Civic Intelligence

Techequity Action

990 • Fiscal year 2021 • EIN 86-2362127

Jul 01, 2020 to Jun 30, 2021 • Filed on Nov 15, 2022

1120 Pine StreetMartinez, CA 94553

(617) 921-4639

Siviq Scores

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

Liabilities / Assets

93rd percentile

0.71x

Higher debt load relative to assets than 93% of similar nonprofits.

2021 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

89th percentile

1.13x

Higher debt load relative to revenue than 89% of similar nonprofits.

2021 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2021

Net Margin

84th percentile

46%

Higher net margin than 84% of similar nonprofits.

2021 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2021

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2021

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2021

Assets

$799,021

No earlier filing loaded for comparison.

Net Assets

$232,440

No earlier filing loaded for comparison.

Liabilities

$566,581

No earlier filing loaded for comparison.

Revenue

$500,000

No earlier filing loaded for comparison.

Expenses

$267,560

No earlier filing loaded for comparison.

Net Income

$232,440

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0-$500KAssets 2021: $799,021Liabilities 2021: $566,581Net Assets 2021: $232,4402021Assets 2022: $127,397Liabilities 2022: $285,714Net Assets 2022: -$158,3172022Assets 2024: $467,187Liabilities 2024: $34,182Net Assets 2024: $433,0052024

Highlighted filing

2021

Assets$799,021
Liabilities$566,581
Net Assets$232,440

Operations Trend

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

$800K$600K$400K$200K$0-$200KRevenue 2021: $500,000Expenses 2021: $267,560Net Income 2021: $232,4402021Revenue 2022: $571,429Expenses 2022: $605,043Net Income 2022: -$33,6142022Revenue 2024: $450,000Expenses 2024: $104,908Net Income 2024: $345,0922024

Highlighted filing

2021

Revenue$500,000
Expenses$267,560
Net Income$232,440
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Nov 15, 2022
Return Version
2020v4.1
Gross Receipts
$500,000
Mission and Program Overview

Mission

Our mission is to ensure that the tech industry is a force for justice in our economy. We do this by empowering tech workers to advoacte for structural change through progressive policy and candidate campaigns.

Our mission is to ensure that the tech industry is a force for justice in our economy. We do this by empowering tech workers to advocate for structural change through progressive policy and candidate campaigns.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts-$799,021-
Total Assets$0$799,021▲ $799,021
Liabilities
Deferred Revenue-$500,000-
Accounts Payable and Accrued Expenses-$66,581-
Total Liabilities$0$566,581▲ $566,581
Net Assets / Fund Balance
Net Assets Without Donor Restrictions-$232,440-
Total Net Assets Fund Balance$0$232,440▲ $232,440
Total Liabilities and Net Assets / Fund Balance$0$799,021▲ $799,021
Compensation and Service Providers

Board Members and Trustees

NameTitle
Matt EwingBoard Chair
Alex LoftonBoard Member
Candice ElderBoard Member
Ernest BrownBoard Member
Hallie Montoya TanseyBoard Member
Jennifer MartinezBoard Member
Jess Morales RockettoBoard Members
Catherine BracyCEO
Ian MogaveroCFO
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$500,000
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$232,440
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$267,560
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management$200,000--$200,000
Fees for Services Other$62,765$16-$62,781
Fees for Services Legal$2,342--$2,342
Information Technology$1,424--$1,424
Office Expenses$50$963-$1,013
Total Functional Expenses$266,581$979$0$267,560
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
Yes
Subject to proxy tax
No

Reported Spending and Taxes

Line ItemAmount
Political Expenditures$25,550
Total Exempt Function Spending$25,550
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990 governing body review Part VI line 11

The 990 tax return is reviewed in detail by the organizations chief financial officer and outsourced tax preparer. The final draft of the 990 return is shared with the entire board of directors prior to e-filing the return

Conflict of interest policy compliance Part VI line 12C

All new partnerships are brought before the board of directors. The board is expected to disclose any conflicts of interest.

