2019-10-07T09:38:26-05:00 2018-12-31 521855942 TATE AND TRYON 2021 L STREET NW SUITE 400 WASHINGTON DC 20036 990 2018-01-01 521296842 NATIONAL VENTURE CAPITAL ASSOCIATION NATI 2028645920 25 MASSACHUSETTS AVENUE NW NO 730 WASHINGTON DC 20001 BOBBY FRANKLIN PRESIDENT & CEO 2028645920 2019-10-07 1 ELIZABETH HELLER P00397829 2022932200 216.59.105.130 2019-10-07 09:38:22 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 8B6C6DF7A8E3B84B5AE7D1943EC3750B5C691B8F 2018 2019-02-21 02:37:17Z BOBBY FRANKLIN 25 MASSACHUSETTS AVENUE NW NO 730 WASHINGTON DC 20001 5684068 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. 34 34 0 39 6263 30101 0 0 5117341 5673086 8943 10982 916 0 5127200 5684068 0 0 0 0 3179157 3318607 0 0 0 2080698 2333955 5259855 5652562 -132655 31506 5173418 5516298 2715214 3007353 2458204 2508945 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 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 X 22 0 1 0 1 1 0 0 0 1 1 0 0 0 X 34 34 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 SCOTT KUPOR CHAIR (TO 5/18) 2.00 0.00 X X 0 0 0 ALEXIS BORISY CHAIR (FROM 6/18) 2.00 0.00 X X 0 0 0 JAN GARFINKLE CHAIR-ELECT (FROM 6/18) 2.00 0.00 X X 0 0 0 BRIAN RICH SECRETARY (FROM 6/18) 2.00 0.00 X X 0 0 0 TIMOTHY CURT TREASURER (TO 5/18) 2.00 0.00 X X 0 0 0 DENISE MARKS TREASURER (FROM 6/18) 2.00 0.00 X X 0 0 0 JEFFREY CROWE EX COM AT-LARGE (TO 5/18) 2.00 0.00 X 0 0 0 BARRY EGGERS EX COM AT-LARGE (FROM 6/18) 2.00 0.00 X 0 0 0 MAHA IBRAHIM EX COM AT-LARGE (FROM 6/18) 2.00 0.00 X 0 0 0 RICH WONG EX COM AT-LARGE 2.00 0.00 X 0 0 0 JOHN DREW DIRECTOR (TO 5/18) 0.30 0.00 X 0 0 0 ASHTON NEWHALL DIRECTOR (TO 5/18) 0.30 0.00 X 0 0 0 BRUCE BOOTH DIRECTOR 0.30 0.00 X 0 0 0 MIKE CARUSI DIRECTOR 0.30 0.00 X 0 0 0 CHRISTY CHIN DIRECTOR 0.30 0.00 X 0 0 0 JEFF CLAVIER DIRECTOR 0.30 0.00 X 0 0 0 MICHAEL DIXON 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 MARK KVAMME DIRECTOR 0.30 0.00 X 0 0 0 LISA LAMBERT DIRECTOR 0.30 0.00 X 0 0 0 MARY MEEKER DIRECTOR 0.30 0.00 X 0 0 0 DEEPA PAKIANATHAN DIRECTOR 0.30 0.00 X 0 0 0 VIC PARKER DIRECTOR 0.30 0.00 X 0 0 0 GLENN RIEGER DIRECTOR 0.30 0.00 X 0 0 0 CARMICHAEL ROBERTS DIRECTOR 0.30 0.00 X 0 0 0 PHIL SANDERSON DIRECTOR 0.30 0.00 X 0 0 0 ANDREW SCHWAB DIRECTOR 0.30 0.00 X 0 0 0 JOHN SOMORJAI DIRECTOR 0.30 0.00 X 0 0 0 NICOLE WALKER DIRECTOR 0.30 0.00 X 0 0 0 ALBERTO YEPEZ DIRECTOR 0.30 0.00 X 0 0 0 DAVID YORK DIRECTOR (FROM 6/18) 0.30 0.00 X 0 0 0 JENNIFER TEGAN DIRECTOR (FROM 6/18) 0.30 0.00 X 0 0 0 PATRICIA NAKACHE DIRECTOR (FROM 6/18) 0.30 0.00 X 0 0 0 MICHAEL BROWN DIRECTOR (FROM 6/18) 0.30 0.00 X 0 0 0 WILL PRICE DIRECTOR (FROM 6/18) 0.30 0.00 X 0 0 0 EMILY MELTON DIRECTOR (FROM 6/18) 0.30 0.00 X 0 0 0 STEVE FREDRICK DIRECTOR (FROM 6/18) 0.30 0.00 X 0 0 0 BOBBY FRANKLIN