Tides Two Rivers Fund
- Assets
- $10.1m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 0
- Location
- San Francisco, CA
- Founding
- 10/2004
- Data as of
- 12/2021
- 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 12/2021, Tides Two Rivers Fund generated $1.3m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $1.2m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.9%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
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 (TTRF) SERVES ITS EXEMPT FUNCTION BY OPERATING MULTI-TENANT NONPROFIT CENTERS AND PROVIDING VALUE-ADDED SERVICES TO NON-PROFIT TENANTS TO BETTER ALLOW THEM TO ACCOMPLISH THEIR CHARITABLE MISSIONS. TTRF, ALONG WITH THREE OTHER NONPROFIT ORGANIZATIONS, PURCHASED OFFICE CONDOMINIUM SPACE AT 55 EXCHANGE PLACE IN DOWNTOWN MANHATTAN IN NEW YORK CITY. IN ITS CONDOMINIUM UNIT, TTRF CREATED A GREEN NON-PROFIT CENTER, CALLED TIDES CONVERGE NEW YORK (FORMERLY THE THOREAU CENTER FOR SUSTAINABILITY), WHICH IT CONTINUES TO OPERATE. THIS FACILITY IS AIMED AT PRESERVING NON-PROFIT TENANCY IN LOWER MANHATTAN, AS WELL AS CREATING STABLE, QUALITY WORK SPACE FOR ORGANIZATIONS WORKING FOR HEALTHY COMMUNITIES. TTRF PROVIDES OFFICE SPACE FOR THE INTERNAL OPERATIONS OF TIDES FOUNDATION AND THE TIDES CENTER, AND OTHER NON-PROFITS ALIGNED WITH THEIR MISSION, PROVIDING THESE ORGANIZATIONS WITH STABLE, HIGH-QUALITY WORK SPACE AND OPPORTUNITIES FOR COMMUNITY BUILDING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Suneela Jain Secretary | OfficerTrustee | 2 | $0 |
Holden Lee Treasurer/cfo - Start 8/2021 | OfficerTrustee | 2 | $0 |
Janiece Evans-Page Chair/ceo - Start 1/2021 | OfficerTrustee | 2 | $0 |
Judith Hill Treasurer/cfo - Through 8/2021 | OfficerTrustee | 2 | $0 |
Jennifer Marie Landig Assistant Secretary | Officer | 2 | $0 |
David Schrayer Director | 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 | $1,308,316 |
| 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 | $1,337,806 |
| 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 | $127,096 |
| Fees for services: Legal | $7,156 |
| Fees for services: Accounting | $15,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $45,196 |
| Advertising and promotion | $0 |
| Office expenses | $35,443 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $300,987 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $180,434 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $355,671 |
| Insurance | $39,700 |
| All other expenses | $64,224 |
| Total functional expenses | $1,180,548 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $529,107 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,818 |
| 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 | $0 |
| Net Land, buildings, and equipment | $9,314,845 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $219,327 |
| Other assets | $7,383 |
| Total assets | $10,075,480 |
| Accounts payable and accrued expenses | $95,057 |
| Grants payable | $0 |
| Deferred revenue | $40,875 |
| Tax-exempt bond liabilities | $4,949,584 |
| 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 | $8,582,578 |
| Total liabilities | $13,668,094 |
| Net assets without donor restrictions | -$3,592,614 |
| 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 | $10,075,480 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rockwood Leadership Institute Oakland, CA | $10,080,885 | $11,124,297 |
Grantmakers Concerned With Immigrants And Refugees Petaluma, CA | $4,788,688 | $4,336,686 |
Catalyst Of San Diego & Imperial Counties San Diego, CA | $7,738,471 | $2,813,093 |
B1g1 Giving Portland, OR | $244,433 | $1,502,291 |
Cocatalyst Impact Inc Palo Alto, CA | $255,124 | $1,188,952 |
Tides Two Rivers Fund San Francisco, CA | $10,075,480 | $1,337,806 |
Liferay Foundation Diamond Bar, CA | $4,622,598 | $1,105,729 |
Global Philanthropy Foundation Santa Monica, CA | $49,981 | $4,927 |
Swedemom Center Of Giving Mcminnville, OR | $65 | $275,031 |
Project High Hopes Escondido, CA | $275,148 | -$21,824 |
Orcasong Institute Portland, OR | $974,234 | $97,911 |
Social Good Labs Incorporated Princeville, HI | $799,623 | $638,259 |