Berkeley Student Cooperative Inc
- Assets
- $62.0m
- Revenue
- $10.5m
- Investments
- $0.0
- Employees
- 59
- Location
- Berkeley, CA
- Founding
- 04/1960
- Data as of
- 05/2023
- 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 05/2023, Berkeley Student Cooperative Inc employed 59 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 05/2023, Berkeley Student Cooperative Inc generated $10.5m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $9.2m during the year ending 05/2023. As we would expect to see with falling revenues, expenses have declined by (0.5%) per year over the past 8 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 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tomi Chung President | OfficerTrustee | 5 | $0 |
Ninoa Kamangar VP Of External Affairs | OfficerTrustee | 5 | $0 |
Liza Mamedov-Turchinsky VP Of Internal Affairs | OfficerTrustee | 5 | $0 |
Evelyn Arroyo Board Director / VP Of Capital & Finance Start 1/2 | OfficerTrustee | 5 | $0 |
Vicente Gonzalez VP Of Capital & Finance Thru 1/2023 / Board Dir | OfficerTrustee | 5 | $0 |
Francesca Mejia VP Of Experience & Training | OfficerTrustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Valencia Bros Construction & Remodeling Construction / Maintenance Services | 5/30/23 | $749,918 |
Comfort Air Mechanical Systems Inc Maintenance Services | 5/30/23 | $192,874 |
A2 Remodeling Construction / Maintenance Services | 5/30/23 | $145,779 |
Uptime Usa Llc It Services | 5/30/23 | $100,448 |
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 | $190,531 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $190,531 |
| Total Program Service Revenue | $9,804,863 |
| Investment income | $361,692 |
| 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 | $10,499,027 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $100,300 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $608,148 |
| Compensation of current officers, directors, key employees. | $152,037 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,323,487 |
| Pension plan accruals and contributions | $63,420 |
| Other employee benefits | $287,721 |
| Payroll taxes | $202,919 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $40,800 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $37,407 |
| Advertising and promotion | $825 |
| Office expenses | $199,734 |
| Information technology | $94,967 |
| Royalties | $0 |
| Occupancy | $2,484,267 |
| Travel | $4,379 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $35,221 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $92,913 |
| All other expenses | $144,983 |
| Total functional expenses | $9,163,955 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,342,509 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | -$949,259 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $359,194 |
| Prepaid expenses and deferred charges | $4,313,015 |
| Net Land, buildings, and equipment | $39,411,193 |
| Investments—publicly traded securities | $15,355,949 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $173,291 |
| Total assets | $62,005,892 |
| Accounts payable and accrued expenses | $2,932,531 |
| Grants payable | $0 |
| Deferred revenue | $2,088,102 |
| Tax-exempt bond liabilities | $13,828,745 |
| Escrow or custodial account liability | $51,228 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $498,500 |
| Other liabilities | $756,197 |
| Total liabilities | $20,155,303 |
| Net assets without donor restrictions | $37,294,182 |
| Net assets with donor restrictions | $4,556,407 |
| 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 | $62,005,892 |
Grants Awarded
Over the last fiscal year, Berkeley Student Cooperative Inc has awarded $100,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
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 |
ABLE COMMUNITY PURPOSE: coop Development Grant '17 | $20,000 |
BRICK & MORTAR COLLECTIVE PURPOSE: coop Development Grant '18 | $20,000 |
HASLA MUERTE COFFICE PURPOSE: coop Development Grant '16 | $10,000 |