Silicon Valley Creates
- Assets
- $3.4m
- Revenue
- $3.6m
- Investments
- $0.0
- Employees
- 9
- Location
- San Jose, CA
- Founding
- 10/1983
- Data as of
- 06/2022
- 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 06/2022, 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 06/2022, Silicon Valley Creates generated $3.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $2.9m during the year ending 06/2022. While expenses have increased by 1.9% 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 377 individual grants totaling $4,799,050. 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
ELEVATING SILICON VALLEY'S CREATIVE CULTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAM #1: BUILD THE CAPACITY OF THE CREATIVE SECTOR: AS PART OF OUR CAPACITY BUILDING WORK WE: 1) PROVIDE A SUITE OF CORE GRANTS AND EDUCATIONAL PROGRAMS INSPIRED BY SILICON VALLEY'S START UP CULTURE; 2) NURTURE EMERGING LEADERS; 3) PROVIDE SEED FUNDING FOR NEW IDEAS AND PROJECTS; 4) ENROLL PARTNERS IN OUR WORK; AND 5) LEAD COLLABORATIVE INITIATIVES IN ITS START UP PHASE BEFORE BECOMING A "CORE PROGRAM OR SPINNING-OFF TO A PARTNER TO STEWARD AND/OR SCALE. SERVES APPX 1.8M
PROGRAM #2: RAISE VISIBILITY OF THE CREATIVE SECTOR : WE ELEVATE LOCAL ARTISTS THROUGH CONTENT EMERGING ARTIST AND COUNTY POET LAUREATE PROGRAMS, AND USE CONTENT MAGAZINE'S PRINT PUBLICATION AND SOCIAL MEDIA NETWORK AS PLATFORMS FOR HIGHLIGHTING A CURATED SELECTION OF CREATIVE PROFESSIONALS, ARTS AND CULTURAL ORGANIZATIONS, AND EVENTS. CONTENT'S ENGAGING QUARTERLY EVENTS HELP TO EXPAND AND DEEPEN THE REAL-WORLD SOCIAL AND PROFESSIONAL CONNECTIONS BETWEEN SILICON VALLEY'S CREATORS AND CONSUMERS. SERVES APPX. 35K
PROGRAM #3: INCREASE ACCESS TO ARTS FOR HIGH NEED COMMUNITIES: WE INCREASE EQUITABLE ACCESS TO ARTS BY PROVIDING ARTS EDUCATION OPPORTUNITIES FOR AT-RISK YOUTH THROUGH THE STUDIO; CONNECTING TEACHERS TO ARTS EDUCATION OFFERINGS AND FUNDING THROUGH ARTSEDCONNECT; INFUSING ARTS AND CREATIVITY INTO THE WOMEN AND CHILDREN'S CENTER AT VMC; INVESTING IN YOUTH DEVELOPMENT PROGRAM PARTNERS AND LAUNCHING A NEW ACCESS GRANT PROGRAM SPECIFICALLY DESIGNED TO INCREASE ACCESS TO THE ARTS FOR HIGH NEED COMMUNITIES. SERVES APPX. 65K
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alexandra Urbanowski Dir. Of Strategic Initiati | 40 | $170,000 | |
Connie Martinez CEO | Officer | 40 | $169,062 |
Marshall Jones Chair | OfficerTrustee | 1 | $0 |
James Lacamp Treasurer | OfficerTrustee | 1 | $0 |
Tamara Alvarado Officer-At-Large | OfficerTrustee | 1 | $0 |
Janice Fry Immed. 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 |
Sc Builders Inc Construction | 6/29/19 | $222,305 |
Nova Partners Inc Project Management | 6/29/19 | $246,630 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,266,848 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,326,189 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,593,037 |
| Total Program Service Revenue | $22,280 |
| Investment income | $29,746 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $34,158 |
| Net Gain/Loss on Asset Sales | -$29,812 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,649,409 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,201,180 |
| Grants and other assistance to domestic individuals. | $15,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $389,661 |
| Compensation of current officers, directors, key employees. | $94,934 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $418,949 |
| Pension plan accruals and contributions | $9,713 |
| Other employee benefits | $29,732 |
| Payroll taxes | $59,008 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $55 |
| Fees for services: Accounting | $70,325 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $12,154 |
| Fees for services: Other | $464,972 |
| Advertising and promotion | $53,559 |
| Office expenses | $19,525 |
| Information technology | $20,222 |
| Royalties | $0 |
| Occupancy | $29,522 |
| Travel | $3,394 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $38,568 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,477 |
| Insurance | $8,365 |
| All other expenses | $0 |
| Total functional expenses | $2,865,284 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,161,069 |
| Pledges and grants receivable | $788,547 |
| Accounts receivable, net | $117,864 |
| 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 | $10,483 |
| Net Land, buildings, and equipment | $6,298 |
| Investments—publicly traded securities | $1,338,161 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,422,422 |
| Accounts payable and accrued expenses | $152,538 |
| Grants payable | $418,500 |
| Deferred revenue | $15,268 |
| 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 | $350 |
| Total liabilities | $586,656 |
| Net assets without donor restrictions | $828,318 |
| Net assets with donor restrictions | $2,007,448 |
| 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 | $3,422,422 |
Grants Awarded
Over the last fiscal year, Silicon Valley Creates has awarded $908,670 in support to 54 organizations.
