2023-11-03T10:28:37-05:00 2022-12-31 941254756 HOOD & STRONG LLP 60 SO MARKET ST STE 200 SAN JOSE CA 95113 990 2022-01-01 454860788 SILICON SCHOOLS FUND INC SILI 5103945697 827 BROADWAY 300 OAKLAND CA 94607 CAITRIN WRIGHT CEO 5103507263 2023-11-02 1 CAITRIN WRIGHT 999009999 0 MAGA E KISRIEV P01008919 4089988400 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z CAITRIN WRIGHT 827 BROADWAY 300 OAKLAND CA 94607 14865688 0 X WWW.SILICONSCHOOLS.COM X 2012 CA SUPPORT THE LAUNCH OF EXCELLENT NEW SCHOOLS AND INNOVATIVE PRACTICES THAT IMPROVE EDUCATION. 6 5 5 5 0 0 9561353 6509525 0 0 328682 176051 0 0 9890035 6685576 4492280 6260333 0 0 1361432 1373063 0 0 110567 1129320 1131568 6983032 8764964 2907003 -2079388 28590142 26025925 125875 292446 28464267 25733479 X 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. 0 0 8401597 6260333 0 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. 8401597 1 1 0 1 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 7 0 1 5 1 0 0 0 0 0 0 0 0 0 0 0 0 X 6 5 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X CAITRIN WRIGHT 5103507263 827 BROADWAY 300 OAKLAND CA 94607 BRIAN GREENBERG CEO 50.00 X X 418604 0 44248 JOHN FISHER TREASURER 2.00 X X 0 0 0 GRACE VOORHIS DIRECTOR 2.00 X 0 0 0 LISA SOBRATO SONSINI DIRECTOR 2.00 X 0 0 0 SHAUNTEL GARVEY DIRECTOR 2.00 X 0 0 0 TOMMY CHANG DIRECTOR 2.00 X 0 0 0 CAITRIN WRIGHT PARTNER/SECRETARY 50.00 X 262892 0 38867 AMY NG PARTNER 50.00 X 158000 0 8867 ROBERT SCHWARTZ PARTNER 50.00 X 203710 0 47959 1043206 0 139941 4 0 1 0 TRANSCEND EDUCATION 159 LINCOLN AVE HASTINGS ON HUDSON NY 10706 SCHOOL DESIGN CONSULTING 335000 EDUCATION FIRST CONSULTING LLC PO BOX 22871 SEATTLE WA 98122 SCHOOL DESIGN CONSULTING 321133 LARSON COMMUNICATIONS 32158 CAMINO CAPISTRANO SUITE A-10 SAN JUAN CAPISTRANO CA 92675 COMMUNICATIONS CONSULTING 116200 3 6509525 1071229 6509525 2150 2150 8354013 8180112 173901 173901 173901 6685576 0 0 176051 6260333 6260333 1183145 978921 114729 89495 114057 94369 11060 8628 3689 3052 358 279 10442 8640 1012 790 61730 51319 6714 3697 924 924 35296 35296 25161 25161 56022 52404 3229 389 132482 113084 19101 297 110230 92593 12125 5512 29591 28111 1480 718771 718771 4454 4454 18637 18637 8764964 8401597 252800 110567 4622534 910993 1349632 256721 0 500000 26486 78849 41265 28453 12786 12812 22545041 24012573 33663 253977 28590142 26025925 106375 56265 19500 40000 0 196181 125875 292446 X 26969730 25233479 1494537 500000 28464267 25733479 28590142 26025925 -2079388 -651400 0 X 0 1 X 1 0 X 9769401 11786042 9648361 9561353 6509525 47274682 9769401 11786042 9648361 9561353 6509525 47274682 14199399 33075283 7142 16682 4072 1169 2150 31215 47305897 0.69920 0.71400 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 8739803 8739803 586990 146748 0 0 523905 529974 497925 586990 2138794 3208191 130976 132494 124481 146748 534699 802049 746 746 0 40519 27707 12812 12812 OPERATING LEASE LIABILITY 196181 196181 X 6009015 -651400 -651400 6660415 25161 25161 6685576 8739803 0 