Civic Intelligence

Techfreedom

990 • Fiscal year 2017 • EIN 27-3567814

Jan 01, 2017 to Dec 31, 2017 • Filed on May 25, 2018

110 Maryland Ave NE Suite 409Washington, DC 20002

(202) 681-0871

Siviq Scores

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

Liabilities / Assets

48th percentile

0.08x

Higher debt load relative to assets than 48% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

20th percentile

0.01x

Higher debt load relative to revenue than 20% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

39th percentile

-0.1%

Higher net margin than 39% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

85th percentile

$158,559

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 14.4% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

58th percentile

6.1%

Faster asset growth than 58% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

91st percentile

78%

Faster revenue growth than 91% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Up

$106,021

Up $6,088 (+6.1%) from 2016

Net Assets

Down

$97,598

Down $592 (-0.6%) from 2016

Liabilities

Up

$8,423

Up $6,680 (+383%) from 2016

Revenue

Up

$1,101,294

Up $481,689 (+78%) from 2016

Expenses

Up

$1,101,886

Up $440,479 (+67%) from 2016

Net Income

Up

-$592

Up $41,210 (+99%) from 2016

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2014: $215,093Liabilities 2014: $1,743Net Assets 2014: $213,3502014Assets 2016: $99,933Liabilities 2016: $1,743Net Assets 2016: $98,1902016Assets 2017: $106,021Liabilities 2017: $8,423Net Assets 2017: $97,5982017Assets 2018: $122,986Liabilities 2018: $27,622Net Assets 2018: $95,3642018Assets 2021: $682,336Liabilities 2021: $46,014Net Assets 2021: $636,3222021Assets 2022: $609,316Liabilities 2022: $60,708Net Assets 2022: $548,6082022Assets 2024: $130,714Liabilities 2024: $27,704Net Assets 2024: $103,0102024

Highlighted filing

2017

Assets$106,021
Liabilities$8,423
Net Assets$97,598

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2014: $563,536Expenses 2014: $594,851Net Income 2014: -$31,3152014Revenue 2016: $619,605Expenses 2016: $661,407Net Income 2016: -$41,8022016Revenue 2017: $1,101,294Expenses 2017: $1,101,886Net Income 2017: -$5922017Revenue 2018: $739,051Expenses 2018: $741,285Net Income 2018: -$2,2342018Revenue 2021: $1,262,524Expenses 2021: $1,255,689Net Income 2021: $6,8352021Revenue 2022: $1,579,008Expenses 2022: $1,666,722Net Income 2022: -$87,7142022Revenue 2024: $1,459,546Expenses 2024: $1,701,551Net Income 2024: -$242,0052024

Highlighted filing

2017

Revenue$1,101,294
Expenses$1,101,886
Net Income-$592
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
May 25, 2018
Return Version
2017v2.3
Gross Receipts
$1,101,294
Mission and Program Overview

Mission

Techfreedom's mission is to promote the progress of technology that improves the human condition and expands individual capacity to choose. Techfreedom advances the freedoms that make experimentation, entrepreneurship and investment possible, and thus unleash the ultimate resource, human ingenuity. On a wide variety of issues, techfreedom will outline a path forward for policymakers towards a bright future where technology enhances freedom and freedom enhances technology.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$93,587$63,960▼ $29,627
Intangible Assets-$29,167-
Accounts Receivable-$6,009-
Land, Buildings, and Equipment, Net$3,516$4,055▲ $539
Total Assets$99,933$106,021▲ $6,088
Other Assets Total$2,830$2,830→ $0
Liabilities
Accounts Payable and Accrued Expenses-$8,423-
Other Liabilities$1,743--
Total Liabilities$1,743$8,423▲ $6,680
Net Assets / Fund Balance
Unrestricted Net Assets$98,190$97,598▼ $592
Total Net Assets Fund Balance$98,190$97,598▼ $592
Total Liabilities and Net Assets / Fund Balance$99,933$106,021▲ $6,088

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$2,511$5,138$7,649
Other Land Buildings$1,544$258$1,802
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Berin SzokaPresidentFT$152,000$6,559$158,559
Austin Frank CarsonExecutive DiFT$132,532$5,795$138,327

