Civic Intelligence

Technology Network

EIN 77-0456865 • 501(c)6 • Santa Clara, CA

Profile

To encourage the development of public policy at both the state and federal levels, for the purpose of benefiting technology industries, their employees and the community as a whole.

4633 Old Ironsides Drive 320Santa Clara, CA 95054

www.technet.org

Siviq Scores

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

Liabilities / Assets

91st percentile

0.73x

Higher debt load relative to assets than 91% of similar nonprofits.

501(c)6 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

79th percentile

0.71x

Higher debt load relative to revenue than 79% of similar nonprofits.

501(c)6 • $10M-$25M nonprofits • Source year 2024

Net Margin

35th percentile

0.1%

Higher net margin than 35% of similar nonprofits.

501(c)6 • $10M-$25M 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

18th percentile

-2.8%

Faster asset growth than 18% of similar nonprofits.

501(c)6 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

72nd percentile

15%

Faster revenue growth than 72% of similar nonprofits.

501(c)6 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Assets

Down

$15,230,137

Down $440,196 (-2.8%) from 2023

Liabilities

Down

$11,192,709

Down $460,189 (-3.9%) from 2023

Net Assets

Up

$4,037,428

Up $19,993 (+0.5%) from 2023

Revenue

Up

$15,752,072

Up $2,073,859 (+15%) from 2023

Expenses

Up

$15,732,078

Up $3,301,625 (+27%) from 2023

Net Income

Down

$19,994

Down $1,227,766 (-98%) from 2023

Trend Graphs

Balance Sheet Trend

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

$20M$15M$10M$5.0M$0-$5.0MAssets 2011: $2,873,542Liabilities 2011: $3,358,763Net Assets 2011: -$485,2212011Assets 2012: $2,031,979Liabilities 2012: $2,508,780Net Assets 2012: -$476,8012012Assets 2013: $1,515,085Liabilities 2013: $1,924,668Net Assets 2013: -$409,5832013Assets 2014: $3,128,238Liabilities 2014: $2,573,566Net Assets 2014: $554,6722014Assets 2015: $3,724,448Liabilities 2015: $3,371,904Net Assets 2015: $352,5442015Assets 2016: $4,397,218Liabilities 2016: $3,429,920Net Assets 2016: $967,2982016Assets 2017: $4,173,305Liabilities 2017: $3,192,319Net Assets 2017: $980,9862017Assets 2018: $4,447,655Liabilities 2018: $3,064,916Net Assets 2018: $1,382,7392018Assets 2019: $4,614,672Liabilities 2019: $3,362,892Net Assets 2019: $1,251,7802019Assets 2020: $5,510,833Liabilities 2020: $4,141,203Net Assets 2020: $1,369,6302020Assets 2021: $5,055,908Liabilities 2021: $3,244,431Net Assets 2021: $1,811,4772021Assets 2022: $9,363,275Liabilities 2022: $6,593,600Net Assets 2022: $2,769,6752022Assets 2023: $15,670,333Liabilities 2023: $11,652,898Net Assets 2023: $4,017,4352023Assets 2024: $15,230,137Liabilities 2024: $11,192,709Net Assets 2024: $4,037,4282024

