2013-05-15T08:41:25-05:00 2012-06-30 410746749 CLIFTONLARSONALLEN LLP 4250 N FAIRFAX DRIVE SUITE 1020 ARLINGTON VA 22203 990 2011-07-01 621471948 NORTHERN VIRGINIA TECHNOLOGY COUNCIL INC NORT 7039047878 2214 ROCK HILL ROAD NO 300 HERNDON VA 20170 BARBARA KILBERG 7039047878 2013-05-14 1 ANGEL NGANDO P00719222 5712279500 2011 2016-02-24 21:20:13Z BARBARA KILBERG 2214 ROCK HILL ROAD NO 300 HERNDON VA 20170 4182143 0 X WWW.NVTC.ORG X 1991 VA ADVOCATE OF TECHNOLOGY BUSINESS IN NORTHERN VIRGINIA. 59 58 25 0 116949 -5763 347447 0 3347813 3564581 18436 8480 260089 609082 3973785 4182143 0 0 0 0 2389324 2497526 0 0 0 1576805 1639663 3966129 4137189 7656 44954 2871800 2889042 942555 919333 1929245 1969709 X NVTC PROVIDES VALUE BY CONNECTING, GROWING, EDUCATING AND ADVOCATING FOR THE INNOVATIVE AND ENTREPRENEURIAL TECHNOLOGY COMMUNITY IN NORTHERN VIRGINIA AND THE GREATER REGION. 0 0 EVENTS, PROGRAM, MEMBER SERVICES - NVTC HAD WELL OVER 100 MEETINGS AND EVENTS RANGING FROM THE COMMITTEE LEVEL WITH ATTENDANCE FOR TARGETED AREAS OF INDUSTRY OR INTEREST GROUPS TO THE FULL MEMBERSHIP EVENT SERIES OR SIGNATURE BANQUETS INCLUDING ANNUAL CFO AWARDS, FALL BANQUET, AND TITAN'S SERIES. THE NUMBER OF REGISTRANTS RANGE FROM 20 TO NEARLY 800. THE SUCCESS IS DUE TO OBTAINING VERY HIGH LEVEL INDUSTRY SPEAKERS CREATING SIGNIFICANT TICKET AND SPONSORSHIP SALES FOR THESE ANNUAL EVENTS. MEMBER INSURANCE, HEALTH AND 401K PROGRAMS PROVIDE ACCESSIBLE RESOURCES TO OUR MEMBERS, AS WELL AS DISCOUNTED SERVICES AND PRODUCTS. OUR MEMBERS RECEIVE A QUARTERLY INDUSTRY PUBLICATION PRODUCED BY NVTC, WHICH ASSISTS IN BRANDING OUR REGION AS A TECHNOLOGY HUB. NVTC'S AGGRESSIVE STATE LOBBYING AND LEGISLATIVE ACTIVITIES ASSIT IN SUPPORTING OUR MEMBER'S INTERESTS. OUR MANY EVENTS PROVIDE IMMEASURABLE NETWORKING OPPORTUNITIES. REVENUE FROM OUR EVENTS AND PROGRAMS GENERATED APPROXIMATELY 50% OF TOTAL INCOME. ENTREPRENEUR CENTER - THE ENTREPRENEUR CENTER @NVTC IS A RESOURCE HUB FOR TECHNOLOGY START UPS AND ENTREPRENEURS AT EVERY STAGE OF THEIR LIFECYCLE. THE ENTREPRENEUR CENTER FOSTERS ENTREPRENEURSHIP IN STUDENTS, MENTORS THE FIRST-TIME ENTREPRENEUR, ADVISES AND SUPPORTS THE EXPERIENCED ENTREPRENEUR, AND FACILITATES STRATEGIC BUSINESS RELATIONSHIPS IN THE TECHNOLOGY COMMUNITY. THE ENTREPRENEUR CENTER ASSISTS START UPS AND SMALL COMPANIES THROUGH A VARIETY OF EDUCATIONAL PROGRAMS, NETWORKING EVENTS AND RESOURCES. THE CENTER CONTINUED A 10-WEEK ENTREPRENEUR TRAINING PROGRAM THAT COMES OUT OF THE KAUFFMAN FOUNDATION AND GRADUATED 28 TECHNOLOGY START UPS DURING