Prospect Silicon Valley

EIN: 270220018 501(c)(3) Community Improvement

San Francisco, CA

Total Revenue
$718,398
Total Expenses
$837,839
Total Assets
$536,328
Net Assets
$459,023
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2009
Legal Domicile
CA
Principal Officer
Douglas Davenport
Phone
4083372483
Tax Period
2023-07-01 to 2024-06-30

Prospect Silicon Valley, founded in 2009, is a small nonprofit in the Community Improvement sector that reported $718K in total revenue in fiscal year 2023. Revenue fell 36% from the prior year — a significant decline worth monitoring. Expenses of $838K exceeded revenue, resulting in a 17% operating deficit.

Mission

The purpose of the organization is to advance progress in sustainability and decarbonization of energy, transportation, and infrastructure.

Program Service Accomplishments

Program 1
Expenses: $529,596

For more information please visit www.prospectsv.org/our-workBuilding Decarbonization Policy SupportProspectSV is supporting nationwide policy research with LBNL, to characterize how industry tools...

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For more information please visit www.prospectsv.org/our-workBuilding Decarbonization Policy SupportProspectSV is supporting nationwide policy research with LBNL, to characterize how industry tools, services, programs, and finance may or may not support compliance with Building Performance Standards (BPS) for smaller buildings and small portfolios. Our work includes researching BPS-relevant software tools for owners of underserved buildings who have limited resources and internal expertise. Activities under this task include conducting outreach and interviews with product providers, developing overviews of capabilities and benefits of products reviewed, and distributing results in a snapshot analysis to target audiences. Also, ProspectSV is conducting a landscape study of financing mechanisms related to decarbonization investments for small businesses and under-served buildings, with a focus on building performance standard compliance and electrification. In addition, ProspectSV is engaging BPS stakeholder working groups that will help inform LBNLs BPS Policy Technical Assistance efforts by identifying specific building owner needs. We engage owners, capital entities, and other CRE stakeholders on policy impacts, trends, and risk assessment approaches. The impact of this work will be tailored approaches to engage small building CRE to accelerate market-achievable decarbonization and efficiency improvements nationwide.Decarbonization Advisory SupportProspectSV designed and delivered Decarbonization Technical Assistance for Fleet and Building Electrification/Decarbonization to 30 public institutions, including cities, counties, and school districts. Building and Fleet managers face challenges with staffing and resources to effectively plan and implement decarbonization efforts, even under the best of conditions. We provide assistance that helps institutions gain valuable insight and a path forward with fleet and building projects, with an eye toward clear asset inventories, rational project development, and a long-term financial outlook and highest ROI on carbon emissions reduction.For building owners, we provide insight on priority system replacements and highest benefit, and a strategic review of their portfolio, including key decarbonization considerations for each building analyzed, and relevant funding and incentives. For fleet managers, we develop priority replacement and EVSE options, including comprehensive lifecycle cost evaluations. We also map funding opportunities from State, Federal, and Utilities/CCAs. Where appropriate we provide insights on emerging solutions and upcoming opportunities to gain operational efficiencies leveraging new technology.Our strategic support practice is intended to address the needs of institutions who are impacted by decarbonization policy and regulations, as well as those early movers who wish to scale their programs quickly, leveraging financial and technical advantages available to them. With partners, we bring critical planning, strategy, finance, and design expertise to help clients shape and launch scalable decarbonization efforts.Clean Mobility in SchoolsProspectSV is partnering with Twin Rivers Unified School District (TRUSD) and other organizations on the California Air Resources Board (CARB)-funded California Capitol Pilot Project: Showcasing Zero-Emission Mobility in Schools Project (Clean Mobility in Schools). The project will support transformative emission reduction strategies at TRUSD, located in disadvantaged communities (DACs), and will showcase a comprehensive array of zero-emission mobility solutions for schools throughout California. ProspectSV is providing overall program management and administration in conjunction with TRUSD as the prime grant recipient.The grant includes:Zero-emission school buses with managed charging, and a solar installationZero-emission maintenance and landscape equipmentZero-emission van pool and car-sharing programs for district and community useWorkforce training, outreach, and events in the school and surrounding communityOther project partners include: Climatec, InCharge Energy, Enterprise Van, Fairway EV & Tropos Motors, FordPro, Hilmar Rentals, Lion Electric, Aura Planning, Breathe California, Climate Action Pathways for Schools (CAPS), Sacramento Clean Cities Coalition (SCCC), Sacramento Metro Air Quality Management District (SMAQMD), Sacramento Employment and Training Agency (SETA), Sacramento Municipal Utility District (SMUD), and Los Rios Community College.Equitable MobilityDecarbonizing transportation requires a monumental, transformative effort with the promise of lower carbon emissions, higher performance, social benefit, and improved quality of life. Yet, for those in underserved and disadvantaged communities, the promise of zero-carbon mobility remains elusive. Transforming transportation options from fossil fuel to electric, particularly in underserved communities, requires a new set of approaches to operations and infrastructure, a redefinition and expansion of roles, and additional financing. ProspectSV is partnering with Project Climate at UC Berkeley's Center for Law, Energy & the Environment (CLEE) to form a multi-stakeholder effort for local coalitions to address the barriers and needs of underserved communities with respect to the expansion of clean mobility infrastructure, plans for public charging and vehicle access in community-appropriate locations, and pilot projects to see those plans through. Project Climate and ProspectSV will work with an advisory body of local representatives, small business owners, lower-income multifamily property owners, and EV infrastructure and private finance experts to craft financing strategies to accompany and propel the infrastructure deployment plans developed in the project. This effort serves as a focal point for long-range planning, and is co-supported by corporate and public partnerships focused on data, energy, and mobility.Technology Demonstration SupportProspectSV partners with technology innovators, R&D, Corporate, Operations and Engineering partners to demonstrate innovative technology applications to address known, broad scale barriers to mobility, building efficiency, decarbonization, and other quality of life factors. Our work in this area includes advising and supporting startups with innovative solutions and challenges in commercialization. We partner broadly to pursue funding opportunities from public sector programs including the California Energy Commission EPIC Program. To date we have conducted technology demonstrations and pilots in buildings and transportation sectors, and have conducted a program (Empower Procurement) aimed at process and policy improvements for institutional entities adoption of energy related hardware and services including fleet, building, and distributed energy resource technologies.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $621,410
Investment Income $0
Other Revenue $96,988
TOTAL REVENUE $718,398

