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Nonprofiteer
← PHILANTHROPIC VENTURES FOUNDATION

Form 990 for tax year 2022

Filed by PHILANTHROPIC VENTURES FOUNDATION.

Totals

Total revenue
$22,915,613
Total expenses
$23,373,623
Contributions and grants received
$22,443,026
Grants paid
$22,387,194
Program service revenue
$0
Investment income
$472,587
Other revenue
$0
Total assets, end of year
$32,597,542
Total liabilities, end of year
$2,540,660
Net assets or fund balances, end of year
$30,056,882
Program services expenses (Part IX)
$22,937,146
Management and general expenses
$339,517
Fundraising expenses
$96,960
Program service expenses (Part III)
$22,937,146

Program services were 98.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $22,443,026

  • 1g · Noncash contributions included above

    $3,764,798

  • 3 · Investment income

    total $319,201 · excluded $319,201

  • 7a · Gross sales of assets other than inventory

    securities $9,158,578

  • 7b · Less cost or other basis and sales expenses

    securities $9,005,192

  • 7c · Gain or loss

    securities $153,386

  • 7d · Net gain or loss

    total $153,386 · excluded $153,386

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $19,152,478 · program services $19,152,478

  • 3 · Grants to foreign organizations and individuals

    total $3,234,716 · program services $3,234,716

  • 5 · Compensation of officers, directors and key employees

    total $335,264 · program services $264,859 · management and general $36,879 · fundraising $33,526

  • 7 · Other salaries and wages

    total $227,958 · program services $174,808 · management and general $14,516 · fundraising $38,634

  • 8 · Pension plan contributions

    total $11,638 · program services $8,902 · management and general $697 · fundraising $2,039

  • 9 · Other employee benefits

    total $7,201 · program services $58 · management and general $6,993 · fundraising $150

  • 10 · Payroll taxes

    total $40,062 · program services $31,249 · management and general $3,606 · fundraising $5,207

  • 11b · Fees: legal

    total $975 · management and general $975

  • 11c · Fees: accounting

    total $82,834 · management and general $82,834

  • 11f · Fees: investment management

    total $139,514 · management and general $139,514

  • 11g · Fees: other

    total $12,982 · management and general $12,982

  • 12 · Advertising and promotion

    total $9,247 · fundraising $9,247

  • 13 · Office expenses

    total $28,357 · program services $15,450 · management and general $12,176 · fundraising $731

  • 16 · Occupancy

    total $57,123 · program services $44,556 · management and general $5,141 · fundraising $7,426

  • 17 · Travel

    total $9,752 · program services $9,752

  • 23 · Insurance

    total $10,596 · management and general $10,596

  • 24a · Other expenses: BANK FEES

    total $11,655 · management and general $11,655

  • 24b · Other expenses: MISCELLANEOUS

    total $1,271 · program services $318 · management and general $953

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,442,717 · end of year $532,174

  • 2 · Savings and temporary cash investments

    beginning of year $8,304,958 · end of year $5,122,192

  • 3 · Pledges and grants receivable

    beginning of year $375,203 · end of year $500,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $5,935 · end of year $5,935

  • 11 · Investments: publicly traded securities

    beginning of year $26,286,166 · end of year $26,437,241

  • 17 · Accounts payable and accrued expenses

    beginning of year $45,018 · end of year $38,456

  • 18 · Grants payable

    beginning of year $953,635 · end of year $2,502,204

  • 27 · Net assets without donor restrictions

    beginning of year $28,002,833 · end of year $23,662,555

  • 28 · Net assets with donor restrictions

    beginning of year $7,413,493 · end of year $6,394,327

Mission and programs · 2022

Mission

TO ENGAGE CREATIVE DONORS AND COMMUNITY PARTNERS IN GRASSROOTS PHILANTHROPY VIA RADICAL COLLABORATION.

Activities or mission (Part I)

TO ENGAGE CREATIVE DONORS AND COMMUNITY PARTNERS IN GRASSROOTS PHILANTHROPY VIA RADICAL COLLABORATION

  • PHILANTHROPIC VENTURES FOUNDATION (PVF) BRINGS A UNIQUE PERSPECTIVE TO PHILANTHROPY AND THE WAY IT IS CARRIED OUT TO MAXIMIZE IMPACT. WE PROVIDE A VALUABLE AND OTHERWISE UNHEARD VOICE TO THE PHILANTHROPIC SECTOR. WE HAVE BUILT UP LONG-TERM RELATIONSHIPS WITH DONORS, HELPED SHAPE THEIR CHARITABLE GIVING, AND ARE REGARDED AS TRUSTED PHILANTHROPIC ADVISORS TO MANY. OUR APPROACH AND VISION FOR PHILANTHROPY HAVE BEEN BROADCAST THOROUGHLY AND EMBRACED THROUGH OUR RECENT BOOK, GRASSROOTS PHILANTHROPY, PUBLIC SPEAKING ENGAGEMENTS, AND TEACHING.PVF STAFF IS IN CONSTANT COMMUNICATION WITH ITS GRANTEES TO ACT AS ANADVOCATE IN HELPING THEM SUCCEED IN THEIR WORK.

    Expenses $22,937,146 · Grants $22,387,194

As filed on the 2022 return.

Listed in Part VII

  • Bill Somerville

    PRESIDENT/FOUNDER

    Total calculated
    $135,152
    From this org
    $125,000
    From related orgs
    $0
    Other
    $10,152
    Hours/week
    24

  • Moira C Walsh

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • James Higa

    TREASURER/EXECUTIVE DIRECT

    Total calculated
    $0
    Hours/week
    32

  • Duncan Beardsley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • James R Cody

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Adrienne Tissier

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Jackie Speier

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Colburn S Wilbur

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Alicia Aguirre

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Dawn Hawk

    COO

    Total calculated
    $200,113
    From this org
    $175,000
    From related orgs
    $0
    Other
    $25,113
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $175,000
    Bonus
    $0
    Other
    $0
    Deferred
    $17,500
    Nontaxable benefits
    $7,613
    Filer's total
    $200,113

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, and on a Form 990-PF Part VIII's — 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

  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Approval by the board or compensation committee

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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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

  • RESILIA ACADEMY

    $1,267,821

    ACCESS TO ON-DEMAND TECHNICAL ASSISTANCE AND CAPACITY BUILDING SUPPORT

  • ALAMEDA COUNTY BEHAVIORAL HEALTH

    $803,775

    ALAMEDA INNOVATIONS - ROUND 4 FUND

  • GIVE BLCK INC

    $532,719

    JUSTWORKS MONTHLY PAYROLL AND BENEFITS SERVICES

  • TURNING BASIN LABS

    $412,920

    DIGNIFIED WORK TRAINING COLLECTIVE

  • MERCY BEYOND BORDERS

    $300,000

    GENERAL SUPPORT

  • COUNTY OF ALAMEDA

    $297,516

    ALL IN ALAMEDA COUNTY

  • EQUALIZE HEALTH

    $250,000

    GENERAL SUPPORT

  • TURIMIQUIRE FOUNDATION

    $250,000

    FAMILY PLANNING IN SUCRE, VENEZUELA

  • LIBRARIES WITHOUT BORDERS

    $193,971

    GENERAL SUPPORT

  • SAVE THE CHILDREN

    $173,125

    EMERGENCY NEEDS ARISING FROM THE CRISIS IN UKRAINE

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

Provenance

Return type
form_990
Tax year
2022
Filed
14 November 2023
IRS schema version
2022v5.0
Source object
202323189349317732

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

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