SILICON SCHOOLS FUND INC: Form 990, tax year 2013

View the entire original 990 at ProPublica ↗

Organization: SILICON SCHOOLS FUND INC (EIN 45-4860788)
Tax period: 2013-01-01 to 2013-12-31
Filed: 2014-11-06
IRS object ID: 201423109349301747
Schema version: 2013v3.0
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
Form 990
Schedule A
Schedule B
Schedule C
Schedule D
Schedule I
Schedule J
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2014-11-06T15:52:55-06:00	ReturnTs
Tax Period End	2013-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	941254756	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	HOOD & STRONG LLP	BusinessNameLine1

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	100 FIRST STREET 14TH FLOOR	AddressLine1
City	SAN FRANCISCO	City
State	CA	State
ZIP Code	94105	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2013-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	454860788	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	SILICON SCHOOLS FUND INC	BusinessNameLine1

Field	Value	IRS element (for citing)
Business Name Control	SILI	BusinessNameControlTxt
Phone	4153507426	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	5858 HORTON STREET NO 451	AddressLine1
City	EMERYVILLE	City
State	CA	State
ZIP Code	94608	ZIPCode

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	BRIAN GREENBERG	PersonNm
Person Title	CEO	PersonTitleTxt
Phone	4153507426	PhoneNum
Signature	2014-10-21	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	MAGA E KISRIEV	PreparerPersonNm
PTIN	P01008919	PTIN
Phone	4157810793	PhoneNum

Field	Value	IRS element (for citing)
Tax	2013	TaxYr
Build TS	2015-11-30 17:44:51Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Principal Officer	BRIAN GREENBERG	PrincipalOfficerNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	5858 HORTON STREET NO 451	AddressLine1
City	EMERYVILLE	City
State	CA	State
ZIP Code	94608	ZIPCode

