Form 990 for tax year 2023
Filed by SILICON VALLEY LEADERSHIP GROUP FOUNDATION.
Totals
- Total revenue
- $1,149,255
- Total expenses
- $1,270,941
- Contributions and grants received
- $644,841
- Grants paid
- $561,838
- Program service revenue
- $0
- Investment income
- $889
- Other revenue
- $503,525
- Total assets, end of year
- $1,468,071
- Total liabilities, end of year
- $721,597
- Net assets or fund balances, end of year
- $746,474
- Program services expenses (Part IX)
- $1,026,385
- Management and general expenses
- $244,556
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,026,385
Program services were 80.8% 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
$627,731
-
1e · Government grants (contributions)
$16,750
-
1f · All other contributions, gifts and grants
$360
-
3 · Investment income
total $889 · excluded $889
-
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: gross income
$1,170,687
-
8a · Fundraising events: contributions included on line 1c
$644,481
-
8b · Fundraising events: direct expenses
$667,162
-
8c · Net income from fundraising events
total $503,525 · excluded $503,525
-
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 $561,838 · program services $561,838
-
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 $183,009 · program services $152,190 · management and general $30,819
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $238,873 · program services $223,914 · management and general $14,959
-
8 · Pension plan contributions
total $2,206 · management and general $2,206
-
9 · Other employee benefits
total $5,188 · management and general $5,188
-
10 · Payroll taxes
total $30,544 · management and general $30,544
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $72,601 · management and general $72,601
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $48,732 · program services $48,732
-
13 · Office expenses
total $81,729 · program services $11,452 · management and general $70,277
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $0
-
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 $691 · program services $691
-
23 · Insurance
total $26,501 · program services $14,782 · management and general $11,719
-
24a · Other expenses: Dues and other charges
total $19,029 · program services $12,786 · management and general $6,243
-
24e · All other expenses
total $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $148,592 · end of year $220,199
-
2 · Savings and temporary cash investments
beginning of year $921,129 · end of year $536,373
-
3 · Pledges and grants receivable
beginning of year $375,360 · end of year $460,743
-
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 $250,000
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
end of year $102
-
10a · Land, buildings and equipment: cost or other basis
$6,088
-
10b · Land, buildings and equipment: accumulated depreciation
$5,434
-
10c · Land, buildings and equipment, net
beginning of year $1,345 · end of year $654
-
11 · Investments: publicly traded securities
end of year $0
-
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 $0
-
17 · Accounts payable and accrued expenses
beginning of year $119,493 · end of year $99,997
-
18 · Grants payable
beginning of year $458,773 · end of year $621,600
-
27 · Net assets without donor restrictions
beginning of year $851,360 · end of year $729,674
-
28 · Net assets with donor restrictions
beginning of year $16,800 · end of year $16,800
Mission and programs · 2023
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)
Raise money to address hunger, affordable housing and childrens health and welfare in Silicon Valley by producing and operating community building events including an annual Thanksgiving Day running road race.
-
The Foundation conducts several events and initiatives under one program, as outlined below:Applied Materials Silicon Valley Turkey Trot - The Applied Materials Silicon Valley Turkey Trot supports local charitable organizations, including the Healthier Kids Foundation, Housing Trust Silicon Valley, Second Harvest Silicon Valley, Second Harvest Food Bank of Santa Cruz County, and The Health Trust. Founded in 2005, this event has raised over $10 million to support community members in need and is the largest Thanksgiving Day race in the United States.Lam Research Heart & Soles Run - In collaboration with the Santa Clara County Office of Education, the Silicon Valley Leadership Group Foundation established the Heart & Soles Run/Walk event to promote childrens health and wellness in Silicon Valley. Lam Research serves as the Title Sponsor, and since the events founding in 2014, it has raised over $800,000 to support the Foundations health initiatives.Santa Run Silicon Valley - The Santa Run Silicon Valley supports Christmas in the Park and Downtown Ice, two beloved San Jose holiday traditions. The event has raised over $400,000 to sustain these community events and has also collected nearly 2,000 children's books over five years for Reading Partners. This festive 5K Run/Walk invites participants to dress as holiday characters, with the race finishing at Christmas in the Park, where participants enjoy seasonal treats like milk and cookies.Hire Learning - Launched in 2018 as "Community College to Career and now known as Hire Learning, this initiative connects Leadership Group member companies, Silicon Valley community colleges, and partner nonprofits. It has provided over 2,000 work-based learning, career exposure, and hiring opportunities to community college students. Hire Learning focuses on expanding access to career opportunities, diversifying the STEM workforce pipeline, and helping students gain entry into innovative industries.
Expenses $1,026,385 · Grants $561,838
As filed on the 2023 return.
Listed in Part VII
-
Chris Weiler
Race Director
- Total calculated
- $183,009
- From this org
- $160,200
- From related orgs
- $0
- Other
- $22,809
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $160,200
- Bonus
- not reported
- Other
- not reported
- Deferred
- $9,750
- Nontaxable benefits
- $13,059
- Filer's total
- $183,009
-
Kim Fennell
Board chair
- Total calculated
- $0
- Hours/week
- 1
-
Michelle VonderHaar
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Tom Hayse
Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
Nadia Ahmad
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
-
Jenni Luke
Board member
- Total calculated
- $0
- Hours/week
- 1
-
Jacob Martinez
Board member
- Total calculated
- $0
- Hours/week
- 1
-
Kathleen King
Board member
- Total calculated
- $0
- Hours/week
- 1
-
Charlotta Carter
Board member
- Total calculated
- $0
- Hours/week
- 1
-
Sonu Ratra
Board member
- Total calculated
- $0
- Hours/week
- 1
-
Jim Snell
Board member
- Total calculated
- $0
- Hours/week
- 1
-
Vishal Verma
Board member
- Total calculated
- $0
- Hours/week
- 1
-
Kyra Whitten
Board member
- Total calculated
- $0
- Hours/week
- 1
-
Ahmad Thomas
Executive Dir.
- Total calculated
- $0
- Hours/week
- 8
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 · Form 990 of other organizations
- 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
The filer's explanations (Part III)
- Part II, Compensation from Unrelated Organizations
- 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
-
$168,779
food programs
-
$156,580
healthcare programs
-
$152,079
healthcare programs
-
$59,400
food programs
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.
-
THE SILICON VALLEY LEADERSHIP GROUP
501(C)(6) · To improve business and quality of life · CA
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 15 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202433209349320533
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