2024-09-29T09:14:56-05:00 2023-12-31 861065772 DELOITTE TAX LLP 12830 EL CAMINO REAL SUITE 600 SAN DIEGO CA 92130 990 2023-01-01 201588459 TIDES TWO RIVERS FUND TIDE 4155616400 1012 TORNEY AVENUE SAN FRANCISCO CA 94129 JAMES LUM TREASURER/CFO 4155616400 2024-09-24 1 0 JOCELYNE MILLER P00634378 6192326500 2023 2024-10-15 13:58:12Z JANIECE EVANS-PAGE 1012 TORNEY AVENUE SAN FRANCISCO CA 94129 1130202 0 X WWW.TIDES.ORG X 2005 CA TO PROVIDE ECONOMICAL AND SUSTAINABLE WORKPLACE FACILITIES AND COMMUNITY-BASED SERVICES TO TIDES FOUNDATION, TIDES CENTER, AND NONPROFIT ORGANIZATIONS THAT FURTHER TIDES' CHARITABLE MISSION. TIDES TWO RIVERS FUND ACTS AS A SUPPORTING ORGANIZATION TO TIDES FOUNDATION AND TIDES CENTER. 3 0 0 0 0 0 0 0 1171906 1130050 0 0 0 152 1171906 1130202 0 0 0 0 0 0 0 0 0 811884 1200682 811884 1200682 360022 -70480 9611410 9095062 12458146 12067628 -2846736 -2972566 MANAGE COLLABORATIVE WORK AND EVENT SPACES THAT BRING TOGETHER A DIVERSE COMMMUNITY OF LEADERS AND ORGANIZATIONS IN PURSUIT OF ADVANCING SOCIAL JUSTICE. 0 0 1050052 1130202 TIDES TWO RIVERS FUND OPERATES NONPROFIT CENTERS IN NEW YORK, WHICH PROVIDE OFFICE SPACE FOR THE INTERNAL OPERATIONS OF TIDES FOUNDATION, TIDES CENTER, AND MANY OTHER CHARITABLE AND/OR MISSION-ALIGNED ORGANIZATIONS, WHILE FOSTERING OPPORTUNITIES FOR COMMUNITY BUILDING AND CONNECTIONS. 1050052 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 2 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 3 0 1 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 CA NY X X JAMES LUM 4155616400 1012 TORNEY AVENUE SAN FRANCISCO CA 94129 JANIECE EVANS-PAGE DIRECTOR, CHAIR 2.00 53.00 X X 0 767769 28192 SUNEELA JAIN DIRECTOR, SECRETARY 3.00 52.00 X X 0 364674 47465 JAMES LUM DIRECTOR, TREASURER (FROM 5/2023) 4.00 51.00 X X 0 322612 38704 HOLDEN LEE DIRECTOR, TREASURER (THRU 5/2023) 4.00 51.00 X X 0 269147 23888 DAVID SCHRAYER DIRECTOR (THRU 11/2023) 2.00 42.00 X 0 165231 29332 0 1889433 167581 0 0 1 0 0 RENTAL INCOME 531120 1090220 1090220 TENANT SERVICES 531390 39830 39830 1130050 152 152 152 1130202 1130202 0 0 109022 109022 25330 25330 16278 16278 56675 56675 40312 40312 334357 334357 1925 1925 146554 146554 357627 357627 45851 45851 LICENSES 6504 6504 BANK FEES 4237 4237 56010 56010 1200682 1050052 150630 0 421545 261711 5668 16446 1674 14497481 5864767 8975334 8632714 200922 182517 7941 0 9611410 9095062 62021 84553 45315 42574 4104804 3684676 8246006 8255825 12458146 12067628 X -2846736 -2972566 -2846736 -2972566 9611410 9095062 -70480 -55350 0 X 0 1 X 1 0 X X 2 TIDES FOUNDATION 510198509 7 1 0 0 TIDES CENTER 943213100 7 1 0 0 2 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 SCHEDULE A, PART IV, SECTION A, LINE 6: TIDES TWO RIVERS FUND (TTRF) OPERATES GREEN NONPROFIT CENTERS THAT PROVIDE AFFORDABLE QUALITY WORK AND PROGRAM SPACE FOR TIDES FOUNDATION AND TIDES CENTER AS WELL AS OTHER NONPROFIT, TAX EXEMPT ORGANIZATIONS. CONSISTENT WITH ITS STATUS AS A TYPE I SUPPORTING ORGANIZATION, AS WELL AS ITS ORGANIZATIONAL DOCUMENTS AND APPROVED APPLICATION FOR EXEMPT STATUS, TIDES TWO RIVERS FUND (TTRF) ENGAGES SOLELY IN ACTIVITIES THAT SUPPORT OR BENEFIT ITS SUPPORTED ORGANIZATIONS UNDER ITS DIRECTION AND CONTROL. 