2016-11-07T09:14:07-06:00 2015-12-31 941254756 HOOD & STRONG LLP 275 BATTERY STREET STE 900 SAN FRANCISCO CA 94111 990 2015-01-01 205253663 BENEFICIAL STATE FOUNDATION BENE 5104636560 1438 WEBSTER STREET NO 101 OAKLAND CA 94612 SALVADOR MENJIVAR EXECUTIVE DIRECTOR 5104636560 2016-11-03 1 MAGA E KISRIEV P01008919 4157810793 2015 2017-02-10 21:41:12Z SALVADOR MENJIVAR 1438 WEBSTER STREET NO 101 OAKLAND CA 94612 602442 0 X WWW.BENEFICIALSTATE.ORG X 2006 DE TO COMBAT ECONOMIC DISTRESS AND ENCOURAGE COMMUNITY DEVELOPMENT. 6 6 9 54 0 0 7508700 245000 5000 33356 708 361 24911 323725 7539319 602442 173246 224835 0 0 678620 873415 0 0 0 711950 853225 1563816 1951475 5975503 -1349033 63358813 61936041 74135 396 63284678 61935645 TO CREATE, GUIDE, AND PROMOTE A BENEFICIAL BANKING MODEL THAT TRANSFORMS THE BANKING INDUSTRY; WE ACCELERATE THE TRANSFORMATION BY ATTRACTING HUMAN, FINANCIAL, AND INTELLECTUAL RESOURCES (OR CAPITAL) TO BENEFICIAL BANKING. 0 0 1173492 224835 333581 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. 1173492 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 0 0 0 1 21 0 1 9 1 0 0 0 0 0 0 0 0 0 0 X 6 6 1 0 0 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 101 OAKLAND CA 94612 KAT TAYLOR PRESIDENT 0.50 X X 0 0 0 TOM STEYER SECRETARY OF THE BOARD 0.50 X X 0 0 0 MARTIN WEINSTEIN BOARD DIRECTOR (THRU 9/15/15) 0.50 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 SALVADOR MENJIVAR EXECUTIVE DIRECTOR 40.00 X 172548 0 70464 172548 0 70464 1 0 1 0 0 245000 245000 SPONSORSHIP INCOME 900099 23500 23500 PROGRAM INCOME 900099 9856 9856 33356 361 361 PRIOR YEAR REFUNDS 900099 299595 299595 EVENT REVENUE 900099 24130 24130 323725 602442 333581 0 23861 224835 224835 191684 95842 95842 459799 362259 97540 107012 82399 24613 65760 52608 13152 49160 37853 11307 67520 67520 50900 50900 147285 118222 29063 17399 6230 11169 56481 44499 11982 86379 61553 24826 104907 58049 46858 26781 14635 12146 7072 7072 7848 1521 6327 LOSS ON DISPOSAL OF ASS 274135 274135 6518 5915 603 1951475 1173492 777983 0 3089758 1040892 484996 486241 800 2913 116578 115793 309799 785 36750 59473460 60368460 63358813 61936041 480 396 73655 0 74135 396 X 62618882 61789045 665796 146600 63284678 61935645 63358813 61936041 -1349033 0 X 0 1 X 1 0 X X X 3 BRIDGE HOUSING CORPORATION 942827909 7 1 0 0 EAST BAY COLLEGE FUND 542103707 7 1 25000 0 TIDES FOUNDATION 510198509 7 1 0 0 3 25000 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 116578 115793 785 785 RESTRICTED HOLDINGS IN BENEFICIAL STATE BANCORP, INC. 60368460 C 60368460 X 602442 0 602442 0 602442 1951475 0 1951475 0 1951475 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, 2015 AND 2014, MANAGEMENT EVALUATED THE FOUNDATION'S TAX POSITIONS AND CONCLUDED THAT THE FOUNDATION HAD MAINTAINED IT 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 BAY AREA COUNCIL FOUNDATION 353 SACRAMENTO ST STE 10TH FLOOR SAN FRANCISCO CA 94111 201826827 6000 BSB SILVER SUPPORTING ORGANIZATION'S FUNDRAISING FOR 2015 ANNUAL DINNER EAST BAY COLLEGE FUND 6114 LA SALLE AVE NO 31 OAKLAND CA 94611 542103707 25000 FOR SUPPORTING ORGANIZATION'S FUNDRAISING-50 YEARS OF OAKLAND LOVE GALA REDWOOD CREDIT UNION COMMUNITY FUND 3033 CLEVELAND AVE STE 101 SANTA ROSA CA 95403 475084832 5250 DONATION TO REDWOOD CREDIT UNION FUND'S TO SUPPORT VICTIMS OF CA WILDFIRES SONOMA MOUNTAIN BUSINESS CLUSTER (DBA SOCO NEXUS) 1300 VALLEY HOUSE DR STE 100 ROHNERT PARK CA 94928 205033629 10000 FOR SUPPORTING ORGANIZATION'S FUNDRAISING. 4 0 PART I, LINE 2: THE ORGANIZATION ASKS EACH GRANTEE FOR A FULL REPORT ON THE USE OF THE GRANT FUNDS. X X X 0 0 0 0 0 0 0 0 0 SALVADOR MENJIVAR EXECUTIVE DIRECTOR 172548 0 0 0 0 0 42232 0 28232 0 243012 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 7A DIRECTORS ARE APPOINTED BY THREE SUPPORTED ORGANIZATIONS: BRIDGE HOUSING, TIDES FOUNDATION, AND THE EAST BAY COLLEGE FUND. ADDITIONALLY, TWO DIRECTORS ARE APPOINTED BY THE TOMKAT FOUNDATION. 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 THREE SUPPORTED ORGANIZATIONS. FORM 990, PART VI, SECTION B, LINE 11 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, AND 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 EAST BAY COLLEGE FUND 6114 LASALLE AVENUE NO 314 OAKLAND CA 94611 542103707 EDUCATIONAL FINANCIAL 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 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 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 1 0 BENEFICIAL STATE BANK D 106600 10% OF TOTAL LOAN BENEFICIAL STATE BANCORP INC R 895000 FMV 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.