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Nonprofiteer
← SILICON VALLEY CREATES

Form 990 for tax year 2023

Filed by SILICON VALLEY CREATES.

Totals

Total revenue
$1,940,221
Total expenses
$2,943,654
Contributions and grants received
$1,728,500
Grants paid
$1,312,341
Program service revenue
$78,098
Investment income
$95,123
Other revenue
$38,500
Total assets, end of year
$3,747,197
Total liabilities, end of year
$149,195
Net assets or fund balances, end of year
$3,598,002
Program services expenses (Part IX)
$2,424,981
Management and general expenses
$398,138
Fundraising expenses
$120,535
Program service expenses (Part III)
$2,424,981

Program services were 82.4% 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

    $1,697

  • 1e · Government grants (contributions)

    $1,363,903

  • 1f · All other contributions, gifts and grants

    $362,900

  • 2a · Program service revenue: FEES AND SERVICE CONTR

    total $78,098 · related or exempt $78,098

  • 3 · Investment income

    total $86,697 · excluded $86,697

  • 6a · Gross rents

    real property $38,500

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $38,500

  • 6d · Net rental income or loss

    total $38,500 · excluded $38,500

  • 7a · Gross sales of assets other than inventory

    securities $216,197

  • 7b · Less cost or other basis and sales expenses

    securities $207,771

  • 7c · Gain or loss

    securities $8,426

  • 7d · Net gain or loss

    total $8,426 · excluded $8,426

  • 8a · Fundraising events: gross income

    $95

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

    $1,697

  • 8b · Fundraising events: direct expenses

    $95

  • 8c · Net income from fundraising events

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $715,538 · program services $715,538

  • 2 · Grants to domestic individuals

    total $596,803 · program services $596,803

  • 5 · Compensation of officers, directors and key employees

    total $368,981 · program services $226,933 · management and general $101,310 · fundraising $40,738

  • 7 · Other salaries and wages

    total $375,571 · program services $228,854 · management and general $102,112 · fundraising $44,605

  • 9 · Other employee benefits

    total $52,631 · program services $35,023 · management and general $15,704 · fundraising $1,904

  • 10 · Payroll taxes

    total $51,230 · program services $31,644 · management and general $14,391 · fundraising $5,195

  • 11b · Fees: legal

    total $398 · program services $398

  • 11c · Fees: accounting

    total $72,900 · management and general $72,900

  • 11f · Fees: investment management

    total $10,831 · management and general $10,831

  • 11g · Fees: other

    total $405,522 · program services $379,222 · management and general $9,300 · fundraising $17,000

  • 12 · Advertising and promotion

    total $54,704 · program services $54,286 · management and general $389 · fundraising $29

  • 13 · Office expenses

    total $13,367 · program services $10,797 · management and general $2,083 · fundraising $487

  • 14 · Information technology

    total $30,661 · program services $15,835 · management and general $10,963 · fundraising $3,863

  • 16 · Occupancy

    total $57,585 · program services $33,325 · management and general $19,692 · fundraising $4,568

  • 17 · Travel

    total $9 · management and general $9

  • 19 · Conferences, conventions and meetings

    total $68,234 · program services $54,688 · management and general $13,546

  • 22 · Depreciation, depletion and amortization

    total $6,685 · program services $3,921 · management and general $2,233 · fundraising $531

  • 23 · Insurance

    total $12,829 · program services $4,972 · management and general $7,177 · fundraising $680

  • 24a · Other expenses: MISCELLANEOUS

    total $24,120 · program services $16,945 · management and general $7,175 · fundraising $0

  • 24b · Other expenses: PARKING

    total $10,041 · program services $5,944 · management and general $3,321 · fundraising $776

  • 24c · Other expenses: MEMBERSHIP DUES

    total $8,831 · program services $7,996 · management and general $835 · fundraising $0

  • 24d · Other expenses: BANK FEES

    total $5,008 · program services $682 · management and general $4,167 · fundraising $159

  • 24e · All other expenses

    total $1,175 · program services $1,175

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $24,805 · end of year $59,438

