2024-11-08T05:20:39-06:00 2023-12-31 521446779 JOHNSON LAMBERT LLP 4242 SIX FORKS ROAD SUITE 1500 RALEIGH NC 27609 990 2023-01-01 521296842 NATIONAL VENTURE CAPITAL ASSOCIATION NATI 2028645920 200 MASSACHUSETTS AVE NW 520 WASHINGTON DC 20001 ROBERT BOBBY FRANKLIN PRESIDENT & CEO 2028645920 2024-11-07 1 0 J CALVIN MARKS P01226973 9197196400 2023 2024-10-15 13:58:12Z X NVCA ROBERT BOBBY FRANKLIN 200 MASSACHUSETTS AVE NW 520 WASHINGTON DC 20001 9323241 0 X WWW.NVCA.ORG X 1973 DC NVCA UNITES THE U.S. ENTREPRENEURIAL ECOSYSTEM TO SUPPORT THE FORMATION OF HIGH-GROWTH COMPANIES AND ENSURE THE U.S. REMAINS THE MOST COMPETITIVE ENVIRONMENT IN THE WORLD FOR ENTREPRENEURS AND INNOVATION. POWERED BY OUR MEMBERS, NVCA CONVENES VENTURE CAPITAL INVESTORS, ENTREPRENEURS, INDUSTRY PARTNERS AND OTHER ECOSYSTEM PARTICIPANTS TO SHAPE PUBLIC POLICY, DEVELOP AND LEAD INDUSTRY INITIATIVES, SPEARHEAD INDUSTRY RESEARCH, AND FACILITATE PROFESSIONAL DEVELOPMENT. 31 31 0 39 17647 13631 0 0 8450178 9000498 54127 256706 50961 5700 8555266 9262904 0 0 0 0 4158198 4057666 0 0 0 2856100 2932417 7014298 6990083 1540968 2272821 11509918 13745529 4820427 4646416 6689491 9099113 X NVCA UNITES THE U.S. ENTREPRENEURIAL ECOSYSTEM TO SUPPORT THE FORMATION OF HIGH-GROWTH COMPANIES AND ENSURE THE U.S. REMAINS THE MOST COMPETITIVE ENVIRONMENT IN THE WORLD FOR ENTREPRENEURS AND INNOVATION. POWERED BY OUR MEMBERS, NVCA CONVENES VENTURE CAPITAL INVESTORS, ENTREPRENEURS, INDUSTRY PARTNERS AND OTHER ECOSYSTEM PARTICIPANTS TO SHAPE PUBLIC POLICY, DEVELOP AND LEAD INDUSTRY INITIATIVES, SPEARHEAD INDUSTRY RESEARCH, AND FACILITATE PROFESSIONAL DEVELOPMENT. 0 0 ADVOCACY & INDUSTRY INITIATIVES: NVCA WORKS WITH POLICYMAKERS, THE MEDIA, AND ORGANIZATIONS NATIONWIDE TO FOSTER AN UNDERSTANDING OF THE THE OUTSIZED IMPACT VENTURE CAPITAL INVESTORS AND THE ENTREPRENEURS THEY SUPPORT HAVE ON THE ECONOMY, JOB CREATION, AND INNOVATION. NVCA'S POLICY PRIORITIES INCLUDE: TAX REFORM THAT ENCOURAGES NEW COMPANY FORMATION; LESSEN THE REGULATORY BURDEN ON VCS AND STARTUPS; IMMIGRATION POLICY THAT ATTRACTS AND RETAINS IMMIGRANT ENTREPRENEURS; TECHNOLOGY POLICY THAT SUPPORTS STARTUPS AND DISRUPTION; SUPPORT INVESTMENT INTO HEALTHCARE COMPANIES THAT IMPROVE LIVES; FACILITATE TECHNOLOGY TRANSFER AND INCREASE BASIC RESEARCH FUNDING; AND ADVOCACY FOR REFORMS TO ENCOURAGE MORE VENTURE-BACKED COMPANIES TO GO PUBLIC. IN ADDITION TO ITS PUBLIC POLICY PRIORITIES, NVCA SPEARHEADS