2025-11-14T15:06:50-06:00 2024-12-31 941250261 LINDQUIST VON HUSEN & JOYCE LLP 301 HOWARD STREET SUITE 850 SAN FRANCISCO CA 94105 990 2024-01-01 770555413 BENEFICENT TECHNOLOGY INC BENE 6506443400 3790 EL CAMINO REAL 1072 PALO ALTO CA 94306 TIA JEFFRESS VP, FINANCE & ADMINISTRATION 6506443400 2025-11-13 1 0 SHERMAN LEONG P00513747 4159579999 2024 2025-03-06 01:10:19Z BENETECH AYAN KISHORE 3790 EL CAMINO REAL 1072 PALO ALTO CA 94306 12656190 0 X WWW.BENETECH.ORG X 2000 CA BENETECH IS A NONPROFIT THAT EMPOWERS COMMUNITIES WITH SOFTWARE FOR SOCIAL GOOD. 12 12 70 19 0 0 9778173 11473769 1089769 1166573 59433 15848 0 0 10927375 12656190 2368043 0 0 0 8082442 7732023 0 0 506339 3587638 3641752 14038123 11373775 -3110748 1282415 2547397 3414402 1467773 1052363 1079624 2362039 X 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. 0 0 8819257 1166573 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. 65858 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. 8885115 1 1 0 1 0 0 0 0 0 1 0 0 0 0 0 1 1 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 19 0 1 70 1 0 0 0 0 0 0 0 0 0 0 0 0 X 12 12 0 1 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X THE ORGANIZATION 6506443400 3790 EL CAMINO REAL 1072 PALO ALTO CA 94306 GERARDO CAPIEL BOARD CHAIR - THRU 6/2024 1.00 X X 0 0 0 RAYANNE DARENSBOURG DIRECTOR - THRU 8/2024 1.00 X 0 0 0 TIM ELDER DIRECTOR 1.00 X 0 0 0 THERESA FAY-BUSTILLOS BOARD SECRETARY 1.00 X X 0 0 0 KEVIN LO DIRECTOR - THRU 5/2024 1.00 X 0 0 0 RICK JOHNSON DIRECTOR 1.00 X 0 0 0 PALLAVI GONDIPALLI DIRECTOR 1.00 X 0 0 0 BARBARA PAPE DIRECTOR 1.00 X 0 0 0 KRIS ESPERITU DIRECTOR 1.00 X 0 0 0 LARRY WEXLER DIRECTOR 1.00 X 0 0 0 RICHARD MUELLER DIRECTOR 1.00 X 0 0 0 AMANDA KETON DIRECTOR - THRU 6/2024 1.00 X 0 0 0 YOKO NAKAO DIRECTOR - THRU 12/2024 1.00 X 0 0 0 KATHERINE SCHNEIDER DIRECTOR - THRU 12/2024 1.00 X 0 0 0 JUNE KLEIN BOARD TREASURER 1.00 X X 0 0 0 JAMES FRUCHTERMAN DIRECTOR 1.00 X 0 0 0 TED BORROMEO DIRECTOR - START 12/2024 1.00 X 0 0 0 JACK CHEN DIRECTOR - START 12/2024 1.00 X 0 0 0 AYAN KISHORE CHIEF EXECUTIVE OFFICER 40.00 X 318907 0 26396 MATTHEW YIP VP PRODUCT & ENGINEERING 40.00 X 219490 0 19463 MICHAEL JOHNSON VP CONTENT 40.00 X 181741 0 45525 LISA WADORS VERNE VP PROGRAMS 40.00 X 186064 0 3722 TIA JEFFRESS VP FINANCE & ADMINISTRATION 40.00 X 195021 0 23139 CANDACE BRADY VP ADVANCEMENT 40.00 X 190932 0 18775 CHARLES MARK LAPIERRE PRIN. ACCESS & CONTENT QLT ARCHITECT 40.00 X 183475 0 39897 JOHN BRUGGE ENGINEERING MANAGER 40.00 X 172973 0 57075 JACOB A BROWNELL PRINCIPAL ENGINEER 40.00 X 175588 0 10897 RONALD K ELLIS III SENIOR ENGINEER 40.00 X 169455 0 10768 JENNY HU DIRECTOR OF IT 40.00 X 156905 0 20477 2150551 0 276134 27 0 1 0 AMAZON WEB SERVICES PO BOX 84023 SEATTLE WA 98124 CLOUD HOSTING 548435 EXYGY 548 MARKET STREET 59930 SAN FRANCISCO CA 94104 OTHER 259538 SIGMA ASSOCIATES INC 324 HERITAGE TRAIL CIRCLE PINES MN 55014 EVALUATION SERVICES 237501 DAPROIM AFRICA LTD 5091-00506 NAIROBI KE BOOK SCANNING 159916 CADRES EN MISSION INTERNATIONAL 144 RUE PAUL BELLAMY