David & Diane Toole Foundation

Portola Vally, CA
Tax-exempt since April 1995
EIN: 77-0388879

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Type of Nonprofit

Designated as a 501(c)(3) 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: Philanthropy, Voluntarism and Grantmaking Foundations / Private Grantmaking Foundations (NTEE)

Donations to this organization are tax deductible.

Revenue

$10.8k (2024)

Expenses

$70.2k (2024)

Total Assets

$67.8k (2024)

Total Liabilities

$0 (2024)

Years with missing data

Source: Form 990 tax filings from 2011 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 Dec.
2024

Revenue

$10,801

Expenses

$70,196

Net Income

-$59,395

Net Assets

$67,773

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$4,468	41.4%
Sales of Assets	$6,333	58.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$69,949	99.6%
Compensation of Officers*	$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	$67,773
Total Liabilities	$0
Net Assets	$67,773

Compensation

Key Employees and Officers	Compensation	Other
David Toole (President/Director)	$0	$0
Diane Toole (Sec./Treas./Direct.)	$0	$0

990-PF

Filed on Nov. 17, 2025

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

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Schedules ▼

XML

Fiscal Year Ending Dec.
2022

Revenue

$8,796

Expenses

$7,152

Net Income

$1,644

Net Assets

$159,113

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$6,312	71.8%
Sales of Assets	$2,484	28.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$7,100	99.3%
Compensation of Officers*	$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	$159,113
Total Liabilities	$0
Net Assets	$159,113

Compensation

Key Employees and Officers	Compensation	Other
David Toole (President/Director)	$0	$0
Diane Toole (Sec./Treas./Direct.)	$0	$0

990-PF

Filed on Nov. 16, 2023

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

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2021

Revenue

$13,323

Expenses

$8,028

Net Income

$5,295

Net Assets

$155,777

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$7,316	54.9%
Sales of Assets	$6,007	45.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$8,000	99.7%
Compensation of Officers*	$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	$155,777
Total Liabilities	$0
Net Assets	$155,777

Compensation

Key Employees and Officers	Compensation	Other
David Toole (President/Director)	$0	$0
Diane Toole (Sec./Treas./Direct.)	$0	$0

990-PF

Filed on Nov. 14, 2022

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

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Schedules ▼

XML

Fiscal Year Ending Dec.
2020

Revenue

$7,932

Expenses

$7,660

Net Income

$272

Net Assets

$149,420

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$2	0.0%
Dividends	$7,930	100.0%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$7,609	99.3%
Compensation of Officers*	$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	$149,421
Total Liabilities	$1
Net Assets	$149,420

Compensation

Key Employees and Officers	Compensation	Other
David Toole (President/Director)	$0	$0
Diane Toole (Sec./Treas./Direct.)	$0	$0

990-PF

Filed on Nov. 15, 2021

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

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2019

Revenue

$11,786

Expenses

$16,168

Net Income

-$4,382

Net Assets

$148,586

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$44	0.4%
Dividends	$7,125	60.5%
Sales of Assets	$4,617	39.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$9,613	59.5%
Compensation of Officers*	$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	$148,587
Total Liabilities	$1
Net Assets	$148,586

Compensation

Key Employees and Officers	Compensation	Other
David Toole (President/Director)	$0	$0
Diane Toole (Sec./Treas./Direct.)	$0	$0

990-PF

Filed on Nov. 12, 2020

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

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Schedules ▼

XML

Fiscal Year Ending Dec.
2018

Revenue

$9,431

Expenses

$6,221

Net Income

$3,210

Net Assets

$154,744

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$73	0.8%
Dividends	$6,287	66.7%
Sales of Assets	$3,071	32.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$6,170	99.2%
Compensation of Officers*	$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	$154,744
Total Liabilities	$0
Net Assets	$154,744

Compensation

Key Employees and Officers	Compensation	Other
David Toole (President/Director)	$0	$0
Diane Toole (Sec./Treas./Direct.)	$0	$0

