2015-04-15T14:20:31-07:00 2014-05-31 Vasin Heyn & Company 5000 N Parkway Calabasas 201 Calabasas CA 91302 990 2013-06-01 940948140 Berkeley Student Cooperative FKA Univ Students Cooperative Assn BERK 5105495959 2424 Ridge Road Berkeley CA 94709 Kim Benson Executive Director 2015-04-15 true Rolland Vasin P00644882 8182223500 2013 2016-02-25 16:41:14Z Kim Benson 2424 Ridge Road Berkeley CA 94709 10972961 false false X www.bsc.coop X 1934 CA Provide a quality, low cost, cooperative housing community to University students. 29 28 64 1300 0 205010 342044 10038258 10044944 174124 181167 221794 404806 10639186 10972961 41385 66992 0 2220772 2638577 0 149695 6844373 7068657 9106530 9774226 1532656 1198735 45802952 46574012 22714974 22287299 23087978 24286713 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 8140540 10972960 Provide a quality, low cost, cooperative housing community to University students. 8140540 true true false false false false false false true true true false false true true true true false false false false false false false false false false true true false true false false false false false false true false false false false false false false false false false false false false true 44 0 false 64 true false false false false false false false false 0 false false false false false false false false false false X 29 28 false false false false true true false true true false false true true true true true true true true false X X Steven Catano 5105495959 2424 Ridge Road Berkeley CA 94709 Ben Perez VP Int. Affairs 14.00 0.00 X X 5164 0 0 Madeleine Loh Director 5.00 0.00 X 67588 0 10302 Ainslee Fessenden Director 5.00 0.00 X 0 0 0 Araceli Beltran Director 5.00 0.00 X 0 0 0 Justin Tombolesi Director 5.00 0.00 X 0 0 0 Wen Liang Director 5.00 0.00 X 0 0 0 Leanne Fan Director 5.00 0.00 X 0 0 0 Rebecca Kinsella Director 5.00 0.00 X 0 0 0 Lauren Schrimmer Director 5.00 0.00 X 0 0 0 Zury Cendejas Director 5.00 0.00 X 0 0 0 Ave Gatton Director 5.00 0.00 X 0 0 0 Mohana Kute Director 5.00 0.00 X 0 0 0 Jalissa Williams Director 5.00 0.00 X 0 0 0 Miguel Fonseca Director 5.00 0.00 X 0 0 0 Mitar Mulitinovic Director 5.00 0.00 X 0 0 0 AJ Lamarque Director 5.00 0.00 X 0 0 0 Kimberly Almanza Director 5.00 0.00 X 0 0 0 Christina Vasiliou Director 5.00 0.00 X 0 0 0 Bernie Cesena Director 5.00 0.00 X 0 0 0 Melissa Perez Director 5.00 0.00 X 0 0 0 Tomas WhiteAntelope Director 5.00 0.00 X 0 0 0 Harrison Hodgin Director 5.00 0.00 X 0 0 0 Owen Kent Director 5.00 0.00 X 0 0 0 Hamza Jaka Director 5.00 0.00 X 0 0 0 Loren McImtyre Director 5.00 0.00 X 0 0 0 Britt Abrahamson Director 5.00 0.00 X 0 0 0 Alexandra Neikirk Director 5.00 0.00 X 0 0 0 Zack Briefer Director 5.00 0.00 X 0 0 0 Addie Baxter Director 5.00 0.00 X 0 0 0 Myles Walden Director 5.00 0.00 X 0 0 0 Andrew Robinett Director 5.00 0.00 X 0 0 0 Kim Almanza Director 5.00 0.00 X 0 0 0 Jalissa Williams Director 5.00 0.00 X 0 0 0 Sarah Adler Director 5.00 0.00 X 0 0 0 Spencer Simpson Director 5.00 0.00 X 0 0 0 Liz Baroi Director 5.00 0.00 X 0 0 0 Miguel Duarte Director 5.00 0.00 X 0 0 0 Hilary Goldberg Director 5.00 0.00 X 0 0 0 Natalie Reyes Director 5.00 0.00 X 0 0 0 Norman Cahn Director 5.00 0.00 X 0 0 0 Norm Abrahamson Director 5.00 0.00 X 0 0 0 Miguel Fonseca Director 5.00 0.00 X 0 0 0 Avi Ballo Director 5.00 0.00 X 0 0 0 Marissa Embola Director 5.00 0.00 X 0 0 0 Beth Soroko Director 40.00 0.00 X 0 0 0 Sarah Jacobvitz Director 40.00 0.00 X 0 0 0 Joseph Homer Director 14.00 0.00 X 0 0 0 Athena Whitemore Director 14.00 0.00 X 0 0 0 Kevin GormanEvelyn Hammid Director 20.00 0.00 X 0 0 0 Naomi Kosman-Wiener Director 14.00 0.00 X 0 0 0 Phoebe Schmidt Director 14.00 0.00 X 0 0 0 Alice Ross Director 14.00 0.00 X 0 0 0 Ava Margolis Director 14.00 0.00 X 0 0 0 Thomas Kelly Director 14.00 0.00 X 0 0 0 Conor Carroll Director 5.00 0.00 X 0 0 0 Jim Gray Executive Dir. 40.00 0.00 X 129848 0 7315 Kim Benson Operations Mgr 40.00 0.00 X 96000 0 10171 Will Krantz Pres Sum 2013 20.00 0.00 X 3120 0 0 Michelle Nacouzi President 20.00 0.00 X 6802 0 0 Audrey Bruner VP Sum. '13 15.00 0.00 X 2340 0 0 Alexandra Kantor VP Cap. Affairs 14.00 0.00 X 4977 0 0 James Chang VP Ext Affairs 14.00 0.00 X 5143 0 0 Frank Ammirato VP Exp & Train 14.00 0.00 X 5027 0 0 Sam Strimling VPFA Fall 2013 14.00 0.00 X 2489 0 0 Spencer Pritchard VP Fin. Affairs 14.00 0.00 X 2551 0 0 Katrina McLaughlin VP Operations 14.00 0.00 X 5226 0 0 336275 27788 1 false false false Kaufman Construction Inc 607 Hearst Avenue Berkeley CA 94710 Contractor 122194 Argueta Construction 1240 Jack London Drive Vallejo CA 94589 Contractor 148350 CounterForce Inc 2537 Willow St 1 Oakland CA 94607 Contractor 300578 Clark Pest Control 4045 Nelson Avenue Suite B Concord CA 94520 Contractor 184350 Kane Pacific 3056 Castro Valley Blvd 58 Castro Valley CA 94546 Contractor 142592 5 342044 342044 Apartments 721310 2030068 2030068 Parking 721310 161352 161352 Room and Board Fees 721310 7853524 7853524 10044944 181167 64012 117155 0 0 279593 279593 279593 279593 0 0 0 0 Other income 125213 125213 125213 10972961 10513762 117155 