NATIONAL VENTURE CAPITAL ASSOCIATION: Form 990, tax year 2020
View the entire original 990 at ProPublica ↗
- Organization
- NATIONAL VENTURE CAPITAL ASSOCIATION (EIN 52-1296842)
- Tax period
- 2020-01-01 to 2020-12-31
- Filed
- 2021-11-10
- IRS object ID
- 202133149349301503
- Schema version
- 2020v4.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2021-11-10T07:52:17-06:00 | ReturnTs |
| Tax Period End | 2020-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 420714325 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RSM US LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2021 L STREET NW SUITE 400 | AddressLine1Txt |
| City | WASHINGTON | CityNm |
| State Abbreviation | DC | StateAbbreviationCd |
| ZIP | 20036 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2020-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 521296842 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NATIONAL VENTURE CAPITAL ASSOCIATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | NATI | BusinessNameControlTxt |
| Phone | 2028645920 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 25 MASSACHUSETTS AVE NW NO 730 | AddressLine1Txt |
| City | WASHINGTON | CityNm |
| State Abbreviation | DC | StateAbbreviationCd |
| ZIP | 200011430 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | BOBBY FRANKLIN | PersonNm |
| Person Title | PRESIDENT & CEO | PersonTitleTxt |
| Phone | 2028645920 | PhoneNum |
| Signature | 2021-11-09 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | BOBBY | PersonFirstNm |
| Person Last | FRANKLIN | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | XXX-XX-XXXX | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | ELIZABETH W HELLER | PreparerPersonNm |
| PTIN | P00397829 | PTIN |
| Phone | 2022932200 | PhoneNum |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 2 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2020 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990 IRS990
Doing Business As Name DoingBusinessAsName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NVCA | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | BOBBY FRANKLIN | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 25 MASSACHUSETTS AVE NW NO 730 | AddressLine1Txt |
| City | WASHINGTON | CityNm |
| State Abbreviation | DC | StateAbbreviationCd |
| ZIP | 200011430 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $6,236,139 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | WWW.NVCA.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1973 | FormationYr |
| Legal Domicile State | DC | LegalDomicileStateCd |
| Activity Or Mission | 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. | ActivityOrMissionDesc |
| Voting Members Governing Body | 33 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 33 | VotingMembersIndependentCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Total Volunteers | 41 | TotalVolunteersCnt |
| Total Gross UBI | $11,000 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $7,220 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $0 | PYContributionsGrantsAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $6,360,287 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $6,227,762 | CYProgramServiceRevenueAmt |
| PY Investment Income | $32,078 | PYInvestmentIncomeAmt |
| CY Investment Income | $7,977 | CYInvestmentIncomeAmt |
| PY Other Revenue | $105,328 | PYOtherRevenueAmt |
| CY Other Revenue | $400 | CYOtherRevenueAmt |
| PY Total Revenue | $6,497,693 | PYTotalRevenueAmt |
| CY Total Revenue | $6,236,139 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $10,000 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $250,000 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $3,340,069 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $4,000,127 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $2,598,178 | PYOtherExpensesAmt |
| CY Other Expenses | $1,620,034 | CYOtherExpensesAmt |
| PY Total Expenses | $5,948,247 | PYTotalExpensesAmt |
| CY Total Expenses | $5,870,161 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $549,446 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $365,978 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $6,331,655 | TotalAssetsBOYAmt |
