Nonprofit · EIN 77-0555413
BENEFICENT TECHNOLOGY INC
Tax-exempt · PALO ALTO, CA 94306
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $12,656,190 | $11,373,775 | $1,282,415 | $3,414,402 | $1,052,363 | $2,362,039 |
| December 31, 2023 | 990 | $10,927,375 | $14,038,123 | -$3,110,748 | $2,547,397 | $1,467,773 | $1,079,624 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $11,473,769
- of which government grants
- $8,750,223
- Program service revenue
- $1,166,573
- Investment income
- $15,848
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $1,429,175
- Other salaries and wages
- $5,032,162
- Salaries, compensation and benefits (total)
- $7,732,023
- Professional fundraising fees
- $0
- Travel
- $155,306
- Depreciation
- $16,091
- Program services (functional)
- $8,885,115
- Management and general (functional)
- $1,982,321
- Fundraising (functional)
- $506,339
Balance sheet and other
- Total assets, start of year
- $2,547,397
- Total assets, end of year
- $3,414,402
- Total liabilities, end of year
- $1,052,363
- Net assets, end of year
- $2,362,039
- Net assets without donor restrictions
- $739,278
- Net assets with donor restrictions
- $1,622,761
- Gross receipts
- $12,656,190
- Employees
- 70
- Volunteers
- 19
- Year formed
- 2000
- State of legal domicile
- CA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| AYAN KISHORE | CHIEF EXECUTIVE OFFICER Officer | 40 | $318,907 | $26,396 |
| MATTHEW YIP | VP PRODUCT & ENGINEERING Key employee | 40 | $219,490 | $19,463 |
| JOHN BRUGGE | ENGINEERING MANAGER Highest-paid employee | 40 | $172,973 | $57,075 |
| MICHAEL JOHNSON | VP CONTENT Key employee | 40 | $181,741 | $45,525 |
| CHARLES MARK LAPIERRE | PRIN. ACCESS & CONTENT QLT ARCHITECT Highest-paid employee | 40 | $183,475 | $39,897 |
| TIA JEFFRESS | VP FINANCE & ADMINISTRATION Key employee | 40 | $195,021 | $23,139 |
| CANDACE BRADY | VP ADVANCEMENT Key employee | 40 | $190,932 | $18,775 |
| LISA WADORS VERNE | VP PROGRAMS Key employee | 40 | $186,064 | $3,722 |
| JACOB A BROWNELL | PRINCIPAL ENGINEER Highest-paid employee | 40 | $175,588 | $10,897 |
| RONALD K ELLIS III | SENIOR ENGINEER Highest-paid employee | 40 | $169,455 | $10,768 |
| JENNY HU | DIRECTOR OF IT Highest-paid employee | 40 | $156,905 | $20,477 |
| GERARDO CAPIEL | BOARD CHAIR - THRU 6/2024 Trustee or director, Officer | 1 | $0 | $0 |
| RAYANNE DARENSBOURG | DIRECTOR - THRU 8/2024 Trustee or director | 1 | $0 | $0 |
| TIM ELDER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| THERESA FAY-BUSTILLOS | BOARD SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
14 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KEVIN LO | DIRECTOR - THRU 5/2024 Trustee or director | 1 | $0 |
| RICK JOHNSON | DIRECTOR Trustee or director | 1 | $0 |
| PALLAVI GONDIPALLI | DIRECTOR Trustee or director | 1 | $0 |
| BARBARA PAPE | DIRECTOR Trustee or director | 1 | $0 |
| KRIS ESPERITU | DIRECTOR Trustee or director | 1 | $0 |
| LARRY WEXLER | DIRECTOR Trustee or director | 1 | $0 |
| RICHARD MUELLER | DIRECTOR Trustee or director | 1 | $0 |
| AMANDA KETON | DIRECTOR - THRU 6/2024 Trustee or director | 1 | $0 |
| YOKO NAKAO | DIRECTOR - THRU 12/2024 Trustee or director | 1 | $0 |
| KATHERINE SCHNEIDER | DIRECTOR - THRU 12/2024 Trustee or director | 1 | $0 |
| JUNE KLEIN | BOARD TREASURER Trustee or director, Officer | 1 | $0 |
| JAMES FRUCHTERMAN | DIRECTOR Trustee or director | 1 | $0 |
| TED BORROMEO | DIRECTOR - START 12/2024 Trustee or director | 1 | $0 |
| JACK CHEN | DIRECTOR - START 12/2024 Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 21 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| AYAN KISHORE | CHIEF EXECUTIVE OFFICER Officer | 40 | $302,254 | $32,830 |
| JOHN BRUGGE | ENGINEERING MANAGER Highest-paid employee | 40 | $170,389 | $55,276 |
| LISA WADORS VERNE | VP PROGRAMS Key employee | 40 | $178,011 | $41,707 |
| MICHAEL JOHNSON | VP CONTENT Key employee | 40 | $178,255 | $39,759 |
| CHARLES MARK LAPIERRE | ARCHITECT Highest-paid employee | 40 | $179,990 | $37,125 |
| AARON FIRESTONE | VP DATA INSIGHTS Key employee | 40 | $168,214 | $31,383 |
| JACOB A BROWNELL | PRINCIPAL ENGINEER Highest-paid employee | 40 | $172,061 | $12,717 |
