2017-11-15T16:38:03-06:00 2016-12-31 941254756 HOOD & STRONG LLP 275 BATTERY ST STE 900 SAN FRANCISCO CA 94111 990 2016-01-01 205253663 BENEFICIAL STATE FOUNDATION BENE 5104636560 1438 WEBSTER STREET NO 300 OAKLAND CA 94612 SALVADOR MENJIVAR EXECUTIVE DIRECTOR 5104636560 2017-11-14 1 MAGA E KISRIEV P01008919 4157810793 50.247.123.181 2017-11-14 20:09:04 PS P E001E1F7BE6D8F89CFA5F182C87A9F5E53B2AD9E E2D38E2829807B1C06F0413BFB903D8905570BA4 2016 2017-02-10 21:41:12Z X SALVADOR MENJIVAR 1438 WEBSTER STREET NO 300 OAKLAND CA 94612 24551880 0 X WWW.BENEFICIALSTATE.ORG X 2006 DE TO COMBAT ECONOMIC DISTRESS AND ENCOURAGE COMMUNITY DEVELOPMENT. 7 7 16 40 0 0 245000 24540000 33356 5527 361 169 323725 6184 602442 24551880 224835 316061 0 0 873415 1070640 0 0 0 853225 663781 1951475 2050482 -1349033 22501398 61936041 84526896 396 89853 61935645 84437043 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 1512650 316061 11711 SUPPORT BRIDGEHOUSING 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. 1512650 1 1 0 0 0 0 0 0 0 0 1 0 1 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 24 0 1 16 1 0 0 0 0 0 0 0 0 0 0 X 7 7 1 0 1 0 0 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X SALVADOR MENJIVAR 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 170168 0 41608 170168 0 41608 2 0 1 0 0 24540000 24540000 PROGRAM INCOME 900099 5527 5527 5527 169 169 EVENT REVENUE 900099 6184 6184 6184 24551880 11711 0 169 X 316061 316061 273956 156895 117061 533780 426141 107639 92450 66564 25886 109368 78745 30623 61086 43982 17104 67363 67363 62293 62293 228923 221099 7824 16516 13075 3441 17789 2217 15572 102588 69070 33518 90287 64336 25951 34187 24193 9994 16444 12106 4338 1072 1072 4914 4914 21405 18166 3239 2050482 1512650 537832 0 1040892 928594 486241 106768 2913 17747 135892 116865 785 19027 36750 59050 60368460 83395710 61936041 84526896 396 89853 396 89853 X 61789045 84290443 146600 146600 61935645 84437043 61936041 84526896 22501398 0 X 0 1 X 1 0 X X X 2 BRIDGE HOUSING CORPORATION 942827909 7 1 0 0 TIDES FOUNDATION 510198509 7 1 200000 0 2 200000 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 1 0 PART IV, SECTION A, QUESTION 5A THE FOUNDATION REMOVED THE EAST BAY COLLEGE FUND (EIN 54-2103707) AS ITS SUPPORTED ORGANIZATION IN 2015 TO REDUCE COMPLEXITY IN THE FOUNDATION'S BOARD STRUCTURE AND TO MAINTAIN ITS RELATIONSHIP WITH THE REMAINING TWO SUPPORTED ORGANIZATIONS. THE BOARD OF DIRECTORS OF THE FOUNDATION AND ALL THREE SUPPORTED ORGANIZATIONS APPROVED THE REMOVAL BY AMENDING THE FOUNDATION'S CERTIFICATE OF INCORPORATION. PART IV, SECTION A, QUESTION 6 1. OAKLAND PUBLIC EDUCATION FUND $30,000 2. LATINO COMMUNITY FOUNDATION $10,000 3. TRUST FOR CONSERVATION INNOVATION $10,000 4. GRAY AREA FOUNDATION FOR THE ARTS $5,000 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 135892 116865 19027 19027 RESTRICTED HOLDINGS IN BENEFICIAL STATE BANCORP, INC. 83395710 C 83395710 X 24551880 0 24551880 0 24551880 2050482 0 2050482 0 2050482 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 (1) 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, 2016, AND 2015, 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 200000 FOR DISBURSEMENT OF SPONSORSHIP FUNDS TO NON-PROFITS OAKLAND PUBLIC EDUCATION FUND PO BOX 27148 OAKLAND CA 94602 432014630 30000 TO SUPPORT BRILLIANT BABY PROGRAM LATINO COMMUNITY FOUNDATION 1 EMBARCADERO CENTER STE 1400 SAN FRANCISCO CA 94111 810564400 10000 ANNUAL FUNDRAISER TRUST FOR CONSERVATION INNOVATION 405 14TH STREET STE 164 OAKLAND CA 94612 912166435 10000 SUPPORT FOR ANIMAL WELFARE APPROVED 4 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 X X 0 0 0 0 0 0 0 0 0 SALVADOR MENJIVAR EXECUTIVE DIRECTOR 170168 0 0 0 0 0 24795 0 16813 0 211776 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 KAT TAYLOR AND TOM STEYER HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 4 THE AMENDED CERTIFICATE OF INCORPORATION REMOVED THE EAST BAY COLLEGE FUND FROM THE ORGANIZATION'S SUPPORTED ORGANIZATION. 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 EXECUTIVE DIRECTOR. THE EXECUTIVE DIRECTOR 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 EXECUTIVE DIRECTOR. EITHER THE EXECUTIVE DIRECTOR 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). FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL SERVICES: PROGRAM SERVICE EXPENSES 221,099. MANAGEMENT AND GENERAL EXPENSES 7,824. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 228,923. 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 0 0 1 0 BENEFICIAL STATE BANK D 106600 10% OF TOTAL LOAN BENEFICIAL STATE BANCORP INC R 23027250 FMV BENEFICIAL STATE BANCORP INC N 89355 RENTAL CONTRACTS TOMKAT FOUNDATION C 24500000 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.