2014-11-14T08:40:17-06:00 2014-03-31 BDO USA LLP 8405 GREENSBORO DRIVE 7TH FLOOR MCLEAN VA 22102 990 2013-04-01 311713618 VENTURE PHILANTHROPY PARTNERS Inc % ELEANOR RUTLAND VENT 2022634790 1201 15TH STREET NW Suite 510 WASHINGTON DC 20005 Eleanor L Rutland Chief Operating Officer 7038930600 2014-11-13 true Jeffrey J Schragg P00234543 7038930600 2013 2015-11-30 17:44:51Z CAROL THOMPSON COLE 1201 15TH STREET NW STE 510 WASHINGTON DC 20005 17109076 false X WWW.VPPARTNERS.ORG X 2000 DE PROVIDES GROWTH CAPITAL & STRATEGIC ASSISTANCE TO BUILD, STRENGTHEN, & SCALE HIGH POTENTIAL COMMUNITY- BASED ORGS SERVING THE NEEDS OF CHILDREN OF LOW-INCOME FAMILIES. 21 20 17 24 0 4225387 4876543 0 0 141088 84979 0 0 4366475 4961522 5859292 6069084 0 0 2387668 2516618 0 0 541107 1385667 749553 9632627 9335255 -5266152 -4373733 21340531 17408659 657047 1125653 20683484 16283006 X MISSION: 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 NATIONAL CAPITAL 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: VENTURE PHILANTHROPY PARTNERS, INC. (VPP) WAS INCORPORATED ON MAY 23, 2000, IN THE STATE OF DELAWARE. VPP, A NONPROFIT PHILANTHROPIC INVESTMENT ORGANIZATION, PROVIDES GROWTH CAPITAL false false 6069084 6069084 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. 1545293 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. 857650 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 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-c apital-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 network. LEARN MORE AT: LEARN MORE AT: http://www.vppartners.org/portfolio/youthconnect/learning. In September 2012, VPP released the first comprehensive report of challenges facing children and youth throughout the National Capital Region. LEARN MORE AT: http://capitalkidsreport.org/. In 2011, VPP 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. 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 network. LEARN MORE AT: LEARN MORE AT: http://www.vppartners.org/portfolio/youthconnect/learning. 8472027 true true false false false false false false false false true false false false false true true false false false false false false false false false false true false true false false false false false false false false false false false false false false false false false true 19 0 true 17 true false false false false false false false false false false X 21 20 false false false false false false false true true false false true true true true true true true true false X ELEANOR RUTLAND 2022634790 1201 15TH STREET NW STE 510 WASHINGTON DC 20005 CAROL THOMPSON COLE PRESIDENT, CEO AND DIRECTOR 40.0 X X 311013 0 987 ROBERT BOISTURE DIRECTOR 1.0 X 0 0 0 DAVID BRADT DIRECTOR 1.0 X 0 0 0 JACK DAVIES TREASURER AND DIRECTOR 1.0 X X 0 0 0 WILLIAM DUNBAR DIRECTOR 1.0 X 0 0 0 KRISTIN EHRGOOD DIRECTOR 1.0 X 0 0 0 RAUL FERNANDEZ DIRECTOR 1.0 X 0 0 0 MICHELE HAGANS DIRECTOR 1.0 X 0 0 0 david joubran vice chairman 1.0 X 0 0 0 frank laprade iii chairman 1.0 X 0 0 0 ART MARKS DIRECTOR 1.0 X 0 0 0 MARIO MORINO FOUNDING CHAIR 1.0 X 0 0 0 BRIG OWENS DIRECTOR 1.0 X 0 0 0 LES SILVERMAN DIRECTOR 1.0 X 0 0 0 ED