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New Venture Fund

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn’t provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Environmental Quality, Protection and Beautification / Research Institutes and/or Public Policy Analysis (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$756M (2022)

Expenses
$825M (2022)

Total Assets
$1.04B (2022)

Total Liabilities
$141M (2022)

Source: Form 990 tax filings from 2011 to 2022

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$755,584,165
Expenses
$825,032,231
Net Income
-$69,448,066
Net Assets
$895,023,712
Notable Sources of Revenue Percent of Total Revenue
Contributions $734,791,162
97.2%
Program Services $8,651,070
1.1%
Investment Income $10,873,980
1.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising -$71,712
Sales of Assets -$892,011
Net Inventory Sales $0
Other Revenue $2,231,676
0.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $1,079,516
0.1%
Professional Fundraising Fees $287,806
0.0%
Other Salaries and Wages $83,892,435
10.2%
Assets/Debt
Total Assets $1,036,457,607
Total Liabilities $141,433,895
Net Assets $895,023,712
Compensation
Key Employees and Officers Compensation Related Other
France Cordova (Project Director) $543,288 $0 $37,536
Fran Seegull (Project Director) $436,909 $0 $29,508
Eliza Byard (Project Senior Advisor) $430,954 $0 $36,581
Pamela Foster (Project Director) $412,137 $0 $38,539
Rakesh Rajani (Project Director) $412,092 $0 $41,702
Lee Bodner (President) $353,900 $0 $41,702
Shannon Scott (Chief Financial Officer) $314,900 $0 $26,658
Andrew Schulz (General Counsel) $300,900 $0 $41,456
Adam Eichberg (Board Chair) $0 $0 $0
Katherine Miller (Treasurer And Vice Chair) $0 $0 $0
Tom Gibian (Secretary) $0 $0 $0
Daryn Dodson (Board Member) $0 $0 $0
Harry Drucker (Board Member) $0 $0 $0
Vatsala Pathy (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$963,814,870
Expenses
$552,517,598
Net Income
$411,297,272
Net Assets
$1,118,219,688
Notable Sources of Revenue Percent of Total Revenue
Contributions $954,914,471
99.1%
Program Services $5,592,131
0.6%
Investment Income $1,243,301
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $196,910
0.0%
Net Inventory Sales $0
Other Revenue $1,868,057
0.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $1,064,921
0.2%
Professional Fundraising Fees $472,888
0.1%
Other Salaries and Wages $70,718,501
12.8%
Assets/Debt
Total Assets $1,240,165,354
Total Liabilities $121,945,666
Net Assets $1,118,219,688
Compensation
Key Employees and Officers Compensation Related Other
Fran Seegull (Project Director) $425,580 $0 $20,588
Pamela Foster (Project Director) $418,475 $0 $33,175
Rakesh Rajani (Project Director) $418,430 $0 $33,577
Lee Bodner (President) $406,900 $0 $32,202
France Cordova (Project Director) $343,933 $0 $21,326
Valerie Conn (Project Director Through 3/2021) $326,699 $0 $5,121
Andrew Schulz (General Counsel) $298,150 $0 $49,025
Shannon Scott (Chief Financial Officer) $249,150 $0 $29,495
Adam Eichberg (Board Chair) $0 $0 $0
Katherine Miller (Treasurer And Vice Chair) $0 $0 $0
Tom Gibian (Secretary) $0 $0 $0
Daryn Dodson (Board Member) $0 $0 $0
Harry Drucker (Board Member) $0 $0 $0
Vatsala Pathy (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$975,483,022
Expenses
$658,874,215
Net Income
$316,608,807
Net Assets
$713,388,424
Notable Sources of Revenue Percent of Total Revenue
Contributions $965,342,332
99.0%
Program Services $4,945,524
0.5%
Investment Income $3,645,155
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $792,670
0.1%
Net Inventory Sales $0
Other Revenue $757,341
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $515,562
