New Venture Fund
Overview
Mission
New Venture Fund is a force for social good—maximizing the impact of charitable dollars by centering equity and belonging, increasing and diversifying opportunity and access to funding, promoting respect and collaboration, simplifying partner navigation of complexity, and encouraging bold efforts for transformative change.
What it reported doing in 2024
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.
Operating model
- Revenue model
- Donor-supported. 95% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 67% of its reported program spending out as grants.
- Includes noncash contributions: Reported contributions include donated property or goods.
Nonprofit profile at a glance
- EIN
- 205806345
- IRS 990 coverage
- 2010–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024, Form 990-T 2024
- Headquarters
- Washington, DC, USA
- Phone
- 202-595-1061
- Rating
- 85
- Verdict
- STRONG
- Rating confidence
- Standard
- Sector
- Research Institutes and/or Public Policy Analysis
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing reports few safeguards for money sent abroad and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 97
- Transparency & Controls: 70
- Accountability: 91
- Sustainability: 33
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 94.7%; rating input score 95
- Fundraising efficiency: $314.09 raised per $1 spent on fundraising; rating input score 92; 92nd percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
- Pay-setting controls: 1 of 6 controls in place; rating input score 17
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: 2 of 8 controls in place; rating input score 25
- Claims monitoring procedures: Pass
- Requires narrative reports: Fail
- Conducts field audits: Fail
- May suspend future funding: Fail
- Requires financial reports: Fail
- Conducts site visits: Fail
- Requires grant agreements: Pass
- May require repayment: Fail
- Grant itemization coverage: 99.9%; rating input score 100; 45th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 76th percentile among comparable filings
- Governance controls: 7 of 9 controls in place; rating input score 78
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Fail
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -9.2%; rating input score 8; 8th percentile among comparable filings
- Total-asset coverage ratio: 0.86; rating input score 34; 34th percentile among comparable filings
- Liabilities to assets ratio: 0.14; rating input score 76; 76th percentile among comparable filings
- Officer compensation ratio: 0.4%; rating input score 87; 87th percentile among comparable filings
Growth
- Program expense growth: 16.9% per year; rating input score 100; 89th percentile among comparable filings
- Revenue growth: 15.5% per year; rating input score 100; 89th percentile among comparable filings
- Asset growth: 16.8% per year; rating input score 100; 89th percentile among comparable filings
Details
- What they do: 1 programs and campaigns described on the official site
- Where the money goes: 100% of revenue deployed · 94.7% of spending went to programs
- Governance: 7 of 7 board members independent · 7 of 9 filing controls reported
- Programs: 4 filed program accomplishments · $685M in reported program spending
- Leadership: top reported pay $510K · 16 people listed · 1 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $26.8M reported
- Consistency: 46 of 46 current checks pass
- Schedules: 11 filed schedules · includes major donors, foreign activity, grants, and executive pay
- Filing history: 14 annual filings from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 881 filed money-flow records
- Related organizations: 854 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Leadership & pay
16 people listed
Highest reported compensation
- FRAN SEEGULL (PROJECT DIRECTOR): $509,966 total reported compensation
- LEE BODNER (PRESIDENT): $438,683 total reported compensation
- JAMES COWEN (PROJECT DEPUTY DIRECTOR): $396,535 total reported compensation
Source: IRS Form 990. Selected filing: FY2024.