2015-11-12T19:34:20-06:00 2014-12-31 941254756 HOOD & STRONG LLP 100 FIRST STREET 14TH FLOOR SAN FRANCISCO CA 94105 990 2014-01-01 205253663 BENEFICIAL STATE FOUNDATION BENE 5104636560 1438 WEBSTER STREET NO 101 OAKLAND CA 94612 SALVADOR MENJIVAR EXECUTIVE DIRECTOR 5104636560 2015-11-11 1 MAGA E KISRIEV P01008919 4157810793 2014 2016-02-25 16:41:14Z SALVADOR MENJIVAR 1438 WEBSTER STREET NO 101 OAKLAND CA 94612 7539319 0 X WWW.BENEFICIALSTATE.ORG X 2006 DE TO COMBAT ECONOMIC DISTRESS AND ENCOURAGE COMMUNITY DEVELOPMENT. 7 7 11 32 0 0 11520121 7508700 75450 5000 918 708 34474 24911 11630963 7539319 356213 173246 0 0 689533 678620 0 0 0 1054239 711950 2099985 1563816 9530978 5975503 57452073 63358813 154908 74135 57297165 63284678 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 847007 173246 41921 SUPPORT BRIDGE HOUSING CORPORATION, EAST BAY COLLEGE FUND, 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. 847007 1 1 0 0 0 0 0 0 0 0 1 0 1 0 1 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 25 0 1 11 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 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 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 GARY SCHWARTZ BOARD DIRECTOR (THRU 3/20/14) 0.50 X 0 0 0 SALVADOR MENJIVAR EXECUTIVE DIRECTOR 40.00 X 173082 0 38585 173082 0 38585 1 0 1 0 FARELLA BRAUN MARTEL LLP 235 MONTGOMERY STREET SAN FRANCISCO CA 94104 LEGAL SERVICES 214397 1 7508700 7508700 SPONSORSHIP INCOME 900099 5000 5000 5000 708 708 OTHER REVENUE 900099 24911 24911 24911 7539319 24911 0 5708 173246 173246 211667 127000 84667 360268 218405 141863 14305 8297 6008 41876 24288 17588 50504 29293 21211 214397 214397 24000 24000 131983 88689 43294 39225 1339 37886 98738 53833 44905 22555 13533 9022 98389 74770 23619 30173 23639 6534 8642 8642 34879 34879 6271 913 5358 2698 1120 1578 1563816 847007 716809 0 2201178 3089758 932728 484996 29 0 0 800 588481 278682 344678 309799 53973460 59473460 57452073 63358813 79392 480 75516 73655 154908 74135 X 56637688 62618882 659477 665796 57297165 63284678 57452073 63358813 X 5975503 12010 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 0 0 TIDES FOUNDATION 510198509 7 1 0 0 3 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 471903 174271 297632 92567 86403 6164 24011 18008 6003 309799 RESTRICTED HOLDINGS IN BENEFICIAL STATE BANCORP, INC. 59473460 C 59473460 DEFERRED RENT 73655 73655 X 7551329 12010 12010 7539319 0 7539319 1563816 0 1563816 0 1563816 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. THE FOUNDATION FOLLOWS THE GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ISSUED BY FASB ASC TOPIC 740. AS OF DECEMBER 31, 2014 AND 2013, 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. WITH FEW EXCEPTIONS, THE FOUNDATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE INTERNAL REVENUE SERVICE (IRS) FOR THE YEARS ENDING DECEMBER 31, 2010 AND BEFORE. THE FOUNDATION IS CURRENTLY UNDER EXAMINATION BY THE IRS FOR THE YEAR ENDED DECEMBER 31, 2011. THE FOUNDATION IS NO LONGER SUBJECT TO TAX EXAMINATION BY THE CALIFORNIA FRANCHISE TAX BOARD FOR THE YEARS ENDING DECEMBER 31, 2009 AND BEFORE. * THE ABOVE DISCLOSURE IS THE COMPLETE TEXT OF THE FOOTNOTE TO THE 2014 AUDITED FINANCIAL STATEMENTS. SINCE THE FINANCIAL STATEMENTS WERE ISSUED THE IRS HAS COMPLETED THE AUDIT OF THE ORGANIZATION WITH NO CHANGES. THE AUDIT WAS CLOSED ON JULY 21ST OF 2014. PART XI, LINE 2D - OTHER ADJUSTMENTS: LOSS RECOVERY 12,010. 1 HAMILTON FAMILY CENTER 1631 HAYES ST SAN FRANCISCO CA 94117 943055602 10000 "SHARING THE HARVEST" EVENING BENEFIT SPONSORSHIP JULIA MORGAN CENTER FOR THE ARTS 2640 COLLEGE AVE BERKELEY CA 94704 942626454 10000 2014-15 SEASON: EXECUTIVE PRODUCER SPONSORSHIP MCMILLAN DESIGN GROUP MARIN PERFORMING STARS 271 DRAKE AVE MARIN CITY CA 94965 943136030 7364 2500 CALENDARS FOR FUNDRAISING FOR MARIN PERFORMING STARS ANNIVERSARY PROGRAM) PLAYWORKS EDUCATION ENERGIZED 380 WASHINGTON ST OAKLAND CA 94607 943251867 7500 GET IN THE GAME 2014 SPONSORSHIP , EVENT SPONSORSHIP - KPP 2014 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 173082 0 0 0 0 0 10440 0 28145 0 211667 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). FORM 990, PART XI, LINE 9: LOSS RECOVERY FROM PASSIVE ACTIVITIES 12,010. 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 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 BENEFICIAL STATE BANCORP INC R 5500000 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.