8739803 25161 25161 8764964 PART X, LINE 2: THE FUND IS A PUBLIC BENEFIT CHARITABLE CORPORATION AND IS EXEMPT FROM FEDERAL INCOME TAXES ON RELATED INCOME UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND FROM CALIFORNIA FRANCHISE AND/OR INCOME TAXES UNDER SECTION 23701D OF THE CALIFORNIA REVENUE AND TAXATION CODE. MANAGEMENT EVALUATED THE FUND'S TAX POSITIONS AND CONCLUDED THAT THE FUND HAD MAINTAINED ITS TAX-EXEMPT STATUS AND HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRED ADJUSTMENT TO THE FINANCIAL STATEMENTS. 1 ACHIEVE CHARTER SCHOOL PARADISE 771 ELLIOTT RD PARADISE CA 95969 202826797 501(C)(3) 318000 0 TO SUPPORT OPERATIONS OF THE SCHOOL ALPHA PUBLIC SCHOOLS 2110 STORY RD SAN JOSE CA 95122 271881962 501(C)(3) 122000 0 TO SUPPORT OPERATIONS OF THE SCHOOL AMERICAN RIVER COLLEGIATE ACADEMY 7755 HAZEL AVE ORANGEVALE CA 95662 364449502 501(C)(3) 197000 0 TO SUPPORT OPERATIONS OF THE SCHOOL ASPEN PUBLIC SCHOOLS 4221 N HUGHES AVE FRESNO CA 93705 562464910 501(C)(3) 551000 0 TO SUPPORT OPERATIONS OF THE SCHOOL ASPIRE PUBLIC SCHOOLS 1001 22ND AVENUE OAKLAND CA 94606 943311088 501(C)(3) 290000 0 TO SUPPORT OPERATIONS OF THE SCHOOL AURUM PREPARATORY ACADEMY 1034 66TH AVE OAKLAND CA 94621 811636171 501(C)(3) 42000 0 TO SUPPORT OPERATIONS OF THE SCHOOL CALIBER SCHOOLS ONE MONTGOMERY ST SUITE 2500 SAN FRANCISCO CA 94104 461219795 501(C)(3) 117000 0 TO SUPPORT OPERATIONS OF THE SCHOOL CHARTHOUSE PUBLIC SCHOOLS 150 N WIGET SUITE 203 WALNUT CREEK CA 94598 471506069 501(C)(3) 45000 0 TO SUPPORT OPERATIONS OF THE SCHOOL CHICO COUNTRY DAY SCHOOL 102 WEST 11TH STREET CHICO CA 95928 201224053 501(C)(3) 75000 0 TO SUPPORT OPERATIONS OF THE SCHOOL CLOVIS GLOBAL ACADEMY 44 SHAW AVE CLOVIS CA 93612 842873058 501(C)(3) 133333 0 TO SUPPORT OPERATIONS OF THE SCHOOL DIVERSITY IN LEADERSHIP INSTITUTE PO BOX 180114 LOS ANGELES CA 90018 844196472 501(C)(3) 100000 0 TO SUPPORT LEADERSHIP TRAINING FORTUNE SCHOOL 2890 GATEWAY OAKS DR 100 SACRAMENTO CA 95833 943187528 501(C)(3) 430000 0 TO SUPPORT OPERATIONS OF THE SCHOOL FRANKLIN-MCKINLEY SCHOOL DISTRICT 645 WOOL CREEK DRIVE SAN JOSE CA 95112 770059025 501(C)(3) 48000 0 TO SUPPORT OPERATIONS OF THE SCHOOL GOLDEN CHARTER ACADEMY 1626 W PRINCETON AVE FRESNO CA 93705 843677964 501(C)(3) 150000 0 TO SUPPORT OPERATIONS OF THE SCHOOL KAIROS PUBLIC SCHOOL VACAVILLE ACADEMY 129 ELM STREET VACAVILLE CA 95688 463776286 501(C)(3) 62500 0 TO SUPPORT OPERATIONS OF THE SCHOOL KIPP BAY AREA 1404 FRANKLIN STREET SUITE 500 OAKLAND CA 94612 205010766 501(C)(3) 500000 0 TO SUPPORT OPERATIONS OF THE SCHOOL LIGHTHOUSE COMMUNITY CHARTER 444 HEGENBERGER RD OAKLAND CA 94621 943370410 501(C)(3) 140000 0 TO SUPPORT OPERATIONS OF THE SCHOOL NEW SCHOOL OF SAN FRANCISCO 655 DE HARO STREET SAN FRANCISCO CA 94107 471102256 501(C)(3) 200000 0 TO SUPPORT OPERATIONS OF THE SCHOOL OAKLAND UNITY MIDDLE SCHOOL 6038 BRANN ST OAKLAND CA 94605 753107384 501(C)(3) 32000 0 TO SUPPORT OPERATIONS OF THE SCHOOL RED BRIDGE 2265 THIRD ST SAN FRANCISCO CA 