2018-11-15T16:00:16-06:00 2017-12-31 221478099 COHNREZNICK LLP 400 CAPITOL MALL SUITE 1200 SACRAMENTO CA 95814 990 2017-01-01 521876879 X PRIZE FOUNDATION INC XPRI 3107414880 800 CORPORATE POINTE SUITE 350 CULVER CITY CA 90230 ANOUSHEH ANSARI CEO CEO 3107414880 2018-11-14 1 LISA M CUMMINGS CPA P00043433 9164429100 2018-11-14 66.77.76.5 2018-11-14 14:45:29 PS P 7C1D79676312C3334FF9329B387549651A31B685 9DBA047294FA86BC4E95E35DACD2DFAEA6923977 2017 2019-02-21 02:37:17Z ANOUSHEH ANSARI 800 CORPORATE POINTE SUITE 350 CULVER CITY CA 90230 27705112 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 9 117 31 0 0 27572485 26686787 5251104 0 905605 1018325 0 0 33729194 27705112 0 82568 0 0 15228938 12975564 0 0 2799740 12701498 23370506 27930436 36428638 5798758 -8723526 118011416 118391755 32552142 41443323 85459274 76948432 X SEE SCHEDULE O 0 0 4137805 82568 0 GLOBAL LEARNING XPRIZE - SEE SCHEDULE O 3537212 0 0 BARBARA BUSH ADULT LITERACY XPRIZE - SEE SCHEDULE O 3237029 0 0 NRG COSIA CARBON XPRIZE - SEE SCHEDULE O 5335927 0 0 SHELL OCEAN DISCOVERY XPRIZETHE $7 MILLION SHELL OCEAN DISCOVER XPRIZE IS A GLOBAL COMPETION CHALLENGING TEAMS TO ADVANCE DEEP-SEA TECHNOLOFIES FOR AUTONOMOUS, FAST AND HIGH-RESOLUTION OCEAN EXPLORATION. THE SUCCESS OF THIS PRIZE WILL ALLOW US TO FULLY EXPLORE AND MAP THE OCEAN FLOOR AND UNCOVER OUR PLANET'S GREATEST WONDER AND RESOURCE FOR THE BENEFITOF HUMANITY. THE NATIONAL OCEANOGRAPHIC AND ATMOSPHERIC ADMINISTRATION FS (NOAA) $1 MILLION BONUS PRIZE WILL INCENTIVIZE TEAMS TO DEVELOP TECHNOLOGIES TO DETECT THE SOURCE OF CHEMICAL AND BIOLOGICAL SIGNALS UNDERWATER.THE SHELL OCEAN DISCOVERY XPRIZE WILL USHER IN A NEW ERA OF OCEAN EXPLORATION BY PUSHING THE BOUNDARIES OF EXISTING TECHNOLOGIES AND DISCOVERING NEW OCEAN SPECIES, UNDERWATER RESOURCES, GEOLOGICAL FEATURES, AND SAFER METHODS OF EXPLORING THE DEEP SEA. THE SHELL OCEAN DISCOVERY XPRIZE WILL 1) ACCELERATE INNOVATION FOR THE RAPID AND UNMANNED EXPLORATION OF THE UNCHARTED DEEP SEA. 2) CATALYZE MARKETS IN DEEP OCEAN EXPLORATION AND DISCOVERY, SUSTAINABLE RESOURCE DEVELOPEMENT, AND PROTECTION. 3)ILLUMINATE THE MOST MYSTERIOUS PART OF THE PLANET AND IGNITE THE PUBLIC IMAGINATION.QUALCOMM TRICORDER XPRIZETHE QUALCOMM TRICORDER XPRIZE IS A $10 MILLION FLOBAL COMPETITION TO STIMULATE INNOVATION AND INTEGRATIOIN OF PRECISION DIAGNOSTIC TECHNOLODIES, MAKING RELIABLE HEALTH DIAGNOSES AVAILABLE DIRECTLY TO HEALTH CONSUMERES H IN THEIR HOMES. THE DIRE NEED FOR IMPROVEMENTS IN HEALTH AND HEALTHCARE IN THE U.S. HAS CAPTURED THE ATTENTION OF GOVERNMENT INDUSTRY, AND PRIVATE CITIZENS FOR YEARS. BUT