Nonzero Foundation INC EIN 45-4015017 Form 990 (PDF) Claim this org

Nonzero Foundation INC

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Encourages understanding by sharing diverse viewpoints and experiences. For fiscal year 2024 it reported $526K in revenue, $334K in expenses, and $316K in net assets.Pt I

Type
Public charity (501(c)(3)) · Public & Societal Benefit
Location
Princeton, NJ
Website
nonzerofoundation.org
Filings
5 on file (2020–2024)
Revenue
$526KFY2024
Expenses
$334K
Net assets
$316K
People
3
Filings
5
Updates
0
More identity details & actions ⌄
EIN  45-4015017 Public charity (501(c)(3)) Princeton, NJ
Form 990 (PDF)
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Size
$100K–1M
What they do
Encourages understanding by sharing diverse viewpoints and experiences.
Leadership
Robert Wright · President/Treasurer · $69K
Money in and out
$526K revenue, $334K expenses
Bottom line
76% program efficiency
Where the money goes · FY2024
Total revenue
$526K
Pt VIII · Ln 12
Total expenses
$334K
Pt IX · Ln 25
Net assets
$316K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $192K
Where spending went · Part IX cols B–D
Program services $0.76 Management & general $0.20 Fundraising $0.04
Program efficiency
76%
of spending reaches programs▼ -5% vs prior filing year
Operating runway
11.5mo
months of highly liquid reserves at operating expense rate▲ +95% vs prior filing year
Surplus margin
+36%
revenue over expenses, this year▲ +243% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$526K
FY2024▲ +154%
Expenses
$334K
FY2024▲ +29%
Total assets
$321K
FY2024▲ +151%
Total liabilities
$5K
FY2024▲ +51%
Total revenue
$526K
Pt VIII · Ln 12
Total expenses
$334K
Pt IX · Ln 25
Net assets
$316K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$192K
Total assetsPt X · Ln 16$321K
Program-expense ratioPt IX · col B76%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 42

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CNonzero Foundation INC
EINHdr · item D45-4015017
Principal addressHdr · item CPrinceton, NJ
WebsiteHdr · item Jnonzerofoundation.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNJ
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFPublic & Societal Benefit (W012)
Ruling yearIRS BMFAug 2012

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1b2
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President/Treasurer
$69,000Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Robert Wright’s $69K as President/Treasurer is at the 55th percentile of top reported officer pay among 1043 $100K–1M public & societal benefit nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Robert Wright$69,000$69,000$62,654$60,135$39,423

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Mission & Programs · Part III

Where the work happens

1 program service account for $253K of program spending, described in the organization's own filed words · FY2024.
01

The foundation's program services in 2024 consisted of (1) operating the nonzero video and audio podcast channels, which feature dialogues about public policy, culture, international affairs, science, and philosophy; and (2) publishing the nonzero newsletter, which covers those same areas and comes out at least twice per week.

$253Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$381K · 72%
Program service revenue$144K · 27%
Contributions & grants72%$381K
Program service revenue27%$144K
Investment income$63
Other revenue$384
Total revenueLn 12$526K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.76 Management & general $0.20 Fundraising $0.04
Program services76%$253K
Management & general20%$67K
Fundraising4%$14K
Total functional expensesLn 25$334K

Balance Sheet

Part X · end of year
CashLn 1$321K
Total assetsLn 16$321K
Total liabilitiesLn 26$5K
Total net assetsLn 32$316K
Months of cash on handcomputed11.5

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $321K · Operating expenses/yr $334K
11.5 months
Where the money goes
Program services
Program services $253K · Total expenses $334K
76%
Management & General
Management & general $67K · Total expenses $334K
20%
Fundraising
Fundraising $14K · Total expenses $334K
4%
Cost to raise $1
Fundraising expense (3-yr avg) $14K · Solicited contributions (3-yr avg) $151K
$0.09 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $381K · Total revenue $526K
72%
Government reliance
Government grants — · Total revenue $526K
Earned-income share
Program service revenue $144K · Total revenue $526K
27%
Investment reliance
Investment income $63 · Total revenue $526K
+0.01%
Program self-sufficiency
Program service revenue $144K · Total expenses $334K
43%
Growth & trend
Revenue growth (YoY)
This year $526K · Prior year $207K
+154%
Revenue CAGR
FY2020 $167K · FY2024 $526K
+33%
Net-asset trend (YoY)
End of year $316K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $526K · Expenses $334K
+36%
Liabilities-to-Assets
Total liabilities — · Total assets $321K
Net-asset ratio
Net assets $316K · Total assets $321K
98%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $321K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Robert Wright · Reported title PRESIDENT/TREASURER · Highest reported compensation $69K · Total expenses $334K
21%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $191K · Total expenses $334K
57%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 76%
Overhead ratio 20%
Fundraising cost ratio 4%
Revenue growth 154%
Legal fee ratio 0.3%
Accounting fee ratio 1%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 3 funders$325K
See all 3 funders →
Grants paid · 1 grant · $25K · 2024–2024
Civic News CompanyNY · FY2024$25,000

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$526K revenue · viewing · ⤓ 990 PDF
FY2023$207K revenue · ⤓ 990 PDF
FY2022$265K revenue · ⤓ 990 PDF
FY2021$462K revenue · ⤓ 990 PDF
FY2020$167K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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