Field	Value	IRS element (for citing)
Gross Receipts	$6,182,081	GrossReceiptsAmt
Group Return For Affiliates	0	GroupReturnForAffiliatesInd
Organization501c3	Yes (X)	Organization501c3Ind
Website Address	WWW.SILICONSCHOOLS.COM	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	2012	FormationYr
Legal Domicile State	CA	LegalDomicileStateCd
Activity Or Mission	WE PROVIDE SEED FUNDING FOR NEXT GENERATION SCHOOLS IN THE BAY AREA.	ActivityOrMissionDesc
Voting Members Governing Body	4	VotingMembersGoverningBodyCnt
Voting Members Independent	3	VotingMembersIndependentCnt
Total Employee	2	TotalEmployeeCnt
Total Volunteers	4	TotalVolunteersCnt
Total Gross UBI	$0	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$0	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$2,506,729	PYContributionsGrantsAmt
CY Contributions Grants	$6,177,000	CYContributionsGrantsAmt
PY Program Service Revenue	$0	PYProgramServiceRevenueAmt
CY Program Service Revenue	$0	CYProgramServiceRevenueAmt
PY Investment Income	$94	PYInvestmentIncomeAmt
CY Investment Income	$2,535	CYInvestmentIncomeAmt
PY Other Revenue	$0	PYOtherRevenueAmt
CY Other Revenue	$2,546	CYOtherRevenueAmt
PY Total Revenue	$2,506,823	PYTotalRevenueAmt
CY Total Revenue	$6,182,081	CYTotalRevenueAmt
PY Grants And Similar Paid	$100,000	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$1,950,000	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$0	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$71,045	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$481,580	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$0	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$32,935	CYTotalFundraisingExpenseAmt
PY Other Expenses	$10,968	PYOtherExpensesAmt
CY Other Expenses	$143,194	CYOtherExpensesAmt
PY Total Expenses	$182,013	PYTotalExpensesAmt
CY Total Expenses	$2,574,774	CYTotalExpensesAmt
PY Revenues Less Expenses	$2,324,810	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	$3,607,307	CYRevenuesLessExpensesAmt
Total Assets BOY	$2,336,493	TotalAssetsBOYAmt
Total Assets EOY	$6,104,159	TotalAssetsEOYAmt
Total Liabilities BOY	$11,683	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$172,042	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$2,324,810	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$5,932,117	NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part III	Yes (X)	InfoInScheduleOPartIIIInd
Mission	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.	MissionDesc
Significant New Program Srvc	0	SignificantNewProgramSrvcInd
Significant Change	0	SignificantChangeInd
Expense	$2,436,812	ExpenseAmt
Grant	$1,950,000	GrantAmt
Revenue	$0	RevenueAmt
Desc	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 2013, SILICON SCHOOLS FUND MADE GRANTS TO FIVE ORGANIZATIONS THAT WILL USE THE FUNDING TO OPEN SEVEN SCHOOLS THAT ARE PROJECTED TO SERVE 4,000 STUDENTS AT FULL ENROLLMENT.	Desc
Total Program Service Expenses	$2,436,812	TotalProgramServiceExpensesAmt
Described In Section501c3	Yes (1)	DescribedInSection501c3Ind
Schedule B Required	Yes (1)	ScheduleBRequiredInd
Political Campaign Acty	0	PoliticalCampaignActyInd
Lobbying Activities	Yes (1)	LobbyingActivitiesInd
Subject To Proxy Tax	0	SubjectToProxyTaxInd
Donor Advised Fund	0	DonorAdvisedFundInd
Conservation Easements	0	ConservationEasementsInd
Collections Of Art	0	CollectionsOfArtInd
Credit Counseling	0	CreditCounselingInd
Temp Or Permanent Endowments	0	TempOrPermanentEndowmentsInd
Report Land Building Equipment	Yes (1)	ReportLandBuildingEquipmentInd
Report Investments Other Sec	0	ReportInvestmentsOtherSecInd
Report Program Related Invst	0	ReportProgramRelatedInvstInd
Report Other Assets	0	ReportOtherAssetsInd
Report Other Liabilities	0	ReportOtherLiabilitiesInd
Include FIN48 Footnote	Yes (1)	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	Yes (1)	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	0	ConsolidatedAuditFinclStmtInd
School Operating	0	SchoolOperatingInd
Foreign Office	0	ForeignOfficeInd
Foreign Activities	0	ForeignActivitiesInd
More Than5000 K To Org	0	MoreThan5000KToOrgInd
More Than5000 K To Individuals	0	MoreThan5000KToIndividualsInd
Professional Fundraising	0	ProfessionalFundraisingInd
Fundraising Activities	0	FundraisingActivitiesInd
Gaming Activities	0	GamingActivitiesInd
Operate Hospital	0	OperateHospitalInd
Grants To Organizations	Yes (1)	GrantsToOrganizationsInd
Grants To Individuals	0	GrantsToIndividualsInd
Schedule J Required	Yes (1)	ScheduleJRequiredInd
Tax Exempt Bonds	0	TaxExemptBondsInd
Engaged In Excess Benefit Trans	0	EngagedInExcessBenefitTransInd
PY Excess Benefit Trans	0	PYExcessBenefitTransInd
Loan Outstanding	0	LoanOutstandingInd
Grant To Related Person	0	GrantToRelatedPersonInd
Business Rln With Org Mem	0	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	0	BusinessRlnWithFamMemInd
Business Rln With Officer Ent	0	BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri	0	DeductibleNonCashContriInd
Deductible Art Contribution	0	DeductibleArtContributionInd
Terminate Operations	0	TerminateOperationsInd
Partial Liquidation	0	PartialLiquidationInd
Disregarded Entity	0	DisregardedEntityInd
Related Entity	0	RelatedEntityInd
Related Organization Ctrl Ent	0	RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org	0	TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp	0	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (1)	ScheduleORequiredInd
IRP Document	8	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Employee	2	EmployeeCnt
Employment Tax Returns Filed	Yes (1)	EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit	0	UnrelatedBusIncmOverLimitInd
Foreign Financial Account	0	ForeignFinancialAccountInd
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTransInd
Taxable Party Notification	0	TaxablePartyNotificationInd
Nondeductible Contributions	0	NondeductibleContributionsInd
Quid Pro Quo Contributions	0	QuidProQuoContributionsInd
Form8282 Property Disposed Of	0	Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	0	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	0	PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services	0	IndoorTanningServicesInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	4	GoverningBodyVotingMembersCnt
Independent Voting Member	3	IndependentVotingMemberCnt
Family Or Business Rln	0	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	0	DelegationOfMgmtDutiesInd
Change To Org Documents	0	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	0	MaterialDiversionOrMisuseInd
Members Or Stockholders	0	MembersOrStockholdersInd
Election Of Board Members	0	ElectionOfBoardMembersInd
Decisions Subject To Approva	0	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (1)	MinutesOfGoverningBodyInd
Minutes Of Committees	Yes (1)	MinutesOfCommitteesInd
Officer Mailing Address	0	OfficerMailingAddressInd
Local Chapters	0	LocalChaptersInd
Form990 Provided To Gvrn Body	Yes (1)	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	Yes (1)	ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn	Yes (1)	AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc	Yes (1)	RegularMonitoringEnfrcInd
Whistleblower Policy	Yes (1)	WhistleblowerPolicyInd
Document Retention Policy	Yes (1)	DocumentRetentionPolicyInd
Compensation Process CEO	Yes (1)	CompensationProcessCEOInd
Compensation Process Other	Yes (1)	CompensationProcessOtherInd
Investment In Joint Venture	0	InvestmentInJointVentureInd
States Where Copy Of Return Is Fld	CA	StatesWhereCopyOfReturnIsFldCd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	CAITRIN WRIGHT	BusinessNameLine1

