Nonprofit · EIN 47-4114024
VENTURE CAPITAL FOUNDATION
Tax-exempt · WASHINGTON, DC 20001
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,292,039 | $1,518,424 | -$226,385 | $8,021,542 | $1,606,240 | $6,415,302 |
| December 31, 2023 | 990 | $1,676,200 | $1,197,843 | $478,357 | $7,700,762 | $1,256,119 | $6,444,643 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $238,432
- Program service revenue
- $754,987
- Investment income
- $298,620
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $559,307
- Other salaries and wages
- $491,692
- Salaries, compensation and benefits (total)
- $1,226,617
- Professional fundraising fees
- $0
- Accounting fees
- $6,000
- Travel
- $25,632
- Depreciation
- $21,932
- Program services (functional)
- $1,203,964
- Management and general (functional)
- $219,069
- Fundraising (functional)
- $95,391
Balance sheet and other
- Total assets, start of year
- $7,700,762
- Total assets, end of year
- $8,021,542
- Total liabilities, end of year
- $1,606,240
- Net assets, end of year
- $6,415,302
- Land, buildings and equipment
- $25,085
- Publicly traded securities
- $456
- Net assets without donor restrictions
- $6,354,302
- Net assets with donor restrictions
- $61,000
- Gross receipts
- $1,292,039
- Employees
- 0
- Volunteers
- 12
- Year formed
- 2015
- State of legal domicile
- DC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| ROBERT BOBBY FRANKLIN | DIRECTOR Trustee or director | 0.75 | $0 | $1,363,110 | $174,570 |
| MARYAM HAQUE | EXECUTIVE DIRECTOR Officer | 37.25 | $0 | $503,692 | $34,482 |
| KATE MITCHELL | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JENNIFER FRIEL GOLDSTEIN | TREASURER Trustee or director, Officer | 0.3 | $0 | $0 | $0 |
| NICOLE WALKER | SECRETARY Trustee or director, Officer | 0.3 | $0 | $0 | $0 |
| BARRY EGGERS | DIRECTOR Trustee or director | 0.3 | $0 | $0 | $0 |
| HILARY GOSHER | DIRECTOR (FROM MAY '24) Trustee or director | 0.3 | $0 | $0 | $0 |
| SAMARA HERNANDEZ | DIRECTOR Trustee or director | 0.3 | $0 | $0 | $0 |
| CHARLES HUDSON | DIRECTOR (TO MAY '24) Trustee or director | 0.3 | $0 | $0 | $0 |
| COURTNEY MCCREA | DIRECTOR Trustee or director | 0.3 | $0 | $0 | $0 |
| CANDICE MORGAN | DIRECTOR Trustee or director | 0.3 | $0 | $0 | $0 |
| ELLIOTT ROBINSON | DIRECTOR Trustee or director | 0.3 | $0 | $0 | $0 |
| GARTH TIMOLL | DIRECTOR (FROM MAY '24) Trustee or director | 0.3 | $0 | $0 | $0 |
| ELLIE WHEELER | DIRECTOR Trustee or director | 0.3 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 14 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| ROBERT BOBBY FRANKLIN | DIRECTOR Trustee or director | 0.75 | $0 | $1,285,436 | $164,837 |
| MARYAM HAQUE | EXECUTIVE DIRECTOR Officer | 37.25 | $0 | $453,583 | $26,813 |
| KATE MITCHELL | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| CHRISTY CHIN | TREASURER (TO MAY '23) Trustee or director, Officer | 0.3 | $0 | $0 | $0 |
| JENNIFER FRIEL GOLDSTEIN | TREASURER Trustee or director, Officer | 0.3 | $0 | $0 | $0 |
| RAY LEACH | SECRETARY (TO MAY '23) Trustee or director, Officer | 0.3 | $0 | $0 | $0 |
| NICOLE WALKER | SECRETARY Trustee or director, Officer | 0.3 | $0 | $0 | $0 |
| BARRY EGGERS | DIRECTOR Trustee or director | 0.3 | $0 | $0 | $0 |
| SAMARA HERNANDEZ | DIRECTOR Trustee or director | 0.3 | $0 | $0 | $0 |
| CHARLES HUDSON | DIRECTOR Trustee or director | 0.3 | $0 | $0 | $0 |
| COURTNEY MCCREA | DIRECTOR Trustee or director | 0.3 | $0 | $0 | $0 |
| CANDICE MORGAN | DIRECTOR (FROM MAY '23) Trustee or director | 0.3 | $0 | $0 | $0 |
| ELLIOTT ROBINSON | DIRECTOR Trustee or director | 0.3 | $0 | $0 | $0 |
| ELLIE WHEELER | DIRECTOR (FROM MAY '23) Trustee or director | 0.3 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 200 MASSACHUSETTS AVE NW 520, WASHINGTON, DC 20001-1429
- Principal officer (990 for 2024)
- MARYAM HAQUE, 200 MASSACHUSETTS AVE NW 520, WASHINGTON, DC 20001
- Signed the 990
- MARYAM HAQUE, EXECUTIVE DIRECTOR
- Phone
- (202) 864-5920
- Website
- VENTUREFORWARD.ORG
- 990-N for 2016 filed under this EIN
- Most likely by a chapter, club or affiliate (it says receipts are normally $50,000 or less). Officer: BOBBY FRANKLIN, 25 MASSACHUSETTS AVE 730, WASHINGTON DC 20001. Mailing address: 25 MASSACHUSETTS AVE, WASHINGTON DC 20001.
