Vc Platform Global Community Inc
- Assets
- $59.9k
- Revenue
- $901.2k
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- Data as of
- 06/2023
- EIN
- 85-3643067
Organization Overview
Vc Platform Global Community Inc is located in New York, NY. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vc Platform Global Community Inc 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 06/2023, Vc Platform Global Community Inc generated $901.2k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 36.7% each year . All expenses for the organization totaled $931.7k during the year ending 06/2023. While expenses have increased by 40.6% per year over the past 2 years. They've been increasing with an increasing level of total revenue. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
VC PLATFORM GLOBAL COMMUNITY, INC. IS ORGANIZED FOR THE PURPOSE OF IMPROVING BUSINESS CONDITIONS FOR ITS MEMBERSHIP AND FOR THE VENTURE CAPITAL INDUSTRY. THE ORGANIZATION FOCUSES ON PROMOTING THE IMPROVEMENT OF BUSINESS CONDITIONS IN THE INDUSTRY BY DEVELOPING A NUMBER OF ACTIVITIES THAT WILL ENABLE ITS MEMBERS TO BE BETTER AT THEIR JOBS, TO CONNECT MORE EASILY WITH THIER PEERS, AND TO ADVANCE THEIR CAREERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
2023 VC PLATFORM GLOBAL SUMMIT - THE 2023 VC PLATFORM GLOBAL SUMMIT INCLUDED 520+ VENTURE CAPITAL OPERATORS AND COMMUNITY MEMBERS IN NEW YORK CITY FOR TWO AND A HALF DAYS OF PEER NETWORKING. THE SUMMIT OFFERED PROGRAMMING AND RELATIONSHIP BUILDING OPPORTUNITIES FOR MEMBERS AND SPONSORS. WE ALSO HAD 95+ VIRTUAL ATTENDEES.
OTHER PROGRAMS - INCLUDING MEMBER FORUMS, SURVEYS, AND VC CONFERENCES
THE POWER OF PLATFORM - WE CREATED A RESEARCH REPORT TITLED THE POWER OF PLATFORM, POWEROF.VCPLATFORM.COM, THAT ANALYZED 850 VENTURE CAPITAL FIRMS' TEAM SIZE, COMPOSITION, AND ASSETS UNDER MANAGEMENT FROM 2000 TO 2022 TO MEASURE THE IMPACT PLATFORM ROLES HAVE ON FINANCIAL RETURNS.
VC PLATFORM REGIONAL EVENT SERIES - WITH MEMBERS IN OVER 45 COUNTRIES, WE CONTINUED RUNNING REGIONAL MEETUPS FOR OUR MEMBERS TO CONNECT WITH OTHER LOCAL MEMBERS FOR BREAKFASTS, DINNERS, HAPPY HOURS, AND COFFEE CHATS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cory Bolotsky Treasurer | OfficerTrustee | 14 | $124,723 |
Marianne Bulger Director | Trustee | 3 | $0 |
Keji Mustapha President | OfficerTrustee | 3 | $0 |
Annie Shapiro Vice President | OfficerTrustee | 3 | $0 |
Arabella Reeves Director | Trustee | 2 | $0 |
Brianna Rizzo Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $687,850 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $687,850 |
| Total Program Service Revenue | $213,333 |
| Investment income | $52 |
| 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 | $901,235 |
| 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. | $101,689 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $105,306 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $177,361 |
| Advertising and promotion | $0 |
| Office expenses | $5,148 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $7,943 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $485,073 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,699 |
| All other expenses | $0 |
| Total functional expenses | $931,681 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $59,867 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $59,867 |
| Accounts payable and accrued expenses | $30,094 |
| Grants payable | $0 |
| Deferred revenue | $50,000 |
| 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 | $0 |
| Total liabilities | $80,094 |
| 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 | -$20,227 |
| Total liabilities and net assets/fund balances | $59,867 |