The Foresight Institute
- Assets
- $1.8m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 6
- Location
- San Francisco, CA
- Founding
- 05/1991
- Data as of
- 12/2021
- EIN
- 77-0119168
Organization Overview
The Foresight Institute is located in San Francisco, CA. The organization was established in 1991. According to its NTEE Classification (U40) the organization is classified as: Engineering & Technology, under the broad grouping of Science & Technology and related organizations. As of 12/2021, Foresight Institute employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foresight Institute 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, Foresight Institute generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 37.4% each year . All expenses for the organization totaled $1.0m during the year ending 12/2021. While expenses have increased by 22.3% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TECHNOLOGY EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
FORESIGHT INSTITUTE PROGRAMSFORESIGHT INSTITUTE ADVANCES TECHNOLOGIES OF FUNDAMENTAL IMPORTANCE TO THE LONG-TERM FUTURE OF LIFE AND THE BIOSPHERE, FOCUSING ON MOLECULAR MACHINE NANOTECHNOLOGY, LONGEVITY, AND COMPUTER SCIENCE. WE REWARD EXCELLENCE, RESTRAIN RECKLESSNESS, AND CREATE COMMUNITY TO PROMOTE BENEFICIAL USES OF THESE TECHNOLOGIES AND REDUCE MISUSE AND ACCIDENTS POTENTIALLY ASSOCIATED WITH THEM.FORESIGHT PROGRAMS IN NANOTECHNOLOGY, BIOTECHNOLOGY, COMPUTER SCIENCE, SPACE TECHNOLOGY, NEUROTECH, FORESIGHT.TO TRANSLATE THE EXPERTISE OF 10+ YEARS OF TECHNICAL COMPETITIONS FOR ADVANCING BIOTECHNOLOGY, NANOTECHNOLOGY, AND COMPUTATION INTO CONSISTENT LONG-TERM PROGRESS, FORESIGHT INSTITUTE LEADS YEAR-LONG STRATEGY GROUPS. INVITED PARTICIPANTS INCLUDED LEADING SCIENTISTS, ENTREPRENEURS AND INSTITUTIONAL ALLIES CONNECTED BY A VIRTUAL COMMUNITY AND MEET MONTHLY ONLINE TO FOCUS ON ADVANCING A CRUCIAL ASPECT OF THEIR FIELD, PROMPTED BY INVITED GUEST SPEAKERS. THE GOAL IS TO DEVELOP CONCRETE PROJECTS FOR SOLVING FOUNDATIONAL PROBLEMS IN EACH FIELD OPEN FOR GOVERNMENTAL AND PHILANTHROPIC FUNDING, OR INVESTMENT.NANOTECHNOLOGY PROGRAM: MOLECULAR MACHINES GROUP A GROUP OF SCIENTISTS, ENTREPRENEURS, AND INSTITUTIONAL ALLIES WHO COOPERATE TO MAKE PROGRESS ON MOLECULAR MACHINES. CONNECTED BY A VIRTUAL GROUP, THIS PROGRAM ADVANCES THE WORK OF THOSE WORKING TO CREATE ATOMICALLY PRECISE APPLICATIONS IN ENERGY, MEDICINE, AND MATERIALS SCIENCE TOWARD FEYNMANS VISION OF MOLECULAR NANOTECHNOLOGY.LONGEVITY PROGRAM: HEALTH EXTENSION GROUP THIS GROUP OF SCIENTISTS, ENTREPRENEURS, AND INSTITUTIONAL ALLIES MEETS MONTHLY TO COOPERATE IN SPURRING FIELD-WIDE PROGRESS ON TECHNOLOGIES THAT FIGHT AGING AND INCREASE HUMAN HEALTHSPAN. AI CYBERSPACE PROGRAM: INTELLIGENT COOPERATION GROUPA GROUP OF EXPERTS IN COMPUTER SCIENCE, CRYPTOGRAPHY, AI, AND RELATED FIELDS, CONNECTED BY A VIRTUAL GROUP, WHO COOPERATE ON APPLYING THESE TOOLS TO BUILD A FUTURE DEFINED BY INTELLIGENT COOPERATION AND SEEK DECENTRALIZED DEFENSES AGAINST AUTOMATED PHYSICAL AND DIGITAL THREATS.NEUROTECH: IMPROVING COGNITION. A GROUP OF NEUROSCIENCE RESEARCHERS, ENTREPRENEURS, AND ALLIES ADVANCING BENEFICIAL SHORT-TERM AND LONG-TERM NEUROTECHNOLOGY APPLICATIONS.SPACE: A GROUP OF RESEARCHERS, ENTREPRENEURS, AND ALLIES ADVANCING SPACE TECHNOLOGIES, FROM NEAR-TERM APPLICATIONS TO LONG-TERM EXPLORATION.
