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Prospect Silicon Valley

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 270220018 ✦ San jose, CA ✦ Designated as a 501(c)(3)

Overview

What is Prospect Silicon Valley?

Prospect Silicon Valley, based in San Jose, California, serves as a catalyst for sustainability and decarbonization in energy, transportation, and infrastructure. Through various projects, the organization works with partners to install EV charging stations, develop energy management platforms for large vehicles, and explore automated people counting technology. They also engage in procurement initiatives to promote clean energy solutions and advise on smart building technologies. The organization is committed to reducing carbon emissions and fostering progress in sustainable energy practices.


Official website here: www.prospectsv.org

Is Prospect Silicon Valley legitimate?

Prospect Silicon Valley is a legitimate nonprofit organization registered as a 501(c)(3) entity. Prospect Silicon Valley submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $207,561
Professional Fundraising Fees: $0
Other Salaries and Wages: $386,802

For more financial information, click here


Official website here: www.prospectsv.org

What is the mission statement of Prospect Silicon Valley?

Prospect Silicon Valley's mission is centered around promoting progress in sustainability and decarbonization, specifically in the sectors of energy, transportation, and infrastructure. They achieve this through various initiatives, such as managing grants for the installation of electric vehicle charging stations in communities, developing guides for electric vehicle fleets, and leading projects to integrate energy management platforms for large vehicles. Additionally, they conduct market research to improve automated people counting technology and advance connected vehicle technology. Their activities also include assessing market needs for clean energy solutions and upgrading existing buildings to achieve near-zero energy utilization.


Official website here: www.prospectsv.org

Who is the CEO of Prospect Silicon Valley?

Douglas Davenport is the Executive Dir. of Prospect Silicon Valley.


Official website here: www.prospectsv.org

What is the revenue of Prospect Silicon Valley?

Prospect Silicon Valley's revenue in 2022 was $888,763.


Official website here: www.prospectsv.org

Who are the executives of Prospect Silicon Valley and what are their salaries?

The average compensation at Prospect Silicon Valley during 2022 was $74,295. There are 8 employees at Prospect Silicon Valley.

Here are 4 key members and their salaries:

    Douglas Davenport (Executive Dir.) [Trustee/Director]
  • Compensation: $190,000
  • Related: $0
  • Other: $17,561

    • Andrew Huynh (Business Manager)
  • Compensation: $131,100
  • Related: $0
  • Other: $0

    • Gordon Ho (Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michael Wu (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.prospectsv.org

    Where can I find the form 990 for Prospect Silicon Valley?

    The Prospect Silicon Valley’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.prospectsv.org

    Learn more at the official website: www.prospectsv.org

    Mission Statement of Prospect Silicon Valley

    Prospect Silicon Valley, a nonprofit organization, is dedicated to driving progress towards sustainability and decarbonization in the sectors of energy, transportation, and infrastructure. Their mission involves guiding various communities in planning and installing electric vehicle charging ports, promoting zero-emission vehicles. Through projects like the Bay Area Charge Ahead Project, they have installed charging stations in numerous locations across the Bay Area, assisting 17 Bay Area communities in the process. Prospect Silicon Valley also focuses on decarbonizing transportation, working with partners to develop energy management platforms for large vehicles, particularly battery electric transit buses. Additionally, the organization conducts market research studies to understand and improve automated people counting technology, aiming to enhance transit services across jurisdictions. In the realm of sustainable buildings, Prospect Silicon Valley leads procurement programs to bridge the gap between clean energy companies and institutional and commercial customers, ultimately promoting the adoption of distributed energy resource solutions.

    Impact

    This information is meant to be a general summary of Prospect Silicon Valley. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Prospect Silicon Valley's impact lies in advancing progress towards sustainability and decarbonization of energy, transportation, and infrastructure. Through initiatives like the Bay Area Charge Ahead Project (BayCAP), ProspectSV has successfully guided 17 Bay Area communities in planning and installing 152 electric vehicle charging ports, contributing to the growth of zero-emissions vehicles in the region.

    Additionally, ProspectSV's efforts in projects such as developing an energy management platform for charging large electric transit buses have not only helped in avoiding demand charges but have also showcased the possibilities of smart charging in the U.S. transit industry. This work has provided valuable guidance that has been shared with transit agencies nationwide.

    Furthermore, in the realm of advanced mobility, ProspectSV's collaborations with UC Berkeley to understand automated people counting technology and promote connected vehicle technology have paved the way for innovations in transit services. The organization's work in analyzing the potential costs and benefits of automated shuttles for first- and last-mile connections to transit in Santa Clara County has provided valuable insights for planners across the country.

    On the front of next-generation buildings, ProspectSV's Empower Procurement Program and projects like the San Francisco Whole Foods Zero-Net Energy Project have been instrumental in bridging the gap between clean energy companies and institutional customers, driving the adoption of energy-efficient solutions and contributing to the reduction of carbon emissions.

    In essence, Prospect Silicon Valley's impact is tangible and significant, playing a key role in driving forward sustainable practices and technologies in the areas of energy, transportation, and infrastructure.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $100
  • Program Service Revenue: $663,256
  • Gross Receipts: $888,763

    • Assets and Liabilities:
  • Total Assets: $610,362
  • Total Liabilities: $316,206
  • Net Assets: $294,156
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    Program Support

    Revenue

    $660,756

    StartUp Program

    Revenue

    $2,500

    Organization Details

    Founding Year

    2009

    Principal Officer

    Douglas Davenport

    Main Address

    3031 Tisch Way 1018, San Jose, CA, 95128

    NTEE Category

    Code: S31 - Community improvement

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