Silicon Valley Academy Project is located in Sunnyvale, CA. The organization was established in 2006. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, 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. Silicon Valley Academy Project 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 06/2022, Silicon Valley Academy Project generated $1.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $1.3m during the year ending 06/2022. While expenses have increased by 1.5% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SILICON VALLEY ACADEMY'S MISSION IS TO EMPOWER STUDENTS TO MEET THEIR HIGHEST POTENTIAL, NURTURE THEIR SOCIAL-EMOTIONAL GROWTH, AND FOSTER THEIR COMMITMENT TO SERVE SOCIETY. AS A FULL-TIME PRE-KINDERGARTEN THROUGH 8TH GRADE SCHOOL, SILICON VALLEY ACADEMY PROVIDES A HIGH-QUALITY ELEMENTARY AND SECONDARY EDUCATION TO LOCAL YOUTH BY OFFERING STANDARDS-BASED, CULTURALLY RELEVANT CURRICULUM, PROFESSIONAL DEVELOPMENT OPPORTUNITIES FOR TEACHERS AND STAFF, AND COMMUNITY OUTREACH PROGRAMS. ADDITIONALLY, SILICON VALLEY ACADEMY PROUDLY SERVES A SOCIO-ECONOMICALLY DIVERSE STUDENT BODY OFFERING TUITION ASSISTANCE AND SCHOLARSHIPS TO STUDENTS IN NEED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SILICON VALLEY ACADEMY CONTINUED TO FULFILL IT'S MISSION TO EMPOWER STUDENTS TO MEET THEIR HIGHEST POTENTIAL, NURTURE THEIR SOCIAL-EMOTIONAL GROWTH, AND FOSTER THEIR COMMITMENT TO SERVE SOCIETY WHILE SUCCESSFULLY AND SAFELY TRANSITIONING BACK TO FULL-TIME, IN-PERSON LEARNING. THE HEALTH AND SAFETY OF STUDENTS AND STAFF WAS A TOP PRIORITY DURING THE TRANSITION TO IN-PERSON LEARNING. SVA PROVIDED ON-SITE WEEKLY COVID-19 TESTING FOR STUDENTS AND STAFF, AS WELL AS AT-HOME TESTING KITS FOR STUDENT FAMILIES. SVA'S SCHOOL PRINCIPAL TOOK ON THE ROLE OF COVID-19 DESIGNEE AND WORKED CLOSELY WITH THE SANTA CLARA DEPARTMENT OF HEALTH, THE CALIFORNIA DEPARTMENT OF PUBLIC HEALTH, AND THE SANTA CLARA DEPARTMENT OF EDUCATION ATTENDING WEEKLY MEETINGS TO ENSURE SVA WAS FOLLOWING RECOMMENDED GUIDELINES AS THE SITUATION RAPIDLY EVOLVED OVER THE SCHOOL YEAR. THE 2021-2022 SCHOOL YEAR MARKED THE FIRST YEAR AT THE SCHOOL'S NEW, LARGER CAMPUS, OFFERING MORE CLASSROOMS, A DESIGNATED SCIENCE LAB AND MAKERSPACE, AND A FULL-SIZE GYM. WITH THE TRANSITION TO THE LARGER CAMPUS, SVA INCREASED ITS STUDENT BODY 35%, FROM 110 STUDENTS IN 2020-2021 TO 150 STUDENTS IN 2021-2022 AND HAS CONTINUED THIS GROWTH TREND INTO THE 2022-2023 SCHOOL YEAR. WITH THE NEW SCIENCE LAB AND MAKERSPACE, SVA IS ABLE TO PROVIDE STUDENTS OPPORTUNITIES TO WORK WITH 3-D PRINTERS, ROBOTICS KITS AND OTHER TOOLS TO DEVELOP A WIDE-RANGE OF SKILLSETS AND SPARK STUDENTS' INNOVATIVE CURIOSITY. FINALLY, SVA PARTNERED WITH LOCAL ORGANIZATIONS TO EXPAND ITS OFFERING OF AFTERSCHOOL ENRICHMENT PROGRAMMING (SUCH AS COOKING CLUB AND ROBOTICS CLUB) AND AFTERSCHOOL ATHLETIC PROGRAMMING (SUCH AS BASKETBALL AND SOCCER TEAMS). ADDITIONALLY, SILICON VALLEY ACADEMY CONTINUED TO SERVE A SOCIO-ECONOMICALLY DIVERSE STUDENT BODY OFFERING TUITION ASSISTANCE TO STUDENTS IN NEED. TO FURTHER SUPPORT FAMILIES IN NEED, SVA CONTINUED ITS PARTNERSHIP WITH OTHER LOCAL NON-PROFIT ORGANIZATIONS, SUCH AS RAHIMA FOUNDATION, TO ENSURE EQUITABLE ACCESS TO SVA'S TOP TIER EDUCATION TO ALL FAMILIES INTERESTED.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Deniz Dogruer Treasurer | OfficerTrustee | 5 | $0 |
