Liabilities / Assets
99th percentile
Higher debt load relative to assets than 99% of similar nonprofits.
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
2.24x
Liabilities / Revenue
80th percentile
Higher debt load relative to revenue than 80% of similar nonprofits.
Net Margin
26th percentile
Higher net margin than 26% of similar nonprofits.
Top Officer Pay
Score unavailable
This filing does not contain officer compensation rows.
Asset Growth
1st percentile
Faster asset growth than 1% of similar nonprofits.
Revenue Growth
64th percentile
Faster revenue growth than 64% of similar nonprofits.
Balance Sheet
Assets
Down$127,397
Down $671,624 (-84%) from 2021
Net Assets
Down-$372,603
Down $605,043 (-260%) from 2021
Liabilities
Down$500,000
Down $66,581 (-12%) from 2021
Revenue And Expenses
Revenue
Down$0
Down $500,000 (-100%) from 2021
Expenses
Up$605,043
Up $337,483 (+126%) from 2021
Net Income
Down-$605,043
Down $837,483 (-360%) from 2021
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jul 1, 2021 to Jun 30, 2022
- Signed
- Nov 15, 2022
- Return Version
- 2021v4.2
- Gross Receipts
- $571,429
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.
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Cash and Non-Interest-Bearing Accounts | $799,021 | $126,709 | ▼ $672,312 |
| Prepaid Expenses and Deferred Charges | - | $688 | - |
| Total Assets | $799,021 | $127,397 | ▼ $671,624 |
| Liabilities | |||
| Deferred Revenue | $857,143 | $285,714 | ▼ $571,429 |
| Accounts Payable and Accrued Expenses | $66,581 | - | - |
| Total Liabilities | $923,724 | $285,714 | ▼ $638,010 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $-124,703 | $-158,317 | ▼ $33,614 |
| Total Net Assets Fund Balance | $-124,703 | $-158,317 | ▼ $33,614 |
| Total Liabilities and Net Assets / Fund Balance | $799,021 | $127,397 | ▼ $671,624 |
Compensation and Service Providers
Board Members and Trustees
| Name | Title |
|---|---|
| Matt Ewing | Board Chair |
| Alex Lofton | Board Member |
| Candis Elder | Board Member |
| Earnest Brown | Board Member |
| Elena Chavez Quezada | Board Member |
| Hallie Montoya Tansey | Board Member |
| Jess Morales Roketto | Board Member |
| Catherine Bracy | CEO |
| Ian Mogavero | CFO |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $0
- Program Service Revenue
- $571,429
- Investment Income
- $0
- Other Revenue
- $0
- Change in Net Assets
- $-33,614
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Other Expenses | $605,043 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Salaries, Compensation, and Employee Benefits | $0 |
| Total Fundraising Expense | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Fees for Services Other | $596,876 | - | - | $596,876 |
| Insurance | - | $7,566 | - | $7,566 |
| Fees for Services Accounting | - | $601 | - | $601 |
| Total Functional Expenses | $596,876 | $8,167 | $0 | $605,043 |
Fundraising, Events, and Gaming
- Fundraising activities
- No
- Gaming activities
- No
- Professional fundraiser used
- No
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
Political and Lobbying Activity
- Political campaign activity
- Yes
- In-house lobbying only
- No
- Subject to proxy tax
- No
Reported Spending and Taxes
| Line Item | Amount |
|---|---|
| Political Expenditures | $20,596 |
Governance and Compliance
Governance Checklist
- Compiled or reviewed by an accountant
- No
- Annual disclosure for covered persons
- 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
- No
- 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 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 cirectors 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 St Unit 97694, San Francisco, CA 94104
- Preparer
- Carol Foster
- Phone
- 4152869378
Supplemental Narrative
Additional Explanations
Amended return information
“Data entry: part iii, achievement revenue $571kpart iv, box 3, marked nopart vi, box 12a-c marked noremoved schedule c: voter education guides does not fall under political campaign activity”
Significant program services not listed on prior year return Part III line 2
“Supported ongoing operations of the organization and focused programmatic efforts on the california pay equity act. This signed into law in oct 2022 extends californians existing pay data reporting requirements to the temporary/contract workforce and strengthens pay transparency for all workers. Using the same policy framework, the bill creats the same transparency requirements for the growing temporary/contract workforce as currently exisits for the direct-hire workforce. It requires annual reporting on the wage, race gender and ethnicity data within each job category.sb1162 ensures that companies create a fair and equal playing fields for all workers by posting the salary in the job descritpion & posting promotional opportunities to their existing employees before selecting a candidate”
List of other fees for services expenses Part IX line 11G
“Support the operations of techequity action, supporting our growth as a sustainable orgaanization. This organization growth included building the accounting, legal, marketing, and operationsl components of a new entity.”
