Attach to Form 990 or Form 990-EZ.
Go to
www.irs.gov/Form990 for instructions and the latest information.
| (i) Name of supported organization | (ii) EIN | (iii) Type of organization (described on lines 1- 10 above (see instructions)) | (iv) Is the organization listed in your governing document? | (v) Amount of monetary support (see instructions) | (vi) Amount of other support (see instructions) | |
|---|---|---|---|---|---|---|
| Yes | No | |||||
|
Total |
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Calendar year (or fiscal year beginning in) ![]() |
(a) 2015 | (b) 2016 | (c) 2017 | (d) 2018 | (e) 2019 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grant.") .. | 4,876,543 | 7,087,701 | 5,073,159 | 4,721,298 | 1,859,121 | 23,617,822 |
| 2 | Tax revenues levied for the organization's benefit and either paid to or expended on its behalf.... | 0 | |||||
| 3 | The value of services or facilities furnished by a governmental unit to the organization without charge.. | 0 | |||||
| 4 | Total. Add lines 1 through 3 | 4,876,543 | 7,087,701 | 5,073,159 | 4,721,298 | 1,859,121 | 23,617,822 |
| 5 | The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f).. | 6,027,712 | |||||
| 6 | Public support. Subtract line 5 from line 4. | 17,590,110 | |||||
Calendar year
(or fiscal year beginning in) ![]() |
(a) 2015 | (b) 2016 | (c) 2017 | (d) 2018 | (e) 2019 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 7 | Amounts from line 4.. | 4,876,543 | 7,087,701 | 5,073,159 | 4,721,298 | 1,859,121 | 23,617,822 |
| 8 | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources... | 29,833 | 42,869 | 12,547 | 36,097 | 56,748 | 178,094 |
| 9 | Net income from unrelated business activities, whether or not the business is regularly carried on.. | ||||||
| 10 | Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.).. | 0 | |||||
| 11 | Total support. Add lines 7 through 10 | 23,795,916 | |||||
Calendar year (or fiscal year beginning in) ![]() |
(a) 2015 | (b) 2016 | (c) 2017 | (d) 2018 | (e) 2019 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") . | ||||||
| 2 | Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | ||||||
| 3 | Gross receipts from activities that are not an unrelated trade or business under section 513 ..... | ||||||
| 4 | Tax revenues levied for the organization's benefit and either paid to or expended on its behalf... | ||||||
| 5 | The value of services or facilities furnished by a governmental unit to the organization without charge | ||||||
| 6 | Total. Add lines 1 through 5 | ||||||
| 7a | Amounts included on lines 1, 2, and 3 received from disqualified persons | ||||||
| b | Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year. | ||||||
| c | Add lines 7a and 7b.. | ||||||
| 8 | Public support. (Subtract line 7c from line 6.) | ||||||
Calendar year (or fiscal year beginning in) ![]() |
(a) 2015 | (b) 2016 | (c) 2017 | (d) 2018 | (e) 2019 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 9 | Amounts from line 6... | ||||||
| 10a | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources.. | ||||||
| b | Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975. | ||||||
| c | Add lines 10a and 10b. | ||||||
