Civic Intelligence

Beneficent Technology Inc DBA Benetech

990 • Fiscal year 2014 • EIN 77-0555413

Jan 01, 2014 to Dec 31, 2014 • Filed on Aug 12, 2015

480 California AvePalo Alto, CA 94306

(650) 644-3400

Siviq Scores

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

Liabilities / Assets

67th percentile

0.44x

Higher debt load relative to assets than 67% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Liabilities / Revenue

35th percentile

0.14x

Higher debt load relative to revenue than 35% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Net Margin

60th percentile

6.0%

Higher net margin than 60% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Top Officer Pay

85th percentile

$358,766

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 2.6% of source-year revenue.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Asset Growth

93rd percentile

41%

Faster asset growth than 93% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2013 to 2014

Revenue Growth

73rd percentile

15%

Faster revenue growth than 73% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2013 to 2014

Assets

Up

$4,282,562

Up $1,252,576 (+41%) from 2013

Net Assets

Up

$2,398,021

Up $825,561 (+53%) from 2013

Liabilities

Up

$1,884,541

Up $427,015 (+29%) from 2013

Revenue

Up

$13,731,806

Up $1,802,240 (+15%) from 2013

Expenses

Up

$12,906,245

Up $41,723 (+0.3%) from 2013

Net Income

Up

$825,561

Up $1,760,517 (+188%) from 2013

Historical Trend

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2011: $2,957,275Liabilities 2011: $1,143,772Net Assets 2011: $1,813,5032011Assets 2012: $3,843,559Liabilities 2012: $1,336,143Net Assets 2012: $2,507,4162012Assets 2013: $3,029,986Liabilities 2013: $1,457,526Net Assets 2013: $1,572,4602013Assets 2014: $4,282,562Liabilities 2014: $1,884,541Net Assets 2014: $2,398,0212014Assets 2015: $5,126,976Liabilities 2015: $1,767,543Net Assets 2015: $3,359,4332015Assets 2016: $4,848,400Liabilities 2016: $1,952,970Net Assets 2016: $2,895,4302016Assets 2017: $3,462,556Liabilities 2017: $1,513,755Net Assets 2017: $1,948,8012017Assets 2018: $5,238,161Liabilities 2018: $2,237,346Net Assets 2018: $3,000,8152018Assets 2019: $5,233,252Liabilities 2019: $2,188,656Net Assets 2019: $3,044,5962019Assets 2020: $7,372,573Liabilities 2020: $4,146,439Net Assets 2020: $3,226,1342020Assets 2021: $6,239,324Liabilities 2021: $1,856,584Net Assets 2021: $4,382,7402021Assets 2022: $6,571,567Liabilities 2022: $2,381,195Net Assets 2022: $4,190,3722022Assets 2023: $2,547,397Liabilities 2023: $1,467,773Net Assets 2023: $1,079,6242023Assets 2024: $3,414,402Liabilities 2024: $1,052,363Net Assets 2024: $2,362,0392024

Highlighted filing

2014

Assets$4,282,562
Liabilities$1,884,541
Net Assets$2,398,021

Operations Trend

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

$20M$15M$10M$5.0M$0-$5.0MRevenue 2011: $10,117,818Expenses 2011: $10,331,247Net Income 2011: -$213,4292011Revenue 2012: $12,573,780Expenses 2012: $11,879,867Net Income 2012: $693,9132012Revenue 2013: $11,929,566Expenses 2013: $12,864,522Net Income 2013: -$934,9562013Revenue 2014: $13,731,806Expenses 2014: $12,906,245Net Income 2014: $825,5612014Revenue 2015: $13,266,114Expenses 2015: $12,304,702Net Income 2015: $961,4122015Revenue 2016: $12,960,624Expenses 2016: $13,424,627Net Income 2016: -$464,0032016Revenue 2017: $11,338,799Expenses 2017: $12,285,428Net Income 2017: -$946,6292017Revenue 2018: $13,780,014Expenses 2018: $12,728,000Net Income 2018: $1,052,0142018Revenue 2019: $14,815,412Expenses 2019: $14,771,631Net Income 2019: $43,7812019Revenue 2020: $15,504,546Expenses 2020: $15,323,008Net Income 2020: $181,5382020Revenue 2021: $16,053,151Expenses 2021: $14,643,213Net Income 2021: $1,409,9382021Revenue 2022: $16,107,648Expenses 2022: $16,300,016Net Income 2022: -$192,3682022Revenue 2023: $10,927,375Expenses 2023: $14,038,123Net Income 2023: -$3,110,7482023Revenue 2024: $12,656,190Expenses 2024: $11,373,775Net Income 2024: $1,282,4152024

Highlighted filing

2014

Revenue$13,731,806
Expenses$12,906,245
Net Income$825,561
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Aug 12, 2015
Return Version
2014v5.0
Gross Receipts
$13,756,078
Mission and Program Overview

Mission

Benetech is a nonprofit that empowers communities with software for social good. The organization's work transforms how people with disabilities read and learn, enables human rights defenders and civilians to pursue truth and justice, and connects people to the services they need to live and prosper.

