Silicon Valley Rising Action

San Jose, CAUnknown exempt organizationEIN 47-4979642Revenue $172K in FY2024

On file with the IRSact.svrisingaction.org2302 Zanker Road · San Jose, CA

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Silicon Valley Rising Action takes on occupational segregation and income inequality with a comprehensive campaign to raise wages, create affordable housing, and build a tech economy that works for everyone.

47¢ of each $1 spent went to programs.
Run by 500 volunteers and 18 employees.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average surplus $80K a year · 16% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
47%
of spending
Concern: 47% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$51K
to officers and key staff · 18% of spending
Fine: pay to officers and key staff is 18% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
36 mo
of spending, in cash
Looks good: 35.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $197K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$70K
8% of total assets
Looks good: liabilities are 8% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$172K
+15% vs prior year
Spent
$285K
To programs
47%
Net assets
$827K
By yearFY2020–FY2024
Revenue
$172K
FY2024▲ +15%
Tap a bar for its year
Revenue by fiscal year
FY2020$637K
FY2021$1.2M
FY2022$373K
FY2023$150K
FY2024$172K
Expenses
$285K
FY2024▲ +59%
Tap a bar for its year
Expenses by fiscal year
FY2020$631K
FY2021$251K
FY2022$807K
FY2023$179K
FY2024$285K
Net assets
$827K
FY2024▼ -12%
Tap a bar for its year
Net assets by fiscal year
FY2020$433K
FY2021$1.4M
FY2022$968K
FY2023$939K
FY2024$827K

From the FY2024 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

47 cents of each dollar spent went to programs.

Program services 47% · $135K Management & general 52% · $148K Fundraising 1% · $2K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

6 people listed on the 990; $51K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Dir.
$34,782Pt VII · Sec A
$15,852Pt VII · Sec A
President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Silicon Valley Rising Action executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Raises wages, creates affordable housing, and builds an inclusive tech economy.

Questions for Silicon Valley Rising Action

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Provided by the organization

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1 program · $135K · in their own filed words · FY2024
01

Silicon Valley Rising Action successfully engaged tens of thousands of voters,contacting via phone, doors, and social media on issues of tax equity, housingjustice, and economic justice, and is building a grassroots base of working class and people of color committed to a just, inclusive economy for all.

$135Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 3 funders$197K
See all 3 funders →
Grants paid · 6 grants · $308K · 2020–2024
Sj Rsidents Fair Elect Y on BCA · FY2022$72,500
Svra No on Prop 22FY2020$50,000

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$172K
Ln 12
Gifts and grantsLn 1h$88K
Fees for servicesLn 2g$85K
Other incomeLn 4–11$50
Money outPt IX
$285K
Ln 25
Programscol B$135K
Managementcol C$148K
Fundraisingcol D$2K
Owns and owesPt X
$827K
net assets · Ln 32
Cash and savingsLn 1–2$848K
Total assetsLn 16$897K
LiabilitiesLn 26$70K
PeoplePt VI, VII
6
listed · VII A
PaidVII A2
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$88K
Fees for servicesLn 2g$85K
Other incomeLn 4–11$50
Gains on assetsLn 7$0
Total revenueLn 12$172K
Assets in detailPt X, end of year
CashLn 1$848K
SavingsLn 2$0
Cash and savings togetherLn 1–2$848K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$897K
LiabilitiesLn 26$70K
Net assetsLn 32$827K
OperationsPt I, VI
EmployeesI 518
VolunteersI 6500
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$920K$848K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$971K$897K
LiabilitiesLn 26$32K$70K
Net assetsLn 32$939K$827K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$11K$11K
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$51K$27K$23K$506
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$115K$61K$52K$1K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$24K$13K$11K$251
Payroll taxesLn 10$15K$8K$7K$160
Management feesLn 11a$0
Legal feesLn 11b$2K$2K
Accounting feesLn 11c$11K$11K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$210$68$142
Advertising and promotionLn 12$0
Office expensesLn 13$3K$996$2K
Information technologyLn 14$4K$1K$2K
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$7K$2K$4K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$1K$450$945
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$9K$9K
Other expenses (24a–d)Ln 24$32K$10K$22K
All other expensesLn 24e$0
Total functional expensesLn 25$285K$135K$148K$2K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $172K$285K−$112K$827K 990 PDF
FY2023 $150K$179K−$29K$939K 990 PDF
FY2022 $373K$807K−$434K$968K 990 PDF
FY2021 $1.2M$251K$969K$1.4M 990 PDF
FY2020 $637K$631K$6K$433K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $172,124 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $150,250$87,500
I-9 Program service revenue$84,574
I-10 Investment income$0
I-11 Other revenue$50
I-12 Total revenuePrior year $150,250$172,124
I-13 Grants and similar amounts paidPrior year $11,054$11,120
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $83,048$204,721
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $84,839$68,676
I-18 Total expensesPrior year $178,941$284,517
I-19 Revenue less expensesPrior year −$28,691−$112,393
Part VI · Governance 5 of 5 board members independent, 1 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-12a Written conflict of interest policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $172,124 across 10 lines filed
VIII-1f All other contributions, gifts and grants$87,500
VIII-1h Total contributions, gifts and grants$87,500
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $84,574$84,574
VIII-3 Investment income$0
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $50$50
VIII-12 Total revenueRelated to mission $84,574 · Excluded from tax $50$172,124
Part IX · Statement of functional expenses $284,517 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $11,120$11,120
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $26,836 · Management $23,292 · Fundraising $506$50,634
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $61,439 · Management $52,317 · Fundraising $1,233$114,989
IX-8 Pension plan contributions$0
IX-9 Other employee benefitsPrograms $12,754 · Management $10,924 · Fundraising $251$23,929
IX-10 Payroll taxesPrograms $8,084 · Management $6,925 · Fundraising $160$15,169
IX-11a Management fees$0
IX-11b Legal feesManagement $2,210$2,210
IX-11c Accounting feesManagement $11,024$11,024
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $68 · Management $142$210
IX-12 Advertising and promotion$0
IX-13 Office expensesPrograms $996 · Management $2,091$3,087
IX-14 Information technologyPrograms $1,171 · Management $2,457$3,628
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 TravelPrograms $2,101 · Management $4,408$6,509
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsPrograms $450 · Management $945$1,395
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 InsuranceManagement $8,921$8,921
IX-24 Other expenses (24a–d)Programs $9,847 · Management $21,845$31,692
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $134,866 · Management $147,501 · Fundraising $2,150$284,517
Part X · Balance sheet $897,153 assets, 19 lines filed
X-1 Cash, non-interest-bearingStart of year $920,149$848,092
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivableStart of year $50,000$48,706
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $983$355
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $971,132$897,153
X-17 Accounts payable and accrued expensesStart of year $31,842$70,256
X-26 Total liabilitiesStart of year $31,842$70,256
X-27 Net assets without donor restrictionsStart of year $605,367$605,112
X-28 Net assets with donor restrictionsStart of year $333,923$221,785
X-32 Total net assets or fund balancesStart of year $939,290$826,897
X-33 Total liabilities and net assetsStart of year $971,132$897,153
Part XI · Reconciliation of net assets $826,897 net assets at year end
XI-1 Total revenue$172,124
XI-2 Total expenses$284,517
XI-3 Revenue less expenses−$112,393
XI-4 Net assets at start of year$939,290
XI-10 Net assets at end of year$826,897

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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