2025-11-17T07:29:26-06:00 2024-12-31 271155496 ROBERT LEE & ASSOCIATES LLP 999 W TAYLOR STREET STE A SAN JOSE CA 95126 990 2024-01-01 942460352 THE SILICON VALLEY LEADERSHIP GROUP SILI 4085017864 2460 N FIRST ST 260 SAN JOSE CA 95131 AHMAD THOMAS CEO 4085017864 2025-11-14 1 1 SCOTT R SMEAD P01208759 4088556770 2024 2025-03-06 01:10:19Z AHMAD THOMAS 2460 N FIRST ST 260 SAN JOSE CA 95131 4221475 0 X WWW.SVLG.ORG X 1977 CA TO IMPROVE THE GENERAL BUSINESS CONDITIONS AND QUALITY OF LIFE IN AND AROUND SILICON VALLEY. 54 53 17 400 0 0 22400 0 4037937 4221304 -1617 171 0 0 4058720 4221475 0 0 0 0 3644630 2996033 0 0 66163 1055654 987557 4700284 3983590 -641564 237885 1708782 3313135 2796244 4162060 -1087462 -848925 X TO INVOLVE PRINCIPAL OFFICERS AND SENIOR MANAGERS OF MEMBER COMPANIES IN A COOPERATIVE EFFORT WITH LOCAL, REGIONAL, STATE, AND FEDERAL GOVERNMENT OFFICIALS TO ADDRESS MAJOR PUBLIC POLICY ISSUES AFFECTING THE ECONOMIC HEALTH AND QUALITY OF LIFE IN SILICON VALLEY. 0 0 3494697 CIVIC IMPACTAS PART OF SVLG'S CIVIC IMPACT CENTER OF EXPERTISE, EDUCATION AND WORKFORCE STAFF ADVANCED MULTIPLE INITIATIVES IN 2024 TO EXPAND DIVERSE TALENT PIPELINES. THROUGH THE SVLG STANFORD HBCU PROGRAM, A PARTNERSHIP CONNECTING STUDENTS FROM HISTORICALLY BLACK COLLEGES AND UNIVERSITIES TO SILICON VALLEY EMPLOYERS, SVLG GENERATED 14 INTERNSHIP AND NEW-GRAD APPLICATIONS FOR 40 COMPETITIVE ROLES WITH COMPANIES LIKE IBM, CADENCE, AND HNTB. AS PART OF THE BAY AREA K-16 COLLABORATIVE, A REGIONAL EMPLOYER EDUCATION PARTNERSHIP, WE ALSO HOSTED THREE WORKSITE VISITS THAT CONNECTED 70 STUDENTS AND FACULTY FROM CITY COLLEGE OF SAN FRANCISCO, CHABOT COLLEGE, AND EVERGREEN. TECHNOLOGY AND INNOVATIONTHE TECHNOLOGY + INNOVATION COMMITTEE'S MAIN EFFORTS INVOLVED ARTIFICIAL INTELLIGENCE (AI) MATTERS. THE COMMITTEE KEPT MEMBER COMPANIES ABREAST OF DEVELOPMENTS AT THE FEDERAL AND STATE LEVEL. THE LEADERSHIP GROUPS I-CAP INITIATIVE REGARDING AI POLICY ISSUES WAS ALSO UNDER THE AUSPICES OF THE COMMITTEE. THE LEADERSHIP GROUP OPPOSED CALIFORNIA LEGISLATION THAT WOULD HAVE BURDENED MEMBER COMPANIES WITH MANY REQUIREMENTS THAT WOULD HAVE MADE IT MUCH MORE DIFFICULT TO MAKE AI ADVANCES. WE MET WITH AI BILL AUTHORS TO SHARE MEMBER PERSPECTIVES. WE ALSO ORGANIZED OPPOSITION TO THE CALIFORNIA PRIVACY PROTECTION COMMISSION'S AGGRESSIVE RESTRICTIONS ON AI DEVELOPMENT THAT WERE FAR OUTSIDE THE COMMISSION'S JURISDICTION OVER PRIVACY ISSUES.WE CONTINUED ONGOING EFFORTS TO SUPPORT MEMBER COMPANY INTERESTS RELATED TO HEAVY-DUTY AUTONOMOUS VEHICLES. TAX POLICYDURING 2024, THE LEADERSHIP GROUP