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Philanthropic Ventures Foundation

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: Philanthropy, Voluntarism and Grantmaking Foundations / Philanthropy, Charity, Voluntarism Promotion, General (NTEE)

Donations to this organization are tax deductible.

Details

According to its Dec. 2023 tax filing, this nonprofit:

Operated a donor-advised fund
Organization maintained a donor-advised fund or similar account through which donors could direct the distribution or investment of funds. Details are reported on Schedule D.

Summary charts: organization finances over time

Revenue
$71M (2023)

Expenses
$24.9M (2023)

Total Assets
$81.6M (2023)

Total Liabilities
$46.9k (2023)

Source: Form 990 tax filings from 2011 to 2023

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.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$71,022,800
Expenses
$24,930,502
Net Income
$46,092,298
Net Assets
$81,559,045
Notable Sources of Revenue Percent of Total Revenue
Contributions $69,240,577
97.5%
Program Services $0
Investment Income $1,611,184
2.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $171,039
0.2%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $341,045
1.4%
Professional Fundraising Fees $0
Other Salaries and Wages $4,080,432
16.4%
Assets/Debt
Total Assets $81,605,913
Total Liabilities $46,868
Net Assets $81,559,045
Other
Operated a donor-advised fund
Compensation
Key Employees and Officers Compensation Related Other
Dawn Hawk (Coo) $198,000 $0 $27,108
Bill Somerville (President/Founder) $105,290 $0 $10,647
Moira C Walsh (Chairman) $0 $0 $0
James Higa (Treasurer/Executive Director) $0 $0 $0
Duncan Beardsley (Director) $0 $0 $0
James R Cody (Director) $0 $0 $0
Kamba Tshionyi (Director) $0 $0 $0
Jackie Speier (Director) $0 $0 $0
Colburn S Wilbur (Director) $0 $0 $0
Alicia Aguirre (Director) $0 $0 $0
Adrienne Tissier (Director (Thru 3/6/23)) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$22,915,613
Expenses
$23,373,623
Net Income
-$458,010
Net Assets
$30,056,882
Notable Sources of Revenue Percent of Total Revenue
Contributions $22,443,026
97.9%
Program Services $0
Investment Income $319,201
1.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $153,386
0.7%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $335,264
1.4%
Professional Fundraising Fees $0
Other Salaries and Wages $227,958
1.0%
Assets/Debt
Total Assets $32,597,542
Total Liabilities $2,540,660
Net Assets $30,056,882
Other
Operated a donor-advised fund
Compensation
Key Employees and Officers Compensation Related Other
Dawn Hawk (Coo) $175,000 $0 $25,113
Bill Somerville (President/Founder) $125,000 $0 $10,152
Moira C Walsh (Chairman) $0 $0 $0
James Higa (Treasurer/Executive Direct) $0 $0 $0
Duncan Beardsley (Director) $0 $0 $0
James R Cody (Director) $0 $0 $0
Adrienne Tissier (Director) $0 $0 $0
Jackie Speier (Director) $0 $0 $0
Colburn S Wilbur (Director) $0 $0 $0
Alicia Aguirre (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$20,169,103
Expenses
$17,471,267
Net Income
$2,697,836
Net Assets
$35,416,326
Notable Sources of Revenue Percent of Total Revenue
Contributions $18,598,101
92.2%
Program Services $0
Investment Income $353,618
1.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $1,217,362
6.0%
Net Inventory Sales $0
Other Revenue $22
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $307,014
1.8%
Professional Fundraising Fees $0
Other Salaries and Wages $199,963
1.1%
Assets/Debt
Total Assets $36,414,979
Total Liabilities $998,653
Net Assets $35,416,326
Other
Operated a donor-advised fund
Compensation
Key Employees and Officers Compensation Related Other
Dawn Hawk (Coo) $149,703 $0 $22,278
Bill Somerville (President/Founder) $125,000 $0 $10,032
Moira C Walsh (Chairman) $0 $0 $0
James Higa (Treasurer/Executive Direct) $0 $0 $0
Duncan Beardsley (Director) $0 $0 $0
James R Cody (Director) $0 $0 $0
Adrienne Tissier (Director) $0 $0 $0
Jackie Speier (Director) $0 $0 $0
Colburn S Wilbur (Director) $0 $0 $0
Alicia Aguirre (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$16,137,293
Expenses
$13,569,821
Net Income
$2,567,472
Net Assets
$30,786,814
Notable Sources of Revenue Percent of Total Revenue
Contributions $15,249,587
94.5%
Program Services $25,000
0.2%
Investment Income $304,354
1.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $558,329
3.5%
Net Inventory Sales $0
Other Revenue $23
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $300,866
2.2%
Professional Fundraising Fees $0
Other Salaries and Wages $165,817
1.2%
Assets/Debt
Total Assets $31,645,319
Total Liabilities $858,505
Net Assets $30,786,814
Other
Operated a donor-advised fund
Compensation
Key Employees and Officers Compensation Related Other
