X PRIZE FOUNDATION INC: Form 990, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- X PRIZE FOUNDATION INC (EIN 52-1876879)
- Tax period
- 2012-01-01 to 2012-12-31
- Filed
- 2013-11-13
- IRS object ID
- 201343179349306309
- Schema version
- 2012v2.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule J
- Schedule L
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-11-13T17:42:18-06:00 | Timestamp |
| Tax Period End Date | 2012-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 952302617 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SINGERLEWAK LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 10960 WILSHIRE BLVD STE 700 | AddressLine1 |
| City | LOS ANGELES | City |
| State | CA | State |
| ZIP Code | 900243783 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2012-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 521876879 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | X PRIZE FOUNDATION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | XPRI | NameControl |
| Phone | 3107414880 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5510 LINCOLN BLVD NO 100 | AddressLine1 |
| City | PLAYA VISTA | City |
| State | CA | State |
| ZIP Code | 90094 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | ROBERT K WEISS | Name |
| Title | PRESIDENT | Title |
| Phone | 3107414880 | Phone |
| Date Signed | 2013-11-13 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | NANAZ BENYAMINI | Name |
| PTIN | P00666808 | PTIN |
| Phone | 3104773924 | Phone |
| Date Prepared | 2013-11-13 | DatePrepared |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2016-03-07 17:11:31Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | ROBERT K WEISS | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5510 LINCOLN BLVD NO 100 | AddressLine1 |
| City | PLAYA VISTA | City |
| State | CA | State |
| ZIP Code | 90094 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 30452212 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.XPRIZE.ORG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1994 | YearFormation |
| State Legal Domicile | CA | StateLegalDomicile |
| Activity Or Mission Description | TO BRING ABOUT RADICAL BREAKTHROUGHS FOR THE BENEFITS OF HUMANITY, THEREBY INSPIRING THE FORMATION OF NEW INDUSTRIES AND THE REVITALIZATION OF MARKETS. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 10 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 7 | NbrIndependentVotingMembers |
| Total Nbr Employees | 54 | TotalNbrEmployees |
| Total Nbr Volunteers | 0 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 30701664 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 30056861 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 373535 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 334000 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 8363 | InvestmentIncomePriorYear |
| Investment Income Current Year | 61176 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 237700 | OtherRevenuePriorYear |
| Other Revenue Current Year | 175 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 31321262 | TotalRevenuePriorYear |
| Total Revenue Current Year | 30452212 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 0 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 7514568 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 8969243 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 1095369 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 9551419 | OtherExpensePriorYear |
| Other Expenses Current Year | 6858620 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 17065987 | TotalExpensesPriorYear |
| Total Expenses Current Year | 15827863 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 14255275 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 14624349 | RevenuesLessExpensesCY |
| Total Assets BOY | 33777798 | TotalAssetsBOY |
| Total Assets EOY | 49168542 | TotalAssetsEOY |
