2024-11-15T00:23:08-06:00 2023-12-31 941250261 LINDQUIST VON HUSEN & JOYCE LLP 301 HOWARD STREET SUITE 850 SAN FRANCISCO CA 94105 990 2023-01-01 770555413 BENEFICENT TECHNOLOGY INC BENE 6506443400 3790 EL CAMINO REAL 1072 PALO ALTO CA 94306 TIA JEFFRESS VP, FINANCE & ADMINISTRATION 6506443400 2024-11-13 1 0 SHERMAN LEONG P00513747 4159579999 2023 2024-10-15 13:58:12Z BENETECH AYAN KISHORE 3790 EL CAMINO REAL 1072 PALO ALTO CA 94306 10927375 0 X WWW.BENETECH.ORG X 2000 CA BENETECH IS A NONPROFIT THAT EMPOWERS COMMUNITIES WITH SOFTWARE FOR SOCIAL GOOD. 9 9 80 35 0 0 14900969 9778173 1195963 1089769 10716 59433 0 0 16107648 10927375 145000 2368043 0 0 10407126 8082442 0 0 264844 5747890 3587638 16300016 14038123 -192368 -3110748 6571567 2547397 2381195 1467773 4190372 1079624 X BENETECH IS DRAMATICALLY IMPROVING EDUCATION EQUITY IN PARTNERSHIP WITH THE COMMUNITIES THAT IT SERVES THROUGH ITS TECHNOLOGY, PROGRAMS AND SERVICES, CATERING TO THE HISTORICALLY UNDERSERVED POPULATION OF 1 IN 5 STUDENTS WHO LEARN DIFFERENTLY. BENETECH BELIEVES THAT EQUITABLE 0 1 9192527 1089769 ACCESSIBLE EDUCATION CONTENT AND TECHNOLOGY:BENETECH HAS BEEN DELIVERING INCLUSIVE LEARNING SOLUTIONS FOR OVER 20 YEARS AS THE DEVELOPER OF BOOKSHARE, THE WORLD'S LARGEST SERVICE FOR ACCESSIBLE EDUCATION MATERIALS. BENETECH IS TRANSFORMING HOW EDUCATIONAL CONTENT IS MADE ACCESSIBLE THROUGH INITIATIVES LIKE BOOKSHARE AND ITS GLOBAL CERTIFIED ACCESSIBLE (GCA) PROGRAM. THROUGH THE BOOKSHARE PLATFORM, BENETECH PROVIDES THE WORLD'S LARGEST ONLINE SERVICE FOR ACCESSIBLE E-BOOKS DELIVERING MORE THAN 20 MILLION E-BOOKS AND MATERIALS THAT HAVE SERVED OVER 1.5 MILLION LEARNERS. BENETECH BOOKSHARE MEMBERS READ BOOKS IN FORMATS THAT WORK BEST FOR THEM, WHETHER IT BE AUDIO, TYPOGRAPHY MANIPULATION, WORD HIGHLIGHTS SYNCED WITH AUDIO AND SO ON THROUGH THE BROWSER, MOBILE APPLICATION OR OTHER ASSISTIVE TECHNOLOGY (AT) OF CHOICE. BENETECH'S GOAL FOR ALL LEARNERS IS TO IMPROVE LITERACY AND FOSTER A LOVE FOR LIFE-LONG LEARNING. BENETECH CONTINUES TO SCALE AND INNOVATE, INCLUDING TAKING ON THE NEXT FRONTIER OF LEARNING CONTENT BY MAKING STEM ACCESSIBLE AND EQUITABLE FOR ALL LEARNERS. THE BORN ACCESSIBLE, GCA INITIATIVE CONTINUES TO DRIVE SYSTEM CHANGE IN THE PUBLISHING INDUSTRY, PARTNERING WITH PUBLISHERS TO MAKE BOOKS ACCESSIBLE WHEN THEY ARE CREATED.INCLUSIVE EDUCATION CAPACITY BUILDING AND COMMUNITY ENGAGEMENT:BENETECH IS DEEPENING ITS IMPACT ON EQUITY IN EDUCATION BY WORKING CLOSELY WITH COMMUNITY-BASED ORGANIZATIONS, SCHOOLS, DISTRICTS AND MORE, TO IDENTIFY AND PROVIDE STUDENTS AND THOSE SERVING THEM, SUCH AS AFTER SCHOOL PROGRAMS, THE SUPPORT