| 11 | Net income from unrelated business activities not included in line 10b, whether or not the business is regularly carried on. | ||||||
| 12 | Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.) .. | ||||||
| 13 | Total support. (Add lines 9, 10c, 11, and 12.).. | ||||||
| Section A - Adjusted Net Income | (A) Prior Year |
(B) Current Year (optional) |
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| 1 | Net short-term capital gain | 1 | ||||
| 2 | Recoveries of prior-year distributions | 2 | ||||
| 3 | Other gross income (see instructions) | 3 | ||||
| 4 | Add lines 1 through 3 | 4 | ||||
| 5 | Depreciation and depletion | 5 | ||||
| 6 | Portion of operating expenses paid or incurred for production or collection of gross income or for management, conservation, or maintenance of property held for production of income (see instructions) | 6 | ||||
| 7 | Other expenses (see instructions) | 7 | ||||
| 8 | Adjusted Net Income (subtract lines 5, 6 and 7 from line 4) | 8 | ||||
| Section B - Minimum Asset Amount | (A) Prior Year |
(B) Current Year (optional) |
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| 1 | Aggregate fair market value of all non-exempt-use assets (see instructions for short tax year or assets held for part of year): | 1 | ||||
| a | Average monthly value of securities | 1a | ||||
| b | Average monthly cash balances | 1b | ||||
| c | Fair market value of other non-exempt-use assets | 1c | ||||
| d | Total (add lines 1a, 1b, and 1c) | 1d | ||||
| e |
Discount claimed for blockage or other factors (explain in detail in Part VI): |
|||||
| 2 | Acquisition indebtedness applicable to non-exempt use assets | 2 | ||||
| 3 | Subtract line 2 from line 1d | 3 | ||||
| 4 | Cash deemed held for exempt use. Enter 1-1/2% of line 3 (for greater amount, see instructions). | 4 | ||||
| 5 | Net value of non-exempt-use assets (subtract line 4 from line 3) | 5 | ||||
| 6 | Multiply line 5 by .035 | 6 | ||||
| 7 | Recoveries of prior-year distributions | 7 | ||||
| 8 | Minimum Asset Amount (add line 7 to line 6) | 8 | ||||
| Section C - Distributable Amount | Current Year | |||||
| 1 | Adjusted net income for prior year (from Section A, line 8, Column A) | 1 | ||||
| 2 | Enter 85% of line 1 | 2 | ||||
| 3 | Minimum asset amount for prior year (from Section B, line 8, Column A) | 3 | ||||
| 4 | Enter greater of line 2 or line 3 | 4 | ||||
| 5 | Income tax imposed in prior year | 5 | ||||
| 6 | Distributable Amount. Subtract line 5 from line 4, unless subject to emergency temporary reduction (see instructions) | 6 | ||||
| Section D - Distributions | Current Year | |
|---|---|---|
| 1 Amounts paid to supported organizations to accomplish exempt purposes | ||
|
2
Amounts paid to perform activity that directly furthers exempt purposes of supported organizations, in excess of income from activity |
||
| 3 Administrative expenses paid to accomplish exempt purposes of supported organizations | ||
| 4 Amounts paid to acquire exempt-use assets | ||
| 5 Qualified set-aside amounts (prior IRS approval required) | ||
| 6 Other distributions (describe in Part VI). See instructions | ||
| 7Total annual distributions. Add lines 1 through 6. | ||
|
8
Distributions to attentive supported organizations to which the organization is responsive (provide details in Part VI). See instructions |
