2011-10-17T17:45:28-05:00 2011-05-21 LINDQUIST VON HUSEN & JOYCE LLP 90 NEW MONTGOMERY STREET 11TH FLOOR SAN FRANCISCO CA 94105 990 2010-05-23 940948140 BERKELEY STUDENT COOPERATIVE (FKA UNIV STUDENTS COOPERATIVE ASSN) BERK 5105495959 2424 RIDGE ROAD BERKELEY CA 947091296 JANETTE E STOKLEY 5105495959 2011-10-17 1 ALEXIS H WONG 4159579999 2010 2016-03-07 17:11:31Z JANETTE E STOKLEY 2424 RIDGE ROAD BERKELEY CA 947091296 11110591 0 X HTTP://BERKELEYSTUDENTCOOPERATIVE.ORG X 1934 CA PROVIDE A QUALITY, LOW COST, COOPERATIVE HOUSING COMMUNITY TO UNIVERSITY STUDENTS. 29 28 73 0 0 0 190799 175365 8678971 9316348 123522 116803 432595 214421 9425887 9822937 41840 43790 0 0 2287331 2218547 33286 0 84181 6239405 6324136 8601862 8586473 824025 1236464 42396313 43430140 23877554 23656299 18518759 19773841 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 6880215 43790 9530769 PROVIDE A QUALITY, LOW COST, COOPERATIVE HOUSING COMMUNITY TO UNIVERSITY STUDENTS. 6880215 1 1 0 0 0 0 0 1 1 1 0 0 1 1 0 1 0 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 0 0 0 0 0 0 0 1 43 0 73 1 0 0 0 0 0 0 0 0 0 0 X 29 28 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 JANETTE STOKLEY 40.00 X X 110303 0 21633 PALMER BUCHHOLZ SUM 10 20.00 X X 3024 0 0 DANIEL KRONOVET SUM 10 14.00 X X 2117 0 0 DANIEL KRONOVET FALL 10 20.00 X X 3330 0 0 ANGEL RYONO FALL 10 15.00 X X 1580 0 0 BEN PEREZ FALL 10 15.00 X X 915 0 0 JOSH WEIL FALL 10 15.00 X X 2495 0 0 IRAIS LOPEZ FALL 10 15.00 X X 2495 0 0 HAVA EDELSTEIN FALL 10 15.00 X X 2495 0 0 ARASH TAHERI-LOFTI FALL 10 15.00 X X 2495 0 0 DANIEL KRONOVET SPRING 11 20.00 X X 3330 0 0 BEN PEREZ SPRING 11 15.00 X X 734 0 0 LAUREN BEAL SPRING 11 15.00 X X 1761 0 0 JOSH WEIL SPRING 11 15.00 X X 2495 0 0 IRAIS LOPEZ SPRING 11 15.00 X X 1996 0 0 HAVA EDELSTEIN SPRING 11 15.00 X X 2348 0 0 ARASH TAHERI-LOFI 15.00 X X 2495 0 0 BRIAN WILES 5.00 X 0 0 0 ALEX GHENIS 5.00 X 0 0 0 MAX BAROI 5.00 X 0 0 0 KUROSH HASHEMI 5.00 X 0 0 0 DANIEL STANDISH 5.00 X 0 0 0 CHRIS DIAMOND 5.00 X 0 0 0 ERIN CONDIT-BERGREN 5.00 X 0 0 0 JULIE RAY 5.00 X 0 0 0 EMORY TAYLOR 5.00 X 0 0 0 ELLIOTT GOLDSTEIN 5.00 X 0 0 0 NICOLE POOLE 5.00 X 0 0 0 JESSICA GROSS 5.00 X 0 0 0 JACOB SNIFF 5.00 X 0 0 0 NICOLE 5.00 X 0 0 0 LIZ MAK 5.00 X 0 0 0 BO HU 5.00 X 0 0 0 SKYLAR RUBISON 5.00 X 0 0 0 HELEN LOPEZ 5.00 X 0 0 0 TOM SUTAK 5.00 X 0 0 0 THOMAS HOPKINS 5.00 X 0 0 0 ALESSANDRO DI LEO 5.00 X 0 0 0 CHRIS BROOKS 5.00 X 0 0 0 TC RICKS 5.00 X 0 0 0 CAROLINE PEAKE 5.00 X 0 0 0 MAX KLEIN 5.00 X 0 0 0 JULIA PROPP 5.00 X 0 0 0 EMMA TOME 5.00 X 0 0 0 CHRISLY PARRA 5.00 X 0 0 0 ERIN HARTMAN 5.00 X 0 0 0 WILL KRANTZ 5.00 X 0 0 0 ELAINA MARSHALEK 5.00 X 0 0 0 DUNCAN NEFCY 5.00 X 0 0 0 ASHLEY REKEM 5.00 X 0 0 0 SYLVAN ALVERALO 5.00 X 0 0 0 OSCAR VARELA 5.00 X 0 0 0 GABRIELEA MONICO 5.00 X 0 0 0 STEPHAIE ALTAMIRANO 5.00 X 0 0 0 IVAN LOPEZ 5.00 X 0 0 0 KRISTEN LAVELLE 5.00 X 0 0 0 KIM CHANG 5.00 X 0 0 0 MILES OLSON 5.00 X 0 0 0 TED KIM 5.00 X 0 0 0 JOE FERRARA 5.00 X 0 0 0 SHANE MASON 5.00 X 0 0 0 SOFIA NOORI 5.00 X 0 0 0 HOLLY BARTOW 5.00 X 0 0 0 ADRIAN WARD 5.00 X 0 0 0 JABARI BROWN 5.00 X 0 0 0 RICARDO ORELLANA 5.00 X 0 0 0 146408 0 21633 1 0 0 0 WYOCAL CONSTRUCTION PO BOX 389 MILBRAE CA 94030 CONSTRUCTION 728387 KAUFMAN CONSTRUCTION 2326 CORONA CT BERKELEY CA 94708 CONSTRUCTION 259969 CULLEN CONSTRUCITON 150 HOLMES AVENUE SAN RAFAEL CA 