2025-11-13T13:05:34-06:00 2024-12-31 941254756 HOOD & STRONG LLP 2580 N 1ST ST STE 460 SAN JOSE CA 95131 990 2024-01-01 205253663 BENEFICIAL STATE FOUNDATION BENE 5104102036 1438 WEBSTER STREET 300 OAKLAND CA 94612 ERIN KILMER NEEL EXECUTIVE DIRECTOR & CIO 5104102036 2025-11-12 1 0 JACOB YAU P01560332 4089988400 2024 2025-03-06 01:10:19Z ERIN KILMER NEEL 1438 WEBSTER STREET 300 OAKLAND CA 94612 5346285 0 X WWW.BENEFICIALSTATE.ORG X 2006 DE TO COMBAT ECONOMIC DISTRESS AND ENCOURAGE COMMUNITY DEVELOPMENT. 5 5 22 5 0 0 7240351 5043967 0 0 241930 241954 43006 60364 7525287 5346285 2741062 446345 0 0 3029926 2939133 0 0 0 1899456 2238504 7670444 5623982 -145157 -277697 117915206 116410449 2621746 1394686 115293460 115015763 TO CREATE, GUIDE, AND PROMOTE A BENEFICIAL BANKING MODEL THAT TRANSFORMS THE BANKING INDUSTRY; WE ACCELERATE THE TRANSFORMATION BY ATTRACTING HUMAN, FINANCIAL, AND INTELLECTUAL CAPITAL TO BENEFICIAL BANKING. 0 0 3606121 0 60364 DEVELOP AND DELIVER PROGRAMS THAT PROMOTE INCLUSIVE BANKING PRACTICES, SUPPORT COMMUNITY DEVELOPMENT, AND REDUCE ECONOMIC DISPARITIES. ACTIVITIES INCLUDE TRAINING FINANCIAL INSTITUTIONS, PRODUCING RESEARCH AND EDUCATIONAL CONTENT, AND ENGAGING IN PARTNERSHIPS AND POLICY EFFORTS TO EXPAND ACCESS TO FAIR LOANS, INVESTMENTS, AND FINANCIAL SERVICES FOR HISTORICALLY UNDERSERVED COMMUNITIES AND ORGANIZATIONS. 939177 446345 0 SUPPORT CLEAN VEHICLE ASSISTANCE PROGRAM, INCLUDING, BUT NOT LIMITED TO, PROGRAMS AND GRANTS TO HELP LOWER-INCOME CALIFORNIA RESIDENTS PURCHASE A NEW OR USED HYBRID OR ELECTRIC VEHICLE. IN PARTNERSHIP WITH CALIFORNIA CLIMATE INVESTMENTS (A PROGRAM OF THE CALIFORNIA AIR RESOURCES BOARD), THE COLLECTIVE GOAL IS TO MAKE ENVIRONMENTALLY FRIENDLY VEHICLES ACCESSIBLE AND AFFORDABLE TO ALL. 4545298 1 1 0 1 0 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 23 0 1 22 1 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 0 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X ERIN KILMER NEEL 5104102036 1438 WEBSTER STREET SUITE 300 OAKLAND CA 94612 ROBERT WILKINS PRESIDENT 0.50 0.00 X X 0 0 0 ELMY BERMEJO BOARD DIRECTOR 0.50 0.00 X 0 0 0 ANGELA GLOVER DAVIS BOARD DIRECTOR 0.50 0.00 X 0 0 0 JANIECE EVANS-PAGE BOARD DIRECTOR 0.50 0.00 X 0 0 0 KAT TAYLOR BOARD DIRECTOR 0.50 0.00 X 0 0 0 ERIN KILMER NEEL EXEC DIR AND CHIEF IMPACT OFFICER 43.34 0.00 X 213777 0 12449 ANNIE BAKKE CLAYBAUGH VP, OPERATIONS AND FINANCE 43.34 0.00 X 162103 0 35413 DARNELL GRISBY SVP, CLEAN VEHICLE ASST. PROGRAM 43.34 0.00 X 196336 0 9752 ANIL AWASTI VP, TALENT & CULTURE 43.34 0.00 X 166700 0 18204 WILLIAM AARON KRISTIN STRATEGIC COMMUNICATIONS DIRECTOR 43.34 0.00 X 154533 0 26859 FRANCIS DENNIS JANES INDUSTRY RELATIONS/PARTNERSHIPS DIR. 43.34 0.00 X 160093 