2024-09-29T09:17:56-05:00 2023-12-31 861065772 DELOITTE TAX LLP 12830 EL CAMINO REAL SUITE 600 SAN DIEGO CA 92130 990 2023-01-01 571138099 TIDES INC TIDE 4155616400 1012 TORNEY AVENUE SAN FRANCISCO CA 94129 JAMES LUM TREASURER/CFO 4155616400 2024-09-26 1 1 JOCELYNE MILLER P00634378 6192326500 2023 2024-10-15 13:58:12Z JANIECE EVANS-PAGE 1012 TORNEY AVENUE SAN FRANCISCO CA 94129 4272325 0 X WWW.TIDES.ORG X 2002 CA TO PROVIDE ECONOMICAL AND SUSTAINABLE WORKPLACE FACILITIES AND RELATED COMMUNITY-BASED SERVICES TO TIDES FOUNDATION, TIDES CENTER, AND NONPROFIT ORGANIZATIONS THAT FURTHER TIDES' CHARITABLE MISSION. 3 0 0 0 0 0 5 70015 4137175 4120867 0 0 164355 81443 4301535 4272325 8500 8500 0 0 0 0 0 0 0 4742958 4096447 4751458 4104947 -449923 167378 13139466 11519008 10250964 8533060 2888502 2985948 MANAGE COLLABORATIVE WORK AND EVENT SPACES THAT BRING TOGETHER A DIVERSE COMMMUNITY OF LEADERS AND ORGANIZATIONS IN PURSUIT OF ADVANCING SOCIAL JUSTICE. 0 0 2478092 8500 4202310 TIDES, INC. OPERATES TIDES CONVERGE IN SAN FRANCISCO, WHICH PROVIDES OFFICE SPACE FOR THE INTERNAL OPERATIONS OF TIDES FOUNDATION, TIDES CENTER, AND MANY OTHER CHARITABLE AND/OR MISSION-ALIGNED ORGANIZATIONS, WHILE FOSTERING OPPORTUNITIES FOR COMMUNITY BUILDING AND CONNECTIONS. 2478092 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 2 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 3 0 1 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 CA X X JAMES LUM 4155616400 1012 TORNEY AVENUE SAN FRANCISCO CA 94129 JANIECE EVANS-PAGE DIRECTOR, CHAIR 2.00 53.00 X X 0 767769 28192 SUNEELA JAIN DIRECTOR, SECRETARY 3.00 52.00 X X 0 364674 47465 JAMES LUM DIRECTOR, TREASURER (FROM 5/2023) 4.00 51.00 X X 0 322612 38704 HOLDEN LEE DIRECTOR, TREASURER (THRU 5/2023) 4.00 51.00 X X 0 269147 23888 DAVID SCHRAYER DIRECTOR (THRU 11/2023) 2.00 42.00 X 0 165231 29332 0 1889433 167581 0 0 1 0 0 70000 15 70015 RENTAL REV- NON-PROFIT 532000 4112052 4112052 STORAGE FEES 532000 5482 5482 TENANT REIMBURSEMENTS 532000 3333 3333 4120867 UBI TAX REFUNDS 900099 20137 20137 61306 61306 81443 4272325 4202310 0 0 8500 8500 27237 27237 19279 19279 106250 106250 7468 7468 2660572 1802092 858480 3850 3850 176756 176756 285816 285816 65155 65155 ADMIN IT HR 717509 717509 LEASING COMMISSIONS 12409 12409 LICENSES 4914 4914 BANKING FEES 4882 4882 4350 4350 4104947 2478092 1626855 0 1092118 981682 57200 198871 29244 14530 12473261 6071285 6610025 6401976 65782 59755 5285097 3862194 13139466 11519008 161446 197748 71944 80242 5655111 4832439 4362463 3422631 10250964 8533060 X 2888502 2985948 2888502 2985948 13139466 11519008 167378 -69932 0 X 0 1 X 1 0 X 134 505 5 5 70015 70664 3485474 3741036 3537380 4137175 4120867 19021932 3485608 3741541 3537385 4137180 4190882 19092596 0 2193190 2392336 2412678 2641607 2693927 12333738 2193190 2392336 2412678 2641607 2693927 12333738 6758858 99484 56605 156089 99484 56605 156089 56389 79946 61427 164355 81443 443560 3641481 3878092 3598812 4301535 4272325 19692245 0.34320 0.35230 0.00790 0.01500 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 