2024-11-13T17:29:18-06:00 2023-12-31 521446779 JOHNSON LAMBERT LLP 4242 SIX FORKS ROAD SUITE 1500 RALEIGH NC 27609 990 2023-01-01 474114024 THE VENTURE CAPITAL FOUNDATION VENT 2028645920 200 MASSACHUSETTS AVE NW 520 WASHINGTON DC 20001 MARYAM HAQUE EXECUTIVE DIRECTOR 2028645920 2024-11-13 1 0 J CALVIN MARKS P01226973 9197196400 2023 2024-10-15 13:58:12Z X VENTURE FORWARD MARYAM HAQUE 200 MASSACHUSETTS AVE NW 520 WASHINGTON DC 20001 1676743 0 X VENTUREFORWARD.ORG X 2015 DC VENTURE FORWARD IS A NON-PROFIT FOUNDATION WITH A MISSION TO DIVERSIFY, EDUCATE, AND EMPOWER THE VENTURE CAPITAL INVESTOR CLASS TO ADVANCE THE INDUSTRY AND MAXIMIZE IMPACT AND RETURNS. WE PROVIDE EDUCATION, RESOURCES, AND CONNECTIONS TO DRIVE INTERSECTIONAL DIVERSITY WITHIN THE VENTURE CAPITAL COMMUNITY. 11 10 0 12 0 0 491309 559501 604500 832445 65974 284254 0 0 1161783 1676200 0 0 0 0 653491 911338 0 0 80800 233764 286505 887255 1197843 274528 478357 6760254 7700762 1011468 1256119 5748786 6444643 X VENTURE FORWARD IS A 501(C)(3) SUPPORTING ORGANIZATION TO NVCA, WITH A MISSION IS TO DIVERSIFY, EDUCATE, AND EMPOWER THE VC INVESTOR CLASS TO ADVANCE THE INDUSTRY AND MAXIMIZE IMPACT AND RETURNS. WE PROVIDE EDUCATION, RESOURCES, AND CONNECTIONS TO DRIVE INTERSECTIONAL DIVERSITY WITHIN THE VENTURE CAPITAL COMMUNITY. WE ENABLE EMERGING INVESTORS TO BECOME VC INVESTORS BY CREATING OPPORTUNITIES AND OPENING DOORS THAT MIGHT OTHERWISE HAVE BEEN CLOSED TO THEM. FOR VC INVESTORS AND FIRMS, WE REPRESENT A "SQUARE ONE" RESOURCE TO HELP THEM IMPLEMENT MEANINGFUL DIVERSITY, EQUITY, AND INCLUSION PRACTICES. 0 0 871479 804445 THE FOUNDATION HOSTS THE FOLLOWING EDUCATIONAL EVENTS: VC UNIVERSITY IS A FOUNDATIONAL CERTIFICATE COURSE ON VENTURE FINANCE, CREATED IN 2019 THROUGH THE PARTNERSHIP OF NVCA, VENTURE FORWARD, AND STARTUP@BERKELEYLAW AT THE UC BERKELEY SCHOOL OF LAW. VENTUE FORWARD CO-LED THREE COHORTS IN 2023 WITH APPROXIMATELY 300 PARTICIPANTS IN EACH COHORT.LP OFFICE HOURS, RENAMED TO EMERGING MANAGER OFFICE HOURS, IS AN OPPORTUNITY FOR EMERGING VC FUND MANAGERS FROM DIVERSE BACKGROUNDS TO HAVE CANDID CONVERSATIONS WITH LIMITED PARTNERS, EXPERIENCED GENERAL PARTNERS, AND INDUSTRY ADVISORS, AT A CURATED, HALF-DAY EVENT. VENTURE FORWARD PRODUCED TWO PROGRAMS IN 2023, SERVING 50 EMERGING MANAGERS. 96831 35000 THE VC HUMAN CAPITAL SURVEY, POWERED BY NVCA, VENTURE FORWARD, AND DELOITTE, IS CONDUCTED BIENNIALLY AND CAPTURES CRITICAL DATA ON THE WORKFORCE AT VC FIRMS, INCLUDING THE DEMOGRAPHICS WITHIN THE VC INDUSTRY AND THE CURRENT STATE OF DIVERSITY, EQUITY, AND INCLUSION ACROSS THE INDUSTRY. THE SURVEY IS AN EDUCATIONAL RESOURCE FOR VC FIRMS TO BENCHMARK AND UNDERSTAND HOW TO EXPAND THE DIVERSITY OF THEIR TEAMS AND PORTFOLIO. THE FOURTH EDITION OF THE SURVEY WAS RELEASED IN 2023. 