Nonprofit · EIN 46-0677985
BREAKTHROUGH PRIZE FOUNDATION
Tax-exempt · LOS ANGELES, CA 90049
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| May 31, 2025 | 990-PF | $25,836,917 | $35,684,674 | -$9,847,757 | $13,386,127 | $4,952,887 | $8,433,240 |
| May 31, 2024 | 990-PF | $60,760,522 | $57,570,255 | $3,190,267 | $19,729,292 | $1,448,295 | $18,280,997 |
| May 31, 2023 | 990-PF | $98,745,658 | $91,429,307 | $7,316,351 | $20,787,237 | $5,696,507 | $15,090,730 |
Financial details: 990-PF for the year ended May 31, 2025
Revenue
- Contributions, gifts and grants
- $25,350,000
- Interest
- $480,312
- Other income
- $6,605
Expenses
- Grants and similar amounts paid
- $15,761,104
- Compensation of officers, directors and key employees
- $533,423
- Salaries, compensation and benefits (total)
- $1,159,418
- Disbursements for charitable purposes
- $29,097,593
- Excise tax on investment income
- $6,676
Balance sheet and other
- Total assets, start of year
- $19,729,292
- Total assets, end of year
- $13,386,127
- Total liabilities, end of year
- $4,952,887
- Net assets, end of year
- $8,433,240
- Fair market value of assets
- $13,386,127
- Qualifying distributions
- $29,097,593
- Net investment income
- $480,312
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended May 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JAMIE P DREW 1900 N STREET NW, WASHINGTON, DC 20036 | CHIEF OF STAFF Highest-paid employee | 40 | $380,961 | $12,979 |
| SIMON PETER WORDEN 1900 N STREET NW, WASHINGTON, DC 20036 | CHAIRMAN, DIVISION EXECUTIVE DIRECTOR | 40 | $293,078 | $5,413 |
| LEONID SOLOVYEV 1900 N STREET NW, WASHINGTON, DC 20036 | DIRECTOR OF OPS Highest-paid employee | 40 | $250,000 | $0 |
| MARGOT MCGINNESS 1900 N STREET NW, WASHINGTON, DC 20036 | DIVISION EXECUTIVE DIRECTOR | 10 | $224,163 | $0 |
| PETER D KLUPAR 1900 N STREET NW, WASHINGTON, DC 20036 | CHIEF ENGINEER Highest-paid employee | 40 | $201,712 | $5,266 |
| MATTHEW A OOLEY 1900 N STREET NW, WASHINGTON, DC 20036 | CREATIVE DIRECTOR Highest-paid employee | 40 | $188,793 | $3,195 |
| KATHERINE M JAYANTH 1900 N STREET NW, WASHINGTON, DC 20036 | SR MEDIA ANALYST & E Highest-paid employee | 40 | $160,577 | $6,423 |
| KARL JOHANSSON 1900 N STREET NW, WASHINGTON, DC 20036 | DIRECTOR | 2 | $13,125 | $0 |
| YURI B MILNER 1900 N STREET NW, WASHINGTON, DC 20036 | PRESIDENT | 1 | $0 | $0 |
| BRECK HANCOCK 1900 N STREET NW, WASHINGTON, DC 20036 | DIRECTOR, TREASURER | 1 | $0 | $0 |
| JAMES A HUTCHINSON 1900 N STREET NW, WASHINGTON, DC 20036 | DIRECTOR, SECRETARY | 1 | $0 | $0 |
990-PF for the year ended May 31, 2024: 11 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JAMIE P DREW 1900 N STREET NW, WASHINGTON, DC 20036 | CHIEF OF STAFF Highest-paid employee | 40 | $365,904 | $12,479 |
| SIMON PETER WORDEN 1900 N STREET NW, WASHINGTON, DC 20036 | CHAIRMAN, DIVISION EXECUTIVE DIRECTOR | 40 | $347,705 | $6,580 |
| PETER D KLUPAR 1900 N STREET NW, WASHINGTON, DC 20036 | CHIEF ENGINEER Highest-paid employee | 40 | $333,321 | $13,333 |
| LEONID SOLOVYEV 1900 N STREET NW, WASHINGTON, DC 20036 | DIRECTOR OF OPS Highest-paid employee | 40 | $250,000 | $0 |
| MARGOT MCGINNESS 1900 N STREET NW, WASHINGTON, DC 20036 | DIVISION EXECUTIVE DIRECTOR | 10 | $238,956 | $0 |
| JAMES D SCHALKWYK 1900 N STREET NW, WASHINGTON, DC 20036 | PROGRAM MANAGER Highest-paid employee | 40 | $237,000 | $6,321 |
| MATTHEW A OOLEY 1900 N STREET NW, WASHINGTON, DC 20036 | CREATIVE DIRECTOR Highest-paid employee | 40 | $221,459 | $3,189 |
| KARL JOHANSSON 1900 N STREET NW, WASHINGTON, DC 20036 | DIRECTOR | 2 | $7,500 | $0 |
| YURI B MILNER 1900 N STREET NW, WASHINGTON, DC 20036 | PRESIDENT | 1 | $0 | $0 |
| BRECK HANCOCK 1900 N STREET NW, WASHINGTON, DC 20036 | DIRECTOR, TREASURER | 1 | $0 | $0 |
| JAMES A HUTCHINSON 1900 N STREET NW, WASHINGTON, DC 20036 | DIRECTOR, SECRETARY | 1 | $0 | $0 |