Imran Shafi Secretary | Officer | 5 | $0 |
Rashid Hussain Trustee | Officer | 5 | $0 |
Zeba Huq President | Trustee | 5 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $13,688 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $339,324 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $353,012 |
Total Program Service Revenue | $1,205,085 |
Investment income | $2,597 |
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 | $1,560,694 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
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 | $707,842 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $86,923 |
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 | $34 |
Office expenses | $1,945 |
Information technology | $2,561 |
Royalties | $0 |
Occupancy | $352,345 |
Travel | $0 |
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 | $0 |
Insurance | $46,233 |
All other expenses | $3,618 |
Total functional expenses | $1,285,609 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $807,746 |
Savings and temporary cash investments | $585,514 |
Pledges and grants receivable | $0 |
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 | $41 |
Net Land, buildings, and equipment | $39,682 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $1,432,983 |
Accounts payable and accrued expenses | $0 |
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 | $150,227 |
Total liabilities | $150,227 |
Net assets without donor restrictions | $1,282,756 |
Net assets with donor restrictions | $0 |
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 | $1,432,983 |
Over the last fiscal year, we have identified 3 grants that Silicon Valley Academy Project has recieved totaling $70,204.
Awarding Organization | Amount |
---|---|
Paypal Charitable Giving Fund Washington, DC PURPOSE: General Support | $61,060 |
American Muslim Community Foundation Fremont, CA PURPOSE: FOR GENERAL PHILANTHROPY, RELIGIOUSLY MANDATED ALMSGIVING AND COMMUNITY POOLED FUNDING. | $9,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $144 |
Organization Name | Assets | Revenue |
---|---|---|
Synergy Academies Los Angeles, CA | $22,403,920 | $21,618,793 |
San Diego Jewish Academy San Diego, CA | $60,657,178 | $18,702,706 |
Curtis School Foundation Los Angeles, CA | $75,927,733 | $19,348,920 |
Excel Academy Charter Schools San Marcos, CA | $11,403,735 | $18,058,297 |
Le Lycee Francais De Los Angeles Los Angeles, CA | $97,517,378 | $23,043,510 |
Oregonians For Online Education Inc Scio, OR | $4,402,348 | $19,081,202 |
Willows Community School Culver City, CA | $69,044,375 | $19,353,304 |
Head Start Of Lane County Springfield, OR | $2,527,429 | $16,579,600 |
Hawking Steam Charter Schools Inc Chula Vista, CA | $87,803,315 | $18,115,527 |
Stem Preparatory Schools Inc Los Angeles, CA | $15,250,781 | $22,306,511 |
San Jacinto Valley Academy Inc San Jacinto, CA | $34,100,540 | $18,923,540 |
Delphi Schools Inc Sheridan, OR | $68,746,624 | $17,868,394 |