Technology Matters EIN 88-2116913

Technology Matters

EIN  88-2116913 Public charity (501(c)(3)) Palo Alto, CA
Form 990 (PDF) Compare with another nonprofit →
Verified accurate 8/26/26 · see original filing: IRS
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Size
$1–10M
What they do
Develops technology to help social sector organizations solve common problems.
Leadership
Nicholas Hurlburt · Executive Director, Aselo · $180K
Money in and out
$4.2M revenue, $3.9M expenses
Bottom line
82% program efficiency

Develops technology to help social sector organizations solve common problems. For fiscal year 2024 it reported $4.2M in revenue, $3.9M in expenses, and $1.8M in net assets.Pt I

Where the money goes · FY2024
Total revenue
$4.2M
Pt VIII · Ln 12
Total expenses
$3.9M
Pt IX · Ln 25
Net assets
$1.8M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $336K
Where spending went · Part IX cols B–D
Program services $0.82 Management & general $0.18 Fundraising $0.00
Program efficiency
82%
of spending reaches programs▼ -6% vs prior filing year
Operating runway
2.6mo
months of highly liquid reserves at operating expense rate▼ -28% vs prior filing year
Surplus margin
+8%
revenue over expenses, this year▼ -70% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$4.2M
FY2024▼ -22%
Expenses
$3.9M
FY2024▼ -1%
Total assets
$2.0M
FY2024▲ +13%
Total liabilities
$229K
FY2024▼ -30%
Total revenue
$4.2M
Pt VIII · Ln 12
Total expenses
$3.9M
Pt IX · Ln 25
Net assets
$1.8M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$336K
Total assetsPt X · Ln 16$2.0M
Program-expense ratioPt IX · col B82%
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 $3.2M of program spending, described in the organization's own filed words · FY2024.
01

Aselo

Aselo is tech matters' program to serve the crisis response helpline field. Aselo is an open source cloud-based contact center platform designed to make it possible for helplines to respond to people (especially children) in need via phone, SMS, webchat, whatsapp, and other social media channels.

$1.7Mprogram expense
02

Terraso

The terraso open source software project continued active development with a team which included professional software developers, a ux designer, and a product manager. Terraso priorities rely on feedback from local leaders on the front lines of climate change, striving to build more regenerative local economies.

$1.2Mprogram expense
03

Field Building

Tech matters provides a range of resources to support the wider application of technology to the social impact field broadly. This includes our no-charge brief consultations with nonprofit leaders, regular talks and articles on tech for good, and a podcast series featuring the leaders of technology nonprofits.

$313Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CTechnology Matters
EINHdr · item D88-2116913
Principal addressHdr · item CPalo Alto, CA
WebsiteHdr · item Jtechmatters.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFScience & Technology (U40)
Ruling yearIRS BMFJan 2023

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
Executive Director, Aselo
$180,195Pt VII · Sec A
Director of Engineering
$162,112Pt VII · Sec A
Director of Product & Biz Ops
$147,756Pt VII · Sec A
$145,817Pt VII · Sec A
Product Manager
$118,766Pt VII · Sec A
CFO - Start 4/2024
$115,384Pt VII · Sec A
Senior Ux Designer
$112,419Pt VII · Sec A
Product Manager
$110,634Pt VII · Sec A

Nicholas Hurlburt’s $180K as Executive Director, Aselo is at the 50th percentile of top reported officer pay among 361 $1–10M science & technology 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

NameFY2024FY2023
James R Fruchterman$145,817$244,635
Nicholas Hurlburt$180,195$173,469
Paul Schreiber$162,112$165,840
Dee Luo$147,756$145,545
Hana Lee$129,948
Derek Caelin$118,766$126,512
Robert Davis$122,917
Aaron Firestone$115,384

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
Contributions & grants$3.3M · 78%
Program service revenue$878K · 21%
Investment income$37K · 1%
Contributions & grants78%$3.3M
Program service revenue21%$878K
Investment income1%$37K
— government grantsLn 1e$353K
Total revenueLn 12$4.2M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.82 Management & general $0.18 Fundraising $0.00
Program services82%$3.2M
Management & general18%$695K
Fundraising$385
Total functional expensesLn 25$3.9M

Balance Sheet

Part X · end of year
CashLn 1$829K
Total assetsLn 16$2.0M
Total liabilitiesLn 26$229K
Total net assetsLn 32$1.8M
Months of cash on handcomputed2.6

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $829K · Operating expenses/yr $3.9M
2.6 months
Where the money goes
Program services
Program services $3.2M · Total expenses $3.9M
82%
Management & General
Management & general $695K · Total expenses $3.9M
18%
Fundraising
Fundraising $385 · Total expenses $3.9M
0%
Cost to raise $1
Fundraising expense (2-yr avg) $2K · Solicited contributions (2-yr avg) $3.4M
$0.00 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $3.3M · Total revenue $4.2M
78%
Government reliance
Government grants $353K · Total revenue $4.2M
8%
Earned-income share
Program service revenue $878K · Total revenue $4.2M
21%
Investment reliance
Investment income $37K · Total revenue $4.2M
+1%
Program self-sufficiency
Program service revenue $878K · Total expenses $3.9M
23%
Growth & trend
Revenue growth (YoY)
This year $4.2M · Prior year $5.3M
-22%
Net-asset trend (YoY)
End of year $1.8M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $4.2M · Expenses $3.9M
+8%
Liabilities-to-Assets
Total liabilities — · Total assets $2.0M
Net-asset ratio
Net assets $1.8M · Total assets $2.0M
89%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $2.0M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Nicholas Hurlburt · Reported title EXECUTIVE DIRECTOR, ASELO · Highest reported compensation $180K · Total expenses $3.9M
5%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $2.6M · Total expenses $3.9M
67%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 82%
Overhead ratio 18%
Fundraising cost ratio 0%
Revenue growth -22%
Legal fee ratio 0%
Accounting fee ratio 2%

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
FY2024 (Latest)$4.2M revenue · viewing · ⤓ 990 PDF
FY2023$5.3M 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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