Prospect Silicon Valley

What it reported doing in 2024

For more information please visit www.prospectsv.org/our-workBuilding Decarbonization Policy SupportProspectSV is supporting nationwide policy research with LBNL, to characterize howindustry tools, services, programs, and finance may or may not support compliancewith Building Performance Standards (BPS) for smaller buildings and small portfolios.Our work includes researching BPS-relevant software tools for owners of underservedbuildings who have limited resources and internal expertise. Activities under thistask include conducting outreach and interviews with product providers, developingoverviews of capabilities and benefits of products reviewed, and distributing resultsin a snapshot analysis to target audiences. Also, ProspectSV is conducting alandscape study of financing mechanisms related to decarbonization investments forsmall businesses and under-served buildings, with a focus on building performancestandard compliance and electrification. In addition, ProspectSV is engaging BPSstakeholder working groups that will help inform LBNLs BPS Policy TechnicalAssistance efforts by identifying specific building owner needs. We engage owners, capital entities, and other CRE stakeholders on policy impacts, trends, and riskassessment approaches. The impact of this work will be tailored approaches to engagesmall building CRE to accelerate market-achievable decarbonization and efficiencyimprovements nationwide.Decarbonization Advisory SupportProspectSV provided Technical Advisory Support to the City of Palo Alto Utility, providing expert resources and tools to assist the Utility and its customers implement projects under a new decarbonization incentive program. We provide assistance that helps institutions gain valuable insight and a path forward with fleet and building projects, with an eye toward clear asset inventories, rational project development, and a long-term financial outlook and highest ROI on carbon emissions reduction. For building owners, we provide insight on priority system replacements and highest benefit, and a strategic review of their portfolio, including key decarbonization considerations for each building analyzed, and relevant funding and incentives. Where appropriate, we provide insights on emergingsolutions and upcoming opportunities to gain operational efficiencies leveraging newtechnology.Clean Mobility in SchoolsProspectSV is partnering with Twin Rivers Unified School District (TRUSD) and otherorganizations on the California Air Resources Board (CARB)-funded California Capitol Pilot Project: Showcasing Zero-Emission Mobility in Schools Project (Clean Mobility in Schools). The project will support transformative emission reduction strategies at TRUSD, located in disadvantaged communities (DACs), and will showcase a comprehensive array of zero-emission mobility solutions for schools throughout California.ProspectSV is providing overall program management and administration in conjunctionwith TRUSD as the prime grant recipient.The grant includes: Zero-emission school buses with managed charging, and a solar installationZero-emission maintenance and landscape equipmentZero-emission van pool and car-sharing programs for district and community useWorkforce training, outreach, and events in the school and surrounding communityOther project partners include: Climatec, InCharge Energy, Enterprise Van, Fairway EV & Tropos Motors, FordPro, Hilmar Rentals, Lion Electric, Aura Planning, BreatheCalifornia, Climate Action Pathways for Schools (CAPS), Sacramento Clean CitiesCoalition (SCCC), Sacramento Metro Air Quality Management District (SMAQMD), Sacramento Employment and Training Agency (SETA), Sacramento Municipal UtilityDistrict (SMUD), and Los Rios Community College.Technology Demonstration SupportProspectSV partners with technology innovators, R&D, Corporate, Operations andEngineering partners to demonstrate innovative technology applications to addressknown, broad scale barriers to mobility, building efficiency, d

Financial Efficiency

• Mission deployment rate: 54.4%; rating input score 54
• Program expense ratio: 56.2%; rating input score 56
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 90%; rating input score 90; 5th percentile among comparable filings
• Pay-setting controls: 2 of 6 controls in place; rating input score 33
  • Compensation committee: Missing
  • Independent consultant: Missing
  • Other Form 990s reviewed: Missing
  • Written employment contract: Pass
  • Compensation survey or study: Missing
  • Board or committee approval: Pass
• Foreign activity oversight: Limited
• Grant itemization coverage: Limited
• Major donor itemization: Limited
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
• Governance controls: 3 of 8 controls in place; rating input score 38
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Fail
  • Document-retention policy: Fail
  • CEO compensation review process: NotApplicable
  • Other executive compensation review process: Fail
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Missing
  • Independent financial-statement audit: Fail

Sustainability

• Operating margin: 3%; rating input score 45; 45th percentile among comparable filings
• Total-asset coverage ratio: 0.98; rating input score 42; 42nd percentile among comparable filings
• Liabilities to assets ratio: 0.52; rating input score 15; 15th percentile among comparable filings
• Officer compensation ratio: 26.4%; rating input score 9; 9th percentile among comparable filings

Growth

• Program expense growth: -2% per year; rating input score 0; 12th percentile among comparable filings
• Revenue growth: 1.9% per year; rating input score 100; 24th percentile among comparable filings
• Asset growth: 4.8% per year; rating input score 100; 38th percentile among comparable filings