LIGHTCONE FOUNDATION

EIN: 920636259 501(c)(3) Science & Technology

SPARKS, NV

Total Revenue
$2,990,256
Total Expenses
$12,541,185
Total Assets
$182,181,800
Net Assets
$182,115,698
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2022
Legal Domicile
NV
Principal Officer
MAX TEGMARK
Phone
7813338813
Tax Period
2023-01-01 to 2023-12-31

LIGHTCONE FOUNDATION, founded in 2022, is a community nonprofit in the Science & Technology sector that reported $3.0M in total revenue in fiscal year 2023. Revenue fell 98% from the prior year — a significant decline worth monitoring. Expenses of $12.5M exceeded revenue, resulting in a 319% operating deficit.

Mission

TO SERVE AS A CHARITABLE AND EDUCATIONAL ORGANIZATION, SUPPORTING THE CHARITABLE MISSION OF THE FUTURE OF LIFE FOUNDATION, PRIMARILY VIA GRANTMAKING.

Program Service Accomplishments

Program 1
Expenses: $12,183,707

THE ONLY 2023 PROGRAM SERVICE WAS GRANTMAKING TO IMPROVE BENEFITS AND REDUCE RISKS OF TECHNOLOGY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $6,658,531
Program Service Revenue $0
Investment Income $-3,668,275
Other Revenue $0
TOTAL REVENUE $2,990,256

Expense Breakdown

Grants Paid $12,150,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $12,183,707
Other Expenses $391,185
TOTAL EXPENSES $12,541,185

Year-over-Year Comparison

2023 2022 Change
Revenue $2,990,256 $163,342,236 -1.0%
Expenses $12,541,185 $10,000,000 +0.3%
Net Income $-9,550,929 $153,342,236 -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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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
4
Independent Members
1
Employees
N/A
Volunteers
1

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
$930,421
Total Directors
4
$930,421
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MAX TEGMARK BOARD PRESIDENT 1.00
Officer Director
$0 $0 $409,755
ANTHONY AGUIRRE BOARD SECRETARY 1.00
Officer Director
$0 $26,903 $493,589
MIHAELA CHITA-TEGMARK BOARD TREASURER 0.10
Officer Director
$0 $0 $27,077
JAAN TALLINN DIRECTOR 0.10
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 $2,990,256 $12,541,185 $182,181,800 $-9,550,929
2022 $163,342,236 $10,000,000 $147,693,240 $153,342,236
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