SEMI FOUNDATION

EIN: 300155873 501(c)(3) Education

MILPITAS, CA

Total Revenue
$3,560,871
Total Expenses
$2,689,806
Total Assets
$6,430,715
Net Assets
$4,246,524
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
CA
Principal Officer
AJIT MANOCHA
Phone
4089436900
Tax Period
2023-01-01 to 2023-12-31

SEMI FOUNDATION, founded in 2002, is a community nonprofit in the Education sector that reported $3.6M in total revenue in fiscal year 2023. Revenue surged 821% from the prior year, signaling strong growth momentum. The organization ran a surplus of $871K, a strong 24% operating margin.

Mission

THE MISSION OF THE SEMI FOUNDATION IS TO SUPPORT ECONOMIC OPPORTUNITY FOR WORKERS AND THE SUSTAINED GROWTH OF THE MICROELECTRONICS INDUSTRY.WE ACCOMPLISH THIS THROUGH CREATING PATHWAYS AND OPPORTUNITIES FOR JOB SEEKERS, AND TOOLS AND SYSTEMS FOR SEMICONDUCTOR COMPANIES TO ATTRACT, DEVELOP, AND RETAIN A DIVERSE, INNOVATIVE, AND SKILLED WORKFORCE.

Program Service Accomplishments

Program 1
Expenses: $1,249,082 Revenue: $136,496

THE SEMI FOUNDATION CONTINUES TO FOCUS ON GLOBAL INITIATIVES THAT SUPPORT WORKFORCE DEVELOPMENT AND DIVERSITY, EQUITY, AND INCLUSION (DEI) IN THE INDUSTRY. THE GOAL OF THE FOUNDATION'S WORK IS TO...

Read more

THE SEMI FOUNDATION CONTINUES TO FOCUS ON GLOBAL INITIATIVES THAT SUPPORT WORKFORCE DEVELOPMENT AND DIVERSITY, EQUITY, AND INCLUSION (DEI) IN THE INDUSTRY. THE GOAL OF THE FOUNDATION'S WORK IS TO HELP ATTRACT CANDIDATES AND HELP DEVELOP A GLOBAL WORKFORCE TO SUSTAIN INDUSTRY INNOVATION AND GROWTH. ONE IMPORTANT INITIATIVE IS THE INDUSTRY IMAGE AND AWARENESS CAMPAIGN TO RAISE THE VISIBILITY OF THIS CRUCIAL INDUSTRY. THIS INCLUDES A NATIONAL MEDIA CAMPAIGN TO INSPIRE STUDENTS AND ADULTS TO JOIN THE MICROELECTRONICS INDUSTRY; AN ONLINE CAREER EXPLORATION PORTAL TO HELP STUDENTS AND JOB SEEKERS FIND EDUCATIONAL PATHWAYS AND CONNECTIONS TO EMPLOYERS; VIRTUAL VIDEO EVENTS THAT REACH MILLIONS OF HIGH SCHOOL STUDENTS ANNUALLY AND EDUCATE THEM ABOUT INDUSTRY PROFESSIONALS AND CAREERS; AND A DOCUMENTARY THAT EXPLORES AND ILLUMINATES THE INDUSTRY. THE SEMI FOUNDATION ALSO COORDINATES NUMEROUS ADDITIONAL PROGRAMS TO SUPPORT THE WORKFORCE PIPELINE, INCLUDING A MENTORING PROGRAM FOR INDUSTRY PROFESSIONALS TO CONNECT WITH STUDENTS, A VETWORKS INITIATIVE THAT RECRUITS MILITARY VETERANS TRANSITIONING INTO CIVILIAN LIFE, PROGRAMMING FOCUSED ON ATTRACTING, SUPPORTING, AND RETAINING WOMEIN IN THE INDUSTRY, AND ONGOING INDUSTRY EVENTS NATIONWIDE FOCUSED ON WORKFORCE DEVELOPMENT AND DEI TOPICS. SEMI FOUNDATION ALSO SUPPORTS SUPPLIERS AND COMPANIES WITH DIVERSE OWNERSHIP, SPONSORS AN INCLUSIVE INDUSTRY RECOGNITION AWARD, AND PROVIDES A DEI ROADMAP AND TOOLKIT TO SHARE INDUSTRY BEST PRACTICES.

Program 2
Expenses: $991,051 Revenue: $90,000

THE SEMI FOUNDATION SUPPORTS THE DEVELOPMENT OF REGISTERED TRAINING PROGRAMS, OTHER WORK-AND-LEARN PROGRAMS, AND CURRICULUM FOR HIGHSCHOOL, UPSKILLING, AND RESKILLING TO TRAIN WORKERS TO ENTER AND...

