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EIN 27-1456655

Prometheus Foundation

IRS 501(c) type
501(c)(3)
Num. employees
1
City
Crystal Bay
State
Nevada
Year formed
2010
Most recent tax filings
2022-12-01
NTEE code, primary
T20: Private Foundations
Description
The Prometheus Foundation is a private foundation that advances Ayn Rand and her philosophy. It does this by finding and funding organizations that promote her ideas. Last year it made 25 grants, including one to Glen Allen Press LLC. It is located in Crystal Bay, NV.
Total revenues
$5,735,712
2022
Total expenses
$5,056,281
2022
Total assets
$57,040,859
2022
Num. employees
1
2022

Program areas at Prometheus Foundation

Prometheus Foundation funds organizations and individuals who demonstrate that they can use funds to promote ayn rand and advance objectivism intelligently and effectively. The Foundation has three funding programs: the objectivist venture fund, the scholarships program, and the new intellectuals fund.
Capital losses as a result of investment activity

Grants made by Prometheus Foundation

GranteeGrant descriptionAmount
Students for Liberty (SFL)Education$1,335,983
Objective Standard InstituteEducation$373,000
Goldwater InstituteEducation$225,000
...and 4 more grants made

Personnel at Prometheus Foundation

NameTitleCompensation
Leonard EsmondTreasurer$3,000

Financials for Prometheus Foundation

RevenuesFYE 12/2022
Total grants, contributions, etc.$2,031,750
Investment income and dividends$4,799,952
Net rental income$0
Net gain from sale of non-inventory assets$-1,319,061
Gross sales of inventory$0
Miscellaneous revenues$223,071
Total revenues$5,735,712

Form 990s for Prometheus Foundation

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-14990PFView PDF
2021-122022-11-15990PFView PDF
2020-122021-11-09990PFView PDF
2019-122022-11-04990PFView PDF
2019-122021-06-14990PFView PDF
...and 8 more Form 990s

Organizations like Prometheus Foundation

OrganizationLocationRevenue
Bruce and Deborah Duncan FoundationNaples, FL$1,684,298
Tom J and Edna Mae Carson FoundationFort Smith, AR$1,675,034
Cranaleith FoundationNew York, NY$1,647,139
Trustmark FoundationLake Forest, IL$9,392,063
Kimmel Family FoundationEagle Point, OR$2,616,826
Square One FoundationChicago, IL$9,511,569
Teague Family FoundationAtlanta, GA$2,423,579
Ben and Maytee Fisch FoundationTyler, TX$1,764,000
Nova FoundationEmeryville, CA$2,412,797
ZiizNew York, NY$2,624,363
Data update history
January 18, 2024
Posted financials
Added Form 990PF for fiscal year 2022
December 28, 2023
Used new vendors
Identified 3 new vendors, including , , and
November 25, 2023
Posted financials
Added Form 990PF for fiscal year 2021
June 28, 2023
Posted financials
Added Form 990PF for fiscal year 2020
June 14, 2023
Used new vendors
Identified 1 new vendor, including
Nonprofit Types
Grantmaking organizationsPrivate foundationsPrivate non-operating foundationsCharities
Issues
No issues found
Characteristics
Provides grantsPartially liquidatedState / local levelTax deductible donations
General information
Address
PO Box 1157
Crystal Bay, NV 89402
Metro area
Reno, NV
County
Washoe County, NV
Website URL
prometheusfdn.org/ 
Phone
(775) 831-1384
IRS details
EIN
27-1456655
Fiscal year end
December
Taxreturn type
Form 990-PF
Year formed
2010
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
T20: Private Foundations
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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