Nonprofit · EIN 20-5806345
NEW VENTURE FUND
Tax-exempt · WASHINGTON, DC 20036
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $662,364,100 | $723,042,837 | -$60,678,737 | $624,857,462 | $90,532,676 | $534,324,786 |
| December 31, 2023 | 990 | $669,088,461 | $894,839,728 | -$225,751,267 | $768,495,421 | $141,199,797 | $627,295,624 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $628,271,501
- of which government grants
- $11,000
- Program service revenue
- $12,166,350
- Investment income
- $18,476,676
- Net gain from sales of assets
- $2,873,268
- Other revenue
- $3,449,573
Expenses
- Grants and similar amounts paid
- $459,928,320
- Compensation of officers, directors and key employees
- $686,644
- Other salaries and wages
- $67,915,781
- Salaries, compensation and benefits (total)
- $88,378,156
- Professional fundraising fees
- $787,027
- Legal fees
- $1,967,972
- Accounting fees
- $280,829
- Occupancy
- $960,787
- Travel
- $8,229,652
- Depreciation
- $161,983
- Program services (functional)
- $684,994,710
- Management and general (functional)
- $36,047,829
- Fundraising (functional)
- $2,000,298
Balance sheet and other
- Total assets, start of year
- $768,495,421
- Total assets, end of year
- $624,857,462
- Total liabilities, end of year
- $90,532,676
- Net assets, end of year
- $534,324,786
- Land, buildings and equipment
- $425,451
- Publicly traded securities
- $115,929,879
- Net assets without donor restrictions
- $56,649,217
- Net assets with donor restrictions
- $477,675,569
- Gross receipts
- $664,320,202
- Employees
- 732
- Volunteers
- 400
- Year formed
- 2006
- State of legal domicile
- DC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| FRAN SEEGULL | PROJECT DIRECTOR Highest-paid employee | 40 | $476,013 | $33,953 |
| LEE BODNER | PRESIDENT Officer | 40 | $385,900 | $52,783 |
| JAMES COWEN | PROJECT DEPUTY DIRECTOR Highest-paid employee | 40 | $349,102 | $47,433 |
| AMIE BATSON | PROJECT PRESIDENT Highest-paid employee | 40 | $375,000 | $7,560 |
| CAMILLA SETH | PROJECT DIRECTOR Highest-paid employee | 40 | $339,664 | $38,986 |
| WILSON WOODHOUSE | PROJECT PRESIDENT Highest-paid employee | 40 | $332,564 | $19,895 |
| SHANNON SCOTT | CFO (THROUGH 9/2024) Officer | 40 | $227,334 | $20,627 |
| ADAM EICHBERG | BOARD CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| KATHERINE MILLER | TREASURER AND VICE-CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| TOM GIBIAN | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| DARYN DODSON | BOARD MEMBER (THROUGH 2/2024) Trustee or director | 1 | $0 | $0 |
| HARRY DRUCKER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| AKILAH MASSEY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| VATSALA PATHY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CHUCK REDMOND | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ANDREW SCHULZ | GENERAL COUNSEL Officer | 1 | $0 |
990 for the year ended December 31, 2023: 16 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| FRAN SEEGULL | PROJECT DIRECTOR Highest-paid employee | 40 | $457,732 | $31,731 |
| LEE BODNER | PRESIDENT Officer | 40 | $363,500 | $51,076 |
| CANDY MARSHALL | PROJECT SENIOR ADVISOR Highest-paid employee | 40 | $373,400 | $38,598 |
| SHEENA MEADE | PROJECT DIRECTOR Highest-paid employee | 38 | $357,878 | $43,831 |
| LISA QUAY | PROJECT DIRECTOR (THROUGH 6/30/23) Highest-paid employee | 40 | $367,459 | $13,875 |
| ROGER KIM | PROJECT DIRECTOR Highest-paid employee | 37 | $335,402 | $39,228 |
| SHANNON SCOTT | CHIEF FINANCIAL OFFICER Officer | 40 | $290,840 | $26,362 |
| ANDREW SCHULZ | GENERAL COUNSEL Officer | 1 | $11,830 | $0 |
| ADAM EICHBERG | BOARD CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| KATHERINE MILLER | TREASURER AND VICE-CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| TOM GIBIAN | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| DARYN DODSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| HARRY DRUCKER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| AKILAH MASSEY | BOARD MEMBER (AS OF 10/30/2023) Trustee or director | 1 | $0 | $0 |
| VATSALA PATHY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CHUCK REDMOND | BOARD MEMBER (AS OF 06/22/2023) Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1828 L ST NW STE 400, WASHINGTON, DC 20036-5115
- In care of
- % WANDA BRYANT
- Principal officer (990 for 2024)
- LEE BODNER, 1828 L STREET NW 300-A, WASHINGTON, DC 20036
- Signed the 990
- LEE BODNER, PRESIDENT
- Phone
- (202) 595-1061
- Website
- WWW.NEWVENTUREFUND.ORG
- Return prepared by
- BAKER TILLY ADVISORY GROUP LP
Mission
NEW VENTURE FUND, A 501(C)(3) NONPROFIT ORGANIZATION PROVIDING FISCAL SPONSORSHIP, 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 (CONT. SCHEDULE O) TIMES, IN THE RIGHT PLACES TO ACCOMPLISH NEEDED CHANGE.
Program accomplishments
- 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.Expenses $293,145,850 · grants $211,934,132 · revenue $3,953,449
- 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. ACTIVITIES INCLUDE GRANTMAKING, CONVENINGS, AND STRATEGIC COMMUNICATIONS SUPPORT.Expenses $107,612,556 · grants $69,801,607 · revenue $357,083
- 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.Expenses $93,192,240 · grants $59,754,155 · revenue $862,735
- 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.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.INTERNATIONAL DEVELOPMENT: NVF SUPPORTS A VARIETY OF INTERNATIONAL DEVELOPMENT PROJECTS FOCUSED ON IMPROVING THE LIVES OF MILLIONS GLOBALLY THROUGH EDUCATION, HEALTH, AND ECONOMIC OPPORTUNITY. ACTIVITIES INCLUDE GRANTMAKING, COMMUNICATIONS, COORDINATION AMONG STAKEHOLDERS, AND EDUCATION EFFORTS.Expenses $191,044,064 · grants $118,438,426 · revenue $6,002,957
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 20-5806345
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2007
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Environment (C05)
- Assets (IRS master file)
- $624,857,462
- Income (IRS master file)
- $664,320,202
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $662,364,100 | $723,042,837 | $624,857,462 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $669,088,461 | $894,839,728 | $768,495,421 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $755,584,165 | $825,032,231 | $1,036,457,607 | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-5806345).
Questions about NEW VENTURE FUND
- What is the EIN of NEW VENTURE FUND?
- The employer identification number (EIN) of NEW VENTURE FUND is 20-5806345.
- Is NEW VENTURE FUND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2007.
- Are donations to NEW VENTURE FUND tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NEW VENTURE FUND file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of NEW VENTURE FUND due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NEW VENTURE FUND last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of NEW VENTURE FUND?
- The 990 for the year ended December 31, 2024 names LEE BODNER.
- Who are the officers and directors of NEW VENTURE FUND?
- The 990 for the year ended December 31, 2024 lists 16 people; 7 received compensation from the organization, the highest $476,013 (FRAN SEEGULL, PROJECT DIRECTOR).
- How much revenue does NEW VENTURE FUND have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $662,364,100, expenses of $723,042,837 and total assets of $624,857,462 at year end.
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