| FORM 990, PART V, LINE 2A / FORM 990, PART VII, SECTION A: |
NEW VENTURE FUND (AN UNAFFILIATED ORGANIZATION EXEMPT FROM TAX UNDER IRC SECTION 501(C)(3)) IS A PAYROLL REPORTING AGENT FOR SIXTEEN THIRTY FUND UNDER THE IRS COMMON PAYMASTER RULES. UNDER THE ARRANGEMENT, SIXTEEN THIRTY FUND REIMBURSES NEW VENTURE FUND FOR ITS ALLOCATED SHARE OF SALARIES AND BENEFITS. AS OF 7/1/2021, SIXTEEN THIRTY FUND IS THE PRIMARY PAYROLL REPORTING AGENT AND DIRECTLY PAID SALARIES AND BENEFITS FOR THE ORGANIZATION'S FULL TIME EMPLOYEES. THE AMOUNTS REPORTED ON FORM 990, PART VII REPRESENT THE COMBINED AMOUNTS OF THESE ARRANGEMENTS. |
| FORM 990, PART VI, SECTION A, LINE 3 |
SIXTEEN THIRTY FUND CONTRACTED WITH ARABELLA ADVISORS, A PROFESSIONAL SERVICES FIRM THAT SUPPORTS PHILANTHROPISTS, IMPACT INVESTORS, AND NONPROFIT ORGANIZATIONS, TO PROVIDE BUSINESS AND ADMINISTRATIVE SERVICES 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 SIXTEEN THIRTY FUND, THEREBY ENABLING SIXTEEN THIRTY FUND TO BETTER FURTHER ITS MISSION AND ACHIEVE IMPACT. |
| FORM 990, PART VI, SECTION B, LINE 11B |
UPON RECEIPT OF THE COMPLETED FORM 990 FROM SIXTEEN THIRTY FUND'S INDEPENDENT TAX ACCOUNTANT, THE ORGANIZATION'S MANAGEMENT AND LEGAL COUNSEL REVIEWS A DRAFT OF THE FORM; ADJUSTMENTS ARE MADE, AS NECESSARY. THE ORGANIZATION THEN SENDS THE COMPLETED FORM 990 TO ALL MEMBERS OF THE BOARD OF DIRECTORS FOR REVIEW AND COMMENT AND, UPON ADDRESSING ALL COMMENTS, THE 990 IS FILED WITH THE INTERNAL REVENUE SERVICE. |
| FORM 990, PART VI, SECTION B, LINE 12C |
ALL BOARD MEMBERS ARE REQUIRED TO DISCLOSE CONFLICTS OF INTEREST. THE POLICY IS MONITORED AT THE BOARD LEVEL. 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 IN VIOLATION OF THIS POLICY, IT MAY BE CAUSE FOR REMOVAL FROM THE BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION B, LINE 15A |
COMPENSATION FOR SIXTEEN THIRTY FUND'S PRESIDENT IS REVIEWED BY THE BOARD OF DIRECTORS, WHICH UTILIZES COMPARABILITY DATA TO SUBSTANTIATE THE REASONABLENESS OF THE COMPENSATION PACKAGE. |
| FORM 990, PART VI, SECTION C, LINE 19 |
THE ORGANIZATION DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. |
| FORM 990, PART IX, LINE 11G |
CONSULTANTS - COMMUNICATIONS: PROGRAM SERVICE EXPENSES 3,822,391. MANAGEMENT AND GENERAL EXPENSES 133,247. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,955,638. CONSULTANTS - PROJECT MANAGEMENT: PROGRAM SERVICE EXPENSES 6,400,944. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 6,400,944. CONSULTANTS - RESEARCH & EVALUATION: PROGRAM SERVICE EXPENSES 8,075,280. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 8,075,280. OTHER PROFESSIONAL FEES/CONSULTANTS: PROGRAM SERVICE EXPENSES 585,440. MANAGEMENT AND GENERAL EXPENSES 5,850. FUNDRAISING EXPENSES 54,480. TOTAL EXPENSES 645,770. |
| FORM 990, PART XI, LINE 9: |
RETURN OF PRIOR YEAR GRANT EXPENSE 436,426. |
Attach to Form 990 or 990-EZ.