THEY NEED. DOMESTICALLY, BENETECH IS EXPANDING ITS LOCAL OUTREACH PROGRAMS ACROSS URBAN AND RURAL COMMUNITIES IN NEED - SUCH AS ATLANTA, ALBUQUERQUE, DETROIT, LAS VEGAS AND MEMPHIS - AND ARE BUILDING A MODEL FOR PLACE-BASED CHANGE TO CLOSE LEARNING GAPS.BENETECH SERVES LEARNERS IN OVER 90 COUNTRIES DIRECTLY OR THROUGH PARTNERS AND PROVIDE CAPACITY BUILDING SERVICES FOR INCLUSIVE EDUCATION AND EDUCATION FOR STUDENTS WITH DISABILITIES, PARTICULARLY IN LOW AND MIDDLE INCOME COUNTRIES. BENETECH SUPPORTS SCHOOLS FOR DIGITAL TRANSFORMATION TO EMBRACE INCLUSIVE EDUCATION THROUGH DIGITAL LITERACY AND DIGITAL PEDAGOGY. BENETECH PROVIDES TRAINING AND TECHNICAL ASSISTANCE TO EDUCATORS TO EFFECTIVELY USE ACCESSIBLE CONTENT AND TECHNOLOGY. 12162 HUMAN RIGHTS: BENETECH'S PRIOR, ADDITIONAL WORK SPECIFIC TO HUMAN RIGHTS HAS TRANSITIONED TO PARTNERS IN THOSE COMMUNITIES. 2368043 2368043 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 AN OPEN-SOURCE CONTACT CENTER PLATFORM DESIGNED SPECIFICALLY FOR THE NEEDS OF CRISIS RESPONSE HELPLINES WHICH DO COUNSELING, REFERRAL AND CASE MANAGEMENT. TERRASO IS AN OPEN SOURCE, 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.ON JANUARY 24, 2023, TECH MATTERS OBTAINED ITS TAX-EXEMPT STATUS UNDER IRS 501(C), AS SUCH, BENETECH ENDED ITS FISCAL SPONSORSHIP AGREEMENT WITH TECH MATTERS.BENETECH IS VULNERABLE TO THE INHERENT RISKS ASSOCIATED WITH REVENUE THAT IS SUBSTANTIALLY DEPENDENT ON GOVERNMENT FUNDING, PUBLIC SUPPORT, AND CONTRIBUTIONS. THE CONTINUED GROWTH AND WELL-BEING OF BENETECH IS CONTINGENT UPON SUCCESSFUL ACHIEVEMENT OF ITS LONG-TERM REVENUE-RAISING GOALS. 11572732 1 1 0 1 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 0 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 21 0 1 80 1 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 1 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X X X THE ORGANIZATION 6506443400 3790 EL CAMINO REAL 1072 PALO ALTO CA 94306 GERARDO CAPIEL DIRECTOR 1.00 X 0 0 0 RAYANNE DARENSBOURG DIRECTOR 1.00 X 0 0 0 TIM ELDER DIRECTOR 1.00 X 0 0 0 THERESA FAY-BUSTILLOS DIRECTOR 1.00 X 0 0 0 KEVIN LO BOARD CHAIR 1.00 X X 0 0 0 YOKO NAKAO DIRECTOR 1.00 X 0 0 0 HEMA SUNDARRAJ DIRECTOR 1.00 X 0 0 0 KATHERINE SCHNEIDER DIRECTOR 1.00 X 0 0 0 TAMARA RORIE DIRECTOR 1.00 X 0 0 0 JUNE KLEIN DIRECTOR 1.00 X 0 0 0 JAMES FRUCHTERMAN DIRECTOR 1.00 X 0 0 0 AYAN KISHORE CHIEF EXECUTIVE OFFICER 40.00 X 302254 0 32830 MICHAEL JOHNSON VP CONTENT 40.00 X 178255 0 39759 LISA WADORS VERNE VP PROGRAMS 40.00 X 178011 0 41707 AARON FIRESTONE VP DATA INSIGHTS 40.00 X 168214 0 31383 MATTHEW YIP VP PRODUCT & ENGINEERING 40.00 X 157125 0 14020 CHARLES