| Total Assets EOY | $7,338,828 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $3,217,598 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $3,849,681 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $3,114,057 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $3,489,147 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | 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. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Desc | ADVOCACY & INDUSTRY INITIATIVES: NVCA WORKS WITH POLICYMAKERS, THE MEDIA, AND ORGANIZATIONS NATIONWIDE TO FOSTER AN UNDERSTANDING OF 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. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | 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. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | 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 OFFICIAL DATA 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. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Described In Section501c3 | 0 | DescribedInSection501c3Ind |
| Schedule B Required | 0 | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Subject To Proxy Tax | Yes (1) | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | 0 | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (1) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | Yes (1) | TransactionWithControlEntInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| Info In Schedule O Part V | Yes (X) | InfoInScheduleOPartVInd |
| IRP Document | 22 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 0 | EmployeeCnt |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | Yes (1) | NondeductibleContributionsInd |
| Nondeductible Contri Discl | Yes (1) | NondeductibleContriDisclInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | Yes (1) | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 33 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 33 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (1) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | 0 | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | 0 | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | 0 | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BOBBY FRANKLIN | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 2028645920 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 25 MASSACHUSETTS AVENUE STE 730 | AddressLine1Txt |
| City | WASHINGTON | CityNm |
| State Abbreviation | DC | StateAbbreviationCd |
| ZIP | 20001 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (47 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|
| ANDREW SCHWAB | ||||||||
| SECRETARY | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| BARRY EGGERS | ||||||||
| CHAIR (AS OF 6/20) | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| BRUCE BOOTH | ||||||||
| DIRECTOR (UNTIL 6/20) | 0.30 | Yes (X) | $0 | $0 | $0 | |||
| BYRON DEETER | ||||||||
| DIRECTOR (AS OF 6/20) | 0.30 | Yes (X) | $0 | $0 | $0 | |||
| CARMEN PALAFOX | ||||||||
| DIRECTOR (AS OF 6/20) | 0.30 | Yes (X) | $0 | $0 | $0 | |||
| CHARLES HUDSON | ||||||||
| DIRECTOR | 0.30 | Yes (X) | $0 | $0 | $0 | 0.30 | ||
| CHRIS GIRGENTI | ||||||||
| DIRECTOR | 0.30 | Yes (X) | $0 | $0 | $0 | |||
| DANA SETTLE | ||||||||
| DIRECTOR | 0.30 | Yes (X) | $0 | $0 | $0 | |||
| DAVID YORK | ||||||||
| DIRECTOR | 0.30 | Yes (X) | $0 | $0 | $0 | |||
| DENISE MARKS | ||||||||
| TREASURER | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| DIANE DAYCH | ||||||||
| DIRECTOR | 0.30 | Yes (X) | $0 | $0 | $0 | |||
| EMILY MELTON | ||||||||
| EXCOM AT-LARGE (AS OF 6/20) | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| GEORGE HOYEM | ||||||||
| DIRECTOR | 0.30 | Yes (X) | $0 | $0 | $0 | |||
| GILLIAN MUNSON | ||||||||
| DIRECTOR (AS OF 6/20) | 0.30 | Yes (X) | $0 | $0 | $0 | |||
| GLENN RIEGER | ||||||||
| DIRECTOR (UNTIL 6/20) | 0.30 | Yes (X) | $0 | $0 | $0 | |||
| GREG SANDS | ||||||||
| DIRECTOR (AS OF 6/20) | 0.30 | Yes (X) | $0 | $0 | $0 | |||
| JAN GARFINKLE | ||||||||
| CHAIR (UNTIL 6/20) | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| JENNIFER TEGAN | ||||||||
| DIRECTOR | 0.30 | Yes (X) | $0 | $0 | $0 | |||
| JILL JARRETT | ||||||||
