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Nonprofiteer
← ARC PRIZE FOUNDATION

Form 990 for tax year 2024

Filed by ARC PRIZE FOUNDATION.

Totals

Total revenue
$1,100,498
Total expenses
$290,559
Contributions and grants received
$1,100,000
Grants paid
$147,159
Program service revenue
$0
Investment income
$0
Other revenue
$498
Total assets, end of year
$913,461
Total liabilities, end of year
$103,522
Net assets or fund balances, end of year
$809,939
Program services expenses (Part IX)
$269,624
Management and general expenses
$8,293
Fundraising expenses
$12,642
Program service expenses (Part III)
$269,624

Program services were 92.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $1,100,000

  • 11a · Other revenue: OTHER INCOME

    total $498 · excluded $498

  • 11e · Other revenue, total

    $498

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $147,159 · program services $147,159

  • 11g · Fees: other

    total $2,800 · program services $2,391 · management and general $162 · fundraising $247

  • 12 · Advertising and promotion

    total $8,791 · program services $7,508 · management and general $508 · fundraising $775

  • 13 · Office expenses

    total $4,073 · program services $3,478 · management and general $235 · fundraising $360

  • 14 · Information technology

    total $13,566 · program services $11,585 · management and general $785 · fundraising $1,196

  • 17 · Travel

    total $25,614 · program services $21,875 · management and general $1,481 · fundraising $2,258

  • 19 · Conferences, conventions and meetings

    total $1,548 · program services $1,322 · management and general $90 · fundraising $136

  • 24a · Other expenses: LEARNING & DEVELOPMENT

    total $87,008 · program services $74,306 · management and general $5,032 · fundraising $7,670

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $913,461

  • 17 · Accounts payable and accrued expenses

    end of year $103,522

  • 27 · Net assets without donor restrictions

    end of year $809,939

Mission and programs · 2024

Mission

THE ARC PRIZE FOUNDATION ADVANCES PROGRESS TOWARD ARTIFICIAL GENERAL INTELLIGENCE (AGI) BY CREATING PUBLIC BENCHMARKS, RUNNING COMPETITIONS,AND FOSTERING A GLOBAL RESEARCH COMMUNITY. WE EDUCATE STUDENTS, RESEARCHERS, AND THE BROADER PUBLIC ABOUT INTELLIGENCE AND MODEL PERFORMANCE, ENSURING THAT SCIENTIFIC PROGRESS IS TRANSPARENT AND WIDELY UNDERSTOOD.

Activities or mission (Part I)

SEE PART III, LINE 1.

  • COMPETITIONS AND RESEARCH PRIZES: ARC PRIZE FACILITATED COMPETITIVE RESEARCH BY AWARDING PAPER PRIZES TO COMMUNITY MEMBERS PRODUCING SIGNIFICANT ADVANCES IN AI BENCHMARKING. THESE COMPETITIONS ENCOURAGED INNOVATIVE METHODS FOR EVALUATING GENERAL INTELLIGENCE AND GENERATED PEER-REVIEWED WORK THAT ADVANCES THE SCIENTIFIC UNDERSTANDING OF AI SYSTEMS. PRIZES SERVED AS BOTH RECOGNITION AND INCENTIVE FOR CUTTING-EDGE RESEARCH.

    Expenses $147,159 · Grants $147,159

  • PUBLIC MODEL TESTING AND REPORTING: ARC PRIZE TESTED PUBLICLY AVAILABLE AI MODELS AGAINST OUR BENCHMARK TASKS, PUBLISHING RESULTS AND ANALYSES FOR THE RESEARCH COMMUNITY AND GENERAL PUBLIC. THIS PROGRAM PROVIDED TRANSPARENT DATA ON MODEL PERFORMANCE, EDUCATED THE PUBLIC ABOUT THE STATE OF AI, AND ESTABLISHED BASELINE METRICS FOR EVALUATING PROGRESS TOWARD AGI. BY SHARING FINDINGS OPENLY, ARC PRIZE HELPED LABS, RESEARCHERS, AND POLICYMAKERS UNDERSTAND MODEL CAPABILITIES AND LIMITATIONS.

    Expenses $77,465

  • UNIVERSITY TOUR AND EDUCATION OUTREACH: IN 2024, ARC PRIZE HOSTED A NATIONWIDE UNIVERSITY TOUR, VISITING OVER 15 SCHOOLS ACROSS THE UNITED STATES. THROUGH LECTURES, WORKSHOPS, AND DISCUSSIONS, WE EDUCATED THOUSANDS OF STUDENTS ABOUT THE ARC PRIZE MISSION, OUR APPROACH TO MEASURING INTELLIGENCE, AND OPPORTUNITIES FOR PARTICIPATION IN AI BENCHMARKING RESEARCH. THIS PROGRAM EXPANDED AWARENESS OF AGI RESEARCH AND INSPIRED A NEW GENERATION OF STUDENTS TO ENGAGE WITH THE FIELD

    Expenses $45,000

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Greg Kamradt See Sched O

    PRESIDENT

    Total calculated
    $0
    Hours/week
    60

  • Francois Chollet

    TREASURER

    Total calculated
    $0
    Hours/week
    20

  • Mike Knoop

    MEMBER

    Total calculated
    $0
    Hours/week
    20

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
7 November 2025
IRS schema version
2024v5.2
Source object
202523119349301902

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