2021-11-10T07:52:17-06:00 2020-12-31 420714325 RSM US LLP 2021 L STREET NW SUITE 400 WASHINGTON DC 20036 990 2020-01-01 521296842 NATIONAL VENTURE CAPITAL ASSOCIATION NATI 2028645920 25 MASSACHUSETTS AVE NW NO 730 WASHINGTON DC 200011430 BOBBY FRANKLIN PRESIDENT & CEO 2028645920 2021-11-09 1 BOBBY FRANKLIN XXX-XX-XXXX ELIZABETH W HELLER P00397829 2022932200 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z NVCA BOBBY FRANKLIN 25 MASSACHUSETTS AVE NW NO 730 WASHINGTON DC 200011430 6236139 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. 33 33 0 41 11000 7220 0 0 6360287 6227762 32078 7977 105328 400 6497693 6236139 10000 250000 0 0 3340069 4000127 0 0 0 2598178 1620034 5948247 5870161 549446 365978 6331655 7338828 3217598 3849681 3114057 3489147 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 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 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. 0 0 0 1 0 0 0 0 0 1 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 X 22 0 1 0 1 1 0 0 0 1 1 0 1 0 X 33 33 0 0 0 0 1 1 0 1 0 0 0 0 1 1 1 1 1 1 0 0 X BOBBY FRANKLIN 2028645920 25 MASSACHUSETTS AVENUE STE 730 WASHINGTON DC 20001 ANDREW SCHWAB SECRETARY 2.00 X X 0 0 0 BARRY EGGERS CHAIR (AS OF 6/20) 2.00 X X 0 0 0 BRUCE BOOTH DIRECTOR (UNTIL 6/20) 0.30 X 0 0 0 BYRON DEETER DIRECTOR (AS OF 6/20) 0.30 X 0 0 0 CARMEN PALAFOX DIRECTOR (AS OF 6/20) 0.30 X 0 0 0 CHARLES HUDSON DIRECTOR 0.30 0.30 X 0 0 0 CHRIS GIRGENTI DIRECTOR 0.30 X 0 0 0 DANA SETTLE DIRECTOR 0.30 X 0 0 0 DAVID YORK DIRECTOR 0.30 X 0 0 0 DENISE MARKS TREASURER 2.00 X X 0 0 0 DIANE DAYCH DIRECTOR 0.30 X 0 0 0 EMILY MELTON EXCOM AT-LARGE (AS OF 6/20) 2.00 X X 0 0 0 GEORGE HOYEM DIRECTOR 0.30 X 0 0 0 GILLIAN MUNSON DIRECTOR (AS OF 6/20) 0.30 X 0 0 0 GLENN RIEGER DIRECTOR (UNTIL 6/20) 0.30 X 0 0 0 GREG SANDS DIRECTOR (AS OF 6/20) 0.30 X 0 0 0 JAN GARFINKLE CHAIR (UNTIL 6/20) 2.00 X X 0 0 0 JENNIFER TEGAN DIRECTOR 0.30 X 0 0 0 JILL JARRETT DIRECTOR (AS OF 6/20) 0.30 X 0 0 0 JOHN SOMORJAI DIRECTOR 0.30 X 0 0 0 JOSEPH HOROWITZ DIRECTOR 0.30 X 0 0 0 KIRK NIELSEN DIRECTOR (AS OF 6/20) 0.30 X 0 0 0 LISA LAMBERT DIRECTOR (UNTIL 6/20) 0.30 X 0 0 0 MAHA IBRAHIM EXCOM AT-LARGE (UNTIL 6/20) 2.00 X X 0 0 0 MARK KVAMME DIRECTOR (UNTIL 6/20) 0.30 X 0 0 0 MICHAEL BROWN EXCOM CHAIR ELECT (AS OF 6/20) 2.00 X X 0 0 0 MOHAMAD MAKHZOUMI EXCOM AT-LARGE (AS OF 6/20) 2.00 X X 0 0 0 NAGRAJ KASHYAP DIRECTOR 0.30 X 0 0 0 NICOLE WALKER DIRECTOR 0.30 X 0 0 0 PATRICIA NAKACHE EXCOM AT-LARGE (AS OF 6/20) 2.00 X X 0 0 0 PATRICK ENRIGHT DIRECTOR 0.30 X 0 0 0 PETER CHUNG DIRECTOR (AS OF 6/20) 0.30 X 0 0 0 PHIL SANDERSON DIRECTOR (UNTIL 6/20) 0.30 X 0 0 0 RENATA QUINTINI DIRECTOR 0.30 X 0 0 0 RICH WONG EXCOM AT-LARGE (UNTIL 6/20) 2.00 X X 0 0 0 RYAN DRANT DIRECTOR 0.30 X 0 0 0 SCOTT DORSEY