2013-11-01T15:47:10-07:00 2013-06-30 Regalia & Associates CPAs 103 Town Country Dr Ste K Danville CA 94526 990 2012-07-01 943322348 EDEN AREA FOUNDATION INC EDEN 9254631980 21455 BIRCH STREET HAYWARD CA 94541 Cindy Keune 2013-11-01 true Douglas W Regalia P00186389 9253140390 2012 2015-11-30 17:44:51Z 441417 false false X www.edenareafoundation.org X 1999 CA Eden Area Foundation, Inc. was incorporated February 9, 1999 as a non-profit Public Benefit Corporation in the state of California to support and fund a variety of outreach programs benefiting needy community members. 9 9 0 10 0 70000 70000 0 197311 371417 0 267311 441417 236032 241511 0 0 0 0 144402 144689 380434 386200 -113123 55217 4966331 5308281 124453 129244 4841878 5179037 The Foundation was created through the generous contribution of a large gift from Eden United Church of Christ (Congregational) which it received from the estates of Gordon and Alden Oliver. The Foundation serves Southern Alameda County. false false 241511 241511 The objective of the Eden Area Foundations stewardship and development of these philanthropic funds is to carry out donors wishes by serving the following purposes: To support Christian outreach programs for the welfare of the local community; To exercise such stewardship in ways that promote Christian principles, demonstrate Christian compassion in the community, and enliven Eden Church itself.Eligibility for Grants:To be eligible for funding, an application organization must: * be a 501(c)(3) tax-exempt charitable organization, * provide services to residents of Alameda County, * include a significant representation of Alameda County residents on its governing board, and * have an annual financial audit in accordance with generally accepted accounting principles.Special consideration will be given to organizations located in the Eden Area (including Hayward, San Lorenzo, Ashland, Cherryland, Castro Valley, San Leandro and Oakland). 241511 true true false false false false false false false false false true false false false true true false false false false false false false false false false true false false false false false false false false false false false false false true false false false false false false false false false true 0 0 false 0 false false false false false false false false false 0 false false false false false false false false false false X 9 9 false false false false false false false true true false false true true true true true true true true false CA X X Cindy Keune 5107276753 21455 BIRCH STREET HAYWARD CA 94541 X James J Phillips 2.00 0.00 X 0 0 0 Rev Rob Parrish 2.00 0.00 X 0 0 0 Russ Newman 2.00 0.00 X 0 0 0 Suzie Hasselkuss 2.00 0.00 X 0 0 0 Jan Bass 2.00 0.00 X 0 0 0 Ed Reuling 2.00 0.00 X 0 0 0 Cindy Keune 4.00 0.00 X X 0 0 0 Jacqueline Blake 4.00 0.00 X X 0 0 0 Pete Michell 4.00 0.00 X X 0 0 0 0 false false false 0 70000 70000 70000 0 371417 371417 0 0 0 0 0 0 0 0 441417 371417 241511 241511 0 0 0 0 0 0 0 0 0 0 0 8756 8756 0 0 0 0 0 0 0 0 70000 70000 0 0 0 0 0 0 1500 1500 TAXES 75 75 Office and administrative 13054 13054 Management fees/investment exp 51304 51304 0 386200 241511 144689 0 0 31985 16456 0 0 0 0 0 0 0 0 0 4934346 5291825 0 0 0 4966331 5308281 124453 129244 124453 129244 X 4841878 5179037 4841878 5179037 4966331 5308281 55217 281942 X false true X true false X X X X false false false Eden United Church of Christ 943322348 Church true true true 172127 1 172127 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5291825 X 723359 281942 281942 441417 441417 386200 386200 386200 Part XI, Line 2d Part XI, Line 2d: Other revenue amounts included in F/S but not included on form 990 Unrealized investment gains $281942 Part X Part X : FIN48 Footnote Income TaxesFinancial statement presentation follows the recommendations of ASC 740, Income Taxes. Under ASC 740, the Foundation is required to report information regarding its exposure to various tax positions taken by the organization and requires a two-step process that separates recognition from measurement. The first step is determining whether a tax position has met the recognition threshold; the second step is measuring a tax position that meets the recognition threshold. Management believes that it has adequately evaluated its current tax positions and has concluded that as of June 30, 2013, the Foundation does not have any uncertain tax positions for which a reserve or an accrual for a tax liability would be necessary.The Foundation has received notification from the Internal Revenue Service and the State of California that it qualifies for tax-exempt status under Section 501(c)(3) of the Internal Revenue Code and Section 23701d of the California Revenue and Taxation Code. This exemption is subject to periodic review by the federal and state taxing authorities and management is confident that the organization continues to satisfy all federal and state statutes in order to qualify for continued tax exemption status. The Foundation may periodically receive unrelated business income requiring the organization to file separate tax returns under federal and state statutes. Under such conditions, the Foundation calculates and accrues the applicable taxes payable. true Mercy Retirement and Care 3431 Foothill Boulevard Oakland CA 94601 941156579 501c3 10000 0 HELP FOR SENIORS Family Emergency Shelter Coalition 21445 Birch Street HAYWARD CA 94541 943029991 501c3 25000 0 SERVES