2019-09-24T18:06:53-05:00 2018-12-31 941254756 HOOD & STRONG LLP 275 BATTERY ST STE 900 SAN FRANCISCO CA 94111 990 2018-01-01 454860788 SILICON SCHOOLS FUND INC SILI 5103507263 827 BROADWAY NO 300 OAKLAND CA 94607 BRIAN GREENBERG CEO 5103507263 2019-09-17 1 MAGA E KISRIEV P01008919 4157810793 12.201.129.210 2019-09-17 17:33:47 PD P CD71869BFC494223FABD92E93AB0669CE7B22062 AC4DF2D4A42C6AD81B5321F7D48656F676E65BB0 2018 2019-02-21 02:37:17Z BRIAN GREENBERG 827 BROADWAY NO 300 OAKLAND CA 94607 60348412 0 X WWW.SILICONSCHOOLS.COM X 2012 CA WE PROVIDE SEED FUNDING FOR NEXT GENERATION SCHOOLS IN THE BAY AREA. 5 4 4 4 0 3604 8238402 9769401 0 0 103270 227796 0 0 8341672 9997197 5131500 6566330 0 0 937077 1076930 0 0 101751 506950 442812 6575527 8086072 1766145 1911125 18036817 20248040 903245 1172806 17133572 19075234 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 7766829 6566330 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 2018, SILICON SCHOOLS FUND MADE GRANTS TO 44 ORGANIZATIONS THAT WILL USE THE FUNDING TO SUPPORT THE CREATION OF NEW SCHOOLS AND RELATED HUMAN CAPITAL EFFORTS. 7766829 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 8 0 1 4 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 5 4 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 BRIAN GREENBERG CEO 50.00 X X 378143 0 42314 CAITRIN WRIGHT PARTNER 50.00 X 216051 0 29214 ROB SCHWARTZ PARTNER 50.00 X 181595 0 38858 775789 0 110386 3 0 1 0 0 9769401 1104998 9769401 7142 7142 50571869 50351215 220654 220654 220654 9997197 0 0 227796 6566330 6566330 886173 733628 76271 76274 13754 11386 1184 1184 31517 26092 2712 2713 100530 83225 8652 8653 44956 37482 4230 3244 5930 5930 27060 27060 14773 14773 80032 59300 20732 39078 3203 35636 239 112162 93936 11216 7010 41189 39130 2059 107452 107452 3901 3901 4351 4351 HUMAN RESOURCE SERVICE 6000 5025 600 375 GIFTS 640 640 TAXES & LICENSES 244 244 8086072 7766829 217492 101751 5805397 4979551 4769272 3999363 0 750000 25222 21224 27477 13712 4401 13765 7390156 10450474 42369 33663 18036817 20248040 78245 82806 825000 1090000 903245 1172806 X 17133572 18325234 0 750000 17133572 19075234 18036817 20248040 1911125 30537 0 X 0 1 X 1 0 X 5428665 5673831 11324764 8238402 9769401 40435063 5428665 5673831 11324764 8238402 9769401 40435063 14306951 26128112 6644 5537 480 1081 7142 20884 40455947 12679 0.64580 0.57100 X 0 0 0 8071299 8071299 553565 138391 0 0 363758 419859 478776 553565 1815958 2723937 90940 104965 119694 138391 453990 680985 1742 1742 0 25735 11970 13765 13765 X 10012961 30537 30537 9982424 14773 14773 9997197 8071299 0 8071299 14773 14773 8086072 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 KIPP BAY AREA 1404 FRANKLIN STREET SUITE 500 OAKLAND CA 94612 205010766 501(C)(3) 500000 TO SUPPORT KIPP NAVIGATE AND KIPP VALIANT NAVIGATOR SCHOOLS 650 SAN BENITO ST SUITE 230 HOLLISTER CA 95023 274238843 501(C)(3) 100000 TO SUPPORT WATSONVILLE PREP VOICES COLLEGE 4075 