||
| 9 Distributable amount for 2019 from Section C, line 6 | ||
| 10 Line 8 amount divided by Line 9 amount | ||
| Section E - Distribution Allocations (see instructions) |
(i) Excess Distributions |
(ii) Underdistributions Pre-2019 |
(iii) Distributable Amount for 2019 |
|
|---|---|---|---|---|
| 1 Distributable amount for 2019 from Section C, line 6 | ||||
|
2
Underdistributions, if any, for years prior to 2019 (reasonable cause required-- explain in Part VI). See instructions. |
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| 3 Excess distributions carryover, if any, to 2019: | ||||
| a From 2014....... | ||||
| b From 2015....... | ||||
| c From 2016....... | ||||
| d From 2017....... | ||||
| e From 2018....... | ||||
| fTotal of lines 3a through e | ||||
| g Applied to underdistributions of prior years | ||||
| h Applied to 2019 distributable amount | ||||
|
i
Carryover from 2014 not applied (see instructions) |
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| j Remainder. Subtract lines 3g, 3h, and 3i from 3f. | ||||
| 4Distributions for 2019 from Section D, line 7: | ||||
| $ | ||||
| a Applied to underdistributions of prior years | ||||
| b Applied to 2019 distributable amount | ||||
| c Remainder. Subtract lines 4a and 4b from 4. | ||||
|
5
Remaining underdistributions for years prior to 2019, if any. Subtract lines 3g and 4a from line 2. If the amount is greater than zero, explain in Part VI. See instructions. |
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|
6
Remaining underdistributions for 2019. Subtract lines 3h and 4b from line 1. If the amount is greater than zero, explain in Part VI. See instructions. |
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|
7 Excess distributions carryover to 2020. Add lines 3j and 4c. |
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| 8 Breakdown of line 7: | ||||
| a Excess from 2015..... | ||||
| b Excess from 2016..... | ||||
| c Excess from 2017..... | ||||
| d Excess from 2018..... | ||||
| e Excess from 2019..... | ||||
| Facts And Circumstances Test |
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| Return Reference | Explanation |
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| Software ID: | |
| Software Version: |
Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| FORM 990, PART III, LINE 1 - ORGANIZATION'S MISSION: | ORGANIZATION'S MISSION: VENTURE PHILANTHROPY PARTERS, INC. (VPP), A NONPROFIT PHILANTHROPIC INVESTMENT ORGANIZATION, INVESTS IN HIGH-PERFORMING NONPROFIT ORGANIZATIONS THAT ARE SERVING THE CORE HEALTHY DEVELOPMENTAL, LEARNING, AND EDUCATIONAL NEEDS OF CHILDREN FROM LOW-INCOME FAMILIES IN THE GREATER WASHINGTON REGION. VPP PROVIDES SIGNIFICANT, GROWTH CAPITAL INVESTMENTS AND AUGMENTS THOSE FUNDS WITH STRATEGIC, NON-FINANCIAL RESOURCES TO HELP LEADERS GROW THEIR ORGANIZATIONS IN SIZE, STRENGTH, AND COMMUNITY IMPACT. AND BY DEMONSTRATING THE VALUE OF THIS APPROACH, VPP SEEKS TO INSPIRE PHILANTHROPISTS, CORPORATE AND NONPROFIT LEADERS, AND PUBLIC POLICYMAKERS TO HELP INCREASE THE EFFECTIVENESS AND THE FLOW OF CAPITAL, TALENT, AND OTHER RESOURCES TO NONPROFIT ORGANIZATIONS SHOWING THE GREATEST