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Nonprofiteer
← JOINT VENTURE SILICON VALLEY NETWORK

Form 990 for tax year 2023

Filed by JOINT VENTURE SILICON VALLEY NETWORK.

Totals

Total revenue
$2,617,194
Total expenses
$2,601,917
Contributions and grants received
$2,583,382
Grants paid
$0
Program service revenue
$0
Investment income
$30,071
Other revenue
$3,741
Total assets, end of year
$2,041,480
Total liabilities, end of year
$1,197,157
Net assets or fund balances, end of year
$844,323
Program services expenses (Part IX)
$1,715,497
Management and general expenses
$698,043
Fundraising expenses
$188,377
Program service expenses (Part III)
$1,715,497

Program services were 65.9% 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.

  • 1c · Fundraising events

    $473,250

  • 1e · Government grants (contributions)

    $1,343,334

  • 1f · All other contributions, gifts and grants

    $766,798

  • 3 · Investment income

    total $30,343 · excluded $30,343

  • 6a · Gross rents

    real property $117,839

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $117,839

  • 6d · Net rental income or loss

    total $117,839 · related or exempt $117,839

  • 7a · Gross sales of assets other than inventory

    securities $200,000

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

    securities $200,272

  • 7c · Gain or loss

    securities -$272

  • 7d · Net gain or loss

    total -$272 · excluded -$272

  • 8a · Fundraising events: gross income

    $8,123

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

    $473,250

  • 8b · Fundraising events: direct expenses

    $70,333

  • 8c · Net income from fundraising events

    total -$62,210 · excluded -$62,210

  • 11a · Other revenue: LEASE IMPAIRMENT LOSS

    total -$51,888 · excluded -$51,888

  • 11e · Other revenue, total

    -$51,888

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $531,522 · program services $316,898 · management and general $107,312 · fundraising $107,312

  • 7 · Other salaries and wages

    total $990,061 · program services $670,187 · management and general $299,108 · fundraising $20,766

  • 9 · Other employee benefits

    total $96,758 · program services $58,971 · management and general $28,311 · fundraising $9,476

  • 10 · Payroll taxes

    total $167,468 · program services $60,932 · management and general $103,599 · fundraising $2,937

  • 11b · Fees: legal

    total $1,000 · management and general $1,000

  • 11c · Fees: accounting

    total $81,140 · management and general $81,140

  • 11g · Fees: other

    total $59,354 · program services $24,100 · management and general $21,930 · fundraising $13,324

  • 13 · Office expenses

    total $99,418 · program services $84,668 · management and general $11,408 · fundraising $3,342

  • 16 · Occupancy

    total $136,118 · program services $92,828 · management and general $33,291 · fundraising $9,999

  • 17 · Travel

    total $93,861 · program services $90,913 · management and general $2,324 · fundraising $624

  • 22 · Depreciation, depletion and amortization

    total $7,884 · program services $5,371 · management and general $1,933 · fundraising $580

  • 23 · Insurance

    total $7,740 · program services $5,273 · management and general $1,898 · fundraising $569

  • 24a · Other expenses: MEMBERSHIPS

    total $211,095 · program services $210,905 · management and general $146 · fundraising $44

  • 24b · Other expenses: CONSULTING

    total $96,459 · program services $77,459 · fundraising $19,000

  • 24c · Other expenses: DATABASE EXPENSE

    total $13,250 · program services $13,250

  • 24d · Other expenses: RENTAL AND MAINTENANCE

    total $5,116 · program services $3,486 · management and general $1,254 · fundraising $376

  • 24e · All other expenses

    total $3,673 · program services $256 · management and general $3,389 · fundraising $28

  • 26 · Joint costs (an allocation of the lines above)

    total $174,885 · program services $76,949 · management and general $0 · fundraising $97,936

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $366,561 · end of year $280,656

  • 2 · Savings and temporary cash investments

    beginning of year $199,459 · end of year $199,809

  • 3 · Pledges and grants receivable

    beginning of year $703,103 · end of year $848,615

  • 9 · Prepaid expenses and deferred charges

    beginning of year $47,044 · end of year $42,428

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

    $49,888

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

    $34,918

  • 10c · Land, buildings and equipment, net

    beginning of year $22,854 · end of year $14,970

  • 15 · Other assets

    beginning of year $816,049 · end of year $655,002

  • 17 · Accounts payable and accrued expenses

    beginning of year $308,616 · end of year $324,568

  • 19 · Deferred revenue

    beginning of year $167,500 · end of year $150,000

  • 25 · Other liabilities

    beginning of year $849,908 · end of year $722,589

  • 27 · Net assets without donor restrictions

    beginning of year $355,617 · end of year $471,463

  • 28 · Net assets with donor restrictions

    beginning of year $473,429 · end of year $372,860

Mission and programs · 2023

Mission

THE MISSION OF JOINT VENTURE IS TO FOSTER THE HEALTH AND VITALITY OF SILICON VALLEY FOR ALL THE PEOPLE WHO LIVE AND WORK HERE. WE PURSUE OUR MISSION BY (1) PROVIDING DATA, RESEARCH AND ANALYSIS THROUGH OUR RESEARCH ARM, THE INSTITUTE FOR REGIONAL STUDIES, AND (2) CONVENING THE REGION'S ESTABLISHED AND EMERGING LEADERSACROSS BUSINESS, GOVERNMENT, ACADEMIA, LABOR, AND THE BROADER COMMUNITYTO TAKE UP THE CHALLENGES SPOTLIGHTED BY THE RESEARCH.

