2024-10-07T10:42:25-05:00 2023-12-31 271155496 ROBERT LEE & ASSOCIATES LLP 999 W TAYLOR STREET STE A SAN JOSE CA 95126 990 2023-01-01 942460352 THE SILICON VALLEY LEADERSHIP GROUP SILI 4085017864 2460 N FIRST ST 260 SAN JOSE CA 95131 AHMAD THOMAS CEO 4085017864 2024-08-19 1 1 SCOTT R SMEAD P01208759 4088556770 2023 2024-10-15 13:58:12Z AHMAD THOMAS 2460 N FIRST ST 260 SAN JOSE CA 95131 4062124 0 X WWW.SVLG.ORG X 1977 CA TO IMPROVE THE GENERAL BUSINESS CONDITIONS AND QUALITY OF LIFE IN AND AROUND SILICON VALLEY. 53 52 25 400 0 0 301300 22400 3667872 4037937 80 -1617 -35959 0 3933293 4058720 0 0 0 0 4592325 3644630 0 0 79544 1509617 1055654 6101942 4700284 -2168649 -641564 2006273 1708782 2452171 2796244 -445898 -1087462 X TO INVOLVE PRINCIPAL OFFICERS AND SENIOR MANAGERS OF MEMBER COMPANIES IN A COOPERATIVE EFFORT WITH LOCAL, REGIONAL, STATE, AND FEDERAL GOVERNMENT OFFICIALS TO ADDRESS MAJOR PUBLIC POLICY ISSUES AFFECTING THE ECONOMIC HEALTH AND QUALITY OF LIFE IN SILICON VALLEY. 0 0 4135690 TECH & INNOVATIONTHE TECHNOLOGY + INNOVATION COMMITTEE SECURED SEVERAL KEY VICTORIES FOR MEMBERS IN 2023. SVLG LED A STATEWIDE COALITION IN OPPOSING ASSEMBLY BILL 316 (AGUIAR-CURRY), A BILL THAT WOULD HAVE REQUIRED THAT ALL HEAVY-DUTY AUTONOMOUS VEHICLES OVER 10,001 POUNDS HAVE A HUMAN OPERATOR IN EACH SUCH VEHICLE. SVLG MET WITH EVERY LEGISLATORS' OFFICE - ASSEMBLY AND SENATE - AS WELL MEMBERS OF THE GOVERNOR'S ADMINISTRATION. THE BILL WAS VETOED BY THE GOVERNOR. ADDITIONALLY, SVLG SUPPORTED MEMBER COMPANIES IN ADVANCING GOALS TOWARDS CHIP ACT RESOURCES, BY HOSTING REGULAR MEETINGS WITH THE GOVERNOR'S LEADER ON CA BUSINESS DEVELOPMENT AND WORKING WITH GO-BIZ STAFF TO CONNECT CHIPS ACT FUND APPLICANTS AND GOVERNMENT LEADERS. SVLG ALSO SUPPORTED THE SUCCESSFUL EFFORTS OF NEARLY A DOZEN MEMBER COMPANIES TO SECURE THE NORTHWEST AI MICROELECTRONICS HUB (WITH FUNDING FROM THE DEPARTMENT OF DEFENSE), HOUSED AT STANFORD UNIVERSITY. FINALLY, SVLG LAUNCHED THE RESPONSIBLE AI WORKING GROUP, HOSTING A SACRAMENTO LEGISLATORS DAY ON ARTIFICIAL INTELLIGENCE AND MEETING WITH AI BILL AUTHORS TO SHARE MEMBER PERSPECTIVES. SVLG WAS ALSO A KEY MEDIA RESOURCE ON AI, BEING FEATURED IN BLOOMBERG LAW, LA TIMES, SF CHRONICLE AND OTHERS. HOUSING & COMMUNITY DEVELOPMENTSVLG SUPPORT AND ADVOCACY HELPED CONTRIBUTE TO THE PLANNING AND CREATION OF OVER 27,000 HOUSING UNITS IN THE REGION. ADDITIONALLY, SVLG CO-SPONSORED STATE LEGISLATION TO SPEED