Category: Diseases and Disease Research

Beneficent, Inc. dba, Benetech Technology Serving Humanity

AKA Benetech

Palo Alto, CA

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Also Known As:: Benetech
Physical Address:: Palo Alto, CA 94306 1609
EIN:: 77-0225904
Web URL:: www.benetech.org
Leadership:: Mr. James R. Fruchterman

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GuideStar Seal	Committed to transparency
Not Registered with IRS	Legitimacy information is available
Financial Data	Annual Revenue and Expense data reported
Forms 990	2003, 2002, and 2001 Forms 990 filed with the IRS
Mission Objectives	Mission Statement is available
Impact Summary	Impact Summary from the nonprofit is not available

Legitimacy Information

This organization is not registered with the IRS.
This organization is required to file an IRS Form 990 or 990-EZ.

This organization has not appeared in IRS records for a number of months and may no longer exist.

This organization does not appear in the IRS's most recent list of tax-exempt organizations. IRS records do not, however, indicate that the organization’s tax-exempt status has been revoked. Contact the organization for more information.

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Forms 990 from IRS IRS Form 990 is an annual document used by approximately one-third of all public charities to report information about their finances and operations to the federal government. GuideStar uses data from Form 990 to populate its database with financial information about nonprofit organizations. Posting Form 990 images on the GuideStar Web site is an ongoing process.

Forms 990 for 2003, 2002, 2001, 2000, 1999 are included in the GuideStar Premium Report. Upgrade Now Report Added To Cart

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Annual Revenue & Expenses Financial information on GuideStar is either digitized from Form 990 images we receive from the IRS or submitted by the nonprofits themselves through the GuideStar Exchange (990 filers cannot override Form 990 financial data). If your organization does not file a Form 990, 990-EZ, or 990-PF and you would like to have your financial data displayed in this section, join the GuideStar Exchange today!

Fiscal Year Starting: Jan 01, 2003
Fiscal Year Ending: Dec 31, 2003

Revenue
Total Revenue	$726,909

Expenses
Total Expenses	$1,035,953

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Financial data from Forms 990 for Year 2003, 2002, 2001, 2000, 1999 are included in the GuideStar Premium Report. Upgrade Now Report Added To Cart

Key Financial SCAN Features

Financial Health Dashboard: Highlights key financial trends and ratios for a selected nonprofit organization over a period of up to five years.
Peer Comparison Dashboard: Compares the organization's financials with up to five peer nonprofits that you select.
Graphical Analysis: Provides multi-year graphs and an interpretive guide in a format ready to present to your clients.
Printable PDF Report: Provides a complete analysis of the organization for your records. The full report tells you what to look for and why it matters.
Advanced Search: Allows you to search by EIN (Employer Identification Number), organization name, city, state, revenue, expenses, and assets.

View Sample Report

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Summary
Financials
Forms 990 & Docs
People
Programs & Help

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Basic Organization Information

Beneficent, Inc. dba, Benetech Technology Serving Humanity

Also Known As:: Benetech
Physical Address:: Palo Alto, CA 94306 1609
EIN:: 77-0225904
Web URL:: www.benetech.org
NTEE Category:: G Disease, Disorders, Medical Disciplines; G41 Eye Diseases, Blindness and Vision Impairments; S Community Improvement, Capacity Building; S99 Community Improvement, Capacity Building N.E.C.; Q International, Foreign Affairs, and National Security; Q70 International Human Rights
Year Founded:: 1989
Ruling Year:: 1994

Mission Statement

<div> </div> <div> </div> <div>!!!!!!</div> <div>PLEASE NOTE: YOU ARE REVIEWING AN OLD REPORT THAT IS NO LONGER BEING UPDATED. FOR BENETECH'S CURRENT REPORT, <strong>PLEASE SEE OUR ACTIVE ACCOUNT, </strong><strong>BENEFICENT TECHNOLOGY INC</strong> THAT IS ASSOCIATED WITH <strong>EIN</strong><strong> 77-0555413.</strong></div> <div>!!!!!!  </div> <div>Benetech is a Silicon Valley-based nonprofit that uses the high technology enterprise model to address major social issues in areas such as disability, human rights, literacy and education. Many beneficial technologies have compelling social applications that are not developed because they do not meet for-profit investors' financial expectations. Benetech specifically pursues sustainable endeavors with a strong social, rather than financial, rate of return on investment, bringing commercial technology and private sector management techniques to bear in creating innovative solutions to pressing social issues.</div> <div> </div> <div> </div> <div></div>

Expert Assessment

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Impact Summary from the Nonprofit

This organization has not provided an impact summary.

