Nonprofit · EIN 46-3699756
DRG FOUNDATION
Tax-exempt · CORTE MADERA, CA 94925
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $725,140 | $383,432 | $341,708 | $8,133,128 | $0 | $8,133,128 |
| December 31, 2023 | 990 | $319,256 | $375,627 | -$56,371 | $7,693,470 | $0 | $7,693,470 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $9,335
- Program service revenue
- $0
- Investment income
- $715,805
- Net gain from sales of assets
- $373,521
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $313,500
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $7,803
- Depreciation
- $4,702
- Program services (functional)
- $318,202
- Management and general (functional)
- $65,230
Balance sheet and other
- Total assets, start of year
- $7,693,470
- Total assets, end of year
- $8,133,128
- Total liabilities, end of year
- $0
- Net assets, end of year
- $8,133,128
- Land, buildings and equipment
- $162,918
- Publicly traded securities
- $7,486,245
- Net assets without donor restrictions
- $8,133,128
- Gross receipts
- $2,563,424
- Employees
- 0
- Volunteers
- 10
- Year formed
- 2013
- State of legal domicile
- CA
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 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Richard Ghilotti | Board Chairman Trustee or director, Officer | 0.5 | $0 |
| Greg Choma | President Trustee or director, Officer | 2 | $0 |
| William Ghilotti | Director Trustee or director | 0 | $0 |
| Rochelle Ghilotti | Director Trustee or director | 0 | $0 |
| Michelle Ghilotti Mandel | Secretary Trustee or director, Officer | 0.5 | $0 |
| Josh Mandel | Director Trustee or director | 0.5 | $0 |
| Matt Cappiello | Director Trustee or director | 0.1 | $0 |
| Emily Fiel | Treasurer Trustee or director, Officer | 1 | $0 |
| Whitney Stoner | Director Trustee or director | 0.5 | $0 |
| Nico Dumont | Director Trustee or director | 0 | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Richard Ghilotti | Board Chairman Trustee or director, Officer | 0.5 | $0 |
| Greg Choma | President Trustee or director, Officer | 2 | $0 |
| William Ghilotti | Director Trustee or director | 0 | $0 |
| Rochelle Ghilotti | Director Trustee or director | 0 | $0 |
| Michelle Ghilotti Mandel | Secretary Trustee or director, Officer | 0.5 | $0 |
| Josh Mandel | Director Trustee or director | 0.5 | $0 |
| Matt Cappiello | Director Trustee or director | 0.1 | $0 |
| Emily Fiel | Treasurer Trustee or director, Officer | 0.5 | $0 |
| Whitney Stoner | Director Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 206 BALTIMORE AVE, CORTE MADERA, CA 94925-1423
- In care of
- % RICHARD GHILOTTI
- Principal officer (990 for 2024)
- Greg Choma, 206 Baltimore Avenue, Corte Madera, CA 94925
- Signed the 990
- Greg Choma, President
- Phone
- (707) 540-5722
- Website
- www.thedgfoundation.org
- Return prepared by
- BROTEMARKLE DAVIS & COMPANY LLP
Mission
The organization is dedicated to providing financial support to Bay Area students who are passionate about academics, athletics, and the arts. The DRG Foundation provides grants to Marin Catholic High School in Marin, California, Santa Clara University in Santa Clara, California, and the University of Miami in Miami, Florida, specifically allocated for student scholarships. Furthermore, the organization supports art and athletic programs, and contributes to art and athletic facility enhancements throughout the San Francisco Bay Area.
Program accomplishments
- The organization gave grants to four organizations, including two schools, for the advancement of education.Expenses $318,202 · grants $313,500
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. 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 | No data |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 46-3699756
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2014
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Unknown (Z99)
- Assets (IRS master file)
- $8,274,900
- Income (IRS master file)
- $1,688,379
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $725,140 | $383,432 | $8,133,128 | XML |
| 990 | December 2023 | $319,256 | $375,627 | $7,693,470 | XML |
| 990 | December 2022 | $986,039 | $118,979 | $7,239,511 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about DRG FOUNDATION
- What is the EIN of DRG FOUNDATION?
- The employer identification number (EIN) of DRG FOUNDATION is 46-3699756.
- Is DRG FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
- Are donations to DRG FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does DRG FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of DRG FOUNDATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did DRG FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of DRG FOUNDATION?
- The 990 for the year ended December 31, 2024 names Greg Choma.
- Who are the officers and directors of DRG FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 10 people; 0 received compensation from the organization.
- How much revenue does DRG FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $725,140, expenses of $383,432 and total assets of $8,133,128 at year end.
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