2020-07-15T18:24:03-05:00 2019-05-31 910189318 MOSS ADAMS LLP 101 SECOND STREET SUITE 900 SAN FRANCISCO CA 94105 990 2018-06-01 940948140 BERKELEY STUDENT COOPERATIVE INC BERK 5108481936 2424 RIDGE ROAD BERKELEY CA 94709 KIM BENSON EXECUTIVE DIRECTOR 5108481936 2020-07-15 1 MICHAEL LUMSDEN P01262236 4159561500 2020-07-15 76.14.38.113 2020-07-15 16:37:43 PD P 8E0636F8289BFB5A57BBD8F67C0A0ED80B8E9726 00C4359F54289D19625D58AABAD73364CEA05A5F 2018 2021-01-29 14:40:06Z KIM BENSON 2424 RIDGE ROAD BERKELEY CA 94709 17440200 0 X WWW.BSC.COOP X 1934 CA PROVIDE A QUALITY, LOW COST, COOPERATIVE HOUSING COMMUNITY TO UNIVERSITY STUDENTS WHO OTHERWISE MIGHT NOT BE ABLE TO AFFORD A UNIVERSITY EDUCATION. 28 20 64 1260 0 0 1249198 664921 10403025 10988029 218675 583158 467587 340815 12338485 12576923 163962 170416 0 0 3014549 3362169 0 0 240263 6689019 6970076 9867530 10502661 2470955 2074262 52010657 53002234 19864898 18785177 32145759 34217057 TO PROVIDE A QUALITY, LOW-COST, COOPERATIVE HOUSING COMMUNITY TO UNIVERSITY STUDENTS, THEREBY PROVIDING AN EDUCATIONAL OPPORTUNITY FOR STUDENTS WHO MIGHT NOT OTHERWISE BE ABLE TO AFFORD A UNIVERSITY EDUCATION. 0 0 8341201 170416 10988029 THE BERKELEY STUDENT COOPERATIVE (BSC) IS A NONPROFIT HOUSING COOPERATIVE PROVIDING AFFORDABLE HOUSING AND BOARD TO STUDENTS AT UC BERKELEY AND OTHER BAY AREA COLLEGES AND UNIVERSITIES. BSC HAS APPROXIMATELY 1,260 STUDENT MEMBERS LIVING IN OR EATING AT OUR SEVENTEEN HOUSES AND THREE APARTMENT COMPLEXES AROUND THE UC BERKELEY CAMPUS. EACH HOUSE IS DEMOCRATICALLY RUN, WHERE ALL MEMBERS CONTRIBUTE LABOR TO KEEP HOUSING COSTS AFFORDABLE. 8341201 1 1 0 0 0 0 0 0 1 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 31 0 1 64 1 0 0 0 0 0 0 0 0 0 0 0 0 X 28 20 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X X STEVE CATANO 5108481936 2424 RIDGE ROAD BERKELEY CA 94709 SHILO PINTO-QUINTANILLA PRESIDENT 25.00 X X 11475 0 0 LUIS MOLINA VP OF INTERNAL AFFAIRS 20.00 X X 9201 0 0 NICK JOHNSON VP OF CAPITAL AND FINANCE 20.00 X X 4866 0 0 EMERY MARTINEZ VP OF EXPERIENCE AND TRAINING 20.00 X X 7218 0 0 SARAH GIST VP OF EXTERNAL AFFAIRS 20.00 X X 8181 0 0 PROSPER AMIE BOARD MEMBER 5.00 X 30 0 0 BREE BARRON BOARD MEMBER 5.00 X 0 0 0 EMANUEL BAXTER BOARD MEMBER 5.00 X 0 0 0 JEB BOODRY NECM/BOARD MEMBER 10.00 X 2406 0 0 COLLIN BOS BOARD MEMBER 5.00 X 6487 0 0 CALEB XAVIER BUGG BOARD MEMBER 5.00 X 442 0 0 BRANDON CASTILLO BOARD MEMBER 5.00 X 0 0 0 KEILA CONE-UEMURA BOARD MEMBER 5.00 X 0 0 0 ROMARIO CONRADO BOARD MEMBER 5.00 X 2044 0 0 JOHN EHRLICH BOARD MEMBER 5.00 X 0 0 0 JOSHUA ERDTSIECK BOARD MEMBER 5.00 X 920 0 0 SHEILA FALLAH NECM/BOARD MEMBER 10.00 X 4358 0 0 JEANNE GISSINGER