SACRAMENTO AVE SAN JOSE CA 95111 204741060 501(C)(3) 400000 TO SUPPORT VOICES RICHMOND AND THE CENTRAL OFFICE TEACH FOR AMERICA 685 MARKET ST SUITE 500 SAN FRANCISCO CA 94105 133541913 501(C)(3) 200000 TO SUPPORT ONGOING OPERATIONS MISSION PREPARATORY INC 75 FRANCIS ST SAN FRANCISCO CA 94112 271599804 501(C)(3) 10000 TO SUPPORT THE ONGOING OPERATIONS OF THE SCHOOL SUMMIT PUBLIC SCHOOLS 455 FIFTH AVENUE REDWOOD CITY CA 94063 262034843 501(C)(3) 300000 TO SUPPORT THE ONGOING OPERATIONS OF THE SCHOOL CRISTO REY SAN JOSE HIGH SCHOOL 1389 E SANTA CLARA ST SAN JOSE CA 95116 462594689 501(C)(3) 60000 TO SUPPORT THE ONGOING OPERATIONS OF THE SCHOOL GROWTH PUBLIC SCHOOLS 4416 ARDEN WAY SACRAMENTO CA 95864 474456355 501(C)(3) 200000 TO SUPPORT THE ONGOING OPERATIONS OF THE SCHOOL ENVISION EDUCATION 436 14TH STREET SUITE 920 OAKLAND CA 94612 943394659 501(C)(3) 100000 TO SUPPORT THE ONGOING OPERATIONS OF THE SCHOOL CHARTHOUSE PUBLIC SCHOOLS 150 N WIGET SUITE 203 WALNUT CREEK CA 94598 471506069 501(C)(3) 350000 TO SUPPORT THE ONGOING OPERATIONS OF THE SCHOOL EAST BAY INNOVATION ACADEMY 3400 MALCOLM AVE OAKLAND CA 94605 462428863 501(C)(3) 200000 TO SUPPORT THE ONGOING OPERATIONS OF THE SCHOOL INNOVATE PUBLIC SCHOOLS 150 ALMADEN BLVD SAN JOSE CA 95113 462155826 501(C)(3) 94500 TO SUPPORT INNOVATE'S WORK WITH ENTREPRENEURS IN RESIDENCE ROCKETSHIP EDUCATION 350 TWIN DOLPHIN DRIVE SUITE 109 REDWOOD CITY CA 94065 204040597 501(C)(3) 600000 TO SUPPORT THE ONGOING OPERATIONS OF THE SCHOOL LIGHTHOUSE COMMUNITY CHARTER 444 HEGENBERGER RD OAKLAND CA 94621 943370410 501(C)(3) 200000 TO SUPPORT THE ONGOING OPERATIONS OF THE SCHOOL RELAY GRADUATE SCHOOL OF EDUCATION 25 BROADWAY 3RD FLOOR NEW YORK NY 10004 275316628 501(C)(3) 200000 TO SUPPORT THE TEACHER AND LEADERSHIP PROGRAM YU MING CHARTER SCHOOL 1086 ALCATRAZ AVE OAKLAND CA 94608 274260393 501(C)(3) 250000 TO SUPPORT THE ONGOING OPERATIONS OF THE SCHOOL CALIBER SCHOOLS ONE MONTGOMERY ST SUITE 2500 SAN FRANCISCO CA 94104 461219795 501(C)(3) 206830 TO SUPPORT THE ONGOING OPERATIONS OF THE SCHOOL NATIONAL COUNCIL ON TEACHER RESIDENCY 1120 G STREET NW SUITE 800 WASHINGTON DC 20005 043536571 501(C)(3) 27500 TO SUPPORT DEVELOPMENT OF NEW BAY AREA TEACHERS ACCELERATE INSTITUTE 150 N MICHIGAN AVE SUITE 300 CHICAGO IL 60601 363764476 501(C)(3) 90000 TO SUPPORT THE ORGANIZATION'S WORK DEVELOPING BAY AREA LEADERS PERSEVERANCE PREP 281 GRAYSON TERRACE SAN JOSE CA 95126 813977275 501(C)(3) 50000 TO SUPPORT THE LAUNCH 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 THE CENTER FOR BETTER SCHOOLS DBA NAATE 11A BRIDGE ST NEWPORT RI 02840 271565143 501(C)(3) 150000 TO SUPPORT TEACHER DEVELOPMENT SURGE INSTITUTE 935 W CHESTNUT ST SUITE 515 CHICAGO IL 60642 471995566 501(C)(3) 10000 TO SUPPORT SURGE'S WORK IN OAKLAND AURUM ACADEMY 1034 66TH AVE OAKLAND CA 94621 811636171 501(C)(3) 300000 TO SUPPORT THE ONGOING OPERATIONS OF THE SCHOOL MARIN COUNTY OFFICE OF EDUCATION 1111 LAS