2024-03-26T11:00:10-07:00 2023-12-31 680228024 HARMON BURSTYN CPA 1012 HACIENDA DR WALNUT CREEK CA 94598 990EZ 2023-01-01 872116451 Diversity VC US DIVE 6092404508 153 S Oxford Street 2 Brooklyn NY 11217 Sarah Millar President 2024-03-26 true Sarah Millar 999009999 true Harmon Burstyn P00855188 9252863522 X 2 AAL1 IAL1 FAL1 2023 2023-04-26 12:10:37Z X https://diversity.vc X X 130928 X 112500 2650 15778 0 0 0 0 130928 22555 34915 36895 94365 36563 23591 9797 69951 X 22948 69068 2643 883 25591 69951 2000 23591 69951 Diversity VC US promotes diversity in the Venture Capital industry through thought leadership, career development, standard-setting and establishing best practices. Data & ResearchDiversity VC US has a team dedicated to data collection, research, and reporting on the state of diversity, equity, and inclusion in the venture capital ecosystem. In general, we plan to release a written report every 2 years summarizing the findings of our research. In the past, Diversity VC US has produced two reports (in 2019 and 2021) focused on the demographics of founders receiving venture capital funding.We collect information for these reports through publicly available and self-reported data from founders and investors. Typically, the team spends approximately 6 months ideating the topic for research, 4 months collecting data, 2 months analyzing data, and another 3-4 months publicizing our findings through events, press releases, and other media. The data & research team consists primarily of uncompensated volunteers who hold full-time, paid positions at other companies in or around the VC space (including VC funds, startups, and consulting firms). Each of these volunteers commit approximately 2 hours per week to data & research activities. Diversity VC US also plans to contract a project manager on an annual basis to manage the data collection and analysis. We anticipate paying this contractor an hourly wage commensurate with experience. The paid contractor is expected to commit 10-15 hours per week over the course of 3 months to project management. The team who conducts the data collection and research do so entirely virtually, meeting twice monthly through video conferencing software. Overall, Diversity VC US allocates approximately 40% of its total time to these activities. Data & research activities are funded by donations from sponsors, including but not limited to banks, consulting firms, law firms, startups, venture capital funds, and other related institutions. These sponsors specify their donations to be used towards a specific project, and donations are one-time (not recurring).This work furthers Diversity VC USs purpose by establishing a baseline upon which the VC industry can improve its DEI practices, and an accountability measure to do so. Through bi-annual reporting, we will be able to provide the industry with insight into its progress on DEI over time and perhaps more importantly, we can provide them with recommendations for how to achieve best practices as quickly as possible. 33972 Future VCDiversity VC US also has a team dedicated to Future VC, an internship and training program provided to aspiring venture capitalists. Diversity VC US works with a network of venture capital funds across the United States to source internship opportunities for talent from underrepresented backgrounds (as defined by race/ethnicity, gender, sexual orientation, socioeconomic status, disability status, veteran status, and/or immigration status). Once a year, we recruit and interview hundreds of candidates for consideration for internship slots provided by participating venture capital funds. Those candidates that are selected as interns by the funds are employed and paid directly by the fund they work for, with a salary that matches at least living wage for the city in which they live. The location of these placements vary, but is typically concentrated in major metro areas (New York, San Francisco, Chicago, Houston, etc.), with program coordination happening virtually. In addition to the internship that they find through participating VCs, candidates are also trained in basic knowledge for venture capital through a free, light curriculum delivered by volunteer instructors. Candidates are required to attend approximately 1 hour in a virtual session with an instructor to learn about a variety of topics related to venture capital. While these have been entirely virtual in the past, we do expect that we may have in-person gatherings at participating VCs offices in the future. The Future VC team is also comprised entirely of volunteers, who fall into two groups: program coordinators and instructors. Program coordinators are volunteers working directly with Diversity VC US to recruit, interview, and place candidates, and ultimately manage the candidates experience. These volunteers generally dedicate 2 hours a week to their activities. Instructors, meanwhile, are volunteers who work in venture capital who dedicate approximately one hour of time in total to instruct a session on a particular topic relevant to venture capital. Diversity VC does not pay interns, instructors, or volunteers that participate in the Future VC program.Internships take place for 8 weeks over the summer, and as such the time spent on the activity is heavily seasonal with a concentration on the summer months (June and July in particular). About 40% of Diversity VC USs overall time is allocated to this activity.This activity furthers our exempt purposes by providing a direct path for underrepresented talent to break into a venture capital job, thereby diversifying the venture capital workforce. To date, the efforts have been conducted without outside funding, but we do anticipate fundraising to hire a part-time program manager in the future. This individual will be paid hourly at a rate commensurate with experience. 33972 EventsFinally, Diversity VC USs all-volunteer events team hosts a series of in-person and virtual gatherings, including workshops and panels, aimed at furthering the progress of DEI in VC. Our past efforts have included launch events for our data and research reports, workshops among venture capitalists to identify areas for DEI improvement in the investment process, and panels with underrepresented talent in the venture capital industry to give career advice. These events typically occur once every quarter (4x per year) and are occasionally co-hosted with like-minded organizations. The preparation and hosting of these events accounts for approximately 20% of Diversity VC USs time. The activities have been funded through donations; individual sponsors will typically support one event per year. These events help further our exempt purposes by providing a forum for funds and individuals in the industry to learn and share best practices related to DEI in VC. We anticipate that the learnings from some of these events will lead to the creation of new initiatives within Diversity VC US or other organizations as we identify additional areas where we can lend our institutional knowledge. 16985 84929 Sarah Millar President 20.00 0 Farooq Abasi Secretary 0.50 0 Doreen Wong VP/Treasurer 0.50 0 false false false false false false false 0 0 0 false 0 0 false NY Ryan-Boer Solutions Inc 2141 Blackfield Drive Concord CA 94520 9252720001 false false false false false false false false false false false NONE NONE true X 120000 128278 248278 0 0 120000 128278 248278 0 248278 0 0 0 248278 X 0.00000 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED Other Expenses.1005 Travel $12953 Other Expenses.1007 Conferences, Conventions, and Meetings $20008 Other Expenses.1012 Insurance $3662 Other Expenses.1 Payroll Fees $162 Other Expenses.2 Telephone, Telecommunications $47 Other Expenses.3 Books, Subscriptions, Ref $38 Other Expenses.4 Other $25 Other Assets.1011 Prepaid Expenses and Deferred Charges - Beginning $2643 Prepaid Expenses and Deferred Charges - Ending $883 Total Liabilities.1001 Accounts Payable and Accrued Expenses - Beginning $2000 Accounts Payable and Accrued Expenses - Ending $0