2025-11-17T13:28:04-06:00 2024-12-31 331374517 PKF O'CONNOR DAVIES ADVISORY LLC 500 MAMARONECK AVENUE SUITE 301 HARRISON NY 105281633 990 2024-01-01 933985556 PREVAIL FOUNDRY INC PREV 2062768813 2142 ROWLEY AVENUE MADISON WI 53726 DAVID HYLDEN PRESIDENT 2062768813 2025-11-17 1 1 MELISSA MODELSON P01603524 9143818900 2025-11-13 2024 2025-03-06 01:10:19Z DAVID HYLDEN 2142 ROWLEY AVENUE MADISON WI 53726 15069398 0 X N/A X 2023 WI TO SUPPORT ORGANIZATIONS AND DONORS IN WORKING TOGETHER TO PURSUE AMBITIOUS GLOBAL GOALS IN REDUCING POVERTY, ADVANCING EDUCATION AND GLOBAL PUBLIC HEALTH, AND IMPROVING THE ENVIRONMENT. 7 5 0 13 0 0 0 15045000 0 0 0 24398 0 0 0 15069398 0 7685000 0 0 0 0 0 0 285942 0 2432886 0 10117886 0 4951512 0 10064615 0 5113103 0 4951512 TO SUPPORT ORGANIZATIONS AND DONORS IN WORKING TOGETHER TO PURSUE AMBITIOUS GLOBAL GOALS IN REDUCING POVERTY, ADVANCING EDUCATION AND GLOBAL PUBLIC HEALTH, AND IMPROVING THE ENVIRONMENT. 0 0 9296378 7685000 0 IN ITS FIRST TWO YEARS, THE ORGANIZATION HAS LAUNCHED ITS EDUCATION PROGRAM AND WORKED WITH OVER 25 ORGANIZATIONS ACROSS 17 COUNTRIES IN AFRICA AND SOUTH ASIA. THE ORGANIZATION HAS DIRECTLY SUPPORTED LOCAL ORGANIZATIONS TO IMPROVE LITERACY AND NUMERACY SKILLS, SERVING OVER 1,100,000 CHILDREN AS OF DECEMBER 31, 2024. 9296378 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 1 1 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 7 5 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 0 0 X ISABEL VINTON 2062768813 2142 ROWLEY AVENUE MADISON WI 53726 DAVID HYLDEN PRESIDENT 29.00 11.00 X X 0 234834 5003 ANDREW YOUN CHAIR 15.00 5.00 X X 0 151311 360 DR NEIL BUDDY SHAH VICE-CHAIR 1.00 0.00 X X 0 0 0 JOEL ACKERMAN DIRECTOR 1.00 0.00 X 0 0 0 DR ANGELA NYAMBURA GICHAGA DIRECTOR 1.00 0.00 X 0 0 0 SAFEENA HUSAIN DIRECTOR 1.00 0.00 X 0 0 0 FRED SWANIKER DIRECTOR 1.00 0.00 X 0 0 0 ISABEL VINTON TREASURER 18.00 6.00 X 0 77565 846 GIULIA ZINO SECRETARY 29.00 11.00 X 0 168010 8465 0 631720 14674 0 0 1 0 EDUCATIONAL INITIATIVES PRIVATE LIMITED THE FIRST BUILDING CORPORATE HOUSE NYAY MARG VASTRAPUR AHMEDABAD GUJARAT IN 380015 PROGRAM IMPLEMENTATION 450000 1 15045000 15045000 24398 24398 15069398 0 0 24398 2955000 2955000 4730000 4730000 9723 9723 7500 7500 191625 137087 22661 31877 94125 47613 44078 2434 23369 10733 11217 1419 10771 1561 8942 268 61143 51674 9469 37355 28495 8860 881 881 ALLOCATED SALARIES 1396392 738925 417005 240462 PROGRAM SERVICE AGREEME 547500 547500 FIELD VISIT HONORARIUMS 45000 45000 LEARNING & DEVELOPMENT 3965 1220 2745 3537 1570 1954 13 10117886 9296378 535566 285942 964419 6585898 2500000 629 0 13669 0 10064615 750 3470000 0 1642353 0 5113103 X 516310 4435202 0 4951512 0 10064615 4951512 0 X X 0 1 X 1 0 X 0 15045000 15045000 15045000 15045000 9397224 5647776 24398 24398 15069398 X PART IV, SECTION A, LINE 1: THE ORGANIZATION IS REPORTING A SHORT YEAR IN COLUMN (D) 2023 FOR ITS INITIAL YEAR STARTING OCTOBER 4, 2023. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 INTERCOMPANY LIABILITY 1642353 1642353 X 23743115 8673717 8673717 15069398 0 15069398 14186406 4068520 4068520 10117886 0 10117886 PART X, LINE 2: THE FOUNDRY MAKES DISCLOSURES ABOUT THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE FOUNDRY HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. THE FOUNDRY IS NO LONGER SUBJECT TO EXAMINATION BY THE APPLICABLE TAXING JURISDICTIONS FOR PERIODS PRIOR TO DECEMBER 31, 2021. PART XI, LINE 2D - OTHER ADJUSTMENTS: REVENUE ATTRIBUTABLE TO CONSOLIDATED & RELATED ENTITY 8,673,717. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES ATTRIBUTABLE TO CONSOLIDATED & RELATED ENTITY 4,068,520. 1 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 GRANTMAKING 1500000 SOUTH ASIA 0 0 GRANTMAKING 1600000 SUB-SAHARAN AFRICA 0 0 GRANTMAKING 1630000 0 0 0 0 0 0 4730000 0 4730000 EUROPE (INCLUDING ICELAND & GREENLAND) TO SUPPORT THE EXPANSION OF THE EIDU EDUCATION PROGRAM FOR PRE-PRIMARY AND PRIMARY CHILDREN ACROSS KENYA 1500000 WIRE 0 SOUTH ASIA TO SUPPORT THE GRANTEE IN RUNNING DISTRICT PROGRAMME MANAGEMENT UNITS IN SIX DISTRICTS IN UP TO ENHANCE LITERACY AND NUMERACY OUTCOMES FOR CHILDREN. 750000 WIRE 0 SOUTH ASIA TO IMPROVE FOUNDATIONAL LITERACY AND NUMERACY OUTCOMES FOR CHILDREN IN CHANDAULI, UTTAR PRADESH VIA THEIR BLOCK SUPPORT MODEL AND TO SUPPORT THE CENTRAL TEAM AND RELATED COSTS. 600000 WIRE 0 SOUTH ASIA FOR PRODUCT IMPROVEMENT (INCLUDING NEW CONTENT DEVELOPMENT AND FEATURES TO IMPROVE ENGAGEMENT AND LEARNING OUTCOMES) AND STRENGTHENING OPERATIONAL PROCESSES TO DELIVER CHIMPLES CONTENT VIA AT-HOME AND AT-SCHOOL MODELS. 250000 WIRE 0 SUB-SAHARAN AFRICA TO SUPPORT THE IMPLEMENTATION OF THE TARL AFRICAREMEDIATION PROGRAM IN CTE D'IVOIRE. 600000 WIRE 0 SUB-SAHARAN AFRICA TO SUPPORT WORK IN IMPROVING LITERACY AND NUMERACY OUTCOMES FOR CHILDREN IN WESTERN CAPE, SOUTH AFRICA. 500000 WIRE 0 SUB-SAHARAN AFRICA TO SUPPORT THE IMPROVED IMPLEMENTATION AND FIDELITY MONITORING OF THE GRANTEES CATCH-UP PROGRAM AIMED AT IMPROVING NUMERACY AND LITERACY OUTCOMES FOR CHILDREN IN ZAMBIA. 500000 WIRE 0 SUB-SAHARAN AFRICA TO SUPPORT THE GRANTEE'S DEVELOPMENT OF ITS GOVERNMENT COMMUNICATIONS AND RELATIONS STRATEGY WITHIN THEIR GOVERNMENT SCHOOL MODEL FOR THE PERIOD OF 6 MONTHS. 30000 WIRE 0 8 0 0 0 0 0 0 PART I, LINE 2: RECIPIENTS OF OUR FUNDS ARE CHOSEN BASED ON A RIGOROUS DUE-DILIGENCE PROCESS WHERE WE CONSIDER IMPACT OF THEIR PROGRAMS, GROWTH POTENTIAL, AND TALENT AND DATA. FUNDING DECISIONS ARE BASED ON EXTENSIVE BACKGROUND RESEARCH, REVIEW OF THEIR PROGRAM'S DESIGN, FIELD VISITS, AND A FORMAL REVIEW OF THEIR LEGAL, FINANCIAL, AND GOVERNANCE DOCUMENTS. ONCE FUNDED, WE ARE IN CLOSE CONTACT WITH RECIPIENTS AND MONITOR BUDGETED VERSUS ACTUAL EXPENDITURES, PROGRAM IMPLEMENTATION DATA AND PERFORMANCE AGAINST AGREED GOALS. 1 IMAGINE WORLDWIDE 1080 EDGEWOOD AVE MILL VALLEY CA 94941 820990106 501(C)(3) 1250000 0 TO IMPROVE THE ORGANIZATIONS CAPACITY TO DISTRIBUTE, INSTALL, AND MONITOR AFFORDABLE TABLETS FOR THE PURPOSES OF IMPROVING STUDENTS LITERACY FLUENCY. YOUTH IMPACT 2028 E BEN WHITE BLVD 240-3760 AUSTIN TX 78741 364803179 501(C)(3) 710000 0 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. BUILDING TOMORROW INC 615 NORTH ALABAMA STREET SUITE 430 INDIANAPOLIS IN 46204 562614329 501(C)(3) 745000 0 TO SUPPORT THE ROOTS TO RISE PROGRAM IN IMPROVING FOUNDATIONAL LITERACY AND NUMERACY OUTCOMES FOR CHILDREN IN UGANDA. ASSOCIATES IN RESEARCH AND EDUCATION FOR DEVELOPMENT INC 2502 25TH AVE W SEATTLE WA 98199 411694709 501(C)(3) 250000 0 