A VIABLE SOLUTION HAS YET EVADED ON THE MOST TECHNOLOGICALLY ADVANCED, EDUCATED, AND PROSPEROUS NATIONS ON THE GLOBE. INTEGRATED DIAGNOSTIC TECHNOLOFY, ONCE AVAILABLE ON A CONSUMER MONILE DEVICE THAT IS EASY TO USE, WILL ALLOW INDIVIDUALS TO INCORPORATE HEALTH KNOWLEDDGE AND DECISION MAKING INTO THEIR DAILY LIVES. ADVANCES IN THE FIELDS SUCH AS ARTIFICAL INTELLIGENCE, WIRELESS SENSELESS, IMAGING DIAGNOSTICS, LAB-ON-A-CHIP, AND MOLECULAR BIOLOGY WILL ENABLE BETTER CHOICES IN WHEN, WHERE AND HOW INDIVIDUALS RECEIVE CARE, THUS MAKING HEALTHCARE MORE CONVENIENT, AFFORDABLE, AND ACCESSIBLE. THE WINNER, TO BE ANNOUNCES IN 2017, WILL BE THE TEAM WHOSE TECHNOLOFY MOST ACCURATELY DIAGNOSES A SET OF DISEASES INDEPENDENT OF A HEALTHCARE PROFESSIONAL OR FACILITY, AND THAT PROVIDES THE BEST CONSUMER USER EXPERIENCE WITH THEIR DEVICE.WENDY SCHMIDT OCEAN HEALTH XPRIZETHE WENDY SCHMIDT OCEAN HEALTH XPRIZE IS A $2 MILLION GLOBAL COMPETITION THAT CHALLENGES TEAMS OF ENGINEERS, SCIENTISTS AND INNOVATORS FROM ALL OVER THE WORLD TO CREATE PH SENSOR TECHNOLOGY THAT WILL AFFORDABLY, ACCURATELY AND EFFICIENTLY MEASURE OCEAN CHEMISTRY FROM ITS SHALLOWEST WATERS TO ITS DEEPEST DEPTHS. THE PRIZE WAS AWARDED JULY 2015. SINCE THAT TIME XPRIZE CONTINUES TO DRIVE IMPACT TO THIS AREA WITH CONTINUED OUTREACH AND EDUCATION EFFORTS. 5335927 0 0 16247973 1 1 0 1 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 1 1 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 207 0 1 117 1 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 DANIEL MCCLEEREY 3107414880 800 CORPORATE POINTE SUITE 350 CULVER CITY CA 90230 ANOUSHEH ANSARI DIRECTOR 1.00 X 0 0 0 AMIR ANSARI DIRECTOR 1.00 X 0 0 0 JACK BADER DIRECTOR 1.00 X 0 0 0 GIL ELBAZ DIRECTOR 1.00 X 0 0 0 ERIC ESRAILIAN 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 PETER DIAMANDIS FOUNDER & CHAIR 40.00 X X 253883 0 8526 GREGG MARYNIAK SECRETARY 1.00 X X 0 0 0 BARRY THOMPSON TREASURER 1.00 X X 0 0 0 ROBERT K WEISS VICE CHAIR 40.00 X X 374687 0 51309 MARCUS SHINGLES CEO 40.00 X X 759641 0 19724 CHRISTOPHER FRANGIONE VP-PRIZE DEVELOPMENT & EXECUTION 40.00 X 312013 0 3019 MASSIMO CAPPELLARI CHIEF TECHNOLOGY OFFICER 40.00 X 239446 0 7410 JEFFREY NERDIN VP-GEN COUNSEL, LEGAL & CORP DEV 40.00 X 224004 0 9699 ZENIA TATA CHIEF IMPACT OFFICER 40.00 X 222753 0 11150 PAUL BUNJE CHIEF SCIENTIST 40.00 X 212787 0 2922 GILLIAN SHELDON CHIEF MARKETING DIRECTOR 40.00 X 208659 0 11315 MATTHEW KELLER SR DIRECTOR-CIVIL SOCIETY IMPACT 40.00 X 200897 0 40955 GRANT CAMPANY SR DIRECTOR-PRIZE OPERATIONS 40.00 X 200357 0 3520 EDWARD MCNIERNEY DIRECTOR-PRIZE