THE VENTURE CAPITAL FOUNDATION

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2015

Legal Domicile

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 501(C)(3) SUPPORTING ORGANIZATION TO NVCA, WITH A MISSION IS TO DIVERSIFY, EDUCATE, AND EMPOWER THE VC 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. WE ENABLE EMERGING INVESTORS TO BECOME VC INVESTORS BY CREATING OPPORTUNITIES AND OPENING DOORS THAT MIGHT OTHERWISE HAVE BEEN CLOSED TO THEM. FOR VC INVESTORS AND FIRMS, WE REPRESENT A "SQUARE ONE" RESOURCE TO HELP THEM IMPLEMENT MEANINGFUL DIVERSITY, EQUITY, AND INCLUSION PRACTICES.

Program Service Accomplishments

Program 1

Expenses: $871,479 Revenue: $804,445

THE FOUNDATION HOSTS THE FOLLOWING EDUCATIONAL EVENTS: VC UNIVERSITY IS A FOUNDATIONAL CERTIFICATE COURSE ON VENTURE FINANCE, CREATED IN 2019 THROUGH THE PARTNERSHIP OF NVCA, VENTURE FORWARD, AND...

THE FOUNDATION HOSTS THE FOLLOWING EDUCATIONAL EVENTS: VC UNIVERSITY IS A FOUNDATIONAL CERTIFICATE COURSE ON VENTURE FINANCE, CREATED IN 2019 THROUGH THE PARTNERSHIP OF NVCA, VENTURE FORWARD, AND STARTUP@BERKELEYLAW AT THE UC BERKELEY SCHOOL OF LAW. VENTUE FORWARD CO-LED THREE COHORTS IN 2023 WITH APPROXIMATELY 300 PARTICIPANTS IN EACH COHORT.LP OFFICE HOURS, RENAMED TO EMERGING MANAGER OFFICE HOURS, IS AN OPPORTUNITY FOR EMERGING VC FUND MANAGERS FROM DIVERSE BACKGROUNDS TO HAVE CANDID CONVERSATIONS WITH LIMITED PARTNERS, EXPERIENCED GENERAL PARTNERS, AND INDUSTRY ADVISORS, AT A CURATED, HALF-DAY EVENT. VENTURE FORWARD PRODUCED TWO PROGRAMS IN 2023, SERVING 50 EMERGING MANAGERS.

Program 2

Expenses: $96,831 Revenue: $35,000

THE VC HUMAN CAPITAL SURVEY, POWERED BY NVCA, VENTURE FORWARD, AND DELOITTE, IS CONDUCTED BIENNIALLY AND CAPTURES CRITICAL DATA ON THE WORKFORCE AT VC FIRMS, INCLUDING THE DEMOGRAPHICS WITHIN THE VC INDUSTRY AND THE CURRENT STATE OF DIVERSITY, EQUITY, AND INCLUSION ACROSS THE INDUSTRY. THE SURVEY IS AN EDUCATIONAL RESOURCE FOR VC FIRMS TO BENCHMARK AND UNDERSTAND HOW TO EXPAND THE DIVERSITY OF THEIR TEAMS AND PORTFOLIO. THE FOURTH EDITION OF THE SURVEY WAS RELEASED IN 2023.

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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%)

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

Financial Distress Indicator

Liquidity & Cash Position

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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

$480,396

Total Directors

$1,450,273

Key Employees

Highest Compensated

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