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Rippleworks Inc

  • Redwood City, CA
  • Tax-exempt since Sept. 2015
  • EIN: 46-5604812

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: International, Foreign Affairs and National Security / International Development, Relief Services (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$149M (2024)

Expenses
$56M (2024)

Total Assets
$1.42B (2024)

Total Liabilities
$9.48M (2024)

Source: Form 990 tax filings from 2015 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending April
2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$149,419,625
Expenses
$56,031,456
Net Income
$93,388,169
Net Assets
$1,409,613,544
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $10,037,899
6.7%
Dividends $3,990,798
2.7%
Sales of Assets $134,248,074
89.8%
Other Income $1,142,854
0.8%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $49,905,347
89.1%
Compensation of Officers* $1,143,749
2.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,419,088,778
Total Liabilities $9,475,234
Net Assets $1,409,613,544
Compensation
Key Employees and Officers Compensation Other
Doug Galen (President/Ceo) $845,945 $50,154
Tim Kunihiro (Managing Director, V) $330,813 $49,785
Ayesha Wagle (Head Of Investments) $330,746 $49,894
Sarah Burch (Senior Portfolio Man) $329,608 $24,450
Brooke Anna Rufo Hill (Head Of People And C) $296,157 $37,087
Lindsay Blodgett (Senior Director, Lea) $256,646 $24,516
John Carroll (Controller) $223,274 $24,376
Christian Larsen (Secretary/Treasurer) $0 $0
Anushka Ratnayake (Board Member) $0 $0
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Document Links

990-PF
Filed on March 15, 2025

Primary tax return for a private foundation's activities, finances, and governance

View Filing
XML

Fiscal Year Ending April
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$144,469,459
Expenses
$72,154,652
Net Income
$72,314,807
Net Assets
$1,101,364,718
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $180,000
0.1%
Interest Revenue $5,698,143
3.9%
Dividends $3,041,469
2.1%
Sales of Assets $134,711,629
93.2%
Other Income $838,218
0.6%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $61,906,995
85.8%
Compensation of Officers* $1,107,213
1.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,110,969,971
Total Liabilities $9,605,253
Net Assets $1,101,364,718
Compensation
Key Employees and Officers Compensation Other
Doug Galen (President/Ceo) $832,250 $45,864
Sarah Burch (Senior Portfolio Man) $317,661 $18,900
Ayesha Wagle (Head Of Investments) $300,833 $37,488
Tim Kunihiro (Managing Director, V) $300,595 $44,460
Brooke Anna Rufo Hill (Head Of People And C) $240,836 $34,855
Lindsay Blodgett (Senior Director, Lea) $228,029 $21,582
John Carroll (Controller) $206,906 $22,192
Christian Larsen (Secretary/Treasurer) $0 $0
Anushka Ratnayake (Board Member) $0 $0
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Document Links

990-PF
Filed on March 15, 2024

Primary tax return for a private foundation's activities, finances, and governance

View Filing
XML

Fiscal Year Ending April
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$196,552,924
Expenses
$48,420,481
Net Income
$148,132,443
Net Assets
$1,418,914,315
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $400,000
0.2%
Interest Revenue $1,771,235
0.9%
Dividends $915,730
0.5%
Sales of Assets $193,027,618
98.2%
Other Income $438,341
0.2%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $44,606,995
92.1%
Compensation of Officers* $826,060
1.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,430,287,040
Total Liabilities $11,372,725
Net Assets $1,418,914,315
Compensation
Key Employees and Officers Compensation Other
Doug Galen (President/Ceo) $782,361 $43,698
Sarah Burch (Senior Portfolio Man) $283,467 $20,896
Tim Kunihiro (Managing Director, V) $268,731 $40,291
Ayesha Wagle (Head Of Investments) $262,111 $32,863
Sung Hae Kim (Chief People Person) $241,100 $18,715
Lindsay Blodgett (Senior Director, Lea) $211,181 $14,596
Christian Larsen (Secretary/Treasurer) $0 $0
Anushka Ratnayake (Board Member) $0 $0
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Document Links

990-PF
Filed on Oct. 4, 2023

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML
990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending April
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$34,942,704
Expenses
$13,079,616
Net Income
$21,863,088
Net Assets
$1,108,220,523
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $234,000
0.7%
Interest Revenue $1,313,654
3.8%
Dividends $162,726
0.5%
Sales of Assets $32,770,168
93.8%
Other Income $462,156
1.3%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $11,191,459
85.6%
Compensation of Officers* $733,986
5.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,127,548,161
Total Liabilities $19,327,638
Net Assets $1,108,220,523
Compensation
Key Employees and Officers Compensation Other
Doug Galen (President/Ceo) $692,921 $41,065
Tim Kunihiro (Managing Director, V) $277,193 $38,974
Ayesha Wagle (Head Of Investments) $241,308 $30,085
Sarah Burch (Senior Portfolio Man) $230,034 $19,498
Sung Hae Kim (Chief People Person) $204,060 $19,212
Pradeep Suthram (Venture Growth Direc) $199,567 $21,023
Christian Larsen (Secretary/Treasurer) $0 $0
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Document Links

990-PF
Filed on March 14, 2022

Primary tax return for a private foundation's activities, finances, and governance