0.1%
Professional Fundraising Fees $433,261
0.1%
Other Salaries and Wages $60,378,475
9.2%
Assets/Debt
Total Assets $822,949,241
Total Liabilities $109,560,817
Net Assets $713,388,424
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Pamela O Foster (Project Director) $409,895 $0 $26,266
Rakesh Rajani (Project Director) $409,630 $0 $28,642
Valerie Conn (Project Director) $401,230 $0 $16,026
Lee Bodner (President) $320,900 $0 $28,532
Heather Joseph (Project Director) $313,068 $0 $24,360
Candy Marshall (Project Director) $300,900 $0 $31,773
Shannon Scott (Cfo Effective 6/2020) $130,416 $0 $14,589
Andrew Schulz (General Counsel) $21,125 $0 $0
Adam Eichberg (Board Chair) $0 $0 $0
Katherine Miller (Treasurer And Vice Chair) $0 $0 $0
Tom Gibian (Secretary) $0 $0 $0
Daryn Dodson (Board Member) $0 $0 $0
Harry Drucker (Board Member) $0 $0 $0
Vatsala Pathy (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$460,798,902
Expenses
$420,857,504
Net Income
$39,941,398
Net Assets
$407,477,878
Notable Sources of Revenue Percent of Total Revenue
Contributions $450,007,353
97.7%
Program Services $3,902,750
0.8%
Investment Income $4,554,888
1.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $838,645
0.2%
Net Inventory Sales $0
Other Revenue $1,495,266
0.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $408,672
0.1%
Professional Fundraising Fees $350,074
0.1%
Other Salaries and Wages $47,651,872
11.3%
Assets/Debt
Total Assets $490,833,258
Total Liabilities $83,355,380
Net Assets $407,477,878
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Pamela O Foster (Project Director) $399,048 $0 $61,652
Marc Kastner (Project Director Through 12/2019) $338,553 $0 $44,307
Rakesh Rajani (Project Director) $332,156 $0 $46,527
Valerie Conn (Project Director) $329,179 $0 $50,555
Lee Bodner (President) $320,150 $0 $63,994
Heather Joseph (Project Director) $313,442 $0 $49,197
Andrew Schulz (General Counsel) $24,528 $0 $0
Adam Eichberg (Board Chair) $0 $0 $0
Katherine Miller (Treasurer And Vice Chair) $0 $0 $0
Eric Kessler (Secretary Through 8/2019) $0 $0 $0
Thomas Gibian (Secretary Effective 9/2019) $0 $0 $0
Daryn Dodson (Board Member) $0 $0 $0
Harry Drucker (Board Member) $0 $0 $0
Vatsala Pathy (Board Member Effective 8/2019) $0 $0 $0
Yanique Redwood (Board Member Through 1/2019) $0 $0 $0
Wilbur Priester (Cfo Through 9/2019) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$405,281,263
Expenses
$373,007,693
Net Income
$32,273,570
Net Assets
$371,491,214
Notable Sources of Revenue Percent of Total Revenue
Contributions $394,964,720
97.5%
Program Services $6,939,138
1.7%
Investment Income $2,403,729
0.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $203,126
0.1%
Net Inventory Sales $0
Other Revenue $770,550
0.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $598,350
0.2%
Professional Fundraising Fees $214,368
0.1%
Other Salaries and Wages $39,537,614
10.6%
Assets/Debt
Total Assets $422,572,828
Total Liabilities $51,081,614
Net Assets $371,491,214
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Marc Kastner (Project Director) $327,818 $0 $26,379
Valerie Conn (Project Director) $319,300 $0 $17,562
Heather Joseph (Project Director) $313,068 $0 $24,066
Arkadi Gerney (Project Director) $307,845 $0 $31,672
Candy Marshall (Project Director) $286,258 $0 $30,815
Lee Bodner (President) $267,850 $0 $28,138
Andrew Schulz (General Counsel) $25,965 $0 $0
Adam Eichberg (Board Chair) $0 $0 $0
Katherine Miller (Treasurer/Vice Chair) $0 $0 $0
Eric Kessler (Secretary) $0 $0 $0
Daryn Dodson (Board Member) $0 $0 $0
Thomas Gibian (Board Member) $0 $0 $0
Yanique Redwood (Board Member) $0 $0 $0
Harry Drucker (Board Member) $0 $0 $0
