2025-11-14T09:45:52-06:00 2024-12-31 861065772 DELOITTE TAX LLP 12830 EL CAMINO REAL SUITE 600 SAN DIEGO CA 92130 990 2024-01-01 571138099 TIDES INC 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 4685233 0 X WWW.TIDES.ORG X 2002 CA TO PROVIDE ECONOMICAL AND SUSTAINABLE WORKPLACE FACILITIES AND RELATED COMMUNITY-BASED SERVICES TO TIDES FOUNDATION, TIDES CENTER, AND NONPROFIT ORGANIZATIONS THAT FURTHER TIDES CHARITABLE MISSION. 4 0 0 0 0 0 70015 502500 4120867 4121481 0 0 81443 61252 4272325 4685233 8500 8500 0 0 0 0 0 0 0 4096447 4443944 4104947 4452444 167378 232789 11519008 10731278 8533060 7529104 2985948 3202174 MANAGE COLLABORATIVE WORK AND EVENT SPACES THAT BRING TOGETHER COMMMUNITY LEADERS AND ORGANIZATIONS. 0 0 2643757 8500 4182733 TIDES, INC. OPERATES TIDES CONVERGE IN SAN FRANCISCO, WHICH PROVIDES 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. 2643757 1 1 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 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 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 500000 2500 502500 RENTAL REV- NON-PROFIT 532000 4113162 4113162 STORAGE FEES 532000 5482 5482 TENANT REIMBURSEMENTS 532000 2837 2837 4121481 61252 61252 61252 4685233 4182733 0 0 8500 8500 8517 8517 18000 18000 105690 105690 17447 17447 3038418 1956418 1082000 6050 6050 159652 159652 293300 293300 52480 52480 MANAGEMENT FEES 700170 700170 BANKING FEES 5557 5557 LICENSES 2624 2624 36039 36039 4452444 2643757 1808687 0 981682 1070763 198871 523827 14530 76462 12573669 6364586 6401976 6209083 59755 53730 3862194 2797413 11519008 10731278 197748 222202 80242 246631 4832439 4388206 3422631 2672065 8533060 7529104 X 2985948 3202174 2985948 3202174 11519008 10731278 232789 -16563 0 X 0 1 X 1 0 X 505 5 5 70015 502500 573030 3741036 3537380 4137175 4120867 4121481 19657939 3741541 3537385 4137180 4190882 4623981 20230969 0 2392336 2412678 2641607 2693927 2399799 12540347 2392336 2412678 2641607 2693927 2399799 12540347 7690622 56605 56605 56605 56605 79946 61427 164355 81443 70651 457822 3878092 3598812 4301535 4272325 4694632 20745396 0.37070 0.34320 0.00270 0.00790 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 10346602 4727634 5618968 2218180 1628065 590115 8887 8887 0 6209083 NOTES RECEIVABLE - RELATED ORGANIZATION 2078070 DEPOSITS 1000 RIGHT OF USE LEASE ASSETS 718343 2797413 SECURITY DEPOSITS 306396 INTEREST RATE SWAP LIAB- TAX-EXEMPT BONDS -183641 PAYABLE - RELATED PARTY 1698967 LEASE LIABILITY - CURRENT 850343 2672065 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 PRESIDIO TRUST 103 MONTGOMERY STREET SAN FRANCISCO CA 94129 943306440 501(C)(3) 8500 0 TO SUPPORT SHUTTLE OPERATIONS 1 0 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 2024, TIDES, INC. MADE A GRANT TO THE PRESIDIO TRUST TO SUPPORT ITS PROVISION OF PUBLIC TRANSPORTATION, WHICH WAS MONITORED VIA FIRSTHAND OBSERVATION. 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, 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. 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. A PUBLIC FINANCE AUTHORITY 273866124 000000000 2018-09-20 7935000 REFUND BOND DATED 12/24/2013 0 0 0 A 3546794 7935000 500000 7935000 2003 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 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. SCHEDULE K, PART II, COLUMN (A) THE TAX-EXEMPT BONDS WERE INITIALLY ISSUED IN 2003, REFUNDED IN 2013 AND REISSUED IN 2018, WITH THE UNDERLYING ASSETS BEING SUBSTANTIALLY COMPLETED ON OR ABOUT 2003. FORM 990, PART VI, SECTION A, LINE 2 JANIECE EVANS-PAGE, SUNEELA JAIN, ALEXIS PAZA, KAREN CALDWELL, JAMES LUM AND THRESA NELSON WERE EMPLOYEES AND/OR OFFICERS OF TIDES NETWORK, A RELATED ORGANIZATION TO TIDES INC. 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 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 CFO, IN CONSULTATION WITH OTHER STAFF AS RELEVANT, REVIEW A DRAFT OF THE FORM 990; ADJUSTMENTS ARE MADE AS APPROPRIATE. 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, 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. TIDES TWO RIVERS FUND 1012 TORNEY AVENUE SAN FRANCISCO CA 94129 201588459 DEVELOP/OPERATE FACILITIES MGMT AND MULTI-TENANT NONPROFIT CENTERS CA 501(C)(3) 12A, I TIDES NETWORK 1 TIDES FOUNDATION 1012 TORNEY AVENUE SAN FRANCISCO CA 94129 510198509 GRANTMAKING CA 501(C)(3) 7 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 TIDES CENTER 1012 TORNEY AVENUE SAN FRANCISCO CA 94129 943213100 PROJECT DEVELOPMENT & MANAGEMENT CA 501(C)(3) 7 TIDES NETWORK 1 0 0 1 1 1 0 0 0 0 1 0 0 1 1 1 1 0 0 0 TIDES FOUNDATION C 500000 BOOK VALUE TIDES TWO RIVERS FUND D 2078070 BOOK VALUE