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Nonprofiteer
← BENEFICENT TECHNOLOGY INC

Form 990 for tax year 2024

Filed by BENEFICENT TECHNOLOGY INC.

Totals

Total revenue
$12,656,190
Total expenses
$11,373,775
Contributions and grants received
$11,473,769
Grants paid
$0
Program service revenue
$1,166,573
Investment income
$15,848
Other revenue
$0
Total assets, end of year
$3,414,402
Total liabilities, end of year
$1,052,363
Net assets or fund balances, end of year
$2,362,039
Program services expenses (Part IX)
$8,885,115
Management and general expenses
$1,982,321
Fundraising expenses
$506,339
Program service expenses (Part III)
$8,885,115

Program services were 78.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $8,750,223

  • 1f · All other contributions, gifts and grants

    $2,723,546

  • 2a · Program service revenue: GLOBAL LITERACY

    total $1,166,573 · related or exempt $1,166,573

  • 3 · Investment income

    total $15,848 · excluded $15,848

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $1,429,175 · program services $1,090,824 · management and general $255,281 · fundraising $83,070

  • 7 · Other salaries and wages

    total $5,032,162 · program services $3,840,818 · management and general $898,851 · fundraising $292,493

  • 8 · Pension plan contributions

    total $91,312 · program services $69,695 · management and general $16,310 · fundraising $5,307

  • 9 · Other employee benefits

    total $1,179,374 · program services $900,162 · management and general $210,661 · fundraising $68,551

  • 13 · Office expenses

    total $229,853 · program services $167,738 · management and general $52,253 · fundraising $9,862

  • 17 · Travel

    total $155,306 · program services $91,049 · management and general $57,884 · fundraising $6,373

  • 19 · Conferences, conventions and meetings

    total $230,822 · program services $182,861 · management and general $45,374 · fundraising $2,587

  • 22 · Depreciation, depletion and amortization

    total $16,091 · program services $2,315 · management and general $13,586 · fundraising $190

  • 23 · Insurance

    total $31,960 · program services $23,851 · management and general $6,120 · fundraising $1,989

  • 24a · Other expenses: OUTSIDE SERVICES

    total $1,628,407 · program services $1,214,590 · management and general $388,710 · fundraising $25,107

  • 24b · Other expenses: COMMUNICATIONS

    total $656,877 · program services $634,704 · management and general $16,752 · fundraising $5,421

  • 24c · Other expenses: BOOK COLLECTION & DEVEL

    total $558,078 · program services $558,078

  • 24d · Other expenses: BANK CHARGES

    total $72,520 · program services $56,182 · management and general $12,377 · fundraising $3,961

  • 24e · All other expenses

    total $61,838 · program services $52,248 · management and general $8,162 · fundraising $1,428

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $635,382 · end of year $1,968,749

  • 2 · Savings and temporary cash investments

    beginning of year $902,610 · end of year $8,690

  • 3 · Pledges and grants receivable

    beginning of year $748,330 · end of year $1,108,106

  • 4 · Accounts receivable

    beginning of year $92,281 · end of year $195,152

  • 9 · Prepaid expenses and deferred charges

    beginning of year $150,514 · end of year $118,846

  • 14 · Intangible assets

    beginning of year $16,091 · end of year $0

  • 15 · Other assets

    beginning of year $2,189 · end of year $14,859

  • 17 · Accounts payable and accrued expenses

    beginning of year $734,146 · end of year $685,482

  • 19 · Deferred revenue

    beginning of year $283,627 · end of year $366,881

  • 25 · Other liabilities

    beginning of year $450,000 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $320,202 · end of year $739,278

  • 28 · Net assets with donor restrictions

    beginning of year $759,422 · end of year $1,622,761

Mission and programs · 2024

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.

Activities or mission (Part I)

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

  • 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

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Gerardo Capiel

    BOARD CHAIR - THRU 6/2024

    Total calculated
    $0
    Hours/week
    1
  • Rayanne Darensbourg

    DIRECTOR - THRU 8/2024

    Total calculated
    $0
    Hours/week
    1
  • Tim Elder

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Theresa Fay-Bustillos

    BOARD SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • Kevin Lo

    DIRECTOR - THRU 5/2024

    Total calculated
    $0
    Hours/week
    1
  • Rick Johnson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Pallavi Gondipalli

