2021-11-15T15:27:38-06:00 2020-12-31 941254756 HOOD & STRONG LLP 275 BATTERY STREET STE 900 SAN FRANCISCO CA 94111 990 2020-01-01 205253663 BENEFICIAL STATE FOUNDATION BENE 5104102036 1438 WEBSTER STREET NO 300 OAKLAND CA 94612 ERIN KILMER NEEL EXECUTIVE DIRECTOR & CIO 5104102036 2021-11-15 1 ERIN KILMER NEEL 999009999 MAGA E KISRIEV P01008919 4157810793 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z ERIN KILMER NEEL 1438 WEBSTER STREET NO 300 OAKLAND CA 94612 14451736 0 X WWW.BENEFICIALSTATE.ORG X 2006 DE TO COMBAT ECONOMIC DISTRESS AND ENCOURAGE COMMUNITY DEVELOPMENT. 7 7 36 7 0 0 5532079 14445845 466 0 550 323 0 5568 5533095 14451736 1657057 6182931 0 0 2606371 4002333 0 0 0 993915 1121091 5257343 11306355 275752 3145381 113005036 116691991 971242 1512816 112033794 115179175 TO CREATE, GUIDE, AND PROMOTE A BENEFICIAL BANKING MODEL THAT TRANSFORMS THE BANKING INDUSTRY; WE ACCELERATE THE TRANSFORMATION BY ATTRACTING HUMAN, FINANCIAL, AND INTELLECTUAL CAPITAL TO BENEFICIAL BANKING. 0 0 4868589 514641 5568 SUPPORT BRIDGE HOUSING CORPORATION AND TIDES FOUNDATION, INCLUDING, BUT NOT LIMITED TO, PROGRAMS AND GRANTS TO COMBAT ECONOMIC DISTRESS AND ENCOURAGE COMMUNITY DEVELOPMENT, ENCOURAGE FINANCIAL LITERACY, PROMOTE AFFORDABLE HOUSING, AND ELIMINATE DISCRIMINATION BY PROMOTING THE PROVISION OF LOANS AND INVESTMENTS, INCLUDING CONSUMER LOANS AND MICRO AND SMALL BUSINESS LOANS, AND DEPOSITORY SERVICES FOR DISADVANTAGED COMMUNITIES AND COMMUNITY SERVICE ORGANIZATIONS, AND BY ANY OTHER MEANS DETERMINED TO BE APPROPRIATE BY THE BOARD. 5782762 5668290 SUPPORT CLEAN VEHICLE ASSISTANCE PROGRAM, INCLUDING, BUT NOT LIMITED TO, PROGRAMS AND GRANTS TO HELP LOWER-INCOME CALIFORNIA RESIDENTS PURCHASE A NEW OR USED HYBRID OR ELECTRIC VEHICLE. IN PARTNERSHIP WITH CALIFORNIA CLIMATE INVESTMENTS (A PROGRAM OF THE CALIFORNIA AIR RESOURCES BOARD), THE COLLECTIVE GOAL IS TO MAKE ENVIRONMENTALLY FRIENDLY VEHICLES ACCESSIBLE AND AFFORDABLE TO ALL. 10651351 1 1 0 1 0 0 0 0 0 0 1 1 0 0 0 1 1 0 0 0 1 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 21 0 1 36 1 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 0 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X ERIN KILMER NEEL 5104102036 1438 WEBSTER STREET SUITE 300 OAKLAND CA 94612 ROBERT WILKINS PRESIDENT 0.50 0.00 X X 0 0 0 KRISS DEIGLMEIER BOARD DIRECTOR 0.50 0.00 X 0 0 0 ELMY BERMEJO BOARD DIRECTOR 0.50 0.00 X 0 0 0 ANGELA GLOVER DAVIS BOARD DIRECTOR 0.50 0.00 X 0 0 0 CYNTHIA PARKER BOARD DIRECTOR 0.50 0.00 X 0 0 0 MAURICIO MILLER