Silicon Valley Talent Partnership

Nonprofit profile at a glance

EIN
462760056
IRS 990 coverage
2014–2016
Forms available
Form 990 2016, Form 990-N 2013
Location
San Jose, CA, USA
Phone
4083262348
Rating
79
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Economic Development

Official website

Reported finances

Revenue
$592,621
Expenses
$475,649
Assets
$548,142
Liabilities
$11,100

Source: IRS Form 990. Selected filing: tax year 2016. Amounts in USD.

Leadership & pay

6 people listed

Executive titles in this filing

  • MRINALINI INGRAM (PRESIDENT)
  • LEA KING (EXECUTIVE DIRECTOR)

Highest reported compensation

  • LEA KING (EXECUTIVE DIRECTOR): $150,000 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2016. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Silicon valley talent partnership (svtp) creates, sources, and manages innovative and meaningful partnerships between private-sector volunteers and civic agencies, capitalizing on the unique opportunity to restore local government's capacity to innovate, enhance service delivery, and ultimately improve the quality of life of residents and communities across silicon valley.

What it reported doing in 2016

Some example partnership programs we completed in 2016 include: small business ignite sunnyvale, november 3, 2016 - where volunteer mentors helped small business owners in both cities to learn about business development planning, social media, tax planning and access to capital. In all there were more than 30 volunteers who put in more than 200 hours for these two programs. The collaborative efforts brought together a wide range of small business owners who received the opportunity to learn, create, and network among peers. Igreen sunnyvale app launch, svtp helped the city of sunnyvale to launch the igreen sunnyvale app at a community event and recruited volunteers to program manage the communications and the event. There were volunteers who created a crowd sourcing wall and social media volunteers who engaged with the community.fremont green summit, may 21, 2016 - svtp helped the city of fremont and 5 eco-clubs from the fremont high school district high schools to launch the fremont green summit to help teenagers to understand what it means to explore careers in environmentally sustainable fields such as solar. We recruited volunteer keynote speakers, panelists, workshop leaders and social media experts from the community. We had over 10 volunteers putting in over 100 hours.eastside san jose technovate, april 9, 2016 - over 30 volunteers from tech companies helped to launch san jose's first technovate summit for over 400 students and families in east side. Volunteers ran workshops, were panelists and also conducted speed mentoring sessions for all students and families. They put in over 190 hours.campbell open data project - volunteers put in over 200 hours to launch the general plan app for the city of campbell. Ios app was completed in 2015. The city of campbell will utilize this app in 2016 and onwards to clearly explain the progress and process of the campbell general plan. 2016 inaugural food rescue forum , march 24, 2016 - helped to organize speakers, moderators, panelists, facilitators, scribes, and volunteers together to spend a day brainstorming novel solutions to end hunger and food waste in silicon valley. Kpmg career exploration day, january 29, 2016 - silicon valley talent partnership and network for teaching entrepreneurship joined forces to bring 60 students from 5 high schools from the east bay to kpmg in silicon valley in order to help them focus on personal brand, resume building, and ensure best practices in social media. San jose summer solar academy, july 25-29, 2016 - partnered with sunpower corporation, san jose state university, and the school districts of san jose and east side union to coordinate a 5-day solar energy summer experience for select incoming juniors and seniors. The academy with provide students an in depth knowledge of residential photovoltaic system design and installation.

Operating model

Revenue model
Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
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

SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. Some filing-based governance responses are negative or unanswered and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 69
  • Transparency & Controls: 92
  • Accountability: 79
  • Sustainability: 62
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 62.9%; rating input score 63
  • Program expense ratio: 78.4%; rating input score 78
  • Fundraising efficiency: $25.85 raised per $1 spent on fundraising; rating input score 69; 69th percentile among comparable filings

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: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 4 of 8 controls in place; rating input score 50
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • 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: 19.7%; rating input score 82; 82nd percentile among comparable filings
  • Total-asset coverage ratio: 1.15; rating input score 51; 51st percentile among comparable filings
  • Liabilities to assets ratio: 0.02; rating input score 72; 72nd percentile among comparable filings
  • Officer compensation ratio: Limited

Growth

  • Program expense growth: 81.4% per year; rating input score 100; 98th percentile among comparable filings
  • Revenue growth: 8.5% per year; rating input score 100; 68th percentile among comparable filings
  • Asset growth: 28.5% per year; rating input score 100; 90th percentile among comparable filings

Details

  • Where the money goes: 62.9% of revenue deployed · 78.4% of spending went to programs
  • Governance: 5 of 5 board members independent · 4 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $373K in reported program spending
  • Leadership: top reported pay $150K · 6 people listed
  • Consistency: 26 of 26 current checks pass
  • Schedules: 3 filed schedules · includes major donors
  • Filing history: 3 filing years from 2014 to 2016
  • Contacts: How to reach this organization
  • 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.

  • Review — Accountability: Governance controls: 3 of 7 not reported.
  • Review — Sustainability: Total-asset coverage ratio scored 51/100.
  • High — Grant Readiness: California registration: this organization is recorded as not currently operating in California.