Overview
What is The Venture Capital Foundation?
The Venture Capital Foundation, operating under the name Venture Forward, is a 501(c)(3) nonprofit organization situated in Washington D.C. Their primary goal is to diversify, educate, and empower the venture capital investor class, aiming to advance the industry and maximize returns. They achieve this by providing education, resources, and connections, fostering intersectional diversity within the venture capital community. Venture Forward offers programs such as VC University Online, a foundational certificate course on venture finance, and LPOH (Office Hours), a platform for emerging VC fund managers from diverse backgrounds to connect with experienced professionals. Through these initiatives, they aim to empower emerging investors and help established VC investors implement diversity, equity, and inclusion practices.
Official website here: www.ventureforward.org
Is The Venture Capital Foundation legitimate?
The Venture Capital Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Venture Capital Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $755,644
For more financial information, click here
Official website here: www.ventureforward.org
What is the mission statement of The Venture Capital Foundation?
The Venture Capital Foundation, as a supporting organization to NVCA, is committed to diversifying, educating, and empowering the venture capital investor class with the aim of advancing the industry and maximizing impact and returns. They provide education, resources, and connections to foster intersectional diversity within the venture capital community. The foundation also initiatives to help emerging investors become venture capital investors by creating opportunities and opening doors that might otherwise be closed to them. For established venture capital investors and firms, the foundation serves as a valuable resource to help implement meaningful diversity, equity, and inclusion practices.
Official website here: www.ventureforward.org
What is the revenue of The Venture Capital Foundation?
The Venture Capital Foundation's revenue in 2023 was $1,676,200.
Official website here: www.ventureforward.org
Who are the executives of The Venture Capital Foundation and what are their salaries?
There 12 volunteers at The Venture Capital Foundation.
Here are 14 key members and their salaries:
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- Related: $1,285,436
- Other: $164,837
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- Other: $26,813
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Official website here: www.ventureforward.org
Where can I find the form 990 for The Venture Capital Foundation?
The Venture Capital Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.ventureforward.org
Learn more at the official website: www.ventureforward.org
Mission Statement of The Venture Capital Foundation
The Venture Capital Foundation, a 501(c)(3) organization, is dedicated to diversifying, educating, and empowering the venture capital investor class. Their mission is to advance the venture capital industry and maximize both impact and returns. They achieve this by providing education, resources, and connections, aiming to foster intersectional diversity within the venture capital community. The foundation also serves as a 'square one' resource for venture capital investors and firms, helping them implement meaningful diversity, equity, and inclusion practices. Furthermore, The Venture Capital Foundation creates opportunities for emerging investors, opening doors that might otherwise remain closed to them, thereby enabling them to become venture capital investors.
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Impact
October, 2024
The Venture Capital Foundation significantly influences the venture capital ecosystem by prioritizing diversity, education, and empowerment within the investor community. By fostering an inclusive environment, it addresses a critical gap in the industry, enabling emerging investors from diverse backgrounds to participate and thrive.
One of the foundation's flagship initiatives is VC University Online, a foundational certificate course launched in collaboration with the National Venture Capital Association, Venture Forward, and UC Berkeley School of Law. This program not only equips participants with essential knowledge in venture finance but also creates a pathway for approximately 300 individuals in each of its cohorts to engage with and understand the intricacies of the venture capital landscape.
Additionally, the LP Office Hours program allows emerging VC fund managers from diverse backgrounds to connect directly with limited partners, seasoned general partners, and industry advisors. This curated event fosters valuable conversations and networking opportunities, empowering 50 emerging managers in 2022 alone and facilitating essential insights that might otherwise be out of reach.
Through its commitment to providing education, resources, and strategic connections, the Venture Capital Foundation helps dismantle barriers within the venture capital community, ultimately driving meaningful diversity, equity, and inclusion practices across the industry. The foundation's work not only maximizes the impact and returns for investors but also contributes to a more equitable ecosystem that benefits the broader community.
This information is meant to be a general summary of The Venture Capital Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $280,290
- Program Service Revenue: $832,445
- Gross Receipts: $1,676,743
Assets and Liabilities:
- Total Assets: $6,760,254
- Total Liabilities: $1,011,468
- Net Assets: $5,748,786
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EDUCATIONAL EVENTS
Revenue
$797,445
HUMAN CAPITAL SURVEY
Revenue
$35,000
Organization Details
Founding Year
2015
Principal Officer
Maryam Haque
Website
www.ventureforward.orgNTEE Category
Code: S43 - Community improvement
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