EIN 86-1255672

Michigan Capital Network Association

IRS 501(c) type
501(c)(6)
Num. employees
0
Year formed
2021
Most recent tax filings
2023-12-01
NTEE code, primary
Description
Michigan Capital Network Association creates a community for early-stage and trade investing with Grand Angels and Kzoo Angels programs.
Total revenues
$536,342
2023
Total expenses
$475,254
2023
Total assets
$130,882
2023
Num. employees
0
2023

Program areas at Michigan Capital Network Association

The largest service program we have is grand angels. It generated 62 members of the 103 total members in our organization. This program focuses on investors in the greater grand rapids area. We provide monthly meetings for our grand angels where we host 1-3 ceos from various companies. This supports our mission to educate, grow and diversify investors. We focus on early-stage investing in Michigan and the surrounding areas as well as a focus on attracting members in advanced manufacturing, alternative energy, consumer goods, life science and other technologies.
The third largest service program we have is kzoo angels. It generated 11 of 103 total members in our organization. This program focuses on investors in the greater kalamazoo area. Similar to the above, we host monthly meetings where we host 1-3 ceos from various companies. Since this is an additional group of our organization, it also allows our organization's mission and focuses on the same companies as grand angels and woodward angels.
The second largest service program we have is woodward angels. It generated 23 members of the 103 total members in our organization. This program focuses on investors in the greater detroit area. Similar to the above, we host monthly meetings where we invite ceos from various companies and further our mission to educate, grow and diversify our membership. It also focuses on the same companies as grand angels.

Personnel at Michigan Capital Network Association

NameTitleCompensation
Paul D'AmatoChief Executive Officer and Managing Director$0
Carl EricksonChair of the Board$0
David HodgeTreasurer$0
Jody VanderwelDirector$0
Diane DuranceVice President$118,517

Financials for Michigan Capital Network Association

RevenuesFYE 12/2023
Total grants, contributions, etc.$320,346
Program services$0
Investment income and dividends$5,996
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$210,000
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$536,342

Form 990s for Michigan Capital Network Association

Fiscal year endingDate received by IRSFormPDF link
2023-122024-07-02990View PDF
2022-122023-06-08990View PDF
2021-122022-11-07990View PDF
Data update history
August 5, 2023
Posted financials
Added Form 990 for fiscal year 2021
August 2, 2023
Posted financials
Added Form 990 for fiscal year 2022
July 23, 2023
Used new vendors
Identified 1 new vendor, including
July 7, 2023
Updated personnel
Identified 5 new personnel
May 23, 2023
Used new vendors
Identified 1 new vendor, including
Nonprofit Types
Trade associationsBusiness and community development organizations
Issues
Business and industry
Characteristics
MembershipsState / local levelNo full-time employees
General information
Address
37 Ottawa Ave NW Suite 200
Grand Rapids, MI 49503
Metro area
Grand Rapids-Kentwood, MI
County
Kent County, MI
Website URL
michigancapitalnetwork.com/ 
Phone
(616) 566-1770
IRS details
EIN
86-1255672
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2021
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
S41: Promotion of Business
NAICS code, primary
813910: Trade Associations
Parent/child status
Independent
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