Silicon Valley Creates
- Assets
- $5.1m
- Revenue
- $4.1m
- Investments
- $0.0
- Employees
- 9
- Location
- San Jose, CA
- Founding
- 10/1983
- Data as of
- 06/2023
- EIN
- 94-2825213
Organization Overview
Silicon Valley Creates is located in San Jose, CA. The organization was established in 1983. According to its NTEE Classification (A26) the organization is classified as: Arts & Humanities Councils & Agencies, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2023, Silicon Valley Creates employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Silicon Valley Creates 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 06/2023, Silicon Valley Creates generated $4.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $2.6m during the year ending 06/2023. While expenses have increased by 0.8% 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.
Since 2015, Silicon Valley Creates has awarded 342 individual grants totaling $4,369,550. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SILICON VALLEY CREATES' MISSION IS TO ELEVATE SILICON VALLEY'S CREATIVE CULTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION BUILDS THE CREATIVE SECTOR'S CAPACITY BY: 1)PROVIDING LOCAL GRANTS, WORKSHOPS AND MANAGEMENT TOOLS; 2)NURTURING THE NEXT GENERATION OF LEADERS; 3)CONDUCTING RESEARCH STUDIES OF RELEVANCE TO CIVIC AND ARTS LEADERS; AND 4)LEADING THE DEVELOPMENT OF BELOW MARKET SPACE SOLUTIONS FOR THE ARTS LIKE THE CREATIVE CENTER FOR THE ARTS ("CCA") IN JAPANTOWN. THIS PROGRAM SERVES APPROXIMATELY 1.8 MILLION PEOPLE.
THE ORGANIZATION RAISES THE VISIBILITY AND VOICE OF THE CREATIVE SECTOR BY: 1)PUBLISHING CONTENT MAGAZINE; 2)PROMOTING ARTS AND CULTURAL EVENTS THROUGH SOCIAL MEDIA; 3)SHOWCASING LOCAL ARTISTS THROUGH THE ARTIST LAUREATE AND POET LAUREATE PROGRAMS; 4)CONVENING PICK UP PARTIES; AND 5)PLAYING AN ACTIVE LEADERSHIP ROLE IN ADVOCATING FOR ARTS PUBLIC POLICY AND FUNDING. THIS PROGRAM SERVES APPROXIMATELY 38,000 PEOPLE.
THE ORGANIZATION INCREASES ACCESS TO ARTS AND CREATIVITY BY: 1)OPERATING A HUB OF ART STUDIOS FOR TEENS; 2)CONNECTING TEACHERS TO ARTS EDUCATION OFFERINGS THROUGH ARTSEDCONNECT; 3)PROVIDING ARTS ACCESS GRANTS TO ORGANIZATIONS SERVING HIGH NEED COMMUNITIES; AND 4)INFUSING ARTS AND CREATIVITY INTO SPECIAL INITIATIVES LIKE THE WOMEN AND CHILDREN'S CENTER AT VALLEY MEDICAL CENTER. THIS PROGRAM SERVES APPROXIMATELY 65,000 PEOPLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Connie Martinez CEO | Officer | 40 | $208,800 |
Alexandra Urbanowski Associate Director | 40 | $173,000 | |
Tamara Alvarado Secretary | OfficerTrustee | 1 | $0 |
James Lacamp Treasurer | OfficerTrustee | 1 | $0 |
Marshall Jones Chair | OfficerTrustee | 1 | $0 |
Janice Fry Immediate Past Chair | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ankrom Moisan Architects Inc Architectural Services | 6/29/19 | $750,704 |
Nova Partners Inc Project Management | 6/29/19 | $246,630 |
Sc Builders Inc Construction | 6/29/19 | $222,305 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $2,606 |
| Related organizations | $0 |
| Government grants | $2,135,036 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,791,134 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,928,776 |
| Total Program Service Revenue | $132,007 |
| Investment income | $40,556 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $34,525 |
| Net Gain/Loss on Asset Sales | -$32,736 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,103,128 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,155,342 |
| Grants and other assistance to domestic individuals. | $18,782 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $232,550 |
| Compensation of current officers, directors, key employees. | $59,903 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $548,786 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $89,110 |
| Payroll taxes | $56,272 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $72,346 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $10,165 |
| Fees for services: Other | $216,954 |
| Advertising and promotion | $61,234 |
| Office expenses | $11,119 |
| Information technology | $27,411 |
| Royalties | $0 |
| Occupancy | $41,936 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $33,778 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,850 |
| Insurance | $11,883 |
| All other expenses | $0 |
| Total functional expenses | $2,627,438 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $24,805 |
| Savings and temporary cash investments | $2,495,796 |
| Pledges and grants receivable | $1,393,724 |
| Accounts receivable, net | $113,601 |
| 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 | $18,983 |
| Net Land, buildings, and equipment | $14,233 |
| Investments—publicly traded securities | $915,492 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $88,069 |
| Total assets | $5,064,703 |
| Accounts payable and accrued expenses | $92,663 |
| Grants payable | $425,000 |
| Deferred revenue | $12,352 |
| 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 | $79,758 |
| Total liabilities | $609,773 |
| Net assets without donor restrictions | $837,937 |
| Net assets with donor restrictions | $3,616,993 |
| 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 | $5,064,703 |
Grants Awarded
Over the last fiscal year, Silicon Valley Creates has awarded $687,500 in support to 56 organizations.
| Grant Recipient | Amount |
|---|---|
AIMUSICUS PURPOSE: TO SUPPORT THE EXEMPT PURPOSE OPERATIONS OF THE ORGANIZATION | $8,000 |
ABHINAYA DANCE COMPANY OF SAN JOSE PURPOSE: TO SUPPORT THE EXEMPT PURPOSE OPERATIONS OF THE ORGANIZATION | $14,500 |
ALLIANCE FOR YOUTH ACHIEVEMENT PURPOSE: TO SUPPORT THE EXEMPT PURPOSE OPERATIONS OF THE ORGANIZATION | $5,000 |
AWO PURPOSE: TO SUPPORT THE EXEMPT PURPOSE OPERATIONS OF THE ORGANIZATION | $15,000 |
BACH-MILLENNIUM MUSIC PURPOSE: TO SUPPORT THE EXEMPT PURPOSE OPERATIONS OF THE ORGANIZATION | $9,500 |
CHINESE PERFORMING ARTS OF AMERICA PURPOSE: TO SUPPORT THE EXEMPT PURPOSE OPERATIONS OF THE ORGANIZATION | $8,000 |