Vcfamilia
Public records show a registered, tax-exempt organization in good standing.
What it says it does
The specific purpose is to create an open and inclusive environment for current and future Latinx investors and founders to thrive.
- Income
- $614,601
- Spending
- $549,200
- Spent on programs
- 81%
- Reserves
- 7.9 months of spending
- Largest source of income
- donations and private grants, 100%
- Employees
- 1
- Volunteers
- 30
- Highest pay
- $59,648, ceo
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Strong: 93 out of 100. Higher than 76% of charities in its peer group (civil rights, $250k to $1m).
Reserves
28 of 35Spendable reserves would cover 7.9 months of spending.
Debt
20 of 20It owes 0% of what it owns.
Living within its means
15 of 15Income exceeded spending by 11% of income.
Income trend
15 of 15Income rose 50% on the year before.
Spending floor
15 of 1581% of spending went to programs and raising each dollar of donations cost 0 cents.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Fair: 51 out of 100. Higher than 14% of charities in its peer group (civil rights, $250k to $1m).
Independent board
5 of 251 of 3 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
0 of 8Reports no written whistleblower policy.
Record keeping policy
0 of 7Reports no written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Pay set independently
0 of 5Reports no independent review process for its chief executive's pay.
Independent check of accounts
6 of 15Its accounts were not audited or reviewed by an independent accountant.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (1)
- $445,046 spent. 4 part series that helped diverse candidates prepare to interview with venturecapital firms and increase the amount of diverse investorsCo-working sessions - Help numerous coworking sessions in different cities thathelped connect founders and VCs.Pitch Competition - Help a national pitch competition for Latine founders with one$50k winner (LeadSales)Hispanic Heritage Month Celebrations - Held Hispanic Heritage Month celebrationsacross 8 different cities. Invited allies, media, VCs, and founders to educate theindustry on our culture and celebrate our community.Hispanic Heritage Keynotes - Held a founder and VC keynote speech. Each speech helpedconnect our community with industry leaders in an open environment to ask questionsand help with mentorship.LP GP Series - Created a series in which we invited one LP to connect with LatineGPs. The sessions were private to create an environment of trust and allow GPs to askany questions to an LP. This is to lower the barrier of information for emerging fundmanagers and connect them with future investors.LBAN Series - Help many events in coordinate with Latino Business Action Network outof Stanford.Newsletters - Delivered bi-weekly newsletters to our community highlighting theaccomplishments of our members, any open positions, and industry news.Intersectional chats - Held events at the intersectionality of LGBTQ+, Black, NativeAmerican, and Asian American and our Latine community. We do this to help fosterinclusion of our community as we understand are members are diverse.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2024.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since January 2023.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.