Nonprofit · EIN 82-2180399
50 BREAKTHROUGHS FOUNDATION
Tax-exempt · OAKLAND, CA 94610
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $720,840 | $3,124,606 | -$2,403,766 | $7,113,034 | $1,531,597 | $5,581,437 |
| December 31, 2023 | 990 | $593,356 | $3,473,449 | -$2,880,093 | $9,645,898 | $1,660,695 | $7,985,203 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $250,000
- Program service revenue
- $142,594
- Investment income
- $286,191
- Net gain from sales of assets
- $230,008
- Other revenue
- $42,055
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $550,607
- Other salaries and wages
- $33,183
- Salaries, compensation and benefits (total)
- $705,695
- Professional fundraising fees
- $0
- Legal fees
- $2,190
- Accounting fees
- $552
- Occupancy
- $25,319
- Travel
- $116,481
- Depreciation
- $359,773
- Program services (functional)
- $2,943,053
- Management and general (functional)
- $103,112
- Fundraising (functional)
- $78,441
Balance sheet and other
- Total assets, start of year
- $9,645,898
- Total assets, end of year
- $7,113,034
- Total liabilities, end of year
- $1,531,597
- Net assets, end of year
- $5,581,437
- Land, buildings and equipment
- $5,338,458
- Net assets without donor restrictions
- $5,498,407
- Net assets with donor restrictions
- $83,030
- Gross receipts
- $720,840
- Employees
- 3
- Volunteers
- 2
- Year formed
- 2017
- State of legal domicile
- CA
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 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SHASHI BULUSWAR | CO - CEO - AS OF 03/2024 Trustee or director, Officer | 40 | $192,192 | $51,354 |
| NOHA EL-GHOBASHY | CO - CEO - AS OF 03/2024 Trustee or director, Officer | 25 | $205,888 | $22,107 |
| RATANA ISMAIL | SECRETARY & DIR. FIN. & OPS. Officer | 32 | $121,767 | $43,135 |
| SARAH JANE JACKSON | CFO Officer | 10 | $156,000 | $0 |
| KAREN PAK OPPENHEIMER - INTERIM | COO, UNTIL 10/24 - BOARD MEMBER Trustee or director | 1 | $82,200 | $0 |
| TAWANA MUCHATUTA | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| URSULA WYNHOVEN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| NOHA EL-GHOBASHY | CHIEF EXECUTIVE OFFICER Trustee or director, Officer | 25 | $205,888 | $21,443 |
| SHASHI BULUSWAR | CHIEF STRATEGIST - UNTIL 05/23 Highest-paid employee | 40 | $195,731 | $27,541 |
| RATANA ISMAIL | SECRETARY & DIR. FIN. & OPS. Officer | 32 | $122,371 | $39,958 |
| ROGER SATHRE | CHIEF SCIENTIST Highest-paid employee | 40 | $119,265 | $33,928 |
| KAREN PAK OPPENHEIMER | INTERIM CHIEF OPERATING OFFICER Trustee or director, Officer | 20 | $66,400 | $0 |
| TAWANA MUCHATUTA | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| URSULA WYNHOVEN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 812 CREED RD, OAKLAND, CA 94610-1827
- In care of
- % JASON ASUNCION
- Principal officer (990 for 2024)
- NOHA EL-GHOBASHY, 812 CREED ROAD, OAKLAND, CA 94610
- Signed the 990
- NOHA EL-GHOBASHY, CEO
- Phone
- (415) 794-3392
- Website
- 50BREAKTHROUGHS.ORG
- Return prepared by
- CBIZ ADVISORS LLC
California records
California keeps its own records of charities and corporations. Search them by EIN 82-2180399 or by the name 50 BREAKTHROUGHS 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)
Mission
THIS CORPORATION WILL FOCUS ON PRODUCTS AND SERVICES WITH A POTENTIAL TO IMPROVE THE LIVES OF THE POOR AND UNDER-SERVED, INCLUDING THOSE RELATED TO IMPROVING ACCESS TO NUTRITIOUS FOOD, THE ABILITY TO LIVE A HEALTHY LIFE, ACCESS TO ENERGY, THE EFFICIENT FUNCTIONING OF AGRICULTURAL SYSTEMS, AND ALSO CLIMATE-CHANGE AND ENVIRONMENTAL SUSTAINABILITY ISSUES.
Program accomplishments
- THIS CORPORATION WILL FOCUS ON PRODUCTS AND SERVICES WITH A POTENTIAL TO IMPROVE THE LIVES OF THE POOR AND UNDER-SERVED, INCLUDING THOSE RELATED TO IMPROVING ACCESS TO ENERGY, ACCESS TO SANITATION AND DEVELOPING THE MEDICAL OXYGEN SUPPLY INFRASTRUCTURE IN SUB-SAHARAN AFRICA.Expenses $2,943,053 · revenue $142,594
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 82-2180399
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2018
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- International, foreign affairs and national security (Q33)
- Assets (IRS master file)
- $7,113,034
- Income (IRS master file)
- $720,840
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $720,840 | $3,124,606 | $7,113,034 | XML |
| 990 | December 2023 | $593,356 | $3,473,449 | $9,645,898 | XML |
| 990 | December 2022 | $121,232 | $2,693,131 | $12,570,172 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | 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 82-2180399).
Questions about 50 BREAKTHROUGHS FOUNDATION
- What is the EIN of 50 BREAKTHROUGHS FOUNDATION?
- The employer identification number (EIN) of 50 BREAKTHROUGHS FOUNDATION is 82-2180399.
- Is 50 BREAKTHROUGHS FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2018.
- Are donations to 50 BREAKTHROUGHS FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does 50 BREAKTHROUGHS FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of 50 BREAKTHROUGHS FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did 50 BREAKTHROUGHS FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of 50 BREAKTHROUGHS FOUNDATION?
- The 990 for the year ended December 31, 2024 names NOHA EL-GHOBASHY.
- Who are the officers and directors of 50 BREAKTHROUGHS FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 7 people; 5 received compensation from the organization, the highest $192,192 (SHASHI BULUSWAR, CO - CEO - AS OF 03/2024).
- How much revenue does 50 BREAKTHROUGHS FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $720,840, expenses of $3,124,606 and total assets of $7,113,034 at year end.
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All nonprofits in OAKLAND · California · International, foreign affairs and national security