0 9606 QUINNTAVIOUS WILLIAMS DIRECTOR, EQUITABLE BANK STANDARDS 43.34 0.00 X 159577 0 18641 MARIA KEI OLDIGES SOCIAL IMPACT RESEARCH AND EVAL DIR. 43.34 0.00 X 156459 0 15055 1369578 0 145979 10 0 1 0 STRATYFY 408 WEST 20TH STREET NEW YORK NY 10011 TECHNOLOGY DEVELOPMENT 600000 BOND STUDIO LLC 125 REMOUNT ROAD SUITE C1 PMB 3561 CHARLOTTE NC 28203 VIDEO PRODUCTION 282378 GREENARC INC 5901 INDIAN SCHOOL ROAD NE ALBUQUERQUE NM 87110 TECHNOLOGY DEVELOPMENT 225000 GRID ALTERNATIVES 1171 OCEAN AVENUE SUITE 200 OAKLAND CA 94680 INSTALLATION OF EV CHARGING SYSTEMS 216345 SUSAN BROWN CONSULTING 511 N ADAMS DRIVE MOUNT SHASTA CA 96067 TECHNICAL PROGRAM ASSISTANCE 100800 6 1313384 953816 2776767 5043967 241954 241954 LECTURES 900099 60364 60364 60364 5346285 60364 0 241954 X 446345 446345 617218 319201 298017 1733664 1491601 242063 85557 72399 13158 314430 228830 85600 188264 148024 40240 37943 6685 31258 71345 2800 68545 830356 774862 55494 3818 3818 17513 5994 11519 913311 867922 45389 85260 85260 30057 28854 1203 80113 34139 45974 9547 9547 15189 15189 CLEAN VEHICLE ASST 78764 78764 PROFESSIONAL DEVEL. 34331 4500 29831 MEMBERSHIP DUES 30957 30560 397 5623982 4545298 1078684 0 3883267 1583281 234473 1124028 537 15000 72996 47704 177110 163245 17507 13865 113585710 113585710 120716 40861 117915206 116410449 391514 203385 2100649 1146833 129583 44468 2621746 1394686 X 115253460 114825763 40000 190000 115293460 115015763 117915206 116410449 -277697 0 X 0 1 X 1 0 X 14445845 22165155 5425264 7240351 5043967 54320582 14445845 22165155 5425264 7240351 5043967 54320582 11065614 43254968 323 241663 241722 241930 241954 967592 55288174 118228 0.78240 0.75910 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 5623982 5623982 431199 107800 0 0 1000000 488090 533522 431199 2452811 3679217 250000 122023 133381 107800 613204 919806 174399 160534 13865 2711 2711 0 13865 RESTRICTED HOLDINGS IN BENEFICIAL STATE BANCORP, INC. 113485710 C INVESTMENT IN GABV SFRE FUND 100000 C 113585710 LEASE LIABILITIES 44468 44468 X 5346285 0 5346285 0 5346285 5623982 0 5623982 0 5623982 PART X, LINE 2: THE FOUNDATION QUALIFIES AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND RELATED CALIFORNIA CODE SECTIONS. ACCORDINGLY, IT IS NOT SUBJECT TO FEDERAL OR STATE INCOME TAXES ON RELATED INCOME. IN ADDITION, THE FOUNDATION COULD BE SUBJECT TO TAX ON UNRELATED BUSINESS INCOME, IF ANY, GENERATED BY ITS INVESTMENTS AND OTHER SOURCES. AS OF DECEMBER 31, 2024, AND 2023, MANAGEMENT EVALUATED THE FOUNDATION'S TAX POSITIONS AND CONCLUDED THAT THE FOUNDATION HAD MAINTAINED ITS TAX-EXEMPT STATUS AND HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS. THEREFORE, NO PROVISION OR LIABILITY FOR INCOME TAXES RELATED TO UNCERTAIN