National Venture Capital Association
Nonprofit profile at a glance
- EIN
- 521296842
- IRS 990 coverage
- 2017–2024
- Forms available
- Form 990 2024
- Location
- Washington, DC, USA
- Phone
- 2028645920
- Rating confidence
- Limited
Reported finances
- Revenue
- $9,423,661
- Expenses
- $7,762,535
- Assets
- $18,112,050
- Liabilities
- $7,197,583
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
46 people listed
Executive titles in this filing
- ROBERT BOBBY FRANKLIN (PRESIDENT & CEO)
- MARYAM HAQUE (EXECUTIVE DIRECTOR, VENTURE FORWARD)
- JASON VITA (VICE PRESIDENT BUSINESS DEVELOPMENT)
Highest reported compensation
- ROBERT BOBBY FRANKLIN (PRESIDENT & CEO): $1,537,680 total reported compensation
- CHRISTINA MARTIN (CHIEF OPERATING OFFICER): $563,053 total reported compensation
- MARYAM HAQUE (EXECUTIVE DIRECTOR, VENTURE FORWARD): $538,174 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
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.
What it reported doing in 2024
Advocacy & industry initiatives: nvca works with policymakers, the media, and organizations nationwide to foster an understanding of 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 efforts to promote the important role of venture capital in supporting entrepreneurship and innovation.
Operating model
- Revenue model
- Earned-program. 95% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 94
- Accountability: 95
- Sustainability: 58
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 5 of 6 controls in place; rating input score 83
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Pass
- Written employment contract: Pass
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Yes; rating input score 100
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 8 of 9 controls in place; rating input score 89
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 17.6%; rating input score 74; 74th percentile among comparable filings
- Total-asset coverage ratio: 2.33; rating input score 67; 67th percentile among comparable filings
- Liabilities to assets ratio: 0.4; rating input score 27; 27th percentile among comparable filings
- Officer compensation ratio: 46.2%; rating input score 2; 2nd percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 9.1% per year; rating input score 100; 65th percentile among comparable filings
- Asset growth: 18.5% per year; rating input score 100; 81st percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 31 of 31 board members independent · 8 of 9 filing controls reported
- Programs: 3 filed program accomplishments
- Leadership: top reported pay $1.5M · 46 people listed · 5 of 6 pay-setting controls reported
- Highest-paid contractors: 4 contractors listed · $768K reported
- Consistency: 12 of 12 current checks pass
- Schedules: 5 filed schedules · includes executive pay and related organizations
- Filing history: 7 filing years from 2017 to 2024
- Contacts: How to reach this organization
- Money network: 7 filed money-flow records
- Related organizations: 2 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Accountability: Governance controls: Other executive compensation review process not reported.
- High — Sustainability: Officer compensation ratio scored 2/100.
- High — Sustainability: Liabilities to assets ratio scored 27/100.