Hispanic Foundation Of Silicon Valley

Organization Overview

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.

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


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Board, Officers & Key Employees

Name (title)Compensation
Ron Gonzales
President &
$217,857
Clara Roa
Chief Develo
$111,649
Isaura Gaeta
Board Chair
$0
Steven Martinez
Board Treasu
$0
Beatriz Medina Pratt
Vice Chair
$0
Stuardo Robles
2nd Vice Cha
$0

Financial Statements

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

Grants Awarded

Over the last fiscal year, Hispanic Foundation Of Silicon Valley has awarded $73,000 in support to 2 organizations.

Grant RecipientAmount

SILICON VALLEY EDUCATION FOUNDATION

Org PageRecipient Profile

San Jose, CA

PURPOSE: STEM PROGRAMS

$43,000

LATINO LEADERS NETWORK

PURPOSE: CO SPONSOR OF LUNCHEON SERIES

$30,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 18 grants that Hispanic Foundation Of Silicon Valley has recieved totaling $1,157,051.

Awarding OrganizationAmount
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
View Grant Recipient Profile

Peer Organizations

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