968310 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 11 10 0 0 0 0 0 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 X ROBERT BOBBY FRANKLIN 2028645920 200 MASSACHUSETTS AVE NW 520 WASHINGTON DC 20001 ROBERT BOBBY FRANKLIN DIRECTOR 0.75 36.75 X 0 1285436 164837 MARYAM HAQUE EXECUTIVE DIRECTOR 37.25 0.25 X 0 453583 26813 KATE MITCHELL CHAIR 1.00 X X 0 0 0 CHRISTY CHIN TREASURER (TO MAY '23) 0.30 X X 0 0 0 JENNIFER FRIEL GOLDSTEIN TREASURER 0.30 X X 0 0 0 RAY LEACH SECRETARY (TO MAY '23) 0.30 X X 0 0 0 NICOLE WALKER SECRETARY 0.30 X X 0 0 0 BARRY EGGERS DIRECTOR 0.30 X 0 0 0 SAMARA HERNANDEZ DIRECTOR 0.30 X 0 0 0 CHARLES HUDSON DIRECTOR 0.30 2.00 X 0 0 0 COURTNEY MCCREA DIRECTOR 0.30 X 0 0 0 CANDICE MORGAN DIRECTOR (FROM MAY '23) 0.30 X 0 0 0 ELLIOTT ROBINSON DIRECTOR 0.30 X 0 0 0 ELLIE WHEELER DIRECTOR (FROM MAY '23) 0.30 X 0 0 0 0 1739019 191650 0 0 1 0 0 559501 559501 EDUCATIONAL EVENTS 900099 797445 485604 311841 HUMAN CAPITAL SURVEY 900099 35000 35000 832445 280290 280290 4507 543 3964 3964 3964 1676200 520604 0 596095 X 755644 613125 89029 53490 46815 37985 5516 3314 46221 37503 5446 3272 62658 50841 7382 4435 4496 2333 2047 116 6234 3235 2838 161 14326 7436 6522 368 4123 3280 495 348 19607 17272 2268 67 50396 44314 5834 248 18780 14947 2253 1580 SHARED COSTS 155135 123469 18610 13056 BOOKS 9302 9302 DUES & SUBSCRIPTIONS 4106 3268 493 345 1197843 968310 148733 80800 250556 250570 6107905 7135703 197897 90264 145600 176755 84362 37346 58296 47016 0 454 6760254 7700762 11028 12962 115507 91667 884933 1151490 1011468 1256119 X 5153845 6157335 594941 287308 5748786 6444643 6760254 7700762 X 478357 217500 X 0 1 X 1 0 X X X 1 NATIONAL VENTURE CAPITAL ASSOCIATION 521296842 10 1 0 968310 1 0 968310 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 PART IV, SECTION A, LINE 2: DETERMINATION IS MADE ON A CONTINUAL BASIS THROUGH THE MONITORING OF SUPPORTED ORGANIZATION REVENUES AND INVESTMENT INCOME, IN ACCORDANCE WITH THE REQUIREMENTS OF IRC SECTION 509(A)(2) PUBLIC SUPPORT TEST. PART IV, SECTION A, LINE 3B: DETERMINATION IS MADE ON A CONTINUAL BASIS THROUGH THE MONITORING OF SUPPORTED ORGANIZATION REVENUES AND INVESTMENT INCOME, IN ACCORDANCE WITH THE REQUIREMENTS OF IRC SECTION 509(A)(2) PUBLIC SUPPORT TEST. PART IV, SECTION A, LINE 3C: ACCORDING TO THE FOUNDATION'S BYLAWS, ANY SUPPORT PROVIDED TO ITS SUPPORTED ORGANIZATION IS TO BE IN FURTHERANCE OF INFORMATIONAL AND EDUCATIONAL PURPOSES. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2590 2158 432 81772 35188 46584 47016 DUE TO AFFILIATE 1151490 1151490 X X X 0 1 0 0 0 0 0 0 0 ROBERT BOBBY FRANKLIN DIRECTOR 0 959936 0 325500 0 0 0 106500 0 58337 0 1450273 0 0 MARYAM HAQUE EXECUTIVE DIRECTOR 0 368583 0 85000 0 0 0 16500 0 10313 0 480396 0 0 PART I, LINE 4B ROBERT "BOBBY" FRANKLIN PARTICIPATES IN A NONQUALIFIED DEFERRED COMPENSATION SUPPLEMENTAL RETIREMENT PLAN UNDER SECTION 457F OF THE IRC (THE "PLAN"). TOTAL CONTRIBUTIONS TO THE PLAN FOR 2023 WERE $90,000. THIS PLAN IS ENTIRELY FUNDED BY NVCA, AND NOT BY THE FOUNDATION. FORM 990, PART VI, SECTION A, LINE 7A THE