2019-11-07T16:36:38-06:00 2018-12-31 943108253 NOVOGRADAC & COMPANY LLP 211 E OCEAN BLVD SUITE 600 LONG BEACH CA 90802 990 2018-01-01 461897606 COMMUNITY ART STABILIZATION TRUST COMM 4155569888 70 OTIS STREET SAN FRANCISCO CA 94103 MOY ENG EXECUTIVE DIRECTOR 4155569888 2019-11-07 1 BRYAN HUNG P01553971 5624329482 128.92.54.106 2019-11-07 14:36:09 PS P BCA27B94C11B0AF3A67E1BA0754DA44B2148B6EF 8E1411D07343EF2F17820B4C6C3FCD5850A99CAA 2018 2020-03-31 21:24:44Z MOY ENG 70 OTIS STREET SAN FRANCISCO CA 94103 10732562 0 X HTTP://CAST-SF.ORG X 2013 CA PURCHASING AND LEASING SPACE FOR THE EXCLUSIVE USE OF NONPROFIT ARTS ORGANIZATIONS SERVING LOW INCOME COMMUNITIES. 7 7 7 0 0 0 4237214 10323108 215715 154600 55270 106832 -230928 -190732 4277271 10393808 197578 177422 0 0 695086 811897 0 0 131508 465334 438100 1357998 1427419 2919273 8966389 13050967 22226990 110413 110349 12940554 22116641 TO CREATE STABLE PHYSICAL SPACES FOR ARTS AND CULTURAL ORGANIZATIONS TO FACILITATE EQUITABLE URBAN TRANSFORMATION. 0 0 889796 177422 42324 COMMUNITY ART STABILIZATION TRUST CREATES STABLE PHYSICAL SPACES FOR ARTS AND CULTURAL PROPERTIES FOR PURCHASE, MASTER LEASING, AND IMPLEMENTING COMPLEMENTARY INITIATIVES WHICH BUILD KNOWLEDGE AND CAPABILITY OF ARTS ORGANIZATIONS TO MAKE THOUGHTFUL, INFORMED DECISIONS REGARDING REAL ESTATE MATTERS. INITIATIVES INCLUDE THE KEEPING SPACE - OAKLAND PROGRAM WHICH PROVIDES TECHNICAL ASSISTANCE, NETWORKING OPPORTUNITIES, RESEARCH AND LIMITED RE-GRANTING FUNDS SUPPORTING ARTS ORGANIZATION'S EFFORTS TO FIND, SECURE AND MANAGE LONG-TERM REAL ESTATE PROJECTS. 889796 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 1 6 0 7 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 CA X OWEN LEVIN 4155569888 70 OTIS STREET SAN FRANCISCO CA 94103 X ERIC RODENBECK DIRECTOR 0.20 X X 0 0 0 JOSHUA SIMON TREASURER 0.20 X X 0 0 0 SHELLEY TROTT DIRECTOR 0.20 X X 0 0 0 DEBORAH CULLINAN SECRETARY 0.20 X X 0 0 0 STEVEN OLIVER PRESIDENT 0.20 X X 0 0 0 JIM BILDNER DIRECTOR 0.20 X X 0 0 0 BRADY FORREST DIRECTOR 0.20 X X 0 0 0 MOY ENG EXECUTIVE DIRECTOR 40.00 X 205405 0 0 SUNEETHA VENIGALLA DIRECTOR OF REAL ESTATE DE 40.00 X 123836 0 0 329241 0 0 2 0 1 0 FARELLA BRAUN & MARTEL LLP 235 MONTGOMERY STREET SAN FRANCISCO CA 94104 LEGAL SERVICES 110140 1 10323108 3672061 10323108 DEVELOPER FEE 531390 90000 90000 REFUND 561000 50000 50000 CONSULTING FEE 541900 12200 12200 REIMBURSEMENT INCOME 561000 2400 2400 154600 106832 78456 28376 148022 338754 -190732 -190732 -190732 10393808 42324 0 28376 X 177422 177422 205405 93067 91366 20972 510016 231084 226859 52073 47664 21596 21201 4867 48812 22116 21712 4984 7400 5990 645 765 16250 11050 2764 2436 329351 266607 28693 34051 34319 23337 5834 5148 25920 17626 4406 3888 7968 5419 1355 1194 2131 1449 362 320 7500 7500 1860 1860 5401 3673 918 810 1427419 889796 406115 131508 2995042 3628875 4044801 2210392 157308 111734 5625373 14931867 0 1146427 0 0 228443 197695 13050967 22226990 110413 110349 110413 110349 X 6379679 16196246 6560875 5920395 12940554 22116641 13050967 22226990 X 8966389 209698 X 0 1 X 1 0 X 6125825 2050200 1735400 4237214 6651047 20799686 6125825 2050200 1735400 4237214 6651047 20799686 2468478 18331208 10 8069 8142 9573 39038 64832 219315 83000 103750 68725 73740 548530 21413048 2335675 0.85610 X SCHEDULE