Technovation
Technovation consistently operates with 0% officer compensation, maintaining strong assets despite recent operational deficits.
EIN: 208386654 · Menlo Park, CA · NTEE: U20 · Updated: 2026-03-28
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| Metric | Value |
|---|---|
| Total Revenue | $5.6M |
| Total Expenses | $4.6M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $4 |
| Net Assets | $2.2M |
| Transparency Score | 90/100 |
Search Intent Cockpit
Technovation Form 990, Revenue, CEO Pay, and IRS Filing Signals
Technovation is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Technovation in one place.
Form 990 Filing Summary
14 filing years are available, with latest revenue of $4.2M and expenses of $4.6M.
Revenue and Expenses
Technovation reported $4.2M in revenue and $4.6M in expenses, a deficit of $377K.
Executive Compensation
Top officer compensation appears as $4 in the stored analysis, with context against revenue and expenses below.
Charity Score and Red Flags
90/100 mission score, 1 red flag, and 4 strengths are shown from structured and AI review.
Is Technovation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
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Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $3.9M (85%) |
Across stored filings, Technovation shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
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| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 1 red flag identified |
| Mission spend | 85% to programs | Excellent |
| Financial durability | Grade B | 14 stored filing years |
| Peer context | Compare with Butte County Fire Safe Council | California and Category U context |
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Menlo Park, CA nonprofitsCategory U in California
Public Benefit in California
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Technovation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Technovation
Technovation (EIN: 208386654) is a nonprofit organization based in Menlo Park, CA, classified under NTEE code U20. The organization reported total revenue of $5.6M and total assets of $4.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Technovation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Technovation is a mid-size nonprofit that has been operating for 19 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 10.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.2M |
| Total Expenses | $4.6M |
| Surplus / Deficit | $-376,752 |
| Total Assets | $2.6M |
| Total Liabilities | $345K |
| Net Assets | $2.2M |
| Operating Margin | -9.0% |
| Debt-to-Asset Ratio | 13.5% |
| Months of Reserves | 6.7 months |
Financial Health Grade: B
In 2023, Technovation reported a deficit of $377K with expenses exceeding revenue, holds 6.7 months of operating reserves (strong position), has a debt-to-asset ratio of 13.5% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), Technovation's revenue has grown at a compound annual growth rate (CAGR) of 10.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +33.5% | +35.1% | -11.5% |
| 2022 | -14.8% | +15.8% | -7.3% |
| 2021 | +63.3% | +5.0% | +33.9% |
| 2020 | -48.4% | -16.4% | -13.5% |
| 2019 | +9.5% | -12.0% | +18.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Technovation with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Technovation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $377K, with expenses exceeding revenue.
- Debt-to-asset ratio: 13.5%.
Executive Compensation Analysis
Technovation consistently reports 0% officer compensation across all available filings, indicating a strong commitment to directing financial resources towards its mission and operational expenses rather than executive salaries, which is highly unusual and commendable for an organization of its size with revenues exceeding $4 million.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Technovation's IRS 990 filings:
- Consistent operational deficits in recent years (e.g., 2023, 2022, 2020) where expenses exceeded revenue.
Strengths
The following positive indicators were identified for Technovation:
- Consistent 0% officer compensation across all filings, indicating high efficiency and transparency.
- Strong asset base relative to liabilities, demonstrating financial stability (e.g., 2023 assets $2.5M vs. liabilities $344K).
- Long filing history (14 filings) indicating consistent compliance and transparency.
- NTEE code U20 suggests a focused mission in Science & Technology, aligning with program delivery.
Frequently Asked Questions about Technovation
Is Technovation a legitimate charity?
Technovation (EIN: 208386654) is a registered tax-exempt nonprofit based in California. Our AI analysis gives it a Mission Score of 90/100. It has 14 years of IRS 990 filings on record. Total revenue: $5.6M. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does Technovation spend its money?
Technovation directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Technovation tax-deductible?
Technovation is registered as a tax-exempt nonprofit (EIN: 208386654). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Technovation CEO make?
Technovation's highest-compensated officer earns $4 annually. The organization reported $5.6M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Technovation's spending goes to programs?
Technovation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Technovation compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Technovation is above average for NTEE category U20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Technovation located?
Technovation is headquartered in Menlo Park, California and files with the IRS under EIN 208386654. It is classified under NTEE code U20.
How many years of IRS 990 filings does Technovation have?
Technovation has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $5.6M in total revenue.
Is Technovation a good charity?
