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Nonprofiteer
← TIDES TWO RIVERS FUND

Form 990 for tax year 2023

Filed by TIDES TWO RIVERS FUND.

Totals

Total revenue
$1,130,202
Total expenses
$1,200,682
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$1,130,050
Investment income
$0
Other revenue
$152
Total assets, end of year
$9,095,062
Total liabilities, end of year
$12,067,628
Net assets or fund balances, end of year
-$2,972,566
Program services expenses (Part IX)
$1,050,052
Management and general expenses
$150,630
Fundraising expenses
$0
Program service expenses (Part III)
$1,050,052

Program services were 87.5% 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.

  • 2a · Program service revenue: RENTAL INCOME

    total $1,090,220 · related or exempt $1,090,220

  • 2b · Program service revenue: TENANT SERVICES

    total $39,830 · related or exempt $39,830

  • 11d · All other revenue

    total $152 · related or exempt $152

  • 11e · Other revenue, total

    $152

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $109,022 · management and general $109,022

  • 11b · Fees: legal

    total $25,330 · management and general $25,330

  • 11c · Fees: accounting

    total $16,278 · management and general $16,278

  • 11g · Fees: other

    total $56,675 · program services $56,675

  • 13 · Office expenses

    total $40,312 · program services $40,312

  • 16 · Occupancy

    total $334,357 · program services $334,357

  • 17 · Travel

    total $1,925 · program services $1,925

  • 20 · Interest

    total $146,554 · program services $146,554

  • 22 · Depreciation, depletion and amortization

    total $357,627 · program services $357,627

  • 23 · Insurance

    total $45,851 · program services $45,851

  • 24a · Other expenses: LICENSES

    total $6,504 · program services $6,504

  • 24b · Other expenses: BANK FEES

    total $4,237 · program services $4,237

  • 24e · All other expenses

    total $56,010 · program services $56,010

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $421,545 · end of year $261,711

  • 4 · Accounts receivable

    beginning of year $5,668 · end of year $16,446

  • 9 · Prepaid expenses and deferred charges

    end of year $1,674

  • 10a · Land, buildings and equipment: cost or other basis

    $14,497,481

  • 10b · Land, buildings and equipment: accumulated depreciation

    $5,864,767

  • 10c · Land, buildings and equipment, net

    beginning of year $8,975,334 · end of year $8,632,714

  • 14 · Intangible assets

    beginning of year $200,922 · end of year $182,517

  • 15 · Other assets

    beginning of year $7,941 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $62,021 · end of year $84,553

  • 19 · Deferred revenue

    beginning of year $45,315 · end of year $42,574

  • 20 · Tax-exempt bond liabilities

    beginning of year $4,104,804 · end of year $3,684,676

  • 25 · Other liabilities

    beginning of year $8,246,006 · end of year $8,255,825

  • 27 · Net assets without donor restrictions

    beginning of year -$2,846,736 · end of year -$2,972,566

Mission and programs · 2023

Mission

MANAGE COLLABORATIVE WORK AND EVENT SPACES THAT BRING TOGETHER A DIVERSE COMMMUNITY OF LEADERS AND ORGANIZATIONS IN PURSUIT OF ADVANCING SOCIAL JUSTICE.

Activities or mission (Part I)

TO PROVIDE ECONOMICAL AND SUSTAINABLE WORKPLACE FACILITIES AND COMMUNITY-BASED SERVICES TO TIDES FOUNDATION, TIDES CENTER, AND NONPROFIT ORGANIZATIONS THAT FURTHER TIDES' CHARITABLE MISSION. TIDES TWO RIVERS FUND ACTS AS A SUPPORTING ORGANIZATION TO TIDES FOUNDATION AND TIDES CENTER.

  • TIDES TWO RIVERS FUND OPERATES NONPROFIT CENTERS IN NEW YORK, WHICH PROVIDE 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.

    Expenses $1,050,052 · Revenue $1,130,202

As filed on the 2023 return.

Listed in Part VII

  • JANIECE EVANS-PAGE

    DIRECTOR, CHAIR

    Total calculated
    $795,961
    From this org
    $0
    From related orgs
    $767,769
    Other
    $28,192
    Hours/week
    2 + 53 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

    DIRECTOR, SECRETARY

    Total calculated
    $412,139
    From this org
    $0
    From related orgs
    $364,674
    Other
    $47,465
    Hours/week
    3 + 52 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

    DIRECTOR, TREASURER (FROM 5/2023)

    Total calculated
    $361,316
    From this org
    $0
    From related orgs
    $322,612
    Other
    $38,704
    Hours/week
    4 + 51 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

    DIRECTOR, TREASURER (THRU 5/2023)

    Total calculated
    $293,035
    From this org
    $0
    From related orgs
    $269,147
    Other
    $23,888
    Hours/week
    4 + 51 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

  • DAVID SCHRAYER

    DIRECTOR (THRU 11/2023)

    Total calculated
    $194,563
    From this org
    $0
    From related orgs
    $165,231
    Other
    $29,332
    Hours/week
    2 + 42 related

    Schedule J breakdown matched by us

    Base
    $0 + $146,073 related
    Bonus
    $0 + $713 related
    Other
    $0 + $18,445 related
    Deferred
    $0 + $8,374 related
    Nontaxable benefits
    $0 + $20,958 related
    Filer's total
    $0 + $194,563 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 TWO RIVERS FUND 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

No itemized grants to organizations on this return.

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 FOUNDATION

    501(C)(3) · GRANTMAKING · CA · controlled entity

    Directly controlled by TIDES NETWORK

  • TIDES CENTER

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

    Directly controlled by TIDES NETWORK

  • TIDES INC

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

    Directly controlled by TIDES NETWORK

  • TIDES NETWORK

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

  • HARDING ROCK FUND

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

    Directly controlled by TIDES FOUNDATION

  • BEAUCHAMP CHARITIES

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

    Directly controlled by TIDES FOUNDATION

Provenance

Return type
form_990
Tax year
2023
Filed
24 September 2024
IRS schema version
2023v5.1
Source object
202432739349300153

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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