MARK LAPIERRE ARCHITECT 40.00 X 179990 0 37125 JOHN BRUGGE ENGINEERING MANAGER 40.00 X 170389 0 55276 JACOB A BROWNELL PRINCIPAL ENGINEER 40.00 X 172061 0 12717 RONALD K ELLIS III SENIOR ENGINEER 40.00 X 165770 0 13156 KATHRYN BEEHLER SENIOR PRODUCT MANAGER 40.00 X 155177 0 10898 1827246 0 288871 31 0 1 0 AMAZON WEB SERVICES PO BOX 84023 SEATTLE WA 98124 CLOUD HOSTING 519829 SIGMA ASSOCIATES INC 324 HERITAGE TRAIL CIRCLE PINES MN 55014 EVALUATION SERVICES 212503 RAVIX GROUP INC 1871 THE ALAMEDA STE 331 SAN JOSE CA 95126 FINANCE & HR SERVICES 196831 DAPROIM AFRICA LTD 5091-00506 NAIROBI KE BOOK SCANNING 139689 LUCY RECKSEIT 3944 ONEILL DRIVE SAN MATEO CA 94403 LEGAL SERVICES 114058 6 8723783 1054390 9778173 GLOBAL LITERACY 900099 1089769 1089769 1089769 59433 59433 10927375 1089769 0 59433 2368043 2368043 1143556 888652 222505 32399 5605835 4356266 1090745 158824 112748 87616 21938 3194 1220303 948291 237438 34574 249715 196726 49772 3217 116278 88286 26906 1086 159290 138692 19916 682 15910 2245 13578 87 22543 17774 4235 534 OUTSIDE SERVICES 1577875 1098197 456259 23419 COMMUNICATIONS 622677 603929 16026 2722 BOOK COLLECTION & DEVEL 566547 566547 FACILITY & OTHER OFFICE 124867 99226 23896 1745 131936 112242 17333 2361 14038123 11572732 2200547 264844 2495839 635382 861652 902610 2571740 748330 229350 92281 204992 150514 0 0 0 0 32001 16091 175993 2189 6571567 2547397 1118788 734146 563959 283627 698448 450000 2381195 1467773 X 513940 320202 3676432 759422 4190372 1079624 6571567 2547397 -3110748 0 X X 0 1 X 1 1 1 X 12757890 14574654 15005323 14900969 9778173 67017009 12757890 14574654 15005323 14900969 9778173 67017009 740486 66276523 18147 7075 487 10716 59433 95858 67112867 6295265 0.98750 0.98730 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 60263 60263 13977860 14038123 851906 212977 0 0 916150 882161 965001 851906 3615218 5422827 129711 120570 120961 60263 431505 229038 220540 241250 212977 903805 1355708 450000 450000 450000 450000 450000 450000 450000 450000 448687 4780 3466 450000 0.00000 0.00000 1.00000 0 0 0 0 TERM ENDOWMENT 450000 450000 X 11351056 423681 423681 10927375 0 10927375 14461804 423681 423681 14038123 0 14038123 PART V, LINE 4: AN ENDOWMENT FUND OF $350,000 WAS RECEIVED IN MARCH 2014 TO SUPPORT ITS PROGRAMS FOR A TERM OF FIVE YEARS. IN 2017, BENETECH RECEIVED AN ADDITIONAL ENDOWMENT OF $100,000 WITH THE SAME TERM AS THE ORIGINAL ENDOWMENT FUND. ANY INCOME GENERATED FROM THE ENDOWMENT FUND WILL BE USED ONLY FOR PROGRAM EXPENSES. THE PRINCIPAL OF THE ENDOWMENT FUND SHALL NEVER BE USED UNLESS AGREED UPON IN WRITING. THE ENDOWMENT FUND WAS EXTENDED FOR FIVE ADDITIONAL