X Prize Foundation INC

Tax-deductible

Culver City, CA501(c)(3)Since 1994Public & Societal BenefitEIN 52-1876879Revenue $47.5M in FY2024

On file with the IRSxprize.org10736 Jefferson Blvd Suite 406, 90230-4933 · Culver City, CATax-exempt since Jun 1999Publicly supported charity — 170(b)(1)(A)(vi)

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To bring about radical breakthroughs for the benefits of humanity, thereby inspiring the formation of new industries and the revitalization of markets

501(c)(3) charity; gifts are tax-deductible.
76¢ of each $1 spent went to programs.
Run by 15 volunteers and 101 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $1.5M a year · 5% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
76%
of spending
Looks good: 76% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$4.8M
to officers and key staff · 10% of spending
Top officer’s pay higher than 97% of similar orgs
Looks good: pay to officers and key staff is 10% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
16 mo
of spending, in cash
Looks good: 16.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
11
named funders · $7.7M
Looks good: 11 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$116.0M
79% of total assets
Worth a look: liabilities are 79% of assets; over 65%.
Pt X · Ln 26
Independent board members
17
of 17 voting members
Looks good: 17 of 17 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$47.5M
+51% vs prior year
Spent
$49.1M
To programs
76%
Net assets
$30.4M
By yearFY2020–FY2024
Revenue
$47.5M
FY2024▲ +51%
Tap a bar for its year
Revenue by fiscal year
FY2020$24.2M
FY2021$19.8M
FY2022$18.4M
FY2023$31.4M
FY2024$47.5M
Expenses
$49.1M
FY2024▲ +86%
Tap a bar for its year
Expenses by fiscal year
FY2020$25.6M
FY2021$23.4M
FY2022$24.2M
FY2023$26.5M
FY2024$49.1M
Net assets
$30.4M
FY2024▼ -2%
Tap a bar for its year
Net assets by fiscal year
FY2020$37.1M
FY2021$32.6M
FY2022$24.6M
FY2023$31.0M
FY2024$30.4M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 1999.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

76 cents of each dollar spent went to programs.

Program services 76% · $37.5M Management & general 10% · $4.8M Fundraising 14% · $6.8M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

32 people listed on the 990; $4.8M paid to officers and key staff.

Part VII, Section A · reportable compensation
Chief Executive Officer
$1,017,714Pt VII · Sec A
Chief Advancement Officer
$389,359Pt VII · Sec A
Chief Technology Officer
$370,159Pt VII · Sec A
Chief Impact Officer
$323,946Pt VII · Sec A
Chief People Officer
$314,878Pt VII · Sec A
EVP, Biodiversity and Conservation
$300,158Pt VII · Sec A
General Counsel
$283,709Pt VII · Sec A
EVP, Health
$281,482Pt VII · Sec A

Anousheh Ansari’s $1.0M as Chief Executive Officer is at the 97th percentile of top reported officer pay among 232 $10–100M 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 · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Anousheh Ansari$1,017,714$897,815$913,292$774,327$448,809
Steele Ford$389,359$155,634———
James Mainard$370,159$362,081$351,753——
Jay Kossifos———$332,890—
Andrew Tauhert$323,946$313,760$304,208$223,490—
Jennifer Haslip$189,578$319,275———
Kathryn Mandato$314,878$308,000$173,262——
Amir Banifatemi———$304,674$266,294

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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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Drives radical breakthroughs to benefit humanity, inspiring new industries and revitalizing markets.

Questions for X Prize Foundation INC

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Provided by the organization

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1 program · $37.5M · in their own filed words · FY2024
01

X prize foundation, inc. ("x prize") is a not-for-profit 501(c)(3) delaware corporation fostering and sponsoring competition to create innovative breakthroughs for the benefit of humanity. The foundation conducts competitions in seven prize groups: learning and society, climate and energy, food water waste, health, deep tech and quantum…

