Civic Intelligence

Technoserve Inc.

990 • Fiscal year 2014 • EIN 13-2626135

Jan 01, 2014 to Dec 31, 2014 • Filed on Aug 11, 2015

1120 19th Street NW 8th FloorWashington, DC 20036

(202) 785-4515

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

87th percentile

0.86x

Higher debt load relative to assets than 87% of similar nonprofits.

2014 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2014

Liabilities / Revenue

67th percentile

0.77x

Higher debt load relative to revenue than 67% of similar nonprofits.

2014 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2014

Net Margin

33rd percentile

0.5%

Higher net margin than 33% of similar nonprofits.

2014 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2014

Top Officer Pay

61st percentile

$394,502

Higher top officer pay than 61% of similar nonprofits.

Top officer pay equals 0.5% of source-year revenue.

2014 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2014

Asset Growth

82nd percentile

16%

Faster asset growth than 82% of similar nonprofits.

2014 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2013 to 2014

Revenue Growth

23rd percentile

-4.2%

Faster revenue growth than 23% of similar nonprofits.

2014 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2013 to 2014

Assets

Up

$68,802,436

Up $9,543,936 (+16%) from 2013

Net Assets

Up

$9,405,865

Up $242,492 (+2.6%) from 2013

Liabilities

Up

$59,396,571

Up $9,301,444 (+19%) from 2013

Revenue

Down

$76,809,369

Down $3,372,607 (-4.2%) from 2013

Expenses

Up

$76,450,005

Up $1,801,312 (+2.4%) from 2013

Net Income

Down

$359,364

Down $5,173,919 (-94%) from 2013

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$150M$100M$50M$0Assets 2010: $43,608,703Liabilities 2010: $33,686,407Net Assets 2010: $9,922,2962010Assets 2011: $47,744,610Liabilities 2011: $42,396,091Net Assets 2011: $5,348,5192011Assets 2012: $57,256,143Liabilities 2012: $53,504,610Net Assets 2012: $3,751,5332012Assets 2013: $59,258,500Liabilities 2013: $50,095,127Net Assets 2013: $9,163,3732013Assets 2014: $68,802,436Liabilities 2014: $59,396,571Net Assets 2014: $9,405,8652014Assets 2015: $57,355,185Liabilities 2015: $49,810,391Net Assets 2015: $7,544,7942015Assets 2016: $55,398,182Liabilities 2016: $49,686,584Net Assets 2016: $5,711,5982016Assets 2017: $63,448,113Liabilities 2017: $57,096,392Net Assets 2017: $6,351,7212017Assets 2018: $59,419,782Liabilities 2018: $47,896,092Net Assets 2018: $11,523,6902018Assets 2019: $67,539,490Liabilities 2019: $53,839,146Net Assets 2019: $13,700,3442019Assets 2020: $75,594,959Liabilities 2020: $60,565,252Net Assets 2020: $15,029,7072020Assets 2021: $114,276,337Liabilities 2021: $95,352,825Net Assets 2021: $18,923,5122021Assets 2022: $102,404,868Liabilities 2022: $85,170,775Net Assets 2022: $17,234,0932022Assets 2023: $121,078,120Liabilities 2023: $105,795,703Net Assets 2023: $15,282,4172023Assets 2024: $112,788,622Liabilities 2024: $100,747,280Net Assets 2024: $12,041,3422024

Highlighted filing

2014

Assets$68,802,436
Liabilities$59,396,571
Net Assets$9,405,865

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$150M$100M$50M$0-$50MExpenses 2010: $54,464,5602010Revenue 2011: $55,968,254Expenses 2011: $60,697,829Net Income 2011: -$4,729,5752011Expenses 2012: $70,575,7392012Revenue 2013: $80,181,976Expenses 2013: $74,648,693Net Income 2013: $5,533,2832013Revenue 2014: $76,809,369Expenses 2014: $76,450,005Net Income 2014: $359,3642014Revenue 2015: $86,380,866Expenses 2015: $86,614,067Net Income 2015: -$233,2012015Revenue 2016: $85,197,660Expenses 2016: $85,806,073Net Income 2016: -$608,4132016Revenue 2017: $81,258,414Expenses 2017: $80,883,090Net Income 2017: $375,3242017Revenue 2018: $87,452,068Expenses 2018: $84,343,200Net Income 2018: $3,108,8682018Revenue 2019: $86,847,157Expenses 2019: $84,580,247Net Income 2019: $2,266,9102019Revenue 2020: $80,665,477Expenses 2020: $79,222,709Net Income 2020: $1,442,7682020Revenue 2021: $96,632,627Expenses 2021: $92,448,341Net Income 2021: $4,184,2862021Revenue 2022: $93,244,457Expenses 2022: $94,410,840Net Income 2022: -$1,166,3832022Revenue 2023: $115,995,899Expenses 2023: $117,464,138Net Income 2023: -$1,468,2392023Revenue 2024: $122,123,118Expenses 2024: $124,198,818Net Income 2024: -$2,075,7002024