| Total Liabilities BOY | 5227040 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 5993435 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 28550758 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 43175107 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | SEE SCHEDULE O | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 1724766 | Expense |
| Description | ARCHON X PRIZE FOR GENOMICSIN OCTOBER 2006, THE X PRIZE FOUNDATION LAUNCHED A MULTI-MILLION DOLLAR INCENTIVE TO CREATE TECHNOLOGY THAT CAN SUCCESSFULLY MAP 100 HUMAN GENOMES IN 10 DAYS OR LESS FOR UNDER $10 THOUSAND DOLLARS. THE PRIZE IS DESIGNED TO USHER IN A NEW ERA OF PERSONALIZED PREVENTATIVE MEDICINE AND STIMULATE NEW AVENUES OF RESEARCH AND DEVELOPMENT OF MEDICAL SCIENCES.RAPID GENOME SEQUENCING IS WIDELY REGARDED AS THE NEXT GREAT FRONTIER FOR SCIENCE AND WILL EVENTUALLY ALLOW DOCTORS TO DETERMINE AN INDIVIDUALS' SUSCEPTIBILITY TO DISEASE AND EVEN THE GENETIC LINKS TO CANCER. MAPPING YOUR GENETIC CODE IS LIKE TAKING AN X-RAY ALLOWING DOCTORS TO SEE INSIDE YOUR GENETIC PAST AND EVENTUALLY HELPING TO DETERMINE YOUR GENETIC FUTURE.ONLY AFTER WE HAVE ACCESS TO AFFORDABLE AND FAST GENOME SEQUENCING WILL WE BE ABLE TO TAKE ADVANTAGE OF THE COUNTLESS BENEFITS. THIS TECHNOLOGY HELPS US REFINE AND PERFECT OUR KNOWLEDGE AND PRACTICE OF PREVENTIVE MEDICAL TREATMENTS AND PROCEDURES. PREVENTING DISEASE IS THE NEXT BEST THING TO CURING DISEASE. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 1204115 | Expense |
| Description | GOOGLE LUNAR X PRIZEIN SEPTEMBER 2007 GOOGLE AND THE X PRIZE FOUNDATION LAUNCHED THE GOOGLE LUNAR X PRIZE. THIS IS AN UNPRECEDENTED INTERNATIONAL COMPETITION THAT CHALLENGES AND INSPIRES ENGINEERS AND ENTREPRENEURS FROM AROUND THE WORLD TO DEVELOP LOW-COST METHODS OF ROBOTIC SPACE EXPLORATION. THE OBJECTIVE OF THE COMPETITION IS TO SAFELY LAND A ROBOT ON THE SURFACE OF THE MOON, TRAVEL 500 METERS OVER THE LUNAR SURFACE, AND SEND IMAGES AND DATA BACK TO THE EARTH. TEAMS MUST BE AT LEAST 90% PRIVATELY FUNDED AND MUST BE REGISTERED TO COMPETE BY DECEMBER 31, 2010. THE FIRST TEAM TO LAND ON THE MOON AND COMPLETE THE MISSION OBJECTIVES WILL BE AWARDED $20 MILLION DOLLARS. ADDITIONALLY, IN PARTNERSHIP WITH LEGO SYSTEMS, THE 'MOONBOTS' COMPETITION WAS LAUNCHED WHERE PARENT-CHILD TEAMS WERE CHALLENGED WITH DESIGNING, CONTRUCTING, AND PROGRAMMING ROBOTS TO PERFORM SIMULATED LUNAR MISSIONS SIMILAR TO THOSE REQUIRED TO WIN THE GOOGLE LUNAR X PRIZE. | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 1621270 | Expense |
| Description | QUALCOMM TRICORDER XPRIZETHE QUALCOMM TRICORDER XPRIZE IS A $10 MILLION GLOBAL COMPETITION TO STIMULATE INNOVATION AND INTEGRATION OF PRECISION DIAGNOSTIC TECHNOLOGIES, MAKING RELIABLE HEALTH DIAGNOSES AVAILABLE DIRECTLY TO "HEALTH CONSUMERS" 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 TECHNOLOGY, ONCE AVAILABLE ON A CONSUMER MOBILE DEVICE THAT IS EASY TO USE, WILL ALLOW INDIVIDUALS TO INCORPORATE HEALTH KNOWLEDGE AND DECISION-MAKING INTO THEIR DAILY LIVES.ADVANCES IN THE FIELDS SUCH AS ARTIFICIAL INTELLIGENCE, WIRELESS SENSING, 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 WILL BE THE TEAM WHOSE TECHNOLOGY 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. | Description |
Activity Other ActivityOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 5675935 | Expense |
| Revenue | 334000 | Revenue |
