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Nonprofiteer
← UC BERKELEY MANAGEMENT COMPANY

Form 990 for tax year 2022

Filed by UC BERKELEY MANAGEMENT COMPANY.

Totals

Total revenue
$6,211,382
Total expenses
$6,211,382
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$6,211,382
Investment income
$0
Other revenue
$0
Total assets, end of year
$0
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$0
Program services expenses (Part IX)
$5,606,046
Management and general expenses
$605,336
Fundraising expenses
$0
Program service expenses (Part III)
$5,606,046

Program services were 90.3% 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: INVESTMENT MANAGEMENT SERVICES

    total $6,211,382 · related or exempt $6,211,382

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $1,430,654 · program services $1,430,654

  • 7 · Other salaries and wages

    total $2,839,120 · program services $2,714,574 · management and general $124,546

  • 8 · Pension plan contributions

    total $259,307 · program services $243,305 · management and general $16,002

  • 9 · Other employee benefits

    total $124,021 · program services $114,886 · management and general $9,135

  • 10 · Payroll taxes

    total $191,809 · program services $180,959 · management and general $10,850

  • 11a · Fees: management

    total $397,771 · management and general $397,771

  • 11b · Fees: legal

    total $137,512 · program services $137,512

  • 11c · Fees: accounting

    total $32,704 · management and general $32,704

  • 11f · Fees: investment management

    total $324,801 · program services $324,801

  • 13 · Office expenses

    total $7,696 · program services $7,388 · management and general $308

  • 14 · Information technology

    total $48,803 · program services $46,851 · management and general $1,952

  • 16 · Occupancy

    total $222,243 · program services $213,353 · management and general $8,890

  • 17 · Travel

    total $115,502 · program services $115,502

  • 23 · Insurance

    total $79,439 · program services $76,261 · management and general $3,178

Balance sheet

Part X, book values.

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $0 · end of year $0

Mission and programs · 2022

Mission

BEMCO PROVIDES PROFESSIONAL STEWARDSHIP OF ENDOWMENT DONATIONS GIVEN TO THE UNIVERSITY OF CALIFORNIA BERKELEY ("UCB") FOUNDATION TO BENEFIT UCB.

Activities or mission (Part I)

BEMCO PROVIDES PROF. INVEST. MGMT. OF ENDOWMENT DONATIONS; SEE SCHEDULE O FOR MORE INFORMATION GIVEN TO THE UNIVERSITY OF CALIFORNIA BERKELEY ("UCB") FOUNDATION TO BENEFIT UCB.

  • AS A SUPPORTING ORGANIZATION OF THE UNIVERSITY OF CALIFORNIA BERKELEY FOUNDATION, BEMCO MANAGES THE INVESTMENT OF ENDOWMENT GIFTS THAT HAVE BEEN ENTRUSTED TO THE UNIVERSITY OF CALIFORNIA BERKELEY FOUNDATION IN SUPPORT OF BERKELEY'S MISSION OF TEACHING, RESEARCH, AND PUBLIC SERVICE.

    Expenses $5,606,046 · Revenue $6,211,382

As filed on the 2022 return.

Listed in Part VII

  • Ben Bisconti

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Collette Chilton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Cyrus Hadidi

    CHAIRMAN OF THE BOARD

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • Robert O'Donnell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Nadine Tang

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • John Jenks

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Elizabeth Overshaw

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Diana Strandberg

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • David McAuliffe

    PRESIDENT AND CIO

    Total calculated
    $1,409,625
    From this org
    $1,314,544
    From related orgs
    $0
    Other
    $95,081
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $778,724
    Bonus
    $530,000
    Other
    $5,820
    Deferred
    $39,650
    Nontaxable benefits
    $55,431
    Filer's total
    $1,409,625

  • Loraine Binion

    TREASURER

    Total calculated
    $259,654
    From this org
    $219,685
    From related orgs
    $0
    Other
    $39,969
    Hours/week
    8 + 32 related

    Schedule J breakdown matched by us

    Base
    $219,685
    Bonus
    $0
    Other
    $0
    Deferred
    $32,014
    Nontaxable benefits
    $7,955
    Filer's total
    $259,654

  • Steven Algert

    INVESTMENT OFFICER

    Total calculated
    $598,170
    From this org
    $513,328
    From related orgs
    $0
    Other
    $84,842
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $324,833
    Bonus
    $185,130
    Other
    $3,365
    Deferred
    $39,650
    Nontaxable benefits
    $45,192
    Filer's total
    $598,170

  • Melody Ing

    INVESTMENT OFFICER

    Total calculated
    $636,921
    From this org
    $584,923
    From related orgs
    $0
    Other
    $51,998
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $339,038
    Bonus
    $241,882
    Other
    $4,003
    Deferred
    $39,650
    Nontaxable benefits
    $12,348
    Filer's total
    $636,921

  • David Bahr

    INVESTMENT OFFICER

    Total calculated
    $551,660
    From this org
    $493,716
    From related orgs
    $0
    Other
    $57,944
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $302,121
    Bonus
    $187,898
    Other
    $3,697
    Deferred
    $39,650
    Nontaxable benefits
    $18,294
    Filer's total
    $551,660

  • Catherine Nguyen

    OPERATIONS DIRECTOR

    Total calculated
    $411,393
    From this org
    $353,449
    From related orgs
    $0
    Other
    $57,944
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $214,729
    Bonus
    $135,216
    Other
    $3,504
    Deferred
    $39,650
    Nontaxable benefits
    $18,294
    Filer's total
    $411,393

  • Annika Ulrich

    INVESTMENT ASSOCIATE

    Total calculated
    $212,235
    From this org
    $171,394
    From related orgs
    $0
    Other
    $40,841
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $124,316
    Bonus
    $46,080
    Other
    $998
    Deferred
    $22,547
    Nontaxable benefits
    $18,294
    Filer's total
    $212,235

  • Valerie Keely

    ADMINISTRATOR

    Total calculated
    $165,899
    From this org
    $130,427
    From related orgs
    $0
    Other
    $35,472
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $112,321
    Bonus
    $17,181
    Other
    $925
    Deferred
    $17,178
    Nontaxable benefits
    $18,294
    Filer's total
    $165,899

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

  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 7:
NONFIXED PAYMENTS CERTAIN INDIVIDUALS LISTED ON SCHEDULE J, PART II RECEIVED DISCRETIONARY NONFIXED PAYMENTS. THESE AMOUNTS ARE REPORTED ON SCHEDULE J, PART II, COLUMN B (II) WHERE APPLICABLE.

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.

Provenance

Return type
form_990
Tax year
2022
Filed
10 May 2024
IRS schema version
2022v5.0
Source object
202401349349302270

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

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