PRESIDENT & CEO 34.50 3.00 X 931496 0 34911 JEFFREY FARRAH GENERAL COUNSEL 37.50 0.00 X 306873 0 35395 JUSTIN FIELD SENIOR VICE PRESIDENT OF GOVERNMENT AFFAIRS 37.50 0.00 X 310570 0 15563 MARYAM HAQUE SENIOR VICE PRESIDENT OF INDUSTRY ADVANCEMENT 37.50 0.00 X 254517 0 12760 STEPHANIE VOLK VICE PRESIDENT OF DEVELOPMENT 37.50 0.00 X 182053 0 0 CHARLOTTE SAVERCOOL DIRECTOR OF GOVERNMENT AFFAIRS 37.50 0.00 X 130224 0 6545 2115733 0 105174 8 0 1 0 CAPITOL TAX PARTNERS LLP 101 CONSTITUTION AVE NW SUITE 675 WASHINGTON DC 20001 PROFESSIONAL SERVICES 260000 MEHLMAN CASTAGNETTI ROSEN &THOMAS 1341 G STREET NW SUITE 1100 WASHINGTON DC 20005 CONSULTING 240000 CORDIA PARTNERS 8330 BOONE BLVD SUITE 350 VIENNA VA 22182 ACCOUNTING 125809 STEVE CARLSON AND ASSOCIATES 1710 CATHAY WAY SACRAMENTO CA 95864 PROFESSIONAL SERVICES 120665 BORDERS LAW GROUP 1828 L STREET NW SUITE 280 WASHINGTON DC 20036 LEGAL 120000 5 MEMBERSHIP DUES & ASSE 900099 4822851 4822851 SPONSOR INCOME 900099 537751 537751 CONFERENCES AND MEETIN 900099 307607 306221 1386 PUBLICATION ADVERTISIN 541800 4877 4877 5673086 10982 10982 5684068 5129072 6263 548733 969984 1998725 78825 132052 139021 340616 164850 600665 26100 96098 39443 34912 286990 309937 297671 67058 24405 DUES AND SUBSCRIPTIONS 44609 MISCELLANEOUS EXPENSE 601 5652562 1723308 2054998 72750 3431 153449 229142 584071 236694 395112 347377 2778799 2851350 50000 30000 5173418 5516298 192896 376770 1848011 2016449 674307 614134 2715214 3007353 X 2458204 2508945 2458204 2508945 5173418 5516298 31506 19235 0 X X 0 1 X 1 0 0 0 1 4822851 2446043 -68857 2377186 2170283 206903 409942 149069 260873 67564 30621 36943 106565 57004 49561 347377 DEFERRED RENT PAYABLE 614134 614134 X X 0 1 0 BOBBY FRANKLIN PRESIDENT & CEO 632839 0 238657 0 60000 0 15822 0 22666 0 969984 0 0 0 JEFFREY FARRAH GENERAL COUNSEL 243661 0 63212 0 0 0 15556 0 19983 0 342412 0 0 0 JUSTIN FIELD SENIOR VICE PRESIDENT OF GOVERNMENT 247227 0 63343 0 0 0 15563 0 7985 0 334118 0 0 0 MARYAM HAQUE SENIOR VICE PRESIDENT OF INDUSTRY AD 203085 0 51432 0 0 0 12760 0 7800 0 275077 0 0 0 STEPHANIE VOLK VICE PRESIDENT OF DEVELOPMENT 149668 0 32385 0 0 0 0 0 814 0 182867 0 0 0 PART I, LINE 4B BOBBY FRANKLIN PARTICIPATES IN A SECTION 457F SUPPLEMENTAL RETIREMENT PLAN. TOTAL CONTRIBUTIONS TO THE 457F PLAN FOR 2018 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 TO INSPERITY FOR THE SALARY, BENEFITS AND ADMINISTRATIVE SERVICES RENDERED FOR THE YEAR ENDED DECEMBER 31, 2018, EQUALED $2,827,829. 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 NVCA BOARD CONSISTS OF 29 VOTING MEMBERS. 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 THE 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 VICE PRESIDENT 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