SILICON SCHOOLS FUND INC: Form 990, tax year 2014

View the entire original 990 at ProPublica ↗

Organization
SILICON SCHOOLS FUND INC (EIN 45-4860788)
Tax period
2014-01-01 to 2014-12-31
Filed
2015-08-12
IRS object ID
201502249349303130
Schema version
2014v5.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2015-08-12T17:51:58-05:00ReturnTs
Tax Period End2014-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN941254756PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1HOOD & STRONG LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1100 FIRST STREET 14TH FLOORAddressLine1Txt
CitySAN FRANCISCOCityNm
State AbbreviationCAStateAbbreviationCd
ZIP94105ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2014-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN454860788EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1SILICON SCHOOLS FUND INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlSILIBusinessNameControlTxt
Phone4153507426PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line15858 HORTON STREET NO 451AddressLine1Txt
CityEMERYVILLECityNm
State AbbreviationCAStateAbbreviationCd
ZIP94608ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonBRIAN GREENBERGPersonNm
Person TitleCEOPersonTitleTxt
Phone4153507426PhoneNum
Signature2015-08-12SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMAGA E KISRIEVPreparerPersonNm
PTINP01008919PTIN
Phone4157810793PhoneNum
FieldValueIRS element (for citing)
Tax2014TaxYr
Build TS2016-02-25 16:41:14ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerBRIAN GREENBERGPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line15858 HORTON STREET NO 451AddressLine1Txt
CityEMERYVILLECityNm
State AbbreviationCAStateAbbreviationCd
ZIP94608ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$5,447,075GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.SILICONSCHOOLS.COMWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2012FormationYr
Legal Domicile StateCALegalDomicileStateCd
Activity Or MissionWE PROVIDE SEED FUNDING FOR NEXT GENERATION SCHOOLS IN THE BAY AREA.ActivityOrMissionDesc
Voting Members Governing Body4VotingMembersGoverningBodyCnt
Voting Members Independent3VotingMembersIndependentCnt
Total Employee2TotalEmployeeCnt
Total Volunteers4TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$6,177,000PYContributionsGrantsAmt
CY Contributions Grants$5,428,665CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$2,535PYInvestmentIncomeAmt
CY Investment Income$6,644CYInvestmentIncomeAmt
PY Other Revenue$2,546PYOtherRevenueAmt
CY Other Revenue$11,766CYOtherRevenueAmt
PY Total Revenue$6,182,081PYTotalRevenueAmt
CY Total Revenue$5,447,075CYTotalRevenueAmt
PY Grants And Similar Paid$1,950,000PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$2,675,000CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$481,580PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$507,000CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$46,689CYTotalFundraisingExpenseAmt
PY Other Expenses$143,194PYOtherExpensesAmt
CY Other Expenses$171,612CYOtherExpensesAmt
PY Total Expenses$2,574,774PYTotalExpensesAmt
CY Total Expenses$3,353,612CYTotalExpensesAmt
PY Revenues Less Expenses$3,607,307PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$2,093,463CYRevenuesLessExpensesAmt
Total Assets BOY$6,104,159TotalAssetsBOYAmt
Total Assets EOY$8,107,344TotalAssetsEOYAmt
Total Liabilities BOY$172,042TotalLiabilitiesBOYAmt
Total Liabilities EOY$81,764TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$5,932,117NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$8,025,580NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionOUR 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.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$3,215,465ExpenseAmt
Grant$2,675,000GrantAmt
Revenue$0RevenueAmt
DescSILICON 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 2014, SILICON SCHOOLS FUND MADE GRANTS TO TEN ORGANIZATIONS THAT WILL USE THE FUNDING TO SUPPORT THIRTEEN SCHOOLS NEW TO PERSONALIZED LEARNING.Desc
Total Program Service Expenses$3,215,465TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying ActivitiesYes (1)LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Temp Or Permanent Endowments0TempOrPermanentEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To OrganizationsYes (1)GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With Officer Ent0BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document5IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee2EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members4GoverningBodyVotingMembersCnt
Independent Voting Member3IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldCAStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1CAITRIN WRIGHTBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone4153507426PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line15858 HORTON STREET NO 451AddressLine1Txt
CityEMERYVILLECityNm
State AbbreviationCAStateAbbreviationCd
ZIP94608ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (6 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtHighest Compensated EmployeeHighestCompensatedEmployeeInd
JOHN FISHER
DIRECTOR5.00Yes (X)Yes (X)$0$0$0
TED MITCHELL
DIRECTOR (THRU 4/15/2014)5.00Yes (X)$0$0$0
MICHAEL HORN
DIRECTOR5.00Yes (X)$0$0$0
LISA SOBRATO SONSINI
DIRECTOR5.00Yes (X)$0$0$0
BRIAN GREENBERG
CEO50.00Yes (X)Yes (X)$266,097$0$32,383
CAITRIN WRIGHT
PARTNER50.00$141,693$0$19,834Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$407,790TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$52,217TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K2IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
All Other Contributions$5,428,665AllOtherContributionsAmt
Total Contributions$5,428,665TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$6,644TotalRevenueColumnAmt
Exclusion$6,644ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescOTHER INCOMEDesc
Business900099BusinessCd
Total Revenue Column$11,766TotalRevenueColumnAmt
Exclusion$11,766ExclusionAmt
FieldValueIRS element (for citing)
Other Revenue Total$11,766OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$5,447,075TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$18,410ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$2,675,000TotalAmt
Program Services$2,675,000ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$485,201TotalAmt
Program Services$403,474ProgramServicesAmt
Management And General$42,154ManagementAndGeneralAmt
Fundraising$39,573FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$21,799TotalAmt
Program Services$18,029ProgramServicesAmt
Management And General$2,090ManagementAndGeneralAmt
Fundraising$1,680FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$2,447TotalAmt
Management And General$2,447ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$3,190TotalAmt
Management And General$3,190ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$31,587TotalAmt
Program Services$8,137ProgramServicesAmt
Management And General$22,971ManagementAndGeneralAmt
Fundraising$479FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$14,857TotalAmt
Program Services$2,763ProgramServicesAmt
Management And General$11,944ManagementAndGeneralAmt
Fundraising$150FundraisingAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$41,307TotalAmt
Program Services$34,078ProgramServicesAmt
Management And General$4,131ManagementAndGeneralAmt
Fundraising$3,098FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$29,505TotalAmt
Program Services$28,030ProgramServicesAmt
Fundraising$1,475FundraisingAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$42,856TotalAmt
Program Services$42,856ProgramServicesAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$2,051TotalAmt
Management And General$2,051ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
HUMAN RESOURCE SERVICE$3,120$2,574$312$234
GIFTS$524$524
TAXES & LICENSES$161$161
BANK CHARGES$7$7

