2024-11-11T16:16:38-06:00 2023-12-31 910189318 MOSS ADAMS LLP 101 SECOND STREET SUITE 900 SAN FRANCISCO CA 94105 990 2023-01-01 862577635 TELESCOPE FUND TELE 2029711471 1050 CONNECTICUT AVENUE NW 500 WASHINGTON DC 20036 LESLIE PAYNE PRESIDENT 2029711471 2024-11-11 1 0 MICHAEL LUMSDEN P01262236 4159561500 2024-11-06 2023 2024-10-15 13:58:12Z LESLIE PAYNE 1050 CONNECTICUT AVENUE NW 500 WASHINGTON DC 20036 99946254 0 X WWW.TELESCOPEFUND.ORG X 2021 DC PARTNERING WITH DONORS TO EXPAND PHILANTHROPIC GIVING. 4 4 0 5 0 0 30327721 67939363 0 0 109824 1432069 37512 75119 30475057 69446551 29300000 35590849 0 0 7125 0 0 0 0 737848 1615243 30044973 37206092 430084 32240459 2367892 38127793 1794156 5313598 573736 32814195 TELESCOPE FUND PARTNERS WITH DONORS TO EXPAND THEIR PHILANTHROPIC GIVING BY PROVIDING THEM WITH THE TOOLS TO CATALYZE THEIR VISION FOR CHANGE AND SUPPORTING STRATEGIC GRANTMAKING, EFFICIENT OPERATIONS, EXPERT ADVISING, AND INNOVATIVE PROBLEM SOLVING. 0 0 36101094 35590849 0 TELESCOPE FUND MAKES GENERAL AND PROJECT GRANTS TO CHARITABLE ORGANIZATIONS SUPPORTING A WIDE RANGE OF ISSUES, SUCH AS GLOBAL HEALTH, CONSERVATION, SOCIAL JUSTICE, ALLEVIATION OF POVERTY, SCIENTIFIC RESEARCH, DISASTER RECOVERY, EDUCATION, AND THE ARTS. 36101094 1 1 0 0 0 1 0 0 0 0 0 0 0 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 1 0 0 0 1 4 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 4 4 0 1 1 0 1 1 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X ARABELLA ADVISORS 2025951020 1828 L STREET NW SUITE 300 WASHINGTON DC 20036 LESLIE PAYNE PRESIDENT 1.00 0.00 X X 0 0 0 BEN MANGAN SECRETARY 1.00 0.00 X X 0 0 0 MARLA BLOW TREASURER 1.00 0.00 X X 0 0 0 RENEE EYMA DIRECTOR (THROUGH 3/2023) 1.00 0.00 X 0 0 0 DORI KREIGER DIRECTOR 1.00 0.00 X 0 0 0 ANDREW SCHULZ GENERAL COUNSEL 1.00 1.00 X 0 11830 0 0 11830 0 0 0 0 0 ARABELLA ADVISORS LLC 1828 L ST NW SUITE 300 WASHINGTON DC 20036 ADMIN. OPERATIONS AND SUPPORT SERVICES 693750 JUSTICE IMPACT SOLUTIONS LLC 609 MYRTLE AVE STE A BROOKLYN NY 112059996 CONSULTING SERVICES 163335 HOUSE OF TIGERS INC 315 FLATBUSH AVE 399 BROOKLYN NY 11217 CONSULTING SERVICES 143334 3 67939363 30499703 67939363 867235 867235 31064537 30499703 564834 564834 564834 GENERAL ADMIN RETAINER 541900 75000 75000 MISCELLANEOUS REVENUE 900099 119 119 75119 69446551 0 0 1507188 35590849 35590849 1000000 1000000 45883 45883 10250 10250 495000 495000 6763 6733 30 9298 9298 6728 6728 6749 6749 1763 1763 32329 32329 TAXES 480 480 37206092 36101094 1104998 0 2013121 38096481 27050 31312 327721 0 2367892 38127793 13959 13598 1780000 5300000 197 0 1794156 5313598 X 573736 32814195 573736 32814195 2367892 38127793 32240459 0 X 0 1 X 0 0 X 150000 30327721 67939363 98417084 150000 30327721 67939363 98417084 30869433 67547651 109824 867235 977059 37512 75119 112631 99506774 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: GENERAL ADMIN RETAINER - 2022 AMOUNT: $ 37,512. 