Benetech is a nonprofit technology company that develops software applications to address pressing social needs. Founded on the belief that the benefits of technology must reach all of humanity, Benetech measures success in the number of lives changed for the better. See Sch O

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$637,577$1,378,113▲ $740,536
Accounts Receivable$968,784$894,952▼ $73,832
Savings and Temporary Cash Investments$416,403$758,076▲ $341,673
Intangible Assets$5,930$435,598▲ $429,668
Cash and Non-Interest-Bearing Accounts$249,874$191,304▼ $58,570
Land, Buildings, and Equipment, Net$143,154$139,299▼ $3,855
Prepaid Expenses and Deferred Charges$79,918$23,582▼ $56,336
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Inventories for Sale or Use-$0-
Total Assets$3,029,986$4,282,562▲ $1,252,576
Other Assets Total$528,346$461,638▼ $66,708
Liabilities
Accounts Payable and Accrued Expenses$1,355,451$1,386,893▲ $31,442
Other Liabilities-$355,355-
Deferred Revenue$102,075$142,293▲ $40,218
Total Liabilities$1,457,526$1,884,541▲ $427,015
Net Assets / Fund Balance
Temporarily Rstr Net Assets$1,302,699$1,820,864▲ $518,165
Unrestricted Net Assets$269,761$577,157▲ $307,396
Total Net Assets Fund Balance$1,572,460$2,398,021▲ $825,561
Total Liabilities and Net Assets / Fund Balance$3,029,986$4,282,562▲ $1,252,576

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$139,299$277,757-
Other Assets Org$3--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
James R FruchtermanCEOFT$271,985$86,781$358,766
Betsy BeaumonVP & Gm, LiteracyFT$194,762$29,147$223,909
Teresa ThrockmortonCFOFT$171,392$45,575$216,967
Fred SloneDirector of OpsFT$138,010$39,369$177,379
Jane PooleVP Hr & AdminFT$143,706$26,043$169,749
Anh Quynh BuiDirector Product StgyFT$131,312$31,203$162,515
Marcy Allyn GootDirector of MarketingFT$125,689$24,761$150,450
Robin SeamanDirector Content AcquisFT$122,654$15,030$137,684

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
The Sheridan GroupGovernment Relations1224 M STREET NW STE 300, Washington, DC 20005$154,419
Daproim Africa LtdBook Validation1500 W MAIN ST STE 500, Sun Prairie, WI 53590$139,626
Flexion INCEngineering Srvc-$136,020
American Institutes For ResearchTraining ServicesPO BOX 28126, New York, NY 10087, Ke$133,694
Enrique PiracesManagement Services37-75 64TH ST, Woodside, NY 11377$126,785
Revenue and Support

Revenue Composition

Contributions and Grants
$2,120,929
Program Service Revenue
$11,602,234
Investment Income
$2,254
Other Revenue
$6,389
All Other Contributions
$2,120,929
Change in Net Assets
$825,561

Audited Revenue Reconciliation

Revenue per Audited Statements
$13,731,806
Revenue Not Reported on Form 990
$265,698
Total Revenue per Audited Statements
$13,997,504
Total Revenue per Form 990
$13,731,806
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$6,679,183
Other Expenses$5,431,565
Grants and Similar Amounts Paid$795,497
Total Fundraising Expense$15,426
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,459,464$452,968-$3,912,432
Other Employee Benefits$1,528,537$400,088$2,823$1,931,448
Current Officers, Directors, Trustees, and Key Employees$229,272$492,572$9,296$731,140
Grants to Domestic Orgs$715,971--$715,971
Travel$303,621$27,444$303$331,368
Other Expenses$247,172$2,797$11$249,980
Conferences and Meetings$124,024$26,633-$150,657
All Other Expenses$101,429$10,449$171$112,049
Pension Plan Contributions$80,447$23,544$172$104,163
Depreciation Depletion$30,108$58,930-$89,038
Office Expenses$79,479$5,192-$84,671
Foreign Grants$79,526--$79,526
Insurance-$9,700-$9,700
Total Functional Expenses$10,911,259$1,979,560$15,426$12,906,245

