NonprofitsUnitary Fund

Science & Technology

Unitary Fund

SAN FRANCISCO, CA

Total revenue

$2.0M

Total expenses

$1.8M

Net assets

$629K

Grants received

$608K

5 grants

EIN

831592799

Tax year

2024

Mission

Creating a quantum technology ecosystem that benefits most people.

Programs

3 programs

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: $409K

Unitary fund developed metriq, a free community platform to benchmark current quantum computers, and to share the latest research achievements in the field.

Expenses: $236K

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: $677K

Financials

FY 2024

Revenue

Contributions & grants$2.0M
Program service revenue$40K
Investment income
Other revenue
Total revenue$2.0M

Expenses

Grants paid$115K
Salaries & benefits$1.2M
Fundraising$85K
Other expenses$550K
Total expenses$1.8M
Total assets$786K
Net assets$629K

People

6 listed

NameRoleCompensation

WILLIAM ZENG

PRESIDENT

Board

$210K

20 hrs/wk

NATHAN SHAMMAH

CTO

Board

$128K

40 hrs/wk

TRAVIS SCHOLTEN

SECRETARY

Board

0

CHRISTOPHE JURCZAK

TREASURER

Board

0

ANASTASIA GAMICK

BOARD MEMBER

Board

0

ELIZABETH DURST

BOARD MEMBER

Board

0

Grants received

Showing 5 of 5

FromAmountPurposeYear
$250K
TO PROVIDE SUPPORT FOR CREATING PUBLIC GOODS FOR QUANTUM TECHNOLOGIES.
2023
$150K
SEE SUPPLEMENTAL SECTION FOR GRANT PURPOSE.
2023
$113K
SEE SUPPLEMENTAL SECTION FOR GRANT PURPOSE.
2022
$20K
CHARITABLE DONATION
2022
$75K
SEE SUPPLEMENTAL SECTION FOR GRANT PURPOSE.
2021

Funded by

$608K from 3 funders · 5 grants · 2021–2023

In-Q-Tel Inc

$338K · 3 grants · 2021–2023

The Eric And Wendy Schmidt Fund For

$250K · 1 grant · 2023

Charities Aid Foundation America

$20K · 1 grant · 2022

Details

EIN831592799
NTEE codeU12
Subsection03
Ruling date2018-08
Formed2018
Employees8
Volunteers85
UNITARY FUND — Mission, Financials & Grants Received | Grantivo