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

$5.6MRevenue

$4.2MAssets

90/100Mission Score (Excellent)

U20

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.

AI Transparency Report

Technovation demonstrates a generally stable financial position, though recent years show a trend of expenses exceeding revenue. In 2023, expenses were $4,569,601 against revenues of $4,192,849, resulting in a deficit. This pattern was also observed in 2022 and 2020. Despite these operational deficits, the organization maintains a healthy asset base, with $2,557,044 in assets in 2023, significantly exceeding its liabilities of $344,955. This indicates a strong balance sheet capable of absorbing short-term operational fluctuations.

The organization's NTEE code U20 (Science & Technology Research & Public Policy) suggests a focus on program delivery in a specialized field. The consistent reporting of 0% officer compensation across all available filings is a significant indicator of strong financial transparency and a commitment to directing resources towards its mission rather than executive salaries. This practice is highly commendable and suggests a volunteer-driven or very lean executive structure.

While the operational deficits warrant monitoring, the overall financial health appears sound due to robust assets and low liabilities. The lack of reported officer compensation enhances its transparency and efficiency profile, suggesting that the majority of its spending is likely directed towards its programs and operational needs rather than high executive salaries. Further analysis of the functional expense breakdown would provide more granular insight into spending efficiency.

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.

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 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.	PDF
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.

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.