FELLOWSHIPS AND FEYNMAN PRIZESTECHNOLOGY PRIZES HAVE HELPED PUSH THE ENVELOPE IN DEVELOPING ENABLING TECHNOLOGY AND ACHIEVING MILESTONES. FORESIGHT AWARDS ARE SEVERAL OF THE PREMIER RESEARCH AWARDS IN THE NANOTECHNOLOGY FIELD, INCLUDING THE FEYNMAN PRIZES IN NANOTECHNOLOGY (ONE EACH FOR EXPERIMENT AND THEORY) AND THE FORESIGHT DISTINGUISHED STUDENT AWARD. IN ADDITION, THE FORESIGHT FEYNMAN GRAND PRIZE WILL BE AWARDED TO THE FIRST PERSON OR GROUP TO MEET SPECIFIC CRITERIA FOR CONSTRUCTING NANOSCALE DEVICES, A KEY MILESTONE IN DEVELOPING MOLECULAR MANUFACTURING METHODS AND DEVICES. IN 2017 FORESIGHT LAUNCHED THE FORESIGHT FELLOWSHIP, A SUPPORTIVE PROGRAM TO SUPPORT TEN SELECTED INNOVATORS IN REALIZING THEIR IDEAS, FOCUSING ON MOLECULAR MACHINE NANOTECHNOLOGY, LONGEVITY, AI, AND CYBERSPACE.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Allison Duettmann President | Trustee | 40 | $119,500 |
Joseph Seidler Treasurer | Officer | 10 | $20,200 |
Chip Morningstar Secretary | OfficerTrustee | 1 | $0 |
Sonia Arrison Director | Officer | 0 | $0 |
James C Bennett Director | Trustee | 1 | $0 |
Brad Templeton Director | Trustee | 1 | $0 |
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 | $1,558,371 |
| Noncash contributions included in lines 1a–1f | $234,658 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,558,371 |
| Total Program Service Revenue | $0 |
| Investment income | $8,096 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $33,095 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,599,886 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $442,540 |
| Grants and other assistance to domestic individuals. | $6,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $5,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $139,700 |
| Compensation of current officers, directors, key employees. | $32,150 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $88,922 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $8,697 |
| Payroll taxes | $3,793 |
| Fees for services: Management | $913 |
| Fees for services: Legal | $3,333 |
| Fees for services: Accounting | $4,711 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $47,182 |
| Office expenses | $21 |
| Information technology | $47,771 |
| Royalties | $0 |
| Occupancy | $4,256 |
| Travel | $352 |
| 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 | $160 |
| Insurance | $3,723 |
| All other expenses | $2,678 |
| Total functional expenses | $1,048,841 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $326,117 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $50,000 |
| Accounts receivable, net | $0 |
| 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 | $1,202 |
| Net Land, buildings, and equipment | $641 |
| Investments—publicly traded securities | $1,066,988 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $374,200 |
| Total assets | $1,819,148 |
| Accounts payable and accrued expenses | $43,275 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $12,863 |
| Total liabilities | $56,138 |
| Net assets without donor restrictions | $1,372,456 |
| Net assets with donor restrictions | $390,554 |
| 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 | $1,819,148 |
Grants Awarded
Over the last fiscal year, The Foresight Institute has awarded $442,540 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
AI OBJECTIVES INSTITUTE PURPOSE: General sponsorship | $436,500 |
THE ALLIANCE FOR LONGEVITY PURPOSE: General | $6,040 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that The Foresight Institute has recieved totaling $701,152.
| Awarding Organization | Amount |
|---|---|
Founders Pledge Inc New York, NY PURPOSE: GENERAL SUPPORT OF AI OBJECTIVES INSTITUTE | $485,000 |
Donors Trust Inc Alexandria, VA PURPOSE: for general operations | $150,000 |
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: COMMUNITY & HUMAN SERVICES | $56,000 |
Gordon E And Betty I Moore Foundation Palo Alto, CA PURPOSE: IN SUPPORT OF A SERIES OF KEYNOTE PRESENTATIONS AND VIRTUAL WORKSHOP MEETINGS FOR THE NEWLY FORMED MOLECULAR MACHINES GROUP, A CROSS-SILO COLLABORATION TO ADVANCE A BIOLOGICAL PHENOMENON OF MOLECULES THAT CONVERT CHEMICAL ENERGY INTO MECHANICAL FORCES AND MOTION. | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $152 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mozilla Foundation San Francisco, CA | $66,895,760 | $26,523,745 |
Applied Technology Council Redwood City, CA | $8,408,642 | $4,921,582 |
Equalize Health San Francisco, CA | $2,578,144 | $2,659,678 |
Aquaya Institute San Anselmo, CA | $2,762,883 | $3,651,840 |
Arizona Technology Council Phoenix, AZ | $832,086 | $1,960,738 |
Globalplatform Inc A Delaware Corporation Redwood City, CA | $3,723,105 | $2,155,351 |
Ought Inc Covina, CA | $3,932,251 | $796,178 |
Openai Inc San Francisco, CA | $19,976,363 | $11,728 |
The Foresight Institute San Francisco, CA | $1,819,148 | $1,599,886 |
La-Mas Inc Los Angeles, CA | $1,016,379 | $899,237 |
Hawaii-Pacific Foundation Inc Honolulu, HI | $4,397,833 | $4,049,024 |
Extreme Tech Challenge Palo Alto, CA | $757,069 | $399,967 |