- Return prepared by
- JOHNSON LAMBERT LLP
Mission
VENTURE FORWARD IS A NON-PROFIT FOUNDATION WITH A MISSION TO DEMOCRATIZE ACCESS TO THE VC INDUSTRY, EMPOWER INDIVIDUALS FROM ALL BACKGROUNDS AND GEOGRAPHIES TO THRIVE AS INVESTORS, AND EQUIP FUTURE VC LEADERS WITH THE TOOLS FOR LONG-TERM SUCCESS. WE SUPPORT EMERGING FUND MANAGERS AND INVESTORS BY PROVIDING EDUCATION, MENTORSHIP, AND RESOURCES TO ADVANCE THEIR CAREERS. WE ARE COMMITTED TO DRIVING HEALTHY AND SUSTAINABLE GENERATIONAL CHANGE WITHIN ESTABLISHED VC FIRMS, ENSURING STRONG INDUSTRY STEWARDSHIP FOR THE FUTURE. THROUGH THESE EFFORTS, WE ENVISION A VC INDUSTRY THAT REACHES ALL COMMUNITIES ACROSS THE COUNTRY, UNLOCKING GREATER INNOVATION, ECONOMIC IMPACT, AND FINANCIAL RETURNS.
Program accomplishments
- THE FOUNDATION HOSTS THE FOLLOWING FLAGSHIP EDUCATIONAL EVENTS: VC UNIVERSITY IS A FOUNDATIONAL CERTIFICATE COURSE ON VENTURE FINANCE, CREATED IN 2019 THROUGH THE PARTNERSHIP OF NVCA, VENTURE FORWARD, AND STARTUP@BERKELEYLAW AT THE UC BERKELEY SCHOOL OF LAW. VENTURE FORWARD CO-LED THREE COHORTS IN 2024 WITH A TOTAL OF 966 PARTICIPANTS.EMERGING MANAGER OFFICE HOURS (PREVIOUSLY LP OFFICE HOURS), IS AN OPPORTUNITY FOR EMERGING VC FUND MANAGERS FROM NONTRADITIONAL BACKGROUNDS TO HAVE CANDID CONVERSATIONS WITH LIMITED PARTNERS, EXPERIENCED GENERAL PARTNERS, AND INDUSTRY ADVISORS, AT A CURATED, FULL-DAY EVENT. VENTURE FORWARD PRODUCED TWO PROGRAMS IN 2024, SERVING 47 EMERGING MANAGERS.Expenses $1,107,133 · revenue $719,987
- THE VC HUMAN CAPITAL SURVEY, POWERED BY NVCA, VENTURE FORWARD, AND DELOITTE, HAS BEEN CONDUCTED EVERY TWO YEARS SINCE 2016 AND CAPTURES CRITICAL DATA TO UNDERSTAND TALENT MANAGEMENT PRACTICES AND THE STATE OF THE WORKFORCE IN THE U.S. VC INDUSTRY. THE SURVEY IS INTENDED TO BE AN EDUCATIONAL RESOURCE FOR VC FIRMS TO UNDERSTAND HOW TO THOUGHTFULLY EXPAND AND GROW THEIR TEAMS AND PORTFOLIO. THE FIFTH EDITION OF THE SURVEY WAS FIELDED TO U.S. VC FIRMS IN 2024.Expenses $96,831 · revenue $35,000
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 47-4114024
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization, Type I
- Donations deductible (Pub 78)
- Supporting organization, 50% limit
- Exempt since
- 2017
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S43)
- Assets (IRS master file)
- $8,021,542
- Income (IRS master file)
- $1,292,039
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,292,039 | $1,518,424 | $8,021,542 | IRS |
| 990 | December 2023 | $1,676,200 | $1,197,843 | $7,700,762 | XML |
| 990 | December 2022 | $1,161,783 | $887,255 | $6,760,254 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990-N for 2016 Officer: BOBBY FRANKLIN Filed under this EIN, most likely by a chapter or affiliate | December 31, 2016 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 47-4114024).
Questions about VENTURE CAPITAL FOUNDATION
- What is the EIN of VENTURE CAPITAL FOUNDATION?
- The employer identification number (EIN) of VENTURE CAPITAL FOUNDATION is 47-4114024.
- Is VENTURE CAPITAL FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2017.
- Are donations to VENTURE CAPITAL FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
- Which annual return does VENTURE CAPITAL FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of VENTURE CAPITAL FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did VENTURE CAPITAL FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of VENTURE CAPITAL FOUNDATION?
- The 990 for the year ended December 31, 2024 names MARYAM HAQUE.
- Who are the officers and directors of VENTURE CAPITAL FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 14 people; 0 received compensation from the organization.
- How much revenue does VENTURE CAPITAL FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,292,039, expenses of $1,518,424 and total assets of $8,021,542 at year end.
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All nonprofits in WASHINGTON · District of Columbia · Community improvement and capacity building