2021-11-11T11:40:05-06:00 2020-12-31 941254756 HOOD & STRONG LLP 275 BATTERY STREET STE 900 SAN FRANCISCO CA 94111 990 2020-01-01 454860788 SILICON SCHOOLS FUND INC SILI 5103507263 827 BROADWAY NO 300 OAKLAND CA 94607 BRIAN GREENBERG CEO 5103507263 2021-11-08 1 BRIAN GREENBERG 999009999 MAGA E KISRIEV P01008919 4157810793 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z BRIAN GREENBERG 827 BROADWAY NO 300 OAKLAND CA 94607 40817534 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 11786042 9648361 0 0 411566 361203 0 0 12197608 10009564 5713619 5283208 0 0 1177122 1375356 0 0 107822 603723 963695 7494464 7622259 4703144 2387305 24054725 26357525 314183 428482 23740542 25929043 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 7274948 5283208 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 AS WELL AS HUMAN CAPITAL ORGANIZATIONS SUPPORTING THIS WORK. IN 2020, SILICON SCHOOLS FUND MADE GRANTS TO 57 ORGANIZATIONS THAT WILL USE THE FUNDING TO SUPPORT THE CREATION OF NEW SCHOOLS AND RELATED HUMAN CAPITAL EFFORTS. 7274948 1 1 0 1 0 0 0 0 0 0 1 0 0 0 0 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 5 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 NO 300 OAKLAND CA 94607 BRIAN GREENBERG CEO 50.00 X X 399342 0 48214 JOHN FISHER TREASURER AND SECRETARY 2.00 X X 0 0 0 MICHAEL HORN 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 50.00 X 245780 0 36286 ROBERT SCHWARTZ PARTNER 50.00 X 188075 0 44772 AMY NG PARTNER 50.00 X 118823 0 19123 LORETTA HICKMAN PARTNER 50.00 X 128000 0 19626 1080020 0 168021 5 0 1 0 TRANSCEND EDUCATION 159 LINCOLN AVE HASTINGS ON HUDSON NY 10706 SCHOOL DESIGN CONSULTING 356667 1 9648361 1045643 9648361 4072 4072 31165101 30807970 357131 357131 357131 10009564 0 0 361203 5283208 5283208 447550 371703 42963 32884 699708 581120 67177 51411 39822 33073 3823 2926 128199 106472 12308 9419 60077 50276 6334 3467 7846 7846 31453 31453 20425 20425 23131 11507 11233 391 13258 5142 7810 306 121698 102226 13387 6085 18655 17722 933 712499 712499 3699 3699 10806 10806 TAXES & LICENSES 225 225 7622259 7274948 239489 107822 4783727 695248 2380102 1247351 2500130 750260 16514 45869 30093 21767 12025 8326 14328564 23576808 33663 33663 24054725 26357525 74183 236482 240000 192000 314183 428482 X 20965412 24066123 2775130 1862920 23740542 25929043 24054725 26357525 X 2387305 -201160 2356 X 0 1 X 1 0 X 11324764 8238402 9769401 11786042 9648361 50766970 11324764 8238402 9769401 11786042 9648361 50766970 13915910 36851060 480 1081 7142 16682 4072 29457 50796427 913 0.72550 0.69070 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 7599478 7599478 529974 132494 0 0 478776 553565 523905 529974 2086220 3129330 119694 138391 130976 132494 521555 782333 1742 1742 0 28351 20025 8326 8326 X 9787979 -201160 -201160 9989139 20425 20425 10009564 7599478 0 7599478 20425 2356 22781 7622259 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 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. PART XII, LINE 4B - OTHER ADJUSTMENTS: RETURNED GRANTS 2,356. 