Draper Richards Kaplan Foundation
- Assets
- $54.2m
- Revenue
- $29.4m
- Investments
- $30.5m
- Employees
- 0
- Location
- Menlo Park, CA
- Founding
- 07/2002
- Data as of
- 12/2021
- 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 12/2021, Draper Richards Kaplan Foundation generated $29.4m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 12.5% each year . All expenses for the organization totaled $13.7m during the year ending 12/2021. While expenses have increased by 20.4% per year over the past 3 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 2020, Draper Richards Kaplan Foundation has awarded 100 individual grants totaling $8,025,000. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2021, THE FOUNDATION FUNDED 47 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, 2021, DRK HAS FUNDED AND SUPPORTED 200 SOCIAL IMPACT ORGANIZATIONS AROUND THE GLOBE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Bildner Chief Executive Officer | 50 | $449,000 | |
Stephanie Khurana Chief Operating Officer | 50 | $356,499 | |
Anika Warren Wood Chief Org. Effective | 50 | $274,131 | |
Nancy Huang Secretary | 50 | $223,869 | |
Zeryn Sarpangal Chief Financial Officer (from 4/1/21) | 50 | $198,383 | |
Nicholas Mele Managing Director | 50 | $188,920 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Myazimia Ltd Ltd | 12/30/21 | $205,000 |
Aim For Social Change | 12/30/21 | $247,498 |
Stanton Chase | 12/30/21 | $174,167 |
Elizabeth Washburn | 12/30/21 | $118,150 |
Frank Recruitment Group Inc | 12/30/21 | $120,360 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $28,098,495 |
| Interest on Savings | $840,858 |
| Dividends & Interest | $0 |
| Net Rental Income | $22,580 |
| Net Gain on Sale of Assets | $394,305 |
| Capital Gain Net Income | $1,041,683 |
| Net ST Capital Gain | $164,047 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $29,356,238 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,345,607 |
| Other employee salaries and wages | $2,704,995 |
| Pension plans, employee benefits | $2,147,485 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $32,534 |
| Occupancy | $738,417 |
| Travel, conferences, and meetings | $174,214 |
| Printing and publications | $1,027 |
| Other expenses | $1,581,924 |
| Total operating and administrative expenses | $10,083,645 |
| Contributions, gifts, grants paid | $3,575,000 |
| Total expenses and disbursements | $13,658,645 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,887,280 |
| Savings and temporary cash investments | $90,404 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $16,108,751 |
| 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 | $178,518 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $598,799 |
| Net Land, buildings, and equipment | $47,500 |
| Other assets | $5,374,648 |
| Total assets | $54,158,347 |
| Accounts payable and accrued expenses | $662,027 |
| 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 | $159,399 |
| Total liabilities | $821,426 |
Grants Awarded
Over the last fiscal year, Draper Richards Kaplan Foundation has awarded $3,575,000 in support to 47 organizations.
| Grant Recipient | Amount |
|---|---|
CALCEF INNOVATIONS DBA NEW ENERGY NEXUS PURPOSE: PROJECT: ENERGY PEACE PARTNERS | $150,000 |
Cincinnati, OH PURPOSE: GENERAL OPERATING SUPPORT | $100,000 |
New York, NY PURPOSE: GENERAL OPERATING SUPPORT | $100,000 |
Brooklyn, NY PURPOSE: GENERAL OPERATING SUPPORT | $100,000 |
Hartland, VT PURPOSE: GENERAL OPERATING SUPPORT | $100,000 |
OPEN EMBASSY PURPOSE: GENERAL OPERATING SUPPORT | $100,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Draper Richards Kaplan Foundation has recieved totaling $100,000.
| Awarding Organization | Amount |
|---|---|
Bill And Susan Oberndorf Foundation San Francisco, CA PURPOSE: GENERAL CHARITY | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Humanity United San Francisco, CA | $82,516,947 | $35,858,577 |
Public Policy Institute Of California San Francisco, CA | $340,951,909 | $34,836,055 |
Singleton Foundation For Financial Literacy And Entrepreneurship Burbank, CA | $5,023,733 | $12,067,602 |
Draper Richards Kaplan Foundation Menlo Park, CA | $54,158,347 | $29,356,238 |
Oprah Winfrey Leadership Academy Foundation Los Angeles, CA | $17,969,443 | $12,010,898 |
Wadhwani Operating Foundation Los Altos, CA | $0 | $65,339,394 |
Henry T Nicholas Education Foundation Inc Santa Ana, CA | $712,720 | $5,509,546 |
Chinese Character A Day Foundation Huntington Beach, CA | $0 | $31,765 |
Janie And Donald Friend Foundation San Francisco, CA | $0 | $1,186,592 |
Tomkat Ranch Educational Foundation Pescadero, CA | $1,784,473 | $4,660,042 |
Pacific Research Institute For Public Policy Pasadena, CA | $22,104,229 | $7,799,578 |
Ionetix Ppe Foundation San Francisco, CA | $0 | $4,350,988 |