Overview
What is Draper Hero Institute?
Draper Hero Institute, founded by renowned Silicon Valley venture capitalist Timothy C. Draper, is a 501(c)3 nonprofit organization with a mission to foster global entrepreneurship. Located in San Mateo, California, the institute operates a maker's space and a virtual reality (VR) arcade. The primary goal is to make cutting-edge VR technologies accessible to the general public at an affordable pay-per-minute cost, thus breaking down financial barriers for consumers. As an action-oriented research institution, Draper Hero Institute focuses on non-conventional pathways to guide future entrepreneurs in the contemporary economy. Through innovative research programs, networking opportunities, and mentoring efforts via applied education, the institute aims to inspire creative thinking and ultimately drive positive change, preparing future entrepreneurs for heroic endeavors.
Official website here: www.draperhero.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Star rating)
The Draper Hero Institute has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and finance. The organization scored 100% in the Accountability & Finance beacon, indicating robust financial health and transparency. This high score is attributed to several factors, including having an entirely independent board of directors and no material diversion of assets, showcasing a well-structured governance framework.
In addition to its governance strengths, the Draper Hero Institute demonstrates effective financial management, with a program expense ratio of 73.05%. This indicates that the majority of its funds are directed towards its programs rather than administrative costs, ensuring that resources are utilized efficiently to support its mission. The organization also maintains essential policies, like conflict of interest and whistleblower policies, further enhancing its accountability.
While the ratings reflect a strong performance in governance and financial practices, potential donors and stakeholders may want to consider the specific programs and outcomes of the Draper Hero Institute to assess its impact. Overall, the organization stands out for its financial integrity and commitment to transparency, making it a trustworthy option for those looking to support nonprofit initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Draper Hero Institute legitimate?
Draper Hero Institute is a legitimate nonprofit organization registered as a 501(c)(3) entity. Draper Hero Institute submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.draperhero.org
What is the mission statement of Draper Hero Institute?
Draper Hero Institute, a 501(c)3 nonprofit organization, is committed to fostering global entrepreneurship. It achieves this goal through a maker's space and a virtual reality arcade. The institution, founded with a focus on inclusivity and opportunities for all, provides modern resources for future entrepreneurs worldwide. As an action-based research institution, Draper Hero Institute concentrates on non-traditional pathways to guide aspiring entrepreneurs in the new economy. It does this by igniting innovative research, fostering connections and networking, and offering mentorship through applied education. This approach aims to stimulate creative thinking and ultimately prepare future entrepreneurs to take on heroic endeavors.
Official website here: www.draperhero.org
Who is the CEO of Draper Hero Institute?
Frank Creer is the CEO of Draper Hero Institute The CEO's salary of Draper Hero Institute is $0 and their total compensation is $0.
Official website here: www.draperhero.org
What is the revenue of Draper Hero Institute?
Draper Hero Institute's revenue in 2024 was $0.
Official website here: www.draperhero.org
Who are the executives of Draper Hero Institute and what are their salaries?
Here are 6 key members and their salaries (Draper Hero Institute's CEO's salary is $0 and their total compensation is $0):
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Official website here: www.draperhero.org
Where can I find the form 990 for Draper Hero Institute?
Draper Hero Institute's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.draperhero.org
Learn more at the official website: www.draperhero.org
Mission Statement of Draper Hero Institute
Draper Hero Institute, a 501(c)3 nonprofit organization founded by renowned Silicon Valley venture capitalist and entrepreneur Timothy C. Draper, is committed to fostering global entrepreneurship. The institution operates as a maker's space and virtual reality arcade, providing modern resources for aspiring entrepreneurs worldwide. Draper Hero Institute (DHI) prioritizes inclusivity and opportunities for all, serving as an action-based research institution that focuses on non-traditional pathways to guide future entrepreneurs in the new economy.
DHI offers programs designed to ignite innovative research, harnessing the power of connectivity and networking to foster a collaborative environment. The institute's mission is to create a portal for creative thinking, ultimately driving change and preparing future entrepreneurs to take on heroic endeavors. Through applied education, mentoring, and a focus on non-traditional pathways, Draper Hero Institute empowers individuals to tackle challenges and shape the future of the global entrepreneurial landscape. The organization's efforts are centered on guiding future entrepreneurs to find success in the new economy, ensuring a brighter and more prosperous future for all.
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Impact
August, 2024
Draper Hero Institute's impact lies in its mission to provide modern resources for future entrepreneurs globally. By focusing on non-traditional pathways and offering innovative research programs, connectivity through networking, and mentoring opportunities, Draper Hero Institute aims to prepare individuals for entrepreneurial ventures in the new economy. Founded by renowned Silicon Valley venture capitalist Timothy C. Draper, this institution ensures inclusiveness and opportunities for all who aspire to embark on heroic endeavors in the entrepreneurial realm. Through its efforts, Draper Hero Institute is driving change and nurturing creative thinking to empower and equip future entrepreneurs for success.
This information is meant to be a general summary of Draper Hero Institute. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: $62
- Program Service Revenue: $79,285
- Gross Receipts: $79,347
Assets and Liabilities:
- Total Assets: $788,038
- Total Liabilities: $54,769
- Net Assets: $733,269
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MAKER'S SPACE
Revenue
$70,493
VIRTUAL REALITY ARCADE
Revenue
$8,792
Organization Details
Founding Year
2018
Principal Officer
Timothy Draper
Website
www.draperhero.orgNTEE Category
Code: B90 - Education
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