| Description | NOKIA SENSING X CHALLENGE:THE NOKIA SENSING XCHALLENGE IS A $2.25 MILLION GLOBAL COMPETITION TO ACCELERATE THE AVAILABILITY OF HARDWARE SENSORS AND SOFTWARE SENSING TECHNOLOGY THAT INDIVIDUALS USE TO ACCESS, UNDERSTAND, AND IMPROVE THEIR HEALTH AND WELL-BEING. INNOVATION IN SENSING IS AN IMPORTANT COMPONENT TO CREATING A MEANS FOR APPEALING, USABLE, SMARTER DIGITAL HEALTH SOLUTIONS,THE NOKIA SENSING XCHALLENGE WILL BE COMPRISED OF TWO DISTINCT CHALLENGES HELD BETWEEN 2013 AND 2014. PRIZE PURSES TOTALING $2.25 MILLION WILL BE AWARDED.SHELL OIL:SHELL AND THE X PRIZE FOUNDATION ARE WORKING TOGETHER TO DRIVE INNOVATION THROUGH EXPLORATION. THE GOAL OF THE EXPLORATION PRIZE GROUP IS TO EXPAND THE USE OF SPACE, THE OCEAN AND OTHER UNEXPLORED FRONTIERS IN ORDER TO IMPROVE LIFE ON EARTH AND EXTEND LIFE BEYOND THE CONFINES OF LAND. WE BELIEVE WE CAN ACHIEVE THESE OBJECTIVES BY RESEARCHING SPACE AND EARTH'S OCEANS, ACCESSING AND CONSERVING THEIR RESOURCES, CATALYZING PRIVATE, NON-GOVERNMENTAL ACTIVITY, AND TAPPING INTO OUR INNATE WONDER ABOUT THE EARTH, THE UNIVERSE AND OUR PLACE WITHIN EACH.CISCO:CISCO AND THE X PRIZE FOUNDATION ARE WORKING TOGETHER TO DRIVE INNOVATION IN ENERGY AND FOR THE ENVIRONMENT. THE GOAL OF THE ENERGY & ENVIRONMENT PRIZE GROUP IS TO GENERATE BREAKTHROUGHS IN CLEAN ENERGY, CLIMATE CHANGE, ENERGY DISTRIBUTION/STORAGE, ENERGY EFFICIENCY/USE, AND WATER RESOURCE MANAGEMENT. ADVANCES IN THESE FIELDS WILL LEAD TO GREATER SUSTAINABILITY AND EFFICIENCY, WHILE REDUCING OUR DEPENDENCE ON FOSSIL FUELS.LEARNING:THE LEARNING PRIZE GROUP ENVISIONS A FUTURE WITH UNPRECEDENTED, INDIVIDUALLY-TAILORED OPPORTUNITIES FOR LIFELONG LEARNING, LITERACY, AUTONOMY, AND CAREER READINESS, AS WELL AS WIDESPREAD TOOLS FOR UPLIFTING ENTIRE POPULATIONS FROM THE VICIOUS CYCLE OF POVERTY. WE AIM TO EMPOWER A UNIVERSALLY-EDUCATED POPULATION, WITH EQUAL ACCESS TO INFORMATION AND KNOWLEDGE REGARDLESS OF AGE, GENDER, RACE, NATIONALITY, OR SOCIO-ECONOMIC STATUS. IN 2012, THE FOUNDATION UNDERTOOK A CAMPAIGN TO RAISE FUNDS IN SUPPORT OF WORK IN THIS AREA. MONEY RAISED WILL BE USED TO DEVELOP A COUPLE OF PRIZES IN THESE AREAS. | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Other Program Service Exp | 5675935 | TotalOfOtherProgramServiceExp |
| Total Of Other Program Service Rev | 334000 | TotalOfOtherProgramServiceRev |
| Total Program Service Expense | 10226086 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 1 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 1 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 1 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 1 | DisregardedEntity |
| Related Entity | 1 | RelatedEntity |
| Related Org Controlled Entity | 1 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 97 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 54 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 10 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 7 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 1 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 1 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | CA | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WINONA DORRIS | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 3107414965 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5510 LINCOLN BLVD | AddressLine1 |
| City | PLAYA VISTA | City |
| State | CA | State |
| ZIP Code | 90094 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (19 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | Key EmployeeKeyEmployee | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|---|
| 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 | |||
| JIM GIANOPULOS | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| JEFF SHAMES | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| BARRY THOMPSON | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| PETER DIAMANDIS | ||||||||
| CHAIRMAN, CEO | 40.00 | X | 441333 | 0 | 38526 | X | ||
| GREGG MARYNIAK | ||||||||
| SECRETARY (FROM 11/2012) | 40.00 | X | 47067 | 0 | 4000 | X | ||
| ROBERT WEISS | ||||||||
| VICE CHAIR, PRESIDENT | 40.00 | X | 538722 | 0 | 15066 | X | ||
| DAVID DONELL | ||||||||
| TREASURER, CFO | 40.00 | 260753 | 0 | 27106 | X | |||
| EILEEN BARTHOLOMEW | ||||||||
| VP, PRIZE DEVELOPMENT | 40.00 | 220754 | 0 | 30295 | X | |||
| TRICIA HALAMANDARIS | ||||||||
| SVP, MARKETING | 40.00 | 229827 | 0 | 24669 | X | |||
| ROBERT HOLLANDER | ||||||||