A, PART II, LINE 10, EXPLANATION FOR OTHER INCOME: 2014 SALE OF TRANSFERABLE DEVELOPMENT RIGHTS: $ 219,315 2015 CONSULTING: $ 83,000 2016 CONSULTING: $ 103,750 2017 CONSULTING: $ 68,725 2018 CONSULTING: $ 12,200 OTHER INCOME: $ 50,000 MISCELLANEOUS: $ 11,540 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 CAST POWERHOUSE MANAGER 1146427 C 1146427 10601646 -9510 -9510 10611156 -217348 -217348 10393808 1425559 0 1425559 1860 1860 1427419 PART XI, LINE 2D - OTHER ADJUSTMENTS: NET RENTAL LOSS - CAST 1007 MARKET, LLC 2,684. NET RENTAL LOSS - CAST 80 TURK, LLC 2,420. FLOW THROUGH (INCOME) LOSS - CAST POWERHOUSE MANAGER, LLC -14,614. PART XI, LINE 4B - OTHER ADJUSTMENTS: GRANT REVENUE -43,341. SUSPENDED LOSSES -174,007. PART XII, LINE 4B - OTHER ADJUSTMENTS: AMORTIZATION 1,860. 1 SOCIAL GOOD FUND 12651 SAN PABLO AVENUE 5473 RICHMOND CA 94801 461323531 501(C)(3) 5625 ACQUISITION EXPENSES 30TH & WEST LIVEWORK COMMUNITY ARTS CENTER INC 2940 WEST ST OAKLAND CA 94608 821961357 501(C)(3) 2100 FACILITY IMPROVEMENTS EASTSIDE ARTS ALLIANCE INC PO BOX 17008 OAKLAND CA 94601 743073621 501(C)(3) 2100 FACILITY IMPROVEMENTS MUSIC IS EXTRAORDINARY INC 2323 BROADWAY OAKLAND CA 94612 202075370 501(C)(3) 2100 FACILITY IMPROVEMENTS WOMEN'S AUDIO MISSION 542-544 NATOMA ST SAN FRANCISCO CA 94103 542105425 501(C)(3) 1400 FACILITY IMPROVEMENTS ALENA MUSEUM 2725 MAGNOLIA STREET OAKLAND CA 94608 820847922 501(C)(3) 3250 PLANNING EXPENSES COMMUNITIES UNITED FOR RESTORATIVE YOUTH JUSTICE 490 LAKE PARK AVENUE OAKLAND CA 94606 275008441 501(C)(3) 3250 PLANNING EXPENSES ATTITUDINAL HEALING CONNECTION INC 3278 WEST STREET OAKLAND CA 94608 943178158 501(C)(3) 750 RENTAL, MOVING, AND OTHER OAKLAND BALLET COMPANY 2201 BROADWAY SUITE LL17 OAKLAND CA 94612 943395450 501(C)(3) 628 RENTAL, MOVING, AND OTHER FRACTURED ATLAS INC 248 WEST 35TH STREET 10TH FLOOR NEW YORK NY 10001 113451703 501(C)(3) 750 RENTAL, MOVING, AND OTHER UNITED ROOTS PO BOX 11567 OAKLAND CA 94611 273457152 501(C)(3) 56250 ACQUISITION EXPENSE CREATE PROJECT PEACE 1121 64TH ST OAKLAND CA 94603 261169800 501(C)(3) 21000 FACILITY IMPROVEMENTS ROCK PAPER SCISSORS COLLECTIVE PO BOX 71706 OAKLAND CA 94612 800694281 501(C)(3) 21000 FACILITY IMPROVEMENTS BLACK CULTURE ZONE COLLABORATIVE 2101 WEBSTER ST SUITE 520 OAKLAND CA 94612 943255070 501(C)(3) 32500 PLANNING EXPENSES PRO ARTS 150 FRANK H OGAWA PLAZA OAKLAND CA 94612 942259269 501(C)(3) 5312 RENTAL, MOVING, AND OTHER BANDALOOP 2201 BROADWAY ST SUITE PH 2 OAKLAND CA 94612 954618614 501(C)(3) 11000 PLANNING EXPENSES UBUNTU THEATER PROJECT 1433 12TH AVE OAKLAND CA 94606 465365654 501(C)(3) 8407 PLANNING EXPENSES 17 17 PART I, LINE 2: KEEPING SPACE - OAKLAND IS COMMUNITY ART STABILIZATION TRUST'S ("CAST") PILOT PROGRAM DEDICATED TO PROVIDING TRAINING AND FUNDING FOR OAKLAND ARTS AND CULTURAL ORGANIZATIONS SEEKING REAL ESTATE ASSISTANCE. WITH DIRECT FINANCIAL GRANTS, ONE-ON-ONE TECHNICAL ASSISTANCE, AND REAL ESTATE READINESS TRAINING, CAST'S GOAL IS TO PROVIDE SAFE, STABLE, PERMANENT, AND AFFORDABLE REAL ESTATE SOLUTIONS FOR OAKLAND'S LOCAL ARTS ORGANIZATIONS. KEEPING SPACE - OAKLAND RE-GRANTS FUNDS PROVIDED BY THE HEWLETT AND RAININ FOUNDATIONS TO ENTITIES THAT MEET THE ELIGIBILITY CRITERIA OUTLINED IN THE KEEPING SPACE - OAKLAND FINANCIAL ASSISTANCE PROGRAM GUIDELINES. CAST