SKLOOT DIRECTOR 1.0 X 0 0 0 GABRIELA SMITH DIRECTOR 1.0 X 0 0 0 EARL STAFFORD DIRECTOR 1.0 X 0 0 0 ROBERT TEMPLIN DIRECTOR 1.0 X 0 0 0 EUGENE STEUERLE DIRECTOR 1.0 X 0 0 0 KAREN SCHAUFELD DIRECTOR 1.0 X 0 0 0 CLIFF WHITE DIRECTOR 1.0 X 0 0 0 ELEANOR RUTLAND INV DIR, SECR, ASST TREAS, COO 40.0 X 207643 0 23857 SHIRLEY MARCUS ALLEN PARTNER, EXTERNAL RELATIONS 40.0 X 196737 0 24812 AYO ATTERBERRY DIR, OUTCOMES & ASSESSMENT 40.0 X 105656 0 1240 MARCI YOUNG PARTNER 40.0 X 180820 0 14113 LESLIE AUN VICE PRESIDENT, COMMUNICATIONS 40.0 X 121637 0 5844 MARC SCHINDLER PARTNER 40.0 X 196635 0 19365 1320141 0 90218 9 false true false Child Trends 7315 WISCONSIN AVENUE BETHESDA MD 20814 EVAL CONSULTING 132647 1 1572173 3304370 4876543 0 29833 29833 0 0 0 0 0 12202700 12147554 55146 55146 55146 0 0 0 0 4961522 84979 6069084 6069084 0 0 0 0 0 0 544000 311051 157697 75252 0 0 0 0 1325347 757805 384203 183339 16323 9336 4730 2257 504329 288443 146146 69740 126619 72418 36692 17509 0 0 0 0 4014 0 4014 0 36688 0 36688 0 0 0 0 0 0 0 0 0 0 0 242229 217572 0 24657 0 0 0 0 29986 1290 28503 193 0 0 0 0 0 0 0 0 256423 146657 74307 35459 64445 45426 13098 5921 0 0 0 0 16291 16291 0 0 46 0 46 0 0 0 0 0 32216 0 32216 0 8523 0 8523 0 MEMBERSHIP DUES 15515 15515 INDIRECT ALLOCATION EXPENSES 490476 -609063 118587 RESOURCE DEVELOPMENT 20911 12754 8157 EVENTS/CONVENINGS 15218 15218 7048 2691 4321 36 9335255 8472027 322121 541107 72804 51418 4724540 4374863 3771201 4495020 397748 469574 0 0 0 0 0 0 0 0 595 595 201097 86544 146045 114553 12161947 7850781 0 0 0 0 0 0 65651 51855 21340531 17408659 501807 975491 0 0 155240 150162 0 0 0 0 0 0 0 0 0 0 0 0 657047 1125653 X 18392250 13156578 2291234 3126428 0 0 20683484 16283006 21340531 17408659 X -4373733 -26745 X false true X true true true X 2653662 3992331 3653734 4225387 4876543 19401657 0 0 2653662 3992331 3653734 4225387 4876543 19401657 3860416 15541241 231505 266006 132135 136785 29833 796264 0 0 20197921 0.76945 0.70224 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 128476 35362 93114 31514 26983 4351 41107 24198 16908 114554 0 0 4934777 -26745 -26745 4961522 4961522 9335255 9335255 9335255 FIN 48 FORM 990, SCHEDULE D, PART X, LINE 2 VPP IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC) AND FROM DISTRICT OF COLUMBIA FRANCHISE TAX UNDER APPLICABLE TAX REGULATIONS. VPP IS NOT A PRIVATE ORGANIZATION PURSUANT TO SECTION 509(A)(1) OF THE IRC. In accordance with authoritative guidance issued by the Financial Accounting Standards Board (the FASB), VPP recognizes the effect of income tax positions only if those positions are more likely than not of being sustained. To the extent that the final tax outcome of any such matters is different than any amounts recorded, such differences would impact income tax expense in the period in which such determination is made. Interest and penalties, if any, related to accrued liabilities for potential tax assessments are included in income tax expense. With few exceptions, VPP is no longer subject to income tax examinations by the U.S. federal, state or local tax authorities for years ended March 31, 2009 and