Form 990 for tax year 2023
Filed by SILICON VALLEY SOCIAL VENTURE FUND.
Totals
- Total revenue
- $2,289,044
- Total expenses
- $1,713,986
- Contributions and grants received
- $2,101,791
- Grants paid
- $592,992
- Program service revenue
- $60,000
- Investment income
- $99,384
- Other revenue
- $27,869
- Total assets, end of year
- $2,391,900
- Total liabilities, end of year
- $462,400
- Net assets or fund balances, end of year
- $1,929,500
- Program services expenses (Part IX)
- $1,374,649
- Management and general expenses
- $266,270
- Fundraising expenses
- $73,067
- Program service expenses (Part III)
- $1,374,649
Program services were 80.2% 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.
-
1f · All other contributions, gifts and grants
$2,101,791
-
1g · Noncash contributions included above
$21,299
-
2a · Program service revenue: CALIFORNIA EQUITY JOURNEY
total $60,000 · related or exempt $60,000
-
3 · Investment income
total $99,331 · excluded $99,331
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7a · Gross sales of assets other than inventory
securities $13,336
-
7b · Less cost or other basis and sales expenses
securities $13,283
-
7c · Gain or loss
securities $53
-
7d · Net gain or loss
total $53 · excluded $53
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: MISCELLANEOUS
total $27,869 · excluded $27,869
-
11e · Other revenue, total
$27,869
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $592,992 · program services $592,992
-
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 $364,766 · program services $258,984 · management and general $83,896 · fundraising $21,886
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $347,813 · program services $241,692 · management and general $69,777 · fundraising $36,344
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $58,242 · program services $41,460 · management and general $13,816 · fundraising $2,966
-
10 · Payroll taxes
total $49,275 · program services $34,483 · management and general $10,740 · fundraising $4,052
-
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 $79,774 · program services $29,316 · management and general $50,458
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $0
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $40,342 · program services $39,209 · management and general $693 · fundraising $440
-
17 · Travel
total $20,337 · program services $12,615 · management and general $6,111 · fundraising $1,611
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $7,842 · program services $6,980 · management and general $784 · fundraising $78
-
24a · Other expenses: PROGRAM EXPENSES
total $112,009 · program services $102,949 · management and general $9,060
-
24b · Other expenses: SUPPLIES
total $20,399 · program services $5,113 · management and general $9,975 · fundraising $5,311
-
24c · Other expenses: DUES AND SUBSCRIPTIONS
total $8,150 · program services $4,613 · management and general $3,221 · fundraising $316
-
24d · Other expenses: TELEPHONE AND INTERNET
total $5,093 · program services $2,614 · management and general $2,416 · fundraising $63
-
24e · All other expenses
total $6,952 · program services $1,629 · management and general $5,323
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,024,690 · end of year $1,501,351
-
2 · Savings and temporary cash investments
end of year $0
-
3 · Pledges and grants receivable
end of year $60,000
-
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 $12,535 · end of year $14,981
-
10a · Land, buildings and equipment: cost or other basis
$67,722
-
10b · Land, buildings and equipment: accumulated depreciation
$67,722
-
10c · Land, buildings and equipment, net
end of year $0
-
11 · Investments: publicly traded securities
beginning of year $1,029,432 · end of year $807,221
-
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
end of year $8,347
-
17 · Accounts payable and accrued expenses
beginning of year $76,821 · end of year $34,102
-
18 · Grants payable
beginning of year $571,000 · end of year $352,000
-
25 · Other liabilities
beginning of year $65,938 · end of year $76,298
-
27 · Net assets without donor restrictions
beginning of year $1,152,898 · end of year $1,794,500
-
28 · Net assets with donor restrictions
beginning of year $200,000 · end of year $135,000
Mission and programs · 2023
Mission
Silicon Valley Social Venture Funds (SV2) mission is to unleash the talents and resources of the Silicon Valley community to achieve meaningful social impact. SV2 works to build the organizational capacity of our Nonprofit Grantees and Impact Investees and the philanthropic capacity of our donors (called Partners). SV2 does this through engaged Grantmaking, Impact Investing, and Immersive Learning Sessions in a number of issue areas with funds contributed by our Donor Partners.
Activities or mission (Part I)
TO UNLEASH THE RESOURCES AND TALENTS OF THE SILICON VALLEY COMMUNITY TO ACHIEVE MEANINGFUL SOCIAL IMPACT.
-
Experiential Grantmaking & Impact Investing:SV2 Partners pool their charitable contributions and then work together to identify and select high-potential Grantees and Impact Investees from among local nonprofits and early-stage companies with a social or environmental impact mission. Grantees and Investees receive unrestricted funding in order to scale their ability to achieve their missions and contribute to a Bay Area and world where everyone thrives. In 2023-24, SV2 made four multi-year, general operating support grants to Bay Area nonprofits. Two of these grants were to nonprofits focused on mental health and wellbeing, and two of these grants were to nonprofits focused on using technology for social good. SV2 also conducted its ninth year of impact investing, in which Partners performed due diligence and recommended six mission-driven companies in which SV2 made investments. Data suggests that, as a result of their engagement in SV2 programming, 96% of Partners increased their level of knowledge about local community needs and solutions, 82% of Partners felt an increase in ability to conduct effective due diligence on social impact organizations, and 78% of Partners experienced increased confidence in practicing effective giving.