2023 AMOUNT: $ 75,000. MISCELLANEOUS REVENUE - 2023 AMOUNT: $ 119. SCHEDULE A, PART II: THE ORGANIZATION'S 2021 TAX YEAR WAS A SHORT TAX YEAR. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3 69368374 37101094 32354348 1 1 0 X 69446551 0 69446551 0 69446551 37206092 0 37206092 0 37206092 PART X, LINE 2: TELESCOPE FUND IS EXEMPT FROM FEDERAL AND STATE INCOME TAX UNDER SECTION 501(A) OF THE IRC AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) ON INCOME OTHER THAN UNRELATED BUSINESS INCOME. THE INTERNAL REVENUE SERVICE (IRS) RECOGNIZES TELESCOPE FUND'S STATUS AS A PUBLIC CHARITY ORGANIZATION. TELESCOPE FUND'S INCOME TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES. 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THE ORGANIZATION CONDUCTS A PRE-GRANT INQUIRY TO EVALUATE THE GRANTEE. GRANTS ARE SUBJECT TO WRITTEN GRANT AGREEMENTS THAT IMPOSE REPORTING OBLIGATIONS, REQUIRE FUNDS BE USED SOLELY AS SPECIFIED IN THE PROPOSAL, AND REQUIRE THAT FUNDS BE RETURNED IF NOT SPENT APPROPRIATELY OR IF REPORTS AREN'T FILED AS REQUIRED. ALL GRANTS MUST BE USED FOR EXCLUSIVELY CHARITABLE PURPOSES AND MAY NOT BE USED FOR POLITICAL ACTIVITY, SUCH AS CONTRIBUTING TO A POLITICAL CANDIDATE OR COORDINATING WITH A CANDIDATE'S CAMPAIGN. X 1 30499703 FAIR MARKET VALUE 0 0 0 0 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTIONS RECEIVED, DEFINED AS EACH SEPARATE GIFT, IN SCHEDULE M, PART I, COLUMN (B). FORM 990, PART VI, SECTION A, LINE 3 ARABELLA ADVISORS, A NATIONWIDE CONSULTING FIRM WITH EXPERTISE IN PHILANTHROPY AND NONPROFIT ORGANIZATION MANAGEMENT, PROVIDES MANAGEMENT AND ADMINISTRATIVE SERVICES TO TELESCOPE FUND. ARABELLA ADVISORS ENSURES THAT TELESCOPE FUND COMPLIES WITH FEDERAL, STATE, AND LOCAL REGULATIONS, AND PROVIDES OTHER ADMINISTRATIVE FUNCTIONS FOR TELESCOPE FUND, INCLUDING HR, PAYROLL, AND COMPLIANCE SUPPORT SERVICES SO THAT TELESCOPE CAN FOCUS ENTIRELY ON THEIR PHILANTHROPIC AND CHARITABLE GOALS. FORM 990, PART VI, SECTION A, LINE 4 THE ARTICLES OF INCORPORATION AND BYLAWS WERE AMENDED TO UPDATE THE PURPOSE OF THE ORGANIZATION. PREVIOUSLY, TELESCOPE FUND WAS ORGANIZED AS A TYPE I SUPPORTING ORGANIZATION OF NEW VENTURE FUND, AN ORGANIZTION DESCRIBED IN SECTION 501(C)(3) AND 509(A)(1) OF THE INTERNAL REVENUE CODE; THE ARTICLES OF INCORPORATION AND BYLAWS BOTH INCLUDED LANGUAGE (CONSISTENT WITH THE REQUIREMENTS OF TYPE I SUPPORTING ORGANIZATIONS) INDICATING TELESCOPE FUND WAS "...ORGANIZED, AND AT ALL TIMES HEREAFTER SHALL BE