Prpl Foundation INC EIN 47-1110074 Form 990 (PDF) Claim this org

Prpl Foundation INC FY2022 filing

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Drives open-source innovation in embedded security, virtualization, and software portability for diverse devices. For fiscal year 2022 it reported $1.1M in revenue, $893K in expenses, and $236K in net assets.Pt I

Type
Business league / trade association · Science & Technology
Location
Wakefield, MA
Website
prplfoundation.org
Filings
5 on file (2020–2022)
Revenue
$1.1MFY2022
Expenses
$893K
Net assets
$236K
People
14
Filings
5
Updates
0
More identity details & actions ⌄
EIN  47-1110074 Business league / trade association Wakefield, MA
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →
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Figures match the IRS filing checked 9/13/26 · see original: IRS
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Size
$1–10M
What they do
Drives open-source innovation in embedded security, virtualization, and software portability for diverse devices.
Leadership
Dr Leonard Dauphinee · President
Money in and out
$1.1M revenue, $893K expenses
Bottom line
+18% operating surplus
Membership & operating revenue · FY2022
Total revenue
$1.1M
Pt VIII · Ln 12
Total expenses
$893K
Pt IX · Ln 25
Net assets
$236K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $194K
Operating surplus
+18%
revenue over expenses
Earned revenue
95%
of revenue from program services & dues

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$1.1M
FY2022▲ +36%
Expenses
$893K
FY2022▼ -10%
Total assets
$2.4M
FY2022▼ -49%
Total liabilities
$2.1M
FY2022▼ -54%
Total revenue
$1.1M
Pt VIII · Ln 12
Total expenses
$893K
Pt IX · Ln 25
Net assets
$236K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$194K
Total assetsPt X · Ln 16$2.4M
Program-expense ratioPt IX · col B
Voting members of governing bodyPt I · Ln 312
Independent voting membersPt I · Ln 412

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CPrpl Foundation INC
EINHdr · item D47-1110074
Principal addressHdr · item CWakefield, MA
WebsiteHdr · item Jprplfoundation.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMA
Exempt statusHdr · item I501(c)(6) · active
NTEE classificationIRS BMFScience & Technology (U03)
Ruling yearIRS BMFNov 2016

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a12
Independent voting membersPt VI · Ln 1b12
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
Platinum Director
$0Pt VII · Sec A
Platinum Director
$0Pt VII · Sec A
Gold Director (from July 2022)
$0Pt VII · Sec A
Gold Director (until May 2023)
$0Pt VII · Sec A
Gold Director (until December 2022)
$0Pt VII · Sec A
Gold Director (from Jan 22-June 22)
$0Pt VII · Sec A
See Prpl Foundation INC executive salaries →

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Mission & Programs · Part III

Where the work happens

1 program service, described in the organization's own filed words · FY2022.
01

The Mission of the Foundation Is to

(a) develop, support and promote an open-source, community-driven consortium with a focus on enabling the security and interoperability of embedded devices for the internet of things (iot) and smart society of the future; and (b) undertake other activities as appropriate to further the purposes and achieve the goals set forth above.

Pt IX · col B

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Statement of Revenue

Part VIII
Program service revenue$1.0M · 95%
Contributions & grants$57K · 5%
Program service revenue95%$1.0M
Contributions & grants5%$57K
Investment income$34
Total revenueLn 12$1.1M

Balance Sheet

Part X · end of year
CashLn 1$820K
Total assetsLn 16$2.4M
Total liabilitiesLn 26$2.1M
Total net assetsLn 32$236K
Months of cash on handcomputed11.0

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $820K · Operating expenses/yr $893K
11.0 months
Where the money goes
Program services
Program services — · Total expenses $893K
Management & General
Management & general — · Total expenses $893K
Fundraising
Fundraising — · Total expenses $893K
Cost to raise $1
Fundraising expense — · Solicited contributions —
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $57K · Total revenue $1.1M
5%
Government reliance
Government grants — · Total revenue $1.1M
Earned-income share
Program service revenue $1.0M · Total revenue $1.1M
95%
Investment reliance
Investment income $34 · Total revenue $1.1M
<0.01%
Program self-sufficiency
Program service revenue $1.0M · Total expenses $893K
115%
Growth & trend
Revenue growth (YoY)
This year $1.1M · Prior year $802K
+36%
Net-asset trend (YoY)
End of year $236K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.1M · Expenses $893K
+18%
Liabilities-to-Assets
Total liabilities — · Total assets $2.4M
Net-asset ratio
Net assets $236K · Total assets $2.4M
10%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $2.4M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Dr Leonard Dauphinee · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $893K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $893K
Peer comparison

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

MetricThis orgPeer medianPercentile
Fundraising cost ratio 0%
Revenue growth 36%
Legal fee ratio <0.01%
Accounting fee ratio 4%

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.

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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)$1.8M revenue · ⤓ 990 PDF
FY2023$1.2M revenue · ⤓ 990 PDF
FY2022$1.1M revenue · viewing · ⤓ 990 PDF
FY2021$802K revenue · ⤓ 990 PDF
FY2020$1.3M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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