$37.5Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 11 funders →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$47.5M
Ln 12
Gifts and grantsLn 1h$41.2M
Investment incomeLn 3$6.3M
Other incomeLn 4–11$500
Money outPt IX
$49.1M
Ln 25
Programscol B$37.5M
Managementcol C$4.8M
Fundraisingcol D$6.8M
Owns and owesPt X
$30.4M
net assets · Ln 32
Cash and savingsLn 1–2$65.4M
Total assetsLn 16$146.5M
LiabilitiesLn 26$116.0M
PeoplePt VI, VII
32
listed · VII A
PaidVII A14
Voting boardVI 1a17
IndependentVI 1b17
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$41.2M
Investment incomeLn 3$6.3M
Other incomeLn 4–11$500
Gains on assetsLn 7−$511K
Total revenueLn 12$47.5M
Assets in detailPt X, end of year
CashLn 1$57.8M
SavingsLn 2$7.7M
Cash and savings togetherLn 1–2$65.4M
InvestmentsLn 11–13$80.0M
Land, buildings, equipmentLn 10c$92K
Other assetsLn 15$10K
Total assetsLn 16$146.5M
LiabilitiesLn 26$116.0M
Net assetsLn 32$30.4M
OperationsPt I, VI
EmployeesI 5101
VolunteersI 615
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$41.6M$65.4M
InvestmentsLn 11–13$108.9M$80.0M
Land, buildings, equipmentLn 10c$116K$92K
Total assetsLn 16$151.6M$146.5M
LiabilitiesLn 26$120.6M$116.0M
Net assetsLn 32$31.0M$30.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$3.7M$2.3M$462K$903K
Other salaries and wagesLn 7$13.3M$8.4M$1.6M$3.3M
Pension plan contributionsLn 8$232K$136K$40K$56K
Other employee benefitsLn 9$1.2M$681K$201K$279K
Payroll taxesLn 10$1.1M$667K$197K$273K
Legal feesLn 11b$327K$193K$106K$28K
Accounting feesLn 11c$113K$66K$37K$10K
Other fees for servicesLn 11g$1.7M$1.1M$306K$241K
Office expensesLn 13$371K$234K$52K$85K
Information technologyLn 14$803K$500K$75K$228K
OccupancyLn 16$241K$163K$23K$55K
TravelLn 17$3.2M$2.4M$299K$437K
Conferences, conventions and meetingsLn 19$85K$54K$12K$20K
Depreciation, depletion and amortizationLn 22$75K$50K$7K$18K
Other expenses (24a–d)Ln 24$22.5M$20.3M$1.3M$817K
All other expensesLn 24e$305K$192K$42K$70K
Total functional expensesLn 25$49.1M$37.5M$4.8M$6.8M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $47.5M$49.1M−$1.6M$30.4M 990 PDF
FY2023 $31.4M$26.5M$4.9M$31.0M 990 PDF
FY2022 $18.4M$24.2M−$5.8M$24.6M 990 PDF
FY2021 $19.8M$23.4M−$3.7M$32.6M 990 PDF
FY2020 $24.2M$25.6M−$1.4M$37.1M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $47,528,889 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $28,438,232$41,198,091
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $2,756,411$6,330,298
I-11 Other revenuePrior year $206,420$500
I-12 Total revenuePrior year $31,401,063$47,528,889
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $16,686,807$19,492,071
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $9,777,331$29,640,269
I-18 Total expensesPrior year $26,464,138$49,132,340
I-19 Revenue less expensesPrior year $4,936,925−$1,603,451
Part VI · Governance 17 of 17 board members independent, 1 to look at
VI-1a Voting members of the governing body17
VI-1b Independent voting members17
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $47,528,889 across 5 lines filed
Lines not itemized here account for $500 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$41,198,091
VIII-1h Total contributions, gifts and grants$41,198,091
VIII-3 Investment incomeExcluded from tax $6,841,533$6,841,533
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$511,235−$511,235
VIII-12 Total revenueRelated to mission $500 · Unrelated business $0 · Excluded from tax $6,330,298$47,528,889
Part IX · Statement of functional expenses $49,132,340 across 16 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $2,310,625 · Management $462,401 · Fundraising $903,429$3,676,455
IX-7 Other salaries and wagesPrograms $8,394,137 · Management $1,621,206 · Fundraising $3,270,267$13,285,610
IX-8 Pension plan contributionsPrograms $135,838 · Management $40,147 · Fundraising $55,709$231,694
IX-9 Other employee benefitsPrograms $680,820 · Management $201,218 · Fundraising $279,216$1,161,254
IX-10 Payroll taxesPrograms $666,635 · Management $197,025 · Fundraising $273,398$1,137,058
IX-11b Legal feesPrograms $192,759 · Management $106,018 · Fundraising $28,173$326,950
IX-11c Accounting feesPrograms $66,498 · Management $36,574 · Fundraising $9,719$112,791
IX-11g Other fees for servicesPrograms $1,137,118 · Management $305,544 · Fundraising $241,179$1,683,841
IX-13 Office expensesPrograms $234,207 · Management $51,721 · Fundraising $85,388$371,316
IX-14 Information technologyPrograms $500,456 · Management $74,970 · Fundraising $227,688$803,114
IX-16 OccupancyPrograms $163,219 · Management $23,031 · Fundraising $55,074$241,324
IX-17 TravelPrograms $2,420,805 · Management $298,976 · Fundraising $436,965$3,156,746
IX-19 Conferences, conventions and meetingsPrograms $53,710 · Management $11,861 · Fundraising $19,582$85,153
IX-22 Depreciation, depletion and amortizationPrograms $49,777 · Management $6,969 · Fundraising $17,920$74,666
IX-24 Other expenses (24a–d)Programs $20,323,694 · Management $1,338,899 · Fundraising $816,962$22,479,555
IX-24e All other expensesPrograms $192,261 · Management $42,457 · Fundraising $70,095$304,813
IX-25 Total functional expensesPrograms $37,522,559 · Management $4,819,017 · Fundraising $6,790,764$49,132,340
Part X · Balance sheet $146,450,974 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $37,911,303$57,752,800
X-2 Savings and temporary cash investmentsStart of year $3,658,819$7,684,494
X-4 Accounts receivableStart of year $626,233$773,108
X-9 Prepaid expenses and deferred chargesStart of year $96,774$149,607
X-10c Land, buildings and equipment, netStart of year $115,931$91,786
X-12 Other securitiesStart of year $108,912,629$79,981,250
X-14 Intangible assetsStart of year $8,389$8,389
X-15 Other assetsStart of year $9,540$9,540
X-16 Total assetsStart of year $151,641,597$146,450,974
X-17 Accounts payable and accrued expensesStart of year $2,096,167$2,407,811
X-19 Deferred revenueStart of year $25,542,301$16,431,839
X-25 Other liabilitiesStart of year $92,995,228$97,162,302
X-26 Total liabilitiesStart of year $120,633,696$116,001,952
X-27 Net assets without donor restrictionsStart of year $16,249,000$17,631,000
X-28 Net assets with donor restrictionsStart of year $14,758,901$12,818,022
X-32 Total net assets or fund balancesStart of year $31,007,901$30,449,022
X-33 Total liabilities and net assetsStart of year $151,641,597$146,450,974
Part XI · Reconciliation of net assets $30,449,022 net assets at year end
XI-1 Total revenue$47,528,889
XI-2 Total expenses$49,132,340
XI-3 Revenue less expenses−$1,603,451
XI-4 Net assets at start of year$31,007,901
XI-5 Net unrealized gains (losses) on investments$1,044,572
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$30,449,022

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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