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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Community Improvement & Capacity Building AZ Venture Capital Inc.

AZ Venture Capital Inc.

Fiscal year ending 2024. Filed on May 1, 2025.

2303 N 44th St 14-1203
Phoenix, Arizona 85008

AZ Venture Capital Inc. (EIN: 88-2595973) has filed an IRS Form 990 since fiscal year 2023. In its fiscal year 2024 IRS Form 990 filing, AZ Venture Capital Inc., a 501(c)(3) charitable organization, reported compensation for 2 out of 5 total employees. Among the employees shown here, the average compensation is $208,206. The highest compensated employee at AZ Venture Capital Inc. is Andrew Lombard with fiscal year 2024 compensation of $304,988. AZ Venture Capital Inc. changed its name from Arizona Venture Development Corporation in 2024.

Revenue, expenses, and employee compensation

Revenue

$1,130,476

Expenses

$1,080,230

Employee compensation

$651,768
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Andrew Lombard
President and Chief Executive Officer
$304,988
$264,798 No related comp$40,190
Jennifer Palmer
Executive Assistant to CEO
$111,424
$109,250 No related comp$2,174

Benchmark Employee Compensation

Non-Employee Board Members

Cheryl Lombard
Secretary (Thru 03/2024)
Danny Seiden
Board Member (Thru 03/2024)
Gary Trujillo
Board Member (Thru 03/2024)
Jim Swanson
Treasurer
Karl Gentles
Board Member (Thru 03/2024)
Paul Hickman
Chairman (Thru 08/2023)
Sandra Watson
Vice Chair
Vada Manager
Board Member

Mission Statement

THE ARIZONA VENTURE DEVELOPMENT CORPORATION (AVC) IS A NONPROFIT ORGANIZATION ESTABLISHED TO PROMOTE ACCESS TO EQUITY CAPITAL FOR UNDERREPRESENTED BUSINESSES, CATALYZE PRIVATE INVESTMENT, AND FUEL ECONOMIC GROWTH AND JOB CREATION IN ARIZONA.

Revisions to this organization profile

May 1, 2025:
2024 AZ Venture Capital Inc. 990 filed
May 15, 2024:
2023 AZ Venture Capital Inc. 990 filed

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