Wil Priester (Chief Financial Officer) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$358,858,641
Expenses
$329,784,536
Net Income
$29,074,105
Net Assets
$339,217,644
Notable Sources of Revenue Percent of Total Revenue
Contributions $356,195,628
99.3%
Program Services $2,981,865
0.8%
Investment Income $2,565,115
0.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising -$3,853,973
Sales of Assets -$114,069
Net Inventory Sales $0
Other Revenue $1,084,075
0.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $252,299
0.1%
Professional Fundraising Fees $609,054
0.2%
Other Salaries and Wages $42,890,322
13.0%
Assets/Debt
Total Assets $383,435,182
Total Liabilities $44,217,538
Net Assets $339,217,644
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Marc Kastner (Project Director) $530,450 $0 $31,662
Heather Joseph (Project Director) $328,721 $0 $19,718
Valerie Conn (Project Director) $300,870 $0 $13,027
Arkadi Gerney (Project Director) $282,794 $0 $29,415
Kari Bodell (Project Director) $279,290 $0 $13,924
Lee Bodner (President) $225,000 $0 $27,299
Eric Kessler (Board Chair) $0 $0 $0
Adam Eichberg (Treasurer) $0 $0 $0
Katherine Miller (Secretary) $0 $0 $0
Daryn Dodson (Director) $0 $0 $0
Harry Drucker (Board Member) $0 $0 $0
Tom Gibian (Director) $0 $0 $0
Yanique Redwood (Director) $0 $0 $0
Wil Priester (Chief Financial Officer) $0 $0 $0
Andrew Schulz (General Counsel) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$357,581,316
Expenses
$264,546,947
Net Income
$93,034,369
Net Assets
$321,816,285
Notable Sources of Revenue Percent of Total Revenue
Contributions $363,725,355
> 100%
Program Services $3,205,477
0.9%
Investment Income $1,403,901
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising -$11,941,975
Sales of Assets -$58,218
Net Inventory Sales $0
Other Revenue $1,246,776
0.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $236,660
0.1%
Professional Fundraising Fees $1,087,671
0.4%
Other Salaries and Wages $30,820,928
11.7%
Assets/Debt
Total Assets $364,305,889
Total Liabilities $42,489,604
Net Assets $321,816,285
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Marc Kastner (Project Director) $531,250 $0 $19,082
Heather Joseph (Project Director) $334,108 $0 $20,196
Valerie Conn (Project Director) $296,179 $0 $12,210
Arkadi Gerney (Project Director) $271,210 $0 $8,178
Robert Ottenhoff (Project Director) $250,000 $0 $23,061
Lee Bodner (President) $236,660 $0 $25,020
Eric Kessler (Board Chair) $0 $0 $0
Adam Eichberg (Treasurer) $0 $0 $0
Katherine Miller (Secretary) $0 $0 $0
Harry Drucker (Director) $0 $0 $0
Yanique Redwood (Director) $0 $0 $0
Daryn Dodson (Director) $0 $0 $0
Tom Gibian (Director) $0 $0 $0
Wilbur Priester (Chief Financial Officer) $0 $0 $0
Andrew Schulz (General Counsel) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$318,405,056
Expenses
$214,351,188
Net Income
$104,053,868
Net Assets
$230,092,075
Notable Sources of Revenue Percent of Total Revenue
Contributions $315,729,299
99.2%
Program Services $2,100,649
0.7%
Investment Income $620,682
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising -$226,247
Sales of Assets $81,797
0.0%
Net Inventory Sales $0
Other Revenue $98,876
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $160,833
0.1%
Professional Fundraising Fees $247,406
0.1%
Other Salaries and Wages $23,718,314
11.1%
Assets/Debt
Total Assets $264,453,055
Total Liabilities $34,360,980
Net Assets $230,092,075
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Marc Kastner (Project Director) $403,961 $0 $8,626
Karen Nussle (Project Director) $330,179 $0 $33,132
Heather Joseph (Project Director) $302,764 $0 $27,842
