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Eit Ict Labs Silicon Valley Foundation

EIN 47-3461704 · San Francisco, CA

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

LegitimacyPassesRegistration and standingFinancial healthFair60 out of 100GovernanceWeak48 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

TO BRING TOGETHER RESEARCHERS, ACADEMICS AND BUSINESS PEOPLE IN THE UNITED STATES AND EUROPE, LINKING THE KNOWLEDGE TRIANGLE MODEL EDUCATION, RESEARCH AND INDUSTRY ACROSS INTERNATIONAL BOUNDARIES TO EMPOWER ICT TALENT DEVELOPMENT FOR THE FUTURE AND BRING ICT INNOVATIONS TO LIFE FOR THE BENEFIT OF THE PUBLIC.

Income
$293,115
Spending
$293,115
Spent on programs
95%
Reserves
10.5 months of spending
Largest source of income
donations and private grants, 97%
Employees
0
Volunteers
0

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Fair: 60 out of 100.

  • Reserves

    28 of 35

    Spendable reserves would cover 10.5 months of spending.

  • Debt

    5 of 20

    It owes 54% of what it owns.

  • Living within its means

    12 of 15

    Income exceeded spending by 0% of income.

  • Income trend

    0 of 15

    Income fell 53% on the year before.

  • Spending floor

    15 of 15

    95% of spending went to programs and raising each dollar of donations cost 0 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Weak: 48 out of 100.

  • Independent board

    0 of 25

    0 of 1 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.

  • Independent check of accounts

    6 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 December 31, 2024, 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. $277,463 spent. --EIT DIGITAL SILICON VALLEY HUB NATIONAL/REGIONAL SUPPORT: NATIONAL/REGIONAL SUPPORT PROGRAM AND RELATED EVENTS (E.G. SEC2SV AND EUROPESV).PROGRAM DETAILS: SUPPORT IN SILICON VALLEY FOR NATIONAL/REGIONAL INITIATIVES THAT INTEND TO CONNECT EUROPEAN INNOVATION ECOSYSTEMS TO SILICON VALLEY.--EIT DIGITAL ACCELERATOR SUPPORT IN SILICON VALLEY: CONTRIBUTIONS TO THE EIT DIGITAL ACCELERATOR. PROGRAM DETAILS: ACCESS-TO-MARKET SUPPORT FOR EUROPEAN SCALEUP COMPANIES THAT ARE INTERESTED IN DOING BUSINESS IN SILICON VALLEY.--EIT DIGITAL INDUSTRY ENGAGEMENT PROGRAM: SUPPORT FOR INDUSTRY PARTNERS, E.G. BY ORGANIZING HACKATHONS. PROGRAM DETAILS: ESTABLISHING LINKS BETWEEN SILICON VALLEY COMPANIES AND THE EUROPEAN INNOVATION ECOSYSTEM OF EIT DIGITAL, E.G. BY MEANS OF HACKATHONS.--EIT DIGITAL EDUCATION ACTIVITIES: STUDENT EXCHANGE AND COLLABORATION ON SPECIFIC EDUCATION PROGRAMS. PROGRAM DETAILS: RECRUITMENT OF US STUDENTS FOR EIT DIGITAL EDUCATION PROGRAMS IN EUROPE AND COLLABORATION ON SPECIFIC EDUCATION PROGRAMS, E.G. WITH UC BERKELEY AND COURSERA.--XKIC GLOBAL OUTREACH: EXPANDING GLOBAL INNOVATION EFFORTSPROGRAM DETAILS: THE CROSS-KIC GLOBAL OUTREACH PROGRAMME CONNECTS THE EIT'S INNOVATION ECOSYSTEM WITH STRATEGIC GLOBAL MARKETS, NARROWING THE COMPETITIVE GAP BETWEEN EUROPE AND OTHER INNOVATION LEADERS. IT ENABLES STARTUPS TO ATTRACT INVESTMENTS, LAUNCH INNOVATIONS GLOBALLY, AND BUILD CROSS-BORDER CONSORTIA.

Source: Form 990 for the year ending December 31, 2024, 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 December 2024.

    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 May 2016.

    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.