Semi Foundation
- Assets
- $5.6m
- Revenue
- $319.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Milpitas, CA
- Founding
- 07/2003
- Data as of
- 12/2021
- EIN
- 30-0155873
Organization Overview
Semi Foundation is located in Milpitas, CA. The organization was established in 2003. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Semi 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, Semi Foundation generated $319.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.0% each year. All expenses for the organization totaled $882.8k during the year ending 12/2021. While expenses have increased by 11.8% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE SEMI FOUNDATION IS TO SUPPORT ECONOMIC OPPORTUNITY FOR WORKERS AND THE SUSTAINED GROWTH OF THE MICROELECTRONICS INDUSTRY.WE ACCOMPLISH THIS THROUGH CREATING PATHWAYS AND OPPORTUNITIES FOR JOB SEEKERS, AND TOOLS AND SYSTEMS FOR SEMICONDUCTOR COMPANIES TO ATTRACT, DEVELOP, AND RETAIN A DIVERSE, INNOVATIVE, AND SKILLED WORKFORCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE OSINCE ITS INCEPTION, THE SEMI FOUNDATION HAS SPONSORED SEMI HIGH TECH U (HTU), AN INTERACTIVE EDUCATIONAL PROGRAM DESIGNED TO EXCITE HIGH SCHOOL STUDENTS ABOUT SCIENCE, TECHNOLOGY, ENGINEERING, AND MATH (STEM) AND EXPOSE THEM TO POTENTIAL CAREER OPPORTUNITIES IN THE HIGH TECH INDUSTRY. BY THE END OF 2021, THE SEMI FOUNDATION DELIVERED A TOTAL OF 258 HTU PROGRAMS IN THE UNITED STATES, AUSTRIA, FRANCE, INDIA, JAPAN, KOREA, THE NETHERLANDS, SINGAPORE, SOUTHEAST ASIA, AND TAIWAN. THE PROGRAM HAS REACHED OVER 8,000 STUDENTS AND TEACHERS.
SEE SCHEDULE OTHE PANDEMIC EXACERBATED THE STEM WORKFORCE CRISIS AND CHIP SHORTAGE WORLDWIDE. TO HELP ATTRACT CANDIDATES AND HELP DEVELOP A GLOBAL WORKFORCE TO SUSTAIN INDUSTRY INNOVATION AND GROWTH, THE SEMI FOUNDATION CONTINUES TO FOCUS ON GLOBAL INITIATIVES THAT SUPPORT WORKFORCE DEVELOPMENT AND DIVERSITY, EQUITY, AND INCLUSION (DEI) IN THE INDUSTRY. ONE OF THE LARGEST INITIATIVES IS THE INDUSTRY IMAGE AND AWARENESS CAMPAIGN TO RAISE THE VISIBILITY OF THIS CRUCIAL INDUSTRY. THE INITIATIVE INCLUDES A NATIONAL MEDIA CAMPAIGN TO INSPIRE STUDENTS AND ADULTS TO JOIN THE MICROELECTRONICS INDUSTRY, AS WELL AS AN ONLINE CAREER EXPLORATION PORTAL TO HELP STUDENTS AND JOB-SEEKERS FIND EDUCATIONAL PATHWAYS AND CONNECTIONS TO EMPLOYERS. THE SEMI FOUNDATION HAS ALSO LAUNCHED NUMEROUS ADDITIONAL PROGRAMS TO SUPPORT THE WORKFORCE PIPELINE FOR THE SEMICONDUCTOR INDUSTRY, INCLUDING A MENTORING PROGRAM FOR INDUSTRY PROFESSIONALS TO CONNECT WITH STUDENTS, A VETWORKS INITIATIVE THAT AIMS TO RECRUIT MILITARY VETERANS TRANSITIONING INTO CIVILIAN LIFE, AND CONSISTENT INDUSTRY EVENTS ON WORKFORCE DEVELOPMENT AND DEI TOPICS. SEMI FOUNDATION ALSO SUPPORTS SUPPLIERS AND COMPANIES WITH DIVERSE OWNERSHIP, SPONSORS AN INCLUSIVE INDUSTRY RECOGNITION AWARD, AND CREATED A DEI ROADMAP AND TOOLKIT TO SHARE INDUSTRY BEST PRACTICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ajit Manocha Chairman, Pres & CEO | OfficerTrustee | 4 | $0 |
Kevin Bauer From 33121 CFO | Officer | 2 | $0 |
Richard J Salsman To 33121 CFO & Treasurer | Officer | 2 | $0 |
Katy Crist Trustee | Trustee | 1 | $0 |
Jonathan Davis Trustee | Trustee | 1 | $0 |
Dan Durn Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Semi Management | 12/30/21 | $717,457 |
Council For Adult And Experiential Learn Consulting | 12/30/21 | $250,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $311,235 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $311,235 |
| Total Program Service Revenue | $0 |
| Investment income | $8,277 |
| 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 | $319,512 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,600 |
| Grants and other assistance to Foreign Orgs/Individuals | $10,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $717,457 |
| Fees for services: Legal | $5,081 |
| Fees for services: Accounting | $8,636 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $67,946 |
| Advertising and promotion | $0 |
| Office expenses | $195 |
| Information technology | $58,686 |
| Royalties | $0 |
| Occupancy | $2,463 |
| Travel | $5,273 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $385 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,084 |
| All other expenses | $0 |
| Total functional expenses | $882,806 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,442,873 |
| Pledges and grants receivable | $181,200 |
| 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 | $18,292 |
| 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 | $5,642,365 |
| Accounts payable and accrued expenses | $56,515 |
| 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 | $570,423 |
| Total liabilities | $626,938 |
| Net assets without donor restrictions | $4,835,427 |
| Net assets with donor restrictions | $180,000 |
| 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 | $5,642,365 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Semi Foundation has recieved totaling $80,000.
| Awarding Organization | Amount |
|---|---|
Kla-Tencor Foundation Milpitas, CA PURPOSE: 2021 SUPPORT | $50,000 |
Silicon Valley Community Foundation Mountain View, CA PURPOSE: Education | $20,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kipp Foundation San Francisco, CA | $136,274,072 | $130,699,963 |
The Chicago School - California Inc Los Angeles, CA | $127,785,110 | $98,235,232 |
Social Good Fund Richmond, CA | $64,387,201 | $85,650,973 |
Avid Center San Diego, CA | $134,506,037 | $61,146,519 |
Khan Academy Inc Mountain View, CA | $115,035,528 | $59,263,743 |
California School Employees Association San Jose, CA | $160,720,307 | $80,296,309 |
Prager University Foundation Sherman Oaks, CA | $86,724,321 | $65,499,557 |
The Oakland Public Education Fund Oakland, CA | $29,835,630 | $28,210,005 |
Unicare Community Health Center Inc Ontario, CA | $12,734,998 | $31,780,162 |
Spectrum Healthcare Group Inc Cottonwood, AZ | $17,862,058 | $29,292,227 |
University Studies Abroad Consortium Reno, NV | $41,233,258 | $28,044,577 |
Califa Group San Francisco, CA | $13,975,341 | $20,958,873 |