Civic Intelligence

Techfreedom

990 • Fiscal year 2020 • EIN 27-3567814

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 12, 2021

110 Maryland Ave NE Suite 205Washington, DC 20002

(202) 681-0871

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Up

$766,215

Up $643,229 (+523%) from 2018

Net Assets

Up

$629,487

Up $534,123 (+560%) from 2018

Liabilities

Up

$136,728

Up $109,106 (+395%) from 2018

Revenue And Expenses

Revenue

Up

$1,262,215

Up $523,164 (+71%) from 2018

Expenses

Up

$882,698

Up $141,413 (+19%) from 2018

Net Income

Up

$379,517

Up $381,751 (+17088%) 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 2020: $766,215Liabilities 2020: $136,728Net Assets 2020: $629,4872020Assets 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

2020

Assets$766,215
Liabilities$136,728
Net Assets$629,487

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 2020: $1,262,215Expenses 2020: $882,698Net Income 2020: $379,5172020Revenue 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

2020

Revenue$1,262,215
Expenses$882,698
Net Income$379,517
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 12, 2021
Return Version
2020v4.0
Gross Receipts
$1,262,215
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$233,778$660,011▲ $426,233
Accounts Receivable$31,682$100,000▲ $68,318
Intangible Assets$5,833--
Land, Buildings, and Equipment, Net$1,741$2,353▲ $612
Prepaid Expenses and Deferred Charges-$1,245-
Total Assets$275,640$766,215▲ $490,575
Other Assets Total$2,606$2,606→ $0
Liabilities
Other Liabilities$25,670$134,229▲ $108,559
Accounts Payable and Accrued Expenses-$2,499-
Total Liabilities$25,670$136,728▲ $111,058
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$249,970$629,487▲ $379,517
Total Net Assets Fund Balance$249,970$629,487▲ $379,517
Total Liabilities and Net Assets / Fund Balance$275,640$766,215▲ $490,575

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$2,353$12,264$14,617
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Berin SzokaPresidentFT$191,500$4,731$196,231
Daniel BenaventeChief OperatFT$124,038$8,634$132,672

Board Members and Trustees

NameTitle
Shane TewsChair of the
Dan ComptonDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$1,261,725
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$490
All Other Contributions
$1,256,725
Change in Net Assets
$379,517

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,262,215
Total Revenue per Audited Statements
$1,262,215
Total Revenue per Form 990
$1,262,215
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$719,865
Other Expenses$162,833
Total Fundraising Expense$109,746
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$222,477$47,675$47,675$317,827
Current Officers, Directors, Trustees, and Key Employees$220,878$47,330$47,330$315,538
Payroll Taxes$29,530$17,518$3,003$50,051
Other Employee Benefits$19,318$17,131-$36,449
Occupancy$24,292$7,745$3,169$35,206
Fees for Services Accounting-$34,645-$34,645
Conferences and Meetings$18,913$1,233$412$20,558
Information Technology$8,447$2,693$1,102$12,242
Office Expenses$8,401$2,679$1,096$12,176
Fees for Services Legal$7,317$2,333$954$10,604
Travel$9,327--$9,327
Depreciation Depletion$5,857$1,867$764$8,488
Fees for Services Other$131$42$3,922$4,095
Other Expenses$1,801$1,921$235$1,921
Insurance-$1,486-$1,486
All Other Expenses$656$527$84$1,267
Interest$23$757-$780
Total Functional Expenses$577,368$195,584$109,746$882,698

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$882,698
Total Expenses per Audited Statements$882,698
Total Expenses per Form 990$882,698
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
Ppp Loan$103,322
Payroll Salary Payable$28,590
Payroll Liabilities$1,537
Interest Payable$780
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
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 its 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. This process is reviewed each year as a part of annual budget and pay increase processes. The board of directors approves all compensation of executives, key employees, and officers.

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 is conducted annually.

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 documents) 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 205, WASHINGTON, DC 20002

Signing Officer

Name
Daniel Benavente
Title
Chief Operating Off.
Phone
2026810871
Signed
2021-11-12
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
7

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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IRS990ScheduleC/SupplementalInformationDetail/ExplanationTxt0IN 2020, 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 ITS 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. THIS PROCESS IS REVIEWED EACH YEAR AS A PART OF ANNUAL BUDGET AND PAY INCREASE PROCESSES. THE BOARD OF DIRECTORS APPROVES ALL COMPENSATION OF EXECUTIVES, KEY EMPLOYEES, AND OFFICERS.
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 IS CONDUCTED ANNUALLY.
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 DOCUMENTS) TO THE REQUESTING INDIVIDUAL, IF APPROPRIATE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
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