Opencovidscreen Foundation FY2020 filing

Tax-deductible

Menlo Park, CA501(c)(3)EIN 85-1218425Revenue $5.2M in FY2020

On file with the IRSopencovidscreen.orgCo 2120 Avy Ave 7095, 94026-0000 · Menlo Park, CATax-exempt since Aug 2020Publicly supported charity — 170(b)(1)(A)(vi)

Tell your story. Claim this org

Scalable efficiency innovation in covid-19 detection screening

501(c)(3) charity; gifts are tax-deductible.
96¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · 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
3 of 5
filings with a surplus
Average surplus $149K a year · 14% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
96%
of spending
Looks good: 96% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 2.5 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $500K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$92K
10% of total assets
Looks good: liabilities are 10% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 2 voting members
Concern: none of 2 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$5.2M
Spent
$4.4M
To programs
96%
Net assets
$828K
By yearFY2020–FY2024
Revenue
$5.2M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$5.2M
FY2021$0
FY2022$0
FY2023$17K
FY2024$34K
Expenses
$4.4M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$4.4M
FY2021$103K
FY2022$17K
FY2023$9K
FY2024$3K
Net assets
$828K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$828K
FY2021$725K
FY2022$708K
FY2023$721K
FY2024$747K

From the FY2020 Form 990 · see the original

Give Claim
You’re viewing the FY2020 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 Aug 2020.

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

Where the money goes

96 cents of each dollar spent went to programs.

Program services 96% · $4.2M Management & general 4% · $169K

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

Something off? Claim to fix it

Who runs it and what they're paid

2 people listed on the 990.

Part VII, Section A · reportable compensation
President & Director
$0Pt VII · Sec A
Director, Secretary, & Treasurer
$0Pt VII · Sec A
See Opencovidscreen Foundation executive salaries →

On this list? Claim this org

Something off? Claim to fix it

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 15aNo

Programs and updates

Develops and deploys efficient, scalable COVID-19 detection and screening solutions.

Questions for Opencovidscreen Foundation

Tap to ask. Opencovidscreen Foundation sees how many people are interested.

Your first name shows with your question. Opencovidscreen Foundation answers here, for everyone.

Provided by the organization

Know this org? Add your story

1 program · $4.2M · in their own filed words · FY2020
01

Held a competition where competitors created "open science" solutions for test-enabled safe RETURN-TO-WORK/SCHOOL.

$4.2Mprogram 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 · FY2020
Total grants receivedfrom 1 funder$500K
Grants paid · 1 grant · $4.2M · 2020–2020
X Prize Foundation INCCA · FY2020$4,250,000

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$5.2M
Ln 12
Gifts and grantsLn 1h$5.2M
Money outPt IX
$4.4M
Ln 25
Programscol B$4.2M
Managementcol C$169K
Owns and owesPt X
$828K
net assets · Ln 32
Cash and savingsLn 1–2$907K
Total assetsLn 16$920K
LiabilitiesLn 26$92K
PeoplePt VI, VII
2
listed · VII A
PaidVII A0
Voting boardVI 1a2
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$5.2M
Total revenueLn 12$5.2M
Assets in detailPt X, end of year
CashLn 1$907K
Cash and savings togetherLn 1–2$907K
Other assetsLn 15$10K
Total assetsLn 16$920K
LiabilitiesLn 26$92K
Net assetsLn 32$828K
OperationsPt I, VI
EmployeesI 50
VolunteersI 63
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$0$907K
Total assetsLn 16$0$920K
LiabilitiesLn 26$0$92K
Net assetsLn 32$0$828K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$4.2M$4.2M
Legal feesLn 11b$16K$16K
Accounting feesLn 11c$2K$2K
Other fees for servicesLn 11g$115K$115K
InsuranceLn 23$1K$1K
Other expenses (24a–d)Ln 24$34K$34K
Total functional expensesLn 25$4.4M$4.2M$169K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $34K$3K$31K$747K 990 PDF
FY2023 $17K$9K$8K$721K 990 PDF
FY2022 $0$17K−$17K$708K 990 PDF
FY2021 $0$103K−$103K$725K 990 PDF
FY2020 Viewing $5.2M$4.4M$828K$828K 990 PDF

More to add? Claim this org

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 FY2020 990 (6 parts)
Part I · Summary $5,246,935 revenue, 12 lines filed
I-8 Contributions and grants$5,246,935
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenue$5,246,935
I-13 Grants and similar amounts paid$4,250,000
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expenses$168,895
I-18 Total expenses$4,418,895
I-19 Revenue less expenses$828,040
Part VI · Governance 0 of 2 board members independent, 5 to look at
VI-1a Voting members of the governing body2
VI-1b Independent voting members0
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
Part VIII · Statement of revenue $5,246,935 across 3 lines filed
VIII-1f All other contributions, gifts and grants$5,246,935
VIII-1h Total contributions, gifts and grants$5,246,935
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$5,246,935
Part IX · Statement of functional expenses $4,418,895 across 6 lines filed
IX-1 Grants to domestic organizationsPrograms $4,250,000$4,250,000
IX-11b Legal feesManagement $16,153$16,153
IX-11c Accounting feesManagement $2,125$2,125
IX-11g Other fees for servicesManagement $114,892$114,892
IX-23 InsuranceManagement $1,364$1,364
IX-24 Other expenses (24a–d)Management $34,361$34,361
IX-25 Total functional expensesPrograms $4,250,000 · Management $168,895 · Fundraising $0$4,418,895
Part X · Balance sheet $919,763 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $0$906,795
X-4 Accounts receivableStart of year $0$3,000
X-15 Other assetsStart of year $0$9,968
X-16 Total assetsStart of year $0$919,763
X-17 Accounts payable and accrued expensesStart of year $0$91,723
X-26 Total liabilitiesStart of year $0$91,723
X-32 Total net assets or fund balancesStart of year $0$828,040
X-33 Total liabilities and net assetsStart of year $0$919,763
Part XI · Reconciliation of net assets $828,040 net assets at year end
XI-1 Total revenue$5,246,935
XI-2 Total expenses$4,418,895
XI-3 Revenue less expenses$828,040
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$828,040

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.