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New Venture Fund

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 205806345 ✦ Washington, DC ✦ Designated as a 501(c)(3)

Overview

What is New Venture Fund?

New Venture Fund is a Washington D.C.-based 501(c)(3) nonprofit organization with a mission to foster social change by supporting individuals and initiatives that strive for a just, equitable, and sustainable future. They provide fiscal sponsorship, offering essential administrative services such as human resources, legal, accounting, and compliance support, enabling initiatives to launch and operate more efficiently. New Venture Fund's portfolio focuses on human rights, social freedom, and equality, utilizing grantmaking, communications, stakeholder coordination, civic and media engagement, and public awareness campaigns to protect these crucial issues and encourage public engagement.


Official website here: www.newventurefund.org

Is New Venture Fund legitimate?

New Venture Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Venture Fund submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $1,079,516
Professional Fundraising Fees: $287,806
Other Salaries and Wages: $83,892,435

For more financial information, click here


Official website here: www.newventurefund.org

What is the mission statement of New Venture Fund?

New Venture Fund, a 501(c)(3) nonprofit organization, is dedicated to fostering positive change by providing fiscal sponsorship and administrative support to individuals with innovative ideas. By facilitating the transfer of philanthropic capital to those in need, New Venture Fund plays a crucial role in building a just, equitable, and sustainable future. The organization's civil rights, social action, and advocacy portfolio focuses on protecting human rights, promoting social freedom, and advocating for equality. Through grantmaking, communications, stakeholder coordination, civic and media engagement, and public awareness campaigns, New Venture Fund enables impactful initiatives and encourages public involvement in crucial issues.


Official website here: www.newventurefund.org

Who is the CEO of New Venture Fund?

Lee Bodner is the Board Chair of New Venture Fund.


Official website here: www.newventurefund.org

What is the revenue of New Venture Fund?

New Venture Fund's revenue in 2022 was $755,584,165.


Official website here: www.newventurefund.org

Who are the executives of New Venture Fund and what are their salaries?

The average compensation at New Venture Fund during 2022 was $79,044. There are 1,075 employees and 534 volunteers at New Venture Fund.

Here are 14 key members and their salaries:

    France Cordova (Project Director)
  • Compensation: $543,288
  • Related: $0
  • Other: $37,536

    • Eliza Byard (Project Senior Advisor)
  • Compensation: $430,954
  • Related: $0
  • Other: $36,581

    • Fran Seegull (Project Director)
  • Compensation: $436,909
  • Related: $0
  • Other: $29,508

    • Rakesh Rajani (Project Director)
  • Compensation: $412,092
  • Related: $0
  • Other: $41,702

    • Pamela Foster (Project Director)
  • Compensation: $412,137
  • Related: $0
  • Other: $38,539

    • Lee Bodner (President)
  • Compensation: $353,900
  • Related: $0
  • Other: $41,702

    • Andrew Schulz (General Counsel)
  • Compensation: $300,900
  • Related: $0
  • Other: $41,456

    • Shannon Scott (Chief Financial Officer)
  • Compensation: $314,900
  • Related: $0
  • Other: $26,658

    • Adam Eichberg (Board Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Katherine Miller (Treasurer And Vice-Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Tom Gibian (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Daryn Dodson (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Harry Drucker (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Vatsala Pathy (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.newventurefund.org

    Where can I find the form 990 for New Venture Fund?

    The New Venture Fund’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.newventurefund.org

    Learn more at the official website: www.newventurefund.org

    Mission Statement of New Venture Fund

    New Venture Fund, a 501(c)(3) nonprofit organization, is dedicated to shaping a fair, equitable, and sustainable future by channeling the right kinds of philanthropic capital to innovative individuals and initiatives. By offering fiscal sponsorship, New Venture Fund provides essential tools and administrative support, enabling ideas to thrive and operate more effectively. This nonprofit's mission extends to the civil rights, social action, and advocacy sector, where it aims to safeguard human rights, foster social freedom, and promote equality. Activities encompass grantmaking, stakeholder coordination, communications, civic and media engagement, and public awareness campaigns.

    Impact

    This information is meant to be a general summary of New Venture Fund. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    New Venture Fund's impact can be seen in its efforts to protect human rights, social freedom, and equality while fostering public engagement on these important issues. Through its civil rights, social action, and advocacy portfolio, New Venture Fund engages in activities such as grantmaking, communications, coordination among stakeholders, civic and media engagement, and public awareness campaigns. By providing fiscal sponsorship and administrative support, New Venture Fund enables initiatives to quickly get off the ground and operate more efficiently, ultimately working towards building a just, equitable, and sustainable future.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $9,981,969
  • Program Service Revenue: $8,651,070
  • Gross Receipts: $921,917,223

    • Assets and Liabilities:
  • Total Assets: $1,036,457,607
  • Total Liabilities: $141,433,895
  • Net Assets: $895,023,712
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    CONSULTING REVENUE

    Revenue

    $6,803,964

    DUES REVENUE

    Revenue

    $1,409,864

    FORUM REGISTRATION

    Revenue

    $222,463

    INT. INCOME-PROG LOAN

    Revenue

    $152,279

    SPONSORSHIPS

    Revenue

    $62,500

    Organization Details

    Founding Year

    2006

    Principal Officer

    Lee Bodner

    Main Address

    1828 L STREET NW 300-A, WASHINGTON, DC, 20036

    NTEE Category

    Code: C05 - Environment

    If you are a representative of New Venture Fund and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.