Space Prize Foundation Inc

EIN: 270839387 501(c)(3) Arts, Culture & Humanities

New York, NY

Total Revenue
$329,752
Total Expenses
$470,647
Total Assets
$77,567
Net Assets
$47,778
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2009
Legal Domicile
NY
Tax Period
2022-01-01 to 2022-12-31

Space Prize Foundation Inc, founded in 2009, is a small nonprofit in the Arts, Culture & Humanities sector that reported $330K in total revenue in fiscal year 2022. Revenue surged 32% from the prior year, signaling strong growth momentum. Expenses of $471K exceeded revenue, resulting in a 43% operating deficit.

Mission

Empowering young women to participate in the growing space economy.

Program Service Accomplishments

Program 1
Expenses: $97,438 Revenue: $100,000

Space Prize PortugalSpace Prize Portugal is the third iteration in the Space Prize Challenge program. It is created through a partnership of Mário Ferreira, the first Portuguese citizen to cross the...

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Space Prize PortugalSpace Prize Portugal is the third iteration in the Space Prize Challenge program. It is created through a partnership of Mário Ferreira, the first Portuguese citizen to cross the space border. The Space Prize Portugal is a global contest open to Portuguese female students between 18 and 22 years old. Five finalists received a year of mentorship and two winners received a zero-gravity flight in Bordeaux, France with AirZeroG/Novespace.

Program 2
Expenses: $95,791 Revenue: $100,000

Space Prize Challenge NYCSpace Price Challenge NYC is a pilot program for the Foundations Space Prize Challenge program, which awards promising young women with space experiences and mentorship based...

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Space Prize Challenge NYCSpace Price Challenge NYC is a pilot program for the Foundations Space Prize Challenge program, which awards promising young women with space experiences and mentorship based on their responses to essay and video prompts. SP Challenge NYC took place in 5 NYC high schools across the 5 different boroughs. In May, 2022, five winners received a ZERO-G flight and a year of mentorship from an influential woman in the space industry.

Program 3
Expenses: $92,450 Revenue: $99,950

Space Education CurriculumThe Space Prize Foundation created the first comprehensive open-source space education curriculum appropriate for high school+ students that is accessible worldwide to...

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Space Education CurriculumThe Space Prize Foundation created the first comprehensive open-source space education curriculum appropriate for high school+ students that is accessible worldwide to support educational equity.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $329,752
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $329,752

Expense Breakdown

Grants Paid $0
Salaries & Benefits $137,740
Fundraising Expenses $0
Program Expenses $285,679
Other Expenses $332,907
TOTAL EXPENSES $470,647

Year-over-Year Comparison

2022 2021 Change
Revenue $329,752 $250,001 +0.3%
Expenses $470,647 $61,328 +6.7%
Net Income $-140,895 $188,673 -1.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
3
Independent Members
3
Employees
2
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$129,064
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Mark Wagner President 40.00
Officer
$59,479 $15,626 $75,105
Kimberly Macharia Executive Director 0.00
Officer
$38,333 $15,626 $53,959
Susanne Moore Secretary 5.00
Director
$0 $0 $0
Roman Chipotukha Chairman of the Board of Dire 10.00
Director
$0 $0 $0
Eddie Miller Vice Chairman of the Board 10.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2022 $329,752 $470,647 $77,567 $-140,895
2021 $250,001 $61,328 $192,632 $188,673
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