Dart-L Foundation
- Assets
- $255.4m
- Revenue
- $40.3m
- Investments
- $237.4m
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 04/2017
- Data as of
- 12/2021
- EIN
- 36-7700006
Organization Overview
Dart-L Foundation is located in Los Angeles, CA. The organization was established in 2017. 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. Dart-L Foundation 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 12/2021, Dart-L Foundation generated $40.3m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 15.1% each year . All expenses for the organization totaled $15.5m during the year ending 12/2021. While expenses have increased by 3.7% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Dart-L Foundation has awarded 53 individual grants totaling $37,448,840. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jacob Friedman President | 5 | $0 | |
Lea Friedman Vice President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $10,000,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $7,245,899 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $23,034,193 |
| Capital Gain Net Income | $23,034,193 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,398 |
| Total Revenue | $40,281,490 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $2,012 |
| Taxes | $548,865 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $20,876 |
| Total operating and administrative expenses | $2,125,116 |
| Contributions, gifts, grants paid | $13,406,170 |
| Total expenses and disbursements | $15,531,286 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $18,034,503 |
| 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 | $137,204 |
| Investments—other | $574,268 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $255,386,011 |
| 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, Dart-L Foundation has awarded $13,406,170 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
JEWISH COMMUNITY FOUNDATION PURPOSE: PUBLIC SUPPORT OF ORGANIZATION MISSION | $6,900,000 |
Brooklyn, NY PURPOSE: PUBLIC SUPPORT OF ORGANIZATION MISSION | $4,000,000 |
Los Angeles, CA PURPOSE: PUBLIC SUPPORT OF ORGANIZATION MISSION | $2,000,000 |
NER ISRAEL RABBINCAL COLLEGE PURPOSE: PUBLIC SUPPORT OF ORGANIZATION MISSION | $200,000 |
Northridge, CA PURPOSE: PUBLIC SUPPORT OF ORGANIZATION MISSION | $100,000 |
West Hills, CA PURPOSE: PUBLIC SUPPORT OF ORGANIZATION MISSION | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Stupski Foundation San Francisco, CA | $0 | $134,835,311 |
Wayne & Gladys Valley Charitable Foundation Oakland, CA | $270,742,115 | $3,705,667 |
The Marisla Foundation Laguna Beach, CA | $26,534,095 | $36,043,209 |
Craig H Neilsen Foundation Encino, CA | $489,570,251 | $30,946,732 |
Prostate Cancer Foundation Santa Monica, CA | $62,542,873 | $53,016,750 |
L K Whittier Foundation Pasadena, CA | $0 | $1,423,590 |
Sunlight Giving Palo Alto, CA | $510,624,261 | $22,845,227 |
Ralph M Parsons Foundation Los Angeles, CA | $469,540,445 | $59,827,202 |
Aramont Charitable Foundation Los Angeles, CA | $20,309,665 | $851,850 |
Capital Group Companies Charitable Foundation Irvine, CA | $396,511,503 | $49,953,906 |
Vera R Campbell Foundation Los Angeles, CA | $7,174,886 | $467,590 |
Resnick Foundation Los Angeles, CA | $16,158,618 | $25,090,034 |