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CHARITY REVIEW
Issued: December 2024 Expires: December 2026

TechnoServe

Accredited Charity
Accredited Charity

Meets Standards
(202) 785-4515
1777 North Kent Street, Suite 1100
Arlington, VA, 22209
https://www.technoserve.org/
📄 Full Report 🖨️ Print 📋 BBB Charity Standards

Standards For Charity Accountability

Governance

  1. Board Oversight
  2. Board Size
  3. Board Meetings
  4. Board Compensation
  5. Conflict of Interest

Measuring Effectiveness

  1. Effectiveness Policy
  2. Effectiveness Report

Finances

  1. Program Expenses
  2. Fundraising Expenses
  3. Accumulating Funds
  4. Audit Report
  5. Detailed Expense Breakdown
  6. Accurate Expense Reporting
  7. Budget Plan

Fundraising & Info

  1. Truthful Materials
  2. Annual Report
  3. Website Disclosures
  4. Donor Privacy
  5. Cause Marketing Disclosures
  6. Complaints

TechnoServe meets the 20 Standards for Charity Accountability.

Stated Purpose:
"to fight poverty by helping people build regenerative farms, businesses, and markets that increase incomes."

Year, State Incorporated:
1969, NY

TechnoServe reports that it helps people lift themselves out of poverty through agriculture and entrepreneurship development programs that apply business acumen, knowledge of local contexts, and a data-first mindset. The organization works directly with women and men in developing countries, including smallholder farmers, food processors, and small business owners to give them the skills, connections, and confidence to change their lives. In 2023, TechnoServe states that it operated in 35 countries, creating 48,000 jobs. In addition, the organization reports that its entrepreneurship program distributed microloans to 310,707 individuals and its coffee program assisted 150,059 farmers.

For the year ended December 31, 2023, TechnoServe's program expenses were:

Africa: $67,162,232

Latin America and Caribbean: $21,451,284

India: $3,489,740

Global: $6,498,045

Total Program Expenses: $98,601,301

Chief Executive
William Warshauer, President and Chief Executive Officer

Compensation*
$536,265

Chair of the Board
Michael J. Bush

Chair's Profession / Business Affiliation
Managing Member, BIV Investments

Board Size
23

Paid Staff Size
2139

*2023 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.

Note: Co-Chair, Rachel Hines, served as Managing Director at J.P. Morgan.

Method(s) Used:
Television, Grant proposals, Internet, Radio, Special events, Foundation grants, Corporate solicitation

Fundraising costs were 4% of related contributions. (Related contributions, which totaled $116,469,362, are donations received as a result of fundraising activities.)

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.

The following information is based on TechnoServe's audited financial statements for the year ended December 31, 2023.

Source of Funds
U.S. government grants and contracts $39,904,388
Other grants and contracts $67,345,252
Private contributions $7,896,309
In-kind contributions $1,323,413
Other gains, net $227,936
Program income $52,090
Interest income $597,446
Total Income $117,346,834

Programs: 83% Fundraising: 4% Administrative: 13%

Total Income $117,346,834
Total expenses: $118,787,331
  Program expenses $98,601,301
  Fundraising expenses $5,015,350
  Administrative expenses $15,170,680
  Other expenses $0
Income in Excess of Expenses $-1,440,497
Beginning Net Assets $17,234,093
Other Changes In Net Assets $-511,179
Ending Net Assets $15,282,417
Total Liabilities $105,795,703
Total Assets $121,078,120

Note 1: As noted in the above financial section, "other changes in net assets" refers to currency translation adjustments.

Note 2: According to TechnoService's audited financial statements - consolidated - for the year ended December 31, 2023, the organization received $1,323,413 in contributed goods and services including professional services ($1,323,193) and television ($220).

An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the International Association of Better Business Bureaus.

This report is not to be used for fundraising or promotional purposes.

RELATED CONTENT

Report completed by:
BBB Wise Giving Alliance