SILICON VALLEY SOCIAL VENTURE FUND - SV2

EIN: 510644783 501(c)(3) Philanthropy & Grantmaking

REDWOOD CITY, CA

Total Revenue
$2,289,044
Total Expenses
$1,713,986
Total Assets
$2,391,900
Net Assets
$1,929,500
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Financial Trends

Organization Details

Formation Year
2007
Legal Domicile
CA
Principal Officer
KWOK LAU
Phone
6505268171
Tax Period
2023-07-01 to 2024-06-30

SILICON VALLEY SOCIAL VENTURE FUND - SV2, founded in 2007, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $2.3M in total revenue in fiscal year 2023. Revenue surged 31% from the prior year, signaling strong growth momentum. The organization ran a surplus of $575K, a strong 25% operating margin.

Mission

Silicon Valley Social Venture Funds (SV2) mission is to unleash the talents and resources of the Silicon Valley community to achieve meaningful social impact. SV2 works to build the organizational capacity of our Nonprofit Grantees and Impact Investees and the philanthropic capacity of our donors (called Partners). SV2 does this through engaged Grantmaking, Impact Investing, and Immersive Learning Sessions in a number of issue areas with funds contributed by our Donor Partners.

Program Service Accomplishments

Program 1
Expenses: $902,227

Experiential Grantmaking & Impact Investing:SV2 Partners pool their charitable contributions and then work together to identify and select high-potential Grantees and Impact Investees from among...

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Experiential Grantmaking & Impact Investing:SV2 Partners pool their charitable contributions and then work together to identify and select high-potential Grantees and Impact Investees from among local nonprofits and early-stage companies with a social or environmental impact mission. Grantees and Investees receive unrestricted funding in order to scale their ability to achieve their missions and contribute to a Bay Area and world where everyone thrives. In 2023-24, SV2 made four multi-year, general operating support grants to Bay Area nonprofits. Two of these grants were to nonprofits focused on mental health and wellbeing, and two of these grants were to nonprofits focused on using technology for social good. SV2 also conducted its ninth year of impact investing, in which Partners performed due diligence and recommended six mission-driven companies in which SV2 made investments. Data suggests that, as a result of their engagement in SV2 programming, 96% of Partners increased their level of knowledge about local community needs and solutions, 82% of Partners felt an increase in ability to conduct effective due diligence on social impact organizations, and 78% of Partners experienced increased confidence in practicing effective giving.

Program 2
Expenses: $353,352 Revenue: $60,000

LEARNING PROGRAMS: PARTNER PHILANTHROPY EDUCATION AND GRANTEE LEARNING:IN ADDITION TO LEARNING-ORIENTED GRANT ROUNDS, SV2 HOSTS REGULAR LEARNING EVENTS AT WHICH PARTNERS AND GRANTEES/IMPACT INVESTEES...

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LEARNING PROGRAMS: PARTNER PHILANTHROPY EDUCATION AND GRANTEE LEARNING:IN ADDITION TO LEARNING-ORIENTED GRANT ROUNDS, SV2 HOSTS REGULAR LEARNING EVENTS AT WHICH PARTNERS AND GRANTEES/IMPACT INVESTEES BUILD KNOWLEDGE AND SKILLS FOR WORKING IN THE SOCIAL IMPACT SPACE. THEY HEAR FROM SOCIAL SECTOR AND COMMUNITY LEADERS WHO SHARE THEIR EXPERIENCES AND LESSONS LEARNED. IN-DEPTH WORKSHOPS AND IMMERSIVE LEARNING TRIPS PROVIDE NEW SKILLS, UNDERSTANDING OF LOCAL ISSUES, AND OPPORTUNITIES FOR SV2 COMMUNITY MEMBERS TO CONNECT WITH AND LEARN FROM ONE ANOTHER. ALL PARTNERS AND GRANTEES/INVESTEES ARE INVITED TO PARTICIPATE.

Program 3
Expenses: $119,070

Innovation and R&D:SV2 extends its impact through field leadership (speaking, writing, social media), hosting major community-wide events, spearheading regular communications across our network, and...

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Innovation and R&D:SV2 extends its impact through field leadership (speaking, writing, social media), hosting major community-wide events, spearheading regular communications across our network, and building strategic partnerships with social impact-focused organizations.

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,101,791
Program Service Revenue $60,000
Investment Income $99,384
Other Revenue $27,869
TOTAL REVENUE $2,289,044

Expense Breakdown

Grants Paid $592,992
Salaries & Benefits $820,096
Fundraising Expenses $73,067
Program Expenses $1,374,649
Other Expenses $300,898
TOTAL EXPENSES $1,713,986

Year-over-Year Comparison

2023 2022 Change
Revenue $2,289,044 $1,752,898 +0.3%
Expenses $1,713,986 $2,135,470 -0.2%
Net Income $575,058 $-382,572 -2.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
19
Independent Members
19
Employees
5
Volunteers
60

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
5
$364,766
Total Directors
19
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID ONEK CEO 40.00
Officer
$224,700 $0 $224,700
ANNE J CHANG 85 FTE COO 34.00
Officer
$122,718 $17,348 $140,066
AMY BADIANI DIR COMM ENGAGEMNT 40.00
$116,987 $6,164 $123,151
ALISON ELLIOTT Director 3.00
Director
$0 $0 $0
CINDY LANG Director 3.00
Director
$0 $0 $0
LINDA PRIETO Director 3.00
Director
$0 $0 $0
LAURA ARRILLAGA-ANDREESSEN FOUNDER 3.00
Director
$0 $0 $0
GATANYA ARNIC Director 3.00
Director
$0 $0 $0
KERA JEWETT Director 3.00
Director
$0 $0 $0
JENNIFER MIN Director 3.00
Director
$0 $0 $0
KELLY POPE Director 3.00
Director
$0 $0 $0
DAVID DILL Director 3.00
Director
$0 $0 $0
LISA GUERRA Director 3.00
Director
$0 $0 $0
NANCY HEINEN Director 3.00
Director
$0 $0 $0
ZELICA RODRIGUEZ-DEAMS Director 3.00
Director
$0 $0 $0
REKHA PAI KAMATH Director 3.00
Director
$0 $0 $0
RACHEL KLAUSNER Secretary 3.00
Officer Director
$0 $0 $0
ROLLAND JANAIRO Director 3.00
Director
$0 $0 $0
KWOK LAU CHAIR 3.00
Officer Director
$0 $0 $0
CLARA ROA Director 3.00
Director
$0 $0 $0
PAUL WORK Treasurer 3.00
Officer Director
$0 $0 $0
GRACE MAH Director 3.00
Director
$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 $2,289,044 $1,713,986 $2,391,900 $575,058
2023 $1,752,898 $2,135,470 $2,066,657 $-382,572
2022 $1,729,206 $1,593,102 $2,310,779 $136,104
2021 $1,584,762 $1,523,717 $2,382,561 $61,045
2020 $1,605,854 $1,585,312 $2,129,593 $20,542
2019 $1,530,696 $1,603,978 $2,071,237 $-73,282
2018 $1,633,806 $1,397,519 $1,915,321 $236,287
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