THIS YEAR. THE CENTER NOW PROVIDES EDUCATIONAL PROGRAMS FOR POTENTIAL INVESTORS IN THE COMMUNITY. NETWORKING EVENTS THAT FOCUSED ON TEAMING WITH PRIME CONTRACTORS, WORKING WITH THE GOVERNMENT, FINDING PARTNERS AND CUSTOMERS, AND HONORING LEADERS IN THE ENTREPRENEUR COMMUNITY BROUGHT TOGETHER OVER 800 INDIVIDUALS FROM THE REGION'S TECHNOLOGY COMMUNITY. PUBLIC POLICY - "NVTC'S EXECUTIVE COMMITTEE IS RESPONSIBLE FOR THE RESEARCH FOR DEVELOPING OF OUR ORGANIZATION'S ANNUAL LEGISLATIVE AGENDA. THE AGENDA IS SUPPORTED THROUGH LOBBYING EFFORTS BY NVTC STAFF AND AN EXTERNAL CONSULTANT. WE INCORPORATE TARGETED EVENTS, MEETINGS AND PROGRAMS TO FULFILL OUR PUBLIC POLICY AND LEGISLATIVE EFFORTS. WE CURRENTLY UTILIZE APPROXIMATELY 24% OF OUR MEMBERSHIP DUES TO SUPPORT OUR LEGISLATIVE ADVOCACY SUCCESSES. 2012 NVTC STATE LOBBYING AND LEGISLATIVE EFFORTS HELPED ACHIEVE: LEGISLATION TO ENHANCE VIRGINIA'S STATEWIDE COMPETITIVENESS IN ATTRACTING DATA CENTER JOBS AND INVESTMENT BY EXPANDING VIRGINIA'S CURRENT DATA CENTER SALES TAX EXEMPTION TO ALSO INCLUDE DATA CENTER TENANTS. LEGISLATION EXTENDING VIRGINIA'S CAPITAL GAINS EXEMPTION FOR INVESTORS IN TECHNOLOGY STARTUPS THROUGH JUNE 30, 2015.LEGISLATION EXTENDING THE TELEWORK TAX CREDIT FOR EMPLOYERS THROUGH DECEMBER 31, 2016. WASHINGTON AIRPORTS AUTHORITY (MWAA) BOARD LEGISLATION PROVIDING VIRGINIA GREATER REPRESENTATION ON THE METROPOLITAN WASHINGTON AIRPORTS AUTHORITY (MWAA) BOARD, IN LINE WITH RECENTLY ENACTED FEDERAL LEGISLATION. LEGISLATION EXPANDING THE BOARD OF DIRECTORS FOR THE VIRGINIA ECONOMIC DEVELOPMENT PARTNERSHIP (VEDP) BY ADDING THE SECRETARY OF AGRICULTURE AND FORESTRY AND THE SECRETARY OF TECHNOLOGY AS VOTING MEMBERS.LEGISLATION INSTITUTING BOARD AND GOVERNANCE REFORMS FOR THE VIRGINIA COMMERCIAL SPACE FLIGHT AUTHORITY AND PROVIDING A MECHANISM FOR FUNDING IMPROVEMENTS THROUGH THE VIRGINIA TRANSPORTATION TRUST FUND. $16 MILLION IN NEW FUNDING OVER TWO YEARS FOR THE COMMONWEALTH RESEARCH COMMERCIALIZATION FUND (CRCF) TO FACILITATE GROWTH AND DEVELOPMENT OF THE TECHNOLOGY INDUSTRY IN THE COMMONWEALTH, ACCELERATE ENTRANCE OF NEW PRODUCTS AND SERVICES TO THE MARKET, INCENTIVIZE COLLABORATION BETWEEN INSTITUTIONS OF HIGHER EDUCATION AND COMPANIES ENGAGED IN RESEARCH IN HIGH-GROWTH, EMERGING INDUSTRIES, MATCH FEDERAL SBIR GRANTS FOR VIRGINIA COMPANIES AND INVEST THROUGH THE CIT GAP FUNDS IN SEED-STAGE FIRMS AND UNIVERSITY SPIN-OUTS WITH A HIGH POTENTIAL FOR SUCCESSFUL COMMERCIALIZATION, RAPID GROWTH AND DOWNSTREAM PRIVATE EQUITY FINANCING. $5 MILLION IN ANNUAL FUNDING