The Silicon Valley Leadership Group
- Assets
- $1.7m
- Revenue
- $4.1m
- Investments
- $0.0
- Employees
- 25
- Location
- San Jose, CA
- Founding
- 11/1978
- Data as of
- 12/2023
- EIN
- 94-2460352
Organization Overview
The Silicon Valley Leadership Group is located in San Jose, CA. The organization was established in 1978. According to its NTEE Classification (W70) the organization is classified as: Leadership Development, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2023, Silicon Valley Leadership Group employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Silicon Valley Leadership Group is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2023, Silicon Valley Leadership Group generated $4.1m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $4.7m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (0.5%) per year over the past 9 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE THE GENERAL BUSINESS CONDITIONS AND QUALITY OF LIFE IN AND AROUND SILICON VALLEY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TECH & INNOVATIONTHE TECHNOLOGY + INNOVATION COMMITTEE SECURED SEVERAL KEY VICTORIES FOR MEMBERS IN 2023. SVLG LED A STATEWIDE COALITION IN OPPOSING ASSEMBLY BILL 316 (AGUIAR-CURRY), A BILL THAT WOULD HAVE REQUIRED THAT ALL HEAVY-DUTY AUTONOMOUS VEHICLES OVER 10,001 POUNDS HAVE A HUMAN OPERATOR IN EACH SUCH VEHICLE. SVLG MET WITH EVERY LEGISLATORS' OFFICE - ASSEMBLY AND SENATE - AS WELL MEMBERS OF THE GOVERNOR'S ADMINISTRATION. THE BILL WAS VETOED BY THE GOVERNOR. ADDITIONALLY, SVLG SUPPORTED MEMBER COMPANIES IN ADVANCING GOALS TOWARDS CHIP ACT RESOURCES, BY HOSTING REGULAR MEETINGS WITH THE GOVERNOR'S LEADER ON CA BUSINESS DEVELOPMENT AND WORKING WITH GO-BIZ STAFF TO CONNECT CHIPS ACT FUND APPLICANTS AND GOVERNMENT LEADERS. SVLG ALSO SUPPORTED THE SUCCESSFUL EFFORTS OF NEARLY A DOZEN MEMBER COMPANIES TO SECURE THE NORTHWEST AI MICROELECTRONICS HUB (WITH FUNDING FROM THE DEPARTMENT OF DEFENSE), HOUSED AT STANFORD UNIVERSITY. FINALLY, SVLG LAUNCHED THE RESPONSIBLE AI WORKING GROUP, HOSTING A SACRAMENTO LEGISLATORS DAY ON ARTIFICIAL INTELLIGENCE AND MEETING WITH AI BILL AUTHORS TO SHARE MEMBER PERSPECTIVES. SVLG WAS ALSO A KEY MEDIA RESOURCE ON AI, BEING FEATURED IN BLOOMBERG LAW, LA TIMES, SF CHRONICLE AND OTHERS.
HOUSING & COMMUNITY DEVELOPMENTSVLG SUPPORT AND ADVOCACY HELPED CONTRIBUTE TO THE PLANNING AND CREATION OF OVER 27,000 HOUSING UNITS IN THE REGION. ADDITIONALLY, SVLG CO-SPONSORED STATE LEGISLATION TO SPEED UP THE POST-ENTITLEMENT PHASE PERMITTING PROCESS FOR HOUSING AND ADDRESSES A SIGNIFICANT HURDLE TO INCREASING THE CONSTRUCTION OF HOUSING. THIS BILL WAS SIGNED INTO LAW AND IS CITIED AS AN IMPORTANT STEP THAT WIL ACCELERATE HOUSING PRODUCTION AND HELP ADDRESS THE CURRENT SHORTFALL IN AVAILABLE UNITS.
TRANSPORTATIONSVLG JOINTLY ADVOCATED ALONGSIDE A COALITION OF BUSINESS GROUPS, TRANSIT AGENCIES, AND ENVIRONMENTAL ADVOCATES CALLING FOR STATE FUNDING TO ADDRESS THE "FISCAL CLIFF," WHICH IS AN ANTICIPATED SHORTFALL IN REVENUES FOR BAY AREA TRANSIT AGENCIES IN THE STATE BUDGET. AFTER THE STATE INITIALLY PROPOSED $2 BILLION IN CUTS TO TRANSIT, THE FINAL STATE BUDGET ACTUALLY INCREASED THE AMOUNT PUT TOWARDS TRANSIT, AT A LEVEL IN THE END OF $5.1 BILLION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ahmad Thomas CEO | OfficerTrustee | 40 | $645,000 |
Jed York Chair | OfficerTrustee | 36 | $0 |
James Gutierrez Vice Chair | OfficerTrustee | 36 | $0 |
Eric Yuan Vice Chair | OfficerTrustee | 36 | $0 |
Vicki Huff Eckert Treasurer | OfficerTrustee | 36 | $0 |
Paul A King Vice Chair | Trustee | 36 | $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 | $22,400 |
| Noncash contributions included in lines 1a–1f | $22,400 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $22,400 |
| Total Program Service Revenue | $4,037,937 |
| Investment income | $113 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,730 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,058,720 |
| 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. | $1,508,092 |
| Compensation of current officers, directors, key employees. | $120,647 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,710,505 |
| Pension plan accruals and contributions | $93,459 |
| Other employee benefits | $114,090 |
| Payroll taxes | $218,484 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $24,299 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $430,898 |
| Advertising and promotion | $14,077 |
| Office expenses | $63,615 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $282,962 |
| Travel | $29,951 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,613 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,770 |
| Insurance | $11,394 |
| All other expenses | $0 |
| Total functional expenses | $4,700,284 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $481,017 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $182,116 |
| 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 | $1,974 |
| Net Land, buildings, and equipment | $8,550 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,035,125 |
| Total assets | $1,708,782 |
| Accounts payable and accrued expenses | $504,245 |
| Grants payable | $0 |
| Deferred revenue | $978,930 |
| 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 | $1,313,069 |
| Total liabilities | $2,796,244 |
| Net assets without donor restrictions | -$1,127,462 |
| Net assets with donor restrictions | $40,000 |
| 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 | $1,708,782 |