Nonprofit · EIN 46-3865120
INVEST MICHIGAN
Tax-exempt · NORTHVILLE, MI 48167
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| March 31, 2025 | 990 | -$462,741 | $362,353 | -$825,094 | $13,797,677 | $15,022 | $13,782,655 |
| March 31, 2024 | 990 | -$659,221 | $434,761 | -$1,093,982 | $14,987,401 | $20,637 | $14,966,764 |
Financial details: 990 for the year ended March 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- -$462,741
- Net gain from sales of assets
- -$540,913
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $250,961
- Salaries, compensation and benefits (total)
- $278,362
- Professional fundraising fees
- $0
- Legal fees
- $18,003
- Accounting fees
- $10,738
- Travel
- $3,808
- Program services (functional)
- $348,401
- Management and general (functional)
- $13,952
Balance sheet and other
- Total assets, start of year
- $14,987,401
- Total assets, end of year
- $13,797,677
- Total liabilities, end of year
- $15,022
- Net assets, end of year
- $13,782,655
- Net assets without donor restrictions
- $13,780,117
- Net assets with donor restrictions
- $2,538
- Gross receipts
- $78,172
- Employees
- 1
- Volunteers
- 3
- Year formed
- 2013
- State of legal domicile
- MI
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended March 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHARLES MORET | PRESIDENT & CEO Trustee or director, Officer | 40 | $250,000 |
| JODY VANDERWEL | TREASURER Trustee or director, Officer | 1 | $0 |
| MATTHEW TURNER | SECRETARY Trustee or director, Officer | 1 | $0 |
| JAMES BAKER RESIGNED 12-24-24 | DIRECTOR Trustee or director | 0 | $0 |
990 for the year ended March 31, 2024: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHARLES MORET | PRESIDENT Trustee or director, Officer | 50 | $251,374 |
| JAMES TENZILLO | VICE PRESIDENT Officer | 50 | $84,478 |
| JODY VANDERWEL | TREASURER Trustee or director, Officer | 1 | $0 |
| MATTHEW TURNER | SECRETARY Trustee or director, Officer | 1 | $0 |
| JAMES BAKER | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 235 E MAIN ST STE 105B, NORTHVILLE, MI 48167-2499
- In care of
- % CHARLES MORET
- Principal officer (990 for 2024)
- CHARLES MORET, 235 E MAIN ST 105B, NORTHVILLE, MI 48167
- Signed the 990
- CHARLES MORET, PRESIDENT & CEO
- Phone
- (313) 405-4103
- Return prepared by
- COHNREZNICK ADVISORY LLC
Mission
TO ENHANCE TECHNOLOGICAL INNOVATION BY CREATING A NURTURING ENVIRONMENT DESIGNED TO ATTRACT START-UP AND EMERGING TECHNOLOGY-ORIENTED BUSINESS IN MICHIGAN.
Program accomplishments
- ORGANIZATION'S MISSION IS TO ENHANCE TECHNOLOGICIAL INNOVATION BY CREATING A NURTURING ENVIRONMENT DESIGNED TO ATTRACT START-UP AND EMERGING TECHNOLOGY-ORIENTED BUSINESSES IN MICHIGAN. FUNDING AND INVESTMENT FACILITATION PROGRAM TO IDENTIFY, DIRECT AND OPERATE PROGRAMS ASSOCIATED WITH ASSISTING IN FORMATION OF START-UP AND EARLY STAGE TECHNOLOGY BASED COMPANIES IN MICHIGAN. EXPANDING AND DIVERSIFYING THE LOCAL ECONOMY BY INCREASING THE NUMBER OF HIGH-TECH COMPANIES IN THE STATE AND TO FOSTER ECONOMIC DEVELOPMENT BY PROVIDING SUPPORT AND EDUCATIONAL PROGRAMMING TO EARLY STAGE COMPANIES AND ENTREPRENEURS.Expenses $348,401
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in March, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | March 31, 2026 | August 17, 2026 | Not on file |
| 2024 | March 31, 2025 | August 15, 2025 | 990 on file |
| 2023 | March 31, 2024 | August 15, 2024 | 990 on file |
IRS record
- EIN
- 46-3865120
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2015
- Accounting year ends
- March
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S31)
- Assets (IRS master file)
- $13,797,677
- Income (IRS master file)
- $78,172
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | March 2025 | -$462,741 | $362,353 | $13,797,677 | XML |
| 990 | March 2024 | -$659,221 | $434,761 | $14,987,401 | XML |
| 990 | March 2023 | $87,646 | $586,605 | $16,125,245 | IRS |
| 990 | March 2022 | – | – | – | IRS |
| 990 | March 2021 | – | – | – | IRS |
| 990 | March 2019 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 46-3865120).
Questions about INVEST MICHIGAN
- What is the EIN of INVEST MICHIGAN?
- The employer identification number (EIN) of INVEST MICHIGAN is 46-3865120.
- Is INVEST MICHIGAN tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2015.
- Are donations to INVEST MICHIGAN tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does INVEST MICHIGAN file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of INVEST MICHIGAN due?
- The return for tax year 2025 (the year ending March 31, 2026) is due August 17, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did INVEST MICHIGAN last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended March 2025.
- Who is the principal officer of INVEST MICHIGAN?
- The 990 for the year ended March 31, 2025 names CHARLES MORET.
- Who are the officers and directors of INVEST MICHIGAN?
- The 990 for the year ended March 31, 2025 lists 4 people; 1 received compensation from the organization, the highest $250,000 (CHARLES MORET, PRESIDENT & CEO).
- How much revenue does INVEST MICHIGAN have?
- On its 990 for the year ended March 31, 2025 it reported revenue of -$462,741, expenses of $362,353 and total assets of $13,797,677 at year end.
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All nonprofits in NORTHVILLE · Michigan · Community improvement and capacity building