The Silicon Valley Leadership Group Foundation

EIN: 912140464 501(c)(3) Environment

San Jose, CA

Total Revenue
$1,149,255
Total Expenses
$1,270,941
Total Assets
$1,468,071
Net Assets
$746,474
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
CA
Principal Officer
Ahmad Thomas
Phone
4084534750
Tax Period
2023-01-01 to 2023-12-31

The Silicon Valley Leadership Group Foundation, founded in 2002, is a community nonprofit in the Environment sector that reported $1.1M in total revenue in fiscal year 2023. Revenue surged 105% from the prior year, signaling strong growth momentum. Expenses of $1.3M exceeded revenue, resulting in a 11% operating deficit.

Mission

To tackle issues that will help Silicon Valley remain the international capital of innovation, with a healthy business climate and great quality of life for its workers.

Program Service Accomplishments

Program 1
Expenses: $1,026,385

The Foundation conducts several events and initiatives under one program, as outlined below:Applied Materials Silicon Valley Turkey Trot - The Applied Materials Silicon Valley Turkey Trot supports...

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The Foundation conducts several events and initiatives under one program, as outlined below:Applied Materials Silicon Valley Turkey Trot - The Applied Materials Silicon Valley Turkey Trot supports local charitable organizations, including the Healthier Kids Foundation, Housing Trust Silicon Valley, Second Harvest Silicon Valley, Second Harvest Food Bank of Santa Cruz County, and The Health Trust. Founded in 2005, this event has raised over $10 million to support community members in need and is the largest Thanksgiving Day race in the United States.Lam Research Heart & Soles Run - In collaboration with the Santa Clara County Office of Education, the Silicon Valley Leadership Group Foundation established the Heart & Soles Run/Walk event to promote childrens health and wellness in Silicon Valley. Lam Research serves as the Title Sponsor, and since the events founding in 2014, it has raised over $800,000 to support the Foundations health initiatives.Santa Run Silicon Valley - The Santa Run Silicon Valley supports Christmas in the Park and Downtown Ice, two beloved San Jose holiday traditions. The event has raised over $400,000 to sustain these community events and has also collected nearly 2,000 children's books over five years for Reading Partners. This festive 5K Run/Walk invites participants to dress as holiday characters, with the race finishing at Christmas in the Park, where participants enjoy seasonal treats like milk and cookies.Hire Learning - Launched in 2018 as "Community College to Career and now known as Hire Learning, this initiative connects Leadership Group member companies, Silicon Valley community colleges, and partner nonprofits. It has provided over 2,000 work-based learning, career exposure, and hiring opportunities to community college students. Hire Learning focuses on expanding access to career opportunities, diversifying the STEM workforce pipeline, and helping students gain entry into innovative industries.

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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 $644,841
Program Service Revenue $0
Investment Income $889
Other Revenue $503,525
TOTAL REVENUE $1,149,255

Expense Breakdown

Grants Paid $561,838
Salaries & Benefits $459,820
Fundraising Expenses $0
Program Expenses $1,026,385
Other Expenses $249,283
TOTAL EXPENSES $1,270,941

Year-over-Year Comparison

2023 2022 Change
Revenue $1,149,255 $560,372 +1.1%
Expenses $1,270,941 $460,361 +1.8%
Net Income $-121,686 $100,011 -2.2%
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
14
Independent Members
13
Employees
5
Volunteers
500

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
4
$183,009
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Chris Weiler Race Director 40.00
Officer
$160,200 $22,809 $183,009
Kim Fennell Board chair 1.00
Officer Director
$0 $0 $0
Michelle VonderHaar Secretary 1.00
Officer Director
$0 $0 $0
Tom Hayse Treasurer 1.00
Director
$0 $0 $0
Nadia Ahmad Board member 1.00
Director
$0 $0 $0
Ernestine Fu Board member 1.00
Director
$0 $0 $0
Janikke Klem Board member 1.00
Director
$0 $0 $0
Jenni Luke Board member 1.00
Director
$0 $0 $0
Jacob Martinez Board member 1.00
Director
$0 $0 $0
Kathleen King Board member 1.00
Director
$0 $0 $0
Charlotta Carter Board member 1.00
Director
$0 $0 $0
Sonu Ratra Board member 1.00
Director
$0 $0 $0
Jim Snell Board member 1.00
Director
$0 $0 $0
Vishal Verma Board member 1.00
Director
$0 $0 $0
Kyra Whitten Board member 1.00
Director
$0 $0 $0
Ahmad Thomas Executive Dir. 8.00
Officer 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
2024 No data No data No data No data
2023 $1,149,255 $1,270,941 $1,468,071 $-121,686
2022 $560,372 $460,361 $1,446,426 $100,011
2021 $806,871 $812,782 $1,602,617 $-5,911
2020 $2,794,579 $2,702,896 $1,879,790 $91,683
2019 $1,205,662 $1,110,605 $1,847,875 $95,057
2018 $1,278,313 $1,146,407 $1,781,459 $131,906
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