FOR VIRGINIA'S REFUNDABLE RESEARCH AND DEVELOPMENT (R&D) TAX CREDIT. INCREASING THE ANNUAL CAP TO $4 MILLION IN FUNDING TO SUPPORT VIRGINIA'S ANGEL INVESTOR TAX CREDIT TO ENCOURAGE CONTINUED INVESTMENT IN EARLY-STAGE TECHNOLOGY STARTUPS IN THE COMMONWEALTH. $2 MILLION IN NEW FUNDING OVER THE NEXT TWO YEARS TO LAUNCH NEW CYBERSECURITY AND MODELING AND SIMULATION INITIATIVES TO BUILD UPON EXISTING INITIATIVES BY FOSTERING INNOVATIVE PARTNERSHIPS IN VIRGINIA, LEVERAGING UNIVERSITY AND INDUSTRY RESOURCES, AND ALIGNING ASSETS WITH EMERGING AND EXPANDING OUTREACH ACTIVITIES. TOGETHER, THESE TWO INITIATIVES WILL PROVIDE A FOCUSED EFFORT ON FURTHER GROWING VIRGINIA JOBS AND INVESTMENT IN THESE INDUSTRY SECTORS. $3 MILLION OVER TWO YEARS FOR AN IT ACADEMY TO HELP GROW VIRGINIA'S SCIENCE, TECHNOLOGY, ENGINEERING AND MATHEMATICS (STEM) WORKFORCE THROUGH A FORMAL ONLINE CURRICULUM THAT PREPARES STUDENTS TO PASS MICROSOFT INDUSTRY CERTIFICATION EXAMS. THROUGH A STATEWIDE AGREEMENT, THIS CURRICULUM HAS BEEN MADE AVAILABLE TO EVERY HIGH SCHOOL STUDENT, THEIR PARENTS AND ALL HIGH SCHOOL FACULTY AND STAFF. $1 MILLION IN FUNDING OVER TWO YEARS TO EXPAND THE NORTHERN VIRGINIA COMMUNITY COLLEGE'S SYSTEMIC SOLUTIONS WORKFORCE PROGRAM BEYOND PRINCE WILLIAM COUNTY/MANASSAS TO INCLUDE FAIRFAX, LOUDOUN, ARLINGTON AND ALEXANDRIA. SYSTEMIC SOLUTIONS IS A COLLABORATIVE ARRANGEMENT AMONG SCHOOL DIVISIONS, HIGHER EDUCATION INSTITUTIONS AND EMPLOYERS TO DEVELOP A SUSTAINABLE STEM WORKFORCE PIPELINE." 0 1 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 14 0 25 1 1 1 0 0 0 0 0 X 59 58 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X THE ORGANIZATION 7039047878 2214 ROCK HILL ROAD NO 300 HERNDON VA 20170 BOBBIE KILBERG 40.00 X X 409533 0 18644 BRAD ANTLE 2.00 X X 0 0 0 SUDHAKAR KESAVAN 2.00 X X 0 0 0 JIM SHEAFFER 2.00 X X 0 0 0 ROBIN LINEBERGER 2.00 X X 0 0 0 SCOTT HOMMER 2.00 X X 0 0 0 STACY MENDLER 2.00 X X 0 0 0 EVAN WEISEL 2.00 X X 0 0 0 ANNE ALTMAN 2.00 X 0 0 0 LINDA MILLS 2.00 X 0 0 0 DENDY YOUNG 2.00 X 0 0 0 RAJ NARASIMHAN 2.00 X 0 0 0 JOHN ALLEN 2.00 X 0 0 0 MATT CALKINS 2.00 X 0 0 0 TERESA CARLSON 2.00 X 0 0 0 MIKE BRADSHAW 2.00 X 0 0 0 JOHN BURTON 2.00 X 0 0 0 ED CASEY 2.00 X 0 0 0 CRAIG CHASON 2.00 X 0 0 0 KAREN DAHUT 2.00 X 0 0 0 STEVE COOKER 2.00 X 0 0 0 ENRICO DELLA CORNA 2.00 X 0 0 0 MARILYN CROUTHER 2.00 X 0 0 0 NELSON FORD 2.00 X 0 0 0 MIKE GOLDEN 2.00 X 0 0 0 JOHN HAGAN 2.00 X 0 0 0 KYLE MCSLARROW 2.00 X 0 0 0 TED HENGST 2.00 X 0 0 0 STEVE HILLS 2.00 X 0 0 0 BOB JOHNSON 2.00 X 0 0 0 DANIEL JOHNSON 2.00 X 0 0 0 DR