2024-03-19T16:59:34-07:00 2023-06-30 262363334 PROPP CHRISTENSEN CANIGLIA LLP 9261 Sierra College Boulevard Roseville CA 95661 990 2022-07-01 510644783 SILICON VALLEY SOCIAL VENTURE FUND - SV2 SILI 6505268171 350 TWIN DOLPHIN DRIVE SUITE 103 REDWOOD CITY CA 94065 KWOK LAU BOARD CHAIR 2024-03-19 true KWOK LAU 999009999 true K JEFFREY DE LYSER CPA P00022269 9167512900 2 AAL1 IAL1 FAL1 2022 2023-04-26 12:10:37Z KWOK LAU 350 TWIN DOLPHIN DRIVE SUITE 103 REDWOOD CITY CA 94065 2271491 false X WWW.SV2.ORG X 2007 CA TO UNLEASH THE RESOURCES AND TALENTS OF THE SILICON VALLEY COMMUNITY TO ACHIEVE MEANINGFUL SOCIAL IMPACT. 17 17 5 60 0 1695263 1691802 0 12800 37328 21143 23768 1729206 1752898 664340 991325 0 651414 758264 0 148994 277348 385881 1593102 2135470 136104 -382572 2310779 2066657 517471 713759 1793308 1352898 X Silicon Valley Social Venture Funds (SV2) mission is to unleash the talents and resources of the Silicon Valley community to achieve meaningful social impact. SV2 works to build the organizational capacity of our Nonprofit Grantees and Impact Investees and the philanthropic capacity of our donors (called Partners). SV2 does this through engaged Grantmaking, Impact Investing, and Immersive Learning Sessions in a number of issue areas with funds contributed by our Donor Partners. false false 1273762 991325 Experiential Grantmaking & Impact Investing:SV2 Partners pool their charitable contributions and then work together to identify and select high-potential Grantees and Impact Investees from among local nonprofits and early stage companies with a social or environmental impact mission. Grantees and Investees receive unrestricted funding in order to scale their ability to achieve their missions and contribute to a Bay Area and world where everyone thrives.In 2022-23, SV2 made a multi-year, general operating support grant to a local collective impact initiative, Redwood City Together.This extraordinary $505,000 grant to Redwood City Together was approved by the full Board and funded via a planned expenditure of excess financial reserves built up over several years (causing SV2 to show expenses in excess of revenues of $382,572 for the year) to further SV2's impact in the community. The Community Initiative Grantee was selected by a Core Team of community leaders,SV2 Partners, and staff who made this grant decision on behalf of SV2. Having community leaders so deeply involved in shaping a grantmaking strategy and funding allocation is a significant step for SV2 towards participatory grantmaking, and is a way we are seeking to live our value of sharing power.In addition, SV2 made two multi-year, general operating support grants focused onclimate justice in the Bay Area. SV2 also conducted its eighth year of impact investing, in which Partners performed due diligence and selected eight mission-driven companies in which to make investments.Data suggests that, as a result of their engagement in SV2 programming, 98% ofPartners increased their level of knowledge about local community needs and solutions,98% of Partners have increased confidence in practicing effective giving, and 85%increased their ability to advance equitable practices in social impact. 