Civic Intelligence

Silicon Valley Defense Working Group Co

990 • Fiscal year 2022 • EIN 85-1613454

Jan 01, 2022 to Dec 31, 2022 • Filed on Oct 22, 2023

2309 Noriega St Suite 1007San Francisco, CA 94122

(443) 370-1005

Siviq Scores

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

Liabilities / Assets

47th percentile

0.05x

Higher debt load relative to assets than 47% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

42nd percentile

0.05x

Higher debt load relative to revenue than 42% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

78th percentile

28%

Higher net margin than 78% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

95th percentile

$296,500

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 22.3% of source-year revenue.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

88th percentile

50%

Faster asset growth than 88% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

72nd percentile

28%

Faster revenue growth than 72% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Up

$1,307,658

Up $433,977 (+50%) from 2021

Net Assets

Up

$1,240,644

Up $373,953 (+43%) from 2021

Liabilities

Up

$67,014

Up $60,024 (+859%) from 2021

Revenue

Up

$1,331,795

Up $288,824 (+28%) from 2021

Expenses

Up

$957,842

Up $584,546 (+157%) from 2021

Net Income

Down

$373,953

Down $295,722 (-44%) from 2021

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2020: $197,016Liabilities 2020: $0Net Assets 2020: $197,0162020Assets 2021: $873,681Liabilities 2021: $6,990Net Assets 2021: $866,6912021Assets 2022: $1,307,658Liabilities 2022: $67,014Net Assets 2022: $1,240,6442022Assets 2023: $615,012Liabilities 2023: $82,612Net Assets 2023: $532,4002023Assets 2024: $977,770Liabilities 2024: $31,643Net Assets 2024: $946,1272024

Highlighted filing

2022

Assets$1,307,658
Liabilities$67,014
Net Assets$1,240,644

Operations Trend

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

$2.0M$1.0M$0-$1.0MRevenue 2020: $250,000Expenses 2020: $52,984Net Income 2020: $197,0162020Revenue 2021: $1,042,971Expenses 2021: $373,296Net Income 2021: $669,6752021Revenue 2022: $1,331,795Expenses 2022: $957,842Net Income 2022: $373,9532022Revenue 2023: $687,875Expenses 2023: $1,371,433Net Income 2023: -$683,5582023Revenue 2024: $1,547,336Expenses 2024: $1,133,609Net Income 2024: $413,7272024

Highlighted filing

2022

Revenue$1,331,795
Expenses$957,842
Net Income$373,953
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Oct 22, 2023
Return Version
2022v5.0
Gross Receipts
$1,331,795
Mission and Program Overview

Mission

Silicon Valley Defense Group convenes experts in technology, investment, and government for discussions on how to better collaborate between the various groups. The comments and topics are then published on our website to help educate and inform public officials and the populous in order to make better national security decisions. The experts come from the defense industry, technology companies, US Dept of Defense and Intelligence agencies, policy makers in the federal government, investors in private and public markets. Currently, all activities are conducted virtually. Previously, events were held in meeting spaces and private dining spaces (hotels and restaurants). All of our activities support the development of our publications.

Silicon Valley Defense Group convenes experts in technology, investment, and government for discussions on how to better collaborate between the various groups. The comments and topics are then published on our website to help educate and inform public officials and the populace in order to make better national security decisions. The experts come from the defense industry, technology companies, US Dept of Defense and Intelligence agencies, policy makers in the federal government, investors in private and public markets. Events are held virtually and in meeting spaces and private dining spaces (hotels and restaurants). All of our activities support the development of our publications.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$797,681$655,816▼ $141,865
Accounts Receivable$70,000$560,000▲ $490,000
Land, Buildings, and Equipment, Net-$81,579-
Receivables From Officers Etc$6,000--
Loans From Officers Directors$35--
Total Assets$873,681$1,307,658▲ $433,977
Other Assets Total-$10,263-
Liabilities
Accounts Payable and Accrued Expenses$6,955$62,964▲ $56,009
Other Liabilities-$4,050-
Total Liabilities$6,990$67,014▲ $60,024
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$866,691$1,240,644▲ $373,953
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$866,691$1,240,644▲ $373,953
Total Liabilities and Net Assets / Fund Balance$873,681$1,307,658▲ $433,977

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$66,591$4,440$71,031
Equipment$12,185$1,405$13,590
Leasehold Improvements$2,803$59$2,862
Buildings$0$0$0
Land$0-$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Samuel GrayExecutive DirectorFT$175,000$121,500$296,500