RAY JOHNSON 2.00 X 0 0 0 JOEL KALLETT 2.00 X 0 0 0 BRUCE KLEIN 2.00 X 0 0 0 CURT KOLCUN 2.00 X 0 0 0 JACK LONDON 2.00 X 0 0 0 MICHAEL MAIORANA 2.00 X 0 0 0 PHIL NORTON 2.00 X 0 0 0 ALAN MERTEN 2.00 X 0 0 0 RICHARD MONTONI 2.00 X 0 0 0 J D MYERS 2.00 X 0 0 0 OSCAR OSORIO 2.00 X 0 0 0 KEVIN PARKER 2.00 X 0 0 0 STERLING PHILLIPS 2.00 X 0 0 0 ROB QUARTEL 2.00 X 0 0 0 MATTHEW SCHWARTZ 2.00 X 0 0 0 RENE SALAS 2.00 X 0 0 0 DAVID SCHAEFER 2.00 X 0 0 0 BRAD SCHWARTZ 2.00 X 0 0 0 KIM SHANAHAN 2.00 X 0 0 0 JEAN STACK 2.00 X 0 0 0 DR CHARLES STEGER 2.00 X 0 0 0 PETE STEVENSON 2.00 X 0 0 0 SEAN STONE 2.00 X 0 0 0 TODD STOTTLEMYER 2.00 X 0 0 0 DRLYDIA THOMAS 2.00 X 0 0 0 DR MARTA WILSON 2.00 X 0 0 0 JOHN WOOD 2.00 X 0 0 0 CHRISTINE KALLIVOKAS 40.00 X 213627 0 17814 JOSH LEVI 40.00 X 160845 0 15732 MICHELE WEATHERLY 40.00 X 156670 0 7126 RANDY CISLER 40.00 X 122460 0 13422 1063135 0 72738 5 0 1 0 0 MEETINGS & CONFERENCES 541900 2184435 2184435 MEMBERSHIP DUES 541900 1249871 1249871 PUBLIC AFFAIRS 541900 130275 130275 3564581 8480 8480 82710 82710 2125 0 2125 2125 2125 ANNUAL BOARD FEES 541900 290672 290672 ADVERTISING 541800 116949 116949 REIMBURSEMENT FROM EFF 561000 106687 106687 9939 9939 524247 4182143 0 116949 4065194 959762 318083 957201 33808 94204 134468 21897 34424 8534 86222 138736 129001 103680 48359 861767 58187 14878 NEWSLETTER 65307 TECHTOPIA MAP PROJECT 41435 MISCELLANEOUS 27236 4137189 157 157 1262419 234828 415081 475855 113885 84087 430821 348595 107195 82226 973063 2011889 2871800 2889042 214058 226982 728497 692351 942555 919333 X 1498938 1503558 430307 466151 1929245 1969709 2871800 2889042 X 44954 -4490 X 0 0 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 1 1249871 55977 55977 299969 -243992 430821 348595 82226 82226 X 1 0 0 0 0 BOBBIE KILBERG 409533 0 0 0 0 0 9800 0 8844 0 428177 0 0 0 CHRISTINE KALLIVOKAS 213627 0 0 0 0 0 9175 0 8639 0 231441 0 0 0 JOSH LEVI 160845 0 0 0 0 0 6833 0 8899 0 176577 0 0 0 MICHELE WEATHERLY 156670 0 0 0 0 0 6358 0 768 0 163796 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE COUNCIL HAS THE FOLLOWING MEMBERSHIP TYPES: TECH, ASSOCIATE, AFFILIATE, STECH, STUDENT FORM 990, PART VI, SECTION A, LINE 7A THE BOARD MEMBERS ARE ELECTED BY THE GENERAL MEMBERS AND THEN THE BOARD MEMBERS VOTE ON THE BOARD OFFICERS. FORM 990, PART VI, SECTION B, LINE 11 THE CONTROLLER & HR ADMINISTRATION REVIEWS THE FORM 990 PREPARED BY THE CPA WITH THE COO. ANY QUESTIONS ARE RESOLVED. THE COO (OR THE CONTROLLER AND HR ADMINISTRATOR) THEN REVIEWS THE RETURN WITH THE NVTC TREASURER PRIOR