284352 LEARNING PROGRAMS: PARTNER PHILANTHROPY EDUCATION AND GRANTEE LEARNING:IN ADDITION TO LEARNING-ORIENTED GRANT ROUNDS, SV2 HOSTS REGULAR LEARNING EVENTS AT WHICH PARTNERS AND GRANTEES/IMPACT INVESTEES BUILD KNOWLEDGE AND SKILLS FOR WORKING IN THE SOCIAL IMPACT SPACE. THEY HEAR FROM SOCIAL SECTOR AND COMMUNITY LEADERS WHO SHARE THEIR EXPERIENCES AND LESSONS LEARNED. IN-DEPTH WORKSHOPS AND IMMERSIVE LEARNING TRIPS PROVIDE NEW SKILLS, UNDERSTANDING OF LOCAL ISSUES, AND OPPORTUNITIES FOR SV2 COMMUNITY MEMBERS TO CONNECT WITH AND LEARN FROM ONE ANOTHER. ALL PARTNERS AND GRANTEES/INVESTEES ARE INVITED TO PARTICIPATE. 125097 Innovation and R&D:SV2 extends its impact through field leadership (speaking, writing, social media), hosting major community-wide events, spearheading regular communications across our network, and building strategic partnerships with social impact-focused organizations across the Bay Area and around the world. 37885 1721096 true true false false false false false false false false true false false false true false false false false false false false false false false false false true false true false false false false false false false false false false false false false false false false false true 5 0 false 5 true false false false false false false false 0 false false false false false false false X 17 17 false false false false false false false true true false false true true true true true true true true false CA X ANNE JOSEPHINE CHANG 6505268171 350 TWIN DOLPHIN DR STE 103 REDWOOD CITY CA 94065 DAVID ONEK CEO 40.00 0.00 X 230219 0 2302 ANNE JOSEPHINE CHANG COO 34.00 0.00 X 104054 0 28900 AMY BADIANI DIR COMM ENGAGEMNT 40.00 0.00 103348 0 7061 ALISON ELLIOTT Director 3.00 0.00 X 0 0 0 JAMES BASILE CHAIR 10.00 0.00 X X 0 0 0 LINDA PRIETO Director 3.00 0.00 X 0 0 0 LAURA ARRILLAGA-ANDREESSEN FOUNDER 3.00 0.00 X 0 0 0 GATANYA ARNIC Director 3.00 0.00 X 0 0 0 KERA JEWETT Director 3.00 0.00 X 0 0 0 KELLY POPE Director 3.00 0.00 X 0 0 0 DAVID DILL Director 3.00 0.00 X 0 0 0 LISA GUERRA Director 3.00 0.00 X 0 0 0 NANCY HEINEN Director 3.00 0.00 X 0 0 0 ZELICA RODRIGUEZ-DEAMS Director 3.00 0.00 X 0 0 0 REKHA PAI KAMATH Director 3.00 0.00 X 0 0 0 RACHEL KLAUSNER Director 3.00 0.00 X 0 0 0 KWOK LAU VC & Secretary 3.00 0.00 X X 0 0 0 CLARA ROA Director 3.00 0.00 X 0 0 0 PAUL WORK Treasurer 3.00 0.00 X X 0 0 0 GRACE MAH Director 3.00 0.00 X 0 0 0 437621 38263 3 false true false 0 1691802 10179 1691802 0 40463 40463 0 0 0 515458 518593 -3135 -3135 -3135 0 0 0 MISCELLANEOUS 900099 23768 23768 23768 1752898 61096 991325 991325 0 0 0 365475 259487 84060 21928 0 299922 212945 68981 17996 0 47462 36413 9160 1889 45405 32238 10443 2724 0 0 31203 31203 0 0 0 34259 12002 22256 1 0 0 0 0 38111 33919 3811 381 6528 5028 1235 265 0 12662 9598 2545 519 0 0 0 7702 6142 1491 69 MARKETING 117488 19903 1260 96325 PROGRAM EXPENSES 41624 41468 118 38 OTHER PROFESSIONAL FEES 18186 12893 4268 1025 IMPACT INVESTING 15921 15921 62197 31814 24549 5834 2135470 1721096 265380 148994 438077 1024690 0 0 0 0 0 0 0 16563 12535 67722 67722 0 1856139 1029432 0 0 0 0 2310779 2066657 18209 76821 450000 571000 49262 65938 517471 713759 X 1786308 1152898 7000 200000 1793308 1352898 2310779 2066657 -382572 -55391 -2447 X false false false X 1492041 1562714 1554777 1695264 1691802 7996598 0 0 1492041 1562714 1554777 1695264 1691802 7996598 0 7996598 37035 36016 20872 12798 40463 147184 0 4302 7335 21144 23768 56549 8200331 0.97520 0.97450 