EIN 27-3157523

Michigan Israel Business Accelerator Foundation

IRS 501(c) type
501(c)(3)
Num. employees
0
Year formed
2010
Most recent tax filings
2022-12-01
NTEE code, primary
Description
The Michigan Israel Business Accelerator Foundation, a non-profit organization under Section 501(c)(3) of the Internal Revenue Code, promotes commerce and industry between Israel and Michigan. Since establishment, Mibaf has worked to advance Michigan's innovation ecosystem through one Israeli connection at a time. In 2022, Mibaf and its affiliated organization, the Michigan Israel Business Accelerator (Miba), supported over 400 companies, fostering 201 connects, 1,006 connections, and 23 successful collaborations while continuing to advance working relationships.
Related structure
Michigan Israel Business Accelerator Foundation is a subordinate organization under Michigan Israel Business Accelerator.
Also known as...
The Mibb Educational Foundation
Total revenues
$556,601
2022
Total expenses
$405,973
2022
Total assets
$1,350,588
2022
Num. employees
0
2022

Program areas at Michigan Israel Business Accelerator Foundation

During 2022, mibaf and its affiliated organization, the Michigan Israel Business Accelerator ("miba"), supported over 400 companies, fostering 201 connects, 1,006 connections, and 23 successful collaborations. Mibaf and miba continued advancing working relationships with economic development entities across the state of Michigan and in Israel through Business connections, trade missions, and multiple virtual and in-person community engagement events designed to promote a better understanding of the Business opportunities between Michigan and Israel.

Who funds Michigan Israel Business Accelerator Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
William Davidson FoundationGeneral Operating Support$150,000
National Philanthropic TrustPublic, Societal Benefit$75,000
Consumers Energy FoundationThe Michigan Israel Business Accelerator Foundation$25,000
...and 2 more grants received

Personnel at Michigan Israel Business Accelerator Foundation

NameTitleCompensation
Scott HiipakkaChief Executive Officer$0
Beth ChappellSecretary$0
Mark DavidoffChair$0
Mike DergisTreasurer$0
Sandy SelingerExecutive Director
...and 3 more key personnel

Financials for Michigan Israel Business Accelerator Foundation

RevenuesFYE 12/2022
Total grants, contributions, etc.$403,260
Program services$131,123
Investment income and dividends$761
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$21,457
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$556,601

Form 990s for Michigan Israel Business Accelerator Foundation

Fiscal year endingDate received by IRSFormPDF link
2022-122023-07-21990View PDF
2021-122022-08-24990View PDF
2020-122021-11-03990View PDF
2019-122021-02-18990View PDF
2018-122020-01-15990View PDF
...and 2 more Form 990s
Data update history
December 29, 2023
Received grants
Identified 1 new grant, including a grant for $25,000 from Consumers Energy Foundation
August 25, 2023
Posted financials
Added Form 990 for fiscal year 2022
June 10, 2023
Posted financials
Added Form 990 for fiscal year 2021
May 22, 2023
Received grants
Identified 2 new grant, including a grant for $200,000 from William Davidson Foundation
July 9, 2022
Used new vendors
Identified 3 new vendors, including , , and
Nonprofit Types
Grantmaking organizationsBusiness and community development organizationsChapter / child organizationsCharities
Issues
Business and industry
Characteristics
Fundraising eventsState / local levelTax deductible donationsNo full-time employees
General information
Address
407 E Fort St 205
Detroit, MI 48226
Metro area
Detroit-Warren-Dearborn, MI
Website URL
michiganisrael.com/ 
Phone
(248) 303-4618
IRS details
EIN
27-3157523
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2010
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S40: Business and Industry
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Subordinate organization
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