Based on the available data, Technovation appears to be a good charity. It demonstrates strong financial transparency with 0% officer compensation, maintains a healthy asset-to-liability ratio, and operates in a mission-focused area (Science & Technology). While it has experienced operational deficits in recent years, its overall financial stability is supported by its asset base.
How does Technovation manage its executive compensation?
Technovation consistently reports 0% officer compensation in all available IRS 990 filings. This indicates that no compensation is paid to its officers, which is a significant strength in terms of financial efficiency and transparency.
What is Technovation's financial trend regarding revenue and expenses?
Technovation has experienced fluctuations in revenue and expenses. In 2023, expenses ($4,569,601) exceeded revenue ($4,192,849), continuing a trend seen in 2022 and 2020. However, there were also periods of revenue exceeding expenses, such as in 2021 and 2019, indicating variable operational performance.
Does Technovation have sufficient assets to cover its liabilities?
Yes, Technovation consistently maintains a strong asset base significantly exceeding its liabilities. For example, in 2023, assets were $2,557,044 while liabilities were $344,955, demonstrating robust financial solvency.
Filing History
IRS 990 filing history for Technovation showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Technovation's revenue has grown by 255.8%, moving from $1.2M to $4.2M. Total assets increased by 534.9% over the same period, from $403K to $2.6M. Total functional expenses rose by 440.5%, from $846K to $4.6M. In its most recent filing year (2023), Technovation reported a deficit of $377K, with expenses exceeding revenue. The organization holds $345K in liabilities against $2.6M in assets (debt-to-asset ratio: 13.5%), resulting in net assets of $2.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.2M | $4.6M | $2.6M | $345K | — | — |
| 2022 | $3.1M | $3.4M | $2.9M | $320K | — | — |
| 2021 | $3.7M | $2.9M | $3.1M | $272K | — | View 990 |
| 2020 | $2.3M | $2.8M | $2.3M | $245K | — | — |
| 2019 | $4.4M | $3.3M | $2.7M | $83K | — | View 990 |
| 2018 | $4.0M | $3.8M | $2.3M | $700K | — | View 990 |
| 2017 | $3.5M | $3.3M | $2.1M | $759K | — | View 990 |
| 2016 | $2.1M | $3.2M | $2.0M | $868K | — | View 990 |
| 2015 | $2.2M | $2.9M | $2.6M | $353K | — | View 990 |
| 2014 | $3.1M | $2.6M | $3.0M | $51K | — | View 990 |
| 2013 | $3.5M | $2.2M | $2.5M | $11K | — | View 990 |
| 2012 | $2.3M | $2.3M | $1.2M | $52K | — | View 990 |
| 2011 | $2.5M | $1.9M | $1.2M | $12K | — | View 990 |
| 2010 | $1.2M | $846K | $403K | $25K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.2M, expenses of $4.6M, and assets of $2.6M (revenue +33.5% year-over-year).
- 2022: Revenue of $3.1M, expenses of $3.4M, and assets of $2.9M (revenue -14.8% year-over-year).
- 2021: Revenue of $3.7M, expenses of $2.9M, and assets of $3.1M (revenue +63.3% year-over-year).
- 2020: Revenue of $2.3M, expenses of $2.8M, and assets of $2.3M (revenue -48.4% year-over-year).
- 2019: Revenue of $4.4M, expenses of $3.3M, and assets of $2.7M (revenue +9.5% year-over-year).
- 2018: Revenue of $4.0M, expenses of $3.8M, and assets of $2.3M (revenue +14.7% year-over-year).
- 2017: Revenue of $3.5M, expenses of $3.3M, and assets of $2.1M (revenue +63.1% year-over-year).
- 2016: Revenue of $2.1M, expenses of $3.2M, and assets of $2.0M (revenue -3.8% year-over-year).
- 2015: Revenue of $2.2M, expenses of $2.9M, and assets of $2.6M (revenue -28.1% year-over-year).
- 2014: Revenue of $3.1M, expenses of $2.6M, and assets of $3.0M (revenue -11.5% year-over-year).
- 2013: Revenue of $3.5M, expenses of $2.2M, and assets of $2.5M (revenue +49.3% year-over-year).
- 2012: Revenue of $2.3M, expenses of $2.3M, and assets of $1.2M (revenue -8.1% year-over-year).
- 2011: Revenue of $2.5M, expenses of $1.9M, and assets of $1.2M (revenue +115.7% year-over-year).
- 2010: Revenue of $1.2M, expenses of $846K, and assets of $403K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Technovation:
Data Sources and Methodology
This transparency report for Technovation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.