Technology Network FY2024 filing

Not tax-deductible

Santa Clara, CA501(c)(6)Since 1997Mutual / membership EIN 77-0456865Revenue $15.8M in FY2024

On file with the IRStechnet.org4633 Old Ironsides Dr Ste 320, 95054-1846 · Santa Clara, CATax-exempt since Sep 1998

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Technet is the national, bipartisan Network of Technology ceos and senior executives that promotes the growth of american innovation. Technet is committed to advancing public policies and private sector initiatives that make the u.s. The most innovative (cont. On sch. O) nation in the world. Technet champions policies that foster a climate for innovation, allowing Technology companies to create, thrive, and compete. Technet members work together to identify key policy priorities and execute successful legislative strategies at the federal, state, and local levels.

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
$4.2M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Pay: Part VII

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $529K a year · 5% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Pay to officers and key staff
$4.2M
to officers and key staff · 27% of spending
Worth a look: pay to officers and key staff is 27% of spending; over 20%.
Pt VII · Sec A
11 mo
of spending, in cash
Looks good: 10.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$11.2M
73% of total assets
Worth a look: liabilities are 73% of assets; over 65%.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$15.8M
+15% vs prior year
Spent
$15.7M
Net assets
$4.0M
By yearFY2020–FY2025
Revenue
$15.8M
FY2024▲ +15%
Tap a bar for its year
Revenue by fiscal year
FY2020$4.3M
FY2021$6.4M
FY2022$10.4M
FY2023$13.7M
FY2024$15.8M
FY2025$15.8M
Expenses
$15.7M
FY2024▲ +27%
Tap a bar for its year
Expenses by fiscal year
FY2020$4.2M
FY2021$6.0M
FY2022$9.5M
FY2023$12.4M
FY2024$15.7M
FY2025$15.4M
Net assets
$4.0M
FY2024+0.5%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.4M
FY2021$1.8M
FY2022$2.8M
FY2023$4.0M
FY2024$4.0M
FY2025$4.5M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 1998.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

28 people listed on the 990; $4.2M paid to officers and key staff.

Part VII, Section A · reportable compensation
President & CEO
$1,106,201Pt VII · Sec A
EVP & Corporate Secretary
$657,525Pt VII · Sec A
SVP, State Policy & Gov Relations
$332,043Pt VII · Sec A
SVP, Membership & Grwoth
$321,262Pt VII · Sec A
Executive Director, Southwest
$219,879Pt VII · Sec A
Executive Director, Northeast
$217,115Pt VII · Sec A
Executive Director, Midwest
$217,057Pt VII · Sec A
Executive Director, Mid-Atlantic
$214,897Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Linda L Moore$1,220,235$1,106,201$983,464$771,555$712,757$605,779
Carl K Holshouser—$657,525$518,379$420,453$361,823$125,693
David S Edmonson$433,637$332,043$301,318$282,023$238,748$205,013
April Mellody$420,308$153,397————
Trent T Edwards$336,206$321,262——$224,972$200,690
Peter H Chandler——$328,244$311,335$293,085$264,237
Carl K Holshouser - EVP$261,646—————
Andrew C Hudson - General$247,500$199,822————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Advocates for policies that grow the innovation economy and make the U.S. the most technologically advanced nation.

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2 programs · in their own filed words · FY2024
01

Technet has a sophisticated website and e-mail communications system for its members. Technet staff, in consultation with its members, is involved in shaping public perceptions about the high-tech industry and influencing public policy on american innovation issues.

Pt IX · col B
02

Technet has hosted dozens of public policy events for its members. These events allow members to meet with policymakers at both the state and federal level. The purpose of the events is to build relationships between the members of the high-tech community and policymakers.