Highlighted filing

2014

Revenue$76,809,369
Expenses$76,450,005
Net Income$359,364
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Aug 11, 2015
Return Version
2014v5.0
Gross Receipts
$76,809,369
Mission and Program Overview

Mission

Technoserve's mission is to fight poverty by helping people build regenerative farms, businesses and markets that increase incomes.

Technoserve helps enterprising men and women in poor areas of the developing world.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$46,507,583$51,448,362▲ $4,940,779
Pledges and Grants Receivable$7,645,438$11,072,314▲ $3,426,876
Land, Buildings, and Equipment, Net$2,283,979$2,061,137▼ $222,842
Accounts Receivable$1,175,435$1,978,840▲ $803,405
Prepaid Expenses and Deferred Charges$1,338,791$1,788,923▲ $450,132
Investments Other Securities$276,817$401,888▲ $125,071
Cash and Non-Interest-Bearing Accounts$12,294$32,568▲ $20,274
Inventories for Sale or Use$18,163$18,404▲ $241
Total Assets$59,258,500$68,802,436▲ $9,543,936
Liabilities
Deferred Revenue$44,352,078$52,822,095▲ $8,470,017
Accounts Payable and Accrued Expenses$2,636,265$3,531,731▲ $895,466
Other Liabilities$3,106,784$3,042,745▼ $64,039
Total Liabilities$50,095,127$59,396,571▲ $9,301,444
Net Assets / Fund Balance
Unrestricted Net Assets$5,985,461$7,533,722▲ $1,548,261
Temporarily Rstr Net Assets$3,177,912$1,872,143▼ $1,305,769
Total Net Assets Fund Balance$9,163,373$9,405,865▲ $242,492
Total Liabilities and Net Assets / Fund Balance$59,258,500$68,802,436▲ $9,543,936

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,011,940$6,325,070$7,337,010
Other Land Buildings$667,562$1,188,484$1,856,046
Buildings$381,635$174,704$556,339
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Brent HabigRegional DirectorFT$172,089$222,413$394,502
Timothy MclellanCOOFT$299,101$57,515$356,616
John WalterCountry DirectorFT$212,905$127,793$340,698
Kindra HalvorsonRegional DirectorFT$169,430$165,519$334,949
Chris DonohueDeputy Rd-eaFT$126,777$196,688$323,465
Simon WinterSenior VP DevelopmentFT$230,104$57,639$287,743
George SchutterCFOFT$226,445$54,261$280,706
Robin PadbergCountry DirectorFT$143,664$136,032$279,696
David BrowningSVPFT$225,320$29,574$254,894
Agnieszka Zieminska YankVP, HrFT$183,112$59,072$242,184
John KeightleyVP, Development & CommunicationsFT$186,867$48,314$235,181
Stacey Daves-ohlinGeneral Counsel/assistant SecretaryFT$105,734$108,454$214,188
William WarshauerPresident & CEOFT$132,272$14,967$147,239

Highest Paid Contractors

ContractorServicesLocationCompensation
Mcgladrey LLPAuditing Services5155 PAYSPHERE CIRCLE, Chicago, IL 60674$168,860
Negus AssociatesConsulting Services1725 I STREET NW STE 300-4, Washington, DC 20006$124,750
Kpmg LLPConsulting ServicesP O BOX 12001 DEPT 0906, Dallas, TX 75312$113,745
-Consulting Services3333 N STREET NW APT 7, Washington, DC 20007$102,240
Revenue and Support

