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Nonprofiteer
← SILICON VALLEY LEADERSHIP GROUP FOUNDATION

Form 990 for tax year 2022

Filed by SILICON VALLEY LEADERSHIP GROUP FOUNDATION.

Totals

Total revenue
$560,372
Total expenses
$460,361
Contributions and grants received
$753,961
Grants paid
$367,030
Program service revenue
$0
Investment income
$245
Other revenue
-$193,834
Total assets, end of year
$1,446,426
Total liabilities, end of year
$578,266
Net assets or fund balances, end of year
$868,160
Program services expenses (Part IX)
$373,859
Management and general expenses
$86,502
Fundraising expenses
$0
Program service expenses (Part III)
$373,859

Program services were 81.2% 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

    $682,511

  • 1f · All other contributions, gifts and grants

    $71,450

  • 3 · Investment income

    total $245 · excluded $245

  • 8a · Fundraising events: gross income

    $851,905

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

    $682,511

  • 8b · Fundraising events: direct expenses

    $1,045,739

  • 8c · Net income from fundraising events

    total -$193,834 · excluded -$193,834

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $367,030 · program services $367,030

  • 11c · Fees: accounting

    total $69,468 · management and general $69,468

  • 22 · Depreciation, depletion and amortization

    total $691 · management and general $691

  • 23 · Insurance

    total $11,024 · program services $1,716 · management and general $9,308

  • 24a · Other expenses: BAD DEBT

    total $6,000 · management and general $6,000

  • 24b · Other expenses: BANK CHARGE

    total $5,113 · program services $5,113

  • 24c · Other expenses: MISCELLANEOUS

    total $1,035 · management and general $1,035

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $288,442 · end of year $148,592

  • 2 · Savings and temporary cash investments

    beginning of year $1,056,882 · end of year $921,129

  • 3 · Pledges and grants receivable

    beginning of year $232,880 · end of year $375,360

  • 9 · Prepaid expenses and deferred charges

    beginning of year $22,377 · end of year $0

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

    $6,088

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

    $4,743

  • 10c · Land, buildings and equipment, net

    beginning of year $2,036 · end of year $1,345

  • 17 · Accounts payable and accrued expenses

    beginning of year $335,515 · end of year $119,493

  • 18 · Grants payable

    beginning of year $498,954 · end of year $458,773

  • 27 · Net assets without donor restrictions

    beginning of year $751,348 · end of year $851,360

  • 28 · Net assets with donor restrictions

    beginning of year $16,800 · end of year $16,800

Mission and programs · 2022

Mission

TO TACKLE ISSUES THAT WILL HELP SILICON VALLEY REMAIN THE INTERNATIONAL CAPITAL OF INNOVATION, WITH A HEALTHY BUSINESS CLIMATE AND GREAT QUALITY OF LIFE FOR ITS WORKERS.

Activities or mission (Part I)

RESEARCH AND STUDY RELATED TO GENERAL PUBLIC POLICY ISSUES.

  • BUILDING COMMUNITY: SILICON VALLEY TURKEY DUE TO THE ONGOING GLOBAL PANDEMIC THE ANNUAL APPLIED MATERIALS SILICON VALLEY TURKEY TROT WAS FORCED TO PIVOT TO A VIRTUAL FORMAT IN BOTH 2020 & 2021. IN 2022 WE WERE ABLE TO RETURN WITH AN IN-PERSON COMMUNITY/CHARITY 5K, 10K, AND KID'S FUN RUN THAT DREW 17,000 PARTICIPANTS CONTRIBUTING APPROXIMATELY $400,000 TO FOUR LOCAL CHARITIES: SECOND HARVEST SILICON VALLEY, HOUSING TRUST SILICON VALLEY, THE HEALTH TRUST, HEALTHIER KIDS FOUNDATION, AND SECOND HARVEST FOOD BANK SANTA CRUZ.

    Expenses $352,030 · Grants $352,030

  • BUILDING COMMUNITY: HEART & SOLES THE FOUNDATION ESTABLISHED THE HEART & SOLES RUN IN THE SPRING OF 2014 TO HELP RAISE MONEY TO SUPPORT YOUTH HEALTH AND WELLNESS PROGRAMS THROUGHOUT THE REGION. IN 2022 THE EVENT WAS ABLE TO RETURN WITH AN IN-PERSON FORMAT AFTER TWO YEARS OF A PANDEMIC FORCED VIRTUAL ONLY RACE. THE EVENT WAS ABLE TO ATTRACT 1400 PARTICIPANTS AND DONATE $15,000 TO OUR BENEFITING ORGANIZATIONS BOYS AND GIRLS CLUBS OF SILICON VALLEY, SILICON VALLEY YMCA, AND SANTA CLARA COUNTY OFFICE OF EDUCATION.

    Expenses $15,000 · Grants $15,000

  • BUILDING COMMUNITY: SILICON VALLEY: SANTA RUNIN 2022 THE FOUNDATION STILL BEING UNSURE OF THE FINANCIAL VIABILITY OF THE EVENT DECIDED TO ALLOW THE MAYOR'S OFFICE OF THE CITY OF SAN JOSE THE RIGHTS TO PRODUCE THE SANTA RUN. THE FOUNDATION ASSISTED THE MAYOR'S OFFICE BY ALLOWING USE OF COPYRIGHT, TRADEMARK, SOCIAL MEDIA SITES, WEBSITE AND PERFORMED MARKETING TO AID IN BOOSTING PARTICIPATION.

  • OTHER PROGRAM SERVICES

    Expenses $6,829

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • TOM HAYSE

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • MICHELLE VONDERHAAR

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • NADIA AHMAD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • CHARLOTTA CARTER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • KIM FENNELL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ERNESTINE FU

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JANIKKE KLEM

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JACOB MARTINEZ

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • VISHAL VERMA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • SONU RATRA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JAMES SNELL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • KYRA WHITTEN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • AHMAD THOMAS

    EXECUTIVE DIRECTOR

    Total calculated
    $810,250
    From this org
    $0
    From related orgs
    $810,250
    Other
    $0
    Hours/week
    8

    Schedule J breakdown matched by us

    Base
    $0 + $800,000 related
    Bonus
    $0
    Other
    $0 + $10,250 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $810,250 related

  • JENNI LUKE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • CHRIS WEILER

    RACE DIRECTOR

    Total calculated
    $168,961
    From this org
    $168,961
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $168,961
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $168,961

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

None.

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

The filer's explanations (Part III)

PART I, LINE 1B
NO COMPENSATION IS RECEIVED BY THE EXECUTIVE DIRECTOR FROM THE FOUNDATION; THE RELATED ORGANIZATION'S COMPENSATION FOR THE CEO/EXECUTIVE DIRECTOR IS ESTABLISHED AND APPROVED BY THE EXECUTIVE ADVISORY COMMITTEE AND DOCUMENTED IN A WRITTEN EMPLOYMENT CONTRACT BY THE RELATED ORGANIZATION.

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

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
27 September 2023
IRS schema version
2022v5.0
Source object
202332729349301683

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