| VP, BRAND AND CONTENT | 40.00 | 217821 | 0 | 28443 | X | |||
| CHRISTINA CAVALLI | ||||||||
| DIRECTOR OF HR | 40.00 | 163520 | 0 | 19385 | X | |||
| JENNIE DWYER | ||||||||
| SPONSORSHIP SERVICES | 40.00 | 143529 | 0 | 13404 | X | |||
| CHRISTOPHER FRANGIONE | ||||||||
| PRIZE DEVELOPMENT | 40.00 | 176767 | 0 | 17153 | X | |||
| MEGHAN MURPHY | ||||||||
| FUNDRAISING | 40.00 | 153346 | 0 | 5705 | X | |||
| LAURA SEGURA | ||||||||
| FUNDRAISING | 40.00 | 149250 | 0 | 14794 | X | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 2742689 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 238546 | TotalOtherCompensation |
| Number Individuals GT100 K | 20 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| J BEN BOURGEOIS PRODUCTIONS INC | |||||
| 512 N LARCHMONT BLVD | LOS ANGELES | CA | 90004 | MEDIA & ENTERTAINMENT | 1034851 |
| PLAYA CAPITAL COMPANY LLC | |||||
| 6500 SEABLUFF DRIVE | PLAYA VISTA | CA | 90094 | REAL ESTATE | 681847 |
| VIRGIN GALACTIC LLC | |||||
| 65 BLEECKER STREET 6TH FLOOR | NEW YORK | NY | 100122420 | BUSINESS SERVICES | 400000 |
| BRYAN CAVE LLP | |||||
| PO BOX 503089 | ST LOUIS | MO | 631503089 | LEGAL SERVICES | 312273 |
| CHARITY BRANDS | |||||
| 8687 MELROSE AVE 9TH FLOOR | WEST HOLLYWOOD | CA | 90069 | CONSULTING | 305000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 19 | NumberOfContractorsGT100K |
| All Other Contributions | 30056861 | AllOtherContributions |
| Noncash Contributions | 97950 | NoncashContributions |
| Total Contributions | 30056861 | TotalContributions |
Program Service Revenue ProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | REGISTRATION FEES | Description |
| Business Code | 900099 | BusinessCode |
| Total Revenue Column | 334000 | TotalRevenueColumn |
| Related Or Exempt Function Income | 334000 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 334000 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 61176 | TotalRevenueColumn |
| Exclusion | $61,176 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | OTHER INCOME | Description |
| Business Code | 900099 | BusinessCode |
| Total Revenue Column | 175 | TotalRevenueColumn |
| Exclusion | $175 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 175 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 30452212 | TotalRevenueColumn |
| Related Or Exempt Function Income | 334000 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $61,351 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | X | InfoInScheduleOPartIX |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2072268 | Total |
| Program Services | 284728 | ProgramServices |
| Management And General | 1787540 | ManagementAndGeneral |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5967758 | Total |
| Program Services | 4374377 | ProgramServices |
| Management And General | 979364 | ManagementAndGeneral |
| Fundraising | 614017 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 27109 | Total |
| Program Services | 14824 | ProgramServices |
| Management And General | 9283 | ManagementAndGeneral |
| Fundraising | 3002 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 492308 | Total |
| Program Services | 237394 | ProgramServices |
| Management And General | 213609 | ManagementAndGeneral |
| Fundraising | 41305 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 409800 | Total |
| Program Services | 173570 | ProgramServices |
| Management And General | 207655 | ManagementAndGeneral |
| Fundraising | 28575 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 346139 | Total |
| Program Services | 346139 | ProgramServices |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 45500 | Total |
| Management And General | 45500 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2009739 | Total |
| Program Services | 1863123 | ProgramServices |
| Management And General | 109826 | ManagementAndGeneral |
| Fundraising | 36790 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1083462 | Total |
