2021-11-15T17:53:02-06:00 2020-12-31 261508234 WHEELER ACCOUNTANTS LLP 1475 SARATOGA AVE STE 100 SAN JOSE CA 951294951 990 2020-01-01 770481921 HISPANIC FOUNDATION OF SILICON VALLEY HISP 4082167612 1922 THE ALAMEDA NO 217 SAN JOSE CA 95126 RON GONZALES PRESIDENT & CEO 4082167643 2021-11-15 true RON GONZALES 999009999 MICHAEL J BRYANT CPA P01568974 4082521800 2021-11-15 2020 2022-09-23 18:48:47Z RON GONZALES 1922 THE ALAMEDA NO 217 SAN JOSE CA 95126 2524202 false X WWW.HFSV.ORG X 1998 CA INVESTING IN THE HEALTH, EDUCATION & LEADERSHIP OF THE HISPANIC COMMUNITY IN SILICON VALLEY. 13 13 7 30 0 2153248 2463217 14390 18130 8866 2811 19987 12948 2196491 2497106 459000 1228922 0 709191 755781 0 328875 440807 605481 1608998 2590184 587493 -93078 3883694 3926024 95546 207894 3788148 3718130 X THE HISPANIC FOUNDATION OF SILICON VALLEY IS A PUBLIC FOUNDATION DEDICATED TO INSPIRING COMMUNITY PHILANTHROPY AND ENGAGING PEOPLE TO INVEST IN THE EDUCATIONAL ACHIEVEMENT, LEADERSHIP DEVELOPMENT, RESEARCH, AND CONVENING AND ENGAGING THE HISPANIC COMMUNITY TO IMPROVE THE QUALITY OF LIFE FOR LATINOS AND THE SILICON VALLEY REGION. false false 515308 513416 IN 2011 THE HISPANIC FOUNDATION OF SILICON VALLEY (HFSV) PUBLISHED THE FIRST SILICON VALLEY LATINO REPORT CARD TO BETTER UNDERSTAND LATINOS' LIVELIHOOD IN SILICON VALLEY. THE REPORT RESULTS PROVIDED SUBSTANTIAL DATA, ANALYSIS, AND COMPARISONS ABOUT THE CHALLENGES LATINOS FACE EVERY DAY AND SHARPENED HFSV'S MISSION TO IMPROVE THE QUALITY OF LIFE FOR LATINOS IN SILICON VALLEY THROUGH EDUCATION. IN EARLY 2014, HFSV WENT INTO LATINO NEIGHBORHOODS AND ASKED FAMILIES TO PARTICIPATE IN A SURVEY, A PROJECT THAT GENERATED OVER 2,000 RESPONSES. THE RESULT OF THIS WAS THE VOICES OF CHANGE REPORT PUBLISHED IN LATE 2014. THE REPORT INDICATED THAT 40% OF THE PARTICIPANTS PLACE EDUCATION AS THE MOST IMPORTANT CHALLENGE, AND INCREASING YOUTH PROGRAMS TO PREVENT STUDENT DROPOUTS IS THE SOLUTION. IN 2016, THE HISPANIC FOUNDATION COLLEGE SUCCESS CENTER (HFCSC) WAS DESIGNED FOR LATINX YOUTHS AND PARENTS TO INCREASE EDUCATIONAL OPPORTUNITIES. OUR HFCSC IS A ONE-STOP HUB THAT ENCAPSULATES OUR "CRADLE TO CAREER" COURSE OF ACTION THAT EMPOWERS ELEMENTARY SCHOOL, MIDDLE SCHOOL, HIGH SCHOOL, COLLEGE STUDENTS, AND THEIR PARENTS TO EXCEL THROUGH EDUCATION EFFORTS AND UNDERSTAND THE IMPORTANCE OF A COLLEGE EDUCATION. THE HFCSC HELPS STUDENTS AND PARENTS OBTAIN INFORMATION ON