Vcfamilia
- Assets
- $140.2k
- Revenue
- $259.7k
- Investments
- $0.0
- Employees
- 0
- Location
- San Francisco, CA
- Founding
- Data as of
- 12/2022
- EIN
- 86-2199054
Organization Overview
Vcfamilia is located in San Francisco, CA. According to its NTEE Classification (R30) the organization is classified as: Intergroup & Race Relations, under the broad grouping of Civil Rights, Social Action & Advocacy and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vcfamilia is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE SPECIFIC PURPOSE OF THIS INCORPORATION IS TO CREATE AN OPEN AND INCLUSIVE ENVIRONMENT FOR CURRENT AND FUTURE LATINX INVESTORS AND FOUNDERS TO THRIVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
4 PART SERIES THAT HELPED DIVERSE CANDIDATES PREPARE TO INTERVIEW WITH VENTURE CAPITAL FIRMS AND INCREASE THE AMOUNT OF DIVERSE INVESTORSCO-WORKING SESSIONS - HELP NUMEROUS COWORKING SESSIONS IN DIFFERENT CITIES THAT HELPED CONNECT FOUNDERS AND VCS.PITCH COMPETITION - HELP A NATIONAL PITCH COMPETITION FOR LATINE FOUNDERS WITH ONE $50K WINNER (LEADSALES)HISPANIC HERITAGE MONTH CELEBRATIONS - HELD HISPANIC HERITAGE MONTH CELEBRATIONS ACROSS 8 DIFFERENT CITIES. INVITED ALLIES, MEDIA, VCS, AND FOUNDERS TO EDUCATE THE INDUSTRY ON OUR CULTURE AND CELEBRATE OUR COMMUNITY. HISPANIC HERITAGE KEYNOTES - HELD A FOUNDER AND VC KEYNOTE SPEECH. EACH SPEECH HELPED CONNECT OUR COMMUNITY WITH INDUSTRY LEADERS IN AN OPEN ENVIRONMENT TO ASK QUESTIONS AND HELP WITH MENTORSHIP. LP GP SERIES - CREATED A SERIES IN WHICH WE INVITED ONE LP TO CONNECT WITH LATINE GPS. THE SESSIONS WERE PRIVATE TO CREATE AN ENVIRONMENT OF TRUST AND ALLOW GPS TO ASK ANY QUESTIONS TO AN LP. THIS IS TO LOWER THE BARRIER OF INFORMATION FOR EMERGING FUND MANAGERS AND CONNECT THEM WITH FUTURE INVESTORS.LBAN SERIES - HELP MANY EVENTS IN COORDINATE WITH LATINO BUSINESS ACTION NETWORK OUT OF STANFORD. NEWSLETTERS - DELIVERED BI-WEEKLY NEWSLETTERS TO OUR COMMUNITY HIGHLIGHTING THE ACCOMPLISHMENTS OF OUR MEMBERS, ANY OPEN POSITIONS, AND INDUSTRY NEWS. INTERSECTIONAL CHATS - HELD EVENTS AT THE INTERSECTIONALITY OF LGBTQ+, BLACK, NATIVE AMERICAN, AND ASIAN AMERICAN AND OUR LATINE COMMUNITY. WE DO THIS TO HELP FOSTER INCLUSION OF OUR COMMUNITY AS WE UNDERSTAND ARE MEMBERS ARE DIVERSE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carlos Castellanos Director | Trustee | 10 | $0 |
Adriana Embus Director | Trustee | 10 | $0 |
Jesus Salas Director | Trustee | 10 | $0 |
Afnajjer Hernandez CFO | Officer | 10 | $0 |
Cheryl Campos CEO | Officer | 10 | $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 | $259,674 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $259,674 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $259,674 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $50,000 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,073 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,000 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $484 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $3,041 |
| Total functional expenses | $119,521 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $140,153 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $140,153 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $140,153 |
| Total liabilities and net assets/fund balances | $140,153 |