2025-11-14T09:47:49-06:00 2024-12-31 861065772 DELOITTE TAX LLP 12830 EL CAMINO REAL SUITE 600 SAN DIEGO CA 92130 990 2024-01-01 201588459 TIDES TWO RIVERS FUND TIDE 4155616400 1012 TORNEY AVENUE SAN FRANCISCO CA 94129 KAREN CALDWELL TREASURER/CFO 4155616400 2025-11-14 1 0 JOCELYNE MILLER P00634378 6192326500 2024 2025-03-06 01:10:19Z JANIECE EVANS-PAGE 1012 TORNEY AVENUE SAN FRANCISCO CA 94129 1548593 0 X WWW.TIDES.ORG X 2005 CA 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. 4 0 0 0 0 0 0 359000 1130050 1189593 0 0 152 0 1130202 1548593 0 0 0 0 0 0 0 0 0 1200682 1216790 1200682 1216790 -70480 331803 9095062 9062077 12067628 11716960 -2972566 -2654883 MANAGE COLLABORATIVE WORK AND EVENT SPACES THAT BRING TOGETHER A DIVERSE COMMMUNITY OF LEADERS AND ORGANIZATIONS. 0 0 1050613 1548593 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. 1050613 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 1 0 1 0 0 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 0 1 1 1 1 1 0 0 0 CA NY X X KAREN CALDWELL 4155616400 1012 TORNEY AVENUE SAN FRANCISCO CA 94129 JANIECE EVANS-PAGE CEO, DIRECTOR AND CHAIR 2.00 53.00 X X 0 818625 42635 SUNEELA JAIN DIRECTOR, SECRETARY 3.00 52.00 X X 0 447893 53647 JAMES LUM DIRECTOR, TREASURER THRU 10/24 4.00 51.00 X X 0 570029 45726 KAREN CALDWELL DIRECTOR AND CFO AS OF 11/24 4.00 51.00 X X 0 70815 0 ALEXIS PAZA DIRECTOR AS OF 11/24 2.00 42.00 X 0 192305 50968 THRESA NELSON INTERIM CFO & TREASURER AS OF 10/24 4.00 51.00 X 0 99015 0 0 2198682 192976 0 0 1 0 0 359000 359000 RENTAL INCOME 531120 1155873 1155873 TENANT SERVICES 531390 33720 33720 1189593 1548593 1189593 0 0 35590 35590 15000 15000 54585 54585 39094 39094 304 304 332345 332345 200 200 133754 133754 358691 358691 61265 61265 ADMIN IT HR 115587 115587 BANK FEES 3911 3911 LICENSES 3111 3111 MEMBERSHIP DUES 650 650 62703 62703 1216790 1050613 166177 0 261711 538779 16446 5208 1674 3618 14573818 6223458 8632714 8350360 182517 164112 0 0 9095062 9062077 84553 89924 42574 40395 3684676 3206538 8255825 8380103 12067628 11716960 X -2972566 -2654883 -2972566 -2654883 9095062 9062077 331803 -14120 0 X 0 1 X 1 0 X X 2 TIDES FOUNDATION 510198509 7 1 0 0 TIDES CENTER 943213100 7 1 0 0 2 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 SCHEDULE A, PART IV, SECTION A, LINE 6: TIDES TWO RIVERS FUND (TTRF) OPERATES GREEN NONPROFIT CENTERS THAT PROVIDE AFFORDABLE QUALITY WORK AND PROGRAM SPACE FOR TIDES FOUNDATION AND TIDES CENTER AS WELL AS OTHER NONPROFIT, TAX EXEMPT ORGANIZATIONS. CONSISTENT WITH ITS STATUS AS A TYPE I SUPPORTING ORGANIZATION, AS WELL AS ITS ORGANIZATIONAL DOCUMENTS AND APPROVED APPLICATION FOR EXEMPT STATUS, TIDES TWO RIVERS FUND (TTRF) ENGAGES SOLELY IN ACTIVITIES THAT SUPPORT OR BENEFIT ITS SUPPORTED ORGANIZATIONS UNDER ITS DIRECTION AND CONTROL. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1710828 1710828 11877965 5338511 6539454 891164 791086 100078 93861 93861 0 8350360 NOTES PAYABLE RELATED ORGANIZATIONS 8143120 SECURITY DEPOSITS 64429 ACCOUNT PAYABLE - RELATED PARTY 172554 8380103 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 1 0 0 0 0 0 0 0 JANIECE EVANS-PAGE CEO, DIRECTOR AND CHAIR 0 639465 0 177180 0 1980 0 13667 0 28968 0 861260 0 0 JAMES LUM DIRECTOR, TREASURER THRU 10/24 0 304277 0 675 0 265077 0 15279 0 30447 0 615755 0 0 SUNEELA JAIN DIRECTOR, SECRETARY 0 356065 0 91528 0 300 0 16334 0 37313 0 501540 0 0 ALEXIS PAZA DIRECTOR AS OF 11/24 0 164966 0 27183 0 156 0 31122 0 19846 0 243273 0 0 PART I, LINES 4A-B 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, 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. A PUBLIC FINANCE AUTHORITY 273866124 000000000 2018-09-20 6156508 REFUND BOND DATED 12/24/2013 0 0 0 A 2804539 6156508 359000 6156508 2007 1 0 1 1 A 0 0 1 1 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 0 0 1 0 0 0 1 A 1 SCHEDULE K, PART II, LINE 13, COLUMN (A): THE TAX-EXEMPT BONDS WERE INITIALLY ISSUED IN 2007, REFUNDED IN 2013 AND REISSUED IN 2018, WITH THE UNDERLYING ASSETS BEING SUBSTANTIALLY COMPLETED ON OR ABOUT 2007. 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, INC., A RELATED TAX-EXEMPT ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 2 JANIECE EVANS-PAGE, SUNEELA JAIN, JAMES LUM, THRESA NELSON, ALEXIS PAZA AND KAREN CALDWELL WERE EMPLOYEES AND/OR OFFICERS OF TIDES NETWORK, A RELATED ORGANIZATION TO TIDES TWO RIVERS FUND. FORM 990, PART VI, SECTION A, LINE 6 TIDES TWO RIVERS HAS ONE SOLE MEMBER, TIDES NETWORK, A SECTION 501(C)(3) ORGANIZATION FORM 990, PART VI, SECTION A, LINE 7A EACH OF THE DIRECTORS OF THE TIDES TWO RIVERS FUND IS APPOINTED BY THE ORGANIZATION'S SOLE MEMBER, TIDES NETWORK. EACH DIRECTOR OF TIDES NETWORK IS A DIRECTOR OF EITHER TIDES FOUNDATION OR TIDES CENTER, THE SUPPORTED ORGANIZATIONS OF TIDES TWO RIVERS FUND. FORM 990, PART VI, SECTION A, LINE 7B ACTION BY THE BOARD OF DIRECTORS OF TIDES TWO RIVERS FUND (TTRF) ON THE FOLLOWING MATTERS SHALL BE EFFECTIVE ONLY WITH THE CONSENT OF THE BOARD OF DIRECTORS OR EXECUTIVE COMMITTEE OF TIDES NETWORK: (I) ANY CHANGE IN THE FUNDAMENTAL NATURE OR STATED PURPOSES FOR WHICH TIDES TWO RIVERS FUND IS ORGANIZED, (II) THE ADOPTION OF THE STRATEGIC PLANS FOR TIDES TWO RIVERS FUND, (III) THE ADOPTION OF THE ANNUAL CAPITAL AND OPERATING BUDGETS FOR TIDES TWO RIVERS FUND, (IV) BORROWING MONEY FOR CAPITAL OR OPERATING NEEDS OF TIDES TWO RIVERS FUND OR CUMULATIVE BORROWING IN EXCESS OF $100,000 FOR ANY PURPOSE, (V) ENTERING INTO ANY TRANSACTION OUTSIDE THE ORDINARY COURSE OF BUSINESS OF OPERATING TIDES TWO RIVERS FUND, (VI) PURCHASE, SALE, LEASE, MORTGAGE, DISPOSITION, OR HYPOTHECATION OF REAL PROPERTY OF