New Venture Fund
- Assets
- $1.0b
- Revenue
- $755.6m
- Investments
- $115.9m
- Employees
- 1,075
- Location
- Washington, DC
- Founding
- 01/2007
- Data as of
- 12/2022
- 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 12/2022, New Venture Fund employed 1,075 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 12/2022, New Venture Fund generated $755.6m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.4% each year . All expenses for the organization totaled $825.0m during the year ending 12/2022. While expenses have increased by 18.3% per year over the past 8 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 6,534 individual grants totaling $1,872,210,499. 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
2022
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.
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.ENVIRONMENTAL PROGRAMS: 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 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.
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adam Eichberg Board Chair | OfficerTrustee | 2 | $0 |
Katherine Miller Treasurer And Vice-Chair | OfficerTrustee | 1 | $0 |
Tom Gibian Secretary | OfficerTrustee | 1 | $0 |
Daryn Dodson Board Member | Trustee | 1 | $0 |
Harry Drucker Board Member | Trustee | 1 | $0 |
Vatsala Pathy Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Zipline International Project Management | 12/30/22 | $38,000,000 |
Arabella Advisors Llc Admin, Operations & Management Services | 12/30/22 | $33,114,389 |
Atlas Technology Solutions Inc Project Management | 12/30/22 | $2,685,838 |
Berlin Rosen Llc Consulting Services | 12/30/22 | $3,022,101 |
Safeguard World International Ltd Project Management | 12/30/22 | $2,428,716 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $31,300 |
| Related organizations | $0 |
| Government grants | $909,053 |
| All other contributions, gifts, grants, and similar amounts not included above | $733,850,809 |
| Noncash contributions included in lines 1a–1f | $19,221,337 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $734,791,162 |
| Total Program Service Revenue | $8,651,070 |
| Investment income | $10,873,980 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$892,011 |
| Net Income from Fundraising Events | -$71,712 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $755,584,165 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $419,337,089 |
| Grants and other assistance to domestic individuals. | $37,124,434 |
| Grants and other assistance to Foreign Orgs/Individuals | $50,688,244 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,079,516 |
| Compensation of current officers, directors, key employees. | $888,668 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $83,892,435 |
| Pension plan accruals and contributions | $4,253,348 |
| Other employee benefits | $12,404,829 |
| Payroll taxes | $6,134,591 |
| Fees for services: Management | $31,197,798 |
| Fees for services: Legal | $1,924,120 |
| Fees for services: Accounting | $327,772 |
| Fees for services: Lobbying | $2,962,733 |
| Fees for services: Fundraising | $287,806 |
| Fees for services: Investment Management | $196,760 |
| Fees for services: Other | $137,088,014 |
| Advertising and promotion | $12,923,668 |
| Office expenses | $1,056,518 |
| Information technology | $8,315,176 |
| Royalties | $0 |
| Occupancy | $1,432,901 |
| Travel | $5,760,832 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,355,770 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $202,911 |
| Insurance | $265,475 |
| All other expenses | $328,417 |
| Total functional expenses | $825,032,231 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $28,412,052 |
| Savings and temporary cash investments | $615,711,891 |
| Pledges and grants receivable | $253,530,411 |
| Accounts receivable, net | $5,359,589 |
| 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 | $2,096,221 |
| Net Land, buildings, and equipment | $541,487 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $115,944,899 |
| Investments—program-related | $12,299,719 |
| Intangible assets | $0 |
| Other assets | $2,561,338 |
| Total assets | $1,036,457,607 |
| Accounts payable and accrued expenses | $20,018,954 |
| Grants payable | $119,849,319 |
| Deferred revenue | $54,101 |
| 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 | $1,511,521 |
| Total liabilities | $141,433,895 |
| Net assets without donor restrictions | $23,379,477 |
| Net assets with donor restrictions | $871,644,235 |
| 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 | $1,036,457,607 |
Grants Awarded
Over the last fiscal year, New Venture Fund has awarded $419,475,768 in support to 992 organizations.
| Grant Recipient | Amount |
|---|---|
2BRIDGE COMMUNITY DEVELOPMENT EXCHANGE FOUNDATION PURPOSE: ENVIRONMENTAL PROGRAMS | $75,000 |
50CAN INC PURPOSE: YOUTH DEVELOPMENT AND EDUCATION | $20,000 |
9TO5 NATIONAL ASSOCIATION OF WORKING WOMEN PURPOSE: ENVIRONMENTAL PROGRAMS | $510,000 |
60 DECIBELS PURPOSE: CAPACITY BUILDING | $130,000 |
A BETTER WAY FOUNDATION ABWF INC PURPOSE: YOUTH DEVELOPMENT AND EDUCATION | $100,000 |
A NEW WAY OF LIFE REENTRY PROJECT PURPOSE: CIVIL RIGHTS, SOCIAL ACTION, ADVOCACY | $750,000 |