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$3,353,612TotalAmt
Program Services$3,215,465ProgramServicesAmt
Management And General$91,458ManagementAndGeneralAmt
Fundraising$46,689FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$2,319,915BOYAmt
EOY$2,127,666EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$3,735,089BOYAmt
EOY$5,950,898EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$2,546BOYAmt
EOY$0EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$18,000BOYAmt
EOY$2,222EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$8,648LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$3,921LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$6,778BOYAmt
EOY$4,727EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$21,831BOYAmt
EOY$21,831EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$6,104,159BOYAmt
EOY$8,107,344EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$22,042BOYAmt
EOY$31,764EOYAmt

Grants Payable GrantsPayableGrp

FieldValueIRS element (for citing)
BOY$150,000BOYAmt
EOY$50,000EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$172,042BOYAmt
EOY$81,764EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$5,932,117BOYAmt
EOY$8,025,580EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$5,932,117BOYAmt
EOY$8,025,580EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$6,104,159BOYAmt
EOY$8,107,344EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$2,093,463ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus2 Years$2,506,729CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$6,177,000CurrentTaxYearMinus1YearAmt
Current Tax Year$5,428,665CurrentTaxYearAmt
Total$14,112,394TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus2 Years$2,506,729CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$6,177,000CurrentTaxYearMinus1YearAmt
Current Tax Year$5,428,665CurrentTaxYearAmt
Total$14,112,394TotalAmt
FieldValueIRS element (for citing)
Public Support Total170$14,112,394PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus2 Years$94CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$2,534CurrentTaxYearMinus1YearAmt
Current Tax Year$6,644CurrentTaxYearAmt
Total$9,272TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus1 Year$2,547CurrentTaxYearMinus1YearAmt
Current Tax Year$11,766CurrentTaxYearAmt
Total$14,313TotalAmt
FieldValueIRS element (for citing)
Total Support$14,135,979TotalSupportAmt
First5 Years170Yes (X)First5Years170Ind

