Thoughtful Tech Project INC EIN 83-2592895

Thoughtful Tech Project INC

EIN  83-2592895 Public charity (501(c)(3)) Covina, CA
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Size
$1–10M
What they do
a civil rights and advocacy nonprofit
Leadership
Aviv Ovadya · President · $83K
Money in and out
$1.0M revenue, $207K expenses
Bottom line
45% program efficiency

Thoughtful Tech Project INC is a civil rights and advocacy nonprofit based in Covina, CA. For fiscal year 2024 it reported $1.0M in revenue, $207K in expenses, and $833K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$1.0M
Pt VIII · Ln 12
Total expenses
$207K
Pt IX · Ln 25
Net assets
$833K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $824K
Where spending went · Part IX cols B–D
Program services $0.45 Management & general $0.52 Fundraising $0.03
Program efficiency
45%
of spending reaches programs
Operating runway
48.6mo
months of highly liquid reserves at operating expense rate
Surplus margin
+80%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Total revenue
$1.0M
Pt VIII · Ln 12
Total expenses
$207K
Pt IX · Ln 25
Net assets
$833K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$824K
Total assetsPt X · Ln 16$842K
Program-expense ratioPt IX · col B45%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 43
Mission & Programs · Part III

Where the work happens

2 program services account for $94K of program spending, described in the organization's own filed words · FY2024.
01

Building democratic capabilitiesthe ai & democracy foundation (aidf) developed and disseminated non-partisan resources to strengthen democratic infrastructure, which can be used for ai governance and beyond.

$56Kprogram expense
02

Promoting adoption and integration of democratic processes in ai developmentthe ai & democracy foundation (aidf) worked to integrate democratic decision-making into ai development and governance structures.

$38Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CThoughtful Tech Project INC
EINHdr · item D83-2592895
Principal addressHdr · item CCovina, CA
WebsiteHdr · item Jaidemocracyfoundation.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFCivil Rights & Advocacy (R63)
Ruling yearIRS BMFApr 2020

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1b3
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President
$82,977Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A

Aviv Ovadya’s $83K as President is at the 14th percentile of top reported officer pay among 796 $1–10M civil rights & advocacy nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

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Statement of Revenue

Part VIII
Contributions & grants$991K · 96%
Investment income$25K · 2%
Program service revenue$15K · 1%
Contributions & grants96%$991K
Investment income2%$25K
Program service revenue1%$15K
Other revenue$12
Total revenueLn 12$1.0M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.45 Management & general $0.52 Fundraising $0.03
Program services45%$94K
Management & general52%$107K
Fundraising3%$6K
Total functional expensesLn 25$207K

Balance Sheet

Part X · end of year
CashLn 1$840K
Total assetsLn 16$842K
Total liabilitiesLn 26$9K
Total net assetsLn 32$833K
Months of cash on handcomputed48.6

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $840K · Operating expenses/yr $207K
48.6 months
Where the money goes
Program services
Program services $94K · Total expenses $207K
45%
Management & General
Management & general $107K · Total expenses $207K
52%
Fundraising
Fundraising $6K · Total expenses $207K
3%
Cost to raise $1
Fundraising expense $6K · Solicited contributions $991K
$0.01 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $991K · Total revenue $1.0M
96%
Government reliance
Government grants — · Total revenue $1.0M
Earned-income share
Program service revenue $15K · Total revenue $1.0M
1%
Investment reliance
Investment income $25K · Total revenue $1.0M
+2%
Program self-sufficiency
Program service revenue $15K · Total expenses $207K
7%
Growth & trend
Revenue growth (YoY)
This year $1.0M · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $833K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.0M · Expenses $207K
+80%
Liabilities-to-Assets
Total liabilities — · Total assets $842K
Net-asset ratio
Net assets $833K · Total assets $842K
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $842K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Aviv Ovadya · Reported title PRESIDENT · Highest reported compensation $83K · Total expenses $207K
40%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $122K · Total expenses $207K
59%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 45%
Overhead ratio 52%
Fundraising cost ratio 1%
Legal fee ratio 0%
Accounting fee ratio 5%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 2 funders$2.0M

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$1.0M revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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