BOARD DIRECTOR 0.50 0.00 X 0 0 0 TUTI SCOTT BOARD DIRECTOR 0.50 0.00 X 0 0 0 ERIN KILMER NEEL EXECUTIVE DIRECTOR AND CIO 40.00 0.00 X 198530 0 12589 ANNE BAKKE CLAYBAUGH SECRETARY/TREAS./VP, OPS & FINANCE 40.00 0.00 X 147030 0 23384 VIRGIL REED LOONEY DEPUTY DIRECTOR 40.00 0.00 X 162480 0 16616 KATHERINE ASTAIRE ROOD ORG DEVELOPMENT AND CULTURE 40.00 0.00 X 136730 0 16995 EMMA GUTTMAN-SLATER POLICY ADV. & FIELD BLDG. DIRECTOR 40.00 0.00 X 126430 0 16170 JHANA TAYLOR VALENTINE PROGRAM DIRECTOR 40.00 0.00 X 123340 0 16090 MARIA KEI OLDIGES SOCIAL IMPACT R&E DIRECTOR 40.00 0.00 X 122310 0 16025 1016850 0 117869 11 0 1 0 GRID ALTERNATIVES 1171 OCEAN AVENUE SUITE 200 OAKLAND CA 94680 INSTALLATION OF EV CHARGING SYSTEMS 751500 1 8448345 5997500 14445845 323 323 INCOME TAX REFUNDS 900099 5568 5568 5568 14451736 5568 0 323 514641 514641 5668290 5668290 381533 305226 76307 2942018 2784961 157057 124114 57175 66939 296277 277843 18434 258391 240854 17537 93716 37465 56251 18927 8988 9939 362156 328076 34080 42216 8644 33572 135390 86556 48834 185152 94746 90406 6908 5577 1331 34907 34326 581 12724 12724 78218 52369 25849 CLEAN VEHICLE ASSISTANC 114473 114473 OTHER TYPES OF TRANSACT 22211 17972 4239 MEMBERSHIP DUES 13169 13169 TRANSACTION FEES 924 924 11306355 10651351 655004 0 2137109 2783883 229056 229446 3241 31435 171955 110438 49920 61517 110585710 113585710 113005036 116691991 193972 183891 777270 1328925 971242 1512816 X 111887194 115032575 146600 146600 112033794 115179175 113005036 116691991 3145381 0 X 0 1 X 1 0 X X X 2 TIDES FOUNDATION 510198509 7 1 500000 0 BRIDGE HOUSING CORPORATION 942827909 7 1 0 0 2 500000 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 PART IV, SECTION A, LINE 6: SUPPORT TO OTHER ORGANIZATIONS CONSISTS OF THE EMPLOYEE DONATION MATCH AND EMPLOYEE DIRECTED GIVING PROGRAMS AT BSF. THESE GRANTS SUPPORT OTHER 501(C)(3) ORGANIZATIONS. IN 2020, BENEFICIAL STATE FOUNDATION PROVIDED SUPPORT TO MORE THAN 60 ORGANIZATIONS TOTALING $14,641. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 11306355 11306355 715318 178830 0 0 262530 328231 412632 715318 1718711 2578067 2613 668 881 4162 65633 82058 103158 178830 429679 644519 236 109 345 154869 102929 51940 17086 7509 9577 61517 RESTRICTED HOLDINGS IN BENEFICIAL STATE BANCORP, INC. 113485710 C INVESTMENT IN GABV SAPPHIRE FUND 100000 C 113585710 X 14451736 0 14451736 0 14451736 11306355 0 11306355 0 11306355 PART X, LINE 2: THE FOUNDATION QUALIFIES AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND RELATED