RIPPLEWORKS INC: Form 990PF, tax year 2019
View the entire original 990 at ProPublica ↗
- Organization
- RIPPLEWORKS INC (EIN 46-5604812)
- Tax period
- 2019-05-01 to 2020-04-30
- Filed
- 2021-03-11
- IRS object ID
- 202100709349100210
- Schema version
- 2019v5.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990-PF
- Accounting Fees Schedule
- All Oth Prog Rltd Investments Sch
- Expenditure Responsibility Stmt
- Investments Govt Obligations Sch
- Investments Other Schedule2
- Legal Fees Schedule
- Other Assets Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Increases Schedule
- Other Liabilities Schedule
- Other Professional Fees Schedule
- Reduction Explanation Statement
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2021-03-11T12:31:38-06:00 | ReturnTs |
| Tax Period End | 2020-04-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 814234542 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BPM LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4200 BOHANNON DRIVE SUITE 250 | AddressLine1Txt |
| City | MENLO PARK | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 940251021 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2019-05-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 465604812 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RIPPLEWORKS INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | RIPP | BusinessNameControlTxt |
| Phone | 6504993120 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 889 WINSLOW STREET NO 501 | AddressLine1Txt |
| City | REDWOOD CITY | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 94063 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | DOUG GALEN | PersonNm |
| Person Title | PRESIDENT/CEO | PersonTitleTxt |
| Phone | 6504993120 | PhoneNum |
| Signature | 2021-03-03 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | TAMARA L MCINERNEY | PreparerPersonNm |
| PTIN | P00011797 | PTIN |
| Phone | 6508556800 | PhoneNum |
| Preparation | 2021-03-03 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2019 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $398,839,498 | FMVAssetsEOYAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $500 | ContriRcvdRevAndExpnssAmt |
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Interest On Sav Rev And Expnss | $933,594 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $933,594 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $1,044,608 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $1,820,766 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $29,632,135 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $35,242,713 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $28,582,843 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $337,436 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $532,383 | OtherIncomeNetInvstIncmAmt |
| Other Income Adj Net Incm | $0 | OtherIncomeAdjNetIncmAmt |
| Total Rev And Expnss | $31,948,273 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $31,869,586 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $0 | TotalAdjNetIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $759,875 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $77,009 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Adj Net Incm | $0 | CompOfcrDirTrstAdjNetIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $682,866 | CompOfcrDirTrstDsbrsChrtblAmt |
| Oth Empl Slrs Wgs Rev And Expnss | $2,441,710 | OthEmplSlrsWgsRevAndExpnssAmt |
| Oth Empl Slrs Wgs Net Invst Incm | $39,161 | OthEmplSlrsWgsNetInvstIncmAmt |
| Oth Empl Slrs Wgs Adj Net Incm | $0 | OthEmplSlrsWgsAdjNetIncmAmt |
| Oth Empl Slrs Wgs Dsbrs Chrtbl | $2,118,772 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Pension Empl Bnft Rev And Expnss | $293,985 | PensionEmplBnftRevAndExpnssAmt |
| Pension Empl Bnft Net Invst Incm | $4,018 | PensionEmplBnftNetInvstIncmAmt |
| Pension Empl Bnft Adj Net Incm | $0 | PensionEmplBnftAdjNetIncmAmt |
| Pension Empl Bnft Dsbrs Chrtbl | $256,887 | PensionEmplBnftDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $83,910 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Adj Net Incm | $0 | LegalFeesAdjNetIncmAmt |
| Legal Fees Dsbrs Chrtbl | $59,773 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $78,507 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $40,187 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $0 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $40,187 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $325,553 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $83,514 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Adj Net Incm | $0 | OtherProfFeesAdjNetIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $109,743 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $671,173 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $28,666 | TaxesNetInvstIncmAmt |