COLLEGE ACCESS, ADVICE, GUIDANCE, WORKSHOPS, AND ONLINE RESOURCES. THE HFCSC IS RUN BY TWO FULL-TIME HFSV STAFF AND AN INTERN FROM SANTA CLARA UNIVERSITY. MELISSA CANELA, EDUCATION PROGRAMS MANAGER, JOINED THE TEAM IN MARCH OF 2020 AND IS RESPONSIBLE FOR OVERSEEING THE HFCSC AND BUILDING COMMUNITY PARTNERSHIPS. KARLA MONDRAGON BECAME EDUCATION PROGRAMS COORDINATOR IN JANUARY 2021. IN HER ROLE, KARLA HANDLES PROGRAM LOGISTICS AND PARTNER COLLABORATIONS WITH CURRENT AND NEW PROGRAMS. CAROLYN VALENCIA JOINED THE HFCSC TEAM AS THE EDUCATION PROGRAMS INTERN IN OCTOBER OF 2020. SHE BROUGHT A NEW LEVEL OF CHARISMA AND ANALYTICAL SKILLS TO THE TEAM WITH HER EDUCATIONAL BACKGROUND IN FINANCE. 88822 43976 THE LATINO BOARD LEADERSHIP ACADEMY TRAINS LATINOS TO VOLUNTEER THEIR TIME IN LEADERSHIP ROLES AS BOARD MEMBERS OF NONPROFITS IN OUR REGION. LESS THAN 3% OF LATINOS SERVE ON NONPROFIT BOARDS IN SILICON VALLEY. WE RECRUIT, TRAIN, AND GUIDE LATINOS TO MAXIMIZE THEIR IMPACT. THIS 10-WEEK ACADEMY TRAINS LATINOS ON HOW TO SERVE IN LEADERSHIP ROLES AS BOARD MEMBERS OF NONPROFITS IN SILICON VALLEY. LBLA ADDRESSES THE LEADERSHIP GAP BY RECRUITING, TRAINING, AND GUIDING LATINOS TO MAXIMIZE THEIR POWER OF GIVING. FELLOWS WILL DEVELOP SKILLS AS A LEADER, INTEGRATE CULTURAL COMPETENCE, AND BE CONNECTED TO A STRONG NETWORK OF PEERS ACROSS SILICON VALLEY. LEADERSHIP DEVELOPMENT PROGRAMS LIKE THE LBLA, ALONGSIDE OUR EDUCATION EXCELLENCE INITIATIVES, ARE VITAL TO ADVANCING AND IMPROVING THE QUALITY OF LIFE FOR THE LATINX COMMUNITY IN SILICON VALLEY. 1458947 1226200 1493614 ALTHOUGH LATINOS REPRESENT 28% OF THE TOTAL POPULATION IN SILICON VALLEY, ONLY 3% ARE IN THE HI-TECH WORKFORCE. WITH 39% OF THE K-12 STUDENT POPULATION IDENTIFIED AS LATINO, WE ANTICIPATE THE CHALLENGE TO CONTINUE TO GROW. THE LATINOS IN TECHNOLOGY SCHOLARSHIP (LITS), ESTABLISHED BY THE HISPANIC FOUNDATION OF SILICON VALLEY IN 2015, IS AVAILABLE TO COLLEGE JUNIORS AND SENIORS IN GOOD STANDING WHO ARE PURSUING A COLLEGE DEGREE IN A STEM- RELATED FIELD. THIS PROGRAM'S GOAL IS TO PROVIDE FINANCIAL SUPPORT TO LATINO STUDENTS TO FACILITATE COLLEGE GRADUATION AND SUPPORT A ROBUST PIPELINE OF LATINO PROFESSIONALS IN STEM. THE SCHOLARSHIP PROVIDES UP TO 10,000 IN ANNUAL FINANCIAL SUPPORT FOR UP TO THREE YEARS. SUCCESSFUL METRICS OF OUR PROGRAM INCLUDE ON-TIME GRADUATION OF ALL SUPPORTED STUDENTS, INTEREST IN STEM-RELATED DEGREES, AND SUCCESSFUL CONVERSION OF HIRES FOR A SIGNIFICANT PERCENTAGE OF SUPPORTED STUDENTS UPON COMPLETION OF THEIR DEGREE. 