2022-10-29T17:08:35-05:00 2021-12-31 941250261 LINDQUIST VON HUSEN & JOYCE LLP 301 HOWARD STREET SUITE 850 SAN FRANCISCO CA 94105 990 2021-01-01 770555413 BENEFICENT TECHNOLOGY INC BENE 6506443400 480 CALIFORNIA AVE 201 PALO ALTO CA 94306 AYAN KISHORE CEO 6506443400 2022-10-17 1 AYAN KISHORE 999009999 SHERMAN LEONG P00513747 4159579999 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z BENETECH AYAN KISHORE 480 CALIFORNIA AVE 201 PALO ALTO CA 94306 16053151 0 X WWW.BENETECH.ORG X 2000 CA BENETECH IS A NONPROFIT THAT EMPOWERS COMMUNITIES WITH SOFTWARE FOR SOCIAL GOOD. 9 6 106 65 0 0 14574654 15005323 922817 1047341 7075 487 0 0 15504546 16053151 0 70000 0 0 8900685 9094728 0 0 81819 6422323 5478485 15323008 14643213 181538 1409938 7372573 6239324 4146439 1856584 3226134 4382740 X BENETECH IS REDUCING SOCIAL AND ECONOMIC INEQUITY IN PARTNERSHIP WITH THE COMMUNITIES THAT WE SERVE THROUGH SOFTWARE FOR SOCIAL GOOD. OUR INITIATIVES ARE TRANSFORMING HOW STUDENTS, JOBSEEKERS, AND OLDER ADULTS ACROSS THE GLOBE READ, LEARN, AND WORK. WE BELIEVE THAT ACCESS TO INFORMATION IS A HUMAN RIGHT, AND ARE REDUCING BARRIERS TO EDUCATION, LITERACY, AND EMPLOYMENT DUE TO DIFFERENCES OR DISABILITY. 1 1 9407380 958649 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. 385960 0 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. 1642882 70000 35000 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. 394890 53692 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. 394890 53692 11831112 1 1 0 1 0 0 0 0 0 1 1 0 0 0 1 1 0 1 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 30 0 1 106 1 0 0 0 0 0 0 0 0 0 0 0 0 X 9 6 0 1 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 0 0 CA X X X THE ORGANIZATION 6506443400 480 CALIFORNIA AVE 201 PALO ALTO CA 94306 CHRISTY REMEY CHIN BOARD CHAIR, INTERIM CEO 1.00 X X 79825 0 0 SAMUEL BRIGHT DIRECTOR 1.00 X 0 0 0 GERARDO CAPIEL DIRECTOR 1.00 X 0 0 0 KATIE DILL DIRECTOR 1.00 X 0 0 0 THERESA FAY-BUSTILLOS DIRECTOR 1.00 X 0 0 0 KEVIN LO DIRECTOR 1.00 X 0 0 0 JENNIFER MCFARLANE DIRECTOR 1.00 X 0 0 0 JAMES R FRUCHTERMAN CEO - TECH MATTERS 40.00 X X 243640 0 37970 ELIZABETH BEAUMON CEO 40.00 X X 118382 0 4586 AYAN KISHORE CEO 40.00 X X 25833 0 35 TIE KIM CFO 40.00 X 138690 0 3192 BRADLEY TURNER GM & VP 40.00 X 255799 0 5245 AARON FIRESTONE VP BUSINESS DEVEL. 40.00 X 180797 0 27620 JOEL RICIPUTI VP MARKETING & COMMS. 