National Venture Capital Association
- Assets
- $9.3m
- Revenue
- $7.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 07/1973
- Data as of
- 12/2021
- EIN
- 52-1296842
Organization Overview
National Venture Capital Association, operating under the name Nvca, is located in Washington, DC. The organization was established in 1973. 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. Nvca 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 12/2021, Nvca generated $7.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $5.8m during the year ending 12/2021. While expenses have increased by 0.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
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.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADVOCACY & INDUSTRY INITIATIVES: NVCA WORKS WITH POLICYMAKERS, THE MEDIA, AND ORGANIZATIONS NATIONWIDE TO FOSTER AN UNDERSTANDING OF THE 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 OFFICIALDATA 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Bobby Franklin President & CEO | Officer | 36.5 | $1,101,660 |
Justin Field Svp, Government Affairs | 37.5 | $379,923 | |
Maryam Haque Executive Director, Venture Forward | 1.5 | $379,101 | |
Jeffrey Farrah General Counsel | 37.5 | $374,795 | |
Stephanie Volk Vice President Of Development | 37.5 | $231,255 | |
Charlotte Savercool Director Of Government Affairs | 37.5 | $172,418 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Capitol Tax Partners Llp Consulting Services | 12/30/21 | $240,000 |
Mehlman Castagnetti Rosen & Thomas Consulting Services | 12/30/21 | $240,000 |
Cordia Partners Accounting Services | 12/30/21 | $126,930 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,000 |
| Total Program Service Revenue | $7,316,734 |
| Investment income | $4,731 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $60,375 |
| 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 | $7,390,938 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,203,228 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,036,087 |
| Pension plan accruals and contributions | $65,285 |
| Other employee benefits | $97,868 |
| Payroll taxes | $188,974 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $164,248 |
| Fees for services: Accounting | $147,112 |
| Fees for services: Lobbying | $884,798 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $61,500 |
| Advertising and promotion | $0 |
| Office expenses | $117,398 |
| Information technology | $70,366 |
| Royalties | $0 |
| Occupancy | $487,319 |
| Travel | $74,129 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $79,789 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $83,564 |
| Insurance | $25,061 |
| All other expenses | -$3,325 |
| Total functional expenses | $5,758,339 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $353,151 |
| Savings and temporary cash investments | $7,240,529 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $89,566 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $146,431 |
| Net Land, buildings, and equipment | $206,941 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,302,533 |
| Total assets | $9,339,151 |
| Accounts payable and accrued expenses | $382,136 |
| Grants payable | $0 |
| Deferred revenue | $3,051,626 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $783,504 |
| Total liabilities | $4,217,266 |
| Net assets without donor restrictions | $5,121,885 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $9,339,151 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Amt-The Association For Manufacturing Technology Mclean, VA | $46,538,427 | $7,983,774 |
Personal Care Products Council Washington, DC | $26,566,920 | $19,071,135 |
American Hotel & Lodging Association Directory Corporation Washington, DC | $39,158,961 | $23,973,024 |
Responsible Business Alliance Inc Alexandria, VA | $17,217,182 | $20,384,843 |
Asis International Inc Alexandria, VA | $27,323,586 | $13,144,142 |
National Institute For Automotive Service Exellence Leesburg, VA | $25,163,895 | $18,755,834 |
International Masonry Institute Bowie, MD | $25,662,049 | $19,254,775 |
Association For Financial Professionals Inc Bethesda, MD | $30,134,135 | $15,069,162 |
Portland Cement Association Alexandria, VA | $21,852,055 | $18,216,465 |
American College Of Radiology Association Reston, VA | $28,168,186 | $16,951,008 |
Plastics Industry Association Inc Washington, DC | $19,265,703 | $12,261,158 |
Aerospace Industries Association Of America Inc Arlington, VA | $34,239,387 | $18,520,879 |