New Venture Fund
Provides fiscal sponsorship, administrative support, and grantmaking to help public interest projects and environmental initiatives launch quickly and operate efficiently. For fiscal year 2024 it reported $662.4M in revenue, $723.0M in expenses, and $534.3M in net assets.Pt I
- Founded
- 2006
- Type
- Large institutional nonprofit · Environment
- Location
- Washington, DC
- Website
- www.newventurefund.org
- Filings
- 5 on file (2020–2024)
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Summary of the Filing
Identity & Classification
Governance & Policies
Officers, Directors & Key Employees
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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Where the work happens
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.
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Statement of Revenue
Statement of Functional Expenses
Balance Sheet
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Program ratio | 95% | — | — |
| Overhead ratio | 5% | — | — |
| Fundraising cost ratio | 0.3% | — | — |
| Revenue growth | -1% | — | — |
| Investment management fee ratio | 0.08% | — | — |
| Legal fee ratio | 0.3% | — | — |
| Accounting fee ratio | 0.04% | — | — |
| Fundraising fee ratio | 0.1% | — | — |
Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.
Grants
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Filings & Schedule Manifest
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Sources
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