YEARS TO 2024. PART X, LINE 2: BASED ON AN ANALYSIS PREPARED BY THE ORGANIZATION, IT WAS DETERMINED THAT THE TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN HAD NO MATERIAL EFFECT ON THE RECORDED TAX ASSETS AND LIABILITIES OF THE ORGANIZATION. THE ORGANIZATION'S FEDERAL AND STATE INCOME TAX RETURNS FOR THE YEARS 2019 THROUGH 2022 ARE SUBJECT TO EXAMINATION BY REGULATORY AGENCIES, GENERALLY FOR THREE YEARS AND FOUR YEARS AFTER THEY ARE FILED FOR FEDERAL AND STATE RESPECTIVELY. 1 EAST ASIA & THE PACIFIC 0 2 PROGRAM SERVICES COUNTRY MANAGEMENT 19779 EUROPE 0 3 PROGRAM SERVICES ENGINEERING SERVICES 82133 MIDDLE EAST AND NORTH AFRICA 0 4 PROGRAM SERVICES HUMAN RIGHTS 175756 SOUTH ASIA 0 16 PROGRAM SERVICES PROOFREADING, QA 359708 0 25 0 0 0 25 637376 0 637376 0 0 0 0 0 0 1 TECHNOLOGY MATTERS 3790 EL CAMINO REAL STE 625 PALO ALTO CA 94306 882116913 501(C)(3) 2368043 0 TO SUPPORT CHARITABLE PURPOSE. 1 0 PART I, LINE 2: BENETECH'S GRANTS ARE TYPICALLY SUB GRANTS THAT ARE PART OF THE ORIGINAL GRANT PROCESS. THE SUB GRANTEE IS TYPICALLY A REPUTED ORGANIZATION RECOMMENDED BY A FEDERAL AGENCY OR AN AFFILIATE. BENETECH DOCUMENTS ELIGIBILITY AND RECEIVES PRIOR APPROVAL FROM THE FEDERAL AGENCY PROVIDING THE GRANT OR AWARD BEFORE PROVIDING THE SUB GRANT AND ALSO EMPLOYEES SPECIFIC PROGRAM STAFF TO MONITOR THE PROGRESS AND PROPER USAGE OF SUCH FUNDS BY THE SUB GRANTEE/AWARDEE. X X X 0 0 0 0 0 0 0 0 0 AYAN KISHORE CHIEF EXECUTIVE OFFICER 302254 0 0 0 0 0 6200 0 26630 0 335084 0 0 0 JOHN BRUGGE ENGINEERING MANAGER 170389 0 0 0 0 0 3552 0 51724 0 225665 0 0 0 LISA WADORS VERNE VP PROGRAMS 178011 0 0 0 0 0 3288 0 38419 0 219718 0 0 0 MICHAEL JOHNSON VP CONTENT 178255 0 0 0 0 0 3640 0 36119 0 218014 0 0 0 CHARLES MARK LAPIERRE ARCHITECT 179990 0 0 0 0 0 3775 0 33350 0 217115 0 0 0 AARON FIRESTONE VP DATA INSIGHTS 163214 0 5000 0 0 0 3013 0 28370 0 199597 0 0 0 JACOB A BROWNELL PRINCIPAL ENGINEER 172061 0 0 0 0 0 3490 0 9227 0 184778 0 0 0 RONALD K ELLIS III SENIOR ENGINEER 165770 0 0 0 0 0 3365 0 9791 0 178926 0 0 0 MATTHEW YIP VP PRODUCT & ENGINEERING 157125 0 0 0 0 0 2167 0 11853 0 171145 0 0 0 KATHRYN BEEHLER SENIOR PRODUCT MANAGER 155177 0 0 0 0 0 3125 0 7773 0 166075 0 0 0 FORM 990, PART III, LINE 1 ACCESS TO EDUCATION IS A HUMAN RIGHT, REGARDLESS OF DIFFERENCES OR DISABILITY. STUDENTS WITH LEARNING DIFFERENCES AND DISABILITIES AROUND THE WORLD FACE BARRIERS TO EQUITABLE EDUCATION AND MAY NOT RECEIVE ADEQUATE INSTRUCTION, FORCED TO END THEIR EDUCATION EARLY, OR BE LIMITED TO CERTAIN SUBJECTS SINCE ACCESSIBLE MATERIALS ARE NOT AVAILABLE FOR SUBJECTS SUCH AS MATH OR CHEMISTRY. THOSE IN SYSTEMICALLY