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME:OTHER INCOME - 2013 AMOUNT: $ 2,547. 2014 AMOUNT: $ 11,766.
SCHEDULE A, PART II:THE ORGANIZATION WAS INCORPORATED ON JANUARY 19, 2012, MAKING ITS FIRST TAX YEAR A SHORT YEAR.

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule C IRS990ScheduleC

Total Grassroots Lobbying TotalGrassrootsLobbyingGrp

FieldValueIRS element (for citing)
Filing Organizations Total$0FilingOrganizationsTotalAmt

Total Direct Lobbying TotalDirectLobbyingGrp

FieldValueIRS element (for citing)
Filing Organizations Total$0FilingOrganizationsTotalAmt

Total Lobbying Expend TotalLobbyingExpendGrp

FieldValueIRS element (for citing)
Filing Organizations Total$0FilingOrganizationsTotalAmt

Other Exempt Purpose Expend OtherExemptPurposeExpendGrp

FieldValueIRS element (for citing)
Filing Organizations Total$3,353,612FilingOrganizationsTotalAmt

Total Exempt Purpose Expend TotalExemptPurposeExpendGrp

FieldValueIRS element (for citing)
Filing Organizations Total$3,353,612FilingOrganizationsTotalAmt

Lobbying Nontaxable Amount LobbyingNontaxableAmountGrp

FieldValueIRS element (for citing)
Filing Organizations Total$317,681FilingOrganizationsTotalAmt

Grassroots Nontaxable GrassrootsNontaxableGrp

FieldValueIRS element (for citing)
Filing Organizations Total$79,420FilingOrganizationsTotalAmt

Tot Lbbyng Grassroot Mns Non Tx TotLbbyngGrassrootMnsNonTxGrp

FieldValueIRS element (for citing)
Filing Organizations Total$0FilingOrganizationsTotalAmt

Tot Lbby Expend Mns Lbbyng Non Tx TotLbbyExpendMnsLbbyngNonTxGrp

FieldValueIRS element (for citing)
Filing Organizations Total$0FilingOrganizationsTotalAmt

Avg Lobbying Nontaxable Amount AvgLobbyingNontaxableAmountGrp

FieldValueIRS element (for citing)
Current Year Minus2$36,403CurrentYearMinus2Amt
Current Year Minus1$278,739CurrentYearMinus1Amt
Current Year$317,681CurrentYearAmt
Total$632,823TotalAmt
FieldValueIRS element (for citing)
Lobbying Ceiling$949,235LobbyingCeilingAmt

Avg Grassroots Nontaxable AvgGrassrootsNontaxableGrp

FieldValueIRS element (for citing)
Current Year Minus2$9,101CurrentYearMinus2Amt
Current Year Minus1$69,685CurrentYearMinus1Amt
Current Year$79,420CurrentYearAmt
Total$158,206TotalAmt
FieldValueIRS element (for citing)
Grassroots Ceiling$237,309GrassrootsCeilingAmt

