Berkeley Student Cooperative Inc
- Assets
- $58.0m
- Revenue
- $10.6m
- Investments
- $0.0
- Employees
- 70
- Location
- Berkeley, CA
- Founding
- 04/1960
- Data as of
- 05/2021
- EIN
- 94-0948140
Organization Overview
Berkeley Student Cooperative Inc is located in Berkeley, CA. The organization was established in 1960. According to its NTEE Classification (L40) the organization is classified as: Temporary Housing, under the broad grouping of Housing & Shelter and related organizations. As of 05/2021, Berkeley Student Cooperative Inc employed 70 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Berkeley Student Cooperative 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 05/2021, Berkeley Student Cooperative Inc generated $10.6m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $10.6m during the year ending 05/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE A QUALITY, LOW COST, COOPERATIVE HOUSING COMMUNITY TO UNIVERSITY STUDENTS WHO OTHERWISE MIGHT NOT BE ABLE TO AFFORD A UNIVERSITY EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE BERKELEY STUDENT COOPERATIVE (BSC) IS A NONPROFIT HOUSING COOPERATIVE PROVIDING AFFORDABLE HOUSING AND BOARD TO STUDENTS AT UC BERKELEY AND OTHER BAY AREA COLLEGES AND UNIVERSITIES. BSC HAS APPROXIMATELY 1,300 STUDENT MEMBERS LIVING IN OR EATING AT OUR SEVENTEEN HOUSES AND THREE APARTMENT COOPERATIVES AROUND THE UC BERKELEY CAMPUS. EACH HOUSE IS DEMOCRATICALLY RUN, WHERE ALL MEMBERS CONTRIBUTE LABOR TO KEEP HOUSING COSTS AFFORDABLE.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kim Benson Executive Director (through 2/2021) | Officer | 40 | $168,643 |
Steve Catano Finance & Acctg Mgr (through 5/2021) | Officer | 40 | $120,514 |
Madeleine Loh Dev Dir/board Member (through 10/2020) | Trustee | 40 | $102,348 |
Miguel Duarte Cfs Supervisor/board Member Start 11/2020 | Trustee | 40 | $71,791 |
Alex Quintero VP Of Capital & Finances (fall) | OfficerTrustee | 20 | $6,891 |
Ari Chivukula Summer President | OfficerTrustee | 20 | $2,311 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mackenzie Construction General Building Contractor | 5/30/20 | $843,207 |
Krt Inc General Building Contractor | 5/30/20 | $359,144 |
Security Engineers Electrical Engineering Services | 5/30/20 | $223,029 |
Valencia Bros Construction & Remodel General Building Contractor | 5/30/20 | $200,350 |
Accutemp Air Condition Hvac Contractor | 5/30/20 | $121,661 |
Mackenzie Construction General Building Contractor | 5/30/20 | $843,207 |
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 | $1,156,947 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,156,947 |
| Total Program Service Revenue | $9,078,796 |
| Investment income | $300,219 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$24,685 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,593,922 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $193,243 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $770,059 |
| Compensation of current officers, directors, key employees. | $601,750 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,766,198 |
| Pension plan accruals and contributions | $125,793 |
| Other employee benefits | $154,656 |
| Payroll taxes | $178,131 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,891 |
| Fees for services: Accounting | $38,550 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,746 |
| Advertising and promotion | $81,216 |
| Office expenses | $293,362 |
| Information technology | $103,068 |
| Royalties | $0 |
| Occupancy | $1,184,151 |
| Travel | $7,965 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $427,393 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,805,500 |
| Insurance | $490,463 |
| All other expenses | $154,304 |
| Total functional expenses | $10,637,994 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,235,101 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,536,547 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $67,686 |
| Prepaid expenses and deferred charges | $1,204,845 |
| Net Land, buildings, and equipment | $33,979,521 |
| Investments—publicly traded securities | $14,700,259 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $246,133 |
| Total assets | $57,970,092 |
| Accounts payable and accrued expenses | $218,428 |
| Grants payable | $0 |
| Deferred revenue | $5,543,869 |
| Tax-exempt bond liabilities | $13,607,262 |
| Escrow or custodial account liability | $45,982 |
| 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 | $601,550 |
| Total liabilities | $20,017,091 |
| Net assets without donor restrictions | $35,242,783 |
| Net assets with donor restrictions | $2,710,218 |
| 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 | $57,970,092 |
Grants Awarded
Over the last fiscal year, Berkeley Student Cooperative Inc has awarded $100,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
ABLE COMMUNITY PURPOSE: Coop Development Grant '17 | $20,000 |
BRICK & MORTAR COLLECTIVE PURPOSE: coop Development Grant '18 | $20,000 |
BRICK & MORTAR COLLECTIVE PURPOSE: Coop Development Grant '18 | $20,000 |
ABLE COMMUNITY PURPOSE: coop Development Grant '17 | $20,000 |
HASTA MUERTE COFFEE PURPOSE: Coop Development Grant '16 | $10,000 |
HASLA MUERTE COFFICE PURPOSE: coop Development Grant '16 | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Berkeley Student Cooperative Inc has recieved totaling $90,069.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $25,750 |
American Endowment Foundation Hudson, OH PURPOSE: HOUSING, SHELTER | $25,000 |
Harbor Road Foundation Wilmington, DE PURPOSE: CAPITAL IMPROVEMENT DAVIS HOUSE | $25,000 |
Will J Reid Foundation Long Beach, CA PURPOSE: GENERAL OPERATIONS | $13,500 |
Robert Wood Johnson Foundation Princeton, NJ PURPOSE: MATCHING GIFTS | $375 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $319 |
Endowment Analysis
| Beg. Balance | $935,952 |
| Net Contributions | $193,243 |
| Grants | $193,243 |
| Ending Balance | $935,952 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Next Move Homeless Services Sacramento, CA | $8,447,671 | $14,808,521 |
Homeward Bound Of Marin Novato, CA | $46,962,235 | $20,804,885 |
Berkeley Student Cooperative Inc Berkeley, CA | $57,970,092 | $10,593,922 |
Alameda County Homeless Action Center Berkeley, CA | $12,265,605 | $9,695,945 |
Operation Dignity Inc Oakland, CA | $4,987,460 | $8,555,959 |
On The Rise Inc Barstow, CA | $1,107,215 | $5,933,526 |
East County Transitional Living Center Inc El Cajon, CA | $1,910,869 | $5,548,107 |
Century Villages At Cabrillo Inc Culver City, CA | $30,721,110 | $4,907,626 |
Dignitymoves San Francisco, CA | $10,348,267 | $5,610,876 |
Ascencia Glendale, CA | $5,834,475 | $6,191,753 |
Grandmas House Of Hope Anaheim, CA | $3,883,799 | $4,297,846 |
House Of Refuge Inc Mesa, AZ | $3,568,215 | $2,806,174 |