STRATEGY 40.00 X 192883 0 8886 JYOTIKA VIRMANI SR DIRECTOR-PLANET/ENVIR/ARCHIT 40.00 X 184146 0 5080 SHLOMY KATTAN SR DIRECTOR-LEARN/IMPACT ARCHIT 40.00 X 183650 0 2946 3769806 0 186461 39 0 1 0 BASIL LEAF TECHNOLOGIES LLC 85 SHARON LANE PAOLI PA 19301 PRIZE PURSE 2600000 VCP CP CULVER CITY LLC #LA239 C/O CUSHMAN WAKEFIELD POB 511335 LOS ANGELES CA 90051 PROPERTY MANAGEMENT 1056140 CREATIVE CURRICULUM INITIATIVES 80 FIFTH AVENUE NEW YORK NY 10011 PRIZE PURSE 1000000 ROBOTUTOR LLC 1 COVENTRY LANE PITTSBURGH PA 15228 PRIZE PURSE 1000000 INTERVIEWING SERVICE OF AMERICA LLC 15400 SHERMAN WAY SUITE 400 VAN NUYS CA 91406 FIELD STUDY SET UP 846315 20 26686787 26686787 1018325 1018325 27705112 0 0 1018325 X 58200 58200 24368 24368 2932947 1167899 1307215 457833 8433718 3358307 3758908 1316503 63479 25277 28293 9909 791905 315337 352952 123616 753515 300050 335841 117624 250478 75143 175335 4997 4997 120000 96000 24000 87364 87364 5462549 1802642 3222904 437003 1147127 95294 1014003 37830 291250 16323 269245 5682 1299107 1295704 3403 1051298 377 1050921 1860603 456888 1327893 75822 103276 84324 15574 3378 2999 2999 768190 768190 144470 144470 COMPETITION EXPENSE 5137157 5091425 45732 PROGRAM EVENT EXPENSE 3854572 3147239 581258 126075 PRODUCTION EXPENSE 995448 82694 879926 32828 STAFF DEVELOPMENT 380869 2474 350591 27804 408752 47712 360610 430 36428638 16247973 17380925 2799740 2344343 3991662 25554033 498300 40213000 38426320 2472779 2514064 81997 296309 5233595 3499382 2362402 1734213 70426808 44974910 272460 8389 7952 223230 118011416 118391755 2681079 3944846 5026665 8051938 24844398 29446539 32552142 41443323 X 85459274 76948432 85459274 76948432 118011416 118391755 -8723526 212684 0 X X 0 1 X 1 0 X 22121138 37136186 47478234 27572485 26686787 160994830 22121138 37136186 47478234 27572485 26686787 160994830 48537855 112456975 57358 57715 114810 669365 1018325 1917573 694588 17451 712039 163624442 19943736 0.68730 0.69790 X 120000 120000 36308638 36428638 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 156000 132000 144000 120000 552000 250000 250000 250000 250000 1000000 1500000 2716055 1622084 1093971 1944894 1378732 566162 572646 498566 74080 1734213 PRIZE PURSES 28039203 DEFERRED RENT 1399827 CAPITAL LEASE 6064 OTHER LIABILITIES 1445 29446539 X PART X, LINE 2: THE FOUNDATION IS A TAX-EXEMPT ORGANIZATION 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. HOWEVER, THE FOUNDATION IS SUBJECT TO INCOME TAXES ON ANY NET INCOME THAT IS DERIVED FROM TRADE 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 THEY ARE SUBJECT TO UNRELATED BUSINESS INCOME