2015-05-12T12:50:05-07:00 2014-06-30 RK Taylor & Associates 2890 North Main St Suite 305 Walnut Creek CA 94597 990 2013-07-01 270220018 Prospect Silicon Valley PROS 4082739224 1608 Las Plumas San Jose CA 95133 Doug Davenport Executive Dir. 2015-05-12 true John M Kikuchi P00009948 9259447662 2013 2016-04-25 22:37:26Z Doug Davenport 1608 Las Plumas San Jose CA 95133 223153 false false X N/A X 2009 CA To foster innovation and positive social impact through technology demonstration support and community partnership toward sustainable urban systems. 6 6 0 0 187500 35653 0 0 223153 0 0 186342 0 93674 120747 307089 -83936 206689 154840 32087 206689 122753 X As reflected in Amended and Restated Articles of Incorporation filed in March, 2015, Prospect Silicon Valley ("ProspectSV") is organized and operated exclusively for public and charitable purposes within the meaning of setion 501(c)(3) of the Internal Revenue Code.A primary purpose of ProspectSV is to support and assist the City of San Jose, California in operating the Clean Tech Demonstration Center at the Environmental Innovation Center and to develop, implement, and support demonstration and commercialization activities for clean tech and other emerging technologies in the City of San Jose, CA. true false 138700 35653 ProspectSV is a non-profit commercialization catalyst assisting emerging technology companies with a pathway to market, bringing high-impact solutions forward in the Bay Area. ProspectSVs team of highly qualified technical and market experts assist startups with a suite of commercialization services, and collaborates with Bay Area cities to implement next generation technologies for our commutes, workplaces, homes, environment and overall quality of life. Drawing together government, business and institutional leadership into collaborative partnership, the ProspectSV team develops local initiatives with an aim toward global impact. To learn more visit www.prospectsv.org.Buildings:Our strategy is straightforward: launch a Bay Area platform of public and private building partners to help companies commercialize innovative building solutions, and help position them for investment and market readiness. The approach is aimed at providing use cases for established technology companies as well as start-ups. The plan includes forming a regional portfolio of commercial-scale buildings and pilot sites to provide emerging companies unique opportunities for early demonstration and field trials. Transportation:Technology is changing the way we access, use, and perceive mobility. The advent of high-performance electric vehicles, connected vehicles, autonomy, and the shared economy are transforming transportation globally. Prospect Silicon Valley, working with private sector partners and local communities, are building an innovative public-private partnership that will usher in the next generation of transportation technology, and offer truly unique platforms for innovation at the lab, field, and community scale.BACC:The Bay Area Climate Collaborative (BACC), a program of Prospect Silicon Valley, is a public-private initiative established by business and civic leaders in 2009 to accelerate the clean energy implementation. BACC programs have committed over 100 million lbs. CO2 avoided over the next 10 years through its market oriented initiatives. BACC initiatives include facilitating the deployment of 140 electric fleet vehicles, over 150 EV charge ports, 85,000 LED street lights, and developing innovative programs such as Energize Schools. Anchor partners include the Silicon Valley Leadership Group, Bank of America, PG&E, Environmental Defense Fund, major clean energy industry partners, and local governments representing over 70 percent of the Bay Area population. For more information on the BACC, please visit www.baclimate.org. 138700 true true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 4 0 true 0 false false false false false false false false false 0 false false false false false false false false false false X 6 6 false false true false false false false true false false false true false false false false false false false false X FASS 4085138703 3180 Newberry Dr Ste 200 San Jose CA 95118 Gordon Ho Chairman 1.00 0.00 X X 0 0 0 Michael Wu Board Member 1.00 0.00 X 0 0 0 Vijay Sammeta Board Member 1.00 0.00 X 0 0 0 Rick Hutchinson Board Member 1.00 0.00 X 0 0 0 Kim Walesh Chair 1.00 0.00 X X 0 0 0 Doug Davenport Executive Dir. 40.00 0.00 X 103200 0 0 103200 1 false false false Doug Davenport 1608 Las Plumas San Jose CA 95133 Management 103200 1 