Civic Intelligence

Silicon Schools Fund Inc

EIN 45-4860788 • 501(c)3 • Oakland, CA

Profile

Our mission is to improve public education through finding, funding, and supporting cutting-edge blended learning schools in the bay area of california. The schools in our portfolio serve as labs of innovation and proof points for the broader field about what is possible in next generation schools.

827 Broadway 300Oakland, CA 94607

www.siliconschools.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

19th percentile

0.02x

Higher debt load relative to assets than 19% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

20th percentile

0.08x

Higher debt load relative to revenue than 20% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Net Margin

24th percentile

-4.6%

Higher net margin than 24% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

73rd percentile

$392,990

Higher top officer pay than 73% of similar nonprofits.

Top officer pay equals 4.8% of source-year revenue.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Asset Growth

33rd percentile

1.1%

Faster asset growth than 33% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Revenue Growth

53rd percentile

8.4%

Faster revenue growth than 53% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Assets

Up

$26,689,403

Up $293,882 (+1.1%) from 2023

Liabilities

Up

$642,055

Up $311,624 (+94%) from 2023

Net Assets

Down

$26,047,348

Down $17,742 (-0.1%) from 2023

Revenue

Up

$8,239,053

Up $638,265 (+8.4%) from 2023

Expenses

Up

$8,614,408

Up $667,931 (+8.4%) from 2023

Net Income

Down

-$375,355

Down $29,666 (-8.6%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$30M$20M$10M$0Assets 2012: $2,336,493Liabilities 2012: $11,683Net Assets 2012: $2,324,8102012Assets 2013: $6,104,159Liabilities 2013: $172,042Net Assets 2013: $5,932,1172013Assets 2014: $8,107,344Liabilities 2014: $81,764Net Assets 2014: $8,025,5802014Assets 2015: $9,778,953Liabilities 2015: $349,160Net Assets 2015: $9,429,7932015Assets 2016: $15,736,712Liabilities 2016: $327,943Net Assets 2016: $15,408,7692016Assets 2017: $18,036,817Liabilities 2017: $903,245Net Assets 2017: $17,133,5722017Assets 2018: $20,248,040Liabilities 2018: $1,172,806Net Assets 2018: $19,075,2342018Assets 2019: $24,054,725Liabilities 2019: $314,183Net Assets 2019: $23,740,5422019Assets 2020: $26,357,525Liabilities 2020: $428,482Net Assets 2020: $25,929,0432020Assets 2021: $28,590,142Liabilities 2021: $125,875Net Assets 2021: $28,464,2672021Assets 2022: $26,025,925Liabilities 2022: $292,446Net Assets 2022: $25,733,4792022Assets 2023: $26,395,521Liabilities 2023: $330,431Net Assets 2023: $26,065,0902023Assets 2024: $26,689,403Liabilities 2024: $642,055Net Assets 2024: $26,047,3482024

Highlighted filing

2024

Assets$26,689,403
Liabilities$642,055
Net Assets$26,047,348

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$15M$10M$5.0M$0-$5.0MRevenue 2012: $2,506,823Expenses 2012: $182,013Net Income 2012: $2,324,8102012Revenue 2013: $6,182,081Expenses 2013: $2,574,774Net Income 2013: $3,607,3072013Revenue 2014: $5,447,075Expenses 2014: $3,353,612Net Income 2014: $2,093,4632014Revenue 2015: $5,679,368Expenses 2015: $4,275,155Net Income 2015: $1,404,2132015Revenue 2016: $11,411,429Expenses 2016: $5,397,180Net Income 2016: $6,014,2492016Revenue 2017: $8,341,672Expenses 2017: $6,575,527Net Income 2017: $1,766,1452017Revenue 2018: $9,997,197Expenses 2018: $8,086,072Net Income 2018: $1,911,1252018Revenue 2019: $12,197,608Expenses 2019: $7,494,464Net Income 2019: $4,703,1442019Revenue 2020: $10,009,564Expenses 2020: $7,622,259Net Income 2020: $2,387,3052020Revenue 2021: $9,890,035Expenses 2021: $6,983,032Net Income 2021: $2,907,0032021Revenue 2022: $6,685,576Expenses 2022: $8,764,964Net Income 2022: -$2,079,3882022Revenue 2023: $7,600,788Expenses 2023: $7,946,477Net Income 2023: -$345,6892023Revenue 2024: $8,239,053Expenses 2024: $8,614,408Net Income 2024: -$375,3552024

