50 Breakthroughs Foundation FY2023 filing

Tax-deductible

Oakland, CA501(c)(3)InternationalEIN 82-2180399Revenue $593K in FY2023

On file with the IRS50breakthroughs.org812 Creed Rd, 94610-1827 · Oakland, CATax-exempt since Apr 2018Publicly supported charity — 170(b)(1)(A)(vi)

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Discover, design, develop, and deliver scientific and technological products and services to address issues facing the poor and under-served internationally and within the united states.

501(c)(3) charity; gifts are tax-deductible.
94¢ of each $1 spent went to programs.
$710K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · 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
2 of 5
filings with a surplus
Average surplus $1.1M a year · 30% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
94%
of spending
Looks good: 94% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$710K
to officers and key staff · 20% of spending
Fine: pay to officers and key staff is 20% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
12 mo
of spending, in cash
Looks good: 11.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $250K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1.7M
17% of total assets
Looks good: liabilities are 17% of assets; 50% or less.
Pt X · Ln 26
Independent board members
2
of 4 voting members
Fine: 2 of 4 voting members are independent, half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$593K
+389% vs prior year
Spent
$3.5M
To programs
94%
Net assets
$8.0M
By yearFY2020–FY2024
Revenue
$593K
FY2023▲ +389%
Tap a bar for its year
Revenue by fiscal year
FY2020$3.5M
FY2021$12.8M
FY2022$121K
FY2023$593K
FY2024$721K
Expenses
$3.5M
FY2023▲ +29%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.2M
FY2021$1.8M
FY2022$2.7M
FY2023$3.5M
FY2024$3.1M
Net assets
$8.0M
FY2023▼ -27%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.4M
FY2021$13.3M
FY2022$10.9M
FY2023$8.0M
FY2024$5.6M

From the FY2023 Form 990 · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 2018.

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

Where the money goes

94 cents of each dollar spent went to programs.

Program services 94% · $3.3M Management & general 6% · $217K

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

7 people listed on the 990; $710K paid to officers and key staff.

Part VII, Section A · reportable compensation
Chief Executive Officer
$205,888Pt VII · Sec A
Chief Strategist - Until 05/23
$195,731Pt VII · Sec A
Secretary & Dir. Fin. & Ops.
$122,371Pt VII · Sec A
Chief Scientist
$119,265Pt VII · Sec A
Interim Chief Operating Officer
$66,400Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Noha El-Ghobashy’s $206K as Co - CEO - as of 03/2024 is at the 99th percentile of top reported officer pay among 1636 $100K–1M international 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
Noha El-Ghobashy$205,888$205,888$199,447$182,084$145,816
Shashi Buluswar$192,192$195,731——$168,632
Sarah Jane Jackson$156,000————
Ratana Ismail$121,767$122,371$119,110$79,416—
Roger Sathre—$119,265$114,565——
Shashi Buluswar Ceo-Til 0621———$83,635—
Karen Pak Oppenheimer - Interim$82,200————
Karen Pak Oppenheimer—$66,400———

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.

See 50 Breakthroughs Foundation executive salaries →

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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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Creates and provides science and technology solutions for the poor and underserved worldwide.

Provided by the organization

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1 program · $3.3M · in their own filed words · FY2023
01

This corporation will focus on products and services with a potential to improve the lives of the poor and under-served, including those related to improving access to energy, access to sanitation and developing the medical oxygen supply infrastructure in sub-saharan africa.

$3.3Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2023
Total grants receivedfrom 1 funder$250K
Grants paid · 2 grants · $15K · 2021–2023

