2024-02-15T01:28:40-06:00 2022-12-31 861065772 DELOITTE TAX LLP 12830 EL CAMINO REAL SUITE 600 SAN DIEGO CA 92130 990 2022-01-01 571138099 TIDES INC TIDE 4155616400 1012 TORNEY AVENUE SAN FRANCISCO CA 94129 JAMES LUM TREASURER/CFO 4155616400 2024-02-14 1 JAMES LUM 999009999 0 JOCELYNE MILLER P00634378 6192326500 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z X X JANIECE EVANS-PAGE 1012 TORNEY AVENUE SAN FRANCISCO CA 94129 4301535 0 X WWW.TIDES.ORG X 2002 CA TO PROVIDE ECONOMICALLY, PROGRAMMATICALLY, ENVIRONMENTALLY SUSTAINABLE WORKPLACE FACILITIES AND RELATED SUPPORTIVE, COMMUNITY-BASED SERVICES TO TIDES FOUNDATION, TIDES NETWORK, THE TIDES CENTER, AND NONPROFIT ORGANIZATIONS THAT FURTHER TIDES' CHARITABLE MISSION. 4 0 0 0 0 0 5 5 3552558 4137175 0 0 61704 164355 3614267 4301535 8500 8500 0 0 0 0 0 0 0 3468124 4742958 3476624 4751458 137643 -449923 9808534 13139466 6978322 10250964 2830212 2888502 TO PROVIDE ECONOMICALLY, PROGRAMMATICALLY, ENVIRONMENTALLY SUSTAINABLE WORKPLACE FACILITIES AND RELATED SUPPORTIVE, COMMUNITY-BASED SERVICES TO TIDES FOUNDATION, TIDES NETWORK, THE TIDES CENTER, AND NONPROFIT ORGANIZATIONS THAT FURTHER TIDES' CHARITABLE MISSION. 0 0 2323034 8500 4301530 TIDES, INC. OPERATES TIDES CONVERGE IN SAN FRANCISCO (THE "FACILITY"), WHICH PROVIDES OFFICE SPACE FOR THE INTERNAL OPERATIONS OF TIDES FOUNDATION AND THE TIDES CENTER, AND MANY OTHER CHARITABLE AND/OR MISSION-ALIGNED ORGANIZATIONS, AND PROVIDES OPPORTUNITIES FOR COMMUNITY-BASED COMMUNITY BUILDING AND CONNECTIONS. 2323034 1 0 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 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 X 4 0 1 0 0 0 1 1 1 1 1 0 0 1 1 0 1 1 1 0 0 0 CA X X JAMES LUM 4155616300 1012 TORNEY AVENUE SAN FRANCISCO CA 94129 JANIECE EVANS-PAGE DIRECTOR, CHAIR 2.00 53.00 X X 0 745962 18841 HOLDEN LEE DIRECTOR, TREASURER 4.00 51.00 X X 0 454564 33204 SUNEELA JAIN DIRECTOR, SECRETARY 3.00 52.00 X X 0 353956 37743 DAVID SCHRAYER DIRECTOR 2.00 42.00 X 0 196750 34168 JENNIFER MARIE LANDIG ASSISTANT SEC. - THRU 4/2022 1.00 39.00 X 0 124570 8630 0 1875802 132586 0 0 1 0 0 5 5 RENTAL REV- NON-PROFIT 532000 4128360 4128360 STORAGE FEES 532000 5482 5482 TENANT REIMBURSEMENTS 532000 3333 3333 4137175 EXTERNAL REVENUE 900099 103105 103105 OTHER INCOME 900099 61250 61250 164355 4301535 4301530 0 0 8500 8500 106 106 18000 18000 96886 96886 12067 12067 3294574 1587009 1707565 3036 3036 202316 202316 282055 282055 57174 57174 ADMIN IT HR 702753 702753 LEASING COMMISSIONS 12408 12408 BANKING FEES 6932 6932 LICENSES 3219 3219 51432 51432 4751458 2323034 2428424 0 746166 1092118 86107 57200 41188 29244 12395495 5785470 6784195 6610025 71808 65782 2079070 5285097 9808534 13139466 172872 161446 19645 71944 6255907 5655111 529898 4362463 6978322 10250964 X 2830212 2888502 2830212 2888502 9808534 13139466 -449923 508213 0 X 0 1 X 1 0 X 350005 134 505 