DIRECTOR (AS OF 6/20) 0.30 X 0 0 0 SCOTT RANEY DIRECTOR 0.30 X 0 0 0 STEVE FREDRICK DIRECTOR 0.30 X 0 0 0 VIC PARKER DIRECTOR 0.30 X 0 0 0 WILL PRICE DIRECTOR 0.30 X 0 0 0 BOBBY FRANKLIN PRESIDENT & CEO 36.50 1.00 X 1050336 0 37085 JEFFREY FARRAH GENERAL COUNSEL 37.50 X 356765 0 37085 JUSTIN FIELD SVP, GOVERNMENT AFFAIRS 37.50 X 359168 0 14250 MARYAM HAQUE SVP, INDUSTRY ADVANCEMENT 15.50 22.00 X 358240 0 14250 STEPHANIE VOLK VP, DEVELOPMENT 37.50 X 227675 0 11526 ALLYSON CHAPPELL DIRECTOR OF CONFERENCES AND EVENTS 37.50 X 212482 0 14805 2564666 0 129001 10 0 1 0 MEHLMAN CASTAGNETTI ROSEN &THOMAS 1341 G STREET NW SUITE 1100 WASHINGTON DC 20005 CONSULTING 240000 CAPITOL TAX PARTNERS LLP 101 CONSTITUTION AVE NW SUITE 675 WASHINGTON DC 20001 PROFESSIONAL SERVICES 240000 CORDIA PARTNERS 8330 BOONE BLVD SUITE 350 VIENNA VA 22182 ACCOUNTING 127513 BORDERS LAW GROUP 1828 L STREET NW SUITE 280 WASHINGTON DC 20036 LEGAL 120000 4 MEMBERSHIP DUES & ASSE 900099 5897931 5897931 SPONSOR INCOME 900099 259000 259000 CONFERENCES AND MEETIN 900099 59225 59225 PUBLICATION ADVERTISIN 541800 11606 606 11000 6227762 7977 7977 JOB BOARD 900099 400 400 400 6236139 5957762 11000 267377 250000 1091284 2498414 93594 147237 169598 221868 154997 653892 98966 130131 61745 443125 130183 83733 25449 DUES AND SUBSCRIPTIONS 122052 MISCELLANEOUS EXPENSE 102 SHARED COSTS -506209 5870161 2662048 3434925 103335 20555 112377 179975 671054 392179 328538 278875 2990229 3087490 135128 337008 6331655 7338828 377854 260333 2292302 3105891 547442 483457 3217598 3849681 X 3114057 3489147 3114057 3489147 6331655 7338828 365978 9112 0 X X 0 1 X 1 0 0 0 1 5897931 2617171 113851 2731022 2713048 17974 409942 225326 184616 191252 112517 78735 69860 54336 15524 278875 DEFERRED RENT PAYABLE 483457 483457 0 VENTURE CAPITAL FOUNDATION 25 MASSACHUSETTS AVENUE NW 730 WASHINGTON DC 20001 474114024 501(C)3 250000 PROGRAM SUPPORT 1 0 X 1 1 0 BOBBY FRANKLIN PRESIDENT & CEO 735916 0 254420 0 60000 0 14250 0 26698 0 1091284 0 0 0 JEFFREY FARRAH GENERAL COUNSEL 289765 0 67000 0 0 0 14250 0 22959 0 393974 0 0 0 MARYAM HAQUE SVP, INDUSTRY ADVANCEMENT 293240 0 65000 0 0 0 14250 0 8926 0 381416 0 0 0 JUSTIN FIELD SVP, GOVERNMENT AFFAIRS 294168 0 65000 0 0 0 14250 0 1210 0 374628 0 0 0 STEPHANIE VOLK VP, DEVELOPMENT 189675 0 38000 0 0 0 11526 0 985 0 240186 0 0 0 ALLYSON CHAPPELL DIRECTOR OF CONFERENCES AND EVENTS 109522 0 0 0 102960 0 4802 0 10003 0 227287 0 0 0 PART I, LINES 4A-B 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. 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. 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 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 1 0 1 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 VENTURE CAPITAL FOUNDATION B 250000 FMV