FAMILIES WITH KIDS Eden Community Ministries 21455 Birch Street Hayward CA 94541 501c3 172127 0 CHURCH PROJECTS Building Futures with Women 1395 Bancroft Avenue San Leandro CA 94577 943100741 501c3 10000 0 Programs for family violence Alameda County Food Bank 7900 Edgewater Drive Oakland CA 94621 942960297 501c3 10000 0 Feed the Needy Abode Services 40849 Fremont Boulevard Fremont CA 94538 943087060 501c3 10000 0 Safety net for homeless 6 0 Grantmaker's Description of How Grants are Used The Foundation requires all grant recipients to provide narrative and financial reports during the grant period. Annual grants of more than $5,000 must report every six months. Grants of $5,000 or less and multiyear grants must report annually. All grants must report at the end of the grant period.Funds will not be released for a six-month period until a complete report for the prior period has been received in the Foundation office.The Foundation will not consider a Letter of Intent from an organizationunless all required reports for any prior grants were submitted in a timely manner.A Foundation representative may make periodic site visits or request periodic meetings at the Foundations offices to monitor the grant in progress. Additional Supplemental Information Major changes in a program or funding during the grant period must bedisclosed in writing to the Board for approval. X In-kind rent and adminstrative 1 70000 FMV false false false Form 990, Part VI, Line 19 Form 990, Part VI, Line 19: Other Organization Documents Publicly Available ALL OF THE ORGANIZATION'S GOVERNING DOCUMENTS, FINANCIAL STATEMENTS AND OTHER LEGALFILINGS ARE MAINTAINED IN A SECURE ENVIRONMENT AND HELD AVAILABLE FOR INSPECTION BYTAX AUTHORITIES AND THE GENERAL PUBLIC. TAX RETURNS ARE POSTED ANNUALLY TOWWW.GUIDESTAR.ORG (WHERE IT IS AVAILABLE FOR VIEWING AS AN ELECTRONIC COPY) AND ARE ALSO AVAILABLE AT THE ORGANIZATION'S OFFICE IN HAYWARD, CALIFORNIA (FOR A PHYSICAL INSPECTION). Form 990, Part VI, Line 15b Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees the Foundation does not employ an executive or top management. Professional services for project coordination, bookkeeping, and secretarial support are seconded through an MOU with Eden United Church of Christ. Form 990, Part VI, Line 15a Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management the Foundation does not employ an executive or top management. Professional services for project coordination, bookkeeping, and secretarial support are seconded through an MOU with Eden United Church of Christ. Form 990, Part VI, Line 12c Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts Members OF THE BOARD OF DIRECTORS REVIEW ALL POTENTIAL CONFLICTS OF INTEREST ATLEAST ANNUALLY. ALL of the BOARD MEMBERS ARE REQUIRED TO DISCLOSE (IN WRITING) POTENTIAL CONFLICTS AND ANY RELATED PARTY AFFILIATIONS. LOANS BETWEEN THEORGANIZATION AND MEMBERS OF MANAGEMENT AND THE BOARD ARE STRICTLY PROHIBITED. THEORGANIZATION SEEKS FULL TRANSPARENCY ON ALL RELATIONSHIPS. ANY POTENTIAL CONFLICTS (IN FACT OR APPEARANCE) ARE DISCUSSED OPENLY AND RESOLVED IN ACCORDANCE WITH THE ORGANIZATION'S POLICIES AND PROCEDURES. Form 990, Part VI, Line 11b Form 990, Part VI, Line 11b: Form 990 Review Process FORM 990 IS PREPARED BY AN OUTSIDE TAX PROFESSIONAL. THE FORM IS THEN REVIEWED BYTHE ORGANIZATION'S MANAGEMENT, A MEMBER OF THE BOARD OF DIRECTORS, AND THE BOARD TREASURER. THIS GROUP OF INDIVIDUALS THEN DISCUSSES THE CONTENTS OF THE RETURN WITHTHE OUTSIDE TAX PROFESSIONAL. AFTER A FULL REVIEW (WITH MODIFICATIONS WHERENECESSARY), THE FINAL VERSION OF THE TAX RETURN IS PROVIDED TO ALL MEMBERS OF THE ORGANIZATION'S VOTING BODY. THE BOARD TREASURER SIGNS AND MAILS THE RETURN TO THE DEPARTMENT OF THE TREASURY. Client Note 1 - INVESTMENTS-----------Investment accounts consist of the following at June 30, 2013 and 2012: June 30, 2013 June 30, 2012 --------------------- --------------------- Cost Fair Cost Fair Basis Value Basis Value --------- --------- --------- ---------Brandes Global $ 337,117 356,089 279,739 255,954Eagle 247,866 261,815 417,226 500,741Hansberger 285,965 302,058 252,447 254,195Invesco/Accuvest 286,543 302,669 257,717 277,735Madison 673,754 711,671 557,517 566,749Parametric EAFE 297,114 313,835 285,473 269,587Parametric R3 1,761,644 1,860,785 1,336,855 1,700,448Liquid Alts 462,442 488,467 - -Pimco Bond Account 657,437 694,436 1,056,458 1,108,937 --------- --------- --------- ---------Total investment accounts $ 5,009,882 5,291,825 4,443,432 4,934,346 ========= ========= ========= =========Investment income (comprised of interest and dividends) amounted to $136,712 and $139,910 for the years ended June 30, 2013 and 2012, respectively. Management fees and investment expenses amounted to $51,304 and $51,343 for the years ended June 30, 2013 and 2012, respectively. Realized gains amounted to $234,705 and $57,401 for the years ended June 30, 2013 and 2012, respectively. Unrealized gains (losses) amounted to $281,942 and ($237,205) for the years ended June 30, 2013 and 2012, respectively.NONCASH CHARITABLE CONTRIBUTIONS--------------------------------EDEN AREA FOUNDATION RECEIVES PRO-BONO SERVICES AND FACILITIES FROM EDEN UNITED CHURCH OF CHRIST IN HAYWARD, CALIFORNIA. THIS TAX RETURN REFLECTS THE ESTIMATED VALUE OF THESE SERVICES WHICH MANAGEMENT HAS VALUED AT $70,000 PER YEAR (PRO-BONO RENT OF $60,000 PER YEAR AND PRO-BONO SERVICES OF $10,000 PER YEAR).