Pittsburgh Venture Capital Association

Organization Overview

Pittsburgh Venture Capital Association is located in Bridgeville, PA. The organization was established in 2002. According to its NTEE Classification (S43) the organization is classified as: Small Business Development, 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. Pittsburgh Venture Capital Association 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 07/2023, Pittsburgh Venture Capital Association generated $430.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (4.4%) each year. All expenses for the organization totaled $419.2k during the year ending 07/2023. As we would expect to see with falling revenues, expenses have declined by (4.6%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

THE PITTSBURGH VENTURE CAPITAL ASSOCIATION WAS FOUNDED IN 1982 TO CATALYZE VENTURE INVESTMENT AND ENTREPRENEURIALISM IN WESTERN PENNSYLVANIA. SINCE THEN IT HAS BECOME THE LEADING VOICE OF PRIVATE EQUITY INVESTORS IN THE REGION.THROUGH A WIDE RANGE OF PROGRAMS, THE PVCA FACILITATES QUALITY DEAL FLOW, ENCOURAGES INVESTOR COLLABORATION, AND FOSTERS IMPORTANT RELATIONSHIPS WITH KEY SERVICE PROVIDERS. EVERY MAJOR REGIONAL VENTURE CAPITAL FIRM IS REPRESENTED IN OUR MEMBERSHIP, AS WELL AS NUMEROUS FIRST-TIER SERVICE PROVIDERS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE PVCA WORKS AS AN ADVOCATE FOR THE VENTURE CAPITAL INDUSTRY AND FACILITATES THE FLOW OF CAPITAL INTO PROMISING VENTURES THROUGH NETWORKING LUNCHEONS, RECEPTIONS, PROMINENT EVENTS THAT ENCOURAGE DISCUSSIONS ON TOPICS PERTAINING TO INVESTMENT TRENDS, FINANCING, TAX ISSUES, IPOS AND PUBLIC POLICY ISSUES. THE FOCUS IS WESTERN PENNSYLVANIA BUT INFLUENCE HAS EXPANDED NATIONALLY THROUGH EVENTS SUCH AS THE HIGH-PROFILE 3 RIVERS VENTURE FAIR, WHICH IS HELD EVERY 18 MONTHS AND ATTRACTS MORE THAN 700 ATTENDEES, INCLUDING SOME OF THE NATION'S MOST PROMINENT INVESTORS AND FIRMS. THE 3 RIVERS VENTURE FAIR OFFERS AN OPPORTUNITY FOR ENTREPRENEURS TO SHOWCASE THEIR COMPANIES DIRECTLY TO VENTURE CAPITALISTS FOR FUNDING. THE ANNUAL AWARDS DINNER IS HELD TO RECOGNIZE BUSINESS LEADERS FOR THEIR OUTSTANDING CONTRIBUTIONS TO THE REGION'S ECONOMIC AND ENTREPRENEURIAL VITALITY IN WESTERN PENNSYLVANIA. OTHER MEETINGS ARE HELD EVERY OTHER MONTH.


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Board, Officers & Key Employees

Name (title)Compensation
Mike Stubler
Chairman
$0
Kelly Szejko
President
$118,428
Michael Matesic
Treasurer
$0
Joe Slezak
Secretary
$0
Jeremy Garvey
Chairman Emeritus
$0
David Berk
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$14,040
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$14,040
Total Program Service Revenue$416,595
Investment income $16
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $430,651

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