UNDERSERVED COMMUNITIES FACE ADDITIONAL CHALLENGES DUE TO RACIAL AND SOCIAL INJUSTICE. BENETECH IS WORKING WITH SCHOOLS, GOVERNMENTS, COMMUNITY, AND PUBLIC SECTOR ORGANIZATIONS TO PROVIDE DIGITAL LITERACY AND ACCESS TO LEARNING MATERIALS FOR STUDENTS WITH LEARNING DISABILITIES SUCH AS DYSLEXIA, AND DISABILITIES RANGING FROM VISUAL IMPAIRMENTS TO PHYSICAL LIMITATIONS. FORM 990, PART III, LINE 3 TECH MATTERS FISCAL SPONSORSHIP ENDED IN EARLY 2023; AND HUMAN RIGHTS HAS TRANSITIONED TO PARTNERS IN THOSE COMMUNITIES. FORM 990, PART VI, SECTION A, LINE 3 LUCY RECKSEIT SERVED AS PART-TIME GENERAL COUNSEL TO THE BOARD AND WAS A CONTRACTOR. KATHIE LEE HAS SERVED AS A CFO UNTIL THE VP, FINANCE & ADMINISTRATION WAS HIRED AND IS A CONSULTANT AT RAVIX GROUP. FORM 990, PART VI, SECTION A, LINE 7A THE BYLAWS OF BENEFICENT TECHNOLOGY, INC. STATE "ONE DIRECTOR OF THIS CORPORATION SHALL BE DESIGNATED BY THE DESIGNATOR FROM TIME TO TIME", THEREFORE THE DESIGNATOR HAD THE AUTHORITY TO ELECT ONE MEMBER OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE VP, FINANCE & ADMINISTRATION RECEIVES A COPY OF THE FORM 990 FROM THE PREPARER AND CONDUCTS THE FIRST REVIEW OF THE FORM FOR ACCURACY. A COPY OF THE DRAFT 990 IS THEN PROVIDED TO THE CEO AND ALL BOARD MEMBERS FOR THEIR REVIEW, EDITS AND COMMENTS. THE VP, FINANCE & ADMINISTRATION THEN INCORPORATES ANY COMMENTS AND EDITS RECEIVED, IF NECESSARY. ANY EDITS OR CHANGES ARE APPROPRIATELY COMMUNICATED TO THE PREPARER AND ONCE FINALIZED THE FINAL FORM 990 IS SIGNED OFF BY THE VP, FINANCE & ADMINISTRATION. FORM 990, PART VI, SECTION B, LINE 12C EACH KEY EMPLOYEE, OFFICER, AND DIRECTOR IS EXPECTED TO READ AND SIGN ANNUALLY THE COMPANY'S CONFLICT OF INTEREST POLICY AND CODE OF CONDUCT POLICY WHICH ARE THEN REVIEWED BY THE GOVERNANCE COMMITTEE OF THE BOARD AND THEN FILED WITH ITS MINUTES. IF A CONFLICT EXISTS, THE BOARD OR THE APPROPRIATE COMMITTEE SHALL FOLLOW THE PROCEDURES SET FORTH IN THE CONFLICT OF INTEREST POLICY TO APPROPRIATELY PROTECT BENETECH'S INTERESTS. FORM 990, PART VI, SECTION B, LINE 15 THE GOVERNANCE COMMITTEE OF THE BOARD OF DIRECTORS ANNUALLY REVIEWS COMPARABLE COMPENSATION INFORMATION, AND COMPENSATION OF THE CEO AND CFO, AND RECOMMENDS ANY CHANGES FOR FULL BOARD APPROVAL. FORM 990, PART VI, SECTION C, LINE 19 ANNUAL AUDITED FINANCIALS ARE MADE AVAILABLE TO THE PUBLIC BY POSTING TO BENETECH'S WEBSITE AFTER BOARD APPROVAL. AVAILABLE UPON REQUEST ARE AUDITED FINANCIALS, GOVERNING DOCUMENTS, AND CONFLICT OF INTEREST POLICY. FORM 990, PART XII, LINE 2C: THE PROCESS OF OVERSEEING THE AUDIT AND SELECTING AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR.