New Venture Fund
- Assets
- $490.8m
- Revenue
- $460.8m
- Investments
- $115.4m
- Employees
- 687
- Location
- Washington, DC
- Founding
- 01/2007
- Data as of
- 12/2019
- 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 12/2019, New Venture Fund employed 687 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 12/2019, New Venture Fund generated $460.8m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 7.7% each year. All expenses for the organization totaled $420.9m during the year ending 12/2019. While expenses have increased by 14.4% per year over the past 5 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 3,767 individual grants totaling $852,776,031. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2019
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:
Part 3 - Line 4a
NEW VENTURE FUND'S (NVF) CIVIL RIGHTS, SOCIAL ACTION, AND ADVOCACY PORTFOLIO SPANS A BROAD SPECTRUM OF PROJECTS, INCLUDING THOSE WHICH SEEK TO PROTECT THE RIGHTS OF CITIZENS TO POLITICAL AND SOCIAL FREEDOM AND EQUALITY, INSPIRE AND IMPLEMENT NEW IDEAS AND PROCESSES FOR THE BETTERMENT OF SOCIETY, AND FOSTER PUBLIC PARTICIPATION IN THE DEBATE ON IMPORTANT SOCIAL ISSUES TO ENSURE THAT COMMUNITIES HAVE A VOICE IN PUBLIC POLICIES THAT IMPACT THEIR LIVES.
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.
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.
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 OPPORTUNITY.HEALTH - 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.
NEW VENTURE FUND'S (NVF) CIVIL RIGHTS, SOCIAL ACTION, AND ADVOCACY PORTFOLIO SPANS A BROAD SPECTRUM OF PROJECTS, INCLUDING THOSE WHICH SEEK TO PROTECT THE RIGHTS OF CITIZENS TO POLITICAL AND SOCIAL FREEDOM AND EQUALITY, INSPIRE AND IMPLEMENT NEW IDEAS AND PROCESSES FOR THE BETTERMENT OF SOCIETY, AND FOSTER PUBLIC PARTICIPATION IN THE DEBATE ON IMPORTANT SOCIAL ISSUES TO ENSURE THAT COMMUNITIES HAVE A VOICE IN PUBLIC POLICIES THAT IMPACT THEIR LIVES.
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.
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.
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 OPPORTUNITY.HEALTH - 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 |
|---|---|---|---|
Pamela O Foster Project Director | 40 | $399,048 | |
Marc Kastner Project Director Through 12/2019 | 24 | $338,553 | |
Rakesh Rajani Project Director | 40 | $332,156 | |
Valerie Conn Project Director | 40 | $329,179 | |
Arkadi Gerney Project Director | 40 | $320,675 | |
Lee Bodner President | Officer | 40 | $320,150 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Arabella Advisors Llc Admin., Operations & Management Services | 12/30/19 | $23,261,222 |
Purpose Campaigns Llc Consulting Services | 12/30/19 | $2,706,679 |
Dci Group Az Llc Consulting Services | 12/30/19 | $1,638,000 |
Arabella Advisors Llc Admin., Operations & Management Services | 12/30/19 | $23,261,222 |
Commonhealth Action Consulting Services | 12/30/19 | $1,760,560 |
Purpose Campaigns Llc Consulting Services | 12/30/19 | $2,706,679 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $10,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $449,997,353 |
| Noncash contributions included in lines 1a–1f | $15,362,823 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $450,007,353 |
| Total Program Service Revenue | $3,902,750 |
| Investment income | $4,554,888 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $838,645 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $460,798,902 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $171,291,428 |
| Grants and other assistance to domestic individuals. | $31,193,210 |
| Grants and other assistance to Foreign Orgs/Individuals | $40,225,744 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $408,672 |
| Compensation of current officers, directors, key employees. | $408,672 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $47,651,872 |
| Pension plan accruals and contributions | $1,162,837 |