Revenue Composition

Contributions and Grants
$76,304,736
Program Service Revenue
$4,982
Investment Income
$397,601
Other Revenue
$102,050
All Other Contributions
$54,592,742
Change in Net Assets
$359,364

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
Yes

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table2$10,250,377Selling Price
Securities Publicly Traded17$55,147Fair Market Value (FMV)
Total Noncash Contributions19$10,305,524-

Audited Revenue Reconciliation

Revenue per Audited Statements
$76,809,369
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$2,780,613
Total Revenue per Audited Statements
$79,589,982
Total Revenue per Form 990
$76,809,369
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$36,895,295
Other Expenses$35,160,019
Grants and Similar Amounts Paid$4,190,302
Total Fundraising Expense$1,596,278
Professional Fundraising Fees$204,389

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$19,701,312$2,493,742$351,412$22,546,466
Fees for Services Other$11,110,703$975,110$471,293$12,557,106
Other Employee Benefits$7,376,437$1,151,121$172,547$8,700,105
Travel$6,013,282$414,715$43,920$6,471,917
Foreign Grants$4,190,302--$4,190,302
Other Expenses$3,018,821$4,152$604$3,023,577
Current Officers, Directors, Trustees, and Key Employees$1,126,832$1,214,683$193,135$2,534,650
Office Expenses$2,229,444$262,180$22,968$2,514,592
Occupancy$1,308,913$682,183-$1,991,096
Information Technology$1,667,130$222,475$7,422$1,897,027
Payroll Taxes$1,314,703$234,081$34,373$1,583,157
Pension Plan Contributions$1,271,322$226,357$33,238$1,530,917
Depreciation Depletion$656,780$56,869-$713,649
Fees for Services Legal$272,010$114,842-$386,852
Fees for Services Accounting$140,700$178,327-$319,027
Insurance$58,860$220,896-$279,756
Advertising$207,695$3,673-$211,368
Fees for Services Professional Fundraising--$204,389$204,389
Interest$1,081--$1,081
Total Functional Expenses$65,780,151$9,073,576$1,596,278$76,450,005

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$79,246,575
Expenses per Audited Statements$76,450,005
Total Expenses per Form 990$76,450,005
Expenses Not Reported on Form 990$2,796,570
Expenses Not Reported on Financial Statements$0
International Activity

International Summary

Offices
29
Employees
1,433
Spending
$65,780,151

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
Yes
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Sub-saharan AfricaProgram Service---$42,416,037
Central America and the CaribbeanProgram ServiceAg Assistance5190$9,548,384
South AmericaProgram ServiceAg Assistance164$5,181,074
North AmericaProgram ServiceAg Assistance432$2,911,960
Sub-saharan AfricaGrantmaking---$2,643,181
South AsiaProgram ServiceE038380 - 06/02/15 02:28PM WORKSHEET SCHEDULE F--$1,532,394
South AmericaGrantmakingAg Assistance171,068$1,222,902
Central America and the CaribbeanGrantmakingAg Assistance279$318,215
South AsiaGrantmaking---$6,004
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$204,389
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Employee Benefits$3,042,745
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 4

Technoserve amended its certificate of incorporation to change its organizational structure to be a corporation with no members.

Form 990, Part VI, Section B, Line 11

The draft form 990 is prepared and reviewed internally by senior management and provided to the audit committee for review. The final form 990 is distributed to the board of directors prior to filing with the internal revenue service.

Form 990, Part VI, Section B, Line 12C

Technoserve's conflict of interest policy requires each director, officer and key employee to disclose any potential conflict of interest and recuse his/her self from any involvement in a decision in which the individual has or may have a conflict of interest. On an annual basis, each director, officer and key employee is required to complete a statement that includes an acknowledgement that the individual has read and understands the policy, agrees to abide by the policy and discloses any conflicts. In addition, the organization has a policy that clarifies the process in which employees, volunteers and consultants may disclose any possible conflicts of interest.

Form 990, Part VI, Section B, Line 15

The vp of hr conducts reviews of compensation including benchmarking against other non-profit organizations. Senior management salaries and increases are presented to and subject to approval by the compensation committee of the board of directors.

Form 990, Part VI, Section C, Line 19

Financial statements, conflict of interest policy and governing documents are available upon request for the same period of disclosure as set forth in section 6104(d). The organization's most recent form 990 is also available on its website at www.technoserve.org.

