EIT DIGITAL SILICON VALLEY FOUNDAT… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2015

Legal Domicile

Principal Officer

FEDERICO MENNA

Phone

4153416614

Tax Period

2023-01-01 to 2023-12-31

EIT DIGITAL SILICON VALLEY FOUNDATION, founded in 2015, is a small nonprofit that reported $630K in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum.

Mission

TO BRING TOGETHER RESEARCHERS, ACADEMICS AND BUSINESS PEOPLE IN THE UNITED STATES AND EUROPE, LINKING THE KNOWLEDGE TRIANGLE MODEL EDUCATION, RESEARCH AND INDUSTRY ACROSS INTERNATIONAL BOUNDARIES TO EMPOWER ICT TALENT DEVELOPMENT FOR THE FUTURE AND BRING ICT INNOVATIONS TO LIFE FOR THE BENEFIT OF THE PUBLIC.

Program Service Accomplishments

Program 1

Expenses: $595,825 Revenue: $101,564

--EIT DIGITAL SILICON VALLEY HUB NATIONAL/REGIONAL SUPPORT: NATIONAL/REGIONAL SUPPORT PROGRAM AND RELATED EVENTS (E.G. SEC2SV AND EUROPESV).PROGRAM DETAILS: SUPPORT IN SILICON VALLEY FOR...

--EIT DIGITAL SILICON VALLEY HUB NATIONAL/REGIONAL SUPPORT: NATIONAL/REGIONAL SUPPORT PROGRAM AND RELATED EVENTS (E.G. SEC2SV AND EUROPESV).PROGRAM DETAILS: SUPPORT IN SILICON VALLEY FOR NATIONAL/REGIONAL INITIATIVES THAT INTEND TO CONNECT EUROPEAN INNOVATION ECOSYSTEMS TO SILICON VALLEY.--EIT DIGITAL ACCELERATOR SUPPORT IN SILICON VALLEY: CONTRIBUTIONS TO THE EIT DIGITAL ACCELERATOR. PROGRAM DETAILS: ACCESS-TO-MARKET SUPPORT FOR EUROPEAN SCALEUP COMPANIES THAT ARE INTERESTED IN DOING BUSINESS IN SILICON VALLEY.--EIT DIGITAL INDUSTRY ENGAGEMENT PROGRAM: SUPPORT FOR INDUSTRY PARTNERS, E.G. BY ORGANIZING HACKATHONS. PROGRAM DETAILS: ESTABLISHING LINKS BETWEEN SILICON VALLEY COMPANIES AND THE EUROPEAN INNOVATION ECOSYSTEM OF EIT DIGITAL, E.G. BY MEANS OF HACKATHONS.--EIT DIGITAL EDUCATION ACTIVITIES: STUDENT EXCHANGE AND COLLABORATION ON SPECIFIC EDUCATION PROGRAMS. PROGRAM DETAILS: RECRUITMENT OF US STUDENTS FOR EIT DIGITAL EDUCATION PROGRAMS IN EUROPE AND COLLABORATION ON SPECIFIC EDUCATION PROGRAMS, E.G. WITH UC BERKELEY AND COURSERA.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $523,588

Program Service Revenue $101,564

Investment Income $0

Other Revenue $4,427

TOTAL REVENUE $629,579

Expense Breakdown

Grants Paid $221,000

Salaries & Benefits $127,421

Fundraising Expenses $0

Program Expenses $595,825

Other Expenses $281,158

TOTAL EXPENSES $629,579

Year-over-Year Comparison

	2023	2022	Change
Revenue	$629,579	$514,698	+0.2%
Expenses	$629,579	$514,698	+0.2%
Net Income	$0	$0	N/A

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

Governance

Voting Members

Independent Members

N/A

Employees

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LINNAR VIIK	CHAIRMAN OF SUPERVISORY BOARD	0.50	Officer Director	$0	$0	$0
ANNE DE MOOR	SECRETARY	0.50	Officer	$0	$0	$0
DAVID BYRNE	CFO AND TREASURER	0.50	Officer	$0	$0	$0
FEDERICO MENNA	CEO AND PRESIDENT	0.50	Officer	$0	$0	$0
SAMIRA GHOLAMI-CURTIS	HEAD OF STARTUPS & INNOVATION ECOSYSTEMS	40.00	Highest	$115,747	$0	$115,747

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	$629,579	$629,579	$319,983	No data
2022	$514,698	$514,698	$656,626	No data
2021	$388,838	$388,838	$298,950	No data
2020	$679,521	$679,521	$270,620	No data
2019	$1,078,887	$1,078,887	$297,794	No data
2018	$1,015,042	$1,014,406	$399,305	$636

EIT DIGITAL SILICON VALLEY FOUNDATION