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Charity Math
The 990 read · EIN 20-5806345 · DC · Fiscal year 2024

New Venture Fund

New Venture Fund: CEO salary, finances and where donations go

In its own words

“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.”

Data only Figures straight from the filing, screened by our rules. Not yet reviewed in depth by a CPA.

Methodology by Amir Arani, CPA, CA · Updated

Top pay
$476K Fran Seegull, 0.1% of spending
Revenue
$662.4M 94.9% from donations and grants
Spent
$723.0M 94.7% on programs, as reported
Net assets
$534.3M end of 2024
Savings
8.9 months of spending, net assets ÷ spending
People
732 employees, 400 volunteers
Form 990 (2024), Parts I, VII, IX, X
01 · Red flags

No red flags in its latest filing.

We screen every filing against twelve rules. A flag is a prompt for a closer look, not a finding of wrongdoing.

No reported asset diversions, no insider transactions, no fundraisers keeping most of the money, and the governance policies we check for are in place.

02 · Where $1 goes · 2024

Of each dollar it spent, 94.7¢ went to programs, as reported.

The split the charity filed.
94.7¢
Programs, $685.0M
0.3¢
Fundraising, $2.0M
5.0¢
Admin, $36.0M
Form 990 (2024), Part IX, line 25
Cost to raise $1
0¢
as reported

For each dollar donated, New Venture Fund spent 0¢ on fundraising.

Fundraising ÷ $628.3M contributions · Form 990 Parts VIII, IX
03 · What it does

What it told the IRS it spent on.

The charity's own description of its largest programs, with what each cost.

Program 1 · 15.7% of program spending · $69.8M in grants $107.6M

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 advocacy for effective teaching practices and education reform. Activities include grantmaking, convenings, and strategic communications support.

Program 2 · 13.6% of program spending · $59.8M in grants $93.2M

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. Activities among these projects include grantmaking, communications, coordination among stakeholders, civic and media engagement, and public awareness campaigns.

Program 3 · 27.9% of program spending · $118.4M in grants $191.0M

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…

Form 990 (2024), Part III
04 · The savings

Net assets: $80.9M to $534.3M in 11 years.

Net assets at each fiscal year end, 2013 to 2024.

Net assets at year end, $ millions
81
126
230
322
339
372
408
713
1118
895
627
534
Form 990 history via ProPublicaForm 990 (2024)
05 · Who gets paid

The 7 highest-paid people.

Reportable pay in 2024, from the charity and related organizations.

Fran Seegull
Project Director
$476,013
Lee Bodner
President
$385,900
Amie Batson
Project President
$375,000
James Cowen
Project Deputy Director
$349,102
Camilla Seth
Project Director
$339,664
Wilson Woodhouse
Project President
$332,564
Shannon Scott
CFO (through 9/2024)
$227,334
Form 990 (2024), Part VII, Section A
Largest outside contractors
ContractorServicePaid
Arabella Intermediate Holdings LLCAdmin. & operational support services$21,501,874
Daybreaker LLCConsulting services$2,402,500
Stagwell Global LLCConsulting services$996,500
Parker Dewey LLCConsulting services$976,650
The Thomas Consulting Group LLCConsulting services$910,700
Form 990 (2024), Part VII, Section B
06 · Questions

The questions people ask about the New Venture Fund.

Short, sourced answers. Each one stands on its own.

How much does the New Venture Fund CEO make?

Fran Seegull, Project Director, received $476,013 in reportable compensation in 2024, 0.1% of New Venture Fund's $723.0M in spending.

Form 990 (2024), Part VII

What percentage of New Venture Fund donations go to programs?

New Venture Fund reported 94.7% of 2024 spending as programs, 0.3% as fundraising and 5% as management.

Form 990 (2024), Part IX

How much money does New Venture Fund have?

Net assets were $534.3M at the end of 2024, about 8.9 months of spending.

Form 990 (2024), Part X

Does New Venture Fund have any red flags in its filing?

Its latest Form 990 triggered none of our twelve screening rules, which cover reported asset diversions, insider transactions, fundraiser costs, governance policies and spending patterns.

Form 990 (2024)
07 · Sources and citing

Every number, traced.

  1. New Venture Fund Form 990, 2024 (IRS e-file)
  2. New Venture Fund Form 990 history (ProPublica Nonprofit Explorer)
Cite this page

Amir Arani, “New Venture Fund: CEO salary, finances and where your dollar goes,” Charity Math, updated 2026-11-07. https://charitymath.com/charities/new-venture-fund/