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Nonprofiteer
← NEW VENTURE FUND

Form 990 for tax year 2024

Filed by NEW VENTURE FUND.

Totals

Total revenue
$662,364,100
Total expenses
$723,042,837
Contributions and grants received
$628,271,501
Grants paid
$459,928,320
Program services expenses (Part IX)
$684,994,710
Management and general expenses
$36,047,829
Fundraising expenses
$2,000,298
Program service expenses (Part III)
$684,994,710

Program services were 94.7% 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 (THROUGH 2/2024)

    Total calculated
    $0
    Hours/week
    1

  • HARRY DRUCKER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • AKILAH MASSEY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • VATSALA PATHY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • CHUCK REDMOND

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • LEE BODNER

    PRESIDENT

    Total calculated
    $438,683
    From this org
    $385,900
    From related orgs
    $0
    Other
    $52,783
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $382,581
    Bonus
    $0
    Other
    $3,319
    Deferred
    $19,634
    Nontaxable benefits
    $33,149
    Filer's total
    $438,683

  • SHANNON SCOTT

    CFO (THROUGH 9/2024)

    Total calculated
    $247,961
    From this org
    $227,334
    From related orgs
    $0
    Other
    $20,627
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $202,908
    Bonus
    $0
    Other
    $24,426
    Deferred
    $13,664
    Nontaxable benefits
    $6,963
    Filer's total
    $247,961

  • ANDREW SCHULZ

    GENERAL COUNSEL

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • FRAN SEEGULL

    PROJECT DIRECTOR

    Total calculated
    $509,966
    From this org
    $476,013
    From related orgs
    $0
    Other
    $33,953
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $474,477
    Bonus
    $0
    Other
    $1,536
    Deferred
    $20,700
    Nontaxable benefits
    $13,253
    Filer's total
    $509,966

  • JAMES COWEN

    PROJECT DEPUTY DIRECTOR

    Total calculated
    $396,535
    From this org
    $349,102
    From related orgs
    $0
    Other
    $47,433
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $331,636
    Bonus
    $15,480
    Other
    $1,986
    Deferred
    $18,691
    Nontaxable benefits
    $28,742
    Filer's total
    $396,535

  • AMIE BATSON

    PROJECT PRESIDENT

    Total calculated
    $382,560
    From this org
    $375,000
    From related orgs
    $0
    Other
    $7,560
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $353,544
    Bonus
    $0
    Other
    $21,456
    Deferred
    $7,560
    Nontaxable benefits
    $0
    Filer's total
    $382,560

  • CAMILLA SETH

    PROJECT DIRECTOR

    Total calculated
    $378,650
    From this org
    $339,664
    From related orgs
    $0
    Other
    $38,986
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $330,092
    Bonus
    $0
    Other
    $9,572
    Deferred
    $20,380
    Nontaxable benefits
    $18,606
    Filer's total
    $378,650

  • WILSON WOODHOUSE

    PROJECT PRESIDENT

    Total calculated
    $352,459
    From this org
    $332,564
    From related orgs
    $0
    Other
    $19,895
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $330,750
    Bonus
    $1,669
    Other
    $145
    Deferred
    $19,895
    Nontaxable benefits
    $0
    Filer's total
    $352,459

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
2024
Filed
6 November 2025
IRS schema version
2024v5.2
Source object
202513159349305596

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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