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
Name | Title | Compensation | Date of data |
---|
Paul D'Amato | Chief Executive Officer and Managing Director | $0 | 2023-06-08 |
Carl Erickson | Chair of the Board | $0 | 2022-12-31 |
David Hodge | Treasurer | $0 | 2022-12-31 |
Jody Vanderwel | Director | $0 | 2022-12-31 |
Diane Durance | Vice President | $118,517 | 2022-12-31 |
Financials for Michigan Capital Network Association
Revenues | FYE 12/2023 | FYE 12/2022 | % Change |
---|
Total grants, contributions, etc. | $320,346 | $360,123 | -11% |
Program services | $0 | $0 | - |
Investment income and dividends | $5,996 | $0 | 999% |
Tax-exempt bond proceeds | $0 | $0 | - |
Royalty revenue | $0 | $0 | - |
Net rental income | $0 | $0 | - |
Net gain from sale of non-inventory assets | $210,000 | $0 | 999% |
Net income from fundraising events | $0 | $0 | - |
Net income from gaming activities | $0 | $0 | - |
Net income from sales of inventory | $0 | $0 | - |
Miscellaneous revenues | $0 | $0 | - |
Total revenues | $536,342 | $360,123 | 48.9% |
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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/Â
- 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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