2022-11-15T19:08:34-06:00 2021-12-31 221478099 COHNREZNICK LLP 621 CAPITOL MALL SUITE 2150 SACRAMENTO CA 95814 990 2021-01-01 521876879 X PRIZE FOUNDATION INC XPRI 3107414880 10736 JEFFERSON BLVD SUITE 406 CULVER CITY CA 90232 ANOUSHEH ANSARI CEO 3107414880 2022-11-15 1 ANOUSHEH ANSARI XXX-XX-XXXX LISA M CUMMINGS CPA P00043433 9164429100 2022-11-15 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z X ANOUSHEH ANSARI 10736 JEFFERSON BLVD SUITE 406 CULVER CITY CA 90232 19767291 0 X WWW.XPRIZE.ORG X 1994 CA TO BRING ABOUT RADICAL BREAKTHROUGHS FOR THE BENEFITS OF HUMANITY, THEREBY INSPIRING THE FORMATION OF NEW INDUSTRIES AND THE REVITALIZATION OF MARKETS 17 15 101 15 0 0 24090511 19847982 0 0 88140 305896 29096 -386587 24207747 19767291 0 0 0 0 13397243 13090915 0 0 4415710 12224857 10350674 25622100 23441589 -1414353 -3674298 73945038 103691143 36868538 71042801 37076500 32648342 X SEE SCHEDULE O 0 0 12822760 0 X PRIZE FOUNDATION, INC. ("X PRIZE") IS A NOT-FOR-PROFIT 501(C)(3) DELAWARE CORPORATION FOSTERING AND SPONSORING COMPETITION TO CREATE INNOVATIVE BREAKTHROUGHS FOR THE BENEFIT OF HUMANITY. THE FOUNDATION CONDUCTS COMPETITIONS IN SEVEN PRIZE GROUPS: LEARNING & HUMAN POTENTIAL, ENERGY & RESOURCES; SPACE & NEW FRONTIERS; CIVIL SOCIETY; HEALTH & WELLNESS; PLANET & ENVIRONMENT; AND SHELTER & INFRASTRUCTURE. 215125 0 THE FOUNDATION PROVIDES AND OPERATES EDUCATION AND OUTREACH PROGRAMS RELATED TO ITS MISSION. THESE ACTIVITIES CONSIST OF SPEECHES, VISUAL PRESENTATIONS AND EDUCATIONAL MATERIALS IN PARTNERSHIP WITH KEY ACADEMIC INSTITUTIONS, AS WELL AS RESEARCH AND PUBLICATION OF INFORMATION IN THE GENERAL PUBLIC INTEREST. 13037885 1 1 0 1 0 0 0 0 0 0 1 1 0 0 1 1 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 79 0 1 101 1 0 0 0 0 0 0 0 0 0 0 0 0 X 17 15 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X X MICHAEL BIRNBACH 3107414880 10736 JEFFERSON BLVD SUITE 406 CULVER CITY CA 90232 AMIR ANSARI DIRECTOR 1.00 X 0 0 0 ANOUSHEH ANSARI CHIEF EXECUTIVE OFFICER 40.00 X X 774327 0 35450 ANU JAIN DIRECTOR 1.00 X 0 0 0 DON WALKER DIRECTOR 1.00 X 0 0 0 ERIC ESRAILIAN DIRECTOR 1.00 X 0 0 0 GIL ELBAZ DIRECTOR 1.00 X 0 0 0 GREGG MARYNIAK SECRETARY 1.00 X X 0 0 0 JACK BADER TREASURER 1.00 X X 0 0 0 JEFFREY SHAMES DIRECTOR 1.00 X 0 0 0 JOHN FRANK DIRECTOR 1.00 X 0 0 0 KELLY VLAHAKIS-HANKS DIRECTOR 1.00 X 0 0 0 LAETITIA GARRIOTT DE CAYEUX DIRECTOR 1.00 X 0 0 0 LAUREN SELIG DIRECTOR 1.00 X 0 0 0 MARK SIEGEL DIRECTOR 1.00 X 0 0 0 PETER DIAMANDIS FOUNDER & CHAIRMAN 40.00 X X 234758 0 65194 ROBERT WEISS VICE CHAIR 1.00 X X 0 0 0 SALIM ISMAIL DIRECTOR 1.00 X 0 0 0 AMIR BANIFATEMI CHIEF STRATEGY OFFICER 40.00 X 304674 0 35088 ANDREW TAUHERT CHIEF ADVANCEMENT OFFICER 40.00 X 223490 0 37070 CHANDA GONZALEZ-MOWRER CHIEF PRIZE OFFICER 40.00 X 293734 0 15999 JAY KOSSIFOS CHIEF MARKETING OFFICER 40.00 X 332890 0 11801 MASSIMO CAPPELLARI