NEW VENTURE FUND

EIN: 205806345 501(c)(3) Environment

WASHINGTON, DC

Total Revenue
$669,088,461
Total Expenses
$894,839,728
Total Assets
$768,495,421
Net Assets
$627,295,624
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2006
Legal Domicile
DC
Principal Officer
LEE BODNER
Phone
2025951061
Tax Period
2023-01-01 to 2023-12-31

NEW VENTURE FUND, founded in 2006, is a major nonprofit in the Environment sector that reported $669.1M in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year. Expenses of $894.8M exceeded revenue, resulting in a 34% operating deficit.

Mission

NEW VENTURE FUND, A 501(C)(3) NONPROFIT ORGANIZATION PROVIDING FISCAL SPONSORSHIP, AIMS TO HELP BUILD A JUST, EQUITABLE, AND SUSTAINABLE FUTURE BY GETTING THE RIGHT TYPES OF PHILANTHROPIC CAPITAL INTO THE HANDS OF PEOPLE WITH THE RIGHT IDEAS, AT THE RIGHT (CONT. SCHEDULE O) TIMES, IN THE RIGHT PLACES TO ACCOMPLISH NEEDED CHANGE.

Program Service Accomplishments

Program 1
Expenses: $273,608,141 Revenue: $3,418,105

NEW VENTURE FUND'S (NVF) CIVIL RIGHTS, SOCIAL, ACTION, AND ADVOCACY PORTFOLIO AIMS TO PROTECT HUMAN RIGHTS, SOCIAL FREEDOM, AND EQUALITY WHILE FOSTERING PUBLIC ENGAGEMENT ON THESE IMPORTANT ISSUES...

Read more

NEW VENTURE FUND'S (NVF) CIVIL RIGHTS, SOCIAL, ACTION, AND ADVOCACY PORTFOLIO AIMS TO PROTECT HUMAN RIGHTS, SOCIAL FREEDOM, AND EQUALITY WHILE FOSTERING PUBLIC ENGAGEMENT ON THESE IMPORTANT ISSUES. ACTIVITIES INCLUDE GRANTMAKING, COMMUNICATIONS, COORDINATION AMONG STAKEHOLDERS, CIVIC AND MEDIA ENGAGEMENT, AND PUBLIC AWARENESS CAMPAIGNS.

Program 2
Expenses: $239,371,279 Revenue: $94,068

NVF SUPPORTS A VARIETY OF INTERNATIONAL DEVELOPMENT PROJECTS FOCUSED ON IMPROVING THE LIVES OF MILLIONS GLOBALLY THROUGH EDUCATION, HEALTH, AND ECONOMIC OPPORTUNITY. ACTIVITIES INCLUDE GRANTMAKING...

Read more

NVF SUPPORTS A VARIETY OF INTERNATIONAL DEVELOPMENT PROJECTS FOCUSED ON IMPROVING THE LIVES OF MILLIONS GLOBALLY THROUGH EDUCATION, HEALTH, AND ECONOMIC OPPORTUNITY. ACTIVITIES INCLUDE GRANTMAKING, COMMUNICATIONS, COORDINATION AMONG STAKEHOLDERS, AND EDUCATION EFFORTS.

Program 3
Expenses: $103,361,983 Revenue: $259,650

NVF OPERATES A VARIETY OF YOUTH DEVELOPMENT AND EDUCATION-FOCUSED PROJECTS. THESE PROJECTS WORK IN A RANGE OF AREAS TO SUPPORT THE DEVELOPMENT OF YOUTH AND IMPROVEMENT OF EDUCATION IN THE U.S., SUCH...

Read more

NVF OPERATES A VARIETY OF YOUTH DEVELOPMENT AND EDUCATION-FOCUSED PROJECTS. THESE PROJECTS WORK IN A RANGE OF AREAS TO SUPPORT THE DEVELOPMENT OF YOUTH AND IMPROVEMENT OF EDUCATION IN THE U.S., SUCH AS EARLY LEARNING IN VULNERABLE POPULATIONS, LITERACY, CONNECTED LEARNING, SUPPORT TO TEACHERS AND OTHER EDUCATIONAL PROFESSIONALS, AND ADVOCACY FOR EFFECTIVE TEACHING PRACTICES AND EDUCATION REFORM. ACTIVITIES INCLUDE GRANTMAKING, CONVENINGS, AND STRATEGIC COMMUNICATIONS SUPPORT.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $622,770,243
Program Service Revenue $17,261,720
Investment Income $25,907,596
Other Revenue $3,148,902
TOTAL REVENUE $669,088,461

Expense Breakdown

Grants Paid $592,958,696
Salaries & Benefits $114,965,351
Fundraising Expenses $3,117,298
Program Expenses $854,251,221
Other Expenses $186,586,218
TOTAL EXPENSES $894,839,728

Year-over-Year Comparison

2023 2022 Change
Revenue $669,088,461 $755,584,165 -0.1%
Expenses $894,839,728 $825,032,231 +0.1%
Net Income $-225,751,267 $-69,448,066 +2.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
8
Independent Members
8
Employees
964
Volunteers
600

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$743,608
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
FRAN SEEGULL PROJECT DIRECTOR 40.00
Highest
$457,732 $31,731 $489,463
LEE BODNER PRESIDENT 40.00
Officer
$363,500 $51,076 $414,576
CANDY MARSHALL PROJECT SENIOR ADVISOR 40.00
Highest
$373,400 $38,598 $411,998
SHEENA MEADE PROJECT DIRECTOR 38.00
Highest
$357,878 $43,831 $401,709
LISA QUAY PROJECT DIRECTOR (THROUGH 6/30/23) 40.00
Highest
$367,459 $13,875 $381,334
ROGER KIM PROJECT DIRECTOR 37.00
Highest
$335,402 $39,228 $374,630
SHANNON SCOTT CHIEF FINANCIAL OFFICER 40.00
Officer
$290,840 $26,362 $317,202
ANDREW SCHULZ GENERAL COUNSEL 1.00
Officer
$11,830 $0 $11,830
ADAM EICHBERG BOARD CHAIR 2.00
Officer Director
$0 $0 $0
KATHERINE MILLER TREASURER AND VICE-CHAIR 1.00
Officer Director
$0 $0 $0
TOM GIBIAN SECRETARY 1.00
Officer Director
$0 $0 $0
DARYN DODSON BOARD MEMBER 1.00
Director
$0 $0 $0
HARRY DRUCKER BOARD MEMBER 1.00
Director
$0 $0 $0
AKILAH MASSEY BOARD MEMBER (AS OF 10/30/2023) 1.00
Director
$0 $0 $0
VATSALA PATHY BOARD MEMBER 1.00
Director
$0 $0 $0
CHUCK REDMOND BOARD MEMBER (AS OF 06/22/2023) 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $669,088,461 $894,839,728 $768,495,421 $-225,751,267
2022 $755,584,165 $825,032,231 $1,036,457,607 $-69,448,066
2021 $963,814,870 $552,517,598 $1,240,165,354 $411,297,272
2020 $975,483,022 $658,874,215 $822,949,241 $316,608,807
2019 $460,798,902 $420,857,504 $490,833,258 $39,941,398
2019 $460,798,902 $420,857,504 $490,833,258 $39,941,398
2018 $405,281,263 $373,007,693 $422,572,828 $32,273,570
Explore More Nonprofits
Top 100 Nonprofits in District of Columbia Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare NEW VENTURE FUND with other nonprofits in District of Columbia and across the country.