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Nonprofiteer
← TIDES FOUNDATION

Form 990 for tax year 2023

Filed by TIDES FOUNDATION.

Totals

Total revenue
$350,128,498
Total expenses
$711,555,651
Contributions and grants received
$329,874,862
Grants paid
$690,297,181
Program service revenue
$1,862,413
Investment income
$18,391,223
Other revenue
$0
Total assets, end of year
$646,096,687
Total liabilities, end of year
$68,570,800
Net assets or fund balances, end of year
$577,525,887
Program services expenses (Part IX)
$693,092,971
Management and general expenses
$17,587,953
Fundraising expenses
$874,727
Program service expenses (Part III)
$693,092,971

Program services were 97.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $5,641,144

  • 1f · All other contributions, gifts and grants

    $324,233,718

  • 1g · Noncash contributions included above

    $74,888,774

  • 2a · Program service revenue: CONTRACT REVENUE

    total $1,202,100 · related or exempt $1,202,100

  • 2b · Program service revenue: INVOICED ADMIN FEES

    total $369,355 · related or exempt $369,355

  • 2c · Program service revenue: PROGRAM RELATED INVESTMENT

    total $191,854 · related or exempt $191,854

  • 2d · Program service revenue: CONFERENCE/EVENT REVENUE

    total $51,286 · related or exempt $51,286

  • 2f · All other program service revenue

    total $47,818 · related or exempt $47,818

  • 3 · Investment income

    total $16,901,935 · unrelated business -$49,407 · excluded $16,951,342

  • 7a · Gross sales of assets other than inventory

    securities $227,523,576

  • 7b · Less cost or other basis and sales expenses

    securities $225,909,288 · other assets $125,000

  • 7c · Gain or loss

    securities $1,614,288 · other assets -$125,000

  • 7d · Net gain or loss

    total $1,489,288 · related or exempt -$125,000 · excluded $1,614,288

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $559,453,107 · program services $559,453,107

  • 2 · Grants to domestic individuals

    total $110,000 · program services $110,000

  • 3 · Grants to foreign organizations and individuals

    total $130,734,074 · program services $130,734,074

  • 11b · Fees: legal

    total $7,009 · management and general $7,009

  • 11c · Fees: accounting

    total $10,436 · management and general $10,436

  • 11f · Fees: investment management

    total $613,597 · program services $613,597

  • 11g · Fees: other

    total $1,924,717 · program services $1,924,717

  • 12 · Advertising and promotion

    total $497 · program services $497

  • 13 · Office expenses

    total $1,731 · program services $1,731

  • 14 · Information technology

    total $1,995 · program services $1,995

  • 17 · Travel

    total $38,034 · program services $38,034

  • 23 · Insurance

    total $341,939 · management and general $341,939

  • 24a · Other expenses: UBI TAX

    total $24,767 · program services $24,767

  • 24b · Other expenses: ADMIN IT HR

    total $18,103,296 · management and general $17,228,569 · fundraising $874,727

  • 24c · Other expenses: BANKING FEES

    total $73,163 · program services $73,163

  • 24d · Other expenses: NGOSOURCE FEES

    total $25,450 · program services $25,450

  • 24e · All other expenses

    total $91,839 · program services $91,839

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $23,627,622 · end of year $41,970,078

  • 2 · Savings and temporary cash investments

    beginning of year $27,741,520 · end of year $3,480,587

  • 3 · Pledges and grants receivable

    beginning of year $200,706,060 · end of year $18,567,902

  • 4 · Accounts receivable

    beginning of year $3,285,206 · end of year $2,427,704

  • 7 · Other notes and loans receivable

    beginning of year $20,071,956 · end of year $26,817,971

  • 9 · Prepaid expenses and deferred charges

    end of year $600,000

  • 11 · Investments: publicly traded securities

    beginning of year $643,178,326 · end of year $509,129,488

  • 12 · Investments: other securities

    beginning of year $44,823,127 · end of year $25,842,302

  • 13 · Investments: program-related

    beginning of year $15,113,724 · end of year $17,260,655

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,698,449 · end of year $1,669,271

  • 18 · Grants payable

    beginning of year $77,586,668 · end of year $62,350,294

  • 19 · Deferred revenue

    beginning of year $167,841 · end of year $1,501,524

  • 25 · Other liabilities

    beginning of year $4,884,520 · end of year $3,049,711

  • 27 · Net assets without donor restrictions

    beginning of year $791,655,023 · end of year $577,525,887

  • 28 · Net assets with donor restrictions

    beginning of year $102,555,040 · end of year $0

Mission and programs · 2023

Mission

TIDES FOUNDATION FOCUSES ON MAKING GRANTS WITH CONTRIBUTIONS RECEIVED FROM INDIVIDUALS, FAMILIES, FOUNDATIONS, AND CORPORATIONS TO COMMUNITY-LED ORGANIZATIONS ADVANCING SOCIAL JUSTICE.

Activities or mission (Part I)

GRANTMAKING THROUGH FUNDS TO ACCELERATE THE PACE OF SOCIAL CHANGE.

  • TIDES FOUNDATION MAKES GRANTS AND OPERATES COLLECTIVE ACTION, DONOR- ADVISED AND OTHER GRANT MAKING FUNDS FOR CHARITABLE AND EDUCATIONAL PURPOSES THAT SUPPORT THE FOUNDATION'S MISSION. GRANTS ARE MADE TO ELIGIBLE DOMESTIC AND QUALIFIED FOREIGN CHARITABLE ORGANIZATIONS FOR THESE PHILANTHROPIC PURPOSES. TIDES FOUNDATION ALSO PROVIDES PHILANTHROPIC SUPPORT AND CREATES OPPORTUNITIES FOR LEARNING, INCREASES CAPACITY FOR MISSION-ALIGNED ACTIVITIES, AND BUILDS COMMUNITY AMONG DONORS AND GRANTEES.