A NUMBER OF CAMPAIGNS TO PROMOTE THE IMPORTANT ROLE OF VENTURE CAPITAL IN SUPPORTING ENTREPRENEURSHIP AND INNOVATION AND LEADS INDUSTRY INITIATIVES TO CREATE A MORE OPEN AND INCLUSIVE ECOSYSTEM. COMMUNITY & EDUCATION: NVCA MEMBERS ENGAGE WITH THEIR PEERS THROUGH EVENTS, PROFESSIONAL DEVELOPMENT, CONTINUING EDUCATION, AND PEER GROUPS. MEMBERS RECEIVE COMPLIMENTARY OR DISCOUNTED ACCESS TO OUR PREMIER ANNUAL EVENTS AND CONFERENCES, REGIONAL DINNERS AND NETWORKING EVENTS, AND WORKSHOPS ACROSS THE COUNTRY. THROUGH PEER GROUPS, NVCA MEMBERS ARE INVITED TO TACKLE CRITICAL ISSUES FACING THE INDUSTRY, LEAD ON INDUSTRY INITIATIVES, AND ACCESS PROFESSIONAL DEVELOPMENT AND NETWORKING OPPORTUNITIES. TO FURTHER THEIR CONTINUING EDUCATION AND PROFESSIONAL DEVELOPMENT, NVCA OFFERS ITS MEMBERS A FULL SUITE OF DIGITAL EDUCATION TOOLS AND IN-PERSON WORKSHOPS AND EVENTS THROUGHOUT THE YEAR. RESEARCH: NVCA'S RESEARCH FOCUSES ON SHARING DATA, PROVIDING INSIGHTS INTO INDUSTRY TRENDS, AND QUANTIFYING THE SIZE AND IMPACT OF THE ENTREPRENEURIAL ECOSYSTEM. NVCA COLLECTS, ANALYZES AND PUBLISHES DATA AND RESEARCH ON VENTURE CAPITAL ACTIVITY. PITCHBOOK IS THE OFFICIALDATA PROVIDER OF NVCA AND THROUGH THAT PARTNERSHIP, NVCA PRODUCES THE QUARTERLY PITCHBOOK-NVCA VENTURE MONITOR, THE DEFINITIVE QUARTERLY REVIEW OF THE U.S. VENTURE CAPITAL ECOSYSTEM AND TRENDS. IN ADDITION, NVCA USES PITCHBOOK DATA TO PRODUCE THE NVCA YEARBOOK, AN ANNUAL COMPREHENSIVE ANALYSIS OF U.S. VENTURE CAPITAL INDUSTRY STATISTICS AND REVIEW OF NVCA ACTIVITIES FROM THE PAST YEAR. 0 0 0 1 0 0 0 0 0 1 0 0 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 X 31 0 1 0 1 1 0 0 0 1 1 0 1 0 X 31 31 0 0 0 0 1 1 0 1 0 0 0 0 1 1 1 1 1 1 0 0 CA X ROBERT BOBBY FRANKLIN 2028645920 200 MASSACHUSETTS AVE NW 520 WASHINGTON DC 20001 ROBERT BOBBY FRANKLIN PRESIDENT & CEO 36.75 0.75 X 1285436 0 164837 MARYAM HAQUE EXECUTIVE DIRECTOR, VENTURE FORWARD 0.25 37.25 X 453583 0 26813 CHRISTINA MARTIN CHIEF OPERATING OFFICER 37.50 X 384379 0 21433 JUSTIN FIELD CHIEF STRATEGY OFFICER (TO SEP '23) 37.50 X 289600 0 15282 JASON VITA VICE PRESIDENT BUSINESS DEVELOPMENT 37.50 X 206929 0 20564 SHILOH TILLEMANN-DICK RESEARCH DIRECTOR 37.50 X 204814 0 20450 MICHELE SOLOMON SENIOR DIRECTOR, ADMINISTRATION 37.50 X 182299 0 19499 CHARLES HUDSON CHAIR 2.00 0.30 X X 0 0 0 EMILY MELTON CHAIR (TO MAY '23) 2.00 X X 0 0 0 BYRON DEETER CHAIR-ELECT 2.00 X X 0 0 0 VINEETA AGARWALA EXCOM AT-LARGE 