Board Members and Trustees

NameTitle
Daniel MindusDirector
Kelly YoungDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$1,101,294
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$1,101,294
Change in Net Assets
$-592
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$753,681
Other Expenses$348,205
Total Fundraising Expense$67,419
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$211,170$191,058-$402,228
Current Officers, Directors, Trustees, and Key Employees$199,172$42,680$42,680$284,532
Conferences and Meetings$110,555$7,221$2,379$120,155
Occupancy$42,274$13,479$5,514$61,267
Travel$55,372--$55,372
Payroll Taxes$32,260$19,213$3,094$54,567
Advertising$26,928$8,586$3,512$39,026
Fees for Services Other-$15,551$6,946$22,497
Fees for Services Legal$9,630$3,071$1,256$13,957
Other Employee Benefits-$12,354-$12,354
Office Expenses$5,744$1,831$749$8,324
Information Technology$4,974$1,586$649$7,209
Depreciation Depletion$4,895$1,561$640$7,096
Other Expenses$100$3,165-$3,265
Insurance-$2,927-$2,927
Total Functional Expenses$703,074$331,393$67,419$1,101,886
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
Yes
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
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
Yes
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, Page 6, Part VI, Line 11B

Techfreedom provides a copy of it's form 990 to it's board of directors prior to filing the return with the internal revenue service. The board of directors are provided a reasonable amount of time to ask any questions or raise any concerns regarding the form 990 prior to submission to the irs. Techfreedom engages an outsourced accountant to prepare it's form 990. Once prepared by the outsourced accountant, techfreedom's ceo and coo review the form 990 for accuracy and completeness prior to signing the return.

Form 990, Page 6, Part VI, Line 12C

Techfreedom reviews its conflict of interest policy, as well as compliance with its policy, on an annual basis. To date, no conflicts have occurred.

Form 990, Page 6, Part VI, Line 15A

To determine executive, key employee, and officer compensation, techfreedom reviewed the salaries of similar employees at other nonprofit think-tanks. The compensation review of comparable employees was performed through a review of similar organization's form 990's. Techfreedom reviews independent data and other comparable data any time a change in compensation is considered. In addition, the board of directors approves all compensation of executives, key employees, and officers. This process was last conducted in 2014.

Form 990, Page 6, Part VI, Line 15B

To determine executive, key employee, and officer compensation, techfreedom reviewed the salaries of similar employees at other nonprofit think-tanks. The compensation review of comparable employees was performed through a review of similar organization's form 990's. Techfreedom reviews independent data and other comparable data any time a change in compensation is considered. In addition, the board of directors approves all compensation of executives, key employees, and officers. This process was last conducted in 2014.

Form 990, Page 6, Part VI, Line 19

Techfreedom's governing documents, conflict of interest policy, and financial statements are made available to the public based on the public's need and approval from techfreedom's treasurer. Anyone with valid reason for doing so is welcome to send a request to view these documents to techfreedom's treasurer. The treasurer will provide the requested document (s) to the requesting individual, if appropriate.

Filing and Contact Details

Filer

Filer Name
Techfreedom
EIN
27-3567814
Phone
2026810871
Address
110 MARYLAND AVE NE SUITE 409, WASHINGTON, DC 20002

Signing Officer

Name
Berin Szoka
Title
President
Phone
2026810871
Signed
2018-05-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Berin Szoka
Formed
2010
Legal Domicile
Dc
Voting Board Members
3
Independent Board Members
3
Employees
13
Volunteers
2

Preparer

Firm
The Js Miller Group Pllc
Address
1775 EYE STREET NW SUITE 1150, WASHINGTON, DC 20006
Preparer
David Nagy
Phone
8774456044
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Techfreedom's mission is to promote the progress of technology that improves the human condition and expands individual capacity to choose. Techfreedom advances the freedoms that make experimentation, entrepreneurship and investment possible, and thus unleash the ultimate resource, human ingenuity. On a wide variety of issues, techfreedom will outline a path forward for policymakers towards a bright future where technology enhances freedom and freedom enhances technology.

