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Milestone Growth Capital Institute

EIN 93-3076680 · Detroit, MI

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthStrong93 out of 100GovernanceWeak35 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

TO PROVIDE EDUCATION AND EXPOSURE TO ENTREPRENEURSHIP, ANGEL INVESTING, AND ALTERNATIVE FUNDING MODELS TO EMERGING ANGEL INVESTORS AND FOUNDERS, AS WELL AS TO SHARE RESEARCH WITH RELEVANT ECOSYSTEM STAKEHOLDERS AND THE PUBLIC

Income
$244,356
Spending
$174,711
Spent on programs
73%
Reserves
6.3 months of spending
Largest source of income
donations and private grants, 100%
Employees
0
Volunteers
0
Highest pay
$36,450, president and c.e.o.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Strong: 93 out of 100. Higher than 81% of charities in its peer group (community improvement, under $250k).

  • Reserves

    28 of 35

    Spendable reserves would cover 6.3 months of spending.

  • Debt

    20 of 20

    It owes 0% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 29% of income.

  • Income trend

    15 of 15

    Income rose 801% on the year before.

  • Spending floor

    15 of 15

    73% of spending went to programs and raising each dollar of donations cost 0 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Weak: 35 out of 100. Higher than 9% of charities in its peer group (community improvement, under $250k).

  • Independent board

    5 of 25

    1 of 3 voting board members are independent.

  • Conflict of interest policy

    0 of 15

    Reports no written conflict of interest policy.

  • Whistleblower policy

    0 of 8

    Reports no written whistleblower policy.

  • Record keeping policy

    0 of 7

    Reports no written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    0 of 5

    Reports no independent review process for its chief executive's pay.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. 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 (1)
  1. $127,833 spent. MILESTONE GROWTH CAPITAL INSTITUTE ("MGCI") ADVANCES ITS MISSION THROUGH EDUCATION, RESEARCH, AND COMMUNITY-BUILDING PROGRAMS THAT STRENGTHEN THE EARLY-STAGE ENTREPRENEURIAL ECOSYSTEM. DURING THE REPORTING YEAR, THE INSTITUTE OFFERED TWO MULTI-WEEK COHORT PROGRAMS FOR EMERGING INVESTORS AND FOUNDERS, WITH TRAINING ON CRITICAL BUSINESS MILESTONES, EARLY STAGE INVESTING, AND FUNDING OPTIONS. SEE SCHEDULE O FOR ADDITIONAL INFORMATION.MGCI'S DATA-DRIVEN RESEARCH GENERATED ACTIONABLE INSIGHTS TO INCREASE THE PLURALITY OF ECOSYSTEM PARTICIPANTS; THIS INCLUDED COMPLETING ONE MAJOR RESEARCH STUDY IN COLLABORATION WITH A LOCAL UNIVERSITY. THIS STUDY INCLUDED 55 IN-DEPTH INTERVIEWS WITH ENTREPRENEURIAL ECOSYSTEM STAKEHOLDERS. TO FOSTER MEANINGFUL CONNECTIONS AMONG ANGEL INVESTORS, MGCI HOSTED AN ANGEL FORUM, ENGAGING NEARLY 100 PARTICIPANTS. TOGETHER, THESE EFFORTS BUILD AND SUPPORT INNOVATION, DEEPEN KNOWLEDGE ABOUT NAVIGATING THE ENTREPRENEURIAL ECOSYSTEM, AND CONTRIBUTE TO BUILDING A MORE COLLABORATIVE ENTREPRENEURIAL COMMUNITY.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. 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.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. 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.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since October 2023.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. 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.