TIDES TWO RIVERS FUND 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 THE TIDES TWO RIVERS FUND, (VIII) SELECTION OF THE AUDITORS OF THE TIDES TWO RIVERS FUND, (IX) AMENDMENT, REPEAL, OR ADOPTION OF THE ARTICLES OF INCORPORATION OR BYLAWS. THE AUTHORIZED NUMBER OF DIRECTORS OF TIDES TWO RIVERS FUND MUST ALSO BE DETERMINED WITH THE CONSENT OF TIDES NETWORK. TIDES NETWORK AS THE SOLE MEMBER OF TIDES TWO RIVERS FUND HAS THE SOLE POWER TO VOTE ON: (I) ANY AMENDMENT TO SOLE MEMBER ARTICLE OF THE BYLAWS (II) THE DISSOLUTION OF TIDES TWO RIVERS FUND PROVIDED TIDES NETWORK SHALL FIRST SOLICIT THE OPINION OF THE BOARD OF DIRECTORS OF TIDES TWO RIVERS FUND (III) THE APPOINTMENT AND REMOVAL OF TIDES TWO RIVERS FUND DIRECTORS. TIDES NETWORK ALSO DETERMINES THE SELECTION OF THE CHIEF EXECUTIVE OFFICER OF TIDES TWO RIVERS FUND. 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 CFO, IN CONSULTATION WITH OTHER STAFF AS RELEVANT, REVIEW A DRAFT OF THE FORM 990; ADJUSTMENTS ARE MADE AS NECESSARY. THE FORM 990 IS THEN SENT TO THE FINANCE COMMITTEE FOR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C UNDER THE TERMS OF THE CONFLICT OF INTEREST POLICY, THE DIRECTORS, OFFICERS, AND KEY EMPLOYEES ARE REQUIRED TO SUBMIT CONFLICT OF INTEREST DISCLOSURE STATEMENTS ON AN ANNUAL BASIS. WHEN A POTENTIAL OR ACTUAL CONFLICT OF INTEREST IS IDENTIFIED, DISCLOSURE OF ALL MATERIAL FACTS MUST BE MADE TO THE BOARD OF DIRECTORS AND THE MEMBERS OF COMMITTEES WITH BOARD-DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT OR THE CHIEF LEGAL AND COMPLIANCE OFFICER, IF THE TRANSACTION IS BEING CONTEMPLATED OUTSIDE OF THE CONTEXT OF A MEETING. IF IT IS DETERMINED THAT A CONFLICT OF INTERESTS EXISTS, THE CONFLICTED INDIVIDUAL, MAY PROVIDE ADDITIONAL FACTUAL INFORMATION REGARDING THE AFFECTED TRANSACTION, BUT MAY NOT PARTICIPATE IN OR ATTEMPT TO INFLUENCE DELIBERATION AND VOTING. THE CONFLICTED INDIVIDUAL MUST BE EXCUSED FROM THE MEETING PRIOR TO DELIBERATION, AND MAY NOT RETURN UNTIL DELIBERATION AND VOTING ON THE MATTER HAVE BEEN CONCLUDED. 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 DEPARTMENT. 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 TWO RIVERS FUND 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. TIDES FOUNDATION 1012 TORNEY AVENUE SAN FRANCISCO CA 94129 510198509 GRANTMAKING 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 INC 1012 TORNEY AVENUE SAN FRANCISCO CA 94129 571138099 DEVELOP/OPERATE FACILITIES MGMT AND MULTI-TENANT NONPROFIT CENTERS CA 501(C)(3) 10 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 0 0 1 0 1 0 0 0 0 1 0 0 1 1 1 1 1 0 0 TIDES FOUNDATION C 359000 BOOK VALUE TIDES INC E 2078070 BOOK VALUE TIDES FOUNDATION E 6065049 BOOK VALUE TIDES NETWORK J 296202 BOOK VALUE TIDES CENTER J 195873 BOOK VALUE TIDES NETWORK M 115587 BOOK VALUE