TO ITS SIGNING BY THE PRESIDENT AND CEO OR THE TREASURER AND FILING. FORM 990, PART VI, SECTION B, LINE 12C ALL POSSIBLE CONFLICTS ARE BROUGHT TO THE ATTENTION OF THE EXECUTIVE COMMITTEE OR THE BOARD OF DIRECTORS TO INVESTIGATE THE SITUATION AND DETERMINE HOW THE COUNCIL SHOULD PROCEED. FORM 990, PART VI, SECTION B, LINE 15 IN SPRING 2008, THE NVTC FINANCE COMMITTEE REQUESTED A FULL EVALUATION OF THE MARKET VALUE FOR ALL NVTC EMPLOYEE POSITIONS AND ASKED FOR INDUSTRY COMPARISONS. THIS WAS COMPLETED BY NVTC'S COO, USING INDUSTRY STANDARD REFERENCES, THE PRIMARY SOURCE BEING THE ASAE ANNUAL COMPENSATION & BENEFITS SURVEY, PUBLISHED BY ASAE (AMERICAN SOCIETY FOR ASSOCIATION EXECUTIVES) WHICH INCLUDED DIRECT INDUSTRY INPUT THROUGH A SURVEY PROCESS. ADDITIONALLY, JOB POSTING AND SALARY REQUIREMENTS WERE REVIEWED USING LOCAL SOURCES THAT INCLUDED THE WASHINGTON POST.COM AND THE ASAE CAREER CENTER; BOTH RESOURCES ARE CONSIDERED LEADING INDUSTRY RESOURCES FOR ASSOCIATION PROFESSIONALS. THE COMPARISON SURVEY OF NVTC POSITIONS AND RECOMMENDATIONS WERE GIVEN TO THE COMMITTEE FOR REVIEW. THE RECOMMENDATION WAS TO ADJUST THE BASE SALARIES OF FOUR STAFF POSITIONS TO MORE CLOSELY ALIGN WITH THE MEDIAN FOR THOSE POSITIONS USING THE NOTED INDUSTRY RESOURCES. THE FOUR STAFF POSITIONS INCLUDED THE COO, VP OF PUBLIC POLICY, IT DIRECTOR AND THE CONTROLLER. ALL REMAINING POSITIONS WERE FOUND TO BE IN ALIGNMENT WITH INDUSTRY STANDARDS. GOING FORWARD FROM THE INITIAL OVERALL COMPREHENSIVE REVIEW, THE COO CURRENTLY DETERMINES ALL COMPENSATION LEVELS USING THE ABOVE MENTIONED CURRENT INDUSTRY SALARY RESOURCE STANDARDS AND COMPARABLE DATA ANNUALLY DURING THE BUDGETARY PROCESS. COMPENSATION CHANGES ARE APPROVED BY THE PRESIDENT & CEO AND THE NVTC EXECUTIVE COMMITTEE BOARD OF DIRECTORS. THE PRESIDENT AND CEO POSITION WAS EXEMPT FROM THIS PROCESS. THIS POSITION UTILIZES AN EMPLOYMENT CONTRACT. THE PRESIDENT AND CEOS CONTRACT AND PERFORMANCE EVALUATION IS PERIODICALLY REVIEWED AND RENEGOTIATED WITH THE CURRENT CHAIRMAN OF THE NVTC BOARD OF DIRECTORS. THE CONTRACT WAS RENEGOTIATED AND SIGNED ON MARCH 1, 2012. THIS RATE OF PAYS EFFECTIVE BEGIN DATE IS JANUARY 1, 2012. FORM 990, PART VI, SECTION C, LINE 19 THE COUNCIL WILL PROVIDE FORMS 1023, 990 AND 990-T, GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS TO THE PUBLIC WHEN REQUESTED. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -4,490. FORM 990, PART IV CHECKLIST OF REQUIRED SCHEDULES LINE 12A THE JUNE 30, 2012 AUDIT HAS BEEN DELAYED BUT WILL BE CONDUCTED IN CALENDAR YEAR 2013.