New Venture Fund
95% goes to programs $0 to raise $100 Strong reserves Declining revenue
New Venture Fund is a 501(c)(3) organization based in Washington, District of Columbia, registered in 2007, with $662,364,100 in FY2024 revenue. CharityIndex grades it A, and it directs about 95% of spending to programs.
1828 L Street Nw Suite 300-a, Washington, DC, 20036 EIN 20-5806345 Since 2007
Revenue (FY2024)
$662.4M
▼ 1.0% vs prior year
Environment median: $250K
Expenses (FY2024)
$723.0M
Net assets
$534.3M
Employees
732
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
A+Program efficiency40% of the rating95% to programs · $0 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For New Venture Fund: 95% to programs · $0 to raise $100 earns a A+ on this criterion. See the exact thresholds →
B+Financial health25% of the rating9 mo reserves · -9% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For New Venture Fund: 9 mo reserves · -9% margin earns a B+ on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For New Venture Fund: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For New Venture Fund: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
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.
What they do
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.
Nvf's environmental programs focus on a range of conservation, climate, and energy issues in the u.s. and abroad. these issues include ocean and river conservation, alternative energy resources and reduction of fossil fuels, protection of ocean life, wildlands conservation, ecological agriculture, and habitat restoration. activities among these projects include grantmaking, communications, coordination among stakeholders, civic and media engagement, and public awareness campaigns.
Capacity-building: nvf capacity-building projects support the capacity development of grantees on issues related to civic engagement, economic opportunity, sustainability, and quality of life.health: nvf health projects connect stakeholders (including academia, local communities, activists, and policymakers) to support a variety of policy, systems, environmental, and public education related initiatives that promote equitable opportunities for good health.international development: 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.
Contact & location
- Address
- 1828 L Street Nw Suite 300-a, Washington, DC, 20036
- City
- Washington
- State
- District of Columbia
- Category
- Environment
- Subcategory
- Alliances, Advocacy & Professional Societies
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $112.9M (FY2013) to $662.4M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $90.5MNet assets $534.3M
Operating margin
-9.2%
Spent more than it raised in the latest fiscal year.
Total assets
$624.9M
Total liabilities
$90.5M
Net assets
$534.3M
Salaries & benefits
$88.4M
12% of expenses
Board members
7
7 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $662,364,100▼1.0% | $723,042,837▼19.2% | $534,324,786▼14.8% | $624,857,462▼18.7% | 990 |
| 2023 | $669,088,461▼11.4% | $894,839,728▲8.5% | $627,295,624▼29.9% | $768,495,421▼25.9% | 990 |
| 2022 | $755,584,165▼21.6% | $825,032,231▲49.3% | $895,023,712▼20.0% | $1,036,457,607▼16.4% | 990 |
| 2021 | $963,814,870▼1.2% | $552,517,598▼16.1% | $1,118,219,688▲56.7% | $1,240,165,354▲50.7% | 990 |
| 2020 | $975,483,022▲112% | $658,874,215▲56.6% | $713,388,424▲75.1% | $822,949,241▲67.7% | 990 |
| 2019 | $460,798,902▲13.7% | $420,857,504▲12.8% | $407,477,878▲9.7% | $490,833,258▲16.2% | 990 |
| 2018 | $405,281,263▲12.9% | $373,007,693▲13.1% | $371,491,214▲9.5% | $422,572,828▲10.2% | 990 |
| 2017 | $358,858,641▲0.4% | $329,784,536▲24.7% | $339,217,644▲5.4% | $383,435,182▲5.3% | 990 |
| 2016 | $357,581,316▲12.3% | $264,546,947▲23.4% | $321,816,285▲39.9% | $364,305,889▲37.8% | 990 |
| 2015 | $318,405,056▲77.5% | $214,351,188▲59.4% | $230,092,075▲82.9% | $264,453,055▲84.4% | 990 |
| 2014 | $179,424,945▲58.9% | $134,487,602▲79.4% | $125,811,198▲55.6% | $143,413,906▲68.2% | 990 |
| 2013 | $112,942,320 | $74,982,490▲89.5% | $80,873,855▲88.5% | $85,262,349▲92.7% | 990 |
| 2012 | — | $39,574,786▲60.1% | $42,914,025▲43.2% | $44,254,337▲34.6% | 990 |
| 2011 | — | $24,722,363▲66.0% | $29,969,712▲65.1% | $32,883,497▲70.2% | 990 |
| 2010 | — | $14,893,390 | $18,149,727 | $19,322,944 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Fran Seegull — $476,013 (0.07% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Fran Seegull | Project Director | 40 | $476,013 |
| Lee Bodner | President | 40 | $385,900 |
| Amie Batson | Project President | 40 | $375,000 |
| James Cowen | Project Deputy Director | 40 | $349,102 |
| Camilla Seth | Project Director | 40 | $339,664 |
| Wilson Woodhouse | Project President | 40 | $332,564 |
| Shannon Scott | Cfo (through 9/2024) | 40 | $227,334 |
| Adam Eichberg | Board Chair | 2 | — |
| Akilah Massey | Board Member | 1 | — |
| Andrew Schulz | General Counsel | 1 | — |
| Chuck Redmond | Board Member | 1 | — |
| Daryn Dodson | Board Member (through 2/2024) | 1 | — |
| Harry Drucker | Board Member | 1 | — |
| Katherine Miller | Treasurer and Vice-chair | 1 | — |
| Tom Gibian | Secretary | 1 | — |
| Vatsala Pathy | Board Member | 1 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Arabella Intermediate Holdings LLC | Admin. & Operational Support Services | $21,501,874 |
| Daybreaker LLC | Consulting Services | $2,402,500 |
