2023-04-25T15:15:31-05:00 2022-12-31 410746749 CLIFTONLARSONALLEN LLP 220 S 6TH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2022-01-01 814476503 VENN FOUNDATION VENN 6125683204 1900 BOHLAND AVENUE SAINT PAUL MN 55116 JEFF OCHS PRESIDENT & CEO 6125683204 2023-04-24 JEFF OCHS 999009999 0 MACKENZIE MCNAUGHTON P02025805 6123764500 2023-04-24 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z JEFF OCHS 1900 BOHLAND AVENUE SAINT PAUL MN 55116 8859308 0 X WWW.VENNFOUNDATION.ORG X 2016 MN TO UNLEASH THE FULL POWER OF PROGRAM-RELATED INVESTMENTS TO ACHIEVE CHARITABLE IMPACT. 8 7 3 13 0 0 5045894 8428904 209627 430290 77 114 630 0 5256228 8859308 222000 121500 0 0 121260 178146 0 0 40443 1169184 1791985 1512444 2091631 3743784 6767677 9147471 15660826 1264651 1275329 7882820 14385497 TO UNLEASH THE FULL POWER OF PROGRAM-RELATED INVESTMENTS TO ACHIEVE CHARITABLE IMPACT. 0 0 1959425 121500 430290 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. 1959425 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 8 7 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 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 85250 0 0 ROBERT SCARLETT BOARD CHAIR 5.00 X X 0 0 0 RAMYA RAUF BOARD TREASURER 5.00 X X 0 0 0 JACLYN SCHROEDER DIRECTOR 5.00 X 0 0 0 MICHAEL DAI DIRECTOR 5.00 X 0 0 0 SUSAN SANDS DIRECTOR 5.00 X 0 0 0 JEANNE VOIGT DIRECTOR 5.00 X 0 0 0 MILLIE ACAMOVIC DIRECTOR 5.00 X 0 0 0 85250 0 0 0 0 0 0 0 8428904 4090771 8428904 PRI ACCRUED INTEREST 523000 293616 293616 PRI CLOSING FEES 523000 136224 136224 OTHER PROGRAM REVENUE 900099 450 450 430290 114 114 8859308 430290 0 114 121500 121500 85250 34100 25575 25575 80000 62900 16425 675 12896 7538 3324 2034 6013 6013 10041 10041 1048 1048 3440 115 3325 21422 242 21108 72 600 600 535 300 235 8693 8693 CONTRIBUTIONS FROM PRIS 1728762 1728762 MISCELLANEOUS 9286 2920 2437 3929 CLIENT DEVELOPMENT 2145 2145 2091631 1959425 91763 40443 3175823 2115965 275000 0 107129 317880 8920 12729 5580599 13214252 9147471 15660826 14651 25329 1250000 1250000 1264651 1275329 X 7632820 14185497 250000 200000 7882820 14385497 9147471 15660826 X 6767677 -265000 X X 0 1 X 1 0 X 847233 998801 2728268 5045894 8428904 18049100 847233 998801 2728268 5045894 8428904 18049100 10291825 7757275 7255 6489 77 114 13935 18063035 891363 0.42950 0.52520 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 1 1200 0 0 0 0 0 1200 0 PART II-B, LINE 1: IN 2022, 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. 85 8277421 107500 14748421 1 1 0 FAMILY TREE, INC. 105000 C REFLECTION SCIENCES, INC. 50100 C FAIR ANITA 148330 C MN CHILDREN'S MUSEUM 115955 C GOLDEN PATH SOLUTIONS 100500 C YARDHOMES 352038 C EMERGE ENTERPRISES 125000 C NEIGHBORHOOD DEVELOPMENT CENTER 335458 C ARCTARIS SADDLEBACK 4207753 C MAA LOAN FUND - 2021 110147 C TECH DUMP 181534 C TRI-CONSTRUCTION 227500 C BETTER FUTURE FORWARD 400000 C LUTUNJI'S PALATE 84000 C PROSERVA 100000 C ACTARIS SADDLEBACK-WORKFORCE HOUSING 1512000 C MAA LOAN FUND - 2022 1019469 C KINDLY TECH 77597 C GLOBAL WATER FIRST 136100 C CLOSED LOOP FUND, LP 3825771 F 13214252 X 8594308 -265000 -265000 8859308 0 8859308 2091631 0 2091631 0 2091631 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 0 YOUTHPRISE 3001 BROADWAY ST NE SUITE 330 MINNEAPOLIS MN 55413 274126970 501 (C)(3) 14000 0 N/A N/A MINNESOTA AFTERSCHOOL ADVANCE THRIVENT CHARITABLE PO BOX 8072 APPLETON WI 549128072 411802412 501 (C)(3) 107500 0 N/A N/A CHARITABLE PURPOSES X 1 4090771 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 2022, THE BOARD EXECUTIVE COMMITTEE WAS COMPRISED OF THE BOARD CHAIR, THE PRESIDENT/CEO/SECRETARY, AND A THIRD BOARD DIRECTOR WHO WAS NOT THE BOARD TREASURER. 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 15A USING THE COUNCIL ON FOUNDATION'S 2022 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. 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 -265,000. PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.