94107 833987751 501(C)(3) 100000 0 TO SUPPORT OPERATIONS OF THE SCHOOL RIVET SCHOOL 1015 MACDONALD AVE RICHMOND CA 94801 823461657 501(C)(3) 38000 0 TO SUPPORT TEACHER TRAINING ROCKETSHIP EDUCATION 350 TWIN DOLPHIN DRIVE SUITE 109 REDWOOD CITY CA 94065 204040597 501(C)(3) 190000 0 TO SUPPORT THE EXPANSION OF THE INNOVATION PROGRAM, TO SUPPORT OPERATIONS OF THE SCHOOL ST CATHERINE OF SIENA 604 MELLUS STREET MARTINEZ CA 94553 825079749 501(C)(3) 50000 0 TO SUPPORT OPERATIONS OF THE SCHOOL SUMMIT PUBLIC SCHOOLS 455 FIFTH AVENUE REDWOOD CITY CA 94063 262034843 501(C)(3) 100000 0 TO SUPPORT OPERATIONS OF THE SCHOOL VOICES COLLEGE-BOUND LANGUAGE ACADEMY 4075 SACRAMENTO AVE SAN JOSE CA 95111 204741060 501(C)(3) 200000 0 TO SUPPORT OPERATIONS OF THE SCHOOL WILLIE J FRINK COLLEGE PREP 201 NEW STINE RD SUITE 200 BAKERSFIELD CA 93309 871144154 501(C)(3) 60000 0 TO SUPPORT OPERATIONS OF THE SCHOOL YU MING CHARTER SCHOOL 1086 ALCATRAZ AVE OAKLAND CA 94608 274260393 501(C)(3) 42000 0 TO SUPPORT OPERATIONS OF THE SCHOOL EDUCATION FOR CHANGE 303 HEGENBERGER ROAD SUITE 301 OAKLAND CA 94621 202204424 501(C)(3) 70000 0 TO SUPPORT OPERATIONS OF THE SCHOOL NEW PACIFIC SCHOOL 1401 EL CAMINO AVE SUITE 510 SACRAMENTO CA 95815 161727094 501(C)(3) 100000 0 TO SUPPORT OPERATIONS OF THE SCHOOL WESTLAKE CHARTER HIGH SCHOOL 2680 MABRY DR SACRAMENTO CA 95835 320149236 501(C)(3) 400000 0 TO SUPPORT OPERATIONS OF THE SCHOOL RIVER CHARTER SCHOOLS PO BOX 303 CLARKSBURG CA 95612 680628793 501(C)(3) 20000 0 TO SUPPORT OPERATIONS OF THE SCHOOL ST ELIZABETH ELEMENTARY 1516 33RD AVENUE OAKLAND CA 94601 941527086 501(C)(3) 75000 0 TO SUPPORT OPERATIONS OF THE SCHOOL DESIGN TECH HIGH SCHOOL #2 275 ORACLE PKWY REDWOOD CITY CA 94065 463705620 501(C)(3) 200000 0 TO SUPPORT OPERATIONS OF THE SCHOOL WATSONVILLE PREP SCHOOL 650 SAN BENITO ST SUITE 230 HOLLISTER CA 95023 274238843 501(C)(3) 39000 0 TO SUPPORT OPERATIONS OF THE SCHOOL MINDCATCHER 2645 POLK STREET 101 SAN FRANCISCO CA 94109 824635863 501(C)(3) 75000 0 TO SUPPORT LEADERSHIP TRAINING YUBA ENVIRONMENTAL SCIENCE CHARTER ACADEMY PO BOX 430 OREGON HOUSE CA 95962 421742420 501(C)(3) 31500 0 TO SUPPORT OPERATIONS OF THE SCHOOL INNOVATE PUBLIC SCHOOLS 150 ALMADEN BLVD SAN JOSE CA 95113 462155826 501(C)(3) 50000 0 TO SUPPORT LEADERSHIP TRAINING KENNEDY ELEMENTARY SCHOOL 1602 LUCRETIA AVE SAN JOSE CA 95122 770059025 501(C)(3) 40000 0 TO SUPPORT OPERATIONS OF THE SCHOOL STREAM CHARTER 455 ORO DAM BLVD E OROVILLE CA 95965 463910435 501(C)(3) 122000 0 TO SUPPORT OPERATIONS OF THE SCHOOL THE DAHLIA SCHOOL OF SAN FRANCISCO 116 CHANNEL STREET SAN FRANCISCO CA 94158 854368914 501(C)(3) 50000 0 TO SUPPORT OPERATIONS OF THE SCHOOL LATINOS FOR EDUCATION 177 HUNTINGTON AVE STE 1703 PMB 91135 BOSTON CA 02115 812883649 501(C)(3) 100000 0 TO SUPPORT LEADERSHIP TRAINING IGNITE READING PO BOX 969 GLADSTONE OR 97027 473240638 501(C)(3) 100000 0 TO SUPPORT THE EXPANSION OF THE INNOVATION PROGRAM NAVIGATOR SCHOOLS - MS SQUADS 650 SAN BENITO ST SUITE 230 HOLLISTER