| RONALD K ELLIS III | SENIOR ENGINEER Highest-paid employee | 40 | $165,770 | $13,156 |
| MATTHEW YIP | VP PRODUCT & ENGINEERING Key employee | 40 | $157,125 | $14,020 |
| KATHRYN BEEHLER | SENIOR PRODUCT MANAGER Highest-paid employee | 40 | $155,177 | $10,898 |
| GERARDO CAPIEL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RAYANNE DARENSBOURG | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TIM ELDER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| THERESA FAY-BUSTILLOS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KEVIN LO | BOARD CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| YOKO NAKAO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| HEMA SUNDARRAJ | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KATHERINE SCHNEIDER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TAMARA RORIE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JUNE KLEIN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JAMES FRUCHTERMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 3790 EL CAMINO REAL SUITE 1072, PALO ALTO, CA 94306-3314
- In care of
- % AYAN KISHORE
- Principal officer (990 for 2024)
- AYAN KISHORE, 3790 EL CAMINO REAL 1072, PALO ALTO, CA 94306
- Signed the 990
- TIA JEFFRESS, VP, FINANCE & ADMINISTRATION
- Phone
- (650) 644-3400
- Website
- WWW.BENETECH.ORG
- Return prepared by
- LINDQUIST VON HUSEN & JOYCE LLP
California records
California keeps its own records of charities and corporations. Search them by EIN 77-0555413 or by the name BENEFICENT TECHNOLOGY INC.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
BENETECH IS IMPROVING EDUCATION ACCESS THROUGH ITS TECHNOLOGY, PROGRAMS AND SERVICES, CATERING TO THE 1 IN 5 STUDENTS WHO HAVE DISABILITIES OR LEARN DIFFERENTLY. BENETECH BELIEVES THAT ACCESS TO EDUCATION IS A HUMAN RIGHT, REGARDLESS OF DIFFERENCES OR DISABILITY. STUDENTS WITH LEARNING DIFFERENCES AND DISABILITIES AROUND THE WORLD FACE BARRIERS TO 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. 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.
Program accomplishments
- 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 APPLICATIONS 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 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 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.Expenses $8,819,257 · revenue $1,166,573
- 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.Expenses $65,858
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 77-0555413
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2001
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P82)
- Assets (IRS master file)
- $3,414,402
- Income (IRS master file)
- $12,656,190
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $12,656,190 | $11,373,775 | $3,414,402 | IRS |
| 990 | December 2023 | $10,927,375 | $14,038,123 | $2,547,397 | XML |
| 990 | December 2022 | $16,107,648 | $16,300,016 | $6,571,567 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 77-0555413).
Questions about BENEFICENT TECHNOLOGY INC
- What is the EIN of BENEFICENT TECHNOLOGY INC?
- The employer identification number (EIN) of BENEFICENT TECHNOLOGY INC is 77-0555413.
- Is BENEFICENT TECHNOLOGY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2001.
- Are donations to BENEFICENT TECHNOLOGY INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BENEFICENT TECHNOLOGY INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of BENEFICENT TECHNOLOGY INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did BENEFICENT TECHNOLOGY INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of BENEFICENT TECHNOLOGY INC?
- The 990 for the year ended December 31, 2024 names AYAN KISHORE.
- Who are the officers and directors of BENEFICENT TECHNOLOGY INC?
- The 990 for the year ended December 31, 2024 lists 29 people; 11 received compensation from the organization, the highest $318,907 (AYAN KISHORE, CHIEF EXECUTIVE OFFICER).
- How much revenue does BENEFICENT TECHNOLOGY INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $12,656,190, expenses of $11,373,775 and total assets of $3,414,402 at year end.
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