| Program Services | 712074 | ProgramServices |
| Management And General | 307475 | ManagementAndGeneral |
| Fundraising | 63913 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 182076 | Total |
| Program Services | 94640 | ProgramServices |
| Management And General | 75496 | ManagementAndGeneral |
| Fundraising | 11940 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 184069 | Total |
| Program Services | 77129 | ProgramServices |
| Management And General | 92535 | ManagementAndGeneral |
| Fundraising | 14405 | Fundraising |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 636611 | Total |
| Program Services | 319867 | ProgramServices |
| Management And General | 266427 | ManagementAndGeneral |
| Fundraising | 50317 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 698554 | Total |
| Program Services | 511411 | ProgramServices |
| Management And General | 124835 | ManagementAndGeneral |
| Fundraising | 62308 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 9891 | Total |
| Program Services | 6280 | ProgramServices |
| Management And General | 2653 | ManagementAndGeneral |
| Fundraising | 958 | Fundraising |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 155202 | Total |
| Program Services | 100238 | ProgramServices |
| Management And General | 45565 | ManagementAndGeneral |
| Fundraising | 9399 | Fundraising |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 76886 | Total |
| Program Services | 38282 | ProgramServices |
| Management And General | 32603 | ManagementAndGeneral |
| Fundraising | 6001 | Fundraising |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| SPECIAL EVENT EXPENSES | 967493 | 825764 | 24981 | 116748 |
| STAFF DEVELOPMENT | 273713 | 126086 | 114994 | 32633 |
| BAD DEBT | 100000 | 100000 | ||
| BANK CHARGES | 12759 | 5972 | 5921 | 866 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 76526 | Total |
| Program Services | 14188 | ProgramServices |
| Management And General | 60146 | ManagementAndGeneral |
| Fundraising | 2192 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 15827863 | Total |
| Program Services | 10226086 | ProgramServices |
| Management And General | 4506408 | ManagementAndGeneral |
| Fundraising | 1095369 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 15636296 | BOY |
| EOY | 25539160 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 2105985 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 17410830 | BOY |
| EOY | 6945280 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 13769520 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 176955 | BOY |
| EOY | 375844 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 1048776 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 747470 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 405941 | BOY |
| EOY | 301306 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 147776 | BOY |
| EOY | 131447 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 33777798 | BOY |
| EOY | 49168542 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2388489 | BOY |
| EOY | 2044907 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 997966 | BOY |
| EOY | 2250155 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1840585 | BOY |
| EOY | 1698373 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5227040 | BOY |
| EOY | 5993435 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6215051 | BOY |
| EOY | 13384108 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 22335707 | BOY |
| EOY | 29790999 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 28550758 | BOY |
| EOY | 43175107 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 33777798 | BOY |
| EOY | 49168542 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expenses | 14624349 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 0 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
FS Audited Basis FSAuditedBasis
