Silicon Valley Education Foundation
- Assets
- $5.0m
- Revenue
- $7.1m
- Investments
- $0.0
- Employees
- 449
- Location
- San Jose, CA
- Founding
- 09/2007
- Data as of
- 12/2021
- EIN
- 20-5061316
Organization Overview
Silicon Valley Education Foundation is located in San Jose, CA. The organization was established in 2007. According to its NTEE Classification (S99) the organization is classified as: Community Improvement & Capacity Building N.E.C., under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Silicon Valley Education Foundation employed 449 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Silicon Valley Education Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Silicon Valley Education Foundation generated $7.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $6.8m during the year ending 12/2021. While expenses have increased by 2.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SILICON VALLEY EDUCATION FOUNDATION (SVEF) FOCUSES ON RAISING STUDENT PERFORMANCE IN THE CRITICAL AREAS OF MATH AND SCIENCE ACROSS ALL 33 SANTA CLARA COUNTY SCHOOL DISTRICTS. OUR GOAL IS TO BE THE LEADING ADVOCATE FOR PUBLIC EDUCATION IN THE REGION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ELEVATE [MATH] - IS A SUMMER INTERVENTION PROGRAM DESIGNED TO ELEVATE STUDENT ACHIEVEMENT IN MATH. THIS PROGRAM FRONT-LOADS CURRICULUM DESIGNED TO ALIGN WITH STUDENTS NEXT YEAR COMMON CORE MATH CLASSES. BY PROVIDING A SUMMER PROGRAM FOCUSED ON BUILDING BOTH MATH SKILLS AND STUDENT CONFIDENCE, ELEVATE [MATH] HELPS PREPARE MORE STUDENTS FOR SUCCESS IN COLLEGE AND CAREERS. ELEVATE [MATH] WAS DEVELOPED DURING THE COVID-19 PANDEMIC AS THE SCHOOL-YEAR OFFERING THAT LEVERAGES THE SUMMER PROGRAM CURRICULUM IN AN ONLINE ENVIRONMENT.
49ERS STEM LEADERSHIP INSTITUTE - THE 49ERS STEM LEADERSHIP INSTITUTE ("SLI") PROVIDES MULTI-YEAR, YEAR-ROUND ACADEMIC SUPPORT, STEM ENRICHMENT, SKILLS TRAINING, AND LEADERSHIP OPPORTUNITIES TO STUDENTS IN MIDDLE AND HIGH SCHOOL. IN THE PROGRAM FROM 7TH THROUGH 12TH GRADE, STUDENTS ENROLL AT CABRILLO MIDDLE SCHOOL AND THEN SANTA CLARA HIGH SCHOOL, WHERE THEY TAKE SLI-SPECIFIC MATH & SCIENCE CLASSES AND THEN AP SEMINAR AND AP RESEARCH THEIR JUNIOR AND SENIOR YEARS, RESPECTIVELY.
EAST SIDE ALLIANCE - THE EAST SIDE ALLIANCE ("ESA") CONSISTS OF EIGHT DISTRICTS: EAST SIDE UNION HIGH SCHOOL DISTRICT AND THE SEVEN ELEMENTARY PARTNER DISTRICTS. WITH PARTNERSHIPS WITH SAN JOSE STATE UNIVERSITY AND EVERGREEN COMMUNITY COLLEGE, SVEF PROVIDES A PRE-K THROUGH 16 ALIGNED SYSTEM. THROUGH THE ESA, SVEF OFFERS:- ACADEMIC PREPARATION, THROUGH OUR CHAMPIONING OF A-G DEFAULT CURRICULUM AND THE SPARTAN EAST SIDE PROMISE.- OUR ASSESSMENT FOR LEARNING PROGRAM OFFERS PROFESSIONAL DEVELOPMENT FOR TEACHERS AND ADMINISTRATORS. THE PROGRAM HIGHLIGHTS PERFORMANCE ASSESSMENTS IN WHICH STUDENTS CARRY OUT TASKS THAT REQUIRE THEM TO SHOW EVIDENCE OF THEIR LEARNING.- FINANCIAL SUPPORT, THROUGH OUR PARTNERSHIP WITH EXCITE CREDIT UNION TO PROVIDE SAVINGS ACCOUNTS TO COLLEGE-GOING SENIORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lisa Andrew CEO | Officer | 40 | $298,130 |
Rosemary Kamei VP Innovation | Officer | 40 | $180,662 |
Chris Carney COO | Officer | 40 | $149,049 |
Denise Williams Cpo | Officer | 40 | $139,656 |
Chris Norwood Chief Strategy | Officer | 40 | $30,577 |
Emmanuel Barbara VP Advocacy | Officer | 2 | $6,570 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $957,810 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,579,001 |
| Noncash contributions included in lines 1a–1f | $299,060 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,536,811 |
| Total Program Service Revenue | $2,560,870 |
| Investment income | $3,692 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,077 |
| Net Income from Fundraising Events | -$45,666 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,057,784 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $28,465 |
| Grants and other assistance to domestic individuals. | $9,678 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $804,643 |
| Compensation of current officers, directors, key employees. | $224,349 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,774,881 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $56,226 |
| Payroll taxes | $394,040 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $881,415 |
| Advertising and promotion | $26,144 |
| Office expenses | $66,078 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $286,062 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,314 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $29,709 |
| Insurance | $221,825 |
| All other expenses | $0 |
| Total functional expenses | $6,835,570 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,470,266 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $544,170 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $15,908 |
| Net Land, buildings, and equipment | $134,005 |
| Investments—publicly traded securities | $1,757,255 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $88,000 |
| Total assets | $5,009,604 |
| Accounts payable and accrued expenses | $376,367 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $376,367 |
| Net assets without donor restrictions | $3,770,678 |
| Net assets with donor restrictions | $862,559 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $5,009,604 |
Grants Awarded
Over the last fiscal year, Silicon Valley Education Foundation has awarded $28,465 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
EAST SIDE UHSD EDUC FOUND PURPOSE: EDUCATION | $21,500 |
SANTA CLARA OFFICE OF EDUC PURPOSE: EDUCATION | $6,965 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Silicon Valley Education Foundation has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
Chizen Family Foundation Los Angeles, CA PURPOSE: UNRESTRICTED | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
County Of Riverside Asset Leasing Corporation Riverside, CA | $424,339,421 | $18,501,020 |
City Of Glendale Municipal Property Corporation Glendale, AZ | $246,934,000 | $15,805,000 |
Downtown San Diego Partnership San Diego, CA | $3,005,866 | $9,913,958 |
El Dorado Community Service Center Santa Clarita, CA | $4,302,253 | $8,147,588 |
Sun City Oro Valley Community Association Inc Oro Valley, AZ | $28,029,235 | $8,742,643 |
Estrella Joint Committee Inc A Non-Profit Corporation Scottsdale, AZ | $5,462,539 | $8,224,629 |
Silicon Valley Education Foundation San Jose, CA | $5,009,604 | $7,057,784 |
Villages At Estrella Mountain Ranch Community Association Scottsdale, AZ | $5,670,197 | $7,276,595 |
Campesinos Unidos Brawley, CA | $3,476,842 | $6,350,880 |
Underground Service Alert Of Southern California Corona, CA | $5,398,227 | $5,936,631 |
River City Food Bank Sacramento, CA | $2,903,146 | $5,371,581 |
Franciscan Care Services Honolulu, HI | $5,391,174 | $3,621,924 |