Distributing charitable funds to and making impactful investments that further human prospering and well-being, primarily (but not exclusively) focusing on scientific research efforts and early-stage technologies

501(c)(3) charity; gifts are tax-deductible.
94¢ of each $1 spent went to programs.
Run by 10 volunteers.
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
Spent on programs
94%
of spending
Looks good: 94% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
3 mo
of spending, in cash
Looks good: 3.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
12
named funders · $6.9M
Looks good: 12 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$121
<0.01% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$8.7M
Spent
$827K
To programs
94%
Net assets
$7.9M

From the FY2024 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 2023.

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% · $776K Management & general 6% · $49K Fundraising 0% · $1K

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.

Part VII, Section A · reportable compensation
Board Chair,treasurer&cfo
$0Pt VII · Sec A
CEO and Trustee
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
See Neta Foundation INC 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Funds scientific research and early-stage technologies to improve human well-being.

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Provided by the organization

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2 programs · $776K · in their own filed words · FY2024
01

Distributing charitable funds that further human prospering and well-being

$665Kprogram expense
02

Making impactful investments that further human prospering and well-being, primarily (but not exclusively) focusing on scientific research efforts and early-stage technologies. Neta has coined the term "grantvestments" (TM) for its unique vehicle to deploy philanthropic capital in the form of debt, equity, recoverable grants, or royalty…

$112Kprogram 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 · FY2024
See all 12 funders →
Grants paid · 10 grants · $638K · 2024–2024

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$8.7M
Ln 12
Gifts and grantsLn 1h$8.5M
Investment incomeLn 3$149K
Other incomeLn 4–11$6K
Money outPt IX
$827K
Ln 25
Programscol B$776K
Managementcol C$49K
Fundraisingcol D$1K
Owns and owesPt X
$7.9M
net assets · Ln 32
Cash and savingsLn 1–2$209K
Total assetsLn 16$7.9M
LiabilitiesLn 26$121
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$8.5M
Noncash giftsLn 1g$166K
Investment incomeLn 3$149K
Other incomeLn 4–11$6K
Gains on assetsLn 7$112K
Total revenueLn 12$8.7M
Assets in detailPt X, end of year
CashLn 1$21K
SavingsLn 2$188K
Cash and savings togetherLn 1–2$209K
InvestmentsLn 11–13$7.4M
Land, buildings, equipmentLn 10c$261K
Total assetsLn 16$7.9M
LiabilitiesLn 26$121
Net assetsLn 32$7.9M
OperationsPt I, VI
EmployeesI 50
VolunteersI 610
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$37K$209K
InvestmentsLn 11–13$0$7.4M
Land, buildings, equipmentLn 10c$0$261K
Total assetsLn 16$37K$7.9M
LiabilitiesLn 26$17K$121
Net assetsLn 32$20K$7.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$647K$647K
Grants and assistance to foreign recipientsLn 3$105K$105K
Legal feesLn 11b$10K$4K$5K$1K
Accounting feesLn 11c$25K$25K
Investment management feesLn 11f$4K$4K
Other fees for servicesLn 11g$12K$12K
Office expensesLn 13$181$28$153
Information technologyLn 14$282$56$226
OccupancyLn 16$166$33$133
Depreciation, depletion and amortizationLn 22$21K$4K$17K
Other expenses (24a–d)Ln 24$2K$367$1K$94
Total functional expensesLn 25$827K$776K$49K$1K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $8.7M$827K$7.9M$7.9M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support F · Foreign M · Noncash O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $8,694,646 revenue, 12 lines filed
I-8 Contributions and grants$8,539,620
I-9 Program service revenue$0
I-10 Investment income$148,790
I-11 Other revenue$6,236
I-12 Total revenue$8,694,646
I-13 Grants and similar amounts paid$751,936
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expenses$74,696
I-18 Total expenses$826,632
I-19 Revenue less expenses$7,868,014
Part VI · Governance 6 of 6 board members independent, 2 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-2 Family or business relationship among officers or directorsYes
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $8,694,646 across 7 lines filed
VIII-1f All other contributions, gifts and grants$8,539,620
VIII-1g Noncash contributions (included above)$166,361
VIII-1h Total contributions, gifts and grants$8,539,620
VIII-3 Investment incomeExcluded from tax $37,212$37,212
VIII-7 Net gain or loss on sales of assetsExcluded from tax $111,578$111,578
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $6,236$6,236
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $155,026$8,694,646
Part IX · Statement of functional expenses $826,632 across 11 lines filed
IX-1 Grants to domestic organizationsPrograms $646,936$646,936
IX-3 Grants and assistance to foreign recipientsPrograms $105,000$105,000
IX-11b Legal feesPrograms $3,787 · Management $5,402 · Fundraising $1,116$10,305
IX-11c Accounting feesManagement $25,258$25,258
IX-11f Investment management feesPrograms $3,587$3,587
IX-11g Other fees for servicesPrograms $12,112$12,112
IX-13 Office expensesPrograms $28 · Management $153$181
IX-14 Information technologyPrograms $56 · Management $226$282
IX-16 OccupancyPrograms $33 · Management $133$166
IX-22 Depreciation, depletion and amortizationPrograms $4,212 · Management $16,846$21,058
IX-24 Other expenses (24a–d)Programs $367 · Management $1,286 · Fundraising $94$1,747
IX-25 Total functional expensesPrograms $776,118 · Management $49,304 · Fundraising $1,210$826,632
Part X · Balance sheet $7,907,479 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $37,000$21,055
X-2 Savings and temporary cash investmentsStart of year $0$187,832
X-10c Land, buildings and equipment, netStart of year $0$260,917
X-11 Publicly traded securitiesStart of year $0$5,952,003
X-13 Program-related investmentsStart of year $0$1,485,672
X-16 Total assetsStart of year $37,000$7,907,479
X-17 Accounts payable and accrued expensesStart of year $16,839$121
X-26 Total liabilitiesStart of year $16,839$121
X-27 Net assets without donor restrictionsStart of year $20,161$7,904,358
X-28 Net assets with donor restrictionsStart of year $0$3,000
X-32 Total net assets or fund balancesStart of year $20,161$7,907,358
X-33 Total liabilities and net assetsStart of year $37,000$7,907,479
Part XI · Reconciliation of net assets $7,907,358 net assets at year end
XI-1 Total revenue$8,694,646
XI-2 Total expenses$826,632
XI-3 Revenue less expenses$7,868,014
XI-4 Net assets at start of year$20,161
XI-5 Net unrealized gains (losses) on investments$19,183
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$7,907,358

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

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