CHIEF TECHNOLOGY OFFICER 40.00 X 229971 0 28827 OSE UGOCHUKWU GENERAL COUNSEL 40.00 X 237335 0 36947 ZENIA TATA CHIEF IMPACT OFFICER 40.00 X 286404 0 23400 CHRISTOPHER CLASSEN VP, EVENTS & EXPERIENCE 40.00 X 181257 0 14306 ERIC LOCKE DIRECTOR, PRIZE MANAGEMENT 40.00 X 175251 0 21366 ILKHOMDJON MADJIDOV SR. DIRECTOR, OPERATIONS & 40.00 X 178653 0 19702 MARCIUS EXTAVOUR VP, ENERGY & CLIMATE 40.00 X 213823 0 39356 SUSAN EMMER SENIOR VP, ALLIANCES AND SPONSORS 40.00 X 199496 0 44234 3866063 0 428740 14 0 1 0 THE FULL PICTURE LLC 915 BROADWAY NEW YORK NY 10010 MARKETING & MGMT SERVICES 261515 EXPO CONVENTION CONTRACTORS INC 15959 NW 15TH AVENUE MIAMI FL 33169 EVENT PRODUCTION SERVICES 251136 JAMES L KNIGHT CENTER 4000 SE 2ND AVE MIAMI FL 33131 EVENT LOCATION EXPENSE 224610 KRAFT 150 ERICA WAY PORTOLA VALLEY CA 94028 CONSULTING 195000 MAS EVENT DESIGN 77 SANDS STREET BROOKLYN NY 11201 EVENT PRODUCTION SERVICES 183337 19 2820496 17027486 19847982 305896 305896 GAIN ON EARLY LEASE TERMINATION 900099 1596144 1596144 OTHER INCOME 900099 13344 13344 LOSS ON DISPOSAL OF PROP/EQUIP 900099 -1996075 -1996075 -386587 19767291 0 0 -80691 3207359 1342592 1081808 782959 7572158 3159855 2573844 1838459 44347 19143 13788 11416 1553570 670637 483023 399910 713481 297735 242519 173227 136662 58923 42583 35156 84071 36248 26196 21627 1623767 699888 537834 386045 2685882 2484749 99617 101516 94766 68287 18117 8362 498078 497668 203 207 1349613 962297 265531 121785 393702 250810 109917 32975 10333 7446 1975 912 391513 282648 73908 34957 98196 70759 18773 8664 TEAM/TESTING ACTIVITIES 1475929 1471929 4000 0 PROGRAM EVENT EXPENSE 1019051 427021 152008 440022 BAD DEBT EXPENSE 210690 0 210690 0 PRODUCTION EXPENSE 139943 129464 5190 5289 138478 99786 26470 12222 23441589 13037885 5987994 4415710 1817194 26992923 14366990 5120822 2301893 1774851 610110 360208 44910 39689 293536 179080 718377 606058 2469793 112319 51318852 68579717 8389 8389 713371 523145 73945038 103691143 3653443 3844833 8346136 8020921 24868959 59177047 36868538 71042801 X 8018000 6176000 29058500 26472342 37076500 32648342 73945038 103691143 -3674298 -753860 0 X X 0 1 X 1 0 X 26686787 15528650 16015678 24090511 19847982 102169608 26686787 15528650 16015678 24090511 19847982 102169608 20083435 82086173 1018325 1461268 2327755 88140 305896 5201384 29096 1609488 1638584 109009576 0.75300 0.66200 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2020 AMOUNT: $ 29,096. 2021 AMOUNT: $ 13,344. GAIN ON EARLY LEASE TERMINATION - 2021 AMOUNT: $ 1,596,144. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1000000 1000000 2000000 3000000 96440 75000 171440 250000 250000 500000 750000 71585 34540 37045 598277 523003 75274 48515 48515 0 112319 SCHWAB-UNRESTRICTED 66845622 C SCHWAB-WILDFIRE 1729036 C STIFEL F81-333000 5059 C 68579717 PRIZE PURSES 57233000 PPP LOAN 1944047 59177047 X PART X, LINE 2: THE FOUNDATION IS A NOT-FOR-PROFIT ORGANIZATION THAT IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND SECTION 23701(D) OF THE REVENUE AND TAXATION CODE OF THE STATE OF CALIFORNIA AND IS NOT REQUIRED TO FILE A TAX RETURN. ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS INCLUDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE FOUNDATION HAS NO UNRECOGNIZED TAX BENEFITS AT DECEMBER 31, 2021. THE FOUNDATION'S FEDERAL INCOME TAX RETURNS FOR FISCAL YEARS 2020, 2019 AND 2018 REMAIN OPEN. THE FOUNDATION'S STATE INCOME TAX RETURNS FOR FISCAL YEARS 2020, 2019, 2018 AND 2017 REMAIN OPEN. MANAGEMENT CONTINUALLY EVALUATES EXPIRING STATUTES OF LIMITATIONS, AUDITS, PROPOSED SETTLEMENTS, CHANGES IN TAX LAW AND NEW AUTHORITATIVE RULINGS. IF APPLICABLE, THE FOUNDATION RECOGNIZES INTEREST AND PENALTIES ASSOCIATED WITH TAX MATTERS AS PART OF INCOME TAX EXPENSE AND INCLUDES ACCRUED INTEREST AND PENALTIES WITH ACCOUNTS PAYABLE AND ACCRUED EXPENSES IN THE CONSOLIDATED STATEMENT OF FINANCIAL POSITION. THE FOUNDATION IS SUBJECT TO INCOME TAXES ON ANY NET INCOME THAT IS DERIVED FROM TRADE OR BUSINESS, REGULARLY CARRIED ON AND NOT IN THE FURTHERANCE OF THE PURPOSES FOR WHICH IT WAS GRANTED EXEMPTION. THE FOUNDATION RECEIVES VARIOUS CORPORATE SPONSORSHIPS, WHICH IT CAREFULLY EVALUATES AS TO WHETHER THE INCOME IS SUBJECT TO UNRELATED BUSINESS INCOME TAX. THE FOUNDATION WAS NOT SUBJECT TO ANY UNRELATED BUSINESS INCOME TAX FOR THE YEAR ENDED DECEMBER 31, 2021. X X X 0 0 0 0 0 0 0 0 0 ANOUSHEH ANSARI CHIEF EXECUTIVE OFFICER 534327 0 240000 0 0 0 6500 0 28950 0 809777 0 0 0 JAY KOSSIFOS CHIEF MARKETING OFFICER 317890 0 15000 0 0 0 0 0 11801 0 344691 0 0 0 AMIR BANIFATEMI CHIEF STRATEGY OFFICER 274674 0 30000 0 0 0 0 0 35088 0 339762 0 0 0 ZENIA TATA CHIEF IMPACT OFFICER 276404 0 10000 0 0 0 15969 0 7431 0 309804 0 0 0 CHANDA GONZALEZ-MOWRER CHIEF PRIZE OFFICER 283734 0 10000 0 0 0 8539 0 7460 0 309733 0 0 0 PETER DIAMANDIS FOUNDER & CHAIRMAN 234758 0 0 0 0 0 24908 0 40286 0 299952 0 0 0 OSE UGOCHUKWU GENERAL COUNSEL 227335 0 10000 0 0 0 19210 0 17737 0 274282 0 0 0 ANDREW TAUHERT CHIEF ADVANCEMENT OFFICER 215490 0 8000 0 0 0 26000 0 11070 0 260560 0 0 0 MASSIMO CAPPELLARI CHIEF TECHNOLOGY OFFICER 229971 0 0 0 0 0 6202 0 22625 0 258798 0 0 0 MARCIUS EXTAVOUR VP, ENERGY & CLIMATE 205823 0 8000 0 0 0 12530 0 26826 0 253179 0 0 0 SUSAN EMMER SENIOR VP, ALLIANCES AND SPONSORS 191496 0 8000 0 0 0 26000 0 18234 0 243730 0 0 0 ILKHOMDJON MADJIDOV SR. DIRECTOR, OPERATIONS & 178653 0 0 0 0 0 9100 0 10602 0 198355 0 0 0 ERIC LOCKE DIRECTOR, PRIZE MANAGEMENT 175251 0 0 0 0 0 19572 0 1794 0 196617 0 0 0 CHRISTOPHER CLASSEN VP, EVENTS & EXPERIENCE 173257 0 8000 0 0 0 5242 0 9064 0 195563 0 0 0 PART I, LINE 3 X PRIZE FOUNDATION ENGAGED THE SERVICES OF AN INDEPENDENT FIRM TO GIVE AN OPINION ON EXECUTIVE COMPENSATION. THE OPINION GIVEN WAS BASED ON