2016-08-08T12:09:49-05:00 2015-12-31 941254756 HOOD & STRONG LLP 100 FIRST STREET 14TH FLOOR SAN FRANCISCO CA 94105 990 2015-01-01 454860788 SILICON SCHOOLS FUND INC SILI 5103507263 5858 HORTON STREET NO 451 EMERYVILLE CA 94608 BRIAN GREENBERG CEO 5103507263 2016-08-04 1 MAGA E KISRIEV P01008919 4157810793 2015 2017-02-10 21:41:12Z BRIAN GREENBERG 5858 HORTON STREET NO 451 EMERYVILLE CA 94608 5679368 0 X WWW.SILICONSCHOOLS.COM X 2012 CA WE PROVIDE SEED FUNDING FOR NEXT GENERATION SCHOOLS IN THE BAY AREA. 4 3 3 4 0 0 5428665 5673831 0 0 6644 5537 11766 0 5447075 5679368 2675000 3435000 0 0 507000 646022 0 0 55614 171612 194133 3353612 4275155 2093463 1404213 8107344 9778953 81764 349160 8025580 9429793 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 4114967 3435000 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 2015, SILICON SCHOOLS FUND MADE GRANTS TO 16 ORGANIZATIONS THAT WILL USE THE FUNDING TO SUPPORT SCHOOLS AND RELATED EFFORTS. 4114967 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 6 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 5.00 X X 0 0 0 MICHAEL HORN DIRECTOR 5.00 X 0 0 0 LISA SOBRATO SONSINI DIRECTOR 5.00 X 0 0 0 BRIAN GREENBERG CEO 50.00 X X 290881 0 33084 CAITRIN WRIGHT PARTNER 50.00 X 172983 0 21845 463864 0 54929 2 0 1 0 0 5673831 5673831 5537 5537 5679368 0 0 5537 3435000 3435000 618250 518811 51506 47933 27772 23331 2440 2001 5200 5200 2874 2874 56669 33755 22266 648 16899 2988 13679 232 45125 38357 3760 3008 30928 29382 1546 29919 29919 2158 2158 HUMAN RESOURCE SERVICE 3691 3137 308 246 TAXES & LICENSES 300 300 GIFTS 287 287 BANK CHARGES 83 83 4275155 4114967 104574 55614 2127666 2190445 5950898 7561683 2222 587 10486 6079 4727 4407 21831 21831 8107344 9778953 31764 49160 50000 300000 81764 349160 X 8025580 9429793 8025580 9429793 8107344 9778953 1404213 0 X 0 1 X 1 0 X 2506729 6177000 5428665 5673831 19786225 2506729 6177000 5428665 5673831 19786225 10947733 8838492 94 2534 6644 5537 14809 2547 11766 14313 19815347 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2012 AMOUNT: $ 0. 2013 AMOUNT: $ 2,547. 2014 AMOUNT: $ 11,766. 2015 AMOUNT: $ 0. SCHEDULE A, PART II, SECTION A. PUBLIC SUPPORT, COLUMN (A) THE ORGANIZATION WAS INCORPORATED ON JANUARY 19, 2012, MAKING ITS FIRST TAX YEAR A SHORT YEAR. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 4275155 4275155 363758 90940 0 0 36403 278739 317681 363758 996581 1494872 9101 69685 79420 90940 249146 373719 1742 987 755 8744 5092 3652 4407 X 5679368 0 5679368 0 5679368 4275155 0 4275155 0 4275155 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) 785000 TO PROVIDE SEED FUNDING FOR ALPHA PUBLIC SCHOOL'S SECOND SCHOOL. SUMMIT PUBLIC SCHOOLS 455 5TH AVENUE REDWOOD CITY CA 94063 262034843 501(C)(3) 130000 TO PROVIDE SEED FUNDING FOR SUMMIT'S K2, DENALI AND SHASTA SCHOOLS. CALIBER SCHOOLS PO BOX 5282 RICHMOND CA 94805 461219795 501(C)(3) 205000 TO PROVIDE SEED FUNDING FOR CALIBER'S FIRST SCHOOL. NAVIGATOR SCHOOLS 277 IOOF AVE GILROY CA 95020 274238843 501(C)(3) 10000 TO PROVIDE SEED FUNDING TO ITS TWO SCHOOLS IN GILROY AND HOLLISTER. DESIGN TECH HIGH SCHOOL 800 ROLLINS RD BURLINGAME CA 94010 463705620 501(C)(3) 200000 TO PROVIDE SEED FUNDING TO DESIGN TECH HIGH SCHOOL. NEW CLASSROOMS 1250 BROADWAY 30TH FLOOR NEW YORK NY 10001 452736163 501(C)(3) 200000 TO PROVIDE FUNDING FOR NEW CLASSROOMS TO EXPLORE BAY AREA EXPANSION. TEACH FOR AMERICA 22 4TH STREET 7TH FLOOR SAN FRANCISCO CA 94103 133541913 501(C)(3) 100000 TO PROVIDE FUNDING FOR TEACH FOR AMERICA'S SUMMER TRAINING. EDUCATION FOR CHANGE 303 HEGENBERGER RD OAKLAND CA 94621 202204424 501(C)(3) 150000 TO PROVIDE SEED FUNDING TO EPIC MIDDLE SCHOOL. ENVISION EDUCATION 436 14TH STREET SUITE 920 OAKLAND CA 94612 943394659 501(C)(3) 200000 TO PROVIDE SEED FUNDING FOR ENVISION'S FIRST MIDDLE SCHOOL. KIPP BAY AREA 1404 FRANKLIN STREET SUITE 500 OAKLAND CA 94612 205010766 501(C)(3) 300000 TO PROVIDE FUNDING FOR KIPP PRIZE AND KIPP HERITAGE. OXFORD DAY ACADEMY 1085 SANTA CRUZ AVE APT 3 MENLO PARK CA 94025 474929970 501(C)(3) 100000 TO PROVIDE SEED FUNDING TO OXFORD DAY ACADEMY. GROWTH PUBLIC SCHOOLS 746 N 3RD STREET SAN JOSE CA 95112 474456355 501(C)(3) 100000 TO PROVIDE SEED FUNDING TO GROWTH PUBLIC SCHOOLS. CRISTO REY SAN JOSE HIGH SCHOOL 1390 FIVE WOUNDS LANE SAN JOSE CA 95116 462594689 501(C)(3) 500000 TO PROVIDE SEED FUNDING TO CRISTO REY SAN JOSE HIGH SCHOOL. MISSION PREPATORY INC 75 FRANCIS ST SAN FRANCISCO CA 94112 271599804 501(C)(3) 75000 TO PROVIDE FUNDING TO MISSION PREP TO PURSUE PERSONALIZED LEARNING. ASPIRE PUBLIC SCHOOLS 1001 22ND AVENUE OAKLAND CA 94606 943311088 501(C)(3) 250000 TO PROVIDE FUNDING TO ASPIRE PUBLIC SCHOOLS TO PURSUE PERSONALIZED LEARNING. OAKLAND PUBLIC EDUCATION FUND PO BOX 27148 OAKLAND CA 94602 432014630 501(C)(3) 130000 TO PROVIDE FUNDING TO SUPPORT URBAN PROMISE ACADEMY. 16 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 230881 0 60000 0 0 0 10600 0 22484 0 323965 0 0 0 CAITRIN WRIGHT PARTNER 157983 0 15000 0 0 0 7200 0 14645 0 194828 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 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).