TAX COMMITTEE HAD MONTHLY MEETINGS DURING WHICH ACCOUNTING FIRMS MADE PRESENTATIONS ABOUT CURRENT TAX LAW AND POLICY TOPICS. IN ADDITION, THE LEADERSHIP GROUP SUPPORTED SEVERAL PIECES OF TAX LEGISLATION TO SIMPLIFY FILINGS, EXPAND BUSINESS-FOCUSED TAX CREDITS, AND ENHANCE BUSINESS COMPETITIVENESS. THE LEADERSHIP GROUP SUCCESSFULLY OPPOSED SEVERAL BILLS THAT WOULD HAVE IMPOSED NEW TAXES OR INCREASED COSTS FOR BUSINESS, HARMING THE COMPETITIVENESS OF THE INNOVATION ECONOMY.THE LEADERSHIP GROUP SUPPORTED SEVERAL PIECES OF TAX LEGISLATION TO SIMPLIFY FILINGS, EXPAND BUSINESS-FOCUSED TAX CREDITS, AND ENHANCE BUSINESS COMPETITIVENESS IN SILICON VALLEY. 3494697 0 0 0 1 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 11 0 17 1 0 0 0 0 0 0 0 0 0 0 X 54 53 0 0 0 0 1 0 1 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X THE SILICON VALLEY LEADERSHIP GROUP 4085017864 2460 N FIRST ST 260 SAN JOSE CA 95131 AHMAD THOMAS CEO 40.00 X X 555000 0 10350 JED YORK CHAIR 6.00 X X 0 0 0 ERIC YUAN VICE CHAIR 4.00 X X 0 0 0 JAMES GUTIERREZ VICE CHAIR 4.00 X X 0 0 0 VICTORIAVICKI HUFF ECKERT TREASURER 4.00 X X 0 0 0 AART DE GEUS EXECUTIVE BOARD MEMBER 4.00 X 0 0 0 AHMAD THOMAS EXECUTIVE BOARD MEMBER 4.00 X 0 0 0 ALAN LOWE EXECUTIVE BOARD MEMBER 4.00 X 0 0 0 KIM POLESE EXECUTIVE BOARD MEMBER 4.00 X 0 0 0 PAUL KING EXECUTIVE BOARD MEMBER 4.00 X 0 0 0 RAO MULPURI EXECUTIVE BOARD MEMBER 4.00 X 0 0 0 SHARON RYAN EXECUTIVE BOARD MEMBER 4.00 X 0 0 0 TOM WERNER EXECUTIVE BOARD MEMBER 4.00 X 0 0 0 VINTAGE FOSTER EXECUTIVE BOARD MEMBER 4.00 X 0 0 0 TONI VANWINKLE BOARD MEMBER 2.00 X 0 0 0 ANDREW HARRISON BOARD MEMBER 2.00 X 0 0 0 RAQUEL GONZALEZ BOARD MEMBER 2.00 X 0 0 0 STEVE CONLY BOARD MEMBER 2.00 X 0 0 0 JIGAR SHAH BOARD MEMBER 2.00 X 0 0 0 CARINA RUIZ SINGH BOARD MEMBER 2.00 X 0 0 0 DEAN FEALK BOARD MEMBER 2.00 X 0 0 0 TRAVIS KIYOTA BOARD MEMBER 2.00 X 0 0 0 DAVID CHUN BOARD MEMBER 2.00 X 0 0 0 LEE LAMBERT BOARD MEMBER 2.00 X 0 0 0 ALLEN NAPETIAN BOARD MEMBER 2.00 X 0 0 0 KEN GOLDMAN BOARD MEMBER 2.00 X 0 0 0 LAURA GUIO BOARD MEMBER 2.00 X 0 0 0 DAVID HEARD BOARD MEMBER 2.00 X 0 0 0 JAIME WONG BOARD MEMBER 2.00 X 0 0 0 STACY FELD BOARD MEMBER 2.00 X 0 0 0 ERIC HENRY BOARD MEMBER 2.00 X 0 0 0 BOBBY BELL BOARD MEMBER 2.00 X 0 0 0 RON LOPES BOARD MEMBER 2.00 X 0 0 0 DOUG GRAHAM BOARD MEMBER 2.00 X 0 0 0 ERIC KUTCHER BOARD MEMBER 2.00 X 0 0 0 JUAN SALAZAR BOARD MEMBER 2.00 X 0 0 0 JEFFREY JEFF THOMAS BOARD MEMBER 2.00 X 0 0 0 STACY OWEN BOARD MEMBER 2.00 X 0 0 0 TARKAN MANER BOARD MEMBER 2.00 X 0 0 0 CHRIS PATTERSON BOARD MEMBER 2.00 X 0 0 0 BRYAN MCLAUGHLIN