2.00 X X 0 0 0 DANIEL LEVINE EXCOM AT-LARGE 2.00 X X 0 0 0 MOHAMAD MAKHZOUMI EXCOM AT-LARGE (TO MAY '23) 2.00 X X 0 0 0 DEENA SHAKIR EXCOM AT-LARGE 2.00 X X 0 0 0 JILL JARRETT TREASURER 2.00 X X 0 0 0 GREG SANDS SECRETARY 2.00 X X 0 0 0 MOLLY BONAKDARPOUR DIRECTOR (FROM MAY '23) 0.30 X 0 0 0 KRISTINA BUROW DIRECTOR 0.30 X 0 0 0 BEEZER CLARKSON DIRECTOR 0.30 X 0 0 0 GAVIN CHRISTENSEN DIRECTOR 0.30 X 0 0 0 PETER CHUNG DIRECTOR 0.30 X 0 0 0 DAVID DANIELSON DIRECTOR (FROM MAY '23) 0.30 X 0 0 0 DIANE DAYCH DIRECTOR (TO MAY '23) 0.30 X 0 0 0 SCOTT DORSEY DIRECTOR 0.30 X 0 0 0 RYAN DRANT DIRECTOR (TO MAY '23) 0.30 X 0 0 0 PATRICK ENRIGHT DIRECTOR (TO MAY '23) 0.30 X 0 0 0 SHAUNTEL GARVEY DIRECTOR (FROM MAY '23) 0.30 X 0 0 0 HILARY GOSHER DIRECTOR 0.30 X 0 0 0 KIRSTEN GREEN DIRECTOR 0.30 X 0 0 0 DAVID HALL DIRECTOR 0.30 X 0 0 0 MAMOON HAMID DIRECTOR 0.30 X 0 0 0 JACLYN FREEMAN HESTER DIRECTOR (FROM MAY '23) 0.30 X 0 0 0 JEREMY LIEW DIRECTOR (FROM MAY '23) 0.30 X 0 0 0 REBECCA LUCIA DIRECTOR (FROM MAY '23) 0.30 X 0 0 0 JOHN NEIS DIRECTOR (FROM MAY '23) 0.30 X 0 0 0 KIRK NIELSEN DIRECTOR 0.30 X 0 0 0 NDAMDI OKIKE DIRECTOR 0.30 X 0 0 0 CARMEN PALAFOX DIRECTOR 0.30 X 0 0 0 RENATA QUINTINI DIRECTOR (TO MAY '23) 0.30 X 0 0 0 SCOTT RANEY DIRECTOR (TO MAY '23) 0.30 X 0 0 0 DANA SETTLE DIRECTOR (TO MAY '23) 0.30 X 0 0 0 STEVE SOCOLOF DIRECTOR 0.30 X 0 0 0 ADAM VALKIN DIRECTOR 0.30 X 0 0 0 DON VIEIRA DIRECTOR 0.30 X 0 0 0 DAVID WACHTER DIRECTOR (FROM MAY '23) 0.30 X 0 0 0 NICK WASHBURN DIRECTOR 0.30 X 0 0 0 3007040 0 288878 12 0 1 0 CAPITOL TAX PARTNERS LLP 101 CONSTITUTION AVE NW STE 675 EAS WASHINGTON DC 20001 CONSULTING SERVICES 240000 MEHLMAN CASTAGNETTI ROSEN & THOMAS 1341 G ST NW STE 1100 WASHINGTON DC 20005 CONSULTING SERVICES 240000 GIBSON DUNN & CRUTCHER LLP 333 SOUTH GRAND AVE LOS ANGELES CA 90071 CONSULTING SERVICES 181474 PROSOURCING PARTNERS LLC 8330 BOONE BLVD STE 350 VIENNA VA 22182 ACCOUNTING SERVICES 139307 4 MEMBER DUES 900099 7751096 7751096 CONFERENCES & MEETINGS 900099 1231955 638455 593500 ONLINE PUB ADVERTISING 541800 17447 17447 9000498 257158 257158 59885 59779 558 106 -558 -452 -452 SUBLEASE 900099 5500 5500 JOB BOARD 541800 200 200 5700 9262904 8389551 17647 855706 1856085 1694636 88092 139876 278977 405700 174561 680002 46606 161073 77597 519048 138799 576020 73445 26553 DUES & SUBSCRIPTIONS 198428 UBI/DC FRANCHISE TAXES 1772 SHARED COSTS -155135 7948 6990083 352971 5406253 8432765 