40.00 X 216014 0 4445 JANE POOLE VP HR 40.00 X 241174 0 4222 DAVID MURPHY ENGINEERING DIRECTOR 40.00 X 217214 0 46173 FRED SLONE DIRECTOR OF OPS 40.00 X 187878 0 3164 CHARLES LAPIERRE TECHNICAL LEAD 40.00 X 213214 0 29903 JOHN BRUGGE ENGINEER MANAGER 40.00 X 182613 0 47979 RONALD K ELLIS III SENIOR ENGINEER 40.00 X 179093 0 10942 2480166 0 225476 37 0 1 0 AMAZON WEB SERVICES PO BOX 84023 SEATTLE WA 98108 CLOUD HOSTING 437068 RAVIX GROUP INC 226 AIRPORT PARKWAY 400 SAN JOSE CA 95110 FINANCE & HR SERVICES 216810 ANGSTROM LLC 639 WOODLAND TERRACE SAN JOSE CA 95112 ENGINEERING SERVICES 152579 TOPTAL LLC 2810 N CHURCH STREET 36879 WILMINGTON DE 19802 ENGR, TECH & LABS SRVCS 151774 THINKERSYS LLC 1910 THOMES AVENUE CHEYENNE WY 82001 ENGINEERING SERVICES 143538 10 10742463 4262860 1578334 15005323 GLOBAL LITERACY 900099 958649 958649 BENETECH LABS 900099 53692 53692 TECH MATTERS 900099 35000 35000 1047341 487 487 16053151 1047341 0 487 70000 70000 1587469 915046 672423 5181100 4377332 760326 43442 116977 98830 17166 981 2209182 1866461 324197 18524 116314 110113 6201 27420 24950 2470 106042 105057 985 22945 18085 4672 188 21357 21357 FACILITY & OTHER OFFICE 2284535 1802183 463668 18684 OUTSIDE SERVICES 1895550 1440220 455330 BOOK COLLECTION & DEVEL 474594 474594 COMMUNICATIONS 467249 462317 4932 62479 65924 -3445 14643213 11831112 2730282 81819 3182819 1468267 850509 850936 2727094 3001351 231701 656573 1438 115020 412944 368004 67885 44940 43642 311127 58595 7372573 6239324 1874916 1108597 243189 297987 2028334 450000 4146439 1856584 X -109656 634676 3335790 3748064 3226134 4382740 7372573 6239324 X 1409938 -253332 X X 0 1 X 1 1 1 X 1255343 3112638 12757890 14574654 15005323 46705848 1255343 3112638 12757890 14574654 15005323 46705848 782224 45923624 28803 14759 18147 7075 487 69271 46775119 24741075 0.98180 0.97530 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 120570 120570 14522643 14643213 882161 220540 0 0 786400 888582 916150 882161 3473293 5209940 167198 171342 129711 120570 588821 196600 222146 229038 220540 868324 1302486 450000 450000 450000 450000 448687 4780 3466 450000 448513 7374 7200 448687 350469 100000 3226 5182 448513 0.00000 0.00000 1.00000 0 0 103202 84826 18376 309742 283178 26564 44940 TERM ENDOWMENT 450000 450000 X 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 2017 THROUGH 2020 ARE SUBJECT TO EXAMINATION BY REGULATORY AGENCIES, GENERALLY FOR THREE YEARS AND FOUR YEARS AFTER THEY ARE FILED FOR FEDERAL AND STATE RESPECTIVELY. 1 SOUTH ASIA 0 16 PROGRAM SERVICES PROOFREADING, QA 417197 MIDDLE EAST AND NORTH AFIRCA 0 4 PROGRAM SERVICES HUMAN RIGHTS 148249 EUROPE 0 6 PROGRAM SERVICES ENGINEERING SERVICES 107916 SOUTH AMERICA 0 3 PROGRAM SERVICES ENGINEERING SERVICES 134988 SUB-SAHARAN AFRICA 0 4 PROGRAM SERVICES LITERACY FOR THE DISABLED 106967 EAST ASIA & THE PACIFIC 0 2 PROGRAM SERVICES COUNTRY MANAGEMENT 11850 0 35 0 0 0 35 927167 0 927167 SUB-SAHARAN AFRICA SUPPORT MISSION. DEVELOPMENT OF CHILD HELPLINE PLATFORM 32500 WIRED FUNDS 0 