46565 OTHER PROGRAM SERVICES 46565 2109642 true true false false false false false false false false true false false false true true true false false false false false false false true false false true true true false false false false false false false false false false false false false false false false false true 7 0 true 7 true false false false false false false false false X 13 13 false false false false false false false true true false false true true true true true true true false false CA X X X MARGARITA DEAVILA 4082167612 1922 THE ALAMEDA NO 217 SAN JOSE CA 95126 RON GONZALES PRESIDENT & 40.00 X 213572 0 0 LISA DOMINGUEZ DIRECTOR OF 40.00 X 113426 0 0 CLARA ROA CHIEF DEVELO 40.00 X 112038 0 0 ORIANA BRANON BOARD MEMBER 1.00 X 0 0 0 JUAN CUEVA BOARD MEMBER 1.00 X 0 0 0 ISAURA GAETA BOARD MEMBER 1.00 X 0 0 0 ANNA DAPELO GARCIA BOARD VICE C 3.00 X X 0 0 0 RAQUEL GONZALEZ BOARD CHAIR 5.00 X X 0 0 0 MARK MADRID BOARD MEMBER 1.00 X 0 0 0 STEVEN MARTINEZ BOARD TREASU 3.00 X X 0 0 0 RAY MONTALVO BOARD MEMBER 1.00 X 0 0 0 LINDSEY NEWBERN BOARD MEMBER 1.00 X 0 0 0 BEATRIZ MEDINA PRATT BOARD MEMBER 1.00 X 0 0 0 SERGIO RETAMAL SECOND VICE 3.00 X X 0 0 0 STUARDO ROBLES BOARD MEMBER 1.00 X 0 0 0 FEDERICO GOMEZ SCHUMACHER BOARD MEMBER 1.00 X 0 0 0 439036 3 false true false 331321 244034 1887862 6000 2463217 LBLA TUITION & FEES 611710 18130 18130 18130 5206 5206 2395 -2395 -2395 -2395 37649 331321 24701 12948 2497106 20941 X 1214500 1214500 14422 14422 213572 110084 21084 82404 450424 232167 44467 173790 45916 25805 3276 16835 45869 25073 3158 17638 196 196 502100 436846 55754 9500 4432 2314 1342 776 9139 3225 2276 3638 44100 26392 2968 14740 3333 183 3150 5056 2808 320 1928 2289 772 951 566 MISCELLANEOUS 13293 2819 7622 2852 TELEPHONE AND INTERNET 9097 4539 534 4024 IN-KIND SERVICES 6000 6000 FOOD 2903 1485 1234 184 3543 208 3335 2590184 2109642 151667 328875 3491028 3585933 100000 62500 100000 58415 17352 4927 58031 37322 5993 20709 169321 193540 3883694 3926024 95546 96518 111376 95546 207894 X 367127 942718 3421021 2775412 3788148 3718130 3883694 3926024 -93078 23060 X false true true false X 2493787 2147706 2430949 2153248 2463217 11688907 2493787 2147706 2430949 2153248 2463217 11688907 572772 11116135 637 1341 1194 752 5206 9130 74207 169903 182662 249409 368970 1045151 