Tides Two Rivers Fund
- Assets
- $9.1m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- San Francisco, CA
- Founding
- 10/2004
- Data as of
- 12/2023
- EIN
- 20-1588459
Organization Overview
Tides Two Rivers Fund is located in San Francisco, CA. The organization was established in 2004. According to its NTEE Classification (T02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tides Two Rivers Fund is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Tides Two Rivers Fund generated $1.1m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $1.2m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (2.8%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
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.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Janiece Evans-Page Director, Chair | OfficerTrustee | 2 | $0 |
Suneela Jain Director, Secretary | OfficerTrustee | 3 | $0 |
James Lum Director, Treasurer (from 5/2023) | OfficerTrustee | 4 | $0 |
Holden Lee Director, Treasurer (thru 5/2023) | OfficerTrustee | 4 | $0 |
David Schrayer Director (thru 11/2023) | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,130,050 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,130,202 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $109,022 |
| Fees for services: Legal | $25,330 |
| Fees for services: Accounting | $16,278 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $56,675 |
| Advertising and promotion | $0 |
| Office expenses | $40,312 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $334,357 |
| Travel | $1,925 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $146,554 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $357,627 |
| Insurance | $45,851 |
| All other expenses | $56,010 |
| Total functional expenses | $1,200,682 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $261,711 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $16,446 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,674 |
| Net Land, buildings, and equipment | $8,632,714 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $182,517 |
| Other assets | $0 |
| Total assets | $9,095,062 |
| Accounts payable and accrued expenses | $84,553 |
| Grants payable | $0 |
| Deferred revenue | $42,574 |
| Tax-exempt bond liabilities | $3,684,676 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $8,255,825 |
| Total liabilities | $12,067,628 |
| Net assets without donor restrictions | -$2,972,566 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $9,095,062 |