Civic Intelligence

X Prize Foundation Inc

EIN 52-1876879 • 501(c)3 • Culver City, CA

Profile

To bring about radical breakthroughs for the benefits of humanity, thereby inspiring the formation of new industries and the revitalization of markets

10736 Jefferson Blvd Suite 406Culver City, CA 90230

www.xprize.org

Siviq Scores

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

Liabilities / Assets

83rd percentile

0.79x

Higher debt load relative to assets than 83% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Liabilities / Revenue

85th percentile

2.44x

Higher debt load relative to revenue than 85% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Net Margin

23rd percentile

-3.4%

Higher net margin than 23% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Top Officer Pay

79th percentile

$1,053,620

Higher top officer pay than 79% of similar nonprofits.

Top officer pay equals 2.2% of source-year revenue.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Asset Growth

15th percentile

-3.4%

Faster asset growth than 15% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Revenue Growth

90th percentile

51%

Faster revenue growth than 90% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Assets

Down

$146,450,974

Down $5,190,623 (-3.4%) from 2023

Liabilities

Down

$116,001,952

Down $4,631,744 (-3.8%) from 2023

Net Assets

Down

$30,449,022

Down $558,879 (-1.8%) from 2023

Revenue

Up

$47,528,889

Up $16,127,826 (+51%) from 2023

Expenses

Up

$49,132,340

Up $22,668,202 (+86%) from 2023

Net Income

Down

-$1,603,451

Down $6,540,376 (-132%) from 2023

Trend Graphs

Balance Sheet Trend

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

$200M$150M$100M$50M$0Assets 2011: $33,777,798Liabilities 2011: $5,227,040Net Assets 2011: $28,550,7582011Assets 2012: $49,168,542Liabilities 2012: $5,993,435Net Assets 2012: $43,175,1072012Assets 2013: $64,456,933Liabilities 2013: $22,994,600Net Assets 2013: $41,462,3332013Assets 2014: $81,994,453Liabilities 2014: $25,243,116Net Assets 2014: $56,751,3372014Assets 2015: $109,913,251Liabilities 2015: $29,996,312Net Assets 2015: $79,916,9392015Assets 2016: $118,011,416Liabilities 2016: $32,552,142Net Assets 2016: $85,459,2742016Assets 2017: $118,391,755Liabilities 2017: $41,443,323Net Assets 2017: $76,948,4322017Assets 2018: $91,242,507Liabilities 2018: $37,850,200Net Assets 2018: $53,392,3072018Assets 2019: $57,761,215Liabilities 2019: $19,270,315Net Assets 2019: $38,490,9002019Assets 2020: $73,945,038Liabilities 2020: $36,868,538Net Assets 2020: $37,076,5002020Assets 2021: $103,691,143Liabilities 2021: $71,042,801Net Assets 2021: $32,648,3422021Assets 2022: $77,608,546Liabilities 2022: $53,008,667Net Assets 2022: $24,599,8792022Assets 2023: $151,641,597Liabilities 2023: $120,633,696Net Assets 2023: $31,007,9012023Assets 2024: $146,450,974Liabilities 2024: $116,001,952Net Assets 2024: $30,449,0222024

Highlighted filing

2024

Assets$146,450,974
Liabilities$116,001,952
Net Assets$30,449,022

Operations Trend

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

$60M$40M$20M$0-$20M-$40MRevenue 2011: $31,321,262Expenses 2011: $17,065,987Net Income 2011: $14,255,2752011Expenses 2012: $15,827,8632012Revenue 2013: $22,265,443Expenses 2013: $23,978,217Net Income 2013: -$1,712,7742013Revenue 2014: $39,439,182Expenses 2014: $24,150,178Net Income 2014: $15,289,0042014Revenue 2015: $51,199,386Expenses 2015: $28,033,784Net Income 2015: $23,165,6022015Revenue 2016: $33,729,194Expenses 2016: $27,930,436Net Income 2016: $5,798,7582016Revenue 2017: $27,705,112Expenses 2017: $36,428,638Net Income 2017: -$8,723,5262017Revenue 2018: $16,989,918Expenses 2018: $38,480,616Net Income 2018: -$21,490,6982018Revenue 2019: $18,343,433Expenses 2019: $33,244,778Net Income 2019: -$14,901,3452019Revenue 2020: $24,207,747Expenses 2020: $25,622,100Net Income 2020: -$1,414,3532020Revenue 2021: $19,767,291Expenses 2021: $23,441,589Net Income 2021: -$3,674,2982021Revenue 2022: $18,395,520Expenses 2022: $24,221,912Net Income 2022: -$5,826,3922022Revenue 2023: $31,401,063Expenses 2023: $26,464,138Net Income 2023: $4,936,9252023Revenue 2024: $47,528,889Expenses 2024: $49,132,340Net Income 2024: -$1,603,4512024

