The Drum Foundation
- Assets
- $3.7m
- Revenue
- $125.2k
- Investments
- $3.6m
- Employees
- 0
- Location
- San Francisco, CA
- Founding
- 04/1958
- Data as of
- 12/2022
- EIN
- 94-6067469
Organization Overview
The Drum Foundation is located in San Francisco, CA. The organization was established in 1958. 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. Drum 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, Drum Foundation generated $125.2k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (1.3%) each year. All expenses for the organization totaled $263.6k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.2%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Drum Foundation has awarded 67 individual grants totaling $468,000. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Janet Abbott Director | 5 | $25,000 | |
Philip Hudner Director | 5 | $25,000 | |
Janet Abbott President | 0 | $0 | |
Philip Hudner Treasurer | 0 | $0 | |
Philip Hudner Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $128,312 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$3,096 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $17 |
| Total Revenue | $125,233 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $50,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $11,925 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,981 |
| Total operating and administrative expenses | $114,606 |
| Contributions, gifts, grants paid | $149,000 |
| Total expenses and disbursements | $263,606 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $49,363 |
| Savings and temporary cash investments | $72,686 |
| 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 | $121,060 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,707,681 |
| 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, The Drum Foundation has awarded $149,000 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
FRANCISCAN MISSIONARY SISTERS OUR L PURPOSE: SUPPORT ST CLARE'S RETREAT AND CONVENT | $15,000 |
JUNIPERO SERRA HIGH SCHOOL PURPOSE: SUPPORT TUITION ASSISTANCE FOR HIGH SCHOOL | $10,000 |
IMMACULATE CONCEPTION ACADEMY PURPOSE: CONTRIBUTION TO SCHOLARSHIP FUND FOR HIGH SCHOOL | $15,000 |
THE LUMEN CHRISTI INSTITUTE PURPOSE: GENERAL SUPPORT FOR ACADEMIC CENTER | $1,000 |
MARIN CATHOLIC HIGH SCHOOL PURPOSE: GENERAL SUPPORT FOR HIGH SCHOOL | $2,500 |
MERCY HIGH SCOOL PURPOSE: SUPPORT TUITION ASSISTANCE PROGRAM FOR HIGH SCHOOL | $5,000 |