Highlighted filing

2024

Revenue$8,239,053
Expenses$8,614,408
Net Income-$375,355

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$26.7$0.64$26.0$8.24$8.61$0.38
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$26.4$0.33$26.1$7.60$7.95$0.35
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$26.0$0.29$25.7$6.69$8.76$2.08
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$28.6$0.13$28.5$9.89$6.98$2.91
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$26.4$0.43$25.9$10.0$7.62$2.39
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$24.1$0.31$23.7$12.2$7.49$4.70
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$20.2$1.17$19.1$10.00$8.09$1.91
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$18.0$0.90$17.1$8.34$6.58$1.77
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.7$0.33$15.4$11.4$5.40$6.01
2015Detailed filing. Detailed filing data is available for this year.$9.78$0.35$9.43$5.68$4.28$1.40
2014Detailed filing. Detailed filing data is available for this year.$8.11$0.08$8.03$5.45$3.35$2.09
2013XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.10$0.17$5.93$6.18$2.57$3.61
2012Summary only. Only limited summary data is available for this year.$2.34$0.01$2.32$2.51$0.18$2.32
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 13, 2025
Return Version
2024v5.2
Gross Receipts
$8,255,450
Mission and Program Overview

Mission

Our mission is to improve public education through finding, funding, and supporting cutting-edge blended learning schools in the bay area of california. The schools in our portfolio serve as labs of innovation and proof points for the broader field about what is possible in next generation schools.

Support the launch of excellent new schools and innovative practices that improve education.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$23,492,328$23,162,915▼ $329,413
Cash and Non-Interest-Bearing Accounts$1,532,554$2,159,457▲ $626,903
Pledges and Grants Receivable$1,101,196$648,634▼ $452,562
Investments Program Related$0$175,000▲ $175,000
Savings and Temporary Cash Investments$41,244$0▼ $41,244
Land, Buildings, and Equipment, Net$8,388$9,418▲ $1,030
Prepaid Expenses and Deferred Charges$25,615$3,379▼ $22,236
Total Assets$26,395,521$26,689,403▲ $293,882
Other Assets Total$194,196$530,600▲ $336,404
Liabilities
Other Liabilities$85,617$484,306▲ $398,689
Accounts Payable and Accrued Expenses$154,758$113,972▼ $40,786
Deferred Revenue$90,056$43,777▼ $46,279
Total Liabilities$330,431$642,055▲ $311,624
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$24,963,894$25,398,714▲ $434,820
Net Assets With Donor Restrictions$1,101,196$648,634▼ $452,562
Total Net Assets Fund Balance$26,065,090$26,047,348▼ $17,742
Total Liabilities and Net Assets / Fund Balance$26,395,521$26,689,403▲ $293,882

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$9,418$37,232$46,650
Leasehold Improvements$0$746$746
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Caitrin WrightCEOFT$343,627$49,363$392,990
Kelly GarciaPartnerFT$251,517$47,229$298,746
Amy NgPartnerFT$183,500$15,128$198,628
Elena SaninPartnerFT$164,833$28,445$193,278
Robert SchwartzPartnerFT$132,586$28,628$161,214
Brian GreenbergDirector-$5,000-$5,000

Board Members and Trustees

NameTitle
Felix RuanoDirector
Grace VoorhisDirector
Kathleen DonohueDirector
Lisa Sobrato SonsiniDirector
Shauntel GarveyDirector
Tommy ChangDirector
John FisherTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Transcend EducationSchool Design Consulting159 LINCOLN AVE, Hastings On Hudson, NY 10706$398,350
Education First Consulting LLCSchool Design ConsultingPO BOX 22871, Seattle, WA 98122$121,490
Larson CommunicationsCommunications Consulting32158 CAMINO CAPISTRANO SUITE A-10, San Juan Capistrano, CA 92675$120,000
Revenue and Support

Revenue Composition

Contributions and Grants
$7,754,453
Program Service Revenue
$0
Investment Income
$484,600
Other Revenue
$0
All Other Contributions
$7,754,453
Change in Net Assets
$-375,355

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded1$499,496Fair Market Value (FMV)
Total Noncash Contributions1$499,496-

Audited Revenue Reconciliation

Revenue per Audited Statements
$8,217,585
Revenue Not Reported on Financial Statements
$21,468
Revenue Not Reported on Form 990
$357,613
Total Revenue per Audited Statements
$8,575,198
Total Revenue per Form 990
$8,239,053
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$6,036,344
Salaries, Compensation, and Employee Benefits$1,454,435
Other Expenses$1,123,629
Total Fundraising Expense$46,616
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$6,036,344--$6,036,344
Current Officers, Directors, Trustees, and Key Employees$925,067$133,105$30,469$1,088,641
Conferences and Meetings$587,159--$587,159
Other Salaries and Wages$211,157$30,383$6,955$248,495
Fees for Services Other$215,808$8,248$200$224,256
Occupancy$65,622$33,442$1,893$100,957
Payroll Taxes$65,055$9,454$2,038$76,547
Travel$72,307-$3,806$76,113
Fees for Services Accounting-$46,283-$46,283
Office Expenses$4,618$31,997$114$36,729
Other Employee Benefits$27,326$3,932$900$32,158
Fees for Service Investment Mgmnt Fees-$21,468-$21,468
Insurance-$20,060-$20,060
Pension Plan Contributions$7,302$1,051$241$8,594
Fees for Services Legal-$5,103-$5,103
Depreciation Depletion-$5,101-$5,101
Other Expenses-$400-$400
Total Functional Expenses$8,217,765$350,027$46,616$8,614,408