Part III response or note to any other line in Part III
“Statement of program acomplishments”
Raw XML Appendix338 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/Desc | 0 | THROUGH GRANTS, WE SUPPORTED THE FOLLOWING PROJECTS: THE TECH, BIAS AND HOUSING INITITATIVE(TBHI). TBHI IS EXAMINING HOW THE HOUSING TECH SPACE MANY HARDCODE ALGORITHMIC BIAS AND INEQUALITY AND WHEATHER HARD-FOUGHT VICTORIES TO PROTECT TENANTS AND EXPAND HOUSING AVAILABILITY ARE UPHELD THROUGH NEW PLATFORMS AND DIGITIAL ADVANCEMENTS. LAUNCHED THE CONTRACT WORKER DISPARITY PROJECT(CWDP). CWDP IS THE NEXT PHASE OF TECHEQUITY COLLABORATIVES RESPONSIBLE CONTRACTING INITIATIVE. THE GOAL IS TO SHED LIGHT ON THE INEQUITIES BETWEEN FULL-TIME EMPLOYEES OF TECH COMPANIES AND CONTRACT WORKERS WHO ARE DOING SIMILAR JOBS BUT PAID LOWER WAGES AND FEWER BENEFITS. GRANTEES ARE RELEASING A SERIES OF PAPERS, SURVEYS AND HOSTING INTERVIEWS AND FOCUS GROUPS WITH WORKERS THROUGHTOUT 2021 AND 2022. THE GOAL IS TO EMERGE WITH A RESPONSIBLE CONTRACTING STANDARD FOR THESE WORKERS AND A PUBLIC POLICY AGENDA TO END THE ARTIFICAL DISPARITIES BETWEEN THESE WORKFORCES. |
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| IRS990ScheduleC/PoliticalExpendituresAmt | 0 | 20596 |
| IRS990ScheduleC/SubstantiallyAllDuesNondedInd | 0 | true |
| IRS990ScheduleC/SupplementalInformationDetail/ExplanationTxt | 0 | THROUGH GRANTS, WE SUPPORTED TEH FOLLOWING PROJECTS:THE TECH,BIAS AND HOUSING INITIATIVE (TBHI)- TBHI IS EXAMINING HOW THE HOUSING TECH SPACE MAY HARDCODE ALGORITHMIC BIAS AND INEQUALITY AND WHETHER HARD-FOUGHT VICTORIES TO PROTECT TENANTS AND EXPAND HOUSING AVAILABILITY ARE UPHELD THROUGH NEW PLATFORMS AND DIGITAL ADVANCEMENTS.LAUNCHED THE CONTRACT WORKERS DISPARITY PROJECT (CWDP)- CWDP IS THE NEXT PHASE OF TECHEQUITY COLLABORATIVES RESPONSIBLE CONTRACTING INITIATIVE. THE GOAL IS TO SHED LIGHT ON THE INEQUITIES BETWEEN FULL-TIME EMPLOYEES OF TECH COMPANIES AND CONTRACT WORKERS WHO ARE DOING SIMILAR JOBS BUT PAID LOWER WAGES WITH FEWER BENEFITS. GRANTEES ARE RELEASING A SERIES OF PAPERS, SURVEYS AND HOSTING INTERVIEWS AND FOCUS GROUPS WITH WORKERS THROUGHOUT 2021 AND 2022. |
| IRS990ScheduleC/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Direct and indirect political campaign activities (Part I-A, line 1) |
| IRS990/ScheduleJRequiredInd | 0 | false |
| IRS990/ScheduleORequiredInd | 0 | true |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | DATA ENTRY: PART III, ACHIEVEMENT REVENUE $571KPART IV, BOX 3, MARKED NOPART VI, BOX 12A-C MARKED NOREMOVED SCHEDULE C: VOTER EDUCATION GUIDES DOES NOT FALL UNDER POLITICAL CAMPAIGN ACTIVITY |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | 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 CIRECTORS PRIOR TO E-FILING THE RETURN |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | ALL NEW PARTNERSHIPS ARE BROUGHT BEFORE THE BOARD OF DIRECTORS. THE BOARD IS EXPECTED TO DISCLOSE ANY CONFLICTS OF INTEREST. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | TECHEQUITY ACTION MAKES ITS GOVERNING DOCUMENTS CONFLICT OF INTEREST POLICY AND FIANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REASONABLE REQUEST. