2023-11-15T20:50:17-06:00 2022-12-31 932001788 BRYMAR CPA LLP 17 ASPEN WAY WATSONVILLE CA 95076 990 2022-01-01 770481921 HISPANIC FOUNDATION OF SILICON VALLEY HISP 4082167643 1961 THE ALAMEDA SAN JOSE CA 95126 RON GONZALES PRESIDENT & CEO 4082167612 2023-11-15 1 RON GONZALES 999009999 0 MICHAEL J BRYANT P01568974 8312881720 2023-11-15 0 AAL1 IAL1 2022 2023-04-26 12:10:37Z RON GONZALES 1961 THE ALAMEDA SAN JOSE CA 95126 3588723 0 X WWW.HFSV.ORG X 1998 CA INVESTING IN THE HEALTH, EDUCATION & LEADERSHIP OF THE HISPANIC COMMUNITY IN SILICON VALLEY. 13 13 9 40 0 0 2438717 3413808 38414 31867 2737 -17974 -21338 -88862 2458530 3338839 1511339 128641 0 0 765402 841134 0 0 360039 532864 710296 2809605 1680071 -351075 1658768 3474108 5468176 87850 423151 3386258 5045025 X THE HISPANIC FOUNDATION OF SILICON VALLEY IS DEDICATED TO EMPOWERING THE LIVES AND FUTURES OF LATINOS IN SILICON VALLEY THROUGH COMMUNITY PHILANTHROPY, INVESTMENT IN EDUCATIONAL EXCELLENCE, LEADERSHIP DEVELOPMENT, AND THE CONVENING AND ENGAGING OF THE REGION'S DYNAMIC HISPANIC COMMUNITY. 0 0 639113 602762 PROGRAM 1: HISPANIC FOUNDATION COLLEGE SUCCESS CENTERTHE HFCSP'S PRIMARY OBJECTIVES ARE TO CONTRIBUTE TO HIGHER HIGH SCHOOL GRADUATION RATES; IMPROVE COLLEGE READINESS, INCREASE STUDENT AND PARENT KNOWLEDGE ABOUT THE COLLEGE JOURNEY, GROWING NUMBERS OF STUDENTS ATTENDING COLLEGE; INCREASE COLLEGE GRADUATION RATES, AND INCREASE THE NUMBER OF LATINOS EMPLOYED IN THE HIGH TECH INDUSTRY.THE HISPANIC FOUNDATION COLLEGE SUCCESS CENTER (HFCSC), A HUB DESIGNED FOR LATINO YOUTHS AND PARENTS TO INCREASE EDUCATIONAL OPPORTUNITIES WAS OPENED (THE FIRST OF ITS KIND IN THE REGION). A ONE-STOP HUB THAT ENCAPSULATES OUR "CRADLE TO CAREER" COURSE OF ACTION EMPOWERING MIDDLE SCHOOL, HIGH SCHOOL, AND COLLEGE STUDENTS AND THEIR PARENTS TO EXCEL THROUGH EDUCATION EFFORTS. HFSC HELPS BOTH STUDENTS AND PARENTS OBTAIN INFORMATION ON COLLEGE ACCESS, ADVICE, GUIDANCE, WORKSHOPS, AND ONLINE RESOURCES." 290941 128641 278558 PROGRAM 2: LATINOS IN TECHONOLOGY SCHOLARSHIPTHE LATINOS IN TECHNOLOGY SCHOLARSHIP SUPPORTS LATINO COLLEGE STUDENTS IN 3 WAYS:FINANCIAL: WE FINANCIALLY SUPPORT THIRD AND FOURTH-YEAR LATINO STUDENTS WHO HAVE DECLARED A MAJOR IN A STEM-RELATED FIELD AT A 4-YEAR UNIVERSITY WITH SCHOLARSHIPS RENEWABLE FOR UP TO THREE YEARS.PROFESSIONAL DEVELOPMENT: ALL OF OUR LATINOS IN TECHNOLOGY SCHOLARS HAVE THE OPPORTUNITY TO PARTICIPATE IN OUR CAREER LAUNCH ACADEMY AND CONEXIONES MENTORSHIP PROGRAM TO DEVELOP THEMSELVES AS YOUNG PROFESSIONALS.INTERNSHIPS: WE ACTIVELY WORK TO PIPELINE OUR SCHOLARS INTO SUMMER INTERNSHIP PROGRAMS WITH OUR INVESTORS." 