LATIN AMERICAN VENTURE CAPITAL ASSOCIATION

EIN: 020638053

NEW YORK, NY

Total Revenue
$1,998,213
Total Expenses
$2,507,782
Total Assets
N/A
Net Assets
N/A
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
DE
Principal Officer
CATHERINE H AMBROSE
Phone
6463156735
Tax Period
2019-01-01 to 2019-12-31

LATIN AMERICAN VENTURE CAPITAL ASSOCIATION, founded in 2002, is a community nonprofit that reported $2.0M in total revenue in fiscal year 2019. Revenue decreased 12% compared to the prior year. Expenses of $2.5M exceeded revenue, resulting in a 26% operating deficit.

Mission

THE MISSION OF THE LATIN AMERICAN VENTURE CAPITAL ASSOCIATION (LAVCA) IS TO SUPPORT THE GROWTH OF THE LATIN AMERICAN VENTURE CAPITAL AND PRIVATE EQUITY INDUSTRY THROUGH EFFORTS THAT INCLUDE, WITHOUT LIMITATION, PROGRAMS OF RESEARCH, EDUCATION AND NETWORKING.

Program Service Accomplishments

Program 1

LAVCA PROVIDES EXTENSIVE EDUCATIONAL AND NETWORKING OPPORTUNITIES AT THE THREE MAJOR CONFERENCES THAT WE ORGANIZE AND EXCUTE ANNUALLY (NETWORKING AND EVENTS). ATTENDANCE AT OUR EVENTS HOSTED IN CHILE...

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LAVCA PROVIDES EXTENSIVE EDUCATIONAL AND NETWORKING OPPORTUNITIES AT THE THREE MAJOR CONFERENCES THAT WE ORGANIZE AND EXCUTE ANNUALLY (NETWORKING AND EVENTS). ATTENDANCE AT OUR EVENTS HOSTED IN CHILE AND COLOMBIA HAVE BEEN RAISING STEADILY, WITH A VARIETY OF INTERNATIONAL AND LOCAL FIRMS ATTENDING, A TRUE INDICATOR OF THE INTEREST IN PE/VC IN THE REGION, AS WELL AS THE VALUE OF THE CONFERENCES THAT LAVCA PUTS ON. IN ADDITION TO PUTTING ON EVENTS, LAVCA FOCUSES ON PROVIDING VALUE TO ITS MEMBERS BY PRODUCING PROPRIETARY DATA FOCUSING ON TREADS AND OBSERVATIONS IN THE REGION (ACCESS TO INDUSTRY DATA, BENCHMARKS AND INFORMATION).

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2019)

Revenue Breakdown

Contributions & Grants $22,500
Program Service Revenue $1,876,043
Investment Income $7,971
Other Revenue $91,699
TOTAL REVENUE $1,998,213

Expense Breakdown

Grants Paid $0
Salaries & Benefits $948,525
Fundraising Expenses $0
Other Expenses $1,559,257
TOTAL EXPENSES $2,507,782

Year-over-Year Comparison

2019 2018 Change
Revenue $1,998,213 $2,276,940 -0.1%
Expenses $2,507,782 $2,315,778 +0.1%
Net Income $-509,569 $-38,838 +12.1%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
16
Independent Members
15
Employees
16
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$213,662
Total Directors
11
$213,662
Key Employees
0
$0
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CATHERINE H AMBROSE PRESIDENT/CE 40.00
Officer Director
$197,917 $15,745 $213,662
CAITLIN MITCHELL EMPLOYEE 40.00
Highest
$110,833 $8,560 $119,393
JULIE C RUVOLO EMPLOYEE 40.00
Highest
$110,833 $8,560 $119,393
ALEX HENAO EMPLOYEE 40.00
Highest
$100,542 $8,560 $109,102
IVONNE CUELLO SANDOVAL EMPLOYEE 40.00
Highest
$100,542 $0 $100,542
FLAVIA ALMEIDA DIRECTOR 1.00
Director
$0 $0 $0
FERNANDO BORGES DIRECTOR 1.00
Director
$0 $0 $0
ALFREDO CASTELLANOS DIRECTOR 1.00
Director
$0 $0 $0
CARLOS GARCIA CHAIR 1.00
Officer Director
$0 $0 $0
MICHAEL HARRINGTON DIRECTOR 1.00
Director
$0 $0 $0
MARIA KOZLOSKI DIRECTOR 1.00
Director
$0 $0 $0
MAURICIO SALGAR TREASURER 1.00
Officer Director
$0 $0 $0
RODOLFO SPIELMANN DIRECTOR 1.00
Director
$0 $0 $0
NICOLAS SZEKASY DIRECTOR 1.00
Director
$0 $0 $0
JOSE SOSA DEL VALLE DIRECTOR 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2019 $1,998,213 $2,507,782 No data $-509,569
2018 $2,276,940 $2,315,778 $969,736 $-38,838
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