Civic Intelligence

Beneficent Technology Inc DBA Benetech

990 • Fiscal year 2015 • EIN 77-0555413

Jan 01, 2015 to Dec 31, 2015 • Filed on Aug 15, 2016

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

60th percentile

0.34x

Higher debt load relative to assets than 60% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Liabilities / Revenue

35th percentile

0.13x

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

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Net Margin

63rd percentile

7.2%

Higher net margin than 63% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Top Officer Pay

85th percentile

$366,454

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 2.8% of source-year revenue.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Asset Growth

86th percentile

20%

Faster asset growth than 86% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Revenue Growth

29th percentile

-3.4%

Faster revenue growth than 29% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Assets

Up

$5,126,976

Up $844,414 (+20%) from 2014

Net Assets

Up

$3,359,433

Up $961,412 (+40%) from 2014

Liabilities

Down

$1,767,543

Down $116,998 (-6.2%) from 2014

Revenue

Down

$13,266,114

Down $465,692 (-3.4%) from 2014

Expenses

Down

$12,304,702

Down $601,543 (-4.7%) from 2014

Net Income

Up

$961,412

Up $135,851 (+16%) from 2014

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

2015

Assets$5,126,976
Liabilities$1,767,543
Net Assets$3,359,433

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

2015

Revenue$13,266,114
Expenses$12,304,702
Net Income$961,412
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Aug 15, 2016
Return Version
2015v2.0
Gross Receipts
$13,338,930
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 whose mission is to empower communities in need by creating scalable technology solutions. Our work has transformed how people with disabilities read; made it safer for human rights defenders to document human rights violations; and equipped... SEE SCH O

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$1,378,113$1,614,785▲ $236,672
Savings and Temporary Cash Investments$758,076$846,325▲ $88,249
Accounts Receivable$894,952$842,220▼ $52,732
Cash and Non-Interest-Bearing Accounts$191,304$534,810▲ $343,506
Intangible Assets$435,598$281,858▼ $153,740
Land, Buildings, and Equipment, Net$139,299$71,068▼ $68,231
Prepaid Expenses and Deferred Charges$23,582$23,582→ $0
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$4,282,562$5,126,976▲ $844,414
Other Assets Total$461,638$912,328▲ $450,690
Liabilities
Accounts Payable and Accrued Expenses$1,386,893$1,252,431▼ $134,462
Other Liabilities$355,355$355,355→ $0
Deferred Revenue$142,293$159,757▲ $17,464
Total Liabilities$1,884,541$1,767,543▼ $116,998
Net Assets / Fund Balance
Temporarily Rstr Net Assets$1,820,864$2,921,199▲ $1,100,335
Unrestricted Net Assets$577,157$438,234▼ $138,923
Total Net Assets Fund Balance$2,398,021$3,359,433▲ $961,412
Total Liabilities and Net Assets / Fund Balance$4,282,562$5,126,976▲ $844,414

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$71,068$345,988-
Other Assets Org$243,848--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
James R FruchtermanCEOFT$273,500$92,954$366,454
Elizabeth BeaumonPresidentFT$203,542$33,433$236,975
Mark RobertsVP EngineeringFT$188,500$39,101$227,601
Teresa ThrockmortonCFOFT$176,242$43,769$220,011
Jane PooleVP Hr & AdminFT$156,675$28,665$185,340
Fred SloneDirector of OpsFT$142,074$41,850$183,924
Anh Quynh BuiVP benetech labsFT$143,912$32,757$176,669
Charles LapierreTechnical LeadFT$124,790$34,391$159,181
Robin SeamanDirector Content AcquisFT$132,623$5,394$138,017

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
-Book Validation-$163,033
-Engineering Srvc-$152,966
Worth TrustEngineering Services928 JENIFER ST, Madison, WI 53703, In$141,082
Daproim Africa LtdEngineering Services7400 N VILLA LAKE DR N1, Peoria, IL 61614, Ke$129,804
Flexion INCBook Validation1500 W MAIN ST STE 500, Sun Prairie, WI 53590$122,461
Revenue and Support

Revenue Composition

Contributions and Grants
$2,574,088
Program Service Revenue
$10,689,996
Investment Income
$7,010
Other Revenue
$-4,980
All Other Contributions
$2,574,088
Change in Net Assets
$961,412

Audited Revenue Reconciliation

Revenue per Audited Statements
$13,266,114
Total Revenue per Audited Statements
$13,266,114
Total Revenue per Form 990
$13,266,114
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$6,593,069
Other Expenses$5,336,952
Grants and Similar Amounts Paid$374,681
Total Fundraising Expense$11,704
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,152,337$405,853-$3,558,190
Other Employee Benefits$1,533,823$438,333$2,341$1,974,497
Current Officers, Directors, Trustees, and Key Employees$364,936$580,949$7,012$952,897
Travel$293,330$28,031$17$321,378
All Other Expenses$230,840$84,817$3$315,660
Foreign Grants$200,000--$200,000
Other Expenses$196,473$1,534$2,239$198,007
Grants to Domestic Orgs$174,681--$174,681
Conferences and Meetings$162,044$12,057-$174,101
Pension Plan Contributions$89,804$17,589$92$107,485
Office Expenses$87,936$5,576-$93,512
Insurance-$11,295-$11,295
Total Functional Expenses$10,177,245$2,115,753$11,704$12,304,702

