2020-10-15T13:15:44-05:00 2019-12-31 941254756 HOOD & STRONG LLP 275 BATTERY ST STE 900 SAN FRANCISCO CA 94111 990 2019-01-01 454860788 SILICON SCHOOLS FUND INC SILI 5103507263 827 BROADWAY NO 300 OAKLAND CA 94607 BRIAN GREENBERG CEO 5103507263 2020-09-21 1 MAGA E KISRIEV P01008919 4157810793 73.70.151.26 2020-09-21 12:06:27 PD P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 AC4DF2D4A42C6AD81B5321F7D48656F676E65BB0 2019 2021-01-29 14:40:06Z BRIAN GREENBERG 827 BROADWAY NO 300 OAKLAND CA 94607 58552246 0 X WWW.SILICONSCHOOLS.COM X 2012 CA WE PROVIDE SEED FUNDING FOR NEXT GENERATION SCHOOLS IN THE BAY AREA. 6 5 5 5 0 0 9769401 11786042 0 0 227796 411566 0 0 9997197 12197608 6566330 5713619 0 0 1076930 1177122 0 0 103353 442812 603723 8086072 7494464 1911125 4703144 20248040 24054725 1172806 314183 19075234 23740542 X OUR MISSION IS TO IMPROVE PUBLIC EDUCATION THROUGH FINDING, FUNDING, AND SUPPORTING CUTTING-EDGE BLENDED LEARNING SCHOOLS IN THE BAY AREA OF CALIFORNIA. THE SCHOOLS IN OUR PORTFOLIO SERVE AS LABS OF INNOVATION AND PROOF POINTS FOR THE BROADER FIELD ABOUT WHAT IS POSSIBLE IN NEXT GENERATION SCHOOLS. 0 0 7156896 5713619 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 2019, SILICON SCHOOLS FUND MADE GRANTS TO 55 ORGANIZATIONS THAT WILL USE THE FUNDING TO SUPORT THE CREATION OF NEW SCHOOLS AND RELATED HUMAN CAPITAL EFFORTS. 7156896 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 JOHN FISHER DIRECTOR 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 BRIAN GREENBERG CEO 50.00 X X 388559 0 43619 CAITRIN WRIGHT PARTNER 50.00 X 240660 0 32918 ROBERT SCHWARTZ PARTNER 50.00 X 185001 0 40217 AMY NG DIRECTOR OF STRATEGY AND ANALYSIS 50.00 X 100758 0 12290 914978 0 129044 4 0 1 0 0 11786042 600000 11786042 16682 16682 46749522 46354638 394884 394884 394884 12197608 0 0 411566 5713619 5713619 432179 356655 40232 35292 550796 454543 51275 44978 33104 27319 3082 2703 110346 83157 18960 8229 50697 42101 5237 3359 18917 18917 30184 30184 16364 16364 19440 9111 10329 19138 3506 15423 209 122926 103258 13522 6146 40944 38897 2047 318820 318820 4356 4356 5474 5474 HUMAN RESOURCE SERVICE 6462 5395 677 390 GIFTS 515 515 TAXES & LICENSES 183 183 7494464 7156896 234215 103353 4979551 4783727 3999363 2380102 750000 2500130 21224 16514 30093 18068 13765 12025 10450474 14328564 33663 33663 20248040 24054725 82806 74183 1090000 240000 1172806 314183 X 18325234 20965412 750000 2775130 19075234 23740542 20248040 24054725 4703144 -37836 0 X 0 1 X 1 0 X 5673831 11324764 8238402 9769401 11786042 46792440 5673831 11324764 8238402 9769401 11786042 46792440 14453629 32338811 5537 480 1081 7142 16682 30922 46823362 913 0.69070 0.64580 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 7478106 7478106 523905 130976 0 0 419859 478776 553565 523905 1976105 2964158 104965 119694 138391 130976 494026 741039 1742 1742 0 28351 16326 12025 12025 X 12143408 -37836 -37836 12181244 16364 16364 12197608 7478100 0 7478100 16364 16364 7494464 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. 