BOARD MEMBER 5.00 X 35 0 0 RICARDO GOMEZ BOARD MEMBER 5.00 X 3165 0 0 MARIA GABRIELA GUERRA BOARD MEMBER 5.00 X 1178 0 0 ALEXA GROENKE BOARD MEMBER 5.00 X 201 0 0 LAUREN HERNANDEZ BOARD MEMBER 5.00 X 188 0 0 DAVI JAIME BOARD MEMBER 5.00 X 566 0 0 JERRY JAVIER NECM/BOARD MEMBER 10.00 X 4219 0 0 ADIBA KHAN BOARD MEMBER 5.00 X 0 0 0 XANDER LENC BOARD MEMBER 5.00 X 0 0 0 MADELEINE LOH BOARD MEMBER/DEVELOPMENT DIRECTOR 40.00 X 93134 0 14269 DANIEL MARQUEZ BOARD MEMBER 5.00 X 0 0 0 MARTA MEAZZA BOARD MEMBER 5.00 X 3032 0 0 SULEEKHO MUSE BOARD MEMBER 5.00 X 1859 0 0 SOL BEE PARK BOARD MEMBER 5.00 X 0 0 0 ALEX QUINTERO BOARD MEMBER 5.00 X 1421 0 0 ELISSA ROY BOARD MEMBER 5.00 X 0 0 0 MATT SENATE BOARD MEMBER 5.00 X 0 0 0 CARYN TRAN BOARD MEMBER 5.00 X 1280 0 0 ELISE ULWELLING BOARD MEMBER 5.00 X 0 0 0 JUSTIN URIBE BOARD MEMBER 5.00 X 953 0 0 HELEN VEAZEY BOARD MEMBER 5.00 X 0 0 0 KIM BENSON EXECUTIVE DIRECTOR 50.00 X 162735 0 19387 STEVEN CATANO FINANCE AND ACCOUNTING MANAGER 50.00 X 109474 0 25799 MARIE LUCERO OPERATIONS MANAGER 50.00 X 113573 0 11789 DAN HOLM MAINTENANCE SUPERVISOR 40.00 X 102230 0 14602 656871 0 85846 4 0 1 0 COUNTERFORCE INC 2537 WILLOW STREET 1 OAKLAND CA 94607 SEISMIC RETROFITTING & REMODELING 1104745 KRT INC 1228 QUARRY LANE SUITE B PLEASANTON CA 94566 CAPITAL IMPROVEMENTS & REMODELING 344009 OCCIDENTAL POWER 5983 MISSION STREET DALY CITY CA 94014 SOLAR INSTALLATIONS & REPAIRS 195350 COOPER & HAWKINS INC 2701 SAN PABLO AVENUE BERKELEY CA 94702 HVAC INSTALL/REPAIRS 170443 VALENCIA BRO CONSTRUCTION & REMODELING 21205 FOOTHILL BLVD HAYWARD CA 94541 CAPITAL IMPROVEMENTS & REMODELING 165022 7 24000 640921 8375 664921 ROOM & BOARD REVENUES 721310 7826609 7826609 APARTMENT RENTALS 721310 2700826 2700826 PARKING & OTHER FEES 721310 342656 342656 APPLICATION FEES 721310 59738 59738 MEMBERSHIP FEES 721310 58200 58200 10988029 610747 610747 279593 0 279593 279593 279593 4835688 4863277 -27589 -27589 -27589 MISCELLANEOUS REVENUE 900099 61222 61222 61222 12576923 10988029 0 923973 170416 170416 535446 39254 372689 123503 2279408 1701644 567215 10549 87279 65459 21820 320016 240012 80004 140020 98014 35005 7001 22225 22225 43740 43740 84501 84501 4631 4631 235987 235987 123082 61541 55387 6154 1222197 1161087 61110 353581 353581 1799507 1799507 192968 192968 FOOD 1322005 1322005 REPAIRS & MAINTENANCE 626568 595240 31328 SUPPLIES 224397 224397 PHONE & INTERNET 97587 97587 617100 406826 117218 93056 10502661 8341201 1921197 240263 4701703 4114500 625839 40399 80348 54198 1367408 1146702 71270088 36574961 33309848 34695127 11141114 12574686 784397 376622 52010657 53002234 695109 766442 1833397 2004278 16216437 15372499 