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Nonprofit · EIN 83-1592799

UNITARY FUND

Tax-exempt · SAN FRANCISCO, CA 94111

Financials

$1.5M$1.4M2023$2M$1.8M2024
Revenue Expenses · by fiscal year end
Financials of UNITARY FUND by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$1,999,482$1,829,133$170,349$786,032$156,636$629,396
December 31, 2023990$1,496,005$1,383,885$112,120$665,810$206,763$459,047
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$1,959,522
of which government grants
$311,380
Program service revenue
$39,960
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$114,953
Compensation of officers, directors and key employees
$337,083
Other salaries and wages
$719,143
Salaries, compensation and benefits (total)
$1,164,216
Professional fundraising fees
$0
Legal fees
$39,181
Accounting fees
$35,836
Occupancy
$2,377
Travel
$55,517
Program services (functional)
$1,574,545
Management and general (functional)
$169,725
Fundraising (functional)
$84,863

Balance sheet and other

Total assets, start of year
$665,810
Total assets, end of year
$786,032
Total liabilities, end of year
$156,636
Net assets, end of year
$629,396
Net assets without donor restrictions
$256,061
Net assets with donor restrictions
$373,335
Gross receipts
$1,999,482
Employees
8
Volunteers
85
Year formed
2018
State of legal domicile
CA

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
WILLIAM ZENGPRESIDENT
Trustee or director, Officer
20$209,583
NATHAN SHAMMAHCTO
Trustee or director, Officer
40$127,501
TRAVIS SCHOLTENSECRETARY
Trustee or director, Officer
0$0
CHRISTOPHE JURCZAKTREASURER
Trustee or director, Officer
0$0
ANASTASIA GAMICKBOARD MEMBER
Trustee or director
0$0
ELIZABETH DURSTBOARD MEMBER
Trustee or director
0$0
990 for the year ended December 31, 2023: 6 people
NameTitleHours / weekCompensation
NATHAN SHAMMAHCTO
Trustee or director, Officer
40$167,157
WILLIAM ZENGPRESIDENT
Trustee or director, Officer
20$161,423
TRAVIS SCHOLTENSECRETARY
Trustee or director, Officer
0$0
CHRISTOPHE JURCZAKTREASURER
Trustee or director, Officer
0$0
ANASTASIA GAMICKBOARD MEMBER
Trustee or director
0$0
ELIZABETH DURSTBOARD MEMBER
Trustee or director
0$0

Address and contacts

Address (IRS master file)
505 MONTGOMERY ST FL 11, SAN FRANCISCO, CA 94111-2585
Principal officer (990 for 2024)
WILLIAM ZENG, 505 MONTGOMERY STREET FLOOR 11, SAN FRANCISCO, CA 94111
Signed the 990
WILLIAM ZENG, PRESIDENT
Phone
(415) 429-0950
990-N for 2018 filed under this EIN
Most likely by a chapter, club or affiliate (it says receipts are normally $50,000 or less). Officer: William Zeng, 2021 Essex St, Berkeley CA 94703. Mailing address: 2021 Essex St, Berkeley CA 94703. Website: http://unitary.fund/
Return prepared by
ALEGRIA & COMPANY PS

California records

California keeps its own records of charities and corporations. Search them by EIN 83-1592799 or by the name UNITARY FUND.

Attorney General, Registry of Charities and Fundraisers
Registration status and filed reports (CT-TR-1, RRF-1)

Mission

TO CREATE A QUANTUM TECHNOLOGY ECOSYSTEM THAT BENEFITS THE MOST PEOPLE. WE BELIEVE THAT EXPANDING THE POOL OF PEOPLE WORKING ON QUANTUM TECHNOLOGIES IS A WAY TO ENSURE THAT THE BENEFITS OF THESE TOOLS ARE WIDELY, SWIFTLY, AND EQUITABLY DISTRIBUTED.TODAY, WE PRIMARILY USE TWO MAJOR PROGRAMS TO PURSUE THIS MISSION. THROUGH UNITARY LABS WE WORK ON IN-HOUSE PROJECTS THAT HELP THE ECOSYSTEM AS A WHOLE. THROUGH OUR MICROGRANT PROGRAM, WE FUND AN INCLUSIVE COMMUNITY OF EXPLORERS ACROSS THE WORLD TO WORK ON QUANTUM TECHNOLOGIES.

990 for the year ended December 31, 2024

Program accomplishments

  • UNITARY FUND AWARDED MICROGRANTS TO INDIVIDUALS & ORGANIZATIONS CONSISTING OF APPROXIMATELY 20 TEAMS/INDIVIDUALS PER YEAR. THE GRANT APPLICATIONS ARE REVIEWED BY AN OUTSIDE ADVISORY BOARD CONSISTING OF 15 VOLUNTEERS.
    Expenses $251,927 · grants $114,953
  • UNITARY FUND DEVELOPED MITIQ, AN OPEN SOURCE QUANTUM TOOLKIT TO MITIGATE ERRORS ON CURRENT NOISY QUANTUM COMPUTERS. MITIQ IS THE FIRST TOOLKIT OF ITS KIND AND HAS BEEN CITED NUMEROUS TIMES IN ACADEMIC RESEARCH PAPERS.
    Expenses $409,382
  • UNITARY FUND DEVELOPED METRIQ, A FREE COMMUNITY PLATFORM TO BENCHMARK CURRENT QUANTUM COMPUTERS, AND TO SHARE THE LATEST RESEARCH ACHIEVEMENTS IN THE FIELD.
    Expenses $236,182
  • OTHER PROGRAM SERVICES INCLUDED Q4BIO, A NEW PROJECT STARTED IN 2023, AS WELL AS COMMUNITY PROGRAMS, WHICH COMPRISE OF SMALLER, MISSION ALIGNED PROGRAMS OCCURING THROUGHOUT THE YEAR.
    Expenses $677,054 · revenue $39,960

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
83-1592799
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2018
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$786,032
Income (IRS master file)
$1,999,482

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$1,999,482$1,829,133$786,032XML
990December 2023$1,496,005$1,383,885$665,810XML
990December 2022$835,211$903,685$536,413IRS
990December 2021–––IRS
990December 2020–––IRS
990-N for 2018
Officer: William Zeng
Filed under this EIN, most likely by a chapter or affiliate
December 31, 2018≤ $50,000 receipts––e-Postcard

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 83-1592799).

Questions about UNITARY FUND

What is the EIN of UNITARY FUND?
The employer identification number (EIN) of UNITARY FUND is 83-1592799.
Is UNITARY FUND tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2018.
Are donations to UNITARY FUND tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does UNITARY FUND file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of UNITARY FUND due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did UNITARY FUND last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of UNITARY FUND?
The 990 for the year ended December 31, 2024 names WILLIAM ZENG.
Who are the officers and directors of UNITARY FUND?
The 990 for the year ended December 31, 2024 lists 6 people; 2 received compensation from the organization, the highest $209,583 (WILLIAM ZENG, PRESIDENT).
How much revenue does UNITARY FUND have?
On its 990 for the year ended December 31, 2024 it reported revenue of $1,999,482, expenses of $1,829,133 and total assets of $786,032 at year end.

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