| Taxes Adj Net Incm | $0 | TaxesAdjNetIncmAmt |
| Taxes Dsbrs Chrtbl | $159,858 | TaxesDsbrsChrtblAmt |
| Deprec And Dpltn Rev And Expnss | $47,745 | DeprecAndDpltnRevAndExpnssAmt |
| Deprec And Dpltn Net Invst Incm | $0 | DeprecAndDpltnNetInvstIncmAmt |
| Deprec And Dpltn Adj Net Incm | $0 | DeprecAndDpltnAdjNetIncmAmt |
| Occupancy Rev And Expnss | $412,479 | OccupancyRevAndExpnssAmt |
| Occupancy Net Invst Incm | $0 | OccupancyNetInvstIncmAmt |
| Occupancy Adj Net Incm | $0 | OccupancyAdjNetIncmAmt |
| Occupancy Dsbrs Chrtbl | $18,849 | OccupancyDsbrsChrtblAmt |
| Trav Conf Meeting Rev And Expnss | $164,746 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Net Invst Incm | $0 | TravConfMeetingNetInvstIncmAmt |
| Trav Conf Meeting Adj Net Incm | $0 | TravConfMeetingAdjNetIncmAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $189,016 | TravConfMeetingDsbrsChrtblAmt |
| Printing And Pub Rev And Expnss | $4,064 | PrintingAndPubRevAndExpnssAmt |
| Printing And Pub Net Invst Incm | $0 | PrintingAndPubNetInvstIncmAmt |
| Printing And Pub Adj Net Incm | $0 | PrintingAndPubAdjNetIncmAmt |
| Printing And Pub Dsbrs Chrtbl | $2,749 | PrintingAndPubDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $332,755 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $2,745,537 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Adj Net Incm | $0 | OtherExpensesAdjNetIncmAmt |
| Other Expenses Dsbrs Chrtbl | $193,275 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $5,616,502 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $3,018,092 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $3,831,975 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $15,271,202 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $6,771,202 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $20,887,704 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $3,018,092 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $10,603,177 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $11,060,569 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $28,851,494 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $3,877,066 | CashBOYAmt |
| Cash EOY | $1,292,434 | CashEOYAmt |
| Cash EOYFMV | $1,292,434 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $25,184,003 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $17,088,384 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $17,088,384 | SavAndTempCashInvstEOYFMVAmt |
| Acct Rcvbl | $18,477 | AcctRcvblAmt |
| Acct Rcvbl BOY | $1,273,458 | AcctRcvblBOYAmt |
| Acct Rcvbl EOY | $18,477 | AcctRcvblEOYAmt |
| Acct Rcvbl EOYFMV | $18,477 | AcctRcvblEOYFMVAmt |
| Prepaid Expenses BOY | $107,752 | PrepaidExpensesBOYAmt |
| Prepaid Expenses EOY | $523,919 | PrepaidExpensesEOYAmt |
| Prepaid Expenses EOYFMV | $523,919 | PrepaidExpensesEOYFMVAmt |
| US Government Obligations BOY | $17,158,531 | USGovernmentObligationsBOYAmt |
| US Government Obligations EOY | $21,214,051 | USGovernmentObligationsEOYAmt |
| US Govt Obligations EOYFMV | $21,214,051 | USGovtObligationsEOYFMVAmt |
| Other Investments BOY | $307,232,947 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $344,807,213 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $344,807,213 | OtherInvestmentsEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $190,325 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $99,434 | LandBldgEquipAccumDeprecAmt |
| Land BOY | $138,637 | LandBOYAmt |
| Land EOY | $90,891 | LandEOYAmt |
| Land EOYFMV | $90,891 | LandEOYFMVAmt |
| Other Assets BOY | $13,628,674 | OtherAssetsBOYAmt |
| Other Assets EOY | $13,804,129 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $13,804,129 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $368,601,068 | TotalAssetsBOYAmt |
| Total Assets EOY | $398,839,498 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $398,839,498 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $123,807 | AccountsPayableBOYAmt |
| Accounts Payable EOY | $168,089 | AccountsPayableEOYAmt |
| Grants Payable EOY | $8,500,000 | GrantsPayableEOYAmt |
| Other Liabilities BOY | $4,173,015 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $2,718,884 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $4,296,822 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $11,386,973 | TotalLiabilitiesEOYAmt |
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