118384 105221 PROGRAM 3: LATINO BOARD LEADERSHIP ACADEMYCURRENTLY, FEWER THAN 3% OF LATINOS SERVE ON NONPROFIT BOARDS IN SILICON VALLEY. WE SEE THAT AS AN URGENT CALL TO ACTION. OUR LATINO BOARD LEADERSHIP ACADEMY RECRUITS, TRAINS, AND GUIDES LATINOS TO SERVE ON LOCAL BOARDSAN ESSENTIAL STEP TO ENSURING THAT INVALUABLE AND UNDERREPRESENTED VOICES ARE HEARD.LBLA IS A 10-WEEK HYBRID PROGRAM WHERE PARTICIPANTS WILL LEARN THE FOUNDATIONAL SKILLS NEEDED TO SUCCEED AS A NONPROFIT BOARD MEMBER.PARTICIPANTS WILL LEARN ABOUT VARIOUS NONPROFIT ORGANIZATIONS SEEKING TO DIVERSIFY AND ENHANCE THE REPRESENTATION OF THE COMMUNITY ON THEIR BOARD.PARTICPANTS WILL JOIN A NETWORK OF OVER 600 COMMITTED FELLOWS AND WILL HAVE THE OPPORTUNITY TO PARTICIPATE IN ALUMNI EVENTS. 46020 2352298 46020 2352298 1094458 1 1 0 0 0 0 0 0 0 0 1 1 0 1 1 1 1 0 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 14 0 1 9 0 0 0 0 0 0 0 0 0 0 0 X 13 13 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 CA X X X MARGARITA DEAVILA 4082167612 1961 THE ALAMEDA SAN JOSE CA 95126 ISAURA GAETA BOARD CHAIR 1.00 X X 0 0 0 BEATRIZ MEDINA PRATT VICE CHAIR 0.50 X X 0 0 0 STUARDO ROBLES 2ND VICE CHAIR 0.50 X X 0 0 0 STEVEN MARTINEZ BOARD TREASURER 0.50 X X 0 0 0 STEPHEN ADAMS BOARD MEMBER 0.50 X 0 0 0 MICHAEL ALVAREZ BOARD MEMBER 0.50 X 0 0 0 CARLOS BOHORQUEZ BOARD MEMBER 0.50 X 0 0 0 FEDERICO GOMEZ SCHUMACHER BOARD MEMBER 0.50 X 0 0 0 JUAN CUEVA BOARD MEMBER 0.50 X 0 0 0 KATIA MCCLAIN BOARD MEMBER 0.50 X 0 0 0 KRISTINA NILSSON BOARD MEMBER 0.50 X 0 0 0 LINDSEY NEWBERN BOARD MEMBER 0.50 X 0 0 0 MICHAEL WALLACE BOARD MEMBER 0.50 X 0 0 0 RON GONZALES PRESIDENT & CEO 40.00 X 201571 0 0 CLARA ROA CHIEF OPERATIONS AND DEVELOPMENT OFFICER 40.00 X 171600 0 0 373171 0 0 2 0 1 0 0 585029 393936 2434843 7206 3413808 LBLA TUITION AND FEES 611710 24381 24381 NONPROFIT REGISTRATION 611710 6506 6506 WORKSHOPS 611710 980 980 31867 16839 16839 10925 45738 -34813 -34813 -34813 115284 585029 204146 -88862 -88862 3338839 13893 0 -88862 48975 48975 79666 79666 366571 238271 47654 80646 363934 142544 48255 173135 58553 34637 6059 17857 52076 27729 5947 18400 8067 7231 836 20234 5119 7820 7295 14300 4707 974 8619 79271 49607 7516 22148 4561 1293 2087 1181 17950 12279 2221 3450 3466 1638 1043 785 PROGRAM SERVICE FEES 420783 414203 80 6500 PROFESSIONAL SERVICE FE 47982 1000 46827 155 FOOD 19395 7858 8751 2786 MISCELLANEOUS 16785 2063 6029 8693 57502 22869 27080 7553 1680071 1094458 225574 360039 3232659 29249 0 4176503 100000 17500 100787 68750 8791 12154 32897 13482 19080 19415 5582 777788 7209 366817 3474108 5468176 87850 52185 0 370966 87850 423151 X 1588624 1948639 1797634 3096386 3386258 5045025 3474108 5468176 X 1658768 -1 X 0 1 X 1 0 X 2430949 2153248 2463217 2438717 3413808 12899939 2430949 2153248 2463217 2438717 3413808 12899939 1943186 10956753 1194 752 5206 518 16839 24509 182662 249409 368970 445196 115284 1361521 14285969 284718 0.76700 0.80250 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 11535 6537 4998 21362 6945 14417 19415 INVESTMENTS 777788 C 777788 DEPOSITS 7209 RIGHT-OF-USE 359608 366817 CURRENT PORTION LEASE LIABILITIES 84712 LT PORTION OF