Dawn Hawk (Coo) $145,343 $0 $21,842
Bill Somerville (President/Founder) $125,000 $0 $8,681
Colburn S Wilbur (Chairman) $0 $0 $0
James Higa (Treasurer/Executive Director) $0 $0 $0
Duncan Beardsley (Director) $0 $0 $0
James R Cody (Director) $0 $0 $0
Adrienne Tissier (Director) $0 $0 $0
Jackie Speier (Director) $0 $0 $0
Moira C Walsh (Director) $0 $0 $0
Alicia Aguirre (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$14,426,011
Expenses
$10,519,908
Net Income
$3,906,103
Net Assets
$25,773,309
Notable Sources of Revenue Percent of Total Revenue
Contributions $13,702,918
95.0%
Program Services $0
Investment Income $322,987
2.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $400,106
2.8%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $296,358
2.8%
Professional Fundraising Fees $0
Other Salaries and Wages $156,134
1.5%
Assets/Debt
Total Assets $26,415,593
Total Liabilities $642,284
Net Assets $25,773,309
Other
Operated a donor-advised fund
Compensation
Key Employees and Officers Compensation Related Other
Dawn Hawk (Secretary/Chief Operating Officer) $141,110 $0 $21,419
Bill Somerville (President/Founder) $125,000 $0 $8,829
Alicia Aguirre (Director) $0 $0 $0
Duncan Beardsley (Director) $0 $0 $0
James R Cody (Director) $0 $0 $0
James Higa (Treasurer/Executive Director) $0 $0 $0
Jackie Speier (Director) $0 $0 $0
Adrienne J Tissier (Director) $0 $0 $0
Moira C Walsh (Director) $0 $0 $0
Colburn S Wilbur (Chairman) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$9,447,183
Expenses
$10,403,805
Net Income
-$956,622
Net Assets
$19,246,573
Notable Sources of Revenue Percent of Total Revenue
Contributions $8,850,632
93.7%
Program Services $0
Investment Income $253,093
2.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $343,458
3.6%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $216,634
2.1%
Professional Fundraising Fees $0
Other Salaries and Wages $294,150
2.8%
Assets/Debt
Total Assets $19,527,632
Total Liabilities $281,059
Net Assets $19,246,573
Other
Operated a donor-advised fund
Compensation
Key Employees and Officers Compensation Related Other
Dawn Hawk (Coo) $137,000 $0 $21,008
Bill Somerville (President/Founder) $125,000 $0 $8,301
James Higa (Treasurer/Executive Director) $83,333 $0 $0
Duncan Beardsley (Director) $0 $0 $0
James R Cody (Director) $0 $0 $0
Jackie Speier (Director) $0 $0 $0
Moira C Walsh (Director) $0 $0 $0
Colburn S Wilbur (Chairman) $0 $0 $0
Alicia Aguirre (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$8,679,028
Expenses
$10,580,170
Net Income
-$1,901,142
Net Assets
$21,058,746
Notable Sources of Revenue Percent of Total Revenue
Contributions $8,264,889
95.2%
Program Services $978
0.0%
Investment Income $196,107
2.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $217,054
2.5%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $281,547
2.7%
Professional Fundraising Fees $0
Other Salaries and Wages $268,299
2.5%
Assets/Debt
Total Assets $21,631,128
Total Liabilities $572,382
Net Assets $21,058,746
Other
Operated a donor-advised fund
Compensation
Key Employees and Officers Compensation Related Other
James Higa (Treasurer/Executive Director) $150,000 $0 $0
Dawn Hawk (Coo) $132,750 $0 $20,583
Bill Somerville (President/Founder) $125,000 $0 $6,547
Duncan Beardsley (Director) $0 $0 $0
James R Cody (Director) $0 $0 $0
William E Green (Director (Thru 10/17/17)) $0 $0 $0
Jackie Speier (Director) $0 $0 $0
Moira C Walsh (Director) $0 $0 $0
Colburn S Wilbur (Chairman) $0 $0 $0
Alicia Aguirre (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$11,264,424
Expenses
$8,074,134
Net Income
$3,190,290
Net Assets
$22,037,529
Notable Sources of Revenue Percent of Total Revenue
Contributions $11,018,027
97.8%
Program Services $1,429
0.0%
Investment Income $164,581
1.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $80,387
0.7%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $156,736
1.9%
Professional Fundraising Fees $0
Other Salaries and Wages $237,906
2.9%
Assets/Debt
Total Assets $22,082,543
Total Liabilities $45,014
Net Assets $22,037,529
Other
Operated a donor-advised fund
Compensation
Key Employees and Officers Compensation Related Other
Bill Somerville (President/Founder) $150,000 $0 $6,736
Dawn Hawk (Coo) $128,750 $0 $19,808
Duncan Beardsley (Director) $0 $0 $0
James Higa (Treasurer/Executive Director) $0 $0 $0
James R Cody (Director) $0 $0 $0
William E Green (Director) $0 $0 $0
Jackie Speier (Director) $0 $0 $0
Moira C Walsh (Director) $0 $0 $0
Colburn S Wilbur (Chairman) $0 $0 $0
Sheryl Young Thru 093116 (Program Director) $0 $0 $0
Alicia Aguirre (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$10,836,268
Expenses
$13,437,240
Net Income
-$2,600,972
Net Assets
$18,432,377
Notable Sources of Revenue Percent of Total Revenue
Contributions $8,994,814