Highlighted filing

2024

Revenue$47,528,889
Expenses$49,132,340
Net Income-$1,603,451

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$146$116$30.4$47.5$49.1$1.60
2023Detailed filing. Detailed filing data is available for this year.$152$121$31.0$31.4$26.5$4.94
2022Detailed filing. Detailed filing data is available for this year.$77.6$53.0$24.6$18.4$24.2$5.83
2021Detailed filing. Detailed filing data is available for this year.$104$71.0$32.6$19.8$23.4$3.67
2020Detailed filing. Detailed filing data is available for this year.$73.9$36.9$37.1$24.2$25.6$1.41
2019Detailed filing. Detailed filing data is available for this year.$57.8$19.3$38.5$18.3$33.2$14.9
2018Detailed filing. Detailed filing data is available for this year.$91.2$37.9$53.4$17.0$38.5$21.5
2017Detailed filing. Detailed filing data is available for this year.$118$41.4$76.9$27.7$36.4$8.72
2016Detailed filing. Detailed filing data is available for this year.$118$32.6$85.5$33.7$27.9$5.80
2015Detailed filing. Detailed filing data is available for this year.$110$30.0$79.9$51.2$28.0$23.2
2014Detailed filing. Detailed filing data is available for this year.$82.0$25.2$56.8$39.4$24.2$15.3
2013Detailed filing. Detailed filing data is available for this year.$64.5$23.0$41.5$22.3$24.0$1.71
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$49.2$5.99$43.2$15.8
2011Summary only. Only limited summary data is available for this year.$33.8$5.23$28.6$31.3$17.1$14.3
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 17, 2025
Return Version
2024v5.2
Gross Receipts
$94,595,700
Mission and Program Overview

Mission

To bring about radical breakthroughs for the benefits of humanity, thereby inspiring the formation of new industries and the revitalization of markets

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$108,912,629$79,981,250▼ $28,931,379
Cash and Non-Interest-Bearing Accounts$37,911,303$57,752,800▲ $19,841,497
Savings and Temporary Cash Investments$3,658,819$7,684,494▲ $4,025,675
Accounts Receivable$626,233$773,108▲ $146,875
Pledges and Grants Receivable$301,979--
Prepaid Expenses and Deferred Charges$96,774$149,607▲ $52,833
Land, Buildings, and Equipment, Net$115,931$91,786▼ $24,145
Intangible Assets$8,389$8,389→ $0
Total Assets$151,641,597$146,450,974▼ $5,190,623
Other Assets Total$9,540$9,540→ $0
Liabilities
Other Liabilities$92,995,228$97,162,302▲ $4,167,074
Deferred Revenue$25,542,301$16,431,839▼ $9,110,462
Accounts Payable and Accrued Expenses$2,096,167$2,407,811▲ $311,644
Total Liabilities$120,633,696$116,001,952▼ $4,631,744
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$16,249,000$17,631,000▲ $1,382,000
Net Assets With Donor Restrictions$14,758,901$12,818,022▼ $1,940,879
Total Net Assets Fund Balance$31,007,901$30,449,022▼ $558,879
Total Liabilities and Net Assets / Fund Balance$151,641,597$146,450,974▼ $5,190,623

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$91,786$332,754$424,540
Other Securities$79,981,250--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Anousheh AnsariChief Executive OfficerFT$600,258$453,362$1,053,620
Steele FordChief Advancement OfficerFT$378,432$57,181$435,613
James MainardChief Technology OfficerFT$327,933$74,587$402,520
Andrew TauhertChief Impact OfficerFT$293,262$53,954$347,216
Kathryn MandatoChief People OfficerFT$278,048$57,191$335,239
Jamie JusticeEvp, HealthFT$266,216$55,709$321,925
Peter HoulihanEvp, Biodiversity and ConservationFT$269,945$46,604$316,549
Ose UgochukwuGeneral CounselFT$263,111$39,389$302,500
Michael BirnbachChief Financial OfficerFT$238,234$64,221$302,455
Elaine HungenbergSVP, Partnerships and ImpactFT$253,316$48,842$302,158
Peter DiamandisFounder & ChairmanFT$252,482$43,569$296,051
Alexander NicholasEvp, Learning and SocietyFT$236,943$32,252$269,195
Lauren GreenleeEvp, Food Water WasteFT$248,206$10,030$258,236
Jennifer HaslipChief Marketing OfficerFT$177,173$24,068$201,241

