Hispanic Foundation Of Silicon Valley is located in San Jose, CA. The organization was established in 1998. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 12/2021, Hispanic Foundation Of Silicon Valley employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hispanic Foundation Of 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 12/2021, Hispanic Foundation Of Silicon Valley generated $2.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.5% each year. All expenses for the organization totaled $2.8m during the year ending 12/2021. 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
INVESTING IN THE HEALTH, EDUCATION & LEADERSHIP OF THE HISPANIC COMMUNITY IN SILICON VALLEY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2011 THE HISPANIC FOUNDATION OF SILICON VALLEY (HFSV) PUBLISHED THE FIRST SILICON VALLEY LATINO REPORT CARD TO BETTER UNDERSTAND LATINOS' LIVELIHOOD IN SILICON VALLEY. THE REPORT RESULTS PROVIDED SUBSTANTIAL DATA, ANALYSIS, AND COMPARISONS ABOUT THE CHALLENGES LATINOS FACE EVERY DAY AND SHARPENED HFSV'S MISSION TO IMPROVE THE QUALITY OF LIFE FOR LATINOS IN SILICON VALLEY THROUGH EDUCATION. IN EARLY 2014, HFSV WENT INTO LATINO NEIGHBORHOODS AND ASKED FAMILIES TO PARTICIPATE IN A SURVEY, A PROJECT THAT GENERATED OVER 2,000 RESPONSES. THE RESULT OF THIS WAS THE VOICES OF CHANGE REPORT PUBLISHED IN LATE 2014. THE REPORT INDICATED THAT 40% OF THE PARTICIPANTS PLACE EDUCATION AS THE MOST IMPORTANT CHALLENGE, AND INCREASING YOUTH PROGRAMS TO PREVENT STUDENT DROPOUTS IS THE SOLUTION. IN 2016, THE HISPANIC FOUNDATION COLLEGE SUCCESS CENTER (HFCSC) WAS DESIGNED FOR LATINX YOUTHS AND PARENTS TO INCREASE EDUCATIONAL OPPORTUNITIES. OUR HFCSC IS A ONE-STOP HUB THAT ENCAPSULATES OUR "CRADLE TO CAREER" COURSE OF ACTION THAT EMPOWERS ELEMENTARY SCHOOL, MIDDLE SCHOOL, HIGH SCHOOL, COLLEGE STUDENTS, AND THEIR PARENTS TO EXCEL THROUGH EDUCATION EFFORTS AND UNDERSTAND THE IMPORTANCE OF A COLLEGE EDUCATION. THE HFCSC HELPS STUDENTS AND PARENTS OBTAIN INFORMATION ON COLLEGE ACCESS, ADVICE, GUIDANCE, WORKSHOPS, AND ONLINE RESOURCES. THE HFCSC IS RUN BY TWO FULL-TIME HFSV STAFF AND AN INTERN FROM SANTA CLARA UNIVERSITY. MELISSA CANELA, EDUCATION PROGRAMS MANAGER, JOINED THE TEAM IN MARCH OF 2020 AND IS RESPONSIBLE FOR OVERSEEING THE HFCSC AND BUILDING COMMUNITY PARTNERSHIPS. KARLA MONDRAGON BECAME EDUCATION PROGRAMS COORDINATOR IN JANUARY 2021. IN HER ROLE, KARLA HANDLES PROGRAM LOGISTICS AND PARTNER COLLABORATIONS WITH CURRENT AND NEW PROGRAMS. CAROLYN VALENCIA JOINED THE HFCSC TEAM AS THE EDUCATION PROGRAMS INTERN IN OCTOBER OF 2020. SHE BROUGHT A NEW LEVEL OF CHARISMA AND ANALYTICAL SKILLS TO THE TEAM WITH HER EDUCATIONAL BACKGROUND IN FINANCE.
