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Nonprofiteer
← FUTURE TALENT OF SILICON VALLEY

Form 990 for tax year 2022

Filed by FUTURE TALENT OF SILICON VALLEY.

Totals

Total revenue
$1,594,967
Total expenses
$1,260,674
Contributions and grants received
$1,107,304
Grants paid
$9,000
Program service revenue
$347,214
Investment income
$8,506
Other revenue
$131,943
Total assets, end of year
$1,127,064
Total liabilities, end of year
$174,709
Net assets or fund balances, end of year
$952,355
Program services expenses (Part IX)
$1,067,233
Management and general expenses
$43,444
Fundraising expenses
$149,997
Program service expenses (Part III)
$1,067,233

Program services were 84.7% 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

    $204,163

  • 1e · Government grants (contributions)

    $124,322

  • 1f · All other contributions, gifts and grants

    $778,819

  • 2a · Program service revenue: PARTICIPANT FEES

    total $347,214 · related or exempt $347,214

  • 3 · Investment income

    total $8,506 · excluded $8,506

  • 8a · Fundraising events: gross income

    $304,711

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

    $204,163

  • 8b · Fundraising events: direct expenses

    $173,995

  • 8c · Net income from fundraising events

    total $130,716 · excluded $130,716

  • 11a · Other revenue: MISCELLANEOUS

    total $1,227 · related or exempt $1,227

  • 11e · Other revenue, total

    $1,227

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $9,000 · program services $9,000

  • 5 · Compensation of officers, directors and key employees

    total $217,510 · program services $189,477 · management and general $6,024 · fundraising $22,009

  • 7 · Other salaries and wages

    total $601,005 · program services $523,548 · management and general $16,644 · fundraising $60,813

  • 9 · Other employee benefits

    total $91,643 · program services $79,744 · management and general $2,556 · fundraising $9,343

  • 10 · Payroll taxes

    total $60,436 · program services $52,637 · management and general $1,676 · fundraising $6,123

  • 11b · Fees: legal

    total $1,975 · program services $1,953 · management and general $6 · fundraising $16

  • 11c · Fees: accounting

    total $21,503 · program services $18,781 · management and general $717 · fundraising $2,005

  • 11f · Fees: investment management

    total $138 · program services $120 · management and general $5 · fundraising $13

  • 11g · Fees: other

    total $33,700 · program services $3,232 · management and general $123 · fundraising $30,345

  • 12 · Advertising and promotion

    total $9,578 · program services $8,524 · management and general $278 · fundraising $776

  • 13 · Office expenses

    total $46,372 · program services $32,349 · management and general $581 · fundraising $13,442

  • 14 · Information technology

    total $9,304 · program services $7,706 · management and general $277 · fundraising $1,321

  • 16 · Occupancy

    total $14,285 · program services $11,875 · management and general $372 · fundraising $2,038

  • 17 · Travel

    total $4,750 · program services $4,519 · management and general $83 · fundraising $148

  • 19 · Conferences, conventions and meetings

    total $3,042 · program services $1,529 · management and general $1,411 · fundraising $102

  • 22 · Depreciation, depletion and amortization

    total $5,331 · program services $4,656 · management and general $178 · fundraising $497

  • 23 · Insurance

    total $11,942 · program services $6,323 · management and general $4,944 · fundraising $675

  • 24a · Other expenses: PROGRAM EXPENSES

    total $117,146 · program services $109,434 · management and general $7,449 · fundraising $263

  • 24b · Other expenses: STAFF DEVELOPMENT

    total $675 · program services $628 · management and general $10 · fundraising $37

  • 24c · Other expenses: BACKGROUND CHECKS

    total $1,237 · program services $1,198 · management and general $8 · fundraising $31

  • 24d · Other expenses: OTHER EXPENSES

    total $102 · management and general $102

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $753,821 · end of year $1,059,567

  • 2 · Savings and temporary cash investments

    beginning of year $10,000

  • 4 · Accounts receivable

    beginning of year $5,000 · end of year $33,400

  • 9 · Prepaid expenses and deferred charges

    beginning of year $21,646 · end of year $10,530

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

    $41,369

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

    $31,010

  • 10c · Land, buildings and equipment, net

    beginning of year $8,300 · end of year $10,359

  • 11 · Investments: publicly traded securities

    beginning of year $10,011 · end of year $10,858

  • 15 · Other assets

    beginning of year $2,350 · end of year $2,350

  • 17 · Accounts payable and accrued expenses

    beginning of year $9,194 · end of year $7,529

  • 19 · Deferred revenue

    beginning of year $39,000 · end of year $30,000

  • 24 · Unsecured notes and loans payable

    beginning of year $144,872 · end of year $137,180

  • 27 · Net assets without donor restrictions

    beginning of year $501,999 · end of year $746,896

  • 28 · Net assets with donor restrictions

    beginning of year $116,063 · end of year $205,459

Mission and programs · 2022

Mission

THE FUTURE TALENT OF SILICON VALLEY DEVELOPS YOUTH THROUGH THE GAME OF GOLF. OUR MISSION IS TO IMPACT YOUNG PEOPLE THROUGH EDUCATIONAL PROGRAMS THAT BUILD CHARACTER, INSTILL LIFE-ENHANCING VALUES, AND PROMOTE HEALTHY CHOICES, THROUGH THE GAME OF GOLF. CONTINUED ON SCH O.