Board Members and Trustees

NameTitle
Robert WeissVice Chairman
Amir AnsariBoard Member
Anu JainBoard Member
David BlundinBoard Member
Don WalkerBoard Member
Eric EsrailianBoard Member
Gil ElbazBoard Member
James GianopulosBoard Member
Jeffrey ShamesBoard Member
John FrankBoard Member
Kelly Vlahakis-hanksBoard Member
Laetitia Garriott De CayeuxBoard Member
Lauren SeligBoard Member
Mark SiegelBoard Member
Salim IsmailBoard Member
Vanessa SpeerBoard Member
Helene DesmaraisBoard Member Untill 04/1
Gregg MaryniakSecretary

Highest Paid Contractors

ContractorServicesLocationCompensation
JjlaEvents3780 WILSHIRE BLVD SUITE 601, Los Angeles, CA 90010$612,763
Tpr Enterprises LLCTesting Validation909 LOCUST ST SUITE 202, Des Moines, IA 50309$533,520
Vox Media LLCProduction Services1701 RHODE ISLAND AVE NW, Washington, DC 20036$255,000
Dalradia LLCConsulting78 E PIERSON ST, Phoenix, AZ 85012$165,000
Temperate StrategiesConsultingPO BOX 371, Lookout Mountain, TN 37350$162,871
Revenue and Support

Revenue Composition

Contributions and Grants
$41,198,091
Program Service Revenue
$0
Investment Income
$6,330,298
Other Revenue
$500
All Other Contributions
$41,198,091
Change in Net Assets
$-1,603,451
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$29,640,269
Salaries, Compensation, and Employee Benefits$19,492,071
Total Fundraising Expense$6,790,764
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$8,394,137$1,621,206$3,270,267$13,285,610
Current Officers, Directors, Trustees, and Key Employees$2,310,625$462,401$903,429$3,676,455
Travel$2,420,805$298,976$436,965$3,156,746
Other Expenses$680,945$1,205,902$377,969$2,264,816
Fees for Services Other$1,137,118$305,544$241,179$1,683,841
Other Employee Benefits$680,820$201,218$279,216$1,161,254
Payroll Taxes$666,635$197,025$273,398$1,137,058
Information Technology$500,456$74,970$227,688$803,114
Office Expenses$234,207$51,721$85,388$371,316
Fees for Services Legal$192,759$106,018$28,173$326,950
All Other Expenses$192,261$42,457$70,095$304,813
Occupancy$163,219$23,031$55,074$241,324
Pension Plan Contributions$135,838$40,147$55,709$231,694
Fees for Services Accounting$66,498$36,574$9,719$112,791
Conferences and Meetings$53,710$11,861$19,582$85,153
Depreciation Depletion$49,777$6,969$17,920$74,666
Total Functional Expenses$37,522,559$4,819,017$6,790,764$49,132,340
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Prize Purses$97,162,302
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

Board members anousheh & amir ansari have a family relationship.

Form 990, Part VI, Section B, Line 11B

Form 990 is reviewed by internal management, the board of directors, and the finance committee of the board of trustees in conjunction with outside tax preparers.

Form 990, Part VI, Section B, Line 12C

The conflict of interest policy is distributed and discussed with the entire board during one of its regular meetings. Any potential issues are immediately brought to board attention to be resolved. The board of directors is responsible (finance committee) for enforcing conflict of interest issues.

