The Foresight Institute

EIN: 770119168 501(c)(3) Science & Technology

San Francisco, CA

Total Revenue
$3,557,013
Total Expenses
$2,623,084
Total Assets
$3,079,907
Net Assets
$3,024,315
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Financial Trends

Organization Details

Formation Year
1986
Legal Domicile
CA
Phone
4154048303
Tax Period
2023-01-01 to 2023-12-31

The Foresight Institute, founded in 1986, is a community nonprofit in the Science & Technology sector that reported $3.6M in total revenue in fiscal year 2023. Revenue surged 48% from the prior year, signaling strong growth momentum. The organization ran a surplus of $934K, a strong 26% operating margin.

Mission

Technology Education

Program Service Accomplishments

Program 1
Expenses: $2,264,139 Revenue: $333,833

FORESIGHT INSTITUTE PROGRAMSForesight Institute advances technologies of fundamental importance to the long-term future of life and the biosphere, focusing on molecular machine nanotechnology...

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FORESIGHT INSTITUTE PROGRAMSForesight Institute advances technologies of fundamental importance to the long-term future of life and the biosphere, focusing on molecular machine nanotechnology, longevity, neurotechnology, space technology, and computer science. We reward excellence, restrain recklessness, and create community to promote beneficial uses of these technologies and reduce misuse and accidents potentially associated with them.Foresight Programs in nanotechnology, biotechnology, computer science, space technology, neurotech, foresight.To translate the expertise of 10+ years of technical competitions for advancing biotechnology, nanotechnology, and computation into consistent long-term progress, Foresight Institute leads year-long strategy groups. Foresight also hosts technical in-person workshops in these areas. Invited participants included leading scientists, entrepreneurs and institutional allies connected by a virtual community and meet monthly online to focus on advancing a crucial aspect of their field, prompted by invited guest speakers. The goal is to develop concrete projects for solving foundational problems in each field open for governmental and philanthropic funding, or investment.Nanotechnology Program: Molecular Machines Group A group of scientists, entrepreneurs, and institutional allies who cooperate to make progress on molecular machines. Connected by a virtual group, this program advances the work of those working to create atomically precise applications in energy, medicine, and materials science toward Feynmans vision of molecular nanotechnology.Longevity Program: Health Extension Group This group of scientists, entrepreneurs, and institutional allies meets monthly to cooperate in spurring field-wide progress on technologies that fight aging and increase human healthspan. AI Cyberspace Program: Intelligent Cooperation GroupA group of experts in computer science, cryptography, AI, and related fields, connected by a virtual group, who cooperate on applying these tools to build a future defined by intelligent cooperation and seek decentralized defenses against automated physical and digital threats.Neurotech: Improving Cognition. A group of scientists, entrepreneurs, and institutional allies who cooperate to make progress on neurotech. Connected by a virtual group, this program advances the work of those working to advancing beneficial short-term and long-term neurotechnology applications.Space: A group of scientists, entrepreneurs, and institutional allies who cooperate to make progress on space tech. Connected by a virtual group, this program advances the work of those working for both near-term applications to long-term exploration.

Program 2
Expenses: $22,294

Fellowships and Feynman PrizesTechnology prizes have helped push the envelope in developing enabling technology and achieving milestones. Foresight awards are several of the premier research awards...

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Fellowships and Feynman PrizesTechnology prizes have helped push the envelope in developing enabling technology and achieving milestones. Foresight awards are several of the premier research awards in the nanotechnology field, including the Feynman Prizes in Nanotechnology (one each for Experiment and Theory) and the Foresight Distinguished Student Award. In addition, the Foresight Feynman Grand Prize will be awarded to the first person or group to meet specific criteria for constructing nanoscale devices, a key milestone in developing molecular manufacturing methods and devices. In 2023 we launched the Norm Hardy Prize for usable computer security. In 2017 Foresight launched the Foresight Fellowship, a supportive program to support ten selected innovators in realizing their ideas, focusing on molecular machine nanotechnology, longevity, AI, neurotech, spacetech and cyberspace.

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,917,305
Program Service Revenue $333,833
Investment Income $242,939
Other Revenue $62,936
TOTAL REVENUE $3,557,013

Expense Breakdown

Grants Paid $856,909
Salaries & Benefits $720,947
Fundraising Expenses $66,250
Program Expenses $2,286,433
Other Expenses $1,045,228
TOTAL EXPENSES $2,623,084

Year-over-Year Comparison

2023 2022 Change
Revenue $3,557,013 $2,404,522 +0.5%
Expenses $2,623,084 $1,966,829 +0.3%
Net Income $933,929 $437,693 +1.1%
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
8
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
3
$117,348
Total Directors
6
$224,696
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Allison Duettmann CEO 40.00
Director
$216,000 $8,696 $224,696
Beatrice Erkers COO 40.00
Officer
$117,348 $0 $117,348
Brandon Goldman Treasurer 10.00
Officer Director
$0 $0 $0
Sonia Arrison Director 1.00
Director
$0 $0 $0
James C Bennett Director 1.00
Director
$0 $0 $0
Chip Morningstar Secretary 1.00
Officer Director
$0 $0 $0
Dean Tribble Director 1.00
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
2024 No data No data No data No data
2023 $3,557,013 $2,623,084 $3,079,907 $933,929
2022 $2,404,522 $1,966,829 $2,030,817 $437,693
2021 $1,599,886 $1,048,841 $1,819,148 $551,045
2020 $501,957 $402,505 $1,005,503 $99,452
2019 $512,846 $478,215 $771,503 $34,631
2018 $430,270 $479,059 $580,447 $-48,789
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