2024-11-14T22:27:38-07:00 2023-12-31 990EZ 2023-01-01 922046269 LGBT VC LGBT 9174096957 12-32 31st Drive Apt 3A Astoria NY 11106 Jason Block CEO 9174096957 2024-11-14 1 2023 2024-10-15 13:58:12Z X X www.lgbtvc.org X X 169115 X 138949 25000 0 111 0 0 0 0 2842 40 2802 0 0 0 2213 169075 0 0 50662 10838 0 48 85152 146700 22375 0 0 22375 X 0 26333 0 0 0 0 0 26333 0 3958 0 22375 To advance economic opportunity and prosperity for LGBTQ and ally communities through educational programs, supporting the innovation economy. Regional Development & Chapter Leadership Programs: The establishment and growth of regional chapters have been pivotal in increasing community engagement and local support for LGBTQ+ and allied innovators. To date, four chapters have been launched, driving 17 community activities and building a network supporting over 100 nonprofit community partners, 35 corporate partners, and hundreds of businesses across America. These chapters serve as localized hubs that empower members, strengthen community ties, and create opportunities for economic collaboration, amplifying workforce development, educational opportunities, and economic growth for the American public. Programs have included talks, fireside chats, panel discussions in New York, Los Angeles, San Francisco, Boston, Atlanta, Washington DC, and Chicago. 0 51765 The Annual Summit: LGBT+ VC Summit is a flagship event designed to advance the organization's mission of supporting LGBTQ+ representation and inclusion within the innovation and entrepreneurship ecosystem. This program has reached 500 beneficiaries, providing educational workshops, keynote speeches, and networking sessions aimed at fostering growth and building community-driven relationships. The event's high participant satisfaction is evidenced by its consistent 5-star rating. 0 13727 LGBT+ VC's Youth Educational Programs are dedicated to nurturing future leaders from underrepresented backgrounds. The program highlights include serving a diverse group of youth innovators and fellows--88% identifying as queer, trans, Black, Indigenous, and People of Color, and 71% as first-generation student fellows. We offered three cohorts of the program in the inaugural year. These programs have effectively mobilized support, drawing 79% of individual donors who are first-time contributors to an LGBTQ nonprofit including orus. The educational programs help develop essential skills and foster resilience among young leaders, ensuring continued progress toward a more inclusive financial literacy and education. 0 3565 69057 Jason Block Founder, and Co-Chief Executive Officer 60 22007 1144 0 Tiana Tukes Founder, and Co-Chief Executive Officer 60 22161 1129 0 Evelysse Vargas Board Director 5 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 NY Jason Block 12-32 31st Drive Apt 3A Astoria NY 11106 9174096957 0 0 0 0 0 0 0 0 0 0 0 NONE NONE 1 X 138949 138949 0 0 5400 5400 0 0 0 0 144349 144349 144349 111 111 2213 2213 146673 X Schedule A, Part II, Line 10 Other Revenue Explained (Page 1, Line 8): LGBT VC received supplementary funds and payroll credits allocated to our programs through our strategic partnerships. These contributions came in the form of credits to our accounts, enhancing our financial flexibility and enabling us to further support our initiatives. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED Form 990-EZ, Part I, Line 8 Other Revenue Explained (Page 1, Line 8): LGBT VC received supplementary funds and payroll credits allocated to our programs through our strategic partnerships. These contributions came in the form of credits to our accounts, enhancing our financial flexibility and enabling us to further support our initiatives. Form 990-EZ, Part I, Line 16 Expenses were classified amongst the following areas for program and fundraising expenses: Admin & Business Operations: $7,235, Conferences Expenses: $343, Program & Chapter Launch Event-Related fees including catering and venue-related expenses: $25,726, Marketing expenses: $1,282, Business meals & entertainment: $3,643, Office expenses and supplies: $987, Software as a Service / technology expenses: $3,388, Professional services: $426, Business travel and accommodations: $34,123, Miscellaneous: $1,277, Bank fees & refunds: $828 Insurance: $1,936, Program management and staff development expenses: $3,958 Form 990-EZ, Part II, Line 26 Expenses on the credit card The nonprofit LGBT VC was granted an approved six-month extension by the IRS, on 4/30/2024.