Raw XML Appendix379 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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IRS990ScheduleC/SupplementalInformationDetail/ExplanationTxt0IN 2017, TECHFREEDOM CONTACTED LEGISLATURES AND GOVERNMENT ENTITIES WITH THE PURPOSE OF INFLUENCING THEIR DECISION ON SUPPORTING AND OPPOSING TECH- RELATED LEGISLATION. IN ADDITION, TECHFREEDOM USED SOCIAL AND PRINT MEDIA TO URGE THE PUBLIC WITH CALLS TO ACTION. TECHFREEDOM'S LOBBYING EFFORTS WERE LIMITED AND IN LINE WITH THE ORGANIZATION'S MISSION OF PROMOTING POLICIES THAT ENABLE TECHNOLOGY TO FLOURISH AND IMPROVE THE HUMAN CONDITION.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TECHFREEDOM'S MISSION IS TO PROMOTE THE PROGRESS OF TECHNOLOGY THAT IMPROVES THE HUMAN CONDITION AND EXPANDS INDIVIDUAL CAPACITY TO CHOOSE. TECHFREEDOM ADVANCES THE FREEDOMS THAT MAKE EXPERIMENTATION, ENTREPRENEURSHIP AND INVESTMENT POSSIBLE, AND THUS UNLEASH THE ULTIMATE RESOURCE, HUMAN INGENUITY. ON A WIDE VARIETY OF ISSUES, TECHFREEDOM WILL OUTLINE A PATH FORWARD FOR POLICYMAKERS TOWARDS A BRIGHT FUTURE WHERE TECHNOLOGY ENHANCES FREEDOM AND FREEDOM ENHANCES TECHNOLOGY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1TECHFREEDOM PROVIDES A COPY OF IT'S FORM 990 TO IT'S BOARD OF DIRECTORS PRIOR TO FILING THE RETURN WITH THE INTERNAL REVENUE SERVICE. THE BOARD OF DIRECTORS ARE PROVIDED A REASONABLE AMOUNT OF TIME TO ASK ANY QUESTIONS OR RAISE ANY CONCERNS REGARDING THE FORM 990 PRIOR TO SUBMISSION TO THE IRS. TECHFREEDOM ENGAGES AN OUTSOURCED ACCOUNTANT TO PREPARE IT'S FORM 990. ONCE PREPARED BY THE OUTSOURCED ACCOUNTANT, TECHFREEDOM'S CEO AND COO REVIEW THE FORM 990 FOR ACCURACY AND COMPLETENESS PRIOR TO SIGNING THE RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2TECHFREEDOM REVIEWS ITS CONFLICT OF INTEREST POLICY, AS WELL AS COMPLIANCE WITH ITS POLICY, ON AN ANNUAL BASIS. TO DATE, NO CONFLICTS HAVE OCCURRED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3TO DETERMINE EXECUTIVE, KEY EMPLOYEE, AND OFFICER COMPENSATION, TECHFREEDOM REVIEWED THE SALARIES OF SIMILAR EMPLOYEES AT OTHER NONPROFIT THINK-TANKS. THE COMPENSATION REVIEW OF COMPARABLE EMPLOYEES WAS PERFORMED THROUGH A REVIEW OF SIMILAR ORGANIZATION'S FORM 990'S. TECHFREEDOM REVIEWS INDEPENDENT DATA AND OTHER COMPARABLE DATA ANY TIME A CHANGE IN COMPENSATION IS CONSIDERED. IN ADDITION, THE BOARD OF DIRECTORS APPROVES ALL COMPENSATION OF EXECUTIVES, KEY EMPLOYEES, AND OFFICERS. THIS PROCESS WAS LAST CONDUCTED IN 2014.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4TO DETERMINE EXECUTIVE, KEY EMPLOYEE, AND OFFICER COMPENSATION, TECHFREEDOM REVIEWED THE SALARIES OF SIMILAR EMPLOYEES AT OTHER NONPROFIT THINK-TANKS. THE COMPENSATION REVIEW OF COMPARABLE EMPLOYEES WAS PERFORMED THROUGH A REVIEW OF SIMILAR ORGANIZATION'S FORM 990'S. TECHFREEDOM REVIEWS INDEPENDENT DATA AND OTHER COMPARABLE DATA ANY TIME A CHANGE IN COMPENSATION IS CONSIDERED. IN ADDITION, THE BOARD OF DIRECTORS APPROVES ALL COMPENSATION OF EXECUTIVES, KEY EMPLOYEES, AND OFFICERS. THIS PROCESS WAS LAST CONDUCTED IN 2014.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5TECHFREEDOM'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC BASED ON THE PUBLIC'S NEED AND APPROVAL FROM TECHFREEDOM'S TREASURER. ANYONE WITH VALID REASON FOR DOING SO IS WELCOME TO SEND A REQUEST TO VIEW THESE DOCUMENTS TO TECHFREEDOM'S TREASURER. THE TREASURER WILL PROVIDE THE REQUESTED DOCUMENT (S) TO THE REQUESTING INDIVIDUAL, IF APPROPRIATE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
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ReturnHeader/FilingSecurityInformation/IPTm009:42:28
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0455485794
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0THE JS MILLER GROUP PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01775 EYE STREET NW SUITE 1150
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ReturnHeader/ReturnTs02018-05-29T10:42:28-04:00
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