Berkeley Existential Risk Initiative
- Assets
- $6.0m
- Revenue
- $6.9m
- Investments
- $0.0
- Employees
- 17
- Location
- Covina, CA
- Founding
- 02/2017
- Data as of
- 12/2022
- EIN
- 81-4820272
Organization Overview
Berkeley Existential Risk Initiative is located in Covina, CA. The organization was established in 2017. According to its NTEE Classification (M20) the organization is classified as: Disaster Preparedness & Relief Services, under the broad grouping of Public Safety, Disaster Preparedness & Relief and related organizations. As of 12/2022, Berkeley Existential Risk Initiative employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Berkeley Existential Risk Initiative 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 12/2022, Berkeley Existential Risk Initiative generated $6.9m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 32.7% each year . All expenses for the organization totaled $3.4m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Berkeley Existential Risk Initiative has awarded 18 individual grants totaling $5,923,837. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE HUMAN CIVILIZATIONS LONG-TERM PROSPECTS FOR SURVIVAL AND FLOURISHING. CURRENTLY, OUR MAIN STRATEGY IS COLLABORATING WITH UNIVERSITY RESEARCH GROUPS WORKING TO REDUCE EXISTENTIAL RISK, BY PROVIDING THEM WITH FREE SERVICES AND SUPPORT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLLABORATIONS PROGRAM - WE COLLABORATED WITH RESEARCH GROUPS AT UC BERKELEY, MIT, THE UNIVERSITY OF OXFORD, STANFORD UNIVERSITY, UMASS AMHERST, AND SEVERAL OTHERS, PROVIDING FREE SERVICES TO SUPPORT THE FIELD OF EXISTENTIAL RISK REDUCTION.
WE CLOSED DOWN THE BERI SUPPORT FUND, AND GRANTED THE REMAINING FUNDS FROM THE BAY AREA X-RISK COMMUNITY INITIATIVE (BAXCI) TO ANOTHER ORGANIZATION TO SUPPORT A SIMILAR PROGRAM.
WE CLOSED A GRANTS PROGRAM AIMED AT REDUCING EXISTENTIAL RISK. WE FINISHED ADMINISTERING THE LAST OF OUR GRANTS TO INDIVIDUALS, AND GRANTED THE REMAINING MONEY TO ANOTHER ORGANIZATION FOR A SIMILAR PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anthony Barrett Sr Policy Analyst | 40 | $179,593 | |
Austin Hoag Mch Learn Engineer | 40 | $138,135 | |
Sawyer Bernath Exec Dir/sectry | OfficerTrustee | 40 | $116,251 |
Andrew Critch Pres/chair | OfficerTrustee | 1 | $0 |
Charles Jess Riedel Treasurer | OfficerTrustee | 0.5 | $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 | $6,787,681 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,787,681 |
| Total Program Service Revenue | $0 |
| Investment income | $29,106 |
| 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 | $6,862,246 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $91,121 |
| Grants and other assistance to domestic individuals. | $126,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $298,299 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $123,345 |
| Compensation of current officers, directors, key employees. | $54,348 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $725,737 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $36,009 |
| Payroll taxes | $63,365 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $30,022 |
| Fees for services: Accounting | $34,765 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,018,204 |
| Advertising and promotion | $0 |
| Office expenses | $77,368 |
| Information technology | $144,988 |
| Royalties | $0 |
| Occupancy | $108,768 |
| Travel | $323,968 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $147,659 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $39,553 |
| Insurance | $11,309 |
| All other expenses | $0 |
| Total functional expenses | $3,434,694 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,592,729 |
| Savings and temporary cash investments | $2,698,822 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $142 |
| 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 | $343,933 |
| Net Land, buildings, and equipment | $389,065 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,024,691 |
| Accounts payable and accrued expenses | $224,433 |
| 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 | $0 |
| Total liabilities | $224,433 |
| Net assets without donor restrictions | $724,671 |
| Net assets with donor restrictions | $5,075,587 |
| 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 | $6,024,691 |
Grants Awarded
Over the last fiscal year, Berkeley Existential Risk Initiative has awarded $91,121 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CTR FOR APPLIED RATIONALITY PURPOSE: Lightcone infrastructure | $70,125 |
SOCIAL & ENVIR ENTREPRENEURS PURPOSE: Survival and Flourishing | $20,996 |