53170 49228 100000 966785 592730 19864898 18785177 X 29906463 32268056 1406299 1116004 832997 832997 32145759 34217057 52010657 53002234 2074262 -50715 47751 0 X 0 1 X 1 0 X 553176 441884 447979 1249198 664921 3357158 10172644 10355169 10244787 10403025 10988029 52163654 10725820 10797053 10692766 11652223 11652950 55520812 0 0 0 55520812 322356 302892 339806 504155 805839 2275048 322356 302892 339806 504155 805839 2275048 169621 242220 191891 187994 61222 852948 11217797 11342165 11224463 12344372 12520011 58648808 0.94670 0.97420 0.03880 0.00950 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 935952 165597 4819 170416 935952 935952 106961 7001 113962 935952 878848 22773 142324 107993 935952 935952 103361 -46657 113808 878848 698565 228192 72668 63493 935932 0.11000 0.89000 0.00000 0 0 1445551 1445551 65669045 33035507 32633538 4155492 3539454 616038 34695127 REFUNDABLE DEPOSITS 592730 592730 X 12441707 -50715 -50715 12492422 84501 84501 12576923 10418160 0 10418160 84501 84501 10502661 PART IV, LINE 2B: BSC HOLDS MONEY FOR INDIVIDUAL HOUSES IN VARIOUS SEPARATE ACCOUNTS. THIS MONEY IS RAISED BY HOUSES FOR THEIR USE. BSC IS COMPRISED OF APPROXIMATELY 1,260 STUDENT MEMBERS LIVING AND/OR BOARDING IN TWENTY HOUSES AND APARTMENT COMPLEXES AROUND THE UC BERKELEY CAMPUS. THE HOUSES/APARTMENTS USE BSC'S FEDERAL TAX ID TO SET-UP AND MAINTAIN THEIR CHECKING ACCOUNTS. THE CHECKING ACCOUNTS ARE USED TO PAY FOR AMENITIES AT THE UNITS THAT ARE NOT INCLUDED IN THE BSC ROOM & BOARD MEMBERSHIP CONTRACTS SUCH AS CABLE TV, NEWSPAPERS AND PERIODICALS, INTERNET SERVICE, ETC. PART V, LINE 4: BSC MAINTAINS ENDOWED SCHOLARSHIP FUNDS TO ENSURE THAT IT IS ABLE TO OFFER BSC MEMBERS WITH FINANCIAL NEED SCHOLARSHIPS IN PERPETUITY. PART X, LINE 2: BSC IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND CALIFORNIA INCOME TAXES UNDER SECTION 23701(D) OF THE CALIFORNIA REVENUE AND TAXATION CODE. THE IRS CLASSIFIED THE ORGANIZATION AS ONE THAT IS NOT A PRIVATE FOUNDATION WITHIN THE MEANING OF SECTION 509(A) OF THE CODE BECAUSE IT IS AN ORGANIZATION DESCRIBED IN SECTION(S) 509(A)(1) AND 170(B)(1)(A)(VI). BSC HAS ADOPTED FINANCIAL ACCOUNTING STANDARDS BOARD ACCOUNTING STANDARDS CODIFICATION (ASC SECTION 740-10), WHICH CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. ASC SECTION 740-10 PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. ASC SECTION 740-10 REQUIRES THAT AN ORGANIZATION RECOGNIZE IN THE FINANCIAL STATEMENTS THE IMPACT OF THE TAX POSITION IF THAT POSITION WILL MORE LIKELY THAN NOT BE SUSTAINED ON AUDIT, BASED ON THE TECHNICAL MERITS OF THE POSITION. AS OF AND FOR THE YEAR ENDED MAY 31, 2019, BSC HAD NO MATERIAL UNRECOGNIZED TAX BENEFITS, TAX PENALTIES OR INTEREST BSCS FORMS 990, RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX, THE TAX YEARS ENDED MAY 31, 2019 AND 2018, ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR 3 YEARS AFTER THEY WERE FILED. 