10346601 4502875 5843726 2117773 1559523 558250 8887 8887 0 6401976 NOTES RECEIVABLE - RELATED ORGANIZATION 2078070 DEPOSITS 1000 RIGHT OF USE LEASE ASSETS 1783124 3862194 SECURITY DEPOSITS 310275 INTEREST RATE SWAP LIAB- TAX-EXEMPT BONDS -200203 PAYABLE - RELATED PARTY 999232 LEASE LIABILITY - CURRENT 1262781 LEASE LIABILITY - LONG TERM 850343 SWAP LIABILITY 200203 3422631 X PART X, LINE 2: MANAGEMENT EVALUATED TIDES ORGANIZATIONS' TAX POSITIONS AND CONCLUDED THAT THEY HAD MAINTAINED THEIR TAX EXEMPT STATUS AND HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE CONSOLIDATED FINANCIAL STATEMENTS. THEREFORE, NO PROVISION OR LIABILITY FOR INCOME TAXES HAS BEEN INCLUDED IN THE CONSOLIDATED FINANCIAL STATEMENTS. 1 THE PRESIDIO TRUST 103 MONTGOMERY STREET SAN FRANCISCO CA 94129 943306440 501(C)(3) 8500 0 TO SUPPORT SHUTTLE OPERATIONS 1 0 PART I, LINE 2: TIDES, INC. MAKES A LIMITED NUMBER OF GRANTS; ITS PRIMARY ACTIVITY IS PROVIDING WORKSPACE TO OTHER NONPROFIT ORGANIZATIONS. OCCASIONALLY, TIDES, INC. MAKES GRANTS TO PRE-SELECTED CHARITABLE ORGANIZATIONS. IN 2023, TIDES, INC. MADE A GRANT TO THE PRESIDIO TRUST TO SUPPORT ITS PROVISION OF PUBLIC TRANSPORTATION, WHICH WAS MONITORED VIA FIRST HAND OBSERVATION. 0 0 0 0 0 0 0 0 0 JANIECE EVANS-PAGE DIRECTOR, CHAIR 0 578566 0 187140 0 2063 0 0 0 28192 0 795961 0 0 SUNEELA JAIN DIRECTOR, SECRETARY 0 315101 0 49260 0 313 0 15279 0 32186 0 412139 0 0 JAMES LUM DIRECTOR, TREASURER (FROM 5/2023) 0 295969 0 25675 0 968 0 13667 0 25037 0 361316 0 0 HOLDEN LEE DIRECTOR, TREASURER (THRU 5/2023) 0 180120 0 43015 0 46012 0 11485 0 12403 0 293035 0 0 DAVID SCHRAYER DIRECTOR (THRU 11/2023) 0 146073 0 713 0 18445 0 8374 0 20958 0 194563 0 0 PART I, LINE 4 THE ORGANIZATION'S CEO IS COMPENSATED BY TIDES NETWORK, A RELATED ORGANIZATION AND THE CEO'S LEGAL EMPLOYER. THROUGH A COST SHARING ARRANGEMENT, TIDES INC. PAYS TIDES NETWORK AN ALLOCATED PORTION OF THE CEO'S TOTAL COMPENSATION. TIDES NETWORK UTILIZES THE FOLLOWING METHODS TO ESTABLISH COMPENSATION FOR THE CEO: INDEPENDENT COMPENSATION CONSULTANT, COMPENSATION SURVEY OR STUDY, AND REVIEW AND APPROVAL BY THE EXECUTIVE COMPENSATION SUBCOMMITTEE AND THE BOARD OF DIRECTORS. A PUBLIC FINANCE AUTHORITY 273866124 000000000 2018-09-20 7935000 REFUND BOND DATED 12/24/2013 0 0 0 A 2902358 7935000 7935000 2003 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 1 0 1 0 0 0 1 A 1 SCHEDULE K, PART II, LINE 13, COLUMN (A): THE TAX-EXEMPT BONDS WERE INITIALLY ISSUED IN 2003 AND REISSUED IN 2013, THEN AGAIN IN 2018, WITH THE UNDERLYING ASSETS BEING SUBSTANTIALLY COMPLETED ON OR ABOUT 2003. SCHEDULE K, PART I, COLUMN (E): THE DIFFERENCE BETWEEN THE ISSUE PRICE REPORTED ON SCHEDULE K, PART I, COLUMN (E) AND THE AMOUNT REPORTED ON THE FORM 8038 FILED WITH THE INTERNAL REVENUE SERVICE PERTAINS TO PROCEEDS OF THE TAX-EXEMPT BOND WHICH BENEFITED TIDES TWO RIVERS FUND, A RELATED TAX-EXEMPT ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 2 JANIECE EVANS-PAGE, SUNEELA JAIN, HOLDEN LEE AND JAMES LUM WERE EMPLOYEES AND