USES A SELECTION COMMITTEE TO EVALUATE THE CRITERIA AND ASSESS EACH APPLICANT. KEEPING SPACE - OAKLAND GRANT FUNDS ARE SOLELY USED FOR THE FOLLOWING ELIGIBLE EXPENSES: ACQUISITION EXPENSES, PLANNING EXPENSES, FACILITY IMPROVEMENT EXPENSES, RENTAL EXPENSES, AND MOVING EXPENSES. X X X X 0 0 0 0 0 0 0 0 0 MOY ENG EXECUTIVE DIRECTOR 205405 0 0 0 0 0 0 0 0 0 205405 0 0 0 X 1 3456948 FAIR VALUE X PROFESSIONAL FEES 1 215113 FAIR VALUE 0 0 0 FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION DOES NOT HAVE COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 AND SUPPORTING SCHEDULES ARE PREPARED BY TAX PREPARER. THE ORGANIZATION'S TREASURER WILL REVIEW FORM 990 WITH ANY QUESTIONS OR CONCERNS TO THE STAFF AND RECOMMEND ITS APPROVAL BY THE ENTIRE ORGANIZATION'S BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C ACCORDING TO THE FRAMEWORK OUTLINED IN THE BYLAWS APPENDIX A: CONFLICT OF INTEREST POLICY, THE ORGANIZATION MONITORS AND ENFORCES COMPLIANCE IN REAL ESTATE TRANSACTIONS PERFORMED, WHICH IS THE ORGANIZATION'S CORE WORK, AND IN OTHER RELATED BUSINESS AREAS. THE BOARD AND EXECUTIVE DIRECTOR ARE CLEAR AND MINDFUL OF THE POSSIBLE CONFLICTS OF THE WORK IN WHICH THE ORGANIZATION EXECUTES. TO DATE, THE BOARD NOR EXECUTIVE DIRECTOR HAVE PRESENTED ISSUES REGARDING CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION'S DOCUMENTS WILL BE MADE AVAILABLE FOR PUBLIC INSPECTION UPON LETTER REQUEST UNDER INTERNAL REVENUE CODE SECTION 6104. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S DOCUMENTS WILL BE MADE AVAILABLE FOR PUBLIC INSPECTION UPON LETTER REQUEST UNDER INTERNAL REVENUE CODE SECTION 6104. FORM 990, PART IX, LINE 11G HR CONSULTANT: PROGRAM SERVICE EXPENSES 6,217. MANAGEMENT AND GENERAL EXPENSES 669. FUNDRAISING EXPENSES 794. TOTAL EXPENSES 7,680. PROJECT TECHNICAL ASSISTANCE: PROGRAM SERVICE EXPENSES 237,845. MANAGEMENT AND GENERAL EXPENSES 25,598. FUNDRAISING EXPENSES 30,378. TOTAL EXPENSES 293,821. HONORARIUM: PROGRAM SERVICE EXPENSES 3,117. MANAGEMENT AND GENERAL EXPENSES 335. FUNDRAISING EXPENSES 398. TOTAL EXPENSES 3,850. REAL ESTATE CONSULTANT: PROGRAM SERVICE EXPENSES 19,428. MANAGEMENT AND GENERAL EXPENSES 2,091. FUNDRAISING EXPENSES 2,481. TOTAL EXPENSES 24,000. FORM 990, PART XI, LINE 9: AMORTIZATION EXPENSE 1,860. NET RENTAL LOSS - CAST 1007 MARKET, LLC 2,684. NET RENTAL LOSS - CAST 80 TURK, LLC 2,420. GRANT REVENUE 43,341. SUSPENDED LOSSES 174,007. FLOW THROUGH (INCOME) LOSS - CAST POWERHOUSE MANAGER, LLC -14,614. CAST 1007 MARKET LLC 1007 MARKET STREET SAN FRANCISCO CA 94103 611748683 REAL ESTATE CA COMMUNITY ARTS STABILIZATION TRUST -69477 -130457 0 1 0.90000 CAST 80 TURK LLC 80 TURK STREET SAN FRANCISCO CA 94102 611750021 REAL ESTATE CA COMMUNITY ARTS STABILIZATION TRUST -120434 -198387 0 1 0.90000 CAST POWERHOUSE QALICB LLC 70 OTIS STREET SAN FRANCISCO CA 94103 384055470 REAL ESTATE CA CAST POWERHOUSE MANAGER LLC -2550 1152906 0 0 0.51000 CAST POWERHOUSE MANAGER LLC 70 OTIS STREET SAN FRANCISCO CA 94103 611863224 INVESTING CA COMMUNITY ARTS STABILIZATION TRUST C -2575 1161041 1.00000 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 CAST 1007 MARKET LLC D 95044 CASH CAST 80 TURK LLC D 93957 CASH CAST 1007 MARKET LLC B 10800 CASH CAST POWERHOUSE MANAGER LLC B 1161041 CASH CAST POWERHOUSE QALICB LLC D 962334 CASH