1 SCHOLARSHIPS FOR MEMBERS OF THE BSC 178 170416 PART I, LINE 2: SCHOLARSHIPS FOR INDIVIDUAL BSC MEMBERS ARE GRANTED ON THE BASIS OF UNMET FINANCIAL NEED, BASED ON INFORMATION GENERATED BY THE UNIVERSITY FINANCIAL AID OFFICE AT UC BERKELEY AND/OR OTHER BAY AREA COLLEGES/UNIVERSITIES. X X X 0 0 0 0 0 0 0 0 0 KIM BENSON EXECUTIVE DIRECTOR 155354 0 7381 0 0 0 13019 0 6368 0 182122 0 0 0 A CALIFORNIA ENTERPRISE DEVELOPMENT AUTHORITY 352273601 000000000 2018-10-01 15869099 REFUND BOND DATED 9/22/2016 0 0 0 A 496600 15869099 15869099 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 0 0 1 0 0 0 1 A 1 BREE BARRON BOARD MEMBER 881 RENT STIPEND SCHOLARSHIP EMMANUEL BAXTER BOARD MEMBER 1203 RENT STIPEND SCHOLARSHIP JEB BOODRY NON-EXECUTIVE CABINET MEMBER 1203 RENT STIPEND SCHOLARSHIP JOSHUA ERDTSIECK BOARD MEMBER 1203 RENT STIPEND SCHOLARSHIP SHIELA FALLAH NON-EXECUTIVE CABINET MEMBER 1203 RENT STIPEND SCHOLARSHIP DAVI JAIME BOARD MEMBER 1092 RENT STIPEND SCHOLARSHIP LUIS MOLINA VP OF INTERNAL AFFAIRS 733 RENT STIPEND SCHOLARSHIP SHILO PINTO-QUINTANILLA PRESIDENT 1203 RENT STIPEND SCHOLARSHIP ALEX QUINTERO BOARD MEMBER 821 RENT STIPEND SCHOLARSHIP FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION'S MEMBERS, AS DEFINED BY THE BYLAWS, ARE LIMITED TO ONLY FULL-TIME STUDENTS OF ANY POST-SECONDARY SCHOOL WITH CURRENT RENT AND/OR BOARDING CONTRACTS. EXCEPTIONS TO THE ABOVE MAY BE MADE BY THE ADMINISTRATIVE COMMITTEE IN ACCORDANCE WITH THE PROVISIONS OF THE ADMINISTRATIVE CODE OF THE ORGANIZATION, SUBJECT TO THE APPROVAL OF THE BOARD OF DIRECTORS. MEMBERSHIP SHALL NOT BE RESTRICTED BECAUSE OF RACE, COLOR, ETHNICITY, RELIGION, GENDER IDENTITY, NATIONAL ORIGIN, POLITICAL ADHERENCE, OR SEXUAL IDENTITY. THE FORM 990 INSTRUCTIONS ALSO DEFINE A "MEMBER" (WITHOUT REGARD TO WHAT A PERSON, INCLUDING A CORPORATION OR OTHER LEGAL ENTITY, IS CALLED IN THE GOVERNING DOCUMENTS) AS ANY PERSON WHO HAS THE POWER TO ELECT MEMBERS OF THE GOVERNING BODY. AS SUCH, THE PRESIDENT OF THE BSC ALUMNI ASSOCIATION AND THE BSC EMPLOYEE ASSOCIATION ARE ALSO CONSIDERED MEMBERS. LASTLY, THE FORM 990 INSTRUCTIONS FURTHER DEFINE A "MEMBER" (WITHOUT REGARD TO WHAT A PERSON, INCLUDING A CORPORATION OR OTHER LEGAL ENTITY, IS CALLED IN THE GOVERNING DOCUMENTS) AS ANY PERSON WHO CAN RECEIVE A SHARE OF THE ORGANIZATION'S NET ASSETS UPON DISSOLUTION. AS SUCH, THE UNIVERSITY OF CALIFORNIA IS ALSO CONSIDERED A "MEMBER". FORM 990, PART