Traverse City Center of Entrepreneurship
To cultivate a thriving and connected startup ecosystem in nw lower Michigan.
Traverse City Center of Entrepreneurship at a glance
In short: Traverse City Center of Entrepreneurship gave $95K across 4 grants in 2024 (avg $24K), mostly in Michigan. Source: 2024 IRS Form 990.
- Annual giving (2024)
- $94,713
- Grants made (2024)
- 4
- Average grant
- $23,678
- Median grant
- $24,464
- Total assets
- $2,353,206
- +431.5% vs 2023
- Primary geography
- Michigan (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990, 2024 View filing
Data from IRS Form 990, 2024; updated September 2026.
Who Traverse City Center of Entrepreneurship funds
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2024
The largest 2024 recipient was Traverse Connect Foundation ($26K). Together the top 4 received $95K.
Grant Size Distribution
4 grants across all recorded years
The most common grant size was under $50K: 4 grants of 4 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 4 itemized grants.
States
Cities
Giving History
Giving Over Time
Total grant dollars and number of grants per year
In 2024 it made 4 grants totaling $95K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Traverse Connect Foundation Trverse City, MI | Subaward of SBSH | $26,469 |
| Northern Lakes Economic Alliance Boyne City, MI | Subaward of SBSH | $26,189 |
| Venture North Funding & Development Trverse City, MI | Subaward of SBSH | $22,738 |
| Grand Valley State University Allendale, MI | Subaward of SBSH | $19,317 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2024 | $2,353,206 | $2,186,239 | $1,899,743 | $94,713 | 4 | $54,491 |
| 2023 | $442,756 | $1,141,785 | $1,150,295 | — | — | — |
| 2022 | $418,238 | $1,044,952 | $1,028,416 | — | — | — |
| 2021 | $293,792 | $975,371 | $792,710 | — | — | — |
| 2020 | $106,401 | $368,085 | $841,274 | — | — | — |
| 2019 | $429,251 | $570,843 | $537,580 | — | — | — |
About Traverse City Center of Entrepreneurship
Based on IRS filings
Traverse City Center of Entrepreneurship is a public charity, based in Traverse City, MI. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $2.4M in total assets. In 2024, it awarded 4 grants totaling $95K. Net investment income was $54K.
Leadership & Key People
Officers and directors from IRS filings
Traverse City Center of Entrepreneurship is led by Eric Roberts, Executive Director Board Member since 2024 (on filings since 2021); 3 of 8 officers listed in 2024 are compensated.
Officers on the 2024 filing
Eric Roberts
Executive Director Board Member
Executive Director & Interim Treasurer → Executive Director, 2023
Executive Director → Executive Director Board Member, 2024
On filings since 2021
40 hrs/week
$36K (2021) → $73K (2024)
Craig Wesley
Executive Director
New on the 2024 filing
40 hrs/week
$26K (2024)
Lowell Grumen
Chair
Board Chair & Interim Secretary → Chairperson, 2023
Chairperson → Chair, 2024
On filings since 2021
1 hr/week
No compensation reported
Shiloh Slomsky
CFO & Tribal Liaison
New on the 2024 filing
40 hrs/week
$100K (2024)
Janie McNabb
Vice Chair
Board Member → Vice President, 2023
Vice President → Vice Chair, 2024
On filings since 2021
1 hr/week
No compensation reported
Greg Luyt
Secretary
Board Member → Secretary, 2023
On filings since 2022
1 hr/week
No compensation reported
Rebecca Teahen
Treasurer
Board Member → Treasurer, 2023
On filings since 2022
1 hr/week
No compensation reported
Ashley Sloat
Board Member
New on the 2024 filing
1 hr/week
No compensation reported
Former officers (10)
- Former: Brittany Vanderbeek (2023) — Director of Development & Community Engagement
- Former: Casey Cowell (2019–2022) — Board Member
- Former: Kris Rockwood (2019–2021) — President
- Former: Tim Heger (2019–2021) — Secretary
- Former: Barb Termaat (2019–2020) — Board Member
- Former: Jerry Miller (2019–2020) — President
- Former: John Di Giacomo (2019–2020) — Board Member
- Former: Lauren Bigelow (2020) — Executive Director
- Former: Andy Cole (2019) — Executive Director
- Former: Stephanie Coate (2019) — Community Manager
Data from IRS Form 990 filings, 2019–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $100K, to Shiloh Slomsky (CFO and Tribal Liaison). 3 officers or directors reported compensation on that filing.
Frequently asked questions about Traverse City Center of Entrepreneurship
How much does Traverse City Center of Entrepreneurship give each year?
Traverse City Center of Entrepreneurship gave $95K across 4 grants in 2024, according to its 2024 IRS Form 990.
What is Traverse City Center of Entrepreneurship's typical grant size?
Traverse City Center of Entrepreneurship's median grant in 2024 was $24,464, and its average grant was $23,678, across 4 grants on its 2024 IRS Form 990.
Where does Traverse City Center of Entrepreneurship give grants?
Traverse City Center of Entrepreneurship gives mostly in Michigan: 100% of the grant dollars itemized on its 2024 IRS Form 990 went to recipients there. The most frequent recipient cities were Trverse City, MI (2 grants).
Does Traverse City Center of Entrepreneurship give general operating support?
Not in 2024: none of the 4 grants with a stated purpose on Traverse City Center of Entrepreneurship's 2024 IRS Form 990 were described as general or operating support. Recurring purposes include "Subaward of SBSH" (4 grants).
How large is Traverse City Center of Entrepreneurship?
Traverse City Center of Entrepreneurship reported $2.4M in total assets on its 2024 IRS Form 990. Its revenue that year was $2.2M.
What is Traverse City Center of Entrepreneurship's EIN?
Traverse City Center of Entrepreneurship's EIN (Employer Identification Number) is 82-4116553. IRS Form 990 filing data is available on this page for 2019–2024.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Added Form 990 for fiscal year 2019 (received by the IRS December 4, 2020)
- Updated Form 990 for fiscal year 2024 (received by the IRS November 10, 2025)
- IRS filings on file for fiscal years 2020–2024
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