TAX. THE FOUNDATION WAS NOT SUBJECT TO ANY UNRELATED BUSINESS INCOME TAX FOR THE YEAR ENDED DECEMBER 31, 2017. IN ACCORDANCE WITH FASB ASC TOPIC NO. 740, "INCOME TAXES," THE FOUNDATION RECOGNIZES THE IMPACT OF TAX POSITIONS IN THE FINANCIAL STATEMENTS IF THE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED ON AUDIT, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE FOUNDATION HAS NO RECOGNIZED/DERECOGNIZED TAX BENEFITS, TAX PENALTIES OR INTEREST. AS OF DECEMBER 31, 2017, THE OPEN TAX YEARS FOR THE FOUNDATION WERE 2014 TO 2017. 0 SOUTH ASIA 1 2 ADMINISTRATIVE 69304 1 2 0 0 1 2 69304 0 69304 EUROPE (INCLUDING ICELAND & GREENLAND) LONDON EDTECH WEEK 2017 SPONSORSHIP 9368 NORTH AMERICA SPONSORSHIP OF 2017 INTERNATIONAL STUDENT ENERGY MEXICO 15000 2 0 0 0 0 0 0 1 ICV EVENTS LLC 405 LEXINGTON AVE FLOOR 26 NEW YORK NY 10174 5000 ICV EVENTS FOUNDATION FOR INSPIRATION & RECOGNITION OF SCIENCE AND TECHNOLOGY 200 BEDFORD STREET MANCHESTER NH 03101 222990908 501(C)(3) 25000 2017 FIRST GLOBAL INNOVATION AWARD SPONSORSHIP YOUNG PRESIDENTS ORGANIZATION 11444 W OLYMPIC BLVD 11TH FLOOR LOS ANGELES CA 90064 133516457 25000 08-2017 YPO SPONSORSHIP 1 2 PART I, LINE 2: THE ORGANIZATION SPONSORS SPECIFIC U.S. PROGRAMS OF THE GRANTEE ORGANIZATION. X X X 0 0 0 0 0 0 0 0 0 PETER DIAMANDIS FOUNDER & CHAIR 253883 0 0 0 0 0 3722 0 4804 0 262409 0 0 0 ROBERT K WEISS VICE CHAIR 354411 0 20276 0 0 0 0 0 51309 0 425996 0 0 0 MARCUS SHINGLES CEO 509641 0 250000 0 0 0 0 0 19724 0 779365 0 0 0 CHRISTOPHER FRANGIONE VP-PRIZE DEVELOPMENT & EXECUTION 288899 0 23114 0 0 0 3019 0 0 0 315032 0 0 0 MASSIMO CAPPELLARI CHIEF TECHNOLOGY OFFICER 220811 0 18635 0 0 0 3356 0 4054 0 246856 0 0 0 JEFFREY NERDIN VP-GEN COUNSEL, LEGAL & CORP DEV 200489 0 23515 0 0 0 3076 0 6623 0 233703 0 0 0 ZENIA TATA CHIEF IMPACT OFFICER 196884 0 25869 0 0 0 2957 0 8193 0 233903 0 0 0 PAUL BUNJE CHIEF SCIENTIST 194823 0 17964 0 0 0 2922 0 0 0 215709 0 0 0 GILLIAN SHELDON CHIEF MARKETING DIRECTOR 208659 0 0 0 0 0 1298 0 10017 0 219974 0 0 0 MATTHEW KELLER SR DIRECTOR-CIVIL SOCIETY IMPACT 185397 0 15500 0 0 0 2852 0 38103 0 241852 0 0 0 GRANT CAMPANY SR DIRECTOR-PRIZE OPERATIONS 190357 0 10000 0 0 0 1575 0 1945 0 203877 0 0 0 EDWARD MCNIERNEY DIRECTOR-PRIZE STRATEGY 175683 0 17200 0 0 0 0 0 8886 0 201769 0 0 0 JYOTIKA VIRMANI SR DIRECTOR-PLANET/ENVIR/ARCHIT 166646 0 17500 0 0 0 2538 0 2542 0 189226 0 0 0 SHLOMY KATTAN SR DIRECTOR-LEARN/IMPACT ARCHIT 168150 0 15500 0 0 0 0 0 2946 0 186596 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 III, LINE 4A, DESCRIPTION OF PROGRAM SERV ACCOMPLISHMENTS: GLOBAL LEARNING