DIRECTORS OF THE FOUNDATION ARE ELECTED BY NVCA. NVCA MAY REMOVE A DIRECTOR AT ANY TIME. IN THE CASE OF A VACANCY, NVCA WILL APPOINT A DIRECTOR TO FILL THE VACANT SEAT. FORM 990, PART VI, SECTION A, LINE 7B THE NUMBER OF DIRECTORS MAY BE INCREASED OR DECREASED FROM TIME TO TIME BY ACTION OF NVCA. FORM 990, PART VI, SECTION B, LINE 11B DRAFT VERSIONS OF THE 990 TAX RETURNS ARE REVIEWED BY THE EXECUTIVE DIRECTOR OF THE FOUNDATION AND THEN FORWARDED TO THE TREASURER PRIOR TO FILING. THE TREASURER REPORTS TO THE BOARD OF DIRECTORS. THE DRAFT 990 IS CIRCULATED TO THE FULL BOARD AND THE BOARD HAS THE OPPORTUNITY TO COMMENT AND ASK QUESTIONS ABOUT THE DRAFT 990 PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE FOUNDATION REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICY THROUGH A PERIODIC REVIEW. THIS PERIODIC REVIEW INCLUDES, AT A MINIMUM, THE FOLLOWING SUBJECTS: 1. WHETHER COMPENSATION ARRANGEMENTS AND BENEFITS ARE REASONABLE, BASED ON COMPETENT SURVEY INFORMATION, AND THE RESULT OF ARM'S LENGTH BARGAINING; AND 2. WHETHER PARTNERSHIPS, JOINT VENTURES, AND ARRANGEMENTS WITH MANAGEMENT ORGANIZATIONS CONFORM TO THE ORGANIZATION'S WRITTEN POLICIES, ARE PROPERLY RECORDED, REFLECT REASONABLE INVESTMENT OF PAYMENTS FOR GOODS AND SERVICES, FURTHER CHARITABLE PURPOSES AND DO NOT RESULT IN INUREMENT, IMPERMISSIBLE PRIVATE BENEFIT OR IN AN EXCESS BENEFIT TRANSACTION. FORM 990, PART VI, SECTION B, LINE 15A THE SALARY OF THE EXECUTIVE DIRECTOR IS SET BY THE CHAIR UPON ANNUAL REVIEW. THE PROCESS FOR DETERMINING COMPENSATION IS DETERMINED BY REFERENCE TO CERTAIN INDUSTRY BENCHMARKS. FORM 990, PART VI, SECTION C, LINE 19 VCF MAKES ITS GOVERNING DOCUMENTS, ALL WRITTEN POLICIES, AND ALL FINANCIAL STATEMENTS AVAILABLE TO BOARD MEMBERS. THE FOLLOWING ARE AVAILABLE TO STAFF: THE AUDITED FINANCIAL STATEMENTS, GOVERNING DOCUMENTS, AND ALL WRITTEN POLICIES. TAX RETURN IS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX: BEGINNING IN TAX YEAR 2023, THE FOUNDATION HAS UPDATED THEIR FUNCTIONAL EXPENSE ALLOCATION REPORTING PROCESS TO MORE ACCURATELY REPORT THE ACCOMPLISHMENT OF THEIR EXEMPT PURPOSE. CERTAIN TYPES OF EXPENSES INCURRED TO ADVANCE THE EXEMPT PURPOSE OF THE ORGANIZATION THAT WERE CATEGORIZED ON PREVIOUS TAX RETURNS AS MANAGEMENT AND GENERAL EXPENSES ARE BEING PROPERLY REPORTED AS PROGRAM EXPENSES IN 2023. FORM 990, PART XI, LINE 9: RECOVERY OF BAD DEBT 217,500. NATIONAL VENTURE CAPITAL ASSOCIATION 200 MASSACHUSETTS AVE NW 520 WASHINGTON DC 20001 521296842 TRADE ORGANIZATION DC 501(C)(6) 0 NATIONAL VENTURE CAPITAL ASSOCIATION POLITICAL ACTION COMMITTEE 200 MASSACHUSETTS AVE NW 520 WASHINGTON DC 20001 521302883 POLITICAL CAMPAIGN CONTRIBUTIONS DC 527 NATIONAL VENTURE CAPITAL ASSOCIATION 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0 NATIONAL VENTURE CAPITAL ASSOCIATION O 911338 FMV NATIONAL VENTURE CAPITAL ASSOCIATION P 909933 FMV NATIONAL VENTURE CAPITAL ASSOCIATION N 155135 FMV