prior. Management has evaluated VPP's tax positions and has concluded that VPP has taken no material uncertain tax positions that require adjustment to the financial statements to comply with the provisions of this guidance. true Year Up 1901 S bell st ste 100 arlington VA 22202 043534407 501(c)(3) 1058531 FUND INITIATIVES KIPP DC 1003 K St NW ste 700 washington DC 20001 742974642 501(c)(3) 1426063 FUND INITIATIVES LATIN AMERICAN YOUTH CENTER 1419 COLUMBIA RD NW WASHINGTON DC 20009 521023074 501(C)(3) 479289 FUND INITIATIVES Urban Alliance 2030 Q Street NW washington DC 20036 521938443 501(c)(3) 822930 FUND INITIATIVES College Summit 1763 columbia rd nw washington DC 20009 522007028 501(c)(3) 228375 FUND INITIATIVES Metro TeenAIDS 651 PENN AVE SE WASHINGTON DC 20003 521610088 501(C)(3) 313301 FUND INITIATIVES APPLE TREE INSTITUTE 415 MICHIGAN AVE NE WASHINGTON DC 20017 043331760 501(c)(3) 508000 FUND INITIATIVES HILLSIDE WORK SCHOLARSHIP CONNECTION 6305 IVY LANE SUITE 420 GREENBELT MD 20770 161453581 501(c)(3) 230168 FUND INITIATIVES 8 Monitoring the use of grants - FORM 990, SCHEDULE I, PART I, LINE 2 VPP monitors the use of grant funds on a quarterly basis for traditional VPP CAPACITY INVESTMENTS AND MONTHLY FOR THE YOUTHCONNECT INVESTMENT (WHICH REQUIRES MONITORING ON A MONTHLY BASIS RELATED TO OUR FEDERAL AWARD). THIS PRACTICE ENSURES That funds Are used to advance the mutually agreed upon milestones that are a part of the investment agreement with the portolio organization. X X X X X X false false false false false false false false false CAROL THOMPSON COLE PRESIDENT, CEO AND DIRECTOR 311013 0 0 0 0 0 0 0 0 0 311013 0 ELEANOR RUTLAND INV DIR, SECR, ASST TREAS, COO 206643 0 0 0 1000 0 22500 0 1357 0 231500 0 SHIRLEY MARCUS ALLEN PARTNER, EXTERNAL RELATIONS 195737 0 0 0 1000 0 21800 0 3012 0 221549 0 MARCI YOUNG PARTNER 179820 0 0 0 1000 0 13333 0 780 0 194933 0 MARC SCHINDLER PARTNER 195635 0 0 0 1000 0 15000 0 4365 0 216000 0 CONFLICT OF INTEREST FORM 990, PART VI, LINE 12C AT THE ANNUAL MEETING EACH YEAR, THE OFFICERS, DIRECTORS AND KEY 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 REVIEW PROCESS FORM 990, PART VI, LINE 11B 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. AVAILABILITY OF OTHER DOCUMENTS FORM 990, PART VI, LINE 19 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. PROCESS FOR DETERMINING COMPENSATION FORM 990, PART VI, LINE 15B IN FEBRUARY 2007, VPP ENGAGED AN INDEPENDENT COMPENSATION CONSULTANT TO PERFORM A STUDY OF THE REASONABLENESS OF COMPENSATION PAID TO THE PRESIDENT/CEO AND OTHER SENIOR STAFF. THE STUDY INCLUDED A COMPARISON OF VPP TO PEER ORGANIZATIONS AND WAS PERFORMED IN SUCH A WAY AS TO MEET THE REBUTTABLE PRESUMPTION OF REASONABLE COMPENSATION STANDARD. THE COMPENSATION COMMITTEE OF THE BOARD REVIEWED THE STUDY, AND THE FULL BOARD APPROVED OF THE STUDY AND AGREED UPON COMPENSATION. THE PARAMETERS / GUIDELINES OF THE 2007 STUDY HAVE BEEN MAINTAINED OVER THE YEARS. MANAGEMENT PARTICIPATES IN PERIODIC PEER SURVEYS TO CONFIRM SENIOR STAFF SALARY LEVELS. THE BOARD REVIEWS AND APPROVES THE PRESIDENT/CEO'S COMPENSATION ON AN ANNUAL BASIS.