2020-10-27T13:06:49-05:00 2019-12-31 420714325 RSM US LLP 2021 L STREET NW 400 WASHINGTON DC 20036 990 2019-01-01 521296842 NATIONAL VENTURE CAPITAL ASSOCIATION NATI 2028645920 25 MASSACHUSETTS AVE NW NO 730 WASHINGTON DC 200011430 BOBBY FRANKLIN PRESIDENT & CEO 2028645920 2020-10-27 1 ELIZABETH W HELLER P00397829 2022932200 2020-10-27 173.79.22.96 2020-10-27 13:04:05 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 907A16943A5AE6BD468F5755AE9454C37C362E74 2019 2021-04-22 16:20:28Z BOBBY FRANKLIN 25 MASSACHUSETTS AVE NW NO 730 WASHINGTON DC 200011430 6498320 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 52 3731 -37 0 0 5673086 6360287 10982 32078 0 105328 5684068 6497693 0 10000 0 0 3318607 3340069 0 0 0 2333955 2598178 5652562 5948247 31506 549446 5516298 6331655 3007353 3217598 2508945 3114057 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 0 0 1 X 27 0 1 0 1 1 0 0 0 1 1 0 0 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 WASHINGTON DC 20001 JAN GARFINKLE CHAIR (AS OF 6/19) 2.00 0.00 X X 0 0 0 ALEXIS BORISY CHAIR (UNTIL 6/19) 2.00 0.00 X X 0 0 0 ANDREW SCHWAB SECRETARY (AS OF 6/19) 2.00 0.00 X X 0 0 0 BRIAN RICH SECRETARY (UNTIL 6/19) 2.00 0.00 X X 0 0 0 DENISE MARKS TREASURER 2.00 0.00 X X 0 0 0 MICHAEL BROWN EX COM AT-LARGE (AS OF 6/19) 2.00 0.00 X 0 0 0 BARRY EGGERS EX COM AT-LARGE 2.00 0.00 X 0 0 0 MAHA IBRAHIM EX COM AT-LARGE 2.00 0.00 X 0 0 0 RICH WONG EX COM AT-LARGE 2.00 0.00 X 0 0 0 BRUCE BOOTH DIRECTOR 0.30 0.00 X 0 0 0 MIKE CARUSI DIRECTOR (UNTIL 6/19) 0.30 0.00 X 0 0 0 CHRISTY CHIN DIRECTOR (UNTIL 6/19) 0.30 0.50 X 0 0 0 JEFF CLAVIER DIRECTOR (UNTIL 6/19) 0.30 0.00 X 0 0 0 PETER CHUNG DIRECTOR (AS OF 6/19) 0.30 0.00 X 0 0 0 DIANE DAYCH DIRECTOR 0.30 0.00 X 0 0 0 MICHAEL DIXON DIRECTOR (UNTIL 6/19) 0.30 0.00 X 0 0 0 BYRON DEETER DIRECTOR (AS OF 6/19) 0.30 0.00 X 0 0 0 SCOTT DORSEY DIRECTOR (AS OF 6/19) 0.30 0.00 X 0 0 0 RYAN DRANT DIRECTOR 0.30 0.00 X 0 0 0 PATRICK ENRIGHT DIRECTOR 0.30 0.00 X 0 0 0 STEVE FREDRICK DIRECTOR 0.30 0.00 X 0 0 0 CHRIS GIRGENTI DIRECTOR 0.30 0.00 X 0 0 0 JOSEPH HOROWITZ DIRECTOR 0.30 0.00 X 0 0 0 GEORGE HOYEM DIRECTOR 0.30 0.00 X 0 0 0 CHARLES HUDSON DIRECTOR 0.30 0.00 X 0 0 0 JILL JARRETT DIRECTOR (AS OF 6/19) 0.30 0.00 X 0 0 0 NAGRAJ KASHYAP DIRECTOR 0.30 0.00 X 0 0 0 MARK KVAMME DIRECTOR 0.30 0.00 X 0 0 0 LISA LAMBERT DIRECTOR 0.30 0.00 X 0 0 0 MOHAMAD MAKHZOUMI DIRECTOR 0.30 0.00 X 0 0 0 MARY MEEKER DIRECTOR (UNTIL 6/19) 0.30 0.00 X 0 0 0 EMILY MELTON DIRECTOR 0.30 0.00 X 0 0 0 GILLIAN MUNSON DIRECTOR (AS OF 6/19) 0.30 0.00 X 0 0 0 PATRICIA NAKACHE DIRECTOR 0.30 0.00 X 0 0 0 KIRK NIELSON DIRECTOR (AS OF 6/19) 0.30 0.00 X 0 0 0 DEEPA PAKIANATHAN DIRECTOR (UNTIL 6/19) 0.30 0.00 X 0 0 0 CARMEN PALAFOX DIRECTOR (AS OF 6/19) 0.30 0.00 X 0 0 0 VIC PARKER DIRECTOR 0.30 0.00 X 0 0 0 DOUG PEPPER DIRECTOR (UNTIL 6/19) 0.30 0.00 X 0 0 0 WILL PRICE DIRECTOR 0.30 0.00 X 0 0 0 RENATA QUINTINI DIRECTOR 0.30 0.00 X 0 0 0 SCOTT RANEY DIRECTOR 0.30 0.00 X 0 0 0 GLENN RIEGER DIRECTOR 0.30 0.00 X 0 0 0 CARMICHAEL ROBERTS