UP THE POST-ENTITLEMENT PHASE PERMITTING PROCESS FOR HOUSING AND ADDRESSES A SIGNIFICANT HURDLE TO INCREASING THE CONSTRUCTION OF HOUSING. THIS BILL WAS SIGNED INTO LAW AND IS CITIED AS AN IMPORTANT STEP THAT WIL ACCELERATE HOUSING PRODUCTION AND HELP ADDRESS THE CURRENT SHORTFALL IN AVAILABLE UNITS. TRANSPORTATIONSVLG JOINTLY ADVOCATED ALONGSIDE A COALITION OF BUSINESS GROUPS, TRANSIT AGENCIES, AND ENVIRONMENTAL ADVOCATES CALLING FOR STATE FUNDING TO ADDRESS THE "FISCAL CLIFF," WHICH IS AN ANTICIPATED SHORTFALL IN REVENUES FOR BAY AREA TRANSIT AGENCIES IN THE STATE BUDGET. AFTER THE STATE INITIALLY PROPOSED $2 BILLION IN CUTS TO TRANSIT, THE FINAL STATE BUDGET ACTUALLY INCREASED THE AMOUNT PUT TOWARDS TRANSIT, AT A LEVEL IN THE END OF $5.1 BILLION. 4135690 0 1 0 1 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 14 0 25 1 0 0 0 0 0 0 0 0 0 0 X 53 52 0 0 0 0 1 0 1 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X THE SILICON VALLEY LEADERSHIP GROUP 4085017864 2460 N FIRST ST 260 SAN JOSE CA 95131 AHMAD THOMAS CEO 40.00 X X 645000 0 11250 JED YORK CHAIR 36.00 X X 0 0 0 JAMES GUTIERREZ VICE CHAIR 36.00 X X 0 0 0 ERIC YUAN VICE CHAIR 36.00 X X 0 0 0 VICKI HUFF ECKERT TREASURER 36.00 X X 0 0 0 PAUL A KING VICE CHAIR 36.00 X 0 0 0 ALAN LOWE VICE CHAIR 36.00 X 0 0 0 RAO MULPURI VICE CHAIR 36.00 X 0 0 0 KIM POLESE VICE CHAIR 36.00 X 0 0 0 SHARON RYAN VICE CHAIR 36.00 X 0 0 0 TOM WERNER VICE CHAIR 36.00 X 0 0 0 VINTAGE FOSTER VICE CHAIR 36.00 X 0 0 0 ANDREW HARRISON BOARD MEMBER 12.00 X 0 0 0 BOBBY BELL BOARD MEMBER 12.00 X 0 0 0 CARINA RUIZ SINGH BOARD MEMBER 12.00 X 0 0 0 CATHERINE ZIMMERMANN BOARD MEMBER 12.00 X 0 0 0 CHRIS PATTERSON BOARD MEMBER 12.00 X 0 0 0 CYNTHIA TENIENTE-MATSON BOARD MEMBER 12.00 X 0 0 0 CYNTHIA LARIVE BOARD MEMBER 12.00 X 0 0 0 CYNTHIA TREGILLIS BOARD MEMBER 12.00 X 0 0 0 DAVID CHUN BOARD MEMBER 12.00 X 0 0 0 DAVID HEARD BOARD MEMBER 12.00 X 0 0 0 DAWNET BEVERLEY BOARD MEMBER 12.00 X 0 0 0 DEAN FEALK BOARD MEMBER 12.00 X 0 0 0 DOUG GRAHAM BOARD MEMBER 12.00 X 0 0 0 ELIZABETH VILARDO BOARD MEMBER 12.00 X 0 0 0 ERIC L WILLIAMS BOARD MEMBER 12.00 X 0 0 0 ERIC KUTCHER BOARD MEMBER 12.00 X 0 0 0 ERIC HOUSER BOARD MEMBER 12.00 X 0 0 0 JAIME WONG BOARD MEMBER 12.00 X 0 0 0 JANET LAMKIN BOARD MEMBER 12.00 X 0 0 0 JASON BLEAU BOARD MEMBER 12.00 X 0 0 0 JEFFREY THOMAS BOARD MEMBER 12.00 X 0 0 0 JULIE SULLIVAN BOARD MEMBER 12.00 X 0 0 0 JUSTIN FEMMER BOARD MEMBER 12.00 X 0 0 0 KEN