CA 95023 274238843 501(C)(3) 200000 0 TO SUPPORT OPERATIONS OF THE SCHOOL CAPITAL COLLEGE & CAREER ACADEMY 114 SANTIAGO AVE SACRAMENTO CA 95815 842143195 501(C)(3) 200000 0 TO SUPPORT OPERATIONS OF THE SCHOOL PERSEVERANCE PREP 281 GRAYSON TERRACE SAN JOSE CA 95126 813977275 501(C)(3) 50000 0 TO SUPPORT OPERATIONS OF THE SCHOOL 45 0 PART I, LINE 2: AT THE OUTSET, OUR ORGANIZATION AND ANY GRANTEE SIGNS A GRANT AGREEMENT WHICH INCLUDES A COMMITMENT TO ACCOUNTABILITY METRICS FOR THE GRANT FUNDS. OUR ORGANIZATION HAS CHECK-INS WITH GRANTEES AT LEAST 3 TIMES A YEAR TO DISCUSS THE WORK IN PROGRESS VS. THE GRANT'S GOALS. AT THE END OF THE YEAR THE ORGANIZATION MUST SUBMIT AN ANNUAL REPORT THAT REPORTS ON THE WORK DONE VS. THE GOALS AGREED UPON AT THE BEGINNING OF THE GRANT. THE ORGANIZATION ALSO MUST SUBMIT ITS FINANCIALS TO DEMONSTRATE THE USE OF FUNDS AND THE ACTUAL VS. BUDGETED FINANCIALS. X X X X 0 0 0 0 0 0 0 0 0 BRIAN GREENBERG CEO 413604 0 5000 0 0 0 12200 0 32048 0 462852 0 0 0 CAITRIN WRIGHT PARTNER/SECRETARY 257892 0 5000 0 0 0 11000 0 27867 0 301759 0 0 0 ROBERT SCHWARTZ PARTNER 197710 0 6000 0 0 0 8480 0 39479 0 251669 0 0 0 AMY NG PARTNER 151000 0 7000 0 0 0 6520 0 2347 0 166867 0 0 0 X 2 1071229 FMV 0 0 1 0 PART I, COLUMN (B): THIS COLUMN REPRESENTS THE NUMBER OF CONTRIBUTORS, NOT THE NUMBER OF ITEMS CONTRIBUTED. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS MADE AVAILABLE TO ALL BOARD MEMBERS, AND THE CEO AND AUDIT COMMITTEE CHAIR REVIEWED AND APPROVED THE FORM 990 PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C UPON AFFILIATION WITH THE ORGANIZATION, EMPLOYEES/BOARD MEMBERS ARE GIVEN THE CONFLICT OF INTEREST POLICY TO REVIEW AND THEN DISCLOSE ANY CONFLICTS. ALL AFFILIATED PEOPLE ARE ENCOURAGED AND REQUIRED TO DISCLOSE POTENTIAL CONFLICTS OF INTEREST TO THE BOARD AS THEY ARISE. ALL AFFILIATED PEOPLE ARE REQUIRED ANNUALLY TO REVIEW THE CONFLICT OF INTEREST POLICY AND SIGN A STATEMENT AFFIRMING THEY UNDERSTAND THE POLICY, AGREE TO COMPLY, AND DISCLOSE ANY NEW POTENTIAL CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 BASE COMPENSATION WAS DETERMINED BY FIRST DEFINING A SET OF CLOSELY COMPARABLE ORGANIZATIONS AND ROLES. INTERVIEWS WERE CONDUCTED WITH THESE ORGANIZATIONS REGARDING THEIR COMPENSATION STRUCTURE FOR RELEVANT POSITIONS. IN ADDITION, BENCHMARKING WAS CONDUCTED USING 990'S OF A BROADER SET OF ORGANIZATIONS THAT ARE ALSO COMPARABLE TO SILICON SCHOOLS FUND. THE BOARD WAS PRESENTED WITH THIS INFORMATION IN PREPARATION FOR MAKING AN INITIAL COMPENSATION DECISION FOR KEY EMPLOYEES. THE EMPLOYEE'S UNIQUE SKILLS AND PREVIOUS COMPENSATION WAS ALSO TAKEN INTO ACCOUNT. ANNUAL REVIEWS OF COMPENSATION ARE COMPLETED BY THE BOARD TO DETERMINE THE FUTURE YEAR'S BASE SALARY AND CURRENT YEAR BONUS. SALARY DECISIONS ARE BASED ON ANNUAL REVIEWS OF BENCHMARK SALARY DATA AND BONUS DECISIONS ARE BASED ON REVIEWS OF EMPLOYEES' PERFORMANCE. FORM 990, PART VI, SECTION C, LINE 19 WE WILL FURNISH ANY OF THESE DOCUMENTS UPON REQUEST.