Breakthrough Prize In Life Sciences Foundation
- Assets
- $615.2k
- Revenue
- $10.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 07/2014
- Data as of
- 05/2022
- EIN
- 46-2026488
Organization Overview
Breakthrough Prize In Life Sciences Foundation is located in Washington, DC. The organization was established in 2014. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Breakthrough Prize In Life Sciences Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 05/2022, Breakthrough Prize In Life Sciences Foundation generated $10.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (21.5%) each year. All expenses for the organization totaled $10.3m during the year ending 05/2022. As we would expect to see with falling revenues, expenses have declined by (19.3%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Breakthrough Prize In Life Sciences Foundation has awarded 15 individual grants totaling $33,000,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION AWARDED PRIZES TO SCIENTISTS AND RESEARCHERS WHO DEMONSTRATED EXCELLENCE IN RESEARCH AIMED AT UNDERSTANDING LIVING SYSTEMS, CURING INTRACTABLE DISEASES AND EXTENDING HUMAN LIFE. THE BREAKTHROUGH PRIZES IN LIFE SCIENCES WERE AWARDED TO SIX INDIVIDUALS WHO MADE SIGNIFICANT ACCOMPLISHMENTS IN THESE AREAS.
IN CONJUNCTION WITH THE BREAKTHROUGH PRIZE IN LIFE SCIENCES FOUNDATION, THE BREAKTHROUGH PRIZE FOUNDATION AWARDS PRIZES AT THE ANNUAL PRIZE CEREMONY. THE INTENT OF THE CEREMONY IS TO HELP CREATE AND STIMULATE INTEREST AND DISCOVERIES IN UNDERSTANDING LIVING SYSTEMS AND EXTENDING HUMAN LIFE, AND TO CREATE PUBLIC AWARENESS AND A SENSE OF EXCITEMENT IN THOSE FIELDS. AS A RESULT OF THE COVID-19 PANDEMIC, THE CEREMONY WAS CANCELLED. THE FOUNDATION INCURRED EXPENSES DURING THE FISCAL YEAR ENDING MAY 31, 2022 IN PREPARATION OF THE CEREMONY PRIOR TO CANCELLATION. THE CEREMONY FEATURES CELEBRITY PRESENTATIONS, FILMS, COMEDY, AND LIVE MUSIC FROM MAJOR ARTISTS AND IS AVAILABLE ON CERTAIN MAJOR OUTLETS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Simon Peter Worden Foundation Chairman | 7 | $35,571 | |
Karl Johansson Director | 1 | $15,556 | |
Breck Hancock Director, Treasurer | 1 | $0 | |
Anne Wojcicki Director | 1 | $0 | |
Huda Zoghbi Director, Board Chairman (beg 1/1/22) | 1 | $0 | |
Yuri B Milner Director, President | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Adrenaline Group | 5/30/22 | $120,000 |
Rubenstein Communications | 5/30/22 | $163,215 |
Brass Lab Llc | 5/30/22 | $195,000 |
Centaurus A Holdings | 5/30/22 | $128,334 |
Think Big Group Llc | 5/30/22 | $120,832 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $10,652,650 |
| Interest on Savings | $196 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1 |
| Total Revenue | $10,652,847 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $36,985 |
| Travel, conferences, and meetings | $62,457 |
| Printing and publications | $0 |
| Other expenses | $175 |
| Total operating and administrative expenses | $1,338,973 |
| Contributions, gifts, grants paid | $9,000,000 |
| Total expenses and disbursements | $10,338,973 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $491,819 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $123,411 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $615,230 |
| Accounts payable and accrued expenses | $104,559 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $80,388 |
| Total liabilities | $184,947 |
Grants Awarded
Over the last fiscal year, Breakthrough Prize In Life Sciences Foundation has awarded $9,000,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
JEFFERY W KELLY PURPOSE: 2022 BREAKTHROUGH PRIZE IN LIFE SCIENCES | $3,000,000 |
DREW WEISSMAN PURPOSE: 2022 BREAKTHROUGH PRIZE IN LIFE SCIENCES | $1,500,000 |
KATALIN KARIKO PURPOSE: 2022 BREAKTHROUGH PRIZE IN LIFE SCIENCES | $1,500,000 |
PASCAL MAYER PURPOSE: 2022 BREAKTHROUGH PRIZE IN LIFE SCIENCES | $1,000,000 |
SHANKAR BALASUBRAMANIAN PURPOSE: 2022 BREAKTHROUGH PRIZE IN LIFE SCIENCES | $1,000,000 |
DAVID KLENERMAN PURPOSE: 2022 BREAKTHROUGH PRIZE IN LIFE SCIENCES | $1,000,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Breakthrough Prize In Life Sciences Foundation has recieved totaling $6,894,650.
| Awarding Organization | Amount |
|---|---|
Silicon Valley Community Foundation Mountain View, CA PURPOSE: General Nonprofit Support | $3,000,000 |
Anne Wojcicki Foundation Los Altos, CA PURPOSE: BREAKTHROUGH PRIZE AND GENERAL OPERATING SUPPORT | $1,947,325 |
Sergey Brin Family Foundation San Francisco, CA PURPOSE: BREAKTHROUGH PRIZE AND GENERAL OPERATING SUPPORT | $1,947,325 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bedford Falls Foundation C/O Joanne Barkett Conway Washington, DC | $61,666,880 | $84,617,094 |
The Rosser Foundation A Pure Charitable Trust And Public Charit Hampton, VA | $12,195,900 | $36,359,396 |
Wallace Global Fund Ii Washington, DC | $136,169,792 | $23,961,855 |
De Beaumont Foundation Inc Bethesda, MD | $183,698,152 | $47,357,470 |
Foundation For The Greatest Good Fulton, MD | $11,551,864 | $19,462,876 |
Young Mens Christian Association Of The Chesapeake Inc Easton, MD | $84,208,847 | $28,289,184 |
Laszlo N Tauber Family Foundation Inc North Bethesda, MD | $0 | $1,758,712 |
Breakthrough Prize In Life Sciences Foundation Washington, DC | $615,230 | $10,652,847 |
Manning Family Foundation Charlottesville, VA | $313,144,000 | $17,216,650 |
Nora Roberts Foundation Inc Glenn Dale, MD | $90,657,767 | $17,263,079 |
Fellowship Foundation Inc Arlington, VA | $7,901,984 | $7,885,643 |
Reinhart Foundation Richmond, VA | $39,727,277 | $36,137,915 |