5547440 151035 174501 406097 311149 863295 579492 244118 283803 1922932 2022383 11509918 13745529 356096 384133 3195896 3356191 1268435 906092 4820427 4646416 X 6689491 9099113 6689491 9099113 11509918 13745529 2272821 136801 0 X 0 1 X 1 0 0 0 1 7751096 2284321 175273 2459594 3100438 -640844 416922 331459 85463 308249 173367 134882 138124 74666 63458 283803 DUE FROM AFFILIATE 1151491 ROU ASSET - OPERATING LEASES 585847 DEPOSIT - OFFICE SPACE 189698 DEFERRED COMPENSATION 457(F) ASSET 95347 2022383 LEASE LIABILITIES - OPERATING LEASES 810745 DEFERRED COMPENSATION LIABILITY 95347 906092 X X X X X 0 1 0 ROBERT BOBBY FRANKLIN PRESIDENT & CEO 959936 0 325500 0 0 0 106500 0 58337 0 1450273 0 0 0 MARYAM HAQUE EXECUTIVE DIRECTOR, VENTURE FORWARD 368583 0 85000 0 0 0 16500 0 10313 0 480396 0 0 0 CHRISTINA MARTIN CHIEF OPERATING OFFICER 319379 0 65000 0 0 0 13850 0 7583 0 405812 0 0 0 JUSTIN FIELD CHIEF STRATEGY OFFICER (TO SEP '23) 289600 0 0 0 0 0 14480 0 802 0 304882 0 0 0 JASON VITA VICE PRESIDENT BUSINESS DEVELOPMENT 171929 0 35000 0 0 0 10394 0 10170 0 227493 0 0 0 SHILOH TILLEMANN-DICK RESEARCH DIRECTOR 169814 0 35000 0 0 0 10288 0 10162 0 225264 0 0 0 MICHELE SOLOMON SENIOR DIRECTOR, ADMINISTRATION 147299 0 35000 0 0 0 9283 0 10216 0 201798 0 0 0 PART I, LINE 4B ROBERT "BOBBY" FRANKLIN PARTICIPATES IN A NONQUALIFIED DEFERRED COMPENSATION SUPPLEMENTAL RETIREMENT PLAN UNDER SECTION 457F OF THE IRC (THE "PLAN"). TOTAL CONTRIBUTIONS TO THE PLAN FOR 2023 WERE $90,000. FORM 990, PART V, LINE 2B: NVCA HAS A PROFESSIONAL EMPLOYER ORGANIZATION AGREEMENT WITH INSPERITY TO PROVIDE PERSONNEL, BENEFIT, AND ADMINISTRATIVE SERVICES FOR THE STAFF OF THE ORGANIZATION. NVCA DOES NOT DIRECTLY EMPLOY ITS PERSONNEL; ALL SUCH SERVICES ARE PROVIDED THROUGH THE INSPERITY CONTRACT. FORM 990, PART VI, SECTION A, LINE 6 THE NATIONAL VENTURE CAPITAL ASSOCIATION IS A TRADE ASSOCIATION CONSISTING OF DUES PAYING MEMBERS. MEMBERSHIP SHALL BE OPEN TO INDIVIDUALS, CORPORATIONS, PARTNERSHIPS, AND OTHER ENTITIES ACTIVELY ENGAGED IN VENTURE CAPITAL/PRIVATE EQUITY INVESTING IN THE UNITED STATES OF AMERICA AND WHOSE INTERESTS ARE ALIGNED WITH THOSE OF THE ASSOCIATION. FORM 990, PART VI, SECTION A, LINE 7A THE DIRECTORS SHALL BE ELECTED ANNUALLY BY MAJORITY VOTE OF THE TOTAL NUMBER OF MEMBERS VOTING. UPON ELECTION TO THE BOARD OF DIRECTORS, A MEMBER THEREOF SHALL HOLD OFFICE FOR A TERM OF FOUR YEARS, UNLESS A LESSER TERM IS SPECIFIED BY