2025-11-17T13:35:24-06:00 2024-12-31 KPMG LLP 345 PARK AVENUE NEW YORK NY 101540102 990 2024-01-01 201443645 VENTURE MICHIGAN FUND % TERESA YUE VENT 6463623700 767 Fifth Avenue 11th Floor NEW YORK NY 10153 TERESA YUE AUTHORIZED SIGNATORY 6463623700 2025-11-17 true true CRYSTAL WILEY P01310399 2127859700 2025-11-17 2024 2025-03-06 01:10:19Z TERESA YUE 767 Fifth Avenue 11th Floor NEW YORK NY 10153 30782882 false X www.venturemichigan.com X 2004 MI TO RAISE CAPITAL AND INVEST THAT CAPITAL IN VENTURE CAPITAL FIRMS WITH THE INTENT TO BENEFIT THE STATE OF MICHIGAN'S EARLY OR SEED STAGE BUSINESSES. 7 7 0 7 -6900 0 0 0 0 0 5280895 7100240 6398552 23682642 11679447 30782882 0 0 0 0 0 0 0 0 0 1499758 1790345 1499758 1790345 10179689 28992537 254515626 255676228 5769503 4209438 248746123 251466790 X TO RAISE CAPITAL AND INVEST THAT CAPITAL IN VENTURE CAPITAL FIRMS WITH THE INTENT TO BENEFIT THE STATE OF MICHIGAN'S EARLY OR SEED STAGE BUSINESSES. false false 1689487 To RAISE CAPITAL AND INVEST THAT CAPITAL IN VENTURE CAPITAL FIRMS WITH THE INTENT TO BENEFIT THE STATE OF MICHIGAN'S EARLY OR SEED STAGE BUSINESSES. 1689487 true false false false false false false false false false false false true false true false true true false false false false false false false false false false false false false false false false false false false false false false false false false true true true false false true 0 0 0 false false false false false false false false false false false false X 7 7 false false false false false false false true false false false true true false false false false false false true true MI X TERESA YUE 6463623700 767 FIFTH AVENUE 11TH FLOOR New York NY 10153 X JEFFREY RINVELT TREASURER 0.0 0.0 X 0 0 0 SCOTT IDLE PRESIDENT 0.0 0.0 X 0 0 0 DAWN BATTS SECRETARY 0.0 0.0 X 0 0 0 ANN STORBERG n/a 0.0 0.0 X 0 0 0 TIM EASTERWOOD n/a 0.0 0.0 X 0 0 0 FREDRICK MOLNAR n/a 0.0 0.0 X 0 0 0 BRANDON WAY n/a 0.0 0.0 X 0 0 0 0 0 0 0 false false false 0 0 0 7100240 712 7099528 0 3830 3830 0 0 0 0 0 0 0 0 0 0 0 0 0 ST CG FROM PASSTHROUGH 525990 -36980 -36980 LOSS FROM PASSTHROUGH 525990 -43076 -7612 -35464 LT CG FROM PASSTHROUGH 525990 23758868 23758868 23678812 30782882 -6900 30789782 0 0 0 0 0 0 0 0 0 0 0 75107 75107 0 0 0 0 0 0 0 0 0 0 0 0 0 0 112111 112111 0 0 25751 25751 PORTFOLIO DEDUCTIONS 1577376 1577376 1790345 1689487 100858 0 X 0 0 116971049 150028884 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 137544577 105647344 0 0 0 0 254515626 255676228 51543 56677 0 0 0 0 0 0 0 0 0 0 0 0 0 0 5717960 4152761 5769503 4209438 X 248746123 251466790 0 0 248746123 251466790 254515626 255676228 28992537 -26271870 X false true X false false X INVESTMENT IN VMF I, LP 26885584 F INVESTMENT IN VMF II, LP 78761760 F 105647344 0 MINORITY INTEREST 4152761 4152761 X 2821525 -3701401 -3701401 6522926 24259956 24259956 30782882 100858 100858 1689487 1689487 1790345 Part XI, Line 2D - Other Adjustments: Part XI, Line 4B - Other Adjustments: Revenue from Limited Partnerships: $ 24,259,956 Part XII, Line 4B - Other Adjustments: Expenses from Pass-throughs: $ 1,689,487 Schedule D Parts XI and XII Part XI, Line 2D: Part XI, Line 4B: Amount is the revenue from investments in limited partnerships reported on k-1s received from limited partnerships. Part XII, Line 4B: Amount represents deductions from investments in limited partnerships reported on K-1s received from limited partnerships. Schedule D Parts X, Line 2 The Fund is a Michigan non-profit organization exempt from federal income taxes under Section 501(c)(3) of the Internal Revenue Code, except on net income derived from unrelated business activities ("UBTI"). Furthermore, the Fund is also exempt from taxation by the State of Michigan. Form 990, Part I, Line 1, Description of organization mission: TO RAISE CAPITAL AND INVEST THAT CAPITAL IN VENTURE CAPITAL FIRMS WITH THE INTENT TO BENEFIT THE STATE OF MICHIGAN'S EARLY OR SEED STAGE BUSINESSES. Form 990, Part III, Line 1, Description of organization mission: THE FUND WAS FORMED AS A NON-PROFIT, NON-STOCK CORPORATION FOR THE PURPOSE OF QUALIFYING AS A MICHIGAN EARLY STAGE INVESTMENT CORPORATION WITHIN THE MEANING OF ACT NO. 296 OF THE MICHIGAN PUBLIC ACTS OF 2003. THE FUND WAS ORGANIZED TO RAISE CAPITAL AND INVEST THAT CAPITAL IN VENTURE CAPITAL FUNDS WITH THE GOAL OF GENERATING A STRONG INTERNAL RATE OF RETURN AND TO PROMOTE THE ECONOMIC HEALTH OF THE STATE MICHIGAN BY ASSISTING IN THE CREATION OF JOBS, NEW BUSINESSES, AND NEW INDUSTRIES WITHIN THE STATE THROUGH THE INVESTMENT IN EARLY AND SEED STAGE BUSINESSES. Form 990, Part VI, Section A, Line 8B: THE ORGANIZATION DID NOT HOLD ANY MEETINGS THAT WOULD REQUIRE A COMMITTEE TO ACT ON BEHALF OF THE GOVERNING BODY. Form 990, Part VI, Section B, Line 11B: FORM 990 REVIEW PROCESS: KPMG LLP PREPARED FORM 990. IT WAS THEN SUBMITTED TO THE ORGANIZATION'S BOARD MEMBERS FOR REVIEW BEFORE THE FORM WAS FILED. Form 990, Part VI, Section C, Line 19: THE ORGANIZATION'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST ONLY. VENTURE MICHIGAN FUND I LP 767 Fifth Avenue 14th Floor NEW YORK NY 10153 205038329 INVESTMENT MI NA EXCLUDED -2271832 26413048 false -3454 0.99800 VENTURE MICHIGAN FUND II LP 767 Fifth Avenue 14th Floor NEW YORK NY 10153 274498166 INVESTMENT MI NA EXCLUDED 24842301 39482396 false -3721 0.99800 true true false false false false false false false false false false false false false false false false true VENTURE MICHIGAN FUND I LP A 48859 K-1 Received VENTURE MICHIGAN FUND I LP B 32690 K-1 Received VENTURE MICHIGAN FUND I LP S 265220 K-1 Received VENTURE MICHIGAN FUND II LP A 341772 K-1 Received VENTURE MICHIGAN FUND II LP B 145749 K-1 Received VENTURE MICHIGAN FUND II LP S 26543851 K-1 Received