Breakthrough Prize Foundation
- Assets
- $10.6m
- Revenue
- $48.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 05/2015
- Data as of
- 05/2022
- EIN
- 46-0677985
Organization Overview
Breakthrough Prize Foundation is located in Washington, DC. The organization was established in 2015. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Breakthrough Prize 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 05/2022, Breakthrough Prize Foundation generated $48.3m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 23.9% each year . All expenses for the organization totaled $47.7m during the year ending 05/2022. While expenses have increased by 23.6% per year over the past 4 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.
Since 2020, Breakthrough Prize Foundation has awarded 621 individual grants totaling $68,721,462. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE GENERAL EXPLANATION
SEE GENERAL EXPLANATION
SEE GENERAL EXPLANATION
SEE GENERAL EXPLANATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Simon Peter Worden Chairman, Division Executive Director | 40 | $332,506 | |
Peter D Klupar Chief Engineer | 40 | $294,192 | |
Leonid Solovyev Director Of Ops | 40 | $250,000 | |
Jamie P Drew Chief Of Staff | 40 | $245,923 | |
James D Schalkwyk Program Manager | 40 | $210,077 | |
Matthew A Ooley Creative Director | 40 | $199,654 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
University Of California Berkeley | 5/30/22 | $3,802,083 |
Centaurus A Holdings | 5/30/22 | $522,614 |
Rubenstein Associates | 5/30/22 | $255,670 |
Endless Frontier Associates Llc | 5/30/22 | $250,000 |
Dstg Services Llc | 5/30/22 | $192,754 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $48,294,000 |
| Interest on Savings | $1,693 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2 |
| Total Revenue | $48,295,695 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $369,288 |
| Other employee salaries and wages | $1,544,132 |
| Pension plans, employee benefits | $166,677 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $16,457 |
| Occupancy | $242,112 |
| Travel, conferences, and meetings | $1,467,599 |
| Printing and publications | $23,481 |
| Other expenses | $8,046,245 |
| Total operating and administrative expenses | $14,427,888 |
| Contributions, gifts, grants paid | $33,302,516 |
| Total expenses and disbursements | $47,730,404 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $8,994,163 |
| Net Accounts receivable | $13,067 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,429,681 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $18,018 |
| Other assets | $126,428 |
| Total assets | $10,581,357 |
| Accounts payable and accrued expenses | $2,448,331 |
| Grants payable | $358,647 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,806,978 |
Grants Awarded
Over the last fiscal year, Breakthrough Prize Foundation has awarded $33,302,516 in support to 43 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN RED CROSS PURPOSE: TO SUPPORT HUMANITARIAN RELIEF EFFORTS TO HELP PEOPLE AFFECTED BY THE CRISIS IN UKRAINE | $3,000,000 |
TAKURO MOCHIZUKI PURPOSE: 2022 BREAKTHROUGH PRIZE IN MATHEMATICS | $3,000,000 |
MILKY WAY RESEARCH FOUNDATION PURPOSE: LIFE SCIENCE RESEARCH | $2,923,919 |
MILKY WAY RESEARCH FOUNDATION PURPOSE: LIFE SCIENCE RESEARCH | $2,885,135 |
MILKY WAY RESEARCH FOUNDATION PURPOSE: LIFE SCIENCE RESEARCH | $2,721,470 |
MILKY WAY RESEARCH FOUNDATION PURPOSE: LIFE SCIENCE RESEARCH | $2,179,158 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Breakthrough Prize Foundation has recieved totaling $600,000.
| Awarding Organization | Amount |
|---|---|
E&ss Foundation Inc Atlanta, GA PURPOSE: EDUCATION | $600,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Charles Koch Foundation Arlington, VA | $813,753,220 | $68,721,556 |
Thurgood Marshall College Fund Inc Washington, DC | $121,810,471 | $98,266,975 |
Breakthrough Prize Foundation Washington, DC | $10,581,357 | $48,295,695 |
Virginia Student Aid Foundation Charlottesville, VA | $165,530,915 | $45,876,846 |
Foundation For Advanced Education In The Sciences Inc Bethesda, MD | $54,757,501 | $41,367,941 |
Horatio Alger Association Of Distinguished Americans Inc Alexandria, VA | $58,355,936 | $27,092,429 |
Somerset Community Services Inc Marion Station, MD | $23,511,474 | $20,221,070 |
American Association Of University Women Inc Washington, DC | $138,843,361 | $18,528,803 |
James Madison University Foundation Inc Harrisonburg, VA | $191,139,680 | $18,508,438 |
Indian Paintbrush Foundation Washington, DC | $2,617,521,485 | $1,521,981,843 |
Marine Corps Scholarship Foundation Inc Alexandria, VA | $149,128,193 | $34,285,716 |
Children Of Fallen Patriots Foundation Reston, VA | $18,264,760 | $13,060,746 |