Ray Dolby Legacy Fund
98% goes to programs $0 to raise $100 Strong reserves
Ray Dolby Legacy Fund is a 501(c)(3) organization based in Novato, California, registered in 2008, with $4,129,229 in FY2023 revenue. CharityIndex grades it A, and it directs about 98% of spending to programs.
5 Hamilton Landing Ste 200, Novato, CA, 94949 EIN 51-0666996 Since 2008
Revenue (FY2023)
$4.1M
▼ 95.3% vs prior year
Philanthropy median: $168K
Expenses (FY2023)
$4.1M
Net assets
$12.4M
Employees
0
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
A+Program efficiency40% of the rating98% to programs · $0 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Ray Dolby Legacy Fund: 98% to programs · $0 to raise $100 earns a A+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating36 mo reserves · +0% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Ray Dolby Legacy Fund: 36 mo reserves · +0% margin earns a A on this criterion. See the exact thresholds →
BGovernance25% of the rating4 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Ray Dolby Legacy Fund: 4 of 6 checks met earns a B on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Ray Dolby Legacy Fund: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Mobilizing the power of community and the resources of philanthropy (continuation on sch o) to advance equity for people, places and the planet.
Contact & location
- Address
- 5 Hamilton Landing Ste 200, Novato, CA, 94949
- City
- Novato
- State
- California
- Subcategory
- Support Foundations & Fundraising
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $0 (FY2016) to $4.1M (FY2023) across 7 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $83.5MNet assets $12.4M
Operating margin
0.2%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$95.9M
Total liabilities
$83.5M
Net assets
$12.4M
Salaries & benefits
$0
0% of expenses
Board members
3
1 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $4,129,229▼95.3% | $4,119,726▼95.3% | $12,432,874▼2.4% | $95,910,129▼4.3% | 990 |
| 2022 | $87,657,765▲553% | $87,569,754▲418214% | $12,742,819▲17.6% | $100,243,356▲825% | 990 |
| 2021 | $13,415,992 | $20,934 | $10,836,808 | $10,836,808 | 990 |
| 2019 | $0 | $0 | $0 | $0 | 990EZ |
| 2018 | $0 | $0 | $0 | $0 | 990EZ |
| 2017 | $0 | $0 | $0 | $0 | 990EZ |
| 2016 | $0 | $0 | $0 | $0 | 990EZ |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Ashley Smith | Secretary | 0.5 | — |
| Dagmar Dolby | Board Chair | 0.5 | — |
| Janelle Cavanagh | Director (start 6/24) | 0.5 | — |
| Lani Alo | Director (left 12/23) | 0.25 | — |
| Lauren Mcclelland | Cfo (start 1/24) | 0.5 | — |
| Rhea Suh | President & Ceo | 0.5 | — |
| Sa Hartman | Cfo (thru 12/23) | 0.5 | — |
| Vikki Garrod | Director | 0.5 | — |
Grants received · $13.3M total
1 grant to Ray Dolby Legacy Fund totaling $13.3M, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Dagmar Dolby Fund | General operating support | 2021 | $13,342,250 |
Grants made · $4.0M in FY2023
1 grant totaling $4.0M in FY2023. All grants made by Ray Dolby Legacy Fund →
| Recipient | Purpose | Amount |
|---|---|---|
| Cambridge In America | Support symposium fund project and research teams project at the cavendish laboratory | $4,032,248 |
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Compare Ray Dolby Legacy Fund
Frequently asked questions
- Is Ray Dolby Legacy Fund a legitimate nonprofit?
- Yes. Ray Dolby Legacy Fund is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 51-0666996, based in Novato, California. Donations are tax-deductible.
- What is Ray Dolby Legacy Fund's EIN?
- Ray Dolby Legacy Fund's Employer Identification Number (EIN) is 51-0666996.
- How much revenue does Ray Dolby Legacy Fund report?
- Ray Dolby Legacy Fund reported $4,129,229 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Ray Dolby Legacy Fund's spending goes to programs?
- Ray Dolby Legacy Fund spends about 98% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Ray Dolby Legacy Fund have?
- CharityIndex grades Ray Dolby Legacy Fund A, based on program efficiency and fundraising cost.
- How much does Ray Dolby Legacy Fund's highest-paid employee make?
- The highest reported compensation on Ray Dolby Legacy Fund's latest Form 990 is $0, paid to Ashley Smith (Secretary).
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Data for Ray Dolby Legacy Fund (EIN 51-0666996) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.