2017-11-13T12:23:34-06:00 2017-06-30 941668792 PETRINOVICH PUGH & COMPANY LLP 333 WEST SANTA CLARA ST 800 SAN JOSE CA 951131716 990 2016-10-01 272117804 TEENFORCE TEEN 4088273078 75 E SANTA CLARA ST NO 1450 SAN JOSE CA 95113 JOHN HOGAN CEO 4088273078 2017-11-13 1 KEVIN KAEFER P00737199 4082877911 24.104.74.178 2017-11-13 10:23:16 PS P 217C16F4B0D940C54CCF713A35B92B69E0093937 A211C5FA848ED55FA4FA0512A91882B0754148F3 2016 2018-03-14 21:41:22Z X X JOHN HOGAN 75 E SANTA CLARA ST NO 1450 SAN JOSE CA 95113 1306115 0 X WWW.TEENFORCE.ORG X 2009 CA PROVIDE WORK READINESS TRAINING AND JOB PLACEMENT SUPPORT TO DISADVANTAGED YOUTH. X 8 9 346 15 0 0 671808 745245 1012984 560870 0 -16824 0 0 1684792 1289291 0 0 0 0 1374864 821160 0 0 26755 286455 277731 1661319 1098891 23473 190400 573299 0 26681 0 546618 0 X TEENFORCE IS A SOCIAL ENTERPRISE THAT HELPS YOUTH GAIN THE SKILLS, HABITS AND WORK EXPERIENCE TO FULFILL THEIR POTENTIAL. WE HAVE A PARTICULAR EMPHASIS ON WORKING WITH CURRENT AND FORMER FOSTER YOUTH. OUR APPROACH IS PATTERNED AFTER THE FOR-PROFIT STAFFING INDUSTRY, WHICH HELPS DEVELOP RELATIONSHIPS WITH EMPLOYERS AND DRIVES REVENUE TO MAKE US SELF-SUSTAINING. 0 0 955738 0 560870 WE PROVIDED WORK READINESS TRAINING AND JOB PLACEMENT SERVICES TO 272 YOUTH (AGES 14 - 24) WHO WORKED 37,398 HOURS AND EARNED $411,000 ($215,000 PAID THROUGH TEENFORCE AND $196,000 PAID DIRECTLY BY TEENFORCE EMPLOYERS). OUR EARNED REVENUES WERE 54% OF OUR TOTAL OPERATING EXPENSES, THEREBY REDUCING OUR RELIANCE ON DONATIONS. YOUTH WERE ALSO TRAINED IN WORKPLACE SAFETY, BASIC EMPLOYMENT REGULATIONS, SEXUAL HARASSMENT AND WORKPLACE ETIQUETTE. 955738 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 1 0 0 0 1 1 0 1 346 1 0 0 0 0 0 0 0 0 0 0 X 8 9 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X JOHN HOGAN 4088273078 75 E SANTA CLARA ST NO 1450 SAN JOSE CA 95113 JOHN HOGAN PRESIDENT 40.00 X X 0 0 0 DAVE MEWES DIRECTOR 1.00 X 0 0 0 GREG BERARDI DIRECTOR 1.00 X 0 0 0 SARAH JOHNSTON DIRECTOR 1.00 X 0 0 0 MARIAM ABRAHAMS DIRECTOR 1.00 X 0 0 0 MIKE LATOURETTE SECRETARY 1.00 X X 0 0 0 ALAN FEINBERG BOARD CHAIR/DIRECTOR 1.00 X X 0 0 0 GLORIA AQUINO VALDOVINO DIRECTOR 1.00 X 0 0 0 MIKE SAVIAGE DIRECTOR 1.00 X 0 0 0 TAMMY JANOSIK CHIEF OPERATING OFFICER 40.00 X 79187 0 0 SARAH MCCANN CHIEF FINANCIAL OFFICER 0.50 X 0 0 0 79187 0 0 0 0 0 0 0 745245 52150 745245 ASSIGNED EMPLOYEE REVE 541900 316767 316767 GOVERNMENT CONTRACTS 541900 238785 238785 BUYOUT REVENUE 541900 5318 5318 560870 16824 -16824 -16824 -16824 1289291 560870 0 -16824 100626 83520 13081 4025 636848 555293 64811 16744 17798 15417 1879 502 65888 57765 6413 1710 79240 79240 19000 19000 17130 14218 2227 685 5059 4806 253 98452 95913 1942 597 8948 7427 1163 358 21202 17596 2757 849 5576 4628 725 223 11546 9583 1501 462 LICENSE AND FEES 9021 7845 899 277 MEMBERSHIP DUES 1394 1324 70 BAD DEBT 1163 1163 1098891 955738 116398 26755 424721 0 0 0 109471 0 0 0 0 0 16707 0 0 0 22400 0 0 0 0 0 0 573299 0 26681 0 26681 0 X 458454 0 88164 0 546618 0 573299 0 X 190400 34000 -771018 X 0 1 X 0 0 X 107583 331323 825855 671808 745245 2681814 424292 545529 715811 1012984 560870 3259486 531875 876852 1541666 1684792 1306115 5941300 23123 8250 250 31623 254758 246815 323113 513799 289028 1627513 254758 246815 346236 522049 289278 1659136 4282164 531875 876852 1541666 1684792 1306115 5941300 0.72070 0.68470 0.00000 X PART III COLUMN E SHORT YEAR RETURN DUE TO MERGER. