Civic Intelligence

Silicon Valley Academy Project

990 • Fiscal year 2021 • EIN 86-1113567

Jul 01, 2020 to Jun 30, 2021 • Filed on Oct 29, 2021

195 Leota AvenueSunnyvale, CA 94086-7031

(408) 243-9333

Siviq Scores

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

Liabilities / Assets

65th percentile

0.17x

Higher debt load relative to assets than 65% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

61st percentile

0.17x

Higher debt load relative to revenue than 61% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

30th percentile

2.3%

Higher net margin than 30% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

57th percentile

13%

Faster asset growth than 57% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

23rd percentile

-6.8%

Faster revenue growth than 23% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Up

$1,218,269

Up $139,866 (+13%) from 2020

Net Assets

Up

$1,007,671

Up $29,525 (+3.0%) from 2020

Liabilities

Up

$210,598

Up $110,341 (+110%) from 2020

Revenue

Down

$1,269,718

Down $93,054 (-6.8%) from 2020

Expenses

Up

$1,240,193

Up $9,274 (+0.8%) from 2020

Net Income

Down

$29,525

Down $102,328 (-78%) from 2020

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2011: $163,785Liabilities 2011: $0Net Assets 2011: $163,7852011Assets 2012: $327,561Liabilities 2012: $34,799Net Assets 2012: $292,7622012Assets 2013: $410,885Liabilities 2013: $103,595Net Assets 2013: $307,2902013Assets 2014: $564,522Liabilities 2014: $115,502Net Assets 2014: $449,0202014Assets 2015: $653,140Liabilities 2015: $99,250Net Assets 2015: $553,8902015Assets 2016: $578,071Liabilities 2016: $89,369Net Assets 2016: $488,7022016Assets 2017: $684,316Liabilities 2017: $81,134Net Assets 2017: $603,1822017Assets 2018: $853,282Liabilities 2018: $122,729Net Assets 2018: $730,5532018Assets 2019: $917,617Liabilities 2019: $71,324Net Assets 2019: $846,2932019Assets 2020: $1,078,403Liabilities 2020: $100,257Net Assets 2020: $978,1462020Assets 2021: $1,218,269Liabilities 2021: $210,598Net Assets 2021: $1,007,6712021Assets 2022: $1,432,983Liabilities 2022: $150,227Net Assets 2022: $1,282,7562022Assets 2023: $1,477,079Liabilities 2023: $177,113Net Assets 2023: $1,299,9662023Assets 2024: $1,573,621Liabilities 2024: $251,590Net Assets 2024: $1,322,0312024Assets 2025: $1,495,929Liabilities 2025: $203,117Net Assets 2025: $1,292,8122025

Highlighted filing

2021

Assets$1,218,269
Liabilities$210,598
Net Assets$1,007,671

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2011: $792,4072011Revenue 2012: $1,003,345Expenses 2012: $874,368Net Income 2012: $128,9772012Expenses 2013: $899,1632013Revenue 2014: $1,110,500Expenses 2014: $968,770Net Income 2014: $141,7302014Revenue 2015: $1,132,136Expenses 2015: $1,027,266Net Income 2015: $104,8702015Revenue 2016: $1,092,788Expenses 2016: $1,157,976Net Income 2016: -$65,1882016Revenue 2017: $1,226,735Expenses 2017: $1,171,325Net Income 2017: $55,4102017Revenue 2018: $1,333,625Expenses 2018: $1,206,254Net Income 2018: $127,3712018Revenue 2019: $1,439,355Expenses 2019: $1,323,615Net Income 2019: $115,7402019Revenue 2020: $1,362,772Expenses 2020: $1,230,919Net Income 2020: $131,8532020Revenue 2021: $1,269,718Expenses 2021: $1,240,193Net Income 2021: $29,5252021Revenue 2022: $1,560,694Expenses 2022: $1,285,609Net Income 2022: $275,0852022Revenue 2023: $1,637,102Expenses 2023: $1,619,892Net Income 2023: $17,2102023Revenue 2024: $2,473,700Expenses 2024: $2,451,635Net Income 2024: $22,0652024Revenue 2025: $2,667,019Expenses 2025: $2,696,238Net Income 2025: -$29,2192025

Highlighted filing

2021

Revenue$1,269,718
Expenses$1,240,193
Net Income$29,525
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Oct 29, 2021
Return Version
2020v4.1
Gross Receipts
$1,269,718
Mission and Program Overview

Mission

The organization's primary mission is to provide quality primary and secondary educational programs that respect, foster and value each student's cognitive domain, cultural diversity, social, physical and emotional growth and well being. Where such programs may include, but not limited to, classes, teachers training, community involvement and outreach.