GOLDMAN BOARD MEMBER 12.00 X 0 0 0 LAURA GUIO BOARD MEMBER 12.00 X 0 0 0 LEE LAMBERT BOARD MEMBER 12.00 X 0 0 0 MARC BLAKEMAN BOARD MEMBER 12.00 X 0 0 0 MARY HUSS BOARD MEMBER 12.00 X 0 0 0 MATT ROSSIE BOARD MEMBER 12.00 X 0 0 0 NICK LOVRIEN BOARD MEMBER 12.00 X 0 0 0 RAQUEL GONZALEZ BOARD MEMBER 12.00 X 0 0 0 RON LOPES BOARD MEMBER 12.00 X 0 0 0 RUDY REYES BOARD MEMBER 12.00 X 0 0 0 SAM COBBS BOARD MEMBER 12.00 X 0 0 0 STACY FELD BOARD MEMBER 12.00 X 0 0 0 STACY OWEN BOARD MEMBER 12.00 X 0 0 0 STEVE CONLY BOARD MEMBER 12.00 X 0 0 0 TARKAN MANER BOARD MEMBER 12.00 X 0 0 0 TONI VANWINKLE BOARD MEMBER 12.00 X 0 0 0 TRAVIS KIYOTA BOARD MEMBER 12.00 X 0 0 0 WILLIAM NAGEL BOARD MEMBER 12.00 X 0 0 0 YAAD OREN BOARD MEMBER 12.00 X 0 0 0 LAURA WILKINSON HIGHEST PAID EMPLOYEE 40.00 X 235000 0 0 TIM MCRAE HIGHEST PAID EMPLOYEE 40.00 X 168046 0 8750 PETER LEROE-MUNOZ HIGHEST PAID EMPLOYEE 40.00 X 243529 0 11250 NADIA ANDERSON HIGHEST PAID EMPLOYEE 40.00 X 216517 0 0 1508092 0 31250 5 0 1 0 0 22400 22400 22400 MEMBERSHIP DUES 900099 3738198 3738198 MISC. SPECIAL PROJECTS 900099 230943 230943 OTHER PROJECT INCOME 900099 68796 68796 4037937 113 113 1674 3404 -1730 -1730 -1730 4058720 4036207 0 113 1508092 1357283 120647 30162 1710505 1539437 136858 34210 93459 84113 7477 1869 114090 102681 9127 2282 218484 196635 17479 4370 24299 24299 430898 303067 127831 14077 14077 63615 52566 10703 346 282962 254666 22637 5659 29951 29951 11613 10020 1102 491 7770 6993 622 155 11394 10255 1139 SPECIAL PROJECT EXPENSE 85280 85280 ADVOCACY FIRM 81885 81885 OTHER EXPENSES 7001 6781 220 BANK SERVICE CHARGES 4909 4909 4700284 4135690 485050 79544 59801 0 446189 481017 193240 182116 2283 1974 67198 58648 19724 8550 1285036 1035125 2006273 1708782 485650 504245 667500 978930 1299021 1313069 2452171 2796244 X -515898 -1127462 70000 40000 -445898 -1087462 2006273 1708782 -641564 0 X 1 X 0 0 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 1 3738198 179497 -1011036 -831539 560730 -1392269 60144 51594 8550 7054 7054 0 8550 DEPOSITS 26145 OPERATING LEASE RIGHT OF USE ASSET 1008980 1035125 OPERATING LEASE LIABILITIES 1063069 DUE TO FOUNDATION 250000 1313069 X PART X, LINE 2: THE GROUP 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 DECEMBER 31, 2023 MANAGEMENT DID NOT IDENTIFY ANY UNCERTAIN TAX POSITIONS. SCHEDULE D PART IX AND PART X AND FORM 990 PART X THE GROUP LEASES A BUILDING FOR OPERATIONS UNDER AN OPERATING LEASE. THE