OFFICERS OF TIDES NETWORK, A RELATED ORGANIZATION TO TIDES INC. IN ADDITION, DAVID SCHRAYER WAS AN EMPLOYEE OF TIDES NETWORK. FORM 990, PART VI, SECTION A, LINE 6 TIDES, INC.'S SOLE MEMBER IS TIDES NETWORK, A SECTION 501(C)(3) ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7A EACH OF THE DIRECTORS OF THE TIDES, INC. IS APPOINTED BY THE ORGANIZATION'S SOLE MEMBER, TIDES NETWORK. FORM 990, PART VI, SECTION A, LINE 7B ACTION BY THE BOARD OF DIRECTORS OF TIDES, INC. ON THE FOLLOWING MATTERS IS EFFECTIVE ONLY WITH THE CONSENT OF THE BOARD OF DIRECTORS OF TIDES NETWORK: (I) ANY CHANGE IN THE FUNDAMENTAL NATURE OR STATED PURPOSES FOR WHICH TIDES, INC. IS ORGANIZED, (II) THE ADOPTION OF THE STRATEGIC PLANS FOR TIDES, INC., (III) THE ADOPTION OF THE ANNUAL CAPITAL AND OPERATING BUDGETS FOR TIDES, INC., (IV) BORROWING MONEY FOR CAPITAL OR OPERATING NEEDS OF TIDES, INC. OR CUMULATIVE BORROWING IN EXCESS OF $100,000 FOR ANY PURPOSE, (V) ENTERING INTO ANY TRANSACTION IN ANY TRANSACTION INVOLVING AGGREGATE CONSIDERATION OF $1,000,000 OR MORE, (VI) PURCHASE, SALE, LEASE, MORTGAGE, DISPOSITION, OR HYPOTHECATION OF REAL PROPERTY OF TIDES, INC. IN ANY TRANSACTION INVOLVING AGGREGATE CONSIDERATION OF $1,000,000 OR MORE, (VII) MERGER, CONSOLIDATION, OR SIMILAR REORGANIZATION OF THE CORPORATE STRUCTURE, OR DISSOLUTION, OF TIDES, INC., (VIII) SELECTION OF THE CHIEF EXECUTIVE OFFICER AND THE AUDITORS OF THE TIDES, INC., (IX) AMENDMENT, REPEAL, OR ADOPTION OF THE ARTICLES OF INCORPORATION OR BYLAWS. TIDES NETWORK, AS THE SOLE MEMBER OF TIDES, INC., HAS THE SOLE POWER TO: (I) VOTE ON ANY AMENDMENT TO ARTICLE 4 (SOLE MEMBER) OF THESE BYLAWS, (II) THE DISSOLUTION OF TIDES, INC. PROVIDED TIDES NETWORK SHALL FIRST SOLICIT THE OPINION OF THE BOARD OF DIRECTORS OF TIDES, INC., AND (III) THE APPOINTMENT OF TIDES, INC. DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT TAX ACCOUNTANT IN CONJUNCTION WITH THE ORGANIZATION'S FINANCE AND ACCOUNTING DEPARTMENT. THE TREASURER/CFO AND LEGAL COUNSEL, AND COMPLIANCE REVIEW A DRAFT OF THE FORM 990; ADJUSTMENTS ARE MADE AS NECESSARY. THE FORM 990 IS THEN SENT TO THE AUDIT RISK COMMITTEE FOR REVIEW PRIOR TO FILING. A COMPLETE COPY OF THE FORM 990 IS THEN PROVIDED TO THE MEMBERS OF THE BOARD OF DIRECTORS PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C UNDER THE TERMS OF THE CONFLICT OF INTEREST POLICY, COVERED INDIVIDUALS, INCLUDING OFFICERS AND MEMBERS OF THE BOARD OF DIRECTORS, CENTER ADVISORY BOARDS, AND DESIGNATED STAFF ARE REQUIRED TO SUBMIT CONFLICT OF INTEREST DISCLOSURE STATEMENTS AT THE TIME A PERSON BECOMES A COVERED INDIVIDUAL AND ANNUALLY THEREAFTER. THE POLICY REQUIRES COVERED INDIVIDUALS TO PERIODICALLY UPDATE THE CONFLICT OF INTEREST STATEMENT AS MATERIAL FACTS CHANGE, AS WELL AS MAKE VERBAL AND/OR WRITTEN DISCLOSURES OF POTENTIAL CONFLICTS OF INTEREST AS THEY ARISE. AT ANY TIME THAT A POTENTIAL OR ACTUAL CONFLICT OF INTEREST IS IDENTIFIED, DISCLOSURE MUST BE MADE TO THE BOARD OF DIRECTORS, THE APPROPRIATE COMMITTEE, OR STAFF (DEPENDING ON THE NATURE OF THE POTENTIAL