2019-08-07T13:36:34-07:00 2018-05-31 954401626 Vasin Heyn & Company 5000 N Parkway Calabasas 201 Calabasas CA 91302 990 2017-06-01 940948140 Berkeley Student Cooperative FKA Univ Students Cooperative Assn BERK 5105495959 2424 Ridge Road Berkeley CA 94709 Kimberly Benson Exec. Dir./CEO 2019-08-07 true Rolland Vasin P00644882 8182223500 2017 2019-02-21 02:37:17Z X Kimberly Benson 2424 Ridge Road Berkeley CA 94709 18159580 false false 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. 29 21 56 1270 0 447949 1249198 10244787 10403025 60213 218675 471484 467587 11224433 12338485 107988 163962 0 2984272 3014549 0 210380 6827663 6689019 9919923 9867530 1304510 2470955 49517856 52010657 20074339 19864898 29443517 32145759 The mission of the Berkeley Student Cooperative (BSC) is 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. false false 8024365 Provide a quality, low cost, cooperative housing community to University students who otherwise might not be able to afford a University education. 8024365 true true false false false false false false true true true false false false true true true false false false false false false false false false false true true true true false false false false false false true false false false false false false false false false false false false true 36 0 true 56 true false false false false false false false false 0 false false false false false false false false false false X 29 21 false false false false true true false true true false false true true true true true true true true false CA X X Steven Catano 5105495959 2424 Ridge Road Berkeley CA 94709 Zach Gamlieli President 25.00 0.00 X X 13401 0 0 Suleekho Muse VP Finance 20.00 0.00 X X 6826 0 0 Joshua Erdtsieck VP Ext. Affairs 20.00 0.00 X X 8593 0 0 Alex Coffin VP Exp&Training 20.00 0.00 X X 10726 0 0 Christine Griffin Director 5.00 0.00 X 2807 0 0 Shilo Pinto-Quintanilla Director 5.00 0.00 X 0 0 0 Jane Kim Director 5.00 0.00 X 0 0 0 Alankrita Dayal Director 5.00 0.00 X 2755 0 0 Ari Hosseini Director 5.00 0.00 X 2323 0 0 Emery Martinez Director 5.00 0.00 X 0 0 0 Nick Johnson Director 5.00 0.00 X 0 0 0 John Ehrlich Director 5.00 0.00 X 0 0 0 Elissa Roy Director 5.00 0.00 X 0 0 0 Briana Bowers Director 5.00 0.00 X 2768 0 0 Abdullah Puckett Non Ex. Cabinet 10.00 0.00 X 1691 0 0 Luis Torres Director 5.00 0.00 X 0 0 0 Sarah Gist Director 5.00 0.00 X 0 0 0 Patricia Malagon Director 5.00 0.00 X 0 0 0 Karl Lindemann Director 5.00 0.00 X 0 0 0 Raul Topete Director 5.00 0.00 X 0 0 0 Benjamin Esptein Director 5.00 0.00 X 1828 0 0 Carlos Farias Non Ex. Cabinet 10.00 0.00 X 2966 0 0 Christine Ahn Director 5.00 0.00 X 14 0 0 Saaleha Bay Director 5.00 0.00 X 0 0 0 Luis Molina Director 5.00 0.00 X 1768 0 0 Maria Guerra Director 5.00 0.00 X 0 0 0 Will Colin-Diamond Director 5.00 0.00 X 201 0 0 Jess Haro VP Int. Affairs 20.00 0.00 X X 8373 0 0 Jaya Mantovani Director 5.00 0.00 X 0 0 0 Jo Haupt Director 5.00 0.00 X 623 0 0 Erendira Di Giuseppe Director 5.00 0.00 X 949 0 0 Yeshe Salz Director 5.00 0.00 X 0 0 0 Madeleine Loh Dir/Develop Dir 40.00 0.00 X 83996 0 13379 Max Kanwal Director 5.00 0.00 X 0 0 0 Kimberly Benson Exec Director 50.00 0.00 X 144160 0 17656 Steven Catano Fin & Acctg Mgr 50.00 0.00 X 106775 0 25471 Marie Lucero Operations Manager 50.00 0.00 X 102098 0 11030 505641 67536 3 false true false Counterforce Inc 2537 Willow Street Oakland CA 94607 Renovations 951828 JJ Renovations 501 Duboce Ave Richmond CA 94801 Renovations 175445 City Mechanical Inc 724 Alfred Nobel Dr Hercules CA 94547 HVAC Repair/Install 137976 Cooper & Hawkins Inc 2701 San Pablo Avenue Berkeley CA 94702 HVAC Repair/Install 205764 ACV Roofing Inc 1946 Embarcadero Oakland CA 94606 Roofing 196100 5 1249198 14041 1249198 Apartments 721310 2581088 2581088 Parking & Other Fees 721310 413801 413801 Room and Board Fees 721310 7408136 7408136 10403025 224562 224562 0 0 279593 279593 279593 279593 5815208 5821095 -5887 -5887 -5887 0 0 0 Other income 900099 187994 187994 187994 12338485 11089287 50000 50000 113962 113962 0 0 460049 54203 307151 98695 0 2097681 1568276 522758 6647 73901 55426 18475 246725 185044 61681 136193 96392 32130 7671 0 22060 22060 38665 38665 0 0 85386 85386 0 0 0 0 0 107247 107247 0 0 0 527341 527341 0 1788225 1788225 395042 213787 181255 Food 1362482 1362482 Utilities 893526 893526 Repairs and Maintenance 623474 510467 107357 5650 Supplies 150110 120434 29676 695461 377553 226191 91717 9867530 8024365 1632785 210380 5349258 4701703 0 0 -26282 625839 0 0 0 79522 80348 328347 322224 68029656 34719808 32436177 33309848 9207104 11141114 0 0 0 2143730 1829581 49517856 52010657 779981 637152 1442491 1833397 17035208 16216437 47852 53170 200000 100000 568807 1024742 20074339 19864898 X 27644181 29906463 966339 1406299 832997 832997 29443517 32145759 49517856 52010657 2470955 231287 X X false true X true false X 342044 553176 441884 447979 1249198 3034281 10324537 10452237 10355169 10244787 10403025 51779755 0 0 0 10666581 11005413 10797053 10692766 11652223 54814036 0 0 54814036 181167 42763 -42488 129106 224562 535110 0 181167 42763 -42488 129106 224562 535110 0 125213 169621 242220 191891 187994 916939 10972961 11217797 10996785 11013763 12064779 56266085 0.97420 0.97780 0.00950 0.00890 X false true X 935952 106961 7001 -113962 935952 878848 22773 142324 -107993 935952 935952 103361 -46657 -113808 878848 698565 228192 72688 -63493 935952 724782 5857 -32074 698565 0.11000 0.89000 false