Highlighted filing

2024

Assets$15,230,137
Liabilities$11,192,709
Net Assets$4,037,428

Operations Trend

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

$20M$15M$10M$5.0M$0-$5.0MRevenue 2011: $6,716,461Expenses 2011: $6,715,788Net Income 2011: $6732011Revenue 2012: $4,357,498Expenses 2012: $4,349,078Net Income 2012: $8,4202012Revenue 2013: $3,546,724Expenses 2013: $3,479,506Net Income 2013: $67,2182013Revenue 2014: $4,173,102Expenses 2014: $3,208,847Net Income 2014: $964,2552014Revenue 2015: $3,726,630Expenses 2015: $3,928,758Net Income 2015: -$202,1282015Revenue 2016: $4,842,399Expenses 2016: $4,227,645Net Income 2016: $614,7542016Revenue 2017: $4,740,400Expenses 2017: $4,726,712Net Income 2017: $13,6882017Revenue 2018: $4,304,709Expenses 2018: $3,902,956Net Income 2018: $401,7532018Revenue 2019: $4,268,236Expenses 2019: $4,399,195Net Income 2019: -$130,9592019Revenue 2020: $4,295,114Expenses 2020: $4,177,264Net Income 2020: $117,8502020Revenue 2021: $6,384,516Expenses 2021: $5,987,252Net Income 2021: $397,2642021Revenue 2022: $10,440,950Expenses 2022: $9,512,752Net Income 2022: $928,1982022Revenue 2023: $13,678,213Expenses 2023: $12,430,453Net Income 2023: $1,247,7602023Revenue 2024: $15,752,072Expenses 2024: $15,732,078Net Income 2024: $19,9942024

Highlighted filing

2024

Revenue$15,752,072
Expenses$15,732,078
Net Income$19,994

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.2$11.2$4.04$15.8$15.7$0.02
2023Summary only. Only limited summary data is available for this year.$15.7$11.7$4.02$13.7$12.4$1.25
2022Summary only. Only limited summary data is available for this year.$9.36$6.59$2.77$10.4$9.51$0.93
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.06$3.24$1.81$6.38$5.99$0.40
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.51$4.14$1.37$4.30$4.18$0.12
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.61$3.36$1.25$4.27$4.40$0.13
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.45$3.06$1.38$4.30$3.90$0.40
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.17$3.19$0.98$4.74$4.73$0.01
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.40$3.43$0.97$4.84$4.23$0.61
2015Detailed filing. Detailed filing data is available for this year.$3.72$3.37$0.35$3.73$3.93$0.20
2014Detailed filing. Detailed filing data is available for this year.$3.13$2.57$0.55$4.17$3.21$0.96
2013Summary only. Only limited summary data is available for this year.$1.52$1.92$0.41$3.55$3.48$0.07
2012Summary only. Only limited summary data is available for this year.$2.03$2.51$0.48$4.36$4.35$0.01
2011Summary only. Only limited summary data is available for this year.$2.87$3.36$0.49$6.72$6.72$0.00
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 4, 2025
Return Version
2024v5.2
Gross Receipts
$15,752,072
Mission and Program Overview

Mission

To encourage the development of public policy at both the state and federal levels, for the purpose of benefiting technology industries, their employees, and the community as a whole.

Technet is the national, bipartisan network of technology ceos and senior (cont. On sch. O) executives that promotes the growth of american innovation. Technet is committed to advancing public policies and private sector initiatives that make the u.s. The most innovative nation in the world. Technet champions policies that foster a climate for innovation, allowing technology companies to create, thrive, and compete. Technet members work together to identify key policy priorities and execute successful legislative strategies at the federal, state, and local levels.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$14,164,278$13,749,069▼ $415,209
Land, Buildings, and Equipment, Net$369,653$305,347▼ $64,306
Savings and Temporary Cash Investments$0$286,000▲ $286,000
Pledges and Grants Receivable$44,217$103,916▲ $59,699
Prepaid Expenses and Deferred Charges$127,166$25,031▼ $102,135
Total Assets$15,670,333$15,230,137▼ $440,196
Other Assets Total$965,019$760,774▼ $204,245
Liabilities
Deferred Revenue$10,335,129$9,840,610▼ $494,519
Other Liabilities$997,632$785,279▼ $212,353
Accounts Payable and Accrued Expenses$320,137$566,820▲ $246,683
Total Liabilities$11,652,898$11,192,709▼ $460,189
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$4,017,435$4,037,428▲ $19,993
Total Net Assets Fund Balance$4,017,435$4,037,428▲ $19,993
Total Liabilities and Net Assets / Fund Balance$15,670,333$15,230,137▼ $440,196

