Overview
What is Eit Digital Silicon Valley Foundation?
Eit Digital Silicon Valley Foundation is a nonprofit organization based in San Francisco, California, with a primary focus on fostering connections between the European innovation ecosystem and the Bay Area. They provide various support programs, including national/regional initiatives, access-to-market assistance for European scale-up companies, industry engagement, and educational activities. Their mission is to bridge the gap between researchers, academics, and business people in the US and Europe, promoting ICT talent development and bringing ICT innovations to life for the benefit of the public. The organization also collaborates with educational institutions, such as UC Berkeley and Coursera, to recruit US students for European education programs and develop specific education initiatives.
Official website here: www.eitdigital.eu
What are the reviews and ratings of this charity?
Charity Navigator Rating: 50%, One-Star out of Four Stars
The Eit Digital Silicon Valley Foundation has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. With an overall score of 50%, the foundation scored particularly low in areas like independent board members, with 0% of members being independent, and it failed to provide financial statements, which heavily impacted its score in the Accountability & Finance category.
On a positive note, the organization does demonstrate a strong commitment to program expenses, with a program expense ratio of 86.64%, indicating that a large portion of its funds is directed towards its programs. Additionally, it has established a conflict of interest policy and maintains documented board meeting minutes, which shows some level of organizational governance.
However, the foundation has notable limitations, including missing policies for whistleblower protection and document retention, as well as the absence of posted financial documents on its website. These gaps contribute to its overall low rating and highlight the need for improved transparency and governance practices to enhance trust and accountability with stakeholders.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Eit Digital Silicon Valley Foundation?
100% of the four reviewers on Facebook recommend EIT Digital Silicon Valley Foundation. Here's a summary of their insights:
The feedback highlights the foundation's commitment to professionalism and accuracy in their services. Reviewers appreciate the organization's efforts to deliver high-quality support, indicating that they feel confident in the foundation’s capabilities.
Although the number of reviews is limited, the positive sentiment expressed suggests that the EIT Digital Silicon Valley Foundation effectively meets its objectives and is well-regarded by those who have interacted with them.
This AI summary has been generated from reviews found on Facebook.
Is Eit Digital Silicon Valley Foundation legitimate?
Eit Digital Silicon Valley Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Eit Digital Silicon Valley 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: $110,178
For more financial information, click here
Official website here: www.eitdigital.eu
What is the mission statement of Eit Digital Silicon Valley Foundation?
The Eit Digital Silicon Valley Foundation aims to establish a two-way connection between the European and the Bay Area ecosystems. This mission is accomplished by bringing together researchers, academics, and business professionals from both continents. The organization seeks to link the knowledge triangle model of education, research, and industry across international boundaries, thereby empowering the development of ICT talent for the future and bringing ICT innovations to life for public benefit.
To achieve this, Eit Digital Silicon Valley Foundation provides national/regional support for initiatives that connect European innovation ecosystems to Silicon Valley. It also offers access-to-market support for European scale-up companies interested in doing business in Silicon Valley. Additionally, the foundation engages with industry partners, such as organizing hackathons, to establish links between Silicon Valley companies and the European innovation ecosystem of Eit Digital.
Furthermore, Eit Digital Silicon Valley Foundation supports student exchange and collaboration on specific education programs. It recruits US students for Eit Digital education programs in Europe and collaborates on various education programs, as demonstrated by its partnership with UC Berkeley and Coursera.
In summary, Eit Digital Silicon Valley Foundation's mission is to foster a connection between the European and Bay Area ecosystems, enabling collaboration among researchers, academics, and business professionals to develop ICT talent and bring ICT innovations to life for public benefit.
Official website here: www.eitdigital.eu
Who is the CEO of Eit Digital Silicon Valley Foundation?
Federico Menna is the Chairman Of Supervisory Board of Eit Digital Silicon Valley Foundation. The CEO's salary of Eit Digital Silicon Valley Foundation is $0 and their total compensation is $0.
Official website here: www.eitdigital.eu
What is the revenue of Eit Digital Silicon Valley Foundation?
Eit Digital Silicon Valley Foundation's revenue in 2022 was $514,698.
Official website here: www.eitdigital.eu
Who are the executives of Eit Digital Silicon Valley Foundation and what are their salaries?
The average compensation at Eit Digital Silicon Valley Foundation during 2022 was $110,178. There is 1 employee at Eit Digital Silicon Valley Foundation.
Here are 7 key members and their salaries (Eit Digital Silicon Valley Foundation's CEO's salary is $0 and their total compensation is $0):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $110,178
- Related: $0
- Other: $0
Official website here: www.eitdigital.eu
Where can I find the form 990 for Eit Digital Silicon Valley Foundation?
Eit Digital Silicon Valley Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.eitdigital.eu
Learn more at the official website: www.eitdigital.eu
Mission Statement of Eit Digital Silicon Valley Foundation
Eit Digital Silicon Valley Foundation's mission is centered around establishing a collaborative bridge between the European and Bay Area ecosystems. In essence, the foundation aims to bring together researchers, academics, and business professionals from both continents. This interconnectedness is facilitated through the Linkage of Knowledge Triangle Model, which encompasses education, research, and industry across international boundaries. The ultimate goal is to empower ICT talent development for the future and bring ICT innovations to life, benefiting the public.
To achieve this mission, Eit Digital Silicon Valley Foundation offers several programs. One such program is the National/Regional Support, which provides assistance to initiatives seeking to connect European innovation ecosystems with Silicon Valley. Another program, the Eit Digital Accelerator Support in Silicon Valley, offers market access support to European scale-up companies interested in doing business in the region. The foundation also engages with industry partners, organizing events such as hackathons to establish links between Silicon Valley companies and the European innovation ecosystem of Eit Digital.
Furthermore, Eit Digital Silicon Valley Foundation supports education activities, including student exchanges and collaborations on specific education programs. This includes recruiting US students for Eit Digital education programs in Europe and collaborating on specific education initiatives, such as with UC Berkeley and Coursera. By fostering these connections, Eit Digital Silicon Valley Foundation aims to promote a global exchange of knowledge and talents in the field of ICT, ultimately driving innovation and benefiting society as a whole.
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Impact
July, 2024
The Eit Digital Silicon Valley Foundation's impact can be seen through its efforts to create a two-way bridge between the European innovation ecosystem and the Bay Area ecosystem. By providing support in Silicon Valley for national/regional initiatives, contributing to the Eit Digital Accelerator, engaging industry partners through programs like hackathons, and facilitating education activities such as student exchange programs, the foundation aims to empower ICT talent development and bring ICT innovations to life for the benefit of the public. Through these initiatives, the foundation is fostering collaboration and knowledge sharing between researchers, academics, and business people in the United States and Europe, ultimately advancing science research and promoting the growth of the digital economy.
This information is meant to be a general summary of Eit Digital Silicon Valley 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $35,778
- Gross Receipts: $514,698
Assets and Liabilities:
- Total Assets: $656,626
- Total Liabilities: $398,622
- Net Assets: $258,004
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TRANSATLANTIC AL HACKATHON
Revenue
$35,778
Organization Details
Founding Year
2015
Phone
(415) 341-6614Principal Officer
Federico Menna
Main Address
845 MARKET STREET 450, SAN FRANCISCO, CA, 94103
Website
www.eitdigital.euNTEE Category
Code: U00 - Science research
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