| No Donor Rstr Net Assests BOY | $364,304,246 | NoDonorRstrNetAssestsBOYAmt |
| No Donor Rstr Net Assests EOY | $387,452,525 | NoDonorRstrNetAssestsEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $364,304,246 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $387,452,525 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $368,601,068 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $398,839,498 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $364,304,246 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $11,060,569 | ExcessRevenueOverExpensesAmt |
| Other Increases | $12,087,710 | OtherIncreasesAmt |
| Subtotal | $387,452,525 | SubtotalAmt |
| Other Decreases | $0 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $387,452,525 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (29 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt | Cost Or Other BasisCostOrOtherBasisAmt |
|---|---|---|---|---|---|---|
| 25021720 SHS OF XRP CRYPTOCURRENCY | D | 2019-05-31 | $9,341,800 | $9,341,800 | $9,341,800 | |
| 57290.61 SHS OF XRP CRYPTOCURRENCY | D | 2019-05-31 | $23,985 | $23,985 | $23,985 | |
| 9000 SHS OF XRP CRYPTOCURRENCY | D | 2019-06-30 | $3,802 | $3,802 | $3,802 | |
| 63033.83 SHS OF XRP CRYPTOCURRENCY | D | 2019-06-30 | $29,787 | $29,787 | $29,787 | |
| 17121248 SHS OF XRP CRYPTOCURRENCY | D | 2019-06-30 | $7,287,537 | $7,287,537 | $7,287,537 | |
| 11300853 SHS OF XRP CRYPTOCURRENCY | D | 2019-07-31 | $3,919,136 | $3,919,136 | $3,919,136 | |
| 90028.45 SHS OF XRP CRYPTOCURRENCY | D | 2019-07-31 | $29,404 | $29,404 | $29,404 | |
| 9000 SHS OF XRP CRYPTOCURRENCY | D | 2019-08-31 | $2,665 | $2,665 | $2,665 | |
| 118062.74 SHS OF XRP CRYPTOCURRENCY | D | 2019-08-31 | $29,404 | $29,404 | $29,404 | |
| 3964455 SHS OF XRP CRYPTOCURRENCY | D | 2019-08-31 | $1,114,432 | $1,114,432 | $1,114,432 | |
| 116416.45 SHS OF XRP CRYPTOCURRENCY | D | 2019-09-30 | $28,364 | $28,364 | $28,364 | |
| 4555851 SHS OF XRP CRYPTOCURRENCY | D | 2019-09-30 | $1,208,653 | $1,208,653 | $1,208,653 | |
| 93805.76 SHS OF XRP CRYPTOCURRENCY | D | 2019-10-31 | $27,610 | $27,610 | $27,610 | |
| 4891674 SHS OF XRP CRYPTOCURRENCY | D | 2019-10-31 | $1,368,825 | $1,368,825 | $1,368,825 | |
| 114223.89 SHS OF XRP CRYPTOCURRENCY | D | 2019-11-30 | $27,610 | $27,610 | $27,610 | |
| 3874522 SHS OF XRP CRYPTOCURRENCY | D | 2019-11-30 | $988,567 | $988,567 | $988,567 | |
| 149675.66 SHS OF XRP CRYPTOCURRENCY | D | 2019-12-31 | $27,611 | $27,611 | $27,611 | |
| 3237474 SHS OF XRP CRYPTOCURRENCY | D | 2019-12-31 | $653,660 | $653,660 | $653,660 | |
| 5370565 SHS OF XRP CRYPTOCURRENCY | D | 2020-01-31 | $1,198,138 | $1,198,138 | $1,198,138 | |
| 97031.45 SHS OF XRP CRYPTOCURRENCY | D | 2020-01-31 | $22,692 | $22,692 | $22,692 | |
| 8463517 SHS OF XRP CRYPTOCURRENCY | D | 2020-02-28 | $2,362,706 | $2,362,706 | $2,362,706 | |
| 2139599 SHS OF XRP CRYPTOCURRENCY | D | 2020-03-31 | $473,435 | $473,435 | $473,435 | |
| 17158.57 SHS OF XRP CRYPTOCURRENCY | D | 2020-03-31 | $4,050 | $4,050 | $4,050 | |
| K-1 FROM ARRINGTON XRP CAPITAL FUND, LP | P | $5,000,212 | $5,000,212 | $5,000,212 | ||
| K-1 FROM ARRINGTON XRP CAPITAL FUND, LP | P | -$6,601,385 | -$6,601,385 | $6,601,385 | ||
| K-1 FROM BLOCKCHAIN CAPITAL IV LP | P | -$58,485 | -$58,485 | $58,485 | ||
| K-1 FROM BLOCKCHAIN CAPITAL IV LP | P | $28,811 | $28,811 | $28,811 | ||
| AFS SECURITIES | P | $30,803 | $30,803 | $30,803 | ||
| CONVERTIBLE EQUITY | P | $9,014 | $9,014 | $9,014 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $28,582,843 | CapitalGainNetIncomeAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | 0 | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $23,127,120 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $553,773,979 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.041763 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $2,067,158 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $112,191,496 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.018425 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $1,122,844 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $8,387,855 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.133865 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $805,420 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $7,427,314 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.108440 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $180,027 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $777,247 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.231621 | DistributionYr5Rt |
| Total Distribution | 0.534114 | TotalDistributionRt |
