New Venture Fund

“New venture fund has an administrative services agreement with arabella advisors, llc. During the year, new venture fund paid to arabella advisors, llc $ 13,167,207 for management, administrative personnel, consulting services, and reimbursable expenses.”

“The board of directors and the organization's legal counsel reviewed the return prior to filing. In addition, management performed an in-depth review prior to the return being provided to the board of directors.”

“All persons covered by the organization's conflict of interest policy are required to declare conflicts of interest annually. Covered individuals cannot vote on matters before the board when they have a conflict in the matter. Disinterested members must determine whether or not there are any suitable alternatives to potential transactions that cause conflict. If a covered person is found to be in violation of this policy, it may be cause for removal from the board of directors.”

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request for the same period of disclosure as set forth in section 6104(d).”

“In 2015, the organization created avon breast cancer crusade, a delaware single-member llc for the purpose of carrying on programs related to promoting awareness of breast cancer, empowering women and their families, and funding breast cancer research to eradicate breast cancer. This work was previously housed at and funded by the avon foundation for women. Abcc is a disregarded entity, and thus those activities are attributable to the organization and constitute a significant new program not previously listed on a prior 990.”

“In carrying out its public interest projects, nvf relies on a broad array of consultants who provide research, media, communications, project management, technology, event coordination, government relations, and other strategic support of our programs.”

“Consulting services: program service expenses 63,490,785. Management and general expenses 1,367,871. Fundraising expenses 853,862. Total expenses 65,712,518.”

“Return of grant funds -66,750.”

“The process for overseeing the audit of the financial statements and selection of an independent accountant that audited the financial statements has been consistent with prior years.”

“The nvf 2015 form 990 was amended to correct part vii and schedule l, part v (supplemental information) title of eric kessler, correct part viii statement of revenue gross amounts from sales of assets other than inventory less cost or other basis and sales expenses and to report the correct balances of part x unrestricted and temporarily restricted net asset categories.”