LEASE LIABILITIES 286254 370966 X 3338839 0 3338839 0 3338839 1680071 0 1680071 0 1680071 PART X, LINE 2: IN ACCORDANCE WITH GAAP, AN ORGANIZATION MUST RECOGNIZE THE TAX BENEFIT ASSOCIATED WITH ANY TAX POSITIONS TAKEN FOR TAX RETURN PURPOSES WHEN IT IS MORE LIKELY THAN NOT THE POSITION WILL BE SUSTAINED. THE ORGANIZATION DOES NOT BELIEVE THERE ARE ANY MATERIAL UNCERTAIN TAX POSITIONS AND ACCORDINGLY, WILL NOT RECOGNIZE ANY LIABILITY OR BENEFIT FOR UNRECOGNIZED TAX POSITIONS. FOR THE YEARS ENDED DECEMBER 31, 2022 AND 2021, THERE WAS NO TAX RELATED INTEREST OR PENALTIES RECORDED OR INCLUDED IN THE FINANCIAL STATEMENTS. CA HISPANIC FOUNDATION BALL 646438 585029 61409 131092 54348 SAN JOSE SHARKS 52814 52814 15000 3706 1 1061 1061 700313 585029 115284 15000 131092 58054 204146 -88862 1 SVCF INSPIRE LLC 2440 WEST EL CAMINO REAL SUITE 300 MOUNTAIN VIEW CA 94040 205205488 501C3 48975 0 EDUCATIONAL 1 SCHOLARSHIPS 120 79666 PART IV - ADDITIONAL INFORMATION ALL PAYMENTS ARE PROVIDED TO THE SILICON VALLEY COMMUNITY FOUNDATION 501(C) 3 TO PROVIDE SCHOLARSHIPS. THE ELIGIBILITY FOR A SCHOLARSHIP ARE AS FOLLOWS: MUST BE OF A LATINO OR HISPANIC ORIGIN, HAVE A DECLARED MAJOR AND BEEN ACCEPTED INTO A STEM PROGRAM, COLLEGE STUDENTS ENTERING THEIR JUNIOR OR SENIOR YEAR AT A 4-YEAR COLLEGE, AND A 3.0 GPA. ADDITIONAL REQUIREMENTS CAN BE FOUND ON THE HISPANIC FOUNDATION WEBSITE. X 0 0 0 0 0 0 0 0 0 RON GONZALES PRESIDENT & CEO 201571 0 0 0 0 0 0 0 0 0 201571 0 0 0 CLARA ROA CHIEF OPERATIONS AND DEVELOPMENT OFF 171600 0 0 0 0 0 0 0 0 0 171600 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B ORGANIZATION'S PROCESS TO REVIEW FORM 990 THE FORM 990 IS BROUGHT TO THE BOARD OF DIRECTORS FOR APPROVAL. ONCE APPROVED, THE FORMS ARE FILED. FORM 990, PART VI, SECTION B, LINE 12C ORGANIZATION'S CONFLICT OF INTEREST POLICY STATES, "IT IS THE RESPONSIBILITY OF THE BOARD AND EMPLOYEES TO VOLUNTEER INFORMATION REGARDING POTENTIAL CONFLICTS OF INTEREST BEFORE PARTICIPATING IN ANY DISCUSSION OR NEGOTIATIONS RELATING TO THE ORGANIZATION." ANNUALLY BOARD MEMBERS AND EMPLOYEES ARE REQUIRED TO SIGN OFF ON A COPY OF THE CONFLICT OF INTEREST POLICY AND ADVISE THE ORGANIZATION OF ANY EXISTING OR POTENTIAL CONFLICTS OF INTEREST. THE CHAIR OF THE BOARD AND THE CEO ARE JOINTLY RESPONSIBLE FOR MONITORING THIS PROCESS. FORM 990, PART VI, SECTION B, LINE 15A PROCESS FOR TOP OFFICIAL THE CEO'S COMPENSATION IS SET ANNUALLY BY THE BOARD OF DIRECTORS. THE PROCESS BEGINS WITH A PERFORMANCE EVALUATION OF THE CEO'S PAST ACCOMPLISHMENTS. COMPENSATION IS BASED ON THE MARKET VALUE DETERMINED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS DISCLOSURE EXPLANATION ALL GOVERNING DOCUMENTS ARE CENTRALLY MAINTAINED IN THE FOUNDATION'S OFFICE. COPIES ARE MADE AVAILABLE UPON REQUEST IN EITHER "HARD OR SOFT" VERSION DEPENDING ON THE PREFERENCE OF THE REQUESTING PARTY. FORM 990, PART XI, LINE 9: ROUNDING -1.