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Pennsylvania · Nonprofit

PITTSBURGH VENTURE CAPITAL ASSOCIATION

PITTSBURGH VENTURE CAPITAL ASSOCIATION (Pennsylvania) receives grants from 2 organizations whose IRS filings report $209,000 to it, the largest being Carnegie Mellon University ($120,450). 2 of them have funded it in more than one year.

Revenue FY2025
$266k
Funders on record
2
Grants received
$209k
Net assets
$40k
2/2 repeat funderspeak grant-dependency 6%
01What it does

What Pittsburgh Venture Capital Association does

Mission

The Pittsburgh Venture Capital Association was founded in 1982 to catalyze venture investment and entrepreneurialism in western pennsylvania. Since then it has become the leading voice of private equity investors in the region.through a wide range of programs, the pvca facilitates quality deal flow, encourages investor collaboration, and fosters important relationships with key service providers. Every major regional venture capital firm is represented in our membership, as well as numerous first-tier service providers.

As stated on its FY2025 Form 990.

Program

  1. The pvca works as an advocate for the venture capital industry and facilitates the flow of capital into promising ventures through networking luncheons, receptions, prominent events that encourage discussions on topics pertaining to investment trends, financing, tax issues, ipos and public policy issues. The focus is western pennsylvania but influence has expanded nationally through events such as the high-profile 3 rivers venture fair, which is held every 18 months and attracts more than 700 attendees, including some of the nation's most prominent investors and firms. The 3 rivers venture fair offers an opportunity for entrepreneurs to showcase their companies directly to venture capitalists for funding. The annual awards dinner is held to recognize business leaders for their outstanding contributions to the region's economic and entrepreneurial vitality in western pennsylvania. Other meetings are held every other month.

    $379,343 spent$246,887 earned by the program
    100% of program spending

The program described on its FY2024 Form 990. Program spending in total: $379,343.

02The organization over time

The organization over time

Each line starts at 100 in 2021, so what you read is the shape rather than the size: 150 means half as much again as 2021, 50 means half. The number beside each label in the key is where it ended.

100 = 20212021 Revenue 100 ($194k) Expenses 100 ($237k) Net assets 100 ($114k)2022 Revenue 106 ($206k) Expenses 108 ($256k) Net assets 56 ($64k)2023 Revenue 222 ($431k) Expenses 177 ($419k) Net assets 66 ($76k)2024 Revenue 151 ($293k) Expenses 91 ($215k) Net assets 135 ($154k)2025 Revenue 137 ($266k) Expenses 160 ($379k) Net assets 35 ($40k)
20212022202320242025
Revenue (137)Expenses (160)Net assets (35)

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2024 to 2025, from $200k to $86k (−57%).

$156k
$80k
$122k
$200k
$86k
20212022202320242025
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2021
2022
2023
2024
2025
ContributionsProgram revenueInvestmentOther

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 3 of the last 5 reported years ran a deficit.

−$43k
’21
−$50k
’22
$11k
’23
$78k
’24
−$114k
’25
2.7
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Board chair

Michael Stubler

Chairman

As listed on its FY2025 Form 990.

20212022202320242025
Listed2224262423
Joined·+7+2+2+0
No longer listed·5041
03Who funds it

Who funds it, year by year

2018 → 2023: the base narrowed from 2 funders to 1 funder, grant income fell $49k → $27k.

Funder
'18
'19
'20
'22
'23
'24*
'25*
total
$89k
funders
2
2
2
1
1
2
2

From the IRS filings of PITTSBURGH VENTURE CAPITAL ASSOCIATION’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

PITTSBURGH VENTURE CAPITAL ASSOCIATION leans on a few funders — its largest provides 58% of grant income and the top three 100%; half comes from just 1 funder.

the vertical line marks half of all grant income — 1 funder to its left

100% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund PITTSBURGH VENTURE CAPITAL ASSOCIATION.

58%
largest funder
100%
top three
~2
effective funders

Largest funder’s share by year: 2018 57% · 2019 59% · 2020 67% · 2022 100% · 2023 100% — growing more concentrated.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

Where its funders are

100% of PITTSBURGH VENTURE CAPITAL ASSOCIATION's grant income comes from Pennsylvania funders.

PA

In-state vs out-of-state, by year

’18
’19
’20
’22
’23
Pennsylvania out of state home

Funder states come from each funder’s own filing. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Organizations like PITTSBURGH VENTURE CAPITAL ASSOCIATION

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Pennsylvania

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Governance

23
board members
96%
independent
✓Conflict-of-interest policy✓Whistleblower policy✓Document retention✓Board reviewed the 990–Audited financials

Screen this organization

A dated, signed PDF of the compliance screen for PITTSBURGH VENTURE CAPITAL ASSOCIATION: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

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Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds PITTSBURGH VENTURE CAPITAL ASSOCIATION?
PITTSBURGH VENTURE CAPITAL ASSOCIATION (Pennsylvania) receives grants from 2 organizations whose IRS filings report $209,000 to it, the largest being Carnegie Mellon University ($120,450). 2 of them have funded it in more than one year.
How many funders does PITTSBURGH VENTURE CAPITAL ASSOCIATION have?
IRS filings report 2 organizations giving $209,000 in grants to PITTSBURGH VENTURE CAPITAL ASSOCIATION, 2 of which have funded it in more than one year.
Who is the largest funder of PITTSBURGH VENTURE CAPITAL ASSOCIATION?
Carnegie Mellon University is the largest funder on record, with $120,450 in grants. The full list of funders is on this page.
How can an organization like PITTSBURGH VENTURE CAPITAL ASSOCIATION find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Pennsylvania. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

Play a game about who funds Pittsburgh Venture Capital Association →

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2021–2025), and the filings of 2 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing