Breakthrough Prize Foundation
- Assets
- $20.8m
- Revenue
- $98.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 05/2015
- Data as of
- 05/2023
- 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 05/2023, Breakthrough Prize Foundation generated $98.7m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 43.0% each year . All expenses for the organization totaled $91.4m during the year ending 05/2023. While expenses have increased by 37.2% 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 672 individual grants totaling $142,568,659. 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
2023
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 |
|---|---|---|---|
Yuri Milner President | 1 | $0 | |
Breck Hancock Director, Treasurer | 1 | $0 | |
James A Hutchinson Director, Secretary | 1 | $0 | |
Simon Peter Worden Chairman, Division Executive Director | 40 | $366,764 | |
Margot Mcginness Division Executive Director | 10 | $129,999 | |
Karl Johansson Director | 2 | $8,333 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
University Of California Berkeley | 5/30/23 | $4,361,035 |
The University Of Sydney | 5/30/23 | $1,000,000 |
Breakthrough Awards Productions Inc | 5/30/23 | $1,083,558 |
Rubenstein Associates | 5/30/23 | $272,277 |
Brass Lab Llc | 5/30/23 | $502,981 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $98,737,823 |
| Interest on Savings | $7,138 |
| 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 | $697 |
| Total Revenue | $98,745,658 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $515,911 |
| Other employee salaries and wages | $1,551,472 |
| Pension plans, employee benefits | $340,831 |
| Interest | $0 |
| Taxes | $100 |
| Depreciation | $16,171 |
| Occupancy | $295,346 |
| Travel, conferences, and meetings | $2,817,494 |
| Printing and publications | $0 |
| Other expenses | $9,280,096 |
| Total operating and administrative expenses | $19,282,112 |
| Contributions, gifts, grants paid | $72,147,195 |
| Total expenses and disbursements | $91,429,307 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $18,700,152 |
| Net Accounts receivable | $11,492 |
| 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 | $1,722,997 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $1,847 |
| Other assets | $350,749 |
| Total assets | $20,787,237 |
| Accounts payable and accrued expenses | $5,337,860 |
| 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 | $5,696,507 |
Grants Awarded
Over the last fiscal year, Breakthrough Prize Foundation has awarded $73,847,197 in support to 51 organizations.
| Grant Recipient | Amount |
|---|---|
DANIEL SPIELMAN PURPOSE: 2023 BREAKTHROUGH PRIZE IN MATHEMATICS | $3,000,000 |
CHARLES BENNETT PURPOSE: 2023 BREAKTHROUGH PRIZE IN FUNDAMENTAL PHYSICS | $750,000 |
DAVID DEUTSCH PURPOSE: 2023 BREAKTHROUGH PRIZE IN FUNDAMENTAL PHYSICS | $750,000 |
GILLES BRASSARD PURPOSE: 2023 BREAKTHROUGH PRIZE IN FUNDAMENTAL PHYSICS | $750,000 |
PETER SHOR PURPOSE: 2023 BREAKTHROUGH PRIZE IN FUNDAMENTAL PHYSICS | $750,000 |
SEBASTIAN HURTADO SALAZAR PURPOSE: 2022 NEW HORIZONS IN MATHEMATICS PRIZE | $50,000 |