Nonprofit · EIN 94-3256415
DRAPER FOUNDATION
Tax-exempt · SAN MATEO, CA 94401
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $51,364,321 | $7,787,259 | $43,577,062 | $188,293,275 | $2,716,272 | $185,577,003 |
| December 31, 2023 | 990-PF | -$73,938,443 | $6,644,136 | -$80,582,579 | $130,180,012 | $526,964 | $129,653,048 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $48,082,541
- Dividends
- $1,916,795
- Net rental income
- $33,303
- Net gain from sales of assets
- -$325,092
- Other income
- $1,656,774
Expenses
- Grants and similar amounts paid
- $7,405,527
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $6,789,726
- Excise tax on investment income
- $48,717
Balance sheet and other
- Total assets, start of year
- $130,180,012
- Total assets, end of year
- $188,293,275
- Total liabilities, end of year
- $2,716,272
- Net assets, end of year
- $185,577,003
- Fair market value of assets
- $188,293,275
- Qualifying distributions
- $6,789,726
- Net investment income
- $3,699,177
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TIMOTHY DRAPER 55 E 3RD AVENUE, SAN MATEO, CA 94401 | PRESIDENT & DIRECTOR | 0.5 | $0 |
| ANDREA DRAPER 55 E 3RD AVENUE, SAN MATEO, CA 94401 | DIRECTOR | 0.5 | $0 |
| JESSICA DRAPER 55 E 3RD AVENUE, SAN MATEO, CA 94401 | DIRECTOR | 0.5 | $0 |
| WILLIAM H DRAPER III 55 E 3RD AVENUE, SAN MATEO, CA 94401 | SECRETARY & DIRECTOR | 0.5 | $0 |
| DESIREE OMRAN 55 E 3RD AVENUE, SAN MATEO, CA 94401 | CFO | 1 | $0 |
| HILLARY DRAPER 55 E 3RD AVENUE, SAN MATEO, CA 94401 | DIRECTOR | 0.5 | $0 |
| ELEANOR DRAPER 55 E 3RD AVENUE, SAN MATEO, CA 94401 | DIRECTOR | 0.5 | $0 |
990-PF for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TIMOTHY DRAPER 55 E 3RD AVENUE, SAN MATEO, CA 94401 | PRESIDENT & DIRECTOR | 0.5 | $0 |
| ANDREA DRAPER 55 E 3RD AVENUE, SAN MATEO, CA 94401 | DIRECTOR | 0.5 | $0 |
| JESSICA DRAPER 55 E 3RD AVENUE, SAN MATEO, CA 94401 | DIRECTOR | 0.5 | $0 |
| WILLIAM H DRAPER III 55 E 3RD AVENUE, SAN MATEO, CA 94401 | SECRETARY & DIRECTOR | 0.5 | $0 |
| DESIREE OMRAN 55 E 3RD AVENUE, SAN MATEO, CA 94401 | CFO | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 55 E 3RD AVE, SAN MATEO, CA 94401-4010
- In care of
- % TIMOTHY C DRAPER
- Signed the 990-PF
- TIMOTHY DRAPER, PRESIDENT
- Phone
- (415) 601-6111
- Return prepared by
- FRANK RIMERMAN CO LLP
California records
California keeps its own records of charities and corporations. Search them by EIN 94-3256415 or by the name DRAPER FOUNDATION.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 94-3256415
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 1998
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Education (B82Z)
- Assets (IRS master file)
- $188,293,275
- Income (IRS master file)
- $96,639,413
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $51,364,321 | $7,787,259 | $188,293,275 | IRS |
| 990-T | December 2024 | – | – | – | IRS |
| 990-PF | December 2023 | -$73,938,443 | $6,644,136 | $130,180,012 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990-PF | December 2018 | – | – | – | IRS |
| 990-PF | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 94-3256415).
Questions about DRAPER FOUNDATION
- What is the EIN of DRAPER FOUNDATION?
- The employer identification number (EIN) of DRAPER FOUNDATION is 94-3256415.
- Is DRAPER FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1998.
- Are donations to DRAPER FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does DRAPER FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of DRAPER FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did DRAPER FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of DRAPER FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
- How much revenue does DRAPER FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $51,364,321, expenses of $7,787,259 and total assets of $188,293,275 at year end.
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