2024-04-17T17:42:05-05:00 2023-12-31 410746749 CLIFTONLARSONALLEN LLP 220 S 6TH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2023-01-01 814476503 VENN FOUNDATION VENN 6125683204 1900 BOHLAND AVENUE SAINT PAUL MN 55116 JEFF OCHS PRESIDENT & CEO 6125683204 2024-04-16 1 JEFF OCHS 999009999 0 MACKENZIE MCNAUGHTON P02025805 6123764500 2024-04-16 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z JEFF OCHS 1900 BOHLAND AVENUE SAINT PAUL MN 55116 4468850 0 X WWW.VENNFOUNDATION.ORG X 2016 MN TO UNLEASH THE FULL POWER OF PROGRAM-RELATED INVESTMENTS TO ACHIEVE CHARITABLE IMPACT. 9 8 3 14 0 0 8428904 3844580 430290 578514 114 45756 0 0 8859308 4468850 121500 395902 0 0 178146 221114 0 0 45034 1791985 5425340 2091631 6042356 6767677 -1573506 15660826 14009571 1275329 1279927 14385497 12729644 TO UNLEASH THE FULL POWER OF PROGRAM-RELATED INVESTMENTS TO ACHIEVE CHARITABLE IMPACT. 0 0 5881599 395902 578514 VENN FOUNDATION (VENN) IS A NONPROFIT PUBLIC CHARITY ON A MISSION TO UNLEASH THE FULL POWER OF PROGRAM-RELATED INVESTMENTS(PRIS) TO ADVANCE CHARITABLE IMPACT. BY OPENING A SPECIAL DONOR-ADVISED FUND CALLED A VENN ACCOUNT, ANY INDIVIDUAL OR ORGANIZATION CAN RECOMMEND THAT THEIR CHARITABLE DOLLARS BE USED BY VENN TO MAKE PRIS. VENN CAN SYNDICATE ANY ONE PRI AMONG ANY NUMBER OF VENN ACCOUNTS. FINANCIAL RETURNS FROM THESE PRIS GO BACK TO PARTICIPATING ACCOUNTS PRO RATA FOR THE DONORS TO RECOMMEND REDEPLOYMENT INTO NEW PRIS OR GRANTS. OUR VISION IS TO CREATE A NEW CATEGORY OF FLEXIBLE, BELOW-MARKET-RATE CAPITAL THAT CAN BE DIRECTED CREATIVELY TO PROJECTS AND ORGANIZATIONS ACROSS ALL SECTORS THAT ARE HELPING ADVANCE CHARITABLE GOALS. 5881599 1 1 0 1 0 1 0 0 0 0 0 0 1 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 X 3 0 1 3 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 X 9 8 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AL AR CA FL GA IL KS KY MA MD MI MN MS NH NJ NM NY NC OR PA RI SC TN UT VA WV WI X JEFF OCHS 6125683204 1900 BOHLAND AVENUE SAINT PAUL MN 55116 JEFF OCHS PRESIDENT AND DIRECTOR 40.00 X X 103750 0 0 JACLYN SCHROEDER BOARD CHAIR 5.00 X X 0 0 0 WILLIAM BODNER BOARD TREASURER 5.00 X X 0 0 0 MILLIE ACAMOVIC DIRECTOR 5.00 X 0 0 0 MICHAEL DAI DIRECTOR 5.00 X 0 0 0 RAMYA RAUF DIRECTOR 5.00 X 0 0 0 SUSAN SANDS DIRECTOR 5.00 X 0 0 0 ROBERT SCARLETT DIRECTOR 5.00 X 0 0 0 JEANNE VOIGT DIRECTOR 5.00 X 0 0 0 103750 0 0 1 0 0 0 0 3844580 498634 3844580 PRI ACCRUED INTEREST 523000 437778 437778 PRI CLOSING FEES 523000 132736 132736 OTHER PROGRAM REVENUE 900099 8000 8000 578514 45756 45756 4468850 578514 0 45756 395902 395902 103750 41500 31125 31125 101368 81118 19875 375 15996 9491 4070 2435 7791 1456 6335 11227 11227 11194 11194 21560 368 21120 72 600 600 1374 550 824 12730 12730 CONTRIBUTIONS FROM PRIS 5149544 5149544 PROVISION FOR CREDIT LO 197997 197997 MISCELLANEOUS 9683 2853 2958 3872 CLIENT DEVELOPMENT 1640 820 820 6042356 5881599 115723 45034 1855013 210315 260952 1574805 317880 654365 12729 11099 13214252 