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$263,866$112,932$376,798
Other Land Buildings$0$112,621$112,621
Leasehold Improvements$41,481$11,741$53,222
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Linda L MoorePresident & CEOFT$756,201$385,539$1,141,740
Carl K HolshouserEvp & Corporate SecretaryFT$457,525$230,873$688,398
David S EdmonsonSVP, State Policy & Gov RelationsFT$274,543$95,510$370,053
Trent T EdwardsSVP, Membership & GrwothFT$278,762$67,740$346,502
Dylan L HoffmanExecutive Director, SouthwestFT$185,879$60,961$246,840
Patricia S AlbertsonSVP, CFO & TreasurerFT$188,801$51,773$240,574
Christopher J GilreinExecutive Director, NortheastFT$184,115$54,883$238,998
Tyler B DiersExecutive Director, MidwestFT$184,057$51,614$235,671
Margaret C DurkinExecutive Director, Mid-atlanticFT$182,897$50,274$233,171
Ruth a BarkoExecutive Director, CentralFT$177,967$54,588$232,555
Andrew C Hudson - GeneralCounsel & Fed Policy DirectorFT$129,822$86,104$215,926
Peter H Chandler - Svp FederalPolicy & Gov Relations (thru 6/24)FT$147,275$21,432$168,707
April MellodySVP, CommunicationsFT$111,397$49,821$161,218

Board Members and Trustees

NameTitle
Aparna Bawa - Vice Chair(thru 11/24)/board Chairman
Ed Knight - Board MemberBoard Chairman (thru 11/24)
Kerry Mclean - Board MemberVice Chairman (as of 11/24)
Aaron LevieBoard Member
David ZapolskyBoard Member
Jeff MaggioncaldaBoard Member
Kent WalkerBoard Member
Kim PoleseBoard Member
Mamoon HamidBoard Member
Steve CaseBoard Member
Terry HowertonBoard Member
Craig GliddenBoard Member (thru 11/24)
John ChambersBoard Member (thru 11/24)
John DoerrBoard Member (thru 11/24)
Mike GregoireBoard Member (thru 7/24)

Highest Paid Contractors

ContractorServicesLocationCompensation
Precision Strategies LLCPr & Communication Services901 NEW YORK AVENUE NW SUITE 530, Washington, DC 20001$2,302,312
Pier 91 MediaPr & Communication Services3050 K STREET NW SUITE 100, Washington, DC 20007$1,160,000
Firehouse Strategies LLCAdvocacy, Pr & Communication Services1501 M STREET NW SUITE 1100, Washington, DC 20005$982,000
Crossroads StrategiesAdvocacy Services800 N CAPITOL STREET NW SUITE 800, Washington, DC 20002$240,000
AvoqAdvocacy Services1201 NEW YORK AVENUE NW SUITE 900, Washington, DC 20005$180,000
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$15,111,741
Investment Income
$567,887
Other Revenue
$72,444
Change in Net Assets
$19,994

Audited Revenue Reconciliation

Revenue per Audited Statements
$15,752,072
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$15,752,072
Total Revenue per Form 990
$15,752,072
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$8,833,368
Salaries, Compensation, and Employee Benefits$6,898,710
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees---$3,333,116
Other Salaries and Wages---$2,732,167
Fees for Services Lobbying---$1,978,006
Fees for Services Other---$1,350,210
Payroll Taxes---$350,044
Other Employee Benefits---$304,615
All Other Expenses---$278,194
Occupancy---$240,186
Other Expenses---$199,956
Pension Plan Contributions---$178,768
Fees for Services Legal---$159,250
Travel---$110,267
Depreciation Depletion---$84,028
Conferences and Meetings---$76,940
Fees for Services Accounting---$58,494
Interest---$13,877
Insurance---$9,251
Total Functional Expenses$0$0$0$15,732,078

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$15,732,078
Total Expenses per Audited Statements$15,732,078
Total Expenses per Form 990$15,732,078
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
In-house lobbying only
No
Subject to proxy tax
Yes

