Parallax Futures
- Assets
- $1.3m
- Revenue
- $4.6m
- Investments
- $100.0k
- Employees
- 19
- Location
- Berkeley, CA
- Founding
- Data as of
- 12/2022
- EIN
- 87-1988727
Organization Overview
Parallax Futures is located in Berkeley, CA. According to its NTEE Classification (B50) the organization is classified as: Graduate & Professional Schools, under the broad grouping of Education and related organizations. As of 12/2022, Parallax Futures employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Parallax Futures 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, Parallax Futures generated $4.6m in total revenue. All expenses for the organization totaled $3.9m during the year ending 12/2022. While expenses have increased by 158.4% per year over the past 2 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TRANSFORMATIONS OF THE HUMAN IS A PLATFORM FOR DOING PHILOSOPHY. WE PROVIDE PHILOSOPHICAL INSIGHT, AESTHETICALLY RENDERED, IN AN EFFORT TO BUILD PRODUCTS PRACTITIONERS AND COMPANIES WITH PHILOSOPHICAL AGENCY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE TOFTH SCHOOL ADDRESSES AN OPPORTUNITY THAT PREVIOUSLY DID NOT EXIST:FIELDS LIKE ARTIFICIAL INTELLIGENCE, BIOGEOCHEMISTRY AND ROBOTICS DISRUPT THE CONCEPTS WE LIVE BY WHAT IT IS TO BE HUMAN, WHAT NATURE AND MACHINES AND TRUTH ARE, HOW TO LIVE TOGETHER. BECAUSE OF THESE DISRUPTIONS, IT HAS BECOME POSSIBLE TO PRACTICE TECHNOLOGY IN TERMS OF PHILOSOPHY.TOFTH IS DESIGNED TO ADDRESS THIS EXCITING NEW OPPORTUNITY.OUR NINE-MONTH CURRICULUM IS FOCUSED ON BRINGING TOGETHER PHILOSOPHY, ART AND TECHNOLOGY IN A PRACTICE WE CALL PART. PART EQUIPS STUDENTS TO PRACTICE THE CONCRETE IN TERMS OF THE ABSTRACT. THROUGH PLAYFUL ENGAGEMENT, STUDENTS COME TO TERMS WITH THE UNEXPECTED AND LEARN HOW TO CONDUCT EXPERIMENTS WITH PHILOSOPHIES AND TECHNOLOGIES. COHORT 1 GRADUATED IN JUNE 2022. COHORT 2 WILL DOUBLE THE SIZE, ADMITTING UP TO 25 STUDENTS. NEARLY HALF OF THE COHORT IS INTERNATIONAL.
RESEARCH PROJECTS- TOFTH WORKS WITH COMPANIES TO DISCOVER THE PHILOSOPHICAL STAKES OF THEIR WORK.OUR PART RESEARCHERS ASSIST OUR CLIENTS TO SEE THE PHILOSOPHICAL RUPTURES THEIR TECHNOLOGIES PROVOKE AND HELP THEM IDENTIFY NEW OPPORTUNITIES AND MARKETS. COLLABORATIONS WITH TOFTH ENHANCE LONG-TERM PRODUCT DEVELOPMENT CAPACITIES, INCLUDING: INTELLECTUAL DEVELOPMENT, CONCEPTUAL FRAMEWORKS, TALENT DEVELOPMENT AND RETENTION LEADERSHIP DEVELOPMENT.
OTHER PROGRAMS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tobias Rees President/ceo | OfficerTrustee | 40 | $368,891 |
Kim Carson Coo/sect/treas | OfficerTrustee | 40 | $301,758 |
Reid Hoffman Director | Trustee | 2 | $0 |
Nicolas Berggruen Director | Trustee | 2 | $0 |
Bettina Kames Director | Trustee | 2 | $0 |
Dmitri Mehlhorn Director | Trustee | 2 | $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 | $3,925,385 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,925,385 |
| Total Program Service Revenue | $710,000 |
| 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 | $4,635,385 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $577,282 |
| Grants and other assistance to Foreign Orgs/Individuals | $150,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $933,065 |
| Compensation of current officers, directors, key employees. | $191,120 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $863,696 |
| Pension plan accruals and contributions | $19,300 |
| Other employee benefits | $73,164 |
| Payroll taxes | $117,268 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,098 |
| Fees for services: Accounting | $27,095 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $305,834 |
| Advertising and promotion | $20,378 |
| Office expenses | $113,986 |
| Information technology | $49,467 |
| Royalties | $0 |
| Occupancy | $160,594 |
| Travel | $371,925 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $38,225 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $20,903 |
| Insurance | $11,945 |
| All other expenses | $0 |
| Total functional expenses | $3,913,361 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $377,133 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $150,000 |
| 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 | $44,638 |
| Net Land, buildings, and equipment | $222,719 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $100,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $443,573 |
| Total assets | $1,338,063 |
| Accounts payable and accrued expenses | $65,778 |
| 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 | $473,626 |
| Total liabilities | $539,404 |
| Net assets without donor restrictions | $747,746 |
| Net assets with donor restrictions | $50,913 |
| 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 | $1,338,063 |