Wolfram Foundation
- Assets
- $652.7k
- Revenue
- $22.1k
- Investments
- $0.0
- Employees
- 2
- Location
- Champaign, IL
- Founding
- 05/2013
- Data as of
- 12/2023
- EIN
- 45-3729064
Organization Overview
Wolfram Foundation is located in Champaign, IL. The organization was established in 2013. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2023, Wolfram Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wolfram Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Wolfram Foundation generated $22.1k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 20.4% each year . All expenses for the organization totaled $227.9k during the year ending 12/2023. While expenses have increased by 15.4% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO HELP FACILITATE THE DEVELOPMENT OF SCIENTIFIC DATA AND KNOWLEDGE FOR FUTURE GENERATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE WOLFRAM INSTITUTE, STARTED IN 2022, IS DEDICATED TO THE ACCELERATION OF SCIENTIFIC PROGRESS THROUGH THE USE OF COMPUTATION. THE INSTITUTE CONTINUED RESEARCH ON HYPERGRAPH REWRITING AND THE CATEGORICAL STUDY OF COMPLEXITY TRADEOFFS INVOLVED IN REWRITE SYSTEM EMULATIONS, AND INITIATED NEW RESEARCH IN THE AREAS OF OBSERVER THEORY AND INFRAGEOMETRY. MORE THAN 50 "OPEN SCIENCE" PUBLIC LIVESTREAMS OFFERED VIEWERS AN OPPORTUNITY TO OBSERVE INSTITUTE PERSONNEL CONDUCT RESEARCH IN REAL TIME. THE INSTITUTE ALSO ENGAGED WITH UNIVERSITY STUDENTS ON COMPUTATIONAL PROJECTS OF MUTUAL INTEREST
IN 2023, THE FOUNDATION ACCOMPLISHED THE EXPANSION OF ITS EDUCATION AND RESEARCH PROGRAMS TO PROVIDE RESEARCH AND EDUCATIONAL OPPORTUNITIES TO STUDENTS FROM DIVERSE EDUCATIONAL BACKGROUNDS WORLDWIDE. THE WORK OF THE FOUNDATION ALSO RESULTED IN THE PRODUCTION OF SIGNIFICANT VOLUMES OF SCIENTIFIC ARTICLES, TECHNICAL DOCUMENTS, RESEARCH BLOGS, VIDEO WORK LOGS, LIVESTREAMS, SUMMER SCHOOLS, WINTER SCHOOLS AND YEAR-ROUND ONLINE EDUCATIONAL AND RESEARCH-ORIENTED OPPORTUNITIES FOR STUDENTS OF ALL AGES. THESE OPEN SCIENCE ACTIVITIES ARE A CORE PART OF THE FOUNDATION'S PHILOSOPHY, AND ARE EXPECTED TO CONTINUE INTO 2024 AND BEYOND.
THE WOLFRAM PHYSICS PROJECT (WPP) IS AN INTERNATIONAL BASIC RESEARCH COLLABORATION, BASED UPON AN "OPEN SCIENCE" PHILOSOPHY, WITH OPEN ACCESS TO ALL SCIENTIFIC PUBLICATIONS, SOFTWARE TOOLS, WORKING SESSIONS AND DATABASES. THE WPP SUPPORTS RESEARCH POSITIONS WORLDWIDE, AND WORKS CLOSELY WITH UNIVERSITY DEPARTMENTS AND MAJOR INTERNATIONAL RESEARCH CENTERS TO PROVIDE SUPPORT AND SUPERVISION FOR BASIC RESEARCH AT ALL LEVELS. WPP ALSO ORGANIZES A VARIETY OF EVENTS AND EDUCATIONAL OPPORTUNITIES FOR STUDENTS AND RESEARCHERS AROUND THE WORLD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen Wolfram President & Treasurer | OfficerTrustee | 0 | $0 |
Rebecca Porth Vice President | OfficerTrustee | 0 | $0 |
Catherine Boucher Vice President | OfficerTrustee | 0 | $0 |
Andrea Gerlach Director | Trustee | 0 | $0 |
Alexander Wolfram Director | Trustee | 0 | $0 |
Andre Kuzniarek Vice President | Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $22,146 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $22,146 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $22,146 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $44,423 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,963 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $267 |
| Advertising and promotion | $0 |
| Office expenses | $602 |
| Information technology | $176 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,768 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,251 |
| All other expenses | $169,458 |
| Total functional expenses | $227,908 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $651,074 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,591 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $652,665 |
| Accounts payable and accrued expenses | $3,634 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,634 |
| Net assets without donor restrictions | $91,998 |
| Net assets with donor restrictions | $557,033 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $652,665 |