TAX POSITIONS HAS BEEN INCLUDED IN THE FINANCIAL STATEMENTS. EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 MISSION RELATED INVESTMENT N/A 100000 0 0 0 0 0 0 100000 0 100000 0 0 1 0 0 0 1 HYBRID OR ELECTRIC VEHICLE PURCHASE ASSISTANCE 38 282500 ELECTRIC VEHICLE CHARGING ASSISTANCE 100 163845 PART I, LINE 2: CARB APPROVED THE BUDGET AND SUBSEQUENT AMENDMENTS TO THE BUDGET. QUARTERLY, BSF SUBMITTED ACCOUNTING AND NARRATIVE REPORTS THAT DETAILED HOW GRANT FUNDS HAD BEEN SPENT FOR THE PRIOR QUARTER. ALL OPERATING EXPENSES RELATED TO GRANT FUNDS WERE APPROVED BY THE DIRECTOR OF OPERATIONS. ALL INCENTIVE FUNDS WERE ADMINISTERED WHEN PROGRAM PARTICIPANTS AND VEHICLE DEALERSHIPS MET A SET LIST OF CRITERIA. X 1 1 X X X X 0 0 0 0 0 0 0 1 0 ERIN KILMER NEEL EXEC DIR AND CHIEF IMPACT OFFICER 204117 0 6300 0 3360 0 12449 0 0 0 226226 0 0 0 DARNELL GRISBY SVP, CLEAN VEHICLE ASST. PROGRAM 185478 0 7498 0 3360 0 0 0 9752 0 206088 0 0 0 ANNIE BAKKE CLAYBAUGH VP, OPERATIONS AND FINANCE 144835 0 13908 0 3360 0 10002 0 25411 0 197516 0 0 0 ANIL AWASTI VP, TALENT & CULTURE 157040 0 6300 0 3360 0 9605 0 8599 0 184904 0 0 0 WILLIAM AARON KRISTIN STRATEGIC COMMUNICATIONS DIRECTOR 144873 0 6300 0 3360 0 9546 0 17313 0 181392 0 0 0 QUINNTAVIOUS WILLIAMS DIRECTOR, EQUITABLE BANK STANDARDS 149917 0 6300 0 3360 0 9168 0 9473 0 178218 0 0 0 MARIA KEI OLDIGES SOCIAL IMPACT RESEARCH AND EVAL DIR. 145799 0 7300 0 3360 0 9606 0 5449 0 171514 0 0 0 FRANCIS DENNIS JANES INDUSTRY RELATIONS/PARTNERSHIPS DIR. 149433 0 7300 0 3360 0 9606 0 0 0 169699 0 0 0 PART I, LINE 1A FRINGE BENEFITS WERE PROVIDED MONTHLY TO ALL STAFF TO OFFSET WELLNESS & COMMUTE-RELATED EXPENSES. ALL STAFF RECEIVED THE SAME AMOUNT IN FRINGE BENEFITS. THE BENEFITS WERE TREATED AS TAXABLE COMPENSATION TO THE EMPLOYEES. PART I, LINE 7 THE DISCRETIONARY BONUS POLICY IS ADMINISTERED BY THE HR DEPARTMENT. BONUS AMOUNTS ARE DETERMINED AT THE DISCRETION OF THE EXECUTIVE TEAM, BASED ON AVAILABLE FUNDING, ORGANIZATIONAL PERFORMANCE, AND INDIVIDUAL CONTRIBUTIONS. FORM 990, PART VI, SECTION A, LINE 7A TOMKAT FOUNDATION IS ENTITLED TO APPOINT A MAJORITY OF THE MEMBERS ON THE FOUNDATION'S BOARD OF DIRECTORS EFFECTIVE FEBRUARY 17, 2022. FORM 990, PART VI, SECTION A, LINE 7B THE BYLAWS PROVIDE FOR RESERVED POWERS TO APPROVE CERTAIN ACTIONS, INCLUDING DEBT OBLIGATIONS, CHANGES TO THE BYLAWS, OR SIMILAR ISSUES. DECISIONS WHERE POWERS ARE RESERVED MUST BE APPROVED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B THE TAXPAYER'S ACCOUNTING FIRM FORWARDED THE FORM 990 TO THE TREASURER. THE TREASURER FORWARDED THE FORM 990 TO THE BOARD CHAIRPERSON FOR THEIR REVIEW PRIOR TO THE FILING THE FORM 990. BOARD MEMBERS ARE ENCOURAGED TO REVIEW THE FORM 990 AND TO FORWARD