2017-09-28T13:04:57-05:00 2016-12-31 941254756 HOOD & STRONG LLP 275 BATTERY ST STE 900 SAN FRANCISCO CA 94111 990 2016-01-01 454860788 SILICON SCHOOLS FUND INC SILI 5103507263 5858 HORTON STREET NO 451 EMERYVILLE CA 94608 BRIAN GREENBERG CEO 5103507263 2017-09-22 1 MAGA E KISRIEV P01008919 4157810793 12.201.129.210 2017-09-22 17:40:15 PD P E001E1F7BE6D8F89CFA5F182C87A9F5E53B2AD9E FFC74CCD9668B0F87D493C80261F94F84E4E816A 2016 2021-01-29 14:40:06Z BRIAN GREENBERG 5858 HORTON STREET NO 451 EMERYVILLE CA 94608 14325314 0 X WWW.SILICONSCHOOLS.COM X 2012 CA WE PROVIDE SEED FUNDING FOR NEXT GENERATION SCHOOLS IN THE BAY AREA. 4 3 3 3 0 0 5673831 11324764 0 0 5537 85752 0 913 5679368 11411429 3435000 4286500 0 0 646022 832382 0 0 87528 194133 278298 4275155 5397180 1404213 6014249 9778953 15736712 349160 327943 9429793 15408769 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 5165325 4286500 913 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 2016, SILICON SCHOOLS FUND MADE GRANTS TO 23 ORGANIZATIONS THAT WILL USE THE FUNDING TO SUPPORT 25 SCHOOLS AND RELATED EFFORTS. 5165325 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 18 0 1 3 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 5858 HORTON STREET NO 451 EMERYVILLE CA 94608 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 326377 0 35655 CAITRIN WRIGHT PARTNER 50.00 X 188015 0 23814 ROB SCHWARTZ PARTNER 50.00 X 163996 0 31558 678388 0 91027 3 0 1 0 0 11324764 11324764 480 480 2999157 2913885 85272 85272 85272 MISCELLANEOUS INCOME 900099 913 913 913 11411429 913 0 85752 4286500 4286500 798380 658749 62098 77533 34002 28242 2778 2982 482 482 4634 4634 42744 7564 34735 445 30462 4855 25265 342 49269 41057 4106 4106 34607 32877 1730 99069 99069 1621 1621 BANK CHARGES 8218 8218 HUMAN RESOURCE SERVICE 4680 3900 390 390 GIFTS 2512 2512 5397180 5165325 144327 87528 2190445 5841915 7561683 8586097 0 1125000 587 28630 12584 7700 4407 4884 125355 21831 24831 9778953 15736712 49160 76443 300000 251500 349160 327943 X 9429793 14283769 0 1125000 9429793 15408769 9778953 15736712 6014249 -35273 0 X 0 1 X 1 0 X 2506729 6177000 5428665 5673831 11324764 31110989 2506729 6177000 5428665 5673831 11324764 31110989 14028166 17082823 94 2534 6644 5537 480 15289 31126278 15226 0.54880 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 5397180 5397180 419859 104965 0 0 278739 317681 363758 419859 1380037 2070056 69685 79420 90940 104965 345010 517515 1742 1335 407 10842 6365 4477 4884 X 11376156 -35273 -35273 11411429 0 11411429 5397180 0 5397180 0 5397180 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. 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. 