Draper Richards Kaplan Foundation
- Assets
- $48.4m
- Revenue
- $11.1m
- Investments
- $27.8m
- Employees
- 0
- Location
- Menlo Park, CA
- Founding
- 07/2002
- Data as of
- 12/2022
- EIN
- 91-2172351
Organization Overview
Draper Richards Kaplan Foundation is located in Menlo Park, CA. The organization was established in 2002. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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. Draper Richards Kaplan 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, Draper Richards Kaplan Foundation generated $11.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (10.8%) each year. All expenses for the organization totaled $15.1m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Draper Richards Kaplan Foundation has awarded 149 individual grants totaling $11,525,000. 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
IN 2022, THE FOUNDATION FUNDED 52 SOCIAL ENTERPRISE ORGANIZATIONS CREATING SOCIAL CHANGE AROUND THE GLOBE THROUGH PROGRAM RELATED INVESTMENTS AND/OR UNRESTRICTED GRANTS.
THE FOUNDATION PROVIDES EACH PORTFOLIO ORGANIZATION WITH SIGNIFICANT HUMAN AND OTHER SUPPORT SERVICES INCLUDING BOARD SERVICE, STRATEGIC AND OPERATING SUPPORT, FINANCIAL, ORGANIZATIONAL, GOVERNANCE AND LEADERSHIP TRAINING AND A HOST OF OTHER CRITICAL NETWORK AND OTHER SUPPORT THROUGHOUT THE FOUNDATION'S THREE-YEAR COMMITMENT TO EACH ORGANIZATION. BETWEEN INCEPTION AND DECEMBER 31, 2022, DRK HAS FUNDED AND SUPPORTED 220 SOCIAL IMPACT ORGANIZATIONS AROUND THE GLOBE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William H Draper III Co-Chair | 8 | $0 | |
Robin Richards Donohoe Co-Chair | 8 | $0 | |
Robert S Kaplan Co-Chair | 8 | $0 | |
James Bildner Chief Executive Officer | 50 | $478,200 | |
Zeryn Sarpangal Chief Financial Officer | 50 | $264,425 | |
Stephanie Khurana Chief Operating Officer | 50 | $405,435 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Aim For Social Change | 12/30/22 | $239,999 |
Myazimia Services Ltd | 12/30/22 | $394,710 |
Stanton Chase | 12/30/22 | $189,200 |
Ellis Kirk Group | 12/30/22 | $100,800 |
Frank Recruitment Group Inc | 12/30/22 | $68,595 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $9,123,901 |
| Interest on Savings | $1,111,820 |
| Dividends & Interest | $0 |
| Net Rental Income | $181,433 |
| Net Gain on Sale of Assets | $663,018 |
| Capital Gain Net Income | $1,997,227 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$84 |
| Total Revenue | $11,080,088 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,381,637 |
| Other employee salaries and wages | $3,648,787 |
| Pension plans, employee benefits | $1,844,846 |
| Interest | $0 |
| Taxes | $62,291 |
| Depreciation | $14,315 |
| Occupancy | $846,346 |
| Travel, conferences, and meetings | $507,712 |
| Printing and publications | $2,758 |
| Other expenses | $1,709,501 |
| Total operating and administrative expenses | $11,589,762 |
| Contributions, gifts, grants paid | $3,500,000 |
| Total expenses and disbursements | $15,089,762 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,781,550 |
| Savings and temporary cash investments | $153,380 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $10,585,135 |
| 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 | $215,590 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $328,226 |
| Net Land, buildings, and equipment | $65,841 |
| Other assets | $6,821,595 |
| Total assets | $48,438,455 |
| Accounts payable and accrued expenses | $994,331 |
| Grants payable | $150,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $2,066,835 |
| Total liabilities | $3,211,166 |
Grants Awarded
Over the last fiscal year, Draper Richards Kaplan Foundation has awarded $3,500,000 in support to 49 organizations.
| Grant Recipient | Amount |
|---|---|
ABSOLUTE RETURN FOR KIDS (DBA PEEPUL) PURPOSE: GENERAL OPERATING SUPPORT | $100,000 |
ACCELERATOR FOR AMERICA PURPOSE: GENERAL OPERATING SUPPORT | $50,000 |
ACCESSOS PURPOSE: GENERAL OPERATING SUPPORT | $50,000 |
AMANI GLOBAL WORKS PURPOSE: GENERAL OPERATING SUPPORT | $100,000 |
AMERICAN JOURNALISM PROJECT PURPOSE: GENERAL OPERATING SUPPORT | $100,000 |
AMERICAN UNIVERSITY PURPOSE: PROJECT: POLARIZATION & EXTREMISM RESEARCH INNOVATION LAB | $50,000 |