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Top Rated


CharityWatch report issued
March 2019

Top-Rated Charity
CharityWatch Grade
Our independent grade based
on a number of factors.
Program Percentage
Amount spent on programs
relative to overhead.
Cost to Raise $100
Amount spent to raise
$100 of contributions.

Contact Information

1777 North Kent Street
Suite 1100
Arlington, VA 22209

Other Names


Tax Status


Stated Mission

Helps enterprising men & women in poor areas of the developing world come out of poverty.

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Data based on Fiscal Year Ended 12/31/2017

Program Percentage: 82%

The percentage of TechnoServe's cash budget it spends on programs relative to overhead (fundraising, management, and general expenses).


Calculated Total Expenses



Cost to Raise $100: $3

How many dollars TechnoServe spends on fundraising to raise each $100 of contributions.


Calculated Total Contributions


Government Funding

0% to 24%

Percentage of cash revenue
coming from government sources


Financial Documents

Entity Document Type Tax ID
TechnoServe Audited Consolidated Financial Statements 13-2626135
TechnoServe IRS Form 990 13-2626135
Entity: TechnoServe
Document Type: Audited Consolidated Financial Statements
Tax ID: 13-2626135
Entity: TechnoServe
Document Type: IRS Form 990
Tax ID: 13-2626135

Governance & Transparency

CharityWatch evaluates certain criteria related to a charity's Governance and Transparency. Donors may want to consider a charity's willingness to be open and transparent with CharityWatch to be a good litmus test for determining its commitment to public accountability.
This charity is Top-Rated
What does it mean to be Top-Rated?
meets governance benchmarks.
meets transparency benchmarks.
Provides Financial Information
Audit Accessibility
Governance: Policies
Reports regularly & consistently monitoring & enforcing compliance with a written Conflict of Interest Policy
Reports required, annual disclosure by officers, directors, and key staff of interests that could give rise to conflicts
Reports having a written Whistleblower Policy
Reports having a written Document Retention and Destruction Policy
Governance: Financials
Reports providing copy of tax form to all board members prior to filing it with IRS
Reports that financial statements were audited by an independent accountant
Governance: Board of Directors
Reports at least 5 voting board members
51% or more of voting board members reported as independent
Reports documenting minutes of board and board committee meetings
Privacy Policy
Privacy Policy Opt-Out Policy  

  Name Title Compensation
1 William Warshauer President/CEO $418,871
2 Chris Donohue Deputy Regional Director, East Africa $386,619
3 Timothy McLellan COO $329,906
Name: William Warshauer
Title: President/CEO
Compensation: $418,871
Name: Chris Donohue
Title: Deputy Regional Director, East Africa
Compensation: $386,619
Name: Timothy McLellan
Title: COO
Compensation: $329,906

CharityWatch Analysts perform an in-depth analysis of charities' audited financial statements and IRS tax filings, and often review other documents such as state filings, annual reports, and fundraising contracts during their evaluations. Below are select notes that CharityWatch believes may be of interest to donors.
CharityWatch's rating of TechnoServe includes the financial activities of the entities consolidated in the TechnoServe audited financial statements for the fiscal year ended 12/31/2017.

According to the TechnoServe 2017 consolidated audit (Note 1):

"The [audited] consolidated financial statements of TechnoServe include the accounts for TechnoServe headquarters, all TechnoServe field offices and Community Enterprise Development and Investment Trust Fund (CEDI), locally registered in Ghana. All inter-entity transactions have been eliminated in consolidation."

Also according to audit Note 1: "...TechnoServe's operations are conducted primarily in Africa and Latin America with the support of U.S. offices located in Norwalk, Connecticut and Washington, D.C."
According to the TechnoServe audited Consolidated Statement of Activities for the year ended December 31, 2017, TechnoServe received contributed services and in-kind donations on which it placed a total value of $1,272,029.

[Note: CharityWatch generally excludes the value of in-kind (non-cash) donations of goods and services from its calculations of Program % and Cost to Raise $100. More information on how grades are calculated and the treatment of in-kind donations can be found on the Our Process page.]
According to the TechnoServe consolidated audit of December 31, 2017 (Note 1, Concentration of risk):

"... [A]s of December 31, 2017, approximately 27% of TechnoServe's cash and cash equivalents are denominated in foreign currency amounts and subject to currency fluctuations."
According to the TechnoServe consolidated audit of December 31, 2017 (Note 8, Contingencies):

"TechnoServe's India project had an audit of a program for the period April 1, 2016 to March 31, 2017. The preliminary audit report has indicated questioned costs of approximately $750,000. Management believes their response to the report and additional support provided on the costs will result in no significant questioned costs on this project."
According to the TechnoServe consolidated audit of December 31, 2017 (Note 9, Conditional Contributions):

"As of December 31, 2017, TechnoServe has $77,900,976 of cash to be collected on conditional pledges. This amount is not recognized in the accompanying [audited] consolidated financial statements as such contributions are payable over a four-year period, conditional upon the successful management of TechnoServe based on a number of milestones and the future discretion of the donor."

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