Reported Spending and Taxes

Line ItemAmount
Current Year Nondeductible Lobbying and Political Cost$3,562,396
Total Nondeductible Lobbying and Political Cost$3,562,396
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease Liability$785,279
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 4

The bylaws were amended for the following: - regional districts for the executive council were removed from article ii. - article iv was amended to indicate that the executive council has the power to change the principal business office and cause the corporation to be qualified to conduct its activities in another state. - the minimum number of executive council members was updated from 18 to 9 in article iv. - the maximum number of at-large executive council members was updated from 18 to 23 in article iv. - the qualifications of an executive council member were broadened to include director or senior executive of an entity that is a voting member in article iv. - article iv was amended to indicate that executive council members will not be compensated for their services as executive council members, but they can receive compensation for serving the corporation in any other capacity. - article v was amended to indicate that officers will be elected every two years instead of annually. - article vii for indemnification of agents of the corporation was broadened to include the successful defense by agent, actions brought by persons other than the corporation, actions brought by or on behalf of the corporation, determination of agent's good faith conduct, limitations, and contractual rights. - article ix for corporate records and reports was broadened to include the fiscal year, the annual report, and the annual statement.

Form 990, Part VI, Section A, Line 6

The organization has two classes of membership consisting of the following: (i) general members (voting members) - they have the right to vote on certain matters of the corporation (ii) non-voting members - they are not granted any of the corresponding voting rights of general members

Form 990, Part VI, Section A, Line 7A

The affairs and activities of the organization shall be managed, and all corporate powers shall be exercised, by or under the direction of the executive council, which shall be the board of directors of the corporation. The executive council has the following powers: (a) to select and remove all the officers, agents and employees of the organization, prescribe duties for them, fix the terms of their offices and their compensation, and in their discretion require from them security for faithful service. (b) to make disbursements from the funds and properties of the organization and generally to conduct, manage, and control the activities and affairs of the organization and to make rules and regulations. (c) to adopt, make, and use a corporate seal and to alter the form of the seal from time to time as they may deem best. (d) to borrow money and incur indebtedness for the purposes of the organization and to execute and deliver, in the organization name, promissory notes, bonds, debentures, deeds of trust, mortgages, pledges, hypothecations, or other evidences of debt and securities.

Form 990, Part VI, Section A, Line 7B

The executive council may create certain committees from time to time that do not exercise the authority of the executive council and which may include any non-executive council members or non-voting members. Each such committee shall operate under the rules of a committee charter to be approved by a majority vote of the executive council and shall be chaired by an executive council member.

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

The form 990 is reviewed by officers of the corporation prior to filing.

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

Compensation for the ceo is reviewed and approved by the ceo review committee and the executive council. The process is documented and was last done in february 2025.

Form 990, Part VI, Section C, Line 19

Documents are available upon request through form 1024 and are available to members.

Filing and Contact Details

Filer

Filer Name
Technology Network
EIN
77-0456865
Phone
6508875640
Address
4633 OLD IRONSIDES DRIVE 320, SANTA CLARA, CA 95054
Doing Business As
Technet

Signing Officer

Name
Patricia S Albertson
Title
CFO
Phone
6508875640
Signed
2025-11-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Patricia S Albertson
Formed
1997
Legal Domicile
CA
Voting Board Members
11
Independent Board Members
11
Employees
34
Volunteers
15

Preparer

Firm
Baker Tilly Advisory Group Lp
Address
300 SANTANA ROW STE 300, SAN JOSE, CA 95128
Preparer
Stacey J Dell
Phone
4085587500
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

Technet is considered a nonprofit mutual benefit corporation and is exempt from federal income tax under section 501(c)(6) of the internal revenue code. Technet is exempt from state tax under state of california revenue and taxation code section 23701e. Only unrelated business income is subject to federal and state income tax. Management believes that all of technet's income is related to its exempt purpose. Accordingly, no provision for income taxes has been made in the accompanying financial statements. Technet has no unrecognized tax benefits or uncertain tax positions as of december 31, 2024 and 2023.

