Skip to content
Nonprofiteer
← TIDES FOUNDATION

Form 990 for tax year 2024

Filed by TIDES FOUNDATION.

Totals

Total revenue
$367,989,822
Total expenses
$468,363,369
Contributions and grants received
$343,842,746
Grants paid
$442,511,391
Program service revenue
$1,723,571
Investment income
$22,423,505
Other revenue
$0
Total assets, end of year
$534,451,715
Total liabilities, end of year
$57,590,167
Net assets or fund balances, end of year
$476,861,548
Program services expenses (Part IX)
$445,150,363
Management and general expenses
$22,068,553
Fundraising expenses
$1,144,453
Program service expenses (Part III)
$445,150,363

Program services were 95.0% 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

    $8,841,382

  • 1f · All other contributions, gifts and grants

    $335,001,364

  • 1g · Noncash contributions included above

    $34,846,325

  • 2a · Program service revenue: CONTRACT REVENUE

    total $1,228,976 · related or exempt $1,228,976

  • 2b · Program service revenue: INVOICED ADMIN FEES

    total $266,055 · related or exempt $266,055

  • 2c · Program service revenue: PROGRAM RELATED INVESTMENT

    total $210,855 · related or exempt $210,855

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

    total $9,358 · related or exempt $9,358

  • 2f · All other program service revenue

    total $8,327 · related or exempt $8,327

  • 3 · Investment income

    total $12,665,897 · unrelated business -$24,663 · excluded $12,690,560

  • 7a · Gross sales of assets other than inventory

    securities $207,584,720

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

    securities $197,827,112

  • 7c · Gain or loss

    securities $9,757,608

  • 7d · Net gain or loss

    total $9,757,608 · excluded $9,757,608

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $395,239,277 · program services $395,239,277

  • 2 · Grants to domestic individuals

    total $80,000 · program services $80,000

  • 3 · Grants to foreign organizations and individuals

    total $47,192,114 · program services $47,192,114

  • 11b · Fees: legal

    total $1,184,472 · management and general $1,184,472

  • 11c · Fees: accounting

    total $10,712 · management and general $10,712

  • 11f · Fees: investment management

    total $466,846 · program services $466,846

  • 11g · Fees: other

    total $1,796,765 · program services $1,787,210 · management and general $9,555

  • 12 · Advertising and promotion

    total $5,769 · program services $5,769

  • 13 · Office expenses

    total $636 · program services $636

  • 14 · Information technology

    total $4,678 · program services $4,678

  • 17 · Travel

    total $115,020 · program services $115,020

  • 19 · Conferences, conventions and meetings

    total $15,132 · program services $15,132

  • 23 · Insurance

    total $306,145 · management and general $306,145

  • 24a · Other expenses: ADMIN IT HR

    total $21,645,922 · management and general $20,501,469 · fundraising $1,144,453

  • 24b · Other expenses: NGOSOURCE FEES

    total $56,200 · management and general $56,200

  • 24c · Other expenses: BANKING FEES

    total $54,517 · program services $54,517

  • 24d · Other expenses: LICENSES

    total $1,327 · program services $1,327

  • 24e · All other expenses

    total $187,837 · program services $187,837

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $41,970,078 · end of year $5,411,362

  • 2 · Savings and temporary cash investments

    beginning of year $3,480,587 · end of year $21,725,476

  • 3 · Pledges and grants receivable

    beginning of year $18,567,902 · end of year $21,902,980

  • 4 · Accounts receivable

    beginning of year $2,427,704 · end of year $6,465,012

  • 7 · Other notes and loans receivable

    beginning of year $26,817,971 · end of year $26,518,453

  • 9 · Prepaid expenses and deferred charges

    beginning of year $600,000 · end of year $2,666,497

  • 11 · Investments: publicly traded securities

    beginning of year $509,129,488 · end of year $398,072,412

  • 12 · Investments: other securities

    beginning of year $25,842,302 · end of year $26,546,401

  • 13 · Investments: program-related

    beginning of year $17,260,655 · end of year $25,143,122

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,669,271 · end of year $2,625,749

