NEW ENGLAND VENTURE CAPITAL ASSOCIATION UNC F/K/A NE VENTURE CAPITAL ASSOC

EIN: 042579421 Mutual Benefit

BOSTON, MA

Total Revenue
$670,401
Total Expenses
$757,420
Total Assets
$830,266
Net Assets
$830,266
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2015
Legal Domicile
MA
Principal Officer
ARI F GLANTZ
Phone
6179557264
Tax Period
2024-01-01 to 2024-12-31

NEW ENGLAND VENTURE CAPITAL ASSOCIATION UNC F/K/A NE VENTURE CAPITAL ASSOC, founded in 2015, is a small nonprofit in the Mutual Benefit sector that reported $670K in total revenue in fiscal year 2024. Revenue fell 26% from the prior year — a significant decline worth monitoring. Expenses of $757K exceeded revenue, resulting in a 13% operating deficit.

Mission

TO MAINTAIN A VIBRANT VENTURE CAPITAL COMMUNITY IN NEW ENGLAND THAT WILL HELP KEEP ITS STARTUP ECOSYSTEM THRIVING.

Program Service Accomplishments

Program 1

CONDUCTING AND SHARING RESEARCH ON THE NEEDS AND INTERESTS OF LOCAL ENTREPRENEURS AND HIGHLIGHTING TRENDS AND EMERGING COMPANIES.

Program 2

PROMOTION OF PROFESSIONAL DEVELOPMENT AND NETWORKING OPPORTUNITIES TO THE MEMBERSHIP AND VENTURE CAPITAL COMMUNITY.

Program 3

ENCOURAGE AND EDUCATE STUDENTS AND OTHERS ON THE OPPORTUNITIES IN THE STARTUP COMMUNITY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $651,404
Program Service Revenue $0
Investment Income $18,997
Other Revenue $0
TOTAL REVENUE $670,401

Expense Breakdown

Grants Paid $0
Salaries & Benefits $374,317
Fundraising Expenses $0
Other Expenses $383,103
TOTAL EXPENSES $757,420

Year-over-Year Comparison

2024 2023 Change
Revenue $670,401 $909,784 -0.3%
Expenses $757,420 $725,816 +0.0%
Net Income $-87,019 $183,968 -1.5%
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

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
15
Independent Members
15
Employees
2
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
5
$208,253
Total Directors
16
$208,253
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ARI F GLANTZ EXECUTIVE DIRECTOR 40.00
Officer Director
$208,253 $0 $208,253
KENT BENNETT CHAIR 1.00
Officer Director
$0 $0 $0
LILY LYMAN TREASURER 1.00
Officer Director
$0 $0 $0
DEBORAH PALESTRANT MEMBER 1.00
Director
$0 $0 $0
ANNA PALMER MEMBER 1.00
Director
$0 $0 $0
DARSHANA ZAVERI MEMBER 1.00
Director
$0 $0 $0
JASMINA MARJANOVIC MEMBER 1.00
Director
$0 $0 $0
RUDINA SESERI MEMBER 1.00
Director
$0 $0 $0
STEFAN VITOROVIC MEMBER 1.00
Director
$0 $0 $0
IAN CHIANG MEMBER 1.00
Director
$0 $0 $0
CHARLIE HIPWOOD MEMBER 1.00
Director
$0 $0 $0
V KADIR KADHIRESAN PHD MEMBER 1.00
Director
$0 $0 $0
JESSICA ALSTON MEMBER 1.00
Director
$0 $0 $0
MARK CRANE MEMBER 1.00
Director
$0 $0 $0
COLLEEN CUFFARO VICE CHAIR 1.00
Officer Director
$0 $0 $0
YUMIN CHOI CHAIR-EMERITUS 0.00
Officer 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
2024 $670,401 $757,420 $830,266 $-87,019
2023 $909,784 $725,816 $917,285 $183,968
2022 $638,565 $552,220 $733,317 $86,345
2021 $792,153 $873,193 $646,972 $-81,040
2020 $1,431,986 $1,598,652 $1,233,482 $-166,666
2019 $2,070,598 $1,375,843 $1,432,991 $694,755
2018 $1,561,467 $1,136,978 $738,236 $424,489
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