REVIEW OF COMPENSATION LEVELS AT SIMILAR ORGANIZATIONS IN COMPARISON TO THOSE AT X PRIZE FOUNDATION. RESULTS OF THE STUDY WERE PROVIDED TO THE COMPENSATION COMMITTEE WHO IN TURN PRESENTED THE FINDINGS TO THE BOARD OF TRUSTEES. THE COMPENSATION COMMITTEE REVIEWS AND DOCUMENTS OFFICER COMPENSATION ALONG WITH AN INDEPENDENT SALARY SURVEY DURING A MEETING. FORM 990, PART III, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: THE X PRIZE FOUNDATION IS AN EDUCATION NON-PROFIT THAT STRIVES TO BRING ABOUT CREATIVE SOLUTIONS TO THE GRANDEST CHALLENGES FACING HUMANITY IN THE AREAS OF SPACE EXPLORATION, EDUCATION, HUMAN HEALTH, GLOBAL ENTREPRENEURSHIP, ENERGY AND TRANSPORTATION. THE FOUNDATION APPLIES AN EQUAL DEGREE OF DILIGENCE AND CARE IN DEVELOPING AND MANAGING PRIZE-INCENTIVE COMPETITIONS IN THOSE AREAS WHERE TECHNOLOGICAL INNOVATION IS STAGNANT OR REGULATORY AND MARKET FORCES PRESENT EXTRAORDINARY OBSTACLES. THE FOUNDATION'S UNDERLYING MISSION IS TO BRING ABOUT RADICAL BREAKTHROUGHS FOR THE BENEFIT OF HUMANITY. A CRITICAL ASPECT OF EACH COMPETITION WILL BE AN OVERALL EDUCATION CAMPAIGN AND DISSEMINATION OF SCIENTIFIC INFORMATION THAT IS GENERATED BY THE COMPETITION, WHICH WILL BE PUBLISHED ONLINE, AND IN TREATISE, THESIS, TRADE PUBLICATION, OR IN ANY OTHER FORM AVAILABLE TO THE INTERESTED PUBLIC. THE ORGANIZATION WILL ENSURE THAT THE COMPETITIONS ARE WIDELY-PUBLICIZED AND THE SCIENTIFIC RESULTS OF EACH COMPETITION ARE DISSEMINATED BROADLY. THE SUCCESS OF EACH COMPETITION HINGES ON THIS PUBLICITY. FORM 990, PART VI, SECTION A, LINE 2 BOARD MEMBERS ANOUSHEH & AMIR ANSARI HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED BY INTERNAL MANAGEMENT, THE BOARD OF DIRECTORS, AND THE FINANCE COMMITTEE OF THE BOARD OF TRUSTEES IN CONJUNCTION WITH OUTSIDE TAX PREPARERS. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS DISTRIBUTED AND DISCUSSED WITH THE ENTIRE BOARD DURING ONE OF ITS REGULAR MEETINGS. ANY POTENTIAL ISSUES ARE IMMEDIATELY BROUGHT TO BOARD ATTENTION TO BE RESOLVED. THE BOARD OF DIRECTORS IS RESPONSIBLE (FINANCE COMMITTEE) FOR ENFORCING CONFLICT OF INTEREST ISSUES. FORM 990, PART VI, SECTION B, LINE 15 X PRIZE FOUNDATION ENGAGED THE SERVICES OF AN INDEPENDENT FIRM TO GIVE AN OPINION ON EXECUTIVE COMPENSATION. THE OPINION GIVEN WAS BASED ON REVIEW OF COMPENSATION LEVELS AT SIMILAR ORGANIZATIONS IN COMPARISON TO THOSE AT X PRIZE FOUNDATION. RESULTS OF THE STUDY WERE PROVIDED TO THE COMPENSATION COMMITTEE WHO IN TURN PRESENTED THE FINDINGS TO THE BOARD OF TRUSTEES. THE COMPENSATION COMMITTEE REVIEWS AND DOCUMENTS OFFICER COMPENSATION ALONG WITH AN INDEPENDENT SALARY SURVEY DURING A MEETING. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: THE ORGANIZATION'S PROCESSES FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAVE NOT CHANGED FROM THE PREVIOUS YEAR. 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