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

FieldValueIRS element (for citing)
Return2021-11-10T07:52:17-06:00ReturnTs
Tax Period End2020-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN420714325PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1RSM US LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line12021 L STREET NW SUITE 400AddressLine1Txt
CityWASHINGTONCityNm
State AbbreviationDCStateAbbreviationCd
ZIP20036ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2020-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN521296842EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1NATIONAL VENTURE CAPITAL ASSOCIATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlNATIBusinessNameControlTxt
Phone2028645920PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line125 MASSACHUSETTS AVE NW NO 730AddressLine1Txt
CityWASHINGTONCityNm
State AbbreviationDCStateAbbreviationCd
ZIP200011430ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonBOBBY FRANKLINPersonNm
Person TitlePRESIDENT & CEOPersonTitleTxt
Phone2028645920PhoneNum
Signature2021-11-09SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstBOBBYPersonFirstNm
Person LastFRANKLINPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonELIZABETH W HELLERPreparerPersonNm
PTINP00397829PTIN
Phone2022932200PhoneNum

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer2TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2020TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990 IRS990

Doing Business As Name DoingBusinessAsName

FieldValueIRS element (for citing)
Business Name Line1NVCABusinessNameLine1Txt
FieldValueIRS element (for citing)
Principal OfficerBOBBY FRANKLINPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line125 MASSACHUSETTS AVE NW NO 730AddressLine1Txt
CityWASHINGTONCityNm
State AbbreviationDCStateAbbreviationCd
ZIP200011430ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$6,236,139GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501cYes (X)Organization501cInd
Website AddressWWW.NVCA.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1973FormationYr
Legal Domicile StateDCLegalDomicileStateCd
Activity Or MissionNVCA 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 Body33VotingMembersGoverningBodyCnt
Voting Members Independent33VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers41TotalVolunteersCnt
Total Gross UBI$11,000TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$7,220NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$0PYContributionsGrantsAmt
CY Contributions Grants$0CYContributionsGrantsAmt
PY Program Service Revenue$6,360,287PYProgramServiceRevenueAmt
CY Program Service Revenue$6,227,762CYProgramServiceRevenueAmt
PY Investment Income$32,078PYInvestmentIncomeAmt
CY Investment Income$7,977CYInvestmentIncomeAmt
PY Other Revenue$105,328PYOtherRevenueAmt
CY Other Revenue$400CYOtherRevenueAmt
PY Total Revenue$6,497,693PYTotalRevenueAmt
CY Total Revenue$6,236,139CYTotalRevenueAmt
PY Grants And Similar Paid$10,000PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$250,000CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$3,340,069PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$4,000,127CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$2,598,178PYOtherExpensesAmt
CY Other Expenses$1,620,034CYOtherExpensesAmt
PY Total Expenses$5,948,247PYTotalExpensesAmt
CY Total Expenses$5,870,161CYTotalExpensesAmt
PY Revenues Less Expenses$549,446PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$365,978CYRevenuesLessExpensesAmt
Total Assets BOY$6,331,655TotalAssetsBOYAmt
Total Assets EOY$7,338,828TotalAssetsEOYAmt
Total Liabilities BOY$3,217,598TotalLiabilitiesBOYAmt
Total Liabilities EOY$3,849,681TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$3,114,057NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$3,489,147NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionNVCA 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 Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
DescADVOCACY & 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

FieldValueIRS element (for citing)
DescCOMMUNITY & 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