83.0%
Program Services $1,376
0.0%
Investment Income $220,575
2.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $1,619,487
14.9%
Net Inventory Sales $0
Other Revenue $16
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $150,000
1.1%
Professional Fundraising Fees $0
Other Salaries and Wages $217,112
1.6%
Assets/Debt
Total Assets $18,510,733
Total Liabilities $78,356
Net Assets $18,432,377
Other
Operated a donor-advised fund
Compensation
Key Employees and Officers Compensation Related Other
Bill Somerville (President/Ceo) $150,000 $0 $0
Dawn Hawk (Coo) $125,000 $0 $0
Duncan Beardsley (Chairman) $0 $0 $0
James Higa (Executive Director) $0 $0 $0
James R Cody (Director) $0 $0 $0
William E Green (Director) $0 $0 $0
Jackie Speier (Director) $0 $0 $0
Moira C Walsh (Director) $0 $0 $0
Colburn S Wilbur (Director) $0 $0 $0
John Carver (Director (Thru 7/2015)) $0 $0 $0
Albert J Horn (Director (Thru 12/2015)) $0 $0 $0
Sheryl Young (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$12,298,855
Expenses
$8,609,133
Net Income
$3,689,722
Net Assets
$22,820,251
Notable Sources of Revenue Percent of Total Revenue
Contributions $11,819,080
96.1%
Program Services $3,599
0.0%
Investment Income $248,963
2.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $227,213
1.8%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $150,000
1.7%
Professional Fundraising Fees $0
Other Salaries and Wages $192,698
2.2%
Assets/Debt
Total Assets $23,373,360
Total Liabilities $553,109
Net Assets $22,820,251
Other
Operated a donor-advised fund
Compensation
Key Employees and Officers Compensation Related Other
Bill Somerville (President/Ceo) $150,000 $0 $0
Dawn Hawk (Senior Program Officer) $119,550 $0 $0
Duncan Beardsley (Chairman) $0 $0 $0
John P Carver (Director) $0 $0 $0
William E Green (Director) $0 $0 $0
James Higa (Executive Director) $0 $0 $0
Albert J Horn (Director) $0 $0 $0
Jackie Speier (Director) $0 $0 $0
Moira C Walsh (Director) $0 $0 $0
Colburn S Wilbur (Director) $0 $0 $0
Sheryl Young (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$11,751,483
Expenses
$11,578,660
Net Income
$172,823
Net Assets
$19,115,479
Notable Sources of Revenue Percent of Total Revenue
Contributions $11,172,074
95.1%
Program Services $5,526
0.0%
Investment Income $251,112
2.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $322,771
2.7%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $308,000
2.7%
Professional Fundraising Fees $0
Other Salaries and Wages $157,833
1.4%
Assets/Debt
Total Assets $20,803,135
Total Liabilities $1,687,656
Net Assets $19,115,479
Other
Operated a donor-advised fund
Compensation
Key Employees and Officers Compensation Related Other
Bill Somerville (President/Ceo) $208,000 $0 $0
James Higa (Executive Director) $100,000 $0 $0
Duncan Beardsley (Chairman) $0 $0 $0
John P Carver (Director) $0 $0 $0
William E Green (Director) $0 $0 $0
Albert J Horn (Director) $0 $0 $0
Jackie Speier (Director) $0 $0 $0
Moira C Walsh (Director) $0 $0 $0
Colburn S Wilbur (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$13,873,983
Expenses
$11,851,490
Net Income
$2,022,493
Net Assets
$18,421,044
Notable Sources of Revenue Percent of Total Revenue
Contributions $13,522,642
97.5%
Program Services $2,386
0.0%
Investment Income $0
Bond Proceeds $294,845
2.1%
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $54,110
0.4%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $278,623
2.4%
Professional Fundraising Fees $0
Other Salaries and Wages $150,356
1.3%
Assets/Debt
Total Assets $18,853,463
Total Liabilities $432,419
Net Assets $18,421,044

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$11,071,221
Expenses
$8,517,326
Net Income
$2,553,895
Net Assets
$16,180,431
Notable Sources of Revenue Percent of Total Revenue
Contributions $10,886,161
98.3%
Program Services $2,382
0.0%
Investment Income $155,574
1.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $27,104
0.2%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $187,008
2.2%
Professional Fundraising Fees $0
Other Salaries and Wages $141,370
1.7%
Assets/Debt
Total Assets $16,286,850
Total Liabilities $106,419
Net Assets $16,180,431

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

Fiscal Year Ending Dec.
2005

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.
2004

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.
2003

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.
2002

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.
2001

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 »

Get the Data

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.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • 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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