Expense Breakdown

Grants Paid $0
Salaries & Benefits $661,996
Fundraising Expenses $0
Program Expenses $529,596
Other Expenses $175,843
TOTAL EXPENSES $837,839

Year-over-Year Comparison

2023 2022 Change
Revenue $718,398 $1,130,431 -0.4%
Expenses $837,839 $846,123 0.0%
Net Income $-119,441 $284,308 -1.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
7
Independent Members
7
Employees
6
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$217,973
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Douglas Davenport Executive Dir. 40.00
Officer
$217,973 $0 $217,973
Andrew Huynh Business Mgr. 40.00
$113,650 $0 $113,650
Rick Hutchison Director 0.50
Director
$0 $0 $0
Kevin Bates Director 0.50
Director
$0 $0 $0
Ken Alex Director 0.50
Director
$0 $0 $0
David Kaneda Director 0.50
Director
$0 $0 $0
Pauline Souza Director 0.50
Director
$0 $0 $0
Gordon Ho Chairman/Sec. 1.00
Officer
$0 $0 $0
Michael Wu Treasurer 1.00
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $718,398 $837,839 $536,328 $-119,441
2023 $1,130,431 $846,123 $825,628 $284,308
2022 $888,763 $833,582 $610,362 $55,181
2021 $1,095,706 $1,035,065 $846,628 $60,641
2020 $1,397,144 $1,421,336 $2,085,149 $-24,192
2019 $1,635,925 $1,632,098 $1,638,146 $3,827
2018 $1,205,932 $1,435,098 $624,255 $-229,166
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