Vcbc
- Assets
- $170.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Palo Alto, CA
- Founding
- 05/2011
- Data as of
- 12/2023
- EIN
- 20-2063973
Organization Overview
Vcbc is located in Palo Alto, CA. The organization was established in 2011. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vcbc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2023, Vcbc generated $153.4k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 7.2% each year. All expenses for the organization totaled $111.4k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
VIRTUAL AND IN-PERSON MEMBER EDUCATION AND NETWORKING EVENTS FOR ACCOUNTING & FINANCE PROFESSIONALS IN THE VENTURE CAPITAL INDUSTRY. SIXTEEN EVENTS WERE HELD IN 2023 INCLUDING SEVEN IN-PERSON. TOPICS INCLUDED TREASURY MANAGEMENT BANKING SOFTWARE LIQUIDITY SOLUTIONS PORTFOLIO CONSTRUCTION TAX AND ACCOUNTING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Albang Chairperson | 2 | $0 | |
Greg Lyon Chairperson | 2 | $0 | |
Louis Corso CFO | 2 | $0 | |
Sonya Hanna Secretary | 2 | $51,000 | |
Rebecca Lucia Director | 2 | $0 | |
Purvi Shah Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $23,750 |
| Membership dues | $129,600 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $153,350 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $52,000 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $59,368 |
| Total expenses | $111,368 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $161,023 |
| Other assets | $0 |
| Total assets | $170,611 |
| Total liabilities | $31,864 |
| Net assets or fund balances | $138,747 |