Beneficent Technology Inc

Organization Overview

Beneficent Technology Inc, operating under the name Benetech, is located in Palo Alto, CA. The organization was established in 2001. According to its NTEE Classification (P82) the organization is classified as: Developmentally Disabled Centers, under the broad grouping of Human Services and related organizations. As of 12/2021, Benetech employed 106 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Benetech 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, Benetech generated $16.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $14.6m during the year ending 12/2021. While expenses have increased by 2.5% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

BENETECH IS A NONPROFIT THAT EMPOWERS COMMUNITIES WITH SOFTWARE FOR SOCIAL GOOD.

Describe the Organization's Program Activity:

Part 3 - Line 4a

EDUCATION AND LITERACY:OUR WORK IN EDUCATION AND LITERACY IS HELPING TO LEVEL THE PLAYING FIELD WITH INCLUSIVE ACCESS TO INFORMATION TO REDUCE SOCIAL AND ECONOMIC INEQUALITY. WE ARE TRANSFORMING HOW INFORMATION IS MADE ACCESSIBLE SO THAT EVERYONE CAN LEARN, WORK, AND PURSUE THEIR DREAMS. THROUGH BOOKSHARE WE PROVIDE THE WORLD'S LARGEST ONLINE SERVICE FOR ACCESSIBLE EBOOKS DELIVERING MORE THAN 20 MILLION EBOOKS TO OVER 900,000 USERS ACROSS 95 COUNTRIES. OUR BORN ACCESSIBLE INITIATIVE CONTINUES TO DRIVE SYSTEM CHANGE IN THE PUBLISHING INDUSTRY, PARTNERING WITH MORE THAN 1,000 PUBLISHERS TO MAKE BOOKS ACCESSIBLE WHEN THEY ARE CREATED. PEOPLE WITH READING BARRIERS AND DISABILITIES AROUND THE WORLD OFTEN LACK EQUAL ACCESS TO INFORMATION AND EMPLOYMENT. THOSE IN ECONOMICALLY DISADVANTAGED COMMUNITIES OFTEN STRUGGLE TO FIND WORK AND BUILD SUSTAINABLE LIVELIHOODS. OUR SOFTWARE FOR SOCIAL GOOD PLATFORMS ENABLE INDIVIDUALS AND COMMUNITIES TO ACQUIRE KNOWLEDGE AND BUILD SKILLS THAT CAN HELP THEM FIND MEANINGFUL WORK OR ADVANCE IN THEIR CAREERS AS WELL AS ACCESS SERVICES THAT HELP BUILD SUSTAINABLE LIVELIHOODS. OUR WORK IN SOCIAL INCLUSION IS FOCUSED ON ONE BIG THING: MAKING INFORMATION ACCESSIBLE SO THAT EVERYONE CAN LEARN, WORK, SOCIALIZE, AND PURSUE THEIR DREAMS.


HUMAN RIGHTS:BENETECH IS FOCUSED ON INNOVATION AND SCALING OUR WORK IN EDUCATION, LITERACY, EMPLOYMENT AND SOCIAL INCLUSION. AS A RESULT, WE ARE TRANSITIONING OR HAVE ALREADY TRANSITIONED PRIOR SOFTWARE WORK IN HUMAN RIGHTS TO PARTNERS IN THOSE COMMUNITIES.


TECH MATTERS:THIS FISCALLY SPONSORED PROJECT WORKS IN THREE AREAS: BUILDING THE TECH FOR SOCIAL GOOD FIELD, ASSISTING CRISIS RESPONSE HELPLINES, AND SUPPORTING LOCAL LEADERS AROUND THE WORLD. FIELD-BUILDING WORK INCLUDES NO-CHARGE CONSULTING TO NONPROFIT LEADERS, A PODCAST FEATURING TECH FOR GOOD LEADERS, PUBLIC SPEAKING AND WRITTEN ARTICLES. ASELO IS OUR OPEN SOURCE CONTACT CENTER PLATFORM DESIGNED SPECIFICALLY FOR THE NEEDS OF CRISIS RESPONSE HELPLINES WHICH DO COUNSELING, REFERRAL AND CASE MANAGEMENT. ASELO WAS DEPLOYED IN FIVE COUNTRIES AT THE END OF 2021. TERRASO IS AN ONLINE PLATFORM BEING BUILT FOR LOCAL LEADERS TO ACCESS THE TOOLS, DATA AND FUNDING THEY NEED TO BUILD MORE SUSTAINABLE AND REGENERATIVE LOCAL ECONOMIES AGAINST THE BACKDROP OF CLIMATE CHANGE. TERRASO WAS IN ITS INITIAL SOFTWARE DEVELOPMENT PHASE AT THE END OF 2021.


