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NEW VENTURE FUND

EIN 20-5806345 WASHINGTON, DC

Revenue 2024
$662,364,100
Expenses 2024
$723,042,837

Program services were 94.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

As filed

Subsection
03
NTEE code
C05
Classification
1000
Street
1828 L ST NW STE 400

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

  • 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. Earlier years are each on their own filing page.

Filings

  • 2024
    Revenue
    $662,364,100
    Expenses
    $723,042,837
    Contributions
    $628,271,501
    Grants paid
    $459,928,320
  • 2023
    Revenue
    $669,088,461
    Expenses
    $894,839,728
    Contributions
    $622,770,243
    Grants paid
    $592,958,696
  • 2022
    Revenue
    $755,584,165
    Expenses
    $825,032,231
    Contributions
    $734,791,162
    Grants paid
    $507,149,767

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

  • 2024 · 990-T

    Revenue
    not reported
    Expenses
    not reported
    Assets (EOY)
    not reported

  • 2023 · 990-T

    Revenue
    not reported
    Expenses
    not reported
    Assets (EOY)
    not reported

  • 2022 · 990-T

    Revenue
    not reported
    Expenses
    not reported
    Assets (EOY)
    not reported

Nonprofiteer parses the Form 990 only. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all.

Grants made

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

Where these grants went next →

Grants received

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

Related organizations

From Schedule R Part II, where a filer lists the tax-exempt organizations it is related to by control. It does not record shared board members or money.

Declared on its 2024 return

Declared as related by

Other IRS files

Auto-Revocation List

Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.

Publication 78

Listed as of 10 September 2026, under deductibility PC.

These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.