2018-10-01T19:39:18-05:00 2017-12-31 941254756 HOOD & STRONG LLP 275 BATTERY ST STE 900 SAN FRANCISCO CA 94111 990 2017-01-01 454860788 SILICON SCHOOLS FUND INC SILI 5103507263 827 BROADWAY NO 300 OAKLAND CA 94607 BRIAN GREENBERG CEO 5103507263 2018-09-24 1 MAGA E KISRIEV P01008919 4157810793 2017 2022-09-23 18:48:47Z X BRIAN GREENBERG 827 BROADWAY NO 300 OAKLAND CA 94607 15614022 0 X WWW.SILICONSCHOOLS.COM X 2012 CA WE PROVIDE SEED FUNDING FOR NEXT GENERATION SCHOOLS IN THE BAY AREA. 4 3 4 3 0 0 11324764 8238402 0 0 85752 103270 913 0 11411429 8341672 4286500 5131500 0 0 832382 937077 0 0 94256 278298 506950 5397180 6575527 6014249 1766145 15736712 18036817 327943 903245 15408769 17133572 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 6199405 5131500 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. IN 2017, SILICON SCHOOLS FUND MADE GRANTS TO 23 ORGANIZATIONS THAT WILL USE THE FUNDING TO SUPPORT THE CREATION OF NEW SCHOOLS AND RELATED HUMAN CAPITAL EFFORTS. 6199405 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 0 0 0 0 0 0 0 0 0 1 16 0 1 4 1 0 0 0 0 0 0 0 0 0 0 X 4 3 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 BRIAN GREENBERG CEO 50.00 X X 347248 0 39060 CAITRIN WRIGHT PARTNER 50.00 X 198066 0 26508 ROB SCHWARTZ PARTNER 50.00 X 172368 0 35420 717682 0 100988 3 0 1 0 0 8238402 8238402 1081 1081 7374539 7272350 102189 102189 102189 8341672 0 0 103270 5131500 5131500 897629 741684 72364 83581 39448 32862 3392 3194 9676 9676 4428 4428 45762 17899 26585 1278 24392 3975 20147 270 55923 46835 5593 3495 42356 40238 2118 174500 174500 2110 2110 UNCOLLECTIBLE PLEDGES 125000 125000 BANK CHARGES 11834 11834 GIFTS 5624 5624 HUMAN RESOURCE SERVICE 5120 4288 512 320 225 225 6575527 6199405 281866 94256 5841915 5805397 5075697 4769272 1125000 0 28630 25222 14211 9810 4884 4401 3635755 7390156 24831 42369 15736712 18036817 76443 78245 251500 825000 327943 903245 X 14283769 17133572 1125000 0 15408769 17133572 15736712 18036817 1766145 -41342 0 X 0 1 X 1 0 X 6177000 5428665 5673831 11324764 8238402 36842662 6177000 5428665 5673831 11324764 8238402 36842662 15797028 21045634 2534 6644 5537 480 1081 16276 36858938 15226 0.57100 0.54880 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 6575527 6575527 478776 119694 0 0 317681 363758 419859 478776 1580074 2370111 79420 90940 104965 119694 395019 592529 1742 1684 58 12469 8126 4343 4401 X 8175330 -41342 -41342 8216672 125000 125000 8341672 6450527 0 6450527 125000 125000 6575527 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 23701(D) 