| Grant Recipient | Amount |
|---|---|
Danville, CA PURPOSE: SUPPORT THE EXEMPT PURPOSE OPERATIONS OF THE ORGANIZATION | $100,000 |
San Jose, CA PURPOSE: SUPPORT THE EXEMPT PURPOSE OPERATIONS OF THE ORGANIZATION | $37,000 |
San Jose, CA PURPOSE: SUPPORT THE EXEMPT PURPOSE OPERATIONS OF THE ORGANIZATION | $35,000 |
San Jose, CA PURPOSE: SUPPORT THE EXEMPT PURPOSE OPERATIONS OF THE ORGANIZATION | $33,000 |
San Jose, CA PURPOSE: SUPPORT THE EXEMPT PURPOSE OPERATIONS OF THE ORGANIZATION | $32,400 |
SAN JOSE MULTICULTURAL ARTISTS GUILD PURPOSE: SUPPORT THE EXEMPT PURPOSE OPERATIONS OF THE ORGANIZATION | $32,000 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Silicon Valley Creates has recieved totaling $2,403,516.
| Awarding Organization | Amount |
|---|---|
Farmlink Project Pacific Palisades, CA PURPOSE: TO PROVIDE HEALTHY FRESH PRODUCE TO FAMILIES IN NEED. | $1,155,534 |
David And Lucile Packard Foundation Los Altos, CA PURPOSE: LOCAL GRANTMAKING | $725,000 |
Kenneth Rainin Foundation Oakland, CA PURPOSE: ARTS WEB: EQUITY, RESILIENCE AND CREATIVITY THROUGH ECOSYSTEM BUILDING | $290,000 |
William & Flora Hewlett Foundation Menlo Park, CA PURPOSE: FOR GENERAL OPERATING SUPPORT | $200,000 |
Silicon Valley Community Foundation Mountain View, CA PURPOSE: Arts & Culture | $30,482 |
David And Lucile Packard Foundation Los Altos, CA PURPOSE: GENERAL SUPPORT | $2,500 |
Endowment Analysis
| Beg. Balance | $1,002,137 |
| Earnings | -$143,958 |
| Admin Expense | $4,501 |
| Other Expense | $50,000 |
| Ending Balance | $803,678 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Scottsdale Cultural Council Scottsdale, AZ | $11,025,722 | $9,457,681 |
Regional Arts & Culture Council Portland, OR | $19,063,213 | $7,551,679 |
Public Corporation For The Arts Of The City Of Long Beach Long Beach, CA | $1,457,547 | $3,278,156 |
Silicon Valley Creates San Jose, CA | $3,422,422 | $3,649,409 |
Arts Foundation For Tucson And Southern Arizona Tucson, AZ | $962,823 | $2,764,591 |
Oregon Council For The Humanities Portland, OR | $2,576,725 | $2,357,647 |
Arts Council Santa Cruz County Santa Cruz, CA | $3,610,381 | $2,573,468 |
Fresno Arts Council Inc Fresno, CA | $1,695,562 | $2,423,819 |
Palos Verdes Art Center Beverly G Alpay Center For Arts Education Rancho Palos Verdes, CA | $13,310,547 | $3,276,313 |
Arts Council For Monterey County Monterey, CA | $1,257,748 | $1,850,985 |
Fulcrum Arts Pasadena, CA | $1,056,280 | $1,532,362 |
Central Valley Center For The Arts Inc Modesto, CA | $26,162,154 | $1,107,671 |