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D&k Foundation EIN 33-1730945

D&k Foundation

EIN  33-1730945 Private foundation / grantmaker Millbrae, CA
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Size
$100K–1M
What they do
A private foundation based in Millbrae, CA. It reported about $153K in revenue for 2025.
Leadership
David Massolo · CEO
Money in and out
$153K revenue, $45K expenses
Bottom line
—

A private foundation based in Millbrae, CA. It reported about $153K in revenue for 2025. For fiscal year 2025 it reported $153K in revenue, $45K in expenses, and $332K in net assets.Pt I

Grants paid & assets · FY2025
Total revenue
$153K
Pt VIII · Ln 12
Total expenses
$45K
Pt IX · Ln 25
Net assets
$332K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $108K
Total assets
332K
deployed as grants and operations
Grants paid
43K
in FY2025
Grants made
25grants
total in period
Payout rate
13%
of assets (5% rule)

Who They Fund

Part XV · grants paid · 25 grants · $43K · 2025–2025
Habitat for HumanityFY2025$5,000
City of Millbrae Recreation DepartmFY2025$5,000
Second HarvestFY2025$4,000
San Francisco Historical SocietyFY2025$3,500
Kdfc Radio StationFY2025$2,500
UcsfFY2025$2,000
Queen of Peace FoundationFY2025$2,000
Millbrae Historical SocietyFY2025$2,000
Millbrae Community FoundationFY2025$2,000
Mills Peninsula Medical CenterFY2025$2,000
KqedFY2025$2,000
Sf Maritime National Historical ParFY2025$2,000
De Young MuseumFY2025$1,100
San Mateo County Historical SocietyFY2025$1,000
Lead Law Enforcement Against DrugsFY2025$1,000
Farming HopeFY2025$1,000
Angel Island Immigration StationmusFY2025$1,000
Peninsula Open Space TrustFY2025$1,000
See all 25 grants →

Grantmaking Profile

Patterns in foundation giving
Average grantPart XV$2K
Median grantPart XV$1K
Largest grantPart XV$5K

Summary of the Filing

Part I · fiscal year 2025 · Form 990-PF
Revenue
$153K
FY2025▼ -36%
Expenses
$45K
FY2025▲ +214%
Total assets
$332K
FY2025▲ +48%
Total liabilities
$52
FY2025
Total revenue
$153K
Pt VIII · Ln 12
Total expenses
$45K
Pt IX · Ln 25
Net assets
$332K
Pt X · Ln 32
Total assetsPt II$332K

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CD&k Foundation
EINHdr · item D33-1730945
Principal addressHdr · item CMillbrae, CA
WebsiteHdr · item Jnone reported
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFCommunity Development (S99)
Ruling yearIRS BMFSep 2025

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1apending
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12a—
Whistleblower policyPt VI · Ln 13—
Document retention policyPt VI · Ln 14—
CEO/top-official compensation independently reviewedPt VI · Ln 15a—
Family or business relationships among officers/directorsPt VI · Ln 2—

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
See D&k Foundation executive salaries →

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Statement of Revenue

Part VIII
Contributions & grants$144K · 94%
Investment income$9K · 6%
Contributions & grants94%$144K
Investment income6%$9K
Total revenueLn 12$153K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Grants & contributions paid $0.96 Operating & administrative $0.04
Grants & contributions paid96%$43K
Operating & administrative4%$2K
Total functional expensesLn 25$45K

Balance Sheet

Part X · end of year
CashLn 1$332K
Total assetsLn 16$332K
Total liabilitiesLn 26$52
Total net assetsLn 32$332K
Months of cash on handcomputed88.5

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Payout rate
Grants paid $0 · Total assets $332K
0%
Where the money comes from
Contribution dependence
Contributions & grants — · Total revenue $153K
—
Government reliance
not reported
Earned-income share
not reported
Investment reliance
Investment income $0 · Total revenue $153K
0%
Program self-sufficiency
not reported
Growth & trend
Revenue growth (YoY)
This year $153K · Prior year $239K
-36%
Net-asset trend (YoY)
End of year $332K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $153K · Expenses $45K
+71%
Liabilities-to-Assets
Total liabilities — · Total assets $332K
—
Net-asset ratio
Net assets $332K · Total assets $332K
100%
People & payroll
Highest Reported Total Compensation
Individual David Massolo · Reported title CEO · Highest reported compensation $0 · Total expenses $45K
0%
Personnel share
not reported
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Revenue growth -36%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$153K revenue · viewing · ⤓ 990 PDF
FY2024$239K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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