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· Public charity

Michigan Venture Capital Associatio

The mission of the organization is to grow and sustain a vibrant venture capital community in michigan by promoting an entrepenurial environment through encouraging investments in new and emerging companies, educating the community to the benefits of venture capital investing and promoting professional development of members through…

$77k
Granted FY2019
5
Grants FY2019
1
States reached
$21k
Largest
01What it funds
01100% classified

What it funded, over time

Every grant placed by its stated purpose and the recipient’s mission, by year, FY2018 to 2019.

Community Improvement$186k
02FY2019 · 5 grants

Where the money goes

Grants by size, and the largest recipients.

How this is measured
The 5 grants below total $72,044, the rows itemized in this filing. The $77,044 headline is the total grant expense on the return; the other $5,000 is giving the schedule does not break out (grants under the $5,000 itemization floor, grants to individuals, grants on other schedules). Every figure below describes the itemized rows only.
$11,700
Median grant
1
States reached
$1.2M
Total assets
Largest grants
RecipientAmount
AUGMENT VENTURES$21,234
INVEST DETROIT FOUNDATION$16,875
GRAND VENTURES$11,700
DETROIT VENTURES PARTNERS$11,235
FONTINALIS PARTNERS LLC$11,000
02The need
03

Does the money reach high-need areas?

Each grant placed by the hardship in its grantee’s ZIP, against the area’s typical level.

show:

Dollar for dollar, its grants (FY18–19) land where the poverty rate runs at 16%, against an area that typically sits at 11%. 86% of its dollars go to grantees based in above-average-need neighborhoods. Most of its grants land in higher-need ZIPs.

area typical 11%BERINGEA LLC: $20k → 8%GRAND VENTURES: $12k → 11%AUGMENT VENTURES: $21k → 14%DETROIT VENTURES PARTNERS: $20k → 21%AUGMENT VENTURES: $20k → 14%DETROIT VENTURES PARTNERS: $11k → 21%RPM VENTURES III MANAGEMENT LLC: $9k → 14%INVEST DETROIT FOUNDATION: $17k → 21%INVEST DETROIT FOUNDATION: $15k → 21%0%20%40%50%more need →
grant to an above-average-need area below average· circle size = grant amount
How this is measured
Matched: human-services grants are those whose grantee’s IRS cause code is Human Services. Placed by people below the poverty line in the grantee’s ZIP, averaged from the tracts in that ZIP.
How this is measured
US grants placed by each grantee’s ZIP, which can differ from where services are delivered. Need from public data (U.S. Census/ACS, CDC PLACES, Eviction Lab, USDA), shown as context about the area, never attributed to the funder’s giving.
03Its grantees
repeat funding

Who it funds again

Organizations funded in more than one year, against those funded once.

78%of every dollar goes to organizations it has funded before.
$145k · 4 repeat orgs$41k to everyone else

4 repeat relationships: 4 still active in FY2019, 0 since wound down; 1 grantees were first funded in FY2019 (too recent to call).

How the two cohorts compare

Re-uppedFunded once

Organizations

4
2

Total granted

$145k
$29k

Still filing today

25%
0%

New vs renewed · share of each year

In FY2019, 84% of grant dollars renewed an existing relationship; $12k went to new ones.

50%100%’18’19
RenewedFirst-time
How this is measured
First-time means a grantee’s first year in the filing window; renewed means funded in an earlier year too. The renewed share climbs naturally as a portfolio matures, so the signal is a year that bucks it (a wave of new grantees). The earliest year is left-censored: relationships that predate the data read as new. Theme is the grantee’s IRS cause.

Backed again, and grew

  • AV
    AUGMENT VENTURES
    2× · 2018–2019 · $41k
  • FP
    FONTINALIS PARTNERS LLC
    2× · 2018–2019 · $41k
  • INVEST DETROIT FOUNDATION
    2× · 2018–2019 · $32k · revenue +54%

Funded once

  • BL
    BERINGEA LLC
    one grant, 2018 · $20k
  • RV
    RPM VENTURES III MANAGEMENT LLC
    one grant, 2018 · $9k
How this is measured

Repeat means funded in two or more distinct years. Growth and survival are read from each grantee’s own subsequent IRS filings.

04Its field
04the grantee network

1 grantees tracked through their own filings, 2017–2024.

Each grant beside the grantee’s revenue from every source, year by year.

How this is measured

Counted here: distinct organizations funded across 2017 to 2024, not grant rows in a single year, so this will not match the grant count on the cover. 1 of the 7 grantees resolved in that span have returns of their own we could reconcile.

