TELESCOPE FOUNDATION

EIN: 922791899 501(c)(3) Education

WASHINGTON, DC

Total Revenue
$2,526,721
Total Expenses
$1,042,085
Total Assets
$1,634,164
Net Assets
$1,486,801
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2023
Legal Domicile
DE
Principal Officer
JACOB ZIONCE
Phone
2026700060
Tax Period
2023-03-08 to 2023-12-31

TELESCOPE FOUNDATION, founded in 2023, is a community nonprofit in the Education sector that reported $2.5M in total revenue in fiscal year 2023. The organization ran a surplus of $1.5M, a strong 59% operating margin.

Mission

TELESCOPE FOUNDATION'S MISSION IS TO IMPROVE SCIENCE AND SOCIETY THROUGH INNOVATION AND COLLECTIVE ACTION.

Program Service Accomplishments

Program 1

TELESCOPE TRUSTED TALENT INITIATIVE - AIMS TO BUILD PIPELINES OF TALENT, AT SCALE, THAT CAN SERVE AS TRUSTED PARTNERS TO BUSINESS, GOVERNMENT, AND CIVIL SOCIETY IN ENSURING THAT THE NEXT WAVE OF...

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TELESCOPE TRUSTED TALENT INITIATIVE - AIMS TO BUILD PIPELINES OF TALENT, AT SCALE, THAT CAN SERVE AS TRUSTED PARTNERS TO BUSINESS, GOVERNMENT, AND CIVIL SOCIETY IN ENSURING THAT THE NEXT WAVE OF INVENTION IN SCIENCE AND TECHNOLOGY MAKES SOCIETY MORE SECURE AND PROSPEROUS.

Program 2

TELESCOPE TECHNOLOGY OFFSET PROGRAM - AIMS TO CREATE A MARKET FOR FINANCIAL INSTRUMENTS TO MITIGATE THE RISKS ASSOCIATED WITH DEEP TECH INNOVATIONS.

Program 3

TELESCOPE LEADERSHIP SERVICES - AIMS TO SCALE THE WORK OF PARTNERS WHO SHARE OUR GOALS OF MAKING SOCIETY MORE SAFE, SECURE, AND PROSPEROUS BY AIDING IN STRATEGY DEVELOPMENT AND PROGRAM DESIGN AND...

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TELESCOPE LEADERSHIP SERVICES - AIMS TO SCALE THE WORK OF PARTNERS WHO SHARE OUR GOALS OF MAKING SOCIETY MORE SAFE, SECURE, AND PROSPEROUS BY AIDING IN STRATEGY DEVELOPMENT AND PROGRAM DESIGN AND DEVELOPMENT.

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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 $2,510,000
Program Service Revenue $0
Investment Income $16,651
Other Revenue $70
TOTAL REVENUE $2,526,721

Expense Breakdown

Grants Paid $0
Salaries & Benefits $163,792
Fundraising Expenses $0
Other Expenses $878,293
TOTAL EXPENSES $1,042,085

Year-over-Year Comparison

2023 2022 Change
Revenue $2,526,721 N/A N/A
Expenses $1,042,085 N/A N/A
Net Income $1,484,636 N/A N/A
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
3
Independent Members
2
Employees
2
Volunteers
20

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
$75,475
Total Directors
3
$75,475
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JACOB ZIONCE PRESIDENT & COO (FROM 3/2023) 40.00
Officer Director
$75,000 $475 $75,475
ERIC BRAVERMAN CHAIR & TREASURER (FROM 3/2023) 40.00
Officer Director
$0 $0 $0
MICHAEL LUSTBADER BOARD MEMBER (FROM 11/2023) 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 $2,526,721 $1,042,085 $1,634,164 $1,484,636
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