PITTSBURGH VENTURE CAPITAL ASSOCIATION

EIN: 251566467

BRIDGEVILLE, PA

Total Revenue
$265,563
Total Expenses
$379,343
Total Assets
$86,374
Net Assets
$40,383
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1982
Legal Domicile
PA
Principal Officer
KELLY S SZEJKO
Phone
4122285826
Tax Period
2024-08-01 to 2025-07-31

PITTSBURGH VENTURE CAPITAL ASSOCIATION, founded in 1982, is a small nonprofit that reported $266K in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. Expenses of $379K exceeded revenue, resulting in a 43% operating deficit.

Mission

THE PITTSBURGH VENTURE CAPITAL ASSOCIATION WAS FOUNDED IN 1982 TO CATALYZE VENTURE INVESTMENT AND ENTREPRENEURIALISM IN WESTERN PENNSYLVANIA. SINCE THEN IT HAS BECOME THE LEADING VOICE OF PRIVATE EQUITY INVESTORS IN THE REGION.THROUGH A WIDE RANGE OF PROGRAMS, THE PVCA FACILITATES QUALITY DEAL FLOW, ENCOURAGES INVESTOR COLLABORATION, AND FOSTERS IMPORTANT RELATIONSHIPS WITH KEY SERVICE PROVIDERS. EVERY MAJOR REGIONAL VENTURE CAPITAL FIRM IS REPRESENTED IN OUR MEMBERSHIP, AS WELL AS NUMEROUS FIRST-TIER SERVICE PROVIDERS.

Program Service Accomplishments

Program 1
Expenses: $379,343 Revenue: $246,887

THE PVCA WORKS AS AN ADVOCATE FOR THE VENTURE CAPITAL INDUSTRY AND FACILITATES THE FLOW OF CAPITAL INTO PROMISING VENTURES THROUGH NETWORKING LUNCHEONS, RECEPTIONS, PROMINENT EVENTS THAT ENCOURAGE...

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THE PVCA WORKS AS AN ADVOCATE FOR THE VENTURE CAPITAL INDUSTRY AND FACILITATES THE FLOW OF CAPITAL INTO PROMISING VENTURES THROUGH NETWORKING LUNCHEONS, RECEPTIONS, PROMINENT EVENTS THAT ENCOURAGE DISCUSSIONS ON TOPICS PERTAINING TO INVESTMENT TRENDS, FINANCING, TAX ISSUES, IPOS AND PUBLIC POLICY ISSUES. THE FOCUS IS WESTERN PENNSYLVANIA BUT INFLUENCE HAS EXPANDED NATIONALLY THROUGH EVENTS SUCH AS THE HIGH-PROFILE 3 RIVERS VENTURE FAIR, WHICH IS HELD EVERY 18 MONTHS AND ATTRACTS MORE THAN 700 ATTENDEES, INCLUDING SOME OF THE NATION'S MOST PROMINENT INVESTORS AND FIRMS. THE 3 RIVERS VENTURE FAIR OFFERS AN OPPORTUNITY FOR ENTREPRENEURS TO SHOWCASE THEIR COMPANIES DIRECTLY TO VENTURE CAPITALISTS FOR FUNDING. THE ANNUAL AWARDS DINNER IS HELD TO RECOGNIZE BUSINESS LEADERS FOR THEIR OUTSTANDING CONTRIBUTIONS TO THE REGION'S ECONOMIC AND ENTREPRENEURIAL VITALITY IN WESTERN PENNSYLVANIA. OTHER MEETINGS ARE HELD EVERY OTHER MONTH.

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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 $17,875
Program Service Revenue $246,887
Investment Income $21
Other Revenue $780
TOTAL REVENUE $265,563

Expense Breakdown

Grants Paid $0
Salaries & Benefits $108,208
Fundraising Expenses $0
Program Expenses $379,343
Other Expenses $271,135
TOTAL EXPENSES $379,343

Year-over-Year Comparison

2024 2023 Change
Revenue $265,563 $293,094 -0.1%
Expenses $379,343 $214,682 +0.8%
Net Income $-113,780 $78,412 -2.5%
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

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Liquidity & Cash Position

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Governance

Voting Members
23
Independent Members
22
Employees
1
Volunteers
80

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
$100,978
Total Directors
23
$100,978
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KELLY SZEJKO PRESIDENT 40.00
Officer Director
$82,544 $18,434 $100,978
MICHAEL STUBLER CHAIRMAN 1.00
Officer Director
$0 $0 $0
JEREMIAH GARVEY CHAIRMAN EMERITUS 1.00
Officer Director
$0 $0 $0
ROBERT WOOLDRIDGE TREASURER 1.00
Officer Director
$0 $0 $0
JOE SLEZAK SECRETARY 1.00
Officer Director
$0 $0 $0
DAVID BERK DIRECTOR 1.00
Director
$0 $0 $0
NEHAL BHOJAK DIRECTOR 1.00
Director
$0 $0 $0
EDWARD ENGLER DIRECTOR 1.00
Director
$0 $0 $0
JAMES HALUSZCZAK DIRECTOR 1.00
Director
$0 $0 $0
MATTHEW HARBAUGH DIRECTOR 1.00
Director
$0 $0 $0
KELAUNI JASMYN DIRECTOR 1.00
Director
$0 $0 $0
DAVID KALSON DIRECTOR 1.00
Director
$0 $0 $0
ERIC KLINE DIRECTOR 1.00
Director
$0 $0 $0
MITCHELL KOKKO DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL KOPELMAN DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL MAGLIO DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL MATESIC DIRECTOR 1.00
Director
$0 $0 $0
ANTHONY PISANO DIRECTOR 1.00
Director
$0 $0 $0
VEN RAJU DIRECTOR 1.00
Director
$0 $0 $0
NICHOLAS SHAPIRO DIRECTOR 1.00
Director
$0 $0 $0
LIZ TODIA DIRECTOR 1.00
Director
$0 $0 $0
ADAM WICKS DIRECTOR 1.00
Director
$0 $0 $0
BEN WILSON 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
2025 $265,563 $379,343 $86,374 $-113,780
2024 $293,094 $214,682 $200,154 $78,412
2023 $430,651 $419,201 $121,742 $11,450
2022 $205,819 $255,535 $79,987 $-49,716
2021 $193,865 $236,653 $156,463 $-42,788
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