CEO executive director top management comp Part VI line 15A

Review of staff performance is conducted annually. The staff performance is reviewed by a supervisor. The executive directors annual performance and compensation is determined by reviewing a compensation matric data in comparison with other similar organizations, same budget size and same geogrpahic. All salaries are compared with other non-profit organizations with similar budget size.

Form 990 availability to public Part VI line 18

Techequity action makes its governing documents conflict of interest policy and fiancial statements available to the public upon reasonable request.

Governing documents etc available to public Part VI line 19

Governing documents are available to the public upon reasonable request

Filing and Contact Details

Filer

Filer Name
Techequity Action
EIN
86-2362127
Address
1120 PINE STREET, MARTINEZ, CA 94553

Signing Officer

Name
Ian Mogavero
Title
CFO
Phone
6179214639
Signed
2022-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ian Mogavero
Formed
2020
Legal Domicile
CA
Voting Board Members
8
Independent Board Members
8
Employees
0

Preparer

Firm
Backops Inc
Address
548 MARKET STREET UNIT 97694, SAN FRANCISCO, CA 94104
Preparer
Carol Foster
Phone
4153004339
Supplemental Narrative

Additional Explanations

Significant program services not listed on prior year return Part III line 2

Support the operations of techequity action, support our growth as a sustainable organization. The organization also supported lobbying work through shared service arrangement with techequity collaborative. In 2021 we built the structures and processes required to launch a pilot candidate endorsement for 2022. Provided grants to techequity collaborative to support its work. Together with our community and advisors techequity action introduced a bold policy agenda to address economic inequality in the workforce and housing markets . Held our first lobby day, where our community members spoke directly with legislators to voice their support to expand economic access & workers protections. Helped pass silenced no more act, building opportunities for all.

List of other fees for services expenses Part IX line 11G

Support the operations of techequity action, supporting our growth as a sustainable organization. This organization growth included building the accounting, legal, marketing, and operational components of a new entity.

