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Nonprofiteer
← SILICON SCHOOLS FUND INC

Form 990 for tax year 2022

Filed by SILICON SCHOOLS FUND INC.

Totals

Total revenue
$6,685,576
Total expenses
$8,764,964
Contributions and grants received
$6,509,525
Grants paid
$6,260,333
Program service revenue
$0
Investment income
$176,051
Other revenue
$0
Total assets, end of year
$26,025,925
Total liabilities, end of year
$292,446
Net assets or fund balances, end of year
$25,733,479
Program services expenses (Part IX)
$8,401,597
Management and general expenses
$252,800
Fundraising expenses
$110,567
Program service expenses (Part III)
$8,401,597

Program services were 95.9% 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

    $6,509,525

  • 1g · Noncash contributions included above

    $1,071,229

  • 3 · Investment income

    total $2,150 · excluded $2,150

  • 7a · Gross sales of assets other than inventory

    securities $8,354,013

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

    securities $8,180,112

  • 7c · Gain or loss

    securities $173,901

  • 7d · Net gain or loss

    total $173,901 · excluded $173,901

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $6,260,333 · program services $6,260,333

  • 5 · Compensation of officers, directors and key employees

    total $1,183,145 · program services $978,921 · management and general $114,729 · fundraising $89,495

  • 7 · Other salaries and wages

    total $114,057 · program services $94,369 · management and general $11,060 · fundraising $8,628

  • 8 · Pension plan contributions

    total $3,689 · program services $3,052 · management and general $358 · fundraising $279

  • 9 · Other employee benefits

    total $10,442 · program services $8,640 · management and general $1,012 · fundraising $790

  • 10 · Payroll taxes

    total $61,730 · program services $51,319 · management and general $6,714 · fundraising $3,697

  • 11b · Fees: legal

    total $924 · management and general $924

  • 11c · Fees: accounting

    total $35,296 · management and general $35,296

  • 11f · Fees: investment management

    total $25,161 · management and general $25,161

  • 11g · Fees: other

    total $56,022 · program services $52,404 · management and general $3,229 · fundraising $389

  • 13 · Office expenses

    total $132,482 · program services $113,084 · management and general $19,101 · fundraising $297

  • 16 · Occupancy

    total $110,230 · program services $92,593 · management and general $12,125 · fundraising $5,512

  • 17 · Travel

    total $29,591 · program services $28,111 · fundraising $1,480

  • 19 · Conferences, conventions and meetings

    total $718,771 · program services $718,771

  • 22 · Depreciation, depletion and amortization

    total $4,454 · management and general $4,454

  • 23 · Insurance

    total $18,637 · management and general $18,637

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,622,534 · end of year $910,993

  • 2 · Savings and temporary cash investments

    beginning of year $1,349,632 · end of year $256,721

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $500,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $26,486 · end of year $78,849

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

    $41,265

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

    $28,453

  • 10c · Land, buildings and equipment, net

    beginning of year $12,786 · end of year $12,812

  • 11 · Investments: publicly traded securities

    beginning of year $22,545,041 · end of year $24,012,573

  • 15 · Other assets

    beginning of year $33,663 · end of year $253,977

  • 17 · Accounts payable and accrued expenses

    beginning of year $106,375 · end of year $56,265

  • 19 · Deferred revenue

    beginning of year $19,500 · end of year $40,000

  • 25 · Other liabilities

    beginning of year $0 · end of year $196,181

  • 27 · Net assets without donor restrictions

    beginning of year $26,969,730 · end of year $25,233,479

  • 28 · Net assets with donor restrictions

    beginning of year $1,494,537 · end of year $500,000

Mission and programs · 2022

Mission

THE MISSION OF THE SILICON SCHOOLS FUND IS TO IMPROVE EDUCATION THROUGH SUPPORTING THE LAUNCH OF EXCELLENT NEW SCHOOLS, IMPROVING ACADEMIC INSTRUCTION IN EXISTING SCHOOLS, AND BY FUNDING SOME OF THE BOLDEST INNOVATIONS IN EDUCATION HAPPENING IN THE COUNTRY. OUR PARTNER ORGANIZATIONS SERVE AS LABS OF INNOVATION AND PROOF POINTS FOR THE SECTOR.

Activities or mission (Part I)

SUPPORT THE LAUNCH OF EXCELLENT NEW SCHOOLS AND INNOVATIVE PRACTICES THAT IMPROVE EDUCATION.

  • SILICON SCHOOLS FUND (SSF) CONDUCTED A DUE DILIGENCE AND GRANT-MAKING PROGRAM FOCUSED ON PROVIDING SEED FUNDING TO EXCELLENT SCHOOLS IMPLEMENTING NEXT GENERATION LEARNING MODELS, INSTRUCTIONAL IMPROVEMENT EFFORTS, AND INNOVATION IN EDUCATION. IN 2022, SILICON SCHOOLS FUND MADE GRANTS TO 74 ORGANIZATIONS THAT WILL USE THE FUNDING TO SUPPORT THE CREATION OF NEW SCHOOLS, IMPROVEMENT OF EXISTING SCHOOLS AND RELATED HUMAN CAPITAL AND INNOVATION EFFORTS.

    Expenses $8,401,597 · Grants $6,260,333

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

Listed in Part VII

  • Brian Greenberg

    CEO

    Total calculated
    $462,852
    From this org
    $418,604
    From related orgs
    $0
    Other
    $44,248
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $413,604
    Bonus
    $5,000
    Other
    $0
    Deferred
    $12,200
    Nontaxable benefits
    $32,048
    Filer's total
    $462,852

  • John Fisher

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Grace Voorhis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Lisa Sobrato Sonsini

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Shauntel Garvey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Tommy Chang

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Caitrin Wright

    PARTNER/SECRETARY

    Total calculated
    $301,759
    From this org
    $262,892
    From related orgs
    $0
    Other
    $38,867
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $257,892
    Bonus
    $5,000
    Other
    $0
    Deferred
    $11,000
    Nontaxable benefits
    $27,867
    Filer's total
    $301,759

  • Amy Ng

    PARTNER

    Total calculated
    $166,867
    From this org
    $158,000
    From related orgs
    $0
    Other
    $8,867
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $151,000
    Bonus
    $7,000
    Other
    $0
    Deferred
    $6,520
    Nontaxable benefits
    $2,347
    Filer's total
    $166,867

  • Robert Schwartz

    PARTNER

    Total calculated
    $251,669
    From this org
    $203,710
    From related orgs
    $0
    Other
    $47,959
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $197,710
    Bonus
    $6,000
    Other
    $0
    Deferred
    $8,480
    Nontaxable benefits
    $39,479
    Filer's total
    $251,669

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 committee
  • 3 · Form 990 of other organizations
  • 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

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

Provenance

Return type
form_990
Tax year
2022
Filed
2 November 2023
IRS schema version
2022v5.0
Source object
202333079349301718

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