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Prospect Silicon Valley

EIN 27-0220018 · San Francisco, CA

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthFair63 out of 100GovernanceFair65 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

The purpose of the organization is to advance progress in sustainability and decarbonization of energy, transportation, and infrastructure.

Income
$1.1 million
Spending
$1.0 million
Spent on programs
56%
Reserves
5.7 months of spending
Largest source of income
fees for its services, 100%
Employees
8
Highest pay
$272,100, executive dir.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Fair: 63 out of 100. Higher than 37% of charities in its peer group (community improvement, $1m to $10m).

  • Reserves

    20 of 35

    Spendable reserves would cover 5.7 months of spending.

  • Debt

    5 of 20

    It owes 52% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 3% of income.

  • Income trend

    15 of 15

    Income rose 48% on the year before.

  • Spending floor

    8 of 15

    56% of spending went to programs.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Fair: 65 out of 100. Higher than 14% of charities in its peer group (community improvement, $1m to $10m).

  • Independent board

    25 of 25

    7 of 7 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    0 of 8

    Reports no written whistleblower policy.

  • Record keeping policy

    0 of 7

    Reports no written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    0 of 5

    Reports no independent review process for its chief executive's pay.

  • Independent check of accounts

    0 of 15

    Its accounts were not audited or reviewed by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (1)
  1. $579,452 spent. For more information please visit www.prospectsv.org/our-workBuilding Decarbonization Policy SupportProspectSV is supporting nationwide policy research with LBNL, to characterize howindustry tools, services, programs, and finance may or may not support compliancewith Building Performance Standards (BPS) for smaller buildings and small portfolios.Our work includes researching BPS-relevant software tools for owners of underservedbuildings who have limited resources and internal expertise. Activities under thistask include conducting outreach and interviews with product providers, developingoverviews of capabilities and benefits of products reviewed, and distributing resultsin a snapshot analysis to target audiences. Also, ProspectSV is conducting alandscape study of financing mechanisms related to decarbonization investments forsmall businesses and under-served buildings, with a focus on building performancestandard compliance and electrification. In addition, ProspectSV is engaging BPSstakeholder working groups that will help inform LBNLs BPS Policy TechnicalAssistance efforts by identifying specific building owner needs. We engage owners,capital entities, and other CRE stakeholders on policy impacts, trends, and riskassessment approaches. The impact of this work will be tailored approaches to engagesmall building CRE to accelerate market-achievable decarbonization and efficiencyimprovements nationwide.Decarbonization Advisory SupportProspectSV provided Technical Advisory Support to the City of Palo Alto Utility, providing expert resources and tools to assist the Utility and its customers implement projects under a new decarbonization incentive program. We provide assistance that helps institutions gain valuable insight and a path forward with fleet and building projects, with an eye toward clear asset inventories, rational project development, and a long-term financial outlook and highest ROI on carbon emissions reduction. For building owners, we provide insight on priority system replacements and highest benefit, and a strategic review of their portfolio, including key decarbonization considerations for each building analyzed, and relevant funding and incentives. Where appropriate, we provide insights on emergingsolutions and upcoming opportunities to gain operational efficiencies leveraging newtechnology.Clean Mobility in SchoolsProspectSV is partnering with Twin Rivers Unified School District (TRUSD) and otherorganizations on the California Air Resources Board (CARB)-funded California Capitol Pilot Project: Showcasing Zero-Emission Mobility in Schools Project (Clean Mobility in Schools). The project will support transformative emission reduction strategies at TRUSD, located in disadvantaged communities (DACs), and will showcase a comprehensive array of zero-emission mobility solutions for schools throughout California.ProspectSV is providing overall program management and administration in conjunctionwith TRUSD as the prime grant recipient.The grant includes:Zero-emission school buses with managed charging, and a solar installationZero-emission maintenance and landscape equipmentZero-emission van pool and car-sharing programs for district and community useWorkforce training, outreach, and events in the school and surrounding communityOther project partners include: Climatec, InCharge Energy, Enterprise Van, Fairway EV & Tropos Motors, FordPro, Hilmar Rentals, Lion Electric, Aura Planning, BreatheCalifornia, Climate Action Pathways for Schools (CAPS), Sacramento Clean CitiesCoalition (SCCC), Sacramento Metro Air Quality Management District (SMAQMD),Sacramento Employment and Training Agency (SETA), Sacramento Municipal UtilityDistrict (SMUD), and Los Rios Community College.Technology Demonstration SupportProspectSV partners with technology innovators, R&D, Corporate, Operations andEngineering partners to demonstrate innovative technology applications to addressknown, broad scale barriers to mobility, building efficiency, decarbonization, andother quality of life factors. Our work in this area includes advising and supporting startups with innovative solutions and challenges in commercialization. We partner broadly to pursue funding opportunities from public sector programs including the California Energy Commission EPIC Program. To date we have conducted technology demonstrations and pilots in buildings and transportation sectors, and have conducted a program (Empower Procurement) aimed at process and policy improvements for institutional entities adoption of energy related hardware and services including fleet, building, and distributed energy resource technologies. Active Technology Demonstration Support has included pilots in advanced electric bus fleet charging and energy management, natural refrigerant heat pump applications in commercial and industrial buildings, and innovative power management and resiliency strategies for multifamily buildings with constrained electrical capacity.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending June 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since June 2010.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.