Venture North Funding and Development
Venture north's mission is to support the region's economic growth and community development efforts by providing funding options, offering technical assistance, and building connections for viable businesses, including low-to-moderate income opportunities.
Venture North Funding and Development at a glance
In short: Venture North Funding and Development reported $84K in grants paid in 2024 (a total; its filing lists no individual grants). Source: 2024 IRS Form 990.
- Grants paid (2024)
- $83,943 — reported as a total on the IRS filing, without an itemized list
- +12.4% vs 2023
- Total assets
- $7,638,410
- +3.5% vs 2023
- Revenue (2024)
- $1,178,560
- +19.3% vs 2023
- Net investment income (2024)
- $39,791
- +7.5% vs 2023
- Expenses (2024)
- $1,026,116
- +0.3% vs 2023
- Latest 990 filing
- Form 990, 2024 View filing
Data from IRS Form 990, 2024; updated September 2026.
Who Venture North Funding and Development funds
How this funder distributes its grants
Grant Size Distribution
7 grants across all recorded years
The most common grant size was under $50K: 7 grants of 7 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $8K (2020) to $84K (2024). In 2024 it reported $84K in grants paid, as a total without an itemized list.
Hatched bars: grants paid as reported on the IRS filing, which lists no individual grants for that year.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Brew LLC Traverse City, MI | Grant Awarded Through the Regional Resiliency Program. | $8,885 |
| Daisy Jane Leland, MI | Grant Awarded Through the Regional Resiliency Program. | $8,885 |
| Northern Hospitality LLC Traverse City, MI | Grant Awarded Through the Regional Resiliency Program. | $8,885 |
| Northpointe J&S LLC Traverse City, MI | Grant Awarded Through the Regional Resiliency Program. | $8,885 |
| Perrys Place TC LLC Traverse City, MI | Grant Awarded Through the Regional Resiliency Program | $8,885 |
| The Little Fleet Traverse City, MI | Grant Awarded Through the Regional Resiliency Program. | $8,885 |
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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 | $7,638,410 | $1,178,560 | $1,026,116 | $83,943 | Total only | $39,791 |
| 2023 | $7,381,749 | $987,877 | $1,023,065 | $74,671 | Total only | $37,002 |
| 2022 | $6,846,913 | $1,193,048 | $800,546 | $34,136 | Total only | $337 |
| 2021 | $6,401,052 | $1,349,702 | $1,249,564 | $53,310 | 6 | $894 |
| 2020 | $6,326,209 | $971,490 | $1,276,670 | $7,800 | 1 | $4,515 |
"Total only": grants paid as reported on the IRS filing, which lists no individual grants for that year.
About Venture North Funding and Development
Based on IRS filings
Venture North Funding and Development is a public charity, based in Traverse City, MI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $7.6M in total assets. In 2024, it reported $84K in grants paid as a total on its IRS filing, without an itemized list. Net investment income was $40K.
Leadership & Key People
Officers and directors from IRS filings
Venture North Funding and Development is led by Laura Galbraith, President on every filing since 2020; 1 of 15 officers listed in 2024 is compensated.
Officers on the 2024 filing
Laura Galbraith
President
On filings since 2020
60 hrs/week
$116K (2021) → $144K (2024)
Laura Reznich
Chair
Treasurer → Vice Chair, 2022
Vice Chair → Chair, 2023
On filings since 2020
1 hr/week
No compensation reported
Greg West
Director
On filings since 2020
1 hr/week
No compensation reported
Lauren Harris
Director
Director → Marketing Committee Chair, 2023
Marketing Committee Chair → Director, 2024
On filings since 2020
1 hr/week
No compensation reported
Sakura Takano
Director
On filings since 2020
1 hr/week
No compensation reported
Skip Simms
Director
Director → Loan Committee Chair, 2023
Loan Committee Chair → Director, 2024
On filings since 2020
1 hr/week
No compensation reported
Warren Call
Director
On filings since 2020
1 hr/week
No compensation reported
Andy Cole
Director
On filings since 2023
1 hr/week
No compensation reported
Chris Hackbarth
Director
On filings since 2023
1 hr/week
No compensation reported
Eric Gustad
Director
On filings since 2023
1 hr/week
No compensation reported
Louise Wenzel
Director
On filings since 2023
1 hr/week
No compensation reported
Mary Clulo
Director
On filings since 2023
1 hr/week
No compensation reported
Carla Gribbs
Immediate Past Chair
Vice Chair → Chair, 2022
Chair → Immediate Past Chair, 2023
On filings since 2020
1 hr/week
No compensation reported
Laura Trudeau
Secretary
Immediate Past Chair → Secretary, 2021
On filings since 2020
1 hr/week
No compensation reported
Bill Byrne
Treasurer
On filings since 2023
1 hr/week
No compensation reported
Former officers (4)
- Former: Alicia Maitland (2020–2022) — Director
- Former: Fred Turcotte (2020–2022) — Director
- Former: Todd Ciolek (2020–2022) — Director
- Former: Bob Brick (2020–2021) — Director
Data from IRS Form 990 filings, 2020–2024. "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 $144K, to Laura Galbraith (President).
Frequently asked questions about Venture North Funding and Development
How much does Venture North Funding and Development give each year?
Venture North Funding and Development reported $84K in grants paid in 2024 on its 2024 IRS Form 990, as a total without an itemized list of grants. In 2023 it reported $75K in grants paid.
How large is Venture North Funding and Development?
Venture North Funding and Development reported $7.6M in total assets on its 2024 IRS Form 990. Its revenue that year was $1.2M.
Where does Venture North Funding and Development operate?
Venture North Funding and Development has awarded grants in Michigan.
What is Venture North Funding and Development's EIN?
Venture North Funding and Development's EIN (Employer Identification Number) is 38-2857500. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS November 10, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS October 19, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS November 8, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS August 29, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS September 9, 2025)
- IRS filings on file for fiscal years 2020–2024
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The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open
Figures come from Venture North Funding and Development's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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