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Nonprofiteer
← DROPBOX FOUNDATION

Form 990 for tax year 2022

Filed by DROPBOX FOUNDATION.

Totals

Total revenue
$461,434
Total expenses
$1,767,321
Contributions and grants received
$0
Grants paid
$1,600,000
Program service revenue
$0
Investment income
$461,434
Other revenue
$0
Total assets, end of year
$23,165,388
Total liabilities, end of year
$72,200
Net assets or fund balances, end of year
$23,093,188
Program services expenses (Part IX)
$1,767,321
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$1,767,321

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 3 · Investment income

    total $105,874 · excluded $105,874

  • 7a · Gross sales of assets other than inventory

    securities $3,044,833

  • 7b · Less cost or other basis and sales expenses

    securities $2,689,273

  • 7c · Gain or loss

    securities $355,560

  • 7d · Net gain or loss

    total $355,560 · excluded $355,560

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $975,000 · program services $975,000

  • 3 · Grants to foreign organizations and individuals

    total $625,000 · program services $625,000

  • 11b · Fees: legal

    total $5,625 · program services $5,625

  • 11c · Fees: accounting

    total $5,000 · program services $5,000

  • 11f · Fees: investment management

    total $16,907 · program services $16,907

  • 14 · Information technology

    total $19 · program services $19

  • 17 · Travel

    total $3,884 · program services $3,884

  • 19 · Conferences, conventions and meetings

    total $500 · program services $500

  • 24a · Other expenses: GRANT ASSESSMENT FEES

    total $129,500 · program services $129,500

  • 24b · Other expenses: MEMBERSHIP DUES & REG.

    total $5,000 · program services $5,000

  • 24c · Other expenses: FILING FEES

    total $886 · program services $886

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $887,780 · end of year $1,855,469

  • 11 · Investments: publicly traded securities

    beginning of year $26,410,278 · end of year $21,309,919

  • 17 · Accounts payable and accrued expenses

    beginning of year $38,046 · end of year $47,200

  • 18 · Grants payable

    beginning of year $100,000 · end of year $25,000

  • 28 · Net assets with donor restrictions

    beginning of year $27,160,012 · end of year $23,093,188

Mission and programs · 2022

Mission

THE DROPBOX CHARITABLE FOUNDATION PARTNERS WITH IMPACTFUL ORGANIZATIONS THAT DEFEND HUMAN RIGHTS AROUND THE WORLD. (CONT SCH O)DCF PROVIDES UNRESTRICTED GRANTS, AND TO MAKE THAT FUNDING GO FURTHER, WE MATCH ORGANIZATIONAL NEEDS TO THE CAPABILITIES OF DROPBOX EMPLOYEE VOLUNTEERS.

Activities or mission (Part I)

WE PARTNER WITH IMPACTFUL ORGANIZATIONS TO DEFEND HUMAN RIGHTS AROUND THE WORLD.

  • THE DROPBOX FOUNDATION PARTNERS WITH IMPACTFUL ORGANIZATIONS THAT DEFEND HUMAN RIGHTS AROUND THE WORLD. WE PROVIDE UNRESTRICTED GRANTS - AND TO MAKE THAT FUNDING GO FURTHER, WE MATCH ORGANIZATIONAL NEEDS TO THE CAPABILITIES OF DROPBOX EMPLOYEE VOLUNTEERS.WE'RE BUILDING A RELATIONSHIP WITH OUR GRANTEE PARTNERS BASED ON TRUST. THE DROPBOX FOUNDATION CONNECTS THESE PARTNERS TO EACH OTHER SO THEY CAN SHARE THE VALUABLE KNOWLEDGE THEY'VE GATHERED OVER THE YEARS. MUTUAL RESPECT AND A SHARED PASSION FOR DEFENDING HUMAN RIGHTS GUIDE EVERYTHING WE DO.

    Expenses $1,767,321 · Grants $1,600,000

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Bart Volkmer

    PRESIDENT & DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Amber Cottle

    VICE PRESIDENT & DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Saman Asheer

    VP OF COMMUNICATIONS & DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Gregory Ratliff

    DIRECTOR

    Total calculated
    $481,232
    From this org
    $0
    From related orgs
    $442,197
    Other
    $39,035
    Hours/week
    0.5 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $365,346 related
    Bonus
    $0 + $76,851 related
    Other
    $0
    Deferred
    $0 + $25,187 related
    Nontaxable benefits
    $0 + $13,848 related
    Filer's total
    $0 + $481,232 related

  • Nicholas Hodges

    TREASURER & DIR. (05/2022-12/31/2022)

    Total calculated
    $537,847
    From this org
    $0
    From related orgs
    $483,336
    Other
    $54,511
    Hours/week
    0.5 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $409,006 related
    Bonus
    $0 + $74,330 related
    Other
    $0
    Deferred
    $0 + $27,495 related
    Nontaxable benefits
    $0 + $27,016 related
    Filer's total
    $0 + $537,847 related

  • Shermane Bilal

    DIRECTOR

    Total calculated
    $197,257
    From this org
    $0
    From related orgs
    $168,830
    Other
    $28,427
    Hours/week
    0.5 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $145,979 related
    Bonus
    $0 + $22,851 related
    Other
    $0
    Deferred
    $0 + $15,269 related
    Nontaxable benefits
    $0 + $13,158 related
    Filer's total
    $0 + $197,257 related

  • Heather Grady

    DIRECTOR

    Total calculated
    $368,599
    From this org
    $0
    From related orgs
    $321,104
    Other
    $47,495
    Hours/week
    0.5 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $272,729 related
    Bonus
    $0 + $48,375 related
    Other
    $0
    Deferred
    $0 + $27,450 related
    Nontaxable benefits
    $0 + $20,045 related
    Filer's total
    $0 + $368,599 related

  • Christopher Welch

    TREASURER & DIR. (THRU 05/2022)

    Total calculated
    $296,676
    From this org
    $0
    From related orgs
    $275,566
    Other
    $21,110
    Hours/week
    0.5 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $93,546 related
    Bonus
    $0 + $29,620 related
    Other
    $0 + $152,400 related
    Deferred
    $0 + $14,059 related
    Nontaxable benefits
    $0 + $7,051 related
    Filer's total
    $0 + $296,676 related

  • Tina Lee

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4a · Severance or change-of-control payment

Answered no

  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 4A
FORMER TREASURER & DIRECTOR, CHRISTOPHER WELCH, RECEIVED A SEVERANCE PAYMENT IN THE AMOUNT OF $152,400 IN CALENDAR YEAR 2022 FROM THE FOUNDATION'S SUPPORTED ORGANIZATION, ROCKEFELLER PHILANTHROPY ADVISORS, INC. THIS AMOUNT HAS BEEN REPORTED IN SCHEDULE J, PART II, COLUMN (B)(III).

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • ROCKEFELLER PHILANTHROPY ADVISORS EUROPE

    C · CONSULTING · UK

    Directly controlled by RPA

Provenance

Return type
form_990
Tax year
2022
Filed
1 November 2023
IRS schema version
2022v5.0
Source object
202323059349301442

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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