| Stagwell Global LLC | Consulting Services | $996,500 |
| Parker Dewey LLC | Consulting Services | $976,650 |
| The Thomas Consulting Group LLC | Consulting Services | $910,700 |
Grants received · $1.8B total
680 grants to New Venture Fund totaling $1.8B, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Jewish Communal Fund | In furtherance of grantee's tax-exempt purpose | 2024 | $41,635,200 |
| Hopewell Fund | Civil rights, social action, advocacy | 2024 | $11,045,000 |
| Co-impact Philanthropic Funds Inc | See part iv | 2024 | $5,522,990 |
| Impactassets Inc | General support | 2024 | $3,593,554 |
| Ascendium Education Solutions Inc | Grant, ncii impact fund - rural guided pathways grant, scaling the leadership academy for student success grant, expanding rural guided pathways | 2024 | $2,682,500 |
| Gs Donor Advised Philanthropy Fund For Wealth Management Inc | Community & human services | 2024 | $2,600,000 |
| Tides Foundation | Equity, human rights, and economic empowerment | 2024 | $2,290,000 |
| The Skoll Fund | Civil participation | 2024 | $2,240,000 |
| Amalgamated Charitable Foundation Inc | General operating support and project support | 2024 | $2,137,500 |
| The Dallas Foundation | General support | 2024 | $2,045,400 |
| Co-impact Philanthropic Funds Inc | See part iv | 2024 | $1,693,095 |
| Future Forward USA Action | Primary purpose | 2024 | $1,625,000 |
| Massachusetts Higher Education Assistance Corporation | Career exploration | 2024 | $1,500,000 |
| Rockefeller Philanthropy Advisors Inc | Civil rights, social action & advocacy, crime & legal-related, education, civil rights, social action & advocacy, social science, education, philanthropy, voluntarism & grantmaking foundations, youth development, arts, culture & humanities, civil rights, social action & advocacy, education, philanthropy, voluntarism & grantmaking foundations, philanthropy, voluntarism & grantmaking foundations, environment, philanthropy, voluntarism & grantmaking foundations | 2024 | $1,288,960 |
| Climateworks Foundation | For climate-related research and analysis ($465,198); to support the global transition to clean transportation ($200,000) | 2024 | $665,198 |
Grants made · $359.6M in FY2024
854 grants totaling $359.6M in FY2024 — showing the 15 largest. All grants made by New Venture Fund →
| Recipient | Purpose | Amount |
|---|---|---|
| Sixteen Thirty Fund | Civil rights, social action, advocacy | $58,932,923 |
| Clean Slate Initative Inc | Civil rights, social action, advocacy | $19,910,098 |
| Climate and Clean Energy Equity Fund | Environmental programs | $17,996,330 |
| Cambiar Education | Youth development and education | $12,229,335 |
| America Votes | Civil rights, social action, advocacy | $11,018,005 |
| Floridians Protecting Freedom | Ballot measure - civil rights, social action, advocacy | $9,489,777 |
| Fines and Fees Justice Center Inc | Civil rights, social action, advocacy | $8,889,158 |
| North Fund | Civil rights, social action, advocacy | $8,055,000 |
| Manresa Island Corp | Environmental programs | $7,718,955 |
| Illuminative Inc | Arts, culture, and humanities | $5,484,872 |
| United Nations Foundation Inc | Conservation and climate | $5,285,000 |
| New York University | Conservation and climate | $5,000,000 |
| Hopewell Fund | Civil rights, social action, advocacy | $4,441,891 |
| Global Impact | Civil rights, social action, advocacy | $4,111,706 |
| National Science Foundation | Technology and innovation | $4,000,000 |
Similar organizations in Environment
Environment
World Wildlife Fund Inc
Washington, DC
$366.7M
Aannual revenue
Environment
Windward Fund
Washington, DC
$308.2M
A+annual revenue
Environment
Sixteen Thirty Fund
Washington, DC
$282.2M
B+annual revenue
- Environment
Berger Action Fund Inc
Washington, DC
$206.5M
Aannual revenue
Environment
Urban Land Institute
Washington, DC
$93.1M
Aannual revenue
Environment
Paintcare Inc
Washington, DC
$84.7M
Aannual revenue
Environment
Climate Power
Washington, DC
$79.4M
Bannual revenue
Environment
League of Conservation Voters Education Fund
Washington, DC
$75.2M
Aannual revenue
Environment
American Rivers Inc
Washington, DC
$53.4M
Bannual revenue
Environment
National Parks Conservation Association
Washington, DC
$51.6M
Bannual revenue
Compare New Venture Fund
Frequently asked questions
- Is New Venture Fund a legitimate nonprofit?
- Yes. New Venture Fund is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 20-5806345, based in Washington, District of Columbia. Donations are tax-deductible.
- What is New Venture Fund's EIN?
- New Venture Fund's Employer Identification Number (EIN) is 20-5806345.
- How much revenue does New Venture Fund report?
- New Venture Fund reported $662,364,100 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of New Venture Fund's spending goes to programs?
- New Venture Fund spends about 95% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does New Venture Fund have?
- CharityIndex grades New Venture Fund A, based on program efficiency and fundraising cost.
- How much does New Venture Fund's highest-paid employee make?
- The highest reported compensation on New Venture Fund's latest Form 990 is $476,013, paid to Fran Seegull (Project Director).
More nonprofits in Washington
Explore more
Data for New Venture Fund (EIN 20-5806345) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.