Silicon Valley Academy Project
- Assets
- $1.6m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Sunnyvale, CA
- Founding
- 10/2006
- Data as of
- 06/2024
- EIN
- 86-1113567
Organization Overview
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 06/2024, Silicon Valley Academy Project generated $2.5m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.8% each year . All expenses for the organization totaled $2.5m during the year ending 06/2024. While expenses have increased by 9.8% 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
2024
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?S VISION IS TO DEVELOP CHILDREN?S LOVE OF LEARNING, SO THEY BECOME LIFELONG LEARNERS AND CONSCIOUSNESS CONTRIBUTING MEMBERS OF SOCIETY. OUR CURRENT PROGRAMS HAVE IMPLEMENTED THE GLAD MODEL (GUIDED LANGUAGE ACQUISITION DESIGN) TO HELP OUR VISION BECOME A REALITY IN THE DAILY LIVES OF OUR STUDENTS. DURING THE 2023 ACADEMIC YEAR, SVA IS PROUD TO HAVE SPONSORED THE EDUCATION OF OVER 10 SOCIALLY DISADVANTAGED CHILDREN. SVA WAS ABLE TO PARTNER WITH DIFFERENT ORGANIZATIONS, SUCH AS RAHIMA FOUNDATION, TO HELP IN THE SUPPORT OF THE SOCIALLY DISADVANTAGED AT OUR SCHOOL. SVA?S STUDENT POPULATION GREW BY ABOUT 20%. AS A RESULT, WE HIRED ADDITIONAL STAFF MEMBERS TO CONTINUE TO OFFER SUPPORT, SCAFFOLDING, AND GUIDANCE TO OUR STUDENTS, INCLUDING THOSE WHO STRUGGLE. FURTHERMORE, SVA IMPLEMENTED A NEW MAKERSPACE CURRICULUM FOR OUR KG-8TH GRADE STUDENTS. LASTLY, SVA EXPANDED ITS AFTER SCHOOL CLUBS AND ATHLETIC LEAGUES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Zeba Huq President | Trustee | 5 | $0 |
Deniz Dogruer Treasurer | OfficerTrustee | 5 | $0 |
Rashid Hussain Trustee | Officer | 5 | $0 |
Imran Shafi Secretary | Officer | 5 | $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 | $299,039 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $299,039 |
| Total Program Service Revenue | $2,171,380 |
| Investment income | $3,281 |
| 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 | $2,473,700 |
| 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 | $1,292,778 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $75,599 |
| Payroll taxes | $92,619 |
| 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 | $365 |
| Office expenses | $6,168 |
| Information technology | $24,270 |
| Royalties | $0 |
| Occupancy | $564,543 |
| 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 | $3,341 |
| All other expenses | $2,080 |
| Total functional expenses | $2,451,635 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $922,078 |
| Savings and temporary cash investments | $558,514 |
| 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 | $0 |
| Net Land, buildings, and equipment | $47,989 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $45,040 |
| Total assets | $1,573,621 |
| 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 | $251,590 |
| Total liabilities | $251,590 |
| Net assets without donor restrictions | $1,322,031 |
| 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 | $1,573,621 |