Schedule D IRS990ScheduleD

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$1,742OtherCostOrOtherBasisAmt
Depreciation$639DepreciationAmt
Book Value$1,103BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$6,906OtherCostOrOtherBasisAmt
Depreciation$3,282DepreciationAmt
Book Value$3,624BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$4,727TotalBookValueLandBuildingsAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$5,447,075TotalRevEtcAuditedFinclStmtAmt
Revenue Not Reported$0RevenueNotReportedAmt
Revenue Subtotal$5,447,075RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$5,447,075TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$3,353,612TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$3,353,612ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$3,353,612TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART X, LINE 2:FormAndLineReferenceDesc
ExplanationTHE 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. THE FUND MAY BE SUBJECT TO TAX ON UNRELATED BUSINESS INCOME, IF ANY, GENERATED BY ITS INVESTMENTS. 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. WITH FEW EXCEPTIONS, THE FUND IS SUBJECT TO INCOME TAX EXAMINATIONS BY FEDERAL OR STATE AUTHORITIES SINCE INCEPTION.ExplanationTxt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Recipient Table RecipientTable (11 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdRecipient EINRecipientEINIRC SectionIRCSectionDescCash GrantCashGrantAmtPurpose Of GrantPurposeOfGrantTxt
ALPHA PUBLIC SCHOOLS
1601 CUNNINGHAM AVENUESAN JOSECA95122271881962PUBLIC SCHOOL$300,000TO PROVIDE SEED FUNDING FOR ALPHA PUBLIC SCHOOL'S SECOND SCHOOL.
SUMMIT PUBLIC SCHOOLS
455 5TH AVENUEREDWOOD CITYCA94063262034843PUBLIC SCHOOL$900,000TO PROVIDE SEED FUNDING FOR SUMMIT'S DENALI AND SHASTA SCHOOLS.
CALIBER SCHOOLS
PO BOX 5282RICHMONDCA94805461219795501(C)(3)$300,000TO PROVIDE SEED FUNDING FOR CALIBER'S FIRST SCHOOL.
NAVIGATOR SCHOOLS
277 IOOF AVEGILROYCA95020274238843501(C)(3)$400,000TO PROVIDE SEED FUNDING FOR NAVIGATOR'S TWO SCHOOLS IN GILROY AND HOLLISTER.
DESIGN TECH HIGH SCHOOL
400 MURCHISON DRIVEMILLBRAECA94030463705620501(C)(3)$100,000TO PROVIDE SEED FUNDING FOR DESIGN TECH HIGH SCHOOL.
NEW CLASSROOMS
1250 BROADWAY 30TH FLOORNEW YORKNY10001452736163501(C)(3)$50,000TO PROVIDE FUNDING FOR NEW CLASSROOMS TO EXPLORE BAY AREA EXPANSION.
SAN JOSE UNIFIED SCHOOL DISTRICT
855 LENZEN AVENUESAN JOSECA95126946002606PUBLIC SCHOOL$100,000TO PROVIDE FUNDING FOR BURNETT MIDDLE SCHOOL.
KHAN LAB SCHOOL
PO BOX 1630MOUNTAIN VIEWCA94042261544963501(C)(3)$100,000TO PROVIDE SEED FUNDING FOR KHAN LAB SCHOOL.
CORNERSTONE ACADEMY PREPARATORY SCHOOL
1598 LUCRETIA AVENUESAN JOSECA95122264073462501(C)(3)$75,000TO PROVIDE FUNDING FOR CORNERSTONE ACADEMY'S TRANSITION TO BLENDED LEARNING.
KIPP BAY AREA
1404 FRANKLIN STREET SUITE 500OAKLANDCA94612205010766501(C)(3)$300,000TO PROVIDE FUNDING FOR KIPP PRIZE AND KIPP HERITAGE.
VOICES COLLEGE BOUND LANGUAGE ACADEMY
4075 SACRAMENTO AVENUESAN JOSECA95111204741060501(C)(3)$50,000TO PROVIDE FUNDING FOR VOICES COLLEGE BOUND LANGUAGE ACADEMY'S PILOT OF BLENDED LEARNING.
FieldValueIRS element (for citing)
Total501c3 Org11Total501c3OrgCnt
Total Other Org0TotalOtherOrgCnt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 2:FormAndLineReferenceDesc
ExplanationAT 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 3 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.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Compensation CommitteeYes (X)CompensationCommitteeInd
Form990 Of Other OrganizationsYes (X)Form990OfOtherOrganizationsInd
Compensation SurveyYes (X)CompensationSurveyInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments0AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (2 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
BRIAN GREENBERG
CEO$211,097$0$55,000$0$0$0$11,000$0$21,383$0$298,480$0$0$0
CAITRIN WRIGHT
PARTNER$131,693$0$10,000$0$0$0$5,930$0$13,904$0$161,527$0$0$0

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION B, LINE 11THE 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 12CUPON 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 15BASE 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 19THE 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).

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