The DRG Foundation

EIN: 463699756 501(c)(3) Unknown

Corte Madera, CA

Total Revenue
$725,140
Total Expenses
$383,432
Total Assets
$8,133,128
Net Assets
$8,133,128
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2013
Legal Domicile
CA
Principal Officer
Greg Choma
Phone
7075405722
Tax Period
2024-01-01 to 2024-12-31

The DRG Foundation, founded in 2013, is a small nonprofit in the Unknown sector that reported $725K in total revenue in fiscal year 2024. Revenue surged 127% from the prior year, signaling strong growth momentum. The organization ran a surplus of $342K, a strong 47% operating margin.

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.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $9,335
Program Service Revenue $0
Investment Income $715,805
Other Revenue $0
TOTAL REVENUE $725,140

Expense Breakdown

Grants Paid $313,500
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $318,202
Other Expenses $69,932
TOTAL EXPENSES $383,432

Year-over-Year Comparison

2024 2023 Change
Revenue $725,140 $319,256 +1.3%
Expenses $383,432 $375,627 +0.0%
Net Income $341,708 $-56,371 -7.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
10
Employees
N/A
Volunteers
10

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Richard Ghilotti Board Chairman 0.50
Officer Director
$0 $0 $0
Greg Choma President 2.00
Officer Director
$0 $0 $0
William Ghilotti Director 0.00
Director
$0 $0 $0
Rochelle Ghilotti Director 0.00
Director
$0 $0 $0
Michelle Ghilotti Mandel Secretary 0.50
Officer Director
$0 $0 $0
Josh Mandel Director 0.50
Director
$0 $0 $0
Matt Cappiello Director 0.10
Director
$0 $0 $0
Emily Fiel Treasurer 1.00
Officer Director
$0 $0 $0
Whitney Stoner Director 0.50
Director
$0 $0 $0
Nico Dumont Director 0.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $725,140 $383,432 $8,133,128 $341,708
2023 $319,256 $375,627 $7,693,470 $-56,371
2022 $986,039 $118,979 $7,239,511 $867,060
2021 $318,364 $36,225 $6,718,054 $282,139
2020 $171,243 $226,094 $6,523,359 $-54,851
2019 $5,114,023 $247,105 $6,347,768 $4,866,918
2018 $72,728 $26,961 $1,318,685 $45,767
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