XPRIZE THE GLOBAL LEARNING XPRIZE IS A COMPETITION THAT CHALLENGES TEAMS FROM AROUND THE WORLD TO DEVELOP AN OPEN SOURCE SCALABLE SOFTWARE SOLUTION THAT WILL ENABLE CHILDREN IN DEVELOPING COUNTRIES TO TEACH THEMSELVES BASIC READING, WRITING AND ARITHMETIC WITHIN THE 18 MONTH COMPETITION FIELD-TESTING PERIOD. AN ESTIMATED 250 MILLION CHILDREN AROUND THE WORLD CANNOT READ, WRITE, OR DEMONSTRATE BASIC ARITHMETIC SKILLS. MANY OF THESE CHILDREN ARE IN DEVELOPING COUNTRIES WITHOUT REGULAR ACCESS TO QUALITY SCHOOLS OR TEACHERS. THE LEARNING SOLUTIONS DEVELOPED BY THIS PRIZE WILL ENABLE A CHILD TO LEARN AUTONOMOUSLY, AND THOSE CREATED BY THE FINALISTS WILL BE OPEN-SOURCED FOR ALL TO ACCESS, ITERATE AND SHARE. THIS TECHNOLOGY COULD BE DEPLOYED AROUND THE WORLD, BRINGING LEARNING EXPERIENCES TO CHILDREN OTHERWISE THOUGHT UNREACHABLE, WHO DO NOT HAVE ACCESS TO QUALITY EDUCATION, AND SUPPLEMENTING THE LEARNING EXPERIENCES OF CHILDREN WHO DO. THE $15 MILLION DOLLAR PRIZE IS SCHEDULED TO BE AWARDED THE FIRST QUARTER OF 2015 AS FOLLOWS: FIVE FINALISTS WILL BE AWARDED $1 MILLION EACH. THIS PRIZE WILL BE AWARDED BY THE JUDGING PANEL TO TEAMS WITH THE BEST PROPOSED SOLUTIONS. THE GRAND PRIZE WINNER WILL BE AWARDED $10 MILLION FOR THE TOP PERFORMING TEAM SOLUTION BASED ON THE FIELD TESTING OF THE TEAMS. FORM 990, PART III, LINE 4B, DESCRIPTION OF PROGRAM SERV ACCOMPLISHMENTS: BARBARA BUSH ADULT LITERACY XPRIZE THE BARBARA BUSH FOUNDATION ADULT LITERACY XPRIZE PRESENTED BY DOLLAR GENERAL LITERACY FOUNDATION IS A GLOBAL COMPETITION CHALLENGING TEAMS TO DEVELOP MOBILE APPLICATIONS FOR EXISTING SMART DEVICES THAT RESULT IN THE GREATEST INCREASE IN LITERACY SKILLS AMONG PARTICIPATING ADULT LEARNERS IN JUST 12 MONTHS. THE SOLUTIONS WILL OVERCOME KEY BARRIERS TO LITERACY LEARNING BY IMPROVING ACCESS, WHILE INCREASING RETENTION, AND SCALING TO MEET DEMAND. OUR VISION IS TO EMPOWER NEARLY 1 IN 10 LOW-LITERATE ADULTS LIVING IN THE U.S. WITH THE SKILLS THEY NEED TO IMPROVE THEIR LIVES AND REALIZE THEIR DREAMS. TEAMS WILL COMPETE IN A MULTI-STAGE COMPETITION THAT TESTS FOR 1) ABILITY TO MEASURABLY INCREASE THE LITERACY LEVEL OF LOW-LITERATE ADULTS WITHIN 12 MONTHS 2) CREATION OF A DESIGN THAT IS EASY AND ACCESSIBLE FOR USE ON A MOBILE PHONE SO THAT LEARNERS CAN ACCESS IT AND OPERATE IT FROM ANYWHERE, ANYTIME AND 3) SOFTWARE CURRICULUM THAT IS ENGAGING, RELEVANT AND ATTUNED TO THE NEEDS AND INTERESTS OF THE ADULT LEARNER. COMPETING TEAMS WILL BUILD SOLUTIONS THAT PROPEL ADULT EDUCATION INTO THE 21ST CENTURY AND BEYOND, CREATING SMART, MOBILE SOLUTIONS THAT WILL TAKE LEARNERS FURTHER