1 ACCELERATE INSTITUTE 150 N MICHIGAN AVE CHICAGO IL 60601 363764476 501(C)(3) 140000 TO SUPPORT THEIR LEADERSHIP DEVELOPMENT WORK ACHIEVEMENT FIRST 495 BLAKE STREET NEW HAVEN CT 06515 651203744 501(C)(3) 90000 TO SUPPORT THEIR INSTRUCTIONAL IMPROVEMENT WORK ALDER GRADUATE SCHOOL OF EDUCATION 2946 BROADWAY STREET REDWOOD CITY CA 94062 474649648 501(C)(3) 250000 TO SUPPORT THEIR TEACHER DEVELOPMENT WORK ALPHA PUBLIC SCHOOLS 2110 STORY RD SAN JOSE CA 95122 271881962 501(C)(3) 340000 TO SUPPORT THE ONGOING OPERATIONS OF THE SCHOOL ARISE HIGH SCHOOL 3301 E 12TH STREET SUITE 205 OAKLAND CA 94601 208887944 501(C)(3) 33619 TO SUPPORT THE ONGOING OPERATIONS OF THE SCHOOL ASPIRE PUBLIC SCHOOLS 1001 22ND AVENUE OAKLAND CA 94606 943311088 501(C)(3) 400000 TO SUPPORT THE ONGOING OPERATIONS OF THE SCHOOL AURUM ACADEMY 1034 66TH AVE OAKLAND CA 94621 811636171 501(C)(3) 200000 TO SUPPORT THE ONGOING OPERATIONS OF THE SCHOOL BUILDING EXCELLENT SCHOOLS 31 MILK STREET 6TH FLOOR BOSTON MA 02109 352194153 501(C)(3) 400000 TO SUPPORT THEIR LEADERSHIP DEVELOPMENT WORK CALIBER SCHOOLS ONE MONTGOMERY ST SUITE 2500 SAN FRANCISCO CA 94104 461219795 501(C)(3) 50000 TO SUPPORT THE ONGOING OPERATIONS OF THE SCHOOL CATHOLIC SCHOOLS DIOCESE OF OAKLAND 2121 HARRISON ST OAKLAND CA 94612 941527086 501(C)(3) 75000 TO SUPPORT THE ONGOING OPERATIONS OF THE SCHOOL CONCOURSE EDUCATION 1015 MACDONALD AVE RICHMOND CA 94801 823461657 501(C)(3) 37500 TO SUPPORT THEIR TEACHER DEVELOPMENT WORK DESIGN TECH HIGH SCHOOL 275 ORACLE PKWY REDWOOD CITY CA 94065 463705620 501(C)(3) 75000 TO SUPPORT THE ONGOING OPERATIONS OF THE SCHOOL EDUCATION FOR CHANGE 303 HEGENBERGER ROAD SUITE 301 OAKLAND CA 94621 202204424 501(C)(3) 75000 TO SUPPORT THE ONGOING OPERATIONS OF THE SCHOOL ENVISION SCHOOLS 436 14TH STREET SUITE 920 OAKLAND CA 94612 943394659 501(C)(3) 300000 TO SUPPORT THE ONGOING OPERATIONS OF THE SCHOOL FORTUNE SCHOOL 2890 GATEWAY OAKS DR 100 SACRAMENTO CA 95833 943187528 501(C)(3) 110000 TO SUPPORT THE ONGOING OPERATIONS OF THE SCHOOL FRANKLIN-MCKINLEY SCHOOL DISTRICT 645 WOOL CREEK DRIVE SAN JOSE CA 95112 770059025 GOV'T 110000 TO SUPPORT THE ONGOING OPERATIONS OF THE SCHOOL GO PUBLIC SCHOOLS 134 LINDEN ST OAKLAND CA 94607 271491564 501(C)(3) 175000 TO SUPPORT THE ONGOING OPERATIONS OF THE ORGANIZATION GREAT SCHOOL CHOICES 342 EAST 199TH ST 3A NEW YORK NY 10035 462558416 501(C)(3) 25000 TO SUPPORT THE ONGOING OPERATIONS OF THE ORGANIZATION HAYWARD COLLEGIATE 152 NEVADA ST REDWOOD CITY CA 94062 831231573 501(C)(3) 300000 TO SUPPORT THE ONGOING OPERATIONS OF THE SCHOOL HOLLISTER SCHOOL DISTRICT 440 5TH ST 107 HOLLISTER CA 95023 946002234 GOV'T 10000 TO SUPPORT THE ONGOING OPERATIONS OF THE SCHOOL INVICTUS ACADEMY 4 W RICHMOND AVE RICHMOND CA 94801 823352415 501(C)(3) 200000 TO SUPPORT THE ONGOING OPERATIONS OF THE SCHOOL JACKSON AVENUE ELEMENTARY SCHOOL 554 JACKSON AVE LIVERMORE CA 94550 942175582 501(C)(3) 25000 TO SUPPORT THE ONGOING OPERATIONS OF THE SCHOOL JEANNE R MEADOWS ELEMENTARY SCHOOL 1250 TAPER LANE SAN JOSE CA 95122 770059025 501(C)(3) 60000 TO SUPPORT THE ONGOING