990-PF

Filed on Nov. 14, 2019

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

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2017

Revenue

$7,783

Expenses

$28,088

Net Income

-$20,305

Net Assets

$156,219

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$41	0.5%
Dividends	$6,625	85.1%
Sales of Assets	$1,117	14.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$19,511	69.5%
Compensation of Officers*	$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	$156,219
Total Liabilities	$0
Net Assets	$156,219

Compensation

Key Employees and Officers	Compensation	Other
David Toole (President/Director)	$0	$0
Diane Toole (Sec./Treas./Direct.)	$0	$0

990-PF

Filed on May 14, 2018

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

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2016

Revenue

$7,145

Expenses

$6,136

Net Income

$1,009

Net Assets

$177,184

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$8	0.1%
Dividends	$6,352	88.9%
Sales of Assets	$785	11.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$6,099	99.4%
Compensation of Officers*	$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	$177,184
Total Liabilities	$0
Net Assets	$177,184

Compensation

Key Employees and Officers	Compensation	Other
David Toole (President/Director)	$0	$0
Diane Toole (Sec./Treas./Direct.)	$0	$0

990-PF

Filed on Nov. 14, 2017

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2015

Revenue

$8,682

Expenses

$23,069

Net Income

-$14,387

Net Assets

$184,879

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$9	0.1%
Dividends	$6,896	79.4%
Sales of Assets	$1,777	20.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$12,629	54.7%
Compensation of Officers*	$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	$184,879
Total Liabilities	$0
Net Assets	$184,879

Compensation

Key Employees and Officers	Compensation	Other
David Toole (President/Director)	$0	$0
Diane Toole (Sec./Treas./Direct.)	$0	$0

990-PF

Filed on July 26, 2016

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2014

Revenue

$23,806

Expenses

$14,164

Net Income

$9,642

Net Assets

$208,914

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$9	0.0%
Dividends	$23,199	97.5%
Sales of Assets	$598	2.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$13,720	96.9%
Compensation of Officers*	$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	$208,914
Total Liabilities	$0
Net Assets	$208,914

Compensation

Key Employees and Officers	Compensation	Other
David Toole (President/Director)	$0	$0
Diane Toole (Sec./Treas./Direct.)	$0	$0

990-PF

Filed on July 21, 2015

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2013

Revenue

$4,860

Expenses

$14,399

Net Income

-$9,539

Net Assets

$195,523

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$13	0.3%
Dividends	$4,643	95.5%
Sales of Assets	$204	4.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$9,453	65.7%
Compensation of Officers*	$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	$195,523
Total Liabilities	$0
Net Assets	$195,523

990-PF

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

PDF

Fiscal Year Ending Dec.
2012

Revenue

$2,843

Expenses

$16,123

Net Income

-$13,280

Net Assets

$204,654

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$23	0.8%
Dividends	$1,047	36.8%
Sales of Assets	$1,773	62.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$9,884	61.3%
Compensation of Officers*	$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	$204,654
Total Liabilities	$0
Net Assets	$204,654

990-PF

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

PDF

Fiscal Year Ending Dec.
2011

Revenue

$9,706

Expenses

$17,172

Net Income

-$7,466

Net Assets

$217,991

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$16	0.2%
Dividends	$2,154	22.2%
Sales of Assets	$7,536	77.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$11,890	69.2%
Compensation of Officers*	$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	$217,991
Total Liabilities	$0
Net Assets	$217,991

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David & Diane Toole Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $10.8k (2024)

Expenses $70.2k (2024)

Total Assets $67.8k (2024)

Total Liabilities $0 (2024)

Tax Filings by Year

Fiscal Year Ending Dec. 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2011

Revenue

$10.8k (2024)

Expenses

$70.2k (2024)

Total Assets

$67.8k (2024)

Total Liabilities

$0 (2024)

Fiscal Year Ending Dec.
2024

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2022

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2021

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2020

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2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
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2009

Fiscal Year Ending Dec.
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Fiscal Year Ending Dec.
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