Personal Reviews

Key Financial SCAN Features

Financial Health Dashboard: Highlights key financial trends and ratios for a selected nonprofit organization over a period of up to five years.
Peer Comparison Dashboard: Compares the organization's financials with up to five peer nonprofits that you select.
Graphical Analysis: Provides multi-year graphs and an interpretive guide in a format ready to present to your clients.
Printable PDF Report: Provides a complete analysis of the organization for your records. The full report tells you what to look for and why it matters.
Advanced Search: Allows you to search by EIN (Employer Identification Number), organization name, city, state, revenue, expenses, and assets.

View Sample Report

More Information

FAQs on Financial Data | Digitizing IRS Form 990 Data

Financial Data

Revenue and Expenses

Revenue and Expense data from Forms 990 for 2003, 2002, 2001, 2000, 1999 are included in the GuideStar Premium Report. Upgrade Now Report Added To Cart

Balance Sheet

Balance Sheet data from Forms 990 for Year 2003, 2002, 2001, 2000, 1999 are included in the GuideStar Premium Report. Upgrade Now Report Added To Cart

Key Financial SCAN Features

Financial Health Dashboard: Highlights key financial trends and ratios for a selected nonprofit organization over a period of up to five years.
Peer Comparison Dashboard: Compares the organization's financials with up to five peer nonprofits that you select.
Graphical Analysis: Provides multi-year graphs and an interpretive guide in a format ready to present to your clients.
Printable PDF Report: Provides a complete analysis of the organization for your records. The full report tells you what to look for and why it matters.
Advanced Search: Allows you to search by EIN (Employer Identification Number), organization name, city, state, revenue, expenses, and assets.

View Sample Report

More Information

Forms 990 Received from the IRS IRS Form 990 is an annual document used by approximately one-third of all public charities to report information about their finances and operations to the federal government. GuideStar uses data from Form 990 to populate its database with financial information about nonprofit organizations. Posting Form 990 images on the GuideStar Web site is an ongoing process.

Forms 990 for 2003, 2002, 2001, 2000, 1999 are included in the GuideStar Premium Report. Upgrade Now Report Added To Cart

Forms 990 Provided by the Nonprofit

Financial Statements

Audited Financial Statement is not available for this organization.

Annual Reports

Formation Documents A Letter of Determination is a letter from the IRS to a nonprofit organization stating that the organization has successfully applied for tax-exempt status. In this document the IRS indicates under which section of the Internal Revenue Code an organization is qualified.

Letter of Determination is not available for this organization.

Leadership

Mr. James R. Fruchterman

Profile:

A technology entrepreneur, Jim Fruchterman has been a rocket scientist, founded two major optical character recognition companies, and Silicon Valley's only deliberately nonprofit high technology company. Fruchterman co-founded Calera Recognition Systems in 1982. Calera developed character recognition that would allow computers to read virtually all printed text. In 1989, Fruchterman founded Arkenstone, a 501(c)(3) nonprofit social enterprise, to produce reading machines for the disabled community based on the Calera technology. For over a decade, Arkenstone delivered these tools to over 35,000 individuals in 60 countries in 12 languages, helping visually impaired people worldwide to live and work independently. Following the sale of the Arkenstone product line in 2000, Fruchterman used all of the resulting capital to found Benetech, with an explicit goal to use the power of technology to serve humanity. Fruchterman has also been active in public service, with two stints on U.S. federal advisory committees. In 2002, Fruchterman received the Robert S. Bray Award from the American Council of the Blind and was named as a Social Entrepreneur of 2003 by the Schwab Foundation. Fruchterman was also the recipient of the American Library Association's 2003 Francis Joseph Campbell Award. In addition, Fruchterman is a cofounder, director and the chief financial officer for RAF Technology, Inc., America's leading high-end OCR technology company, used by the United States Postal Service to route the mail. Fruchterman believes that technology is the ultimate leveler, allowing disadvantaged people to achieve more equality in society.

Board Chair

Board of Directors

Officers for Fiscal Year

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Highest Paid Employees & Their Compensation

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Evidence of Impact

Expert Comments

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Organizational Strengths

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Areas for Improvement

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From the Nonprofit

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