New Venture Fund
- Assets
- $1.2b
- Revenue
- $963.8m
- Investments
- $108.3m
- Employees
- 986
- Location
- Washington, DC
- Founding
- 01/2007
- Data as of
- 12/2021
- EIN
- 20-5806345
Organization Overview
New Venture Fund is located in Washington, DC. The organization was established in 2007. According to its NTEE Classification (C05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Environment and related organizations. As of 12/2021, New Venture Fund employed 986 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Venture Fund is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, New Venture Fund generated $963.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.1% each year . All expenses for the organization totaled $552.5m during the year ending 12/2021. While expenses have increased by 14.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, New Venture Fund has awarded 5,542 individual grants totaling $1,452,734,731. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
NEW VENTURE FUND, A 501(C)(3) NONPROFIT ORGANIZATION, AIMS TO HELP BUILD A JUST, EQUITABLE, AND SUSTAINABLE FUTURE BY GETTING THE RIGHT TYPES OF PHILANTHROPIC CAPITAL INTO THE HANDS OF PEOPLE WITH THE RIGHT IDEAS, AT THE RIGHT TIMES, IN THE RIGHT PLACES TO ACCOMPLISH NEEDED CHANGE. TO ALLOW NONPROFIT LEADERS TO FOCUS ON THE WORK AT HAND, WE OFFER FISCAL SPONSORSHIP SUPPORT, WHICH MEANS WE PROVIDE TOOLS AND ADMINISTRATIVE SUPPORT, INCLUDING HUMAN RESOURCES, LEGAL, ACCOUNTING, AND COMPLIANCE SERVICES, ENABLING INITIATIVES TO GET OFF THE GROUND QUICKLY AND OPERATE MORE EFFICIENTLY.
Describe the Organization's Program Activity:
NEW VENTURE FUND'S (NVF) CIVIL RIGHTS, SOCIAL, ACTION, AND ADVOCACY PORTFOLIO AIMS TO PROTECT HUMAN RIGHTS, SOCIAL FREEDOM, AND EQUALITY WHILE FOSTERING PUBLIC ENGAGEMENT ON THESE IMPORTANT ISSUES. ACTIVITIES INCLUDE GRANTMAKING, COMMUNICATIONS, COORDINATION AMONG STAKEHOLDERS, CIVIC AND MEDIA ENGAGEMENT, AND PUBLIC AWARENESS CAMPAIGNS.
NVF OPERATES A VARIETY OF YOUTH DEVELOPMENT AND EDUCATION-FOCUSED PROJECTS. THESE PROJECTS WORK IN A RANGE OF AREAS TO SUPPORT THE DEVELOPMENT OF YOUTH AND IMPROVEMENT OF EDUCATION IN THE U.S., SUCH AS EARLY LEARNING IN VULNERABLE POPULATIONS, LITERACY, CONNECTED LEARNING, SUPPORT TO TEACHERS AND OTHER EDUCATIONAL PROFESSIONALS, AND ADVOCACY FOR EFFECTIVE TEACHING PRACTICES AND EDUCATION REFORM. OUR WORK PRIMARILY INCLUDES GRANTMAKING, CONVENINGS, AND STRATEGIC COMMUNICATIONS SUPPORT.
NVF'S ENVIRONMENTAL PROGRAMS FOCUS ON A RANGE OF CONSERVATION, CLIMATE, AND ENERGY ISSUES IN THE U.S. AND ABROAD. THESE ISSUES INCLUDE OCEAN AND RIVER CONSERVATION, ALTERNATIVE ENERGY RESOURCES AND REDUCTION OF FOSSIL FUELS, PROTECTION OF OCEAN LIFE, WILDLANDS CONSERVATION, ECOLOGICAL AGRICULTURE, AND HABITAT RESTORATION. ACTIVITIES AMONG THESE PROJECTS INCLUDE GRANTMAKING, COMMUNICATIONS, COORDINATION AMONG STAKEHOLDERS, CIVIC AND MEDIA ENGAGEMENT, AND PUBLIC AWARENESS CAMPAIGNS.
