2021-11-15T21:09:06-06:00 2020-12-31 221478099 COHNREZNICK LLP 400 CAPITOL MALL SUITE 1200 SACRAMENTO CA 95814 990 2020-01-01 521876879 X PRIZE FOUNDATION INC XPRI 3107414880 800 CORPORATE POINTE SUITE 350 CULVER CITY CA 90230 ANOUSHEH ANSARI CEO 3107414880 2021-11-15 1 ANOUSHEH ANSARI XXX-XX-XXXX LISA M CUMMINGS CPA P00043433 9164429100 2021-11-08 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z ANOUSHEH ANSARI 800 CORPORATE POINTE SUITE 350 CULVER CITY CA 90230 24207747 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 15 12 124 12 0 0 16015678 24090511 0 0 2327755 88140 0 29096 18343433 24207747 0 0 0 0 12997527 13397243 0 0 2974082 20247251 12224857 33244778 25622100 -14901345 -1414353 57761215 73945038 19270315 36868538 38490900 37076500 X SEE SCHEDULE O 0 0 18047647 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. 991964 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. 19039611 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 1 0 0 0 1 1 1 0 0 0 1 41 0 1 124 1 0 0 0 0 0 0 0 0 0 0 0 0 X 15 12 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X X JADE HARDY 3107414880 800 CORPORATE POINTE SUITE 350 CULVER CITY CA 90230 AMIR ANSARI DIRECTOR 1.00 X 0 0 0 ANOUSHEH ANSARI CHIEF EXECUTIVE OFFICER 40.00 X X 448809 0 34714 ANU JAIN DIRECTOR 1.00 X 0 0 0 EMILY WHITE 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 LAUREN SELIG DIRECTOR 1.00 X 0 0 0 MARK SIEGAL DIRECTOR 1.00 X 0 0 0 PETER DIAMANDIS FOUNDER & CHAIRMAN 40.00 X X 228026 0 42657 ROBERT WEISS VICE CHAIRMAN 40.00 X X 168263 0 20072 SALIM ISMAIL DIRECTOR 1.00 X 0 0 0 AMIR BANIFATEMI CHIEF STRATEGY OFFICER 40.00 X 266294 0 35088 CHANDA GONZALEZ-MOWRER CHIEF PRIZE OFFICER 40.00 X 218176 0 15309 DOMINIC KOSSIFOS CHIEF MARKETING OFFICER 40.00 X 229073 0 8297 MASSIMO CAPPELLARI CHIEF TECHNOLOGY OFFICER 40.00 X 231713 0 40094 OSE UGOCHUKWU GENERAL COUNSEL 40.00 X 194665 0 22950 SHLOMY KATTAN SR DIRECTOR/IMPACT ARCHIT 40.00 X 208081 0 21954 ZENIA TATA CHIEF IMPACT OFFICER 40.00 X 235666 0 19025 CHRISTOPHER CLASSEN VP, EVENTS & EXPERIENCE 40.00 X 163193 0 13378 ERIC LOCKE DIRECTOR, PRIZE MANAGEMENT 40.00 X 162037 0 8542 ILKHOMDJON MADJIDOV SR. DIRECTOR, OPERATIONS & INFRASTRUCTURE 40.00 X 164654 0 14958 LALIT JOSHI DIRECTOR, SOFTWARE DEVELOPMENT 40.00 X 171058 0 19157 MARCIUS EXTAVOUR VP, ENERGY & CLIMATE 40.00 X 167093 0 27484 3256801 0 343679 33 0 1 0 E- LINE VENTURES LLC 3600 SAN JERONIMO DR SUITE 410 ANCHORAGE AK 99508 YOUTH GAME DESIGN COMPETITION 335000 TED CONFERENCES LLC (ACH) 330 HUDSON ST 11TH FLOOR NEW YORK NY 10013 NYC PITCH EVENT 250000 SEVENBLUE LLC 530 5TH AVE 9TH FLOOR NEW YORK NY 10036 CREATIVE IDEATION, PRODUCTION AND MULTI 207000 THE FULL PICTURE LLC 915 BROADWAY 20TH FLOOR NEW YORK NY 10010 MARKETING & MANAGEMENT SERVICES 155367 TZEZANA ROEY 65 TAFT AVE PROVIDENCE RI 02906 CONSULTANT AND ANALYST 143808 8 24090511 733483 24090511 88140 88140 OTHER INCOME 900099 29096 29096 29096 24207747 0 0 117236 2688926 1070731 1198454 419741 9110853 6332459 1125351 1653043 151340 60263 67453 23624 623694 423532 64079 136083 822430 466665 196619 159146 92440 92440 4410 4410 34 24 7 3 529982 476568 14601 38813 5010149 5000565 1057 8527 71207 51162 13580 6465 392548 392548 1254514 901391 239256 113867 340875 296692 6240 37943 28825 20711 5497 2617 50 36 10 4 602067 432586 114821 54660 143025 102764 27276 12985 BAD DEBT EXPENSE 2005002 1440596 382378 182028 PRODUCTION EXPENSE 742305 697343 475 44487 WEB HOSTING 480605 345315 91657 43633 PROGRAM