OPERATIONS OF THE SCHOOL KIPP BAY AREA 1404 FRANKLIN STREET SUITE 500 OAKLAND CA 94612 205010766 501(C)(3) 300000 TO SUPPORT THE ONGOING OPERATIONS OF THE SCHOOL LIGHTHOUSE COMMUNITY CHARTER 444 HEGENBERGER RD OAKLAND CA 94621 943370410 501(C)(3) 100000 TO SUPPORT THE ONGOING OPERATIONS OF THE SCHOOL MILPITAS UNIFIED SCHOOL DISTRICT 1331 E CALAVERAS BLVD MILPITAS CA 95035 770289955 GOV'T 10000 TO SUPPORT THE ONGOING OPERATIONS OF THE SCHOOL MISSION PREPARATORY SCHOOL 75 FRANCIS ST SAN FRANCISCO CA 94112 271599804 501(C)(3) 15000 TO SUPPORT THE ONGOING OPERATIONS OF THE SCHOOL NATIONAL COUNCIL ON TEACHER QUALITY 1120 G STREET NW SUITE 800 WASHINGTON CA 20005 043536571 501(C)(3) 22500 TO SUPPORT THE ONGOING OPERATIONS OF THE ORGANIZATION NAVIGATOR SCHOOLS 650 SAN BENITO ST SUITE 230 HOLLISTER CA 95023 274238843 501(C)(3) 100000 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) 100000 TO SUPPORT THE ONGOING OPERATIONS OF THE SCHOOL OXFORD DAY ACADEMY 1001 BEECH ST EAST PALO ALTO CA 94303 474929970 501(C)(3) 200000 TO SUPPORT THE ONGOING OPERATIONS OF THE SCHOOL PAJARO VALLEY SCHOOL DISTRICT 294 GREEN VALLEY RD WATSONVILLE CA 95076 770375541 GOV'T 20000 TO SUPPORT THE ONGOING OPERATIONS OF THE SCHOOL PERSEVERANCE PREP 281 GRAYSON TERRACE SAN JOSE CA 95126 813977275 501(C)(3) 300000 TO SUPPORT THE ONGOING OPERATIONS OF THE SCHOOL RELAY GSE 25 BROADWAY 3RD FLOOR NEW YORK NY 10004 275316628 501(C)(3) 100000 TO PROVIDE FUNDING FOR THE OPERATIONS OF RELAY GRADUATE SCHOOL OF EDUCATION IN THE BAY AREA. ROCKETSHIP EDUCATION 350 TWIN DOLPHIN DRIVE SUITE 109 REDWOOD CITY CA 94065 204040597 501(C)(3) 50000 TO SUPPORT THE ONGOING OPERATIONS OF THE SCHOOL SURGE INSTITUTE 935 W CHESTNUT ST SUITE 515 CHICAGO IL 60642 471995566 501(C)(3) 30000 TO SUPPORT THE ONGOING OPERATIONS OF THE ORGANIZATION TEACH FOR AMERICA BAY AREA 685 MARKET ST SUITE 500 SAN FRANCISCO CA 94105 133541913 501(C)(3) 200000 TO SUPPORT THE ONGOING OPERATIONS OF THE ORGANIZATION TRANSCEND EDUCATION 159 LINCOLN AVE HASTINGSONHUDSON NY 10706 300878820 501(C)(3) 50000 TO SUPPORT THEIR WORK WITH INNOVATIVE SCHOOLS VOICES COLLEGE-BOUND LANGUAGE ACADEMY 4075 SACRAMENTO AVE SAN JOSE CA 95111 204741060 501(C)(3) 505000 TO SUPPORT THE ONGOING OPERATIONS OF THE SCHOOL WEST CONTRA COSTA UNIFIED SCHOOL DISTRICT 1108 BISSELL AVE RICHMOND CA 94801 680000495 GOV'T 20000 TO SUPPORT THE ONGOING OPERATIONS OF THE SCHOOL WILDFLOWER FOUNDATION 1330 LAGOON AVE 4TH FLOOR MINNEAPOLIS MN 55408 812826681 501(C)(3) 100000 TO SUPPORT THE ONGOING OPERATIONS OF THE SCHOOL YU MING CHARTER MIDDLE SCHOOL 1086 ALCATRAZ AVE OAKLAND CA 94608 274260393 501(C)(3) 10000 TO SUPPORT THE ONGOING OPERATIONS OF THE SCHOOL 42 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 2 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 383559 0 5000 0 0 0 11200 0 32419 0 432178 0 0 0 CAITRIN WRIGHT PARTNER 235660 0 5000 0 0 0 10000 0 22918 0 273578 0 0 0 ROBERT SCHWARTZ PARTNER 181001 0 4000 0 0 0 7720 0 32497 0 225218 0 0 0 X 1 600000 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).