CALIFORNIA CODE SECTIONS. ACCORDINGLY, IT IS NOT SUBJECT TO FEDERAL OR STATE INCOME TAXES ON RELATED INCOME AS A TYPE I SUPPORTING ORGANIZATION, OPERATED, SUPERVISED AND CONTROLLED BY TWO PUBLICLY SUPPORTED ORGANIZATIONS. IN ADDITION, THE FOUNDATION COULD BE SUBJECT TO TAX ON UNRELATED BUSINESS INCOME, IF ANY, GENERATED BY ITS INVESTMENTS AND OTHER SOURCES. AS OF DECEMBER 31, 2020 AND 2019, MANAGEMENT EVALUATED THE FOUNDATION'S TAX POSITIONS AND CONCLUDED THAT THE FOUNDATION HAD MAINTAINED ITS TAX EXEMPT STATUS AND HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS. THEREFORE, NO PROVISION OR LIABILITY FOR INCOME TAXES RELATED TO UNCERTAIN TAX POSITIONS HAS BEEN INCLUDED IN THE FINANCIAL STATEMENTS. EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 MISSION RELATED INVESTMENT N/A 100000 0 0 0 0 0 0 100000 0 100000 0 0 1 0 0 0 PART III ACCOUNTING METHOD: 1 TIDES FOUNDATION 1012 TORNEY AVE SAN FRANCISCO CA 94129 510198509 501(C)(3) 500000 FOR DISBURSEMENT OF SPONSORSHIP FUNDS TO NON-PROFITS 1 0 HYBRID OR ELECTRIC VEHICLE PURCHASE ASSISTANCE 1036 5668290 PART I, LINE 2: BENEFICIAL STATE FOUNDATION ESTABLISHED A COLLECTIVE ACTION FUND AT THE TIDES FOUNDATION TO PROVIDE SPONSORSHIP SUPPORT OF EVENTS THAT PROMOTE THE PURPOSES OF BENEFICIAL STATE FOUNDATION AND ITS SUPPORTED ORGANIZATIONS, TIDES FOUNDATION AND BRIDGE HOUSING. THE SPONSORSHIPS ARE RECOMMENDED BY STAFF AT BENEFICIAL STATE FOUNDATION. THE TIDES FOUNDATION FORWARDS THESE RECOMMENDATIONS TO A COMMITTEE COMPRISED OF BOARD DIRECTORS APPOINTED BY THE TIDES FOUNDATION FOR APPROVAL. X X X 0 0 0 0 0 0 0 0 0 ERIN KILMER NEEL EXECUTIVE DIRECTOR AND CIO 190550 0 6000 0 1980 0 11552 0 1037 0 211119 0 0 0 VIRGIL REED LOONEY DEPUTY DIRECTOR 154500 0 6000 0 1980 0 7402 0 9214 0 179096 0 0 0 ANNE BAKKE CLAYBAUGH SECRETARY/TREAS./VP, OPS & FINANCE 139050 0 6000 0 1980 0 8822 0 14562 0 170414 0 0 0 KATHERINE ASTAIRE ROOD ORG DEVELOPMENT AND CULTURE 128750 0 6000 0 1980 0 7844 0 9151 0 153725 0 0 0 PART I, LINE 1A FRINGE BENEFITS WERE PROVIDED MONTHLY TO ALL STAFF TO OFFSET WELLNESS & COMMUTE-RELATED EXPENSES. ALL STAFF RECEIVED THE SAME AMOUNT IN FRINGE BENEFITS. THE BENEFITS WERE TREATED AS TAXABLE COMPENSATION TO THE EMPLOYEES. FORM 990, PART VI, SECTION A, LINE 7A THE BOARDS OF THE SUPPORTED ORGANIZATIONS APPOINT THE MAJORITY OF THE MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7B THE BYLAWS PROVIDE FOR RESERVED POWERS TO APPROVE CERTAIN ACTIONS, INCLUDING DEBT OBLIGATIONS, CHANGES TO THE BYLAWS, OR SIMILAR ISSUES. DECISIONS