Pittsburgh Venture Capital Association

Nonprofit profile at a glance

EIN
251566467
IRS 990 coverage
2020–2024
Forms available
Form 990 2024
Location
Bridgeville, PA, USA
Phone
4122285826
Rating confidence
Limited

Official website

Reported finances

Revenue
$265,563
Expenses
$379,343
Assets
$86,374
Liabilities
$45,991

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

23 people listed

Executive titles in this filing

  • KELLY SZEJKO (PRESIDENT)

Highest reported compensation

  • KELLY SZEJKO (PRESIDENT): $100,978 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The pittsburgh venture capital association was founded in 1982 to catalyze venture investment and entrepreneurialism in western Pennsylvania. Since then it has become the leading voice of private equity investors in the region.through a wide range of programs, the pvca facilitates quality deal flow, encourages investor collaboration, and fosters important relationships with key service providers. Every major regional venture capital firm is represented in our membership, as well as numerous first-tier service providers.

What it reported doing in 2024

The pvca works as an advocate for the venture capital industry and facilitates the flow of capital into promising ventures through networking luncheons, receptions, prominent events that encourage discussions on topics pertaining to investment trends, financing, tax issues, ipos and public policy issues. The focus is western Pennsylvania but influence has expanded nationally through events such as the high-profile 3 rivers venture fair, which is held every 18 months and attracts more than 700 attendees, including some of the nation's most prominent investors and firms. The 3 rivers venture fair offers an opportunity for entrepreneurs to showcase their companies directly to venture capitalists for funding. The annual awards dinner is held to recognize business leaders for their outstanding contributions to the region's economic and entrepreneurial vitality in western Pennsylvania. Other meetings are held every other month.

Operating model

Revenue model
Earned-program. 93% 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: 90
  • Accountability: 87
  • Sustainability: 9
  • Growth: 40

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; 64th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 95.7%; rating input score 96; 26th percentile among comparable filings
  • Governance controls: 6 of 8 controls in place; rating input score 75
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -42.8%; rating input score 6; 6th percentile among comparable filings
  • Total-asset coverage ratio: 0.23; rating input score 13; 13th percentile among comparable filings
  • Liabilities to assets ratio: 0.53; rating input score 10; 10th percentile among comparable filings
  • Officer compensation ratio: 26.6%; rating input score 13; 13th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 8.3% per year; rating input score 100; 67th percentile among comparable filings
  • Asset growth: -1.6% per year; rating input score 0; 19th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 22 of 23 board members independent · 6 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $379K in reported program spending
  • Leadership: top reported pay $101K · 23 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 1 filed schedules
  • Filing history: 5 filing years from 2020 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: Filed and resolved organization relationships.
  • 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.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Sustainability: Operating margin scored 6/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 13/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • High — Sustainability: Liabilities to assets ratio scored 10/100.
  • High — Sustainability: Officer compensation ratio scored 13/100.