| Average Distribution | 0.106823 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $415,893,231 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $44,426,963 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $288,515 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $44,715,478 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $15,523,177 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $577,030 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $577,030 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $577,030 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $838,262 | EstimatedPlusOvpmtIncmTxAmt |
| Extsn Request Income Tax Paid | $0 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $838,262 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $0 | EsPenaltyAmt |
| Overpayment | $261,232 | OverpaymentAmt |
| Applied To ES Tax | $261,232 | AppliedToESTaxAmt |
| Refund | $0 | RefundAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | 0 | LegislativePoliticalActyInd |
| More Than100 Spent | 0 | MoreThan100SpentInd |
| Form1120 POL Filed | 0 | Form1120POLFiledInd |
| Section4955 Organization Tax | $0 | Section4955OrganizationTaxAmt |
| Section4955 Managers Tax | $0 | Section4955ManagersTaxAmt |
| Tax Reimbursed | $0 | TaxReimbursedAmt |
| Activities Not Previously Rpt | 0 | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | 0 | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Organization Dissolved Etc | 0 | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | 0 | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (1) | AtLeast5000InAssetsInd |
| Org Report Or Register State | CA | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (1) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | 0 | PrivateOperatingFoundationInd |
| New Substantial Contributors | 0 | NewSubstantialContributorsInd |
| Own Controlled Entity | 0 | OwnControlledEntityInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (1) | ComplyWithPublicInspRqrInd |
| Website Address | WWW.RIPPLEWORKS.ORG | WebsiteAddressTxt |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | JOHN CARROLL | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 6504993120 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 513 CHOKE CANYON LANE | AddressLine1Txt |
| City | GEORGETOWN | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 78628 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | Yes (1) | ForeignAccountsQuestionInd |
| Foreign Country | OC | ForeignCountryCd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | 0 | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | 0 | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | 0 | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | 0 | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| Uncorrected Prior Acts | 0 | UncorrectedPriorActsInd |
| Undistributed Income PY | 0 | UndistributedIncomePYInd |
| Business Holdings | Yes (1) | BusinessHoldingsInd |
| Excess Business Holdings | 0 | ExcessBusinessHoldingsInd |
| Jeopardy Investments | 0 | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | 0 | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | 0 | InfluenceLegislationInd |
| Influence Election | 0 | InfluenceElectionInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Noncharitable Purpose | 0 | NoncharitablePurposeInd |
| Transactions Fail To Qlfy As Exc | Yes (1) | TransactionsFailToQlfyAsExcInd |
| Maintained Expenditure Rspns | Yes (1) | MaintainedExpenditureRspnsInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| DOUG GALEN | ||||||||
| 889 WINSLOW STREET SUITE 501 | REDWOOD CITY | CA | 94063 | PRESIDENT/CEO | 40.00 | $720,583 | $39,291 | $0 |
| CHRISTIAN LARSEN | ||||||||
| 889 WINSLOW STREET SUITE 501 | REDWOOD CITY | CA | 94063 | SECRETARY/TREASURER | 1.00 | $0 | $0 | $0 |
Compensation Highest Paid Empl CompensationHighestPaidEmplGrp (5 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee BenefitsEmployeeBenefitsAmt | Expense AccountExpenseAccountAmt |
|---|---|---|---|---|---|---|---|---|
| TIM KUNIHIRO | ||||||||
| 889 WINSLOW STREET SUITE 501 | REDWOOD CITY | CA | 94063 | MANAGING DIRECTOR, V | 40.00 | $261,988 | $36,650 | $0 |
| AYESHA WAGLE | ||||||||
| 889 WINSLOW STREET SUITE 501 | REDWOOD CITY | CA | 94063 | HEAD OF INVESTMENTS | 40.00 | $227,192 | $21,465 | $0 |
| SARAH BURCH | ||||||||
| 889 WINSLOW STREET SUITE 501 | REDWOOD CITY | CA | 94063 | SENIOR PORTFOLIO MAN | 40.00 | $207,087 | $23,444 | $0 |
| LINDSAY BLODGETT | ||||||||
| 889 WINSLOW STREET SUITE 501 | REDWOOD CITY | CA | 94063 | HEAD OF INSIGHTS | 40.00 | $202,845 | $20,451 | $0 |
| JOHN CARROLL | ||||||||