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. SHOULD THE FUND INCUR INTEREST AND PENALTIES RELATING TO TAX UNCERTAINTIES, SUCH AMOUNTS WOULD BE CLASSIFIED AS A COMPONENT OF INTEREST EXPENSE AND OPERATING EXPENSE, RESPECTIVELY. PART XI, LINE 4B - OTHER ADJUSTMENTS: UNCOLLECTIBLE PLEDGES NETTED AGAINST CONTRIBUTION REVENUE ON TAX RETURN 125,000. PART XII, LINE 4B - OTHER ADJUSTMENTS: UNCOLLECTIBLE PLEDGES NETTED AGAINST CONTRIBUTION REVENUE ON TAX RETURN 125,000. 1 ACCELERATE INSTITUTE 150 N MICHIGAN AVE 150 CHICAGO IL 60601 363764476 501(C)(3) 50000 TO SUPPORT THEIR LEADERSHIP PROGRAM. ACHIEVEMENT FIRST 495 BLAKE ST NEW HAVEN CT 06515 651203744 501(C)(3) 75000 TO SUPPORT GRANTEES PARTICIPATION IN THEIR PROGRAM. ALDER GRADUATE SCHOOL OF EDUCATION 2946 BROADWAY STREET REDWOOD CITY CA 94606 474649648 501(C)(3) 100000 TO SUPPORT ALDER'S GROWTH TO MORE PARTNERSHIPS AND MORE TEACHER TRAINING. ALPHA PUBLIC SCHOOLS 1601 CUNNINGHAM AVE SAN JOSE CA 95122 271881962 501(C)(3) 200000 TO SUPPORT CINDY AVITIA HIGH SCHOOL. ASPIRE UNIVERSITY INC 1001 22ND AVENUE OAKLAND CA 94606 943311088 501(C)(3) 225000 TO SUPPORT ASPIRE RICHMOND TECH. CHARTHOUSE PUBLIC SCHOOLS 150 N WIGET SUITE 203 WALNUT CREEK CA 94598 471506069 501(C)(3) 303000 TO SUPPORT CONTRA COSTA SCHOOL OF THE PERFORMING ART. CRISTO REY HIGH SCHOOL SAN JOSE 1389 E SANTA CLARA ST SAN JOSE CA 95116 462594689 501(C)(3) 200000 TO SUPPORT CRISTO REY SAN JOSE'S OPERATIONS. DE MARILLAC ACADEMY 175 GOLDEN GATE AVE SAN FRANCISCO CA 94102 943390330 CHURCH 95000 TO SUPPORT DE MARILLAC'S TRANSITION TOWARDS PERSONALIZED LEARNING. DESIGN TECH HIGH SCHOOL 275 ORACLE PKWY REDWOOD CITY CA 94065 463705620 501(C)(3) 75000 TO SUPPORT DESIGN TECH'S ONGOING INNOVATION. EAST BAY INNOVATION ACADEMY 3400 MALCOLM AVE OAKLAND CA 94605 462428863 501(C)(3) 300000 TO SUPPORT EAST BAY INNOVATION ACADEMY'S HIGH SCHOOL. ENVISION SCHOOLS 436 14TH STREET SUITE 920 OAKLAND CA 94612 943394659 501(C)(3) 275000 TO SUPPORT ENVISION'S MIDDLE SCHOOL IN HAYWARD. GILROY UNIFIED SCHOOL DISTRICT 7810 ARROYO CIR GILROY CA 95020 770123255 GOV'T 20000 TO SUPPORT SOUTH VALLEY MIDDLE SCHOOL. GROWTH PUBLIC SCHOOLS 4416 ARDEN WAY SACRAMENTO CA 95112 474456355 501(C)(3) 300000 TO SUPPORT GROWTH PUBLIC SCHOOL'S LAUNCH. INNOVATE PUBLIC SCHOOLS 150 ALMADEN BLVD SAN JOSE CA 95113 462155826 501(C)(3) 254000 TO SUPPORT INNOVATE'S ENTREPRENEURIAL SUPORT PROGRAMS. INVICTUS ACADEMY INC 1121 ALLVIEW AVE EL SOBRANTE CA 94803 823352415 501(C)(3) 100000 TO SUPPORT THE LAUNCH OF INVICTUS ACADEMY. JACKSON AVENUE ELEMENTARY SCHOOL 554 JACKSON AVE LIVERMORE CA 