Silicon Valley Forum
Nonprofit profile at a glance
- EIN
- 770312497
- IRS 990 coverage
- 2012–2019
- Forms available
- Form 990 2019
- Location
- San Jose, CA, USA
- Phone
- 4083807241
- Rating
- 81
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Computer Science
Reported finances
- Revenue
- $504,476
- Expenses
- $573,506
- Assets
- $0
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2019. Amounts in USD.
Leadership & pay
10 people listed
Executive titles in this filing
- DENYSE CARDOZO (PRESIDENT AND CEO)
Highest reported compensation
- DENYSE CARDOZO (PRESIDENT AND CEO): $49,167 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2019. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The organization fosters innovation, entrepreneurship and leadershipwithin the san francisco/silicon valley ecosystem of individuals andbusinesses participating in emerging technologies by:* creating connections and community* providing education and access to resources* linking the global business community to silicon valley, and* facilitating the exchange of unbiased knowledge, insights and bestpractices.
What it reported doing in 2019
Silicon valley forum reaches over 20,000 professionals annually throughmore than 30 programs & events per year. Our community benefits fromprograms focused on professional development, providing education andaccess to resources, and making the right connections, along with valueadded services. Program services include:1.conferences, seminars, workshops, mentorships, and coaching sessions on how to start and grow a technology company, and2. Access to free online informational portal on how to run asuccessful startup, which includes over 100 videos from top siliconvalley leaders providing their expert advice.3. Bi-monthly event for 6-7 selected technology startup companies topitch and get solid advice from a panel of 3-4 investors4. Annual conference to support diversity, inclusion, and encourage andempower women & girls in stem and leadership roles5. Startup university program - a 2-week course to educate students onthe fundamentals of building and growing a successful company
Operating model
- Revenue model
- Earned-program. 66% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 81
- Transparency & Controls: 92
- Accountability: 84
- Sustainability: 12
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 74.7%; rating input score 75
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 90%; rating input score 90; 21st percentile among comparable filings
- Governance controls: 6 of 8 controls in place; rating input score 75
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -13.7%; rating input score 13; 13th percentile among comparable filings
- Total-asset coverage ratio: 0; rating input score 0; 0th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 7.6%; rating input score 46; 46th percentile among comparable filings
Growth
- Program expense growth: 4.3% per year; rating input score 100; 49th percentile among comparable filings
- Revenue growth: 3.1% per year; rating input score 100; 43rd percentile among comparable filings
- Asset growth: -16% per year; rating input score 0; 3rd percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 74.7% of spending went to programs
- Governance: 9 of 10 board members independent · 6 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $428K in reported program spending
- Leadership: top reported pay $49K · 10 people listed
- Consistency: 27 of 27 current checks pass
- Schedules: 5 filed schedules · includes major donors
- Filing history: 7 filing years from 2012 to 2019
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- High — Sustainability: Operating margin scored 13/100.
- High — Sustainability: Total-asset coverage ratio scored 0/100.
- Review — Accountability: Governance controls: Independent financial-statement audit not reported.
- High — Growth: Asset growth scored 0/100.
- Moderate — Sustainability: Officer compensation ratio scored 46/100.
- High — Grant Readiness: California registration: this organization is recorded as not currently operating in California.