Civic Intelligence

Technovation

EIN 20-8386654 • 501(c)3 • Menlo Park, CA

Pub. 78 Eligible

View Organization Page

Profile

Iridescents mission is to create and deliver powerful science, engineering and technology education to help underprivleged young people develop curiosity, creativity and persistence.

700 El Camino Real Pmb 1120 120Menlo Park, CA 94025

www.iridescentlearning.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

67th percentile

0.29x

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

501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

58th percentile

0.22x

Higher debt load relative to revenue than 58% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

66th percentile

14%

Higher net margin than 66% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

93rd percentile

66%

Faster asset growth than 93% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

80th percentile

33%

Faster revenue growth than 80% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets67th percentile

Assets

Up

$4,243,699

Up $1,686,655 (+66%) from 2023

Liabilities

Up

$1,246,231

Up $901,276 (+261%) from 2023

Net Assets

Up

$2,997,468

Up $785,379 (+36%) from 2023

Operations
Liabilities / Revenue58th percentileNet Margin66th percentile

Revenue

Up

$5,596,256

Up $1,403,407 (+33%) from 2023

Expenses

Up

$4,834,181

Up $264,580 (+5.8%) from 2023

Net Income

Up

$762,075

Up $1,138,827 (+302%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth93rd percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$6.0M$4.0M$2.0M$0Assets 2010: $402,722Liabilities 2010: $24,663Net Assets 2010: $378,0592010Assets 2011: $1,170,006Liabilities 2011: $11,754Net Assets 2011: $1,158,2522011Assets 2012: $1,215,150Liabilities 2012: $51,717Net Assets 2012: $1,163,4332012Assets 2013: $2,460,932Liabilities 2013: $10,848Net Assets 2013: $2,450,0842013Assets 2014: $2,989,782Liabilities 2014: $50,880Net Assets 2014: $2,938,9022014Assets 2015: $2,613,346Liabilities 2015: $353,313Net Assets 2015: $2,260,0332015Assets 2016: $2,030,578Liabilities 2016: $867,653Net Assets 2016: $1,162,9252016Assets 2017: $2,118,922Liabilities 2017: $759,166Net Assets 2017: $1,359,7562017Assets 2018: $2,269,067Liabilities 2018: $700,044Net Assets 2018: $1,569,0232018Assets 2019: $2,693,888Liabilities 2019: $83,473Net Assets 2019: $2,610,4152019Assets 2020: $2,329,514Liabilities 2020: $245,485Net Assets 2020: $2,084,0292020Assets 2021: $3,118,299Liabilities 2021: $271,675Net Assets 2021: $2,846,6242021Assets 2022: $2,890,044Liabilities 2022: $319,998Net Assets 2022: $2,570,0462022Assets 2023: $2,557,044Liabilities 2023: $344,955Net Assets 2023: $2,212,0892023Assets 2024: $4,243,699Liabilities 2024: $1,246,231Net Assets 2024: $2,997,4682024

Highlighted filing

2024

Assets$4,243,699
Liabilities$1,246,231
Net Assets$2,997,468
Open 2024 Filing

Operations Trend

Revenue Growth80th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2010: $1,178,472Expenses 2010: $845,502Net Income 2010: $332,9702010Expenses 2011: $1,919,2672011Expenses 2012: $2,330,0852012Revenue 2013: $3,487,102Expenses 2013: $2,200,451Net Income 2013: $1,286,6512013Revenue 2014: $3,085,959Expenses 2014: $2,597,141Net Income 2014: $488,8182014Revenue 2015: $2,219,628Expenses 2015: $2,898,497Net Income 2015: -$678,8692015Revenue 2016: $2,135,900Expenses 2016: $3,233,008Net Income 2016: -$1,097,1082016Revenue 2017: $3,483,091Expenses 2017: $3,286,260Net Income 2017: $196,8312017Revenue 2018: $3,993,687Expenses 2018: $3,784,420Net Income 2018: $209,2672018Revenue 2019: $4,371,146Expenses 2019: $3,329,754Net Income 2019: $1,041,3922019Revenue 2020: $2,256,472Expenses 2020: $2,782,858Net Income 2020: -$526,3862020Revenue 2021: $3,683,772Expenses 2021: $2,921,177Net Income 2021: $762,5952021Revenue 2022: $3,140,037Expenses 2022: $3,382,253Net Income 2022: -$242,2162022Revenue 2023: $4,192,849Expenses 2023: $4,569,601Net Income 2023: -$376,7522023Revenue 2024: $5,596,256Expenses 2024: $4,834,181Net Income 2024: $762,0752024

