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
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Financial Vulnerability Assessment (Tuckman-Chang)

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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, 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 TIMES, IN THE RIGHT PLACES TO ACCOMPLISH NEEDED CHANGE. TO ALLOW NONPROFIT LEADERS TO FOCUS ON THE WORK AT HAND, WE OFFER FISCAL SPONSORSHIP SUPPORT, WHICH MEANS WE PROVIDE TOOLS AND ADMINISTRATIVE SUPPORT, INCLUDING HUMAN RESOURCES, LEGAL, ACCOUNTING, AND COMPLIANCE SERVICES, ENABLING INITIATIVES TO GET OFF THE GROUND QUICKLY AND OPERATE MORE EFFICIENTLY.

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Trantor Score

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

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

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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
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Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

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

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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
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