EVENT EXPENSE 217249 208383 557 8309 309570 222427 59039 28104 25622100 19039611 3608407 2974082 1817194 46370758 14366990 4147500 2301893 5275637 610110 44910 488301 293536 5759134 3289341 1250400 2469793 51318852 8389 8389 220230 713371 57761215 73945038 3945884 3653443 2923000 8346136 12401431 24868959 19270315 36868538 X 5649000 8018000 32841900 29058500 38490900 37076500 57761215 73945038 -1414353 -47 0 X X 0 1 X 1 0 X 27572485 26686787 15528650 16015678 24090511 109894111 27572485 26686787 15528650 16015678 24090511 109894111 33439883 76454228 669365 1018325 1461268 2327755 88140 5564853 29096 29096 115488060 5251104 0.66200 0.60180 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2020 AMOUNT: $ 29,096. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1000000 1000000 1000000 3000000 4500000 120000 96440 75000 291440 250000 250000 250000 750000 1125000 4735496 2756852 1978644 975123 486989 488134 48515 45500 3015 2469793 SCHWAB-UNRESTRICTED 49590057 C SCHWAB-WILDFIRE 1728795 C 51318852 PRIZE PURSES 20803750 DEFERRED RENT 2111871 PPP LOAN 1803338 ECONOMIC INJURY DISASTER LOAN 150000 24868959 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, 2020. THE FOUNDATION'S FEDERAL INCOME TAX RETURNS FOR FISCAL YEARS 2019, 2018 AND 2017 REMAIN OPEN. THE FOUNDATION'S STATE INCOME TAX RETURNS FOR FISCAL YEARS 2019, 2018, 2017 AND 2016 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 STATEMENT OF FINANCIAL POSITION. THE FOUNDATION IS SUBJECT TO INCOME TAXES ON ANY NET INCOME THAT IS DERIVED FROM TRADES OR BUSINESSES, 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, 2020. X X X 0 0 0 0 0 0 0 0 0 ANOUSHEH ANSARI CHIEF EXECUTIVE OFFICER 448809 0 0 0 0 0 10029 0 24685 0 483523 0 0 0 AMIR BANIFATEMI CHIEF STRATEGY OFFICER 266294 0 0 0 0 0 0 0 35088 0 301382 0 0 0 MASSIMO CAPPELLARI CHIEF TECHNOLOGY OFFICER 231713 0 0 0 0 0 3570 0 36524 0 271807 0 0 0 PETER DIAMANDIS FOUNDER & CHAIRMAN 228026 0 0 0 0 0 7012 0 35645 0 270683 0 0 0 ZENIA TATA CHIEF IMPACT OFFICER 235666 0 0 0 0 0 7132 0 11893 0 254691 0 0 0 DOMINIC KOSSIFOS CHIEF MARKETING OFFICER 229073 0 0 0 0 0 0 0 8297 0 237370 0 0 0 CHANDA GONZALEZ-MOWRER CHIEF PRIZE OFFICER 218176 0 0 0 0 0 5498 0 9811 0 233485 0 0 0 SHLOMY KATTAN SR DIRECTOR/IMPACT ARCHIT 208081 0 0 0 0 0 0 0 21954 0 230035 0 0 0 OSE UGOCHUKWU GENERAL COUNSEL 194665 0 0 0 0 0 5927 0 17023 0 217615 0 0 0 MARCIUS EXTAVOUR VP, ENERGY & CLIMATE 167093 0 0 0 0 0 5370 0 22114 0 194577 0 0 0 LALIT JOSHI DIRECTOR, SOFTWARE DEVELOPMENT 171058 0 0 0 0 0 0 0 19157 0 190215 0 0 0 ROBERT WEISS VICE CHAIRMAN 153839 0 0 0 14424 0 0 0 20072 0 188335 0 0 0 ILKHOMDJON MADJIDOV SR. DIRECTOR, OPERATIONS & INFRASTRU 164654 0 0 0 0 0 4550 0 10408 0 179612 0 0 0 CHRISTOPHER CLASSEN VP, EVENTS & EXPERIENCE 163193 0 0 0 0 0 4342 0 9036 0 176571 0 0 0 ERIC LOCKE DIRECTOR, PRIZE MANAGEMENT 162037 0 0 0 0 0 2313 0 6229 0 170579 0 0 0 X 6 733483 FMV 0 0 0 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTIONS IN COLUMN (B). 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. GLXP LLC 800 CORPORATE POINTE SUITE 350 CULVER CITY CA 90230 521876879 SPECIAL EVENTS DE 0 0 X PRIZE FOUNDATION INC X PRIZE FOUNDATION INDIA JEEVAN BHARATI 10TH FLOOR TOWER-I CONNAUGHT PLACE DELHI IN 110001 PUBLIC CHARITY IN N/A N/A X PRIZE FOUNDATION INC 1 X PRIZE FOUNDATION (INDIA) SUITE 601 6TH FLOOR MAFATLAL HOUS CHURCHGATE MUMBAI IN 400020 PUBLIC CHARITY IN N/A N/A X PRIZE FOUNDATION INC 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0