12743188 60985 0.87230 0.65140 X PART II, LINE 10 1,045,151 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 13277 13277 44754 24045 20709 20709 PPP LOAN 111376 111376 X 2520166 23060 23060 2497106 2497106 2590184 2590184 2590184 SCHEDULE D, PAGE 3, PART X IN ACCORDANCE WITH GAAP, AN ORGANIZATION MUST RECOGNIZE THE TAX BENEFIT ASSOCIATED WITH ANY TAX POSITIONS TAKEN FOR TAX RETURN PURPOSES WHEN IT IS MORE LIKELY THAN NOT THE POSITION WILL BE SUSTAINED. THE ORGANIZATION DOES NOT BELIEVE THERE ARE ANY MATERIAL UNCERTAIN TAX POSITIONS AND ACCORDINGLY, WILL NOT RECOGNIZE ANY LIABILITY OR BENEFIT FOR UNRECOGNIZED TAX POSITIONS. FOR THE YEARS ENDED DECEMBER 31, 2020 AND 2019, THERE WAS NO TAX RELATED INTEREST OR PENALTIES RECORDED OR INCLUDED IN THE FINANCIAL STATEMENTS. HISPANIC FOUNDA 348172 331321 16851 783 4819 SAN JOSE SHARKS 14341 14341 15000 4099 3 6457 6457 368970 331321 37649 15000 783 8918 24701 12948 true SVCF INSPIRE LLC 2440 WEST EL CAMINO REAL SUITE 300 MOUNTAIN VIEW CA 94040 205205488 501C3 1212000 SCHOLARSHIPS 76 14422 SCHEDULE I, PAGE 4, PART IV ALL PAYMENTS ARE PROVIDED TO THE SILICON VALLEY COMMUNITY FOUNDATION 501 (C)3 TO PROVIDE SCHOLARSHIPS. THE ELIGIBILITY FOR A SCHOLARSHIP ARE AS FOLLOWS: MUST BE OF A LATINO OR HISPANIC ORIGIN, HAVE A DECLARED MAJOR AND BEEN ACCEPTED INTO A STEM PROGRAM, COLLEGE STUDENTS ENTERING THEIR JUNIOR OR SENIOR YEAR AT A 4-YEAR COLLEGE, AND A 3.0 GPA. ADDITIONAL REQUIREMENTS CAN BE FOUND ON THE HISPANIC FOUNDATION WEBSITE. X false false false false false false false false false RON GONZALES PRESIDENT & CEO 213572 213572 FORM 990 - ORGANIZATION'S MISSION THE HISPANIC FOUNDATION OF SILICON VALLEY IS A PUBLIC FOUNDATION DEDICATED TO INSPIRING COMMUNITY PHILANTHROPY AND ENGAGING PEOPLE TO INVEST IN THE EDUCATIONAL ACHIEVEMENT, LEADERSHIP DEVELOPMENT, RESEARCH, AND CONVENING AND ENGAGING THE HISPANIC COMMUNITY TO IMPROVE THE QUALITY OF LIFE FOR LATINOS AND THE SILICON VALLEY REGION. FORM 990, PAGE 2, PART III, LINE 4A IN 2011 THE HISPANIC FOUNDATION OF SILICON VALLEY (HFSV) PUBLISHED THE FIRST SILICON VALLEY LATINO REPORT CARD TO BETTER UNDERSTAND LATINOS' LIVELIHOOD IN SILICON VALLEY. THE REPORT RESULTS PROVIDED SUBSTANTIAL DATA, ANALYSIS, AND COMPARISONS ABOUT THE CHALLENGES LATINOS FACE EVERY DAY AND SHARPENED HFSV'S MISSION TO IMPROVE THE QUALITY OF LIFE FOR LATINOS IN SILICON VALLEY THROUGH EDUCATION. IN EARLY 2014, HFSV WENT INTO