Form 990, Part VI, Section B, Line 15

The organization's board evaluates the ceo's compensation annually and the board votes and approves her compensation. For any other officers or key employees, the organization ensures everyone is being paid fairly with an internal review process.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
X Prize Foundation Inc
EIN
52-1876879
Phone
3107414880
Address
10736 JEFFERSON BLVD SUITE 406, CULVER CITY, CA 90230

Signing Officer

Name
Michael Birnbach
Title
Chief Financial Officer
Phone
3107414880
Signed
2025-11-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Birnbach
Formed
1994
Legal Domicile
CA
Voting Board Members
17
Independent Board Members
17
Employees
122
Volunteers
17

Preparer

Firm
Cohnreznick Advisory LLC
Address
621 CAPITOL MALL SUITE 2150, SACRAMENTO, CA 95814
Preparer
Lori Rothe Yokobosky
Phone
9164429100
Supplemental Narrative

Additional Explanations

FORM 990, PART III, LINE 1, DESCRIPTION OF ORGANIZATION MISSION:

The x prize foundation is an education non-profit that strives to bring about creative solutions to the grandest challenges facing humanity in the areas of space exploration, education, human health, global entrepreneurship, energy and transportation. The foundation applies an equal degree of diligence and care in developing and managing prize-incentive competitions in those areas where technological innovation is stagnant or regulatory and market forces present extraordinary obstacles. The foundation's underlying mission is to bring about radical breakthroughs for the benefit of humanity. A critical aspect of each competition will be an overall education campaign and dissemination of scientific information that is generated by the competition, which will be published online, and in treatise, thesis, trade publication, or in any other form available to the interested public. The organization will ensure that the competitions are widely-publicized and the scientific results of each competition are disseminated broadly. The success of each competition hinges on this publicity.

Financial Statement Notes

PART X, LINE 2:

The foundation is a not-for profit organization that is exempt from income taxes under section 501(c)(3) of the internal revenue code and section 23701(d) of the revenue and taxation code of the state of california and is not required to file a tax return. Accordingly, no provision for income taxes is included in the accompanying consolidated financial statements. The foundation has no unrecognized tax benefits at december 31, 2024. The foundation's federal income tax returns for fiscal years 2023, 2022 and 2021 remain open. The foundation's state income tax returns for fiscal years 2023, 2022, 2021 and 2020 remain open. Management continually evaluates expiring statutes of limitations, audits, proposed settlements, changes in tax law and new authoritative rulings. If applicable, the foundation recognizes interest and penalties associated with tax matters as part of income tax expense and includes accrued interest and penalties with accounts payable and accrued expenses in the consolidated statement of financial position. Management has analyzed the tax positions taken by the foundation and has concluded that, as of december 31, 2024 there are no uncertain tax positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the consolidated financial statements. The foundation is subject to income taxes on any net income that is derived from trade or business, regularly carried on and not in the furtherance of the purposes for which it was granted exemption. The foundation receives various corporate sponsorships, which it carefully evaluates as to whether the income is subject to unrelated business income tax. The foundation was not subject to any unrelated business income tax for the year ended december 31, 2024.

Raw XML AppendixShowing 400 of 949 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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IRS990/Desc0X PRIZE FOUNDATION, INC. ("X PRIZE") IS A NOT-FOR-PROFIT 501(C)(3) DELAWARE CORPORATION FOSTERING AND SPONSORING COMPETITION TO CREATE INNOVATIVE BREAKTHROUGHS FOR THE BENEFIT OF HUMANITY. THE FOUNDATION CONDUCTS COMPETITIONS IN SEVEN PRIZE GROUPS: LEARNING AND SOCIETY, CLIMATE AND ENERGY, FOOD WATER WASTE, HEALTH, DEEP TECH AND QUANTUM, SPACE AND EXPLORATION, BIODIVERSITY AND CONSERVATION. THE FOUNDATION PROVIDES AND OPERATES EDUCATION AND OUTREACH PROGRAMS RELATED TO ITS MISSION. THESE ACTIVITIES CONSIST OF SPEECHES, VISUAL PRESENTATIONS AND EDUCATIONAL MATERIALS IN PARTNERSHIP WITH KEY ACADEMIC INSTITUTIONS, AS WELL AS RESEARCH AND PUBLICATION OF INFORMATION IN THE GENERAL PUBLIC INTEREST.
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IRS990/Form990PartVIISectionAGrp/TitleTxt21CHIEF TECHNOLOGY OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt22CHIEF MARKETING OFFICER
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IRS990/Form990PartVIISectionAGrp/TitleTxt24CHIEF FINANCIAL OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt25GENERAL COUNSEL
IRS990/Form990PartVIISectionAGrp/TitleTxt26CHIEF ADVANCEMENT OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt27EVP, LEARNING AND SOCIETY
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