DETERMINATION OF WHETHER AN ARRANGEMENT IS A LEASE IS MADE AT THE LEASE'S INCEPTION. UNDER ACCOUNTING STANDARDS CODIFICATION 842, A CONTRACT IS (OR CONTAINS) A LEASE IF IT CONVEYS THE RIGHT TO CONTROL THE USE OF AN IDENTIFIED ASSET FOR A PERIOD OF TIME IN EXCHANGE FOR CONSIDERATION. THE GROUP ADOPTED THE NEW LEASE STANDARD UTILIZING THE MODIFIED RETROSPECTIVE TRANSITION METHOD, UNDER WHICH AMOUNTS IN PRIOR PERIODS WERE NOT RESTATED. THE GROUP ELECTED TO ADOPT THIS ASU METHOD EFFECTIVE JANUARY 1, 2022, AND UTILIZED ALL OF THE AVAILABLE PRACTICAL EXPEDIENTS. THE ADOPTION HAD A MATERIAL IMPACT ON THE GROUP'S STATEMENTS OF FINANCIAL POSITION BUT DID NOT HAVE A MATERIAL IMPACT ON THE STATEMENT OF ACTIVITIES OR FUNCTIONAL EXPENSES. THE MOST SIGNIFICANT IMPACT WAS THE RECOGNITION OF ROU ASSETS AND LEASE LIABILITIES FOR OPERATING LEASES. SCHEDULE D PART X AMOUNT DUE TO FOUNDATION PAID IN FULL 2024. X X X 0 0 0 AHMAD THOMAS CEO 645000 0 0 0 0 0 11250 0 0 0 656250 0 0 0 PETER LEROE-MUNOZ HIGHEST PAID EMPLOYEE 243529 0 0 0 0 0 11250 0 0 0 254779 0 0 0 LAURA WILKINSON HIGHEST PAID EMPLOYEE 235000 0 0 0 0 0 0 0 0 0 235000 0 0 0 NADIA ANDERSON HIGHEST PAID EMPLOYEE 216517 0 0 0 0 0 0 0 0 0 216517 0 0 0 TIM MCRAE HIGHEST PAID EMPLOYEE 168046 0 0 0 0 0 8750 0 0 0 176796 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS 53 MEMBERS. FORM 990, PART VI, SECTION A, LINE 7B DECISIONS MADE BY THE GOVERNING BODY ARE SUBJECT TO APPROVAL BY MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S CPA PREPARES AND PROVIDES A DRAFT OF THE FORM 990 TO THE ORGANIZATION'S MANAGEMENT. MANAGEMENT APPROVES THE DRAFT AND DISSEMINATES TO THE BOARD OF DIRECTORS PRIOR TO FILING THE FORM 990. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION HAS AN ANNUAL PROCESS FOR THE BOARD OF DIRECTORS TO DISCLOSE ALL INTERESTS IN OTHER COMPANIES AND ORGANIZATIONS TO ENSURE COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE ADVISORY COMMITTEE OF THE BOARD REVIEWS THE CEO'S ANNUAL SALARY. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE AVAILABLE UPON REQUEST. THE SILICON VALLEY LEADERSHIP GROUP FOUNDATION 2001 GATEWAY PLACE SUITE 101E SAN JOSE CA 95110 912140464 RESEARCH AND STUDY RELATED TO GENERAL PUBLIC POLICY ISSUES CA 501(C)(3) 170(B)(1)(A)(VI) N/A 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 1 0 SILICON VALLEY LEADERSHIP GROUP FOUNDATION L 16512 FAIR VALUE SILICON VALLEY LEADERSHIP GROUP FOUNDATION N 25209 FAIR VALUE