DRAPER HERO INSTITUTE
55 EAST 3RD AVENUE, SAN MATEO, CA 94401 www.draperheroinstitute.com

Total Revenue
$176,806
Total Expenses
$410,143
Net Assets
$2,371,318

Organizations Filed Purposes: TO ENCOURAGE AND PROMOTE GLOBAL ENTREPRENEURSHIP THROUGH A MAKER'S SPACE AND VIRTUAL REALITY ARCADE. THE MAKER'S SPACE AIMS TO PROVIDE ENTREPRENEURS AND POTENTIAL STARTUP COMPANIES A SPACE TO WORK ON THEIR IDEAS WHILE HAVING ACCESS TO PROFESSIONAL GRADE EQUIPMENT THAT OTHERWISE WOULD BE UNAVAILALE TO THEM. THE VIRTUAL REALITY ARCADE AIMS TO PROVIDE THE GENEARL PUBLIC WITH THE EXPERIENCE OF USING HIGH-END VIRTUAL REALITY EQUIPMENT WITHOUT INVESTING IN THE HIGH COST OF THE EQUIPMENT.

TO ENCOURAGE AND PROMOTE GLOBAL ENTREPRENEURSHIP THROUGH A MAKER'S SPACE AND VIRTUAL REALITY ARCADE.

THE HERO HANGOUT VIRTUAL REALITY ARCADE WAS CREATED WITH A GOAL AND VISION TO ENABLE THE GENERAL PUBLIC THE ABILITY TO EXPERIENCE, LEARN, AND GET THEIR HANDS DIRTY WITH THE LATEST TECHNOLOGIES THROUGH A STATE OF THE ART VIRTUAL REALITY ARCADE. IT AIMS TO PROVIDE CUSTOMERS WITH THE LATEST AND GREATEST TECHNOLOGIES AT A LOW PAY-PER-MINUTE COST. THERE ARE ALSO PLANS TO HOLD CLASSES AND WORKSHOPS CENTERED AROUND VIRTUAL REALITY, AUGEMENTED REALITY, 3D PRINTING AND OTHER RELATED TECHNOLOGIES.

THE MAKER'S SPACE IS IN THE EARLY PLANNING STAGES. IT WILL AIM TO ENABLE ENTREPRENEURS TO COLLABORATE AND DEVELOP PROTOTYPES OF PRODUCTS THAT THEY ENVISION BUT ARE UNABLE TO DEVELOP ON THEIR OWN. DRAPER HERO INSTITUTE PLANS TO CREATE AND SUPPORT BUSINESS PLAN COMPETITIONS AND HACKATHONS, AS WELL AS OFF-LINE EVENTS, TO PROMOTE AWARENESS OF STARTUPS AND OTHER NEW VENTURES.

Executives Listed on Filing

Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing

NameTitleHours Per WeekTotal Salary
Desiree OmranCFO/TREASURER5$0
Karen Mostes-WithrowSECRETARY5$0
Troy RyderDIRECTOR1$0
Carol JillsonDIRECTOR1$0
Frank CreerCEO/PRESIDENT10$0
Timothy DraperCHAIRPERSON5$0

Data for this page was sourced from XML published by IRS (public 990 form dataset) from: https://s3.amazonaws.com/irs-form-990/202021779349300727_public.xml