Venn Foundation FY2021 filing

Tax-deductible

Saint Paul, MN501(c)(3)Since 2016Foundations & GrantmakersEIN 81-4476503

To unleash the full power of program-related investments to achieve charitable impact.

501(c)(3) charity; gifts are tax-deductible.
93¢ of each $1 spent went to programs.
$63K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $4.4M a year · 66% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
93%
of spending
Looks good: 93% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$63K
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
25 mo
of spending, in cash
Looks good: 25.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
16
named funders · $2.8M
Looks good: 16 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$1.3M
14% of total assets
Looks good: liabilities are 14% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 6 voting members
Looks good: 5 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$5.3M
+82% vs prior year
Spent
$1.5M
To programs
93%
Net assets
$7.9M
By yearFY2020–FY2025
Revenue
$5.3M
FY2021▲ +82%
Revenue by fiscal year
FY2020$2.9M
FY2021$5.3M
FY2022$8.9M
FY2023$4.5M
FY2024$7.1M
FY2025$11.8M
Expenses
$1.5M
FY2021▲ +134%
Expenses by fiscal year
FY2020$647K
FY2021$1.5M
FY2022$2.1M
FY2023$6.0M
FY2024$1.8M
FY2025$1.7M
Net assets
$7.9M
FY2021▲ +90%
Net assets by fiscal year
FY2020$4.1M
FY2021$7.9M
FY2022$14.4M
FY2023$12.7M
FY2024$17.7M
FY2025$27.9M

From the FY2021 Form 990 · figures checked against the IRS filing · see the original

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Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Yes — filed FY2025
Legal name (IRS)Hdr · item CVenn Foundation
EINHdr · item D81-4476503
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFApr 2017
Year of formationHdr · item L2016
Latest filingForm 990FY2025 · Form 990
Principal addressHdr · item CSaint Paul, MN
NTEE classificationIRS BMFFoundations & Grantmakers (T50)
WebsiteHdr · item Jwww.vennfoundation.org

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.93 Management & general $0.05 Fundraising $0.02
Program services93%$1.4M
Management & general5%$74K
Fundraising2%$29K
Total functional expensesLn 25$1.5M

Financial health

Is it on solid ground?

Program efficiency
93%
of spending reaches programs
Operating runway
30.9mo
months of highly liquid reserves at operating expense rate
Surplus margin
+71%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Total assets
$9.1M
FY2021▲ +108%
Total assets by fiscal year
FY2020$4.4M
FY2021$9.1M
FY2022$15.7M
FY2023$14.0M
FY2024$19.2M
FY2025$29.4M
Total liabilities
$1.3M
FY2021▲ +379%
Total liabilities by fiscal year
FY2020$264K
FY2021$1.3M
FY2022$1.3M
FY2023$1.3M
FY2024$1.5M
FY2025$1.5M
Revenue less expensesPt I · Ln 19$3.7M
Total assetsPt X · Ln 16$9.1M
Program-expense ratioPt IX · col B93%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 45

Balance Sheet

Part X · end of year
CashLn 1$3.2M
Total assetsLn 16$9.1M
Total liabilitiesLn 26$1.3M
Total net assetsLn 32$7.9M
Months of cash on handcomputed25.2

Statement of Revenue

Part VIII
Contributions & grants$5.0M · 96%
Program service revenue$210K · 4%
Contributions & grants96%$5.0M
Program service revenue4%$210K
Investment income$77
Other revenue$630
Total revenueLn 12$5.3M

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $3.2M · Operating expenses (Pt IX) $1.5M · Less non-cash grants $280K · Cash operating expenses/yr $1.2M
30.9 months
Where the money goes
Program services
Program services $1.4M · Total expenses $1.5M
93%
Management & General
Management & general $74K · Total expenses $1.5M
5%
Fundraising
Fundraising $29K · Total expenses $1.5M
2%
Cost to raise $1
Fundraising expense (2-yr avg) $30K · Solicited contributions (2-yr avg) $3.9M
$0.01 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $5.0M · Total revenue $5.3M
96%
Government reliance
Government grants — · Total revenue $5.3M
—
Earned-income share
Program service revenue $210K · Total revenue $5.3M
4%
Investment reliance
Investment income $77 · Total revenue $5.3M
<0.01%
Program self-sufficiency
Program service revenue $210K · Total expenses $1.5M
14%
Growth & trend
Revenue growth (YoY)
This year $5.3M · Prior year $2.9M
+82%
Net-asset trend (YoY)
End of year $7.9M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $5.3M · Expenses $1.5M
+71%
Liabilities-to-Assets
Total liabilities — · Total assets $9.1M
—
Net-asset ratio
Net assets $7.9M · Total assets $9.1M
86%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $9.1M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Jeff Ochs · Reported title PRESIDENT AND DIRECTOR · Highest reported compensation $63K · Total expenses $1.5M
4%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $121K · Total expenses $1.5M
8%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 93%——
Overhead ratio 5%——
Fundraising cost ratio 0.6%——
Revenue growth 82%——
Legal fee ratio 0.6%——
Accounting fee ratio 0.6%——