Highlighted filing

2024

Revenue$5,596,256
Expenses$4,834,181
Net Income$762,075
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,243,699
Liabilities
$1,246,231
Net assets
$2,997,468
Revenue
$5,596,256
Expenses
$4,834,181
Net income
$762,075
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.24$1.25$3.00$5.60$4.83$0.76
2023Detailed filing. Detailed filing data is available for this year.$2.56$0.34$2.21$4.19$4.57$0.38
2022Detailed filing. Detailed filing data is available for this year.$2.89$0.32$2.57$3.14$3.38$0.24
2021Detailed filing. Detailed filing data is available for this year.$3.12$0.27$2.85$3.68$2.92$0.76
2020Detailed filing. Detailed filing data is available for this year.$2.33$0.25$2.08$2.26$2.78$0.53
2019Summary only. Only limited summary data is available for this year.$2.69$0.08$2.61$4.37$3.33$1.04
2018Detailed filing. Detailed filing data is available for this year.$2.27$0.70$1.57$3.99$3.78$0.21
2017Detailed filing. Detailed filing data is available for this year.$2.12$0.76$1.36$3.48$3.29$0.20
2016Detailed filing. Detailed filing data is available for this year.$2.03$0.87$1.16$2.14$3.23$1.10
2015Detailed filing. Detailed filing data is available for this year.$2.61$0.35$2.26$2.22$2.90$0.68
2014Detailed filing. Detailed filing data is available for this year.$2.99$0.05$2.94$3.09$2.60$0.49
2013Detailed filing. Detailed filing data is available for this year.$2.46$0.01$2.45$3.49$2.20$1.29
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.22$0.05$1.16$2.33
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.17$0.01$1.16$1.92
2010Summary only. Only limited summary data is available for this year.$0.40$0.02$0.38$1.18$0.85$0.33
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Sep 5, 2025
Return Version
2024v5.2
Gross Receipts
$5,596,256
Mission and Program Overview

Mission

Iridescents mission is to create and deliver powerful science, engineering and technology education to help underprivleged young people develop curiosity, creativity and persistence.

Empower girls and families to identify community problems and create tech & engineering solutions.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,534,138$1,662,483▲ $128,345
Pledges and Grants Receivable$41,934$1,495,297▲ $1,453,363
Savings and Temporary Cash Investments$813,690$814,835▲ $1,145
Prepaid Expenses and Deferred Charges$95,174$94,204▼ $970
Accounts Receivable-$91,149-
Investments in Publicly Traded Securities$37,272$60,576▲ $23,304
Land, Buildings, and Equipment, Net$8,350$6,021▼ $2,329
Total Assets$2,557,044$4,243,699▲ $1,686,655
Other Assets Total$26,486$19,134▼ $7,352
Liabilities
Deferred Revenue-$956,951-
Accounts Payable and Accrued Expenses$100,991$178,827▲ $77,836
Other Liabilities$243,964$110,453▼ $133,511
Total Liabilities$344,955$1,246,231▲ $901,276
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,712,089$2,439,121▲ $727,032
Net Assets With Donor Restrictions$500,000$558,347▲ $58,347
Total Net Assets Fund Balance$2,212,089$2,997,468▲ $785,379
Total Liabilities and Net Assets / Fund Balance$2,557,044$4,243,699▲ $1,686,655

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$0$965,885$965,885
Equipment$6,021$53,151$59,172
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
Tara ChklovskiFounder/CEOFT$158,698$8,572$167,270
Berenice Thomassiny VillaurrutiaChief Brand OfficerFT$130,410-$130,410
Karen LangCurriculum DeveloperFT$104,206$5,638$109,844
Deborah BoyerCOOFT$103,068$6,253$109,321

Board Members and Trustees

NameTitle
Kate ParkerBoard Chair
Sonya ParkVice Board Chair
Adelia Curits DuarteDirector
Alicia ManchenoDirector
Aliki SofisDirector
Ann WeebyDirector
Birte Hoehne MahyeraDirector
Debra HerschmannDirector
Elizabeth McdonoughDirector
Gabriela BurianDirector
Gauri ManglikDirector
Jessica KungDirector
Kayvan ShahabiDirector
Mukul AggarwalDirector
Sana KhareghaniDirector
Sepehr MoghadamDirector
Heather KnightTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$5,585,761
Program Service Revenue
$10,350
Investment Income
$145
Other Revenue
$0
All Other Contributions
$5,075,247
Change in Net Assets
$762,075

