Droga Family Foundation
- Assets
- $28.9k
- Revenue
- $390.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Beverly Hills, CA
- Founding
- 06/2019
- Data as of
- 12/2022
- EIN
- 82-4229905
Organization Overview
Droga Family Foundation is located in Beverly Hills, CA. The organization was established in 2019. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Droga Family 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 12/2022, Droga Family Foundation generated $390.6k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $336.7k during the year ending 12/2022. While expenses have increased by 1.3% per year over the past 5 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Droga Director | 5 | $0 | |
Marisa Droga Director | 5 | $0 | |
Finn Gabriel Vega Droga Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $388,148 |
| Interest on Savings | $158 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,341 |
| Capital Gain Net Income | $2,341 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $390,647 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $558 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,038 |
| Total operating and administrative expenses | $1,671 |
| Contributions, gifts, grants paid | $335,000 |
| Total expenses and disbursements | $336,671 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$255 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $29,147 |
| Total assets | $28,892 |
| 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, Droga Family Foundation has awarded $335,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
NEW MUSEUM OF CONTEMPORARY ART PURPOSE: TO FUND THE CUTTING -EDGE EXHIBITIONS AND PROGRAMS AND TO FULFILL FY2022 TRUSTEE DUES COMMITMENT WITH THE NEW MUSEUM OF CONTEMPORARY ART. | $90,000 |
CHARITIES AID FOUNDATION AMERICA PURPOSE: TO BE APPLIED TO THE ART GALLERY OF NEW SOUTH WALES FRIENDS FUND. | $245,000 |