BOARD MEMBER 2.00 X 0 0 0 WILLIAM BILL NAGEL BOARD MEMBER 2.00 X 0 0 0 CYNTHIA TENIENTE-MATSON BOARD MEMBER 2.00 X 0 0 0 JULIE SULLIVAN BOARD MEMBER 2.00 X 0 0 0 YAAD OREN BOARD MEMBER 2.00 X 0 0 0 ELIZABETHLIZZ VILARDO BOARD MEMBER 2.00 X 0 0 0 SAM COBBS BOARD MEMBER 2.00 X 0 0 0 PAPIA GAMBELIN BOARD MEMBER 2.00 X 0 0 0 CYNTHIA LARIVE BOARD MEMBER 2.00 X 0 0 0 RUDY REYES BOARD MEMBER 2.00 X 0 0 0 MATT ROSSIE BOARD MEMBER 2.00 X 0 0 0 ERIC HOUSER BOARD MEMBER 2.00 X 0 0 0 CYNTHIA TREGILLIS BOARD MEMBER 2.00 X 0 0 0 LAURA WILKINSON HIGHEST PAID EMPLOYEE 40.00 X 235000 0 0 DANIEL KOSTENBAUDER HIGHEST PAID EMPLOYEE 40.00 X 150000 0 7500 PETER LEROE-MUNOZ HIGHEST PAID EMPLOYEE 40.00 X 250000 0 11500 NADIA ANDERSON HIGHEST PAID EMPLOYEE 40.00 X 230000 0 0 1420000 0 29350 5 0 1 0 0 MEMBERSHIP DUES 900099 3633480 3633480 MISC. SPECIAL PROJECTS 900099 336818 336818 OTHER PROJECT INCOME 900099 251006 251006 4221304 171 171 4221475 4221304 0 171 X 1420000 1278000 113600 28400 1235612 1112051 98849 24712 71723 64551 5738 1434 105541 94987 8443 2111 163157 146841 13053 3263 11002 11002 442658 311376 131282 15957 15957 64087 53109 10626 352 281324 253192 22506 5626 26754 26754 4006 3555 341 110 7770 6993 622 155 25986 23387 2599 ADVOCACY FIRM 81885 81885 SPECIAL PROJECT EXPENSE 14779 14779 OTHER EXPENSES 7300 7280 20 BANK SERVICE CHARGES 4049 4049 3983590 3494697 422730 66163 194438 481017 375550 182116 1947500 1974 1674 67198 66417 8550 781 1035125 793192 1708782 3313135 504245 494950 978930 2097500 1313069 1569610 2796244 4162060 X -1127462 -848925 40000 0 -1087462 -848925 1708782 3313135 237885 652 0 X 0 0 0 0 0 1 3558480 81885 -1392269 -1310384 533772 -1844156 66179 65398 781 1019 1019 0 781 DEPOSITS 26145 OPERATING LEASE RIGHT OF USE ASSET 767047 793192 OPERATING LEASE LIABILITIES 819610 NOTE PAYABLE - FACILITY 750000 1569610 X PART X, LINE 2: THE GROUP EVALUATES ITS UNCERTAIN TAX POSITIONS AND WILL RECOGNIZE A LOSS CONTINGENCY WHEN IT IS PROBABLE THAT A LIABILITY HAS BEEN INCURRED AS OF THE DATE OF THE FINANCIAL STATEMENTS AND THE AMOUNT OF THE LOSS CAN BE REASONABLY ESTIMATED. THE AMOUNT RECOGNIZED IS SUBJECT TO ESTIMATE AND MANAGEMENT JUDGMENT WITH RESPECT TO THE LIKELY OUTCOME OF EACH UNCERTAIN TAX POSITION. THE AMOUNT THAT IS ULTIMATELY SUSTAINED FOR AN INDIVIDUAL UNCERTAIN TAX POSITION OR FOR ALL UNCERTAIN TAX POSITIONS IN THE AGGREGATE COULD DIFFER FROM THE AMOUNT RECOGNIZED. AS OF DECEMBER 31, 2024 MANAGEMENT DID NOT IDENTIFY ANY UNCERTAIN TAX POSITIONS. SCHEDULE D PART IX AND PART X AND FORM 990 PART X THE GROUP LEASES A BUILDING FOR