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$8,614,408
Expenses per Audited Statements$8,592,940
Total Expenses per Audited Statements$8,592,940
Expenses Not Reported on Financial Statements$21,468
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Summit Public SchoolsRedwood City, CA501(c)(3)To Support Operations of the School$591,061
Kipp Nor CalOakland, CA501(c)(3)To Support Operations of the School$384,948
Allegiance Steam AcademyChino, CA501(c)(3)To Support Operations of the School$375,424
Golden Charter AcademyFresno, CA501(c)(3)To Support Operations of the School$333,684
Rocketship EducationRedwood City, CA501(c)(3)To Support Operations of the School$237,250
American River Collegiate AcademyOrangevale, CA501(c)(3)To Support Operations of the School$217,211
Magnolia Public SchoolsLos Angeles, CA501(c)(3)To Support Operations of the School$200,000
Polytechnic AcademyHollister, CA501(c)(3)To Support Operations of the School$200,000
Unbound Stockton Community SchoolStockton, CA501(c)(3)To Support Operations of the School$200,000
Kairos Luminary Academy HsVacaville, CA501(c)(3)To Support Operations of the School$166,000
Capital College & Career AcademySacramento, CA501(c)(3)To Support Operations of the School$150,000
EdnovateLos Angeles, CA501(c)(3)To Support Operations of the School$150,000
Fortune SchoolSacramento, CA501(c)(3)To Support Operations of the School$150,000
Instruction PartnersNashville, TN501(c)(3)To Support Operations of the School$150,000
Relay GseNew York, NY501(c)(3)To Support Operations of the School$150,000
East Bay Innovation AcademyOakland, CA501(c)(3)To Support Operations of the School$127,228
Arizona State University FoundationTempe, CA501(c)(3)To Support Operations of the School$125,000
Aspire Public SchoolsOakland, CA501(c)(3)To Support Operations of the School$124,000
Envision SchoolsOakland, CA501(c)(3)To Support Operations of the School$115,473
Aspen Public SchoolsFresno, CA501(c)(3)To Support Operations of the School$115,080
Stream CharterOroville, CA501(c)(3)To Support Operations of the School$110,000
Westlake Charter High SchoolSacramento, CA501(c)(3)To Support Operations of the School$110,000
Education for ChangeOakland, CA501(c)(3)To Support Operations of the School$108,500
Alpha Public SchoolsSan Jose, CA501(c)(3)To Support Operations of the School$103,750
Navigator SchoolsHollister, CA501(c)(3)To Support Operations of the School$103,750
Kern Community Foundation (caat)Bakersfield, CA501(c)(3)To Support Operations of the School$100,000
Riveting ResultsLexington, MA501(c)(3)To Support the Expansion of the Innovation Program$100,000
Rocklin Academy Charter SchoolsRocklin, CA501(c)(3)To Support Operations of the School$84,422
Leanlab EducationKansas, MO501(c)(3)To Support the Expansion of the Innovation Program$80,000
Paloma Learning IncAlameda, CA501(c)(3)To Support the Expansion of the Innovation Program$75,000
The Primary SchoolEast Palo Alto, CA501(c)(3)To Support Operations of the School$75,000
Clovis Global AcademyClovis, CA501(c)(3)To Support Operations of the School$66,000
Yuba Environmental Science Charter AcademyOregon House, CA501(c)(3)To Support Operations of the School$64,844
Ai for EquityAlexandria, VA501(c)(3)To Support the Expansion of the Innovation Program$55,000
Mission Preparatory SchoolSan Francisco, CA501(c)(3)To Support Operations of the School$52,500
Growth Public SchoolsSacramento, CA501(c)(3)To Support Operations of the School$51,975
Magnolia ProjectSanta Rosa, CA501(c)(3)To Support the Expansion of the Innovation Program$50,000
Hayward CollegiateHollister, CA501(c)(3)To Support Operations of the School$49,250
Franklin-mckinley School DistrictSan Jose, CA501(c)(3)To Support Operations of the School$49,000
Watsonville Prep SchoolHollister, CA501(c)(3)To Support Operations of the School$47,344
Voices College-bound Language AcademySan Jose, CA501(c)(3)To Support Operations of the School$45,500
Oakland UnityOakland, CA501(c)(3)To Support Operations of the School$42,609
Achieve Charter School of Paradise IncChico, CA501(c)(3)To Support Operations of the School$41,916
Gilroy PrepHollister, CA501(c)(3)To Support Operations of the School$24,625
New School of San FranciscoSan Francisco, CA501(c)(3)To Support Operations of the School$23,000
Playlab Education IncUnion City, CA501(c)(3)To Support the Expansion of the Innovation Program$12,000
Design Tech High SchoolRedwood City, CA501(c)(3)To Support Operations of the School$10,000
Khan Academy Lab SchoolMountain View, CA501(c)(3)To Support Operations of the School$10,000
Milpitas Unified School DistrictMilpitas, CA501(c)(3)To Support Operations of the School$10,000
Red BridgeSan Francisco, CA501(c)(3)To Support Operations of the School$10,000
Yu Ming Charter SchoolOakland, CA501(c)(3)To Support Operations of the School$8,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease Liability$484,306
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The form 990 was made available to all board members, and the ceo and audit committee chair reviewed and approved the form 990 prior to filing.

