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
What are the reviews and ratings of this charity?
Charity Navigator Rating 94% - Four-Star out of Four Star rating
New Venture Fund has achieved a remarkable 94% rating on Charity Navigator, emphasizing its strong commitment to accountability and financial health. The rating highlights that the organization has a solid independent board structure, with 100% of its members being independent, and it has no material diversion of assets, reflecting transparency and responsible governance.
The fund demonstrates a high program expense ratio of 94.70%, indicating that a significant portion of its funding is directed towards its programs rather than administrative costs. Additionally, the organization has comprehensive policies in place, including conflict of interest and whistleblower policies, ensuring ethical operations and oversight.
While the organization performs well in various accountability metrics, it is important to note that the rating is based solely on its financial practices. Future evaluations may benefit from a broader perspective that includes programmatic impact and stakeholder feedback to provide a more holistic view of its effectiveness.
This AI summary has been generated from information found on Charity Navigator.
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.
Heare 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 1075 employees and 534 volunteers at New Venture Fund.
Here are 14 key members and their salaries:
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- Compensation: $353,900
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- Other: $41,702
- Compensation: $300,900
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- Other: $41,456
- Compensation: $314,900
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- Other: $26,658
- Compensation: $543,288
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- Other: $37,536
- Compensation: $436,909
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- Other: $29,508
- Compensation: $430,954
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- Other: $36,581
- Compensation: $412,137
- Related: $0
- Other: $38,539
- Compensation: $412,092
- Related: $0
- Other: $41,702
Official website here: www.newventurefund.org
Where can I find the form 990 for New Venture Fund?
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.
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Impact
October, 2024
New Venture Fund has a significant impact by channeling philanthropic capital to support innovative ideas that foster a just, equitable, and sustainable future. By offering fiscal sponsorship and essential administrative support, the organization enables initiatives to launch quickly and operate efficiently, allowing leaders to concentrate on their mission-driven work.
The fund's Civil Rights, Social Action, and Advocacy portfolio plays a crucial role in protecting human rights, social freedoms, and equality. Through a variety of activities—including grantmaking, stakeholder coordination, civic engagement, and public awareness campaigns—New Venture Fund mobilizes resources and raises awareness on critical issues. Its efforts also promote public engagement, creating a more informed community that advocates for necessary social change.
Overall, New Venture Fund’s initiatives contribute significantly to building a more equitable society, paving the way for transformative changes in communities across the nation.
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.
Financials
This financial information is from Propublica.
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
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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
Phone
(202) 595-1061Principal Officer
Lee Bodner
Main Address
1828 L STREET NW 300-A, WASHINGTON, DC, 20036
Website
www.newventurefund.orgNTEE Category
Code: C05 - Environment
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