OR ACTUAL CONFLICT). PRIOR TO ACTING ON ANY MATTER WHERE A POTENTIAL OR ACTUAL CONFLICT IS IDENTIFIED WITH RESPECT TO AN OFFICER OR MEMBER OF THE BOARD, THE CONFLICT AND ALL MATERIAL FACTS RELATED TO IT MUST BE FULLY DISCLOSED BY THE COVERED INDIVIDUAL TO THE BOARD PRIOR TO CONSIDERATION OF THE PROPOSED MATTER. IF THE BOARD DETERMINES A CONFLICT OF INTERESTS EXISTS, THE COVERED INDIVIDUAL, IF REQUESTED TO DO SO BY THE CHAIR OF THE BOARD, MAY PROVIDE ADDITIONAL FACTUAL INFORMATION REGARDING THE AFFECTED TRANSACTION, BUT MAY NOT PARTICIPATE IN OR ATTEMPT TO INFLUENCE DELIBERATION AND VOTING. THE COVERED INDIVIDUAL MUST BE EXCUSED FROM THE MEETING PRIOR TO DELIBERATION, AND MAY NOT RETURN UNTIL DELIBERATION AND VOTING ON THE MATTER HAVE BEEN CONCLUDED. THE POLICY PROVIDES FOR SIMILAR PROCEDURES FOR ADVISORY COMMITTEES TO ADDRESS MATTERS THAT ARE DECIDED AT THE ADVISORY COMMITTEE LEVEL. IF QUESTIONS ARISE WITH RESPECT TO THE POLICY OR PROCEDURES FOR DISCLOSING A POTENTIAL OR ACTUAL CONFLICT, THE MATTER MAY BE REFERRED TO HUMAN RESOURCES OR THE LEGAL, COMPLIANCE AND RISK DEPARTMENT FOR REVIEW AND RESOLUTION CONSISTENT WITH THE POLICY. IN THE EVENT OF A DELAY IN COLLECTION OF DISCLOSURE STATEMENTS, THE ORGANIZATION TAKES STEPS TO ADDRESS SO THAT THE FORMS ARE BROUGHT UP TO DATE. FORM 990, PART VI, SECTION B, LINE 15 THE CEO, OFFICERS, AND KEY EMPLOYEES OF THE ORGANIZATION ARE ALL COMPENSATED BY TIDES NETWORK, A RELATED ORGANIZATION AND SUCH PERSONS' LEGAL EMPLOYER. THROUGH A COST SHARING ARRANGEMENT, TIDES, INC. PAYS TIDES NETWORK AN ALLOCATED PORTION OF SUCH PERSONS' TOTAL COMPENSATION. AS SUCH, FORM 990, PART VI, SECTION B, LINES 15A AND 15B HAVE BEEN MARKED "NO", AS PROVIDED BY THE FORM 990 INSTRUCTIONS. PLEASE REFERENCE THE DISCLOSURE IN SCHEDULE O OF THE TIDES NETWORK FORM 990 FOR A DISCUSSION REGARDING HOW COMPENSATION IS DETERMINED FOR THESE INDIVIDUALS. FORM 990, PART VI, SECTION C, LINE 19 THE FINANCIAL STATEMENTS ARE PROVIDED ON THE ORGANIZATION'S WEBSITE. THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE NOT GENERALLY PROVIDED. TIDES TWO RIVERS FUND 1012 TORNEY AVENUE SAN FRANCISCO CA 94129 201588459 DEVELOP/OPERATE FACILITIES MGMT AND MULTI-TENANT NONPROFIT CENTERS CA 501(C)(3) 12A, I TIDES NETWORK 1 HARDING ROCK FUND 1012 TORNEY AVENUE SAN FRANCISCO CA 94129 201430532 HOLD AND MANAGE INVESTMENT ON BEHALF OF TIDES FOUNDATION CA 501(C)(3) 12A, I TIDES FOUNDATION 1 TIDES FOUNDATION 1012 TORNEY AVENUE SAN FRANCISCO CA 94129 510198509 GRANTMAKING CA 501(C)(3) 7 TIDES NETWORK 1 TIDES NETWORK 1012 TORNEY AVENUE SAN FRANCISCO CA 94129 203395198 CHARITABLE GOVERNANCE AND OPERATIONS CA 501(C)(3) 12B, II N/A 0 BEAUCHAMP CHARITIES 2454 ALTON PARKWAY IRVINE CA 92606 330956671 GRANTMAKING AND SUPPORT OF TIDES FOUNDATION CA 501(C)(3) 12A, I TIDES FOUNDATION 1 TIDES CENTER 1012 TORNEY AVENUE SAN FRANCISCO CA 94129 943213100 PROJECT DEVELOPMENT & MANAGEMENT CA 501(C)(3) 7 TIDES NETWORK 1 0 0 1 1 1 0 0 0 0 1 0 0 1 1 1 1 0 0 0 TIDES TWO RIVERS FUND D 2078070 BOOK VALUE TIDES FOUNDATION C 70000 BOOK VALUE