NANTES FR OTHER 143150 7 8750223 2723546 11473769 GLOBAL LITERACY 900099 1166573 1166573 1166573 15848 15848 12656190 1166573 0 15848 1429175 1090824 255281 83070 5032162 3840818 898851 292493 91312 69695 16310 5307 1179374 900162 210661 68551 229853 167738 52253 9862 155306 91049 57884 6373 230822 182861 45374 2587 16091 2315 13586 190 31960 23851 6120 1989 OUTSIDE SERVICES 1628407 1214590 388710 25107 COMMUNICATIONS 656877 634704 16752 5421 BOOK COLLECTION & DEVEL 558078 558078 BANK CHARGES 72520 56182 12377 3961 61838 52248 8162 1428 11373775 8885115 1982321 506339 635382 1968749 902610 8690 748330 1108106 92281 195152 150514 118846 16091 0 2189 14859 2547397 3414402 734146 685482 283627 366881 450000 0 1467773 1052363 X 320202 739278 759422 1622761 1079624 2362039 2547397 3414402 1282415 0 X X 0 1 X 1 1 1 X 14574654 15005323 14900969 9778173 11473769 65732888 14574654 15005323 14900969 9778173 11473769 65732888 1541942 64190946 7075 487 10716 59433 15848 93559 65826447 5422463 0.97520 0.98750 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 60000 60000 11313775 11373775 718689 179672 0 0 882161 965001 851906 718689 3417757 5126636 120570 120961 60263 60000 361794 220540 241250 212977 179672 854439 1281659 450000 450000 450000 450000 450000 450000 450000 450000 450000 450000 0.00000 0.00000 0.00000 0 0 0 0 X 12999712 343522 343522 12656190 0 12656190 11717297 343522 343522 11373775 0 11373775 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. IN 2024, THE PRINCIPAL OF THE ENDOWMENT WAS RETURNED TO THE DONOR FOLLOWING THE END OF THE FIVE-YEAR TERM. 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 2020 THROUGH 2023 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 19285 EUROPE 0 3 PROGRAM SERVICES PROGRAM MANAGEMENT SERVICES 259308 MIDDLE EAST AND NORTH AFRICA 0 2 PROGRAM SERVICES PROOFREADING, QA SERVICES 187866 SOUTH ASIA 0 12 PROGRAM SERVICES PROOFREADING, QA SERVICES 271325 0 19 0 0 0 19 737784 0 737784 0 0 0 0 0 0 X X X 0 0 0 0 0 0 0 0 0 AYAN KISHORE CHIEF EXECUTIVE OFFICER 318907 0 0 0 0 0 6423 0 19973 0 345303 0 0 0 MATTHEW YIP VP PRODUCT & ENGINEERING 209490 0 10000 0 0 0 4425 0 15038 0 238953 0 0 0 JOHN BRUGGE ENGINEERING MANAGER 172973 0 0 0 0 0 3631 0 53444 0 230048 0 0 0 MICHAEL JOHNSON VP CONTENT 181741 0 0 0 0 0 3722 0 41803 0 227266 0 0 0 CHARLES MARK LAPIERRE PRIN. ACCESS & CONTENT QLT ARCHITECT 183475 0 0 0 0 0 3860 0 36037 0 223372 0 0 0 TIA JEFFRESS VP FINANCE & ADMINISTRATION 195021 0 0 0 0 0 0 0 23139 0 218160 0 0 0 CANDACE BRADY VP ADVANCEMENT 190932 0 0 0 0 0 3738 0 15037 0 209707 0 0 0 LISA WADORS VERNE VP PROGRAMS 186064 0 0 0 0 0 3722 0 0 0 189786 0 0 0 JACOB A BROWNELL PRINCIPAL ENGINEER 175588 0 0 0 0 0 3569 0 7328 0 186485 0 0 0 RONALD K ELLIS III SENIOR ENGINEER 169455 0 0 0 0 0 3440 0 7328 0 180223 0 0 0 JENNY HU DIRECTOR OF IT 156905 0 0 0 0 0 3174 0 17303 0 177382 0 0 0 FORM 990, PART VI, SECTION A, LINE 3 LUCY RECKSEIT SERVED AS PART-TIME GENERAL COUNSEL TO THE BOARD AND WAS A CONTRACTOR. 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.