Civic Intelligence

Prize4Life Inc

EIN 20-5055664 • 501(c)3 • Chicago, IL

Profile

Prize4life, inc.'s mission is to accelerate the discovery of treatments and a cure for als by using powerful incentives to attract new people and drive innovation.

PO Box 578835Chicago, IL 60657

prize4life.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2019

Liabilities / Revenue

61st percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

2nd percentile

-2971%

Higher net margin than 2% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

84th percentile

$0

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

9th percentile

-100%

Faster asset growth than 9% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

5th percentile

-97%

Faster revenue growth than 5% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Down

$0

Down $315,622 (-100%) from 2018

Liabilities

Flat

$0

Flat from 2018

Net Assets

Down

$0

Down $315,622 (-100%) from 2018

Revenue

Down

$59

Down $1,877 (-97%) from 2018

Expenses

Down

$1,812

Down $106,497 (-98%) from 2018

Net Income

Up

-$1,753

Up $104,620 (+98%) from 2018

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$4.0M$3.0M$2.0M$1.0M$0Assets 2010: $3,876,467Liabilities 2010: $25,993Net Assets 2010: $3,850,4742010Assets 2011: $2,838,752Liabilities 2011: $50,562Net Assets 2011: $2,788,1902011Assets 2012: $3,002,974Liabilities 2012: $43,483Net Assets 2012: $2,959,4912012Assets 2013: $2,418,398Liabilities 2013: $58,099Net Assets 2013: $2,360,2992013Assets 2014: $2,040,745Liabilities 2014: $31,822Net Assets 2014: $2,008,9232014Assets 2015: $1,869,593Liabilities 2015: $7,971Net Assets 2015: $1,861,6222015Assets 2016: $1,625,956Liabilities 2016: $27,624Net Assets 2016: $1,598,3322016Assets 2017: $423,968Liabilities 2017: $1,973Net Assets 2017: $421,9952017Assets 2018: $315,622Liabilities 2018: $0Net Assets 2018: $315,6222018Assets 2019: $0Liabilities 2019: $0Net Assets 2019: $02019

Highlighted filing

2019

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0M-$2.0MExpenses 2010: $1,873,4152010Expenses 2011: $2,132,4652011Expenses 2012: $1,142,3252012Revenue 2013: $493,031Expenses 2013: $1,004,470Net Income 2013: -$511,4392013Revenue 2014: $286,376Expenses 2014: $637,752Net Income 2014: -$351,3762014Revenue 2015: $274,169Expenses 2015: $421,470Net Income 2015: -$147,3012015Revenue 2016: $132,478Expenses 2016: $395,768Net Income 2016: -$263,2902016Revenue 2017: $60,603Expenses 2017: $1,236,940Net Income 2017: -$1,176,3372017Revenue 2018: $1,936Expenses 2018: $108,309Net Income 2018: -$106,3732018Revenue 2019: $59Expenses 2019: $1,812Net Income 2019: -$1,7532019

Highlighted filing

2019

Revenue$59
Expenses$1,812
Net Income-$1,753

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Sep 30, 2019
Signed
Mar 12, 2020
Return Version
2019v5.0
Gross Receipts
$59
Mission and Program Overview

Mission

Prize4life, inc.'s mission is to accelerate the discovery of treatments and a cure for als by using powerful incentives to attract new people and drive innovation.

To accelerate discovery of treatments and a cure for als.

Program Services

DescriptionGrantsExpenses
PRIZE4LIFE IS AN INNOVATIVE "RESULTS-BASED NOT-FOR-PROFIT ORGANIZATION WHOSE MISSION IS TO ACCELERATE THE DISCOVERY OF TREATMENTS AND A CURE FOR AMYOTROPHIC LATERAL SCLEROSIS (ALS), A PROGRESSIVE NEURODEGENERATIVE DISEASE, BY USING POWERFUL INCENTIVES TO ATTRACT NEW PEOPLE AND DRIVE INNOVATION. ON MAY 30, 2018, THE BOARD OF DIRECTORS VOTED TO DISSOLVE THE ORGANIZATION AFTER 11+ YEARS OF OPERATION, THE AWARDING OF TWO, $1M PRIZES AND $125K IN ADDITIONAL SMALLER PRIZES AND THE SUCCESSFUL LAUNCH OF SEVERAL TOOLS AND PROGRAMS TO SUPPORT THE ALS RESEARCH COMMUNITY. UPON A STRATEGIC REVIEW OF THE ALS LANDSCAPE IN LATE 2017/EARLY 2018, IT WAS DETERMINED THAT THE THE ALS ASSOCIATION WAS SUCCESSFULLY OPERATING A RESEARCH FUNDING PROGRAM THAT TARGETED THE BIGGEST GAP IN THE DRUG DISCOVERY PROCESS. THE BOARD ASSESSED THAT THE REMAINING PRIZE4LIFE FUNDS COULD BE MOST EFFICIENTLY PUT TO USE VIA THIS PROGRAM. THE MAJORITY OF THE ORGANIZATION'S TOTAL EXPENSES IN 2018 WERE USED TO ADMINISTER THE DISSOLUTION PROCESS WITH THE STATE OF MASSACHUSETTS AND WIND DOWN OPERATIONS$0$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
AMY JENKINSDirector-$0--
GUY YAMENDirector-$0--
ILANA GOLANDirector-$0--
SCOTT GREENBERGDirector-$0--
REBECCA SANSOTERRAChair-$0--
ANDREA MARANOTreasurer-$0--
Filing and Contact Details

Filer

Filer Name
Prize4life Inc
EIN
20-5055664
Phone
6175454882
Address
PO BOX 578835, CHICAGO, IL 60657

Signing Officer

Name
Rebecca Sansoterra
Title
Board Chair
Phone
6175454882
Signed
2020-03-12
Discuss with paid preparer
Yes

Preparer

Firm
Kevin P Martin & Associates Pc
Address
10 FORBES WEST, BRAINTREE, MA 02184
Preparer
Jolanta Tuck CPA
Phone
7813803520
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 4 - Other Investment Income

Description: interest income. Amount: 59.

Form 990-ez, Part I, Line 16 - Other Expenses

Description: office expenses. Amount: 508.

Form 990-ez, Part I, Line 20 - Other Changes in Net Assets

Description: distribution to als association ma chapter, as part of dissolution. Amount: -313,869.

Raw XML Appendix187 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
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