  • INSTITUTE FOR REGIONAL STUDIES: THE SILICON VALLEY INSTITUTE FOR REGIONAL STUDIES IS THE RESEARCH ARM OF JOINT VENTURE SILICON VALLEY THAT PROVIDES RESEARCH AND ANALYSIS ON THE REGION. RESEARCH TOPICS FOCUS ON ECONOMIC AND COMMUNITY HEALTH ISSUES IN SILICON VALLEY AND THE GREATER BAY AREA, AND ON BROADER REGIONAL ISSUES. THE INSTITUTE MANAGES A VARIETY OF REGIONAL RESOURCES FOR THE PUBLIC BENEFIT, PROVIDES A STEADY STREAM OF RESEARCH PRODUCTS TO THE COMMUNITY, AND CONDUCTS WORK ON A CONTRACT BASIS RANGING FROM CUSTOM DATA REQUESTS TO FULL RESEARCH STUDIES.

    Expenses $615,985

  • FOOD RESCUE INITIATIVE: JOINT VENTURE'S FOOD RECOVERY INITIATIVE SUPPORTS ORGANIZATIONS, BUSINESSES, AND GOVERNMENTS WORKING TO MAKE THE MOST OF SURPLUS FOOD AND TO MINIMIZE THE ENVIRONMENTAL IMPACTS OF FOOD WASTE. FOOD RECOVERY IS A SYSTEM WHEREBY FOOD BANKS AND OTHER ORGANIZATIONS COLLECT AND REDISTRIBUTE SURPLUS FOOD FROM COMMERCIAL SOURCES (SUCH AS GROCERY STORES, RESTAURANTS, AND MORE) TO THOSE IN NEED OF FOOD ASSISTANCE SAFELY, CONVENIENTLY, AND AT LOW OR NO COST. FOOD RECOVERY PLAYS A UNIQUE ROLE IN THE FOOD SUPPLY CHAIN, BRIDGING THE GAP BETWEEN THE ABUNDANCE OF NUTRITIOUS SURPLUS FOOD OUT OF REACH TO SO MANY, AND THOSE WHO NEED IT MOST.

    Expenses $578,693

  • SVEDA: THE SILICON VALLEY ECONOMIC DEVELOPMENT ALLIANCE (SVEDA) IS COMPRISED OF CITIES AND COUNTIES FOCUSED ON ACHIEVING INDIVIDUAL AND REGIONAL ECONOMIC DEVELOPMENT GOALS WHILE MAXIMIZING SCARCE RESOURCES. THEY ARE COMMITTED TO ADDRESSING BUSINESS NEEDS, WHETHER THROUGH LOCAL GOVERNMENT POLICY AND STREAMLINED PERMITTING PROCESSES, OR LINKING BUSINESSES.

    Expenses $365,027

  • Expenses $155,792 · Revenue $117,839

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Susan Ellenberg

    CO-CHAIR

    Total calculated
    $0
    Hours/week
    2

  • John Tenanes

    CO-CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Charles Atkins

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Corey Verway

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Curtis Mo

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Cyntia Teniente Matsen

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • David Bini

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • David Entwistle

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • David Sacarelos

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Delinda Mrowka

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Ed Shikada

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Emily Matthews

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Eric Houser

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Gina Dalma

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Jared Shawlee

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Javier Gonzalez

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • John Varela

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • John A Sobrato

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • John Aitken

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Jon Cowan

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Julie Sullivan

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Karena Shackelford

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Katie Ferrick

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Kelly Kline

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Lisa Bowman

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Mairtini Nidhomhnaill

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Mark Parnes

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Matt Mahan

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Neeraj Vadhan

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Rakesh Chaudhary

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Raquel Gonzalez

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Sherri Sager

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Steve Weiner

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Russell Hancock

    PRESIDENT/CEO

    Total calculated
    $352,497
    From this org
    $352,497
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $344,997
    Bonus
    $7,500
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $352,497

  • Rachel Massaro

    VP & DIRECTOR OF RESEARCH

    Total calculated
    $161,050
    From this org
    $161,050
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $161,050
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $161,050

  • Ashley Raggio

    COO

    Total calculated
    $137,025
    From this org
    $137,025
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Robin Doran

    VP, COMMUNICATIONS

    Total calculated
    $102,834
    From this org
    $102,834
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Kara Gross

    DIRECTOR, PUBLIC SECTOR CLIMATE INITIATIVES AND EX

    Total calculated
    $130,905
    From this org
    $130,905
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Jill Jennings

    CREATIVE DIRECTOR

    Total calculated
    $101,500
    From this org
    $101,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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 · 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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
25 February 2025
IRS schema version
2023v6.0
Source object
202520589349301302

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