Civic Intelligence

Joint Venture Silicon Valley Network

990 • Fiscal year 2016 • EIN 77-0389802

Jul 01, 2015 to Jun 30, 2016 • Filed on Jan 09, 2017

100 W San Fernando Street No 310San Jose, CA 95113

(408) 298-9330

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

55th percentile

0.13x

Higher debt load relative to assets than 55% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

55th percentile

0.13x

Higher debt load relative to revenue than 55% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

14th percentile

-22%

Higher net margin than 14% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

94th percentile

$307,936

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 25.9% of source-year revenue.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

8th percentile

-15%

Faster asset growth than 8% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

17th percentile

-19%

Faster revenue growth than 17% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Down

$1,211,553

Down $219,531 (-15%) from 2015

Net Assets

Down

$1,051,063

Down $264,482 (-20%) from 2015

Liabilities

Up

$160,490

Up $44,951 (+39%) from 2015

Revenue

Down

$1,189,054

Down $270,580 (-19%) from 2015

Expenses

Up

$1,453,536

Up $78,412 (+5.7%) from 2015

Net Income

Down

-$264,482

Down $348,992 (-413%) from 2015

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0M$2.0M$1.0M$0Assets 2011: $912,971Liabilities 2011: $95,796Net Assets 2011: $817,1752011Assets 2012: $911,503Liabilities 2012: $91,834Net Assets 2012: $819,6692012Assets 2013: $1,220,155Liabilities 2013: $70,460Net Assets 2013: $1,149,6952013Assets 2014: $1,342,186Liabilities 2014: $111,151Net Assets 2014: $1,231,0352014Assets 2015: $1,431,084Liabilities 2015: $115,539Net Assets 2015: $1,315,5452015Assets 2016: $1,211,553Liabilities 2016: $160,490Net Assets 2016: $1,051,0632016Assets 2017: $966,932Liabilities 2017: $64,931Net Assets 2017: $902,0012017Assets 2018: $1,509,553Liabilities 2018: $97,370Net Assets 2018: $1,412,1832018Assets 2019: $1,481,560Liabilities 2019: $121,179Net Assets 2019: $1,360,3812019Assets 2020: $1,024,271Liabilities 2020: $384,924Net Assets 2020: $639,3472020Assets 2021: $1,477,093Liabilities 2021: $455,689Net Assets 2021: $1,021,4042021Assets 2022: $2,214,443Liabilities 2022: $1,287,916Net Assets 2022: $926,5272022Assets 2023: $2,155,070Liabilities 2023: $1,326,024Net Assets 2023: $829,0462023Assets 2024: $2,041,480Liabilities 2024: $1,197,157Net Assets 2024: $844,3232024

Highlighted filing

2016

Assets$1,211,553
Liabilities$160,490
Net Assets$1,051,063

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2011: $1,585,2172011Expenses 2012: $1,348,8662012Expenses 2013: $1,223,6332013Revenue 2014: $1,323,455Expenses 2014: $1,242,115Net Income 2014: $81,3402014Revenue 2015: $1,459,634Expenses 2015: $1,375,124Net Income 2015: $84,5102015Revenue 2016: $1,189,054Expenses 2016: $1,453,536Net Income 2016: -$264,4822016Revenue 2017: $1,575,001Expenses 2017: $1,724,063Net Income 2017: -$149,0622017Revenue 2018: $2,285,305Expenses 2018: $1,775,123Net Income 2018: $510,1822018Revenue 2019: $2,192,272Expenses 2019: $2,244,074Net Income 2019: -$51,8022019Revenue 2020: $1,883,436Expenses 2020: $2,604,470Net Income 2020: -$721,0342020Revenue 2021: $2,182,459Expenses 2021: $1,800,402Net Income 2021: $382,0572021Revenue 2022: $2,610,790Expenses 2022: $2,705,667Net Income 2022: -$94,8772022Revenue 2023: $2,542,322Expenses 2023: $2,639,803Net Income 2023: -$97,4812023Revenue 2024: $2,617,194Expenses 2024: $2,601,917Net Income 2024: $15,2772024

Highlighted filing

2016

Revenue$1,189,054
Expenses$1,453,536
Net Income-$264,482
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Jan 9, 2017
Return Version
2015v3.0
Gross Receipts
$1,429,225
Mission and Program Overview

Mission

To build a community collaborating to compete globally; to provide analysis and action on issues affecting our region's economy and quality of life; and to nurture the unique habitat that makes the bay area a world capital for innovation and entrepreneurship.

