The Real Estate Trust of Silicon Valley Community Foundation

Nonprofit profile at a glance

EIN
043701887
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Mountain View, CA, USA
Phone
6504505400
Rating
40
Verdict
MIXED
Rating confidence
Moderate
Sector
Single Organization Support

Official website

Reported finances

Revenue
$21,903
Expenses
$52,467
Assets
$4,258,474
Liabilities
$1,745,124

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

5 people listed

Executive titles in this filing

  • Elizabeth A Carey (President)

Highest reported compensation

  • Elizabeth A Carey (President): $644,448 total reported compensation
  • Chanthi Lune (Secretary/Treasurer): $542,491 total reported compensation
  • Sarah Valencia (Treasurer): $357,983 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To support the silicon valley community foundation by facilitating gifts of real property and engaging in the same charitable purposes as the silicon valley community foundation.

What it reported doing in 2024

The organization accepts gifts of property that are sold and the proceeds are used for charitable purposes. Local nonprofits that have donors who would like to give real estate but do not have the resources to accept real estate gifts may work with the organization which will accept, liquidate, and send the real estate proceeds to the nonprofit.

Operating model

Revenue model
Investment-supported. 100% of the money available for current operations came from recurring investment income.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.

The verdict

MIXED - The filed numbers largely add up and most filed governance safeguards are in place. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 11
  • Transparency & Controls: 64
  • Accountability: 62
  • Sustainability: 37
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 16%; rating input score 16
  • Program expense ratio: 4.9%; rating input score 5
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 50%; rating input score 50; 20th percentile among comparable filings
  • Governance controls: 7 of 9 controls in place; rating input score 78
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -139.5%; rating input score 16; 16th percentile among comparable filings
  • Total-asset coverage ratio: 81.16; rating input score 94; 94th percentile among comparable filings
  • Liabilities to assets ratio: 0.41; rating input score 11; 11th percentile among comparable filings
  • Officer compensation ratio: 302.5%; rating input score 2; 2nd percentile among comparable filings

Growth

  • Program expense growth: -0.4% per year; rating input score 0; 50th percentile among comparable filings
  • Revenue growth: 3.7% per year; rating input score 100; 74th percentile among comparable filings
  • Asset growth: -1.1% per year; rating input score 0; 34th percentile among comparable filings

Details

  • Where the money goes: 16% of revenue deployed · 4.9% of spending went to programs
  • Governance: 2 of 4 board members independent · 7 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $3K in reported program spending
  • Leadership: top reported pay $644K · 5 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 20 of 20 current checks pass
  • Schedules: 5 filed schedules · includes executive pay
  • Filing history: 14 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Related organizations: 22 filed related-organization links
  • 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.

  • High — Financial Efficiency: Mission deployment rate scored 16/100.
  • High — Financial Efficiency: Program expense ratio scored 5/100.
  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • Review — Accountability: Independent voting board scored 50/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Sustainability: Operating margin scored 16/100.
  • Review — Accountability: Governance controls: 2 of 9 not reported.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 2/100.
  • High — Sustainability: Liabilities to assets ratio scored 11/100.