2025-11-13T10:16:03-06:00 2024-12-31 521446779 JOHNSON LAMBERT LLP 4242 SIX FORKS ROAD SUITE 1500 RALEIGH NC 27609 990 2024-01-01 521296842 NATIONAL VENTURE CAPITAL ASSOCIATION NATI 2028645920 200 MASSACHUSETTS AVE NW 520 WASHINGTON DC 20001 ROBERT BOBBY FRANKLIN PRESIDENT & CEO 2028645920 2025-11-13 1 0 J CALVIN MARKS P01226973 9197196400 2024 2025-03-06 01:10:19Z NVCA ROBERT BOBBY FRANKLIN 200 MASSACHUSETTS AVE NW 520 WASHINGTON DC 20001 9551219 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. 31 31 0 39 7266 4061 0 0 9000498 9039391 256706 372414 5700 11856 9262904 9423661 0 5000 0 0 4057666 4641366 0 0 0 2932417 3116169 6990083 7762535 2272821 1661126 13745529 18112050 4646416 7197583 9099113 10914467 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 EFFORTS TO PROMOTE THE IMPORTANT ROLE OF VENTURE CAPITAL IN SUPPORTING ENTREPRENEURSHIP AND INNOVATION. COMMUNITY & EDUCATION: NVCA MEMBERS ENGAGE WITH THEIR PEERS THROUGH EVENTS, PROFESSIONAL DEVELOPMENT, CONTINUING EDUCATION, AND ADVISORY COMMITTEES 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 ADVISORY COMMITTEES AND PEER GROUPS, NVCA MEMBERS ARE INVITED TO TACKLE CRITICAL ISSUES FACING THE INDUSTRY, LEAD ON INDUSTRY INITIATIVES, AND ATTEND NETWORKING OPPORTUNITIES. NVCA OFFERS MEMBERS ONGOING EDUCATION AND PROFESSIONAL DEVELOPMENT THROUGH WEBINARS, DIGITAL RESOURCES, AND IN-PERSON EVENTS THROUGHOUT THE YEAR. 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 1 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 1 1 0 1 X 29 0 1 0 1 1 0 0 0 1 1 0 1 0 X 31 31 0 0 0 0 1 1 0 1 0 0 0 1 1 1 1 1 1 1 0 0 CA X ROBERT BOBBY FRANKLIN 2028645920 200 MASSACHUSETTS AVE NW 520 WASHINGTON DC 20001 ROBERT BOBBY FRANKLIN PRESIDENT & CEO 37.50 0.75 X 1363110 0 174570 CHRISTINA MARTIN CHIEF OPERATING OFFICER 37.50 X 529000 0 34053 MARYAM HAQUE EXECUTIVE DIRECTOR, VENTURE FORWARD 0.25 37.25 X 503692 0 34482 JASON VITA VICE PRESIDENT BUSINESS DEVELOPMENT 37.50 X 223115 0 26272 SHILOH TILLEMANN-DICK RESEARCH DIRECTOR 37.50 X 210038 0 25396 CAROLINE SCHELLHAS VP GOVERNMENT AFFAIRS (FROM APR '24) 37.50 X 200891 0 32171 ASHLYN ROBERTS VP GOVERNMENT AFFAIRS 37.50 X 199183 0 29629 BYRON DEETER CHAIR 2.00 X X 0 0 0 CHARLES HUDSON CHAIR (TO MAY '24) 2.00 0.30 X X 0 0 0 VINEETA AGARWALA EXCOM CHAIR ELECT 2.00 X X 0 0 0 JILL JARRETT TREASURER 2.00 X X 0 0 0 REBECCA LUCIA TREASURER (TO NOV '24) 0.30 X X 0 0 0 DANIEL LEVINE SECRETARY 2.00 X X 0 0 0 GREG SANDS SECRETARY (TO MAY '24) 2.00 X X 0 0 0 GAVIN CHRISTENSEN EXCOM AT-LARGE 2.00 X X 0 0 0 JEREMY LIEW EXCOM AT-LARGE 2.00 X X 0 0 0 DEENA SHAKIR EXCOM