Overview
What is Silicon Valley Social Venture Fund - Sv2?
Silicon Valley Social Venture Fund (Sv2) is a nonprofit organization situated in Redwood City, California. Their mission is to harness the resources and talents of the Silicon Valley community to drive significant social impact. Sv2 achieves this by conducting grant rounds where donors, referred to as Partners, gain hands-on education about various social or environmental issues, collectively contribute funds, and collaboratively select high-potential grantees and impact investors from local nonprofits and social ventures. These selected organizations receive unrestricted grants to enhance their mission's reach and impact, fostering a thriving Bay Area and world. In the 2021-22 period, Sv2 offered multi-year grants in economic inclusion and education, and engaged in impact investing by selecting mission-driven social ventures. The Sv2 Teens Program, involving teenagers of Partners, awarded grants to nonprofits focused on environmental education. Data suggests that over 90% of Partners enhance their knowledge of community needs and solutions, while the majority improve their philanthropic skills and become more effective social impact leaders.
Official website here: www.sv2.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82%, Three-Star out of Four Star rating.
Silicon Valley Social Venture Fund (Sv2) has received a Three-Star rating from Charity Navigator, indicating a solid performance in accountability and finance, with a score of 83%. The organization demonstrates excellent governance with 100% independent board members and maintains transparency through various policies, including conflict of interest and whistleblower policies. Its financial health is reflected in a program expense ratio of 79.55%, showing a strong commitment to its mission.
User feedback from Great Nonprofits highlights Sv2's effective programming and innovative approach to social impact. Many reviewers praised the organization's ability to connect members with meaningful opportunities, emphasizing the value of both financial and intellectual support provided to grantees. Comments from clients and donors alike indicate high satisfaction with Sv2’s collaborative environment and its commitment to facilitating impactful partnerships.
While the overall data presents a positive view of Sv2, there is always room for improvement, particularly in enhancing its culture and community score, which is lower at 17%. Continued focus on building community engagement could further strengthen its reputation and effectiveness in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Silicon Valley Social Venture Fund - Sv2 legitimate?
Silicon Valley Social Venture Fund - Sv2 is a legitimate nonprofit organization registered as a 501(c)(3) entity. Silicon Valley Social Venture Fund - Sv2 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: $342,153
Professional Fundraising Fees: $0
Other Salaries and Wages: $216,619
For more financial information, click here
Official website here: www.sv2.org
What is the mission statement of Silicon Valley Social Venture Fund - Sv2?
The mission of Silicon Valley Social Venture Fund (Sv2) is geared towards leveraging the resources and talents of the Silicon Valley community to bring about significant social change. Sv2 accomplishes this by strengthening the organizational capabilities of their nonprofit grantees and impact investors. They achieve this through an engaged grantmaking process, with funds contributed by their donor-partners, in various issue areas.
Official website here: www.sv2.org
Who is the CEO of Silicon Valley Social Venture Fund - Sv2?
James Basile is the Ceo of Silicon Valley Social Venture Fund - Sv2. The CEO's salary of Silicon Valley Social Venture Fund - Sv2 is $208,269 and their total compensation is $215,451.
Official website here: www.sv2.org
What is the revenue of Silicon Valley Social Venture Fund - Sv2?
Silicon Valley Social Venture Fund - Sv2's revenue in 2022 was $1,729,206.
Official website here: www.sv2.org
Who are the executives of Silicon Valley Social Venture Fund - Sv2 and what are their salaries?
The average compensation at Silicon Valley Social Venture Fund - Sv2 during 2022 was $93,129. There are 6 employees and 60 volunteers at Silicon Valley Social Venture Fund - Sv2.
Here are 21 key members and their salaries (Silicon Valley Social Venture Fund - Sv2's CEO's salary is $208,269 and their total compensation is $215,451):
- Compensation: $208,269
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- Other: $7,182
- Compensation: $97,740
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- Other: $5,765
- Compensation: $83,940
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- Other: $16,562
- Compensation: $26,200
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Official website here: www.sv2.org
Where can I find the form 990 for Silicon Valley Social Venture Fund - Sv2?
Silicon Valley Social Venture Fund - Sv2's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.sv2.org
Learn more at the official website: www.sv2.org
Mission Statement of Silicon Valley Social Venture Fund - Sv2
Silicon Valley Social Venture Fund, often referred to as Sv2, is a mission-driven organization with a goal to harness the resources and talents within the Silicon Valley community to bring about significant social change. At the heart of Sv2's mission is the objective to strengthen the operational capabilities of its nonprofit grantees and impact investors. This is achieved through an engaged grantmaking approach, with funds contributed by their donor-partners, in various issue areas. By doing so, Sv2 aims to bolster the philanthropic capacity of its partners, ultimately contributing to meaningful social impact.
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Impact
July, 2024
Silicon Valley Social Venture Fund - Sv2 unleashes the resources and talents of the Silicon Valley community to achieve meaningful social impact. Through experiential grantmaking and impact investing, SV2 partners pool their charitable contributions to support high-potential grantees and impact investees in local nonprofits and social ventures. In 2021-22, SV2 made multiple multi-year, general operating support grants in economic inclusion and education, along with impact investments in mission-driven social ventures and a venture capital fund. The SV2 Teens Program also awarded grants to nonprofits focused on environmental education. Data indicates that SV2's programs have a significant impact, as 94% of partners increased their knowledge about community needs and solutions, 87% gained confidence in effective giving, and 72% became more effective social impact leaders.
This information is meant to be a general summary of Silicon Valley Social Venture Fund - Sv2. 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: $12,800
- Gross Receipts: $1,752,457
Assets and Liabilities:
- Total Assets: $2,310,779
- Total Liabilities: $517,471
- Net Assets: $1,793,308
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Organization Details
Founding Year
2007
Phone
(650) 526-8171Principal Officer
James Basile
Main Address
350 TWIN DOLPHIN DRIVE SUITE 103, REDWOOD CITY, CA, 94065
Website
www.sv2.orgNTEE Category
Code: T30 - Philanthropy
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