Silicon Valley Leadership Group Foundation
- Assets
- $1.4m
- Revenue
- $560.4k
- Investments
- $0.0
- Employees
- 5
- Location
- San Jose, CA
- Founding
- 05/2002
- Data as of
- 12/2022
- EIN
- 91-2140464
Organization Overview
Silicon Valley Leadership Group Foundation is located in San Jose, CA. The organization was established in 2002. According to its NTEE Classification (C34) the organization is classified as: Land Resources Conservation, under the broad grouping of Environment and related organizations. As of 12/2022, Silicon Valley Leadership Group Foundation employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Silicon Valley Leadership Group Foundation 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, Silicon Valley Leadership Group Foundation generated $560.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (12.1%) each year. All expenses for the organization totaled $460.4k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (14.6%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Silicon Valley Leadership Group Foundation has awarded 75 individual grants totaling $7,707,826. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
RESEARCH AND STUDY RELATED TO GENERAL PUBLIC POLICY ISSUES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BUILDING COMMUNITY: SILICON VALLEY TURKEY DUE TO THE ONGOING GLOBAL PANDEMIC THE ANNUAL APPLIED MATERIALS SILICON VALLEY TURKEY TROT WAS FORCED TO PIVOT TO A VIRTUAL FORMAT IN BOTH 2020 & 2021. IN 2022 WE WERE ABLE TO RETURN WITH AN IN-PERSON COMMUNITY/CHARITY 5K, 10K, AND KID'S FUN RUN THAT DREW 17,000 PARTICIPANTS CONTRIBUTING APPROXIMATELY $400,000 TO FOUR LOCAL CHARITIES: SECOND HARVEST SILICON VALLEY, HOUSING TRUST SILICON VALLEY, THE HEALTH TRUST, HEALTHIER KIDS FOUNDATION, AND SECOND HARVEST FOOD BANK SANTA CRUZ.
OTHER PROGRAM SERVICES
BUILDING COMMUNITY: HEART & SOLES THE FOUNDATION ESTABLISHED THE HEART & SOLES RUN IN THE SPRING OF 2014 TO HELP RAISE MONEY TO SUPPORT YOUTH HEALTH AND WELLNESS PROGRAMS THROUGHOUT THE REGION. IN 2022 THE EVENT WAS ABLE TO RETURN WITH AN IN-PERSON FORMAT AFTER TWO YEARS OF A PANDEMIC FORCED VIRTUAL ONLY RACE. THE EVENT WAS ABLE TO ATTRACT 1400 PARTICIPANTS AND DONATE $15,000 TO OUR BENEFITING ORGANIZATIONS BOYS AND GIRLS CLUBS OF SILICON VALLEY, SILICON VALLEY YMCA, AND SANTA CLARA COUNTY OFFICE OF EDUCATION.
BUILDING COMMUNITY: SILICON VALLEY: SANTA RUNIN 2022 THE FOUNDATION STILL BEING UNSURE OF THE FINANCIAL VIABILITY OF THE EVENT DECIDED TO ALLOW THE MAYOR'S OFFICE OF THE CITY OF SAN JOSE THE RIGHTS TO PRODUCE THE SANTA RUN. THE FOUNDATION ASSISTED THE MAYOR'S OFFICE BY ALLOWING USE OF COPYRIGHT, TRADEMARK, SOCIAL MEDIA SITES, WEBSITE AND PERFORMED MARKETING TO AID IN BOOSTING PARTICIPATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom Hayse Treasurer | OfficerTrustee | 1 | $0 |
Michelle Vonderhaar Secretary | OfficerTrustee | 1 | $0 |
Nadia Ahmad Board Member | OfficerTrustee | 1 | $0 |
Charlotta Carter Board Member | OfficerTrustee | 1 | $0 |
Kim Fennell Board Member | Trustee | 1 | $0 |
Ernestine Fu Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Abm Electrical Power Services Llc Battery Charging Station Installer | 12/30/15 | $247,161 |
Firstwave Events Llc Race Management | 12/30/15 | $160,130 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $682,511 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $71,450 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $753,961 |
| Total Program Service Revenue | $0 |
| Investment income | $245 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$193,834 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $560,372 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $367,030 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $69,468 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $691 |
| Insurance | $11,024 |
| All other expenses | $0 |
| Total functional expenses | $460,361 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $148,592 |
| Savings and temporary cash investments | $921,129 |
| Pledges and grants receivable | $375,360 |
| 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 | $1,345 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,446,426 |
| Accounts payable and accrued expenses | $119,493 |
| Grants payable | $458,773 |
| 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 | $578,266 |
| Net assets without donor restrictions | $851,360 |
| Net assets with donor restrictions | $16,800 |
| 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 | $1,446,426 |
Grants Awarded
Over the last fiscal year, Silicon Valley Leadership Group Foundation has awarded $848,774 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
HEALTH TRUST PURPOSE: HEALTHCARE PROGRAMS | $100,000 |
HOUSING TRUST SILICON VALLEY PURPOSE: HOUSING PROGRAMS | $100,000 |
SECOND HARVEST FOOD BANK SANTA CRUZ PURPOSE: FOOD PROGRAMS | $50,000 |
HEALTHIER KIDS FOUNDATION PURPOSE: HEALTHCARE PROGRAMS FOR CHILDREN | $50,000 |
SECOND HARVEST FOOD BANK SILICON VALLEY PURPOSE: FOOD PROGRAMS | $100,000 |
HEALTH TRUST PURPOSE: HEALTHCARE PROGRAMS | $118,935 |