Field	Value	IRS element (for citing)
Phone	4153507426	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	5858 HORTON STREET NO 451	AddressLine1
City	EMERYVILLE	City
State	CA	State
ZIP Code	94608	ZIPCode

Form990 Part VII Section A Form990PartVIISectionAGrp (6 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	OfficerOfficerInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt	Highest Compensated EmployeeHighestCompensatedEmployeeInd
JOHN FISHER
SECRETARY/TREASURER	5.00	Yes (X)	Yes (X)	$0	$0	$0
TED MITCHELL
DIRECTOR	5.00	Yes (X)		$0	$0	$0
SAL KHAN
DIRECTOR (THRU 1/22/2013)	5.00	Yes (X)		$0	$0	$0
MICHAEL HORN
DIRECTOR	5.00	Yes (X)		$0	$0	$0
BRIAN GREENBERG
CEO	50.00	Yes (X)	Yes (X)	$238,296	$0	$30,202
CAITRIN WRIGHT
PARTNER	50.00			$146,136	$0	$19,256	Yes (X)

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$384,432	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$0	TotReportableCompRltdOrgAmt
Total Other Compensation	$49,458	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	2	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	0	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	Yes (1)	TotalCompGreaterThan150KInd
Compensation From Other Srcs	0	CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K	0	CntrctRcvdGreaterThan100KCnt
All Other Contributions	$6,177,000	AllOtherContributionsAmt
Total Contributions	$6,177,000	TotalContributionsAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$2,535	TotalRevenueColumnAmt
Exclusion	$2,535	ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

Field	Value	IRS element (for citing)
Desc	REIMBURSED EXPENSES	Desc
Business	900099	BusinessCd
Total Revenue Column	$2,546	TotalRevenueColumnAmt
Exclusion	$2,546	ExclusionAmt

Field	Value	IRS element (for citing)
Other Revenue Total	$2,546	OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$6,182,081	TotalRevenueColumnAmt
Related Or Exempt Func Income	$0	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$0	UnrelatedBusinessRevenueAmt
Exclusion	$5,081	ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

Field	Value	IRS element (for citing)
Total	$1,950,000	TotalAmt
Program Services	$1,950,000	ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$456,960	TotalAmt
Program Services	$388,416	ProgramServicesAmt
Management And General	$40,424	ManagementAndGeneralAmt
Fundraising	$28,120	FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

Field	Value	IRS element (for citing)
Total	$2,996	TotalAmt
Management And General	$2,996	ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$21,624	TotalAmt
Program Services	$18,381	ProgramServicesAmt
Management And General	$2,088	ManagementAndGeneralAmt
Fundraising	$1,155	FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$5,001	TotalAmt
Management And General	$5,001	ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$9,140	TotalAmt
Management And General	$9,140	ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