94903 CONSTRUCTION 230090 SUN LIGHT & POWER 702 F HARRISON ST BERKELEY CA 94710 CONSTRUCTION 105000 4 175365 175365 ROOM AND BOARD FEES 721310 6845606 6845606 APARTMENTS 721310 2211894 2211894 OTHER FEES 721310 147406 147406 PARKING 721310 111442 111442 9316348 132642 132642 287220 72799 214421 214421 214421 1199016 1214855 -15839 -15839 -15839 9822937 9530769 0 116803 43790 43790 135612 128832 6780 1593866 724717 835756 33393 489069 158291 324361 6417 50824 20906 29918 60975 25082 35893 147348 147348 949271 949271 1513215 1470257 42958 FOOD 1153883 1153883 REPAIRS AND MAINTENANCE 769876 697606 72270 UTILITIES 684497 680725 3772 INSURANCE, TAXES & LICE 307088 300783 6305 SUPPLIES 184213 130562 53651 502946 376994 88361 37591 8586473 6880215 1622077 84181 3843327 2356339 293056 1129696 68892 83652 91720 71738 53409 96109 55690437 23514997 31562687 32175440 2710157 4589935 3773065 2927231 42396313 43430140 129281 204663 58750 43750 20000000 20000000 247772 246792 1171055 765552 2270696 2395542 23877554 23656299 X 17746672 18962575 246596 276461 525491 534805 18518759 19773841 42396313 43430140 X 1236464 18618 X X 0 1 1 X 0 X 135833 152912 157342 190799 175365 812251 7814529 8167999 7883851 8678971 9316348 41861698 7950362 8320911 8041193 8869770 9491713 42673949 0 0 0 42673949 491195 864437 393701 123522 132642 2005497 491195 864437 393701 123522 132642 2005497 213769 213160 255857 447592 482336 1612714 8655326 9398508 8690751 9440884 10106691 46292160 0.92180 0.92180 0.04330 0.04770 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 9380 118123 127503 1 686453 22204 27520 -22828 713349 617444 19587 78140 -28988 686453 561855 14202 -27592 548465 0.21350 0.74980 0.03670 0 0 1445551 1445551 51488971 21092417 30396554 2755915 2422580 333335 32175440 CONSTRUCTION IN PROGRESS 13277 LOAN AND LEASING FEES 657464 CASH HELD FOR OTHERS 246792 INVESTMENT IN NATIONAL COOPERATIVE BANK 31077 BOND SINKING FUND 1728860 RESERVE FOR REPLACEMENT 228973 RESTRICTED DEPOSITS 20788 2927231 ACCRUED EXPENSES 153937 REFUNDABLE DEPOSITS 698827 REVENUE RECEIVED IN ADVANCE 1181956 PREMIUM ON BOND INTEREST 223284 ACCRUED INTEREST PAYABLE 137538 2395542 9822937 8586473 1236464 2779 15839 18618 1255082 9914354 18618 72799 91417 9822937 0 9822937 8659272 72799 72799 8586473 0 8586473 PART IV, LINE 1B: BERKELEY STUDENT COOPERTATIVE (BSC) HAD A SPONSORSHIP AGREEMENT WITH BERKELEY STUDENT FOOD COLLECTIVE (BSFC). BSFC IS A RECENTLY INCORPORATED PUBLIC BENEFIT CORPORATION. THE AGREEMENT PROVIDED THAT BSC HELD FUNDS AND MONITORED EXPENSES OF BSFC IN ORDER TO ENSURE FUNDS ARE USED FOR INTENDED PURPOSES. BSFC HAS OBTAINED TAX EXEMPT STATUS AND THE AGREEMENT WAS TERMINATED. 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: REALIZED LOSSES 15,839. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL DEPRECIATION EXP 72,799. PART XIII, LINE 2D - OTHER ADJUSTMENTS: RENTAL DEPRECIATION EXP 72,799. 1 STUDENT GRANTS TO MEMBERS OF CO-OP 45 43790 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 0 20000000 1380509 600000 900000 17119525 2010 0 0 1 1 0 0 0 0 1 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 CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 2,779. REALIZED LOSSES 15,839. TOTAL TO FORM 990, PART XI, LINE 5: 18,618. FORM 990, PART X1, LINE 2C, THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.