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 4 PART I, LINE 2: RECIPIENTS OF OUR FUNDS ARE CHOSEN BASED ON A RIGOROUS DUE-DILIGENCE PROCESS WHERE WE CONSIDER IMPACT OF THEIR PROGRAMS, GROWTH POTENTIAL, AND TALENT AND DATA. FUNDING DECISIONS ARE BASED ON EXTENSIVE BACKGROUND RESEARCH, REVIEW OF THEIR PROGRAM'S DESIGN, FIELD VISITS, AND A FORMAL REVIEW OF THEIR LEGAL, FINANCIAL, AND GOVERNANCE DOCUMENTS. ONCE FUNDED, WE ARE IN CLOSE CONTACT WITH RECIPIENTS AND MONITOR BUDGETED VERSUS ACTUAL EXPENDITURES, PROGRAM IMPLEMENTATION DATA AND PERFORMANCE AGAINST AGREED GOALS. X X 0 0 0 0 0 0 0 0 0 DAVID HYLDEN PRESIDENT 0 197834 0 26500 0 10500 0 2321 0 2682 0 239837 0 0 GIULIA ZINO SECRETARY 0 168010 0 0 0 0 0 0 0 8465 0 176475 0 0 ANDREW YOUN CHAIR 0 151271 0 0 0 40 0 308 0 52 0 151671 0 0 FORM 990, PART VI, SECTION B, LINE 11B PREVAIL FOUNDRY HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND HAS ESTABLISHED THE FOLLOWING REVIEW PROCESS TO ENSURE THAT THE INFORMATION REPORTED IS COMPLETE AND ACCURATE. WHEN THE FORM 990 HAS BEEN PREPARED, REVIEWED BY THE HEAD OF FINANCE AND IS READY TO BE FILED WITH THE INTERNAL REVENUE SERVICE, IT IS ELECTRONICALLY SENT TO THE BOARD CHAIR, THE PRESIDENT, AND THE BOARD FOR APPROVAL. IF ANY ISSUES ARISE, THEY ARE FORWARDED TO THE OUTSIDE ACCOUNTANT AND THE BOARD REVIEWS AFTER REVISIONS AND RESOLUTIONS. ONCE THE BOARD HAS APPROVED THE RETURN IT IS FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICY THROUGH ANNUAL DISCLOSURE STATEMENTS, BOARD REVIEW, AND PERIODIC OVERSIGHT. EACH COVERED PERSON ANNUALLY SIGNS A CONFLICT OF INTEREST DISCLOSURE STATEMENT AFFIRMING RECEIPT AND COMPLIANCE WITH THE POLICY AND DISCLOSING ANY INTERESTS. WHEN A POTENTIAL CONFLICT ARISES, THE BOARD DETERMINES THAT ALL MATERIAL FACTS REGARDING THE TRANSACTION AND THE INTERESTED PERSON'S INTEREST HAVE BEEN DISCLOSED, AND DELIBERATES AND VOTES ON THE TRANSACTION IN THE ABSENCE OF THE INTERESTED PERSON. THE MINUTES INCLUDE THE NAMES OF INTERESTED PERSONS, THE NATURE OF THEIR INTEREST, ACTIONS TAKEN, AND RESULTS OF THE VOTE. THE BOARD ALSO AUTHORIZES AND OVERSEES A PERIODIC REVIEW OF THE ADMINISTRATION OF THE CONFLICT OF INTEREST POLICY TO ENSURE CONTINUED COMPLIANCE AND EFFECTIVENESS. FORM 990, PART VI, SECTION B, LINE 15A THE INDEPENDENT BOARD OF DIRECTORS ANNUALLY REVIEWS THE FAIRNESS OF THE EXECUTIVE DIRECTOR'S COMPENSATION AND BENEFITS BASED ON AN INTERNAL ANALYSIS WHICH IDENTIFIES A COMPARABLE SET OF PEERS AND GATHERS THEIR PUBLICLY AVAILABLE COMPENSATION INFORMATION. THE INDEPENDENT BOARD REVIEWS AND APPROVES ADJUSTMENTS IN THE EXECUTIVE DIRECTOR'S COMPENSATION AND BENEFITS. THE MINUTES OF THE BOARD MEETING RECORD THE BOARD'S DECISION. THIS PROCESS WAS LAST UNDERTAKEN IN 2024. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE. THE RETURN IS AVAILABLE ON GUIDESTAR.ORG AND OTHER SIMILAR TYPES OF WEBSITES. IN ADDITION, THE FINANCIAL STATEMENTS, ARTICLES OF INCORPORATION, FORM 990, CONFLICT OF INTEREST POLICY, AND BY-LAWS ARE ALSO AVAILABLE UPON WRITTEN REQUEST OR BY CALLING THE ORGANIZATION DIRECTLY. PREVAIL FUND PO BOX 610226 NEWTON MA 02461 872372523 GRANTMAKING MA 501(C)(3) PF PREVAIL FOUNDRY INC 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 PREVAIL FUND R 1642353 COST