2011-04-05T12:25:23-05:00 2010-05-22 LINDQUIST VON HUSEN & JOYCE LLP 90 NEW MONTGOMERY STREET 11TH FLOOR SAN FRANCISCO CA 94105 990 2009-05-24 940948140 BERKELEY STUDENT COOPERATIVE (FKA UNIV STUDENTS COOPERATIVE ASSN) BERK 5105495959 2424 RIDGE ROAD BERKELEY CA 947091296 Janette E Stokley 5105495959 2011-03-28 1 Lindquist von Husen Joyce LLP 4159579999 2009 2016-02-24 21:20:13Z Janette E Stokley 2424 RIDGE ROAD BERKELEY CA 947091296 9513828 0 X HTTP://BERKELEYSTUDENTCOOPERATIVE.ORG X 1934 CA Provide a quality, low cost, cooperative housing community to university students. 29 29 73 1300 0 0 157342 190799 7883851 8678971 202482 123522 447075 432595 8690750 9425887 48468 41840 0 2317704 2287331 6297 33286 96932 5956924 6239405 8329393 8601862 361357 824025 41748067 42396313 24641114 23877554 17106953 18518759 The mission of the Berkeley Student Cooperative 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. 0 0 6709387 41840 9126563 Provide a quality, low cost, cooperative housing community to university students. 6709387 1 1 0 0 0 0 0 1 0 1 1 0 0 0 0 0 0 1 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 43 0 73 1 0 0 0 0 0 0 0 0 0 29 29 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X BERKELEY STUDENT COOPERATIVE 5105495959 2424 RIDGE ROAD BERKELEY CA 947091296 Adrian Ward Sum 09 5.00 X 0 0 0 Eyal Matalon Sum 09 5.00 X 0 0 0 Galen Hancock Sum 09 5.00 X 0 0 0 Caitlin Morgan Fall 09 5.00 X 0 0 0 Gabe Berumen Fall 09-Sp 5.00 X 0 0 0 Caroline Martinez Sum 0 5.00 X 0 0 0 Mary Prescop Sum 09 5.00 X 0 0 0 Ky Jensen-Stewart Sum 0 5.00 X 0 0 0 Kaja Kaastrup Sum 09 5.00 X 0 0 0 Megan Coontz Sum 09 5.00 X 0 0 0 Christina Oatfield Sum 5.00 X 0 0 0 Adriana Javier Sum 09 5.00 X 0 0 0 Vanesa Akbarpour Sum 09 5.00 X 0 0 0 Lena Brooks Sum 09 5.00 X 0 0 0 Itamar Haritan Sum 09 5.00 X 0 0 0 Paul Haymon Sum 09-Fall 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Plant Construction Co LP 300 Newhall St san francisco CA 94124 construction 5852677 Siegel & Strain Architects 1295 59th St Emeryville CA 94608 Architectural services 267307 Cullen Construction 150 Holmes Avenue san rafael CA 94903 construction 191105 Seisco Engineering 1187 Ocean Ave Emeryville CA 94608 construction 112805 Jason Brown 5105 Nevin Ave richmond CA 94805 construction 110135 5 15030 175769 190799 ROOM AND BOARD FEES 721310 6546415 6546415 APARTMENTS 721310 2132556 2132556 8678971 123522 123522 283922 72944 210978 210978 210978 0 15030 14997 -14997 -14997 MISCELLANEOUS 900099 135232 135232 parking and other fees 900099 101382 101382 236614 9425887 9126563 0 108525 41840 41840 122308 48924 67269 6115 1640004 630553 990167 19284 525019 186638 325725 12656 44221 44221 60000 60000 33286 33286 18975 16785 2190 143728 143728 951032 949438 1594 1505517 1455866 49651 310690 309173 1517 food 1151957 1151957 utilities 802358 800247 2111 repairs and maintenance 659509 618100 41409 miscellaneous 222003 196378 25625 supplies 189940 146493 43447 179475 13267 140617 25591 8601862 6709387 1795543 96932 1721311 3843327 272565 293056 21742 68892 63703 71172 91720 315767 53409 52631071 21068384 27615935 31562687 2614281 2710157 9051591 3773065 41748067 42396313 810310 129281 73750 58750 20000000 20000000 247772 1689374 1171055 2067680 2270696 24641114 23877554 X 16720466 18225175 386487 293584 17106953 18518759 41748067 42396313 X 0 1 1 X 0 X 127208 135833 152912 157342 190799 764094 7652525 7814529 8167999 7883851 8678971 40197875 7779733 7950362 8320911 8041193 8869770 40961969 0 0 0 40961969 248812 491195 864437 393701 123522 2121667 248812 491195 864437 393701 123522 2121667 221638 213769 213160 255857 447592 1352016 8250183 8655326 9398508 8690751 9440884 44435652 0.92180 0.91900 0.04770 0.05490 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 0 43335 33955 9380 1 1445551 1445551 48384521 19262378 29122143 2800999 1806006 994993 31562687 INVESTMENT IN SECURITY 2710157 C 2710157 construction in progress 12906 loan and leasing fees 682751 cash held for others 247772 investment in national cooperative bank 31077 bond sinking fund 648055 reserve for replacement 228973 RESTRICTED DEPOSITS 1921531 3773065 accrued expenses 203079 refundable deposits 660533 revenue received in advance 