THE MEMBERSHIP, OR UNTIL HIS/HER SUCCESSOR IS ELECTED AND QUALIFIED. OFFICERS ARE SELECTED BY THE BOARD. THE ELECTED OFFICERS SHALL HOLD OFFICE UNTIL THE TERM OF THEIR RESPECTIVE SUCCESSORS BEGINS. FORM 990, PART VI, SECTION A, LINE 8B EXECUTIVE COMMITTEE MEETINGS ARE HELD VIA TELEPHONE AND ARE GENERALLY BRIEF. NO MINUTES OF THESE MEETINGS ARE KEPT. FORM 990, PART VI, SECTION B, LINE 11B DRAFT VERSIONS OF THE 990 TAX RETURNS ARE REVIEWED BY THE PRESIDENT AND CEO OF THE ORGANIZATION AND THEN FORWARDED TO THE TREASURER PRIOR TO FILING. THE TREASURER REPORTS TO THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C NVCA REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICY. ALL CONTRACTS GO THROUGH EXTENSIVE REVIEW PROCESS. ALL ACCOUNTS PAYABLE CHECKS ARE REVIEWED AND APPROVED BY EITHER THE PRESIDENT AND CEO OR THE DIRECTOR OF ADMINISTRATION BEFORE THEY ARE RELEASED. THE EXPENSE REPORTS OF THE PRESIDENT & CEO ARE REVIEWED MONTHLY BY THE TREASURER FOR REASONABLENESS. IF AN EMPLOYEE IS MADE AWARE OF A CONFLICT THEY ARE INSTRUCTED TO DISCLOSE THE SITUATION THOUGH THE PROPER CHAIN SO THAT APPROPRIATE ACTION MAY BE TAKEN. FORM 990, PART VI, SECTION B, LINE 15A THE COMPENSATION OF THE PRESIDENT AND CEO IS DETERMINED BY MEMBERS OF THE EXECUTIVE COMMITTEE EACH YEAR. THE SALARIES OF THE OTHER KEY EMPLOYEES ARE DETERMINED BY THE PRESIDENT UPON ANNUAL REVIEW. THE PROCESS FOR DETERMINING COMPENSATION IS DETERMINED BY REFERENCE TO CERTAIN INDUSTRY BENCHMARKS. FORM 990, PART VI, SECTION C, LINE 19 NVCA MAKES ITS GOVERNING DOCUMENTS, ALL WRITTEN POLICIES, AND ALL FINANCIAL STATEMENTS AVAILABLE TO BOARD MEMBERS. THE FOLLOWING ARE AVAILABLE TO MEMBERS AND STAFF: THE AUDITED FINANCIAL STATEMENTS, GOVERNING DOCUMENTS, AND ALL WRITTEN POLICIES. THE TAX RETURN IS AVAILABLE TO THE PUBLIC UPON REQUEST. THE VENTURE CAPITAL FOUNDATION DBA VENTURE FORWARD 200 MASSACHUSETTS AVE NW 520 WASHINGTON DC 20001 474114024 EDUCATION DC 501(C)(3) LINE 12A, I NATIONAL VENTURE CAPITAL ASSOCIATION 1 NATIONAL VENTURE CAPITAL ASSOCIATION POLITICAL ACTION COMMITTEE 200 MASSACHUSETTS AVE NW 520 WASHINGTON DC 20001 521302883 POLITICAL CAMPAIGN CONTRIBUTIONS DC 527 NATIONAL VENTURE CAPITAL ASSOCIATION 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 1 0 0 THE VENTURE CAPITAL FOUNDATION DBA VENTURE FORWARD O 911338 THE VENTURE CAPITAL FOUNDATION DBA VENTURE FORWARD Q 909933 THE VENTURE CAPITAL FOUNDATION DBA VENTURE FORWARD N 155135