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Research and Public Policy : Non-Medical Science & Technology Research

XPRIZE Foundation

Revolution through competition

three stars

88.71

800 Corporate Pointe Suite 350
Culver City, CA 90230
tel: (310) 741-4880   Web Site
EIN: 52-1876879

Board Leadership
Peter H. Diamandis
Founder and Executive Chairman

CEO
Peter H. Diamandis
Executive Chairman and Acting CEO

 
 
  Score
(out of 100)
Rating
Overall Score & Rating 88.71 three stars
  Financial 88.44 three stars
  Accountability & Transparency 89.00 three stars
This rating was published 05/01/2018 and includes data from FY2016, the most recent 990 received at that time.

Founded in 1995, the XPRIZE Foundation works to bring about radical breakthroughs for the benefit of humanity. We do this by creating and managing prizes that drive innovators to solve some of the greatest challenges facing the world today. The XPRIZE is viewed as the leading model to leverage the elements of public interest, entrepreneurial spirit and cross-disciplinary innovation to bring about breakthroughs that benefit us all. An XPRIZE is a $10 million+ award given to the first team to achieve a specific goal, set by the XPRIZE Foundation, which has the potential to benefit humanity. The XPRIZE Foundation continues to unveil new XPRIZEs in exploration (space and underwater), life sciences, energy and environment, education and global development.

Founded in 1995, the XPRIZE Foundation works to bring about radical breakthroughs for the benefit of humanity. We do this by creating and managing prizes that drive innovators to solve some of the greatest challenges facing the world today. The XPRIZE is viewed as the leading model to leverage the elements of public interest, entrepreneurial spirit and cross-disciplinary innovation to bring about breakthroughs that benefit us all. An XPRIZE is a $10 million+ award given to the first team to achieve a specific goal, set by the XPRIZE Foundation, which has the potential to benefit humanity. The XPRIZE Foundation continues to unveil new XPRIZEs in exploration (space and underwater), life sciences, energy and environment, education and global development.

Results Information

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Financial

three stars

88.44

Accountability & Transparency

three stars

89.00

This rating was published 05/01/2018 and includes data from FY2016, the most recent 990 received at that time.
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)
70.8%
  Administrative Expenses 23.5%
  Fundraising Expenses 5.5%
  Fundraising Efficiency $0.03
  Working Capital Ratio (years) 3.20
  Program Expenses Growth 10.0%
  Liabilities to Assets 27.5%
All data for Financial Performance Metrics calculations was provided by XPRIZE Foundation on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by XPRIZE Foundation on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
XPRIZE Foundation (CA) 88.71 three stars
Cary Institute of Ecosystem Studies (NY) 90.70 four stars
Botanical Research Institute of Texas (TX) 88.36 three stars
American Council for an Energy-Efficient Economy (DC) 95.24 four stars
Woods Hole Oceanographic Institution (MA) 92.95 four stars

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $27,572,485
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $0
   Related Organizations $0
   Government Grants $0
Total Contributions $27,572,485
   Program Service Revenue $5,251,104
Total Primary Revenue $32,823,589
   Other Revenue $905,605
TOTAL REVENUE $33,729,194
   
EXPENSES  
   Program Expenses $20,580,081
   Administrative Expenses $5,596,887
   Fundraising Expenses $1,753,468
TOTAL FUNCTIONAL EXPENSES $27,930,436
   
Payments to Affiliates $0
Excess (or Deficit) for the year $5,798,758
   
Net Assets $85,459,274

Program names and associated costs are listed for the top programs as reported on the charity's most recently filed Form 990. The top programs displayed will include the largest three programs, or those programs covering at least 60% of the charity's total expenses, whichever comes first.

Program Name Amount Spent % of Program Expenses
Global Learning X Prize $1,942,488 9.4%
Google Lunar X Prize $1,888,711 9.2%
NRG Cosia Carbon X Prize $1,613,960 7.8%

Ratings History

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2016-12 05/01/2018 88.71 three stars
2015-12 04/01/2017 86.89 three stars
2014-12 06/01/2016 86.54 three stars
 
CN 2.0
2013-12 07/01/2015 88.96 three stars
2012-12 04/01/2014 88.32 three stars
2011-12 06/01/2013 92.35 four stars
2010-12 04/01/2012 86.30 three stars
2009-12 09/20/2011 82.15 three stars
 
CN 1.0
2009-12 06/01/2011 74.25 two stars
2008-12 08/01/2010 91.72 four stars
2007-12 07/01/2009 87.09 three stars
2006-12 07/01/2008 95.81 four stars
2005-12 02/01/2008 92.53 four stars
2004-12 05/01/2006 84.62 three stars
2003-12 09/01/2005 88.62 three stars

The data displayed on this tab is provided by the IRS in the form of Publication 78 and the Business Master File (BMF).

EIN 52-1876879
Name in IRS Master File X PRIZE FOUNDATION INC
NTEE Code W70
NTEE Classification Leadership Development
NTEE Type Public, Society Benefit - Multipurpose and Other
Classification Charitable Organization
Subsection 501(c)(3)  (View the list of codes)
Activities (995) Described in section 509(a)(2) of the Code
(914) Achievement pries of awards
(927) Fundraising
Foundation Status Organization which receives a substantial part of its support from a governmental unit or the general public   170(b)(1)(A)(vi)
Deductibility Contributions are deductible
Affiliation Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Group Name [Not Applicable]
Ruling Date June, 1999
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End December
IRS Forms 990
(provided courtesy of Foundation Center)
(Log In or Register Now to View Forms 990!)
  • December, 2016
  • December, 2015
  • December, 2014
  • December, 2013
  • December, 2012

The data displayed in this profile is provided by the IRS for free in the form of Publication 78 and the Business Master File (BMF).

Compensation % of Expenses Paid to Title
$383,730 1.37% Marcus Shingles CEO
Other Salaries of Note
$403,798 1.44% Robert K. Weiss President
$267,211 0.95% Peter H. Diamandis Founder, Chairman

Highly Rated

Charity Name & State Overall Score Overall Rating
XPRIZE Foundation (CA) 88.71 three stars
American Association for the Advancement of Science (DC) 88.83 three stars
Mote Marine Laboratory (FL) 89.83 three stars
Bigelow Laboratory for Ocean Sciences (ME) 96.66 four stars
Botanical Research Institute of Texas (TX) 88.36 three stars

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Charity Contact Info

XPRIZE Foundation
800 Corporate Pointe
Suite 350
Culver City, CA 90230
tel: (310) 741-4880
fax: (310) 741-4974
EIN: 52-1876879

Visit Web Site

Board Leadership

Peter H. Diamandis
Founder and Executive Chairman

CEO

Peter H. Diamandis
Executive Chairman and Acting CEO

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