LATINO NEIGHBORHOODS AND ASKED FAMILIES TO PARTICIPATE IN A SURVEY, A PROJECT THAT GENERATED OVER 2,000 RESPONSES. THE RESULT OF THIS WAS THE VOICES OF CHANGE REPORT PUBLISHED IN LATE 2014. THE REPORT INDICATED THAT 40% OF THE PARTICIPANTS PLACE EDUCATION AS THE MOST IMPORTANT CHALLENGE, AND INCREASING YOUTH PROGRAMS TO PREVENT STUDENT DROPOUTS IS THE SOLUTION. IN 2016, THE HISPANIC FOUNDATION COLLEGE SUCCESS CENTER (HFCSC) WAS DESIGNED FOR LATINX YOUTHS AND PARENTS TO INCREASE EDUCATIONAL OPPORTUNITIES. OUR HFCSC IS A ONE-STOP HUB THAT ENCAPSULATES OUR "CRADLE TO CAREER" COURSE OF ACTION THAT EMPOWERS ELEMENTARY SCHOOL, MIDDLE SCHOOL, HIGH SCHOOL, COLLEGE STUDENTS, AND THEIR PARENTS TO EXCEL THROUGH EDUCATION EFFORTS AND UNDERSTAND THE IMPORTANCE OF A COLLEGE EDUCATION. THE HFCSC HELPS STUDENTS AND PARENTS OBTAIN INFORMATION ON COLLEGE ACCESS, ADVICE, GUIDANCE, WORKSHOPS, AND ONLINE RESOURCES. THE HFCSC IS RUN BY TWO FULL-TIME HFSV STAFF AND AN INTERN FROM SANTA CLARA UNIVERSITY. MELISSA CANELA, EDUCATION PROGRAMS MANAGER, JOINED THE TEAM IN MARCH OF 2020 AND IS RESPONSIBLE FOR OVERSEEING THE HFCSC AND BUILDING COMMUNITY PARTNERSHIPS. KARLA MONDRAGON BECAME EDUCATION PROGRAMS COORDINATOR IN JANUARY 2021. IN HER ROLE, KARLA HANDLES PROGRAM LOGISTICS AND PARTNER COLLABORATIONS WITH CURRENT AND NEW PROGRAMS. CAROLYN VALENCIA JOINED THE HFCSC TEAM AS THE EDUCATION PROGRAMS INTERN IN OCTOBER OF 2020. SHE BROUGHT A NEW LEVEL OF CHARISMA AND ANALYTICAL SKILLS TO THE TEAM WITH HER EDUCATIONAL BACKGROUND IN FINANCE. FORM 990, PAGE 2, PART III, LINE 4B THE LATINO BOARD LEADERSHIP ACADEMY TRAINS LATINOS TO VOLUNTEER THEIR TIME IN LEADERSHIP ROLES AS BOARD MEMBERS OF NONPROFITS IN OUR REGION. LESS THAN 3% OF LATINOS SERVE ON NONPROFIT BOARDS IN SILICON VALLEY. WE RECRUIT, TRAIN, AND GUIDE LATINOS TO MAXIMIZE THEIR IMPACT. THIS 10-WEEK ACADEMY TRAINS LATINOS ON HOW TO SERVE IN LEADERSHIP ROLES AS BOARD MEMBERS OF NONPROFITS IN SILICON VALLEY. LBLA ADDRESSES THE LEADERSHIP GAP BY RECRUITING, TRAINING, AND GUIDING LATINOS TO MAXIMIZE THEIR POWER OF GIVING. FELLOWS WILL DEVELOP SKILLS AS A LEADER, INTEGRATE CULTURAL COMPETENCE, AND BE CONNECTED TO A STRONG NETWORK OF PEERS ACROSS SILICON VALLEY. LEADERSHIP DEVELOPMENT PROGRAMS LIKE THE LBLA, ALONGSIDE OUR EDUCATION EXCELLENCE INITIATIVES, ARE VITAL TO ADVANCING AND IMPROVING THE QUALITY OF LIFE FOR THE LATINX COMMUNITY IN SILICON VALLEY. FORM 