Nonprofit · EIN 94-3136771
PHILANTHROPIC VENTURES FOUNDATION
Tax-exempt · OAKLAND, CA 94612
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $58,681,026 | $49,068,184 | $9,612,842 | $89,430,220 | $54,878 | $89,375,342 |
| December 31, 2023 | 990 | $71,022,800 | $24,930,502 | $46,092,298 | $81,605,913 | $46,868 | $81,559,045 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $53,627,973
- of which government grants
- $562,550
- Program service revenue
- $0
- Investment income
- $5,053,053
- Net gain from sales of assets
- $1,645,482
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $39,731,510
- Compensation of officers, directors and key employees
- $238,308
- Other salaries and wages
- $5,989,241
- Salaries, compensation and benefits (total)
- $6,352,047
- Professional fundraising fees
- $0
- Accounting fees
- $190,353
- Occupancy
- $47,203
- Travel
- $11,660
- Program services (functional)
- $45,250,768
- Management and general (functional)
- $2,095,053
- Fundraising (functional)
- $1,722,363
Balance sheet and other
- Total assets, start of year
- $81,605,913
- Total assets, end of year
- $89,430,220
- Total liabilities, end of year
- $54,878
- Net assets, end of year
- $89,375,342
- Publicly traded securities
- $68,748,223
- Net assets without donor restrictions
- $59,571,575
- Net assets with donor restrictions
- $29,803,767
- Gross receipts
- $120,830,000
- Employees
- 7
- Volunteers
- 7
- Year formed
- 1991
- State of legal domicile
- CA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DAWN HAWK | COO Officer | 40 | $210,000 | $28,308 |
| BILL SOMERVILLE | PRESIDENT/FOUNDER Trustee or director, Officer | 24 | $0 | $6,075 |
| MOIRA C WALSH | CHAIRMAN Trustee or director, Officer | 2 | $0 | $0 |
| JAMES HIGA | TREASURER/EXECUTIVE DIRECTOR Trustee or director, Officer | 32 | $0 | $0 |
| DUNCAN BEARDSLEY | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JAMES R CODY | DIRECTOR Trustee or director | 2 | $0 | $0 |
| KAMBA TSHIONYI | DIRECTOR Trustee or director | 2 | $0 | $0 |
| COLBURN S WILBUR | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ALICIA AGUIRRE | DIRECTOR Trustee or director | 2 | $0 | $0 |
990 for the year ended December 31, 2023: 11 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DAWN HAWK | COO Officer | 40 | $198,000 | $27,108 |
| BILL SOMERVILLE | PRESIDENT/FOUNDER Trustee or director, Officer | 24 | $105,290 | $10,647 |
| MOIRA C WALSH | CHAIRMAN Trustee or director, Officer | 2 | $0 | $0 |
| JAMES HIGA | TREASURER/EXECUTIVE DIRECTOR Trustee or director, Officer | 32 | $0 | $0 |
| DUNCAN BEARDSLEY | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JAMES R CODY | DIRECTOR Trustee or director | 2 | $0 | $0 |
| KAMBA TSHIONYI | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JACKIE SPEIER | DIRECTOR Trustee or director | 2 | $0 | $0 |
| COLBURN S WILBUR | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ALICIA AGUIRRE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ADRIENNE TISSIER | DIRECTOR (THRU 3/6/23) Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1222 PRESERVATION PARK WAY, OAKLAND, CA 94612-1204
- In care of
- % MORIA WALSH
- Principal officer (990 for 2024)
- JAMES HIGA, 1222 PRESERVATION PARK WAY, OAKLAND, CA 946121201
- Signed the 990
- JAMES HIGA, EXECUTIVE DIRECTOR
- Phone
- (510) 645-1890
- Website
- WWW.VENTURESFOUNDATION.ORG
- Return prepared by
- HOOD & STRONG LLP
California records
California keeps its own records of charities and corporations. Search them by EIN 94-3136771 or by the name PHILANTHROPIC VENTURES FOUNDATION.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
TO ENGAGE CREATIVE DONORS AND COMMUNITY PARTNERS IN GRASSROOTS PHILANTHROPY VIA RADICAL COLLABORATION.
Program accomplishments
- PHILANTHROPIC VENTURES FOUNDATION (PVF) BRINGS A UNIQUE PERSPECTIVE TO PHILANTHROPY AND THE WAY IT IS CARRIED OUT TO MAXIMIZE IMPACT. WE PROVIDE A VALUABLE AND OTHERWISE UNHEARD VOICE TO THE PHILANTHROPIC SECTOR. WE HAVE BUILT UP LONG-TERM RELATIONSHIPS WITH DONORS, HELPED SHAPE THEIR CHARITABLE GIVING, AND ARE REGARDED AS TRUSTED PHILANTHROPIC ADVISORS TO MANY. OUR APPROACH AND VISION FOR PHILANTHROPY HAVE BEEN BROADCAST THOROUGHLY AND EMBRACED THROUGH OUR RECENT BOOK, GRASSROOTS PHILANTHROPY, PUBLIC SPEAKING ENGAGEMENTS, AND TEACHING. PVF STAFF IS IN CONSTANT COMMUNICATION WITH ITS GRANTEES TO ACT AS AN ADVOCATE IN HELPING THEM SUCCEED IN THEIR WORK.Expenses $45,250,768 · grants $39,731,510
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 94-3136771
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1991
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T500)
- Assets (IRS master file)
- $89,430,220
- Income (IRS master file)
- $120,830,000
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $58,681,026 | $49,068,184 | $89,430,220 | IRS |
| 990 | December 2023 | $71,022,800 | $24,930,502 | $81,605,913 | XML |
| 990 | December 2022 | $22,915,613 | $23,373,623 | $32,597,542 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 94-3136771).
Questions about PHILANTHROPIC VENTURES FOUNDATION
- What is the EIN of PHILANTHROPIC VENTURES FOUNDATION?
- The employer identification number (EIN) of PHILANTHROPIC VENTURES FOUNDATION is 94-3136771.
- Is PHILANTHROPIC VENTURES FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1991.
- Are donations to PHILANTHROPIC VENTURES FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PHILANTHROPIC VENTURES FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of PHILANTHROPIC VENTURES FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PHILANTHROPIC VENTURES FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of PHILANTHROPIC VENTURES FOUNDATION?
- The 990 for the year ended December 31, 2024 names JAMES HIGA.
- Who are the officers and directors of PHILANTHROPIC VENTURES FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 9 people; 1 received compensation from the organization, the highest $210,000 (DAWN HAWK, COO).
- How much revenue does PHILANTHROPIC VENTURES FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $58,681,026, expenses of $49,068,184 and total assets of $89,430,220 at year end.
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