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EIN 52-1876879

X Prize Foundation

IRS 501(c) type
501(c)(3)
Num. employees
114
City
Culver City
State
California
Year formed
1994
Most recent tax filings
2023-12-01
NTEE code, primary
U40: Engineering and Technology Research, Services
Description
XPRIZE is a non-profit organization that designs and manages public competitions intended to encourage technological development that could benefit mankind.
Also known as...
Xprize
Total revenues
$31,401,063
2023
Total expenses
$26,464,138
2023
Total assets
$151,641,597
2023
Num. employees
114
2023

Program areas at X Prize Foundation

X 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 & human potential, energy & resources; space & new frontiers; civil society; health & wellness; planet & environment; and shelter & infrastructure. 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.

Who funds X Prize Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Musk FoundationSupport Technological Development for Carbon Removal$54,000,000
Opencovidscreen FoundationXprize Foundation Grant for Rapid Covid Testing Competition$4,250,000
Fidelity Investments Charitable Gift FundFor Grant Recipient's Exempt Purposes$483,020
...and 8 more grants received

Financials for X Prize Foundation

RevenuesFYE 12/2023
Total grants, contributions, etc.$28,438,232
Program services$0
Investment income and dividends$2,756,411
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$206,420
Total revenues$31,401,063
Data update history
February 24, 2025
Updated personnel
Identified 47 new personnel
January 12, 2025
Posted financials
Added Form 990 for fiscal year 2023
January 10, 2025
Updated personnel
Identified 6 new personnel
January 4, 2025
Used new vendors
Identified 3 new vendors, including , , and
January 3, 2025
Received grants
Identified 6 new grant, including a grant for $54,000,000 from Musk Foundation
Nonprofit Types
Grantmaking organizationsResearch centersCharities
Issues
Science and technology
Characteristics
Conducts researchLobbyingTax deductible donations
General information
Address
10736 Jefferson Blvd Suite 406
Culver City, CA 90230
Metro area
Los Angeles-Long Beach-Anaheim, CA
County
Los Angeles County, CA
Phone
(310) 741-4880
Facebook page
XPRIZE 
Twitter profile
@xprize 
IRS details
EIN
52-1876879
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1994
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
U40: Engineering and Technology Research, Services
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
California AB-488 details
AB 488 status
May Operate or Solicit for Charitable Purposes
Charity Registration status
Current
FTB status revoked
Not revoked
AG Registration Number
123742
FTB Entity ID
2671342
AB 488 data last updated ("as-of") date
2025-07-02
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