11558987 15660826 14009571 25329 29927 1250000 1250000 1275329 1279927 X 14185497 12579644 200000 150000 14385497 12729644 15660826 14009571 X -1573506 -82347 X 0 1 X 1 0 X 998801 2728268 5045894 8428904 3844580 21046447 998801 2728268 5045894 8428904 3844580 21046447 11999375 9047072 7255 6489 77 114 45756 59691 21106138 1441916 0.42860 0.43180 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 1 1250 0 0 0 0 0 1250 0 PART II-B, LINE 1: IN 2023, VENN FOUNDATION'S CEO, WHO IS A PAID STAFF MEMBER, ENGAGED IN INSUBSTANTIAL LOBBYING ACTIVITIES RELATED TO ADVOCATING FOR NEW LEGISLATION AT THE STATE OF MINNESOTA TO ADJUST THE EXISTING MINNESOTA EDUCATION TAX CREDIT (METC) STATUTE. THE PRIMARY STATUTORY CHANGE THE VENN FOUNDATION IS ADVOCATING FOR IS AN INCREASE IN THE METC INCOME ELIGIBILITY LIMITS FOR MINNESOTA LOW-INCOME FAMILIES, WHICH HAS NOT BEEN INCREASED SINCE THE LAW WAS ORIGINALLY PASSED IN 1997. ACTIVITIES ENGAGED IN DURING THIS PERIOD INCLUDE RESEARCHING THE HISTORY OF THE METC; RAISING AWARENESS OF THE METC; AND ENCOURAGING FAMILIES, SERVICE PROVIDERS IN THE OUT-OF-SCHOOL-TIME FIELD, AND MEMBERS OF THE BROADER COMMUNITY TO SUPPORT THE LEGISLATION. 112 3769220 395902 13184765 1 1 0 ACTARIS SADDLEBACK-WORKFORCE HOUSING 482870 C ARCTARIS SADDLEBACK 2174907 C BETTER FUTURE FORWARD 400000 C CLOSED LOOP FUND, LP 3743424 F EMERGE ENTERPRISES 83333 C FAMILY TREE, INC. 70000 C GLOBAL WATER FIRST 159590 C GOLDEN PATH SOLUTIONS 100500 C KINDLY TECH 368191 C LUTUNJI'S PALATE 109000 C MAA LOAN FUND - 2021 26832 C MAA LOAN FUND - 2022 315142 C MN CHILDREN'S MUSEUM 115955 C NEIGHBORHOOD DEVELOPMENT CENTER 335458 C PROSERVA 100000 C REFLECTION SCIENCES, INC. 25050 C TECH DUMP 251684 C TRI-CONSTRUCTION 204750 C YARDHOMES 379578 C NEXT LEVEL LOGISTICS, LLC. MATURES FEBRUARY 2031 231750 C LIP ESTEEM, LLC. MATURES FEBRUARY 2029 115000 C TAYLOR'D SKIN & CO. ESTHESTICS BAR, LLC. MATURES JANUARY 2030 158000 C J BENSON CONSTRUCTION, GBC, MATURES JANUARY 2029 391722 C MAA LOAN FUND - 2023 453841 C APPLE TREE DENTAL. MATURES APRIL 2030 155000 C FAIR ANITA, SBC PRI #2. MATURES SEPTEMBER 2027 125785 C SANTA BARBARA NUTRIENTS, PBC, MATURES DECEMBER 2028 481625 C 11558987 X 4386503 -82347 -82347 4468850 0 4468850 6042356 0 6042356 0 6042356 PART X, LINE 2: VENN FOUNDATION IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND SIMILAR STATE INCOME TAX LAWS. THE FOUNDATION IS A PUBLIC CHARITY AND CONTRIBUTIONS TO THE FOUNDATION QUALIFIES AS A CHARITABLE TAX DEDUCTION BY THE CONTRIBUTOR. THE FOUNDATION'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL, STATE AND LOCAL AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE IN CLOSED LOOP FUND -82,347. 