Civic Intelligence

Parallax Futures

EIN 87-1988727 • 501(c)3 • Berkeley, CA

Profile

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.

2225 Fifth StreetBerkeley, CA 94710

www.parallaxfutures.org

Siviq Scores

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

Liabilities / Assets

79th percentile

0.40x

Higher debt load relative to assets than 79% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

56th percentile

0.12x

Higher debt load relative to revenue than 56% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

68th percentile

16%

Higher net margin than 68% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

99th percentile

763%

Faster asset growth than 99% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

99th percentile

586%

Faster revenue growth than 99% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Up

$1,338,063

Up $1,183,037 (+763%) from 2021

Liabilities

Up

$539,404

Up $474,184 (+727%) from 2021

Net Assets

Up

$798,659

Up $708,853 (+789%) from 2021

Revenue

Up

$4,635,385

Up $3,959,559 (+586%) from 2021

Expenses

Up

$3,913,361

Up $3,327,341 (+568%) from 2021

Net Income

Up

$722,024

Up $632,218 (+704%) from 2021

Trend Graphs

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2021: $155,026Liabilities 2021: $65,220Net Assets 2021: $89,8062021Assets 2022: $1,338,063Liabilities 2022: $539,404Net Assets 2022: $798,6592022

Highlighted filing

2022

Assets$1,338,063
Liabilities$539,404
Net Assets$798,659

Operations Trend

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

$6.0M$4.0M$2.0M$0Revenue 2021: $675,826Expenses 2021: $586,020Net Income 2021: $89,8062021Revenue 2022: $4,635,385Expenses 2022: $3,913,361Net Income 2022: $722,0242022

Highlighted filing

2022

Revenue$4,635,385
Expenses$3,913,361
Net Income$722,024

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 14, 2023
Return Version
2022v5.0
Gross Receipts
$4,635,385
Mission and Program Overview

Mission

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$84,666$377,133▲ $292,467
Land, Buildings, and Equipment, Net$50,360$222,719▲ $172,359
Accounts Receivable$20,000$150,000▲ $130,000
Investments Other Securities-$100,000-
Prepaid Expenses and Deferred Charges-$44,638-
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$155,026$1,338,063▲ $1,183,037
Other Assets Total-$443,573-
Liabilities
Other Liabilities-$473,626-
Accounts Payable and Accrued Expenses$65,220$65,778▲ $558
Total Liabilities$65,220$539,404▲ $474,184
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$89,806$747,746▲ $657,940
Net Assets With Donor Restrictions-$50,913-
Total Net Assets Fund Balance$89,806$798,659▲ $708,853
Total Liabilities and Net Assets / Fund Balance$155,026$1,338,063▲ $1,183,037

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$123,489$7,233$130,722
Leasehold Improvements$64,817$7,975$72,792
Equipment$34,413$6,622$41,035
Other Assets Org$443,573--
Closely Held Equity Interests$100,000--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Tobias ReesPresident/CEOFT$368,891$15,180$384,071
Kim CarsonCOO/Sect/TreasFT$301,758$35,076$336,834

Board Members and Trustees

NameTitle
Bettina KamesDirector
Dawn NakagawaDirector
Dmitri MehlhornDirector
Nicolas BerggruenDirector
Reid HoffmanDirector

Highest Paid Contractors

ContractorServicesLocationCompensation
Jonah GerdanProgram consulting164 Meserole St, New York, NY 11206$190,434
Revenue and Support

Revenue Composition

Contributions and Grants
$3,925,385
Program Service Revenue
$710,000
Investment Income
$0
Other Revenue
$0
All Other Contributions
$3,925,385
Change in Net Assets
$722,024

