MID-ATLANTIC VENTURE ASSOCIATION INC Charity Report

Tax-exempt status may be revoked

MID-ATLANTIC VENTURE ASSOCIATION INC

EIN 52-1565676 · Professional Athletic Leagues (N80)

What they do

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.

Before you give

Should I give to this charity?

Easy charity check

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This record may have an IRS status problem. Do not give until you verify it.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkThere may be a problem with its nonprofit status. Check before giving.

Money report from 2022The report may be old. Ask for a newer one.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders14 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

0.06%of revenue went to fundraising0.1% of expenses

$603.16spent for every $100 of revenueSpending was higher than revenue this year.

$0.11in assets for every $1 spent this yearSome assets cannot be spent right away.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $352,374 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $168,465 for JULIA SPICER (EXECUTIVE DIRECTOR, EXEC C). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2022

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$818,307

Mission workProgram services0.00% of revenue0.0% of expenses

ManagementOffice and general costs0.00% of revenue0.0% of expenses

FundraisingAsking for donations$5020.06% of revenue0.1% of expenses

Revenue left after expensesReported annual surplus$113,15413.83% of revenueShown in gray on the chart

Total expenses$705,15386.17% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Money in and money out

Revenue$70,032

Expenses$422,406

Annual shortfall $352,374 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Fundraising$502 · 0.1% of expenses

See all reported dollar amounts

Revenue$70,032

Expenses$422,406

Assets$45,159

Income$70,032

Fundraising$502

Accounting fees$59,507

People

Leadership and board

Tax year 2022

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

JULIA SPICEREXECUTIVE DIRECTOR, EXEC C · 45 hrs/week $168,465Base $148,183 · Other $20,282

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (14)

JULIA SPICEREXECUTIVE DIRECTOR, EXEC C

BOB NYEBOARD MEMBER

CARTER GRIFFINBOARD MEMBER

JONATHAN PERLBOARD MEMBER, EXEC COMMITT

KAY PARRYBOARD MEMBER

MARK ELLENBOGANBOARD MEMBER

MARK LEVINECHAIRMAN (AND INTERIM TREA

MARK MALONEYBOARD MEMBER, EXEC COMMITT

MICHAEL LABRIOLABOARD MEMBER, GENERAL COUN

SID BANERJEEBOARD MEMBER

THOMAS ROBERTSBOARD MEMBER, EXEC COMMITT

THOMAS WEITHMANBOARD MEMBER

TODD KLEINBOARD MEMBER, EXEC COMMITT

WAYNE JACKSONBOARD MEMBER

About this charity

Recognized since: January 1991
Location: 1900 L ST NW STE 520, WASHINGTON, DC 20036-5065
County: District of Columbia
In care of: JULIA SPICER
Primary officer: JULIA SPICER, EXECUTIVE DIRECTOR

How to reach them

WebsiteVisit the charity’s website Phone(202) 847-0053

Filing and classification

Latest tax year: 2022
Tax period began: January 1, 2022
Return type: 990
Tax preparer: CLIFTONLARSONALLEN LLP
NTEE classification: Professional Athletic Leagues (N80)
IRS tax category: Professional Athletic Leagues
Revocation date: May 15, 2026