Build a sustainable community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$984,267$814,067▼ $170,200
Pledges and Grants Receivable$415,959$375,687▼ $40,272
Prepaid Expenses and Deferred Charges$14,567$8,463▼ $6,104
Land, Buildings, and Equipment, Net$8,677$5,722▼ $2,955
Total Assets$1,431,084$1,211,553▼ $219,531
Other Assets Total$7,614$7,614→ $0
Liabilities
Accounts Payable and Accrued Expenses$94,857$141,057▲ $46,200
Other Liabilities$20,682$19,433▼ $1,249
Total Liabilities$115,539$160,490▲ $44,951
Net Assets / Fund Balance
Unrestricted Net Assets$833,175$734,390▼ $98,785
Temporarily Rstr Net Assets$482,370$316,673▼ $165,697
Total Net Assets Fund Balance$1,315,545$1,051,063▼ $264,482
Total Liabilities and Net Assets / Fund Balance$1,431,084$1,211,553▼ $219,531

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$5,722$43,746$49,468
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Russell HancockPresident/CEOFT$275,010$32,926$307,936
Larry CarrExecutive Vice PresidentFT$146,674-$146,674

Board Members and Trustees

NameTitle
Sam LiccardoCo-chair
Steven BochnerCo-chair
Barbara KeeganBoard Member
Chad SeilerBoard Member
Curtis MoBoard Member
Dan BoxwellBoard Member
Daniel YostBoard Member
Dave HodsonBoard Member
Dave KavalBoard Member
Dennis JacobsBoard Member
Diana DoolittleBoard Member
Eric HouserBoard Member
Fred DiazBoard Member
George BlumenthalBoard Member
Greg MatterBoard Member
Hon Dave PineBoard Member
Jean McCownBoard Member
Jim KeeneBoard Member
Jim PappasBoard Member
John Sobrato SrBoard Member
John TortoraBoard Member
Joseph ParisiBoard Member
Josue GarciaBoard Member
Judith Maxwell GreigBoard Member
Kailesh KaravadraBoard Member
Karolyn KirchgeslerBoard Member
Kimberly Becker AguirreBoard Member
Mairtini Ni DhomhnaillBoard Member
Marc ComptonBoard Member
Matt MahanBoard Member
Michael UhlBoard Member
Paul GustafsonBoard Member
Paul HernandezBoard Member
Phil MahoneyBoard Member
Rahul ChandhokBoard Member
Richard MoranBoard Member
Rob ChapmanBoard Member
Robert RaffoBoard Member
Sherri SagerBoard Member
Stephan EberleBoard Member
Summer Van PeltBoard Member
Susan SmarrBoard Member
Todd HarrisBoard Member
Tom McCalmontBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$1,387,475
Program Service Revenue
$0
Investment Income
$176
Other Revenue
$-198,597
All Other Contributions
$541,010
Change in Net Assets
$-264,482

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,189,054
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,189,054
Total Revenue per Form 990
$1,189,054
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$746,348
Other Expenses$707,188
Total Fundraising Expense$108,780
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$154,434$139,992$70,850$365,276
Current Officers, Directors, Trustees, and Key Employees$265,296-$24,300$289,596
Occupancy$65,896$24,425$3,198$93,519
Fees for Services Other$27,839$56,141$528$84,508
Other Employee Benefits$9,996$40,327$2,441$52,764
Travel$45,321$771$549$46,641
Payroll Taxes$18,326$14,610$5,776$38,712
Office Expenses$15,750$4,862$640$21,252
Insurance$4,367$1,694$222$6,283
Other Expenses$3,575$1,325$173$5,073
Depreciation Depletion$2,366$486$103$2,955
Total Functional Expenses$1,000,125$344,631$108,780$1,453,536

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,453,536
Total Expenses per Audited Statements$1,453,536
Total Expenses per Form 990$1,453,536
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$240,171
Fundraising Gross Income$21,407
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
State of the Valley$358,094$21,407$240,171$-218,764
Total Events$358,094$21,407$240,171$-218,764
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Rent$19,433
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 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
No
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 11

The form 990 is reviewed by the audit committee for accuracy and completeness. All questions arising during this review process are resolved prior to the filing of the form.

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

The organization has all officers sign conflict of interest policy form, stating that they understand the terms and conditions of the policy.

Form 990, Part VI, Section B, line 15A

The compensation of the ceo is determined based on comparable market rates in the same geographic area, reviewed by the organization's executive committee, approved by the board of directors and documented in the minutes.

Form 990, Part VI, Section C, line 19

The organization's governing documents, conflict of interest policy, and financial statements are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Joint Venture Silicon Valley Network
EIN
77-0389802
Phone
4082989330
Address
100 W San Fernando Street No 310, San Jose, CA 95113

Signing Officer

Name
Russell Hancock
Title
President/CEO
Phone
4082989330
Signed
2017-01-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Russell Hancock
Formed
1992
Legal Domicile
CA
Voting Board Members
42
Independent Board Members
42
Employees
6
Volunteers
6

Preparer

Firm
Robert Lee & Associates Llp
Address
999 W Taylor Street Suite A, San Jose, CA 95126
Preparer
Jessica Cassinelli
Phone
4088556770
Supplemental Narrative

Additional Explanations

Form 990, Part V, Lines 7G & 7H

Compliance with other filing requirements: the organization did not receive any contributions of qualified intellectual property or any cars, boats, airplanes, or other vehicles. As such, no forms 8899 or 1098-c were required to be filed.

Form 990, Part XII, Line 2C

The organization's audit committee is responsible for the review and approval of the annual report and for the selection of the independent auditors.

Financial Statement Notes

Part X, Line 2:

The organization 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 june 30, 2016, management did not identify any uncertain tax positions.

Raw XML AppendixShowing 400 of 743 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.