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,635,385
Total Revenue per Audited Statements
$4,635,385
Total Revenue per Form 990
$4,635,385
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,006,493
Other Expenses$1,179,586
Grants and Similar Amounts Paid$727,282
Total Fundraising Expense$333,999
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$474,657$191,120$267,288$933,065
Other Salaries and Wages$675,225$188,471-$863,696
Grants to Domestic Individuals$577,282--$577,282
Travel$194,039$161,627$16,259$371,925
Fees for Services Other$164,295$132,496$9,043$305,834
Occupancy$112,668$35,378$12,548$160,594
Foreign Grants$150,000--$150,000
Payroll Taxes$74,089$26,842$16,337$117,268
Office Expenses$99,678$12,056$2,252$113,986
Other Employee Benefits$55,696$17,468-$73,164
Information Technology$42,827$5,666$974$49,467
Conferences and Meetings$11,077$25,887$1,261$38,225
Fees for Services Accounting-$27,095-$27,095
Depreciation Depletion$14,614$4,624$1,665$20,903
Advertising$7,574$12,798$6$20,378
Pension Plan Contributions$12,924$3,976$2,400$19,300
Other Expenses$6,833$7,114$2,490$16,437
Fees for Services Legal-$12,098-$12,098
Insurance$8,626$2,579$740$11,945
Total Functional Expenses$2,702,607$876,755$333,999$3,913,361

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,913,361
Total Expenses per Audited Statements$3,913,361
Total Expenses per Form 990$3,913,361
International Activity

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating lease liability$473,626
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

A copy of the 990 is forwarded to all board members before final approval.

Form 990, Part VI, Section B, Line 15A

Salary based on NorCal salary survey and benchmarked against salaries from other non-profit organizations. Salary benchmarking and review conducted by independent persons on behalf of funding agencies (ToftH funding in 2021 was entirely comprised of board contributions).

Form 990, Part VI, Section B, Line 15B

Salary based on NorCal salary survey and benchmarked against salaries from other non-profit organizations. Salary benchmarking and review conducted by independent persons on behalf of funding agencies (ToftH funding in 2021 was entirely comprised of board contributions).

Form 990, Part VI, Section C, Line 19

As required by the Nonprofit Integrity Act in California and IRS regulations, certain documents are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Parallax Futures
EIN
87-1988727
Phone
5109266434
Address
2225 Fifth Street, Berkeley, CA 94710

Signing Officer

Name
Kim Carson
Title
COO/Sect/Treas
Signed
2023-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tobias Rees
Formed
2021
Legal Domicile
CA
Voting Board Members
5
Independent Board Members
3
Employees
19
Volunteers
39

Preparer

Firm
Crosby & Kaneda CPAs LLP
Address
548 Market St PMB 97503, San Francisco, CA 94104
Preparer
Felix Gorrindo
Phone
5108352727
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 3

First full year of operations but no new services; expansion of consulting income; wind down of consulting income as of EOY as new wholly owned subsidiary established starting 1/1/23.

Financial Statement Notes

Part X : FIN48 Footnote

The Internal Revenue Service and the California Franchise Tax Board have determined that the Organization is exempt from federal and state income taxes under IRC 501(c)(3) and California RTC 23701(d). The Organization has evaluated its current tax positions as of December 31, 2022 and is not aware of any significant uncertain tax positions for which a reserve would be necessary. The Organizations tax returns are generally subject to examination by federal and state taxing authorities for three and four years, respectively, after they are filed.