    Expenses $693,087,260 · Grants $690,297,181 · Revenue $1,737,413

  • TIDES FOUNDATION ALSO PROVIDES ADMINISTRATIVE AND SUPPORT SERVICES TO OTHER NONPROFIT ORGANIZATIONS. TIDES FOUNDATION WORKS WITH THESE ORGANIZATIONS TO INCREASE THEIR ABILITY TO PROVIDE FINANCIAL AND PROGRAMMATIC SUPPORT IN AREAS CONSISTENT WITH TIDES FOUNDATION'S MISSION.

    Expenses $5,711

As filed on the 2023 return.

Listed in Part VII

  • Roslyn Dawson Thompson

    DIRECTOR, CHAIR (FROM 11/2023)

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Sid Espinosa

    DIRECTOR, CHAIR (THRU 11/2023)

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Angela Chadwick

    DIRECTOR (FROM 11/2023)

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Brickson Diamond

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Elizer Darris

    DIRECTOR (FROM 11/2023)

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Jacob Weldon

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Jessica Carvalho Morris

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • John Oxtoby

    DIRECTOR (THRU 11/2023)

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Linda Verhulp

    DIRECTOR (THRU 11/2023)

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Lori Chatman

    DIRECTOR (FROM 11/2023)

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Michael Roberts

    DIRECTOR (FROM 11/2023)

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Sulma Arias

    DIRECTOR (FROM 11/2023)

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Trista Harris

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Janiece Evans-Page

    CEO

    Total calculated
    $795,961
    From this org
    $0
    From related orgs
    $767,769
    Other
    $28,192
    Hours/week
    36 + 19 related

    Schedule J breakdown matched by us

    Base
    $0 + $578,566 related
    Bonus
    $0 + $187,140 related
    Other
    $0 + $2,063 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $28,192 related
    Filer's total
    $0 + $795,961 related

  • Suneela Jain

    SEC./CHIEF LEGAL & COMPL. OFFICER

    Total calculated
    $412,139
    From this org
    $0
    From related orgs
    $364,674
    Other
    $47,465
    Hours/week
    4 + 51 related

    Schedule J breakdown matched by us

    Base
    $0 + $315,101 related
    Bonus
    $0 + $49,260 related
    Other
    $0 + $313 related
    Deferred
    $0 + $15,279 related
    Nontaxable benefits
    $0 + $32,186 related
    Filer's total
    $0 + $412,139 related

  • James Lum

    TREASURER, CFO (FROM 5/2023)

    Total calculated
    $361,316
    From this org
    $0
    From related orgs
    $322,612
    Other
    $38,704
    Hours/week
    15 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $295,969 related
    Bonus
    $0 + $25,675 related
    Other
    $0 + $968 related
    Deferred
    $0 + $13,667 related
    Nontaxable benefits
    $0 + $25,037 related
    Filer's total
    $0 + $361,316 related

  • Holden Lee

    TREASURER/CFO (THRU 5/2023)

    Total calculated
    $293,035
    From this org
    $0
    From related orgs
    $269,147
    Other
    $23,888
    Hours/week
    15 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $180,120 related
    Bonus
    $0 + $43,015 related
    Other
    $0 + $46,012 related
    Deferred
    $0 + $11,485 related
    Nontaxable benefits
    $0 + $12,403 related
    Filer's total
    $0 + $293,035 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3:
THE ORGANIZATION'S CEO IS COMPENSATED BY TIDES NETWORK, A RELATED ORGANIZATION AND THE CEO'S LEGAL EMPLOYER. THROUGH A COST SHARING ARRANGEMENT, TIDES FOUNDATION 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.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • TIDES INC

    501(C)(3) · DEVELOP/OPERATE FACILITIES MGMT AND MULTI-TENANT NONPROFIT CENTERS · CA · controlled entity

    Directly controlled by TIDES NETWORK

  • TIDES TWO RIVERS FUND

    501(C)(3) · DEVELOP/OPERATE FACILITIES MGMT AND MULTI-TENANT NONPROFIT CENTERS · CA · controlled entity

    Directly controlled by TIDES NETWORK

  • HARDING ROCK FUND

    501(C)(3) · HOLD AND MANAGE INVESTMENT ON BEHALF OF TIDES FOUNDATION · CA · controlled entity

    Directly controlled by TIDES FOUNDATION

  • TIDES NETWORK

    501(C)(3) · CHARITABLE GOVERNANCE AND OPERATIONS · CA

  • BEAUCHAMP CHARITIES

    501(C)(3) · GRANTMAKING AND SUPPORT OF TIDES FOUNDATION · CA · controlled entity

    Directly controlled by TIDES FOUNDATION

  • TIDES CENTER

    501(C)(3) · PROJECT DEVELOPMENT & MANAGEMENT · CA · controlled entity

    Directly controlled by TIDES NETWORK

  • ROUHANA FAMILY FOUNDATION

    501(C)(3) · SUPPORT OF TIDES FOUNDATION · NY

  • UNDERDOG FOUNDATION

    501(C)(3) · GRANTMAKING AND SUPPORT OF TIDES FOUNDATION · VT

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • EBDE LLC

    OTHER INVESTING ACTIVITIES · DE · income $0 · assets $16,681,332

    Directly controlled by TIDES FOUNDATION

  • TIDES REAL ESTATE HOLDINGS LLC

    REAL ESTATE HOLDING COMPANY · DE · income $0 · assets $85,966

    Directly controlled by TIDES FOUNDATION

Provenance

Return type
form_990
Tax year
2023
Filed
26 September 2024
IRS schema version
2023v5.1
Source object
202412739349300401

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