EIN 82-4951039

Draper Hero Institute

IRS 501(c) type
501(c)(3)
Num. employees
0
Year formed
2018
Most recent tax filings
2023-12-01
NTEE code, primary
Description
Draper Hero Institute promotes global entrepreneurship with a virtual reality arcade and provides modern resources for future entrepreneurs worldwide.
Total revenues
$-37,462
2023
Total expenses
$695,807
2023
Total assets
$0
2023
Num. employees
0
2023

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

GranteeGrant descriptionAmount
Hero Training FoundationGeneral Support$23,185

Personnel at Draper Hero Institute

NameTitleCompensation
Frank CreerChief Executive Officer and President$0
Desiree OmranChief Financial Officer and Treasurer$0
Timothy DraperChairperson$0
Karen Mostes-WithrowSecretary$0

Financials for Draper Hero Institute

RevenuesFYE 12/2023
Total grants, contributions, etc.$0
Program services$27,202
Investment income and dividends$4
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$-64,668
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$-37,462

Form 990s for Draper Hero Institute

Fiscal year endingDate received by IRSFormPDF link
2023-122024-11-14990View PDF
2022-122023-11-13990View PDF
2021-122022-11-13990View PDF
2020-122021-11-09990View PDF
2019-122021-01-21990View PDF
...and 1 more Form 990
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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