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.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President and Director
$62,750Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
Board Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Jeff Ochs’s $115K as President and Director is at the 6th percentile of top reported officer pay among 661 $10–100M philanthropy & grantmaking 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 · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Jeff Ochs$114,700$108,850$103,750$85,250$62,750$72,650

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.

See Venn Foundation executive salaries →

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Governance & Policies

Part VI
  • 6Voting board membersPt VI · Ln 1a
  • 5Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13Yes
  • Document retention policyPt VI · Ln 14Yes
  • Top official’s pay independently reviewedPt VI · Ln 15aYes
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Invests in programs to maximize charitable impact.

Provided by the organization

This section is blank until Venn Foundation claims this page.

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Mission & Programs · Part III

Where the work happens

1 program service account for $1.4M of program spending, described in the organization's own filed words · FY2021.
01

Venn foundation (venn) is a nonprofit public charity on a mission to unleash the full power of program-related investments(pris) to advance charitable impact. By opening a special donor-advised fund called a venn account, any individual or organization can recommend that their charitable dollars be used by venn to make pris.

$1.4Mprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Bame FoundationFY2024$50K
Total grants receivedfrom 16 funders$2.8M
See all 16 funders →
Grants paid · 24 grants · $1.8M · 2020–2025
World PediatricsVA · FY2025$160,000
The Minneapolis FoundationMN · FY2025$152,010
Minnesota Children's MuseumMN · FY2025$112,026
Macphail Center for MusicMN · FY2025$11,490
Breakthrough Twin CitiesMN · FY2025$10,376
World PediatricsVA · FY2024$120,000
National Philanthropic TrustPA · FY2024$102,774
World PediatricsVA · FY2023$125,000
World PediatricsVA · FY2023$27,000
National Philanthropic TrustPA · FY2023$25,329
National Philanthropic TrustPA · FY2023$24,573
World PediatricsVA · FY2023$10,000
World PediatricsVA · FY2023$10,000
World PediatricsVA · FY2023$10,000
YouthpriseMN · FY2022$14,000
See all 24 grants →

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2025 Latest $11.8M$1.7M+67% 990 PDF
FY2024 $7.1M$1.8M+59% 990 PDF
FY2023 $4.5M$6.0M-50% 990 PDF
FY2022 $8.9M$2.1M+69% 990 PDF
FY2021 Viewing $5.3M$1.5M+82% 990 PDF
FY2020 $2.9M$647K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Full filing: Form 990 for FY2021

Every line we hold from the return, cited to its Part and line.
Part IX · Statement of functional expenses $1,512,444 across 13 lines filed
IX-1 Grants to domestic organizationsPrograms $222,000$222,000
IX-5 Pay of current officers, directors and key staffPrograms $25,100 · Management $18,825 · Fundraising $18,825$62,750
IX-7 Other salaries and wagesPrograms $38,800 · Management $10,875 · Fundraising $75$49,750
IX-10 Payroll taxesPrograms $4,985 · Management $2,308 · Fundraising $1,467$8,760
IX-11a Management feesManagement $2,976$2,976
IX-11b Legal feesPrograms $3,450 · Fundraising $5,000$8,450
IX-11c Accounting feesManagement $9,043$9,043
IX-14 Information technologyPrograms $150 · Management $21,330$21,480
IX-16 OccupancyManagement $600$600
IX-17 TravelPrograms $125 · Management $38$163
IX-19 Conferences, conventions and meetingsPrograms $210$210
IX-23 InsuranceManagement $5,222$5,222
IX-24 Other expenses (24a–d)Programs $1,114,276 · Management $2,674 · Fundraising $4,090$1,121,040
IX-25 Total functional expensesPrograms $1,409,096 · Management $73,891 · Fundraising $29,457$1,512,444

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

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