Please see schedule o: general explanation attachment

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$679,398$636,257▼ $43,141
Savings and Temporary Cash Investments$359,242$542,250▲ $183,008
Land, Buildings, and Equipment, Net$39,682$39,682→ $0
Prepaid Expenses and Deferred Charges$81$80▼ $1
Total Assets$1,078,403$1,218,269▲ $139,866
Liabilities
Other Liabilities$100,257$210,598▲ $110,341
Total Liabilities$100,257$210,598▲ $110,341
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$978,146$1,007,671▲ $29,525
Total Net Assets Fund Balance$978,146$1,007,671▲ $29,525
Total Liabilities and Net Assets / Fund Balance$1,078,403$1,218,269▲ $139,866

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$7,605$64,381$71,986
Leasehold Improvements$25,656$23,544$49,200
Other Land Buildings$6,421-$6,421
Compensation and Service Providers

Board Members and Trustees

NameTitle
Zeba HuqPresident of the Board
Rashid HussainBoard Member
Imran ShafiSecretary
Deniz DogruerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$417,048
Program Service Revenue
$850,857
Investment Income
$1,813
Other Revenue
$0
All Other Contributions
$398,118
Change in Net Assets
$29,525
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$822,755
Other Expenses$417,438
Total Fundraising Expense$3,126
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$704,331$57,366-$761,697
Occupancy$225,549$39,803-$265,352
Payroll Taxes$56,748$4,310-$61,058
All Other Expenses$29,962$11,003$2,863$43,828
Insurance$24,861$4,387-$29,248
Other Expenses$2,132$522-$2,654
Office Expenses-$1,467-$1,467
Information Technology$228$748$180$1,156
Advertising--$83$83
Interest-$43-$43
Total Functional Expenses$1,113,961$123,106$3,126$1,240,193
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Fundr Donat$9,763$9,763-$9,763
Walk-a-thon$9,167$9,167-$9,167
Total Events$18,930$18,930-$18,930
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Ppp Loan Payable$154,698
Unearned Revenue$45,669
Due to Pta$9,485
Accrued Liabilities$746
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
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 governing body review Part VI line 11

An informed member of the board made appropriate inquiries and performed adequate inspection as relating to the preparation of the exempt organizations return contents and positions taken.

Conflict of interest policy compliance Part VI line 12C

Compliance was assured by disclosure and review.

CEO executive director top management comp Part VI line 15A

The staffs salary is reviewed, compared to market data and approved by the board.

Governing documents etc available to public Part VI line 19

The board is also considering other revenues, including making such documents available on the website of the silicon valley academy project.

Filing and Contact Details

Filer

Filer Name
Silicon Valley Academy Project
EIN
86-1113567
Address
195 LEOTA AVENUE, SUNNYVALE, CA 94086-7031

Signing Officer

Name
Deniz Dogruer
Title
Treasurer
Phone
4082439333
Signed
2021-10-29
Discuss with paid preparer
No

Organization Details

Formed
2003
Legal Domicile
CA
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
10

Preparer

Firm
Micro Tax Audit&accounting Svcs Llp
Address
1879 LUNDY AVENUE SUITE 163, SAN JOSE, CA 95131
Preparer
Muhammad A Haroon
Phone
4089869829
Supplemental Narrative

Additional Explanations

List of other expenses Part IX line 24E

Description program services paypal charges $ 50 leased equipment $ 1,829 special events $ 1,366 postage, shipping $ 101 payroll processing fee $ 3,485 professional fees $ 23,131 description administrative services bank service charge $ 1,236 printing/reproduction $ 184 internet $ 3,785 licenses and permits $ 1,716 prof.fees $ 4,082 description fundrising services fundrising events $ 2,178merchant fees $ 685

General explanation attachment

Part iii - statement of program service accomplishments: primary exempt purpose the organizations primary mission is to provide quality primary and secondary educational programs that respect, foster and value each students cognitive domain, culture diversity, social, physical and emotional growth and well being. Where such programs may include, but not limited to classes,teachers training, community involvement & outreach. Svas goals for the 2021-2022 academic year are to continue our sponsorship of socially disadvantaged students and to actively grow our student population thanks to our larger campus. Sva also plans on opening a makerspace as well as science lab to help students continue to explore, innovate, create, and experiment. Furthermore, we are seeking to acquire 25 new laptops for our staff members and 3-d printers for our makerspace. Lastly, with the addition of a gymnasium and extra classrooms at our new campus, we are seeking to expand our physical education curriculum and after school classes.

