FORM 990, PART III, LINE 2 |
IN 2013, NVF ADDED FIFTY-ONE NEW PROJECTS. EXAMPLES OF MAJOR PROJECTS INCLUDE: MALALA FUND, A GLOBAL INITIATIVE DEDICATED TO HELPING GIRLS ATTEND SCHOOL AND ADVOCATE FOR THE RIGHT TO EDUCATION; SCIENCE PHILANTHROPY ALLIANCE, AN INNOVATIVE COLLABORATIVE OF FOUNDATIONS WORKING TOGETHER TO INCREASE PHILANTHROPIC SUPPORT FOR SCIENTIFIC RESEARCH; THE FUNDING NETWORK, WHICH SEEKS TO DEMOCRATIZE PHILANTHROPY BY USING CROWDFUNDING EVENTS TO ENGAGE NEW YORKERS IN GIVING TO A RANGE OF WORTHY CAUSES; AND MLK COMMEMORATION, A PROJECT THAT ORGANIZED A CELEBRATION OF DR. MARTIN LUTHER KING JR.'S CIVIL RIGHT LEGACY AROUND THE FIFTIETH ANNIVERSARY OF THE HISTORIC MARCH ON WASHINGTON. |
FORM 990, PART III, LINE 3 |
THE ORGANIZATION HAS DISCONTINUED OR PUT ON HOLD CERTAIN PROJECTS. |
FORM 990, PART VI, SECTION A, LINE 3 |
NEW VENTURE FUND HAS AN ADMINISTRATIVE SERVICES AGREEMENT WITH ARABELLA ADVISORS, LLC. DURING THE YEAR, NEW VENTURE FUND PAID TO ARABELLA ADVISORS, LLC $5,509,532 FOR MANAGEMENT, ADMINISTRATIVE PERSONNEL, CONSULTING SERVICES, AND REIMBURSABLE EXPENSES. |
FORM 990, PART VI, SECTION B, LINE 11 |
THE BOARD OF DIRECTORS AND THE ORGANIZATION'S LEGAL COUNSEL REVIEWED THE RETURN PRIOR TO FILING. IN ADDITION, MANAGEMENT PERFORMED AN IN-DEPTH REVIEW PRIOR TO THE RETURN BEING PROVIDED TO THE BOARD OF DIRECTORS. |
FORM 990, PART VI, SECTION B, LINE 12C |
ALL PERSONS COVERED BY THE ORGANIZATION'S CONFLICT OF INTEREST POLICY ARE REQUIRED TO DECLARE CONFLICTS OF INTEREST ANNUALLY. COVERED INDIVIDUALS CANNOT VOTE ON MATTERS BEFORE THE BOARD WHEN THEY HAVE A CONFLICT IN THE MATTER. DISINTERESTED MEMBERS MUST DETERMINE WHETHER OR NOT THERE ARE ANY SUITABLE ALTERNATIVES TO POTENTIAL TRANSACTIONS THAT CAUSE CONFLICT. IF A COVERED PERSON IS FOUND IN VIOLATION OF THIS POLICY IT MAY BE CAUSE FOR REMOVAL FROM THE BOARD OF DIRECTORS. |
FORM 990, PART VI, SECTION C, LINE 19 |
THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. |
FORM 990, PART IX, LINE 11G |
PROJECT MANAGEMENT: PROGRAM SERVICE EXPENSES 5,160,043. MANAGEMENT AND GENERAL EXPENSES 82,864. FUNDRAISING EXPENSES 103,179. TOTAL EXPENSES 5,346,086. RESEARCH ASSISTANCE: PROGRAM SERVICE EXPENSES 2,279,826. MANAGEMENT AND GENERAL EXPENSES 36,611. FUNDRAISING EXPENSES 45,587. TOTAL EXPENSES 2,362,024. COMMUNICATIONS CONSULTANTS: PROGRAM SERVICE EXPENSES 5,254,026. MANAGEMENT AND GENERAL EXPENSES 84,374. FUNDRAISING EXPENSES 105,059. TOTAL EXPENSES 5,443,459. TECHNICAL ASSISTANCE: PROGRAM SERVICE EXPENSES 1,405,929. MANAGEMENT AND GENERAL EXPENSES 22,578. FUNDRAISING EXPENSES 28,113. TOTAL EXPENSES 1,456,620. OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 4,017,535. MANAGEMENT AND GENERAL EXPENSES 52,965. FUNDRAISING EXPENSES 80,334. TOTAL EXPENSES 4,150,834. EVENT COORDINATION AND MANAGEMENT: PROGRAM SERVICE EXPENSES 2,395,319. MANAGEMENT AND GENERAL EXPENSES 38,466. FUNDRAISING EXPENSES 47,896. TOTAL EXPENSES 2,481,681. |
FORM 990, PART XII, LINE 2C: |
NO CHANGES IN OVERSIGHT PROCESS DURING THE YEAR. |