CAPACITY-BUILDING: NVF CAPACITY-BUILDING PROJECTS SUPPORT THE CAPACITY DEVELOPMENT OF GRANTEES ON ISSUES RELATED TO CIVIC ENGAGEMENT, ECONOMIC OPPORTUNITY, SUSTAINABILITY, AND QUALITY OF LIFE.INTERNATIONAL DEVELOPMENT: NVF SUPPORTS A VARIETY OF PROJECTS FOCUSED ON IMPROVING THE LIVES OF MILLIONS GLOBALLY THROUGH EDUCATION, HEALTH, AND ECONOMIC OPPORTUNITYHEALTH: NVF HEALTH PROJECTS CONNECT STAKEHOLDERS (INCLUDING ACADEMIA, LOCAL COMMUNITIES, ACTIVISTS, AND POLICYMAKERS) TO SUPPORT A VARIETY OF POLICY, SYSTEMS, ENVIRONMENTAL, AND PUBLIC EDUCATION RELATED INITIATIVES THAT PROMOTE EQUITABLE OPPORTUNITIES FOR GOOD HEALTH FOR ALL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Fran Seegull Project Director | 40 | $425,580 | |
Pamela Foster Project Director | 40 | $418,475 | |
Rakesh Rajani Project Director | 40 | $418,430 | |
Lee Bodner President | Officer | 40 | $406,900 |
France Cordova Project Director | 40 | $343,933 | |
Valerie Conn Project Director Through 3/2021 | 40 | $326,699 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Arabella Advisors Llc Admin., Operations & Management Services | 12/30/21 | $29,658,871 |
Commonhealth Action Consulting Services | 12/30/21 | $1,743,688 |
Berlin Rosen Ltd Consulting Services | 12/30/21 | $2,034,365 |
Safeguard World International Ltd Project Management | 12/30/21 | $1,667,532 |
Arc Initiatives Consulting Services | 12/30/21 | $1,475,750 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $954,914,471 |
| Noncash contributions included in lines 1a–1f | $20,833,274 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $954,914,471 |
| Total Program Service Revenue | $5,592,131 |
| Investment income | $1,243,301 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $196,910 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $963,814,870 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $232,795,543 |
| Grants and other assistance to domestic individuals. | $35,193,724 |
| Grants and other assistance to Foreign Orgs/Individuals | $61,507,661 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,064,921 |
| Compensation of current officers, directors, key employees. | $850,286 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $70,718,501 |
| Pension plan accruals and contributions | $1,499,097 |
| Other employee benefits | $9,728,227 |
| Payroll taxes | $5,264,599 |
| Fees for services: Management | $31,239,205 |
| Fees for services: Legal | $1,362,716 |
| Fees for services: Accounting | $220,390 |
| Fees for services: Lobbying | $2,769,823 |
| Fees for services: Fundraising | $472,888 |
| Fees for services: Investment Management | $198,234 |
| Fees for services: Other | $75,319,456 |
| Advertising and promotion | $8,729,794 |
| Office expenses | $863,027 |
| Information technology | $7,157,097 |
| Royalties | $0 |
| Occupancy | $1,476,388 |
| Travel | $1,650,670 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,133,554 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $440,164 |
| Insurance | $228,267 |
| All other expenses | $95,103 |
| Total functional expenses | $552,517,598 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $67,709,374 |
| Savings and temporary cash investments | $617,999,440 |
| Pledges and grants receivable | $428,426,527 |
| Accounts receivable, net | $5,166,365 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,110,390 |
| Net Land, buildings, and equipment | $1,315,209 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $108,271,536 |
| Investments—program-related | $9,288,032 |
| Intangible assets | $0 |
| Other assets | $878,481 |
| Total assets | $1,240,165,354 |
| Accounts payable and accrued expenses | $19,323,791 |
| Grants payable | $102,621,646 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $229 |
| Total liabilities | $121,945,666 |
| Net assets without donor restrictions | $18,789,671 |
| Net assets with donor restrictions | $1,099,430,017 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,240,165,354 |
Grants Awarded
Over the last fiscal year, New Venture Fund has awarded $231,843,404 in support to 759 organizations.
| Grant Recipient | Amount |
|---|---|
Washington, DC PURPOSE: CIVIL RIGHTS, SOCIAL ACTION, ADVOCACY | $27,270,554 |
Washington, DC PURPOSE: CIVIL RIGHTS, SOCIAL ACTION, ADVOCACY | $12,870,870 |
Washington, DC PURPOSE: CIVIL RIGHTS, SOCIAL ACTION, ADVOCACY | $7,092,436 |
Highland Park, IL PURPOSE: INTERNATIONAL DEVELOPMENT AND FOREIGN AFFAIRS | $5,166,667 |
Palo Alto, CA PURPOSE: HEALTH | $4,955,000 |
Washington, DC PURPOSE: TECHNOLOGY AND INNOVATION | $4,000,000 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that New Venture Fund has recieved totaling $982,500.
| Awarding Organization | Amount |
|---|---|
Wallace Genetic Foundation Ii Inc Washington, DC PURPOSE: TO SUPPORTAFDA PROJECT | $680,000 |
Center For Climate Integrity Washington, DC PURPOSE: PROVIDE CLIMATE ACCOUNTABILITY CAMPAIGN STRATEGY AND SUPPORT. | $250,000 |
Wellsprings Family Foundation Santa Fe, NM PURPOSE: TO SUPPORT ADVOCATESFOR DEVELOPMENTASSISTANCE PROJECT | $40,000 |
Schoxorg San Francisco, CA PURPOSE: TO SUPPORT THE ORGANIZATION'S EXEMPT CHARITABLE PURPOSE | $10,000 |
Dry Fam Charitable Foundation Tr Philadelphia, PA PURPOSE: EDUCATIONAL PURPOSES | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New Venture Fund Washington, DC | $1,240,165,354 | $963,814,870 |
Resources For The Future Inc Washington, DC | $87,643,116 | $15,471,020 |
International Council On Clean Transportation Washington, DC | $10,919,229 | $15,647,679 |
Health Care Without Harm Reston, VA | $18,732,960 | $11,311,723 |
Clearpath Inc Washington, DC | $4,886,065 | $9,219,831 |
Center For Climate Integrity Washington, DC | $3,631,672 | $5,563,480 |
Clean Water Fund Washington, DC | $6,131,440 | $6,555,415 |
Smart Growth America Washington, DC | $4,425,807 | $5,937,730 |
Center For Climate And Energy Solutions Arlington, VA | $5,506,660 | $2,967,227 |
National Petroleum Council Washington, DC | $13,184,202 | $4,502,849 |
Center For Carbon Removal Washington, DC | $19,575,361 | $19,012,928 |
Electrification Coalition Foundation Washington, DC | $3,376,408 | $4,977,266 |