Michigan Capital Network Association
Public records raise at least one point you should look into before giving.
What it says it does
ESTABLISH A COMMUNITY OF INDIVIDUALS AND GROUPS ENGAGED IN THE TRADE AND BUSINESS OF EARLY-STAGE INVESTING BY CREATING AN ASSOCIATION THAT EMPOWERS ITS MEMBERS WITH THE TOOLS, RESOURCES, AND SUPPORT TO ADVANCE THE BUSINESS CONDITIONS FOR THE ASSOCATION AND ITS MEMBERS.
- Income
- $297,226
- Spending
- $225,670
- Employees
- 0
- Highest pay
- $304,369, ceo & former director
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. How we rate
Financial health
We do not score finances when yearly spending is very small or the return has too little detail. The ratios stop meaning much at that size.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. How we rate
Governance
This return does not answer enough of the governance questions to score.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (4)
- $117,434 spent. THE LARGEST SERVICE PROGRAM WE HAVE IS GRAND ANGELS. IT GENERATED 55 MEMBERS OF THE 98 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.
- $46,974 spent. THE SECOND LARGEST SERVICE PROGRAM WE HAVE IS WOODWARD ANGELS. IT GENERATED 22 MEMBERS OF THE 98 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.
- $23,487 spent. THE THIRD LARGEST SERVICE PROGRAM WE HAVE IS BLUEWATER ANGELS. IT GENERATED 11 OF 98 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 FOURTH LARGEST SERVICE PROGRAM WE HAVE IS KZOO ANGELS. IT GENERATED 10 OF 98 TOTAL MEMBERS IN OUR ORGANIZATION. SIMILAR TO OUR OTHER PROGRAMS, WE HOST MONTHLY MEETINGS WHERE WE INVITE CEOS FROM VARIOUS COMPANIES AND FURTHER OUR MISSION TO EDUCATE, GROW AND DIVERSIFY MEMBERSHIP. IT ALSO FOCUSES ON THE SAME COMPANIES AS GRAND ANGELS, WOODWARD ANGELS, AND THE BLUEWATER ANGELS.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(6) business league.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.
Are donations tax-deductible? Caution.
The IRS master file records contributions to this 501(c)(6) business league as not deductible.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2024.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since April 2022.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.