Expenses $902,227 · Grants $592,992
-
LEARNING PROGRAMS: PARTNER PHILANTHROPY EDUCATION AND GRANTEE LEARNING:IN ADDITION TO LEARNING-ORIENTED GRANT ROUNDS, SV2 HOSTS REGULAR LEARNING EVENTS AT WHICH PARTNERS AND GRANTEES/IMPACT INVESTEES BUILD KNOWLEDGE AND SKILLS FOR WORKING IN THE SOCIAL IMPACT SPACE. THEY HEAR FROM SOCIAL SECTOR AND COMMUNITY LEADERS WHO SHARE THEIR EXPERIENCES AND LESSONS LEARNED. IN-DEPTH WORKSHOPS AND IMMERSIVE LEARNING TRIPS PROVIDE NEW SKILLS, UNDERSTANDING OF LOCAL ISSUES, AND OPPORTUNITIES FOR SV2 COMMUNITY MEMBERS TO CONNECT WITH AND LEARN FROM ONE ANOTHER. ALL PARTNERS AND GRANTEES/INVESTEES ARE INVITED TO PARTICIPATE.
Expenses $353,352 · Revenue $60,000
-
Innovation and R&D:SV2 extends its impact through field leadership (speaking, writing, social media), hosting major community-wide events, spearheading regular communications across our network, and building strategic partnerships with social impact-focused organizations.
Expenses $119,070
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
David OnekDAVID ONEK
CEO
- Total calculated
- $224,700
- From this org
- $224,700
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $224,700
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $224,700
-
Anne J Chang 85 FteANNE J CHANG 85 FTE
COO
- Total calculated
- $140,066
- From this org
- $122,718
- From related orgs
- $0
- Other
- $17,348
- Hours/week
- 34
-
Amy BadianiAMY BADIANI
DIR COMM ENGAGEMNT
- Total calculated
- $123,151
- From this org
- $116,987
- From related orgs
- $0
- Other
- $6,164
- Hours/week
- 40
-
Alison ElliottALISON ELLIOTT
Director
- Total calculated
- $0
- Hours/week
- 3
-
Cindy LangCINDY LANG
Director
- Total calculated
- $0
- Hours/week
- 3
-
Linda PrietoLINDA PRIETO
Director
- Total calculated
- $0
- Hours/week
- 3
-
Laura Arrillaga-AndreessenLAURA ARRILLAGA-ANDREESSEN
FOUNDER
- Total calculated
- $0
- Hours/week
- 3
-
Gatanya ArnicGATANYA ARNIC
Director
- Total calculated
- $0
- Hours/week
- 3
-
Kera JewettKERA JEWETT
Director
- Total calculated
- $0
- Hours/week
- 3
-
Jennifer MinJENNIFER MIN
Director
- Total calculated
- $0
- Hours/week
- 3
-
Kelly PopeKELLY POPE
Director
- Total calculated
- $0
- Hours/week
- 3
-
David DillDAVID DILL
Director
- Total calculated
- $0
- Hours/week
- 3
-
Lisa GuerraLISA GUERRA
Director
- Total calculated
- $0
- Hours/week
- 3
-
Nancy HeinenNANCY HEINEN
Director
- Total calculated
- $0
- Hours/week
- 3
-
Zelica Rodriguez-DeamsZELICA RODRIGUEZ-DEAMS
Director
- Total calculated
- $0
- Hours/week
- 3
-
Rekha Pai KamathREKHA PAI KAMATH
Director
- Total calculated
- $0
- Hours/week
- 3
-
Rachel KlausnerRACHEL KLAUSNER
Secretary
- Total calculated
- $0
- Hours/week
- 3
-
Rolland JanairoROLLAND JANAIRO
Director
- Total calculated
- $0
- Hours/week
- 3
-
Kwok LauKWOK LAU
CHAIR
- Total calculated
- $0
- Hours/week
- 3
-
Clara RoaCLARA ROA
Director
- Total calculated
- $0
- Hours/week
- 3
-
Paul WorkPAUL WORK
Treasurer
- Total calculated
- $0
- Hours/week
- 3
-
Grace MahGRACE MAH
Director
- Total calculated
- $0
- Hours/week
- 3
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
- 2 · Substantiation required before reimbursing expenses
- 3 · Approval by the board or compensation committee
- 5a · Pay contingent on this organization's revenues
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 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
-
$200,000
SUPPORT SOCIAL VENTURES
-
AYUDANDO LATINOS A SONAR
$90,000
GENERAL OPERATING SUPPORT
-
$90,000
GENERAL OPERATING SUPPORT
-
$90,000
GENERAL OPERATING SUPPORT
-
$90,000
GENERAL OPERATING SUPPORT
-
GRANTS LESS THAN 5000 EACH
$32,992
GENERAL OPERATING SUPPORT
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 19 February 2025
- IRS schema version
- 2023v6.0
- Source object
- 202540509349300329
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