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Nonprofiteer
← NEW VENTURE FUND

Form 990 for tax year 2022

Filed by NEW VENTURE FUND.

Totals

Total revenue
$755,584,165
Total expenses
$825,032,231
Contributions and grants received
$734,791,162
Grants paid
$507,149,767
Program services expenses (Part IX)
$788,034,641
Management and general expenses
$34,251,885
Fundraising expenses
$2,745,705
Program service expenses (Part III)
$788,034,641

Program services were 95.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • ADAM EICHBERG

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    2

  • KATHERINE MILLER

    TREASURER AND VICE-CHAIR

    Total calculated
    $0
    Hours/week
    1

  • TOM GIBIAN

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • DARYN DODSON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • HARRY DRUCKER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • VATSALA PATHY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • LEE BODNER

    PRESIDENT

    Total calculated
    $395,602
    From this org
    $353,900
    From related orgs
    $0
    Other
    $41,702
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $353,000
    Bonus
    $0
    Other
    $900
    Deferred
    $18,300
    Nontaxable benefits
    $23,402
    Filer's total
    $395,602

  • ANDREW SCHULZ

    GENERAL COUNSEL

    Total calculated
    $342,356
    From this org
    $300,900
    From related orgs
    $0
    Other
    $41,456
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $300,000
    Bonus
    $0
    Other
    $900
    Deferred
    $18,054
    Nontaxable benefits
    $23,402
    Filer's total
    $342,356

  • SHANNON SCOTT

    CHIEF FINANCIAL OFFICER

    Total calculated
    $341,558
    From this org
    $314,900
    From related orgs
    $0
    Other
    $26,658
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $274,000
    Bonus
    $40,000
    Other
    $900
    Deferred
    $18,300
    Nontaxable benefits
    $8,358
    Filer's total
    $341,558

  • FRANCE CORDOVA

    PROJECT DIRECTOR

    Total calculated
    $580,824
    From this org
    $543,288
    From related orgs
    $0
    Other
    $37,536
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $532,000
    Bonus
    $10,388
    Other
    $900
    Deferred
    $18,300
    Nontaxable benefits
    $19,236
    Filer's total
    $580,824

  • FRAN SEEGULL

    PROJECT DIRECTOR

    Total calculated
    $466,417
    From this org
    $436,909
    From related orgs
    $0
    Other
    $29,508
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $435,990
    Bonus
    $919
    Other
    $0
    Deferred
    $18,300
    Nontaxable benefits
    $11,208
    Filer's total
    $466,417

  • ELIZA BYARD

    PROJECT SENIOR ADVISOR

    Total calculated
    $467,535
    From this org
    $430,954
    From related orgs
    $0
    Other
    $36,581
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $287,817
    Bonus
    $142,237
    Other
    $900
    Deferred
    $17,558
    Nontaxable benefits
    $19,023
    Filer's total
    $467,535

  • PAMELA FOSTER

    PROJECT DIRECTOR

    Total calculated
    $450,676
    From this org
    $412,137
    From related orgs
    $0
    Other
    $38,539
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $398,220
    Bonus
    $13,017
    Other
    $900
    Deferred
    $15,137
    Nontaxable benefits
    $23,402
    Filer's total
    $450,676

  • RAKESH RAJANI

    PROJECT DIRECTOR

    Total calculated
    $453,794
    From this org
    $412,092
    From related orgs
    $0
    Other
    $41,702
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $398,177
    Bonus
    $13,015
    Other
    $900
    Deferred
    $18,300
    Nontaxable benefits
    $23,402
    Filer's total
    $453,794

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
THE ORGANIZATION PROVIDES $75 PER MONTH FOR FITNESS RELATED COSTS, WHICH MAY INCLUDE CLUB FEES. THE BENEFIT IS OUTLINED IN THE NEW VENTURE FUND EMPLOYEE HANDBOOK AND THE AMOUNTS WERE CONSIDERED TAXABLE COMPENSATION TO THE EMPLOYEES.
PART I, LINE 7
THE ORGANIZATION PROVIDED BONUSES TO CERTAIN EMPLOYEES, WHICH WOULD BE CONSIDERED A "NON-FIXED PAYMENT". BONUSES PAID BY THE ORGANIZATION ARE (IN GENERAL) NOT SPECIFIED BY A FIXED FORMULA IN EMPLOYMENT CONTRACTS AND DETERMINED (IN PART) WITH DISCRETION IN DETERMINING THE AMOUNT OF BONUS OR WHETHER TO MAKE A BONUS PAYMENT.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • POSTSECONDARY NATIONAL POLICY INSTITUTE

    501(C)(3) · PROFESSIONAL DEVELOPMENT FOR POLICYMAKERS WORKING ON HIGHER EDUCATION ISSUES · DC · controlled entity

    Directly controlled by NEW VENTURE FUND

  • TELESCOPE FUND

    501(C)(3) · ADMINISTRATION OF DONOR ADVISED FUNDS · DC · controlled entity

    Directly controlled by NEW VENTURE FUND

Provenance

Return type
form_990
Tax year
2022
Filed
7 November 2023
IRS schema version
2022v5.0
Source object
202323149349302362

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