Form 990, Part VI, Section B, Line 12C

Upon affiliation with the organization, employees/board members are given the conflict of interest policy to review and then disclose any conflicts. All affiliated people are encouraged and required to disclose potential conflicts of interest to the board as they arise. All affiliated people are required annually to review the conflict of interest policy and sign a statement affirming they understand the policy, agree to comply, and disclose any new potential conflicts of interest.

Form 990, Part VI, Section B, Line 15

Base compensation was determined by first defining a set of closely comparable organizations and roles. Interviews were conducted with these organizations regarding their compensation structure for relevant positions. In addition, benchmarking was conducted using 990's of a broader set of organizations that are also comparable to silicon schools fund. The board was presented with this information in preparation for making an initial compensation decision for key employees. The employee's unique skills and previous compensation was also taken into account. Annual reviews of compensation are completed by the board to determine the future year's base salary and current year bonus. Salary decisions are based on annual reviews of benchmark salary data and bonus decisions are based on reviews of employees' performance.

Form 990, Part VI, Section C, Line 19

We will furnish any of these documents upon request.

Filing and Contact Details

Filer

Filer Name
Silicon Schools Fund Inc
EIN
45-4860788
Phone
5103945697
Address
827 BROADWAY 300, OAKLAND, CA 94607

Signing Officer

Name
Caitrin Wright
Title
CEO
Phone
5103507263
Signed
2025-10-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Caitrin Wright
Formed
2012
Legal Domicile
CA
Voting Board Members
9
Independent Board Members
8
Employees
7
Volunteers
8

Preparer

Firm
Hood & Strong Llp
Address
2580 N 1ST ST STE 460, SAN JOSE, CA 95131
Preparer
Maga E Kisriev
Phone
4089988400
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

The fund is a public benefit charitable corporation and is exempt from federal income taxes on related income under section 501(c)(3) of the internal revenue code and from california franchise and/or income taxes under section 23701d of the california revenue and taxation code. Management evaluated the fund's tax positions and concluded that the fund had maintained its tax-exempt status and had taken no uncertain tax positions that required adjustment to the financial statements.

Raw XML AppendixShowing 400 of 1,124 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990/ActivityOrMissionDesc0SUPPORT THE LAUNCH OF EXCELLENT NEW SCHOOLS AND INNOVATIVE PRACTICES THAT IMPROVE EDUCATION.
IRS990/AllOtherContributionsAmt07754453
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IRS990/ContractorCompensationGrp/ServicesDesc1SCHOOL DESIGN CONSULTING
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IRS990/Desc0SILICON SCHOOLS FUND (SSF) CONDUCTED A DUE DILIGENCE AND GRANT-MAKING PROGRAM FOCUSED ON PROVIDING SEED FUNDING TO EXCELLENT SCHOOLS IMPLEMENTING NEXT GENERATION LEARNING MODELS, INSTRUCTIONAL IMPROVEMENT EFFORTS, AND INNOVATION IN EDUCATION. IN 2024, SILICON SCHOOLS FUND MADE GRANTS TO 56 ORGANIZATIONS THAT WILL USE THE FUNDING TO SUPPORT THE CREATION OF NEW SCHOOLS, IMPROVEMENT OF EXISTING SCHOOLS AND RELATED INNOVATION EFFORTS.
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IRS990/MissionDesc0THE MISSION OF THE SILICON SCHOOLS FUND IS TO IMPROVE EDUCATION THROUGH SUPPORTING THE LAUNCH OF EXCELLENT NEW SCHOOLS, IMPROVING ACADEMIC INSTRUCTION IN EXISTING SCHOOLS, AND BY FUNDING SOME OF THE BOLDEST INNOVATIONS IN EDUCATION HAPPENING IN THE COUNTRY. OUR PARTNER ORGANIZATIONS SERVE AS LABS OF INNOVATION AND PROOF POINTS FOR THE SECTOR.
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