Semi
501(c)(6)
Only null% goes to programs Strong reserves Growing revenue
Semi is a 501(c)(6) organization based in Milpitas, California, registered in 1972, with $108,857,917 in FY2024 revenue. CharityIndex grades it A.
673 S Milpitas Blvd, Milpitas, CA, 95035 EIN 94-1751440 Since 1972
Revenue (FY2024)
$108.9M
▲ 44.9% vs prior year
Expenses (FY2024)
$82.3M
Net assets
$89.6M
Employees
62
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Semi— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating13 mo reserves · +24% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Semi: 13 mo reserves · +24% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Semi: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
BTransparency10% of the rating3 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Semi: 3 of 5 disclosure signals earns a B on this criterion. See the exact thresholds →
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Mission
Semi is a not-for-profit organization formed to promote and support the global electronics supply chain. semi members consist of corporations, companies, firms, or organizations, or departments or subdivisions thereof, whose interest
Contact & location
- Address
- 673 S Milpitas Blvd, Milpitas, CA, 95035
- City
- Milpitas
- State
- California
- Category
- —
- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $41.7M (FY2013) to $108.9M (FY2024) across 11 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $55.8MNet assets $89.6M
Operating margin
24.4%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$145.3M
Total liabilities
$55.8M
Net assets
$89.6M
Salaries & benefits
$29.8M
36% of expenses
Board members
21
20 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $108,857,917▲44.9% | $82,287,853▲39.7% | $89,568,653▲48.5% | $145,321,053▲15.7% | 990 |
| 2023 | $75,102,384▲19.8% | $58,885,725▲3.3% | $60,323,521▲41.3% | $125,561,245▲28.9% | 990 |
| 2022 | $62,669,515▲8.8% | $57,002,114▼0.9% | $42,687,334▲11.5% | $97,438,240▼2.9% | 990 |
| 2021 | $57,588,828▲48.5% | $57,498,403▲20.4% | $38,292,473▲3.0% | $100,332,447▲9.6% | 990 |
| 2020 | $38,776,132▼30.1% | $47,757,878▼16.6% | $37,191,906▼17.3% | $91,537,876▼5.0% | 990 |
| 2019 | $55,461,302▲22.3% | $57,245,704▲27.8% | $44,969,335▼3.1% | $96,356,168▲14.4% | 990 |
| 2018 | $45,334,707▼1.9% | $44,776,080▲4.3% | $46,386,662▲5.3% | $84,233,260▲8.1% | 990 |
| 2017 | $46,191,514▲3.6% | $42,909,810▲0.5% | $44,065,771▲11.0% | $77,887,401▲7.7% | 990 |
| 2016 | $44,580,473▲18.9% | $42,690,346▲28.3% | $39,707,639▲11.7% | $72,350,874▲14.6% | 990 |
| 2014 | $37,507,380▼10.1% | $33,281,445▼13.6% | $35,556,337▲7.0% | $63,107,940▲5.0% | 990 |
| 2013 | $41,725,015 | $38,530,891▼4.3% | $33,219,453▲15.2% | $60,087,174▲0.6% | 990 |
| 2012 | — | $40,261,283▲4.5% | $28,848,556▲26.1% | $59,756,649▲9.4% | 990 |
| 2011 | — | $38,545,471▼1.8% | $22,875,813▲23.1% | $54,632,249▲9.1% | 990 |
| 2010 | — | $39,233,428 | $18,577,620 | $50,083,239 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Ajit Manocha — $1,756,592 (2.13% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Ajit Manocha | President & Ceo | 40 | $1,756,592 |
| Kevin Bauer | Cfo, Business Operations | 40 | $773,540 |
| Bettina Weiss | Chief of Staff & Corporate Str | 40 | $530,014 |
| John M Cooney | Vp, Global Public Policy & Adv | 40 | $519,379 |
| Melissa Grupen-shemansky | Vp, Technology Communities | 40 | $516,460 |
| Joseph Stockunas | President, Semi Americas | 40 | $485,927 |
| Geraldine Tan | Vp, Finance | 40 | $468,662 |
| Mousumi Bhat | Vp, Semi Global Sustainability | 40 | $465,064 |
| Shari Liss | Executive Director, Semi Found | 8 | $452,911 |
| Tim Brosnihan | Executive Director, Msig | 40 | $376,249 |
| Vicki L Jeska | Sr. Director. Global Human Res | 40 | $366,450 |
| Olivier Naimi | Project Director, Digital Tran | 40 | $306,579 |
| Benjamin Loh | Trustee | 1 | — |
| Bertrand Loy | Past Chair | 1 | — |
| Chun Hyuk Lee | Trustee | 1 | — |
| Daisuke Murata | Trustee | 1 | — |
| Doris Hsu | Trustee | 1 | — |
| Eric Johnson | Trustee | 1 | — |
| Jinrong Zhao | Trustee | 1 | — |
| Jon Kemp | Trustee | 1 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Global Experience Specialists Inc | Semicon West | $1,120,540 |
| Event Technology Services LLC | Semicon West | $996,315 |
| Dla Piper LLP - Us | Legal Services | $770,931 |
| The Research Foundation For State U | Govt Project Contrac | $720,024 |
| Palo Alto Research Center Inc | Govt Project Contrac | $613,609 |
Grants received · $150K total
1 grant to Semi totaling $150K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Flextech Alliance Inc | Research in flexible hybrid electronics | 2016 | $150,069 |
Grants made · $250K in FY2020
1 grant totaling $250K in FY2020. All grants made by Semi →
| Recipient | Purpose | Amount |
|---|---|---|
| Semi Foundation | Education programs | $250,000 |
Frequently asked questions
- Is Semi a legitimate nonprofit?
- Yes. Semi is a 501(c)(6) organization registered with the U.S. Internal Revenue Service under EIN 94-1751440, based in Milpitas, California.
- What is Semi's EIN?
- Semi's Employer Identification Number (EIN) is 94-1751440.
- How much revenue does Semi report?
- Semi reported $108,857,917 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Semi have?
- CharityIndex grades Semi A, based on financial health (reserves and operating margin).
- How much does Semi's highest-paid employee make?
- The highest reported compensation on Semi's latest Form 990 is $1,756,592, paid to Ajit Manocha (President & Ceo).
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Explore more
Data for Semi (EIN 94-1751440) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.