Overview
What is X Prize Foundation Inc?
X Prize Foundation Inc is a visionary nonprofit organization based on inspiring technological advancements for human welfare. Through the management of public competitions, they aim to foster innovation and create new industries. Their mission is to bring about radical breakthroughs for the betterment of humanity, inspiring the formation of new markets. XPRIZE designs and oversees initiatives meant to encourage technological development with the potential to positively impact mankind.
Official website here: www.xprize.org
What are the reviews and ratings of this charity?
86% rating from Charity Navigator.
The X Prize Foundation Inc has earned a Three-Star out of Four Star rating, indicating a solid performance in accountability and finance. With an 86% score in this area, the organization demonstrates strong oversight with independent board members and robust policies in place for conflict of interest and whistleblower protections. Their financial health shows a reasonable balance of liabilities to assets and efficiency in fundraising, although the liabilities to assets ratio may raise some concerns.
User feedback reflects a highly positive perception of the foundation's impact and innovation. Reviewers have praised the organization for its commitment to finding solutions and driving results in various industries, particularly highlighting the influence of its knowledgeable board members. The foundation's efforts are seen as inspiring and essential in creating opportunities and advancements in the space and other sectors.
While the overall reception is overwhelmingly positive, some users express a wish for more visibility into the personal impact of the board members and the specific projects funded. Nevertheless, the general sentiment remains that the X Prize Foundation is making significant strides in addressing complex global challenges through innovative solutions.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is X Prize Foundation Inc legitimate?
X Prize Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. X Prize Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $3,274,691
Professional Fundraising Fees: $0
Other Salaries and Wages: $11,248,159
For more financial information, click here
Official website here: www.xprize.org
What is the mission statement of X Prize Foundation Inc?
X Prize Foundation Inc is a non-profit organization that initiates and oversees public competitions to foster technological advancements that have the potential to positively impact humanity. By designing and managing these innovative challenges, X Prize encourages the formation of new industries and invigorates existing markets. The ultimate goal is to bring about radical breakthroughs that can benefit mankind.
Official website here: www.xprize.org
Who is the CEO of X Prize Foundation Inc?
Anousheh Ansari is the CEO of X Prize Foundation Inc The CEO's salary of X Prize Foundation Inc is $897,815 and their total compensation is $933,661.
Official website here: www.xprize.org
What is the revenue of X Prize Foundation Inc?
X Prize Foundation Inc's revenue in 2023 was $31,401,063.
Official website here: www.xprize.org
Who are the executives of X Prize Foundation Inc and what are their salaries?
The average compensation at X Prize Foundation Inc during 2023 was $127,393. There are 114 employees and 18 volunteers at X Prize Foundation Inc.
Here are 32 key members and their salaries (X Prize Foundation Inc's CEO's salary is $897,815 and their total compensation is $933,661):
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- Other: $18,406
- Compensation: $897,815
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- Compensation: $362,081
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- Other: $31,654
- Compensation: $308,000
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- Compensation: $211,152
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- Other: $35,923
- Compensation: $155,634
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- Other: $12,136
- Compensation: $319,275
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- Other: $19,784
- Compensation: $270,671
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- Other: $9,028
- Compensation: $239,836
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- Other: $20,071
- Compensation: $247,822
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- Other: $6,850
- Compensation: $236,142
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- Other: $30,304
- Compensation: $212,267
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- Other: $30,796
Official website here: www.xprize.org
Where can I find the form 990 for X Prize Foundation Inc?
X Prize Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.xprize.org
Learn more at the official website: www.xprize.org
Mission Statement of X Prize Foundation Inc
The X Prize Foundation Inc, headquartered in the United States, is a non-profit organization on a mission to instigate groundbreaking advancements for the betterment of humanity. By orchestrating public competitions, X Prize fosters technological development that holds the potential to positively impact mankind.
X Prize's primary objective is to design and manage innovative challenges that inspire individuals and teams from around the world to push the boundaries of science and technology. These competitions aim to address various societal needs and spur the formation of new industries, as well as revitalize existing markets.
In action, X Prize serves as a catalyst for change, orchestrating events that challenge participants to develop solutions to some of the world's most pressing issues. These competitions often involve significant prize money, which incentivizes individuals and teams to invest their time, resources, and expertise into creating innovative technologies. The organization's approach fosters a spirit of collaboration and innovation, with competitors often sharing knowledge and resources to better the chances of success for all involved.
In summary, the X Prize Foundation Inc is a trailblazing non-profit that designs and manages public competitions aimed at encouraging technological development for the betterment of humanity. Through these competitions, X Prize fosters collaboration, innovation, and the formation of new industries, ultimately leading to radical breakthroughs that address pressing societal needs.
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Impact
October, 2024
X Prize Foundation Inc drives significant innovation and advances in technology aimed at benefiting humanity. By designing and managing public competitions, the organization encourages radical breakthroughs that inspire the formation of new industries and revitalization of existing markets. Its challenges attract innovators from various fields, fostering collaboration and creativity that leads to impactful solutions for pressing global issues. Based in Culver City, California, X Prize catalyzes technological development in areas such as healthcare, environmental sustainability, and space exploration, ultimately transforming ambitious ideas into tangible advancements that enhance quality of life.
This information is meant to be a general summary of X Prize Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $2,756,411
- Gross Receipts: $31,401,063
Assets and Liabilities:
- Total Assets: $77,608,546
- Total Liabilities: $53,008,667
- Net Assets: $24,599,879
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Organization Details
Founding Year
1994
Principal Officer
Michael Birnbach
Website
www.xprize.orgNTEE Category
Code: W70 - Public benefit
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