X Prize Foundation Inc

Organization Overview

X Prize Foundation Inc is located in Culver City, CA. The organization was established in 1999. According to its NTEE Classification (W70) the organization is classified as: Leadership Development, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2022, X Prize Foundation Inc employed 97 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. X Prize Foundation Inc 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 12/2021, X Prize Foundation Inc generated $19.8m 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 (12.7%) each year. All expenses for the organization totaled $23.4m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO BRING ABOUT RADICAL BREAKTHROUGHS FOR THE BENEFITS OF HUMANITY, THEREBY INSPIRING THE FORMATION OF NEW INDUSTRIES AND THE REVITALIZATION OF MARKETS

Describe the Organization's Program Activity:

Part 3 - Line 4a

X PRIZE FOUNDATION, INC. ("X PRIZE") IS A NOT-FOR-PROFIT 501(C)(3) DELAWARE CORPORATION FOSTERING AND SPONSORING COMPETITION TO CREATE INNOVATIVE BREAKTHROUGHS FOR THE BENEFIT OF HUMANITY. THE FOUNDATION CONDUCTS COMPETITIONS IN EIGHT PRIZE GROUPS: BIODIVERSITY & CONSERVATION; CLIMATE & ENERGY; DEEP TECH & QUANTUM; FOOD, WATER & WASTE; GLOBAL VISIONEERING; HEALTH; LEARNING & SOCIETY; AND SPACE & EXPLORATION. IN ADDITION, THE FOUNDATION PROVIDES AND OPERATES EDUCATION AND OUTREACH PROGRAMS RELATED TO ITS MISSION. THESE ACTIVITIES CONSIST OF SPEECHES, VISUAL PRESENTATIONS AND EDUCATIONAL MATERIALS IN PARTNERSHIP WITH KEY ACADEMIC INSTITUTIONS, AS WELL AS RESEARCH AND PUBLICATION OF INFORMATION IN THE GENERAL PUBLIC INTEREST.


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Board, Officers & Key Employees

Name (title)Compensation
Amir Ansari
Director
$0
Anousheh Ansari
Chief Executive Officer
$913,292
Anu Jain
Director
$0
Avi Reichental
Director
$0
David Blundin
Director
$0
Don Walker
Director
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Signature Analytics Llc
Accounting Services
$370,183
Amy Shratter Phillips
Recruiting Services
$238,023
Mas Event Design
Event Production Services
$232,376
Pure Energy Partners
Consulting
$205,500
Daniel L Kraft
Consulting
$180,000
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $2,820,496
All other contributions, gifts, grants, and similar amounts not included above$17,027,486
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$19,847,982
Total Program Service Revenue$0
Investment income $305,896
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 $19,767,291

Grants Awarded

Over the last fiscal year, X Prize Foundation Inc has awarded $55,000 in support to 3 organizations.

Grant RecipientAmount

ICV EVENTS LLC

PURPOSE: ICV EVENTS

$5,000

FOUNDATION FOR INSPIRATION & RECOGNITION OF SCIENCE AND TECHNOLOGY

PURPOSE: 2017 FIRST GLOBAL INNOVATION AWARD SPONSORSHIP

$25,000

YOUNG PRESIDENTS ORGANIZATION

PURPOSE: 08-2017 YPO SPONSORSHIP

$25,000
View Grant Profile

Peer Organizations

Organization NameAssets
X Prize Foundation Inc
Culver City, CA
$19,767,291
Alt Finance Corporation
Culver City, CA
$9,006,017
Coro Northern California Inc
San Francisco, CA
$5,428,521
The Silicon Valley Leadership Group
San Jose, CA
$4,058,720
Womens Economic Ventures
Santa Barbara, CA
$4,198,397
Servant Partners Inc
Pomona, CA
$3,243,739
Greater Phoenix Leadership Inc
Phoenix, AZ
$3,291,162
Great Minds In Stem
Los Angeles, CA
$2,555,249
Leadership Education For Asian Pacific Inc
Los Angeles, CA
$2,524,232
New Left Accelerator
Alameda, CA
$3,374,252
Capaces Leadership Institute
Woodburn, OR
$3,718,244
Coro Southern California Inc
Los Angeles, CA
$2,205,616
Women In Global Health Inc
Hayward, CA
$3,845,149
Be A Leader Foundation
Phoenix, AZ
$1,723,752
Southern Arizona Leadership Council Inc
Tucson, AZ
$1,307,773
Arizona Trail Association
Tucson, AZ
$1,407,174
Valley Leadership Corporation
Phoenix, AZ
$666,771
Search Inside Yourself Leadership Institute
San Francisco, CA
$985,178
Latina Coalition Of Silicon Valley
San Jose, CA
$1,286,847
American Leadership Forum Of Oregon
Portland, OR
$611,586
North Bay Leadership Council
Petaluma, CA
$475,197
Women In Research Ltd
Bend, OR
$542,371
Urbanpromise Los Angeles Inc
Canoga Park, CA
$492,413
Leaders2give Inc
Sacramento, CA
$494,422
Leadership Council San Mateo County
Burlingame, CA
$526,384

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