| 889 WINSLOW STREET SUITE 501 | REDWOOD CITY | CA | 94063 | CONTROLLER | 40.00 | $195,805 | $20,091 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Employee Paid Over50k | 10 | OtherEmployeePaidOver50kCnt |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (3 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Service TypeServiceTypeTxt | CompensationCompensationAmt |
|---|---|---|---|---|---|
| DAVIS WRIGHT TREMAINE LLP | |||||
| 505 MONTGOMERY STREET | SAN FRANCISCO | CA | 94111 | LEGAL SERVICES | $104,809 |
| SUNREACH LLC | |||||
| PO BOX 1366 | LOS ALTOS | CA | 94023 | SOFTWARE IMPLEMENTATION SERVICES | $97,727 |
| BPM LLP | |||||
| 600 CALIFORNIA STREET SUITE 600 | SAN FRANCISCO | CA | 94108 | ACCOUNTING SERVICES | $84,764 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | RIPPLEWORKS UNLOCKS THE POTENTIAL OF IMPACT-FOCUSED ENTREPRENEURS TO IMPROVE LIVES AND BELIEVES THAT THESE ENTREPRENEURS ARE CRITICAL TO SOLVING THE TOUGHEST CHALLENGES OF OUR TIME. HOWEVER, THEY NEED PRACTICAL SUPPORT, GROUNDED IN EXPERIENCE. THAT IS WHY RIPPLEWORKS PARTNER WITH ENTREPRENEURS TO IDENTIFY A CRITICAL CHALLENGE, PROVIDES AND EXPERT WHO KNOWS HOW TO SOLVE IT, AND MANAGES THE PROJECT WITH UNCOMPROMISING COMMITMENT. | Description1Txt |
| Expenses1 | $2,371,323 | Expenses1Amt |
| Description2 | IMPACT INVESTMENTS | Description2Txt |
| Expenses2 | $806,237 | Expenses2Amt |
| Description3 | INSIGHTS & MARKETING | Description3Txt |
| Expenses3 | $614,227 | Expenses3Amt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | BABBAN GONA: FOR THE EXPANSION OF THE SCALE OF SMALLHOLDER FARMERS REACHED BY BORROWER'S SUITE OF SERVICES FOR THE PURPOSE OF RELIEVING POVERTY | Description1Txt |
| Expenses1 | $3,000,000 | Expenses1Amt |
| Description2 | MYAGRO FARMS: GENERAL SUPPORT FOR THE PERIOD OF JUNE 11, 2019 JUNE 11, 2021 | Description2Txt |
| Expenses2 | $1,500,000 | Expenses2Amt |
| All Other Program Rltd Invst Tot | $420,000 | AllOtherProgramRltdInvstTotAmt |
| Total | $4,920,000 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $73,345,250 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $26,414,253 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $322,467,127 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $422,226,630 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $494,307,514 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $422,226,630 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $6,333,399 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $415,893,231 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $20,794,662 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $20,794,662 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $577,030 | TaxBasedOnInvestmentIncomeAmt |
| Income Tax | $25,348 | IncomeTaxAmt |
| Total Tax | $602,378 | TotalTaxAmt |
| Distributable Before Adj | $20,192,284 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $20,192,284 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $20,192,284 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $10,603,177 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $4,920,000 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $15,523,177 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $0 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $15,523,177 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $20,192,284 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $2,897,673 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Total Excess Distribution Cyov | $0 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $15,523,177 | QualifyingDistributionsAmt |
| Applied To Year1 | $2,897,673 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $12,625,504 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $0 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $0 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Prior Year Deficiency Or Tax | $0 | PriorYearDeficiencyOrTaxAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $7,566,780 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $0 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov From Yr5 | $0 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $0 | ExcessDistriCyovToNextYrAmt |
Private Operating Foundations PrivateOperatingFoundationsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Private Operating Fndtn Ruling | 2014-05-01 | PrivateOperatingFndtnRulingDt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | CHRISTIAN LARSEN | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (27 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt | Address Line2RecipientUSAddress/AddressLine2Txt |