| Other employee benefits | $6,465,383 |
| Payroll taxes | $3,591,095 |
| Fees for services: Management | $21,526,509 |
| Fees for services: Legal | $1,298,163 |
| Fees for services: Accounting | $186,389 |
| Fees for services: Lobbying | $2,953,048 |
| Fees for services: Fundraising | $350,074 |
| Fees for services: Investment Management | $268,933 |
| Fees for services: Other | $68,043,835 |
| Advertising and promotion | $1,735,108 |
| Office expenses | $1,002,362 |
| Information technology | $2,387,219 |
| Royalties | $0 |
| Occupancy | $3,598,101 |
| Travel | $9,036,329 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,978,501 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $232,045 |
| Insurance | $117,976 |
| All other expenses | $1,300,255 |
| Total functional expenses | $420,857,504 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,131,411 |
| Savings and temporary cash investments | $184,024,964 |
| Pledges and grants receivable | $168,418,940 |
| Accounts receivable, net | $5,203,261 |
| Loans from Officers, Directors, or Controlling Persons | $157,318 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $533,897 |
| Net Land, buildings, and equipment | $810,266 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $115,361,153 |
| Investments—program-related | $251,602 |
| Intangible assets | $0 |
| Other assets | $940,446 |
| Total assets | $490,833,258 |
| Accounts payable and accrued expenses | $6,274,859 |
| Grants payable | $71,126,262 |
| 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 | $5,954,226 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $33 |
| Total liabilities | $83,355,380 |
| Net assets without donor restrictions | $14,371,913 |
| Net assets with donor restrictions | $393,105,965 |
| 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 | $490,833,258 |
Grants Awarded
Over the last fiscal year, New Venture Fund has awarded $342,282,664 in support to 1,286 organizations.
| Grant Recipient | Amount |
|---|---|
Washington, DC PURPOSE: CAPACITY BUILDING | $33,013,025 |
Washington, DC PURPOSE: CAPACITY BUILDING | $33,013,025 |
Cambridge, MA PURPOSE: TECHNOLOGY AND INNOVATION | $10,540,000 |
Cambridge, MA PURPOSE: TECHNOLOGY AND INNOVATION | $10,540,000 |
Los Angeles, CA PURPOSE: YOUTH DEVELOPMENT AND EDUCATION | $5,486,593 |
Los Angeles, CA PURPOSE: YOUTH DEVELOPMENT AND EDUCATION | $5,486,593 |
Grants Recieved
Over the last fiscal year, we have identified 50 grants that New Venture Fund has recieved totaling $32,577,594.
| Awarding Organization | Amount |
|---|---|
The Susan Thompson Buffett Foundation Omaha, NE PURPOSE: PROJECT SUPPORT | $4,000,000 |
The Susan Thompson Buffett Foundation Omaha, NE PURPOSE: PROJECT SUPPORT | $4,000,000 |
The Susan Thompson Buffett Foundation Omaha, NE PURPOSE: PROJECT SUPPORT | $4,000,000 |
The Susan Thompson Buffett Foundation Omaha, NE PURPOSE: PROJECT SUPPORT | $4,000,000 |
The Susan Thompson Buffett Foundation Omaha, NE PURPOSE: PROJECT SUPPORT | $2,734,498 |
The Susan Thompson Buffett Foundation Omaha, NE PURPOSE: PROJECT SUPPORT | $2,734,498 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New Venture Fund Washington, DC | $490,833,258 | $460,798,902 |
Resources For The Future Inc Washington, DC | $83,427,208 | $9,153,096 |
International Council On Clean Transportation Washington, DC | $9,651,087 | $8,141,537 |
Health Care Without Harm Reston, VA | $12,204,309 | $8,908,666 |
Clearpath Inc Washington, DC | $3,825,790 | $7,077,419 |
Smart Growth America Washington, DC | $3,860,274 | $5,527,186 |
National Petroleum Council Washington, DC | $11,143,751 | $5,058,565 |
Clean Water Fund Washington, DC | $5,205,740 | $5,114,059 |
Center For Climate And Energy Solutions Arlington, VA | $5,421,282 | $2,994,456 |
Society For Conservation Biology Washington, DC | $5,699,715 | $1,597,681 |
Foundations Of Success Inc Bethesda, MD | $1,656,003 | $2,328,121 |
Chesapeake Research Consortium Inc Edgewater, MD | $669,610 | $1,847,285 |