Field	Value	IRS element (for citing)
Total	$38,507	TotalAmt
Program Services	$11,632	ProgramServicesAmt
Management And General	$26,105	ManagementAndGeneralAmt
Fundraising	$770	FundraisingAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$16,211	TotalAmt
Program Services	$4,732	ProgramServicesAmt
Management And General	$11,221	ManagementAndGeneralAmt
Fundraising	$258	FundraisingAmt

Information Technology InformationTechnologyGrp

Field	Value	IRS element (for citing)
Total	$3,111	TotalAmt
Management And General	$3,111	ManagementAndGeneralAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$25,340	TotalAmt
Program Services	$21,539	ProgramServicesAmt
Management And General	$2,534	ManagementAndGeneralAmt
Fundraising	$1,267	FundraisingAmt

Travel TravelGrp

Field	Value	IRS element (for citing)
Total	$24,026	TotalAmt
Program Services	$22,825	ProgramServicesAmt
Fundraising	$1,201	FundraisingAmt

Conferences Meetings ConferencesMeetingsGrp

Field	Value	IRS element (for citing)
Total	$15,345	TotalAmt
Program Services	$15,345	ProgramServicesAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$1,774	TotalAmt
Management And General	$1,774	ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (3 entries)

DescDesc	TotalTotalAmt	Program ServicesProgramServicesAmt	Management And GeneralManagementAndGeneralAmt	FundraisingFundraisingAmt
HUMAN RESOURCE SERVICE	$3,270	$2,780	$326	$164
GIFTS	$1,162	$1,162
TAXES & LICENSES	$307		$307

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$2,574,774	TotalAmt
Program Services	$2,436,812	ProgramServicesAmt
Management And General	$105,027	ManagementAndGeneralAmt
Fundraising	$32,935	FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$1,739,426	BOYAmt
EOY	$2,319,915	EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
BOY	$595,094	BOYAmt
EOY	$3,735,089	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
EOY	$2,546	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$340	BOYAmt
EOY	$18,000	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$8,648	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$1,870	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$1,633	BOYAmt
EOY	$6,778	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$21,831	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$2,336,493	BOYAmt
EOY	$6,104,159	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$11,683	BOYAmt
EOY	$22,042	EOYAmt

Grants Payable GrantsPayableGrp

Field	Value	IRS element (for citing)
EOY	$150,000	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$11,683	BOYAmt
EOY	$172,042	EOYAmt

Field	Value	IRS element (for citing)
Organization Follows SFAS117	Yes (X)	OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$2,324,810	BOYAmt
EOY	$5,932,117	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$2,324,810	BOYAmt
EOY	$5,932,117	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$2,336,493	BOYAmt
EOY	$6,104,159	EOYAmt

Field	Value	IRS element (for citing)
Reconcilation Revenue Expnss	$3,607,307	ReconcilationRevenueExpnssAmt
Other Changes In Net Assets	$0	OtherChangesInNetAssetsAmt
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd
Accountant Compile Or Review	0	AccountantCompileOrReviewInd
FS Audited	Yes (1)	FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

Field	Value	IRS element (for citing)
Separate Basis Fincl Stmt	Yes (X)	SeparateBasisFinclStmtInd

Field	Value	IRS element (for citing)
Audit Committee	Yes (1)	AuditCommitteeInd
Federal Grant Audit Required	0	FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
Public Organization170	Yes (X)	PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus1 Year	$2,506,729	CurrentTaxYearMinus1YearAmt
Current Tax Year	$6,177,000	CurrentTaxYearAmt
Total	$8,683,729	TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus1 Year	$2,506,729	CurrentTaxYearMinus1YearAmt
Current Tax Year	$6,177,000	CurrentTaxYearAmt
Total	$8,683,729	TotalAmt

Field	Value	IRS element (for citing)
Public Support Total170	$8,683,729	PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus1 Year	$94	CurrentTaxYearMinus1YearAmt
Current Tax Year	$2,534	CurrentTaxYearAmt
Total	$2,628	TotalAmt

