Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 2007.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
95 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
16 people listed on the 990; $2.5M paid to officers and key staff.
Fran Seegull’s $476K as Project Director is at the 33rd percentile of top reported officer pay among 18 $100M+ environment nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| France Cordova | — | — | $543,288 | $343,933 | — |
| Fran Seegull | $476,013 | $457,732 | $436,909 | $425,580 | — |
| Eliza Byard | — | — | $430,954 | — | — |
| Pamela Foster | — | — | $412,137 | $418,475 | — |
| Rakesh Rajani | — | — | $412,092 | $418,430 | $409,630 |
| Pamela O Foster | — | — | — | — | $409,895 |
| Lee Bodner | $385,900 | $363,500 | $353,900 | $406,900 | $320,900 |
| Valerie Conn | — | — | — | $326,699 | $401,230 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Provides fiscal sponsorship, administrative support, and grantmaking to help public interest projects and environmental initiatives launch quickly and operate efficiently.
Questions for New Venture Fund
Your first name shows with your question. New Venture Fund answers here, for everyone.
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New venture fund's (NVF) civil rights, social, action, and advocacy portfolio aims to protect human rights, social freedom, and equality while fostering public engagement on these important issues. Activities include grantmaking, communications, coordination among stakeholders, civic and media engagement, and public awareness campaigns.
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…
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.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $418.3M | $347.6M |
| InvestmentsLn 11–13 | $132.4M | $137.3M |
| Land, buildings, equipmentLn 10c | $369K | $425K |
| Total assetsLn 16 | $768.5M | $624.9M |
| LiabilitiesLn 26 | $141.2M | $90.5M |
| Net assetsLn 32 | $627.3M | $534.3M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $360.3M | $360.3M | ||
| Grants to domestic individualsLn 2 | $39.4M | $39.4M | ||
| Grants and assistance to foreign recipientsLn 3 | $60.3M | $60.3M | ||
| Pay of current officers, directors and key staffLn 5 | $687K | $25K | $662K | |
| Other salaries and wagesLn 7 | $67.9M | $66.6M | $355K | $919K |
| Pension plan contributionsLn 8 | $3.5M | $3.4M | $20K | $47K |
| Other employee benefitsLn 9 | $11.1M | $10.8M | $148K | $149K |
| Payroll taxesLn 10 | $5.2M | $5.0M | $84K | $69K |
| Management feesLn 11a | $31.4M | $31.4M | ||
| Legal feesLn 11b | $2.0M | $926K | $1.0M | |
| Accounting feesLn 11c | $281K | $184K | $97K | |
| Lobbying feesLn 11d | $2.7M | $2.7M | ||
| Professional fundraising feesLn 11e | $787K | $787K | ||
| Investment management feesLn 11f | $518K | $518K | ||
| Other fees for servicesLn 11g | $98.2M | $97.2M | $1.0M | $29K |
| Advertising and promotionLn 12 | $7.9M | $7.9M | $7K | |
| Office expensesLn 13 | $720K | $683K | $37K | |
| Information technologyLn 14 | $5.4M | $5.0M | $411K | |
| OccupancyLn 16 | $961K | $894K | $67K | |
| TravelLn 17 | $8.2M | $8.2M | $41K | |
| Conferences, conventions and meetingsLn 19 | $12.1M | $12.1M | $7K | |
| Depreciation, depletion and amortizationLn 22 | $162K | $162K | ||
| InsuranceLn 23 | $182K | $95K | $87K | |
| Other expenses (24a–d)Ln 24 | $681K | $644K | $36K | |
| All other expensesLn 24e | $2.4M | $2.4M | $6K | |
| Total functional expensesLn 25 | $723.0M | $685.0M | $36.0M | $2.0M |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest Viewing | $662.4M | $723.0M | −$60.7M | $534.3M | 990 PDF |
| FY2023 | $669.1M | $894.8M | −$225.8M | $627.3M | 990 PDF |
| FY2022 | $755.6M | $825.0M | −$69.4M | $895.0M | 990 PDF |
| FY2021 | $963.8M | $552.5M | $411.3M | $1.1B | 990 PDF |
| FY2020 | $975.5M | $658.9M | $316.6M | $713.4M | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $662,364,100 revenue, 12 lines filed
Part VI · Governance 7 of 7 board members independent, no flags
Part VIII · Statement of revenue $662,364,100 across 9 lines filed
Part IX · Statement of functional expenses $723,042,837 across 25 lines filed
Part X · Balance sheet $624,857,462 assets, 20 lines filed
Part XI · Reconciliation of net assets $534,324,786 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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