Mid-Atlantic Venture Association Inc Baltimore-Washington Chapter

Organization Overview

Mid-Atlantic Venture Association Inc Baltimore-Washington Chapter is located in Washington, DC. The organization was established in 1991. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Mid-Atlantic Venture Association Inc Baltimore-Washington Chapter employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mid-Atlantic Venture Association Inc Baltimore-Washington Chapter 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 12/2022, Mid-Atlantic Venture Association Inc Baltimore-Washington Chapter generated $70.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (27.7%) each year. All expenses for the organization totaled $422.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

FOSTERS THE DEVELOPMENT AND GROWTH OF BUSINESS ENTERPRISE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

CONFERENCES:SHOWCASES THE REGION'S PREMIER COMPANIES FOR PRIVATE EQUITY INVESTMENT OPPORTUNITIES AND TO FOSTER COMPANY GROWTH. FOCUSES ON TECH AND LIFE SCIENCE INDUSTRIES FOR PRIVATE EQUITY INVESTMENT OPPORTUNITIES.INABILITY TO CONDUCT IN-PERSON EVENTS POST-COVID CONTINUED TO IMPERIL ABILITY TO GENERATE REVENUE. THE ORGANIZATION IS IN THE PROCESS OF WINDING DOWN OPERATIONS.


EDUCATION AND OPERATIONAL WORKSHOPS:PROVIDE EDUCATIONAL WORKSHOPS TO START-UP AND HIGH GROWTH COMPANIES AND PRIVATE FINANCING PROFESSIONALS.INABILITY TO CONDUCT IN-PERSON EVENTS POST-COVID CONTINUED TO IMPERIL ABILITY TO GENERATE REVENUE. THE ORGANIZATION IS IN THE PROCESS OF WINDING DOWN OPERATIONS.


LUNCHEON, PROGRAMS, RECEPTIONS, WORKSHOPS, AND OTHER EVENTS: FEATURE SPEAKERS AND/OR BUSINESS DISCUSSIONS REGARDING ENTREPRENEURIAL CONCERNS, INVESTMENT TRENDS, TECHNOLOGY ADVANCES, COMPANY FINANCING, TAX MATTERS, IPOS AND PUBLIC POLICY ISSUES.INABILITY TO CONDUCT IN-PERSON EVENTS POST-COVID CONTINUED TO IMPERIL ABILITY TO GENERATE REVENUE. THE ORGANIZATION IS IN THE PROCESS OF WINDING DOWN OPERATIONS.


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Board, Officers & Key Employees

Name (title)Compensation
Julia Spicer
Executive Director, Exec C
$148,183
Mark Levine
Chairman (and Interim Trea
$0
Todd Klein
Board Member, Exec Committ
$0
Mark Maloney
Board Member, Exec Committ
$0
Jonathan Perl
Board Member, Exec Committ
$0
Thomas Roberts
Board Member, Exec Committ
$0

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$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$70,000
Investment income $32
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 $70,032

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