5 5 350654 3166700 3485474 3741036 3537380 4137175 18067765 3516705 3485608 3741541 3537385 4137180 18418419 0 2048534 2193190 2392336 2412678 2641607 11688345 2048534 2193190 2392336 2412678 2641607 11688345 6730074 1498 1498 129129 99484 56605 285218 130627 99484 56605 286716 37442 56389 79946 61427 164355 399559 3684774 3641481 3878092 3598812 4301535 19104694 0.35230 0.36410 0.01500 0.02260 X 10346602 4278117 6068485 2040006 1499451 540555 8887 7902 985 6610025 NOTES RECEIVABLE - RELATED ORGANIZATION 2078070 DEPOSITS 1000 INTEREST RATE SWAP RECEIVABLE- TAX-EXEMPT BONDS 270135 RIGHT OF USE LEASE ASSETS 2935892 5285097 SECURITY DEPOSITS 298736 PAYABLE - RELATED PARTY 702939 LEASE LIABILITY - CURRENT 1247664 LEASE LIABILITY - LONG TERM 2113124 4362463 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 GOVERNMENT ENTITY 8500 0 TO SUPPORT SHUTTLE OPERATIONS 1 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 2022, 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 553772 0 190900 0 1290 0 0 0 18841 0 764803 0 0 HOLDEN LEE DIRECTOR, TREASURER 0 425553 0 27667 0 1344 0 15321 0 17883 0 487768 0 0 SUNEELA JAIN DIRECTOR, SECRETARY 0 296875 0 56775 0 306 0 13031 0 24712 0 391699 0 0 DAVID SCHRAYER DIRECTOR 0 190630 0 5363 0 757 0 9641 0 24527 0 230918 0 0 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 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 2279889 7935000 7935000 2003 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 0 1 0 0 0 1 A 1 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 JENNIFER LANDIG 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 REVIEW A DRAFT OF THE FORM 990; ADJUSTMENTS ARE MADE AS NECESSARY. 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. 990 PART VI, SECTION B, LINE 12B: ALL DIRECTORS AND OFFICERS HAVE COMPLETED THE REQUIRED ANNUAL DISCLOSURE STATEMENT FOR 2023, BUT DUE TO STAFF TURNOVER DISCLOSURE STATEMENTS WERE INADVERTENTLY OMITTED IN 2022. 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. AMENDED RETURN: THIS TAX RETURN IS BEING AMENDED TO CORRECT THE AMOUNTS SHOWN ON PART VII AND SCHEDULE J FOR ALL COMPENSATED INDIVIDUALS. TIDES FOUNDATION 1012 TORNEY AVENUE SAN FRANCISCO CA 94129 510198509 GRANT MAKING CA 501(C)(3) 7 TIDES NETWORK 1 TIDES CENTER 1012 TORNEY AVENUE SAN FRANCISCO CA 94129 943213100 PROJECT DEVELOPMENT & MANAGEMENT CA 501(C)(3) 7 TIDES NETWORK 1 TIDES TWO RIVERS FUND 1012 TORNEY AVENUE SAN FRANCISCO CA 94129 201588459 DEVELOP/OPERATE FACILITIES MGMT AND MULTI-TENANT NON PROFIT CENTERS CA 501(C)(3) 12A, I 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 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 BEAUCHAMP CHARITIES 2454 ALTON PARKWAY IRVINE CA 92606 330956671 GRANTMAKING AND SUPPORT OF TIDES FOUNDATION CA 501(C)(3) 12A, I TIDES FOUNDATION 1 0 0 0 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 NETWORK J 1245450 BOOK VALUE