  • 18 · Grants payable

    beginning of year $62,350,294 · end of year $45,280,705

  • 19 · Deferred revenue

    beginning of year $1,501,524 · end of year $1,584,620

  • 25 · Other liabilities

    beginning of year $3,049,711 · end of year $8,099,093

  • 27 · Net assets without donor restrictions

    beginning of year $577,525,887 · end of year $476,861,548

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2024

Mission

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

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 GRANTMAKING FUNDS FOR CHARITABLE AND EDUCATIONAL PURPOSES THAT HELP TO MAKE THE WORLD A BETTER PLACE. 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 $445,150,363 · Grants $442,511,391 · Revenue $1,723,571

As filed on the 2024 return.

Listed in Part VII

  • Regina Jackson

    DIRECTOR AND CHAIR (AS OF 11/24)

    Total calculated
    $0
    Hours/week
    0 + 2 related

  • Roslyn Dawson Thompson

    DIRECTOR AND CHAIR (THRU 11/24)

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Angela Chadwick

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Brickson Diamond

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Elizer Darris

    DIRECTOR

    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

  • Lori Chatman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Michael Roberts

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Sulma Arias

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Trista Harris

    DIRECTOR (THRU 11/24)

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • Janiece Evans-Page

    CEO

    Total calculated
    $861,260
    From this org
    $0
    From related orgs
    $818,625
    Other
    $42,635
    Hours/week
    36 + 19 related

    Schedule J breakdown matched by us

    Base
    $0 + $639,465 related
    Bonus
    $0 + $177,180 related
    Other
    $0 + $1,980 related
    Deferred
    $0 + $13,667 related
    Nontaxable benefits
    $0 + $28,968 related
    Filer's total
    $0 + $861,260 related

  • Suneela Jain

    SEC & CHIEF LEGAL & COMP OFFICER

    Total calculated
    $501,540
    From this org
    $0
    From related orgs
    $447,893
    Other
    $53,647
    Hours/week
    4 + 51 related

    Schedule J breakdown matched by us

    Base
    $0 + $356,065 related
    Bonus
    $0 + $91,528 related
    Other
    $0 + $300 related
    Deferred
    $0 + $16,334 related
    Nontaxable benefits
    $0 + $37,313 related
    Filer's total
    $0 + $501,540 related

  • James Lum

    TREASURER AND CFO (THRU 9/24)

    Total calculated
    $615,755
    From this org
    $0
    From related orgs
    $570,029
    Other
    $45,726
    Hours/week
    15 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $304,277 related
    Bonus
    $0 + $675 related
    Other
    $0 + $265,077 related
    Deferred
    $0 + $15,279 related
    Nontaxable benefits
    $0 + $30,447 related
    Filer's total
    $0 + $615,755 related

  • Karen Caldwell

    TREASURER AND CFO (AS OF 11/24)

    Total calculated
    $70,815
    From this org
    $0
    From related orgs
    $70,815
    Other
    $0
    Hours/week
    15 + 40 related

  • Thresa Nelson

    INT CFO&TREASURER (10/24 THRU 11/24)

    Total calculated
    $99,015
    From this org
    $0
    From related orgs
    $99,015
    Other
    $0
    Hours/week
    15 + 40 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

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 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, LINE 4A:
JAMES LUM RECEIVED A SEVERANCE PAYMENT OF $205,000 DURING FY24.
PART I, LINE 4B:
SUNEELA JAIN PARTICIPATED IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN DURING THE YEAR.

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

  • TIDES NETWORK

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

  • TIDES CENTER

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

    Directly controlled by TIDES NETWORK

  • 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 $16,681,572

    Directly controlled by TIDES FOUNDATION

  • TIDES REAL ESTATE HOLDINGS LLC

    REAL ESTATE HOLDING COMPANY · DE · income $0 · assets $44,285

    Directly controlled by TIDES FOUNDATION

Provenance

Return type
form_990
Tax year
2024
Filed
14 November 2025
IRS schema version
2024v5.2
Source object
202523189349301347

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

The source document this was parsed from is served over the API, which is where bulk and document access live.