Technoserve Inc
- Assets
- $102.4m
- Revenue
- $93.2m
- Investments
- $657.7k
- Employees
- 154
- Location
- Arlington, VA
- Founding
- 04/1969
- Data as of
- 12/2022
- EIN
- 13-2626135
Organization Overview
Technoserve Inc is located in Arlington, VA. The organization was established in 1969. According to its NTEE Classification (Q32) the organization is classified as: International Economic Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2022, Technoserve Inc employed 154 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Technoserve Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Technoserve Inc generated $93.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $94.4m during the year ending 12/2022. While expenses have increased by 1.1% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TECHNOSERVE WORKS WITH ENTERPRISING PEOPLE IN THE DEVELOPING WORLD TO BUILD COMPETITIVE FARMS, BUSINESSES, AND INDUSTRIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Bush Co-Chair | OfficerTrustee | 3 | $0 |
Rachel Hines Co-Chair | OfficerTrustee | 3 | $0 |
Peter Flaherty Vice Chairman | OfficerTrustee | 3 | $0 |
Jennifer Bullard Broggini Secretary | OfficerTrustee | 3 | $0 |
Michael Spies Treasurer | OfficerTrustee | 3 | $0 |
Paul Tierney Jr Chairman Emeritus | Trustee | 1.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Laterite Ltd Monitoring And Evaluation Services | 12/30/22 | $380,347 |
Cagepoint Inc Omni-channel Media Agency Services | 12/30/22 | $337,100 |
Endeva Ug Program Technical Services | 12/30/22 | $200,520 |
Nathani Law Practice Pllc Legal Services | 12/30/22 | $223,975 |
Broderick Haight Consulting Llc Proposal/mobilization Services | 12/30/22 | $181,780 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $30,772,059 |
| All other contributions, gifts, grants, and similar amounts not included above | $62,016,222 |
| Noncash contributions included in lines 1a–1f | $19,108,414 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $92,788,281 |
| Total Program Service Revenue | $180,366 |
| Investment income | $108,838 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $42,591 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $93,244,457 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $7,953,318 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $4,472,873 |
| Compensation of current officers, directors, key employees. | $1,218,023 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $32,603,826 |
| Pension plan accruals and contributions | $2,457,468 |
| Other employee benefits | $10,431,126 |
| Payroll taxes | $2,959,139 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $528,279 |
| Fees for services: Accounting | $426,802 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $109,734 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,297,766 |
| Advertising and promotion | $453,916 |
| Office expenses | $2,933,339 |
| Information technology | $913,369 |
| Royalties | $0 |
| Occupancy | $2,414,226 |
| Travel | $6,896,716 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $359,281 |
| Interest | $1,039 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $429,522 |
| Insurance | $304,195 |
| All other expenses | $0 |
| Total functional expenses | $94,410,840 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,962,935 |
| Savings and temporary cash investments | $70,911,886 |
| Pledges and grants receivable | $9,964,519 |
| Accounts receivable, net | $830,757 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,059,000 |
| Net Land, buildings, and equipment | $2,241,023 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $657,697 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,777,051 |
| Total assets | $102,404,868 |
| Accounts payable and accrued expenses | $7,941,780 |
| Grants payable | $0 |
| Deferred revenue | $65,588,295 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $11,640,700 |
| Total liabilities | $85,170,775 |
| Net assets without donor restrictions | $13,320,418 |
| Net assets with donor restrictions | $3,913,675 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $102,404,868 |