94550 942175582 501(C)(3) 50000 TO SUPPORT JACKSON AVE'S TRANSITION TO PL. KIPP BAY AREA 1404 FRANKLIN STREET SUITE 500 OAKLAND CA 94612 205010766 501(C)(3) 500000 TO SUPPORT KIPP NAVIGATE AND KIPP PRIZE. LIGHTHOUSE COMMUNITY CHARTER 444 HEGENBERGER RD OAKLAND CA 94621 943370410 501(C)(3) 200000 TO SUPPORT LIGHTHOUSE LODESTAR. LOMA PRIETA JOINT UNION ELEMENTARY SCHOOL DISTRICT 23800 SUMMIT RD LOS GATOS CA 95033 521692041 GOV'T 20000 TO SUPPORT C.T. ENGLISH. MILPITAS UNIFIED SCHOOL DISTRICT 1331 E CALAVERAS BLVD MILPITAS CA 95035 770289955 GOV'T 20000 TO SUPPORT WELLER ELEMENTARY SCHOOL. NATIONAL COUNCIL ON TEACHER QUALITY 1120 G STREET NW SUITE 800 WASHINGTON DC 20005 043536571 501(C)(3) 125000 TO SUPPORT THEIR STUDENT TEACHER PROGRAM. NAVIGATOR SCHOOLS 277 IOOF AVE GILROY CA 95020 274238843 501(C)(3) 85000 TO SUPPORT ONGOING INNOVATION AT NAVIGATOR SCHOOLS. NEW LEADERS 225 BUSH STREET SUITE 1850 NEW YORK NY 10010 043519203 501(C)(3) 50000 TO SUPPORT THEIR LEADERSHIP TRAINING PROGRAM. OAKLAND PUBLIC EDUCATION FUND PO BOX 27148 OAKLAND CA 94602 432014630 501(C)(3) 27500 TO SUPPORT SUMMER INSTITUTE TRAINING FOR SUMMIT LEARNING TEACHERS. OAKLAND UNITY MIDDLE SCHOOL 6038 BRANN ST OAKLAND CA 94605 753107384 501(C)(3) 7000 TO SUPPORT SUMMER INSTITUTE TRAINING FOR SUMMIT LEARNING TEACHERS. OXFORD DAY ACADEMY 1001 BEECH ST EAST PALO ALTO CA 94025 474929970 501(C)(3) 300000 TO SUPPORT OXFORD DAY ACADEMY'S LAUNCH. PERSEVERANCE PREPATORY INC 281 GRAYSON TERRACE SAN JOSE CA 95126 813977275 501(C)(3) 50000 TO SUPPORT THE LAUNCH OF PERSEVERANCE PREP. PROMISE PUBLIC SCHOOLS 1400 PARKMOOR AVE SUITE 240 SAN JOSE CA 95126 384024722 501(C)(3) 75000 TO SUPPORT THE LAUNCH OF PROMISE ACADEMY. ROCKETSHIP EDUCATION 350 TWIN DOLPHIN DRIVE SUITE 109 REDWOOD CITY CA 94065 204040597 501(C)(3) 600000 TO SUPPORT ROCKETSHIP FUTURO. TEACH FOR AMERICA BAY AREA 685 MARKET ST SAN FRANCISCO CA 94103 133541913 501(C)(3) 200000 TO SUPPORT TEACHER TRAINING. UNIVERSITY OF WASHINGTON FOUNDATION GIFT SERVICES BOX 359505 SEATTLE WA 98195 943079432 501(C)(3) 50000 TO SUPPORT UW FOUNDATION'S ONGOING RESEARCH INTO CHARTER GROWTH. VOICES COLLEGE-BOUND LANGUAGE ACADEMY 4075 SACRAMENTO AVE SAN JOSE CA 95111 204741060 501(C)(3) 200000 TO SUPPORT THE LAUNCH OF VOICES RICHMOND. 32 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 287248 0 60000 0 0 0 10800 0 28260 0 386308 0 0 0 CAITRIN WRIGHT PARTNER 193066 0 5000 0 0 0 8200 0 18308 0 224574 0 0 0 ROB SCHWARTZ PARTNER 166368 0 6000 0 0 0 7160 0 28260 0 207788 0 0 0 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).