GALLINAS AVENUE SAN RAFAEL CA 94903 946022431 GOV'T 100000 TO SUPPORT MARIN COMMUNITY SCHOOLS CRISTO REY DE LA SALLE 1530 34TH AVE OAKLAND CA 94601 821257099 501(C)(3) 500000 TO SUPPORT THE ONGOING OPERATIONS OF THE SCHOOL URBAN MONTESSORI 5328 BRANN STREET OAKLAND CA 94619 274217597 501(C)(3) 100000 TO SUPPORT THE LEADERSHIP OF THE ORGANIZATION WELLER ELEMENTARY SCHOOL 345 BOULDER STREET MILPITAS CA 95035 770289955 501(C)(3) 75000 TO SUPPORT THE ONGOING OPERATIONS OF THE SCHOOL EXPEDITION ACADEMY SANTA CRUZ 111 ERRETT CIRCLE SANTA CRUZ CA 95060 822096488 501(C)(3) 75000 TO SUPPORT THE LAUNCH OF THE SCHOOL MEADOWS ELEMENTARY SCHOOL 1250 TAPER LANE SAN JOSE CA 95122 770059025 501(C)(3) 100000 TO SUPPORT THE ONGOING OPERATIONS OF THE SCHOOL ALDER GRADUATE SCHOOL OF EDUCATION 2946 BROADWAY STREET REDWOOD CITY CA 94062 474649648 501(C)(3) 200000 TO SUPPORT THEIR ONGOING OPERATIONS EDUCATION FOR CHANGE 303 HEGENBERGER ROAD SUITE 301 OAKLAND CA 94621 202204424 501(C)(3) 50000 TO SUPPORT THE ONGOING OPERATIONS OF THE SCHOOL PROMISE ACADEMY 1400 PARKMOOR AVE SUITE 240 SAN JOSE CA 95126 384024722 501(C)(3) 100000 TO SUPPORT THE LAUNCH OF THE SCHOOL ARISE HIGH SCHOOL 3301 E 12TH STREET SUITE 205 OAKLAND CA 94601 208887944 501(C)(3) 80000 TO SUPPORT THEIR LEADERSHIP HAYWARD COLLEGIATE 152 NEVADA ST REDWOOD CITY CA 94062 831231573 501(C)(3) 200000 TO SUPPORT THE LAUNCH OF THE SCHOOL MANZANITA SEED ELEMENTARY 2409 E 27TH STREET OAKLAND CA 94601 465612668 501(C)(3) 10000 TO SUPPORT PARTICIPATION IN TRANSCEND COHORT GRASS VALLEY ELEMENTARY SCHOOL 4720 DUNKIRK AVE OAKLAND CA 94605 946000385 501(C)(3) 10000 TO SUPPORT PARTICIPATION IN TRANSCEND COHORT MUIR MIDDLE SCHOOL 835 E 14TH STREET SUITE 200 SAN LEANDRO CA 94577 946002608 501(C)(3) 10000 TO SUPPORT PARTICIPATION IN TRANSCEND COHORT KENNEDY ELEMENTARY SCHOOL 645 WOOL CREEK DRIVE SAN JOSE CA 95112 770059025 501(C)(3) 10000 TO SUPPORT PARTICIPATION IN TRANSCEND COHORT MILIPITAS UNIFIED SCHOOL DISTRICT 1331 E CALAVERAS BLVD MILPITAS CA 95035 770289955 GOV'T 10000 TO SUPPORT PARTICIPATION IN TRANSCEND COHORT LUMEN CHRISTI ACADEMIES 2121 HARRISON ST OAKLAND CA 94612 941527086 501(C)(3) 10000 TO SUPPORT PARTICIPATION IN TRANSCEND COHORT ACE CHARTER SCHOOL 1100 SHASTA AVE 250 SAN JOSE CA 95126 261570590 501(C)(3) 10000 TO SUPPORT PARTICIPATION IN TRANSCEND COHORT MARY L BOOKER LEADERSHIP ACADEMY 365 ESPLANDE APT 3 PACIFICA CA 94044 825343612 501(C)(3) 62500 TO SUPPORT THE ONGOING OPERATIONS OF THE SCHOOL ACHIEVEMENT FIRST 495 BLAKE STREET NEW HAVEN CT 06515 651203744 501(C)(3) 50000 TO SUPPORT THE ORGANIZATION'S WORK WITH BAY AREA CHARTERS. 44 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 314143 0 64000 0 0 0 11000 0 31314 0 420457 0 0 0 CAITRIN WRIGHT PARTNER 206051 0 10000 0 0 0 9000 0 20214 0 245265 0 0 0 ROB SCHWARTZ PARTNER 177595 0 4000 0 0 0 7544 0 31314 0 220453 0 0 0 X 2 1104998 FMV 0 0 0 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).