TechnoServe meets the 20 Standards for Charity Accountability.
Complaints
Number of complaints processed by the BBB in the last 36 months: 1
Donation Receipt Request
The organization addressed the complaint issues brought to its attention: 1
The organization did not address the complaint issues brought to its attention: 0
TechnoServe reports that it develops business solutions to poverty by linking people to information, capital, and markets in 29 different countries. The organization works with individuals in the developing world to create food delivery systems, train young entrepreneurs, and develop competitive farms and businesses when harvesting cashews, coffee, and livestock. TechnoServe reports that it works across sectors to design policies, foster collaboration, and pilot new business models that drive lasting, transformational change across entire industries to benefit millions of people. In 2019, the organization states that 317,493 individuals and businesses saw increased financial benefits and that $201 million in increased revenue and wages was generated due to TechnoServe's support.
For the year ended December 31, 2019, TechnoServe's program expenses were:
Africa |
$45,694,928 |
Latin America and Caribbean |
$20,141,743 |
Global |
$3,976,710 |
India |
$3,323,607 |
Total Program Expenses: |
$73,136,988 |
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Chief Executive
William Warshauer, President and Chief Executive Officer
-
Compensation*
$426,186
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Chair of the Board
Rachel Hines
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Chair's Profession / Business Affiliation
Former Managing Director, J.P. Morgan
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Board Size
23
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Paid Staff Size
1411
*2019 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
Method(s) Used:
Direct mail appeals, Grant proposals, Internet, Invitations to fund raising events, Membership appeals, Planned giving arrangements
Fundraising costs were 3% of related contributions. (Related contributions, which totaled $87,519,061, are donations received as a result of fundraising activities.)
This organization is tax-exempt under section 501(c) (3) of the Internal Revenue Code.It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
The following information is based on TechnoServe's audited financial statements - consolidated for the year ended December 31, 2019.
Source of Funds |
Other grants and contracts |
$54,325,127 |
U.S. government grants and contracts |
$21,594,377 |
Private contributions |
$8,714,335 |
Contributed services and in-kind |
$2,885,222 |
Other gains, net |
$2,003,989 |
Interest income |
$208,206 |
Program income |
$60,124 |
Total Income |
$89,791,380 |
- Programs: 84%
- Administrative: 13%
- Fundraising: 3%
Total Income |
$89,791,380 |
Program expenses |
$73,136,988 |
Fundraising expenses |
$2,794,372 |
Administrative expenses |
$11,534,109 |
Other expenses |
$0 |
Total expenses: |
$87,465,469 |
Income in Excess of Expenses |
$2,325,911 |
Beginning Net Assets |
$11,523,690 |
Other Changes In Net Assets |
$-149,257 |
Ending Net Assets |
$13,700,344 |
Total Liabilities |
$53,839,146 |
Total Assets |
$67,539,490 |
Note: In the above financial section, ‘other changes in net assets’ refers to currency translation adjustments.