Overview
What is Silicon Valley Creates?
Silicon Valley Creates is a nonprofit organization based in San Jose, California, specifically at 255 N Market Street Suite 210. Its primary mission is to elevate Silicon Valley's creative culture by providing various programs inspired by the local startup culture. This involves offering core grants and educational programs, nurturing emerging leaders, funding innovative ideas, enrolling partners in their initiatives, and leading collaborative projects in their initial phase. The nonprofit serves approximately 1.8 million individuals, aiming to strengthen the arts and culture ecosystem, enhance the value and visibility of the creative sector, and increase access to arts and creativity. With a team of nine employees, Silicon Valley Creates fosters growth and innovation within the creative community of the Silicon Valley region.
Official website here: www.svcreates.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100% (Four-Star out of Four Star rating)
Silicon Valley Creates has achieved an outstanding Four-Star rating from Charity Navigator, reflecting a perfect score of 100% in Accountability & Finance. This rating signifies the organization's commitment to transparency and responsible financial management, which is critical for donor trust and engagement.
Strengths of Silicon Valley Creates include a fully independent board, maintaining strong oversight and governance with 12 independent members. Additionally, the organization demonstrates excellent financial health, with a program expense ratio of 82.95% and a very low fundraising efficiency cost of just $0.03, indicating that the majority of funds are directed toward its programs rather than administrative expenses.
While the data highlights the organization's strengths, it's essential for potential donors and supporters to consider the broader impact and community engagement aspects of Silicon Valley Creates. However, the financial metrics and governance practices suggest a well-managed organization focused on its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Silicon Valley Creates legitimate?
Silicon Valley Creates is a legitimate nonprofit organization registered as a 501(c)(3) entity. Silicon Valley Creates 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: $389,661
Professional Fundraising Fees: $0
Other Salaries and Wages: $418,949
For more financial information, click here
Official website here: www.svcreates.org
What is the mission statement of Silicon Valley Creates?
Silicon Valley Creates, an organization focused on enhancing the creative culture, aims to achieve this goal through various programs and initiatives. Their mission is to strengthen the capacity of the creative sector, raise its value and visibility, and increase access to arts and creativity. To accomplish this, they provide core grants and educational programs inspired by Silicon Valley's startup culture, nurture emerging leaders, offer seed funding for new ideas and projects, enroll partners in their work, and lead collaborative initiatives during their startup phase before handing over to a partner for stewardship and scaling. These efforts serve approximately 1.8 million individuals.
Official website here: www.svcreates.org
Who is the CEO of Silicon Valley Creates?
Connie Martinez is the Chair of Silicon Valley Creates. The CEO's salary of Silicon Valley Creates is $169,062 and their total compensation is $183,558.
Official website here: www.svcreates.org
What is the revenue of Silicon Valley Creates?
Silicon Valley Creates's revenue in 2022 was $3,649,409.
Official website here: www.svcreates.org
Who are the executives of Silicon Valley Creates and what are their salaries?
The average compensation at Silicon Valley Creates during 2022 was $89,846. There are 9 employees and 20 volunteers at Silicon Valley Creates.
Here are 16 key members and their salaries (Silicon Valley Creates's CEO's salary is $169,062 and their total compensation is $183,558):
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- Compensation: $169,062
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- Other: $14,496
- Compensation: $170,000
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- Other: $11,722
Official website here: www.svcreates.org
Where can I find the form 990 for Silicon Valley Creates?
Silicon Valley Creates's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.svcreates.org
Learn more at the official website: www.svcreates.org
Mission Statement of Silicon Valley Creates
Silicon Valley Creates, a nonprofit organization, is committed to elevating the creative culture in its sphere. Its mission is to achieve this goal through various programs and initiatives. The organization aims to build the capacity of the creative sector, raising the value and visibility of this sector while increasing access to arts and creativity. To achieve this, Silicon Valley Creates provides a suite of core grants and educational programs inspired by Silicon Valley's startup culture. They nurture emerging leaders, offer seed funding for new ideas and projects, and enroll partners in their work. Additionally, the organization leads collaborative initiatives in their startup phase before handing them over to a partner to steward and/or scale. This approach serves approximately 1.8 million individuals, demonstrating the impact of Silicon Valley Creates in fostering a vibrant and thriving creative culture.
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Impact
July, 2024
Silicon Valley Creates plays a crucial role in elevating Silicon Valley's creative culture by building the capacity of the creative sector. Through core grants, educational programs inspired by the region's startup culture, nurturing emerging leaders, providing seed funding for new ideas and projects, enrolling partners in their work, and leading collaborative initiatives, Silicon Valley Creates serves approximately 1.8 million individuals in San Jose, CA. Their mission is to raise the value and visibility of the creative sector while increasing access to arts and creativity in the region.
This information is meant to be a general summary of Silicon Valley Creates. 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: -$66
- Program Service Revenue: $22,280
- Gross Receipts: $3,836,742
Assets and Liabilities:
- Total Assets: $3,422,422
- Total Liabilities: $586,656
- Net Assets: $2,835,766
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LICENSE FEES
Revenue
$22,280
Organization Details
Founding Year
1982
Phone
(408) 998-2787Principal Officer
Connie Martinez
Main Address
255 N MARKET STREET SUITE 210, SAN JOSE, CA, 95110
Website
www.svcreates.orgNTEE Category
Code: A260 - Arts
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