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X 1493068 186953 186953 1306115 -16824 -16824 1289291 1251844 152953 152953 1098891 0 1098891 PART X, LINE 2: THE ORGANIZATION HAD ADOPTED ASC 740-10-25, RECOGNITION OF INCOME TAXES WHICH CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN THE ORGANIZATION'S FINANCIAL STATEMENTS IN ACCORDANCE WITH ASC 740-10-25 AND PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. ASC 740-10 ALSO PROVIDES GUIDANCE ON DERECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE ORGANIZATION DID NOT HAVE UNRECOGNIZED TAX BENEFITS AS OF JUNE 30, 2017 AND SEPTEMBER 30, 2016 AND DOES NOT EXPECT THIS TO CHANGE SIGNIFICANTLY OVER THE NEXT 12 MONTHS. IN CONNECTION WITH THE ADOPTION OF ASC 740-10-25, THE ORGANIZATION WILL RECOGNIZE INTEREST AND PENALTIES ACCRUED ON ANY UNRECOGNIZED TAX BENEFITS AS A COMPONENT OF INCOME TAX EXPENSE. AS OF JUNE 30, 2017, THE ORGANIZATION BELIEVES THAT THERE ARE NO INTEREST OR PENALTIES TO ACCRUE RELATED TO UNCERTAIN TAX POSITIONS. PART XI, LINE 4B - OTHER ADJUSTMENTS: LOSS ON DISPOSITION OF ASSETS -16,824. X LAPTOPS-REFURBISHED 200 52150 FAIR MARKET VALUE 0 1 0 TRANSFER OF NET ASSETS 2017-06-30 771018 COST BASIS 770166138 SILICON VALLEY CHILDREN'S FUND 75 E SANTA CLARA STREET SUITE 1450 SAN JOSE CA 95113 501(C)(3) 0 1 0 0 1 1 1 1 0 PART I, LINE 2E: PERSON(S) INVOLVED: JOHN HOGAN PART I, LINE 2E: EXPLANATION OF INVOLVEMENT: JOHN HOGAN WAS THE FOUNDER AND VICE PRESIDENT OF TEENFORCE AND IS THE VICE PRESIDENT OF CAREER SERVICES AT SILICON VALLEY CHILDREN'S FUND. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS PROVIDED TO EACH BOARD MEMBER IN WRITING. BOARD MEMBERS WILL APPROVE THE FILING BY WRITTEN RESOLUTION. FORM 990, PART VI, SECTION B, LINE 12C EACH DIRECTOR IS REQUIRED TO REVIEW THE POLICY ANNUALLY AND SIGN A STATEMENT THAT AFFIRMS THEY HAVE READ, UNDERSTAND, AND AGREE TO COMPLY WITH THE POLICY. ADDITIONALLY, ANNUAL ACTIVITIES AND TRANSACTIONS ARE REVIEWED AND DISCUSSED WITH INSIDERS AND BOARD MEMBERS. FORM 990, PART VI, SECTION B, LINE 15 THE PROCESS FOR DETERMINING COMPENSATION OF THE CEO SHALL INCLUDE ALL OF THE FOLLOWING ELEMENTS: - ANNUAL REVIEW AND APPROVAL BY THE BOARD OF DIRECTORS OR BOARD COMPENSATION COMMITTEE OF THE PROPOSED COMPENSATION - USE OF DATA AS TO COMPARABLE COMPENSATION SIMILARLY QUALIFIED PERSONS EMPLOYED IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILARLY SITUATED ORGANIZATIONS. -DOCUMENTATION OF THE DELIBERATIONS AND DECISIONS REGARDING THE COMPENSATION ARRANGEMENT AT THE TIME THEY OCCUR. COMPENSATION FOR OTHER POSITIONS SHALL BE DETERMINED THROUGH A SIMILAR PROCESS BY THE CEO, BOARD OF DIRECTORS, AND/OR BOARD COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 IT IS OUR POLICY TO FULLY COMPLY WITH ALL IRS AND GOVERNMENT REQUIREMENTS, INCLUDING REQUIREMENTS TO PROVIDE PUBLIC ACCESS TO FILINGS SUCH AS FORM 1023 AND FORM 990. REQUESTS FOR DOCUMENTS SHALL BE FORWARDED TO THE CEO, WHO SHALL CAUSE THE DOCUMENTS TO BE REPRODUCED AND MAILED (OR EMAILED) TO THE REQUESTOR WITHIN 5 BUSINESS DAYS WHENEVER POSSIBLE. A FILE SHALL BE MAINTAINED INDICATING THE REQUESTOR'S NAME AND ADDRESS, DATE REQUESTED AND DATE PROVIDED. SHOULD THE CEO DETERMINE THAT IT IS IN THE ORGANIZATION'S BEST INTERESTS, THE DOCUMENTS MAY BE POSTED ON THE ORGANIZATION'S WEB SITE. IN THIS CASE, REQUESTORS WILL BE REFERRED TO THE WEB SITE AND INQUIRIES WILL ONLY BE LOGGED IN THE CASE OF REQUESTORS WHO SPECIFICALLY REQUIRE THAT A COPY BE MAILED TO THEM. FORM 990, PART XI, LINE 9: TRANSFER OF NET ASSETS -771,018. FORM 990, PART XI, LINE 9: MERGER BETWEEN TEENFORCE AND SILICON VALLEY CHILDREN'S FUND RESULTED IN CONTIBUTED CAPITAL OF $771,018 REPORTED ON SCHEDULE N. SILICON VALLEY CHILDRENS FUND 75 E SANTA CLARA STREET SUITE 1450 SAN JOSE CA 95113 770166138 NONPROFIT IMPROVING EDUCATIONAL & LIFE OUTCOMES FOR FOSTER YOUTH CA 501(C)(1) LINE 10 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 SILICON VALLEY CHILDREN'S FUND R 771018 COST BASIS