187500 187500 35653 0 0 0 0 0 0 0 0 0 223153 35653 X 0 0 0 0 134400 65470 23350 45580 0 47701 27113 15401 5187 0 0 4241 1852 1992 397 0 0 0 0 0 0 102442 42132 18208 42102 10750 10750 1474 1274 79 121 24 24 0 140 140 0 0 0 0 0 0 0 Other 5917 719 4911 287 0 307089 138700 74715 93674 206689 104483 0 0 48244 0 0 0 0 2113 0 0 0 0 0 0 206689 154840 32087 0 32087 X 206689 57431 65322 206689 122753 206689 154840 -83936 X false false false X 230896 187500 418396 0 0 230896 187500 418396 41632 376764 0 0 0 418396 X 0.00000 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED Form 990, Part III, Line 2: New Services ProspectSV was originally formed in 2009 under the name San Jose Biocenter. Its purposes, as described in its Articles of Incorporation, were to foster economic development to create positive social impact in the San Jose, California region, by being the leading provider of specialized operational infrastructure, capital equipment, networking opportunities, and mentoring and education services to emerging science and technology companies, thus promoting a business cluster and accelerating emerging technologies to the public.In 2013, the name of the entity was changed to Prospect Silicon Valley.In 2015, the Articles were amended and restated to provide that the purposes for which the corporation is formed are as follows:1. The specific purposes and powers of the Corporation are as follows:(a) The Corporation is organized and is to be operated exclusively for public and charitable purposes within the meaning of section 501(c)(3) of the United States Internal Revenue Code of 1986 (hereinafter referred to as the "Code"). All references to the Code contained herein are deemed to include corresponding provisions of any future United States Internal Revenue law.(b) One of the primary purposes of the Corporation is to support and assist the City of San Jose, California in operating the Clean Tech Demonstration Center at the Environmental Innovation Center and to develop, implement, and support demonstration and commercialization activities for clean tech and other emerging technologies in the City of San Jose, California.(c) In furtherance of the purposes set forth in this Article III, the Corporation may exercise all the rights and powers conferred on nonprofit public benefit corporations under the laws of the State of California. Form 990, Part VI, Line 4: Description of Significant Changes to Organizational Documents Prospect Silicon Valley was originally formed in 2009 under the name San Jose Biocenter. Its purpose, as described in its Articles of Incorporation, were to foster economic development to create positive social impact in the San Jose, California region, by being the leading provider of specialized operational infrastructure, capital equipment, networking opportunities, and mentoring and education services to emerging science and technology companies, thus promoting a business cluster and accelerating emerging technologies to the public.In 2013, the name of the entity was changed to Prospect Silicon Valley. In 2015, the Articles were amended and restated to provide that the purposes for which the corporation is formed are as follows:1.The specific purposes and powers of the Corporation are as follows:(a)The Corporation is organized and is to be operated exclusively for public and charitable purposes within the meaning of section 501(c)(3) of the United States Internal Revenue Code of 1986 (hereinafter referred to as the Code). All references to the Code contained herein are deemed to include corresponding provisions of any future United States Internal Revenue Law. (b)One of the primary purposes of the Corporation is to support and assist the City of San Jose, California in operating the Clean Tech Demonstration Center at the Environmental Innovation Center and to develop, implement, and support demonstration and commercialization activities for clean tech and other emerging technologies in the City of San Jose, California.(c)In furtherance of the purposes set forth in this Article III, the Corporation may exercise all the rights and powers conferred on nonprofit public benefit corporations under the laws of the State of California. Form 990, Part VI, Line 11b: Form 990 Review Process The Form 990 is reviewed by the Executive Director prior to being provided to the board and filing. Form 990, Part VI, Line 19: Other Organization Documents Publicly Available Governing documents are available upon request. Conflict of interest policy In 2015, the organization adopted a Conflit of Interest policy.