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← SILICON VALLEY EDUCATION FOUNDATION

Form 990 for tax year 2024

Filed by SILICON VALLEY EDUCATION FOUNDATION.

Totals

Total revenue
$7,108,224
Total expenses
$7,877,120
Contributions and grants received
$5,006,606
Grants paid
$0
Program service revenue
$2,026,237
Investment income
$138,535
Other revenue
-$63,154
Total assets, end of year
$5,329,699
Total liabilities, end of year
$412,334
Net assets or fund balances, end of year
$4,917,365
Program services expenses (Part IX)
$6,018,503
Management and general expenses
$814,247
Fundraising expenses
$1,044,370
Program service expenses (Part III)
$6,018,503

Program services were 76.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $924,715

  • 1f · All other contributions, gifts and grants

    $4,081,891

  • 1g · Noncash contributions included above

    $173,550

  • 2a · Program service revenue: SUMMER CLASS FEES

    total $2,026,237 · related or exempt $2,026,237

  • 3 · Investment income

    total $138,535 · excluded $138,535

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8a · Fundraising events: contributions included on line 1c

    $924,715

  • 8b · Fundraising events: direct expenses

    $63,154

  • 8c · Net income from fundraising events

    total -$63,154

  • 9c · Net income from gaming

    total $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $1,608,508 · program services $1,608,508

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $3,352,892 · program services $2,289,335 · management and general $467,816 · fundraising $595,741

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $49,812 · program services $24,950 · management and general $24,862

  • 10 · Payroll taxes

    total $403,917 · program services $324,117 · management and general $29,065 · fundraising $50,735

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $0

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $1,139,604 · program services $926,411 · management and general $38,707 · fundraising $174,486

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $130,696 · management and general $130,696

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $237,481 · program services $200,071 · management and general $16,676 · fundraising $20,734

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $41,981 · program services $21,239 · management and general $8,873 · fundraising $11,869

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $330,904 · program services $233,423 · management and general $38,646 · fundraising $58,835

  • 24a · Other expenses: PROGRAM COSTS

    total $204,447 · program services $134,456 · management and general $4,504 · fundraising $65,487

  • 24b · Other expenses: TELECOMMUNICATIONS

    total $152,497 · program services $88,388 · management and general $29,946 · fundraising $34,163

  • 24c · Other expenses: CONTRACTED PROGRAM SERVICES

    total $70,079 · program services $70,079

  • 24d · Other expenses: FACILITY RENTAL

    total $67,069 · program services $54,568 · management and general $58 · fundraising $12,443

  • 24e · All other expenses

    total $87,233 · program services $42,958 · management and general $24,398 · fundraising $19,877

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,446,111 · end of year $1,552,947

  • 2 · Savings and temporary cash investments

    end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $506,310 · end of year $631,893

  • 4 · Accounts receivable

    end of year $0

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $35,344 · end of year $48,225

  • 10a · Land, buildings and equipment: cost or other basis

    $723,696

  • 10b · Land, buildings and equipment: accumulated depreciation

    $664,930

  • 10c · Land, buildings and equipment, net

    beginning of year $100,274 · end of year $58,766

  • 11 · Investments: publicly traded securities

    beginning of year $3,909,905 · end of year $3,027,952

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    beginning of year $9,712 · end of year $9,916

  • 17 · Accounts payable and accrued expenses

    beginning of year $373,954 · end of year $412,334

  • 27 · Net assets without donor restrictions

    beginning of year $2,988,829 · end of year $3,003,516

  • 28 · Net assets with donor restrictions

    beginning of year $2,644,873 · end of year $1,913,849

Mission and programs · 2024

Mission

WHO WE ARE - SILICON VALLEY EDUCATION FOUNDATION (SVEF) FOCUSES ON RAISING STUDENT PERFORMANCE IN THE CRITICAL AREAS OF MATH AND SCIENCE ACROSS ALL 33 SANTA CLARA COUNTY SCHOOL DISTRICTS, AND ALSO ADJOINING SAN MATEO AND ALAMEDA COUNTIES. OUR GOAL IS TO BE THE LEADING ADVOCATE FOR PUBLIC EDUCATION IN THE REGION. WE ARE KNOWN FOR OUR CLEAR FOCUS ON ACHIEVING RESULTS, PARTNERING, AND EMPHASIZING CREATIVITY AND INNOVATION. BEYOND SERVING STUDENTS, TEACHERS, AND ADMINISTRATORS, WE PROVIDE VALUE TO THE LARGER COMMUNITY BY MAKING INVESTING IN EDUCATION EASY.WHY WE MATTER - THERE HAS NEVER BEEN A MORE CRITICAL TIME TO IMPROVE OUR SCHOOLS. WE MUST ENSURE OUR FUTURE WORKFORCE IS PREPARED TO TAKE ON THE TECHNOLOGICAL AND BUSINESS CHALLENGES THAT LIE AHEAD. WITH AN INCREASING GAP OF QUALIFIED WORKERS TO TAKE OVER SILICON VALLEY JOBS, OUR FUTURE AS THE HEART OF THE U.S. INNOVATION IS AT RISK.WHAT WE DO - WE ESTABLISH EFFECTIVE PARTNERSHIPS WITH THE PRIVATE SECTOR, THE EDUCATION COMMUNITY, AND OTHE

