Rippleworks Inc
- Assets
- $1.4b
- Revenue
- $196.6m
- Investments
- $1.4b
- Employees
- 0
- Location
- Redwood City, CA
- Founding
- 09/2015
- Data as of
- 04/2022
- EIN
- 46-5604812
Organization Overview
Rippleworks Inc is located in Redwood City, CA. The organization was established in 2015. According to its NTEE Classification (Q30) the organization is classified as: International Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rippleworks Inc 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 04/2022, Rippleworks Inc generated $196.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 61.7% each year . All expenses for the organization totaled $48.4m during the year ending 04/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Rippleworks Inc has awarded 331 individual grants totaling $132,195,033. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE ENVISION A WORLD WHERE ALL PEOPLE HAVE EQUITABLE ACCESS TO THE RESOURCES AND OPPORTUNITIES TO LIVE LIFE TO THE FULLEST POTENTIAL. OUR MISSION IS TO BE RELENTLESSLY FOCUSED ON THE NEEDS OF SOCIAL VENTURES, PROVIDING THE PRACTICAL SUPPORT IMPACTFUL ENTREPRENEURS AND THEIR TEAMS NEED TO IMPROVE MORE LIVES.
CAPITAL INVESTS IN HIGH-GROWTH SOCIAL VENTURES TO HELP SCALE THEIR IMPACT AND IMPROVE MORE LIVES.
LEADERS STUDIO BRINGS TOGETHER PRACTICAL EXPERIENCE AND EFFECTIVE LEARNING METHODS TO BUILD AND DELIVER LEARNING PROGRAMS TO LEADERS ACROSS THE GLOBE.
MARKETING HELPS THE RIPPLEWORKS TEAM TO ACHIEVE IMPACT BY PARTICIPATING IN INDUSTRY CONVENINGS/EVENTS TO INFLUENCE OTHERS IN THE NONPROFIT ECOSYSTEM BY SHARING OUR LEARNINGS AND ADVOCATING FOR WAYS THE SECTOR CAN BETTER SUPPORT IMPACTFUL SOCIAL VENTURES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Doug Galen President/ceo | 40 | $832,250 | |
Christian Larsen Secretary/treasurer | 1 | $0 | |
Anushka Ratnayake Board Member | 1 | $0 | |
John Carroll Controller | 40 | $206,906 | |
Tim Kunihiro Managing Director, V | 40 | $300,595 | |
Ayesha Wagle Head Of Investments | 40 | $300,833 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Deel Inc | 4/29/23 | $230,382 |
Ground Floor Public Affairs | 4/29/23 | $180,000 |
Forshay Inc | 4/29/23 | $100,125 |
Davis Wright Tremaine Llp | 4/29/23 | $96,139 |
Bpm Llp | 4/29/23 | $94,863 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $400,000 |
| Interest on Savings | $1,771,235 |
| Dividends & Interest | $915,730 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $193,027,618 |
| Capital Gain Net Income | $457,891,002 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $438,341 |
| Total Revenue | $196,552,924 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $826,060 |
| Other employee salaries and wages | $4,478,284 |
| Pension plans, employee benefits | $511,756 |
| Interest | $0 |
| Taxes | $6,870,605 |
| Depreciation | $12,491 |
| Occupancy | $422,068 |
| Travel, conferences, and meetings | $46,652 |
| Printing and publications | $261 |
| Other expenses | $971,506 |
| Total operating and administrative expenses | $15,397,611 |
| Contributions, gifts, grants paid | $33,022,870 |
| Total expenses and disbursements | $48,420,481 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,337,701 |
| Savings and temporary cash investments | $51,118,650 |
| 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 | $1,879,872 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,299,622,690 |
| Net Land, buildings, and equipment | $30,655 |
| Other assets | $11,950,346 |
| Total assets | $1,430,287,040 |
| Accounts payable and accrued expenses | $226,013 |
| 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 | $11,146,712 |
| Total liabilities | $11,372,725 |
Grants Awarded
Over the last fiscal year, Rippleworks Inc has awarded $55,039,869 in support to 109 organizations.
| Grant Recipient | Amount |
|---|---|
SAVELIFE FOUNDATION PURPOSE: GENERAL SUPPORT | $750,000 |
MAMATOTO VILLAGE PURPOSE: GENERAL SUPPORT | $50,000 |
GIRLS ON THE RUN OF THE ROCKIES PURPOSE: GENERAL SUPPORT | $1,000 |
DONORSCHOOSE PURPOSE: GENERAL SUPPORT | $200 |
DONORSCHOOSE PURPOSE: GENERAL SUPPORT | $1,735 |
NEW BREATH FOUNDATION PURPOSE: GENERAL SUPPORT | $50,000 |