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.
Form
990
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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Bradley Turner Gm & VP | Officer | 40 | $255,799 |
James R Fruchterman CEO - Tech Matters | OfficerTrustee | 40 | $243,640 |
Jane Poole VP Hr | Officer | 40 | $241,174 |
David Murphy Engineering Director | 40 | $217,214 | |
Joel Riciputi VP Marketing & Comms. | Officer | 40 | $216,014 |
Charles Lapierre Technical Lead | 40 | $213,214 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Ravix Group Inc Finance & Hr Services | 12/30/21 | $216,810 |
Amazon Web Services Cloud Hosting | 12/30/21 | $437,068 |
Angstrom Llc Engineering Services | 12/30/21 | $152,579 |
Toptal Llc Engr, Tech & Labs Srvcs | 12/30/21 | $151,774 |
Thinkersys Llc Engineering Services | 12/30/21 | $143,538 |
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 |
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 | $70,000 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $1,587,469 |
Compensation of current officers, directors, key employees. | $672,423 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $5,181,100 |
Pension plan accruals and contributions | $116,977 |
Other employee benefits | $2,209,182 |
Payroll taxes | $0 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $0 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $116,314 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $27,420 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $106,042 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $22,945 |
Insurance | $21,357 |
All other expenses | $62,479 |
Total functional expenses | $14,643,213 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $1,468,267 |
Savings and temporary cash investments | $850,936 |
Pledges and grants receivable | $3,001,351 |
Accounts receivable, net | $656,573 |
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 | $115,020 |
Net Land, buildings, and equipment | $44,940 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $43,642 |
Other assets | $58,595 |
Total assets | $6,239,324 |
Accounts payable and accrued expenses | $1,108,597 |
Grants payable | $0 |
Deferred revenue | $297,987 |
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 | $450,000 |
Total liabilities | $1,856,584 |
Net assets without donor restrictions | $634,676 |
Net assets with donor restrictions | $3,748,064 |
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 | $6,239,324 |
Over the last fiscal year, Beneficent Technology Inc has awarded $174,681 in support to 2 organizations.
Grant Recipient | Amount |
---|---|
OLIVERCOADY INC PURPOSE: dev. secure documentation toolkit | $104,767 |
Arcata, CA PURPOSE: dev. secure documentation toolkit | $69,914 |
Over the last fiscal year, we have identified 14 grants that Beneficent Technology Inc has recieved totaling $2,477,953.
Awarding Organization | Amount |
---|---|
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 |
Beg. Balance | $450,000 |
Ending Balance | $450,000 |
Organization Name | Assets | Revenue |
---|---|---|
Partnerships In Community Living Inc Monmouth, OR | $10,583,131 | $36,313,946 |
Angel View Inc Cathedral City, CA | $36,939,934 | $41,112,797 |
Marc Community Resources Inc Mesa, AZ | $35,242,671 | $36,227,990 |
The Arc Of San Diego San Diego, CA | $35,754,520 | $33,637,194 |
Lifehouse Inc San Rafael, CA | $13,697,888 | $29,277,742 |
Exceptional Childrens Foundation A Corp Culver City, CA | $44,314,733 | $28,260,751 |
Adjoin San Diego, CA | $11,260,161 | $26,583,145 |
Beacon Group Inc Tucson, AZ | $22,203,870 | $24,274,015 |
Jay Nolan Community Services Inc Mission Hills, CA | $15,316,390 | $23,048,805 |
Contra Costa Arc Martinez, CA | $14,109,565 | $17,462,782 |
Southern California Health & Rehabilitation Program Lynwood, CA | $10,751,037 | $16,686,020 |
Beneficent Technology Inc Palo Alto, CA | $6,239,324 | $16,053,151 |