Mid-Atlantic Venture Association Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 521565676 ✦ Washington, DC ✦ Designated as a 501(c)(6)

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Overview

What is Mid-Atlantic Venture Association Inc?

Mid-Atlantic Venture Association Inc, established in Washington D.C., is a nonprofit organization dedicated to nurturing business growth. It supports high-growth enterprises at various stages of their life cycle, ranging from venture to private equity, and bringing together various investment capital sources. The organization provides an independent platform that connects businesses with strategic partners and essential advisory resources, fostering growth across technology sectors and stages. Their initiatives include hosting thoughtfully designed programs and forums to stimulate revenue and company growth, and facilitate valuable relationships among business leaders, entrepreneurs, investors, and customers. Despite challenges posed by the COVID-19 pandemic, Mid-Atlantic Venture Association Inc continues its mission to foster enterprise development.


Official website here: www.mava.org

Is Mid-Atlantic Venture Association Inc legitimate?

Mid-Atlantic Venture Association Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Mid-Atlantic Venture Association Inc 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: $168,466
Professional Fundraising Fees: $0
Other Salaries and Wages: $94,713

For more financial information, click here


Official website here: www.mava.org

What is the mission statement of Mid-Atlantic Venture Association Inc?

The Mid-Atlantic Venture Association Inc's mission is to promote the development and growth of businesses across various stages of their lifecycle. This organization represents and supports high-growth enterprises, connecting them with a wide range of investment capital sources, including venture, private equity, angel, growth equity, family offices, and corporate strategies. The goal is to accelerate the growth of companies across various technology sectors and stages of development. MAVA provides an independent platform, bringing together essential resources necessary for business expansion, such as strategic partners and key advisory resources. It organizes thoughtfully designed programs and forums to stimulate revenue and company growth, facilitate quality deal flow, encourage collaboration, and foster valuable relationships among business leaders, entrepreneurs, investors, and customers.


Official website here: www.mava.org

Who is the CEO of Mid-Atlantic Venture Association Inc?

Julia Spicer is the Executive Director, Exec C of Mid-Atlantic Venture Association Inc.


Official website here: www.mava.org

What is the revenue of Mid-Atlantic Venture Association Inc?

Mid-Atlantic Venture Association Inc's revenue in 2022 was $70,032.


Official website here: www.mava.org

Who are the executives of Mid-Atlantic Venture Association Inc and what are their salaries?

The average compensation at Mid-Atlantic Venture Association Inc during 2022 was $131,590. There are 2 employees and 16 volunteers at Mid-Atlantic Venture Association Inc.


Here are 14 key members and their salaries:


Julia Spicer (Executive Director, Exec C)
  • Compensation: $148,183
  • Related: $0
  • Other: $20,282
Mark Levine (Chairman (And Interim Trea)
  • Compensation: $0
  • Related: $0
  • Other: $0
Todd Klein (Board Member, Exec Committ)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Maloney (Board Member, Exec Committ)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jonathan Perl (Board Member, Exec Committ)
  • Compensation: $0
  • Related: $0
  • Other: $0
Thomas Roberts (Board Member, Exec Committ)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sid Banerjee (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Ellenbogan (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Carter Griffin (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Wayne Jackson (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Labriola (Board Member, General Coun)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bob Nye (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kay Parry (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Thomas Weithman (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.mava.org

Where can I find the form 990 for Mid-Atlantic Venture Association Inc?

Mid-Atlantic Venture Association Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.mava.org

Learn more at the official website: www.mava.org

Mission Statement of Mid-Atlantic Venture Association Inc

Mid-Atlantic Venture Association Inc, commonly referred to as MAVA, is dedicated to fostering the development and growth of business enterprises. Its mission is to represent and support high-growth businesses that are financed from various stages in their lifecycle, including venture capital, private equity, angel investment, growth equity, and family offices to corporate strategies. MAVA serves as a bridge, bringing together the full spectrum of investment capital and essential resources necessary to accelerate the growth of companies across various industries and stages of development, from start-up to exit.

The organization provides an independent platform designed to connect businesses with various capital sources, strategic partners, and advisory resources critical to their growth. MAVA delivers a series of thoughtfully designed programs and forums, stimulating revenue and company growth, facilitating quality deal flow, encouraging collaboration, and fostering valuable relationships among business leaders, entrepreneurs, investors, capital providers, strategic partners, and customers. By doing so, MAVA plays a crucial role in supporting the growth and success of businesses, ultimately contributing to the economic development and prosperity of the broader business ecosystem.

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Impact




October, 2024

Mid-Atlantic Venture Association Inc plays a vital role in fostering the development and growth of high-potential business enterprises in the Mid-Atlantic region. By organizing conferences that showcase premier companies, the organization facilitates private equity investment opportunities, particularly in tech and life sciences. It serves as a critical platform that connects various stages of capital—from venture to private equity, angel investors to growth equity, and family offices to corporate strategists.

Through thoughtfully designed programs and forums, MAVA drives revenue growth and company expansion, stimulating quality deal flow and collaboration among entrepreneurs, investors, and business leaders. This collaborative environment not only accelerates the growth of start-ups but also supports established companies aiming for strategic exits. Despite challenges such as the inability to conduct in-person events during the post-COVID period, MAVA has consistently worked to create valuable relationships and resources essential for the success of businesses across multiple sectors.




This information is meant to be a general summary of Mid-Atlantic Venture Association Inc. 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.

Revenue
$70,032 (2022)
Expenses
$422,406 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $32
  • Program Service Revenue: $70,000
  • Gross Receipts: $70,032

Assets and Liabilities:

  • Total Assets: $45,159
  • Total Liabilities: $574,279
  • Net Assets: -$529,120

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

MEMBERSHIP DUES

Revenue

$70,000

Organization Details

Founding Year

1987

Principal Officer

Julia Spicer

Main Address

1900 L STREET NW 520, WASHINGTON, DC, 20036

NTEE Category

Code: S40 - Community improvement

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