1 VOICES COLLEGE-BOUND LANGUAGE ACADEMY 4075 SACRAMENTO AVE SAN JOSE CA 95111 204741060 501(C)(3) 112400 0 TO SUPPORT THE ONGOING OPERATIONS OF THE SCHOOL; TO SUPPORT THEIR LEADERSHIP DEV LUMEN CHRISTI ACADEMIES 2121 HARRISON ST OAKLAND CA 94612 941527086 501(C)(3) 150000 0 TO SUPPORT THE ONGOING OPERATIONS OF THE SCHOOL; TO SUPPORT THEIR INSTRUCTIONAL AURUM PREPARATORY ACADEMY 1034 66TH AVE OAKLAND CA 94621 811636171 501(C)(3) 252610 0 TO SUPPORT THE ONGOING OPERATIONS OF THE SCHOOL; TO SUPPORT THEIR TEACHER DEVELO KENNEDY ELEMENTARY SCHOOL 1602 LUCRETIA AVE SAN JOSE CA 95122 770059025 501(C)(3) 60000 0 TO SUPPORT THE ONGOING OPERATIONS OF THE SCHOOL; TO SUPPORT THE ONGOING OPERATIO RELAY GSE 25 BROADWAY 3RD FLOOR NEW YORK NY 10004 275316628 501(C)(3) 23000 0 TO SUPPORT THEIR LEADERSHIP DEVELOPMENT WORK MARY L BOOKER LEADERSHIP ACADEMY 365 ESPLANADE APT 3 PACIFICA CA 94044 825343612 501(C)(3) 80000 0 TO SUPPORT THE ONGOING OPERATIONS OF THE SCHOOL OXFORD DAY ACADEMY 1001 BEECH ST EAST PALO ALTO CA 94303 474929970 501(C)(3) 30000 0 TO SUPPORT THE ONGOING OPERATIONS OF THE SCHOOL FORTUNE SCHOOLS 2890 GATEWAY OAKS DR 100 SACRAMENTO CA 95833 943187528 501(C)(3) 257000 0 TO SUPPORT THE ONGOING OPERATIONS OF THE SCHOOL PERSEVERANCE PREP 281 GRAYSON TERRACE SAN JOSE CA 95126 813977275 501(C)(3) 107000 0 TO SUPPORT THE ONGOING OPERATIONS OF THE SCHOOL SENECA CENTER 2275 ARLINGTON DRIVE SAN LEANDRO CA 94578 942971761 501(C)(3) 20000 0 TO PROVIDE EMERGENCY RELIEF TO SCHOOLS AND SUPPORT ORGS DURING COVID KIPP BAY AREA 1404 FRANKLIN STREET SUITE 500 OAKLAND CA 94612 205010766 501(C)(3) 200000 0 TO SUPPORT THE ONGOING OPERATIONS OF THE SCHOOL INNOVATE PUBLIC SCHOOLS 150 ALMADEN BLVD SAN JOSE CA 95113 462155826 501(C)(3) 75000 0 TO SUPPORT THE ONGOING OPERATIONS OF THE SCHOOL CRISTO REY DE LA SALLE EAST BAY HS 1530 34TH AVE OAKLAND CA 94601 821257099 501(C)(3) 210500 0 TO SUPPORT THE ONGOING OPERATIONS OF THE SCHOOL ALPHA PUBLIC SCHOOLS 2110 STORY RD SAN JOSE CA 95122 271881962 501(C)(3) 141500 0 TO SUPPORT THE ONGOING OPERATIONS OF THE SCHOOL LIGHTHOUSE COMMUNITY CHARTER 444 HEGENBERGER RD OAKLAND CA 94621 943370410 501(C)(3) 20000 0 TO SUPPORT THE ONGOING OPERATIONS OF THE SCHOOL NEW SCHOOL OF SAN FRANCISCO 655 DE HARO STREET SAN FRANCISCO CA 94107 471102256 501(C)(3) 300000 0 TO SUPPORT THE ONGOING OPERATIONS OF THE SCHOOL EAST BAY INNOVATION ACADEMY 3400 MALCOLM AVE OAKLAND CA 94605 462428863 501(C)(3) 11458 0 TO SUPPORT THE ONGOING OPERATIONS OF THE SCHOOL HAYWARD COLLEGIATE 166 W HARDER RD HAYWARD CA 94544 831231573 501(C)(3) 220000 0 TO SUPPORT THE ONGOING OPERATIONS OF THE SCHOOL RED BRIDGE 2265 THIRD ST SAN FRANCISCO CA 94107 833987751 501(C)(3) 150000 0 TO SUPPORT THE ONGOING OPERATIONS OF THE SCHOOL THE OAKLAND REACH 333 HEGENBERGER ROAD SUITE 750 OAKLAND CA 94621 831289590 501(C)(3) 10000 0 TO PROVIDE EMERGENCY RELIEF TO SCHOOLS AND SUPPORT ORGS DURING COVID INVICTUS ACADEMY 4 W RICHMOND AVE RICHMOND CA 94801 823352415 501(C)(3) 10000 0 TO PROVIDE EMERGENCY RELIEF TO SCHOOLS AND SUPPORT ORGS DURING COVID BELLWETHER EDUCATION PARTNERS INC 514 BOSTON