THE LATINO BOARD LEADERSHIP ACADEMY TRAINS LATINOS TO VOLUNTEER THEIR TIME IN LEADERSHIP ROLES AS BOARD MEMBERS OF NONPROFITS IN OUR REGION. LESS THAN 3% OF LATINOS SERVE ON NONPROFIT BOARDS IN SILICON VALLEY. WE RECRUIT, TRAIN, AND GUIDE LATINOS TO MAXIMIZE THEIR IMPACT. THIS 10-WEEK ACADEMY TRAINS LATINOS ON HOW TO SERVE IN LEADERSHIP ROLES AS BOARD MEMBERS OF NONPROFITS IN SILICON VALLEY. LBLA ADDRESSES THE LEADERSHIP GAP BY RECRUITING, TRAINING, AND GUIDING LATINOS TO MAXIMIZE THEIR POWER OF GIVING. FELLOWS WILL DEVELOP SKILLS AS A LEADER, INTEGRATE CULTURAL COMPETENCE, AND BE CONNECTED TO A STRONG NETWORK OF PEERS ACROSS SILICON VALLEY. LEADERSHIP DEVELOPMENT PROGRAMS LIKE THE LBLA, ALONGSIDE OUR EDUCATION EXCELLENCE INITIATIVES, ARE VITAL TO ADVANCING AND IMPROVING THE QUALITY OF LIFE FOR THE LATINX COMMUNITY IN SILICON VALLEY.
ALTHOUGH LATINOS REPRESENT 28% OF THE TOTAL POPULATION IN SILICON VALLEY, ONLY 3% ARE IN THE HI-TECH WORKFORCE. WITH 39% OF THE K-12 STUDENT POPULATION IDENTIFIED AS LATINO, WE ANTICIPATE THE CHALLENGE TO CONTINUE TO GROW. THE LATINOS IN TECHNOLOGY SCHOLARSHIP (LITS), ESTABLISHED BY THE HISPANIC FOUNDATION OF SILICON VALLEY IN 2015, IS AVAILABLE TO COLLEGE JUNIORS AND SENIORS IN GOOD STANDING WHO ARE PURSUING A COLLEGE DEGREE IN A STEM- RELATED FIELD. THIS PROGRAM'S GOAL IS TO PROVIDE FINANCIAL SUPPORT TO LATINO STUDENTS TO FACILITATE COLLEGE GRADUATION AND SUPPORT A ROBUST PIPELINE OF LATINO PROFESSIONALS IN STEM. THE SCHOLARSHIP PROVIDES UP TO 10,000 IN ANNUAL FINANCIAL SUPPORT FOR UP TO THREE YEARS. SUCCESSFUL METRICS OF OUR PROGRAM INCLUDE ON-TIME GRADUATION OF ALL SUPPORTED STUDENTS, INTEREST IN STEM-RELATED DEGREES, AND SUCCESSFUL CONVERSION OF HIRES FOR A SIGNIFICANT PERCENTAGE OF SUPPORTED STUDENTS UPON COMPLETION OF THEIR DEGREE.
