2019-11-18T14:05:22-06:00 2018-12-31 221478099 COHNREZNICK LLP 400 CAPITOL MALL SUITE 1200 SACRAMENTO CA 95814 990 2018-01-01 521876879 X PRIZE FOUNDATION INC XPRI 3107414880 800 CORPORATE POINTE SUITE 350 CULVER CITY CA 90230 ANOUSHEH ANSARI CEO 3107414880 2019-11-14 1 LISA M CUMMINGS CPA P00043433 9164429100 2019-11-14 209.59.242.22 2019-11-14 20:12:17 PS P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 4CA2F60FEBDC6170EF0A7A0D4A4FF84A306142A0 2018 2020-03-31 21:24:44Z ANOUSHEH ANSARI 800 CORPORATE POINTE SUITE 350 CULVER CITY CA 90230 16989918 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. 12 9 127 9 0 52041 26686787 15528650 0 0 1018325 1461268 0 0 27705112 16989918 82568 29508 0 0 12975564 12614777 0 0 3456548 23370506 25836331 36428638 38480616 -8723526 -21490698 118391755 91242507 41443323 37850200 76948432 53392307 X SEE SCHEDULE O 0 0 24182345 27864 0 X PRIZE FOUNDATION, INC. ("X PRIZE") IS A NOT-FOR-PROFIT 501(C)(3) MARYLAND 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. 1426407 1644 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. 25608752 1 1 0 1 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 1 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 1 102 0 1 127 1 0 0 0 0 0 0 0 0 0 0 0 0 X 12 9 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 CA X COURTNEY COLMAN 3107414880 800 CORPORATE POINTE SUITE 350 CULVER CITY CA 90230 AMIR ANSARI DIRECTOR 1.00 X 0 0 0 ANOUSHEH ANSARI CEO 40.00 X X 146336 0 940 BARRY THOMPSON TREASURER 1.00 X 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 DIRECTOR 1.00 X 0 0 0 JEFFREY SHAMES DIRECTOR 1.00 X 0 0 0 JOHN FRANK DIRECTOR 1.00 X 0 0 0 MARCUS SHINGLES CEO (OUTGOING) 40.00 X X 321310 0 9736 PETER DIAMANDIS FOUNDER & CHAIRMAN 40.00 X X 254500 0 36822 ROBERT WEISS VICE CHAIRMAN 40.00 X X 202524 0 44177 SALIM ISMAIL DIRECTOR 1.00 X 0 0 0 CHANDA GONZALEZ VP OF PRIZE OPERATIONS 40.00 X 193821 0 10187 MASSIMO CAPPELLARI CHIEF TECHNOLOGY OFFICER 40.00 X 238792 0 32671 ZENIA TATA CHIEF IMPACT OFFICER 40.00 X 224783 0 26320 JEFFREY NERDIN GENERAL COUNSEL 40.00 X 247500 0 31993 1829566 0 192846 26 0 1 0 DELOITTE CONSULTING LLP PO BOX 844717 DALLAS TX 75284 AUDIT & TAX SERVICES 440000 AJILON DEPT CH 14031 PALATINE IL 60055 PROFESSIONAL STAFFING SERVICES 158611 DANIEL MCCLEERY 11070 EAST LAS POSAS RD SANTA ROSA VALLEY CA 93012 CONSULTANT - CFO 154000 AMIR BANIFATEMI PO BOX 8176 NEWPORT BEACH CA 92658 CONSULTANT 150000 SYNAPTIC PUBLIC RELATIONS 1342 N HIGHLAND AVE 5 LOS ANGELES CA 90028 MARKETING PROFESSIONAL SERVICES 132120 38 15528650 15528650 1461268 1461268 16989918 0 0 1461268 29508 29508 1742919 1742919 8938210 6457836 875164 1605210 240179 78486 130429 31264 937284 306285 508993 122006 756185 247106 410647 98432 252561 227305 25256 50906 50906 96440 96440 347666 347666 2753147 2447147 31000 275000 1969202 1310414 11139 647649 232614 102350 46523 83741 862005 862005 1119177 839383 279794 1829857 1756663 9832 63362 26776 26776 301 301 718673 718673 201247 140873 60374 COMPETITION EXPENSE 5711472 5711472 PROGRAM EVENT EXPENSE 4822391 4822391 BAD DEBT EXPENSE 3767525 555000 3212525 PRODUCTION EXPENSE 847768 847768 226603 74321 111038 41244 38480616 25608752 9415316 3456548 3991662 3957257 498300 269880 38426320 13153826 2514064 3199105 296309 400742 5266976 4128495 1734213 1138481 70426808 67058171 272460 1082713 8389 8389 223230 973943 118391755 91242507 3944846 4076171 8051938 5375461 29446539 28398568 41443323 37850200 X 76948432 53392307 76948432 53392307 118391755 91242507 -21490698 -2065427 0 X X 0 1 X 1 0 X 37136186 47478234 27572485 26686787 15528650 154402342 37136186 47478234 27572485 26686787 15528650 154402342 56011916 98390426 57715 114810 669365 1018325 1461268 3321483 157723825 11103863 0.62380 0.68730 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 96440 96440 38384176 38480616 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 132000 144000 120000 96440 492440 250000 250000 250000 250000 1000000 1500000 42436 42436 0 2673619 1960216 713403 892803 729183 163620 1658118 1396660 261458 1138481 PRIZE PURSES 27442070 DEFERRED RENT 956498 28398568 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, 2018. THE FOUNDATION'S FEDERAL INCOME TAX RETURNS FOR FISCAL YEARS 2018, 2017 AND 2016 REMAIN OPEN. THE FOUNDATION'S STATE INCOME TAX RETURNS FOR FISCAL YEARS 2018, 2017, 2016 AND 2015 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, 2018. SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, 1 1 GENERAL & ADMINISTRATIVE 398015 1 1 0 0 1 1 398015 0 398015 0 0 0 0 0 0 X X X 0 0 0 0 0 0 0 0 0 MARCUS SHINGLES CEO (OUTGOING) 321310 0 0 0 0 0 1476 0 8260 0 331046 0 0 0 PETER DIAMANDIS FOUNDER & CHAIRMAN 254500 0 0 0 0 0 3714 0 33108 0 291322 0 0 0 ROBERT WEISS VICE CHAIRMAN 202524 0 0 0 0 0 0 0 44177 0 246701 0 0 0 CHANDA GONZALEZ VP OF PRIZE OPERATIONS 175821 0 18000 0 0 0 2651 0 7536 0 204008 0 0 0 MASSIMO CAPPELLARI CHIEF TECHNOLOGY OFFICER 220792 0 18000 0 0 0 3367 0 29304 0 271463 0 0 0 ZENIA TATA CHIEF IMPACT OFFICER 224783 0 0 0 0 0 3096 0 23224 0 251103 0 0 0 JEFFREY NERDIN GENERAL COUNSEL 247500 0 0 0 0 0 3128 0 28865 0 279493 0 0 0 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 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 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 1 1 0 0 0 0 0