2018-11-15T16:32:58-06:00 2017-12-31 941254756 HOOD & STRONG LLP 275 BATTERY ST STE 900 SAN FRANCISCO CA 94111 990 2017-01-01 205253663 BENEFICIAL STATE FOUNDATION BENE 5104636560 1438 WEBSTER STREET NO 300 OAKLAND CA 94612 SALVADOR MENJIVAR INTERIM EXECUTIVE DIRECTOR 5104636560 2018-11-13 1 MAGA E KISRIEV P01008919 4157810793 50.247.123.181 2018-11-13 16:08:09 PS P 0E4C15207DC127BDB52450F77D4060F40C3F1AE4 AF8CEB370D326163F0BB3B0FE9FA6EE2BD1C282B 2017 2019-02-21 02:37:17Z ERIN KILMER NEEL 1438 WEBSTER STREET NO 300 OAKLAND CA 94612 11572440 0 X WWW.BENEFICIALSTATE.ORG X 2006 DE TO COMBAT ECONOMIC DISTRESS AND ENCOURAGE COMMUNITY DEVELOPMENT. 7 7 14 73 0 0 24540000 11565555 5527 4446 169 119 6184 2320 24551880 11572440 316061 413898 0 0 1070640 1148452 0 0 0 663781 688250 2050482 2250600 22501398 9321840 84526896 93844530 89853 85647 84437043 93758883 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 1643995 413898 6766 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. 1643995 1 1 0 1 0 0 0 0 0 0 1 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 30 0 1 14 1 0 0 0 0 0 0 0 0 0 0 X 7 7 1 0 0 0 0 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X ERIN KILMER NEEL 5104636560 1438 WEBSTER STREET SUITE 300 OAKLAND CA 94612 KAT TAYLOR PRESIDENT 0.50 X X 0 0 0 TOM STEYER SECRETARY/TREASURER 0.50 X X 0 0 0 KRISS DEIGLMEIER BOARD DIRECTOR 0.50 X 0 0 0 CYNTHIA PARKER BOARD DIRECTOR 0.50 X 0 0 0 MICHAEL KIESCHNICK BOARD DIRECTOR 0.50 X 0 0 0 ROBERT WILKINS BOARD DIRECTOR 0.50 X 0 0 0 ELMY BERMEJO BOARD DIRECTOR 0.50 X 0 0 0 SALVADOR MENJIVAR EXECUTIVE DIRECTOR 40.00 X 170574 0 40524 ERIN KILMER NEEL DEPUTY DIRECTOR & CHIEF IMPACT OFFCR 40.00 X 121200 0 18813 291774 0 59337 2 0 1 0 0 11565555 11565555 PROGRAM INCOME 900099 4446 4446 4446 119 119 EVENT REVENUE 900099 2320 2320 2320 11572440 6766 0 119 413898 413898 308832 178541 130291 533543 474385 59158 109695 85562 24133 111218 90779 20439 85164 66428 18736 86021 86021 65701 65701 2613 2613 147107 40542 106565 69195 68168 1027 52146 5594 46552 3560 2777 783 89703 69968 19735 22032 14369 7663 17536 13208 4328 9 9 7650 7650 7814 7814 ANNUAL AWARDS EVENT 84982 84982 MEMBERSHIP DUES 30395 30395 1786 1786 2250600 1643995 606605 0 928594 167082 106768 106875 17747 16536 139342 124515 19027 14827 83454760 93539210 84526896 93844530 89853 85647 89853 85647 X 84290443 93612283 146600 146600 84437043 93758883 84526896 93844530 9321840 0 X 0 1 X 1 0 X X X 2 BRIDGE HOUSING CORPORATION 942827909 7 1 0 0 TIDES FOUNDATION 510198509 7 1 400000 0 2 400000 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 PART IV, SECTION A, QUESTION 6 1. TEXAS ORGANIZING PROJECT $2,500 2. UNICEF $2,642 3. SONOMA COUNTY COMMUNITY FOUNDATION $4,000 4. CITY FRUIT $100 5. REDWOOD CREDIT UNION COMMUNITY FUND $1,000 6. LATINO COMMUNITY FOUNDATION $1,105 7. EVA LONGORIA FOUNDATION $5,000 0 2613 2613 2247987 2250600 262530 65633 0 0 262530 262530 393795 2613 2613 65633 65633 98450 139342 124515 14827 14827 RESTRICTED HOLDINGS IN BENEFICIAL STATE BANCORP, INC. 93495710 C INVESTMENT IN GABV SAPPHIRE FUND 43500 C 93539210 X 11572440 0 11572440 0 11572440 2250600 0 2250600 0 2250600 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 THREE PUBLICLY SUPPORTED ORGANIZATIONS. IN ADDITION, THE FOUNDATION COULD BE SUBJECT TO TAX ON UNRELATED BUSINESS INCOME, IF ANY, GENERATED BY ITS INVESTMENTS. AS OF DECEMBER 31, 2017 AND 2016, 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. 1 TIDES FOUNDATION THE PRESIDIO PO BOX 29903 SAN FRANCISCO CA 94129 510198509 501(C)(3) 400000 FOR DISBURSEMENT OF SPONSORSHIP FUNDS TO NON-PROFITS 1 0 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 0 0 X X X 0 0 0 0 0 0 0 0 0 SALVADOR MENJIVAR EXECUTIVE DIRECTOR 170574 0 0 0 0 0 26172 0 14352 0 211098 0 0 0 PART I, LINE 1A THE FOUNDATION PAID UP TO $50 FOR A GYM MEMBERSHIP FOR EACH EMPLOYEE (WHO WANTS IT) PER MONTH. IT WAS TREATED AS TAXABLE COMPENSATION TO THE EMPLOYEES. PART I, LINE 1B THE FOUNDATION PAID GYM MEMBERSHIP DUES DIRECTLY TO THE CLUBS. FORM 990, PART VI, SECTION A, LINE 2 KAT TAYLOR AND TOM STEYER HAVE A FAMILY RELATIONSHIP. 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 TOMKAT FOUNDATION 111 SUTTER STREET 10TH FLOOR SAN FRANCISCO CA 94104 205730928 GRANTMAKING CA 501(C)(3) PF BENEFICIAL STATE FOUNDATION 1 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 ALBINA COMMUNITY BANK 2002 NE MLK JR BLVD PORTLAND OR 97212 BANKING & FINANCIAL SERVICES OR BENEFICIAL STATE BANCORP INC C 0 0 0 1 1 0 0 0 0 0 0 1 0 0 1 0 1 0 1 0 BENEFICIAL STATE BANK D 106600 10% OF TOTAL LOAN BENEFICIAL STATE BANCORP INC R 10100000 FMV BENEFICIAL STATE BANK N 89703 RENTAL CONTRACTS TOMKAT FOUNDATION C 11526004 PER AGREEMENT SCHEDULE R, PART IV, COLUMN (H) THE FOUNDATION OWNS 100% OF THE CLASS B SHARES AND 0% OF THE CLASS A SHARES OF BENEFICIAL STATE BANCORP. BENEFICIAL STATE BANCORP OWNS 100% OF THE COMMON STOCK OF BENEFICIAL STATE BANK AND 90.1% OF THE SHARES OF ALBINA COMMUNITY BANK.