Filing and Contact Details

Filer

Filer Name
Technoserve Inc
EIN
13-2626135
Phone
2027854515
Address
1120 19TH STREET NW 8TH FLOOR, WASHINGTON, DC 20036

Signing Officer

Name
William Warshauer
Title
President & CEO
Phone
2027854515
Signed
2015-08-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
William Warshauer
Formed
1969
Legal Domicile
Ny
Voting Board Members
25
Independent Board Members
25
Employees
175
Volunteers
93

Preparer

Firm
Mcgladrey Llp
Address
1861 INTERNATIONAL DRIVE SUITE 400, MCLEAN, VA 22102
Preparer
Yong Zhang CPA
Phone
7033366400
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Professional services: program service expenses 11,110,703. Management and general expenses 975,110. Fundraising expenses 471,293. Total expenses 12,557,106.

FORM 990, PART XI, LINE 9:

Loss on exchange -15,615. Currency translation adjustment -100,915.

Form 990, Part XII, Line 2C

The process for overseeing the audit of the financial statements and selection of an independent accountant that audited the financial statements has been consistent with prior years.

Form 990, Part I, Line 5

Technoserve worldwide number of employees during the 2014 is 1,433, part i line 5 shows 175, for which the organization has issued corresponding w-2s.

Financial Statement Notes

PART X, LINE 2:

Technoserve is exempt from federal income taxes under the provisions of section 501(c)(3) of the internal revenue code. In addition, technoserve has been determined by the internal revenue service not to be a private foundation. Income, which is not related to its exempt purpose, less applicable deductions, is subject to federal and state corporate income taxes. Technoserve had no unrelated business income for the year ended december 31, 2014. Management has evaluated technoserve's tax positions and has concluded that technoserve has taken no uncertain tax positions that require disclosure. Technoserve files tax returns in the u.s. Federal and washington, d.c. Jurisdictions. Generally, technoserve is no longer subject to u.s. Federal or state and local income tax examinations by tax authorities for years before 2011.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Loss on exchange -15,615.

