Parallax Futures

EIN: 871988727 501(c)(3) Education

Berkeley, CA

Total Revenue
$4,635,385
Total Expenses
$3,913,361
Total Assets
$1,338,063
Net Assets
$798,659
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
CA
Principal Officer
Tobias Rees
Phone
5109266434
Tax Period
2022-01-01 to 2022-12-31

Parallax Futures, founded in 2021, is a community nonprofit in the Education sector that reported $4.6M in total revenue in fiscal year 2022. Revenue surged 586% from the prior year, signaling strong growth momentum. The organization ran a surplus of $722K, a strong 16% operating margin.

Mission

Transformations of the human is a platform for DOING philosophy. We provide philosophical insight, aesthetically rendered, in an effort to build products practitioners and companies with philosophical agency.

Program Service Accomplishments

Program 1
Expenses: $1,865,573

The ToftH School addresses an opportunity that previously did not exist:Fields like artificial intelligence, biogeochemistry and robotics disrupt the concepts we live by what it is to be human, what...

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The ToftH School addresses an opportunity that previously did not exist:Fields like artificial intelligence, biogeochemistry and robotics disrupt the concepts we live by what it is to be human, what nature and machines and truth are, how to live together. Because of these disruptions, it has become possible to practice technology in terms of philosophy.ToftH is designed to address this exciting new opportunity.Our nine-month curriculum is focused on bringing together philosophy, art and technology in a practice we call PArT. PArT equips students to practice the concrete in terms of the abstract. Through playful engagement, students come to terms with the unexpected and learn how to conduct experiments with philosophies and technologies. Cohort 1 graduated in June 2022. Cohort 2 will double the size, admitting up to 25 students. Nearly half of the cohort is international.

Program 2
Expenses: $761,957 Revenue: $710,000

Research Projects- ToftH works with companies to discover the philosophical stakes of their work.Our PArT researchers assist our clients to see the philosophical ruptures their technologies provoke...

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Research Projects- ToftH works with companies to discover the philosophical stakes of their work.Our PArT researchers assist our clients to see the philosophical ruptures their technologies provoke and help them identify new opportunities and markets. Collaborations with ToftH enhance long-term product development capacities, including: intellectual development, conceptual frameworks, talent development and retention leadership development.

Program 3
Expenses: $75,077

Other programs.

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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 $3,925,385
Program Service Revenue $710,000
Investment Income $0
Other Revenue $0
TOTAL REVENUE $4,635,385

Expense Breakdown

Grants Paid $727,282
Salaries & Benefits $2,006,493
Fundraising Expenses $333,999
Program Expenses $2,702,607
Other Expenses $1,179,586
TOTAL EXPENSES $3,913,361

Year-over-Year Comparison

2022 2021 Change
Revenue $4,635,385 $675,826 +5.9%
Expenses $3,913,361 $586,020 +5.7%
Net Income $722,024 $89,806 +7.0%
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
5
Independent Members
3
Employees
19
Volunteers
39

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
$720,905
Total Directors
7
$720,905
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Tobias Rees President/CEO 40.00
Officer Director
$368,891 $15,180 $384,071
Kim Carson COO/Sect/Treas 40.00
Officer Director
$301,758 $35,076 $336,834
Reid Hoffman Director 2.00
Director
$0 $0 $0
Nicolas Berggruen Director 2.00
Director
$0 $0 $0
Bettina Kames Director 2.00
Director
$0 $0 $0
Dmitri Mehlhorn Director 2.00
Director
$0 $0 $0
Dawn Nakagawa Director 2.00
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 $4,635,385 $3,913,361 $1,338,063 $722,024
2021 $675,826 $586,020 $155,026 $89,806
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