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | GOVERNING DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REASONABLE REQUEST |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | SUPPORTED ONGOING OPERATIONS OF THE ORGANIZATION AND FOCUSED PROGRAMMATIC EFFORTS ON THE CALIFORNIA PAY EQUITY ACT. THIS SIGNED INTO LAW IN OCT 2022 EXTENDS CALIFORNIANS EXISTING PAY DATA REPORTING REQUIREMENTS TO THE TEMPORARY/CONTRACT WORKFORCE AND STRENGTHENS PAY TRANSPARENCY FOR ALL WORKERS. USING THE SAME POLICY FRAMEWORK, THE BILL CREATS THE SAME TRANSPARENCY REQUIREMENTS FOR THE GROWING TEMPORARY/CONTRACT WORKFORCE AS CURRENTLY EXISITS FOR THE DIRECT-HIRE WORKFORCE. IT REQUIRES ANNUAL REPORTING ON THE WAGE, RACE GENDER AND ETHNICITY DATA WITHIN EACH JOB CATEGORY.SB1162 ENSURES THAT COMPANIES CREATE A FAIR AND EQUAL PLAYING FIELDS FOR ALL WORKERS BY POSTING THE SALARY IN THE JOB DESCRITPION & POSTING PROMOTIONAL OPPORTUNITIES TO THEIR EXISTING EMPLOYEES BEFORE SELECTING A CANDIDATE |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 7 | SUPPORT THE OPERATIONS OF TECHEQUITY ACTION, SUPPORTING OUR GROWTH AS A SUSTAINABLE ORGAANIZATION. THIS ORGANIZATION GROWTH INCLUDED BUILDING THE ACCOUNTING, LEGAL, MARKETING, AND OPERATIONSL COMPONENTS OF A NEW ENTITY. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 8 | STATEMENT OF PROGRAM ACOMPLISHMENTS |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Amended return information |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Form 990 governing body review Part VI line 11 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Conflict of interest policy compliance Part VI line 12c |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | CEO executive director top management comp Part VI line 15a |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | Form 990 availability to public Part VI line 18 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | Governing documents etc available to public Part VI line 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | Significant program services not listed on prior year return Part III line 2 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 7 | List of other fees for services expenses Part IX line 11g |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 8 | Part III response or note to any other line in Part III |
| IRS990/SchoolOperatingInd | 0 | false |
| IRS990/SignificantChangeInd | 0 | false |
| IRS990/SignificantNewProgramSrvcInd | 0 | true |
| IRS990/StatesWhereCopyOfReturnIsFldCd | 0 | CA |
| IRS990/SubjectToExcsTaxNetInvstIncInd | 0 | false |
| IRS990/SubjectToProxyTaxInd | 0 | false |
| IRS990/SubjToTaxRmnrtnExPrchtPymtInd | 0 | false |
| IRS990/TaxablePartyNotificationInd | 0 | false |
| IRS990/TaxExemptBondsInd | 0 | false |
| IRS990/TerminateOperationsInd | 0 | false |
| IRS990/TotalAssetsBOYAmt | 0 | 799021 |
| IRS990/TotalAssetsEOYAmt | 0 | 127397 |
| IRS990/TotalAssetsGrp/BOYAmt | 0 | 799021 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 127397 |
| IRS990/TotalCompGreaterThan150KInd | 0 | false |
| IRS990/TotalEmployeeCnt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/FundraisingAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt | 0 | 8167 |
| IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt | 0 | 596876 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 605043 |
| IRS990/TotalGrossUBIAmt | 0 | 0 |
| IRS990/TotalLiabilitiesBOYAmt | 0 | 923724 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 285714 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 923724 |
| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 285714 |
| IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt | 0 | -124703 |
| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | -158317 |
| IRS990/TotalOtherCompensationAmt | 0 | 0 |
| IRS990/TotalProgramServiceExpensesAmt | 0 | 596876 |
| IRS990/TotalProgramServiceRevenueAmt | 0 | 571429 |
| IRS990/TotalReportableCompFromOrgAmt | 0 | 0 |
| IRS990/TotalRevenueGrp/ExclusionAmt | 0 | 0 |
| IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 571429 |
| IRS990/TotalRevenueGrp/TotalRevenueColumnAmt | 0 | 571429 |
| IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt | 0 | 0 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt | 0 | 799021 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt | 0 | 127397 |
| IRS990/TotReportableCompRltdOrgAmt | 0 | 0 |
| IRS990/TransactionWithControlEntInd | 0 | false |
| IRS990/TypeOfOrganizationCorpInd | 0 | X |
| IRS990/UnrelatedBusIncmOverLimitInd | 0 | false |
| IRS990/UponRequestInd | 0 | X |
| IRS990/VotingMembersGoverningBodyCnt | 0 | 8 |
| IRS990/VotingMembersIndependentCnt | 0 | 8 |
| IRS990/WebsiteAddressTxt | 0 | TECHEQUITYACTION.ORG |
| IRS990/WhistleblowerPolicyInd | 0 | false |
| IRS990/WrittenPolicyOrProcedureInd | 0 | false |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd | 0 | AAL2 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd | 0 | IAL1 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd | 0 | 00 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd | 0 | 0 |
| ReturnHeader/BuildTS | 0 | 2022-09-23 18:48:47Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | IAN MOGAVERO |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | CFO |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 6179214639 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2022-11-15 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | TECHEQUITY ACTION |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | TECH |
| ReturnHeader/Filer/EIN | 0 | 862362127 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 1120 PINE STREET |
| ReturnHeader/Filer/USAddress/CityNm | 0 | MARTINEZ |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | CA |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 94553 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 460856488 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | Backops Inc |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 548 Market St Unit 97694 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | San Francisco |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | CA |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 94104 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 4152869378 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2022-11-23 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | Carol Foster |
| ReturnHeader/ReturnTs | 0 | 2022-11-23T18:57:55-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990 |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm | 0 | IAN |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm | 0 | MOGAVERO |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2021-07-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2022-06-30 |
| ReturnHeader/TaxYr | 0 | 2021 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2022 • Form 990Detailed filing. Detailed filing data is available for this year.
- Assets
- $127,397
- Liabilities
- $500,000
- Net assets
- -$372,603
- Revenue
- $0
- Expenses
- $605,043
- Net income
- -$605,043