FieldValueIRS element (for citing)
DescRESEARCH: 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
FieldValueIRS element (for citing)
Described In Section501c30DescribedInSection501c3Ind
Schedule B Required0ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Subject To Proxy TaxYes (1)SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 Footnote0IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (1)ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To OrganizationsYes (1)GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl EntYes (1)RelatedOrganizationCtrlEntInd
Transaction With Control EntYes (1)TransactionWithControlEntInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
Info In Schedule O Part VYes (X)InfoInScheduleOPartVInd
IRP Document22IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee0EmployeeCnt
Unrelated Bus Incm Over LimitYes (1)UnrelatedBusIncmOverLimitInd
Form990 T FiledYes (1)Form990TFiledInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible ContributionsYes (1)NondeductibleContributionsInd
Nondeductible Contri DisclYes (1)NondeductibleContriDisclInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht PymtYes (1)SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members33GoverningBodyVotingMembersCnt
Independent Voting Member33IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or StockholdersYes (1)MembersOrStockholdersInd
Election Of Board MembersYes (1)ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of Committees0MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn Body0Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1BOBBY FRANKLINBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone2028645920PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line125 MASSACHUSETTS AVENUE STE 730AddressLine1Txt
CityWASHINGTONCityNm
State AbbreviationDCStateAbbreviationCd
ZIP20001ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (47 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtHighest Compensated EmployeeHighestCompensatedEmployeeInd
ANDREW SCHWAB
SECRETARY2.00Yes (X)Yes (X)$0$0$0
BARRY EGGERS
CHAIR (AS OF 6/20)2.00Yes (X)Yes (X)$0$0$0
BRUCE BOOTH
DIRECTOR (UNTIL 6/20)0.30Yes (X)$0$0$0
BYRON DEETER
DIRECTOR (AS OF 6/20)0.30Yes (X)$0$0$0
CARMEN PALAFOX
DIRECTOR (AS OF 6/20)0.30Yes (X)$0$0$0
CHARLES HUDSON
DIRECTOR0.30Yes (X)$0$0$00.30
CHRIS GIRGENTI
DIRECTOR0.30Yes (X)$0$0$0
DANA SETTLE
DIRECTOR0.30Yes (X)$0$0$0
DAVID YORK
DIRECTOR0.30Yes (X)$0$0$0
DENISE MARKS
TREASURER2.00Yes (X)Yes (X)$0$0$0
DIANE DAYCH
DIRECTOR0.30Yes (X)$0$0$0
EMILY MELTON
EXCOM AT-LARGE (AS OF 6/20)2.00Yes (X)Yes (X)$0$0$0
GEORGE HOYEM
DIRECTOR0.30Yes (X)$0$0$0
GILLIAN MUNSON
DIRECTOR (AS OF 6/20)0.30Yes (X)$0$0$0
GLENN RIEGER
DIRECTOR (UNTIL 6/20)0.30Yes (X)$0$0$0
GREG SANDS
DIRECTOR (AS OF 6/20)0.30Yes (X)$0$0$0
JAN GARFINKLE
CHAIR (UNTIL 6/20)2.00Yes (X)Yes (X)$0$0$0
JENNIFER TEGAN
DIRECTOR0.30Yes (X)$0$0$0
JILL JARRETT
DIRECTOR (AS OF 6/20)0.30Yes (X)$0$0$0
JOHN SOMORJAI
DIRECTOR0.30Yes (X)$0$0$0
JOSEPH HOROWITZ
DIRECTOR0.30Yes (X)$0$0$0
KIRK NIELSEN
DIRECTOR (AS OF 6/20)0.30Yes (X)$0$0$0
LISA LAMBERT
DIRECTOR (UNTIL 6/20)0.30Yes (X)$0$0$0
MAHA IBRAHIM
EXCOM AT-LARGE (UNTIL 6/20)2.00Yes (X)Yes (X)$0$0$0
MARK KVAMME
DIRECTOR (UNTIL 6/20)0.30Yes (X)$0$0$0
MICHAEL BROWN
EXCOM CHAIR ELECT (AS OF 6/20)2.00Yes (X)Yes (X)$0$0$0
MOHAMAD MAKHZOUMI
EXCOM AT-LARGE (AS OF 6/20)2.00Yes (X)Yes (X)$0$0$0
NAGRAJ KASHYAP
DIRECTOR0.30Yes (X)$0$0$0
NICOLE WALKER
DIRECTOR0.30Yes (X)$0$0$0
PATRICIA NAKACHE
EXCOM AT-LARGE (AS OF 6/20)2.00Yes (X)Yes (X)$0$0$0
PATRICK ENRIGHT
DIRECTOR0.30Yes (X)$0$0$0
PETER CHUNG
DIRECTOR (AS OF 6/20)0.30Yes (X)$0$0$0
PHIL SANDERSON
DIRECTOR (UNTIL 6/20)0.30Yes (X)$0$0$0
RENATA QUINTINI
DIRECTOR0.30Yes (X)$0$0$0
RICH WONG
EXCOM AT-LARGE (UNTIL 6/20)2.00Yes (X)Yes (X)$0$0$0
RYAN DRANT
DIRECTOR0.30Yes (X)$0$0$0
SCOTT DORSEY
DIRECTOR (AS OF 6/20)0.30Yes (X)$0$0$0
SCOTT RANEY
DIRECTOR0.30Yes (X)$0$0$0
STEVE FREDRICK
DIRECTOR0.30Yes (X)$0$0$0
VIC PARKER
DIRECTOR0.30Yes (X)$0$0$0
WILL PRICE
DIRECTOR0.30Yes (X)$0$0$0
BOBBY FRANKLIN
PRESIDENT & CEO36.50Yes (X)$1,050,336$0$37,0851.00
JEFFREY FARRAH
GENERAL COUNSEL37.50$356,765$0$37,085Yes (X)
JUSTIN FIELD
SVP, GOVERNMENT AFFAIRS37.50$359,168$0$14,250Yes (X)
MARYAM HAQUE
SVP, INDUSTRY ADVANCEMENT15.50$358,240$0$14,25022.00Yes (X)
STEPHANIE VOLK
VP, DEVELOPMENT37.50$227,675$0$11,526Yes (X)
ALLYSON CHAPPELL
DIRECTOR OF CONFERENCES AND EVENTS37.50$212,482$0$14,805Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$2,564,666TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$129,001TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K10IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (4 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
MEHLMAN CASTAGNETTI ROSEN &THOMAS
1341 G STREET NW SUITE 1100WASHINGTONDC20005CONSULTING$240,000
CAPITOL TAX PARTNERS LLP
101 CONSTITUTION AVE NW SUITE 675WASHINGTONDC20001PROFESSIONAL SERVICES$240,000
CORDIA PARTNERS
8330 BOONE BLVD SUITE 350VIENNAVA22182ACCOUNTING$127,513
BORDERS LAW GROUP
1828 L STREET NW SUITE 280WASHINGTONDC20036LEGAL$120,000
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K4CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp (4 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmtExclusionExclusionAmtUnrelated Business RevenueUnrelatedBusinessRevenueAmt
MEMBERSHIP DUES & ASSE900099$5,897,931$5,897,931
SPONSOR INCOME900099$259,000$259,000
CONFERENCES AND MEETIN900099$59,225$59,225
PUBLICATION ADVERTISIN541800$11,606$606$11,000
FieldValueIRS element (for citing)
Total Program Service Revenue$6,227,762TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$7,977TotalRevenueColumnAmt
Exclusion$7,977ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescJOB BOARDDesc
Business900099BusinessCd
Total Revenue Column$400TotalRevenueColumnAmt
Exclusion$400ExclusionAmt
FieldValueIRS element (for citing)
Other Revenue Total$400OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$6,236,139TotalRevenueColumnAmt
Related Or Exempt Func Income$5,957,762RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$11,000UnrelatedBusinessRevenueAmt
Exclusion$267,377ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$250,000TotalAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$1,091,284TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$2,498,414TotalAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$93,594TotalAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$147,237TotalAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$169,598TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$221,868TotalAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$154,997TotalAmt