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,596,256
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$31,064
Total Revenue per Audited Statements
$5,627,320
Total Revenue per Form 990
$5,596,256
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,480,238
Other Expenses$955,499
Total Fundraising Expense$592,354
Grants and Similar Amounts Paid$398,444
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,943,231$258,008$408,052$2,609,291
Other Employee Benefits$308,704$43,269$33,845$385,818
Foreign Grants$354,242--$354,242
Current Officers, Directors, Trustees, and Key Employees$205,987$27,350$43,254$276,591
Travel$251,501$2,032$21,773$275,306
Payroll Taxes$157,843$20,182$30,513$208,538
Advertising$170,796--$170,796
All Other Expenses$31,217$5,296$12,915$49,428
Fees for Services Other$18,489$18,928$10,379$47,796
Insurance$554$34,660-$35,214
Grants to Domestic Orgs$32,750--$32,750
Other Expenses$1,134$28,983$1,665$31,782
Grants to Domestic Individuals$11,452--$11,452
Occupancy$8,335-$70$8,405
Interest$575$5,705$81$6,361
Office Expenses$3,118$2,498$606$6,222
Depreciation Depletion-$3,829-$3,829
Total Functional Expenses$3,783,091$458,736$592,354$4,834,181

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$4,841,941
Expenses per Audited Statements$4,834,181
Total Expenses per Form 990$4,834,181
Expenses Not Reported on Form 990$7,760
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Stem Education and Innovation CenterFredericksburg, VA501(c)(3)Mini Grants$5,750

International Summary

Offices
0
Employees
0
Spending
$0

International Compliance

Foreign grant records maintained
No
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Loan Payable$110,453
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 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 8B

“No committee has the authority to act on behalf of the governing body.”

Form 990, Part VI, Section B, Line 11B

“Line 11b explanation - tax return is prepared by independent accountant and reviewed by the coo and the internal accountant and made available to any board member upon request prior to signing and filing.”

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

“Members of the board of directors are mailed the conflict of interest policy document annually and are asked to sign an annual conflict of interest acknowledgement in compliance of the policy.”

Form 990, Part VI, Section B, Line 15A

“The board reviews compensation for the ceo of similiar signed organizations and approves the current ceo's salary.”

Form 990, Part VI, Section C, Line 19

“The organization makes its current dcouments conflict of interest policy and financial statements available to the public.”

Filing and Contact Details

Filer

Filer Name
Technovation
EIN
20-8386654
Phone
2137464453
Address
700 EL CAMINO REAL PMB 1120 120, MENLO PARK, CA 94025

Signing Officer

Name
Tara Chklovski
Title
CEO
Phone
2137464453
Signed
2025-09-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tara Chklovski
Formed
2006
Legal Domicile
CA
Voting Board Members
14
Independent Board Members
14
Employees
39
Volunteers
6,747

Preparer

Firm
Hutchinson and Bloodgood Llp
Address
550 N BRAND BLVD 14TH FLOOR, GLENDALE, CA 91203
Preparer
Georgette M Green
Phone
8186375000
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“Technovation is organized as a california nonprofit corporation and has been recognized by the irs as exempt from federal income taxes under irc section 501(a) as an organization described in irc section 501(c)(3), qualifies for the charitable contribution deduction under irc sections 170 (b)(1)(a)(vi) and (viii), and has been determined not to be private foundation under irc sections 509(a). The entity is annually required to file a return of organization exempt from income tax (form 990) with the irs. In addition, the entity is subject to income tax on net income that is derived from business activities that are unrelated to their exempt purposes. Technovation has determined that it is not subject to unrelated business income tax and has not filed an exempt organization business income tax return (form 990-t) with the irs. U.s. Gaap provides accounting and disclosure guidance about positions taken by an organization on its tax returns that might be uncertain. Management has considered its tax positions and believes that all of the positions taken by technovation in its federal and state exempt organization tax returns are more likely than not to be sustained upon examination. Under the statute of limitations, technovation's returns are subject to examination by federal and state taxing authorities for three and four years, respectively, after they are filed.”

Raw XML AppendixShowing 400 of 655 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
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