Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 2020.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Who runs it and what they're paid
8 people listed on the 990.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aNo
Programs and updates
Connects venture capital fund operations professionals to advance their industry interests.
Questions for Lets Talk Ops
Your first name shows with your question. Lets Talk Ops answers here, for everyone.
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Annual Summit high-powered 3-day Summit of exclusive content, special training, and professional development sessionsAll members served = ~ 150/annually
Regular Virtual Networking Events providing unique opportunities to engage in thecommunity and build long-lasting relationships.Approximately 15-20 meetings per yearAll members served = ~ 250/annually
Monthly Virtual Meetings providing on-the-job training and professional development.Approximately 20-25 meetings per yearAll members served = ~ 250/annually
By the numbers
The FY2025 990, line by line.
Download 990
| Line | Start FY25 | End FY25 |
|---|---|---|
| Cash and savingsLn 1–2 | $39K | $20K |
| InvestmentsLn 11–13 | $0 | |
| Land, buildings, equipmentLn 10c | $0 | |
| Total assetsLn 16 | $48K | $20K |
| LiabilitiesLn 26 | $124K | $60K |
| Net assetsLn 32 | −$77K | −$39K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $0 | |||
| Grants to domestic individualsLn 2 | $0 | |||
| Grants and assistance to foreign recipientsLn 3 | $0 | |||
| Benefits paid to or for membersLn 4 | $0 | |||
| Pay of current officers, directors and key staffLn 5 | $0 | |||
| Pay of disqualified personsLn 6 | $0 | |||
| Other salaries and wagesLn 7 | $0 | |||
| Pension plan contributionsLn 8 | $0 | |||
| Other employee benefitsLn 9 | $0 | |||
| Payroll taxesLn 10 | $0 | |||
| Management feesLn 11a | $0 | |||
| Legal feesLn 11b | $1K | |||
| Accounting feesLn 11c | $11K | |||
| Lobbying feesLn 11d | $0 | |||
| Professional fundraising feesLn 11e | $0 | |||
| Investment management feesLn 11f | $0 | |||
| Other fees for servicesLn 11g | $234K | |||
| Advertising and promotionLn 12 | $10K | |||
| Office expensesLn 13 | $338 | |||
| Information technologyLn 14 | $0 | |||
| RoyaltiesLn 15 | $0 | |||
| OccupancyLn 16 | $0 | |||
| TravelLn 17 | $489K | |||
| Travel and entertainment for public officialsLn 18 | $0 | |||
| Conferences, conventions and meetingsLn 19 | $540 | |||
| InterestLn 20 | $7K | |||
| Payments to affiliatesLn 21 | $0 | |||
| Depreciation, depletion and amortizationLn 22 | $0 | |||
| InsuranceLn 23 | $2K | |||
| Other expenses (24a–d)Ln 24 | $41K | |||
| All other expensesLn 24e | $1K | |||
| Total functional expensesLn 25 | $797K | $0 | $0 | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest Viewing | $834K | $797K | $37K | −$39K | 990 PDF |
| FY2024 | $711K | $777K | −$66K | −$77K | 990 PDF |
| FY2023 | $549K | $555K | −$7K | −$3K | 990 PDF |
| FY2022 | $390K | $367K | $23K | $3K | 990 PDF |
| FY2021 | $189K | −$21K | 990 PDF | ||
| FY2020 | $73K | $7K | 990 PDF |
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Schedules filed Part IV
See the full FY2025 990 (6 parts)
Part I · Summary $833,522 revenue, 12 lines filed
Part VI · Governance 8 of 8 board members independent, 2 to look at
Part VIII · Statement of revenue $833,522 across 10 lines filed
Part IX · Statement of functional expenses $796,722 across 31 lines filed
Part X · Balance sheet $20,445 assets, 17 lines filed
Part XI · Reconciliation of net assets −$39,463 net assets at year end
Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File
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