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IRS990/Desc0TECHNOSERVE DEVELOPS BUSINESS SOLUTIONS TO POVERTY BY LINKING PEOPLE TO INFORMATION, CAPITAL AND MARKETS. IT HELPS GROW STRONG MARKETS THAT CREATE INCOME, JOBS AND WEALTH FOR POOR PEOPLE IN THE DEVELOPING WORLD. TECHNOSERVE'S PROGRAMS ADDRESS MARKET INEFFICIENCIES IN THREE PRIMARY WAYS: THEY DEVELOP CAPACITY BY HELPING INDIVIDUALS AND COMMUNITIES ACQUIRE SKILLS, SHARE KNOWLEDGE AND APPLY TECHNOLOGIES NEEDED TO BUILD SUCCESSFUL FARMS AND BUSINESSES; THEY STRENGTHEN MARKET CONNECTIONS BY COORDINATING AMONG INDUSTRY PLAYERS AND CONNECTING EMERGING BUSINESSES AND FARMS TO CAPITAL, NETWORKS AND SUPPLIERS; AND THEY IMPROVE THE BUSINESS ENVIRONMENT BY ADDRESSING THE POLICIES, INFORMATION AND INCENTIVES THAT HELP MARKETS FUNCTION BETTER AND ENCOURAGE SELF-SUSTAINING ECONOMIC ACTIVITY. IN 2014, TECHNOSERVE ASSISTED 325,152 FARMERS TO INCREASE THEIR REVENUES BY MORE THAN $37.8 MILLION; SUPPORTED 2,986 BUSINESSES TO GENERATE INCREMENTAL REVENUES OF MORE THAN $16.5 MILLION; AND SUPPORTED GROWTH THAT LED TO THE CREATION OF 5,610 JOBS PAYING MORE THAN $6.9 MILLION IN WAGES. OVERALL, THESE INCOME SOURCES BENEFITED 1.7 MILLION PEOPLE IN 29 COUNTRIES THROUGHOUT AFRICA, LATIN AMERICA AND ASIA. RECOGNIZING THAT ACCESS TO FINANCE IS A SIGNIFICANT BARRIER FOR SMALLHOLDERS AND ENTREPRENEURS IN THE DEVELOPING WORLD, TECHNOSERVE HELPED MOBILIZE NEARLY $23.9 MILLION IN FINANCING TO FARMERS AND BUSINESSES IN 2014. TECHNOSERVE ALSO CONTINUED FOCUSING ON ITS COMMITMENT TO ENGAGE AND BENEFIT WOMEN ACROSS ALL OF ITS PROGRAMS, WITH WOMEN ACCOUNTING FOR 32 PERCENT OF ALL BENEFICIARIES IN 2014.IN EAST AFRICA, TECHNOSERVE EXPANDED ITS EFFORTS TO ADDRESS YOUTH UNEMPLOYMENT BY LAUNCHING THE SECOND PHASE OF THE SUCCESSFUL STRENGTHENING RURAL YOUTH DEVELOPMENT THROUGH ENTERPRISE PROGRAM (STRYDE); MORE THAN 10,400 YOUNG MEN AND WOMEN PARTICIPATED IN STRYDE TRAINING IN 2014, BUILDING THE SKILLS THEY NEED TO START SMALL BUSINESSES, SECURE FORMAL JOBS OR EXPLORE OPPORTUNITIES IN AGRICULTURE. IN WEST AND SOUTHERN AFRICA, TECHNOSERVE EXPANDED ITS ENTERPRISE DEVELOPMENT WORK INTO TWO NEW LOCATIONS - BENIN AND BOTSWANA - TO SUPPORT THOUSANDS OF ENTREPRENEURS IN GROWING THEIR BUSINESSES AND CREATING SUSTAINABLE JOBS IN THEIR COMMUNITIES. IN LATIN AMERICA, TECHNOSERVE WORKED WITH PERUVIAN FARMERS AND BUSINESSES TO DEVELOP THE COFFEE AND COCOA VALUE CHAINS AS SUSTAINABLE, LEGAL AND PROSPEROUS ALTERNATIVES TO COCO PRODUCTION, GENERATING MORE THAN $3.7 MILLIONS IN INCREMENTAL REVENUE. AND IN ASIA, TECHNOSERVE HELPED FARMERS IN THE RATNAGIRI REGION OF INDIA INCREASE THEIR INCOMES BY IMPROVING THE PRODUCTIVITY AND QUALITY OF THEIR CASHEW NUT AND FRUIT CROPS.
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IRS990/Form990PartVIISectionAGrp/PersonNm2PETER A FLAHERTY
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IRS990/Form990PartVIISectionAGrp/PersonNm4SUZANNE NORA JOHNSON
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IRS990/Form990PartVIISectionAGrp/PersonNm7TITUS BRENNINKMEIJER
IRS990/Form990PartVIISectionAGrp/PersonNm8MICHAEL J BUSH
IRS990/Form990PartVIISectionAGrp/PersonNm9ROBERT B CALHOUN
IRS990/Form990PartVIISectionAGrp/PersonNm10ALAN COHEN
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IRS990/Form990PartVIISectionAGrp/PersonNm34BRENT HABIG
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IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$113$101$12.0$122$124$2.08
2023Detailed filing. Detailed filing data is available for this year.$121$106$15.3$116$117$1.47
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$102$85.2$17.2$93.2$94.4$1.17
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$114$95.4$18.9$96.6$92.4$4.18
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$75.6$60.6$15.0$80.7$79.2$1.44
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$67.5$53.8$13.7$86.8$84.6$2.27
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$59.4$47.9$11.5$87.5$84.3$3.11
2017Detailed filing. Detailed filing data is available for this year.$63.4$57.1$6.35$81.3$80.9$0.38
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$55.4$49.7$5.71$85.2$85.8$0.61
2015Detailed filing. Detailed filing data is available for this year.$57.4$49.8$7.54$86.4$86.6$0.23
2014Detailed filing. Detailed filing data is available for this year.$68.8$59.4$9.41$76.8$76.5$0.36
2013Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$59.3$50.1$9.16$80.2$74.6$5.53
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$57.3$53.5$3.75$70.6
2011Summary only. Only limited summary data is available for this year.$47.7$42.4$5.35$56.0$60.7$4.73
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$43.6$33.7$9.92$54.5