Program Services $257,066
57.6%
Investment Income $292
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $176,187
31.2%
Professional Fundraising Fees $0
Other Salaries and Wages $78,711
14.0%
Assets/Debt
Total Assets $1,604,069
Total Liabilities $178,069
Net Assets $1,426,000
Compensation
Key Employees and Officers Compensation Related Other
Ara Topouzian (Executive Director) $176,187 $0 $0
Jeff Rinvelt (Chairman) $0 $0 $0
Patti Glaza (Vice Chairperson) $0 $0 $0
Doug Neil (Treasurer) $0 $0 $0
Michael Gross (Immediate Past Chair) $0 $0 $0
Adrian Fortino (Director) $0 $0 $0
Fredrick Molnar (Director) $0 $0 $0
Kim Pasquino (Director) $0 $0 $0
Evan Ufer (Director) $0 $0 $0
Kent Helfrich (Director) $0 $0 $0
Paul Mccreadie (Director) $0 $0 $0
Kelly Sexton Phd (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$339,276
Expenses
$430,042
Net Income
-$90,766
Net Assets
$1,444,173
Notable Sources of Revenue Percent of Total Revenue
Contributions $137,813
40.6%
Program Services $201,145
59.3%
Investment Income $318
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $255,387
59.4%
Assets/Debt
Total Assets $1,748,238
Total Liabilities $304,065
Net Assets $1,444,173
Compensation
Key Employees and Officers Compensation Related Other
Ara Topouzian (Executive Director) $170,520 $0 $0
Michael Gross (Chairman) $0 $0 $0
Jeff Rinvelt (Vice Chairman) $0 $0 $0
Doug Neal (Treasurer) $0 $0 $0
Tom Shehab (Immediate Past Chair) $0 $0 $0
Jim Adox (Director) $0 $0 $0
Adrian Fortino (Director) $0 $0 $0
Patti Glaza (Director) $0 $0 $0
Matt Tsien (Director) $0 $0 $0
Fredrick Molnar (Director) $0 $0 $0
Kim Pasquino (Director) $0 $0 $0
Evan Ufer (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$488,446
Expenses
$661,729
Net Income
-$173,283
Net Assets
$1,534,939
Notable Sources of Revenue Percent of Total Revenue
Contributions $190,886
39.1%
Program Services $294,575
60.3%
Investment Income $2,985
0.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $129,185
19.5%
Professional Fundraising Fees $0
Other Salaries and Wages $57,486
8.7%
Assets/Debt
Total Assets $1,534,939
Total Liabilities $0
Net Assets $1,534,939
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Ara Topouzian (Executive Di) $129,185 $0 $0
Jim Adox (Director) $0 $0 $0
Adrian Fortino (Director) $0 $0 $0
Patti Glaza (Director) $0 $0 $0
Michael Gross (Chairman) $0 $0 $0
Fredrick Molnar (Director) $0 $0 $0
Doug Neal (Treasurer) $0 $0 $0
Kim Pasquino (Director) $0 $0 $0
Jeff Rinvelt (Vice Chairma) $0 $0 $0
Tom Shehab (Immediate Pa) $0 $0 $0
Matt Tsien (Director) $0 $0 $0
Evan Ufer (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$937,732
Expenses
$686,845
Net Income
$250,887
Net Assets
$1,708,212
Notable Sources of Revenue Percent of Total Revenue
Contributions $136,447
14.6%
Program Services $797,210
85.0%
Investment Income $3,997
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $78
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $129,360
18.8%
Professional Fundraising Fees $0
Other Salaries and Wages $147,900
21.5%
Assets/Debt
Total Assets $1,711,828
Total Liabilities $3,616
Net Assets $1,708,212
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Maureen Brosnan (Executive Di) $129,360 $0 $0
Tom Shehab (Chairman) $0 $0 $0
Mark Olesnavage (Treasurer &) $0 $0 $0
Tony Grover (Immediate Pa) $0 $0 $0
Jim Adox (Director) $0 $0 $0
Josh Beebe (Director) $0 $0 $0
Hugo Braun (Director) $0 $0 $0
Patti Glaza (Director) $0 $0 $0
Michael Gross (Director) $0 $0 $0
Jon Launckner (Director) $0 $0 $0
Doug Neal (Director) $0 $0 $0
Jeff Rinvelt (Director) $0 $0 $0
Jody Vanderwel (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$867,857
Expenses
$859,906
Net Income
$7,951
Net Assets
$1,742,674
Notable Sources of Revenue Percent of Total Revenue
Contributions $316,409
36.5%
Program Services $535,097
61.7%
Investment Income $1,316
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $15,035
1.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $121,000
14.1%
Professional Fundraising Fees $0
Other Salaries and Wages $151,301
17.6%
Assets/Debt
Total Assets $1,745,754
Total Liabilities $3,080
