Synopsys Silicon Valley Science & Technology Outreach Foundation
- Assets
- $591.4k
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Los Gatos, CA
- Founding
- 12/2000
- Data as of
- 12/2023
- EIN
- 77-0520414
Organization Overview
Synopsys Silicon Valley Science & Technology Outreach Foundation is located in Los Gatos, CA. The organization was established in 2000. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Synopsys Silicon Valley Science & Technology Outreach 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 12/2023, Synopsys Silicon Valley Science & Technology Outreach Foundation generated $1.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $1.2m during the year ending 12/2023. While expenses have increased by 3.0% 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.
Since 2016, Synopsys Silicon Valley Science & Technology Outreach Foundation has awarded 515 individual grants totaling $3,363,769. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCIENCE PROJECT SUPPORT: THE SYNOPSYS OUTREACH FOUNDATION COLLABORATES WITH GREATER BAY AREA STAKEHOLDERS AND COMMUNITY PARTNERS TO PROVIDE EQUITABLE AND INCLUSIVE OPPORTUNITIES IN PROJECT-BASED STEM.
SCIENCEPALOOZA!: THE FOUNDATION PRESENTS AN ANNUAL EVENT, HOSTING EAST SIDE ALLIANCE FAMILIES TO EXPLORE STEM PATHWAYS (THROUGH HANDS-ON ACTIVITIES) AT SAN JOSE STATE UNIVERSITY AND BEYOND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Erin Guzman Chairman | 1 | $0 | |
Erika Varga Mcenroe Secretary | 1 | $0 | |
Dana Ditmore Director | 1 | $0 | |
Lauren Foote Ceo/pres. | 1 | $150,000 | |
Jen Kirkendall Om | 1 | $51,154 | |
Vern Caruz Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,190,738 |
| Interest on Savings | $49 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $43,198 |
| Total Revenue | $1,233,985 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $216,654 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $39,823 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $3,631 |
| Printing and publications | $0 |
| Other expenses | $373,632 |
| Total operating and administrative expenses | $648,941 |
| Contributions, gifts, grants paid | $596,529 |
| Total expenses and disbursements | $1,245,470 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $565,252 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $26,112 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $591,364 |
| Accounts payable and accrued expenses | $3,677 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,677 |
Grants Awarded
Over the last fiscal year, Synopsys Silicon Valley Science & Technology Outreach Foundation has awarded $596,529 in support to 36 organizations.
| Grant Recipient | Amount |
|---|---|
ESUHSDEF PURPOSE: STEM OPPORTUNITY FUND - FAIR SPONSORSHIP | $80,000 |
MONTEREY COUNTY OFFICE OF EDUCATION PURPOSE: STEM OPPORTUNITY FUND - FAIR SPONSORSHIP | $15,000 |
SCVSEFA PURPOSE: SYNOPSYS CHAMPIONSHIP | $75,000 |
CHRISTOPHER ELEMENTARY SCHOOL PURPOSE: STEM OPPORTUNITY FUND | $275 |
SONOMA COUNTY OFFICE OF EDUCATION PURPOSE: STEM OPPORTUNITY FUND - FAIR SPONSORSHIP | $22,500 |
LYNDALE ELEMENTARY PURPOSE: STEM OPPORTUNITY FUND | $1,200 |