| Field | Value | IRS element (for citing) |
|---|---|---|
| Financial Statement Separate | X | FinancialStatementSeparate |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | 1 | AuditCommittee |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org170b1 Avi | X | PubliclySupportedOrg170b1Avi |
Gifts Grants Contrib Received170 GiftsGrantsContribReceived170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 20653186 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 6028273 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 17962401 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 30701664 | CurrentTaxYearMinus1Year |
| Current Tax Year | 30056861 | CurrentTaxYear |
| Total | 105402385 | Total |
Total170 Total170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 20653186 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 6028273 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 17962401 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 30701664 | CurrentTaxYearMinus1Year |
| Current Tax Year | 30056861 | CurrentTaxYear |
| Total | 105402385 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amounts Subst Contributors Total | 36158769 | AmountsSubstContributorsTotal |
| Public Support Total170 | 69243616 | PublicSupportTotal170 |
Gross Investment Income170 GrossInvestmentIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 82191 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 10271 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 5526 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 8363 | CurrentTaxYearMinus1Year |
| Current Tax Year | 61176 | CurrentTaxYear |
| Total | 167527 | Total |
Net UBI NetUBI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 8247 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 34795 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 28488 | CurrentTaxYearMinus2Years |
| Total | 71530 | Total |
Other Income170 OtherIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year | 175 | CurrentTaxYear |
| Total | 175 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | 105641617 | TotalSupport |
| Gross Receipts From Admissions Etc | 1796287 | GrossReceiptsFromAdmissionsEtc |
| Public Support Pertcentage170 | 0.65550 | PublicSupportPertcentage170 |
| Public Support Pertcent Prior Year | 0.72140 | PublicSupportPertcentPriorYear |
| Thirty Three Percnt Tests CY170 | X | ThirtyThreePercntTestsCY170 |
| General Explanation | SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: 2012 OTHER INCOME 175 | GeneralExplanation |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 42436 | OtherCostOrOtherBasis |
| Depreciation | 32225 | Depreciation |
| Book Value | 10211 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 625008 | OtherCostOrOtherBasis |
| Depreciation | 435073 | Depreciation |
| Book Value | 189935 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 381332 | OtherCostOrOtherBasis |
| Depreciation | 280172 | Depreciation |
| Book Value | 101160 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 301306 | TotalOfBookValueLandBuildings |
Other Liabilities OtherLiabilities (2 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| PRIZE PURSES | $1,600,000 |
| CAPITAL LEASE | $98,373 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 1698373 | TotalOfAmounts |
| Footnote In Part XIII | X | FootnoteInPartXIII |
| Tot Revenue Etc Audited Fincl Stmt | 30452212 | TotRevenueEtcAuditedFinclStmt |
| Revenue Not Rptd F990 | 0 | RevenueNotRptdF990 |
| Revenue Subtotal | 30452212 | RevenueSubtotal |
| Revenue Not Rptd On Fin Stmt | 0 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 30452212 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 15827863 | TotExpensesEtcAuditedFinclStmt |
| Expenses Not Rptd F990 | 0 | ExpensesNotRptdF990 |
| Expenses Subtotal | 15827863 | ExpensesSubtotal |