View Filing
XML

Fiscal Year Ending April
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$31,948,273
Expenses
$20,887,704
Net Income
$11,060,569
Net Assets
$387,452,525
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $500
0.0%
Interest Revenue $933,594
2.9%
Dividends $1,044,608
3.3%
Sales of Assets $29,632,135
92.8%
Other Income $337,436
1.1%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $10,603,177
50.8%
Compensation of Officers* $759,875
3.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $398,839,498
Total Liabilities $11,386,973
Net Assets $387,452,525
Compensation
Key Employees and Officers Compensation Other
Doug Galen (President/Ceo) $720,583 $39,291
Tim Kunihiro (Managing Director, V) $261,988 $36,650
Ayesha Wagle (Head Of Investments) $227,192 $21,465
Sarah Burch (Senior Portfolio Man) $207,087 $23,444
Lindsay Blodgett (Head Of Insights) $202,845 $20,451
John Carroll (Controller) $195,805 $20,091
Christian Larsen (Secretary/Treasurer) $0 $0
+ View more people

Document Links

990-PF
Filed on March 11, 2021

Primary tax return for a private foundation's activities, finances, and governance

View Filing
XML
990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending April
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$90,828,295
Expenses
$23,029,953
Net Income
$67,798,342
Net Assets
$364,304,246
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $94,700
0.1%
Interest Revenue $815,951
0.9%
Dividends $717,148
0.8%
Sales of Assets $89,000,769
98.0%
Other Income $199,727
0.2%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $20,127,120
87.4%
Compensation of Officers* $679,143
2.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $368,601,068
Total Liabilities $4,296,822
Net Assets $364,304,246
Compensation
Key Employees and Officers Compensation Other
Doug Galen (President/Ceo) $659,861 $19,282
Tim Kunihiro (Managing Director, V) $230,769 $19,402
Sarah Burch (Senior Portfolio Man) $171,941 $12,982
John Carroll (Controller) $170,000 $691
Pradeep Suthram (Director Of Product) $164,730 $14,859
Michelle Munoz (Head Of Talent) $151,539 $15,953
Christian Larsen (Secretary/Treasurer) $0 $0
+ View more people

Document Links

990-PF
Filed on Feb. 3, 2020

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML
990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending April
2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$296,916,284
Expenses
$26,369,748
Net Income
$270,546,536
Net Assets
$1,209,686,902
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $178,567,275
60.1%
Interest Revenue $0
Dividends $156,649
0.1%
Sales of Assets $118,186,860
39.8%
Other Income $5,500
0.0%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $2,067,158
7.8%
Compensation of Officers* $684,955
2.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,232,698,143
Total Liabilities $23,011,241
Net Assets $1,209,686,902
Compensation
Key Employees and Officers Compensation Other
Doug Galen (President/Ceo) $665,000 $19,955
Tim Kunihiro (Managing Director, V) $194,231 $9,597
Pradeep Suthram (Director Of Product) $162,700 $15,275
Sarah Burch (Senior Portfolio Man) $121,923 $8,229
Jay Lee (Growth And Community) $96,846 $7,489
Sara Johnson (Senior Investment As) $62,738 $4,299
Christian Larsen (Secretary/Treasurer) $0 $0
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Document Links

990-PF
Filed on Jan. 10, 2019

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending April
2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$7,020,659
Expenses
$2,930,441
Net Income
$4,090,218
Net Assets
$61,588,299
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $6,356,000
90.5%
Interest Revenue $0
Dividends $0
Sales of Assets $664,659
9.5%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,122,844
38.3%
Compensation of Officers* $517,477
17.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $63,920,872
Total Liabilities $2,332,573
Net Assets $61,588,299
Compensation
Key Employees and Officers Compensation Other
Doug Galen (President/Ceo) $499,952 $17,525
Pradeep Suthram (Director Of Product) $152,710 $12,868
Sarah Burch (Senior Portfolio Man) $102,504 $6,850
Jay Lee (Growth And Community) $81,213 $6,828
Christian Larsen (Secretary/Treasurer) $0 $0
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Document Links

990-PF
Filed on March 15, 2018

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending April
2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$6,813,944
Expenses
$911,268
Net Income
$5,902,676
Net Assets
$8,513,228
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $6,463,600
94.9%
Interest Revenue $0
Dividends $0
Sales of Assets $350,344
5.1%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $805,420
88.4%
Compensation of Officers* $435,356
47.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $8,897,786
Total Liabilities $384,558
Net Assets $8,513,228
Compensation
Key Employees and Officers Compensation Other
Doug Galen (President/Ceo) $418,775 $16,581
Pradeep Suthram (Director Of Product) $158,401 $5,231
Christian Larsen (Secretary/Treasurer) $0 $0

Document Links

990-PF
Filed on March 15, 2018

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML
View Filing (2 of 2)

Fiscal Year Ending April
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$3,886,984
Expenses
$346,397
Net Income
$3,540,587
Net Assets
$3,540,587
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $3,595,200
92.5%
Interest Revenue $0
Dividends $0
Sales of Assets $291,784
7.5%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $180,027
52.0%
Compensation of Officers* $60,000
17.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $3,685,298
Total Liabilities $144,711
Net Assets $3,540,587
Compensation
Key Employees and Officers Compensation Other
Doug Galen (President/Ceo) $60,000 $0
Christian Larsen (Secretary/Treasurer) $0 $0

Document Links

990-PF
Filed on Aug. 7, 2017

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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Nonprofit Explorer

Browse millions of annual returns filed by tax-exempt organizations with ProPublica’s Nonprofit Explorer. See details like executive compensation, revenue, expenses and more. Search for an organization or a person, or search the full text of filings.

By Andrea Suozzo, Alec Glassford, Ash Ngu and Brandon Roberts.

Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

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