SUB-SAHARAN AFRICA SUPPORT MISSION. DEVELOPMENT OF CHILD HELPLINE PLATFORM 37500 WIRED FUNDS 0 2 0 0 0 0 0 0 PART III ACCOUNTING METHOD: X X 1 0 0 0 0 0 0 1 0 JAMES R FRUCHTERMAN CEO - TECH MATTERS 243640 0 0 0 0 0 4792 0 33178 0 281610 0 0 0 DAVID MURPHY ENGINEERING DIRECTOR 200064 0 17150 0 0 0 1656 0 44517 0 263387 0 0 0 BRADLEY TURNER GM & VP 236299 0 19500 0 0 0 4541 0 704 0 261044 0 0 0 JANE POOLE VP HR 223724 0 17450 0 0 0 3641 0 581 0 245396 0 0 0 CHARLES LAPIERRE TECHNICAL LEAD 198164 0 15050 0 0 0 3427 0 26476 0 243117 0 0 0 JOHN BRUGGE ENGINEER MANAGER 168113 0 14500 0 0 0 3365 0 44614 0 230592 0 0 0 JOEL RICIPUTI VP MARKETING & COMMS. 199514 0 16500 0 0 0 3842 0 603 0 220459 0 0 0 AARON FIRESTONE VP BUSINESS DEVEL. 168597 0 12200 0 0 0 2628 0 24992 0 208417 0 0 0 FRED SLONE DIRECTOR OF OPS 171528 0 16350 0 0 0 2717 0 447 0 191042 0 0 0 RONALD K ELLIS III SENIOR ENGINEER 165443 0 13650 0 0 0 3189 0 7753 0 190035 0 0 0 PART I, LINE 4A ELIZABETH BEAUMON RECEIVED SEVERANCE PAYMENT OF $15,000. PART I, LINE 7 EMPLOYEES RECEIVE ANNUAL BONUSES BASED ON BOARD-APPROVED INCENTIVE COMPENSATION PLAN AND BY MEETING BONUS OBJECTIVES SET EACH YEAR. FINAL AMOUNTS PAID ARE SUBJECT TO BOARD APPROVAL BY INDEPENDENT DIRECTORS. X PPP LOAN FORGIVENESS 1 1578334 BOOK VALUE 0 0 0 0 FORM 990, PART III, LINE 2 TECH MATTERS, A FISCALLY SPONSORED ORGANIZATION BY BENETECH, IS AN ORGANIZATION THAT ADVANCES SOCIAL CHANGE BY LISTENING TO AND SUPPORTING THE SOCIAL SECTOR. FORM 990, PART III, LINE 3 WE ARE TRANSITIONING OR HAVE ALREADY TRANSITIONED PRIOR SOFTWARE WORK IN HUMAN RIGHTS AND POVERTY ALLEVIATION, INCLUDING BENETECH LABS PROJECTS, TO PARTNERS IN THOSE COMMUNITIES. FORM 990, PART VI, SECTION A, LINE 3 MARY FULLER SERVED AS PART-TIME GENERAL COUNSEL AND SECRETARY TO THE BOARD AND WAS A CONTRACTOR (FULLER TECH LAW GROUP, PC). KATHIE LEE HAS SERVED AS A CFO AND IS A CONSULTANT AT RAVIX GROUP. KATHY STAFFORD HAS SERVED AS INTERIM HEAD OF HUMAN RESOURCES AND IS THE PRINCIPAL OF GOODWORKS. 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 CFO 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 CFO 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 CFO. 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 15A 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 XI, LINE 9: ADJUSTMENT TO NET ASSETS RESULTING FROM DISSOLUTION OF SUBSIDIARY -253,332. FORM 990, PART XII, LINE 2C: THE PROCESS OF OVERSEEING THE AUDIT AND SELECTING AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR. BENGINEERING INC 480 CALIFORNIA AVE STE 201 PALO ALTO CA 94306 770556653 ENGINEERING SERVICES CA BENEFICENT TECHNOLOGY INC C 1.00000 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0