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IRS990/Form990PartVIISectionAGrp/PersonNm1Curtis Mo
IRS990/Form990PartVIISectionAGrp/PersonNm2Mairtini Ni Dhomhnaill
IRS990/Form990PartVIISectionAGrp/PersonNm3Jim Pappas
IRS990/Form990PartVIISectionAGrp/PersonNm4Joseph Parisi
IRS990/Form990PartVIISectionAGrp/PersonNm5Hon Dave Pine
IRS990/Form990PartVIISectionAGrp/PersonNm6Robert Raffo
IRS990/Form990PartVIISectionAGrp/PersonNm7Susan Smarr
IRS990/Form990PartVIISectionAGrp/PersonNm8John Sobrato Sr
IRS990/Form990PartVIISectionAGrp/PersonNm9Chad Seiler
IRS990/Form990PartVIISectionAGrp/PersonNm10Michael Uhl
IRS990/Form990PartVIISectionAGrp/PersonNm11Daniel Yost
IRS990/Form990PartVIISectionAGrp/PersonNm12Dave Hodson
IRS990/Form990PartVIISectionAGrp/PersonNm13Dave Kaval
IRS990/Form990PartVIISectionAGrp/PersonNm14John Tortora
IRS990/Form990PartVIISectionAGrp/PersonNm15Paul Hernandez
IRS990/Form990PartVIISectionAGrp/PersonNm16Kailesh Karavadra
IRS990/Form990PartVIISectionAGrp/PersonNm17Summer Van Pelt
IRS990/Form990PartVIISectionAGrp/PersonNm18Barbara Keegan
IRS990/Form990PartVIISectionAGrp/PersonNm19Richard Moran
IRS990/Form990PartVIISectionAGrp/PersonNm20Phil Mahoney
IRS990/Form990PartVIISectionAGrp/PersonNm21Jean McCown
IRS990/Form990PartVIISectionAGrp/PersonNm22Matt Mahan
IRS990/Form990PartVIISectionAGrp/PersonNm23Steven Bochner
IRS990/Form990PartVIISectionAGrp/PersonNm24Sam Liccardo
IRS990/Form990PartVIISectionAGrp/PersonNm25Kimberly Becker Aguirre
IRS990/Form990PartVIISectionAGrp/PersonNm26George Blumenthal
IRS990/Form990PartVIISectionAGrp/PersonNm27Dan Boxwell
IRS990/Form990PartVIISectionAGrp/PersonNm28Rahul Chandhok
IRS990/Form990PartVIISectionAGrp/PersonNm29Rob Chapman
IRS990/Form990PartVIISectionAGrp/PersonNm30Marc Compton
IRS990/Form990PartVIISectionAGrp/PersonNm31Fred Diaz
IRS990/Form990PartVIISectionAGrp/PersonNm32Stephan Eberle
IRS990/Form990PartVIISectionAGrp/PersonNm33Diana Doolittle
IRS990/Form990PartVIISectionAGrp/PersonNm34Josue Garcia
IRS990/Form990PartVIISectionAGrp/PersonNm35Judith Maxwell Greig
IRS990/Form990PartVIISectionAGrp/PersonNm36Paul Gustafson
IRS990/Form990PartVIISectionAGrp/PersonNm37Todd Harris
IRS990/Form990PartVIISectionAGrp/PersonNm38Eric Houser
IRS990/Form990PartVIISectionAGrp/PersonNm39Dennis Jacobs
IRS990/Form990PartVIISectionAGrp/PersonNm40Jim Keene
IRS990/Form990PartVIISectionAGrp/PersonNm41Karolyn Kirchgesler
IRS990/Form990PartVIISectionAGrp/PersonNm42Tom McCalmont
IRS990/Form990PartVIISectionAGrp/PersonNm43Greg Matter
IRS990/Form990PartVIISectionAGrp/PersonNm44RUSSELL HANCOCK
IRS990/Form990PartVIISectionAGrp/PersonNm45Larry Carr
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IRS990/Form990PartVIISectionAGrp/TitleTxt0BOARD MEMBER
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IRS990/Form990PartVIISectionAGrp/TitleTxt22BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt23CO-CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt24CO-CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt25BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt26BOARD MEMBER
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IRS990/Form990PartVIISectionAGrp/TitleTxt42BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt43BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt44President/CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt45Executive Vice President
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01992
IRS990/FormerOfcrEmployeesListedInd00

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.04$1.20$0.84$2.62$2.60$0.02
2023Detailed filing. Detailed filing data is available for this year.$2.16$1.33$0.83$2.54$2.64$0.10
2022Detailed filing. Detailed filing data is available for this year.$2.21$1.29$0.93$2.61$2.71$0.09
2021Detailed filing. Detailed filing data is available for this year.$1.48$0.46$1.02$2.18$1.80$0.38
2020Detailed filing. Detailed filing data is available for this year.$1.02$0.38$0.64$1.88$2.60$0.72
2019Detailed filing. Detailed filing data is available for this year.$1.48$0.12$1.36$2.19$2.24$0.05
2018Detailed filing. Detailed filing data is available for this year.$1.51$0.10$1.41$2.29$1.78$0.51
2017Detailed filing. Detailed filing data is available for this year.$0.97$0.06$0.90$1.58$1.72$0.15
2016Detailed filing. Detailed filing data is available for this year.$1.21$0.16$1.05$1.19$1.45$0.26
2015Detailed filing. Detailed filing data is available for this year.$1.43$0.12$1.32$1.46$1.38$0.08
2014Detailed filing. Detailed filing data is available for this year.$1.34$0.11$1.23$1.32$1.24$0.08
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.22$0.07$1.15$1.22
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.91$0.09$0.82$1.35
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.91$0.10$0.82$1.59