Daro Foundation Inc
- Assets
- $2.8m
- Revenue
- $690.3k
- Investments
- $2.7m
- Employees
- 0
- Location
- Menlo Park, CA
- Founding
- 12/1966
- Data as of
- 12/2022
- EIN
- 13-6210464
Organization Overview
Daro Foundation Inc is located in Menlo Park, CA. The organization was established in 1966. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Daro Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Daro Foundation Inc generated $690.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (8.5%) each year. All expenses for the organization totaled $158.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Daro Foundation Inc has awarded 46 individual grants totaling $569,885. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert E Filman President | 4 | $0 | |
Rebecca Macdonald Secretary | 1 | $0 | |
Elisa A Filman Treasurer | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $587,485 |
| Interest on Savings | $15,235 |
| Dividends & Interest | $83,238 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$3,093 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $7,476 |
| Total Revenue | $690,341 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,958 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $52,616 |
| Total operating and administrative expenses | $101,984 |
| Contributions, gifts, grants paid | $56,600 |
| Total expenses and disbursements | $158,584 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $74,747 |
| Savings and temporary cash investments | $27,994 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $344,457 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,841,382 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Daro Foundation Inc has awarded $56,600 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
JUNIPER FOUNDATION PURPOSE: GENERAL OPERATIONS | $600 |
HUMBLE DESIGN PURPOSE: GENERAL OPERATIONS | $15,000 |
TEMPLE SHIR TIKVA PURPOSE: GENERAL OPERATIONS | $6,000 |
PLANNED PARENTHOOD OF MASSACHUSETTS PURPOSE: GENERAL OPERATIONS | $10,000 |
SAN JOSE BALLET PURPOSE: GENERAL OPERATIONS | $5,000 |
CONGREGATION BETH ISRAEL PURPOSE: GENERAL OPERATIONS | $5,000 |