1042939 premium on bond interest 231872 accrued interest payable 132273 2270696 9425887 8601862 824025 265322 322459 587781 1411806 9779150 265322 87941 353263 9425887 0 9425887 8689803 87941 87941 8601862 0 8601862 Part IV, Line 1b: Berkeley Student Cooperative (BSC) has a sponsorship agreement with Berkeley Student Food Collective (BSFC). BSFC is a recently incorporated public benefit corporation that is in the process of applying for its exempt status. BSC has agreed to hold funds and monitor expenses of BSFC in order to ensure funds are used for intended purposes until the agreement is terminated. This agreement will continue until the earliest of the following: (1) BSFC receives its tax exempt status from the IRS; (2) BSFC opens a storefront; or (3) May 1, 2011. Part IV, Line 2b: 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. Berkeley Student Cooperative (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. There are over 20 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, internet service, etc. Part XI, Line 8 - Other Adjustments: PRIOR PERIOD ADJUSTMENT : 322459. Part XII, Line 2d - Other Adjustments: RENTAL DEPRECIATION EXP : 72944. FUNDRAISING DIRECT EXP: 14997. Part XIII, Line 2d - Other Adjustments: RENTAL DEPRECIATION EXP : 72944. FUNDRAISING DIRECT EXP: 14997. X 1 Firehorse NonProfit Development Consulting 0 0 33286 0 33286 APRIL 24TH GALA 15030 10000 5030 1841 6786 6370 15030 10000 5030 1841 6786 6370 14997 -9967 1 student grants to members of co-op 56 41840 Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: The Berkeley Student Cooperatives provides financial assistance to only qualified students. 20000000 California Municipal Finance Authority 201563466 13048TBP7 2007-10-01 20000000 Sesismic & Disabled Access Projects, Refinancing DEBT 0 0 20000000 1380475 600000 900000 17119525 2010 0 0 1 1 0 0 0 0 1 0.00000 0.00000 0.00000 1 0 0 0 0 0 0 Form 990, Part VI, Section A, line 6 Memebership 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 enjoys the same rights and privileges. Form 990, Part VI, Section A, line 7a Berkeley Student Cooperative (BSC) is comprised of over 1,250 student members living in twenty student housing properties around the UC Berkeley campus. For every 70 members (or fraction thereof) living at each student housing property, one person is elected to serve on the Board of Directors. In addition to the 27 directors elected to the Board by the members living in the 20 student housing properties, the Board of Directors includes a representative elected by the Employee Association and a representative elected by the Alumni Association. In addition, the President may invite a member of the University faculty to serve on the Board. Form 990, Part VI, Section B, line 11 The Executive Director, Accountant and Vice President of Financial Affairs/Treasurer review the Form 990. The Form 990 then goes to Finance Committee for further review then on to the Board of Directors for final approval. Form 990, Part VI, Section B, line 12c 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 Board members, executives, and senior management. The Audit Committee is charged 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, Section B, line 15 The BSC's employment lawyer, Laura Innes, participated with the President and Interim Executive Director in the salary negotiations when an offer of employment was made to the current Executive Director. Salary comparability data from a survey of Bay Area nonprofit organizations was used to establish the initial salary. This was documented in a written employment agreement. 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. The BSC's wage scale for the Executive Director position is well below that of comparable sized nonprofits in the Bay Area. However, the benefits of all employees of BSC are generally more generous than other comparable size nonprofits in the Bay Area. Form 990, Part VI, Section C, line 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL ARE AVAILABLE UPON REQUEST. MANY OF THE DOCUMENTS ARE AVAILABLE ONLINE AT HTTP:/BERKELEYSTUDENTCOOPERATIVE.ORG Form 990, Part x1, line 2c, THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.