Votingworks EIN 83-2910494

Votingworks FY2024 filing

EIN  83-2910494 Public charity (501(c)(3)) San Francisco, CA Founded 2018
Form 990 (PDF)
You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →
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Verified accurate 8/18/26 · see original filing: IRS
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Size
$10–100M
What they do
Builds secure, affordable election technology to boost voter trust.
Leadership
Benjamin Michael Adida · Executive Dir. · $325K
Money in and out
$6.9M revenue, $8.9M expenses
Bottom line
89% program efficiency

Builds secure, affordable election technology to boost voter trust. For fiscal year 2024 it reported $6.9M in revenue, $8.9M in expenses, and $9.4M in net assets.Pt I

Where the money goes · FY2024
Total revenue
$6.9M
Pt VIII · Ln 12
Total expenses
$8.9M
Pt IX · Ln 25
Net assets
$9.4M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$2.0M
Where spending went · Part IX cols B–D
Program services $0.89 Management & general $0.10 Fundraising $0.01
Program efficiency
89%
of spending reaches programs
Operating runway
11.7mo
months of highly liquid reserves at operating expense rate
Surplus margin
-29%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$6.9M
FY2024▼ -37%
Expenses
$8.9M
FY2024▲ +43%
Total assets
$10.5M
FY2024▼ -12%
Total liabilities
$1.1M
FY2024▲ +117%
Total revenue
$6.9M
Pt VIII · Ln 12
Total expenses
$8.9M
Pt IX · Ln 25
Net assets
$9.4M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$2.0M
Total assetsPt X · Ln 16$10.5M
Program-expense ratioPt IX · col B89%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 42
Mission & Programs · Part III

Where the work happens

3 program services account for $7.9M of program spending, described in the organization's own filed words · FY2024.
01

Hardware Machine Sales, Support, and Certification

In 2024 we're one of two vendors who won the bid to sell voting equipment in New Hampshire; as of year end we are supporting a total of 16 cities and towns in the state. We continue to support 5 counties in Mississippi.

$6.7Mprogram expense
02

Government Research Project

The organization is working on a contract with a government agency to perform research on voting systems.

$684Kprogram expense
03

Arlo Software Sales

we had 9 paid customers in 2024 for the use of our RLA audit software: GA, MI, NV, PA, RI, TX, VA, WA, and Orange County CA

$539Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CVotingworks
EINHdr · item D83-2910494
Principal addressHdr · item CSan Francisco, CA
WebsiteHdr · item Jvoting.works
Year of formationHdr · item L2018
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFCivil Rights & Advocacy (R40)
Ruling yearIRS BMFSep 2019

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1b2
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
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
$324,821Pt VII · Sec A
Head of Hardware
$255,631Pt VII · Sec A
Op/Sec./Tres.
$244,040Pt VII · Sec A
Head of Software
$238,711Pt VII · Sec A
Head of Product
$228,442Pt VII · Sec A
Software Engineer
$217,195Pt VII · Sec A
$197,465Pt VII · Sec A
Director
$0Pt VII · Sec A

Benjamin Michael Adida’s $329K as Executive Dir. is at the 68th percentile of top reported officer pay among 129 $10–100M 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.

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

NameFY2025FY2024FY2023FY2022FY2021
Benjamin Michael Adida$328,865$324,821$301,130$259,689$274,090
Jesse T Dewald$288,618$255,631
Arsalan Akkas Sufi$277,467$238,711
Matthew R Roe$264,169$228,442
Janine M Trame$255,947$244,040
Caroline Mars$236,976$196,302$184,987
Kevin W Shen$233,224$217,195
Matthew Roe$216,110

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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Statement of Revenue

Part VIII
Program service revenue$3.5M · 51%
Contributions & grants$3.0M · 44%
Investment income$337K · 5%
Program service revenue51%$3.5M
Contributions & grants44%$3.0M
Investment income5%$337K
Other revenue$1K
— government grantsLn 1e$105K
Total revenueLn 12$6.9M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.89 Management & general $0.10 Fundraising $0.01
Program services89%$7.9M
Management & general10%$853K
Fundraising1%$110K
Total functional expensesLn 25$8.9M

Balance Sheet

Part X · end of year
CashLn 1$1.1M
Total assetsLn 16$10.5M
Total liabilitiesLn 26$1.1M
Total net assetsLn 32$9.4M
Months of cash on handcomputed1.6

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $8.2M · Operating expenses (Pt IX) $8.9M · Less non-cash grants $452K · Cash operating expenses/yr $8.4M
11.7 months
Where the money goes
Program services
Program services $7.9M · Total expenses $8.9M
89%
Management & General
Management & general $853K · Total expenses $8.9M
10%
Fundraising
Fundraising $110K · Total expenses $8.9M
1%
Cost to raise $1
Fundraising expense (3-yr avg) $179K · Solicited contributions (3-yr avg) $4.8M
$0.04 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $3.0M · Total revenue $6.9M
44%
Government reliance
Government grants $105K · Total revenue $6.9M
2%
Earned-income share
Program service revenue $3.5M · Total revenue $6.9M
51%
Investment reliance
Investment income $337K · Total revenue $6.9M
+5%
Program self-sufficiency
Program service revenue $3.5M · Total expenses $8.9M
39%
Growth & trend
Revenue growth (YoY)
This year $6.9M · Prior year $10.9M
-37%
Revenue CAGR
FY2019 $7.0M · FY2024 $6.9M
0%
Net-asset trend (YoY)
End of year $9.4M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $6.9M · Expenses $8.9M
-29%
Liabilities-to-Assets
Total liabilities — · Total assets $10.5M
Net-asset ratio
Net assets $9.4M · Total assets $10.5M
90%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $7.1M · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $10.5M
68%
People & payroll
Highest Reported Total Compensation
Individual Benjamin Michael Adida · Reported title Executive Dir. · Highest reported compensation $325K · Total expenses $8.9M
4%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $4.5M · Total expenses $8.9M
50%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 89%
Overhead ratio 10%
Fundraising cost ratio 4%
Revenue growth -37%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 1%
Fundraising fee ratio 0%

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
See all 6 funders →

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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
FY2025 (Latest)$16.0M revenue · ⤓ 990 PDF
FY2024$6.9M revenue · viewing · ⤓ 990 PDF
FY2023$10.9M revenue · ⤓ 990 PDF
FY2022$6.3M revenue · ⤓ 990 PDF
FY2021$4.0M revenue · ⤓ 990 PDF
FY2020$7.0M revenue · ⤓ 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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