New Venture Fund

“Eric kessler, wilbur priester, and andrew schulz have business relationships.”

“Arabella advisors is a management, strategy and evaluation firm serving family, institutional, and corporate philanthropists across the country and around the world. Arabella provides business and administrative services to the new venture fund under an administrative agreement. In that capacity, arabella supplies the systems and services to ensure compliance with federal, state and local regulations related to charitable solicitation and provides hr, legal, payroll, and other administrative functions for the new venture fund thereby enabling nvf to better further its mission and achieve impact.”

“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 arabella advisors senior director of hr reviews all key employee offers of employment against comparable data and substantiates that it is in an appropriate range. The compensation of the president is reviewed by the board of directors.”

“The fund makes its form 1023: application for recognition of exemption, available for public inspection upon request. Those materials include the fund's initial governing documents, conflicts of interest policy, and other policies. The fund does not make financial statements available to the public.”

“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.”

“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.”

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