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$13,171,943
Expenses per Audited Statements$12,906,245
Total Expenses per Form 990$12,906,245
Expenses Not Reported on Form 990$265,698
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Internews NetworkArcata, CA501(c)(3)dev. secure documentation toolkit$341,812
Community PartnersLos Angeles, CA501(c)(3)human rights statistics$288,000
Olivercoady IncOwego, NY-dev. secure documentation toolkit$86,159

International Summary

Spending
$651,428

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
AfricaProgram ServicesHuman Rights00$268,040
Middle EastProgram ServicesHuman Rights00$172,723
AfricaGrantsHuman Rights00$79,526
AsiaProgram ServicesHuman Rights00$53,392
IndiaProgram ServicesLiteracy for Disabled00$51,035
Central AmericaProgram ServicesLabs00$25,519
AsiaProgram ServicesLiteracy for Disabled00$1,193
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Term Endowment Advance$350,000
Deposits$5,355
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 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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et

Two benetech directors, james fruchterman and james kleckner, are also directors and have financial interests in raf technology, inc., a for-profit company located in redmond, wa.

Form 990, Part VI, Line 11B: Form 990 Review Process

At least one week prior to filing return, the 990 is emailed to all Board Members with requests for comments or questions. CFO also meets with the CEO Board for further 990 review prior to filing.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Employees and Directors receive Benetechs Conflict of Interest Policy annually and must submit an acknowledgment to Human Resources. CEO and CFO submit additional annual written Conflict of Interest letters to the Board of Directors.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

CEO and CFO salaries are determined by the Board of Directors based on performance and comparable data from: CompData, Guide Star, Non-Profit Times Salary Survey, Professionals for Non-Profits Salary Range Survey and Consultant-Supplied Hi Tech Data. The comparable data is also used for key employee salary guidelines. All employee salaries other than CEO and CFO are approved by CEO and Vice President of Human Resources.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Annual audited financials are made available to the public by posting to Benetech's website after Board approval. Available upon request are: Audited financials, governing documents and conflict of interest policy.

Filing and Contact Details

Filer

Filer Name
BENEFICENT TECHNOLOGY INC DBA Benetech
EIN
77-0555413
Phone
6506443400
Address
480 CALIFORNIA AVE, PALO ALTO, CA 94306

Signing Officer

Name
Teresa Throckmorton
Title
CFO
Signed
2015-08-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James R Fruchterman
Formed
2000
Legal Domicile
CA
Voting Board Members
9
Independent Board Members
8
Employees
86
Volunteers
1,600

Preparer

Firm
Shannon & Snyder CPAs
Address
650 N Winchester Blvd 6, San Jose, CA 95128-1511
Preparer
Bill Snyder
Phone
4082418700
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D: Other Program Services Description

OTHER PROGRAM SERVICES 4: Route 66 Literacy: Route 66 Literacy is a web-based program that makes it easy for any literate person to teach adolescent and adult beginning readers with developmental disabilities to read. The program combines engaging, age-appropriate lessons, exercises and effective feedback with a unique teacher-tutor modelone that requires no special training. By incorporating expert pedagogy and one to one interaction, Route 66 Literacy creates new pathways for beginning readers to gain independence and to pursue further educational and vocational opportunities. OTHER PROGRAM SERVICES 5: Benetech Labs: Benetech Labs was established in order to create new technology enterprises for social impact. In partnership with communities of field leaders and stakeholders, technologists, and social entrepeneurs, the Labs is where the Benetech team openly catalyzes high-impact solutions that change lives.SocialCoding4Good: SocialCoding4Good, created in 2011, is aimed at dramatically reshaping the tech volunteer landscape. There are many nonprofits and social-good programs in the world that need the help of professional technologists, but their resources dont often allow for it. As a result, the causes theyre working on from civic engagement and education, to poverty alleviation and the environmentsuffer. At the same time, professional technologists are eager to help work on these important social challenges, but often struggle to find the right match for both their passion and skills. Using a web-based platform, SocialCoding4Good collects information on both volunteer technologists and programs with need so that our community managers can connect these professionals with opportunities that are the right fit. In this way, volunteers get to work on the humanitarian open source software projects that would most benefit from their time and talent. By bridging the corporate, nonprofit and technology communities, SocialCoding4Good brings together the best and brightest to generate meaningful and sustainable collaborations for social good.Tools for Clean Water Organizations: Water is one of the most basic requirements for life. All too often, however, we struggle to deliver clean, safe water to communities. This is especially true in the developing world, where access to clean, safe water is one of the most pressing environmental and health issues of our time. Why do some communities, even in poor, rural areas, succeed at delivering clean water and implementing sanitation systems while others fail? Benetech, in partnership with Fundacin Avina, began exploring this question, focusing on rural communities in Latin America. Currently Benetech is integrating an assessment methodology developed by Avina with an open source data collection platform for mobile devices and desktop computers that will work both online and offline and is straightforward and easy to use. By collecting survey data digitally and constructing a profile for each organization in an intuitive dashboard format, the tool will provide immediate feedback and will reduce the resources required for data collection and modeling. Looking forward, this information will enable the customized delivery of digital training materials, which will make training materials already developed by Avina more accessible and relevant to specific communities.

