Prpl Foundation Inc
- Assets
- $4.7m
- Revenue
- $795.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Wakefield, MA
- Founding
- 11/2016
- Data as of
- 12/2021
- EIN
- 47-1110074
Organization Overview
Prpl Foundation Inc is located in Wakefield, MA. The organization was established in 2016. According to its NTEE Classification (U03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Science & Technology and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Prpl Foundation Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Prpl Foundation Inc generated $795.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.0%) each year. All expenses for the organization totaled $997.2k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE OPEN-SOURCE WORLD NEEDS A COLLABORATIVE COMMUNITY TO ADDRESS DEVELOPMENT OF BETTER EMBEDDED SECURITY, VIRTUALIZATION AND SOFTWARE PORTABILITY. PRPL IS THE EMBODIMENT OF A VARIETY OF NEW AND EXISTING COMMUNITY OPEN SOURCE PROJECTS TO HELP ADDRESS THESE ISSUES. THE GOAL IS TO PUSH INNOVATION IN AREAS RANGING FROM BIG DATA, CLOUD COMPUTING AND ANALYTICS TO EMBEDDED DEVICES, INTERNET-OF-THINGS "IOT" HUBS AND RESIDENTIAL GATEWAYS. PRPL IS BEING CREATED ON THE PRINCIPLE OF PORTABILITY, ALLOWING FOR CODE TO BE WRITTEN ONCE, AND DEPLOYED TO MANY DEVICES - REGARDLESS OF ARCHITECTURE. BY PUSHING PORTABLE SOFTWARE (JITS, EMULATION, BINARY TRANSLATION), PRPL ENABLES DEVELOPERS TO INNOVATE ON THEIR CORE STRENGTHS.THE PRPL FOUNDATION, ("FOUNDATION") IS AN OPEN-SOURCE, COMMUNITY-DRIVEN, COLLABORATIVE, ORGANIZATION. IT MAINLY TARGETS AND SUPPORTS THE MIPS ARCHITECTURE - BUT IT IS OPEN TO ALL - WITH A FOCUS ON ENABLING NEXT-GEN DATACENTER-TO-DEVICE PORTABLE SOFTWARE AND VIRTUALIZED ARCHITECTURES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MISSION OF THE FOUNDATION IS TO: (A) DEVELOP, SUPPORT AND PROMOTE AN OPEN-SOURCE, COMMUNITY-DRIVEN CONSORTIUM WITH A FOCUS ON ENABLING THE SECURITY AND INTEROPERABILITY OF EMBEDDED DEVICES FOR THE INTERNET OF THINGS (IOT) AND SMART SOCIETY OF THE FUTURE; AND (B) UNDERTAKE OTHER ACTIVITIES AS APPROPRIATE TO FURTHER THE PURPOSES AND ACHIEVE THE GOALS SET FORTH ABOVE. HISTORICALLY, THE PRPL FOUNDATION DEVELOPED AROUND THE MIPS ECOSYSTEM; IT NOW HAS EVOLVED TO BE INSTRUCTION SET-NEUTRAL IN ITS APPROACH. THE MISSION OF THE FOUNDATION MAY ONLY BE AMENDED BY A UNANIMOUS VOTE OF ALL OF PLATINUM DIRECTORS.
THE MISSION OF THE FOUNDATION IS TO: (A) DEVELOP, SUPPORT AND PROMOTE AN OPEN-SOURCE, COMMUNITY-DRIVEN CONSORTIUM WITH A FOCUS ON ENABLING THE SECURITY AND INTEROPERABILITY OF EMBEDDED DEVICES FOR THE INTERNET OF THINGS (IOT) AND SMART SOCIETY OF THE FUTURE; AND (B) UNDERTAKE OTHER ACTIVITIES AS APPROPRIATE TO FURTHER THE PURPOSES AND ACHIEVE THE GOALS SET FORTH ABOVE. HISTORICALLY, THE PRPL FOUNDATION DEVELOPED AROUND THE MIPS ECOSYSTEM; IT NOW HAS EVOLVED TO BE INSTRUCTION SET-NEUTRAL IN ITS APPROACH. THE MISSION OF THE FOUNDATION MAY ONLY BE AMENDED BY A UNANIMOUS VOTE OF ALL OF PLATINUM DIRECTORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leonard Dauphinee President | OfficerTrustee | 8 | $0 |
Thomas Staneker Treasurer | OfficerTrustee | 4 | $0 |
Pedro Caldeira Dos Santos Director | Trustee | 4 | $0 |
Wojtek Makowski Director | Trustee | 4 | $0 |
Endika Miragaya Director | Trustee | 4 | $0 |
Randy Zimler Director | Trustee | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cesare Garlati Computer It | 12/30/16 | $236,420 |
Eskenzi Pr & Marketing Pr & Marketing | 12/30/16 | $144,162 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $795,001 |
| Investment income | $25 |
| 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 | $795,026 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $108,462 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $26,625 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $14,240 |
| Advertising and promotion | $25,052 |
| Office expenses | $4,781 |
| Information technology | $9,061 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $924 |
| All other expenses | $0 |
| Total functional expenses | $997,233 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $305,877 |
| Savings and temporary cash investments | $100,025 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,960,300 |
| 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 | $2,305,071 |
| 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 | $4,671,273 |
| Accounts payable and accrued expenses | $1,778,063 |
| Grants payable | $0 |
| Deferred revenue | $555,000 |
| 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 | $2,302,300 |
| Total liabilities | $4,635,363 |
| Net assets without donor restrictions | $35,910 |
| Net assets with donor restrictions | $0 |
| 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 | $4,671,273 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Association For Computing Machinery Inc New York, NY | $180,885,528 | $72,176,631 |
American Mathematical Society Providence, RI | $260,729,239 | $32,058,394 |
New York Academy Of Sciences New York, NY | $16,349,796 | $18,722,535 |
American Meteorological Society Boston, MA | $23,955,564 | $17,020,268 |
Illuminating Engineering Society New York, NY | $18,835,076 | $5,095,869 |
Acoustical Society Of America Melville, NY | $27,852,210 | $5,622,240 |
Explorers Club New York, NY | $15,490,739 | $4,443,470 |
Igem Foundation Inc Cambridge, MA | $4,229,953 | $5,084,700 |
Society Of Cosmetic Chemists New York, NY | $2,038,387 | $1,831,767 |
Guild Of Future Architects Foundation West Th Street, NY | $810,502 | $1,697,027 |
Prpl Foundation Inc Wakefield, MA | $4,671,273 | $795,026 |
Bioethics International Inc Westport, CT | $369,804 | $800,083 |