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 30022 30022 37700 37700 ACCRUED PAYROLL 11823 ACCRUED VACATION 54115 65938 true BRIGHTLINE DEFENSE PROJECT 1028A HOWARD ST SAN FRANCISCO CA 94103 331131608 501(c)(3) 80000 0 GENERAL OPERATING SUPPORT CLIMATE RESILIENT COMMUNITIES 3921 E BAYSHORE ROAD PALO ALTO CA 94303 881697378 501(c)(3) 80000 0 GENERAL OPERATING SUPPORT GRANTS EQUAL OR LESS THAN 5K 350 TWIN DOLPHIN DR STE 103 REDWOOD CITY CA 94065 501(c)(3) 26325 0 GENERAL OPERATING SUPPORT IMPACTASSETS 7135 WISCONSIN AVE STE 1000W BETHESDA MD 20814 262048480 501(c)(3) 300000 0 SUPPORT SOCIAL VENTURES REDWOOD CITY TOGETHER 1017 MIDDLEFIELD ROAD REDWOOD CITY CA 94063 946001116 170(c)(1) 505000 0 GENERAL OPERATING SUPPORT 5 0 Grantmaker's Description of How Grants are Used PART I, LINE 2 - THE ORGANIZATION REQUIRES ANNUAL GRANT REPORTS FROM ALL MULTI-YEAR GRANTEES. IN ADDITION, EACH GRANTEE IS PAIRED WITH ONE OR TWO PARTNER CHAMPION(S) WHO TOGETHER WITH A STAFF MEMBER, MEET WITH GRANTEES MULTIPLE TIMES A YEAR TO DISCUSS ORGANIZATIONAL GROWTH AND ACCOMPLISHMENTS, ALONG WITH ANY FURTHER NEEDS FROM SV2. THE GRANTMAKING AND IMPACT INVESTMENT REVIEW COMMITTEE OF THE BOARD REVIEWS THE GRANT REPORTS EACH YEAR BEFORE FUNDING IS CONTINUED TO ENSURE THAT GRANTS ARE BEING USED FOR PROPER PURPOSES. true X false false false true false false false false false DAVID ONEK CEO 230219 2302 232521 Form 990, Part III, Line 4d OTHER PROGRAM SERVICES 4: Innovation and R&D:SV2 extends its impact through field leadership (speaking, writing, social media), hosting major community-wide events, spearheading regular communications across our network, and building strategic partnerships with social impact-focused organizations across the Bay Area and around the world. Form 990, Part VI, Section B, Line 11b THE FORM 990 IS PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND A DRAFT IS SENT TO THE ORGANIZATION FOR REVIEW AND EXAMINATION BY THE CHIEF EXECUTIVE OFFICER AND BOARD FOR THEIR COMMENTS, QUESTIONS, AND SUGGESTED CHANGES. ONCE FINAL REVISIONS HAVE BEEN INCORPORATED AND MADE BY THE ACCOUNTING FIRM, the final draft is reviewed and approved by the finance committee. AN AUTHORIZATION IS PASSED FOR THE ACCOUNTING FIRM TO PROCESS, SIGN AND PROVIDE COPIES OF THE RETURNS TO THE DESIGNATED GOVERNMENTAL AGENCIES. A FINAL TAX RETURN COPY IS FORWARDED TO ALL BOARD MEMBERS. Form 990, Part VI, Section B, Line 12c THE ENFORCEMENT OF THE CONFLICT OF INTEREST POLICY IS THAT the Board reviews, fills out, and signs the Annual Disclosure Questionnaire form annually. The Nominating and Governance Chair reviews to ensure compliance. Form 990, Part VI, Section B, Line 15a NO DIRECTORS ARE COMPENSATED FOR THEIR SERVICES AS DIRECTORS. THE SALARY OF THE CHIEF EXECUTIVE OFFICER IS SET BY THE EXECUTIVE COMMITTEE OF THE BOARD (WHICH ALSO SERVES IN THE ROLE OF COMPENSATION COMMITTEE). THE EXECUTIVE COMMITTEE BENCHMARKS AGAINST A VARIETY OF EXTERNAL SOURCES AND REPORTS THAT HAVE DATA ON SALARY RANGES FOR SIMILAR NONPROFITS POSTED IN THE BAY AREA. Form 990, Part VI, Section B, Line 15b Team compensation is set by looking at a variety of external sources, both benchmarks when they are available as well as the salary ranges for similar nonprofit positions posted in the Bay Area. Form 990, Part VI, Section C, Line 19 THESE DOCUMENTS ARE AVAILABLE UPON REQUEST.