Raw XML AppendixShowing 400 of 762 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.

Path#Value
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IRS990/ActivityOrMissionDesc0TECHNET IS THE NATIONAL, BIPARTISAN NETWORK OF TECHNOLOGY CEOS AND SENIOR (CONT. ON SCH. O) EXECUTIVES THAT PROMOTES THE GROWTH OF AMERICAN INNOVATION. TECHNET IS COMMITTED TO ADVANCING PUBLIC POLICIES AND PRIVATE SECTOR INITIATIVES THAT MAKE THE U.S. THE MOST INNOVATIVE NATION IN THE WORLD. TECHNET CHAMPIONS POLICIES THAT FOSTER A CLIMATE FOR INNOVATION, ALLOWING TECHNOLOGY COMPANIES TO CREATE, THRIVE, AND COMPETE. TECHNET MEMBERS WORK TOGETHER TO IDENTIFY KEY POLICY PRIORITIES AND EXECUTE SUCCESSFUL LEGISLATIVE STRATEGIES AT THE FEDERAL, STATE, AND LOCAL LEVELS.
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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT & CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt1EVP & CORPORATE SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt2SVP, STATE POLICY & GOV RELATIONS
IRS990/Form990PartVIISectionAGrp/TitleTxt3SVP, MEMBERSHIP & GRWOTH
IRS990/Form990PartVIISectionAGrp/TitleTxt4EXECUTIVE DIRECTOR, SOUTHWEST
IRS990/Form990PartVIISectionAGrp/TitleTxt5SVP, CFO & TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt6EXECUTIVE DIRECTOR, NORTHEAST
IRS990/Form990PartVIISectionAGrp/TitleTxt7EXECUTIVE DIRECTOR, MIDWEST
IRS990/Form990PartVIISectionAGrp/TitleTxt8EXECUTIVE DIRECTOR, MID-ATLANTIC
IRS990/Form990PartVIISectionAGrp/TitleTxt9EXECUTIVE DIRECTOR, CENTRAL
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IRS990/Form990PartVIISectionAGrp/TitleTxt12SVP, COMMUNICATIONS
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IRS990/MissionDesc0TECHNET IS THE NATIONAL, BIPARTISAN NETWORK OF TECHNOLOGY CEOS AND SENIOR EXECUTIVES THAT PROMOTES THE GROWTH OF AMERICAN INNOVATION. TECHNET IS COMMITTED TO ADVANCING PUBLIC POLICIES AND PRIVATE SECTOR INITIATIVES THAT MAKE THE U.S. THE MOST INNOVATIVE (CONT. ON SCH. O) NATION IN THE WORLD. TECHNET CHAMPIONS POLICIES THAT FOSTER A CLIMATE FOR INNOVATION, ALLOWING TECHNOLOGY COMPANIES TO CREATE, THRIVE, AND COMPETE. TECHNET MEMBERS WORK TOGETHER TO IDENTIFY KEY POLICY PRIORITIES AND EXECUTE SUCCESSFUL LEGISLATIVE STRATEGIES AT THE FEDERAL, STATE, AND LOCAL LEVELS.
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IRS990/ProgSrvcAccomActy2Grp/Desc0TECHNET HAS A SOPHISTICATED WEBSITE AND E-MAIL COMMUNICATIONS SYSTEM FOR ITS MEMBERS. TECHNET STAFF, IN CONSULTATION WITH ITS MEMBERS, IS INVOLVED IN SHAPING PUBLIC PERCEPTIONS ABOUT THE HIGH-TECH INDUSTRY AND INFLUENCING PUBLIC POLICY ON AMERICAN INNOVATION ISSUES. TECHNET DEVELOPS POLICY POSITIONS IN COLLABORATION WITH ITS MEMBERS, WHICH ARE MADE PUBLIC ON ITS WEBSITE AND COMMUNICATED TO STATE AND FEDERAL POLICYMAKERS AS PART OF A LEGISLATIVE EFFORT.
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