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IRS990/Organization501c3Ind0X
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IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt017468
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt055696
IRS990/OtherEmployeeBenefitsGrp/TotalAmt073164
IRS990/OtherExpensesGrp/Desc0Other expenses
IRS990/OtherExpensesGrp/Desc1Dues, license & service fees
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IRS990/OtherExpensesGrp/FundraisingAmt12490
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt09460
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt17114
IRS990/OtherExpensesGrp/ProgramServicesAmt020503
IRS990/OtherExpensesGrp/ProgramServicesAmt16833
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IRS990/OtherExpensesGrp/TotalAmt116437
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IRS990/OtherSalariesAndWagesGrp/TotalAmt0863696
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IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt026842
IRS990/PayrollTaxesGrp/ProgramServicesAmt074089
IRS990/PayrollTaxesGrp/TotalAmt0117268
IRS990/PensionPlanContributionsGrp/FundraisingAmt02400
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt03976
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt012924
IRS990/PensionPlanContributionsGrp/TotalAmt019300
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt044638
IRS990/PrincipalOfficerNm0Tobias Rees
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IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0Training & program fees
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0710000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0710000
IRS990/ProgSrvcAccomActy2Grp/Desc0Research 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.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0761957
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0710000
IRS990/ProgSrvcAccomActy3Grp/Desc0Other programs.
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IRS990/ProhibitedTaxShelterTransInd0false
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IRS990/PYExcessBenefitTransInd0false
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IRS990/PYSalariesCompEmpBnftPaidAmt0292736
IRS990/PYTotalExpensesAmt0586020
IRS990/PYTotalRevenueAmt0675826
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IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0722024
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0true
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IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
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IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
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IRS990ScheduleD/CloselyHeldEquityInterestsGrp/MethodValuationCd0F
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IRS990ScheduleD/EquipmentGrp/DepreciationAmt06622
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt041035
IRS990ScheduleD/ExpensesSubtotalAmt03913361
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt064817
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt07975
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt072792
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0443573
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Operating lease asset - right of use
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0123489
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt07233
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0130722
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0473626
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Operating lease liability
IRS990ScheduleD/RevenueSubtotalAmt04635385
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Internal Revenue Service and the California Franchise Tax Board have determined that the Organization is exempt from federal and state income taxes under IRC 501(c)(3) and California RTC 23701(d). The Organization has evaluated its current tax positions as of December 31, 2022 and is not aware of any significant uncertain tax positions for which a reserve would be necessary. The Organizations tax returns are generally subject to examination by federal and state taxing authorities for three and four years, respectively, after they are filed.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0222719
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0443573
IRS990ScheduleD/TotalBookValueSecuritiesAmt0100000
IRS990ScheduleD/TotalExpensesPerForm990Amt03913361
IRS990ScheduleD/TotalLiabilityAmt0473626
IRS990ScheduleD/TotalRevenuePerForm990Amt04635385
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04635385
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03913361
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0false
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0Yes policy is displayed on the Organization's website.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Line 3 - Racially Nondiscriminatory Policy Publicized
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Line 4 - Explanation of Records and Materials Not Maintained
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2Schedule E, Line 5 - Explanation of Organization Discrimination by Race
IRS990ScheduleF/BoycottCountriesInd0false
IRS990ScheduleF/ForeignCorpOwnershipInd0false
IRS990ScheduleF/ForeignIndividualsGrantsGrp/CashGrantAmt016667
IRS990ScheduleF/ForeignIndividualsGrantsGrp/CashGrantAmt1133333
IRS990ScheduleF/ForeignIndividualsGrantsGrp/MannerOfCashDisbursementTxt0EFT
IRS990ScheduleF/ForeignIndividualsGrantsGrp/MannerOfCashDisbursementTxt1EFT
IRS990ScheduleF/ForeignIndividualsGrantsGrp/RecipientCnt01
IRS990ScheduleF/ForeignIndividualsGrantsGrp/RecipientCnt18
IRS990ScheduleF/ForeignIndividualsGrantsGrp/RegionTxt0East Asia & Pacific
IRS990ScheduleF/ForeignIndividualsGrantsGrp/RegionTxt1Europe
IRS990ScheduleF/ForeignIndividualsGrantsGrp/TypeOfAssistanceTxt0Student stipends
IRS990ScheduleF/ForeignIndividualsGrantsGrp/TypeOfAssistanceTxt1Student stipends
IRS990ScheduleF/ForeignPartnershipInd0false
IRS990ScheduleF/InterestInForeignTrustInd0false
IRS990ScheduleF/PassiveForeignInvestmestCoInd0false
IRS990ScheduleF/TransferToForeignCorpInd0false
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0577282

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