Breakthrough Prize In Life Sciences Foundation
- Assets
- $3.4m
- Revenue
- $14.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 07/2014
- Data as of
- 05/2023
- EIN
- 46-2026488
Organization Overview
Breakthrough Prize In Life Sciences Foundation is located in Washington, DC. The organization was established in 2014. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Breakthrough Prize In Life Sciences 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 In Life Sciences Foundation generated $14.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (5.0%) each year. All expenses for the organization totaled $13.8m during the year ending 05/2023. As we would expect to see with falling revenues, expenses have declined by (8.7%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Breakthrough Prize In Life Sciences Foundation has awarded 20 individual grants totaling $40,500,000. 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
THE FOUNDATION AWARDED PRIZES TO SCIENTISTS AND RESEARCHERS WHO DEMONSTRATED EXCELLENCE IN RESEARCH AIMED AT UNDERSTANDING LIVING SYSTEMS, CURING INTRACTABLE DISEASES AND EXTENDING HUMAN LIFE. THE BREAKTHROUGH PRIZES IN LIFE SCIENCES WERE AWARDED TO SIX INDIVIDUALS WHO MADE SIGNIFICANT ACCOMPLISHMENTS IN THESE AREAS.
IN CONJUNCTION WITH THE BREAKTHROUGH PRIZE FOUNDATION, THE BREAKTHROUGH PRIZE IN LIFE SCIENCES FOUNDATION AWARDS PRIZES AT THE ANNUAL PRIZE CEREMONY. THE INTENT OF THE CEREMONY IS TO HELP CREATE AND STIMULATE INTEREST AND DISCOVERIES IN UNDERSTANDING LIVING SYSTEMS AND EXTENDING HUMAN LIFE, AND TO CREATE PUBLIC AWARENESS AND A SENSE OF EXCITEMENT IN THOSE FIELDS. THE CEREMONY FEATURES CELEBRITY PRESENTATIONS, FILMS, COMEDY, AND LIVE MUSIC FROM MAJOR ARTISTS AND IS AVAILABLE FOR VIEWING VIA STREAMING ON THE BREAKTHROUGH PRIZE YOUTUBE PAGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Yuri B Milner Director, President | 1 | $0 | |
Breck Hancock Director, Treasurer | 1 | $0 | |
James A Hutchinson Secretary | 1 | $0 | |
Simon Peter Worden Foundation Chairman | 7 | $44,406 | |
Huda Zoghbi Director, Board Chairman | 1 | $0 | |
Karl Johansson Director | 3 | $12,500 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Breakthrough Awards Productions Inc | 5/30/23 | $1,625,337 |
Brass Lab Llc | 5/30/23 | $754,472 |
Creative Artists Agency | 5/30/23 | $183,043 |
Rubenstein Associates | 5/30/23 | $167,926 |
Bamboo Productions Ltd | 5/30/23 | $140,040 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $14,844,226 |
| Interest on Savings | $2,605 |
| 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 | $0 |
| Total Revenue | $14,846,831 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $56,658 |
| Travel, conferences, and meetings | $196,393 |
| Printing and publications | $0 |
| Other expenses | $1,581 |
| Total operating and administrative expenses | $4,751,137 |
| Contributions, gifts, grants paid | $9,000,000 |
| Total expenses and disbursements | $13,751,137 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,386,698 |
| Net Accounts receivable | $0 |
| 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 | $35,000 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,421,698 |
| Accounts payable and accrued expenses | $78,502 |
| Grants payable | $1,500,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $317,219 |
| Total liabilities | $1,895,721 |
Grants Awarded
Over the last fiscal year, Breakthrough Prize In Life Sciences Foundation has awarded $7,500,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
ANTHONY HYMAN PURPOSE: 2023 BREAKTHROUGH PRIZE IN LIFE SCIENCES | $1,500,000 |
CLIFFORD BRANGWYNNE PURPOSE: 2023 BREAKTHROUGH PRIZE IN LIFE SCIENCES | $1,500,000 |
JOHN JUMPER PURPOSE: 2023 BREAKTHROUGH PRIZE IN LIFE SCIENCES | $1,500,000 |
DEMIS HASSABIS PURPOSE: 2023 BREAKTHROUGH PRIZE IN LIFE SCIENCES | $1,500,000 |
EMMANUEL MIGNOT PURPOSE: 2023 BREAKTHROUGH PRIZE IN LIFE SCIENCES | $1,500,000 |