AT-LARGE 2.00 X X 0 0 0 MOLLY BONAKDARPOUR DIRECTOR 0.30 X 0 0 0 ERICA BRESCIA DIRECTOR (FROM MAY '24) 0.30 X 0 0 0 KRISTINA BUROW DIRECTOR 0.30 X 0 0 0 PETER CHUNG DIRECTOR (TO MAY '24) 0.30 X 0 0 0 BEEZER CLARKSON DIRECTOR 0.30 X 0 0 0 DAVID DANIELSON DIRECTOR 0.30 X 0 0 0 SCOTT DORSEY DIRECTOR (TO MAY '24) 0.30 X 0 0 0 RIC FENTON DIRECTOR (FROM MAY '24) 0.30 X 0 0 0 SHAUNTEL GARVEY DIRECTOR 0.30 X 0 0 0 AZIZ GILANI DIRECTOR (FROM MAY '24) 0.30 X 0 0 0 HILARY GOSHER DIRECTOR 0.30 0.30 X 0 0 0 KIRSTEN GREEN DIRECTOR 0.30 X 0 0 0 DAVID HALL DIRECTOR 0.30 X 0 0 0 MAMOON HAMID DIRECTOR 0.30 X 0 0 0 JACLYN FREEMAN HESTER DIRECTOR 0.30 X 0 0 0 RYAN NECE DIRECTOR (FROM MAY '24) 0.30 X 0 0 0 JOHN NEIS DIRECTOR 0.30 X 0 0 0 KIRK NIELSON DIRECTOR (TO MAY '24) 0.30 X 0 0 0 NNAMDI OKIKE DIRECTOR 0.30 X 0 0 0 CARMEN PALAFOX DIRECTOR (TO MAY '24) 0.30 X 0 0 0 TOM SHEHAB DIRECTOR (FROM MAY '24) 0.30 X 0 0 0 STEVE SOCOLOF DIRECTOR 0.30 X 0 0 0 CHELSEA STONER DIRECTOR (FROM MAY '24) 0.30 X 0 0 0 JARRID TINGLE DIRECTOR (FROM MAY '24) 0.30 X 0 0 0 ADAM VALKIN DIRECTOR 0.30 X 0 0 0 DON VIEIRA DIRECTOR 0.30 X 0 0 0 DAVID WACHTER DIRECTOR (TO NOV '24) 0.30 X 0 0 0 NICK WASHBURN DIRECTOR 0.30 X 0 0 0 RICK YANG DIRECTOR (FROM MAY '24) 0.30 X 0 0 0 3229029 0 356573 17 0 1 0 CAPITOL TAX PARTNERS LLP 101 CONSTITUTION AVE NW STE 675 EAS WASHINGTON DC 20001 CONSULTING SERVICES 240000 MEHLMAN CASTAGNETTI ROSEN & THOMAS 1341 G ST NW STE 1100 WASHINGTON DC 20005 CONSULTING SERVICES 240000 TRAVIS LARSON 1329 JEFFERSON ST NW WASHINGTON DC 20011 CONSULTING SERVICES 154500 CHERRY BEKAERT ADVISORY LLC 3800 GLENWOOD AVE STE 200 RALEIGH NC 27612 ACCOUNTING SERVICES 133391 4 MEMBER DUES 900099 7975324 7975324 CONFERENCES & MEETINGS 900099 1056901 597401 459500 ONLINE PUB ADVERTISING 541800 7166 7166 9039391 419428 419428 80544 80459 47099 85 -47099 -47014 -47014 SUBLEASE 900099 5500 5500 JOB BOARD 541800 100 100 6256 6256 11856 9423661 8572725 7266 843670 5000 2076947 1974424 100157 169985 319853 222979 174580 665680 243064 187775 82572 739271 153830 409449 151522 27361 DUES & SUBSCRIPTIONS 204106 UBI/DC FRANCHISE TAXES 4179 SHARED COSTS -159968 9769 7762535 5406253 5736613 5547440 7113743 174501 122577 311149 283852 1297817 241572 283803 1056245 2022383 3799020 13745529 18112050 384133 603321 3356191 3343517 906092 3250745 4646416 7197583 X 9099113 10914467 9099113 10914467 13745529 18112050 1661126 154228 0 X 0 1 X 1 0 48000 0 0 0 1 7975324 2737452 -640844 2096608 3190130 -1093522 PART I-A, LINE 1: NVCA PROVIDES ADMINISTRATIVE SUPPORT SERVICES TO THE NATIONAL VENTURE CAPITAL ASSOCIATION POLITICAL ACTION COMMITTEEE. 