POTENTIAL FOR IMPROVING THE LIVES OF CHILDREN. ORGANIZATION AND HISTORY: VPP WAS INCORPORATED ON MAY 23, 2000, IN THE STATE OF DELAWARE. VPP, A NONPROFIT PHILANTHROPIC INVESTMENT ORGANIZATION, WAS LAUNCHED IN JUNE 2000 BY MARIO MORINO, THE FOUNDER OF THE MORINO INSTITUTE AND CO-FOUNDER OF LEGENT CORPORATION; SENATOR MARK WARNER; AND RAUL FERNANDEZ, FOUNDER OF PROXICOM. TOGETHER THEY BROUGHT TOGETHER OTHER TECHNOLOGY AND BUSINESS LEADERS TO INVEST APPROXIMATELY $31 MILLION IN VPP'S FIRST FUND, TO PROODUCE SOCIAL, RATHER THAN FINANCIAL, RETURNS. VPP'S FIRST FUND WAS COMMITTED TO A DOZEN ORGANIZATIONS SERVING YOUTH AND FAMILIES IN THE COMMUNITY, WITH FUNDS FULLY DEPLOYED BY THE END OF 2009. VPP RAISED APPROXIMATELY $50 MILLION FOR ITS SECOND FUND FROM NDIVIDUALS, FOUNDATIONS, CORPORATIONS AND THE FEDERAL GOVERNMENT TO INVEST ADDITIONAL CAPITAL IN NONPROFITS AND TO FINANCE VPP'S OWN PROGRAMMATIC AND NON-PROGRAMMATIC OPERATIONS. VPP MADE MULTI-YEAR COMMITMENTS OF CAPITAL TO EIGHT NONPROFIT ORGANIZATIONS IN ITS SECOND PORTFOLIO WITH FUNDS FULLY DEPOLYED AS OF AUGUST 31, 2017. IN JULY OF 2010, THE SOCIAL INNOVATION FUND (SIF), ADMINISTERED BY THE CORPORATION FOR NATIONAL AND COMMUNITY SERVICE, AWARDED VPP A $10 MILLION COMMITMENT OVER FIVE YEARS. VPP WAS ONE OF ELEVEN ORGANIZATIONS NATIONALLY AWARDED SIF GRANTS AS PART OF ITS INAUGURAL PORTFOLIO. VPP'S "YOUTHCONNECT" INVESTMENT IS A PIONEERING COLLABORATION OF GOVERNMENT, PRIVATE PHILANTHROPY, NONPROFIT ORGANIZATIONS, AND EVALUATORS TO DRAMATICALLY IMPROVE OPPORTUNITIES FOR LOW-INCOME YOUTH, AGES 14-24, IN THE GREATER WASHINGTON REGION. VPP IS ACTIVELY RAISING FUNDS FOR ITS THIRD PORTFOLIO, THE CAPITAL KIDS PORTFOLIO. TO DATE VPP HAS SECURED COMMITMENTS OF OVER $28 MILLION. OVER THE PAST 19 YEARS, VPP HAS RAISED OVER $110 MILLION AND SUPPORTED MORE THAN 18 NONPROFIT PARTNERS TO CHANGE THE LIVES OF TENS OF THOUSANDS OF LOW-INCOME CHILDREN AND YOUTH BY PROVIDING THEM ACCESS TO QUALITY EDUCATION, HEALTH CARE, AND CAREER TRAINING. BY INVESTING IN SOME OF THE REGION'S HIGHEST-PERFORMING NONPROFITS VPP HAS ENABLED OUR NONPROFIT PARTNERS TO SERVE 80 NEW SITES, AND SERVE MORE THAN 50,000 YOUNG PEOPLE ANNUALLY. |
| FORM 990, PART III, LINE 4A - PROGRAM SERVICES ACCOMPLISHMENTS: | GRANT PROGRAM EXPENSES - VPP provides philanthropic investments to organizations (investment partners) for the purpose of helping high-quality nonprofit organizations impact the lives of more children and youth. VPP disburses funds to investment partners to provide financial support to help leaders build and strengthen VPP behind their programs, often referred to as "organizational capacity." VPP supports this type of capacity with large-scale, multi-year funding. VPP's youthCONNECT investment supports specific programmatic elements of nonprofit organizations to provide education, social services and job training to low-income youth ages 14-24. youthCONNECT also supports the collaboration of this portfolio of organizations to demonstrate greater impact in the National Capital Region through collective action. LEARN MORE AT: http://www.vppartners.org/portfolio/youthconnect. |