Other Income170 OtherIncome170Grp

Field	Value	IRS element (for citing)
Current Tax Year	$2,547	CurrentTaxYearAmt
Total	$2,547	TotalAmt

Field	Value	IRS element (for citing)
Total Support	$8,688,904	TotalSupportAmt
First5 Years170	Yes (X)	First5Years170Ind

Form990 Schedule A Part IV Form990ScheduleAPartIVGrp (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME:	REIMBURSED EXPENSES - 2013 AMOUNT: $ 2,547.
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

Field	Value	IRS element (for citing)
Contributor	RESTRICTED	ContributorNum

Contributor Business Name ContributorBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	RESTRICTED	BusinessNameLine1

Contributor US Address ContributorUSAddress

Field	Value	IRS element (for citing)
Address Line1	RESTRICTED	AddressLine1
Address Line2	RESTRICTED	AddressLine2
City	RESTRICTED	City
State	RESTRICTED	State
ZIP Code	RESTRICTED	ZIPCode

Field	Value	IRS element (for citing)
Total Contributions	RESTRICTED	TotalContributionsAmt

Schedule C IRS990ScheduleC

Total Grassroots Lobbying TotalGrassrootsLobbyingGrp

Field	Value	IRS element (for citing)
Filing Organizations Total	$0	FilingOrganizationsTotalAmt

Total Direct Lobbying TotalDirectLobbyingGrp

Field	Value	IRS element (for citing)
Filing Organizations Total	$0	FilingOrganizationsTotalAmt

Total Lobbying Expend TotalLobbyingExpendGrp

Field	Value	IRS element (for citing)
Filing Organizations Total	$0	FilingOrganizationsTotalAmt

Other Exempt Purpose Expend OtherExemptPurposeExpendGrp

Field	Value	IRS element (for citing)
Filing Organizations Total	$2,574,774	FilingOrganizationsTotalAmt

Total Exempt Purpose Expend TotalExemptPurposeExpendGrp

Field	Value	IRS element (for citing)
Filing Organizations Total	$2,574,774	FilingOrganizationsTotalAmt

Lobbying Nontaxable Amount LobbyingNontaxableAmountGrp

Field	Value	IRS element (for citing)
Filing Organizations Total	$278,739	FilingOrganizationsTotalAmt

Grassroots Nontaxable GrassrootsNontaxableGrp

Field	Value	IRS element (for citing)
Filing Organizations Total	$69,685	FilingOrganizationsTotalAmt

Tot Lbbyng Grassroot Mns Non Tx TotLbbyngGrassrootMnsNonTxGrp

Field	Value	IRS element (for citing)
Filing Organizations Total	$0	FilingOrganizationsTotalAmt

Tot Lbby Expend Mns Lbbyng Non Tx TotLbbyExpendMnsLbbyngNonTxGrp

Field	Value	IRS element (for citing)
Filing Organizations Total	$0	FilingOrganizationsTotalAmt

Avg Lobbying Nontaxable Amount AvgLobbyingNontaxableAmountGrp

Field	Value	IRS element (for citing)
Current Year Minus1	$36,403	CurrentYearMinus1Amt
Current Year	$278,739	CurrentYearAmt
Total	$315,142	TotalAmt

Field	Value	IRS element (for citing)
Lobbying Ceiling	$472,713	LobbyingCeilingAmt

Avg Grassroots Nontaxable AvgGrassrootsNontaxableGrp

Field	Value	IRS element (for citing)
Current Year Minus1	$9,101	CurrentYearMinus1Amt
Current Year	$69,685	CurrentYearAmt
Total	$78,786	TotalAmt

Field	Value	IRS element (for citing)
Grassroots Ceiling	$118,179	GrassrootsCeilingAmt

Schedule D IRS990ScheduleD

Leasehold Improvements LeaseholdImprovementsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$1,742	OtherCostOrOtherBasisAmt
Depreciation	$290	DepreciationAmt
Book Value	$1,452	BookValueAmt