Fees For Services Lobbying FeesForServicesLobbyingGrp

FieldValueIRS element (for citing)
Total$653,892TotalAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$98,966TotalAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$130,131TotalAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$61,745TotalAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$443,125TotalAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$130,183TotalAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$83,733TotalAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$25,449TotalAmt

Other Expenses OtherExpensesGrp (3 entries)

DescDescTotalTotalAmt
DUES AND SUBSCRIPTIONS$122,052
MISCELLANEOUS EXPENSE$102
SHARED COSTS-$506,209

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$5,870,161TotalAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$2,662,048BOYAmt
EOY$3,434,925EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$103,335BOYAmt
EOY$20,555EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$112,377BOYAmt
EOY$179,975EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$671,054LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$392,179LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$328,538BOYAmt
EOY$278,875EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$2,990,229BOYAmt
EOY$3,087,490EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$135,128BOYAmt
EOY$337,008EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$6,331,655BOYAmt
EOY$7,338,828EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$377,854BOYAmt
EOY$260,333EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$2,292,302BOYAmt
EOY$3,105,891EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$547,442BOYAmt
EOY$483,457EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$3,217,598BOYAmt
EOY$3,849,681EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$3,114,057BOYAmt
EOY$3,489,147EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$3,114,057BOYAmt
EOY$3,489,147EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$6,331,655BOYAmt
EOY$7,338,828EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$365,978ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$9,112NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Consolidated Basis Fincl StmtYes (X)ConsolidatedBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule C IRS990ScheduleC