1 ALPHA PUBLIC SCHOOLS 1601 CUNNINGHAM AVE SAN JOSE CA 95122 271881962 501(C)(3) 20000 SUPPORT PRINCIPALS' ATTENDANCE AT RELAY TRAINING KIPP BAY AREA 1404 FRANKLIN STREET SUITE 500 OAKLAND CA 94612 205010766 501(C)(3) 50000 SUPPORT FOR KIPP EXCELENCIA NAVIGATOR SCHOOLS 277 IOOF AVE GILROY CA 95020 274238843 501(C)(3) 140000 SUPPORT OF HPS AND THE ORGANIZATION'S BUSINESS PLANNING BUILDING EXCELLENT SCHOOLS INC 31 MILK STREET 6TH FLOOR BOSTON MA 02109 352194153 501(C)(3) 400000 SUPPORT OF TWO ENTREPRENEURS WORKING TO LAUNCH SCHOOLS OAKLAND PUBLIC EDUCATION FUND PO BOX 27148 OAKLAND CA 94602 432014630 501(C)(3) 10000 SUPPORT FOR OAKLAND PROMISE SUMMIT PUBLIC SCHOOLS 455 5TH AVENUE REDWOOD CITY CA 94063 262034843 501(C)(3) 400000 SUPPORT FOR SUMMIT TAM AND SUMMIT K2 GROWTH PUBLIC SCHOOLS 746 N 3RD STREET SAN JOSE CA 95112 474456355 501(C)(3) 100000 SUPPORT FOR THE LAUNCH OF GROWTH'S FIRST SCHOOL IPSO SCHOOLS 135 HARVARD AVE MILL VALLEY CA 94941 475675434 501(C)(3) 100000 SUPPORT FOR PLANNING FOR IPSO'S SCHOOL MODEL OXFORD DAY ACADEMY 1085 SANTA CRUZ AVE APT 3 MENLO PARK CA 94025 474929970 501(C)(3) 100000 SUPPORT FOR THE LAUNCH OF OXFORD DAY ACADEMY ENVISION EDUCATION 436 14TH STREET SUITE 920 OAKLAND CA 94612 943394659 501(C)(3) 300000 SUPPORT FOR ENVISION'S FIRST MIDDLE SCHOOL CHARTHOUSE PUBLIC SCHOOLS 150 N WIGET SUITE 203 WALNUT CREEK CA 94598 471506069 501(C)(3) 150000 SUPPORT FOR THE LAUNCH OF CONTRA COSTA SCHOOL OF THE PERFORMING ARTS DONORSCHOOSEORG 134 W 37TH ST FLOOR 11 NEW YORK NY 10018 134129457 501(C)(3) 271500 SUPPORT FOR PARTNERSHIP TO PROVIDE INCENTIVES FOR TEACHER PD AND PROJECTS EAST BAY INNOVATION ACADEMY 3400 MALCOLM AVE OAKLAND CA 94605 462428863 501(C)(3) 200000 SUPPORT FOR EBIA'S HIGH SCHOOL INNOVATE PUBLIC SCHOOLS 150 ALMADEN BLVD SAN JOSE CA 95113 462155826 501(C)(3) 235000 SUPPORT FOR INNOVATE'S COACHING AND SUPPORT FOR TWO ENTREPRENEURS ROCKETSHIP EDUCATION 350 TWIN DOLPHIN DRIVE SUITE 109 REDWOOD CITY CA 94065 204040597 501(C)(3) 500000 SUPPORT FOR THE LAUNCH OF RISING STARS AND FUTURO ACADEMY LIGHTHOUSE COMMUNITY CHARTER SCHOOL 444 HEGENBERGER RD OAKLAND CA 94621 943370410 501(C)(3) 100000 SUPPORT FOR LIGHTHOUSE LODESTAR ASPIRE UNIVERSITY INC 2946 BROADWAY STREET REDWOOD CITY CA 94062 474649648 501(C)(3) 200000 SUPPORT FOR ASPIRE'S RESIDENCY PROGRAM RELAY GRADUATE SCHOOL OF EDUCATION 40 WEST 20TH STREET 7TH FLOOR NEW YORK NY 10011 275316628 501(C)(3) 200000 SUPPORT FOR RELAY'S OPERATIONS IN THE BAY AREA LOYOLA MARYMOUNT UNIVERSITY UNIVERSITY HALL SUITE 2100 1 LMU DRIVE LOS ANGELES CA 90045 951643334 501(C)(3) 125000 SUPPORT FOR LMU'S TRAINING PARTNERSHIP WITH TFA BAY AREA MILPITAS UNIFIED SCHOOL DISTRICT 1331 E CALAVERAS BLVD MILPITAS CA 95035 770289955 MUSD 85000 SUPPORT FOR RUSSELL MIDDLE SCHOOL YU MING CHARTER SCHOOL 1086 ALCATRAZ AVE OAKLAND CA 94608 274260393 501(C)(3) 100000 SUPPORT FOR THE LAUNCH OF YU MING'S MIDDLE SCHOOL CALIBER SCHOOLS PO BOX 5282 RICHMOND CA 94805 461219795 501(C)(3) 300000 SUPPORT FOR CALIBER CHANGEMAKERS DESIGN TECH HIGH SCHOOL 1800 ROLLINS DRIVE BURLINGAME CA 94030 463705620 501(C)(3) 200000 SUPPORT FOR THE OPERATIONS OF DESIGN TECH 24 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 270377 0 56000 0 0 0 10600 0 25055 0 362032 0 0 0 CAITRIN WRIGHT PARTNER 183015 0 5000 0 0 0 7521 0 16293 0 211829 0 0 0 ROB SCHWARTZ PARTNER 154996 0 9000 0 0 0 6560 0 24998 0 195554 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).