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$6,906	OtherCostOrOtherBasisAmt
Depreciation	$1,580	DepreciationAmt
Book Value	$5,326	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$6,778	TotalBookValueLandBuildingsAmt
Footnote Text	Yes (X)	FootnoteTextInd
Total Rev Etc Audited Fincl Stmt	$6,184,668	TotalRevEtcAuditedFinclStmtAmt
Donated Services And Use Fclts	$2,587	DonatedServicesAndUseFcltsAmt
Revenue Not Reported	$2,587	RevenueNotReportedAmt
Revenue Subtotal	$6,182,081	RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt	$0	RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990	$6,182,081	TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt	$2,577,361	TotExpnsEtcAuditedFinclStmtAmt
Donated Services Use Fclts	$2,587	DonatedServicesUseFcltsAmt
Expenses Not Reported	$2,587	ExpensesNotReportedAmt
Expenses Subtotal	$2,574,774	ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt	$0	ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990	$2,574,774	TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	PART X, LINE 2:	FormAndLineReferenceDesc
Explanation	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.	ExplanationTxt

Schedule I IRS990ScheduleI

Field	Value	IRS element (for citing)
Grant Records Maintained	Yes (1)	GrantRecordsMaintainedInd

Recipient Table RecipientTable (5 entries)

Address Line1USAddress/AddressLine1	CityUSAddress/City	StateUSAddress/State	ZIP CodeUSAddress/ZIPCode	Recipient EINRecipientEIN	IRC SectionIRCSectionDesc	Cash GrantCashGrantAmt	Purpose Of GrantPurposeOfGrantTxt
ALPHA PUBLIC SCHOOLS
1601 CUNNINGHAM AVE	SAN JOSE	CA	95122	271881962	501(C)(3)	$200,000	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)	$1,000,000	TO PROVIDE SEED FUNDING FOR SUMMIT'S DENALI AND SHASTA SCHOOLS.
CALIBER SCHOOLS
PO BOX 5282	RICHMOND	CA	94805	461219795	501(C)(3)	$200,000	TO PROVIDE SEED FUNDING FOR CALIBER'S FIRST SCHOOL.
NAVIGATOR SCHOOLS
277 IOOF AVE	GILROY	CA	95020	274238843	501(C)(3)	$400,000	TO PROVIDE SEED FUNDING FOR NAVIGATOR'S TWO SCHOOLS IN GILROY AND HOLLISTER.
EDUCATION FOR CHANGE
303 HEGENBERGER RD	OAKLAND	CA	94621	202204424	501(C)(3)	$150,000	TO PROVIDE SEED FUNDING TO EPIC MIDDLE SCHOOL.

Field	Value	IRS element (for citing)
Total501c3 Org	5	Total501c3OrgCnt
Total Other Org	0	TotalOtherOrgCnt

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	PART I, LINE 2:	FormAndLineReferenceDesc
Explanation	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.	ExplanationTxt

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Form990 Of Other Organizations	Yes (X)	Form990OfOtherOrganizationsInd
Compensation Survey	Yes (X)	CompensationSurveyInd
Board Or Committee Approval	Yes (X)	BoardOrCommitteeApprovalInd
Severance Payment	0	SeverancePaymentInd
Supplemental Nonqual Rtr Plan	0	SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm	0	EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org	0	CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs	0	CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org	0	CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs	0	CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments	0	AnyNonFixedPaymentsInd
Initial Contract Exception	0	InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (2 entries)

TitleTitleTxt	Base Compensation Filing OrgBaseCompensationFilingOrgAmt	Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt	Bonus Filing OrganizationBonusFilingOrganizationAmount	Bonus Related OrganizationsBonusRelatedOrganizationsAmt	Other Compensation Filing OrgOtherCompensationFilingOrgAmt	Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt	Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt	Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt	Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt	Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt	Total Compensation Filing OrgTotalCompensationFilingOrgAmt	Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt	Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt	Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
BRIAN GREENBERG
CEO	$181,296	$0	$57,000	$0	$0	$0	$9,880	$0	$20,322	$0	$268,498	$0	$0	$0
CAITRIN WRIGHT
PARTNER	$133,636	$0	$12,500	$0	$0	$0	$6,100	$0	$13,156	$0	$165,392	$0	$0	$0

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
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.