|---|---|---|---|---|---|---|---|---|
| MYAGRO | ||||||||
| 200 BROADWAY 3RD FLOOR | NEW YORK | NY | 10038 | N/A | PC | GENERAL SUPPORT FOR THE PERIOD 6/11/19 - 6/11/21 IN THE ORGANIZATION'S EFFORT TO INCREASE THE INCOME OF SMALLHOLDER FARMERS THROUGH HIGH-QUALITY INPUTS, ACCESS TO SAVINGS, AND TRAINING IN MALI, SENEGAL AND TANZANIA | $3,000,000 | |
| IDINSIGHT INC | ||||||||
| 785 MARKET STREET SUITE 200 | SAN FRANCISCO | CA | 94103 | N/A | PC | GENERAL SUPPORT FOR THE PERIOD 9/5/19 - 9/5/21 IN THE ORGANIZATION'S EFFORT TO INCREASE THE EFFICACY OF GOVERNMENTS AND SOCIAL VENTURES BY HELPING THEM MAKE DATA-DRIVEN DECISIONS. | $1,500,000 | |
| BUILDING FUTURES WITH WOMEN & CHILDREN | ||||||||
| 1395 BANCROFT AVE | SAN LEANDRO | CA | 94577 | N/A | PC | FOR THE ORGANIZATION'S WORK IN SHELTERING HOMELESS POPULATIONS THROUGHOUT THE BAY AREA | $25,000 | |
| CENTER FOR EMPOWERING REFUGEES & IMMIGRANTS (CERI) | ||||||||
| 544 INTERNATIONAL BLVD | OAKLAND | CA | 94606 | N/A | PC | FOR THE ORGANIZATION'S WORK IN IN SUPPORTING MENTAL HEALTH AND RESILIANCE OF REFUGEES IN THE BAY AREA | $25,000 | |
| SAN MATEO COUNTY SHERIFF'S ACTIVITIES LEAGUE | ||||||||
| 3151 EDISON WAY | REDWOOD CITY | CA | 94063 | N/A | PC | FOR THE ORGANIZATION'S WORK IN HELPING TO BRIDGE THE DIVIDE BETWEEN YOUTH AND LAW ENFORCEMENT IN THE BAY AREA | $50,000 | |
| LA COCINA | ||||||||
| 2948 FOLSOM ST | SAN FRANCISCO | CA | 94110 | N/A | PC | FOR THE ORGANIZATION'S WORK IN SUPPORTING SMALL RESTAURANT BUSINESSES IN THE BAY AREA | $50,000 | |
| HACK THE HOOD | ||||||||
| 900 ALICE STREET SUITE 300 | OAKLAND | CA | 94607 | N/A | PC | FOR THE ORGANIZATION'S ON-GOING WORK IMPACTING AT-RISK YOUTH | $50,000 | |
| HAMILTON FAMILIES | ||||||||
| 273 NINTH STREET | SAN FRANCISCO | CA | 94103 | N/A | PC | FOR THE ORGANIZATION'S WORK IN HOUSING HOMELESS FAMILIES IN THE BAY AREA | $50,000 | |
| MUSO INC | ||||||||
| 3254 19TH ST 2ND FLOOR | SAN FRANCISCO | CA | 94110 | N/A | PC | GENERAL SUPPORT FOR THE PERIOD 10/16/19 - 10/16/20 IN THE ORGANIZATION'S EFFORT TO SUPPORT DIRECT HEALTHCARE DELIVERY TO RURAL AND PERI-URBAN PATIENTS IN MALI. | $1,500,000 | |
| RAPHAEL HOUSE OF SAN FRANCISCO INC | ||||||||
| 1065 SUTTER STREET | SAN FRANCISCO | CA | 94109 | N/A | PC | FOR THE ORGANIZATION'S WORK WITH HOMELESS FAMILIES IN SAN FRANCISCO TO STRENGTHEN FAMILY BONDS BY ACHIEVING STABLE HOUSING AND FINANCIAL INDEPENDENCE. | $50,000 | |
| NEW VENTURE FUND | ||||||||
| 1201 CONNECTICUT AVE NW SUITE 300 | WASHINGTON | DC | 20036 | N/A | PC | 92.5% WILL BE CONTRIBUTED TO THE CO-IMPACT POOLED FUND TO BE USED TOWARD THE INITIATIVES, AND 7.5% WILL BE USED AS A MANAGEMENT FEE TOWARD MANAGEMENT OF THE COMMUNITY AND CO-IMPACTS OPERATIONS. | $250,000 | |
| HOMEFIRST SERVICES OF SANTA CLARA COUNTY | ||||||||
| 507 VALLEY WAY | MILPITAS | CA | 95035 | N/A | PC | FOR THE ORGANIZATION'S HOMELESS RELIEF WORK IN SANTA CLARA COUNTY | $50,000 | |
| HOMELESS PRENATAL PROGRAM | ||||||||
| 2500 18TH STREET | SAN FRANCISCO | CA | 94110 | N/A | PC | FOR THE ORGANIZATION'S LOW-INCOME AND HOMELESS FAMILY PROGRAMS AND SERVICES IN SAN FRANCISCO | $50,000 | |
| NEW DOOR VENTURES | ||||||||
| 3221 20TH ST | SAN FRANCISCO | CA | 94110 | N/A | PC | FOR THE ORGANIZATION'S EFFORTS TO SUPPORT DISADVANTAGED YOUTH IN THE BAY AREA | $18,750 | |
| WLADYSLAW PONIECKI CHARITABLE FOUNDATION | ||||||||
| EAST OAKLAND DREAMERS PROJECT 8637 | EL CERRITO | CA | 94530 | N/A | PC | FOR THE ORGANIZATION'S COVID MIGRANT YOUTH FUND PROJECT. | $25,000 | ARBOR DRIVE |
| HAMILTON FAMILIES | ||||||||
| 1631 HAYES STREET | SAN FRANCISCO | CA | 94117 | N/A | PC | FOR THE ORGANIZATION'S HOMELESSNESS PREVENTION AND HOUSING WORK | $50,000 | |
| K TO COLLEGE DBA SUPPLYBANKORG | ||||||||
| 7730 PARDEE LANE | OAKLAND | CA | 94621 | N/A | PC | FOR THE ORGANIZATION'S WORK TO PROVIDE UNDER RESOURCED CHILDREN AND FAMILIES WITH CRITICAL MATERIAL NEEDS | $6,250 | |
| WORLD VISION | ||||||||
| 200 BROADWAY 3RD FLOOR | NEW YORK | NY | 10038 | N/A | PC | GENERAL SUPPORT | $100 | |
| SHEPHERDS GATE | ||||||||
| 1660 PORTOLA AVE | LIVERMORE | CA | 94551 | N/A | PC | GENERAL SUPPORT | $500 | |
| POSITIVE COACHING ALLIANCE | ||||||||
| 1001 N RENGSTORFF AVE SUITE 100 | MOUNTAIN VIEW | CA | 94043 | N/A | PC | GENERAL SUPPORT | $2,500 | |
| MENLO PARK-ATHERTON EDUCATION | ||||||||
| 181 ENCINAL AVE | ATHERTON | CA | 94027 | N/A | PC | GENERAL SUPPORT | $2,000 | |
| MENLO-ATHERTON HIGH SCHOOL | ||||||||
| PO BOX 1228 | ATHERTON | CA | 94027 | N/A | PC | GENERAL SUPPORT | $500 | |
| VIDA VERDE NATURE EDUCATION | ||||||||
| 3540 LA HONDA RD | SAN GREGORIO | CA | 94074 | N/A | PC | GENERAL SUPPORT | $100 | |
