Civic Intelligence

Techfreedom

990 • Fiscal year 2023 • EIN 27-3567814

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 15, 2024

1500 K Street NW Floor 2Washington, DC 20005

(202) 681-0871

Siviq Scores

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

Liabilities / Assets

63rd percentile

0.16x

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

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

38th percentile

0.04x

Higher debt load relative to revenue than 38% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

21st percentile

-12%

Higher net margin than 21% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

91st percentile

$218,750

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 13.2% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

4th percentile

-33%

Faster asset growth than 4% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

46th percentile

4.6%

Faster revenue growth than 46% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Down

$409,315

Down $200,001 (-33%) from 2022

Net Assets

Down

$345,015

Down $203,593 (-37%) from 2022

Liabilities

Up

$64,300

Up $3,592 (+5.9%) from 2022

Revenue

Up

$1,651,644

Up $72,636 (+4.6%) from 2022

Expenses

Up

$1,855,237

Up $188,515 (+11%) from 2022

Net Income

Down

-$203,593

Down $115,879 (-132%) from 2022

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 2023: $409,315Liabilities 2023: $64,300Net Assets 2023: $345,0152023Assets 2024: $130,714Liabilities 2024: $27,704Net Assets 2024: $103,0102024

Highlighted filing

2023

Assets$409,315
Liabilities$64,300
Net Assets$345,015

Operations Trend

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

$2.0M$1.0M$0-$1.0MRevenue 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 2023: $1,651,644Expenses 2023: $1,855,237Net Income 2023: -$203,5932023Revenue 2024: $1,459,546Expenses 2024: $1,701,551Net Income 2024: -$242,0052024

Highlighted filing

2023

Revenue$1,651,644
Expenses$1,855,237
Net Income-$203,593
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 15, 2024
Return Version
2023v5.0
Gross Receipts
$1,651,644
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$466,923$260,947▼ $205,976
Accounts Receivable$123,000$132,000▲ $9,000
Land, Buildings, and Equipment, Net$16,787$10,805▼ $5,982
Prepaid Expenses and Deferred Charges-$392-
Total Assets$609,316$409,315▼ $200,001
Other Assets Total$2,606$5,171▲ $2,565
Liabilities
Other Liabilities$54,759$60,554▲ $5,795
Accounts Payable and Accrued Expenses$5,949$3,746▼ $2,203
Total Liabilities$60,708$64,300▲ $3,592
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$548,608$345,015▼ $203,593
Total Net Assets Fund Balance$548,608$345,015▼ $203,593
Total Liabilities and Net Assets / Fund Balance$609,316$409,315▼ $200,001

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$8,311$37,521$45,832
Equipment$2,494$26,510$29,004
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Berin SzokaPresidentFT$205,000$13,750$218,750
Daniel BenaventeChief OperatFT$187,500$15,375$202,875
Daniel BenaventeChief Operating Offi-$187,500$15,375$202,875

Board Members and Trustees

NameTitle
Shane TewsChair of the
Dan ComptonDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$1,651,644
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$1,651,644
Change in Net Assets
$-203,593

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,651,644
Total Revenue per Audited Statements
$1,651,644
Total Revenue per Form 990
$1,651,644
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,611,710
Other Expenses$243,527
Total Fundraising Expense$130,035
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$575,176$259,444$62,768$897,388
Current Officers, Directors, Trustees, and Key Employees$235,604$126,333$30,563$392,500
Other Employee Benefits$135,530$68,317$16,527$220,374
Payroll Taxes$62,390$31,449$7,609$101,448
Fees for Services Legal$44,703$14,253$5,831$64,787
Fees for Services Accounting-$56,808-$56,808
Travel$37,771--$37,771
Information Technology$13,488$4,302$1,759$19,549
Fees for Services Other$8,733$2,785$1,956$13,474
Office Expenses$7,164$3,493$937$11,594
Occupancy$7,362$2,347$961$10,670
Depreciation Depletion$4,128$1,316$538$5,982
Insurance$1,694$3,258$206$5,158
Fees for Services Management$2,070$660$270$3,000
Conferences and Meetings$1,438$94$31$1,563
Other Expenses$8$223$79$231
Total Functional Expenses$1,137,865$587,337$130,035$1,855,237

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,855,237
Total Expenses per Audited Statements$1,855,237
Total Expenses per Form 990$1,855,237
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
Accrued Salaries$57,764
Lease Liability$2,790
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 its 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 its submission to the irs. Techfreedom engages an outsourced accountant to prepare its 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 occured.

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 organizations' 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, techfredom reviewed the salaries of similar employees at other nonprofit think-tanks. The compensation review of comparable employees was performed through a review of similar organizations' 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 is welcome to send a request to view these documents to techfredom's treasurer. The treasurer will provide the request documents to the requesting individual, if appropriate.

Filing and Contact Details

Filer

Filer Name
Techfreedom
EIN
27-3567814
Phone
2026810871
Address
1500 K STREET NW FLOOR 2, WASHINGTON, DC 20005

Signing Officer

Name
Daniel Benavente
Title
Chief Operating Offi
Phone
2026810871
Signed
2024-11-15

Organization Details

Principal Officer
Daniel Benavente
Formed
2010
Legal Domicile
Dc
Voting Board Members
3
Independent Board Members
3
Employees
10
Volunteers
3

Preparer

Firm
Goldman Clearfield & Ocampo Llp
Address
6230 OLD DOBBIN LANE SUITE 180, COLUMBIA, MD 21045
Preparer
Michael J Ocampo CPA
Phone
4107728090
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 2023, 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.
IRS990ScheduleC/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE C, PART IV
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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 ITS 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 ITS SUBMISSION TO THE IRS. TECHFREEDOM ENGAGES AN OUTSOURCED ACCOUNTANT TO PREPARE ITS 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 OCCURED.
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 ORGANIZATIONS' 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, TECHFREDOM REVIEWED THE SALARIES OF SIMILAR EMPLOYEES AT OTHER NONPROFIT THINK-TANKS. THE COMPENSATION REVIEW OF COMPARABLE EMPLOYEES WAS PERFORMED THROUGH A REVIEW OF SIMILAR ORGANIZATIONS' 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 IS WELCOME TO SEND A REQUEST TO VIEW THESE DOCUMENTS TO TECHFREDOM'S TREASURER. THE TREASURER WILL PROVIDE THE REQUEST DOCUMENTS 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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ReturnHeader/BuildTS02024-10-15 13:58:12Z
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