Part III response or note to any other line in Part III

Statement of program accomplishments

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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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IRS990ScheduleC/SupplementalInformationDetail/ExplanationTxt0THROUGH GRANTS, WE SUPPORTED THE FOLLOWING PROJECTS:EDUCATED THOUSANDS OF VOTERS: TECHEQUITY COLLABORATIVE ILLUMINATED AND EXPLAINED KEY LOCAL AND STATE MEASURES SO THE COMMUNITY COULD MAKE INFORMED DECISIONS DOWN THE BALLOT. THEY TOUCHED MORE THAN 5,000 VOTERS WITH OUR ELECTION RESOURCES, WITH MORE THAN 3,000 PEOPLE READING A PROP 22 EXPLAINER ARTICLE.SUPPORTED A CALIFORNIA STATE RENTAL REGISTRY: TECHEQUITY COLLABORATIVE HAS CHAMPIONED THE DEVELPMENT OF A STATEWIDE RENTAL REGISTRY SINCE 2019. IN 2021 THEY SPONSORED A RENTAL REGISTRY BILL WITH ASM. WICKS OFFICE, AB1188, TO DEVELOP A RENTAL REGISTRY THAT UNFORTUNATELY WAS NOT PASSED BY THE LEGISLATURE. TECHEQUITY ACTION FUNDED THIS WORK.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 990 TAX RETURN IS REVIEWED IN DETAIL BY THE ORGANIZATIONS CHIEF FINANCIAL OFFICER AND OUTSOURCED TAX PREPARER. THE FINAL DRAFT OF THE 990 RETURN IS SHARED WITH THE ENTIRE BOARD OF DIRECTORS PRIOR TO E-FILING THE RETURN
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL NEW PARTNERSHIPS ARE BROUGHT BEFORE THE BOARD OF DIRECTORS. THE BOARD IS EXPECTED TO DISCLOSE ANY CONFLICTS OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2REVIEW OF STAFF PERFORMANCE IS CONDUCTED ANNUALLY. THE STAFF PERFORMANCE IS REVIEWED BY A SUPERVISOR. THE EXECUTIVE DIRECTORS ANNUAL PERFORMANCE AND COMPENSATION IS DETERMINED BY REVIEWING A COMPENSATION MATRIC DATA IN COMPARISON WITH OTHER SIMILAR ORGANIZATIONS, SAME BUDGET SIZE AND SAME GEOGRPAHIC. ALL SALARIES ARE COMPARED WITH OTHER NON-PROFIT ORGANIZATIONS WITH SIMILAR BUDGET SIZE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3TECHEQUITY ACTION MAKES ITS GOVERNING DOCUMENTS CONFLICT OF INTEREST POLICY AND FIANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REASONABLE REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNING DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REASONABLE REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5SUPPORT THE OPERATIONS OF TECHEQUITY ACTION, SUPPORT OUR GROWTH AS A SUSTAINABLE ORGANIZATION. THE ORGANIZATION ALSO SUPPORTED LOBBYING WORK THROUGH SHARED SERVICE ARRANGEMENT WITH TECHEQUITY COLLABORATIVE. IN 2021 WE BUILT THE STRUCTURES AND PROCESSES REQUIRED TO LAUNCH A PILOT CANDIDATE ENDORSEMENT FOR 2022. PROVIDED GRANTS TO TECHEQUITY COLLABORATIVE TO SUPPORT ITS WORK. TOGETHER WITH OUR COMMUNITY AND ADVISORS TECHEQUITY ACTION INTRODUCED A BOLD POLICY AGENDA TO ADDRESS ECONOMIC INEQUALITY IN THE WORKFORCE AND HOUSING MARKETS . HELD OUR FIRST LOBBY DAY, WHERE OUR COMMUNITY MEMBERS SPOKE DIRECTLY WITH LEGISLATORS TO VOICE THEIR SUPPORT TO EXPAND ECONOMIC ACCESS & WORKERS PROTECTIONS. HELPED PASS SILENCED NO MORE ACT, BUILDING OPPORTUNITIES FOR ALL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6SUPPORT THE OPERATIONS OF TECHEQUITY ACTION, SUPPORTING OUR GROWTH AS A SUSTAINABLE ORGANIZATION. THIS ORGANIZATION GROWTH INCLUDED BUILDING THE ACCOUNTING, LEGAL, MARKETING, AND OPERATIONAL COMPONENTS OF A NEW ENTITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7STATEMENT OF PROGRAM ACCOMPLISHMENTS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990 availability to public Part VI line 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Significant program services not listed on prior year return Part III line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6List of other fees for services expenses Part IX line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Part III response or note to any other line in Part III
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0true
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsEOYAmt0799021
IRS990/TotalAssetsGrp/BOYAmt00
IRS990/TotalAssetsGrp/EOYAmt0799021
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0979
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0266581
IRS990/TotalFunctionalExpensesGrp/TotalAmt0267560
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt0566581
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt0566581
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0232440
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0266581
IRS990/TotalProgramServiceRevenueAmt0500000
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0500000
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0500000
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0799021
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0TECHEQUITYACTION.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd000
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0IAN MOGAVERO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CFO
ReturnHeader/BusinessOfficerGrp/PhoneNum06179214639
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0TECHEQUITY ACTION
ReturnHeader/Filer/BusinessNameControlTxt0TECH
ReturnHeader/Filer/EIN0862362127
ReturnHeader/Filer/USAddress/AddressLine1Txt01120 PINE STREET
ReturnHeader/Filer/USAddress/CityNm0MARTINEZ
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd094553
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0460856488
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Backops Inc
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0548 MARKET STREET UNIT 97694
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SAN FRANCISCO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd094104
ReturnHeader/PreparerPersonGrp/PhoneNum04153004339
ReturnHeader/PreparerPersonGrp/PreparationDt02022-11-22
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Carol Foster
ReturnHeader/ReturnTs02022-11-22T16:23:57-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0IAN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0MOGAVERO
ReturnHeader/TaxPeriodBeginDt02020-07-01
ReturnHeader/TaxPeriodEndDt02021-06-30
ReturnHeader/TaxYr02020

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