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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Environmental Quality, Protection & Beautification New Venture Fund

New Venture Fund

Fiscal year ending 2020. Filed on November 12, 2021.

1828 L Street NW No 300-a
300
Washington, District of Columbia 20036

New Venture Fund (EIN: 20-5806345) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2020 IRS Form 990 filing, New Venture Fund, a 501(c)(3) charitable organization, reported compensation for 8 out of 829 total employees. Among the employees shown here, the average compensation is $309,669. The highest compensated employee at New Venture Fund is Rakesh Rajani with fiscal year 2020 compensation of $438,272.

Revenue, expenses, and employee compensation

Revenue

$975,483,022

Expenses

$658,874,215

Employee compensation

$74,345,512
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Rakesh Rajani
Project Director
$438,272
$409,630 No related comp$28,642
Pamela O Foster
Project Director
$436,161
$409,895 No related comp$26,266
Valerie Conn
Project Director
$417,256
$401,230 No related comp$16,026
Lee Bodner
President
$349,432
$320,900 No related comp$28,532
Heather Joseph
Project Director
$337,428
$313,068 No related comp$24,360
Candy Marshall
Project Director
$332,673
$300,900 No related comp$31,773
Shannon Scott
CFO Effective 6/2020
$145,005
$130,416 No related comp$14,589
Andrew Schulz
General Counsel
$21,125
$21,125 No related compNo other comp

Benchmark Employee Compensation

Non-Employee Board Members

Adam Eichberg
Board Chair
Daryn Dodson
Board Member
Harry Drucker
Board Member
Katherine Miller
Vice Chair and Treasurer
Tom Gibian
Secretary
Vatsala Pathy
Board Member

Contractors

Arabella Advisors LLC
Admin. Operations and Management
$26,982,304
Berlin Rosen
Consulting
$2,023,654
Commonhealth Action
Consulting
$1,872,002
Otg Strategies LLC
Consulting
$1,520,000
Tosomeone Inc.
Consulting
$1,488,000

Mission Statement

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.

Revisions to this organization profile

November 11, 2025:
2024 New Venture Fund 990 filed
November 12, 2024:
2023 New Venture Fund 990 filed
November 10, 2023:
2022 New Venture Fund 990 filed

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