Form 990, Part IX, Line 24A - Outside Services

Services provided by companies primarily for design engineering, financial audit and tax preparation, data entry, and temporary accounting and administration assistance.

Form 990, Part IX, Line 24B - Shared Expenses

Rent, telephone, office supplies, equipment, liability insurance, postage, freight, receptionist, hr, and it services.

Form 990, Part X, Line 25D - Fundraising Expenses

Fundraising expenses in column D represents costs incurred for seeking general support funding. Foundation research and bid and proposal expenses of $731,955 are included in column C, Management and general expenses, as part of the organization's overhead costs.

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IRS990/Desc0Bookshare:Bookshare provides copyrighted material in accessible digital formats to people with qualifying print disabilities. It is a web-based library of books, periodicals, and newspapers. Millions of people throughout the United States with visual impairments, physical disabilities and severe learning disabilities meet the stringent copyright law exemption that permits reproduction of copyrighted material into specialized formats and distribution for personal use. Around the world, individuals that meet these qualifications have access to freely distributable material and copyrighted books for which Bookshare has international permissions. The books and publications can be read with a variety of software applications and hardware devices that play video, produce synthetic speech (text-to-speech), large print, or Braille. This includes a number of tools provided by Benetech, including readers for Apple and Android smartphones and tablets, and major web browsers. Bookshare was launched in February 2002 and has over 338,000 eligible members as of December 31, 2014. Through the active participation of thousands of volunteers, partners, universities and publishers around the world, Bookshare provides people with print disabilities with instant access to more than 319,000 books and 150 daily newspapers.
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IRS990/Form990PartVIISectionAGrp/PersonNm14MARCY ALLYN GOOT
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IRS990/Form990PartVIISectionAGrp/TitleTxt2Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
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IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9CFO
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IRS990/Form990PartVIISectionAGrp/TitleTxt11VP HR & ADMIN
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IRS990/Form990PartVIISectionAGrp/TitleTxt13DIR PRODUCT STGY
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IRS990/MissionDesc0Benetech is a nonprofit technology company that develops software applications to address pressing social needs. Based in Palo Alto, California, and founded in 1989 on the belief that the benefits of technology must reach all of humanity, the organization's social enterprise business model aims to create financially sustainable projects that measure success in the number of lives changed for the better. Each of its program areasGlobal Literacy, Human Rights, the Environment, and Benetech Labsoffers great social impact on funds invested. Witnessing the value in offering affordable tools that transform the lives of individuals with disabilities, Jim Fruchterman, the organization's founder and CEO, was inspired to start an organization that utilized technology to serve social causes. Benetechs tools have since gone to change the ways in which people with disabilities access printed information; allow frontline human rights defenders to safely document abuse; and empower environmental prac
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.41$1.05$2.36$12.7$11.4$1.28
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.55$1.47$1.08$10.9$14.0$3.11
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.57$2.38$4.19$16.1$16.3$0.19
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.24$1.86$4.38$16.1$14.6$1.41
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.37$4.15$3.23$15.5$15.3$0.18
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.23$2.19$3.04$14.8$14.8$0.04
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.24$2.24$3.00$13.8$12.7$1.05
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.46$1.51$1.95$11.3$12.3$0.95
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.85$1.95$2.90$13.0$13.4$0.46
2015Detailed filing. Detailed filing data is available for this year.$5.13$1.77$3.36$13.3$12.3$0.96
2014Detailed filing. Detailed filing data is available for this year.$4.28$1.88$2.40$13.7$12.9$0.83
2013Summary only. Only limited summary data is available for this year.$3.03$1.46$1.57$11.9$12.9$0.93
2012Summary only. Only limited summary data is available for this year.$3.84$1.34$2.51$12.6$11.9$0.69
2011Summary only. Only limited summary data is available for this year.$2.96$1.14$1.81$10.1$10.3$0.21