10000 10000 56992 56992 0 0 364063 314705 38219 11139 0 1815146 1569054 190547 55545 96491 83409 10129 2953 251288 217220 26378 7690 111589 96460 11714 3415 0 26566 21266 4997 303 74300 55995 17458 847 0 0 0 0 0 0 0 0 99133 79357 18647 1129 0 0 0 954701 764246 179572 10883 0 1535156 1230995 288761 15400 343349 274852 64584 3913 Food 1490298 1192984 280325 16989 Utilities 803373 643100 151115 9158 Repairs and Maintenance 685932 549088 129025 7819 Miscellaneous 245552 170520 72520 2512 810297 810297 9774226 8140540 1483991 149695 3473595 2464645 2860468 4687248 0 73542 48093 0 0 0 90911 55898 322636 244243 59625018 28111704 31677929 31513314 4409511 4292084 0 0 0 2894360 3268487 45802952 46574012 71065 346744 13750 1162615 19155000 18621412 303697 414226 570000 563588 2601462 1178714 22714974 22287299 X 21862926 22776610 620247 905298 604805 604805 23087978 24286713 45802952 46574012 1198735 X X false true X true false X 190799 183449 353264 205010 342044 1274566 8678971 9591132 9808280 10260052 10324537 48662972 0 0 0 8869770 9774581 10161544 10465062 10666581 49937538 0 0 49937538 123522 162405 187335 179217 181167 833646 0 123522 162405 187335 179217 181167 833646 0 447592 83127 125213 655932 9440884 10020113 10348879 10644279 10972961 51427116 0.97100 0.96270 0.01620 0.02130 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true X 724782 5857 -32074 698565 714768 23577 -13563 724782 713349 76445 -40277 -34749 714768 686453 22204 27520 -22828 713349 617444 19587 78140 -28988 686453 false false false 1445551 1445551 55001685 25224121 29777564 3177782 2887583 290199 31513314 Bond Funds 717803 Bond Sinking Fund 1030818 Cash Held for Others 386999 Construction in Progress 266062 Investment Held for Others 27227 Investment in National Cooperative Bank 31077 Loan and Leasing Fees 580149 Reserve for Replacement 228352 3268487 Accrued Payroll and Related Liabilities 25567 Interest Payable 154216 Premium on Bond Interest 197520 Refundable Deposits 801411 1178714 X 10972961 10972961 10972961 9774226 9774226 9774226 Part IV, Line 2b: Explanation of escrow account liability For the BSC Alumni Association (BSCAA), Berkeley Student Cooperative (BSC) holds BSCAA membership dues in a separate Schwab account. The BSCAA exists to generate a membership base of BSC alumni in order to procure donations for BSC. The larger the membership base, hopefully the more donations BSC receives. Because alumni send membership renew money with donations, it was deemed easier to hold the funds at BSC and have BSC report an asset and corresponding liability on its books.BSC comprised of over 1,250 student members living in over twenty student housing around UC Berkeley campus. The houses 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 house levels that are not included in the BSC room & board or rent contracts such as cable TV, newspapers and periodicals, interest 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, 2014, 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; 2013, 2012, 2011, are subject to examination by the IRS, generally for 3 years after they were filed. true Fusion Latina Collective LLC PO Box 2833 Richmond CA 94802 10000 0 Annual co-operative develop grant 0 1 Scholarships for members of co-op 34 56992 Grantmaker's Description of How Grants are Used The BSC offers a co-op development grant once per year to local cooperative/non-profits. Interested organizations must apply for the grant (stating a specific use for the funds). Applicants are vetted by the external affairs committee and the grant is reviewed and approved by the Board of Directors. Organizations receiving the grants are expected to report back to the Board of Directors on how the funds are used and to provide an update on the status of the project/new cooperative. No co-op development grant was awarded in the tax year. A CA Municipal Finance Auth 201563466 13048TBP7 2007-10-01 20000000 Sesismic & Disabled Access false false false A 20000000 1380510 600000 900000 17119525 2010 true false true true A false false false false false false false A false false false false false false false false Part VI (A) Issuer Name: $20,000,000 California Municipal Finance Authority(F) Description of Purpose: Sesismic & disabled access projects, refinancing debt. Hiliary Goldberg Board Rep 2212 Scholarship Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder Membership is open to students and University staff 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, Accountant and Vice President of Financial Affairs/Treasurer review the Form 990. The Form 990 then goes to the Finance Committee for further review, then on to the Board of Directors for final approval. 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 charges 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 by 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, 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. 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 http:/berkeleystudentcooperative.org 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 accountant.