Breakthrough Silicon Valley
- Assets
- $2.5m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 34
- Location
- San Jose, CA
- Founding
- 04/2009
- Data as of
- 05/2022
- EIN
- 26-2168102
Organization Overview
Breakthrough Silicon Valley is located in San Jose, CA. The organization was established in 2009. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 05/2022, Breakthrough Silicon Valley employed 34 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Breakthrough Silicon Valley 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 05/2022, Breakthrough Silicon Valley generated $2.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $1.9m during the year ending 05/2022. While expenses have increased by 7.8% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PREPARE ACADEMICALLY MOTIVATED STUDENTS WITH LIMITED EDUCATIONAL OPPORTUNITIES FOR SUCCESS IN RIGOROUS COLLEGE-PREPARATORY HIGH SCHOOL PROGRAMS AND ENTRY INTO FOUR-YEAR COLLEGES AND PREPARE HIGH SCHOOL AND COLLEGE STUDENTS TO ENTER CAREERS IN EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HIGH SCHOOL PROGRAM - IN SPRING 2022, 72 BTSV STUDENTS GRADUATED HIGH SCHOOL. 93% ENROLLED INTO FOUR-YEAR UNIVERSITIES, AND THE REMAINDER ENROLLED IN COMMUNITY COLLEGES OR TRADE SCHOOL. IN THE 2021-2022 ACADEMIC YEAR, BTSV'S COLLEGE PATHWAYS INITIATIVE, A SEVENTH YEAR OF PROGRAMMING FOR BTSV GRADUATES IN THEIR FIRST YEAR OF COLLEGE, WAS LAUNCHED. THESE STUDENTS WERE PAIRED WITH 22 PEER MONITORS, $25,000 IN MICROGRANTS WAS DISTRIBUTED, AND PLANNING IS UNDERWAY FOR AN INAUGURAL THREE-DAY RETREAT FOR RISING COLLEGE FRESHMEN.
MIDDLE SCHOOL YEAR-ROUND PROGRAM - BTSV ADAPTED TO MEET A SURGE IN DEMAND FOR TUTORING (PROVIDED IN-PERSON AND VIRTUALLY IN FY2022), AND BTSV GREW TUTORING BY OVER 20% OVER THE PRIOR YEAR. BTSV HAS ALSO ADAPTED THE CONTENT OF TUTORING TO INCLUDE NOT JUST ACADEMIC SUBJECTS, BUT SKILLS LIKE ORGANIZATION, PRIORITIZATION, AND STUDY SKILLS.WHICH ARE NEEDED EVEN MORE IN DISTANCE LEARNING.DIVERSITY, EQUITY, AND INCLUSION (DEI) WERE PRIORITIES FOR BTSV IN FY2022. BTSV ENGAGED A DEI FACILITATOR TO LEAD TRAININGS WITH STAFF AND BOARD AND TO SUPPORT THE CREATION OF AN ORGANIZATION-WIDE SET OF GUIDING PRINCIPLES FOR BTSV'S DEI WORK. BTSV ALSO INCREASED DEI]FOCUSED TRAINING IN SUMMER TEACHING FELLOWS.
MIDDLE SCHOOL SUMMER PROGRAM - IN SUMMER 2021, BTSV DELIVERED A FOUR-WEEK PROGRAM FOR BTSV'S RISING 7TH, 8TH, AND 9TH GRADERS. SOME 7TH AND 8TH GRADE FAMILIES OPTED INTO A FULLY IN-PERSON PROGRAM, WHILE OUR OTHER MIDDLE SCHOOLERS AND 9TH GRADERS ATTENDED CLASSES VIRTUALLY, WITH OPTIONAL IN-PERSON COMMUNITY-BUILDING DAYS TAKING PLACE ONCE PER WEEK. BTSV SERVED 200+ STUDENTS, TAUGHT BY 39 TEACHING FELLOWS, PROVIDING INSTRUCTION IN MATH, LITERATURE, SCIENCE (MIDDLE SCHOOL), AND "HIGH SCHOOL PREP" (9TH GRADE).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Hiester Executive Director | Officer | 40 | $147,353 |
Kit Yip Fong Senior Director Of Program | 40 | $111,299 | |
Mark Asher Treasurer | Trustee | 3 | $0 |
Ellen Lintz Dempsey Chair | Trustee | 3 | $0 |
Courtney Monk Secretary | Trustee | 3 | $0 |
Christine Kennedy Vice Chair | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $699,266 |
| Related organizations | $0 |
| Government grants | $216,308 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,181,593 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,097,167 |
| Total Program Service Revenue | $24,000 |
| Investment income | $4,232 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,125,399 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $21,060 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $159,900 |
| Compensation of current officers, directors, key employees. | $31,980 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,003,796 |
| Pension plan accruals and contributions | $17,085 |
| Other employee benefits | $86,203 |
| Payroll taxes | $90,802 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $35,063 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $63,451 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $84,795 |
| Advertising and promotion | $4,623 |
| Office expenses | $40,969 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $27,303 |
| All other expenses | $34,885 |
| Total functional expenses | $1,903,275 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,446,916 |
| Savings and temporary cash investments | $855,747 |
| Pledges and grants receivable | $190,141 |
| 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 | $31,137 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,523,941 |
| Accounts payable and accrued expenses | $145,787 |
| 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 | $145,787 |
| Net assets without donor restrictions | $2,021,014 |
| Net assets with donor restrictions | $357,140 |
| 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 | $2,523,941 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Breakthrough Silicon Valley has recieved totaling $200.
| Awarding Organization | Amount |
|---|---|
Elkind Family Foundation Palo Alto, CA PURPOSE: B25CONT:EDUCATIONAL | $200 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Live Oak A Learning Center For Children San Francisco, CA | $40,489,721 | $19,594,406 |
Biocomx Dana Point, CA | $308,692 | $15,969,949 |
Open Up Resources Menlo Park, CA | $29,661,554 | $16,279,319 |
Teach-Org Inc San Francisco, CA | $5,801,007 | $13,162,873 |
The Reason Foundation Los Angeles, CA | $15,187,245 | $16,170,727 |
San Francisco Study Center Inc San Francisco, CA | $5,230,719 | $12,852,895 |
Hoffman Institute Foundation San Rafael, CA | $2,301,194 | $11,907,757 |
Legacy Traditional School Maricopa Chandler, AZ | $18,281,409 | $11,917,984 |
Cambiar Education San Diego, CA | $11,761,927 | $15,993,046 |
Associated Students Of California State University Chico Chico, CA | $29,452,040 | $13,695,718 |
Todays Fresh Start Los Angeles, CA | $38,805,224 | $12,503,064 |
Agape Fresno, CA | $5,383,451 | $10,431,263 |