Cause IQ organization profile

Rippleworks

Form 990s | Financials | Vendors | Personnel | Peers

Rippleworks is a private foundation based in Redwood City, CA that was founded in 2015. As of 2018 they had $296 million in revenue and $1.2 billion in assets.

Previous legal names or variations of their name include: Ripple Foundation For Financial Innovation.

EIN:

46-5604812

City:

Redwood City

State:

California

Metro:

San Francisco-Oakland-Berkeley, CA

Website:

rippleworks.org

Founded:

2015

Type:

501(c)(3)

NTEE:

T20: Private foundations

Revenue:

$296,916,284

Assets:

$1,232,698,143

Fiscal year end:

April

Revenue trends:

Asset trends:

Form 990s for Rippleworks

Fiscal year ending	Date received by IRS	Form	PDF link
2018-04	May 14, 2019	990PF	View PDF
2017-04	Apr 10, 2018	990PF	View PDF
2016-04	Apr 3, 2018	990PF	View PDF
2016-04	Oct 19, 2017	990PF	View PDF
2015-04	Oct 13, 2017	990PF	View PDF

Financials for Rippleworks

Field	2018	2017	% Change
Total grants, contributions, etc.	$178,567,275	$6,356,000	2709.4%
Investment income and dividends	$156,649	$0	999%
Net rental income	$0	$0
Net gain from sale of non-inventory assets	$118,186,860	$664,659	17681.6%
Gross sales of inventory	$0	$0
Miscellaneous revenues	$5,500	$0	999%
Total revenues	$296,916,284	$7,020,659	4129.2%

Field	2018	2017	% Change
Compensation of current officers, etc.	$684,955	$517,477	32.4%
Non-officer salaries and wages	$804,124	$469,264	71.4%
Pension/retirement accruals and contributions	$50,355	$28,501	76.7%
Legal fees	$156,038	$0	999%
Accounting fees	$206,803	$3,165	6434.1%
Other fee-for-service	$85,584	$21,952	289.9%
Interest	$0	$0
Depreciation, amortization, etc.	$3,943	$0	999%
Occupancy	$74,059	$20,108	268.3%
Travel	$73,145	$39,992	82.9%
Office expenses
Grants to all govts., orgs., and individuals	$0	$0
All other expenses	$24,228,310	$1,829,982	1224.0%
Total expenses	$26,369,748	$2,930,441	799.9%

Field	2018	2017	% Change
Cash (non-interest-bearing)	$2,301,164	$1,503,570	53.0%
Savings, short-term investments, etc.	$41,974,506	$0	999%
Accounts receivable	$957,209	$150,207	537.3%
Pledges and grants receivable	$957,209	$5,864,907	-83.7%
Loans receivable from officers, directors, etc.	$187,803	$0	999%
Notes and loans receivable	$0	$0
Inventories for use	$0	$0
Prepaid expenses and deferred charges	$25,054	$18,044	38.8%
Investments in government obligations	$0	$0
Investments in corporate stock	$0	$0
Investments in corporate bonds	$0	$0
Investments in land, buildings, and equipment	$0	$0
Investments in mortgage loans	$0	$0
Other types of investments	$1,171,207,709	$56,144,667	1986.1%
Buildings, equipment, etc. post-depreciation	$183,337	$0	999%
Other assets	$15,861,361	$389,684	3970.3%
Total assets	$1,232,698,143	$63,920,872	1828.5%

Field	2018	2017	% Change
Accounts payable and accrued expenses	$139,278	$134,443	3.6%
Grants payable	$0	$0
Deferred revenue	$0	$0
Loans payable to officers and disqualified persons	$0	$0
Secured mortgages and notes payable to unrelated third parties	$0	$0
Other liabilities	$22,871,963	$2,198,130	940.5%
Total liabilities	$23,011,241	$2,332,573	886.5%

Field	2018	2017	% Change
Unrestricted net assets	$1,209,686,902	$0	999%
Temporarily restricted net assets	$0	$0
Permanently restricted net assets	$0	$0

Vendors for Rippleworks

Vendor	Services	Amount paid	Date
WordPress	Content management system software		2020-06-26
███ ███	Tax accounting; Accounting Services	$197,733	2018-12-14
██████ ███	Software		2018-04-15
█████ ██████ ████████ ███	Legal Services	$116,079	2018-04-01

Personnel at Rippleworks

Name	Title	Compensation	Most recent data
Doug Galen	Cofounder and Chief Executive Officer	$418,775	June 11, 2020
Sung Hae Kim	Chief People Person	-	June 11, 2020
████ █████	Vice President	-	June 11, 2020
███ ████████	Managing Director	-	June 11, 2020
██████ █████	Head of Investments	-	June 11, 2020
███ ███	Head of Marketing	-	June 11, 2020
███████ ████	Head of Talent	-	June 11, 2020
███████ ████████	Head of Insights	-	June 11, 2020
█████ █████	Head of Venture Growth	-	June 11, 2020
████ ███████	Portfolio Manager	-	June 11, 2020
...and four more key personnel

Peer private foundations

	Name	Type	Revenue	Location
1	James Irvine Foundation	501(c)(3)	$128 million	San Francisco, CA
2	Medtronic Foundation	501(c)(3)	$80 million	Fridley, MN
3	Tarsadia Foundation	501(c)(3)	$106 million	Newport Beach, CA
4	David and Lucile Packard Foundation	501(c)(3)	$355 million	Los Altos, CA
5	Sobrato Family Foundation (SFF)	501(c)(3)	$76 million	Mountain View, CA
6	Heising Simons Foundation	501(c)(3)	$179 million	Los Altos, CA
7	Rodan Family Foundation	501(c)(3)	$100 million	Orinda, CA
8	William and Flora Hewlett Foundation	501(c)(3)	$609 million	Menlo Park, CA
9	Saul Brandman Foundation	501(c)(3)	$226 million	Beverly Hills, CA
10	Gordon E and Betty I Moore Foundation	501(c)(3)	$530 million	Palo Alto, CA
11	The Schmidt Family Foundation (TSFF)	501(c)(3)	$613 million	Palo Alto, CA
12	Robertson Foundation	501(c)(3)	$93 million	New York, NY
13	Matan B'seter Foundation	501(c)(3)	$289 million	New York, NY
14	M J Murdock Charitable Trust	501(c)(3)	$115 million	Vancouver, WA
15	Surdna Foundation	501(c)(3)	$81 million	New York, NY
16	The Ford Foundation	501(c)(3)	$757 million	New York, NY
17	Klarman Family Foundation	501(c)(3)	$106 million	Boston, MA
18	Robert Wood Johnson Foundation (RWJF)	501(c)(3)	$548 million	Princeton, NJ
19	THE Hollyhock Foundation	501(c)(3)	$189 million	New York, NY
20	William Penn Foundation	501(c)(3)	$217 million	Philadelphia, PA
21	Wyss Foundation	501(c)(3)	$169 million	Washington, DC
22	Barr Foundation	501(c)(3)	$150 million	Boston, MA
23	Brown Foundation	501(c)(3)	$79 million	Houston, TX
24	Mcknight Foundation	501(c)(3)	$183 million	Minneapolis, MN
25	U.S. Bank Foundation	501(c)(3)	$153 million	Milwaukee, WI

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Cause IQ organization profile

Rippleworks

Form 990s for Rippleworks

Financials for Rippleworks

Vendors for Rippleworks

Personnel at Rippleworks

Peer private foundations

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