Silicon Valley Rising Action
- Assets
- $1.1m
- Revenue
- $373.0k
- Investments
- $0.0
- Employees
- 0
- Location
- San Jose, CA
- Founding
- Data as of
- 12/2022
- EIN
- 47-4979642
Organization Overview
Silicon Valley Rising Action is located in San Jose, CA. Silicon Valley Rising Action is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2022, Silicon Valley Rising Action generated $373.0k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $807.2k during the year ending 12/2022. 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
SILICON VALLEY RISING ACTION TAKES ON OCCUPATIONAL SEGREGATION AND INCOME INEQUALITY WITH A COMPREHENSIVE CAMPAIGN TO RAISE WAGES, CREATE AFFORDABLE HOUSING, AND BUILD A TECH ECONOMY THAT WORKS FOR EVERYONE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SILICON VALLEY RISING ACTION SUCCESSFULLY ENGAGED TENS OF THOUSANDS OF VOTERS, CONTACTING VIA PHONE, DOORS, AND SOCIAL MEDIA ON ISSUES OF TAX EQUITY, HOUSING JUSTICE, AND ECONOMIC JUSTICE, AND IS BUILDING A GRASSROOTS BASE OF WORKING CLASS AND PEOPLE OF COLOR COMMITTED TO A JUST, INCLUSIVE ECONOMY FOR ALL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sal Ventura President | OfficerTrustee | 1 | $0 |
Derecka Mehrens Treasurer | OfficerTrustee | 5 | $0 |
Jean Cohen Secretary | OfficerTrustee | 1 | $0 |
Elly Matsumura Director | Trustee | 1 | $0 |
Salvador Bustamante Director | Trustee | 1 | $0 |
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 | $305,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $305,000 |
| Total Program Service Revenue | $67,982 |
| Investment income | $0 |
| 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 | $372,982 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $77,500 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| 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 | $395,201 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $57,102 |
| Payroll taxes | $36,195 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,352 |
| Fees for services: Accounting | $8,955 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $163,034 |
| Advertising and promotion | $0 |
| Office expenses | $2,207 |
| Information technology | $19,773 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,265 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $400 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,833 |
| All other expenses | $0 |
| Total functional expenses | $807,190 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $843,072 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $200,000 |
| 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 | $10,230 |
| 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 | $1,053,302 |
| Accounts payable and accrued expenses | $85,321 |
| 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 | $85,321 |
| Net assets without donor restrictions | $671,558 |
| Net assets with donor restrictions | $296,423 |
| 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 | $1,053,302 |
Grants Awarded
Over the last fiscal year, Silicon Valley Rising Action has awarded $215,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
SCHOOLS & COMMUNITIES FIRST PURPOSE: Schools &Communities First Exec Com | $25,000 |
SVRA ISSUES COMMITTEE PURPOSE: General support | $140,000 |
SVRA NO ON PROP 22 PURPOSE: No on Prop 22 | $50,000 |