| FORM 990, PART III, LINE 4B - PROGRAM SERVICE ACCOMPLISHMENTS: | INVESTMENT PRACTICE - An important element and distinction of the work of VPP is its approach to identifying, selecting and engaging its investment partners. The VPP team, consisting of people with experience in management development and building organizations, is responsible for sourcing candidates, evaluating prospective organizations for investment, and supporting them for the duration of the investment partnership. The VPP team works directly with its investment partners to serve as a combination of strategic advisor, executive coach, change agent, funder, board member and consultant with the goal of helping great leaders build stronger, more effective organizations. |
| FORM 990, PART III, LINE 4C - PROGRAM SERVICE ACCOMPLISHMENTS: | STRATEGIC COMMUNICATIONS, INVESTOR RELATIONS AND FIELD-BUILDING: A KEY ELEMENT TO THE STRATEGY OF EXTENDING THE IMPACT OF THE WORK OF VPP IS TO CAPTURE, CODIFY, AND SHARE THE LESSONS AND EXPERIENCES OF VPP'S PHILANTHROPIC WORK WITH AN EXTENDED COMMUNITY OF PHILANTHROPISTS AND PRACTITIONERS. VPP DEVOTES SPECIFIC RESOURCES TO FORMALIZING AND SHARING ITS INVESTMENT PRACTICE, APPROACH, AND PROCESSES. VPP COALESCES THE INDIVIDUALS, FAMILIES, FOUNDATIONS, AND CORPORATE SUPPORTERS INTO A COMMUNITY OF DONORS, COMMITTED TO MAKING THEIR PHILANTHROPY AND CIVIC ENGAGEMENT MORE EFFECTIVE. VPP CREATES VENUES FOR ENGAGEMENT AND EXCHANGE - TO BUILD A COMMUNITY OF INVESTORS COMMITTED TO ADVANCE THEIR OWN PHILANTHROPY AND SHARED INTERESTS. VPP PUBLISHES REPORTS AND PROVIDES RESEARCH FOR THE BENEFIT OF THOSE WHO ARE INVOLVED IN THE NONPROFIT SECTOR AS SERVICE PROVIDERS AND PHILANTHROPISTS. THESE REPORTS SURVEY THE FIELDS OF VENTURE PHILANTHROPY AND HIGH-ENGAGEMENT GRANT-MAKING, ADDRESS CRITICAL ISSUES FACING THE NONPROFIT SECTOR, AND OFFER NEW RESEARCH AND RESOURCES TO ADVANCE MANAGEMENT PRACTICES IN THE SECTOR. RECENT RELEASES: IN NOVEMBER 2015, VPP LAUNCHED READY FOR WORK: CHAMPIONS FOR CAREER AND COLLEGE READY GRADUATES IN PRINCE GEORGE'S COUNTY - VPP'S FIRST INVESTMENT OF THE CAPITAL KIDS PORTFOLIO. http://www.vppartners.org/news/announcements/vpp-launches-new-initiative-r eady-work-champions-career-and-college-ready-graduat. IN THE SPRING OF 2016, VPP RELEASED TWO REPORTS ON YOUTHCONNECT, VPP'S COLLECTIVE IMPACT INVESTMENT. Http://www.vppartners.org/portfolio/youthconnect/learning. THESE REPORTS HIGHLIGHT THE ACCOMPLISHMENTS, IMPACT AND LESSONS LEARNED OF YOUTHCONNECT AND EVALUATES THE RESULTS AND IMPACT OF THE INITIATIVE ON THE NETWORK PARTNER ORGANZIATIONS AND THE YOUTH EACH SERVES. IN JANUARY 2015, VPP RELEASED A CASE STUDY OF THE SECOND INVESTMENT OF THE SECOND PORTFOLIO, KIPP DC. THE REPORT HIGHLIGHTS THE KEY ACCOMPLISHMENTS, PARTNERSHIP ENGAGEMENT, RESULTS, LESSONS LEARNED AND FOCUS AREAS OF THE VPP INVESTMENT HTTP://WWW.VPPARTNERS.ORG/PORTFOLIO/PORTFOLIO-II/KIPP-DC IN SEPTEMBER 2014, VPP RELEASED A CASE STUDY OF THE FIRST INVESTMENT OF THE SECOND PORTFOLIO, YEAR UP. THE REPORT HIGHLIGHTS THE KEY ACCOMPLISHMENTS, PARTNERSHIP ENGAGEMENT, RESULTS, LESSONS LEARNED AND FOCUS AREAS OF THE VPP INVESTMENT, HTTP://WWW.VPPARTNERS.ORG/PORTFOLIO/PORTFOLIO-II-YEAR-UP-NATIONAL-CAPITAL- REGION. IN MAY 2014, THE YOUTHCONNECT NETWORK RELEASED ITS SECOND IN A SERIES OF CASE STUDIES, YOUTHCONNECT: A (NET)WORK IN PROGRESS - THE FIRST TWO YEARS. THIS CASE STUDY DELVES INTO THE FIRST STAGES OF THAT WORK-THE EXPERIENCE OF FUNDING, LAUNCHING AND SUPPORTING YOUTHCONNECT, WHILE CHRONICLING BEST PRACTICES AND LESSONS LEARNED THAT MIGHT HELP OTHERS SEEKING TO PURSUE SIMILAR INITIATIVES. HTTP://WWW.VPPARTNERS.ORG/RESULTS/REPORTS/YOUTHCONNECT-NETWORK-PROG RESS-FIRST-TWO-YEARS. IN JANUARY 2013, THE YOUTHCONNECT NETWORK RELEASED ITS FIRST IN A SERIES OF CASE STUDIES, YOUTHCONNECT: A (NET)WORK IN PROGRESS. THE CASE STUDY DESCRIBES THE COLLABORATIVE PROCESS AND RESULTING COMMON OUTCOMES FRAMEWORK DEVELOPED BY THE NETWORK. LEARN MORE AT: HTTP://WWW.VPPARTNERS.ORG/PORTFOLIO/YOUTHCONNECT/LEARNING. IN SEPTEMBER 2012, VPP RELEASED THE FIRST COMPREHENSIVE REPORT OF THE CHALLENGES FACING CHILDREN AND YOUTH THROUGHOUT THE NATIONAL CAPITAL REGION. LEARN MORE AT: HTTP://CAPITALKIDSREPORT.ORG/. IN 2011, VPP FOUNDING CHAIRMAN AUTHORED LEAP OF REASON: MANAGING TO OUTCOMES IN AN ERA OF SCARCITY, PUBLISHED BY VPP. LEARN MORE AT: HTTP://WWW.VPPARTNERS.ORG/LEAPOFREASON/OVERVIEW. |
| FORM 990, PART VI, LINE 11B - FORM 990 REVIEW PROCESS: | VENTURE PHILANTHROPY PARTNERS' (VPP'S) MANAGEMENT GATHERS THE INFORMATION NECESSARY TO COMPLETE FORM 990 AND PROVIDES THAT DATA TO ITS AUDITORS AND TAX ADVISORS TO PREPARE FORM 990. WHEN PREPARATION IS COMPLETE, VPP'S MANAGEMENT AND AUDIT COMMITTEE OF THE BOARD REVIEW THE DRAFT FORM AND PROVIDE FEEDBACK. THE FINAL FORM 990 IS PROVIDED TO THE ENTIRE BOARD BY EMAIL PRIOR TO FILING IT WITH THE INTERNAL REVENUE SERVICE. |
| FORM 990, PART VI, LINE 12C - CONFLICTS OF INTEREST POLICY: | AT THE ANNUAL MEETING EACH YEAR, THE OFFICERS, DIRECTORS AND STAFF ARE PRESENTED WITH THE CONFLICTS OF INTEREST POLICY AND ARE REQUIRED TO DISCLOSE ANY RELEVANT AFFILIATIONS AND POTENTIAL CONFLICTS. IN ADDITION, IF A POTENTIAL CONFLICT EXISTS FOR A VOTING BOARD MEMBER RELATED TO A PARTICULAR INVESTMENT PORTFOLIO ORGANIZATION, THE BOARD MEMBER RECUSES THEMSELVES FROM ANY VOTE/DECISION THAT MAY BE PERCEIVED AS A CONFLICT. |
| FORM 990, PART VI, LINE 15B - DETERMINATION OF COMPENSATION: | On a periodic basis, VPP's compensation structure for the senior team is assessed relative to the market, peer organizations other variables unique to VPP to ensure that the compensation is competitive to draw the talent required to achieve VPP's goals and is in alignment with VPP's overall cost structure. The senior management team had their base salaries established by an independent review in April 2007 conducted by HiRe Expectations. The study was based upon a combination of Economic Research Institute and peer group data. In an effort to conduct a current assessment of market data, VPP has requested the assistance of Keating Advisors, LLC to provide updated benchmark information for three senior positions: President & CEO, Partner, and COO/CFO. |
| FORM 990, PART VI, LINE 19 - AVAILABILITY OF OTHER DOCUMENTS: | VPP DOES NOT REGULARLY PUBLISH ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, OR FINANCIAL STATEMENTS, BUT THE ORGANIZATION MAKES SUCH DOCUMENTS AVAILABLE IF A REQUEST IS MADE BY A MEMBER OF THE PUBLIC. |
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| Software Version: |