Board Members and Trustees

NameTitle
James CrossChairman
Chris O'DonnellVice President
Joshua MarcuseBoard member
Lauren BedulaBoard member
Matt BiggeBoard member
Chris DonagheyTreasurer and Secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$960,000
Program Service Revenue
$350,000
Investment Income
$0
Other Revenue
$21,795
All Other Contributions
$960,000
Change in Net Assets
$373,953
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$560,748
Salaries, Compensation, and Employee Benefits$383,104
Total Fundraising Expense$101,976
Grants and Similar Amounts Paid$13,990
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$177,900$59,300$59,300$296,500
Conferences and Meetings$257,796$1,411$10,617$269,824
Travel$191,424$6,252$4,706$202,382
Other Salaries and Wages$40,050$20,025$6,675$66,750
Office Expenses$7,380$17,689$3,193$28,262
Payroll Taxes$11,912$4,613$3,329$19,854
Occupancy$9,489$3,163$3,163$15,815
Grants to Domestic Individuals$13,990--$13,990
Advertising-$4,019$9,812$13,831
Fees for Services Legal-$8,294-$8,294
Fees for Services Other-$6,041-$6,041
Depreciation Depletion$3,542$1,181$1,181$5,904
Fees for Services Accounting-$4,858-$4,858
Insurance-$4,829-$4,829
Interest-$708-$708
Total Functional Expenses$713,483$142,383$101,976$957,842
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
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$6,000--
Loans from Officers, Directors, Trustees, and Key Employees$35--
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
State payroll taxes$1,082
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
No
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 11B

Board members are sent a draft of the Form 990 and related schedules and asked to review the draft before it is finalized.

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

SVDG has a written Code of Conduct that all SVDG officers and advisors sign. The code requires that people self-remove themselves during any potential conflict of interest situations. In addition, when SVDG proposes possible sponsorship or donation opportunities, the organization asks each officer to remove themselves if there is a conflict of interest. As for monitoring: SVDG regularly follows industry press and data sources such as PitchBook, Inside Defense, and Crunchbase to identify potential conflict-of-interest situations.

Form 990, Part VI, Section C, Line 19

SVDG makes its governing documents, conflict of interest policy, and financial statements available to the public on written request.

Filing and Contact Details

Filer

Filer Name
Silicon Valley Defense Working Group Co
EIN
85-1613454
Phone
4433701005
Address
2309 Noriega St Suite 1007, San Francisco, CA 94122
Doing Business As
Silicon Valley Defense Group

Signing Officer

Name
Samuel A Gray
Title
Executive Director
Phone
6198476915
Signed
2023-10-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Samuel Gray
Formed
2020
Legal Domicile
De
Voting Board Members
7
Independent Board Members
6
Employees
2
Volunteers
0

Preparer

Firm
Accounting & Automation Solutions
Address
2450 Ortega St, San Francisco, CA 94122
Preparer
Pamela Lee
Phone
4156336908
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IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0350000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0350000
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0590251
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0222701
IRS990/PYOtherRevenueAmt01220
IRS990/PYProgramServiceRevenueAmt0451500
IRS990/PYRevenuesLessExpensesAmt0669675
IRS990/PYSalariesCompEmpBnftPaidAmt0150595
IRS990/PYTotalExpensesAmt0373296
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01042971
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt06000
IRS990/ReconcilationRevenueExpnssAmt0373953
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt017960
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt017960
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0Revenue from sponsorships of roundtable sessions = $30,000, $450,000, and $350,000 in 2020, 2021, and 2022 respectively. Speaking honoraria = $1,500 in 2021. Credit card cash-back rewards = $1,220 and $3,835 in 2021 and 2022 respectively.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Schedule A, Part II, Line 10
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0960000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0589320
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0220000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01769320
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt017960
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt017960
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0836555
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt0353835
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt0452720
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt030000
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0836555
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt01041610
IRS990ScheduleA/SubstantialContributorsTotAmt0727710
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0960000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0589320
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0220000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01769320
IRS990ScheduleA/TotalSupportAmt02623835
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearAmt00
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt00
IRS990ScheduleD/BuildingsGrp/DepreciationAmt00
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/EquipmentGrp/BookValueAmt012185
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01405
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt013590
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt02968
IRS990ScheduleD/LandGrp/BookValueAmt00
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt02803
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt059
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt02862
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt066591
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt04440
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt071031
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01082
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0State payroll taxes
IRS990ScheduleD/TotalBookValueLandBuildingsAmt081579
IRS990ScheduleD/TotalLiabilityAmt04050
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt013990
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0Sponsored two students on a team which created a concept for an unmanned logistics vessel to better decentralize maritime logistics in the Indo-Pacific theater.
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceAmt00
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt02
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0SVDG and our designees followed up with the grant recipients at several meetings to monitor their use of grant funds. In addition to providing verbal updates at meetings, the grant recipients were also required to develop presentations, written reports, and other collateral that outlined their use of grant funds and detailed the findings of their research.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule I, Part I, Line 2
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd01
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/FirstClassOrCharterTravelInd0X
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0175000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount0121500
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Samuel Gray
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0Executive Director
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0296500

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