1710828 1710828 11801628 5038810 6762818 891164 732096 159068 93861 93861 0 8632714 NOTES PAYABLE RELATED ORGANIZATIONS 8143120 SECURITY DEPOSITS 55035 PAYABLE - RELATED PARTY 57670 8255825 X PART X, LINE 2: MANAGEMENT EVALUATED TIDES ORGANIZATIONS' TAX POSITIONS AND CONCLUDED THAT THEY HAD MAINTAINED THEIR TAX EXEMPT STATUS AND HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE CONSOLIDATED FINANCIAL STATEMENTS. THEREFORE, NO PROVISION OR LIABILITY FOR INCOME TAXES HAS BEEN INCLUDED IN THE CONSOLIDATED FINANCIAL STATEMENTS. 0 0 0 0 0 0 0 0 0 JANIECE EVANS-PAGE DIRECTOR, CHAIR 0 578566 0 187140 0 2063 0 0 0 28192 0 795961 0 0 SUNEELA JAIN DIRECTOR, SECRETARY 0 315101 0 49260 0 313 0 15279 0 32186 0 412139 0 0 JAMES LUM DIRECTOR, TREASURER (FROM 5/2023) 0 295969 0 25675 0 968 0 13667 0 25037 0 361316 0 0 HOLDEN LEE DIRECTOR, TREASURER (THRU 5/2023) 0 180120 0 43015 0 46012 0 11485 0 12403 0 293035 0 0 DAVID SCHRAYER DIRECTOR (THRU 11/2023) 0 146073 0 713 0 18445 0 8374 0 20958 0 194563 0 0 PART I, LINE 3: THE ORGANIZATION'S CEO IS COMPENSATED BY TIDES NETWORK, A RELATED ORGANIZATION AND THE CEO'S LEGAL EMPLOYER. THROUGH A COST SHARING ARRANGEMENT, TIDES TWO RIVERS FUND PAYS TIDES NETWORK AN ALLOCATED PORTION OF THE CEO'S TOTAL COMPENSATION. TIDES NETWORK UTILIZES THE FOLLOWING METHODS TO ESTABLISH COMPENSATION FOR THE CEO: INDEPENDENT COMPENSATION CONSULTANT, COMPENSATION SURVEY OR STUDY, AND REVIEW AND APPROVAL BY THE EXECUTIVE COMPENSATION SUBCOMMITTEE AND THE BOARD OF DIRECTORS. A PUBLIC FINANCE AUTHORITY 273866124 000000000 2018-09-20 6156508 REFUND BOND DATED 12/24/2013 0 0 0 A 2312280 6156508 6156508 2007 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 1 0 1 0 0 0 1 A 1 SCHEDULE K, PART I, COLUMN (E): THE DIFFERENCE BETWEEN THE ISSUE PRICE REPORTED ON SCHEDULE K, PART I, COLUMN (E) AND THE AMOUNT REPORTED ON THE FORM 8038 FILED WITH THE INTERNAL REVENUE SERVICE PERTAINS TO PROCEEDS OF THE TAX-EXEMPT BOND WHICH BENEFITED TIDES, INC., A RELATED TAX-EXEMPT ORGANIZATION. SCHEDULE K, PART II, LINE 13, COLUMN (A): THE TAX-EXEMPT BONDS WERE INITIALLY ISSUED IN 2007 AND REISSUED IN 2013, THEN AGAIN IN 2018, WITH THE UNDERLYING ASSETS BEING SUBSTANTIALLY COMPLETED IN OR ABOUT 2007. FORM 990, PART VI, SECTION A, LINE 2 JANIECE EVANS-PAGE, SUNEELA JAIN, HOLDEN LEE, AND JAMES LUM WERE EMPLOYEES AND OFFICERS OF TIDES NETWORK, A RELATED ORGANIZATION TO TIDES TWO RIVERS FUND. IN ADDITION, DAVID SCHRAYER WAS AN EMPLOYEE OF TIDES NETWORK. FORM 990, PART VI, SECTION A, LINE 6 TIDES TWO RIVERS HAS ONE SOLE MEMBER, TIDES NETWORK, A SECTION 501(C)(3) ORGANIZATION FORM 990, PART VI, SECTION A, LINE 7A EACH OF THE DIRECTORS OF THE TIDES TWO RIVERS FUND IS APPOINTED BY THE ORGANIZATION'S SOLE MEMBER, TIDES