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$12,304,702
Total Expenses per Audited Statements$12,304,702
Total Expenses per Form 990$12,304,702
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Olivercoady IncOwego, NY-dev. secure documentation toolkit$104,767
Internews NetworkArcata, CA501(c)(3)dev. secure documentation toolkit$69,914

International Summary

Spending
$1,210,157

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
AsiaProgram ServicesLiteracy for Disabled00$395,482
AfricaProgram ServicesHuman Rights00$226,834
EuropeGrantsLiteracy for Disabled00$200,000
EuropeProgram ServicesLiteracy for Disabled00$167,343
AsiaProgram ServicesHuman Rights00$142,151
Latin AmericaProgram ServicesHuman Rights00$78,347
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 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
Sukhi Nagesh
Title
CFO
Signed
2016-08-15
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
87
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 model-one 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 scalable technology enterprises for social impact. In partnership with communities of field leaders and stakeholders, technologists, and social entrepreneurs, the Labs is where the Benetech team builds high-impact technology solutions that change lives. Some examples of our projects, include:Code Alliance: Founded as SocialCoding4Good in 2011, Code Alliance was relaunched in 2015 with a fresh approach to 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 do not often allow for it. As a result, the causes they are working on, from civic engagement and education to poverty alleviation and the environment, suffer. 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. In order to address these challenges we've built new standard operating procedures around technology for high social impact. Code Alliance is focused on building capacity for nonprofits to better make use of hi-tech volunteers, providing a new framework of opportunities to better leverage corporate volunteering programs, as well as engaging and matching highly skilled and motivated volunteers in a more curated and targeted way.SecureApp: In response to increasing demand from our partners in the human rights field, Benetech is in the process of creating our own mobile surveying tool. At its core, a secureApp enables an organization to devise a custom mobile survey template, with a variety of question types (including drop-down, free-form, radio buttons) and collect information privately and securely. In line with our experience working with human rights activists, our tool emphasizes security, building encryption in to the back end. Through many years of engagement with international and grassroots human rights defenders, we have come to learn that security and privacy are key components of a usable tool for these populations, for whom data is their most valuable asset.

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 IX, 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 $766,777 are included in column C, Management and general expenses, as part of the organization's overhead costs.

Raw XML AppendixShowing 400 of 829 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.

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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 and the world 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 produce synthetic speech (text-to-speech) with synchronized text, large print, or Braille. This includes a number of tools provided by Benetech, including readers for iOS, Android, and major web browsers. Bookshare was launched in February 2002 and has over 391,000 eligible members as of December 31, 2015 in the US and over 65 other countries. Through the active participation of thousands of volunteers, partners, universities and over 590 publishers around the world, Bookshare provides people with print disabilities with instant access to more than 385,000 books spanning 27 languages as well as 150 daily newspapers.DIAGRAM Center: A complementary initiative to Bookshare, the Digital Image and Graphic Resources for Accessible Materials (DIAGRAM) Center began as a research and development center committed to making it easier, cheaper, and faster to create and use accessible images. In the fall of 2015, DIAGRAM was awarded new funding to expand its mandate so that is now committed to identifying and building new technologies for accessible educational materials for students with a broad range of disabilities. DIAGRAM accomplishes this work through a combination of developing technical standards, providing research and training on best practices (like the Top Tips for Accessible EPUB 3), and building tools (such as Poet, an open source, web-based image description tool). DIAGRAM has a strong emphasis on math as well, including tools that make it easier for content creators to create accessible math and users to find tools to access math. DIAGRAM has assembled the nations top community of cross-sector experts in the field of image accessibility; developed innovative open source software tools, including Poet; provided trainings to over 1,000 unique webinar attendees; and influenced the alignment of the standards for web accessibility, mainstream digital book creation, and discoverability of online content.
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IRS990/Form990PartVIISectionAGrp/TitleTxt11VP ENGINEERING
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IRS990/Form990PartVIISectionAGrp/TitleTxt15TECHNICAL LEAD
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIR CONTENT ACQUIS
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IRS990/MissionDesc0Benetech is a nonprofit whose mission is to empower communities in need by creating scalable technology solutions. Our work has transformed how people with disabilities read; made it safer for human rights defenders to document human rights violations; and equipped environmental conservationists to protect ecosystems and species all over the world. Our Benetech Labs is working on the next big impact.
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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