POVERTY: INEQUITY DEMANDS SOCIAL ACTION. LACK OF ACCESS TO EDUCATION, EMPLOYMENT, HEALTH, HOUSING, AND JUSTICE HINDERS HUMAN PROGRESS. WE'RE DRIVEN TO LEVEL THE PLAYING FIELD BY PROVIDING COLLABORATIVE SOFTWARE PLATFORMS. THROUGH INFORMATION AND DATA EXCHANGE WE CAN HELP CLOSE THE GAPS AND PROVIDE A BRIDGE TO NEW OPPORTUNITIES FOR THOSE WHO NEED IT. BENETECH SERVICE NET IS MAKING IT EASIER TO SHARE AND MAINTAIN INFORMATION ON SOCIAL AND HUMAN SERVICES.BENETECH LABS: BENETECH LABS IS OUR INNOVATION AND NEW PRODUCT DEVELOPMENT CENTER, WHERE WE EXPLORE AREAS OF NEED AND DEVELOP SOLUTIONS BY ENGAGING WITH COMMUNITIES, OTHER TECHNOLOGISTS, AND NONPROFITS. WE FOCUS ON FINDING AND DEVELOPING EFFECTIVE PLATFORMS THAT BENETECH AND THE COMMUNITIES WE SERVE CAN TAKE TO SCALE AND ACHIEVE LASTING SOCIAL IMPACT.


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Board, Officers & Key Employees

Name (title)Compensation
Bradley Turner
Gm & VP
$255,799
James R Fruchterman
CEO - Tech Matters
$243,640
Jane Poole
VP Hr
$241,174
David Murphy
Engineering Director
$217,214
Joel Riciputi
VP Marketing & Comms.
$216,014
Charles Lapierre
Technical Lead
$213,214

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Ravix Group Inc
Finance & Hr Services
$216,810
Amazon Web Services
Cloud Hosting
$437,068
Angstrom Llc
Engineering Services
$152,579
Toptal Llc
Engr, Tech & Labs Srvcs
$151,774
Thinkersys Llc
Engineering Services
$143,538
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $10,742,463
All other contributions, gifts, grants, and similar amounts not included above$4,262,860
Noncash contributions included in lines 1a–1f $1,578,334
Total Revenue from Contributions, Gifts, Grants & Similar$15,005,323
Total Program Service Revenue$1,047,341
Investment income $487
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $16,053,151

Grants Awarded

Over the last fiscal year, Beneficent Technology Inc has awarded $174,681 in support to 2 organizations.

Grant RecipientAmount

OLIVERCOADY INC

PURPOSE: dev. secure documentation toolkit

$104,767

INTERNEWS NETWORK

Org PageRecipient Profile

Arcata, CA

PURPOSE: dev. secure documentation toolkit

$69,914
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 14 grants that Beneficent Technology Inc has recieved totaling $2,477,953.

Awarding OrganizationAmount
Schwab Charitable Fund

San Francisco, CA

PURPOSE: HUMAN SERVICES

$800,000
The Jenesis Group

Irving, TX

PURPOSE: GENERAL OPERATING EXPENSE

$350,000
The Jenesis Group

Irving, TX

PURPOSE: GENERAL OPERATING EXPENSE

$350,000
Silicon Valley Community Foundation

Mountain View, CA

PURPOSE: Arts & Culture

$236,500
Tides Foundation

San Francisco, CA

PURPOSE: HEALTHY INDIVIDUALS AND COMMUNITIES

$225,000
Rainforest Alliance Inc

New York, NY

PURPOSE: LANDSCAPE

$109,999
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$450,000
Ending Balance$450,000

Peer Organizations

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