VI, SECTION A, LINE 7A THE PRESIDENT OF THE BSC ALUMNI ASSOCIATION, A SEPARATE 501(C)(3) ORGANIZATION, MAY APPOINT ONE MEMBER OF THE ALUMNI ASSOCIATION AS A DIRECTOR. THE TERM OF OFFICE OF THE ALUMNI ASSOCIATION MEMBER SHALL BE AT THE PLEASURE OF THE PRESIDENT OF THE BSC ALUMNI ASSOCIATION. IN ADDITION, THE BSC EMPLOYEE ASSOCIATION CONTRACT INCLUDES A PROVISION FOR THE DESIGNATION OF A DIRECTOR FROM AMONG MEMBERS OF THE EMPLOYEE ASSOCIATION. THE REMAINING MEMBERS OF THE BOARD OF DIRECTORS SHALL BE ELECTED BY THE MEMBERS OF THE SEVERAL UNITS. EACH UNIT SHALL ELECT ONE DIRECTOR FOR EACH SEVENTY MEMBERS, OR FRACTION THEREOF, IN THE RESIDENTIAL CAPACITY OF THE UNIT. 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 STAFF. A DRAFT FORM 990 IS FIRST REVIEWED BY MANAGEMENT OF THE ORGANIZATION, AS WELL AS THE FINANCE AND ACCOUNTING STAFF. THE FORM 990 THEN IS SUBMITTED TO THE CAPITAL & FINANCE COMMITTEE OF THE BOARD OF DIRECTORS FOR REVIEW AND APPROVAL. ADDITIONALLY, PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE, THE FORM 990 IS MADE AVAILABLE TO ALL MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION HAS A WRITTEN CONFLICT OF INTEREST POLICY WHICH REQUIRES IT TO MONITOR CONFLICTS OF INTEREST THROUGH A WRITTEN DISCLOSURE QUESTIONNAIRE IMPLEMENTED ANNUALLY IN THE SPRING. THE QUESTIONNAIRE IS COMPLETED BY ALL EMPLOYEES, ALL EXECUTIVE OFFICERS, AND ALL BOARD MEMBERS. THE ORGANIZATION ALSO TRAINS STAFF, BOARD MEMBERS, AND EXECUTIVES ON THE DUTY TO DISCLOSE CONFLICTS OF INTEREST AS THEY ARISE THROUGHOUT THE YEAR. THE EXECUTIVE DIRECTOR EXAMINES ANY DISCLOSURES BY STAFF OF POTENTIAL CONFLICTS OF INTEREST TO DETERMINE WHETHER AN ACTUAL CONFLICT EXISTS. THE CABINET EXAMINES ANY DISCLOSURES BY THE BOARD MEMBERS, EXECUTIVES, AND SENIOR MANAGEMENT. THE AUDIT COMMITTEE IS CHARGED WITH MAKING DECISIONS CONCERNING RESOLUTION OF CONFLICTS OF INTEREST INVOLVING DIRECTORS, EXECUTIVE OFFICERS, AND SENIOR MANAGEMENT. THE PRESIDENT IS RESPONSIBLE FOR REVIEWING DISCLOSURES AND RESOLVING CONFLICTS WITH REGARD TO THE CHAIR OF THE AUDIT COMMITTEE. IN ALL CASES, CONFLICTED INDIVIDUALS ARE NOT ALLOWED TO PARTICIPATE IN THE DECISION REGARDING A POTENTIAL TRANSACTION. FORM 990, PART VI, SECTION B, LINE 15 BSC ANNUALLY COMPARES SALARIES AND BENEFITS INCLUDING THE EXECUTIVE DIRECTOR'S, TO THOSE OF COMPARABLE NONPROFITS IN THE BAY AREA UTILIZING FAIR PAY, A NONPROFIT WAGE AND BENEFITS SURVEY. IN 2016, BSC ALSO ENGAGED A PROFESSIONAL COMPENSATION CONSULTANT TO REVIEW AND ADVISE THE BOARD ON ALL PROFESSIONAL STAFF SALARIES/WAGES. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC VIA THE ORGANIZATION'S WEBSITE (WWW.BSC.COOP) AND BY REQUEST.