NETWORK. EACH DIRECTOR OF TIDES NETWORK IS A DIRECTOR OF EITHER TIDES FOUNDATION OR TIDES CENTER, THE SUPPORTED ORGANIZATIONS OF TIDES TWO RIVERS FUND. FORM 990, PART VI, SECTION A, LINE 7B ACTION BY THE BOARD OF DIRECTORS OF TIDES TWO RIVERS FUND (TTRF) ON THE FOLLOWING MATTERS SHALL BE EFFECTIVE ONLY WITH THE CONSENT OF THE BOARD OF DIRECTORS OR EXECUTIVE COMMITTEE OF TIDES NETWORK: (I) ANY CHANGE IN THE FUNDAMENTAL NATURE OR STATED PURPOSES FOR WHICH TTRF IS ORGANIZED, (II) THE ADOPTION OF THE STRATEGIC PLANS FOR TTRF, (III) THE ADOPTION OF THE ANNUAL CAPITAL AND OPERATING BUDGETS FOR TTRF, (IV) BORROWING MONEY FOR CAPITAL OR OPERATING NEEDS OF TTRF OR CUMULATIVE BORROWING IN EXCESS OF $100,000 FOR ANY PURPOSE, (V) ENTERING INTO ANY TRANSACTION OUTSIDE THE ORDINARY COURSE OF BUSINESS OF OPERATING TIDES TWO RIVERS FUND, (VI) PURCHASE, SALE, LEASE, MORTGAGE, DISPOSITION, OR HYPOTHECATION OF REAL PROPERTY OF TTRF IN ANY TRANSACTION INVOLVING AGGREGATE CONSIDERATION OF $1,000,000 OR MORE, (VII) MERGER, CONSOLIDATION, OR SIMILAR REORGANIZATION OF THE CORPORATE STRUCTURE, OR DISSOLUTION, OF THE TTRF, (VIII) SELECTION OF THE CHIEF EXECUTIVE OFFICER AND THE AUDITORS OF THE TTRF, (IX) AMENDMENT, REPEAL, OR ADOPTION OF THE ARTICLES OF INCORPORATION OR BYLAWS. TIDES NETWORK AS THE SOLE MEMBER OF TIDES TWO RIVERS FUND HAS THE SOLE POWER TO: (I) VOTE ON ANY AMENDMENT TO ARTICLE 6 (SOLE MEMBER) OF THESE BYLAWS (II) THE DISSOLUTION OF TIDES TWO RIVERS FUND PROVIDED TIDES NETWORK SHALL FIRST SOLICIT THE OPINION OF THE BOARD OF DIRECTORS OF TIDES TWO RIVERS FUND (III) THE APPOINTMENT OF TIDES TWO RIVERS FUND DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT TAX ACCOUNTANT IN CONJUNCTION WITH THE ORGANIZATION'S FINANCE AND ACCOUNTING DEPARTMENT. THE TREASURER/CFO AND LEGAL COUNSEL, AND COMPLIANCE REVIEW A DRAFT OF THE FORM 990; ADJUSTMENTS ARE MADE AS NECESSARY. THE FORM 990 IS THEN SENT TO THE AUDIT RISK COMMITTEE FOR REVIEW PRIOR TO FILING. A COMPLETE COPY OF THE FORM 990 IS THEN PROVIDED TO THE MEMBERS OF THE BOARD OF DIRECTORS PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C UNDER THE TERMS OF THE CONFLICT OF INTEREST POLICY, COVERED INDIVIDUALS, INCLUDING OFFICERS AND MEMBERS OF THE BOARD OF DIRECTORS, CENTER ADVISORY BOARDS, AND DESIGNATED STAFF ARE REQUIRED TO SUBMIT CONFLICT OF INTEREST DISCLOSURE STATEMENTS AT THE TIME A PERSON BECOMES A COVERED INDIVIDUAL AND ANNUALLY THEREAFTER. THE POLICY REQUIRES COVERED INDIVIDUALS TO PERIODICALLY UPDATE THE CONFLICT OF INTEREST STATEMENT AS MATERIAL FACTS CHANGE, AS WELL AS MAKE VERBAL AND/OR WRITTEN DISCLOSURES OF POTENTIAL CONFLICTS OF INTEREST AS THEY ARISE. AT ANY TIME THAT A POTENTIAL OR ACTUAL CONFLICT OF INTEREST IS IDENTIFIED, DISCLOSURE MUST BE MADE TO THE BOARD OF DIRECTORS, THE APPROPRIATE COMMITTEE, OR STAFF (DEPENDING ON THE NATURE OF THE POTENTIAL OR ACTUAL CONFLICT). PRIOR TO ACTING ON ANY MATTER WHERE A POTENTIAL OR ACTUAL CONFLICT IS IDENTIFIED WITH RESPECT TO AN OFFICER