OPERATIONS UNDER AN OPERATING LEASE. THE DETERMINATION OF WHETHER AN ARRANGEMENT IS A LEASE IS MADE AT THE LEASE'S INCEPTION. UNDER ACCOUNTING STANDARDS CODIFICATION 842, A CONTRACT IS (OR CONTAINS) A LEASE IF IT CONVEYS THE RIGHT TO CONTROL THE USE OF AN IDENTIFIED ASSET FOR A PERIOD OF TIME IN EXCHANGE FOR CONSIDERATION. THE GROUP ADOPTED THE NEW LEASE STANDARD UTILIZING THE MODIFIED RETROSPECTIVE TRANSITION METHOD, UNDER WHICH AMOUNTS IN PRIOR PERIODS WERE NOT RESTATED. THE GROUP ELECTED TO ADOPT THIS ASU METHOD EFFECTIVE JANUARY 1, 2022, AND UTILIZED ALL OF THE AVAILABLE PRACTICAL EXPEDIENTS. THE ADOPTION HAD A MATERIAL IMPACT ON THE GROUP'S STATEMENTS OF FINANCIAL POSITION BUT DID NOT HAVE A MATERIAL IMPACT ON THE STATEMENT OF ACTIVITIES OR FUNCTIONAL EXPENSES. THE MOST SIGNIFICANT IMPACT WAS THE RECOGNITION OF ROU ASSETS AND LEASE LIABILITIES FOR OPERATING LEASES. SCHEDULE D PART X AMOUNT DUE TO FOUNDATION PAID IN FULL 2024. X X X 0 0 0 AHMAD THOMAS CEO 555000 0 0 0 0 0 10350 0 0 0 565350 0 0 0 PETER LEROE-MUNOZ HIGHEST PAID EMPLOYEE 243144 0 0 0 6856 0 11500 0 0 0 261500 0 0 0 LAURA WILKINSON HIGHEST PAID EMPLOYEE 235000 0 0 0 0 0 0 0 0 0 235000 0 0 0 NADIA ANDERSON HIGHEST PAID EMPLOYEE 227177 0 0 0 2823 0 0 0 0 0 230000 0 0 0 DANIEL KOSTENBAUDER HIGHEST PAID EMPLOYEE 150000 0 0 0 0 0 7500 0 0 0 157500 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS 54 MEMBERS. FORM 990, PART VI, SECTION A, LINE 7B DECISIONS MADE BY THE GOVERNING BODY ARE SUBJECT TO APPROVAL BY MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S CPA PREPARES AND PROVIDES A DRAFT OF THE FORM 990 TO THE ORGANIZATION'S MANAGEMENT. MANAGEMENT APPROVES THE DRAFT AND DISSEMINATES TO THE BOARD OF DIRECTORS PRIOR TO FILING THE FORM 990. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION HAS AN ANNUAL PROCESS FOR THE BOARD OF DIRECTORS TO DISCLOSE ALL INTERESTS IN OTHER COMPANIES AND ORGANIZATIONS TO ENSURE COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE ADVISORY COMMITTEE OF THE BOARD REVIEWS THE CEO'S ANNUAL SALARY. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G OUTSIDE SERVICES: PROGRAM SERVICE EXPENSES 311,376. MANAGEMENT AND GENERAL EXPENSES 131,282. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 442,658. THE SILICON VALLEY LEADERSHIP GROUP FOUNDATION 2001 GATEWAY PLACE SUITE 101E SAN JOSE CA 95110 912140464 ORGANIZER OF COMMUNITY RACES THAT GENERATE INCOME USED TO SUPPORT LOCAL NPOS CA 501(C)(3) 170(B)(1)(A)(VI) N/A 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 1 0 SILICON VALLEY LEADERSHIP GROUP FOUNDATION N 25209 FAIR VALUE