AND FASTER THAN THEY THOUGHT POSSIBLE. THIS COMPETITION WILL PUT LEARNING TOOLS IN THE HANDS OF THOSE WHO NEED THEM MOST, SO LEARNING CAN HAPPEN ANYTIME, ANYWHERE. THE APPLICATIONS WILL ADDRESS THE COMPLEXITIES OF THE ADULT LEARNER'S LIFE AND REALITY TACKLING THE LARGEST OBSTACLES TO ACHIEVING BASIC LITERACY BY IMPROVING ACCESS, ENCOURAGING PERSISTENCE, DEVELOPING RELEVANT LEARNING CONTENT, AND SCALING NATIONWIDE. FORM 990, PART III, LINE 4C, DESCRIPTION OF PROGRAM SERV ACCOMPLISHMENTS: NRG COSIA CARBON XPRIZE THE $20M NRG COSIA CARBON XPRIZE WILL CHALLENGE THE WORLD TO REIMAGINE WHAT WE CAN DO WITH CO2EMISSIONS BY INCENTIVIZING AND ACCELERATING THE DEVELOPMENT OF TECHNOLOGIES THAT CONVERT CO2 INTO VALUABLE PRODUCTS. THESE TECHNOLOGIES HAVE THE POTENTIAL TO TRANSFORM HOW THE WORLD APPROACHES CO2 MITIGATION, AND REDUCE THE COST OF MANAGING CO2. THE COMPETITION WILL HAVE TWO TRACKS ONE FOCUSED ON TESTING TECHNOLOGIES AT A COAL POWER PLANT AND ONE FOCUSED ON TESTING TECHNOLOGIES AT A NATURAL GAS POWER PLANT. EACH TRACK WILL OPERATE AS A SEPARATE COMPETITION ON THE SAME TIMELINE. THE CARBON XPRIZE SEEKS TO INSPIRE THE BRIGHTEST MINDS AROUND THE WORLD TO TACKLE A SIGNIFICANT CHALLENGE AND HELP SOLVE CLIMATE CHANGE. THE PRIZE WILL INCENTIVIZE DEVELOPMENT OF NEW AND EMERGING CO2 CONVERSION TECHNOLOGIES, ACCELERATING THEM FROM LABORATORY TESTING TO DEMONSTRATION UNDER REAL WORLD CONDITIONS. THE PRIZE WILL HELP IDENTIFY THE MOST PROMISING PATHWAYS FOR CO2 CONVERSION AND PROVE THEY CAN BE DEPLOYED AT POWER PLANTS AND OTHER INDUSTRIAL FACILITIES. ULTIMATELY, THE IMPACT OF THE PRIZE WILL GO FAR BEYOND THE CRITICAL DEMONSTRATION OF INNOVATIVE TECHNOLOGIES, BY INSPIRING TRANSFORMATION, ENABLING NEW MARKETS, AND EMPOWERING PEOPLE TO BE A PART OF THE SOLUTION TO ONE OF OUR WORLD'S GRANDEST CHALLENGES. 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 IX, LINE 11G CONSULTANTS: PROGRAM SERVICE EXPENSES 1,272,062. MANAGEMENT AND GENERAL EXPENSES 2,274,291. FUNDRAISING EXPENSES 308,378. TOTAL EXPENSES 3,854,731. PAYROLL PROCESSING: PROGRAM SERVICE EXPENSES 6,053. MANAGEMENT AND GENERAL EXPENSES 10,822. FUNDRAISING EXPENSES 1,467. TOTAL EXPENSES 18,342. PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 279,975. MANAGEMENT AND GENERAL EXPENSES 500,561. FUNDRAISING EXPENSES 67,873. TOTAL EXPENSES 848,409. STAFFING AGENCY - TEMPORARY HELP: PROGRAM SERVICE EXPENSES 244,552. MANAGEMENT AND GENERAL EXPENSES 437,230. FUNDRAISING EXPENSES 59,285. TOTAL EXPENSES 741,067. 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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