OR MEMBER OF THE BOARD, THE CONFLICT AND ALL MATERIAL FACTS RELATED TO IT MUST BE FULLY DISCLOSED BY THE COVERED INDIVIDUAL TO THE BOARD PRIOR TO CONSIDERATION OF THE PROPOSED MATTER. IF THE BOARD DETERMINES A CONFLICT OF INTERESTS EXISTS, THE COVERED INDIVIDUAL, IF REQUESTED TO DO SO BY THE CHAIR OF THE BOARD, MAY PROVIDE ADDITIONAL FACTUAL INFORMATION REGARDING THE AFFECTED TRANSACTION, BUT MAY NOT PARTICIPATE IN OR ATTEMPT TO INFLUENCE DELIBERATION AND VOTING. THE COVERED INDIVIDUAL MUST BE EXCUSED FROM THE MEETING PRIOR TO DELIBERATION, AND MAY NOT RETURN UNTIL DELIBERATION AND VOTING ON THE MATTER HAVE BEEN CONCLUDED. THE POLICY PROVIDES FOR SIMILAR PROCEDURES FOR ADVISORY COMMITTEES TO ADDRESS MATTERS THAT ARE DECIDED AT THE ADVISORY COMMITTEE LEVEL. IF QUESTIONS ARISE WITH RESPECT TO THE POLICY OR PROCEDURES FOR DISCLOSING A POTENTIAL OR ACTUAL CONFLICT, THE MATTER MAY BE REFERRED TO HUMAN RESOURCES OR THE LEGAL, COMPLIANCE AND RISK DEPARTMENT FOR REVIEW AND RESOLUTION CONSISTENT WITH THE POLICY. IN THE EVENT OF A DELAY IN COLLECTION OF DISCLOSURE STATEMENTS, THE ORGANIZATION TAKES STEPS TO ADDRESS SO THAT THE FORMS ARE BROUGHT UP TO DATE. FORM 990, PART VI, SECTION B, LINE 15 THE CEO, OFFICERS, AND KEY EMPLOYEES OF THE ORGANIZATION ARE ALL COMPENSATED BY TIDES NETWORK, A RELATED ORGANIZATION AND SUCH PERSONS' LEGAL EMPLOYER. THROUGH A COST SHARING ARRANGEMENT, TIDES TWO RIVERS FUND PAYS TIDES NETWORK AN ALLOCATED PORTION OF SUCH PERSONS' TOTAL COMPENSATION. AS SUCH, FORM 990, PART VI, SECTION B, LINES 15A AND 15B HAVE BEEN MARKED "NO", AS PROVIDED BY THE FORM 990 INSTRUCTIONS. PLEASE REFERENCE THE DISCLOSURE IN SCHEDULE O OF THE TIDES NETWORK FORM 990 FOR A DISCUSSION REGARDING HOW COMPENSATION IS DETERMINED FOR THESE INDIVIDUALS. FORM 990, PART VI, SECTION C, LINE 19 THE FINANCIAL STATEMENTS ARE PROVIDED ON THE ORGANIZATION'S WEBSITE. THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE NOT GENERALLY PROVIDED. TIDES FOUNDATION 1012 TORNEY AVENUE SAN FRANCISCO CA 94129 510198509 GRANTMAKING CA 501(C)(3) 7 TIDES NETWORK 1 TIDES CENTER 1012 TORNEY AVENUE SAN FRANCISCO CA 94129 943213100 PROJECT DEVELOPMENT & MANAGEMENT CA 501(C)(3) 7 TIDES NETWORK 1 TIDES INC 1012 TORNEY AVENUE SAN FRANCISCO CA 94129 571138099 DEVELOP/OPERATE FACILITIES MGMT AND MULTI-TENANT NONPROFIT CENTERS CA 501(C)(3) 10 TIDES NETWORK 1 TIDES NETWORK 1012 TORNEY AVENUE SAN FRANCISCO CA 94129 203395198 CHARITABLE GOVERNANCE AND OPERATIONS CA 501(C)(3) 12B, II N/A 0 HARDING ROCK FUND 1012 TORNEY AVENUE SAN FRANCISCO CA 94129 201430532 HOLD AND MANAGE INVESTMENT ON BEHALF OF TIDES FOUNDATION CA 501(C)(3) 12A, I TIDES FOUNDATION 1 BEAUCHAMP CHARITIES 2454 ALTON PARKWAY IRVINE CA 92606 330956671 GRANTMAKING AND SUPPORT OF TIDES FOUNDATION CA 501(C)(3) 12A, I TIDES FOUNDATION 1 0 0 0 0 1 0 0 0 0 1 0 0 1 1 1 1 1 0 0 TIDES INC E 2078070 BOOK VALUE TIDES FOUNDATION E 6065049 BOOK VALUE TIDES NETWORK J 286715 BOOK VALUE TIDES CENTER J 203428 BOOK VALUE