Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 2018.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
86 cents of each dollar spent went to programs.
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
6 people listed on the 990; $329K paid to officers and key staff.
William Zeng’s $210K as President is at the 65th percentile of top reported officer pay among 363 $1–10M science & technology 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 · 2 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| William Zeng | $209,583 | $161,423 | $54,000 | $56,527 | $60,751 |
| Nathan Shammah | $127,501 | $167,157 | $162,502 | — | — |
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 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aNo
Programs and updates
Develops quantum technology to benefit everyone.
Questions for Unitary Fund
Your first name shows with your question. Unitary Fund answers here, for everyone.
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Unitary fund developed mitiq, an open source quantum toolkit to mitigate errors on current noisy quantum computers. Mitiq is the first toolkit of its kind and has been cited numerous times in academic research papers.
Unitary fund developed metriq, a free community platform to benchmark current quantum computers, and to share the latest research achievements in the field.
Unitary fund awarded microgrants to individuals & organizations consisting of approximately 20 TEAMS/INDIVIDUALS per year. The grant applications are reviewed by an outside advisory board consisting of 15 volunteers.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2023 990, line by line.
Download 990
| Line | Start FY23 | End FY23 |
|---|---|---|
| Cash and savingsLn 1–2 | $530K | $496K |
| Total assetsLn 16 | $536K | $666K |
| LiabilitiesLn 26 | $189K | $207K |
| Net assetsLn 32 | $347K | $459K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $4K | $4K | ||
| Grants to domestic individualsLn 2 | $41K | $41K | ||
| Grants and assistance to foreign recipientsLn 3 | $45K | $45K | ||
| Pay of current officers, directors and key staffLn 5 | $329K | $279K | $33K | $16K |
| Other salaries and wagesLn 7 | $458K | $389K | $46K | $23K |
| Other employee benefitsLn 9 | $25K | $21K | $2K | $1K |
| Payroll taxesLn 10 | $49K | $42K | $5K | $2K |
| Legal feesLn 11b | $285 | $242 | $29 | $14 |
| Accounting feesLn 11c | $26K | $22K | $3K | $1K |
| Other fees for servicesLn 11g | $202K | $172K | $20K | $10K |
| Advertising and promotionLn 12 | $41K | $35K | $4K | $2K |
| Office expensesLn 13 | $660 | $561 | $66 | $33 |
| Information technologyLn 14 | $15K | $13K | $1K | $742 |
| OccupancyLn 16 | $2K | $2K | $180 | $90 |
| TravelLn 17 | $75K | $64K | $8K | $4K |
| Conferences, conventions and meetingsLn 19 | $45K | $39K | $5K | $2K |
| InsuranceLn 23 | $6K | $5K | $628 | $314 |
| Other expenses (24a–d)Ln 24 | $4K | $4K | $434 | $217 |
| All other expensesLn 24e | $15K | $13K | $2K | $767 |
| Total functional expensesLn 25 | $1.4M | $1.2M | $129K | $65K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest | $2.0M | $1.8M | $170K | $629K | 990 PDF |
| FY2023 Viewing | $1.5M | $1.4M | $112K | $459K | 990 PDF |
| FY2022 | $835K | $904K | −$68K | $347K | 990 PDF |
| FY2021 | $1.0M | $723K | $282K | $415K | 990 PDF |
| FY2020 | $519K | $427K | $92K | $133K | 990 PDF |
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Schedules filed Part IV
See the full FY2023 990 (6 parts)
Part I · Summary $1,496,005 revenue, 12 lines filed
Part VI · Governance 6 of 6 board members independent, 1 to look at
Part VIII · Statement of revenue $1,496,005 across 5 lines filed
Part IX · Statement of functional expenses $1,383,885 across 19 lines filed
Part X · Balance sheet $665,810 assets, 11 lines filed
Part XI · Reconciliation of net assets $459,047 net assets at year end
Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File
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