Dart-L Foundation
- Assets
- $237.0m
- Revenue
- -$542.2k
- Investments
- $230.6m
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 04/2017
- Data as of
- 12/2022
- 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.
Since 2018, Dart-L Foundation has awarded 55 individual grants totaling $53,211,860. 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 Trustee (term End 1/7/22) | 2 | $0 | |
David Friedman Trustee | 2 | $13,200 | |
Aaron Friedman Trustee | 2 | $13,200 | |
Randy Adler Trustee | 2 | $17,600 | |
David Nagel Trustee | 2 | $17,600 | |
Dan Woods Trustee | 2 | $17,600 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $6,435,314 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$6,979,102 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,591 |
| Total Revenue | -$542,197 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $92,400 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $555,002 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $254,666 |
| Total operating and administrative expenses | $2,399,191 |
| Contributions, gifts, grants paid | $15,763,020 |
| Total expenses and disbursements | $18,162,211 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $6,476,691 |
| 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 | $94,469 |
| Investments—other | $6,485,719 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $237,044,647 |
| 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 | $1,201,000 |
| Total liabilities | $1,201,000 |
Grants Awarded
Over the last fiscal year, Dart-L Foundation has awarded $15,763,020 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
JEWISH COMMUNITY FOUNDATION PURPOSE: PUBLIC SUPPORT OF ORGANIZATION MISSION | $12,763,020 |
FIDELITY CHARITABLE GIFT FUND PURPOSE: PUBLIC SUPPORT OF ORGANIZATION MISSION | $3,000,000 |