THEIR QUESTIONS TO THE TREASURER. EITHER THE TREASURER OR THE ACCOUNTING FIRM ADDRESSES THE QUESTIONS FROM THE BOARD. FORM 990, PART VI, SECTION B, LINE 12C UNDER THE POLICY, ALL INTERESTED PERSONS ARE COVERED. AN INTERESTED PERSON INCLUDES A DIRECTOR, AN OFFICER, AN EXECUTIVE DIRECTOR, A HIGHLY COMPENSATED EMPLOYEE, A SUBSTANTIAL CONTRIBUTOR, OR A MEMBER OF A COMMITTEE WITH BOARD-DELEGATED POWERS WHO HAS A DIRECT OR INDIRECT FINANCIAL INTEREST. AFTER DETERMINING THAT A POTENTIAL CONFLICT OF INTEREST EXISTS, THE BOARD SHALL DELIBERATE THE MATTER AND THE POTENTIALLY INTERESTED PERSON SHALL RECUSE HIM OR HERSELF. FORM 990, PART VI, SECTION B, LINE 15 THE FOUNDATION BOARD USES MARKET STUDIES, SUCH AS THE COUNCIL ON FOUNDATIONS' WAGE AND BENEFIT REPORT, TO SET BENEFITS PACKAGES FOR OFFICERS AND KEY EMPLOYEES. BOARD OF DIRECTORS DO NOT RECEIVE BENEFITS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS CONFLICT OF INTEREST POLICY, GOVERNING DOCUMENTS, AND AUDITED FINANCIAL STATEMENTS AVAILABLE UPON REQUEST FOR THE SAME PERIOD OF TIME AS SET FORTH IN SEC. 6104(D). FORM 990, PART IX, LINE 11G CONSULTING: PROGRAM SERVICE EXPENSES 734,720. MANAGEMENT AND GENERAL EXPENSES 48,752. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 783,472. MEETING FACILITATION & HONORARIUM: PROGRAM SERVICE EXPENSES 36,878. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 36,878. LOAN PROCESSING: PROGRAM SERVICE EXPENSES 2,464. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,464. PENSION ADMINISTRATION: PROGRAM SERVICE EXPENSES 800. MANAGEMENT AND GENERAL EXPENSES 4,580. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 5,380. RECRUITING: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 2,162. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,162. TOMKAT FOUNDATION 111 SUTTER ST 10TH FL SAN FRANCISCO CA 94104 921160421 GRANTMAKING CA 501(C)(3) PF N/A 0 KATTOM FOUNDATION 111 SUTTER ST 10TH FL SAN FRANCISCO CA 94104 205730928 GRANTMAKING CA 501(C)(3) PF N/A 0 BENEFICIAL STATE BANCORP INC 1438 WEBSTER STREET STE 100 OAKLAND CA 94612 203814367 BANKING & FINANCIAL SERVICES CA BENEFICIAL STATE FOUNDATION C 0 BENEFICIAL STATE BANK 1438 WEBSTER STREET STE 100 OAKLAND CA 94612 203814367 BANKING & FINANCIAL SERVICES CA BENEFICIAL STATE BANCORP INC C 0 0 0 0 0 0 1 0 0 0 0 1 0 1 1 0 0 1 0 0 SCHEDULE R, PART IV, COLUMN (H) AS OF DECEMBER 31, 2024, THE HOLDINGS CONSISTED OF 1.7 MILLION SHARES OF CLASS B NON-VOTING COMMON STOCK HELD AT COST OF $105,435,710, WHICH REPRESENTS ALL OUTSTANDING SHARES OF CLASS B STOCK, AND 8,050 SHARES OF SERIES A PREFERRED STOCK HELD AT $8,050,000. THE CLASS B SHARES HAVE PREFERENCE ON ANY DECLARATION OR PAYMENT OF DIVIDENDS; HOWEVER, THESE DIVIDENDS ARE NOT CUMULATIVE.