Rippleworks Inc
- Assets
- $1.1b
- Revenue
- $34.9m
- Investments
- $1.1b
- Employees
- 0
- Location
- Redwood City, CA
- Founding
- 09/2015
- Data as of
- 04/2021
- EIN
- 46-5604812
Organization Overview
Rippleworks Inc is located in Redwood City, CA. The organization was established in 2015. According to its NTEE Classification (Q30) the organization is classified as: International Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rippleworks 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 04/2021, Rippleworks Inc generated $34.9m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 31.3% each year . All expenses for the organization totaled $13.1m during the year ending 04/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Rippleworks Inc has awarded 165 individual grants totaling $53,788,578. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
RIPPLEWORKS UNLOCKS THE POTENTIAL OF IMPACT-FOCUSED ENTREPRENEURS TO IMPROVE LIVES AND BELIEVES THAT THESE ENTREPRENEURS ARE CRITICAL TO SOLVING THE TOUGHEST CHALLENGES OF OUR TIME. HOWEVER, THEY NEED PRACTICAL SUPPORT, GROUNDED IN EXPERIENCE. THAT IS WHY RIPPLEWORKS PARTNERS WITH ENTREPRENEURS TO IDENTIFY A CRITICAL CHALLENGE, PROVIDES AN EXPERT WHO KNOWS HOW TO SOLVE IT, AND MANAGES THE PROJECT WITH UNCOMPROMISING COMMITMENT.
IMPACT INVESTMENTS
INSIGHTS & MARKETING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Doug Galen President/ceo | 40 | $692,921 | |
Tim Kunihiro Managing Director, V | 40 | $277,193 | |
Ayesha Wagle Head Of Investments | 40 | $241,308 | |
Sarah Burch Senior Portfolio Man | 40 | $230,034 | |
Sung Hae Kim Chief People Person | 40 | $204,060 | |
Pradeep Suthram Venture Growth Direc | 40 | $199,567 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Davis Polk & Wardwell Llp | 4/29/21 | $78,388 |
Bpm Llp | 4/29/21 | $81,475 |
Forshay Inc | 4/29/21 | $133,185 |
Davis Wright Tremaine Llp | 4/29/21 | $104,538 |
Ground Floor Public Affairs | 4/29/21 | $120,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $234,000 |
| Interest on Savings | $1,313,654 |
| Dividends & Interest | $162,726 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $32,770,168 |
| Capital Gain Net Income | $53,458,119 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $462,156 |
| Total Revenue | $34,942,704 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $733,986 |
| Other employee salaries and wages | $3,145,492 |
| Pension plans, employee benefits | $356,390 |
| Interest | $0 |
| Taxes | $1,010,744 |
| Depreciation | $47,745 |
| Occupancy | $427,800 |
| Travel, conferences, and meetings | $163 |
| Printing and publications | $432 |
| Other expenses | $873,642 |
| Total operating and administrative expenses | $8,149,609 |
| Contributions, gifts, grants paid | $4,930,007 |
| Total expenses and disbursements | $13,079,616 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,359,156 |
| Savings and temporary cash investments | $4,225,688 |
| 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 | $342,805 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,111,224,304 |
| Net Land, buildings, and equipment | $43,146 |
| Other assets | $10,353,062 |
| Total assets | $1,127,548,161 |
| Accounts payable and accrued expenses | $94,056 |
| Grants payable | $6,683,333 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $12,550,249 |
| Total liabilities | $19,327,638 |
Grants Awarded
Over the last fiscal year, Rippleworks Inc has awarded $6,746,674 in support to 78 organizations.
| Grant Recipient | Amount |
|---|---|
San Francisco, CA PURPOSE: GENERAL SUPPORT | $1,500,000 |
Portland, OR PURPOSE: TO IMPROVE ACCESS TO AND USE OF RESPONSIBLE FINANCIAL SERVICES TO DRIVE FINANCIAL INCLUSION FOR UNDERSERVED POPULATIONS. | $1,400,000 |
Palo Alto, CA PURPOSE: GENERAL SUPPORT | $600,000 |
ARMMAN FCRA PURPOSE: GENERAL SUPPORT | $500,000 |
VOTE RUN LEAD PURPOSE: FOR ITS WORK PREPARING UNDERREPRESENTED MINORITIES TO ENTER GOVERNMENT OFFICE. | $440,000 |
ONE ACRE FUND US PURPOSE: GENERAL SUPPORT | $400,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Rippleworks Inc has recieved totaling $90,000.
| Awarding Organization | Amount |
|---|---|
Silicon Valley Community Foundation Mountain View, CA PURPOSE: International Development | $90,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Living Goods Oakland, CA | $25,335,492 | $27,387,443 |
Transfair Usa Oakland, CA | $19,057,567 | $24,006,067 |
Hope Worldwide Ltd San Diego, CA | $8,639,959 | $19,582,305 |
World Emergency Relief San Dimas, CA | $1,123,706 | $17,740,144 |
Rippleworks Inc Redwood City, CA | $1,127,548,161 | $34,942,704 |
Project Concern International San Diego, CA | $10,331,948 | $12,210,235 |
Muso Inc San Francisco, CA | $26,014,068 | $28,737,104 |
Surgical Eye Expeditions International Inc Santa Barbara, CA | $14,555,876 | $8,599,014 |
Volunteers For Interamerican Development Assistance Berkeley, CA | $167,273 | $11,297,919 |
Id Insight Inc San Francisco, CA | $38,189,012 | $28,897,820 |
Seva Foundation Berkeley, CA | $35,516,078 | $12,363,938 |
Peking University Education Foundation Usa San Mateo, CA | $72,899,671 | $11,690,196 |