Overview
What is Silicon Schools Fund Inc?
Silicon Schools Fund Inc, based in Oakland, California, is a nonprofit organization committed to enhancing education. They undertake a thorough due diligence and grant-making process, providing seed funding to exceptional schools implementing cutting-edge learning models, instructional improvements, and educational innovations. In 2022, they granted funds to 74 organizations, supporting the establishment of new schools, improvement of existing ones, and related human capital and innovation efforts. The mission of Silicon Schools Fund is to improve education by backing the launch of excellent new schools, boosting academic instruction in existing schools, and funding some of the most daring education innovations across the nation. Their partner organizations serve as testing grounds and compelling examples for the sector.
Official website here: www.siliconschools.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Star Rating)
Silicon Schools Fund Inc has achieved an impressive overall score of 97%, reflecting strong accountability and financial management practices. The organization boasts a high program expense ratio of 95.46%, indicating that the majority of its resources are directed towards its mission rather than administrative costs. With a well-structured board comprising 83% independent members, the organization demonstrates a commitment to governance and oversight, further enhancing its credibility.
The nonprofit's financial health is evidenced by its low liabilities to assets ratio of 1.12% and a robust working capital ratio of 3.30 years, suggesting a solid foundation for sustained operation. Additionally, the organization maintains a high fundraising efficiency ratio, with only $0.01 spent to raise each dollar. These metrics emphasize the effectiveness and efficiency with which Silicon Schools Fund utilizes its funds.
Despite its strengths, potential donors should be aware of the competitive nature of nonprofit funding, which may pose challenges in sustaining financial support. Overall, Silicon Schools Fund Inc stands out as a well-managed organization dedicated to its educational mission, making it a worthy consideration for those interested in supporting innovative educational initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Silicon Schools Fund Inc legitimate?
Silicon Schools Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Silicon Schools Fund Inc 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: $1,183,145
Professional Fundraising Fees: $0
Other Salaries and Wages: $114,057
For more financial information, click here
Official website here: www.siliconschools.com
What is the mission statement of Silicon Schools Fund Inc?
The mission of Silicon Schools Fund Inc. is centered around improving education. They accomplish this by supporting the launch of outstanding new schools and enhancing academic instruction in existing schools. Additionally, they fund some of the most pioneering innovations in education across the nation. Their partner organizations serve as testing grounds and evidence of progress in the education sector. Silicon Schools Fund Inc. conducts a due diligence and grant-making program, providing seed funding to exceptional schools implementing cutting-edge learning models, instructional improvements, and educational innovations. In 2022, Silicon Schools Fund made grants to 74 organizations, using the funding to support the creation of new schools, improvements in existing schools, related human capital efforts, and innovation initiatives.
Official website here: www.siliconschools.com
Who is the CEO of Silicon Schools Fund Inc?
Caitrin Wright is the Ceo of Silicon Schools Fund Inc. The CEO's salary of Silicon Schools Fund Inc is $418,604 and their total compensation is $462,852.
Official website here: www.siliconschools.com
What is the revenue of Silicon Schools Fund Inc?
Silicon Schools Fund Inc's revenue in 2022 was $6,685,576.
Official website here: www.siliconschools.com
Who are the executives of Silicon Schools Fund Inc and what are their salaries?
The average compensation at Silicon Schools Fund Inc during 2022 was $259,440. There are 5 employees and 5 volunteers at Silicon Schools Fund Inc.
Here are 9 key members and their salaries (Silicon Schools Fund Inc's CEO's salary is $418,604 and their total compensation is $462,852):
- Compensation: $418,604
- Related: $0
- Other: $44,248
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $262,892
- Related: $0
- Other: $38,867
- Compensation: $158,000
- Related: $0
- Other: $8,867
- Compensation: $203,710
- Related: $0
- Other: $47,959
Official website here: www.siliconschools.com
Where can I find the form 990 for Silicon Schools Fund Inc?
Silicon Schools Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.siliconschools.com
Learn more at the official website: www.siliconschools.com
Mission Statement of Silicon Schools Fund Inc
Silicon Schools Fund, as an organization, is committed to enhancing education by supporting the launch of exceptional new schools and innovative practices. Their mission is twofold: firstly, they aim to improve academic instruction in existing schools, and secondly, they fund some of the most groundbreaking innovations in education across the country. Silicon Schools Fund views its partner organizations as laboratories of innovation, serving as proof points for the sector. Through a rigorous due diligence and grant-making program, the Fund provides seed funding to schools implementing next-generation learning models, instructional improvement efforts, and innovative education initiatives. In 2022, Silicon Schools Fund granted funds to 74 organizations, which they will utilize to establish new schools, improve existing ones, and support related human capital and innovation efforts.
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Impact
July, 2024
Silicon Schools Fund Inc's impact lies in supporting the launch of excellent new schools and innovative practices that improve education. By conducting due diligence and providing seed funding to schools implementing next-generation learning models and instructional improvement efforts, the fund has made a significant difference in the education sector. In 2022, Silicon Schools Fund made grants to 74 organizations to support the creation of new schools, improvement of existing schools, and related human capital and innovation efforts. Through these investments, the fund serves as a catalyst for innovation and improvement in education, ultimately working towards enhancing the quality of education across the country.
This information is meant to be a general summary of Silicon Schools Fund Inc. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $176,051
- Gross Receipts: $14,865,688
Assets and Liabilities:
- Total Assets: $26,025,925
- Total Liabilities: $292,446
- Net Assets: $25,733,479
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Organization Details
Founding Year
2012
Phone
(510) 394-5697Principal Officer
Caitrin Wright
Main Address
827 BROADWAY 300, OAKLAND, CA, 94607
Website
www.siliconschools.comNTEE Category
Code: B12 - Education
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