NonprofitsMichigan Founders Fund

Public Foundations

Michigan Founders Fund

ANN ARBOR, MI

Total revenue

$1.9M

Total expenses

$1.7M

Net assets

$611K

Grants received

$1.7M

10 grants

EIN

863992946

Tax year

2024

Mission

Michigan founders fund (mff) helps entrepreneurs and their teams become active participants in the communities where they operate throughout the state of michigan. Mff will provide educational programming and resources that equip entrepreneurs to become stronger leaders and help them build diverse, equitable and inclusive company cultures. Mff programming will enable entrepreneurs to consider the impact of the business on multiple stakeholders, society and the environment. Mff will provide evidenced-based data that empowers entrepreneurs to make charitable financial and service contributions to support the ongoing work of mff and other nonprofit 501(c)(3) organizations dedicated to advancing entrepreneurs and students in stem and generating positive, sustainable public benefits to communities throughout michigan. Mff will collaborate with other 501(c)(3) organizations to promote their work and organize service activities for entrepreneurs.

Financials

FY 2024

Revenue

Contributions & grants$1.9M
Program service revenue
Investment income$20K
Other revenue
Total revenue$1.9M

Expenses

Grants paid$177K
Salaries & benefits$395K
Fundraising$57K
Other expenses$1.1M
Total expenses$1.7M
Total assets$1.4M
Net assets$611K

People

5 listed

NameRoleCompensation

RISHI MOUDGIL

EXECUTIVE DIRECTOR

Board

$152K

40 hrs/wk

DUG SONG

CO-CHAIR

Board

2 hrs/wk

BHUSHAN KULKARNI

CO-CHAIR

Board

2 hrs/wk

ADRIAN FORTINO

TREASURER

Board

2 hrs/wk

KATY LOCKER

BOARD MEMBER AT-LARGE

Board

2 hrs/wk

Grants received

Showing 10 of 10

FromAmountPurposeYear
$400K
Michigan Founders Fund Expansion & Staffing
2024
$50K
To support Michigan Tech Week 2024 taking place at Michigan Central in Detroit
2024
$15K
COMMUNITY IMPROVEMENT & CAPACITY BUILDING
2024
$225K
General operating support and sponsorship of Michigan Tech Week.
2023
$150K
SPONSORSHIP FOR MICHIGAN TECH WEEK
2023
$15K
GENERAL SUPPORT
2023
$150K
ORGANIZATIONAL CAPAICTY SUPPORT TO PROVIDE EDUCATIONAL PROGRAMMING AND LEADERSHIP DEVELOPMENT ACTIVITIES FOR HIGH-TECH AND HIGH-POTENTIAL FOUNDERS IN SOUTHEAST MICHIGAN
2022
$103K
SPONSORSHIP FOR MICHIGAN TECH WEEK
2022
$100K
SPONSOR MI TECH WEEK
2022
$500K
PUBLIC, SOCIETAL BENEFIT
2021

Funded by

$1.7M from 7 funders · 10 grants · 2021–2024

Donor Advised Charitable Giving Inc

$500K · 1 grant · 2021

William Davidson Foundation

$425K · 3 grants · 2022–2024

The Ralph C Wilson Jr Foundation

$400K · 1 grant · 2024

Song Foundation

$253K · 2 grants · 2022–2023

Global Link International

$100K · 1 grant · 2022

Community Foundation For Southeast

$15K · 1 grant · 2024

Community Financial Credit Union

$15K · 1 grant · 2023

Details

EIN863992946
NTEE codeT30
Subsection03
Ruling date2022-01
Formed2021
Employees6
Volunteers50
MICHIGAN FOUNDERS FUND — Mission, Financials & Grants Received | Grantivo