990-PF for the year ended May 31, 2023: 11 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SIMON PETER WORDEN 1900 N STREET NW, WASHINGTON, DC 20036 | CHAIRMAN, DIVISION EXECUTIVE DIRECTOR | 40 | $366,764 | $5,441 |
| JAMIE P DREW 1900 N STREET NW, WASHINGTON, DC 20036 | CHIEF OF STAFF Highest-paid employee | 40 | $339,769 | $9,769 |
| PETER D KLUPAR 1900 N STREET NW, WASHINGTON, DC 20036 | CHIEF ENGINEER Highest-paid employee | 40 | $317,462 | $10,498 |
| LEONID SOLOVYEV 1900 N STREET NW, WASHINGTON, DC 20036 | DIRECTOR OF OPS Highest-paid employee | 40 | $250,000 | $0 |
| JAMES D SCHALKWYK 1900 N STREET NW, WASHINGTON, DC 20036 | PROGRAM MANAGER Highest-paid employee | 40 | $228,346 | $5,014 |
| MATTHEW A OOLEY 1900 N STREET NW, WASHINGTON, DC 20036 | CREATIVE DIRECTOR Highest-paid employee | 40 | $211,923 | $1,980 |
| MARGOT MCGINNESS 1900 N STREET NW, WASHINGTON, DC 20036 | DIVISION EXECUTIVE DIRECTOR | 10 | $129,999 | $0 |
| KARL JOHANSSON 1900 N STREET NW, WASHINGTON, DC 20036 | DIRECTOR | 2 | $8,333 | $0 |
| YURI MILNER 1900 N STREET NW, WASHINGTON, DC 20036 | PRESIDENT | 1 | $0 | $0 |
| BRECK HANCOCK 1900 N STREET NW, WASHINGTON, DC 20036 | DIRECTOR, TREASURER | 1 | $0 | $0 |
| JAMES A HUTCHINSON 1900 N STREET NW, WASHINGTON, DC 20036 | DIRECTOR, SECRETARY | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 11999 SAN VICENTE BLVD, LOS ANGELES, CA 90049-5131
- In care of
- % JAMES A HUTCHINSON ESQ
- Signed the 990-PF
- JAMES A HUTCHINSON, DIRECTOR, SECRETARY
- Phone
- (202) 346-4293
- Website
- WWW.BREAKTHROUGHPRIZE.ORG
- Return prepared by
- ERNST & YOUNG US LLP
California records
California keeps its own records of charities and corporations. Search them by EIN 46-0677985 or by the name BREAKTHROUGH PRIZE FOUNDATION.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in May, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | May 31, 2026 | October 15, 2026 | Not on file |
| 2024 | May 31, 2025 | October 15, 2025 | 990-PF on file |
| 2023 | May 31, 2024 | October 15, 2024 | 990-PF on file |
IRS record
- EIN
- 46-0677985
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 2015
- Accounting year ends
- May
- Files
- Form 990-PF
- Category (NTEE)
- Education (B82)
- Assets (IRS master file)
- $13,386,127
- Income (IRS master file)
- $25,836,917
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | May 2025 | $25,836,917 | $35,684,674 | $13,386,127 | XML |
| 990-PF | May 2024 | $60,760,522 | $57,570,255 | $19,729,292 | XML |
| 990-PF | May 2023 | $98,745,658 | $91,429,307 | $20,787,237 | XML |
| 990-PF | May 2022 | – | – | – | IRS |
| 990-PF | May 2021 | – | – | – | IRS |
| 990-PF | May 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 46-0677985).
Questions about BREAKTHROUGH PRIZE FOUNDATION
- What is the EIN of BREAKTHROUGH PRIZE FOUNDATION?
- The employer identification number (EIN) of BREAKTHROUGH PRIZE FOUNDATION is 46-0677985.
- Is BREAKTHROUGH PRIZE FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2015.
- Are donations to BREAKTHROUGH PRIZE FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does BREAKTHROUGH PRIZE FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of BREAKTHROUGH PRIZE FOUNDATION due?
- The return for tax year 2025 (the year ending May 31, 2026) is due October 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did BREAKTHROUGH PRIZE FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended May 2025.
- Who are the officers and directors of BREAKTHROUGH PRIZE FOUNDATION?
- The 990-PF for the year ended May 31, 2025 lists 11 people; 8 received compensation from the organization, the highest $380,961 (JAMIE P DREW, CHIEF OF STAFF).
- How much revenue does BREAKTHROUGH PRIZE FOUNDATION have?
- On its 990-PF for the year ended May 31, 2025 it reported revenue of $25,836,917, expenses of $35,684,674 and total assets of $13,386,127 at year end.
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