MID-ATLANTIC VENTURE ASSOCIATION INC

EIN: 521565676

WASHINGTON, DC

Total Revenue
$70,032
Total Expenses
$422,406
Total Assets
$45,159
Net Assets
$-529,120
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1987
Legal Domicile
MD
Principal Officer
JULIA SPICER
Phone
2028470053
Tax Period
2022-01-01 to 2022-12-31

MID-ATLANTIC VENTURE ASSOCIATION INC, founded in 1987, is a micro nonprofit that reported $70K in total revenue in fiscal year 2022. Revenue fell 79% from the prior year — a significant decline worth monitoring. Expenses of $422K exceeded revenue, resulting in a 503% operating deficit.

Mission

MAVA REPRESENTS AND SUPPORTS HIGH GROWTH ENTERPRISES THAT ARE FINANCED FROM CAPITAL ACROSS THE VARIOUS STAGES IN THEIR LIFE CYCLE. FROM VENTURE TO PRIVATE EQUITY, ANGEL TO GROWTH EQUITY, AND FAMILY OFFICES TO CORPORATE STRATEGICS, MAVA BRINGS TOGETHER THE FULL SPECTRUM OF INVESTMENT CAPITAL AND THE KEY RESOURCES NECESSARY TO ACCELERATE THE GROWTH OF COMPANIES ACROSS INDUSTRY SECTORS FROM START-UP TO EXIT.MAVA PROVIDES AN INDEPENDENT PLATFORM DESIGNED TO BRING TOGETHER THE COMPLETE RANGE OF CAPITAL SOURCES, STRATEGIC PARTNERS AND KEY ADVISORY RESOURCES CRITICAL TO THE GROWTH OF COMPANIES ACROSS ALL TECHNOLOGY SECTORS AND STAGES OF DEVELOPMENT. MAVA DELIVERS A SERIES OF THOUGHTFULLY DESIGNED PROGRAMS AND FORUMS TO STIMULATE REVENUE AND COMPANY GROWTH, FACILITATE QUALITY DEAL FLOW, ENCOURAGE COLLABORATION, AND FOSTER VALUABLE, RELATIONSHIPS AMONG BUSINESS LEADERS, ENTREPRENEURS, INVESTORS, CAPITAL, STRATEGIC PARTNERS AND CUSTOMERS.

Program Service Accomplishments

Program 1

CONFERENCES:SHOWCASES THE REGION'S PREMIER COMPANIES FOR PRIVATE EQUITY INVESTMENT OPPORTUNITIES AND TO FOSTER COMPANY GROWTH. FOCUSES ON TECH AND LIFE SCIENCE INDUSTRIES FOR PRIVATE EQUITY...

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CONFERENCES:SHOWCASES THE REGION'S PREMIER COMPANIES FOR PRIVATE EQUITY INVESTMENT OPPORTUNITIES AND TO FOSTER COMPANY GROWTH. FOCUSES ON TECH AND LIFE SCIENCE INDUSTRIES FOR PRIVATE EQUITY INVESTMENT OPPORTUNITIES.INABILITY TO CONDUCT IN-PERSON EVENTS POST-COVID CONTINUED TO IMPERIL ABILITY TO GENERATE REVENUE. THE ORGANIZATION IS IN THE PROCESS OF WINDING DOWN OPERATIONS.

Program 2

EDUCATION AND OPERATIONAL WORKSHOPS:PROVIDE EDUCATIONAL WORKSHOPS TO START-UP AND HIGH GROWTH COMPANIES AND PRIVATE FINANCING PROFESSIONALS.INABILITY TO CONDUCT IN-PERSON EVENTS POST-COVID CONTINUED...

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EDUCATION AND OPERATIONAL WORKSHOPS:PROVIDE EDUCATIONAL WORKSHOPS TO START-UP AND HIGH GROWTH COMPANIES AND PRIVATE FINANCING PROFESSIONALS.INABILITY TO CONDUCT IN-PERSON EVENTS POST-COVID CONTINUED TO IMPERIL ABILITY TO GENERATE REVENUE. THE ORGANIZATION IS IN THE PROCESS OF WINDING DOWN OPERATIONS.

Program 3

LUNCHEON, PROGRAMS, RECEPTIONS, WORKSHOPS, AND OTHER EVENTS: FEATURE SPEAKERS AND/OR BUSINESS DISCUSSIONS REGARDING ENTREPRENEURIAL CONCERNS, INVESTMENT TRENDS, TECHNOLOGY ADVANCES, COMPANY...

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LUNCHEON, PROGRAMS, RECEPTIONS, WORKSHOPS, AND OTHER EVENTS: FEATURE SPEAKERS AND/OR BUSINESS DISCUSSIONS REGARDING ENTREPRENEURIAL CONCERNS, INVESTMENT TRENDS, TECHNOLOGY ADVANCES, COMPANY FINANCING, TAX MATTERS, IPOS AND PUBLIC POLICY ISSUES.INABILITY TO CONDUCT IN-PERSON EVENTS POST-COVID CONTINUED TO IMPERIL ABILITY TO GENERATE REVENUE. THE ORGANIZATION IS IN THE PROCESS OF WINDING DOWN OPERATIONS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $70,000
Investment Income $32
Other Revenue $0
TOTAL REVENUE $70,032

Expense Breakdown

Grants Paid $0
Salaries & Benefits $287,771
Fundraising Expenses $0
Other Expenses $134,635
TOTAL EXPENSES $422,406

Year-over-Year Comparison

2022 2021 Change
Revenue $70,032 $326,081 -0.8%
Expenses $422,406 $473,549 -0.1%
Net Income $-352,374 $-147,468 +1.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
14
Independent Members
13
Employees
2
Volunteers
16

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
$168,465
Total Directors
14
$168,465
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JULIA SPICER EXECUTIVE DIRECTOR, EXEC C 45.00
Officer Director
$148,183 $20,282 $168,465
MARK LEVINE CHAIRMAN (AND INTERIM TREA 1.00
Officer Director
$0 $0 $0
TODD KLEIN BOARD MEMBER, EXEC COMMITT 1.00
Officer Director
$0 $0 $0
MARK MALONEY BOARD MEMBER, EXEC COMMITT 1.00
Officer Director
$0 $0 $0
JONATHAN PERL BOARD MEMBER, EXEC COMMITT 1.00
Officer Director
$0 $0 $0
THOMAS ROBERTS BOARD MEMBER, EXEC COMMITT 1.00
Officer Director
$0 $0 $0
SID BANERJEE BOARD MEMBER 1.00
Director
$0 $0 $0
MARK ELLENBOGAN BOARD MEMBER 1.00
Director
$0 $0 $0
CARTER GRIFFIN BOARD MEMBER 1.00
Director
$0 $0 $0
WAYNE JACKSON BOARD MEMBER 1.00
Director
$0 $0 $0
MICHAEL LABRIOLA BOARD MEMBER, GENERAL COUN 1.00
Director
$0 $0 $0
BOB NYE BOARD MEMBER 1.00
Director
$0 $0 $0
KAY PARRY BOARD MEMBER 1.00
Director
$0 $0 $0
THOMAS WEITHMAN BOARD MEMBER 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
2022 $70,032 $422,406 $45,159 $-352,374
2021 $326,081 $473,549 $383,948 $-147,468
2020 $510,705 $638,502 $358,779 $-127,797
2019 $818,307 $705,153 $607,199 $113,154
2018 $678,819 $765,210 $199,720 $-86,391
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