OTHER PROGRAM SERVICES
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Ron Gonzales President & | Officer | 40 | $217,857 |
Clara Roa Chief Develo | 40 | $111,649 | |
Isaura Gaeta Board Chair | OfficerTrustee | 1 | $0 |
Steven Martinez Board Treasu | OfficerTrustee | 3 | $0 |
Beatriz Medina Pratt Vice Chair | OfficerTrustee | 1 | $0 |
Stuardo Robles 2nd Vice Cha | OfficerTrustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $424,385 |
Related organizations | $0 |
Government grants | $359,774 |
All other contributions, gifts, grants, and similar amounts not included above | $1,654,558 |
Noncash contributions included in lines 1a–1f | $9,000 |
Total Revenue from Contributions, Gifts, Grants & Similar | $2,438,717 |
Total Program Service Revenue | $38,414 |
Investment income | $518 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $2,219 |
Net Income from Fundraising Events | -$21,338 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $2,458,530 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $1,506,161 |
Grants and other assistance to domestic individuals. | $5,178 |
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 | $666,989 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $52,129 |
Payroll taxes | $46,284 |
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 | $375,415 |
Advertising and promotion | $0 |
Office expenses | $7,040 |
Information technology | $60,434 |
Royalties | $0 |
Occupancy | $44,660 |
Travel | $1,507 |
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 | $7,040 |
Insurance | $2,484 |
All other expenses | $2,521 |
Total functional expenses | $2,809,605 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $3,232,659 |
Pledges and grants receivable | $100,000 |
Accounts receivable, net | $100,787 |
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 | $8,791 |
Net Land, buildings, and equipment | $19,080 |
Investments—publicly traded securities | $0 |
Investments—other securities | $5,582 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $7,209 |
Total assets | $3,474,108 |
Accounts payable and accrued expenses | $87,850 |
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 | $87,850 |
Net assets without donor restrictions | $1,588,624 |
Net assets with donor restrictions | $1,797,634 |
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 | $3,474,108 |
Over the last fiscal year, Hispanic Foundation Of Silicon Valley has awarded $73,000 in support to 2 organizations.
Grant Recipient | Amount |
---|---|
San Jose, CA PURPOSE: STEM PROGRAMS | $43,000 |
LATINO LEADERS NETWORK PURPOSE: CO SPONSOR OF LUNCHEON SERIES | $30,000 |
Over the last fiscal year, we have identified 18 grants that Hispanic Foundation Of Silicon Valley has recieved totaling $1,157,051.
Awarding Organization | Amount |
---|---|
Silicon Valley Community Foundation Mountain View, CA PURPOSE: General Nonprofit Support | $500,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $177,202 |
Tides Foundation San Francisco, CA PURPOSE: EQUITY, HUMAN RIGHTS, AND ECONOMIC EMPOWERMENT | $101,000 |
Sobrato Family Foundation Mountain View, CA PURPOSE: SUPPORT FOR THE FOUNDATION'S PROGRAMS THAT SUPPORT COLLEGE ACCESS, PERSISTENCE AND TRANSITION INTO GOOD FIRST JOBS FOR SILICON VALLEY HISPANIC | $100,000 |
Sobrato Family Foundation Mountain View, CA PURPOSE: SUPPORT FOR THE FOUNDATION'S PROGRAMS THAT SUPPORT COLLEGE ACCESS, PERSISTENCE AND TRANSITION INTO GOOD FIRST JOBS FOR SILICON VALLEY HISPANIC | $100,000 |
David And Lucile Packard Foundation Los Altos, CA PURPOSE: LOCAL GRANTMAKING | $30,000 |
Organization Name | Assets | Revenue |
---|---|---|
Making Waves Foundation Inc Richmond, CA | $241,696,341 | $12,436,212 |
Port Of Los Angeles High School San Pedro, CA | $18,161,675 | $15,549,620 |
Uc Hastings Foundation San Francisco, CA | $2,612,244 | $11,589,695 |
The Rogers Foundation Las Vegas, NV | $98,020,626 | $8,861,096 |
Flinn Foundation Phoenix, AZ | $285,130,665 | $13,331,134 |
La Promise Fund Los Angeles, CA | $8,970,074 | $12,859,195 |
Brophy Community Foundation Phoenix, AZ | $21,931,888 | $12,402,402 |
Society Of Hispanic Professional Engineers City Of Industry, CA | $8,652,087 | $11,894,639 |
Oakland Promise Oakland, CA | $69,217,814 | $17,084,213 |
Foundation For Global Sports Development Los Angeles, CA | $28,471,591 | $19,690,244 |
Ressler Gertz Foundation Encino, CA | $41,227,955 | $63,459,065 |
Basic Fund Oakland, CA | $23,987,500 | $9,637,782 |