Program areas at Draper Hero Institute
Our goal is to enable the general public the ability to experience, learn, & access tangible technology through a state of the art virtual reality (vr) arcade. The newest vr technologies tend to be very expensive for consumers to purchase and access, which creates a barrier for the average consumer. We will carefully observe how these technologies are used in practice with goals to improve educational outcomes to further our mission. We hope to delight our customers by providing them with the latest and greatest technologies at a low pay per minute cost.
Launched in 2021, we have ignited an innovative research index consisting of a series of data indicators on the state of entrepreneurial activity, environment, and drivers - nationally and globally. The Draper innovation index (dii) looks at key success factors, metrics, and indicators that support the performance of startups and businesses. Dii serves as a benchmark to facilitate the creation of new jobs and economic prosperity, pursue emerging opportunities in vc funding, startup culture, and examine government qualities and regulatory environments.
Dhi runs the makerspace in the heart of silicon valley where young entrepreneurs and emerging technology businesses are networking together and creating new ideas through a shared workspace. With over 34,000 total sq ft. and two floors of shop and office space, the makerspace is perfect for technology start-ups.
Grants made by Draper Hero Institute
Personnel at Draper Hero Institute
Name | Title | Compensation | Date of data |
---|
Frank Creer | Chief Executive Officer and President | $0 | 2022-12-31 |
Desiree Omran | Chief Financial Officer and Treasurer | $0 | 2023-11-13 |
Timothy Draper | Chairperson | $0 | 2022-12-31 |
Karen Mostes-Withrow | Secretary | $0 | 2022-12-31 |
Financials for Draper Hero Institute
Revenues | FYE 12/2023 | FYE 12/2022 | % Change |
---|
Total grants, contributions, etc. | $0 | $0 | - |
Program services | $27,202 | $79,285 | -65.7% |
Investment income and dividends | $4 | $62 | -93.5% |
Tax-exempt bond proceeds | $0 | $0 | - |
Royalty revenue | $0 | $0 | - |
Net rental income | $0 | $0 | - |
Net gain from sale of non-inventory assets | $-64,668 | $0 | -999% |
Net income from fundraising events | $0 | $0 | - |
Net income from gaming activities | $0 | $0 | - |
Net income from sales of inventory | $0 | $0 | - |
Miscellaneous revenues | $0 | $0 | - |
Total revenues | $-37,462 | $79,347 | -147.2% |
Data update history
January 4, 2024
Posted financials
Added Form 990 for fiscal year 2022
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
June 19, 2023
Updated personnel
Identified 1 new personnel
May 21, 2023
Used new vendors
Identified 1 new vendor, including
August 16, 2022
Posted financials
Added Form 990 for fiscal year 2020
Nonprofit Types
Social advocacy organizationsSchoolsEducational service providersCharities
Issues
Education
Characteristics
Partially liquidatedTax deductible donationsNo full-time employeesAccepts online donations
General information
- Address
- 55 E 3rd Ave
- San Mateo, CA 94401
- Metro area
- San Francisco-Oakland-Berkeley, CA
- County
- San Mateo County, CA
- Website URL
- draperhero.org/
- Phone
- (650) 234-8541
IRS details
- EIN
- 82-4951039
- Fiscal year end
- December
- Taxreturn type
- Form 990
- Year formed
- 2018
- Eligible to receive tax-deductible contributions (Pub 78)
- Yes
Categorization
- NTEE code, primary
- B90: Educational Services
- NAICS code, primary
- 813319: Social Advocacy Organizations
- Parent/child status
- Independent
California AB-488 details
- AB 488 status
- Not Operating or In Process of Dissolving
- Charity Registration status
- Dissolution Waiver Issued
- FTB status revoked
- Not revoked
- AG Registration Number
- CT0259159
- FTB Entity ID
- 4128531
- AB 488 data last updated ("as-of") date
- 2025-01-15
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