Raw XML Appendix383 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0AN INFORMED MEMBER OF THE BOARD MADE APPROPRIATE INQUIRIES AND PERFORMED ADEQUATE INSPECTION AS RELATING TO THE PREPARATION OF THE EXEMPT ORGANIZATIONS RETURN CONTENTS AND POSITIONS TAKEN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1COMPLIANCE WAS ASSURED BY DISCLOSURE AND REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE STAFFS SALARY IS REVIEWED, COMPARED TO MARKET DATA AND APPROVED BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD IS ALSO CONSIDERING OTHER REVENUES, INCLUDING MAKING SUCH DOCUMENTS AVAILABLE ON THE WEBSITE OF THE SILICON VALLEY ACADEMY PROJECT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DESCRIPTION PROGRAM SERVICES PAYPAL CHARGES $ 50 LEASED EQUIPMENT $ 1,829 SPECIAL EVENTS $ 1,366 POSTAGE, SHIPPING $ 101 PAYROLL PROCESSING FEE $ 3,485 PROFESSIONAL FEES $ 23,131 DESCRIPTION ADMINISTRATIVE SERVICES BANK SERVICE CHARGE $ 1,236 PRINTING/REPRODUCTION $ 184 INTERNET $ 3,785 LICENSES AND PERMITS $ 1,716 PROF.FEES $ 4,082 DESCRIPTION FUNDRISING SERVICES FUNDRISING EVENTS $ 2,178MERCHANT FEES $ 685
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5PART III - STATEMENT OF PROGRAM SERVICE ACCOMPLISHMENTS: PRIMARY EXEMPT PURPOSE THE ORGANIZATIONS PRIMARY MISSION IS TO PROVIDE QUALITY PRIMARY AND SECONDARY EDUCATIONAL PROGRAMS THAT RESPECT, FOSTER AND VALUE EACH STUDENTS COGNITIVE DOMAIN, CULTURE DIVERSITY, SOCIAL, PHYSICAL AND EMOTIONAL GROWTH AND WELL BEING. WHERE SUCH PROGRAMS MAY INCLUDE, BUT NOT LIMITED TO CLASSES,TEACHERS TRAINING, COMMUNITY INVOLVEMENT & OUTREACH. SVAS GOALS FOR THE 2021-2022 ACADEMIC YEAR ARE TO CONTINUE OUR SPONSORSHIP OF SOCIALLY DISADVANTAGED STUDENTS AND TO ACTIVELY GROW OUR STUDENT POPULATION THANKS TO OUR LARGER CAMPUS. SVA ALSO PLANS ON OPENING A MAKERSPACE AS WELL AS SCIENCE LAB TO HELP STUDENTS CONTINUE TO EXPLORE, INNOVATE, CREATE, AND EXPERIMENT. FURTHERMORE, WE ARE SEEKING TO ACQUIRE 25 NEW LAPTOPS FOR OUR STAFF MEMBERS AND 3-D PRINTERS FOR OUR MAKERSPACE. LASTLY, WITH THE ADDITION OF A GYMNASIUM AND EXTRA CLASSROOMS AT OUR NEW CAMPUS, WE ARE SEEKING TO EXPAND OUR PHYSICAL EDUCATION CURRICULUM AND AFTER SCHOOL CLASSES.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4List of other expenses Part IX line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5General explanation attachment
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ReturnHeader/PreparerPersonGrp/PreparationDt02021-11-05
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Muhammad A Haroon
ReturnHeader/ReturnTs02021-11-05T16:44:52-04:00
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.50$0.20$1.29$2.67$2.70$0.03
2024Detailed filing. Detailed filing data is available for this year.$1.57$0.25$1.32$2.47$2.45$0.02
2023Detailed filing. Detailed filing data is available for this year.$1.48$0.18$1.30$1.64$1.62$0.02
2022Detailed filing. Detailed filing data is available for this year.$1.43$0.15$1.28$1.56$1.29$0.28
2021Detailed filing. Detailed filing data is available for this year.$1.22$0.21$1.01$1.27$1.24$0.03
2020Detailed filing. Detailed filing data is available for this year.$1.08$0.10$0.98$1.36$1.23$0.13
2019Detailed filing. Detailed filing data is available for this year.$0.92$0.07$0.85$1.44$1.32$0.12
2018Detailed filing. Detailed filing data is available for this year.$0.85$0.12$0.73$1.33$1.21$0.13
2017Summary only. Only limited summary data is available for this year.$0.68$0.08$0.60$1.23$1.17$0.06
2016Detailed filing. Detailed filing data is available for this year.$0.58$0.09$0.49$1.09$1.16$0.07
2015Detailed filing. Detailed filing data is available for this year.$0.65$0.10$0.55$1.13$1.03$0.10
2014Detailed filing. Detailed filing data is available for this year.$0.56$0.12$0.45$1.11$0.97$0.14
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.41$0.10$0.31$0.90
2012Summary only. Only limited summary data is available for this year.$0.33$0.03$0.29$1.00$0.87$0.13
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.16$0.00$0.16$0.79