| DIRECTOR (AS OF 6/20) | 0.30 | Yes (X) | $0 | $0 | $0 | |||
| JOHN SOMORJAI | ||||||||
| DIRECTOR | 0.30 | Yes (X) | $0 | $0 | $0 | |||
| JOSEPH HOROWITZ | ||||||||
| DIRECTOR | 0.30 | Yes (X) | $0 | $0 | $0 | |||
| KIRK NIELSEN | ||||||||
| DIRECTOR (AS OF 6/20) | 0.30 | Yes (X) | $0 | $0 | $0 | |||
| LISA LAMBERT | ||||||||
| DIRECTOR (UNTIL 6/20) | 0.30 | Yes (X) | $0 | $0 | $0 | |||
| MAHA IBRAHIM | ||||||||
| EXCOM AT-LARGE (UNTIL 6/20) | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| MARK KVAMME | ||||||||
| DIRECTOR (UNTIL 6/20) | 0.30 | Yes (X) | $0 | $0 | $0 | |||
| MICHAEL BROWN | ||||||||
| EXCOM CHAIR ELECT (AS OF 6/20) | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| MOHAMAD MAKHZOUMI | ||||||||
| EXCOM AT-LARGE (AS OF 6/20) | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| NAGRAJ KASHYAP | ||||||||
| DIRECTOR | 0.30 | Yes (X) | $0 | $0 | $0 | |||
| NICOLE WALKER | ||||||||
| DIRECTOR | 0.30 | Yes (X) | $0 | $0 | $0 | |||
| PATRICIA NAKACHE | ||||||||
| EXCOM AT-LARGE (AS OF 6/20) | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| PATRICK ENRIGHT | ||||||||
| DIRECTOR | 0.30 | Yes (X) | $0 | $0 | $0 | |||
| PETER CHUNG | ||||||||
| DIRECTOR (AS OF 6/20) | 0.30 | Yes (X) | $0 | $0 | $0 | |||
| PHIL SANDERSON | ||||||||
| DIRECTOR (UNTIL 6/20) | 0.30 | Yes (X) | $0 | $0 | $0 | |||
| RENATA QUINTINI | ||||||||
| DIRECTOR | 0.30 | Yes (X) | $0 | $0 | $0 | |||
| RICH WONG | ||||||||
| EXCOM AT-LARGE (UNTIL 6/20) | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| RYAN DRANT | ||||||||
| DIRECTOR | 0.30 | Yes (X) | $0 | $0 | $0 | |||
| SCOTT DORSEY | ||||||||
| DIRECTOR (AS OF 6/20) | 0.30 | Yes (X) | $0 | $0 | $0 | |||
| SCOTT RANEY | ||||||||
| DIRECTOR | 0.30 | Yes (X) | $0 | $0 | $0 | |||
| STEVE FREDRICK | ||||||||
| DIRECTOR | 0.30 | Yes (X) | $0 | $0 | $0 | |||
| VIC PARKER | ||||||||
| DIRECTOR | 0.30 | Yes (X) | $0 | $0 | $0 | |||
| WILL PRICE | ||||||||
| DIRECTOR | 0.30 | Yes (X) | $0 | $0 | $0 | |||
| BOBBY FRANKLIN | ||||||||
| PRESIDENT & CEO | 36.50 | Yes (X) | $1,050,336 | $0 | $37,085 | 1.00 | ||
| JEFFREY FARRAH | ||||||||
| GENERAL COUNSEL | 37.50 | $356,765 | $0 | $37,085 | Yes (X) | |||
| JUSTIN FIELD | ||||||||
| SVP, GOVERNMENT AFFAIRS | 37.50 | $359,168 | $0 | $14,250 | Yes (X) | |||
| MARYAM HAQUE | ||||||||
| SVP, INDUSTRY ADVANCEMENT | 15.50 | $358,240 | $0 | $14,250 | 22.00 | Yes (X) | ||
| STEPHANIE VOLK | ||||||||
| VP, DEVELOPMENT | 37.50 | $227,675 | $0 | $11,526 | Yes (X) | |||
| ALLYSON CHAPPELL | ||||||||
| DIRECTOR OF CONFERENCES AND EVENTS | 37.50 | $212,482 | $0 | $14,805 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $2,564,666 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $129,001 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 10 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (4 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| MEHLMAN CASTAGNETTI ROSEN &THOMAS | |||||
| 1341 G STREET NW SUITE 1100 | WASHINGTON | DC | 20005 | CONSULTING | $240,000 |
| CAPITOL TAX PARTNERS LLP | |||||
| 101 CONSTITUTION AVE NW SUITE 675 | WASHINGTON | DC | 20001 | PROFESSIONAL SERVICES | $240,000 |
| CORDIA PARTNERS | |||||
| 8330 BOONE BLVD SUITE 350 | VIENNA | VA | 22182 | ACCOUNTING | $127,513 |
| BORDERS LAW GROUP | |||||
| 1828 L STREET NW SUITE 280 | WASHINGTON | DC | 20036 | LEGAL | $120,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 4 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp (4 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | ExclusionExclusionAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|---|---|
| MEMBERSHIP DUES & ASSE | 900099 | $5,897,931 | $5,897,931 | ||
| SPONSOR INCOME | 900099 | $259,000 | $259,000 | ||
| CONFERENCES AND MEETIN | 900099 | $59,225 | $59,225 | ||
| PUBLICATION ADVERTISIN | 541800 | $11,606 | $606 | $11,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $6,227,762 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $7,977 | TotalRevenueColumnAmt |
| Exclusion | $7,977 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | JOB BOARD | Desc |
| Business | 900099 | BusinessCd |
| Total Revenue Column | $400 | TotalRevenueColumnAmt |