Net Assets $1,742,674
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Maureen Brosnan (Executive Di) $121,000 $0 $0
Tony Grover (Chairman) $0 $0 $0
Mark Olesnavage (Treasurer &) $0 $0 $0
Jim Adox (Immediate Pa) $0 $0 $0
Josh Beebe (Director) $0 $0 $0
Hugo Braun (Director) $0 $0 $0
Patti Glaza (Director) $0 $0 $0
Mark Horne (Director) $0 $0 $0
Sara Kruse (Director) $0 $0 $0
Tim Peterson (Director) $0 $0 $0
Jon Launckner (Director) $0 $0 $0
Jeff Rinvelt (Director) $0 $0 $0
Skip Simms (Director) $0 $0 $0
Ted Serbinski (Director) $0 $0 $0
Jody Vanderwel (Director) $0 $0 $0
Ryan Waddington (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$628,723
Expenses
$921,045
Net Income
-$292,322
Net Assets
$1,698,890
Notable Sources of Revenue Percent of Total Revenue
Contributions $269,759
42.9%
Program Services $359,195
57.1%
Investment Income $2,099
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$2,330
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $120,230
13.1%
Professional Fundraising Fees $0
Other Salaries and Wages $132,814
14.4%
Assets/Debt
Total Assets $1,705,759
Total Liabilities $6,869
Net Assets $1,698,890
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Maureen Brosnan (Executive Di) $120,230 $0 $0
Tony Grover (Chairman) $0 $0 $0
Mark Olesnavage (Treasurer &) $0 $0 $0
Jim Adox (Immediate Pa) $0 $0 $0
Josh Beebe (Director) $0 $0 $0
Hugo Braun (Director) $0 $0 $0
Patti Glaza (Director) $0 $0 $0
Mark Horne (Director) $0 $0 $0
Sara Kruse (Director) $0 $0 $0
Tim Peterson (Director) $0 $0 $0
Jon Launckner (Director) $0 $0 $0
Jeff Rinvelt (Director) $0 $0 $0
Skip Simms (Director) $0 $0 $0
Ted Serbinski (Director) $0 $0 $0
Jody Vanderwel (Director) $0 $0 $0
Ryan Waddington (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$448,677
Expenses
$781,117
Net Income
-$332,440
Net Assets
$1,991,212
Notable Sources of Revenue Percent of Total Revenue
Contributions $301,295
67.2%
Program Services $144,906
32.3%
Investment Income $2,476
0.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $92,667
11.9%
Professional Fundraising Fees $0
Other Salaries and Wages $86,130
11.0%
Assets/Debt
Total Assets $1,992,648
Total Liabilities $1,436
Net Assets $1,991,212
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Jim Adox (Managing Dir) $0 $0 $0
Tim Peterson (Managing Dir) $0 $0 $0
Tony Grover (Managing Dir) $0 $0 $0
Josh Beebe (Director) $0 $0 $0
Hugo Braun (Director) $0 $0 $0
Patti Glaza (Director) $0 $0 $0
Mark Horne (Director) $0 $0 $0
Sara Kruse (Director) $0 $0 $0
Jon Launckner (Director) $0 $0 $0
Mark Olesnavage (Director) $0 $0 $0
Jeff Rinvelt (Director) $0 $0 $0
Skip Simms (Director) $0 $0 $0
Ted Serbinski (Director) $0 $0 $0
Jody Vanderwel (Director) $0 $0 $0
Ryan Waddington (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$367,828
Expenses
$806,924
Net Income
-$439,096
Net Assets
$2,323,654
Notable Sources of Revenue Percent of Total Revenue
Contributions $319,509
86.9%
Program Services $45,327
12.3%
Investment Income $3,960
1.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$968
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $104,500
13.0%
Professional Fundraising Fees $0
Other Salaries and Wages $75,614
9.4%
Assets/Debt
Total Assets $2,323,654
Total Liabilities $0
Net Assets $2,323,654
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Tim Peterson (Managing Dir) $0 $0 $0
Jim Adox (Managing Dir) $0 $0 $0
Tony Grover (Managing Dir) $0 $0 $0
Hugo Braun (Director) $0 $0 $0
Peter Farner (Director) $0 $0 $0
Mark Horne (Director) $0 $0 $0
Tom Kinnear (Director) $0 $0 $0
Jon Launckner (Director) $0 $0 $0
Chris Rizik (Director) $0 $0 $0
Skip Simms (Director) $0 $0 $0
Mark Olesnavage (Director) $0 $0 $0
Jody Vanderwel (Director) $0 $0 $0
Donald Walker (Director) $0 $0 $0
Paula Sorell (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2012

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2011

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
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  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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