Real Estate Trust At Silicon Valley Community Foundation
- Assets
- $24.5m
- Revenue
- $1.3m
- Investments
- $1.1m
- Employees
- 0
- Location
- Mountain View, CA
- Founding
- 11/2003
- Data as of
- 12/2021
- EIN
- 04-3701887
Organization Overview
Real Estate Trust At Silicon Valley Community Foundation is located in Mountain View, CA. The organization was established in 2003. According to its NTEE Classification (T11) the organization is classified as: Single Organization Support, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Real Estate Trust At Silicon Valley Community Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Real Estate Trust At Silicon Valley Community Foundation generated $1.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (32.6%) each year. All expenses for the organization totaled $1.6m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT THE SILICON VALLEY COMMUNITY FOUNDATION BY FACILITATING GIFTS OF REAL PROPERTY AND ENGAGING IN THE SAME CHARITABLE PURPOSES AS THE SILICON VALLEY COMMUNITY FOUNDATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION ACCEPTS GIFTS OF PROPERTY THAT ARE SOLD AND THE PROCEEDS ARE USED FOR CHARITABLE PURPOSES. LOCAL NONPROFITS THAT HAVE DONORS WHO WOULD LIKE TO GIVE REAL ESTATE BUT DO NOT HAVE THE RESOURCES TO ACCEPT REAL ESTATE GIFTS MAY WORK WITH THE ORGANIZATION WHICH WILL ACCEPT, LIQUIDATE, AND SEND THE REAL ESTATE PROCEEDS TO THE NONPROFIT.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Assistant Treasurer | Officer | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $445,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $880,000 |
| Noncash contributions included in lines 1a–1f | $880,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,325,000 |
| Total Program Service Revenue | $0 |
| Investment income | $1,866 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,326,966 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $923,012 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $117,643 |
| Fees for services: Accounting | $3,278 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,132 |
| Fees for services: Other | $1,874 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $13,039 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $17,819 |
| All other expenses | $0 |
| Total functional expenses | $1,552,907 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $23,430,185 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,059,496 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $24,489,681 |
| Accounts payable and accrued expenses | $1,017,123 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,711,956 |
| Total liabilities | $2,729,079 |
| Net assets without donor restrictions | $21,760,602 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $24,489,681 |
Grants Awarded
Over the last fiscal year, Real Estate Trust At Silicon Valley Community Foundation has awarded $923,012 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Mountain View, CA PURPOSE: General Nonprofit Support | $758,589 |
Mountain View, CA PURPOSE: General Nonprofit Support | $164,423 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Real Estate Trust At Silicon Valley Community Foundation has recieved totaling $445,000.
| Awarding Organization | Amount |
|---|---|
Sobrato Foundation Mountain View, CA PURPOSE: General Nonprofit Support | $445,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Neubauer Family Charitable Trust Mountain View, CA | $307,054,683 | $23,995,522 |
Donald B Tanklage And Carole F Tanklage Foundation Novato, CA | $0 | $160,782 |
Pih Health Inc Whittier, CA | $139,222,706 | $19,647,393 |
The Polis Schutz Family Foundation San Diego, CA | $0 | $260,315 |
Tikun Olam Foundation Los Angeles, CA | $90,556,232 | $8,190,584 |
Burton Family Foundation Phoenix, AZ | $142,839,047 | $129,470,588 |
The Reddere Foundation CO Silicon Valley Community Foundation C/O Silicon Valley Community Foundation Mountain View, CA | $1,000 | $363,994 |
California State University Foundation Long Beach, CA | $50,863,822 | $7,787,647 |
Friends Of South Central Losangeles Regional Center For Develop Los Angeles, CA | $80,196,128 | $6,156,555 |
The James B Mcclatchy Foundation Sacramento, CA | $57,491,792 | $3,443,288 |
Bernard A Newcomb Foundation Mountain View, CA | $29 | $26,230 |
Fairbrook Foundation Los Angeles, CA | $45,940,000 | $4,530,945 |