0 NATIONAL PHILANTHROPIC TRUST 165 TOWNSHIP LINE ROAD JENKINTOWN PA 19046 237825575 501 (C)(3) 25329 0 N/A N/A GRANT TO DONOR-ADVISED FUND NO. AGG784581 THRIVENT CHARITABLE IMPACT & INVESTING PO BOX 8072 APPLETON WI 54912 411802412 501 (C)(3) 164000 0 N/A N/A FOR THRIVENT CHARITABLE FUND 449208 - THRIVENT CHARITABLE GROWTH & INNOVATION FUND NATIONAL PHILANTHROPIC TRUST 165 TOWNSHIP LINE ROAD JENKINTOWN PA 19046 237825575 501 (C)(3) 24573 0 N/A N/A PLEASE DEPOSIT IN DONOR-ADVISED FUND NO. AGG784581 WITH NATIONAL PHILANTHROPIC TRUST. WORLD PEDIATRIC PROJECT 7201 GLEN FOREST DRIVE RICHMOND VA 23226 541953305 501 (C)(3) 27000 0 N/A N/A GENERAL OPERATIONS WORLD PEDIATRIC PROJECT 7201 GLEN FOREST DRIVE RICHMOND VA 23226 541953305 501 (C)(3) 10000 0 N/A N/A PURPOSE RESTRICTED FOR USE IN THE ASIA/PACIFIC REGION WORLD PEDIATRIC PROJECT 7201 GLEN FOREST DRIVE RICHMOND VA 23226 541953305 501 (C)(3) 10000 0 N/A N/A PURPOSE RESTRICTED FOR USE IN THE LATIN AMERICA REGION WORLD PEDIATRIC PROJECT 7201 GLEN FOREST DRIVE RICHMOND VA 23226 541953305 501 (C)(3) 10000 0 N/A N/A PURPOSE RESTRICTED FOR USE IN THE CARIBBEAN REGION WORLD PEDIATRIC PROJECT 7201 GLEN FOREST DRIVE RICHMOND VA 23226 541953305 501 (C)(3) 125000 0 N/A N/A ONGOING PROJECT SUPPORT FOR CARIBBEAN, LATIN AMERICA, AND ASIA/PACIFIC REGIONS, AS WELL AS RELATED OPERATING SUPPORT. 8 0 X 12 498634 FMV 0 0 1 0 PART I, COLUMN (B): COLUMN (B) REPORTS THE NUMBER OF CONTRIBUTORS PART V, LINE 9B: VENN FOUNDATION MADE A GRANT TO A PUBLIC CHARITY THAT ALSO HAS A DONOR ADVISED FUND WITH THE FOUNDATION. AS A PUBLIC CHARITY, THE DONOR IS NOT A DISQUALIFIED PERSON FOR PURPOSES OF IRC SECTION 4958. FORM 990, PART VI, SECTION A, LINE 1A IN 2023, THE BOARD EXECUTIVE COMMITTEE WAS COMPRISED OF THE BOARD CHAIR, THE PRESIDENT/CEO/SECRETARY, THE BOARD TREASURER, AND THE PRIOR BOARD CHAIR. FORM 990, PART VI, SECTION B, LINE 11B THE RETURN IS PREPARED BY THE ORGANIZATION'S INDEPENDENT ACCOUNTANT BASED ON DATA PROVIDED BY MANAGEMENT. ONCE A DRAFT RETURN IS AVAILABLE, IT IS PROVIDED TO THE GOVERNING BODY FOR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY COVERS ANY DIRECTOR, PRINCIPAL OFFICER, OR MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS. IF A CONFLICT OF INTEREST WERE TO ARISE, THE INTERESTED PARTY IS NOT PRESENT DURING THE DISCUSSION AND VOTE ON THE TRANSACTION OR ARRANGEMENT INVOLVING THE POSSIBLE CONFLICT OF INTEREST. IF THIS WERE TO OCCUR, IT WILL BE CAPTURED IN THE MEETING MINUTES. EACH YEAR, BOARD MEMBERS ARE ASKED TO COMPLETE A CONFLICT OF INTEREST FORM. THEN IF CONFLICTS OF INTEREST ARISE DURING THE YEAR, THEY ARE TO DISCLOSE TO THE BOARD. FORM 990, PART VI, SECTION B, LINE 15 USING THE COUNCIL ON FOUNDATION'S 2023 MIDWEST GRANTMAKER SALARY, BENEFITS, & DEMOGRAPHICS REPORT AS A RESOURCE, THE EXECUTIVE OFFICER'S COMPENSATION IS DETERMINED BY THE BOARD OF DIRECTORS. THE DECISION TO APPROVE THE EXECUTIVE OFFICER'S COMPENSATION IS DOCUMENTED IN THE BOARD OF DIRECTORS MEETING MINUTES AS PART OF THE ANNUAL BUDGET REVIEW AND APPROVAL PROCESS. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2023. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION DOES NOT MAKE THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9: CHANGE IN VALUE IN CLOSED LOOP FUND -82,347.