Civic Intelligence

Prometheus Science Bowl Inc.

EIN 87-4788393 • 501(c)3 • Pleasanton, CA

Pub. 78 Eligible990-N Coverage

Profile

Prometheus aims to increase scientific learning by expanding the reach of science bowl and encouraging more competition. Prometheus also aims to introduce talented high schoolers to existential risks and encourage them to use their talents to make a larger impact on the world.

1265 Royal Creek CtPleasanton, CA 94566

prometheus.science

Siviq Scores

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

Liabilities / Assets

59th percentile

0.00x

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

501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

61st percentile

0.00x

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

501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

88th percentile

44%

Higher net margin than 88% of similar nonprofits.

501(c)3 • <$500k 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

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2022

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2022

Balance Sheet
Liabilities / Assets59th percentile

Assets

$88,262

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Net Assets

$88,262

No earlier filing loaded for comparison.

Operations
Liabilities / Revenue61st percentileNet Margin88th percentile

Revenue

$202,000

No earlier filing loaded for comparison.

Expenses

$113,738

No earlier filing loaded for comparison.

Net Income

$88,262

No earlier filing loaded for comparison.

Trend Graphs

Balance Sheet Trend

Asset GrowthScore unavailable

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

$100K$50K$0Assets 2022: $88,262Liabilities 2022: $0Net Assets 2022: $88,2622022

Highlighted filing

2022

Assets$88,262
Liabilities$0
Net Assets$88,262
Open 2022 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$300K$200K$100K$0Revenue 2022: $202,000Expenses 2022: $113,738Net Income 2022: $88,2622022

Highlighted filing

2022

Revenue$202,000
Expenses$113,738
Net Income$88,262
Open 2022 Filing

Filings

Most recent year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$88,262
Liabilities
$0
Net assets
$88,262
Revenue
$202,000
Expenses
$113,738
Net income
$88,262
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Detailed filing. Detailed filing data is available for this year.$0.88$0.00$0.88$2.02$1.14$0.88
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
May 14, 2023
Return Version
2022v5.0
Gross Receipts
$202,000
Mission and Program Overview

Mission

Prometheus aims to increase scientific learning by expanding the reach of science bowl and encouraging more competition. Prometheus also aims to introduce talented high schoolers to existential risks and encourage them to use their talents to make a larger impact on the world.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$0$88,262▲ $88,262
Rtn Earn Endowment Incm Other Fnds$0$88,262▲ $88,262
Cash and Non-Interest-Bearing Accounts$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0--
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$0$88,262▲ $88,262
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0--
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$0$88,262▲ $88,262
Total Liabilities and Net Assets / Fund Balance$0$88,262▲ $88,262
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseTotal
Patrick BennettBoard MemberPT$4,080$4,080
Luke BousfieldTechnical DirectorPT$3,000$3,000

Board Members and Trustees

NameTitle
Peter BennettPresident
Devansh PandeyBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$202,000
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$0
Change in Net Assets
$88,262
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$52,505
Salaries, Compensation, and Employee Benefits$47,469
Other Expenses$13,764
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$52,505--$52,505
Other Salaries and Wages$40,389--$40,389
Current Officers, Directors, Trustees, and Key Employees$7,080--$7,080
Advertising$1,857--$1,857
Other Expenses$1,793$0$0$1,793
Fees for Services Other$1,579--$1,579
Office Expenses$1,451--$1,451
Total Functional Expenses$113,738$0$0$113,738
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
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

“Two co-founders and board members, Peter and Patrick Bennett, are brothers.”

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

“This form was individually sent to each of the members of the board for review.”

Form 990, Part VI, Section C, Line 19

“These documents are not publicly displayed but are available upon request. The email address for that request is prominently displayed on the Prometheus website and our website contains a form that can be used to contact the board.”

Filing and Contact Details

Filer

Filer Name
Prometheus Science Bowl Inc
EIN
87-4788393
Phone
9256232329
Address
1265 Royal Creek Ct, Pleasanton, CA 94566

Signing Officer

Name
Peter Bennett
Title
President
Phone
9253530007
Signed
2023-05-14

Organization Details

Principal Officer
Peter Bennett
Formed
2022
Legal Domicile
De
Voting Board Members
3
Independent Board Members
0
Employees
0
Volunteers
0
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 2

“In early 2022, Prometheus hosted a single large tournament to begin its operations. In late 2022, Prometheus began expanding its approach to host a series of smaller tournaments in person and online. These tournaments would be capped off with a final championship tournament similar to the large tournament in early 2022.”

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IRS990/Desc0With our first grant of $85,000, we organized Prometheus 2022, a single large science bowl tournament with 99 teams competing. The tournament offered a prize pool of $28,000, with prizes for the top 16 teams from $500 to $10,000, in order to draw large numbers of competitors and increase the organization's legitimacy. We used this funding primarily to pay staff, including a team of 19 question writers and several dozen tournament day staff who managed Zoom logistics and moderated individual matches. The tournament ran over the course of March 26-27, with seven rounds of round-robin matches on the 26th and a nine-round double elimination bracket on the 27th. This was the largest single science bowl tournament ever run, since the National Science Bowl finals has never gone above 70 teams competing and no online or in-person invitational has had more than 50 teams. The tournament was also an enormous success; of the 180 feedback responses we received, only 4 had a slightly negative opinion of it, with the lowest rating we received being a 3 out of 7. Multiple participants said they believed it was the best tournament ever run and would be extremely excited to participate again. The tournament was also very successful in introducing participants to longtermism, its new question category; 58% of feedback form responses indicated they would be interested in receiving more information and resources to learn about the topic.
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IRS990/MissionDesc0Prometheus aims to increase scientific learning by expanding the reach of science bowl and encouraging more competition. Prometheus also aims to introduce talented high schoolers to existential risks and encourage them to use their talents to make a larger impact on the world.
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IRS990/ProgSrvcAccomActy2Grp/Desc0In the summer of 2022, Prometheus organized ELK, a contest encouraging primarily high schoolers and college students to learn about the field of AI alignment and the problem of Eliciting Latent Knowledge. The contest was modeled after a successful contest of the same name recently organized by the Alignment Research Center, or ARC. The problem participants were intended to solve occurs when artificial intelligence optimizes for outputs matching what a human would put out, rather than producing what it actually knows according to a certain metric. For the contest, participants submitted proposals for new strategies that could solve this problem or extending previous strategies to cover counterexamples that had been posed to contradict them. At the beginning of the competition period, Prometheus provided various documents with instructions and technical guidance for participants, and used various methods to conduct outreach for participants. Prometheus received nine submissions for the contest, seven of which received prizes ranging from $500 to $5,000 per participant for a total prize pool of $25,000.
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IRS990/ProgSrvcAccomActy3Grp/Desc0At the end of 2022, Prometheus began organizing Ignis, a series of online and in-person science bowl tournaments run on a single set of questions. These tournaments were eventually held in northern California, Texas, New York, and Wisconsin, with planned but failed tournaments in Maryland and southern California. With 142 teams from across the country, this was the largest science bowl effort ever outside of the National Science Bowl, an established organization run by the US Department of Energy that created the competition itself.
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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt010000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0Grant for use in founding Cavendish Labs, a nonprofit research organization primarily focused on AI safety and pandemic prevention.

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