Technoserve Inc
- Assets
- $114.3m
- Revenue
- $96.6m
- Investments
- $819.8k
- Employees
- 145
- Location
- Arlington, VA
- Founding
- 04/1969
- Data as of
- 12/2021
- EIN
- 13-2626135
Organization Overview
Technoserve Inc is located in Arlington, VA. The organization was established in 1969. According to its NTEE Classification (Q32) the organization is classified as: International Economic Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2021, Technoserve Inc employed 145 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Technoserve Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Technoserve Inc generated $96.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $92.4m during the year ending 12/2021. While expenses have increased by 0.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TECHNOSERVE WORKS WITH ENTERPRISING PEOPLE IN THE DEVELOPING WORLD TO BUILD COMPETITIVE FARMS, BUSINESSES, AND INDUSTRIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Warshauer President & CEO | OfficerTrustee | 40 | $433,855 |
Jeffrey Chrisfield CFO | Officer | 40 | $294,041 |
Kindra Halvorson Chief Transformation Officer | Officer | 40 | $278,567 |
Shawn Mood Chief Human Capital Officer | Officer | 40 | $278,063 |
Jane Grob Frey Country Director | 40 | $255,805 | |
Lawrence Umunna Regional Director, West Africa | Officer | 40 | $250,281 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rpx Consulting Group Inc Monetization Services | 12/30/21 | $477,416 |
Saramac Consulting Llc Monetization Services | 12/30/21 | $398,923 |
Laterite Ltd Monitoring/evaluation/survey Services | 12/30/21 | $365,454 |
Nathani Law Practice Pllc Legal Services | 12/30/21 | $279,065 |
Consulting For Africa Pty Ltd Monetization Services | 12/30/21 | $223,063 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $27,764,635 |
| All other contributions, gifts, grants, and similar amounts not included above | $68,420,635 |
| Noncash contributions included in lines 1a–1f | $19,603,913 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $96,185,270 |
| Total Program Service Revenue | $174,409 |
| Investment income | $91,252 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $110,238 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $96,632,627 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $11,081,796 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $3,902,409 |
| Compensation of current officers, directors, key employees. | $1,005,959 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $30,282,102 |
| Pension plan accruals and contributions | $2,215,744 |
| Other employee benefits | $9,522,615 |
| Payroll taxes | $2,691,566 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $446,209 |
| Fees for services: Accounting | $416,387 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $108,000 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $11,155,045 |
| Advertising and promotion | $431,598 |
| Office expenses | $2,884,959 |
| Information technology | $1,250,706 |
| Royalties | $0 |
| Occupancy | $2,276,281 |
| Travel | $4,698,896 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $385,255 |
| Interest | $90 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $310,261 |
| Insurance | $321,763 |
| All other expenses | $0 |
| Total functional expenses | $92,448,341 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,830,920 |
| Savings and temporary cash investments | $87,547,081 |
| Pledges and grants receivable | $8,214,452 |
| Accounts receivable, net | $863,659 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,780,317 |
| Net Land, buildings, and equipment | $2,217,885 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $819,835 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,188 |
| Total assets | $114,276,337 |
| Accounts payable and accrued expenses | $8,048,040 |
| Grants payable | $0 |
| Deferred revenue | $80,634,317 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,670,468 |
| Total liabilities | $95,352,825 |
| Net assets without donor restrictions | $14,453,622 |
| Net assets with donor restrictions | $4,469,890 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $114,276,337 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Technoserve Inc has recieved totaling $82,000.
| Awarding Organization | Amount |
|---|---|
Branson Family Foundation Los Altos, CA PURPOSE: GENERAL | $80,000 |
Arjun Family Foundation Rancho Mission Viejo, CA PURPOSE: UNRESTRICTED | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Technoserve Inc Arlington, VA | $114,276,337 | $96,632,627 |
Center For International Private Enterprise Inc Washington, DC | $7,049,189 | $42,269,562 |
Accion International Washington, DC | $386,472,102 | $4,901,116 |
International Budget Partnership Washington, DC | $22,613,845 | $10,208,589 |
The Global Development Incubator Inc Washington, DC | $19,206,818 | $12,212,974 |
U S Russia Foundation For Ecnomic Advancement And The Rule Of Law Washington, DC | $338,533,234 | $10,918,102 |
International Economic Development Council Inc Washington, DC | $7,664,446 | $7,258,490 |
Amazima Ministries International Education And Empowerment For East Franklin, TN | $5,696,478 | $7,457,934 |
Grassroots Business Partners Inc Washington, DC | $4,894,378 | $2,765,853 |
Serrv International Inc Westminster, MD | $5,915,930 | $5,889,769 |
Junior Achievement Of Greater Washington Washington, DC | $13,546,976 | $4,222,443 |
Fairtrade America United Inc Washington, DC | $5,153,549 | $4,146,091 |