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Semi Foundation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 300155873 ✦ Milpitas, CA ✦ Designated as a 501(c)(3)

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Overview

What is Semi Foundation?

The Semi Foundation, led by Ajit Manocha, is a nonprofit organization dedicated to fostering economic opportunities for workers and promoting the sustained growth of the microelectronics industry. They achieve this goal by creating avenues and prospects for job seekers, as well as offering tools and systems to support semiconductor businesses. By doing so, the foundation aims to attract, develop, and retain a diverse, innovative, and skilled workforce, thereby contributing to the industry's growth. The Semi Foundation operates with a mission to create a beneficial impact on both the workforce and the microelectronics sector.


Official website here: www.semifoundation.org

Is Semi Foundation legitimate?

Semi Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Semi Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.semifoundation.org

What is the mission statement of Semi Foundation?

The Semi Foundation aims to foster economic opportunities for workers and promote the sustained growth of the microelectronics industry. They achieve this by establishing pathways and creating opportunities for job seekers. Additionally, the foundation provides semiconductor businesses with necessary tools and systems to attract, develop, and retain a diverse, innovative, and skilled workforce. The Semi Foundation's efforts are geared towards supporting the growth of the microelectronics industry and enhancing job prospects for individuals in the field.


Official website here: www.semifoundation.org

Who is the CEO of Semi Foundation?

Ajit Manocha is the Chairman, Pres & Ceo of Semi Foundation. The CEO's salary of Semi Foundation is $0 and their total compensation is $1,756,579.


Official website here: www.semifoundation.org

What is the revenue of Semi Foundation?

Semi Foundation's revenue in 2022 was $386,431.


Official website here: www.semifoundation.org

Who are the executives of Semi Foundation and what are their salaries?

There 530 volunteers at Semi Foundation.


Here are 17 key members and their salaries (Semi Foundation's CEO's salary is $0 and their total compensation is $1,756,579):


Katy Crist (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jonathan Davis (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dana Ditmore (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dan Durn To 622 (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Helen Grays-Jones (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stanley Myers To 722 (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bertrand Loy To 722 (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Arthur W Zafiropoulo (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ajit Manocha (Chairman, Pres & Ceo)
  • Compensation: $0
  • Related: $1,165,431
  • Other: $591,148
Tony Blevins To 1022 (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Debbie Gustafson (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kevin Crofton From 722 (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kate Dei Cas From 1022 (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Patricia Macleod From 1022 (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Mclaughlin From 1022 (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kevin Bauer (Cfo & Treasurer)
  • Compensation: $0
  • Related: $544,137
  • Other: $240,417
Shari Liss (Secretary & Executive Director)
  • Compensation: $0
  • Related: $360,558
  • Other: $93,865


Official website here: www.semifoundation.org

Where can I find the form 990 for Semi Foundation?

Semi Foundation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.semifoundation.org

Learn more at the official website: www.semifoundation.org

Mission Statement of Semi Foundation

The Semi Foundation, led by Ajit Manocha, is committed to fostering economic opportunities for workers and promoting the sustained growth of the microelectronics industry. To achieve this, the foundation creates avenues and prospects for job seekers, while also offering tools and systems to semiconductor companies to attract, develop, and retain a diverse, innovative, and skilled workforce. In essence, the Semi Foundation plays a pivotal role in bridging the gap between job seekers and the microelectronics industry, ensuring that both parties benefit from a mutually beneficial relationship.

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Impact




October, 2024

The Semi Foundation significantly impacts the microelectronics industry by fostering economic opportunities for workers and ensuring sustained growth within the sector. It creates pathways and opportunities for job seekers, enhancing their access to employment in a rapidly evolving field. By providing essential tools and systems, the foundation aids semiconductor companies in attracting, developing, and retaining a diverse and skilled workforce. This focus not only benefits individual workers but also strengthens the overall industry, positioning it for long-term success and innovation. Under the leadership of Ajit Manocha, the foundation plays a crucial role in bridging the skills gap and promoting a more inclusive workforce in microelectronics.




This information is meant to be a general summary of Semi Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$386,431 (2022)
Expenses
$2,026,559 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $42,765
  • Program Service Revenue: $26,187
  • Gross Receipts: $386,431

Assets and Liabilities:

  • Total Assets: $4,857,090
  • Total Liabilities: $1,481,631
  • Net Assets: $3,375,459

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

SPONSORSHIP

Revenue

$22,689

SEMINAR INCOME

Revenue

$3,498

Organization Details

Founding Year

2002

Principal Officer

Ajit Manocha

Main Address

673 SOUTH MILPITAS BLVD, MILPITAS, CA, 950355473

NTEE Category

Code: B99 - Education

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