Vcfamilia

Nonprofit profile at a glance

EIN
862199054
IRS 990 coverage
2022–2024
Forms available
Form 990 2024
Location
San Francisco, CA, USA
Phone
6503356113
Rating
62
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Intergroup, Race Relations

Official website

Reported finances

Revenue
$614,601
Expenses
$549,200
Assets
$360,929
Liabilities
$0

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

Leadership & pay

6 people listed

Executive titles in this filing

  • Cheryl Campos (CEO)
  • Sarah Millar (President)

Highest reported compensation

  • Cheryl Campos (CEO): $59,648 total reported compensation
  • Alex Ruiz (Board Member): $20,000 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 specific purpose is to create an open and inclusive environment for current and future Latinx investors and founders to thrive.

What it reported doing in 2024

4 part series that helped diverse candidates prepare to interview with venturecapital firms and increase the amount of diverse investorsCo-working sessions - Help numerous coworking sessions in different cities thathelped 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 celebrationsacross 8 different cities. Invited allies, media, VCs, and founders to educate theindustry on our culture and celebrate our community.Hispanic Heritage Keynotes - Held a founder and VC keynote speech. Each speech helpedconnect our community with industry leaders in an open environment to ask questionsand help with mentorship.LP GP Series - Created a series in which we invited one LP to connect with LatineGPs. The sessions were private to create an environment of trust and allow GPs to askany questions to an LP. This is to lower the barrier of information for emerging fundmanagers and connect them with future investors.LBAN Series - Help many events in coordinate with Latino Business Action Network outof Stanford.Newsletters - Delivered bi-weekly newsletters to our community highlighting theaccomplishments of our members, any open positions, and industry news.Intersectional chats - Held events at the intersectionality of LGBTQ+, Black, NativeAmerican, and Asian American and our Latine community. We do this to help fosterinclusion of our community as we understand are members are diverse.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Hybrid. The nonprofit split its reported program spending across 64% for direct work, and 36% for grants.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of voting board members are independent and the filing reports few safeguards for money sent abroad.

Rating breakdown

  • Financial Efficiency: 67
  • Transparency & Controls: 70
  • Accountability: 35
  • Sustainability: 52
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 72.5%; rating input score 72
  • Program expense ratio: 81%; rating input score 81
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 90%; rating input score 90; 5th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: 0 of 8 controls in place; rating input score 0
    • Claims monitoring procedures: Fail
    • Requires narrative reports: Fail
    • Conducts field audits: Fail
    • May suspend future funding: Fail
    • Requires financial reports: Fail
    • Conducts site visits: Fail
    • Requires grant agreements: Fail
    • May require repayment: Fail
  • Grant itemization coverage: 100%; rating input score 100; 76th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 33.3%; rating input score 33; 10th percentile among comparable filings
  • Governance controls: 3 of 8 controls in place; rating input score 38
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Fail
    • 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: 10.6%; rating input score 62; 62nd percentile among comparable filings
  • Total-asset coverage ratio: 0.66; rating input score 30; 30th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 91; 91st percentile among comparable filings
  • Officer compensation ratio: 14.5%; rating input score 24; 24th percentile among comparable filings

Growth

  • Program expense growth: 71% per year; rating input score 100; 98th percentile among comparable filings
  • Revenue growth: 41.5% per year; rating input score 100; 95th percentile among comparable filings
  • Asset growth: 42.2% per year; rating input score 100; 95th percentile among comparable filings

Details

  • Where the money goes: 72.5% of revenue deployed · 81% of spending went to programs
  • Governance: 1 of 3 board members independent · 3 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $445K in reported program spending
  • Leadership: top reported pay $60K · 6 people listed
  • Consistency: 26 of 27 current checks pass · 1 finding to review
  • Schedules: 5 filed schedules · includes major donors, foreign activity, and grants
  • Filing history: 3 filing years from 2022 to 2024
  • Contacts: How to reach this organization
  • Money network: 8 filed money-flow records
  • Related organizations: 6 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.
  • 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.

  • Moderate — Accountability: Independent voting board scored 33/100.
  • High — Transparency & Controls: Foreign activity oversight: 8 of 8 not reported.
  • Moderate — Accountability: Governance controls: 4 of 7 not reported.
  • Moderate — Sustainability: Total-asset coverage ratio scored 30/100.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
  • High — Sustainability: Officer compensation ratio scored 24/100.