Extreme Tech Challenge FY2024 filing

Tax-deductible

Palo Alto, CA501(c)(3)Science & TechnologyEIN 84-1753912

The Extreme Tech ChallengeSM (XTC) is a 501(c)(3) nonprofit devoted to elevating the next-generation of entrepreneurs creating new technologies and innovations to benefit humankind. XTC supports and showcases the innovators harnessing the power of technology to address the greatest challenges facing humanity and our planet.

501(c)(3) charity; gifts are tax-deductible.
60¢ of each $1 spent went to programs.
$503K 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

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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average deficit $30K a year · 4% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
60%
of spending
Worth a look: 60% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$503K
to officers and key staff · 46% of spending
Concern: pay to officers and key staff is 46% of spending; over 30%.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Looks good: 3.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $50
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$34K
11% of total assets
Looks good: liabilities are 11% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$769K
-20% vs prior year
Spent
$1.1M
To programs
60%
Net assets
$268K
By yearFY2020–FY2025
Revenue
$769K
FY2024▼ -20%
Revenue by fiscal year
FY2020$717K
FY2021$400K
FY2022$547K
FY2023$956K
FY2024$769K
FY2025$622K
Expenses
$1.1M
FY2024▲ +24%
Expenses by fiscal year
FY2020$128K
FY2021$702K
FY2022$778K
FY2023$874K
FY2024$1.1M
FY2025$620K
Net assets
$268K
FY2024▼ -54%
Net assets by fiscal year
FY2020$1.1M
FY2021$735K
FY2022$504K
FY2023$586K
FY2024$268K
FY2025$270K

From the FY2024 Form 990 · see the original

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You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 2020.

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

Where the money goes

60 cents of each dollar spent went to programs.

Program services 60% · $647K Management & general 16% · $177K Fundraising 24% · $262K

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

Who runs it and what they're paid

7 people listed on the 990; $503K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Managing Director
$397,094Pt VII · Sec A
Strategic Program Manager
$105,826Pt VII · Sec A
Chairman of the Board and President
$0Pt VII · Sec A
Board Member and CFO
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A

Victoria Slivkoff’s $193K as Executive Managing Director is at the 93rd percentile of top reported officer pay among 312 $100K–1M 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

NameFY2025FY2024FY2023FY2022FY2021
Victoria Slivkoff$193,385$397,094$379,375$287,500$309,077
Nancy Yuan—$105,826$132,000——

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 Extreme Tech Challenge 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 15aNo

Programs and updates

Supports and showcases entrepreneurs creating innovative technologies to benefit humanity.

Provided by the organization

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1 program service account for $647K of program spending, described in the organization's own filed words · FY2024.
01

Extreme Tech Challenge Startup Competitions

Startup competitions for entrepreneurs addressing global challenges. The competitions draw from the united nations sustainable development goals and connect innovators with a network of investors, corporations, and mentors to help them raise capital, launch corporate collaborations, and scale their world-changing startups.

$647Kprogram expense

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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 · FY2024
Total grants receivedfrom 1 funder$50
Grants paid · 1 grant · $10K · 2023–2023
Sosv Investments LLCFY2023$10,000

