Overview
What is The Silicon Valley Leadership Group Foundation?
The Silicon Valley Leadership Group Foundation, based in San Jose, California, is a nonprofit organization dedicated to fostering a thriving and innovative Silicon Valley. While the ongoing pandemic necessitated a shift to a virtual format in 2020 and 2021 for the Applied Materials Silicon Valley Turkey Trot, they successfully returned with an in-person community event in 2022, attracting around 17,000 participants who contributed approximately $400,000 collectively to four local charities. In addition to organizing community events, the foundation engages in research and study related to public policy issues, with a mission to address challenges that ensure Silicon Valley maintains its status as a global innovation hub, offering a favorable business environment, and high quality of life for its workforce. The foundation has a small workforce of five dedicated individuals.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% - Four-Star out of Four Star Rating
The Silicon Valley Leadership Group Foundation has earned a notable Four-Star rating from Charity Navigator, reflecting a strong commitment to accountability and financial health. The overall score is derived entirely from their robust performance in accountability and finance, where they scored 94%. This high rating signifies that the organization is effectively managing its resources and maintaining transparency in its operations.
One of the organization's strengths includes a board composed of 92% independent members, ensuring impartial governance. The foundation's financial oversight is commendable, with a perfect score in several key areas such as audit and oversight committee functions and a well-defined conflict of interest policy. Additionally, their program expense ratio of nearly 95% indicates that the majority of their funds are directed towards their charitable programs.
While the data does not indicate any significant limitations, the strong scores across various accountability metrics suggest that the foundation is dedicated to ethical practices and efficient use of funds. Overall, the Silicon Valley Leadership Group Foundation stands out as a trustworthy organization within the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is The Silicon Valley Leadership Group Foundation legitimate?
The Silicon Valley Leadership Group Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Silicon Valley Leadership Group 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.
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What is the mission statement of The Silicon Valley Leadership Group Foundation?
The Silicon Valley Leadership Group Foundation's mission is focused on addressing issues that will maintain the region as a global innovation hub, ensuring a thriving business climate and high quality of life for its workers. To achieve this, the foundation conducts research and studies related to public policy matters. In response to the global pandemic, the foundation's annual community event, the Applied Materials Silicon Valley Turkey Trot, was adapted to a virtual format in 2020 and 2021. In 2022, the event returned to an in-person format, attracting over 17,000 participants who collectively donated approximately $400,000 to four local charities, including Second Harvest Silicon Valley, Housing Trust Silicon Valley, The Health Trust, Healthier Kids Foundation, and Second Harvest Food Bank Santa Cruz.
Who is the CEO of The Silicon Valley Leadership Group Foundation?
Ahmad Thomas is the Treasurer of The Silicon Valley Leadership Group Foundation.
What is the revenue of The Silicon Valley Leadership Group Foundation?
The Silicon Valley Leadership Group Foundation's revenue in 2022 was $560,372.
Who are the executives of The Silicon Valley Leadership Group Foundation and what are their salaries?
There are 5 employees and 500 volunteers at The Silicon Valley Leadership Group Foundation.
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Where can I find the form 990 for The Silicon Valley Leadership Group Foundation?
The Silicon Valley Leadership Group Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Silicon Valley Leadership Group Foundation
The Silicon Valley Leadership Group Foundation, a prominent organization, is committed to conducting research and studies on general public policy issues. Its primary mission is to address matters that will ensure Silicon Valley continues to thrive as the global capital of innovation, maintaining a conducive business climate, and providing a high quality of life for its workers.
To fulfill this mission, the Foundation engages in various activities. For instance, it aims to tackle issues that will sustain Silicon Valley's status as a hub of innovation, while also promoting a healthy business environment and a great quality of life for its workforce.
One of the Foundation's notable initiatives is its involvement in community building. During the ongoing global pandemic, the Applied Materials Silicon Valley Turkey Trot, an annual community event, was adapted to a virtual format in both 2020 and 2021. In 2022, the event returned as an in-person community/charity 5K, 10K, and Kids Fun Run, attracting approximately 17,000 participants. The proceeds from this event, amounting to around $400,000, were donated to four local charities, namely Second Harvest Silicon Valley, Housing Trust Silicon Valley, The Health Trust, Healthier Kids Foundation, and Second Harvest Food Bank Santa Cruz. These donations underscore the Foundation's commitment to improving the quality of life for the residents of Silicon Valley.
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Impact
July, 2024
The Silicon Valley Leadership Group Foundation impacts the community by conducting research and studying general public policy issues. Additionally, they organize events like the Silicon Valley Turkey Trot, which in 2022 attracted 17,000 participants and raised approximately $400,000 for local charities such as Second Harvest Silicon Valley, Housing Trust Silicon Valley, The Health Trust, Healthier Kids Foundation, and Second Harvest Food Bank Santa Cruz. Through their activities, they aim to address issues that contribute to maintaining Silicon Valley as the international capital of innovation with a healthy business climate and quality of life for its workers.
This information is meant to be a general summary of The Silicon Valley Leadership Group 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.
- Investment Income: $245
- Gross Receipts: $1,606,111
Assets and Liabilities:
- Total Assets: $1,446,426
- Total Liabilities: $578,266
- Net Assets: $868,160
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Organization Details
Founding Year
2002
Phone
(408) 501-7864Principal Officer
Ahmad Thomas
Main Address
2460 N FIRST ST 260, SAN JOSE, CA, 95131
NTEE Category
Code: C34 - Environment
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