Educational Institutions

X Prize Foundation Inc

  • Culver City, CA
  • www.xprize.org

Mission Statement

The mission of the XPRIZE Foundation is to bring about radical breakthroughs for the benefit of humanity. Revolution Through Competition.

Main Programs

  1. Google Lunar XPRIZE
  2. Qualcomm Tricorder XPRIZE
  3. Nokia Sensing XCHALLENGE
  4. Wendy Schmidt Ocean Health XPRIZE
Service Areas

Self-reported

International

Our span of influence is worldwide.

ruling year

1999

CEO

Self-reported

Peter H. Diamandis

President

Self-reported

Mr. Robert K. Weiss

Keywords

Self-reported

innovation, proactive, leverage, education, space, energy, water, prize, incentive. oilspill, clean-up,

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EIN

52-1876879

 Number

3210313317

Physical Address

800 Corporate Pointe Suite 350

Culver City, CA 90230

Also Known As

XPRIZE

Contact

Cause Area (NTEE Code)

Research Institutes and/or Public Policy Analysis (B05)

Science, General (includes Interdisciplinary Scientific Activities) (U20)

Fund Raising and/or Fund Distribution (W12)

IRS Filing Requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Programs + Results

How does this organization make a difference?

Overview

Self-reported by organization

With the Ansari XPRIZE(http://space.xprize.org/ansari-x-prize) , The XPRIZE Foundation established a philanthropic model in which offering a prize for achieving a specific goal can stimulate entrepreneurial investment that produces a 10 times or greater return on the prize purse and at least 100 times in follow-on investment and social benefit.

Programs

Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Program 1

Google Lunar XPRIZE

The $30 million Google Lunar XPRIZE will be awarded to the teams that land a robotic rover on the lunar surface, explore the Moon by moving at least 500 meters, and return packages of high definition video and imagery called “Mooncasts.” Bonus purses are offered for teams that are able to travel 5 kilometers, or image artifacts of previous lunar exploration, or survive a lunar night, or detect water ice on the Moon’s surface. This unprecedented, international competition is inspiring engineers and entrepreneurs from around the world to develop low-cost methods of robotic space exploration. At this time, 18 teams have registered to compete. The Google Lunar XPRIZE is the largest international incentive prize ever offered and, will enable a new era of affordable lunar exploration, open the door to important scientific discoveries, jumpstart new industries, and inspire a new generation to pursue careers in science and engineering.

Category

None

Population(s) Served

Adults

None

None

Budget

Program 2

Qualcomm Tricorder XPRIZE

The Qualcomm Tricorder XPRIZE is a $10 million global competition to stimulate innovation and integration of precision diagnostic technologies, making reliable health diagnoses available directly to "health consumers" in their homes.

The dire need for improvements in health and healthcare in the U.S. has captured the attention of government, industry, and private citizens for years. But a viable solution has yet evaded one of the most technologically advanced, educated and prosperous nations on the globe. Integrated diagnostic technology, once available on a consumer mobile device that is easy to use, will allow individuals to incorporate health knowledge and decision-making into their daily lives.

Advances in fields such as artificial intelligence, wireless sensing, imaging diagnostics, lab-on-a-chip, and molecular biology will enable better choices in when, where, and how individuals receive care, thus making healthcare more convenient, affordable, and accessible. The winner will be the team whose technology most accurately diagnoses a set of diseases independent of a healthcare professional or facility, and that provides the best consumer user experience with their device.

Category

None

Population(s) Served

None

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Budget

Program 3

Nokia Sensing XCHALLENGE

The Nokia Sensing XCHALLENGE is a $2.25 million global competition to accelerate the availability of hardware sensors and software sensing technology that individuals use to access, understand, and improve their health and well-being. Innovation in sensing is an important component to creating a means for appealing, usable, smarter digital health solutions.

Category

None

Population(s) Served

None

None

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Budget

Program 4

Wendy Schmidt Ocean Health XPRIZE

The Wendy Schmidt Ocean Health XPRIZE is a $2 million global competition that challenges teams of engineers, scientists and innovators from all over the world to create pH sensor technology that will affordably, accurately and efficiently measure ocean chemistry from its shallowest waters… to its deepest depths.

There are two prize purses available (teams may compete for, and win, both purses):

A. $1,000,000 Accuracy award – Performance focused ($750,000 First Place, $250,000 Second Place): To the teams that navigate the entire competition to produce the most accurate, stable and precise pH sensors under a variety of tests.

B. $1,000,000 Affordability award – Cost and Use focused ($750,000 First Place, $250,000 Second Place): To the teams that produce the least expensive, easy-to-use, accurate, stable, and precise pH sensors under a variety of tests.

