FORM 990, PART VI, SECTION A, LINE 3 |
ARABELLA ADVISORS, A NATIONWIDE CONSULTING FIRM WITH EXPERTISE IN PHILANTHROPY AND NONPROFIT ORGANIZATION MANAGEMENT, PROVIDES MANAGEMENT AND ADMINISTRATIVE SERVICES TO NEW VENTURE FUND. ARABELLA ADVISORS ENSURES THAT NEW VENTURE FUND AND ITS PROJECTS COMPLY WITH FEDERAL, STATE, AND LOCAL REGULATIONS, AND THE FIRM PROVIDES OTHER ADMINISTRATIVE FUNCTIONS FOR NEW VENTURE FUND, INCLUDING HR, PAYROLL, AND LEGAL SUPPORT SERVICES SO THAT NVF PROJECTS CAN FOCUS ENTIRELY ON THEIR PHILANTHROPIC AND CHARITABLE GOALS. |
FORM 990, PART VI, SECTION B, LINE 11B |
UPON RECEIPT OF THE COMPLETED FORM 990 FROM NVF'S INDEPENDENT TAX ACCOUNTANT, THE ORGANIZATION'S MANAGEMENT AND LEGAL COUNSEL REVIEWS A DRAFT OF THE FORM; ADJUSTMENTS ARE MADE, AS NECESSARY. NVF 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 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. |
FORM 990, PART VI, SECTION B, LINE 15A |
COMPENSATION FOR NVF'S PRESIDENT IS REVIEWED BY THE BOARD OF DIRECTORS, WHICH UTILIZES COMPARABILITY DATA TO SUBSTANTIATE THE REASONABLENESS OF THE COMPENSATION PACKAGE. COMPENSATION FOR NVF'S CFO IS REVIEWED BY THE PRESIDENT, WHO UTILIZES COMPARABILITY DATA TO SUBSTANTIATE THE REASONABLENESS OF THE COMPENSATION PACKAGE. |
FORM 990, PART VI, SECTION C, LINE 19 |
NVF MAKES ITS FORM 1023, APPLICATION FOR RECOGNITION OF EXEMPTION, AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST. THOSE MATERIALS INCLUDE THE FUND'S INITIAL GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND OTHER POLICIES. THE FUND DOES NOT MAKE ITS FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. |
FORM 990, PART IX, LINE 11G |
CONSULTANTS - COMMUNICATIONS: PROGRAM SERVICE EXPENSES 14,604,822. MANAGEMENT AND GENERAL EXPENSES 410,105. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 15,014,927. CONSULTANTS - PROJECT MANAGEMENT: PROGRAM SERVICE EXPENSES 42,286,712. MANAGEMENT AND GENERAL EXPENSES 442,239. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 42,728,951. CONSULTANTS - RESEARCH & EVALUATION: PROGRAM SERVICE EXPENSES 15,640,684. MANAGEMENT AND GENERAL EXPENSES 125,292. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 15,765,976. OTHER PROFESSIONAL FEES/CONSULTANTS: PROGRAM SERVICE EXPENSES 1,716,918. MANAGEMENT AND GENERAL EXPENSES 18,389. FUNDRAISING EXPENSES 74,295. TOTAL EXPENSES 1,809,602. |
FORM 990, PART XI, LINE 9: |
REVERSAL OF PRIOR YEAR PLEDGES/CONTRIBUTIONS -10,090,803. REVERSAL OF PRIOR YEAR SUBGRANTEE FUNDS 4,270,274. |