Breakthrough Silicon Valley
- Assets
- $3.2m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 48
- Location
- San Jose, CA
- Founding
- 04/2009
- Data as of
- 05/2023
- EIN
- 26-2168102
Organization Overview
Breakthrough Silicon Valley is located in San Jose, CA. The organization was established in 2009. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 05/2023, Breakthrough Silicon Valley employed 48 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Breakthrough Silicon Valley 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 05/2023, Breakthrough Silicon Valley generated $3.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.0% each year. All expenses for the organization totaled $2.5m during the year ending 05/2023. While expenses have increased by 10.7% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PREPARE ACADEMICALLY MOTIVATED STUDENTS WITH LIMITED EDUCATIONAL OPPORTUNITIES FOR SUCCESS IN RIGOROUS COLLEGE-PREPARATORY HIGH SCHOOL PROGRAMS AND ENTRY INTO FOUR-YEAR COLLEGES AND PREPARE HIGH SCHOOL AND COLLEGE STUDENTS TO ENTER CAREERS IN EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
7-9TH GRADE SUMMER PROGRAM -
HIGH SCHOOL AND ALUMNI PROGRAM -
MIDDLE SCHOOL SCHOOL YEAR PROGRAM -
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ellen Lintz Dempsey Chair | Trustee | 3 | $0 |
Bianca Fischli Governance Chair | Trustee | 3 | $0 |
Christine Kennedy Vice Chair | Trustee | 3 | $0 |
Eric Manuevo Secretary | Trustee | 3 | $0 |
Griselda Panozo Treasurer | Trustee | 3 | $0 |
Allison Railo Development Chair | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $726,157 |
| Related organizations | $0 |
| Government grants | $181,944 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,202,953 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,111,054 |
| Total Program Service Revenue | $24,000 |
| Investment income | $17,909 |
| 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 | $3,152,963 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $80,570 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $177,682 |
| Compensation of current officers, directors, key employees. | $71,073 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,291,772 |
| Pension plan accruals and contributions | $25,667 |
| Other employee benefits | $120,412 |
| Payroll taxes | $121,682 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $81,887 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $64,200 |
| Fees for services: Investment Management | $3,980 |
| Fees for services: Other | $15,806 |
| Advertising and promotion | $2,589 |
| Office expenses | $16,867 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $7,632 |
| Travel | $21,679 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $22 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $30,131 |
| All other expenses | $68,074 |
| Total functional expenses | $2,543,923 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $739,674 |
| Savings and temporary cash investments | $544,995 |
| Pledges and grants receivable | $1,019,466 |
| Accounts receivable, net | $18,500 |
| 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 | $22,007 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $808,095 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,152,737 |
| Accounts payable and accrued expenses | $162,075 |
| 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 | $0 |
| Total liabilities | $162,075 |
| Net assets without donor restrictions | $1,946,542 |
| Net assets with donor restrictions | $1,044,120 |
| 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 | $3,152,737 |