Each grantee is resolved to its own IRS returns. Association, dated; never a causal claim.

0
Load-bearing (≥25% of a budget)
0
Early backer (in before they grew)
1/1
Grantees still filing
1/1
Grew since first funded

Where the money sits, by cause and then by grantee

AUGMENT VENTURES: $41,232 · OtherAUGMENT VENTURESFONTINALIS PARTNERS LLC: $41,000 · OtherFONTINALIS PARTNERS LLCDETROIT VENTURES PARTNERS: $31,233 · OtherDETROIT VENTURES PARTNERSBERINGEA LLC: $19,998 · OtherBERINGEA LLCGRAND VENTURES: $11,700 · OtherGRAND VENTURESRPM VENTURES III MANAGEMENT LLC: $9,401 · OtherRPM VENTURES III MANAGEMENT LLCINVEST DETROIT FOUNDATION: $31,625 · Community ImprovementINVEST DETROIT FOUN…
Other$154,564Community Improvement$31,625

Each grantee by its size and the funder’s share of it; top left is load-bearing

25%50%75%100%grantee revenue →↑ funder's share of their budgetINVEST DETROIT FOUNDATION: $31,625 over 2y, 0.1% of budget
Grantee by grantee: a decade per organization, before and after funding

A decade per grantee: revenue shaded, grants as bars, all rows on one timeline.

  • Who funds INVEST DETROIT FOUNDATION ↗

How much its grantees rely on government

Each dot is one organization Michigan Venture Capital Associatio funds: left to right is the share of its income from government, bottom to top the share from Michigan Venture Capital Associatio. Bigger dots raise more.

2024
’20’21’22’23’24
no gov · 00%0%1%3%5%funder's share of their income ↑0%4%8%11%15%share of the org’s income from government →
    no gov moneyreceives it· size = income
    0get no government money at all
    0rely on government for over half their income
    ⤢ axis zoomed · 0–15%
    typical government reliance, FY20–24
    How this is measured
    Government income is each org’s traced federal awards (USASpending grants and contracts) plus state payments (open checkbooks) as a share of its total revenue (IRS Form 990); the self-reported government-grant line (990 line 1e) is carried for cross-check: a grantee that reports government grants we could not trace to a source is left off the chart rather than shown as receiving none. An association, not a claim that a grant caused the public funding. Coverage is precision-first, a floor rather than a census; state records exist for 9 states, so a grantee outside them shows no state figure (dimmed) rather than a false zero. Federal award amounts are obligations, which can span years, so a single-year share is indicative. 990 filings lag 12 to 24 months.
    05Through Plinth

    Warm introductions · Powered by PlinthPlus

    How do I get to Michigan Venture Capital Associatio?

    Find your warmest path to Michigan Venture Capital Associatio through trustees and officers whose names appear on both boards. Search for your organization and Plinth traces the shortest route it can evidence.

    Each link is a name appearing on two organizations’ public IRS 990 filings, matched on that name and, where the filings support it, on location. A same-state match has geographic support, which is a second matching feature rather than confirmation that the two are one person; a cross-state one is the likeliest to be two people who share a name. Every hop shows its tier, low-confidence and distant paths are held back rather than guessed, and it is worth confirming the person before you use the introduction.

    On method. Every financial figure here is read from IRS e-file XML, the funder’s own 990/990-PF, and from the multi-year returns of the 7 grantees we resolved, each linked to its source. Grantee outcomes are each organization’s own program-service reporting (Form 990, Part III), read as association with funding, never as caused by it. Low-confidence name matches are suppressed rather than guessed. How we build these →

    How this is measured
    Each figure carries one of six labels. Filed is what the funder reported on its return. Official is another government record about an organization, such as a federal award or a charity register, joined by name where no shared identifier exists. Resolved is an identity we worked out where the filing named a recipient without an EIN, kept only above a measured confidence threshold. Computed is arithmetic over those, like themes, portfolio clusters and co-funder strength. Context is a statistic about a place rather than about an organization, which is what the need overlay is: it describes the area a grantee’s address sits in, not where its work lands. Inferred is drawn by a model from text, like the partnerships read out of public news and organization websites. Each is labeled where it appears.

    Generated from the IRS Form 990 e-file return for fiscal year 2019, released 2019. Filings run roughly 12 to 24 months behind; figures are dated accordingly.

    Possibly out of date. A more recent filing (FY2024) is on record and reports no grant expense, so the figures above are from FY2019, the most recent year this funder made grants.

    Source object · view filing

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