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Barbara Pape

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Kris Esperitu

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Larry Wexler

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Richard Mueller

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Amanda Keton

    DIRECTOR - THRU 6/2024

    Total calculated
    $0
    Hours/week
    1
  • Yoko Nakao

    DIRECTOR - THRU 12/2024

    Total calculated
    $0
    Hours/week
    1
  • Katherine Schneider

    DIRECTOR - THRU 12/2024

    Total calculated
    $0
    Hours/week
    1
  • June Klein

    BOARD TREASURER

    Total calculated
    $0
    Hours/week
    1
  • James Fruchterman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Ted Borromeo

    DIRECTOR - START 12/2024

    Total calculated
    $0
    Hours/week
    1
  • Jack Chen

    DIRECTOR - START 12/2024

    Total calculated
    $0
    Hours/week
    1
  • Ayan Kishore

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $345,303
    From this org
    $318,907
    From related orgs
    $0
    Other
    $26,396
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $318,907
    Bonus
    $0
    Other
    $0
    Deferred
    $6,423
    Nontaxable benefits
    $19,973
    Filer's total
    $345,303
  • Matthew Yip

    VP PRODUCT & ENGINEERING

    Total calculated
    $238,953
    From this org
    $219,490
    From related orgs
    $0
    Other
    $19,463
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $209,490
    Bonus
    $10,000
    Other
    $0
    Deferred
    $4,425
    Nontaxable benefits
    $15,038
    Filer's total
    $238,953
  • Michael Johnson

    VP CONTENT

    Total calculated
    $227,266
    From this org
    $181,741
    From related orgs
    $0
    Other
    $45,525
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $181,741
    Bonus
    $0
    Other
    $0
    Deferred
    $3,722
    Nontaxable benefits
    $41,803
    Filer's total
    $227,266
  • Lisa Wadors Verne

    VP PROGRAMS

    Total calculated
    $189,786
    From this org
    $186,064
    From related orgs
    $0
    Other
    $3,722
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $186,064
    Bonus
    $0
    Other
    $0
    Deferred
    $3,722
    Nontaxable benefits
    $0
    Filer's total
    $189,786
  • Tia Jeffress

    VP FINANCE & ADMINISTRATION

    Total calculated
    $218,160
    From this org
    $195,021
    From related orgs
    $0
    Other
    $23,139
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $195,021
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $23,139
    Filer's total
    $218,160
  • Candace Brady

    VP ADVANCEMENT

    Total calculated
    $209,707
    From this org
    $190,932
    From related orgs
    $0
    Other
    $18,775
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $190,932
    Bonus
    $0
    Other
    $0
    Deferred
    $3,738
    Nontaxable benefits
    $15,037
    Filer's total
    $209,707
  • Charles Mark Lapierre

    PRIN. ACCESS & CONTENT QLT ARCHITECT

    Total calculated
    $223,372
    From this org
    $183,475
    From related orgs
    $0
    Other
    $39,897
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $183,475
    Bonus
    $0
    Other
    $0
    Deferred
    $3,860
    Nontaxable benefits
    $36,037
    Filer's total
    $223,372
  • John Brugge

    ENGINEERING MANAGER

    Total calculated
    $230,048
    From this org
    $172,973
    From related orgs
    $0
    Other
    $57,075
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $172,973
    Bonus
    $0
    Other
    $0
    Deferred
    $3,631
    Nontaxable benefits
    $53,444
    Filer's total
    $230,048
  • Jacob A Brownell

    PRINCIPAL ENGINEER

    Total calculated
    $186,485
    From this org
    $175,588
    From related orgs
    $0
    Other
    $10,897
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $175,588
    Bonus
    $0
    Other
    $0
    Deferred
    $3,569
    Nontaxable benefits
    $7,328
    Filer's total
    $186,485
  • Ronald K Ellis III

    SENIOR ENGINEER

    Total calculated
    $180,223
    From this org
    $169,455
    From related orgs
    $0
    Other
    $10,768
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $169,455
    Bonus
    $0
    Other
    $0
    Deferred
    $3,440
    Nontaxable benefits
    $7,328
    Filer's total
    $180,223
  • Jenny Hu

    DIRECTOR OF IT

    Total calculated
    $177,382
    From this org
    $156,905
    From related orgs
    $0
    Other
    $20,477
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $156,905
    Bonus
    $0
    Other
    $0
    Deferred
    $3,174
    Nontaxable benefits
    $17,303
    Filer's total
    $177,382

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
13 November 2025
IRS schema version
2024v5.2
Source object
202533189349311918

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