50 Breakthroughs Foundation
- Assets
- $16.7m
- Revenue
- $12.8m
- Investments
- $0.0
- Employees
- 4
- Location
- Oakland, CA
- Founding
- 04/2018
- Data as of
- 12/2021
- EIN
- 82-2180399
Organization Overview
50 Breakthroughs Foundation is located in Oakland, CA. The organization was established in 2018. According to its NTEE Classification (Q33) the organization is classified as: International Relief, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2021, 50 Breakthroughs Foundation employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 50 Breakthroughs Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
DISCOVER, DESIGN, DEVELOP, AND DELIVER SCIENTIFIC AND TECHNOLOGICAL PRODUCTS AND SERVICES TO ADDRESS ISSUES FACING THE POOR AND UNDER-SERVED INTERNATIONALLY AND WITHIN THE UNITED STATES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THIS CORPORATION WILL FOCUS ON PRODUCTS AND SERVICES WITH A POTENTIAL TO IMPROVE THE LIVES OF THE POOR AND UNDER-SERVED, INCLUDING THOSE RELATED TO IMPROVING ACCESS TO ENERGY, ACCESS TO SANITATION AND DEVELOPING THE MEDICAL OXYGEN SUPPLY INFRASTRUCTURE IN SUB-SAHARAN AFRICA.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Noha El-Ghobashy Coo-Til 06/21, Ceo-From 06/21 | OfficerTrustee | 40 | $182,084 |
Shashi Buluswar Ceo-Til 0621 Board Member-From 06/21 | OfficerTrustee | 40 | $83,635 |
Ratana Ismail Secretary | OfficerTrustee | 40 | $79,416 |
Stefano Bertozzi Board Member | Trustee | 1 | $0 |
Andrew Stern Board Member | Trustee | 1 | $0 |
Sandro Tuzzo Board Member | 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 | $12,750,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,750,000 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $12,750,000 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,103 |
| 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. | $403,390 |
| Compensation of current officers, directors, key employees. | $55,748 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $25,856 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $70,224 |
| Payroll taxes | $27,497 |
| Fees for services: Management | $200,978 |
| Fees for services: Legal | $13,924 |
| Fees for services: Accounting | $32,217 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $812,360 |
| Advertising and promotion | $2,259 |
| Office expenses | $49,715 |
| Information technology | $3,789 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $94,232 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $540 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $40,699 |
| Insurance | $4,972 |
| All other expenses | $0 |
| Total functional expenses | $1,798,545 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,000,289 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $500,000 |
| 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 | $11,132 |
| Net Land, buildings, and equipment | $5,648,358 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $150,000 |
| Intangible assets | $398,000 |
| Other assets | $0 |
| Total assets | $16,707,779 |
| Accounts payable and accrued expenses | $3,061,828 |
| 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 | $300,000 |
| Total liabilities | $3,361,828 |
| Net assets without donor restrictions | $9,717,330 |
| Net assets with donor restrictions | $3,628,621 |
| 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 | $16,707,779 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that 50 Breakthroughs Foundation has recieved totaling $11,800,000.
| Awarding Organization | Amount |
|---|---|
Silicon Valley Community Foundation Mountain View, CA PURPOSE: International Development | $8,000,000 |
Skoll Foundation Palo Alto, CA PURPOSE: OXYGEN HUB INITIATIVE (PHASE 2) | $2,500,000 |
Skoll Foundation Palo Alto, CA PURPOSE: OXYGEN HUB INITIATIVE (PHASE 2) | $500,000 |
The Skoll Fund Mountain View, CA PURPOSE: OXYGEN HUB INITIATIVE | $500,000 |
Soros Economic Development Fund New York, NY PURPOSE: TO PROVIDE BRIDGE FUNDING TO CLOSE OXYGEN HUB'S FUNDING GAP IN ITS OPERATING AND CAPITAL EXPENDITURES RELATED TO THE UNEXPECTED DELAYS IN (I) SETTING UP THREE (3) MEDICAL OXYGEN PLANTS IN NIGERIA, KENYA AND ETHIOPIA, AND (II) RAISING AN EQUITY INVESTMENT ROUND (THE "INITIATIVE") | $300,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mission Without Borders International Camarillo, CA | $12,905,795 | $20,022,100 |
Assist International Inc Ripon, CA | $15,283,547 | $16,657,420 |
Maranatha Volunteers International Inc Roseville, CA | $22,832,161 | $24,229,076 |
Alliance For Medical Outreach And Relief Fresno, CA | $15,431,819 | $11,809,946 |
Iris Global Redding, CA | $6,251,509 | $13,219,595 |
Behring Global Educational Foundation Danville, CA | $225,486,118 | $12,863,733 |
Far Reaching Ministries Murrieta, CA | $21,362,367 | $12,281,756 |
Good Neighbors Usa Tustin, CA | $3,226,157 | $7,785,780 |
Ywam Ships Orange County Kailua Kona, HI | $1,414,962 | $7,142,839 |
Guara Bi Inc Las Vegas, NV | $2,785,131 | $6,283,964 |
Operation Usa Los Angeles, CA | $6,771,517 | $5,746,005 |
Onesky Berkeley, CA | $3,976,088 | $6,959,503 |