POST ROAD 171 SUDBURY MA 01776 261914515 501(C)(3) 500000 0 TO PROVIDE EMERGENCY RELIEF TO SCHOOLS AND SUPPORT ORGS DURING COVID YU MING CHARTER SCHOOL 1086 ALCATRAZ AVE OAKLAND CA 94608 274260393 501(C)(3) 66000 0 TO PROVIDE EMERGENCY RELIEF TO SCHOOLS AND SUPPORT ORGS DURING COVID MISSION PREPARATORY SCHOOL 75 FRANCIS ST SAN FRANCISCO CA 94112 271599804 501(C)(3) 17950 0 TO PROVIDE EMERGENCY RELIEF TO SCHOOLS AND SUPPORT ORGS DURING COVID ALDER GRADUATE SCHOOL OF EDUCATION 2946 BROADWAY STREET REDWOOD CITY CA 94062 474649648 501(C)(3) 150000 0 TO SUPPORT THEIR TEACHER DEVELOPMENT WORK CALIBER SCHOOLS ONE MONTGOMERY ST SUITE 2500 SAN FRANCISCO CA 94104 461219795 501(C)(3) 130000 0 TO PROVIDE EMERGENCY RELIEF TO SCHOOLS AND SUPPORT ORGS DURING COVID ASPEN RIDGE PUBLIC SCHOOL 3821 N CLARK ST FRESNO CA 93726 562464910 501(C)(3) 100000 0 TO SUPPORT THE ONGOING OPERATIONS OF THE SCHOOL AMERICAN RIVER COLLEGIATE ACADEMY 7755 HAZEL AVE ORANGEVALE CA 95662 364449502 501(C)(3) 200000 0 TO SUPPORT THE ONGOING OPERATIONS OF THE SCHOOL CHARTHOUSE PUBLIC SCHOOLS 150 N WIGET SUITE 203 WALNUT CREEK CA 94598 471506069 501(C)(3) 25000 0 TO PROVIDE EMERGENCY RELIEF TO SCHOOLS AND SUPPORT ORGS DURING COVID SURGE INSTITUTE 935 W CHESTNUT ST SUITE 515 CHICAGO IL 60642 471995566 501(C)(3) 35000 0 TO SUPPORT THEIR LEADERSHIP DEVELOPMENT WORK ACTON EAST BAY 749 MAIN ST PLEASANTON CA 94566 471773636 501(C)(3) 50000 0 TO SUPPORT THE ONGOING OPERATIONS OF THE SCHOOL YU MING #2 1086 ALCATRAZ AVE OAKLAND CA 94608 274260393 501(C)(3) 100000 0 TO SUPPORT THE ONGOING OPERATIONS OF THE SCHOOL ROCKETSHIP EDUCATION 350 TWIN DOLPHIN DRIVE SUITE 109 REDWOOD CITY CA 94065 204040597 501(C)(3) 228790 0 TO SUPPORT THE ONGOING OPERATIONS OF THE SCHOOL SUMMIT PUBLIC SCHOOLS 455 FIFTH AVENUE REDWOOD CITY CA 94063 262034843 501(C)(3) 100000 0 TO SUPPORT THE ONGOING OPERATIONS OF THE SCHOOL WESTLAKE CHARTER HIGH SCHOOL 2680 MABRY DR SACRAMENTO CA 95835 320149236 501(C)(3) 200000 0 TO SUPPORT THE ONGOING OPERATIONS OF THE SCHOOL BUILDING EXCELLENT SCHOOLS 31 MILK STREET 6TH FLOOR BOSTON MA 02109 352194153 501(C)(3) 300000 0 TO SUPPORT THE ONGOING OPERATIONS OF THE SCHOOL NAVIGATOR SCHOOLS 650 SAN BENITO ST SUITE 230 HOLLISTER CA 95023 274238843 501(C)(3) 500000 0 TO SUPPORT THE ONGOING OPERATIONS OF THE SCHOOL JEANNE R MEADOWS ELEMENTARY SCHOOL 1250 TAPER LANE SAN JOSE CA 95122 770059025 501(C)(3) 40000 0 TO SUPPORT THE ONGOING OPERATIONS OF THE SCHOOL DIVERSITY IN LEADERSHIP INSTITUTE PO BOX 180114 LOS ANGELES CA 90018 844196472 501(C)(3) 100000 0 TO SUPPORT THEIR LEADERSHIP DEVELOPMENT WORK 39 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 394342 0 5000 0 0 0 11400 0 36814 0 447556 0 0 0 CAITRIN WRIGHT PARTNER 240780 0 5000 0 0 0 10294 0 25992 0 282066 0 0 0 ROBERT SCHWARTZ PARTNER 183075 0 5000 0 0 0 7880 0 36892 0 232847 0 0 0 X 1 1045643 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 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST FOR THE SAME PERIOD OF TIME SET FORTH IN SEC. 6104(D). FORM 990, PART XI, LINE 9: RETURNED GRANTS 2,356.