DIRECTOR (UNTIL 6/19) 0.30 0.00 X 0 0 0 PHIL SANDERSON DIRECTOR 0.30 0.00 X 0 0 0 GREG SANDS DIRECTOR (AS OF 6/19) 0.30 0.00 X 0 0 0 DANA SETTLE DIRECTOR 0.30 0.00 X 0 0 0 JOHN SOMORJAI DIRECTOR 0.30 0.00 X 0 0 0 JENNIFER TEGAN DIRECTOR 0.30 0.00 X 0 0 0 NICOLE WALKER DIRECTOR 0.30 0.00 X 0 0 0 ALBERTO YEPEZ DIRECTOR (UNTIL 6/19) 0.30 0.00 X 0 0 0 DAVID YORK DIRECTOR 0.30 0.00 X 0 0 0 BOBBY FRANKLIN PRESIDENT & CEO 34.50 3.00 X 961005 0 34857 JEFFREY FARRAH GENERAL COUNSEL 37.50 0.00 X 318907 0 34857 JUSTIN FIELD SVP, GOVERNMENT AFFAIRS 37.50 0.00 X 317665 0 14000 MARYAM HAQUE SVP, INDUSTRY ADVANCEMENT 37.50 0.00 X 297438 0 14000 STEPHANIE VOLK VP, DEVELOPMENT 37.50 0.00 X 209388 0 8921 CASSIE HODGES DIRECTOR OF COMMUNICATIONS 37.50 0.00 X 146508 0 2176 2250911 0 108811 9 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 STEVE CARLSON AND ASSOCIATES 1710 CATHAY WAY SACRAMENTO CA 95864 PROFESSIONAL SERVICES 180882 BORDERS LAW GROUP 1828 L STREET NW SUITE 280 WASHINGTON DC 20036 LEGAL 120000 CORDIA PARTNERS 8330 BOONE BLVD SUITE 350 VIENNA VA 22182 ACCOUNTING 114853 5 MEMBERSHIP DUES & ASSE 900099 5278295 5278295 SPONSOR INCOME 900099 677061 677061 CONFERENCES AND MEETIN 900099 402788 401200 1588 PUBLICATION ADVERTISIN 541800 2143 2143 6360287 32705 32705 627 -627 -627 -627 FOUNDATION REIMBURSEME 900099 105128 105128 JOB BOARD 900099 200 200 105328 6497693 5679495 3731 814467 10000 999522 2012070 84743 98432 145302 222042 156809 754577 42658 102743 48755 32781 316847 732329 74203 22016 DUES AND SUBSCRIPTIONS 76641 UBIT TAXES 8633 MISCELLANEOUS EXPENSE 7144 5948247 2054998 2662048 3431 103335 229142 112377 638353 309815 347377 328538 2851350 2990229 30000 135128 5516298 6331655 376770 377854 2016449 2292302 614134 547442 3007353 3217598 X 2508945 3114057 2508945 3114057 5516298 6331655 549446 55666 0 X X 0 1 X 1 0 0 0 1 5278295 2440530 206903 2647433 2533582 113851 409942 188057 221885 65855 42923 22932 162556 78835 83721 328538 DEFERRED RENT PAYABLE 547442 547442 0 CENTER FOR AMERICAN ENTREPRENEURSHIP 503 ARNON LAKE DRIVE GREAT FALLS VA 22066 472005040 501(C)(3) 10000 PROGRAM SUPPORT 1 0 X X 0 1 0 BOBBY FRANKLIN PRESIDENT & CEO 655188 0 245817 0 60000 0 14000 0 24517 0 999522 0 0 0 JEFFREY FARRAH GENERAL COUNSEL 253907 0 65000 0 0 0 14000 0 20941 0 353848 0 0 0 JUSTIN FIELD SVP, GOVERNMENT AFFAIRS 257665 0 60000 0 0 0 14000 0 1695 0 333360 0 0 0 MARYAM HAQUE SVP, INDUSTRY ADVANCEMENT 237438 0 60000 0 0 0 14000 0 8195 0 319633 0 0 0 STEPHANIE VOLK VP, DEVELOPMENT 173388 0 36000 0 0 0 8921 0 943 0 219252 0 0 0 CASSIE HODGES DIRECTOR OF COMMUNICATIONS 122008 0 24500 0 0 0 2176 0 7792 0 156476 0 0 0 PART I, LINE 4B BOBBY FRANKLIN PARTICIPATES IN A SECTION 457F SUPPLEMENTAL RETIREMENT PLAN. TOTAL CONTRIBUTIONS TO THE 457F PLAN FOR 2019 WERE $60,000. 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. TOTAL CASH PAYMENTS MADE TO INSPERITY IN 2019 WERE $3,019,242. 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 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0