| Exclusion | $400 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $400 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $6,236,139 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $5,957,762 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $11,000 | UnrelatedBusinessRevenueAmt |
| Exclusion | $267,377 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $250,000 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,091,284 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,498,414 | TotalAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $93,594 | TotalAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $147,237 | TotalAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $169,598 | TotalAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $221,868 | TotalAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $154,997 | TotalAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $653,892 | TotalAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $98,966 | TotalAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $130,131 | TotalAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $61,745 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $443,125 | TotalAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $130,183 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $83,733 | TotalAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $25,449 | TotalAmt |
Other Expenses OtherExpensesGrp (3 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| DUES AND SUBSCRIPTIONS | $122,052 |
| MISCELLANEOUS EXPENSE | $102 |
| SHARED COSTS | -$506,209 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,870,161 | TotalAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,662,048 | BOYAmt |
| EOY | $3,434,925 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $103,335 | BOYAmt |
| EOY | $20,555 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $112,377 | BOYAmt |
| EOY | $179,975 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $671,054 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $392,179 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $328,538 | BOYAmt |
| EOY | $278,875 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,990,229 | BOYAmt |
| EOY | $3,087,490 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $135,128 | BOYAmt |
| EOY | $337,008 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,331,655 | BOYAmt |
| EOY | $7,338,828 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $377,854 | BOYAmt |
| EOY | $260,333 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,292,302 | BOYAmt |
| EOY | $3,105,891 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $547,442 | BOYAmt |
| EOY | $483,457 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,217,598 | BOYAmt |
| EOY | $3,849,681 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,114,057 | BOYAmt |
| EOY | $3,489,147 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,114,057 | BOYAmt |
| EOY | $3,489,147 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,331,655 | BOYAmt |
| EOY | $7,338,828 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $365,978 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $9,112 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantially All Dues Nonded | 0 | SubstantiallyAllDuesNondedInd |
| Only In House Lobbying | 0 | OnlyInHouseLobbyingInd |
| Agree Carryover Prior Year | Yes (1) | AgreeCarryoverPriorYearInd |
| Dues Assessments | $5,897,931 | DuesAssessmentsAmt |
| Non Deductible Lbbyng Pltcl CY | $2,617,171 | NonDeductibleLbbyngPltclCYAmt |
| Non Ded Lbbyng Pltcl Cyov | $113,851 | NonDedLbbyngPltclCyovAmt |
| Non Deductible Lbbyng Pltcl Tot | $2,731,022 | NonDeductibleLbbyngPltclTotAmt |
| Aggregate Reported Dues Ntc | $2,713,048 | AggregateReportedDuesNtcAmt |
| Carried Over | $17,974 | CarriedOverAmt |
Schedule D IRS990ScheduleD
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $409,942 | OtherCostOrOtherBasisAmt |
| Depreciation | $225,326 | DepreciationAmt |
| Book Value | $184,616 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $191,252 | OtherCostOrOtherBasisAmt |
| Depreciation | $112,517 | DepreciationAmt |
| Book Value | $78,735 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $69,860 | OtherCostOrOtherBasisAmt |