  • 2 · Savings and temporary cash investments

    beginning of year $2,495,796 · end of year $1,360,073

  • 3 · Pledges and grants receivable

    beginning of year $1,393,724 · end of year $1,098,452

  • 4 · Accounts receivable

    beginning of year $113,601 · end of year $148,121

  • 9 · Prepaid expenses and deferred charges

    beginning of year $18,983 · end of year $12,093

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

    $20,987

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

    $9,828

  • 10c · Land, buildings and equipment, net

    beginning of year $14,233 · end of year $11,159

  • 11 · Investments: publicly traded securities

    beginning of year $915,492 · end of year $1,001,091

  • 15 · Other assets

    beginning of year $88,069 · end of year $56,770

  • 17 · Accounts payable and accrued expenses

    beginning of year $92,663 · end of year $85,402

  • 18 · Grants payable

    beginning of year $425,000 · end of year $0

  • 19 · Deferred revenue

    beginning of year $12,352 · end of year $15,349

  • 25 · Other liabilities

    beginning of year $79,758 · end of year $48,444

  • 27 · Net assets without donor restrictions

    beginning of year $837,937 · end of year $857,202

  • 28 · Net assets with donor restrictions

    beginning of year $3,616,993 · end of year $2,740,800

Mission and programs · 2023

Mission

SILICON VALLEY CREATES' MISSION IS TO ELEVATE SILICON VALLEY'S CREATIVE CULTURE THROUGH PROGRAMS AND INITIATIVES THAT BUILD THE CAPACITY OF OUR ARTS AND CULTURE ECOSYSTEM, RAISE THE VOICE AND VISIBILITY OF OUR CREATIVE SECTOR, AND INCREASE ACCESS TO ARTS.

Activities or mission (Part I)

SILICON VALLEY CREATES' MISSION IS TO ELEVATE SILICON VALLEY'S CREATIVE CULTURE.

  • THE ORGANIZATION BUILDS THE CAPACITY OF THE CREATIVE SECTOR: AS PART OF THE CAPACITY BUILDING WORK, THE ORGANIZATION PROVIDES A SUITE OF GRANTS, PROFESSIONAL DEVELOPMENT, AND NETWORKING OPPORTUNITIES FOR LOCAL ARTS ORGANIZATIONS; NURTURES EMERGING LEADERS THROUGH LEADERSHIP TRAINING; PROVIDES SEED FUNDING FOR NEW IDEAS AND PROJECTS; AND LEADS COLLABORATIVE INITIATIVES TO ELEVATE SILICON VALLEY'S CREATE CULTURE. THIS PROGRAM SERVES APPROXIMATELY 1.8 MILLION PEOPLE.

    Expenses $1,477,783 · Grants $931,358 · Revenue $47,593

  • THE ORGANIZATION RAISES VISIBILITY OF THE CREATIVE SECTOR: THE ORGANIZATION ELEVATES LOCAL ARTISTS THROUGH ARTIST FELLOWSHIPS, EMERGING ARTISTS AWARDS AND COUNTY POET LAUREATE PROGRAMS, AND USES CONTENT MAGAZINE'S PRINT PUBLICATION AND SOCIAL MEDIAL NETWORK AS PLATFORMS FOR EMPLOYING AND HIGHLIGHTING 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. THIS PROGRAM SERVES APPROXIMATELY 35,000 PEOPLE.

    Expenses $393,817 · Revenue $12,683

  • THE ORGANIZATION INCREASES ACCESS TO ARTS: THE ORGANIZATION INCREASES EQUITABLE ACCESS TO THE ARTS BY PROVIDING MEDIA CLASSES FOR AT-RISK YOUTH THROUGH ITS STUDIO PROGRAM: CONNECTING TEACHERS TO ARTS EDUCATION OFFERINGS AND FUNDING THROUGH ARTSEDCONNECT; MANAGING THE POETRY OUT LOUD PROGRAM IN SANTA CLARA COUNTY; AND PROVIDING ARTS ACCESS GRANTS FOR PROGRAMS DESIGNED TO INCREASE ACCESS TO THE ARTS FOR HISTORICALLY UNDERSERVED POPULATIONS. THIS PROGRAM SERVES APPROXIMATELY 75,000 PEOPLE.

    Expenses $553,381 · Grants $380,983 · Revenue $17,822

As filed on the 2023 return.

Listed in Part VII

  • Tamara Alvarado

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Marshall Jones

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Tshaka Campbell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jaye Bailey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sean Cottle

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Roy Hirabayashi

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tim Leehane

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Anu Natarjan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Vicky Phan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kim Walesh Polcyn

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Vibhor Chandra

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Fred Ferrer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Connie Martinez

    IMMEDIATE PAST CEO

    Total calculated
    $255,559
    From this org
    $233,140
    From related orgs
    $0
    Other
    $22,419
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $233,140
    Bonus
    $0
    Other
    $0
    Deferred
    $7,242
    Nontaxable benefits
    $15,177
    Filer's total
    $255,559

  • Alexandra Urbanowski

    CEO

    Total calculated
    $195,825
    From this org
    $175,500
    From related orgs
    $0
    Other
    $20,325
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $175,500
    Bonus
    $0
    Other
    $0
    Deferred
    $6,333
    Nontaxable benefits
    $13,992
    Filer's total
    $195,825

  • Toni Vanwinkle

    TREASURER

    Total calculated
    $0
    Hours/week
    1

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 · Written employment contract
  • 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

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2023
Filed
21 January 2025
IRS schema version
2023v6.0
Source object
202520239349300027

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