| COOL EFFECT | ||||||||
| 100 DRAKES LANDING SUITE 260 | GREENBRAE | CA | 94094 | N/A | PC | SUPPORT TWO PROJECTS: ALTO MAYO PROTECTED FORESTS PROJECT & JACUNDA FOREST RESERVE PROJECT | $8,002 | |
| YCORE NETWORK | ||||||||
| 1080 EDDY ST 101 | SAN FRANCISCO | CA | 94109 | N/A | PC | GENERAL SUPPORT | $2,000 | |
| UNITED WAY OF THE BAY AREA | ||||||||
| 550 KEARNY STREET | SAN FRANCISCO | CA | 94108 | N/A | PC | GENERAL SUPPORT | $5,000 | |
| MARY ELIZABETH INN | ||||||||
| 1040 BUSH ST | SAN FRANCISCO | CA | 94109 | N/A | PC | GENERAL SUPPORT | $500 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $6,771,202 | TotalGrantOrContriPdDurYrAmt |
Grant Or Contri Apprv For Fut GrantOrContriApprvForFutGrp (5 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| NEW VENTURE FUND | |||||||
| 1201 CONNECTICUT AVE NW SUITE 300 | WASHINGTON | DC | 20036 | N/A | PC | 92.5% WILL BE CONTRIBUTED TO THE CO-IMPACT POOLED FUND TO BE USED TOWARD THE INITIATIVES, AND 7.5% WILL BE USED AS A MANAGEMENT FEE TOWARD MANAGEMENT OF THE COMMUNITY AND CO-IMPACTS OPERATIONS. | $500,000 |
| BRAC (AUDACIOUS) | |||||||
| 110 WILLIAM STREET 18TH FLOOR | NEW YORK | NY | 10038 | N/A | PC | TO ACCELERATE BRAC'S WORK TO ENABLE GOVERNMENT ADOPTION AND SCALE OF THE GRADUATION APPROACH, LIFTING 4.6M HOUSEHOLDS (APPROX. 21M PEOPLE) OUT OF ULTRA POVERTY AND PULLING MILLIONS MORE ON THE PATH. | $1,000,000 |
| HUMANITARIAN OPEN STREETMAP (AUDACIOUS) | |||||||
| 1110 VERMONT AVENUE NW SUITE 500 | WASHINGTON | DC | 20005 | N/A | PC | GENERAL SUPPORT | $2,000,000 |
| ONE ACRE FUND (AUDACIOUS) | |||||||
| 81 PROSPECT STREET | BROOKLYN | NY | 11201 | N/A | PC | GENERAL SUPPORT | $2,000,000 |
| SIRUM (AUDACIOUS) | |||||||
| 479 HAWTHORNE AVE | PALO ALTO | CA | 94301 | N/A | PC | GENERAL SUPPORT | $3,000,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Apprv Fut | $8,500,000 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Program Service Rev Part VII ProgramServiceRevPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | INTEREST ON PROGRAM-RELATED INVESTMENTS | Desc |
| Exclusion | 14 | ExclusionCd |
| Related Or Exempt Function Incm | $337,436 | RelatedOrExemptFunctionIncmAmt |
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $933,594 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $1,044,608 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $29,632,135 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $31,610,337 | ExclusionAmt |
| Related Or Exempt Function Incm | $337,436 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $31,947,773 | TotalIncomeProducingActyAmt |
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Line Number | 1 | LineNumberTxt |
| Relationship Statement | INTEREST ON PROGRAM-RELATED INVESTMENTS | RelationshipStatementTxt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | 0 | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | 0 | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | 0 | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | 0 | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | 0 | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | 0 | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | 0 | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | 0 | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | 0 | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | 0 | RelationshipsNonchrtblEOInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING | CategoryTxt |
| Amt | $78,507 | Amt |
| Net Investment Income | $40,187 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $40,187 | DisbursementsCharitablePrpsAmt |
All Oth Prog Rltd Investments Sch AllOthProgRltdInvestmentsSch
All Other Program Related Invst AllOtherProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | PENDA HEALTH PRI LOAN | Desc |
| Amt | $420,000 | Amt |
Expenditure Responsibility Stmt ExpenditureResponsibilityStmt
Expenditure Responsibility ExpenditureResponsibilityGrp (3 entries)
| Address Line1ForeignAddress/AddressLine1Txt | Address Line2ForeignAddress/AddressLine2Txt | CityForeignAddress/CityNm | CountryForeignAddress/CountryCd | GrantGrantDt | GrantGrantAmt | Purpose Of GrantPurposeOfGrantTxt | Expended By GranteeExpendedByGranteeAmt | Any Diversion By GranteeAnyDiversionByGranteeTxt | Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| BABBAN GONA | ||||||||||||
| 12 PROFESSOR OLAGOKE OLABISI STREET | OCEANSIDE ESTATE | LEKKI LAGOS | NI | 2020-01-06 | $3,000,000 | FOR THE EXPANSION OF THE SCALE OF SMALLHOLDER FARMERS REACHED BY BORROWER'S SUITE OF SERVICES FOR THE PURPOSE OF RELIEVING POVERTY | $3,000,000 | NONE | ||||
| MYAGRO FARMS | ||||||||||||