| Expenses Not Rptd On Fin Stmt | 0 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 15827863 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIII Form990ScheduleDPartXIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: | Identifier |
| Return Reference | PART X, LINE 2: | ReturnReference |
| Explanation | IN ACCORDANCE WITH FINANCIAL ACCOUNTING STANDARDS BOARD ("FASB") ACCOUNTING STANDARDS CODIFICATION ("ASC") TOPIC 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, 2012, THE OPEN TAX YEARS FOR THE FOUNDATION WERE 2009 TO 2012. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | X | CompensationCommittee |
| Independent Consultant | X | IndependentConsultant |
| Form990 Of Other Organizations | X | Form990OfOtherOrganizations |
| Written Employment Contract | X | WrittenEmploymentContract |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (11 entries)
| TitleTitle | Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| PETER DIAMANDIS | ||||||||||||||
| CHAIRMAN, CEO | 441333 | 0 | 0 | 0 | 0 | 0 | 15960 | 0 | 22566 | 0 | 479859 | 0 | 0 | 0 |
| ROBERT WEISS | ||||||||||||||
| VICE CHAIR, PRESIDENT | 538722 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 15066 | 0 | 553788 | 0 | 0 | 0 |
| DAVID DONELL | ||||||||||||||
| TREASURER, CFO | 260753 | 0 | 0 | 0 | 0 | 0 | 8800 | 0 | 18306 | 0 | 287859 | 0 | 0 | 0 |
| EILEEN BARTHOLOMEW | ||||||||||||||
| VP, PRIZE DEVELOPMENT | 220754 | 0 | 0 | 0 | 0 | 0 | 16800 | 0 | 13495 | 0 | 251049 | 0 | 0 | 0 |
| TRICIA HALAMANDARIS | ||||||||||||||
| SVP, MARKETING | 229827 | 0 | 0 | 0 | 0 | 0 | 17000 | 0 | 7669 | 0 | 254496 | 0 | 0 | 0 |
| ROBERT HOLLANDER | ||||||||||||||
| VP, BRAND AND CONTENT | 217821 | 0 | 0 | 0 | 0 | 0 | 5500 | 0 | 22943 | 0 | 246264 | 0 | 0 | 0 |
| CHRISTINA CAVALLI | ||||||||||||||
| DIRECTOR OF HR | 163520 | 0 | 0 | 0 | 0 | 0 | 8565 | 0 | 10820 | 0 | 182905 | 0 | 0 | 0 |
| JENNIE DWYER | ||||||||||||||
| SPONSORSHIP SERVICES | 143529 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 13404 | 0 | 156933 | 0 | 0 | 0 |
| CHRISTOPHER FRANGIONE | ||||||||||||||
| PRIZE DEVELOPMENT | 176767 | 0 | 0 | 0 | 0 | 0 | 16800 | 0 | 353 | 0 | 193920 | 0 | 0 | 0 |
| MEGHAN MURPHY | ||||||||||||||
| FUNDRAISING | 153346 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5705 | 0 | 159051 | 0 | 0 | 0 |
| LAURA SEGURA | ||||||||||||||
| FUNDRAISING | 149250 | 0 | 0 | 0 | 0 | 0 | 3919 | 0 | 10875 | 0 | 164044 | 0 | 0 | 0 |
Schedule L IRS990ScheduleL
Form990 Schedule L Part IV Form990ScheduleLPartIV
Name Of Interested Person NameOfInterestedPerson
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | MEGHAN MURPHY | NamePerson |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship | DAUGHTER OF A TRUSTEE OF ORGANIZATION | Relationship |
| Amount Of Transaction | 159051 | AmountOfTransaction |
| Description Of Transaction | DAUGHTER EMPLOYED | DescriptionOfTransaction |
| Sharing Of Revenues | 0 | SharingOfRevenues |
Schedule M IRS990ScheduleM
Food Inventory FoodInventory
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 3 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 6000 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenues |
Other Non Cash Contributions Table OtherNonCashContributionsTable (4 entries)
| Non Cash CheckboxNonCashCheckbox | DescriptionDescription | Number Of ContributionsNumberOfContributions | Noncash Contribs Rptd F990NoncashContribsRptdF990 | Method Of Determining RevenuesMethodOfDeterminingRevenues |
|---|---|---|---|---|
| X | ELECTRONICS | 4 | 62250 | FMV |
| X | SUPPLIES | 1 | 4500 | FMV |
| X | GIFT CARDS | 1 | 15000 | FMV |
| X | GIFT BAGS | 1 | 10200 | FMV |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | 0 | ReviewProcessUnusualNCGifts |
| Third Parties Used | 0 | ThirdPartiesUsed |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (8 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| ORGANIZATION MISSION STATEMENT | FORM 990, PART III, LINE 1 | 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 A, LINE 4 | DURING THE CALENDAR YEAR 2012, THE ORGANIZATION AMENDED THEIR BYLAWS. THE AMENDMENT REFLECTED THE RE-ORGANIZATION OF THE BOARD INTO 10 DIRECTORS (VOTING MEMBERS) AND THE REMAINING BECOMING TRUSTEES. | |