OPERATED, EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, OR TO CARRY OUT THE PURPOSES OF NEW VENTURE FUND." THE AMENDMENTS TO THE ARTICLES OF INCORPORATION AND BYLAWS OF TELESCOPE FUND REMOVES THE LANGUAGE INDICATING TELESCOPE FUND IS A SUPPORTING ORGANIZATION OF NEW VENTURE FUND, AS TELESCOPE FUND INTENDS TO OPERATE AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) AND 509(A)(1) OF THE INTERNAL REVENUE CODE. FORM 990, PART VI, SECTION A, LINE 6 TELESCOPE FUND DOES NOT HAVE "MEMBERS" BY DEFINITION OF THE BYLAWS; HOWEVER, THE FORM 990 INSTRUCTIONS FURTHER DEFINES A "MEMBER" AS ANY PERSON (INCLUDING A CORPORATION OR OTHER LEGAL ENTITY) WHO HAS THE RIGHT TO ELECT MEMBERS OF THE GOVERNING BODY. ACCORDINGLY, TELESCOPE FUND HAS ONE MEMBER WITH THE POWER TO ELECT MEMBERS OF THE BOARD OF DIRECTORS: NEW VENTURE FUND. FORM 990, PART VI, SECTION A, LINE 7A NEW VENTURE FUND HAS THE POWER TO APPOINT AT LEAST A MAJORITY OF TELESCOPE FUND'S BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B UPON RECEIPT OF THE COMPLETED FORM 990 FROM TELESCOPE FUND'S INDEPENDENT TAX ACCOUNTANT, THE ORGANIZATION'S MANAGEMENT AND LEGAL COUNSEL REVIEWS A DRAFT OF THE FORM; ADJUSTMENTS ARE MADE, AS NECESSARY. TELESCOPE FUND THEN SENDS THE COMPLETED FORM 990 TO ALL MEMBERS OF THE BOARD OF DIRECTORS FOR REVIEW AND COMMENT AND, UPON ADDRESSING ALL COMMENTS, THE FORM 990 IS FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C ALL PERSONS COVERED BY THE ORGANIZATION'S CONFLICT OF INTEREST POLICY (WHICH INCLUDE ALL DIRECTORS AND OFFICERS) ARE REQUIRED TO DECLARE CONFLICTS OF INTEREST ANNUALLY. COVERED INDIVIDUALS CANNOT VOTE ON MATTERS BEFORE THE BOARD WHEN THEY HAVE A CONFLICT IN THE MATTER. DISINTERESTED MEMBERS MUST DETERMINE WHETHER OR NOT THERE ARE ANY SUITABLE ALTERNATIVES TO POTENTIAL TRANSACTIONS THAT CAUSE CONFLICT. IF A COVERED PERSON IS FOUND TO BE IN VIOLATION OF THIS POLICY, IT MAY BE CAUSE FOR REMOVAL FROM THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION DID NOT COMPENSATE A TOP MANAGEMENT OFFICIAL, OFFICER, OR KEY EMPLOYEE DURING 2023. FORM 990, PART VI, SECTION C, LINE 19 CURRENTLY, TELESCOPE FUND DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC, EXCEPT TO THE EXTENT INCLUDED IN THE APPLICATION FOR EXEMPT STATUS, WHICH IS PUBLICLY AVAILABLE. NEW VENTURE FUND 1828 L STREET NW SUITE 300-A WASHINGTON DC 20036 205806345 TO SUPPORT INNOVATIVE AND EFFECTIVE PUBLIC INTEREST PROJECTS DC 501(C)(3) LINE 7 N/A 0 POSTSECONDARY NATIONAL POLICY INSTITUTE 1828 L STREET NW SUITE 300-E WASHINGTON DC 20036 474374655 PROFESSIONAL DEVELOPMENT FOR POLICYMAKERS WORKING ON HIGHER EDUCATION ISSUES DC 501(C)(3) LINE 12A, I NEW VENTURE FUND 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0