Read more

THE SEMI FOUNDATION SUPPORTS THE DEVELOPMENT OF REGISTERED TRAINING PROGRAMS, OTHER WORK-AND-LEARN PROGRAMS, AND CURRICULUM FOR HIGHSCHOOL, UPSKILLING, AND RESKILLING TO TRAIN WORKERS TO ENTER AND ADVANCE IN THE INDUSTRY. IN 2023, THE FOUNDATION SUPPORTED THE LAUNCH OF A REGISTERED APPRENTICESHIP PROGRAM IN CALIFORNIA AND WAS BUILDING SIMILAR PROGRAMS IN ARIZONA AND MICHIGAN. IN ADDITION, THE FOUNDATION DEVELOPED EXTENSIVE CURRICULUM FOR USE IN HIGH SCHOOLS, PRE-APPRENTICESHIPS, AND OTHER TRAINING PROGRAMS. THE FOUNDATION IS FOCUSING ON EDUCATING THE SEMICONDUCTOR INDUSTRY ON THE REGISTERED APPRENTICESHIP MODEL AND ENCOURAGING ITS ADOPTION DUE TO ITS ABILITY TO EXPAND AND DIVERSIFY THE WORKFORCE AS AN INDUSTRY-LED AND WORKER-CENTRIC PROGRAM, PROVIDING WELL-SKILLED WORKERS WHO HAVE JOB MOBILITY.

Program 3
Expenses: $357,311

SINCE ITS INCEPTION, THE SEMI FOUNDATION HAS SPONSORED SEMI HIGH TECH U (HTU), AN INTERACTIVE EDUCATIONAL PROGRAM DESIGNED TO EXCITE STUDENTS THROUGHOUT ELEMENTARY, MIDDLE, AND HIGH SCHOOL ABOUT...

Read more

SINCE ITS INCEPTION, THE SEMI FOUNDATION HAS SPONSORED SEMI HIGH TECH U (HTU), AN INTERACTIVE EDUCATIONAL PROGRAM DESIGNED TO EXCITE STUDENTS THROUGHOUT ELEMENTARY, MIDDLE, AND HIGH SCHOOL ABOUT SCIENCE, TECHNOLOGY, ENGINEERING, AND MATH (STEM) AND EXPOSE THEM TO POTENTIAL CAREER OPPORTUNITIES IN THE MICROELECTRONICS INDUSTRY. IN 2023, THE SEMI FOUNDATION REACHED MORE THAN 3,000 STUDENTS IN THE UNITED STATES, EUROPE, AND SOUTHEAST ASIA; SINCE ITS LAUNCH, THE PROGRAM HAS SERVED MORE THAN 14,000 STUDENTS AND TEACHERS IN AUSTRIA, FRANCE, INDIA, JAPAN, KOREA, THE NETHERLANDS, SINGAPORE, AND TAIWAN.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $3,154,741
Program Service Revenue $226,496
Investment Income $179,634
Other Revenue $0
TOTAL REVENUE $3,560,871

Expense Breakdown

Grants Paid $20,507
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $2,597,444
Other Expenses $2,669,299
TOTAL EXPENSES $2,689,806

Year-over-Year Comparison

2023 2022 Change
Revenue $3,560,871 $386,431 +8.2%
Expenses $2,689,806 $2,026,559 +0.3%
Net Income $871,065 $-1,640,128 -1.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Sign In

Governance

Voting Members
11
Independent Members
10
Employees
N/A
Volunteers
227

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
$4,503,082
Total Directors
12
$2,719,531
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KATY CRIST TRUSTEE 1.00
Director
$0 $0 $0
JONATHAN DAVIS TRUSTEE 1.00
Director
$0 $0 $0
DANA DITMORE TRUSTEE 1.00
Director
$0 $0 $0
MARY PUMA TRUSTEE (FROM 3/28/23) 1.00
Director
$0 $0 $0
HELEN GRAYS-JONES TRUSTEE 1.00
Director
$0 $0 $0
ARTHUR W ZAFIROPOULO TRUSTEE 1.00
Director
$0 $0 $0
AJIT MANOCHA CHAIRMAN, PRES & CEO 4.00
Officer Director
$0 $1,422,015 $2,719,531
DEBBIE GUSTAFSON TRUSTEE 1.00
Director
$0 $0 $0
KEVIN CROFTON TRUSTEE (TO 3/28/23) 1.00
Director
$0 $0 $0
KATE DEI CAS TRUSTEE 1.00
Director
$0 $0 $0
PATRICIA MACLEOD TRUSTEE 1.00
Director
$0 $0 $0
JOHN MCLAUGHLIN TRUSTEE 1.00
Director
$0 $0 $0
KEVIN BAUER CFO & TREASURER 2.00
Officer
$0 $591,410 $1,181,331
SHARI LISS SECRETARY & EXECUTIVE DIRECTOR 32.00
Officer
$0 $263,724 $602,220
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
2024 No data No data No data No data
2023 $3,560,871 $2,689,806 $6,430,715 $871,065
2022 $386,431 $2,026,559 $4,857,090 $-1,640,128
2021 $319,512 $882,806 $5,642,365 $-563,294
2020 $591,745 $795,396 $6,466,648 $-203,651
2019 $1,797,761 $1,244,089 $6,981,014 $553,672
2018 $3,489,323 $710,222 $5,913,875 $2,779,101
Explore More Nonprofits
Top 100 Nonprofits in California Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare SEMI FOUNDATION with other nonprofits in California and across the country.