Form 990-EZ for tax year 2023

Totals

Total revenue

$169,075

Total expenses

$146,700

Contributions and grants received

$138,949

Grants paid

$0

Program service revenue

$25,000

Membership dues (line 3)

$0

Investment income (line 4)

$111

Gain or loss on sale of assets (line 5c)

$0

Gaming and fundraising events, net (line 6d)

$2,802

Gross profit on inventory sales (line 7c)

$0

Other revenue (line 8)

$2,213

Total assets, end of year

$26,333

Total liabilities, end of year

$3,958

Net assets or fund balances, end of year

$22,375

Program service expenses (Part III)

$69,057

Program services were 47.1% of total expenses calculated — Part III's total program service expenses over total expenses, both as filed.

Mission and programs · 2023

• Regional Development & Chapter Leadership Programs: The establishment and growth of regional chapters have been pivotal in increasing community engagement and local support for LGBTQ+ and allied innovators. To date, four chapters have been launched, driving 17 community activities and building a network supporting over 100 nonprofit community partners, 35 corporate partners, and hundreds of businesses across America. These chapters serve as localized hubs that empower members, strengthen community ties, and create opportunities for economic collaboration, amplifying workforce development, educational opportunities, and economic growth for the American public. Programs have included talks, fireside chats, panel discussions in New York, Los Angeles, San Francisco, Boston, Atlanta, Washington DC, and Chicago.

  Expenses $51,765

• The Annual Summit: LGBT+ VC Summit is a flagship event designed to advance the organization's mission of supporting LGBTQ+ representation and inclusion within the innovation and entrepreneurship ecosystem. This program has reached 500 beneficiaries, providing educational workshops, keynote speeches, and networking sessions aimed at fostering growth and building community-driven relationships. The event's high participant satisfaction is evidenced by its consistent 5-star rating.

  Expenses $13,727

• LGBT+ VC's Youth Educational Programs are dedicated to nurturing future leaders from underrepresented backgrounds. The program highlights include serving a diverse group of youth innovators and fellows--88% identifying as queer, trans, Black, Indigenous, and People of Color, and 71% as first-generation student fellows. We offered three cohorts of the program in the inaugural year. These programs have effectively mobilized support, drawing 79% of individual donors who are first-time contributors to an LGBTQ nonprofit including orus. The educational programs help develop essential skills and foster resilience among young leaders, ensuring continued progress toward a more inclusive financial literacy and education.

  Expenses $3,565

As filed on the 2023 return.

Listed in Part IV

Compensation is as filed in Part IV of the Form 990-EZ: compensation, contributions to benefit plans, expense account, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type

form_990_ez

Tax year

2023

Filed

14 November 2024

IRS schema version

2023v5.0

Source object

202423209349200502

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