Activities or mission (Part I)

SILICON VALLEY EDUCATION FOUNDATION (SVEF) FOCUSES ON RAISING STUDENT PERFORMANCE IN THE CRITICAL AREAS OF MATH AND SCIENCE ACROSS ALL 33 SANTA CLARA COUNTY SCHOOL DISTRICTS. OUR GOAL IS TO BE THE LEADING ADVOCATE FOR PUBLIC EDUCATION IN THE REGION.

  • ELEVATE [MATH] ELEVATE [MATH] IS A SUMMER INTERVENTION PROGRAM DESIGNED TO ELEVATE STUDENT ACHIEVEMENT IN MATH. THIS PROGRAM FRONT-LOADS CURRICULUM DESIGNED TO ALIGN WITH STUDENTS NEXT YEAR COMMON CORE MATH CLASSES. BY PROVIDING A SUMMER PROGRAM FOCUSED ON BUILDING BOTH MATH SKILLS AND STUDENT CONFIDENCE, ELEVATE [MATH] HELPS PREPARE MORE STUDENTS FOR SUCCESS IN COLLEGE AND CAREERS. ELEVATE [MATH]2 WAS DEVELOPED DURING THE COVID-19 PANDEMIC AS THE SCHOOL-YEAR OFFERING THAT LEVERAGES THE SUMMER PROGRAM CURRICULUM IN AN ONLINE ENVIRONMENT.

    Expenses $2,336,135

  • 49ERS STEM LEADERSHIP INSTITUTE THE 49ERS STEM LEADERSHIP INSTITUTE (SLI) PROVIDES MULTI-YEAR, YEAR-ROUND ACADEMIC SUPPORT, STEM ENRICHMENT, SKILLS TRAINING, AND LEADERSHIP OPPORTUNITIES TO STUDENTS IN MIDDLE AND HIGH SCHOOL. IN THE PROGRAM FROM 7TH THROUGH 12TH GRADE, STUDENTS ENROLL AT CABRILLO MIDDLE SCHOOL AND THEN SANTA CLARA HIGH SCHOOL, WHERE THEY TAKE SLI-SPECIFIC MATH & SCIENCE CLASSES AND THEN AP SEMINAR AND AP RESEARCH THEIR JUNIOR AND SENIOR YEARS, RESPECTIVELY.

    Expenses $1,241,251

  • SCHOOL2HOME SCHOOL2HOME AIMS TO CLOSE THE ACHIEVEMENT GAP AND THE DIGITAL DIVIDE BY INTEGRATING COMPUTERS AND ONLINE ACCESS INTO TEACHING AND LEARNING AT LOW-PERFORMING MIDDLE SCHOOLS IN CALIFORNIA. SVEF MANAGES THE NORTHERN CALIFORNIA ARM OF THE PROGRAM.

    Expenses $724,259

  • [COMPUTER SCIENCE] INNOVATE SVEFS [COMPUTER SCIENCE] INNOVATE (CSI) PROGRAM PROVIDES LEARNING EXPERIENCES TO COMMUNITIES FURTHEST FROM OPPORTUNITY BY INTRODUCING THE FOUNDATIONS OF COMPUTER SCIENCE THROUGH THE LENS OF MAKING AND DESIGN THINKING IN ORDER TO PROMOTE THE CONTINUED PURSUIT OF COMPUTER SCIENCE LEARNING IN THE FUTURE. LIKE ELEVATE [MATH], CSI IS OFFERED AS A SUMMER PROGRAM AND AS A SCHOOL-YEAR PROGRAM.