769195 49814 719381 390498 87862 302636 138124 103896 34228 1056245 DUE FROM AFFILIATE 1488462 ROU ASSET - OPERATING LEASES 1828737 DEPOSIT - OFFICE SPACE 285302 DEFERRED COMPENSATION 457(F) ASSET 196519 3799020 LEASE LIABILITIES - OPERATING LEASES 3054226 DEFERRED COMPENSATION LIABILITY 196519 3250745 X X X X X 0 1 0 ROBERT BOBBY FRANKLIN PRESIDENT & CEO 1018080 0 345030 0 0 0 113056 0 61514 0 1537680 0 0 0 CHRISTINA MARTIN CHIEF OPERATING OFFICER 439000 0 90000 0 0 0 23056 0 10997 0 563053 0 0 0 MARYAM HAQUE EXECUTIVE DIRECTOR, VENTURE FORWARD 413692 0 90000 0 0 0 23056 0 11426 0 538174 0 0 0 JASON VITA VICE PRESIDENT BUSINESS DEVELOPMENT 180615 0 42500 0 0 0 14960 0 11312 0 249387 0 0 0 SHILOH TILLEMANN-DICK RESEARCH DIRECTOR 180038 0 30000 0 0 0 14086 0 11310 0 235434 0 0 0 CAROLINE SCHELLHAS VP GOVERNMENT AFFAIRS (FROM APR '24) 168891 0 32000 0 0 0 9757 0 22414 0 233062 0 0 0 ASHLYN ROBERTS VP GOVERNMENT AFFAIRS 165183 0 34000 0 0 0 12939 0 16690 0 228812 0 0 0 PART I, LINE 4B ROBERT "BOBBY" FRANKLIN PARTICIPATES IN A NONQUALIFIED DEFERRED COMPENSATION SUPPLEMENTAL RETIREMENT PLAN UNDER SECTION 457F OF THE IRC (THE "PLAN"). TOTAL CONTRIBUTIONS TO THE PLAN FOR 2024 WERE $90,000. FORM 990, PART V, LINE 2B: NVCA HAS A PROFESSIONAL EMPLOYER ORGANIZATION AGREEMENT WITH INSPERITY TO PROVIDE PERSONNEL, BENEFITS, 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. 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 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, COO AND VP ADMINISTRATION OF THE ORGANIZATION AND THEN FORWARDED TO THE BOARD OF DIRECTORS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C NVCA REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICY. 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. 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. 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. THE TAX RETURN IS AVAILABLE TO THE PUBLIC UPON REQUEST. THE VENTURE CAPITAL FOUNDATION DBA VENTURE FORWARD 200 MASSACHUSETTS AVE NW 520 WASHINGTON DC 20001 474114024 EDUCATION DC 501(C)(3) LINE 12A, I NATIONAL VENTURE CAPITAL ASSOCIATION 1 NATIONAL VENTURE CAPITAL ASSOCIATION POLITICAL ACTION COMMITTEE 200 MASSACHUSETTS AVE NW 520 WASHINGTON DC 20001 521302883 POLITICAL CAMPAIGN CONTRIBUTIONS DC 527 NATIONAL VENTURE CAPITAL ASSOCIATION 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 1 0 0 THE VENTURE CAPITAL FOUNDATION DBA VENTURE FORWARD N 159968 FMV THE VENTURE CAPITAL FOUNDATION DBA VENTURE FORWARD O 1226616 FMV THE VENTURE CAPITAL FOUNDATION DBA VENTURE FORWARD Q 1151490 FMV