Nonprofit · EIN 85-4217292
IPD BREAKTHROUGH FUND
Tax-exempt · SEATTLE, WA 98101
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $9,216,956 | $3,835,742 | $5,381,214 | $19,938,349 | $0 | $19,938,349 |
| December 31, 2023 | 990 | $3,509,518 | $2,810,595 | $698,923 | $15,831,812 | $1,071,186 | $14,760,626 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $8,209,289
- Program service revenue
- $0
- Investment income
- $1,007,667
- Net gain from sales of assets
- $449,514
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $3,800,000
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $205
- Accounting fees
- $3,900
- Program services (functional)
- $3,800,000
- Management and general (functional)
- $35,742
Balance sheet and other
- Total assets, start of year
- $15,831,812
- Total assets, end of year
- $19,938,349
- Total liabilities, end of year
- $0
- Net assets, end of year
- $19,938,349
- Publicly traded securities
- $19,928,923
- Net assets without donor restrictions
- $19,938,349
- Gross receipts
- $9,216,956
- Employees
- 0
- Volunteers
- 3
- Year formed
- 2020
- State of legal domicile
- WA
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.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| STEVE ANDRYSZEWSKI | TREASURER Officer | 1 | $0 | $191,463 | $23,010 |
| MICHAEL STARK | SECRETARY Officer | 1 | $0 | $99,955 | $11,061 |
| BRYAN WHITE | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| RON HOWELL | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MAGGIE WALKER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| STEVE ANDRYSZEWSKI | TREASURER Officer | 1 | $0 | $184,333 | $21,497 |
| MICHAEL STARK | SECRETARY Officer | 1 | $0 | $90,819 | $13,278 |
| BRYAN WHITE | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| RON HOWELL | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MAGGIE WALKER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1601 5TH AVE STE 1900, SEATTLE, WA 98101-3615
- In care of
- % ALLISON PARKER
- Principal officer (990 for 2024)
- MANDY HUGGARD, 1601 FIFTH AVE 1900, SEATTLE, WA 98101
- Signed the 990
- MANDY HUGGARD, TREASURER
- Phone
- (206) 622-2294
- Return prepared by
- CLARK NUBER PS
Mission
TYPE I SUPPORTING ORGANIZATION UNDER IRC SECTION 509(A)(3) TO SEATTLE FOUNDATION, UNIVERSITY OF WASHINGTON, AND UNIVERSITY OF WASHINGTON FOUNDATION.
Program accomplishments
- THE IPD BREAKTHROUGH FUND IS ORGANIZED AND OPERATED AS A SUPPORTING ORGANIZATION TO SEATTLE FOUNDATION, UNIVERSITY OF WASHINGTON AND UNIVERSITY OF WASHINGTON FOUNDATION. THE IPD BREAKTHROUGH FUND WILL SUPPORT THE DEVELOPMENT OF PROTEIN DESIGN, PRIMARILY AT THE UNIVERSITY OF WASHINGTON. SEATTLE FOUNDATION MAKES GRANTS FOR THE BENEFIT OF RESIDENTS OF THE GREATER PUGET SOUND AREA. THE IPD BREAKTHROUGH FUND MAKES GRANTS IN SUPPORT OF SEATTLE FOUNDATION'S CHARITABLE PURPOSE.Expenses $3,800,000 · grants $3,800,000
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 85-4217292
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization, Type I
- Donations deductible (Pub 78)
- Supporting organization, 50% limit
- Exempt since
- 2021
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T12)
- Assets (IRS master file)
- $19,938,349
- Income (IRS master file)
- $9,216,956
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $9,216,956 | $3,835,742 | $19,938,349 | IRS |
| 990 | December 2023 | $3,509,518 | $2,810,595 | $15,831,812 | XML |
| 990 | December 2022 | $4,062,217 | $1,213,315 | $13,296,480 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
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 85-4217292).
Questions about IPD BREAKTHROUGH FUND
- What is the EIN of IPD BREAKTHROUGH FUND?
- The employer identification number (EIN) of IPD BREAKTHROUGH FUND is 85-4217292.
- Is IPD BREAKTHROUGH FUND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to IPD BREAKTHROUGH FUND tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
- Which annual return does IPD BREAKTHROUGH 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 IPD BREAKTHROUGH 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 IPD BREAKTHROUGH 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 IPD BREAKTHROUGH FUND?
- The 990 for the year ended December 31, 2024 names MANDY HUGGARD.
- Who are the officers and directors of IPD BREAKTHROUGH FUND?
- The 990 for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
- How much revenue does IPD BREAKTHROUGH FUND have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $9,216,956, expenses of $3,835,742 and total assets of $19,938,349 at year end.
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