Nonprofit · EIN 30-0155873
SEMI FOUNDATION
Tax-exempt · MILPITAS, CA 95035
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $4,645,011 | $4,097,819 | $547,192 | $7,865,332 | $3,071,616 | $4,793,716 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $4,006,247
- of which government grants
- $1,929,089
- Program service revenue
- $430,378
- Investment income
- $208,386
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $23,125
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $8,089
- Accounting fees
- $24,478
- Occupancy
- $41,691
- Travel
- $157,170
- Program services (functional)
- $3,804,990
- Management and general (functional)
- $130,919
- Fundraising (functional)
- $161,910
Balance sheet and other
- Total assets, start of year
- $6,430,715
- Total assets, end of year
- $7,865,332
- Total liabilities, end of year
- $3,071,616
- Net assets, end of year
- $4,793,716
- Net assets without donor restrictions
- $2,886,449
- Net assets with donor restrictions
- $1,907,267
- Gross receipts
- $4,645,011
- Employees
- 0
- Volunteers
- 250
- Year formed
- 2002
- State of legal domicile
- CA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Ajit Manocha | Chairman, Pres & CEO Trustee or director, Officer | 4 | $0 | $1,756,592 | $1,473,321 |
| Kevin Bauer | CFO & Treasurer Officer | 2 | $0 | $773,540 | $623,583 |
| Shari Liss | Secretary, Executive Director Officer | 32 | $0 | $452,911 | $308,239 |
| Katy Crist | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Jonathan Davis | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Dana Ditmore | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Mary Puma | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Helen Grays-Jones | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Arthur W Zafiropoulo | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Debbie Gustafson | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Kate Dei Cas | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Patricia Macleod | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| John McLaughlin | Trustee Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 673 S MILPITAS BLVD, MILPITAS, CA 95035-5473
- In care of
- % KEVIN BAUER
- Principal officer (990 for 2024)
- Ajit Manocha, 673 South Milpitas Boulevard, Milpitas, CA 950355473
- Signed the 990
- Kevin Bauer, CFO & Bus. Operation
- Phone
- (408) 943-6900
- Return prepared by
- BDO USA
Mission
THE MISSION OF THE SEMI FOUNDATION IS TO SUPPORT ECONOMIC OPPORTUNITY FOR WORKERS AND THE SUSTAINED GROWTH OF THE MICROELECTRONICS INDUSTRY. WE ACCOMPLISH THIS THROUGH CREATING PATHWAYS AND OPPORTUNITIES FOR JOB SEEKERS, AND TOOLS AND SYSTEMS FOR SEMICONDUCTOR COMPANIES TO ATTRACT, DEVELOP, AND RETAIN AN INNOVATIVE AND SKILLED WORKFORCE.
Program accomplishments
- THE SEMI FOUNDATION CONTINUES TO FOCUS ON GLOBAL INITIATIVES THAT SUPPORT WORKFORCE DEVELOPMENT IN THE INDUSTRY. THE GOAL OF THE FOUNDATION'S WORK IS TO HELP ATTRACT CANDIDATES AND HELP DEVELOP A GLOBAL WORKFORCE TO SUSTAIN INDUSTRY INNOVATION AND GROWTH. ONE IMPORTANT INITIATIVE IS THE INDUSTRY IMAGE AND AWARENESS CAMPAIGN TO RAISE THE VISIBILITY OF THIS CRUCIAL INDUSTRY. THIS INCLUDES A NATIONAL MEDIA CAMPAIGN TO INSPIRE STUDENTS AND ADULTS TO JOIN THE MICROELECTRONICS INDUSTRY; AN ONLINE CAREER EXPLORATION PORTAL TO HELP STUDENTS AND JOB SEEKERS FIND EDUCATIONAL PATHWAYS AND CONNECTIONS TO EMPLOYERS; VIRTUAL VIDEO EVENTS THAT REACH MILLIONS OF HIGH SCHOOL STUDENTS ANNUALLY AND EDUCATE THEM ABOUT INDUSTRY PROFESSIONALS AND CAREERS; AND A DOCUMENTARY THAT EXPLORES AND ILLUMINATES THE INDUSTRY. THE SEMI FOUNDATION ALSO COORDINATES NUMEROUS ADDITIONAL PROGRAMS TO SUPPORT THE WORKFORCE PIPELINE, INCLUDING A MENTORING PROGRAM FOR INDUSTRY PROFESSIONALS TO CONNECT WITH STUDENTS, A VETWORKS INITIATIVE THAT RECRUITS MILITARY VETERANS TRANSITIONING INTO CIVILIAN LIFE, AND ONGOING INDUSTRY EVENTS NATIONWIDE FOCUSED ON WORKFORCE DEVELOPMENT. SEMI FOUNDATION ALSO SUPPORTS SUPPLIERS AND COMPANIES AND SPONSORS AN INDUSTRY RECOGNITION AWARD.Expenses $1,012,562 · grants $23,125 · revenue $191,378