    Expenses $678,772

  • EASTSIDE EDUCATION INITIATIVE THE EASTSIDE EDUCATION INITIATIVE (EEI) AIMS TO ADDRESS A SIGNIFICANT FUNDING GAP THAT EXISTS BETWEEN SCHOOLS IN EAST SAN JOSE AND OTHER, MORE WELL-RESOURCED, SCHOOL DISTRICTS IN THE BAY AREA, WHERE PROPERTY TAXES ARE GREATER. THIS DISPARITY IN FUNDING MAKES IT EXTREMELY DIFFICULT FOR SAN JOSE SCHOOLS TO OFFER MORE THAN BASIC ACADEMIC PROGRAMS. AS SUCH, A-G COMPLETION RATES ARE LOWER, COLLEGE PERSISTENCE RATES ARE DROPPING AND LIVING WAGES ARE LESS ACHIEVABLE. EEI AIMS TO DO TWO THINGS: (I) ADVOCATE FOR EQUAL FUNDING FOR EAST SAN JOSE SCHOOLS, AND (II) PROVIDE SUPPLEMENTAL EDUCATIONAL SERVICES IN ORDER TO PROMOTE A COLLEGE AND CAREER READINESS CULTURE.

    Expenses $612,903

  • AFTER SCHOOL SAFETY AND ENRICHMENT FOR TEENS SVEF MANAGES THE AFTER-SCHOOL PROGRAMMING FOR EASTSIDE UNION HIGH SCHOOL DISTRICT AT 5 SCHOOL SITES. THE AFTER SCHOOL SAFETY AND ENRICHMENT FOR TEENS (ASSETS) PROGRAM A STATE FUNDING PROGRAM - PROVIDES HIGHLY VARIED ENRICHMENT OPPORTUNITIES, AS WELL AS AFTER SCHOOL TUTORING, PHYSICAL CONDITIONING AND AN OPPORTUNITY TO MAKE UP CREDITS TOWARD HIGH SCHOOL GRADUATION.

    Expenses $276,598

  • EAST SIDE ALLIANCE THE EAST SIDE ALLIANCE (ESA) CONSISTS OF EIGHT DISTRICTS: EAST SIDE UNION HIGH SCHOOL DISTRICT AND THE SEVEN ELEMENTARY PARTNER DISTRICTS. WITH PARTNERSHIPS WITH SAN JOSE STATE UNIVERSITY AND EVERGREEN COMMUNITY COLLEGE, SVEF PROVIDES A PRE-K THROUGH 16 ALIGNED SYSTEM. THROUGH THE ESA, SVEF OFFERS: ACADEMIC PREPARATION, THROUGH OUR CHAMPIONING OF A-G DEFAULT CURRICULUM AND THE SPARTAN EAST SIDE PROMISE. OUR ASSESSMENT FOR LEARNING PROGRAM OFFERS PROFESSIONAL DEVELOPMENT FOR TEACHERS AND ADMINISTRATORS. THE PROGRAM HIGHLIGHTS PERFORMANCE ASSESSMENTS IN WHICH STUDENTS CARRY OUT TASKS THAT REQUIRE THEM TO SHOW EVIDENCE OF THEIR LEARNING. FINANCIAL SUPPORT, THROUGH OUR PARTNERSHIP WITH EXCITE CREDIT UNION TO PROVIDE SAVINGS ACCOUNTS TO COLLEGE-GOING SENIORS.

    Expenses $148,585

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Lisa Andrew

    CEO

    Total calculated
    $313,006
    From this org
    $313,006
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $313,006
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $313,006

  • Erika Evearitt

    CDO

    Total calculated
    $211,292
    From this org
    $211,292
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $211,292
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $211,292

  • Lisa Anna Dominguez

    CHIEF STRATEGIS

    Total calculated
    $178,185
    From this org
    $178,185
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $178,185
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $178,185

  • Chris Carney

    COO

    Total calculated
    $159,289
    From this org
    $159,289
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $159,289
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $159,289

  • Khaled Hamade

    HEAD OF PEOPLE

    Total calculated
    $145,867
    From this org
    $145,867
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Seung Lee

    PARTNERSHIP DIR

    Total calculated
    $138,447
    From this org
    $138,447
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Christina Ramirez

    PROGRAM DIRECTO

    Total calculated
    $129,431
    From this org
    $129,431
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Sarah Rahman

    PROGRAM DIRECTO

    Total calculated
    $124,007
    From this org
    $124,007
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Mercedes Carbajal

    ASSETS PRO. DIR

    Total calculated
    $107,817
    From this org
    $107,817
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Colleen J Thomas

    STRATEGIC DIR.

    Total calculated
    $101,167
    From this org
    $101,167
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Aubrey Calderon

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Esther Iyamu

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Juan Cruz

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Tom Baker

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Jared Darby

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Cecile Galvez

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • David House

    Chairman

    Total calculated
    $0
    Hours/week
    2

  • Sahil Bhardwaj

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Brandon Middleton

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Justin Prettyman

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • D John Miller

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Douglas Spreng

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Carolyn Henry

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Dr John York

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Marc Suidan

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Zia Yusuf

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Cecil Mak

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Stasi Brown

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Stephanie Kashima

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Tugba Yanaz

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
15 May 2025
IRS schema version
2024v5.1
Source object
202521359349308147

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