Nonprofit · EIN 93-3985556
PREVAIL FOUNDRY INC
Tax-exempt · MADISON, WI 53726
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $15,069,398 | $10,117,886 | $4,951,512 | $10,064,615 | $5,113,103 | $4,951,512 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $15,045,000
- Program service revenue
- $0
- Investment income
- $24,398
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $7,685,000
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $9,723
- Accounting fees
- $7,500
- Travel
- $61,143
- Program services (functional)
- $9,296,378
- Management and general (functional)
- $535,566
- Fundraising (functional)
- $285,942
Balance sheet and other
- Total assets, start of year
- $0
- Total assets, end of year
- $10,064,615
- Total liabilities, end of year
- $5,113,103
- Net assets, end of year
- $4,951,512
- Net assets without donor restrictions
- $516,310
- Net assets with donor restrictions
- $4,435,202
- Gross receipts
- $15,069,398
- Employees
- 0
- Volunteers
- 13
- Year formed
- 2023
- State of legal domicile
- WI
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 | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DAVID HYLDEN | PRESIDENT Trustee or director, Officer | 29 | $0 | $234,834 | $5,003 |
| GIULIA ZINO | SECRETARY Officer | 29 | $0 | $168,010 | $8,465 |
| ANDREW YOUN | CHAIR Trustee or director, Officer | 15 | $0 | $151,311 | $360 |
| ISABEL VINTON | TREASURER Officer | 18 | $0 | $77,565 | $846 |
| DR NEIL BUDDY SHAH | VICE-CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JOEL ACKERMAN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DR ANGELA NYAMBURA GICHAGA | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| SAFEENA HUSAIN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| FRED SWANIKER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2142 ROWLEY AVE, MADISON, WI 53726-3944
- Mailing address (990-N for 2023)
- 2142 ROWLEY AVENUE, MADISON WI 53726
- Principal officer (990 for 2024)
- DAVID HYLDEN, 2142 ROWLEY AVENUE, MADISON, WI 53726
- Principal officer (990-N for 2023)
- DAVID HYLDEN, 2142 ROWLEY AVENUE, MADISON WI 53726
- Signed the 990
- DAVID HYLDEN, PRESIDENT
- Phone
- (206) 276-8813
- Return prepared by
- PKF O'CONNOR DAVIES ADVISORY LLC
Mission
TO SUPPORT ORGANIZATIONS AND DONORS IN WORKING TOGETHER TO PURSUE AMBITIOUS GLOBAL GOALS IN REDUCING POVERTY, ADVANCING EDUCATION AND GLOBAL PUBLIC HEALTH, AND IMPROVING THE ENVIRONMENT.
Program accomplishments
- IN ITS FIRST TWO YEARS, THE ORGANIZATION HAS LAUNCHED ITS EDUCATION PROGRAM AND WORKED WITH OVER 25 ORGANIZATIONS ACROSS 17 COUNTRIES IN AFRICA AND SOUTH ASIA. THE ORGANIZATION HAS DIRECTLY SUPPORTED LOCAL ORGANIZATIONS TO IMPROVE LITERACY AND NUMERACY SKILLS, SERVING OVER 1,100,000 CHILDREN AS OF DECEMBER 31, 2024.Expenses $9,296,378 · grants $7,685,000
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-N on file |
IRS record
- EIN
- 93-3985556
- 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
- 2024
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- International, foreign affairs and national security (Q33)
- Assets (IRS master file)
- $10,064,615
- Income (IRS master file)
- $15,069,398
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $15,069,398 | $10,117,886 | $10,064,615 | IRS |
| 990-N for 2023 Officer: DAVID HYLDEN | December 31, 2023 | ≤ $50,000 receipts | – | – | e-Postcard |
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 93-3985556).
Questions about PREVAIL FOUNDRY INC
- What is the EIN of PREVAIL FOUNDRY INC?
- The employer identification number (EIN) of PREVAIL FOUNDRY INC is 93-3985556.
- Is PREVAIL FOUNDRY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2024.
- Are donations to PREVAIL FOUNDRY INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PREVAIL FOUNDRY INC 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 PREVAIL FOUNDRY INC 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 PREVAIL FOUNDRY INC 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 PREVAIL FOUNDRY INC?
- The 990 for the year ended December 31, 2024 names DAVID HYLDEN.
- Who are the officers and directors of PREVAIL FOUNDRY INC?
- The 990 for the year ended December 31, 2024 lists 9 people; 0 received compensation from the organization.
- How much revenue does PREVAIL FOUNDRY INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $15,069,398, expenses of $10,117,886 and total assets of $10,064,615 at year end.
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All nonprofits in MADISON · Wisconsin · International, foreign affairs and national security