Pt IX · col B

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$15.8M
Ln 12
Fees for servicesLn 2g$15.1M
Investment incomeLn 3$568K
Other incomeLn 4–11$72K
Money outPt IX
$15.7M
Ln 25
Owns and owesPt X
$4.0M
net assets · Ln 32
Cash and savingsLn 1–2$14.0M
Total assetsLn 16$15.2M
LiabilitiesLn 26$11.2M
PeoplePt VI, VII
28
listed · VII A
PaidVII A13
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$15.1M
Investment incomeLn 3$568K
Other incomeLn 4–11$72K
Total revenueLn 12$15.8M
Assets in detailPt X, end of year
CashLn 1$13.7M
SavingsLn 2$286K
Cash and savings togetherLn 1–2$14.0M
Land, buildings, equipmentLn 10c$305K
Other assetsLn 15$761K
Total assetsLn 16$15.2M
LiabilitiesLn 26$11.2M
Net assetsLn 32$4.0M
OperationsPt I, VI
EmployeesI 539
VolunteersI 611
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$14.2M$14.0M
Land, buildings, equipmentLn 10c$370K$305K
Total assetsLn 16$15.7M$15.2M
LiabilitiesLn 26$11.7M$11.2M
Net assetsLn 32$4.0M$4.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$3.3M
Other salaries and wagesLn 7$2.7M
Pension plan contributionsLn 8$179K
Other employee benefitsLn 9$305K
Payroll taxesLn 10$350K
Legal feesLn 11b$159K
Accounting feesLn 11c$58K
Lobbying feesLn 11d$2.0M
Other fees for servicesLn 11g$1.4M
OccupancyLn 16$240K
TravelLn 17$110K
Conferences, conventions and meetingsLn 19$77K
InterestLn 20$14K
Depreciation, depletion and amortizationLn 22$84K
InsuranceLn 23$9K
Other expenses (24a–d)Ln 24$4.5M
All other expensesLn 24e$278K
Total functional expensesLn 25$15.7M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $15.8M$15.4M$465K$4.5M 990 PDF
FY2024 Viewing $15.8M$15.7M$20K$4.0M 990 PDF
FY2023 $13.7M$12.4M$1.2M$4.0M 990 PDF
FY2022 $10.4M$9.5M$928K$2.8M 990 PDF
FY2021 $6.4M$6.0M$397K$1.8M 990 PDF
FY2020 $4.3M$4.2M$118K$1.4M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $15,752,072 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $13,380,742$15,111,741
I-10 Investment incomePrior year $287,340$567,887
I-11 Other revenuePrior year $10,131$72,444
I-12 Total revenuePrior year $13,678,213$15,752,072
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $5,937,122$6,898,710
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $6,493,331$8,833,368
I-18 Total expensesPrior year $12,430,453$15,732,078
I-19 Revenue less expensesPrior year $1,247,760$19,994
Part VI · Governance 11 of 11 board members independent, 3 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $15,752,072 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $15,111,741$15,111,741
VIII-3 Investment incomeExcluded from tax $567,887$567,887
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $72,444$72,444
VIII-12 Total revenueRelated to mission $15,111,741 · Unrelated business $0 · Excluded from tax $640,331$15,752,072
Part IX · Statement of functional expenses $15,732,078 across 17 lines filed
IX-5 Pay of current officers, directors and key staff$3,333,116
IX-7 Other salaries and wages$2,732,167
IX-8 Pension plan contributions$178,768
IX-9 Other employee benefits$304,615
IX-10 Payroll taxes$350,044
IX-11b Legal fees$159,250
IX-11c Accounting fees$58,494
IX-11d Lobbying fees$1,978,006
IX-11g Other fees for services$1,350,210
IX-16 Occupancy$240,186
IX-17 Travel$110,267
IX-19 Conferences, conventions and meetings$76,940
IX-20 Interest$13,877
IX-22 Depreciation, depletion and amortization$84,028
IX-23 Insurance$9,251
IX-24 Other expenses (24a–d)$4,474,665
IX-24e All other expenses$278,194
IX-25 Total functional expenses$15,732,078
Part X · Balance sheet $15,230,137 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $14,164,278$13,749,069
X-2 Savings and temporary cash investmentsStart of year $0$286,000
X-3 Pledges and grants receivableStart of year $44,217$103,916
X-9 Prepaid expenses and deferred chargesStart of year $127,166$25,031
X-10c Land, buildings and equipment, netStart of year $369,653$305,347
X-15 Other assetsStart of year $965,019$760,774
X-16 Total assetsStart of year $15,670,333$15,230,137
X-17 Accounts payable and accrued expensesStart of year $320,137$566,820
X-19 Deferred revenueStart of year $10,335,129$9,840,610
X-25 Other liabilitiesStart of year $997,632$785,279
X-26 Total liabilitiesStart of year $11,652,898$11,192,709
X-27 Net assets without donor restrictionsStart of year $4,017,435$4,037,428
X-32 Total net assets or fund balancesStart of year $4,017,435$4,037,428
X-33 Total liabilities and net assetsStart of year $15,670,333$15,230,137
Part XI · Reconciliation of net assets $4,037,428 net assets at year end
XI-1 Total revenue$15,752,072
XI-2 Total expenses$15,732,078
XI-3 Revenue less expenses$19,994
XI-4 Net assets at start of year$4,017,435
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$4,037,428

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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