Civic Intelligence

Techfreedom

990 • Fiscal year 2019 • EIN 27-3567814

Jan 01, 2019 to Dec 31, 2019 • Filed on Aug 03, 2020

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

63rd percentile

0.09x

Higher debt load relative to assets than 63% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

49th percentile

0.03x

Higher debt load relative to revenue than 49% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Net Margin

72nd percentile

16%

Higher net margin than 72% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

96th percentile

$215,279

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 21.8% of source-year revenue.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Asset Growth

95th percentile

124%

Faster asset growth than 95% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

81st percentile

34%

Faster revenue growth than 81% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Assets

Up

$275,640

Up $152,654 (+124%) from 2018

Net Assets

Up

$249,970

Up $154,606 (+162%) from 2018

Liabilities

Down

$25,670

Down $1,952 (-7.1%) from 2018

Revenue

Up

$988,378

Up $249,327 (+34%) from 2018

Expenses

Up

$833,772

Up $92,487 (+12%) from 2018

Net Income

Up

$154,606

Up $156,840 (+7021%) from 2018

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 2019: $275,640Liabilities 2019: $25,670Net Assets 2019: $249,9702019Assets 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

2019

Assets$275,640
Liabilities$25,670
Net Assets$249,970

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 2019: $988,378Expenses 2019: $833,772Net Income 2019: $154,6062019Revenue 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

2019

Revenue$988,378
Expenses$833,772
Net Income$154,606
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Aug 3, 2020
Return Version
2019v5.0
Gross Receipts
$988,378
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$99,879$233,778▲ $133,899
Accounts Receivable-$31,682-
Intangible Assets$17,500$5,833▼ $11,667
Land, Buildings, and Equipment, Net$2,777$1,741▼ $1,036
Total Assets$122,986$275,640▲ $152,654
Other Assets Total$2,830$2,606▼ $224
Liabilities
Other Liabilities$20,200$25,670▲ $5,470
Accounts Payable and Accrued Expenses$7,422--
Total Liabilities$27,622$25,670▼ $1,952
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$95,364$249,970▲ $154,606
Total Net Assets Fund Balance$95,364$249,970▲ $154,606
Total Liabilities and Net Assets / Fund Balance$122,986$275,640▲ $152,654

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$953$12,420$13,373
Other Land Buildings$788$1,014$1,802
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Berin SzokaPresidentFT$188,000$27,279$215,279

Board Members and Trustees

NameTitle
Dan ComptonDirector
Daniel MindusDirector
Kelly YoungDirector
Shane TewsDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$988,378
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$988,378
Change in Net Assets
$154,606
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$673,022
Other Expenses$160,750
Total Fundraising Expense$45,841
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$214,275$193,868-$408,143
Current Officers, Directors, Trustees, and Key Employees$150,695$32,292$32,292$215,279
Payroll Taxes$29,324$17,464$2,812$49,600
Occupancy$27,861$8,884$3,634$40,379
Fees for Services Accounting-$33,092-$33,092
Travel$28,852--$28,852
Depreciation Depletion$10,605$3,383$1,384$15,372
Fees for Services Legal$5,711$1,821$745$8,277
Office Expenses$5,143$1,641$671$7,455
Conferences and Meetings$6,673$436$144$7,253
Information Technology$4,657$1,484$607$6,748
Fees for Services Other--$3,412$3,412
Insurance-$2,575-$2,575
Advertising$1,075$342$140$1,557
Other Expenses$7$218-$225
Total Functional Expenses$484,940$302,991$45,841$833,772
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Liabilities$25,670
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 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
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
2020-08-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Berin Szoka
Formed
2010
Legal Domicile
Dc
Voting Board Members
5
Independent Board Members
5
Employees
5

Preparer

Firm
Jones Advisory LLC
Address
1701 EMMORTON RD, BEL AIR, MD 21014-5601
Preparer
Stephanie Drane
Phone
4103210206
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.

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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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IRS990ScheduleA/FactsAndCircumstancesTestTxt0THE ORGANIZATION HAD A PUBLIC SUPPORT PERCENTAGE OF 32.66% IN 2019 AND 31.95% IN 2018. THE ORGANIZATION EXPECTS TO HAVE A PUBLIC SUPPORT PERCENTAGE OF AT LEAST 33 1/3% IN 2020. PRIOR TO 2018, THE ORGANIZATION HAD MAINTAINED A PUBLIC SUPPORT PERCENTAGE OF AT LEAST 33.80%. THE ORGANIZATION HAS BEEN WORKING TO INCREASE ITS PUBLIC SUPPORT PERCENTAGE THROUGH PUBLIC FUNDRAISING EFFORTS IN 2019 AND 2020. THE ORGANIZATION'S MISSION IS TO PROMOTE THE PROGRESS OF TECHNOLOGY FOR THE PUBLIC INTEREST IN ORDER TO IMPROVE THE HUMAN CONDITION AND EXPAND INDIVIDUAL CAPACITY TO CHOOSE. THE ORGANIZATION MAINTAINS A DIFINITIVE PROGRAM FOR ACCOMPLISHING THIS MISSION.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0OTHER INCOME 2015 6,473 OTHER INCOME 2016 5,046
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1THE ORGANIZATION HAD A PUBLIC SUPPORT PERCENTAGE OF 32.66% IN 2019 AND 31.95% IN 2018. THE ORGANIZATION EXPECTS TO HAVE A PUBLIC SUPPORT PERCENTAGE OF AT LEAST 33 1/3% IN 2020. PRIOR TO 2018, THE ORGANIZATION HAD MAINTAINED A PUBLIC SUPPORT PERCENTAGE OF AT LEAST 33.80%. THE ORGANIZATION HAS BEEN WORKING TO INCREASE ITS PUBLIC SUPPORT PERCENTAGE THROUGH PUBLIC FUNDRAISING EFFORTS IN 2019 AND 2020. THE ORGANIZATION'S MISSION IS TO PROMOTE THE PROGRESS OF TECHNOLOGY FOR THE PUBLIC INTEREST IN ORDER TO IMPROVE THE HUMAN CONDITION AND EXPAND INDIVIDUAL CAPACITY TO CHOOSE. THE ORGANIZATION MAINTAINS A DIFINITIVE PROGRAM FOR ACCOMPLISHING THIS MISSION.
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IRS990ScheduleC/SupplementalInformationDetail/ExplanationTxt0IN 2019, 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
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
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