Hispanic Foundation Of Silicon Valley
- Assets
- $5.5m
- Revenue
- $3.3m
- Investments
- $777.8k
- Employees
- 9
- Location
- San Jose, CA
- Founding
- 08/1998
- Data as of
- 12/2022
- EIN
- 77-0481921
Organization Overview
Hispanic Foundation Of Silicon Valley is located in San Jose, CA. The organization was established in 1998. According to its NTEE Classification (S99) the organization is classified as: Community Improvement & Capacity Building N.E.C., under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Hispanic Foundation Of Silicon Valley employed 9 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 12/2022, Hispanic Foundation Of Silicon Valley generated $3.3m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 12.5% each year . All expenses for the organization totaled $1.7m during the year ending 12/2022. While expenses have increased by 13.1% per year over the past 8 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
INVESTING IN THE HEALTH, EDUCATION & LEADERSHIP OF THE HISPANIC COMMUNITY IN SILICON VALLEY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAM 1: HISPANIC FOUNDATION COLLEGE SUCCESS CENTERTHE HFCSP'S PRIMARY OBJECTIVES ARE TO CONTRIBUTE TO HIGHER HIGH SCHOOL GRADUATION RATES; IMPROVE COLLEGE READINESS, INCREASE STUDENT AND PARENT KNOWLEDGE ABOUT THE COLLEGE JOURNEY, GROWING NUMBERS OF STUDENTS ATTENDING COLLEGE; INCREASE COLLEGE GRADUATION RATES, AND INCREASE THE NUMBER OF LATINOS EMPLOYED IN THE HIGH TECH INDUSTRY.THE HISPANIC FOUNDATION COLLEGE SUCCESS CENTER (HFCSC), A HUB DESIGNED FOR LATINO YOUTHS AND PARENTS TO INCREASE EDUCATIONAL OPPORTUNITIES WAS OPENED (THE FIRST OF ITS KIND IN THE REGION). A ONE-STOP HUB THAT ENCAPSULATES OUR "CRADLE TO CAREER" COURSE OF ACTION EMPOWERING MIDDLE SCHOOL, HIGH SCHOOL, AND COLLEGE STUDENTS AND THEIR PARENTS TO EXCEL THROUGH EDUCATION EFFORTS. HFSC HELPS BOTH STUDENTS AND PARENTS OBTAIN INFORMATION ON COLLEGE ACCESS, ADVICE, GUIDANCE, WORKSHOPS, AND ONLINE RESOURCES."
PROGRAM 2: LATINOS IN TECHONOLOGY SCHOLARSHIPTHE LATINOS IN TECHNOLOGY SCHOLARSHIP SUPPORTS LATINO COLLEGE STUDENTS IN 3 WAYS:FINANCIAL: WE FINANCIALLY SUPPORT THIRD AND FOURTH-YEAR LATINO STUDENTS WHO HAVE DECLARED A MAJOR IN A STEM-RELATED FIELD AT A 4-YEAR UNIVERSITY WITH SCHOLARSHIPS RENEWABLE FOR UP TO THREE YEARS.PROFESSIONAL DEVELOPMENT: ALL OF OUR LATINOS IN TECHNOLOGY SCHOLARS HAVE THE OPPORTUNITY TO PARTICIPATE IN OUR CAREER LAUNCH ACADEMY AND CONEXIONES MENTORSHIP PROGRAM TO DEVELOP THEMSELVES AS YOUNG PROFESSIONALS.INTERNSHIPS: WE ACTIVELY WORK TO PIPELINE OUR SCHOLARS INTO SUMMER INTERNSHIP PROGRAMS WITH OUR INVESTORS."
PROGRAM 3: LATINO BOARD LEADERSHIP ACADEMYCURRENTLY, FEWER THAN 3% OF LATINOS SERVE ON NONPROFIT BOARDS IN SILICON VALLEY. WE SEE THAT AS AN URGENT CALL TO ACTION. OUR LATINO BOARD LEADERSHIP ACADEMY RECRUITS, TRAINS, AND GUIDES LATINOS TO SERVE ON LOCAL BOARDSAN ESSENTIAL STEP TO ENSURING THAT INVALUABLE AND UNDERREPRESENTED VOICES ARE HEARD.LBLA IS A 10-WEEK HYBRID PROGRAM WHERE PARTICIPANTS WILL LEARN THE FOUNDATIONAL SKILLS NEEDED TO SUCCEED AS A NONPROFIT BOARD MEMBER.PARTICIPANTS WILL LEARN ABOUT VARIOUS NONPROFIT ORGANIZATIONS SEEKING TO DIVERSIFY AND ENHANCE THE REPRESENTATION OF THE COMMUNITY ON THEIR BOARD.PARTICPANTS WILL JOIN A NETWORK OF OVER 600 COMMITTED FELLOWS AND WILL HAVE THE OPPORTUNITY TO PARTICIPATE IN ALUMNI EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Isaura Gaeta Board Chair | OfficerTrustee | 1 | $0 |
Beatriz Medina Pratt Vice Chair | OfficerTrustee | 0.5 | $0 |
Stuardo Robles 2nd Vice Chair | OfficerTrustee | 0.5 | $0 |
Steven Martinez Board Treasurer | OfficerTrustee | 0.5 | $0 |
Stephen Adams Board Member | Trustee | 0.5 | $0 |
Michael Alvarez Board Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $585,029 |
| Related organizations | $0 |
| Government grants | $393,936 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,434,843 |
| Noncash contributions included in lines 1a–1f | $7,206 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,413,808 |
| Total Program Service Revenue | $31,867 |
| Investment income | $16,839 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$34,813 |
| Net Income from Fundraising Events | -$88,862 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,338,839 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $48,975 |
| Grants and other assistance to domestic individuals. | $79,666 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $366,571 |
| Compensation of current officers, directors, key employees. | $47,654 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $363,934 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $58,553 |
| Payroll taxes | $52,076 |
| 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 | $0 |
| Advertising and promotion | $8,067 |
| Office expenses | $20,234 |
| Information technology | $14,300 |
| Royalties | $0 |
| Occupancy | $79,271 |
| Travel | $4,561 |
| 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 | $17,950 |
| Insurance | $3,466 |
| All other expenses | $57,502 |
| Total functional expenses | $1,680,071 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $29,249 |
| Savings and temporary cash investments | $4,176,503 |
| Pledges and grants receivable | $17,500 |
| Accounts receivable, net | $68,750 |
| 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 | $12,154 |
| Net Land, buildings, and equipment | $19,415 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $777,788 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $366,817 |
| Total assets | $5,468,176 |
| Accounts payable and accrued expenses | $52,185 |
| 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 | $370,966 |
| Total liabilities | $423,151 |
| Net assets without donor restrictions | $1,948,639 |
| Net assets with donor restrictions | $3,096,386 |
| 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 | $5,468,176 |
Grants Awarded
Over the last fiscal year, Hispanic Foundation Of Silicon Valley has awarded $73,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
LATINO LEADERS NETWORK PURPOSE: CO SPONSOR OF LUNCHEON SERIES | $30,000 |
SILICON VALLEY EDUCATION FOUNDATION PURPOSE: STEM PROGRAMS | $43,000 |