| Depreciation | $54,336 | DepreciationAmt |
| Book Value | $15,524 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $278,875 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | DEFERRED RENT PAYABLE | Desc |
| Amt | $483,457 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $483,457 | TotalLiabilityAmt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | 0 | GrantRecordsMaintainedInd |
Recipient Table RecipientTable
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | VENTURE CAPITAL FOUNDATION | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 25 MASSACHUSETTS AVENUE NW 730 | AddressLine1Txt |
| City | WASHINGTON | CityNm |
| State Abbreviation | DC | StateAbbreviationCd |
| ZIP | 20001 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient EIN | 474114024 | RecipientEIN |
| IRC Section | 501(C)3 | IRCSectionDesc |
| Cash Grant | $250,000 | CashGrantAmt |
| Purpose Of Grant | PROGRAM SUPPORT | PurposeOfGrantTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 1 | Total501c3OrgCnt |
| Total Other Org | 0 | TotalOtherOrgCnt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | Yes (1) | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (1) | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (6 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| BOBBY FRANKLIN | ||||||||||||||
| PRESIDENT & CEO | $735,916 | $0 | $254,420 | $0 | $60,000 | $0 | $14,250 | $0 | $26,698 | $0 | $1,091,284 | $0 | $0 | $0 |
| JEFFREY FARRAH | ||||||||||||||
| GENERAL COUNSEL | $289,765 | $0 | $67,000 | $0 | $0 | $0 | $14,250 | $0 | $22,959 | $0 | $393,974 | $0 | $0 | $0 |
| MARYAM HAQUE | ||||||||||||||
| SVP, INDUSTRY ADVANCEMENT | $293,240 | $0 | $65,000 | $0 | $0 | $0 | $14,250 | $0 | $8,926 | $0 | $381,416 | $0 | $0 | $0 |
| JUSTIN FIELD | ||||||||||||||
| SVP, GOVERNMENT AFFAIRS | $294,168 | $0 | $65,000 | $0 | $0 | $0 | $14,250 | $0 | $1,210 | $0 | $374,628 | $0 | $0 | $0 |
| STEPHANIE VOLK | ||||||||||||||
| VP, DEVELOPMENT | $189,675 | $0 | $38,000 | $0 | $0 | $0 | $11,526 | $0 | $985 | $0 | $240,186 | $0 | $0 | $0 |
| ALLYSON CHAPPELL | ||||||||||||||
| DIRECTOR OF CONFERENCES AND EVENTS | $109,522 | $0 | $0 | $0 | $102,960 | $0 | $4,802 | $0 | $10,003 | $0 | $227,287 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINES 4A-B | FormAndLineReferenceDesc |
| Explanation | BOBBY FRANKLIN PARTICIPATES IN A SECTION 457F SUPPLEMENTAL RETIREMENT PLAN. TOTAL CONTRIBUTIONS TO THE 457F PLAN FOR 2020 WERE $60,000. ALLYSON CHAPPELL RECEIVED SEVERANCE PAY OF $98,092. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (8 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| 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. TOTAL CASH PAYMENTS MADE TO INSPERITY IN 2020 WERE $3,716,845. |
| 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. TAX RETURN IS AVAILABLE TO THE PUBLIC UPON REQUEST. |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Exempt Code SectionExemptCodeSectionTxt | Public Charity StatusPublicCharityStatusTxt | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Controlled OrganizationControlledOrganizationInd |
|---|---|---|---|---|---|---|---|---|---|---|
| NATIONAL VENTURE CAPITAL ASSOC POLITICAL ACTION COMMITTEE | ||||||||||
| 25 MASSACHUSETTS AVENUE NW 730 | WASHINGTON | DC | 20001 | 521302883 | POLITICAL CAMPAIGN CONTRIBUTIONS | DC | 527 | N/A | NATIONAL VENTURE CAPITAL ASSOCIATION | Yes (1) |
| VENTURE CAPITAL FOUNDATION | ||||||||||
| 25 MASSACHUSETTS AVENUE NW 730 | WASHINGTON | DC | 20001 | 474114024 | EDUCATION | DC | 501(C)(3) | LINE 12A, I | NATIONAL VENTURE CAPITAL ASSOCIATION | Yes (1) |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | Yes (1) | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | Yes (1) | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | Yes (1) | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp
Other Organization Name OtherOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | VENTURE CAPITAL FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Transaction Type | B | TransactionTypeTxt |
| Involved | $250,000 | InvolvedAmt |
| Method Of Amount Determination | FMV | MethodOfAmountDeterminationTxt |
Comments