Skip to content
Nonprofiteer
← MILESTONE GROWTH CAPITAL INSTITUTE

Form 990 for tax year 2024

Filed by MILESTONE GROWTH CAPITAL INSTITUTE.

What the amendment changed

Compared with the return it replaced , filed 12 November 2025. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Listed only on the earlier return

  • Nichole Washington

Listed only on the later return

  • Nicole Washington

Totals

Total revenue
$244,356
Total expenses
$174,711
Contributions and grants received
$283,811
Grants paid
$24,269
Program service revenue
$0
Investment income
$0
Other revenue
-$39,455
Total assets, end of year
$92,359
Total liabilities, end of year
$299
Net assets or fund balances, end of year
$92,060
Program services expenses (Part IX)
$127,833
Management and general expenses
$46,878
Fundraising expenses
$0
Program service expenses (Part III)
$127,833

Program services were 73.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $8,420

  • 1f · All other contributions, gifts and grants

    $275,391

  • 8a · Fundraising events: gross income

    $0

  • 8a · Fundraising events: contributions included on line 1c

    $8,420

  • 8b · Fundraising events: direct expenses

    $39,455

  • 8c · Net income from fundraising events

    total -$39,455 · excluded -$39,455

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $24,269 · program services $24,269

  • 5 · Compensation of officers, directors and key employees

    total $60,750 · program services $60,750

  • 11b · Fees: legal

    total $4,162 · management and general $4,162

  • 11c · Fees: accounting

    total $4,215 · management and general $4,215

  • 11g · Fees: other

    total $61,364 · program services $26,830 · management and general $34,534

  • 12 · Advertising and promotion

    total $655 · program services $655

  • 13 · Office expenses

    total $1,885 · program services $608 · management and general $1,277

  • 14 · Information technology

    total $6,046 · program services $4,232 · management and general $1,814

  • 17 · Travel

    total $2,986 · program services $2,986

  • 19 · Conferences, conventions and meetings

    total $175 · program services $175

  • 23 · Insurance

    total $876 · management and general $876

  • 24a · Other expenses: RESEARCHERS' STIPENDS

    total $4,000 · program services $4,000

  • 24b · Other expenses: PROGRAM FOOD

    total $3,328 · program services $3,328

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $22,714 · end of year $92,359

  • 25 · Other liabilities

    beginning of year $299 · end of year $299

  • 27 · Net assets without donor restrictions

    beginning of year $22,415 · end of year $92,060

Mission and programs · 2024

Mission

TO PROVIDE EDUCATION AND EXPOSURE TO ENTREPRENEURSHIP, ANGEL INVESTING, AND ALTERNATIVE FUNDING MODELS TO EMERGING ANGEL INVESTORS AND FOUNDERS, AS WELL AS TO SHARE RESEARCH WITH RELEVANT ECOSYSTEM STAKEHOLDERS AND THE PUBLIC

  • MILESTONE GROWTH CAPITAL INSTITUTE ("MGCI") ADVANCES ITS MISSION THROUGH EDUCATION, RESEARCH, AND COMMUNITY-BUILDING PROGRAMS THAT STRENGTHEN THE EARLY-STAGE ENTREPRENEURIAL ECOSYSTEM. DURING THE REPORTING YEAR, THE INSTITUTE OFFERED TWO MULTI-WEEK COHORT PROGRAMS FOR EMERGING INVESTORS AND FOUNDERS, WITH TRAINING ON CRITICAL BUSINESS MILESTONES, EARLY STAGE INVESTING, AND FUNDING OPTIONS. SEE SCHEDULE O FOR ADDITIONAL INFORMATION.MGCI'S DATA-DRIVEN RESEARCH GENERATED ACTIONABLE INSIGHTS TO INCREASE THE PLURALITY OF ECOSYSTEM PARTICIPANTS; THIS INCLUDED COMPLETING ONE MAJOR RESEARCH STUDY IN COLLABORATION WITH A LOCAL UNIVERSITY. THIS STUDY INCLUDED 55 IN-DEPTH INTERVIEWS WITH ENTREPRENEURIAL ECOSYSTEM STAKEHOLDERS. TO FOSTER MEANINGFUL CONNECTIONS AMONG ANGEL INVESTORS, MGCI HOSTED AN ANGEL FORUM, ENGAGING NEARLY 100 PARTICIPANTS. TOGETHER, THESE EFFORTS BUILD AND SUPPORT INNOVATION, DEEPEN KNOWLEDGE ABOUT NAVIGATING THE ENTREPRENEURIAL ECOSYSTEM, AND CONTRIBUTE TO BUILDING A MORE COLLABORATIVE ENTREPRENEURIAL COMMUNITY.

    Expenses $127,833 · Grants $24,269

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Dawn Batts

    PRESIDENT AND C.E.O.

    Total calculated
    $36,450
    From this org
    $36,450
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Anne Maghas

    CHIEF OPERATING OFFICER

    Total calculated
    $24,300
    From this org
    $24,300
    From related orgs
    $0
    Other
    $0
    Hours/week
    20

  • Nicole Washington

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

  • TOTAL REENTRY SOLUTIONS INC

    $8,000

    TO COMPLETE MILESTONES RELATED TO THE ORGANIZATION'S BUSINESS GROWTH

  • MY BEAUTY KIT LLC

    $8,000

    TO COMPLETE MILESTONES RELATED TO THE ORGANIZATION'S BUSINESS GROWTH

  • RIZZARR INC

    $8,000

    TO COMPLETE MILESTONES RELATED TO THE ORGANIZATION'S BUSINESS GROWTH

Provenance

Return type
form_990
Tax year
2024
Filed
12 December 2025
IRS schema version
2024v5.2
Source object
202523469349300517

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.