Tides Inc
- Assets
- $11.5m
- Revenue
- $4.3m
- Investments
- $0.0
- Employees
- 0
- Location
- San Francisco, CA
- Founding
- 10/2006
- Data as of
- 12/2023
- EIN
- 57-1138099
Organization Overview
Tides Inc is located in San Francisco, CA. The organization was established in 2006. According to its NTEE Classification (P19) the organization is classified as: Support N.E.C., under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tides Inc 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 Inc generated $4.3m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $4.1m during the year ending 12/2023. While expenses have increased by 6.7% per year over the past 9 years. They've been increasing with an increasing level of total revenue. 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 RELATED COMMUNITY-BASED SERVICES TO TIDES FOUNDATION, TIDES CENTER, AND NONPROFIT ORGANIZATIONS THAT FURTHER TIDES' CHARITABLE MISSION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
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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 | $70,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $15 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $70,015 |
| Total Program Service Revenue | $4,120,867 |
| 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 | $4,272,325 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $8,500 |
| 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 | $0 |
| Fees for services: Legal | $27,237 |
| Fees for services: Accounting | $19,279 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $106,250 |
| Advertising and promotion | $0 |
| Office expenses | $7,468 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,660,572 |
| Travel | $3,850 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $176,756 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $285,816 |
| Insurance | $65,155 |
| All other expenses | $4,350 |
| Total functional expenses | $4,104,947 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $981,682 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $198,871 |
| 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 | $14,530 |
| Net Land, buildings, and equipment | $6,401,976 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $59,755 |
| Other assets | $3,862,194 |
| Total assets | $11,519,008 |
| Accounts payable and accrued expenses | $197,748 |
| Grants payable | $0 |
| Deferred revenue | $80,242 |
| Tax-exempt bond liabilities | $4,832,439 |
| 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 | $3,422,631 |
| Total liabilities | $8,533,060 |
| Net assets without donor restrictions | $2,985,948 |
| 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 | $11,519,008 |
Grants Awarded
Over the last fiscal year, Tides Inc has awarded $34,400 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
PRESIDIO TRUST PURPOSE: Shuttle | $8,000 |
TIDES CENTER PURPOSE: In Kind Contribution | $26,400 |