Category

None

Population(s) Served

None

None

None

Budget

Charting Impact

Self-reported by organization

Five powerful questions that require reflection about what really matters - results.

  1. What is the organization aiming to accomplish?
    XPRIZE is an innovation engine. A facilitator of exponential change. A catalyst for the benefit of humanity.

    We believe in the power of competition. That it’s part of our DNA. Of humanity itself. That tapping into that indomitable spirit of competition brings about breakthroughs and solutions that once seemed unimaginable. Impossible.

    We believe that you get what you incentivize. And that without a target, you will miss the mark every time. Rather than throw money at a problem, we incentivize the solution and challenge the world to solve it.

    We believe that challenges must be audacious, but achievable, tied to measurable goals. And understandable by all.

    We believe that solutions can come from anyone, anywhere and that some of the greatest minds of our time remain untapped, ready to be engaged and unleashed on a world that is in desperate need of help. Solutions. Change.

    Radical breakthroughs for the benefit of humanity.

    Call us crazy, but we believe.

    Maybe it’s because we’ve already facilitated oil recovery cleanup at triple the standard rate. Enabled the creation of a 135 MPGe energy-efficient car. And helped launch a $1.5 billion private space industry.

    Maybe it’s the hundreds of teams who have signed on to revolutionize healthcare by creating an affordable, portable, wireless medical device, based on the Star Trek tricorder.

    Or maybe it’s because we’ve seen our beliefs become reality.

    We believe in making the impossible possible.

    STAR TREK, TRICORDER and related marks and logos are trademarks of CBS Studios Inc. Used under license.
  2. What are the organization's key strategies for making this happen?
    Not available.
  3. What are the organization's capabilities for doing this?
    Not available.
  4. How will they know if they are making progress?
    Not available.
  5. What have and haven't they accomplished so far?
    Not available.
Service Areas

Self-reported

International

Our span of influence is worldwide.

Social Media

Blog

Funding Needs

Contributions, grants, sponsors and foundation alliances.  Become a fundraiser for X PRIZE. Help X PRIZE raise funds to support our ongoing prize, educational and operational efforts. By supporting the X PRIZE Foundation you will obtain maximum leverage for any philanthropic contributions.

External Reviews

Source: greatnonprofits.org

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Financials

Financial information is an important part of gauging the short- and long-term health of the organization.

X PRIZE FOUNDATION
Fiscal year: Jan 01-Dec 31
Yes, financials were audited by an independent accountant.

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Operations

The people, governance practices, and partners that make the organization tick.

X Prize Foundation Inc

Leadership

NEED MORE INFO ON THIS NONPROFIT?

Free: Gain immediate access to the following:
  • Address, phone, website and contact information
  • Forms 990 for 2014, 2013 and 2012
  • Board Chair, Board Co-Chair and Board Members
  • Access to the GuideStar Community
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CEO

Peter H. Diamandis

President

Mr. Robert K. Weiss

BIO

Diamandis is an international leader in the commercial space arena, having founded and run many of the leading entrepreneurial companies in this sector. Diamandis also serves as the Chairman and CEO of Zero Gravity Corporation (www.gozerog.com(http://www.gozerog.com/) ) a commercial space company developing private, FAA-certified parabolic flight utilizing a Boeing 727-200 aircraft. He is the Chairman & co-founder of the Rocket Racing League (www.rocketracingleague.com(http://www.rocketracingleague.com/) ). Diamandis is a Managing Director and Co-Founder of Space Adventures (www.spaceadventures.com(http://www.spaceadventures.com/) ), the company which brokered the launches of four private citizens to the International Space Station. Dr. Diamandis attended the Massachusetts Institute of Technology (MIT) where he received his undergraduate degree in molecular genetics and graduate degree in aerospace engineering. After MIT he attended Harvard Medical School where he received his M.D. In 2005 he has was also awarded an honorary Doctorate from the International Space University.

Governance

BOARD CHAIR

Peter H. Diamandis PHD

X PRIZE FOUNDATION

Term: Oct 2004 - Oct 2014

BOARD LEADERSHIP PRACTICES

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BOARD ORIENTATION & EDUCATION

Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations?


RESPONSE NOT PROVIDED

CEO OVERSIGHT

Has the board conducted a formal, written assessment of the chief executive within the past year?


RESPONSE NOT PROVIDED

ETHICS & TRANSPARENCY

Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year?


RESPONSE NOT PROVIDED

BOARD COMPOSITION

Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership?


RESPONSE NOT PROVIDED

BOARD PERFORMANCE

Has the board conducted a formal, written self-assessment of its performance within the past three years?