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$769K
Ln 12
Gifts and grantsLn 1h$768K
Other incomeLn 4–11$100
Money outPt IX
$1.1M
Ln 25
Programscol B$647K
Managementcol C$177K
Fundraisingcol D$262K
Owns and owesPt X
$268K
net assets · Ln 32
Cash and savingsLn 1–2$284K
Total assetsLn 16$302K
LiabilitiesLn 26$34K
PeoplePt VI, VII
7
listed · VII A
PaidVII A2
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$768K
Government grantsLn 1e$90K
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Other incomeLn 4–11$100
Total revenueLn 12$769K
Assets in detailPt X, end of year
CashLn 1$284K
Cash and savings togetherLn 1–2$284K
Land, buildings, equipmentLn 10c$965
Total assetsLn 16$302K
LiabilitiesLn 26$34K
Net assetsLn 32$268K
OperationsPt I, VI
EmployeesI 50
VolunteersI 675
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$545K$284K
Land, buildings, equipmentLn 10c$109$965
Total assetsLn 16$610K$302K
LiabilitiesLn 26$24K$34K
Net assetsLn 32$586K$268K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Pay of current officers, directors and key staffLn 5$503K$209K$85K$209K
Other employee benefitsLn 9$9K$7K$434$867
Payroll taxesLn 10$25K$12K$4K$9K
Accounting feesLn 11c$11K$11K
Other fees for servicesLn 11g$227K$126K$62K$38K
Advertising and promotionLn 12$447$447
Office expensesLn 13$2K$1K$544$16
Information technologyLn 14$348$201$147
OccupancyLn 16$480$480
TravelLn 17$74K$72K$18$2K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$4K$4K
Depreciation, depletion and amortizationLn 22$342$342
InsuranceLn 23$4K$4K
Other expenses (24a–d)Ln 24$227K$215K$9K$3K
Total functional expensesLn 25$1.1M$647K$177K$262K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $622K$620K$2K$270K 990 PDF
FY2024 Viewing $769K$1.1M−$318K$268K 990 PDF
FY2023 $956K$874K$82K$586K 990 PDF
FY2022 $547K$778K−$231K$504K 990 PDF
FY2021 $400K$702K−$302K$735K 990 PDF
FY2020 $717K$128K$589K$1.1M 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 (4 parts)
Part VIII · Statement of revenue $768,566 across 10 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$89,980
VIII-1f All other contributions, gifts and grants$678,486
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$768,466
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $100 · Unrelated business $0 · Excluded from tax $0$100
VIII-12 Total revenueRelated to mission $100 · Unrelated business $0 · Excluded from tax $0$768,566
Part IX · Statement of functional expenses $1,086,670 across 17 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-5 Pay of current officers, directors and key staffPrograms $209,080 · Management $84,710 · Fundraising $209,130$502,920
IX-9 Other employee benefitsPrograms $7,373 · Management $434 · Fundraising $867$8,674
IX-10 Payroll taxesPrograms $12,075 · Management $3,803 · Fundraising $9,087$24,965
IX-11c Accounting feesManagement $11,337$11,337
IX-11g Other fees for servicesPrograms $125,999 · Management $62,441 · Fundraising $38,104$226,544
IX-12 Advertising and promotionManagement $447$447
IX-13 Office expensesPrograms $1,255 · Management $544 · Fundraising $16$1,815
IX-14 Information technologyPrograms $201 · Management $147$348
IX-16 OccupancyPrograms $480$480
IX-17 TravelPrograms $71,596 · Management $18 · Fundraising $2,469$74,083
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsPrograms $4,350$4,350
IX-22 Depreciation, depletion and amortizationManagement $342$342
IX-23 InsuranceManagement $3,668$3,668
IX-24 Other expenses (24a–d)Programs $214,769 · Management $9,374 · Fundraising $2,554$226,697
IX-25 Total functional expensesPrograms $647,178 · Management $177,265 · Fundraising $262,227$1,086,670
Part X · Balance sheet $302,284 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $545,261$284,301
X-9 Prepaid expenses and deferred chargesStart of year $64,840$17,018
X-10c Land, buildings and equipment, netStart of year $109$965
X-16 Total assetsStart of year $610,210$302,284
X-17 Accounts payable and accrued expensesStart of year $23,778$33,956
X-26 Total liabilitiesStart of year $23,778$33,956
X-27 Net assets without donor restrictionsStart of year $586,432$268,328
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $586,432$268,328
X-33 Total liabilities and net assetsStart of year $610,210$302,284
Part XI · Reconciliation of net assets $268,328 net assets at year end
XI-1 Total revenue$768,566
XI-2 Total expenses$1,086,670
XI-3 Revenue less expenses−$318,104
XI-4 Net assets at start of year$586,432
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$268,328

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

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