WHERE POWERS ARE RESERVED MUST BE APPROVED BY THE BOARD OF DIRECTORS OF EACH OF THE TWO SUPPORTED ORGANIZATIONS. FORM 990, PART VI, SECTION B, LINE 11B THE TAXPAYER'S ACCOUNTING FIRM FORWARDED THE FORM 990 TO THE TREASURER. THE TREASURER FORWARDED THE FORM 990 TO THE BOARD MEMBERS FOR THEIR REVIEW PRIOR TO FILING THE FORM 990. BOARD MEMBERS WERE ENCOURAGED TO REVIEW THE FORM 990 AND FORWARD THEIR QUESTIONS TO THE TREASURER. EITHER THE TREASURER OR THE ACCOUNTING FIRM ADDRESSED THE QUESTIONS FROM THE BOARD. FORM 990, PART VI, SECTION B, LINE 12C UNDER THE POLICY, ALL INTERESTED PERSONS ARE COVERED. AN INTERESTED PERSON INCLUDES A DIRECTOR, AN OFFICER, AN EXECUTIVE DIRECTOR, A HIGHLY COMPENSATED EMPLOYEE, A SUBSTANTIAL CONTRIBUTOR, OR A MEMBER OF A COMMITTEE WITH BOARD-DELEGATED POWERS WHO HAS A DIRECT OR INDIRECT FINANCIAL INTEREST. AFTER DETERMINING THAT A POTENTIAL CONFLICT OF INTEREST EXISTS, THE BOARD SHALL DELIBERATE THE MATTER AND THE POTENTIALLY INTERESTED PERSON SHALL RECUSE HIM OR HERSELF. FORM 990, PART VI, SECTION B, LINE 15 THE FOUNDATION BOARD USES MARKET STUDIES, SUCH AS THE COUNCIL ON FOUNDATIONS' WAGE AND BENEFIT REPORT, TO SET BENEFITS PACKAGES FOR OFFICERS AND KEY EMPLOYEES. BOARD OF DIRECTORS DO NOT RECEIVE BENEFITS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS CONFLICT OF INTEREST POLICY, GOVERNING DOCUMENTS, AND AUDITED FINANCIAL STATEMENTS AVAILABLE UPON REQUEST FOR THE SAME PERIOD OF TIME AS SET FORTH IN SEC. 6104(D). BRIDGE HOUSING CORP 345 SPEAR STREET NO 700 SAN FRANCISCO CA 94105 942827909 HOUSING ASSISTANCE CA 501(C)(3) LINE 7 N/A 0 TIDES FOUNDATION BOX 29903 SAN FRANCISCO CA 941290903 510198509 GRANTMAKING CA 501(C)(3) LINE 7 N/A 0 BENEFICIAL STATE BANCORP INC 1438 WEBSTER STREET STE 100 OAKLAND CA 94612 203814367 BANKING & FINANCIAL SERVICES CA BENEFICIAL STATE FOUNDATION C 0 BENEFICIAL STATE BANK 1438 WEBSTER STREET STE 100 OAKLAND CA 94612 203814367 BANKING & FINANCIAL SERVICES CA BENEFICIAL STATE BANCORP INC C 0 0 1 0 0 0 0 0 0 0 0 1 0 1 1 0 1 0 0 0 BENEFICIAL STATE BANCORP INC B 3000000 FMV BENEFICIAL STATE BANK K 178086 RENTAL CONTRACTS SCHEDULE R, PART IV, COLUMN (H) AS OF DECEMBER 31, 2020, THE HOLDINGS CONSIST OF 1.6 MILLION SHARES OF CLASS B NON-VOTING COMMON STOCK HELD AT COST OF $109,047,379, WHICH REPRESENTS ALL OUTSTANDING SHARES OF CLASS B STOCK AND 8,050 SHARES OF SERIES A PREFERRED STOCK HELD AT $8,050,000. THE CLASS B SHARES HAVE PREFERENCE TO ANY DECLARATION OR PAYMENT OF DIVIDENDS; HOWEVER, THESE DIVIDENDS ARE NOT CUMULATIVE.