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$593K
Ln 12
Fees for servicesLn 2g$478K
Other incomeLn 4–11$79K
Investment incomeLn 3$36K
Money outPt IX
$3.5M
Ln 25
Programscol B$3.3M
Managementcol C$217K
Owns and owesPt X
$8.0M
net assets · Ln 32
Cash and savingsLn 1–2$3.4M
Total assetsLn 16$9.6M
LiabilitiesLn 26$1.7M
PeoplePt VI, VII
7
listed · VII A
PaidVII A5
Voting boardVI 1a4
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$478K
Investment incomeLn 3$36K
Other incomeLn 4–11$79K
Total revenueLn 12$593K
Assets in detailPt X, end of year
CashLn 1$3.4M
Cash and savings togetherLn 1–2$3.4M
InvestmentsLn 11–13$150K
Land, buildings, equipmentLn 10c$5.9M
Other assetsLn 15$7K
Total assetsLn 16$9.6M
LiabilitiesLn 26$1.7M
Net assetsLn 32$8.0M
OperationsPt I, VI
EmployeesI 54
VolunteersI 64
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 FY23End FY23
Cash and savingsLn 1–2$6.0M$3.4M
InvestmentsLn 11–13$150K$150K
Land, buildings, equipmentLn 10c$6.0M$5.9M
Total assetsLn 16$12.6M$9.6M
LiabilitiesLn 26$1.7M$1.7M
Net assetsLn 32$10.9M$8.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$10K$10K
Pay of disqualified personsLn 6$459K$450K$9K
Other salaries and wagesLn 7$152K$149K$3K
Pension plan contributionsLn 8$24K$23K$1K
Other employee benefitsLn 9$140K$134K$6K
Legal feesLn 11b$11K$11K
Accounting feesLn 11c$177K$177K
Other fees for servicesLn 11g$1.4M$1.4M$6K
Advertising and promotionLn 12$17K$17K
Office expensesLn 13$141K$141K$188
Information technologyLn 14$25K$25K$10
OccupancyLn 16$33K$33K
TravelLn 17$155K$154K$1K
Depreciation, depletion and amortizationLn 22$389K$389K
InsuranceLn 23$35K$34K$1K
Other expenses (24a–d)Ln 24$303K$302K$710
All other expensesLn 24e−$17K−$17K
Total functional expensesLn 25$3.5M$3.3M$217K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $721K$3.1M−$2.4M$5.6M 990 PDF
FY2023 Viewing $593K$3.5M−$2.9M$8.0M 990 PDF
FY2022 $121K$2.7M−$2.6M$10.9M 990 PDF
FY2021 $12.8M$1.8M$11.0M$13.3M 990 PDF
FY2020 $3.5M$1.2M$2.3M$2.4M 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 FY2023 990 (6 parts)
Part I · Summary $593,356 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $121,232$478,090
I-10 Investment incomePrior year $0$35,968
I-11 Other revenuePrior year $0$79,298
I-12 Total revenuePrior year $121,232$593,356
I-13 Grants and similar amounts paidPrior year $0$9,600
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $851,780$774,781
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,841,351$2,689,068
I-18 Total expensesPrior year $2,693,131$3,473,449
I-19 Revenue less expensesPrior year −$2,571,899−$2,880,093
Part VI · Governance 2 of 4 board members independent, no flags
VI-1a Voting members of the governing body4
VI-1b Independent voting members2
VI-2 Family or business relationship among officers or directorsNo
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 $593,356 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $478,090$478,090
VIII-3 Investment incomeExcluded from tax $35,968$35,968
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $79,298$79,298
VIII-12 Total revenueRelated to mission $478,090 · Unrelated business $0 · Excluded from tax $115,266$593,356
Part IX · Statement of functional expenses $3,473,449 across 17 lines filed
IX-1 Grants to domestic organizationsPrograms $9,600$9,600
IX-6 Pay of disqualified personsPrograms $449,823 · Management $8,903$458,726
IX-7 Other salaries and wagesPrograms $149,347 · Management $2,956$152,303
IX-8 Pension plan contributionsPrograms $22,611 · Management $1,199$23,810
IX-9 Other employee benefitsPrograms $134,431 · Management $5,511$139,942
IX-11b Legal feesManagement $11,430$11,430
IX-11c Accounting feesManagement $177,379$177,379
IX-11g Other fees for servicesPrograms $1,411,768 · Management $6,340$1,418,108
IX-12 Advertising and promotionPrograms $17,420$17,420
IX-13 Office expensesPrograms $141,008 · Management $188$141,196
IX-14 Information technologyPrograms $25,245 · Management $10$25,255
IX-16 OccupancyPrograms $33,225$33,225
IX-17 TravelPrograms $154,093 · Management $1,190$155,283
IX-22 Depreciation, depletion and amortizationPrograms $389,221$389,221
IX-23 InsurancePrograms $33,791 · Management $1,407$35,198
IX-24 Other expenses (24a–d)Programs $301,925 · Management $710$302,635
IX-24e All other expensesPrograms −$17,282−$17,282
IX-25 Total functional expensesPrograms $3,256,226 · Management $217,223 · Fundraising $0$3,473,449
Part X · Balance sheet $9,645,898 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $5,957,092$3,387,703
X-4 Accounts receivable$148,676
X-8 Inventories for sale or use$61,063
X-9 Prepaid expenses and deferred chargesStart of year $6,220$14,470
X-10c Land, buildings and equipment, netStart of year $6,044,963$5,876,804
X-13 Program-related investmentsStart of year $150,000$150,000
X-15 Other assetsStart of year $5,567$7,182
X-16 Total assetsStart of year $12,570,172$9,645,898
X-17 Accounts payable and accrued expensesStart of year $292,902$360,695
X-18 Grants payable$300,000
X-24 Unsecured notes and loans payableStart of year $1,000,000$1,000,000
X-25 Other liabilitiesStart of year $400,805$0
X-26 Total liabilitiesStart of year $1,693,707$1,660,695
X-27 Net assets without donor restrictionsStart of year $7,247,844$7,985,203
X-28 Net assets with donor restrictionsStart of year $3,628,621$0
X-32 Total net assets or fund balancesStart of year $10,876,465$7,985,203
X-33 Total liabilities and net assetsStart of year $12,570,172$9,645,898
Part XI · Reconciliation of net assets $7,985,203 net assets at year end
XI-1 Total revenue$593,356
XI-2 Total expenses$3,473,449
XI-3 Revenue less expenses−$2,880,093
XI-4 Net assets at start of year$10,876,465
XI-8 Prior period adjustments−$11,169
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$7,985,203

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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