British Robinson (Project Director) $273,077 $0 $20,090
Katherine Hubbard (Project Director) $250,000 $0 $30,068
Lee Bodner (President) $160,833 $0 $20,424
Eric Kessler (Board Chair) $0 $0 $0
Adam Eichberg (Treasurer) $0 $0 $0
Katherine Miller (Secretary) $0 $0 $0
Harry Drucker (Director) $0 $0 $0
Joseph Pj Simmons (Director) $0 $0 $0
Wilbur Priester (Chief Financial Officer) $0 $0 $0
Andrew Schulz (General Counsel) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$179,424,945
Expenses
$134,487,602
Net Income
$44,937,343
Net Assets
$125,811,198
Notable Sources of Revenue Percent of Total Revenue
Contributions $177,897,024
99.1%
Program Services $1,222,950
0.7%
Investment Income $341,155
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$36,184
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $11,616,297
8.6%
Assets/Debt
Total Assets $143,413,906
Total Liabilities $17,602,708
Net Assets $125,811,198
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Karen Nussle (Executive Director) $310,292 $0 $9,714
Gerald Shipps (Program Manager) $198,360 $0 $28,902
Robert Ottenhoff (President And Ceo) $189,500 $0 $22,220
Debra Callahan (Campaign Director) $186,851 $0 $11,564
Cristobal Alex (President) $183,229 $0 $8,962
Eric Kessler (President/Director) $0 $0 $0
Katherine Miller (Secretary/Director) $0 $0 $0
Adam Eichberg (Treasurer/Director) $0 $0 $0
Harry Drucker (Director) $0 $0 $0
Joseph Pj Simmons (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$112,942,320
Expenses
$74,982,490
Net Income
$37,959,830
Net Assets
$80,873,855
Notable Sources of Revenue Percent of Total Revenue
Contributions $111,843,284
99.0%
Program Services $906,840
0.8%
Investment Income $192,196
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $1,182,493
1.6%
Other Salaries and Wages $5,480,430
7.3%
Assets/Debt
Total Assets $85,262,349
Total Liabilities $4,388,494
Net Assets $80,873,855
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Chad Vignola (Executive Director Of Ldc Hub) $226,667 $0 $41,810
Robert Ottenhoff (Executive Director Of Ctr For Disaster Philanthrop) $223,563 $0 $35,092
Gerald Shipps (Program Manager Of Ceo Roundtable) $212,000 $0 $43,089
Katherine Bassett (Executive Director Of Nnstoy) $183,333 $0 $23,071
Debra Callahan (Director Of Crsc) $165,000 $0 $18,084
Eric Kessler (President/Director) $0 $0 $0
Katherine Miller (Secretary/Director) $0 $0 $0
Adam Eichberg (Treasurer/Director) $0 $0 $0
Harry Drucker (Director) $0 $0 $0
Joseph Pj Simmons (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$52,519,099
Expenses
$39,574,786
Net Income
$12,944,313
Net Assets
$42,914,025
Notable Sources of Revenue Percent of Total Revenue
Contributions $51,601,903
98.3%
Program Services $764,640
1.5%
Investment Income $152,556
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $418,668
1.1%
Other Salaries and Wages $3,272,165
8.3%
Assets/Debt
Total Assets $44,254,337
Total Liabilities $1,340,312
Net Assets $42,914,025

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$36,542,348
Expenses
$24,722,363
Net Income
$11,819,985
Net Assets
$29,969,712
Notable Sources of Revenue Percent of Total Revenue
Contributions $35,238,110
96.4%
Program Services $1,138,686
3.1%
Investment Income $162,836
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $2,716
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $128,983
0.5%
Other Salaries and Wages $0
Assets/Debt
Total Assets $32,883,497
Total Liabilities $2,913,785
Net Assets $29,969,712

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
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  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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