| FORM 990, PART VI, SECTION B, LINE 11 | 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 FINDING 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. | |
| OTHER FEES | FORM 990, PART IX, LINE 11G | OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 1,863,123. MANAGEMENT AND GENERAL EXPENSES 109,826. FUNDRAISING EXPENSES 36,790. TOTAL EXPENSES 2,009,739. |
Schedule R IRS990ScheduleR
Form990 Schedule R Part I Form990ScheduleRPartI (2 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivitiesPrimaryActivities | Legal Domicile StateLegalDomicileState | Total IncomeTotalIncome | EOY AssetsEOYAssets | Business Name Line1DirectControllingEntityName/BusinessNameLine1 |
|---|---|---|---|---|---|---|---|---|---|
| GLXP LLC | |||||||||
| 5510 LINCOLN BLVD SUITE 100 | PLAYA VISTA | CA | 90094 | 521876879 | SPECIAL EVENTS | DE | 0 | 0 | X PRIZE FOUNDATION |
| PIAXP LLC | |||||||||
| 5510 LINCOLN BLVD SUITE 100 | PLAYA VISTA | CA | 90094 | 262201181 | SPECIAL EVENTS | DE | 0 | 0 | X PRIZE FOUNDATION |
Form990 Schedule R Part II Form990ScheduleRPartII
Name Of Disregarded Entity NameOfDisregardedEntity
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | X PRIZE FOUNDATION INDIA | BusinessNameLine1 |
Address Foreign AddressForeign
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | JEEVAN BHARATI 10TH FLOOR TOWER-I | AddressLine1 |
| City | CONNAUGHT PLACE | City |
| Province Or State | DELHI | ProvinceOrState |
| Country | IN | Country |
| Postal Code | 110001 | PostalCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Primary Activities | PUBLIC CHARITY | PrimaryActivities |
| Legal Domicile Foreign Country | IN | LegalDomicileForeignCountry |
| Exempt Code Section | N/A | ExemptCodeSection |
| Public Charity Status | N/A | PublicCharityStatus |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | X PRIZE FOUNDATION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Controlled Org | 1 | ControlledOrg |
Form990 Schedule R Part IV Form990ScheduleRPartIV
Name Of Related Org NameOfRelatedOrg
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FIX CHALLENGES INC | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5510 LINCOLN BLVD SUITE 100 | AddressLine1 |
| City | PLAYA VISTA | City |
| State | CA | State |
| ZIP Code | 90094 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 521876879 | EIN |
| Primary Activity | FUNDING PRIZES | PrimaryActivity |
| Legal Domicile State | CA | LegalDomicileState |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | X PRIZE FOUNDATION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Entity | C | TypeOfEntity |
| Percentage Ownership | 0.60000 | PercentageOwnership |
| Controlled Org | 1 | ControlledOrg |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | 0 | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | 0 | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | 0 | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | 0 | LoansOrGuaranteesFromOtherOrg |
| Dividends Related Organization | 0 | DividendsRelatedOrganization |
| Sale Of Assets To Other Org | 0 | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | 0 | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | 0 | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | 0 | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | 0 | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | 0 | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | 0 | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | 0 | SharingOfFacilities |
| Sharing Of Paid Employees | 0 | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | 0 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 0 | OtherTransferFromOtherOrg |
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