| 2020-02-10 | $1,500,000 | GENERAL SUPPORT FOR THE PERIOD OF JUNE 11, 2019 JUNE 11, 2021 | $1,500,000 | NONE | 200 BROADWAY 3RD FLOOR | NEW YORK | NY | 10038 | ||||
| PENDA HEALTH | ||||||||||||
| PO BOX 22647 | NAIROBI | KE | 2020-02-03 | $420,000 | FOR THE PURPOSE OF OPERATING ITS FACILITIES, HIRING STAFF FOR THE FACILITIES, PURCHASING EQUIPMENT AND/OR SUPPLIES NEEDED FOR THE FACILITIES, AND FOR GENERAL WORKING CAPITAL FOR THE FACILITIES, ALL EXCLUSIVELY FOR THE PURPOSE OF IMPROVING ACCESS AND HEALTH OUTCOMES FOR LOW INCOME INDIVIDUALS IN KENYA. | $420,000 | NONE | |||||
Investments Govt Obligations Sch InvestmentsGovtObligationsSch
| Field | Value | IRS element (for citing) |
|---|---|---|
| US Govt Obligations Book Vl EOY | $21,214,051 | USGovtObligationsBookVlEOYAmt |
| US Govt Obligations EOYFMV | $21,214,051 | USGovtObligationsEOYFMVAmt |
| State Local Sec Book Vl EOY | $0 | StateLocalSecBookVlEOYAmt |
| State Local Sec EOYFMV | $0 | StateLocalSecEOYFMVAmt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (5 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| XRP HOLDINGS | FMV | $199,557,925 | $199,557,925 |
| ARRINGTON CAPITAL FUND, LP | FMV | $64,198,228 | $64,198,228 |
| BLOCKCHAIN CAPITAL IV, LP | FMV | $18,105,521 | $18,105,521 |
| MORGAN STANLEY INVESTMENTS | FMV | $62,743,738 | $62,743,738 |
| INTEREST RECEIVABLE | FMV | $201,801 | $201,801 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | LEGAL | CategoryTxt |
| Legal Fees | $83,910 | LegalFeesAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $59,773 | DisbursementsCharitablePrpsAmt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp (3 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| DEPOSITS | $75,000 | $75,000 | $75,000 |
| CONTRIBUTION HELD IN ESCROW | $10,553,674 | $5,262,952 | $5,262,952 |
| NOTES RECEIVABLE | $3,000,000 | $8,466,177 | $8,466,177 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (17 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| MARKETING EXPENSES | $9,364 | $0 | $0 | $6,640 |
| INSURANCE | $23,868 | $0 | $0 | $0 |
| BANK FEES | $35,205 | $31,854 | $0 | $0 |
| DUES AND SUBSCRIPTIONS | $25,812 | $0 | $0 | $13,763 |
| PENALTIES | $1,357 | $0 | $0 | $0 |
| OFFICE EXPENSES | $100,478 | $0 | $0 | $121,575 |
| POSTAGE | $1,451 | $0 | $0 | $489 |
| WORKERS' COMP | $38,055 | $0 | $0 | $34,519 |
| MEALS AND ENTERTAINMENT | $33,702 | $0 | $0 | $13,645 |
| OTHER EXPENSES | $3,509 | $0 | $0 | $0 |
| GIFTS | $7,232 | $0 | $0 | $2,022 |
| PROFESSIONAL DEVELOPMENT | $28,743 | $0 | $0 | $622 |
| HOSTED EVENTS | $23,779 | $0 | $0 | $0 |
| FROM K-1 ARRINGTON XRP CAPITAL FUND, LP | $0 | $1,783,389 | $0 | $0 |
| FROM K-1 BLOCKCHAIN CAPITAL IV LP | $0 | $592,858 | $0 | $0 |
| FORGIVING INTEREST | $0 | $337,436 | $0 | $0 |
| CONFERENCE SPONSORSHIP | $200 | $0 | $0 | $0 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (2 entries)
| DescDesc | Net Investment IncomeNetInvestmentIncomeAmt | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|---|
| ARRINGTON XRP CAPITAL FUND, LP | $194,947 | ||
| INTEREST ON PROGRAM-RELATED INVESTMENTS | $337,436 | $337,436 | $0 |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail (2 entries)
| DescDesc | AmtAmt |
|---|---|
| UNREALIZED GAIN/(LOSS) | $10,717,892 |
| DEFERRED TAXES | $1,369,818 |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail (5 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt |
|---|---|---|
| INCOME TAXES PAYABLE | $19,731 | $0 |
| DEFERRED TAX LIABILITY | $3,966,989 | $2,597,171 |
| ACCRUED PAYROLL LIABILITIES | $146,785 | $110,223 |
| DEFERRED RENT | $12,283 | $10,023 |
| OTHER ACCRUED EXPENSES | $27,227 | $1,467 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| OTHER | $281,499 | $83,514 | $0 | $73,078 |
| PAYROLL FEES | $44,054 | $0 | $0 | $36,665 |
Reduction Explanation Statement ReductionExplanationStatement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Short Explanation | THE FAIR VALUE OF XRP HOLDINGS IS ESTIMATED ANNUALLY AS OF MAY 1ST BASED ON AN INDEPENDENT VALUATION. THE VALUATION IS BASED ON THE MARKET PRICES ON THIRD PARTY EXCHANGES, ADJUSTED FOR A DISCOUNT OF 68.543% FOR REDUCTION IN VALUE FOR PRICE PRESSURE DUE TO SHARE VOLUME AND HOLDING PERIOD PRICE RISK. THE PRICE PRESSURE AND HOLDING DISCOUNT TAKES INTO ACCOUNT RESTRICTIONS ON THE FOUNDATION TO LIMIT DAILY SALES OF XRP TO A PERCENTAGE OF THE PREVIOUS 24 HOURS TOTAL TRADING VOLUME ON DESIGNATED EXCHANGES. | ShortExplanationTxt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| PAYROLL TAXES | $188,292 | $0 | $0 | $159,858 |
| FEDERAL EXCISE TAX | $411,650 | $0 | $0 | $0 |
| OTHER | $71,231 | $28,666 | $0 | $0 |