Dropbox Foundation EIN 81-4755668

Dropbox Foundation FY2020 filing

EIN  81-4755668 Supporting organization New York, NY
Form 990 (PDF)
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →
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Verified accurate 9/4/26 · see original filing: IRS
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Size
$1–10M
What they do
Defending human rights globally by partnering with impactful organizations.
Leadership
Nicholas Hodges · Treasurer & Director (thru 11/20)
Money in and out
$922K revenue, $1.5M expenses
Bottom line
-59% net inflow

Defending human rights globally by partnering with impactful organizations. For fiscal year 2020 it reported $922K in revenue, $1.5M in expenses, and $25.6M in net assets.Pt I

Money in and out · FY2020
Total revenue
$922K
Pt VIII · Ln 12
Total expenses
$1.5M
Pt IX · Ln 25
Net assets
$25.6M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$544K
Where spending went · Part IX cols B–D
Program services $0.98 Management & general $0.02
Net inflow
-59%
revenue over expenses, this year
Pass-through gifts
0%
of revenue from contributions
Program spending
98%
of expenses reach stated programs

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$922K
FY2020
Expenses
$1.5M
FY2020
Total assets
$25.6M
FY2020
Total liabilities
$963
FY2020
Total revenue
$922K
Pt VIII · Ln 12
Total expenses
$1.5M
Pt IX · Ln 25
Net assets
$25.6M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$544K
Total assetsPt X · Ln 16$25.6M
Program-expense ratioPt IX · col B98%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 43
Mission & Programs · Part III

Where the work happens

1 program service account for $1.4M of program spending, described in the organization's own filed words · FY2020.
01

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.

$1.4Mprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CDropbox Foundation
EINHdr · item D81-4755668
Principal addressHdr · item CNew York, NY
WebsiteHdr · item Jdropbox.foundation
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T30)
Ruling yearIRS BMFJun 2017

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b3
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Treasurer & Director (thru 11/20)
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
President & Director
$0Pt VII · Sec A
Vice President & Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Treasurer & Director (as of 11/20)
$0Pt VII · Sec A
See Dropbox Foundation executive salaries →

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Statement of Revenue

Part VIII
Investment income100%$922K
Contributions & grants$24
Total revenueLn 12$922K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.98 Management & general $0.02
Program services98%$1.4M
Management & general2%$37K
Total functional expensesLn 25$1.5M

Balance Sheet

Part X · end of year
CashLn 1$3.0M
Total assetsLn 16$25.6M
Total liabilitiesLn 26$963
Total net assetsLn 32$25.6M
Months of cash on handcomputed24.5

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $25.6M · Operating expenses/yr $1.5M
209.5 months
Where the money goes
Program services
Program services $1.4M · Total expenses $1.5M
98%
Management & General
Management & general $37K · Total expenses $1.5M
2%
Fundraising
Fundraising $0 · Total expenses $1.5M
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $24
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $24 · Total revenue $922K
0%
Government reliance
Government grants — · Total revenue $922K
Earned-income share
Program service revenue $0 · Total revenue $922K
0%
Investment reliance
Investment income $922K · Total revenue $922K
+100%
Program self-sufficiency
Program service revenue $0 · Total expenses $1.5M
0%
Growth & trend
Revenue growth (YoY)
This year $922K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $25.6M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $922K · Expenses $1.5M
-59%
Liabilities-to-Assets
Total liabilities — · Total assets $25.6M
Net-asset ratio
Net assets $25.6M · Total assets $25.6M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $22.6M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $25.6M
88%
People & payroll
Highest Reported Total Compensation
Individual Nicholas Hodges · Reported title TREASURER & DIRECTOR (THRU 11/20) · Highest reported compensation $0 · Total expenses $1.5M
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $1.5M
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 98%
Overhead ratio 2%
Fundraising cost ratio 0%
Investment management fee ratio 0%
Legal fee ratio 1%

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.

Grants

Schedule I · this organization's grantmaking
Grants paid · 25 grants · $4.4M · 2020–2024
Women for Women InternationalDC · FY2024$200,000
Outright Action InternationalNY · FY2024$200,000
Kind INCDC · FY2024$200,000
Raheem AiCA · FY2024$7,000
Mockingbird SocietyWA · FY2024$7,000
Women for Women InternationalDC · FY2023$200,000
Raheem AiCA · FY2023$200,000
Mockingbird SocietyWA · FY2023$200,000
Kind INCDC · FY2023$200,000
Outright Action InternationalNY · FY2023$150,000
Women for Women InternationalDC · FY2022$200,000
Raheem AiCA · FY2022$200,000
Mockingbird SocietyWA · FY2022$200,000
Kind INCDC · FY2022$200,000
Outright Action InternationalNY · FY2022$175,000
Allies Against SlaveryTX · FY2021$225,000
See all 25 grants →

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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
FY2024 (Latest)$2.0M revenue · ⤓ 990 PDF
FY2023$2.1M revenue · ⤓ 990 PDF
FY2022$461K revenue · ⤓ 990 PDF
FY2021$2.4M revenue · ⤓ 990 PDF
FY2020$922K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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