FieldValueIRS element (for citing)
Substantially All Dues Nonded0SubstantiallyAllDuesNondedInd
Only In House Lobbying0OnlyInHouseLobbyingInd
Agree Carryover Prior YearYes (1)AgreeCarryoverPriorYearInd
Dues Assessments$5,897,931DuesAssessmentsAmt
Non Deductible Lbbyng Pltcl CY$2,617,171NonDeductibleLbbyngPltclCYAmt
Non Ded Lbbyng Pltcl Cyov$113,851NonDedLbbyngPltclCyovAmt
Non Deductible Lbbyng Pltcl Tot$2,731,022NonDeductibleLbbyngPltclTotAmt
Aggregate Reported Dues Ntc$2,713,048AggregateReportedDuesNtcAmt
Carried Over$17,974CarriedOverAmt

Schedule D IRS990ScheduleD

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$409,942OtherCostOrOtherBasisAmt
Depreciation$225,326DepreciationAmt
Book Value$184,616BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$191,252OtherCostOrOtherBasisAmt
Depreciation$112,517DepreciationAmt
Book Value$78,735BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$69,860OtherCostOrOtherBasisAmt
Depreciation$54,336DepreciationAmt
Book Value$15,524BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$278,875TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescDEFERRED RENT PAYABLEDesc
Amt$483,457Amt
FieldValueIRS element (for citing)
Total Liability$483,457TotalLiabilityAmt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records Maintained0GrantRecordsMaintainedInd

Recipient Table RecipientTable

Recipient Business Name RecipientBusinessName

FieldValueIRS element (for citing)
Business Name Line1VENTURE CAPITAL FOUNDATIONBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line125 MASSACHUSETTS AVENUE NW 730AddressLine1Txt
CityWASHINGTONCityNm
State AbbreviationDCStateAbbreviationCd
ZIP20001ZIPCd
FieldValueIRS element (for citing)
Recipient EIN474114024RecipientEIN
IRC Section501(C)3IRCSectionDesc
Cash Grant$250,000CashGrantAmt
Purpose Of GrantPROGRAM SUPPORTPurposeOfGrantTxt
FieldValueIRS element (for citing)
Total501c3 Org1Total501c3OrgCnt
Total Other Org0TotalOtherOrgCnt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance PaymentYes (1)SeverancePaymentInd
Supplemental Nonqual Rtr PlanYes (1)SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (6 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp 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

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINES 4A-BFormAndLineReferenceDesc
ExplanationBOBBY 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 ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART V, LINE 2BNVCA 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 6THE 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 7ATHE 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 8BEXECUTIVE COMMITTEE MEETINGS ARE HELD VIA TELEPHONE AND ARE GENERALLY BRIEF. NO MINUTES OF THESE MEETINGS ARE KEPT.
FORM 990, PART VI, SECTION B, LINE 11BDRAFT 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 12CNVCA 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 15ATHE 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 19NVCA 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/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdExempt Code SectionExemptCodeSectionTxtPublic Charity StatusPublicCharityStatusTxtBusiness Name Line1DirectControllingEntityName/BusinessNameLine1TxtControlled OrganizationControlledOrganizationInd
NATIONAL VENTURE CAPITAL ASSOC POLITICAL ACTION COMMITTEE
25 MASSACHUSETTS AVENUE NW 730WASHINGTONDC20001521302883POLITICAL CAMPAIGN CONTRIBUTIONSDC527N/ANATIONAL VENTURE CAPITAL ASSOCIATIONYes (1)
VENTURE CAPITAL FOUNDATION
25 MASSACHUSETTS AVENUE NW 730WASHINGTONDC20001474114024EDUCATIONDC501(C)(3)LINE 12A, INATIONAL VENTURE CAPITAL ASSOCIATIONYes (1)
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth OrgYes (1)GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org0GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org0LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth OrgYes (1)PerformOfServicesForOthOrgInd
Perform Of Services By Other Org0PerformOfServicesByOtherOrgInd
Sharing Of Facilities0SharingOfFacilitiesInd
Paid Employees SharingYes (1)PaidEmployeesSharingInd
Reimbursement Paid To Other Org0ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp

Other Organization Name OtherOrganizationName

FieldValueIRS element (for citing)
Business Name Line1VENTURE CAPITAL FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Transaction TypeBTransactionTypeTxt
Involved$250,000InvolvedAmt
Method Of Amount DeterminationFMVMethodOfAmountDeterminationTxt

Comments

Anonymous: no account or email. Up to 2,000 characters, at most one link. Comments are checked automatically; some wait for review.