  • THE FUTURE TALENT OF SILICON VALLEY DELIVERS YOUTH DEVELOPMENT PROGRAMS THROUGH OUTREACH (IN AND AFTER SCHOOL) & CERTIFYING CLASSES (AT AREA GOLF COURSES). THE CHILDREN IN OUR PROGRAM BEHAVE BETTER, GET BETTER GRADES, AND ARE HEALTHIER THAN THEIR PEERS. MORE THAN 1,719 YOUTH PARTICIPATED IN OUTREACH AND 1,065 PARTICIPATED IN CERTIFYING CLASSES IN 2022. TOTAL PROGRAM IMPACT WAS APPROXIMATELY 80% OF NORMAL DUE TO COVID PANDEMIC. OUTREACH: OVER 95% OF PARTICIPANTS CAME FROM DIVERSE BACKGROUNDS (E.G. LATINO), 40% WERE GIRLS, AND OVER 77% WERE ON THE FREE/REDUCED LUNCH PROGRAM AT THEIR SCHOOLS. ALL OUTREACH PROGRAMS ARE FREE TO YOUTH AND THEIR FAMILIES. CERTIFYING: OVER 85% OF CERTIFYING PARTICIPANTS CAME FROM DIVERSE BACKGROUNDS, 40% WERE GIRLS. MORE THAN 50% OF CURRENT CLASS COSTS ARE COVERED BY CONTRIBUTIONS, KEEPING CLASS FEES AFFORDABLE. MORE THAN 25% OF FAMILIES STILL REQUIRED FULL FINANCIAL AID TO COVER THE $230 CLASS FEE. THESE FAMILIES PAY JUST $20.

    Expenses $985,067 · Grants $9,000

  • THE FUTURE TALENT OF SILICON VALLEY PAYS FOR ITS USE OF AREA GOLFCOURSES THROUGH GREEN FEES, RANGE BALLS, INSTRUCTION, FOOD AND BEVERAGE CHARGES, MEETING SPACE RENTALS, AND MORE. THE TOTAL OPERATIONS COST FOR THESE ITEMS IS ABOUT $1,600 FOR A FULL 8-WEEK CLASS OF 16 PARTICIPANTS. GREEN FEES ARE TYPICALLY $10 PER PARTICIPANT PER ROUND - ABOUT $80 FOR AN 8-WEEK CLASS. THESE CHARGES ARE OFFSET THROUGH CONTRIBUTIONS AND PARTICIPANT FEES.

    Expenses $82,166

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

Listed in Part VII

  • George Maxe

    President CEO

    Total calculated
    $232,223
    From this org
    $217,510
    From related orgs
    $0
    Other
    $14,713
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $213,910
    Bonus
    not reported
    Other
    $3,600
    Deferred
    not reported
    Nontaxable benefits
    $14,713
    Filer's total
    $232,223

  • Judy Deaton

    Development Director

    Total calculated
    $150,746
    From this org
    $133,500
    From related orgs
    $0
    Other
    $17,246
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $131,100
    Bonus
    not reported
    Other
    $2,400
    Deferred
    not reported
    Nontaxable benefits
    $17,246
    Filer's total
    $150,746

  • Lucas Watson

    Director

    Total calculated
    $0
    Hours/week
    2

  • Andrea Brenholz

    Director

    Total calculated
    $0
    Hours/week
    2

  • Steve Petersen

    Director

    Total calculated
    $0
    Hours/week
    2

  • Steve Almassy Jr

    Director

    Total calculated
    $0
    Hours/week
    2

  • Victor M Arranaga Jr

    Chair

    Total calculated
    $0
    Hours/week
    6

  • Sarah Beelaard

    Director

    Total calculated
    $0
    Hours/week
    6

  • Ron Hallagan

    Secretary

    Total calculated
    $0
    Hours/week
    8

  • Steve Guerrero Jr

    Director

    Total calculated
    $0
    Hours/week
    6

  • Jay Stewart

    Treasurer

    Total calculated
    $0
    Hours/week
    4

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

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
2022
Filed
5 October 2023
IRS schema version
2022v5.0
Source object
202303079349303115

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