Latin American Venture Capital Association
- Assets
- $0.0
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 16
- Location
- New York, NY
- Founding
- 01/2005
- Data as of
- 12/2019
- EIN
- 02-0638053
Organization Overview
Latin American Venture Capital Association is located in New York, NY. The organization was established in 2005. According to its NTEE Classification (S43) the organization is classified as: Small Business Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2019, Latin American Venture Capital Association employed 16 individuals. Latin American Venture Capital Association is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2019, Latin American Venture Capital Association generated $2.0m in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $2.5m during the year ending 12/2019. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2019
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE LATIN AMERICAN VENTURE CAPITAL ASSOCIATION (LAVCA) IS TO SUPPORT THE GROWTH OF THE LATIN AMERICAN VENTURE CAPITAL AND PRIVATE EQUITY INDUSTRY THROUGH EFFORTS THAT INCLUDE, WITHOUT LIMITATION, PROGRAMS OF RESEARCH, EDUCATION AND NETWORKING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LAVCA PROVIDES EXTENSIVE EDUCATIONAL AND NETWORKING OPPORTUNITIES AT THE THREE MAJOR CONFERENCES THAT WE ORGANIZE AND EXCUTE ANNUALLY (NETWORKING AND EVENTS). ATTENDANCE AT OUR EVENTS HOSTED IN CHILE AND COLOMBIA HAVE BEEN RAISING STEADILY, WITH A VARIETY OF INTERNATIONAL AND LOCAL FIRMS ATTENDING, A TRUE INDICATOR OF THE INTEREST IN PE/VC IN THE REGION, AS WELL AS THE VALUE OF THE CONFERENCES THAT LAVCA PUTS ON. IN ADDITION TO PUTTING ON EVENTS, LAVCA FOCUSES ON PROVIDING VALUE TO ITS MEMBERS BY PRODUCING PROPRIETARY DATA FOCUSING ON TREADS AND OBSERVATIONS IN THE REGION (ACCESS TO INDUSTRY DATA, BENCHMARKS AND INFORMATION).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Catherine H Ambrose President/ce | OfficerTrustee | 40 | $197,917 |
Julie C Ruvolo Employee | 40 | $110,833 | |
Caitlin Mitchell Employee | 40 | $110,833 | |
Ivonne Cuello Sandoval Employee | 40 | $100,542 | |
Alex Henao Employee | 40 | $100,542 | |
Mauricio Salgar Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $22,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $22,500 |
| Total Program Service Revenue | $1,876,043 |
| Investment income | $7,971 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,998,213 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $197,917 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $624,596 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $66,332 |
| Payroll taxes | $59,680 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $37,690 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $133,565 |
| Advertising and promotion | $0 |
| Office expenses | $125,045 |
| Information technology | $47,918 |
| Royalties | $0 |
| Occupancy | $203,881 |
| Travel | $52,908 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $480,935 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,583 |
| Insurance | $0 |
| All other expenses | $475,732 |
| Total functional expenses | $2,507,782 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $567,130 |
| Savings and temporary cash investments | $518,996 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $33,288 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $8,800 |
| Net Land, buildings, and equipment | $6,417 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | -$1,134,631 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $65,137 |
| Grants payable | $0 |
| Deferred revenue | $598,863 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | -$664,000 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $0 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Center For Civic Innovation Inc New York, NY | $21,208,939 | $12,582,443 |
Masschallenge Boston, MA | $11,733,602 | $12,993,021 |
Ben Franklin Technology Center Of Southeastern Pennsylvania Philadelphia, PA | $114,107,980 | $9,362,495 |
Entrepreneurship For All Inc Lowell, MA | $9,819,862 | $9,183,052 |
Trenton Business Assistance Corporation Mercerville, NJ | $91,160,866 | $14,574,637 |
Economic Progress Alliance Of Crawford County Meadville, PA | $32,588,545 | $5,037,136 |
Trickle Up Program Inc New York, NY | $7,710,130 | $4,721,602 |
Commonwealth Kitchen Inc Dorchester, MA | $6,037,148 | $6,037,848 |
Manufacturers Resource Center Allentown, PA | $3,950,399 | $3,151,417 |
Spedd Inc Vandergrift, PA | $27,841,148 | $4,019,412 |
World Trade Center Small Business Recovery Fund Inc Albany, NY | $0 | $35,625 |
Latin American Venture Capital Association New York, NY | $0 | $1,998,213 |