THE VENTURE CAPITAL FOUNDATION

EIN: 474114024 501(c)(3) Community Improvement

WASHINGTON, DC

Total Revenue
$1,676,200
Total Expenses
$1,197,843
Total Assets
$7,700,762
Net Assets
$6,444,643
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2015
Legal Domicile
DC
Principal Officer
MARYAM HAQUE
Phone
2028645920
Tax Period
2023-01-01 to 2023-12-31

THE VENTURE CAPITAL FOUNDATION, founded in 2015, is a community nonprofit in the Community Improvement sector that reported $1.7M in total revenue in fiscal year 2023. Revenue surged 44% from the prior year, signaling strong growth momentum. The organization ran a surplus of $478K, a strong 29% operating margin.

Mission

VENTURE FORWARD IS A NON-PROFIT FOUNDATION WITH A MISSION TO DIVERSIFY, EDUCATE, AND EMPOWER THE VENTURE CAPITAL INVESTOR CLASS TO ADVANCE THE INDUSTRY AND MAXIMIZE IMPACT AND RETURNS. WE PROVIDE EDUCATION, RESOURCES, AND CONNECTIONS TO DRIVE INTERSECTIONAL DIVERSITY WITHIN THE VENTURE CAPITAL 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 (2023)

Revenue Breakdown

Contributions & Grants $559,501
Program Service Revenue $832,445
Investment Income $284,254
Other Revenue $0
TOTAL REVENUE $1,676,200

Expense Breakdown

Grants Paid $0
Salaries & Benefits $911,338
Fundraising Expenses $80,800
Program Expenses $968,310
Other Expenses $286,505
TOTAL EXPENSES $1,197,843

Year-over-Year Comparison

2023 2022 Change
Revenue $1,676,200 $1,161,783 +0.4%
Expenses $1,197,843 $887,255 +0.4%
Net Income $478,357 $274,528 +0.7%
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

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Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
10
Employees
N/A
Volunteers
12

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
6
$480,396
Total Directors
13
$1,450,273
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROBERT BOBBY FRANKLIN DIRECTOR 0.75
Director
$0 $164,837 $1,450,273
MARYAM HAQUE EXECUTIVE DIRECTOR 37.25
Officer
$0 $26,813 $480,396
KATE MITCHELL CHAIR 1.00
Officer Director
$0 $0 $0
CHRISTY CHIN TREASURER (TO MAY '23) 0.30
Officer Director
$0 $0 $0
JENNIFER FRIEL GOLDSTEIN TREASURER 0.30
Officer Director
$0 $0 $0
RAY LEACH SECRETARY (TO MAY '23) 0.30
Officer Director
$0 $0 $0
NICOLE WALKER SECRETARY 0.30
Officer Director
$0 $0 $0
BARRY EGGERS DIRECTOR 0.30
Director
$0 $0 $0
SAMARA HERNANDEZ DIRECTOR 0.30
Director
$0 $0 $0
CHARLES HUDSON DIRECTOR 0.30
Director
$0 $0 $0
COURTNEY MCCREA DIRECTOR 0.30
Director
$0 $0 $0
CANDICE MORGAN DIRECTOR (FROM MAY '23) 0.30
Director
$0 $0 $0
ELLIOTT ROBINSON DIRECTOR 0.30
Director
$0 $0 $0
ELLIE WHEELER DIRECTOR (FROM MAY '23) 0.30
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 No data No data No data No data
2023 $1,676,200 $1,197,843 $7,700,762 $478,357
2022 $1,161,783 $887,255 $6,760,254 $274,528
2021 $1,112,966 $867,749 $6,784,952 $245,217
2020 $2,658,359 $537,535 $5,932,112 $2,120,824
2019 $3,122,889 $105,128 $3,627,889 $3,017,761
2018 $505,000 No data $505,000 No data
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