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Nonprofiteer
← PREVAIL FOUNDRY INC

Form 990 for tax year 2024

Filed by PREVAIL FOUNDRY INC.

Totals

Total revenue
$15,069,398
Total expenses
$10,117,886
Contributions and grants received
$15,045,000
Grants paid
$7,685,000
Program service revenue
$0
Investment income
$24,398
Other revenue
$0
Total assets, end of year
$10,064,615
Total liabilities, end of year
$5,113,103
Net assets or fund balances, end of year
$4,951,512
Program services expenses (Part IX)
$9,296,378
Management and general expenses
$535,566
Fundraising expenses
$285,942
Program service expenses (Part III)
$9,296,378

Program services were 91.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • DAVID HYLDEN

    PRESIDENT

    Total calculated
    $239,837
    From this org
    $0
    From related orgs
    $234,834
    Other
    $5,003
    Hours/week
    29 + 11 related

    Schedule J breakdown matched by us

    Base
    $0 + $197,834 related
    Bonus
    $0 + $26,500 related
    Other
    $0 + $10,500 related
    Deferred
    $0 + $2,321 related
    Nontaxable benefits
    $0 + $2,682 related
    Filer's total
    $0 + $239,837 related

  • ANDREW YOUN

    CHAIR

    Total calculated
    $151,671
    From this org
    $0
    From related orgs
    $151,311
    Other
    $360
    Hours/week
    15 + 5 related

    Schedule J breakdown matched by us

    Base
    $0 + $151,271 related
    Bonus
    $0
    Other
    $0 + $40 related
    Deferred
    $0 + $308 related
    Nontaxable benefits
    $0 + $52 related
    Filer's total
    $0 + $151,671 related

  • DR NEIL BUDDY SHAH

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    1

  • JOEL ACKERMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DR ANGELA NYAMBURA GICHAGA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SAFEENA HUSAIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • FRED SWANIKER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ISABEL VINTON

    TREASURER

    Total calculated
    $78,411
    From this org
    $0
    From related orgs
    $77,565
    Other
    $846
    Hours/week
    18 + 6 related

  • GIULIA ZINO

    SECRETARY

    Total calculated
    $176,475
    From this org
    $0
    From related orgs
    $168,010
    Other
    $8,465
    Hours/week
    29 + 11 related

    Schedule J breakdown matched by us

    Base
    $0 + $168,010 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $8,465 related
    Filer's total
    $0 + $176,475 related

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

  • IMAGINE WORLDWIDE

    $1,250,000

    TO IMPROVE THE ORGANIZATIONS CAPACITY TO DISTRIBUTE, INSTALL, AND MONITOR AFFORDABLE TABLETS FOR THE PURPOSES OF IMPROVING STUDENTS LITERACY FLUENCY.

  • BUILDING TOMORROW INC

    $745,000

    TO SUPPORT THE ROOTS TO RISE PROGRAM IN IMPROVING FOUNDATIONAL LITERACY AND NUMERACY OUTCOMES FOR CHILDREN IN UGANDA.

  • YOUTH IMPACT

    $710,000

    TO SUPPORT THE SCALE-UP OF THE GRANTEE'S TARL PROGRAM, AIMING TO IMPROVE NUMERACY AND LITERACY OUTCOMES FOR CHILDREN IN BOTSWANA, AS WELL AS TO BUILD CAPACITY IN OTHER ORGANIZATIONS REGARDING ROUTINE DATA FLOWS AND AB TESTS.

  • ASSOCIATES IN RESEARCH AND EDUCATION FOR DEVELOPMENT INC

    $250,000

    TO SUPPORT THE PILOT AND ASSOCIATED ACTIVITIES OF THE GRANTEES NEW REMEDIAL MODEL, NDAW WUNE HARMONIS, WHICH AIMS TO IMPROVE LITERACY AND NUMERACY OUTCOMES FOR CHILDREN IN SENEGAL

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • PREVAIL FUND

    501(C)(3) · GRANTMAKING · MA · controlled entity

    Directly controlled by PREVAIL FOUNDRY INC

Provenance

Return type
form_990
Tax year
2024
Filed
17 November 2025
IRS schema version
2024v5.2
Source object
202533219349312348

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