2015-08-12T17:51:58-05:00 2014-12-31 941254756 HOOD & STRONG LLP 100 FIRST STREET 14TH FLOOR SAN FRANCISCO CA 94105 990 2014-01-01 454860788 SILICON SCHOOLS FUND INC SILI 4153507426 5858 HORTON STREET NO 451 EMERYVILLE CA 94608 BRIAN GREENBERG CEO 4153507426 2015-08-12 1 MAGA E KISRIEV P01008919 4157810793 2014 2016-02-25 16:41:14Z BRIAN GREENBERG 5858 HORTON STREET NO 451 EMERYVILLE CA 94608 5447075 0 X WWW.SILICONSCHOOLS.COM X 2012 CA WE PROVIDE SEED FUNDING FOR NEXT GENERATION SCHOOLS IN THE BAY AREA. 4 3 2 4 0 0 6177000 5428665 0 0 2535 6644 2546 11766 6182081 5447075 1950000 2675000 0 0 481580 507000 0 0 46689 143194 171612 2574774 3353612 3607307 2093463 6104159 8107344 172042 81764 5932117 8025580 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 3215465 2675000 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 2014, SILICON SCHOOLS FUND MADE GRANTS TO TEN ORGANIZATIONS THAT WILL USE THE FUNDING TO SUPPORT THIRTEEN SCHOOLS NEW TO PERSONALIZED LEARNING. 3215465 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 5 0 1 2 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 4153507426 5858 HORTON STREET NO 451 EMERYVILLE CA 94608 JOHN FISHER DIRECTOR 5.00 X X 0 0 0 TED MITCHELL DIRECTOR (THRU 4/15/2014) 5.00 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 266097 0 32383 CAITRIN WRIGHT PARTNER 50.00 X 141693 0 19834 407790 0 52217 2 0 1 0 0 5428665 5428665 6644 6644 OTHER INCOME 900099 11766 11766 11766 5447075 0 0 18410 2675000 2675000 485201 403474 42154 39573 21799 18029 2090 1680 2447 2447 3190 3190 31587 8137 22971 479 14857 2763 11944 150 41307 34078 4131 3098 29505 28030 1475 42856 42856 2051 2051 HUMAN RESOURCE SERVICE 3120 2574 312 234 GIFTS 524 524 TAXES & LICENSES 161 161 BANK CHARGES 7 7 3353612 3215465 91458 46689 2319915 2127666 3735089 5950898 2546 0 18000 2222 8648 3921 6778 4727 21831 21831 6104159 8107344 22042 31764 150000 50000 172042 81764 X 5932117 8025580 5932117 8025580 6104159 8107344 2093463 0 X 0 1 X 1 0 X 2506729 6177000 5428665 14112394 2506729 6177000 5428665 14112394 14112394 94 2534 6644 9272 2547 11766 14313 14135979 X 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. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 3353612 3353612 317681 79420 0 0 36403 278739 317681 632823 949235 9101 69685 79420 158206 237309 1742 639 1103 6906 3282 3624 4727 X 5447075 0 5447075 0 5447075 3353612 0 3353612 0 3353612 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. 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. 1 ALPHA PUBLIC SCHOOLS 1601 CUNNINGHAM AVENUE SAN JOSE CA 95122 271881962 PUBLIC SCHOOL 300000 TO PROVIDE SEED FUNDING FOR ALPHA PUBLIC SCHOOL'S SECOND SCHOOL. SUMMIT PUBLIC SCHOOLS 455 5TH AVENUE REDWOOD CITY CA 94063 262034843 PUBLIC SCHOOL 900000 TO PROVIDE SEED FUNDING FOR SUMMIT'S DENALI AND SHASTA SCHOOLS. CALIBER SCHOOLS PO BOX 5282 RICHMOND CA 94805 461219795 501(C)(3) 300000 TO PROVIDE SEED FUNDING FOR CALIBER'S FIRST SCHOOL. NAVIGATOR SCHOOLS 277 IOOF AVE GILROY CA 95020 274238843 501(C)(3) 400000 TO PROVIDE SEED FUNDING FOR NAVIGATOR'S TWO SCHOOLS IN GILROY AND HOLLISTER. DESIGN TECH HIGH SCHOOL 400 MURCHISON DRIVE MILLBRAE CA 94030 463705620 501(C)(3) 100000 TO PROVIDE SEED FUNDING FOR DESIGN TECH HIGH SCHOOL. NEW CLASSROOMS 1250 BROADWAY 30TH FLOOR NEW YORK NY 10001 452736163 501(C)(3) 50000 TO PROVIDE FUNDING FOR NEW CLASSROOMS TO EXPLORE BAY AREA EXPANSION. SAN JOSE UNIFIED SCHOOL DISTRICT 855 LENZEN AVENUE SAN JOSE CA 95126 946002606 PUBLIC SCHOOL 100000 TO PROVIDE FUNDING FOR BURNETT MIDDLE SCHOOL. KHAN LAB SCHOOL PO BOX 1630 MOUNTAIN VIEW CA 94042 261544963 501(C)(3) 100000 TO PROVIDE SEED FUNDING FOR KHAN LAB SCHOOL. CORNERSTONE ACADEMY PREPARATORY SCHOOL 1598 LUCRETIA AVENUE SAN JOSE CA 95122 264073462 501(C)(3) 75000 TO PROVIDE FUNDING FOR CORNERSTONE ACADEMY'S TRANSITION TO BLENDED LEARNING. 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. VOICES COLLEGE BOUND LANGUAGE ACADEMY 4075 SACRAMENTO AVENUE SAN JOSE CA 95111 204741060 501(C)(3) 50000 TO PROVIDE FUNDING FOR VOICES COLLEGE BOUND LANGUAGE ACADEMY'S PILOT OF BLENDED LEARNING. 11 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 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. X X X X 0 0 0 0 0 0 0 0 0 BRIAN GREENBERG CEO 211097 0 55000 0 0 0 11000 0 21383 0 298480 0 0 0 CAITRIN WRIGHT PARTNER 131693 0 10000 0 0 0 5930 0 13904 0 161527 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).