- THE SEMI FOUNDATION SUPPORTS THE DEVELOPMENT OF REGISTERED APPRENTICESHIP TRAINING PROGRAMS, OTHER WORK-AND-LEARN PROGRAMS, AND CURRICULUM FOR HIGHSCHOOL, UPSKILLING, AND RESKILLING TO TRAIN WORKERS TO ENTER AND ADVANCE IN THE INDUSTRY. IN 2024, THE FOUNDATION SUPPORTED A REGISTERED APPRENTICESHIP PROGRAM IN CALIFORNIA AND WAS BUILDING SIMILAR PROGRAMS IN ARIZONA AND MICHIGAN. IN ADDITION, THE FOUNDATION DEVELOPED EXTENSIVE CURRICULUM FOR USE IN HIGH SCHOOLS, PREAPPRENTICESHIPS, AND OTHER TRAINING PROGRAMS. THE FOUNDATION IS FOCUSING ON EDUCATING THE SEMICONDUCTOR INDUSTRY ON THE REGISTERED APPRENTICESHIP MODEL AND ENCOURAGING ITS ADOPTION DUE TO ITS ABILITY TO EXPAND THE WORKFORCE AS AN INDUSTRY LED PROGRAM, PROVIDING WELLSKILLED WORKERS WHO HAVE JOB MOBILITY.Expenses $2,353,062 · revenue $180,000
- SINCE ITS INCEPTION, THE SEMI FOUNDATION HAS SPONSORED SEMI HIGH TECH U (HTU), AN INTERACTIVE EDUCATIONAL PROGRAM DESIGNED TO EXCITE STUDENTS THROUGHOUT ELEMENTARY, MIDDLE, AND HIGH SCHOOL ABOUT SCIENCE, TECHNOLOGY, ENGINEERING, AND MATH (STEM) AND EXPOSE THEM TO POTENTIAL CAREER OPPORTUNITIES IN THE MICROELECTRONICS INDUSTRY. IN 2024, THE SEMI FOUNDATION REACHED MORE THAN 3,000 STUDENTS IN THE UNITED STATES, EUROPE, AND SOUTHEAST ASIA; SINCE ITS LAUNCH, THE PROGRAM HAS SERVED MORE THAN 14,000 STUDENTS AND TEACHERS IN AUSTRIA, FRANCE, INDIA, JAPAN, KOREA, THE NETHERLANDS, SINGAPORE, AND TAIWAN.Expenses $439,366 · revenue $59,000
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 30-0155873
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2003
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B99)
- Assets (IRS master file)
- $7,865,332
- Income (IRS master file)
- $4,645,011
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $3,560,871 | $2,689,806 | $6,430,715 | IRS |
| 990 | December 2022 | $386,431 | $2,026,559 | $4,857,090 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS.
Questions about SEMI FOUNDATION
- What is the EIN of SEMI FOUNDATION?
- The employer identification number (EIN) of SEMI FOUNDATION is 30-0155873.
- Is SEMI FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2003.
- Are donations to SEMI FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SEMI FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of SEMI FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SEMI FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of SEMI FOUNDATION?
- The 990 for the year ended December 31, 2024 names Ajit Manocha.
- Who are the officers and directors of SEMI FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 13 people; 0 received compensation from the organization.
- How much revenue does SEMI FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $4,645,011, expenses of $4,097,819 and total assets of $7,865,332 at year end.
Other nonprofits in MILPITAS
- SOBRATO EARLY ACADEMIC LANGUAGE PROGRAM EIN 82-1426126 · last filed 990 for 2025
- RAISING A READER EIN 94-3390149 · last filed 990 for 2024
- STRIVE FOR COLLEGE INC EIN 27-2416448 · last filed 990 for 2025
- BAY AREA TUTORING ASSOCIATION EIN 32-0411828 · last filed 990 for 2025
- JNANA PRABODHINI FOUNDATION INC EIN 84-2674823 · last filed 990 for 2025
- NEW HOPE CHINESE CANCER CARE FOUNDATION EIN 46-2490094 · last filed 990 for 2026
- GLOBAL YOUTH LEADERSHIP CENTER INC EIN 86-1803624 · last filed 990 for 2024
- ASSO OF NO CA CHINESE SCHOOLS EIN 94-3118905 · last filed 990 for 2025