false false 1445551 1445551 62915953 31299096 31616857 3668152 3420712 247440 33309848 Accrued Payroll and Related Liabilities 7212 Interest Payable 50745 Other Liabilities 426467 Refundable Deposits 540318 1024742 X 12569772 231287 231287 12338485 12338485 9867530 9867530 9867530 Part IV, Line 2b: Explanation of escrow account liability BSC holds money for individual houses in various separate accounts. This money is raised by houses for their use.BSC is comprised of approximately 1,270 student members living and/or boarding intwenty houses and apartment complexes around the UC Berkeley campus. Thehouses/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 unit levels that are not included in the BSC room & board or rent contracts such as cable tv,newspapers and periodicals, internet service, etc. Part X : FIN48 Footnote 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, 2018, 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; 2017, 2016 and 2015, are subject to examination by the IRS, generally for 3 years after they were filed. true Able Community 212 W Washington St 1205 Chicago IL 60606 471913272 20000 0 Book Coop Development Grant '17 Brick & Mortar Collective 728 Taylor Street Detroit MI 48202 474198939 20000 0 Book Coop Development Grant '18 Hasta Muerte Coffee 2701 Fruitvale Avenue Oakland CA 94601 814660432 10000 0 Book Coop Development Grant '16 0 3 Scholarships for members of the BSC 127 113962 Book Grantmaker's Description of How Grants are Used Scholarships for individual BSC members are granted on the basis of unmet financial need, based on information generated by the University Financial Aid Office. X X X false false false false false false false false false false Kimberly Benson Exec Director 142800 1360 11533 6123 161816 A California Enterprise Dev 352273601 000000000 2016-09-22 17600000 Refund Prior Issue (Seismic & false false false A 17600000 318041 17281959 false true true true A false false false false false false false A false false false false false false false false Part VI (A) Issuer Name: California Enterprise Development Authority; Revenue Bonds (Berkeley Student Cooperative, Inc. Project) Series 2016(F) Description of Purpose: Advance Refunding of 2007 Series Bonds (Seismic & Disabled Access Improvements) Luis Torres Director 1095 Scholarship Scholarship/Housing Patricia Malagon Director 1147 Scholarship Scholarship/Housing Raul Topete Director 574 Scholarship Scholarship/Housing Shilo Pintoquintanill Director 1147 Scholarship Scholarship/Housing Benjamin Epstein Director 1147 Scholarship Scholarship/Housing Carlos Farias Director 1147 Scholarship Scholarship/Housing Jess Haro Director 1147 Scholarship Scholarship/Housing Luis Molina Director 1095 Scholarship Scholarship/Housing Alankrita Dayal Director 699 Scholarship Scholarship/Housing Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder Membership is open to full-time University or college students regardless of race, religion or political affiliation, upon payment of a life membership fee. There is only one class of membership. All members enjoy the same rights and privileges. Form 990, Part VI, Line 11b: Form 990 Review Process The Executive Director, Finance & Accounting Manager, and Vice President of Capital & Finance review the Form 990. The Form 990 then goes to the Capital & Finance Committee for further review and approval. Then the Board of Directors reviews the final tax return. Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts 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 in the first instance 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. The Executive Director is responsible for resolving all conflicts of interests by the staff, subject to approval by the cabinet. Depending on who is responsible for the conflict of interest, an actual conflict of interest, and the restrictions it requires, it may be resolved by the cabinet of Executive Officers or by the Audit Committee. The restrictions that may be imposed range from a change in scope of authority to termination, depending on the facts of the case. Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management The BSC annually compares salaries and benefits, including the Executive Director's, to those of comparable nonprofits in the bay area, using a nonprofit wage and benefits survey, called Fair Pay.In 2016, the BSC also engaged a professional compensation consultant to review and advise the Board on all professional staff salaries/wages. Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees The BSC annually compares salaries and benefits, including the Executive Director's, to those of comparable nonprofits in the bay area, using a nonprofit wage and benefits survey, called Fair Pay.In 2016, the BSC also engaged a professional compensation consultant to review and advise the Board on all professional staff salaries/wages. Form 990, Part VI, Line 19: Other Organization Documents Publicly Available The organization's governing documents, conflict of interest policy, and financial statements are available upon request. Many of the documents are available online at www.bsc.coop Form 990, Part XII, Line 2: Change of Oversight or Selection Process The oversight process is performed by the Audit Committee which is responsible for the compilation of the financial statements review of the audited financial statements as well as the selection of an independent auditing firm.