990, PAGE 2, PART III, LINE 4C ALTHOUGH LATINOS REPRESENT 28% OF THE TOTAL POPULATION IN SILICON VALLEY, ONLY 3% ARE IN THE HI-TECH WORKFORCE. WITH 39% OF THE K-12 STUDENT POPULATION IDENTIFIED AS LATINO, WE ANTICIPATE THE CHALLENGE TO CONTINUE TO GROW. THE LATINOS IN TECHNOLOGY SCHOLARSHIP (LITS), ESTABLISHED BY THE HISPANIC FOUNDATION OF SILICON VALLEY IN 2015, IS AVAILABLE TO COLLEGE JUNIORS AND SENIORS IN GOOD STANDING WHO ARE PURSUING A COLLEGE DEGREE IN A STEM- RELATED FIELD. THIS PROGRAM'S GOAL IS TO PROVIDE FINANCIAL SUPPORT TO LATINO STUDENTS TO FACILITATE COLLEGE GRADUATION AND SUPPORT A ROBUST PIPELINE OF LATINO PROFESSIONALS IN STEM. THE SCHOLARSHIP PROVIDES UP TO 10,000 IN ANNUAL FINANCIAL SUPPORT FOR UP TO THREE YEARS. SUCCESSFUL METRICS OF OUR PROGRAM INCLUDE ON-TIME GRADUATION OF ALL SUPPORTED STUDENTS, INTEREST IN STEM-RELATED DEGREES, AND SUCCESSFUL CONVERSION OF HIRES FOR A SIGNIFICANT PERCENTAGE OF SUPPORTED STUDENTS UPON COMPLETION OF THEIR DEGREE. FORM 990, PAGE 2, PART III, LINE 4D OTHER PROGRAM SERVICES FORM 990, PAGE 6, PART VI, LINE 11B THE FORM 990 IS BROUGHT TO THE BOARD OF DIRECTORS FOR APPROVAL. ONCE APPROVED, THE FORMS ARE FILED. FORM 990, PAGE 6, PART VI, LINE 12C THE ORGANIZATION'S CONFLICT OF INTEREST POLICY STATES, "IT IS THE RESPONSIBILITY OF THE BOARD AND EMPLOYEES TO VOLUNTEER INFORMATION REGARDING POTENTIAL CONFLICTS OF INTEREST BEFORE PARTICIPATING IN ANY DISCUSSION OR NEGOTIATIONS RELATING TO THE ORGANIZATION." ANNUALLY BOARD MEMBERS AND EMPLOYEES ARE REQUIRED TO SIGN OFF ON A COPY OF THE CONFLICT OF INTEREST POLICY AND ADVISE THE ORGANIZATION OF ANY EXISTING OR POTENTIAL CONFLICTS OF INTEREST. THE CHAIR OF THE BOARD AND THE CEO ARE JOINTLY RESPONSIBLE FOR MONITORING THIS PROCESS. FORM 990, PAGE 6, PART VI, LINE 15A THE CEO'S COMPENSATION IS SET ANNUALLY BY THE BOARD OF DIRECTORS. THE PROCESS BEGINS WITH A PERFORMANCE EVALUATION OF THE CEO'S PAST ACCOMPLISHMENTS. COMPENSATION IS BASED ON THE MARKET VALUE DETERMINED BY THE BOARD OF DIRECTORS. FORM 990, PAGE 6, PART VI, LINE 19 ALL GOVERNING DOCUMENTS ARE CENTRALLY MAINTAINED IN THE FOUNDATION'S OFFICE. COPIES ARE MADE AVAILABLE UPON REQUEST IN EITHER "HARD OR SOFT" VERSION DEPENDING ON THE PREFERENCE OF THE REQUESTING PARTY. FORM 990, PART IX, LINE 11G PROGRAM SERVICE FEES 436,846 0 9,500 PROFESSIONAL SERVICE FEES 0 40,613 0 PAYROLL PROCESSING FEES 0 15,141 0 TOTAL 436,846 55,754 9,500