Overview
What is Joint Venture Silicon Valley Network?
Joint Venture Silicon Valley Network is a nonprofit organization situated in San Jose, California, with a focus on promoting the overall well-being and prosperity of the Silicon Valley region for its residents and workers. Their primary mission is achieved through two main approaches. Firstly, they provide data, research, and analysis through their research arm, the Silicon Valley Institute for Regional Studies, which delves into economic and community issues within the region and broader areas. Secondly, they convene prominent figures from various sectors, including business, government, academia, labor, and the broader community, to tackle challenges highlighted by their research. The organization, which employs 16 individuals, manages a variety of public resources and regularly releases research findings to the community.
Official website here: www.jointventure.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83% (Three-Star out of Four Star rating)
Joint Venture Silicon Valley Network has achieved a Three-Star rating from Charity Navigator, signifying a solid performance primarily in Accountability and Finance. The organization scored well in various metrics, including having a fully independent board and strong financial oversight practices. Their high program expense ratio indicates that a significant portion of their funds is directed towards their mission-related activities.
Despite these strengths, the organization has some limitations, particularly in its liabilities to assets ratio, which may suggest potential financial vulnerability. Their working capital ratio is also relatively low, indicating that they might face challenges in meeting short-term obligations. Overall, while Joint Venture Silicon Valley Network demonstrates a commitment to accountability, attention to financial management could further enhance their sustainability.
Users generally appreciate the transparency and governance of the nonprofit, noting effective communication of their policies and practices. However, ongoing vigilance regarding financial health is recommended to maintain trust and operational stability.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Joint Venture Silicon Valley Network?
100% of reviewers on Facebook recommend Joint Venture Silicon Valley Network. Here is a summary of their reviews:
The organization is praised for providing invaluable insights into Silicon Valley's trends and issues, offering a comprehensive overview that allows participants to stay informed and engaged. Users appreciate the forum atmosphere that encourages discussion and knowledge sharing among community members.
Overall, the positive sentiments highlight the nonprofit's effectiveness in fostering awareness and understanding of local developments, making it a trusted resource for those interested in the Silicon Valley area.
This AI summary has been generated from reviews found on Facebook.
Is Joint Venture Silicon Valley Network legitimate?
Joint Venture Silicon Valley Network is a legitimate nonprofit organization registered as a 501(c)(3) entity. Joint Venture Silicon Valley Network 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: $514,343
Professional Fundraising Fees: $0
Other Salaries and Wages: $916,152
For more financial information, click here
Official website here: www.jointventure.org
What is the mission statement of Joint Venture Silicon Valley Network?
Joint Venture Silicon Valley Network's mission is centered around enhancing the well-being and dynamism of the community. They achieve this by offering data, research, and analysis through their research division, the Institute for Regional Studies. Moreover, they bring together established and emerging leaders from various sectors, including business, government, academia, labor, and the broader community, to tackle the challenges highlighted by their research. The aim is to foster a collaborative environment where these leaders can address and find solutions to the challenges facing the community.
Official website here: www.jointventure.org
Who is the CEO of Joint Venture Silicon Valley Network?
Russell Hancock is the Co-Chair of Joint Venture Silicon Valley Network. The CEO's salary of Joint Venture Silicon Valley Network is $355,557 and their total compensation is $724,836.
Official website here: www.jointventure.org
What is the revenue of Joint Venture Silicon Valley Network?
Joint Venture Silicon Valley Network's revenue in 2023 was $2,542,322.
Official website here: www.jointventure.org
Who are the executives of Joint Venture Silicon Valley Network and what are their salaries?
The average compensation at Joint Venture Silicon Valley Network during 2023 was $89,406. There are 16 employees and 20 volunteers at Joint Venture Silicon Valley Network.
Here are 41 key members and their salaries (Joint Venture Silicon Valley Network's CEO's salary is $355,557 and their total compensation is $724,836):
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- Other: $137,708
Official website here: www.jointventure.org
Where can I find the form 990 for Joint Venture Silicon Valley Network?
Joint Venture Silicon Valley Network's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.jointventure.org
Learn more at the official website: www.jointventure.org
Mission Statement of Joint Venture Silicon Valley Network
Joint Venture Silicon Valley Network is committed to promoting the well-being and thriving of the Silicon Valley community for all its residents and workers. They achieve this mission by adopting a two-pronged strategy. Firstly, they provide data, research, and analysis through their research division, the Institute for Regional Studies. This allows them to identify and understand the challenges facing the region. Secondly, they convene prominent leaders from various sectors, including business, government, academia, labor, and the broader community. By bringing these leaders together, Joint Venture encourages them to tackle the issues highlighted by the research, thereby fostering a healthier and more vibrant Silicon Valley.
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Impact
July, 2024
Joint Venture Silicon Valley Network plays a crucial role in fostering the health and vitality of Silicon Valley by providing essential data, research, and analysis through its research arm, the Institute for Regional Studies. By convening leaders from various sectors like business, government, academia, labor, and the broader community, Joint Venture addresses the challenges highlighted by its research. Through its work, Joint Venture contributes significantly to the understanding of economic and community issues in Silicon Valley and the broader Bay Area, ultimately benefiting the public and supporting the region's overall well-being.
This information is meant to be a general summary of Joint Venture Silicon Valley Network. 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 2023.
- Investment Income: $12,998
- Gross Receipts: $2,589,914
Assets and Liabilities:
- Total Assets: $2,155,070
- Total Liabilities: $1,326,024
- Net Assets: $829,046
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Organization Details
Founding Year
1992
Phone
(669) 223-1331Principal Officer
Russell Hancock
Main Address
PO BOX 720010 800, SAN JOSE, CA, 95172
Website
www.jointventure.orgNTEE Category
Code: B95Z - Education
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