Tides Foundation
- Assets
- $1.2b
- Revenue
- $863.5m
- Investments
- $98.4m
- Employees
- 0
- Location
- San Francisco, CA
- Founding
- 01/1977
- Data as of
- 12/2021
- EIN
- 51-0198509
Organization Overview
Tides Foundation is located in San Francisco, CA. The organization was established in 1977. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, 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 Foundation 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 Foundation generated $863.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 27.5% each year . All expenses for the organization totaled $614.8m during the year ending 12/2021. While expenses have increased by 20.6% per year over the past 7 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.
Since 2018, Tides Foundation has awarded 7,939 individual grants totaling $1,428,391,747. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
GRANTMAKING THROUGH FUNDS TO ACCELERATE THE PACE OF SOCIAL CHANGE.
Describe the Organization's Program Activity:
TIDES FOUNDATION MAKES GRANTS AND OPERATES COLLECTIVE ACTION, DONOR-ADVISED AND OTHER GRANT MAKING FUNDS FOR CHARITABLE AND EDUCATIONAL PURPOSES THAT SUPPORT THE FOUNDATION'S MISSION. GRANTS ARE MADE TO ELIGIBLE DOMESTIC AND QUALIFIED FOREIGN CHARITABLE ORGANIZATIONS FOR THESE PHILANTHROPIC PURPOSES. TIDES FOUNDATION ALSO PROVIDES PHILANTHROPIC SUPPORT TO CREATE OPPORTUNITIES FOR LEARNING, INCREASE CAPACITY FOR MISSION-ALIGNED ACTIVITES, AND BUILD COMMUNITY AMONG DONORS AND GRANTEES. OUR PRIMARY AREAS OF FOCUS ARE EQUITY, HUMAN RIGHTS AND ECONOMIC EMPOWERMENT; A SUSTAINABLE ENVIRONMENT; HEALTHY INDIVIDUALS AND COMMUNITIES; AND QUALITY EDUCATION.
TIDES FOUNDATION ALSO PROVIDES ADMINISTRATIVE AND SUPPORT SERVICES TO OTHER NONPROFIT ORGANIZATIONS INCLUDING SUPPORTING ORGANIZATIONS. TIDES FOUNDATION WORKS WITH THESE ORGANIZATIONS TO INCREASE THEIR ABILITY TO PROVIDE FINANCIAL AND PROGRAMMATIC SUPPORT IN AREAS CONSISTENT WITH TIDES FOUNDATION'S MISSION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sid Espinosa Director /chair | OfficerTrustee | 2 | $0 |
Holden Lee Treasurer & CFO - Start 8/2021 | Officer | 15 | $0 |
Suneela Jain Secretary/chief Legalðics Officer | Officer | 15 | $0 |
Jennifer Marie Landig Asst Secretary | Officer | 15 | $0 |
Janiece Evans-Page CEO | Officer | 15 | $0 |
Judith Hill Treasurer & CFO Thru 8/2021 | Officer | 15 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Policylink Consulting | 12/30/20 | $824,628 |
Julie Dorf Consulting | 12/30/20 | $120,000 |
Civitas Public Affairs Group Consulting | 12/30/20 | $103,991 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $9,975,896 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $810,805,906 |
| Noncash contributions included in lines 1a–1f | $137,200,968 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $820,781,802 |
| Total Program Service Revenue | $2,108,308 |
| Investment income | $12,111,434 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $28,479,965 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $863,481,509 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $483,678,391 |
| Grants and other assistance to domestic individuals. | $117,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $116,800,247 |
| 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 | $11,641 |
| Fees for services: Accounting | $4,725 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $574,781 |
| Fees for services: Other | $782,070 |
| Advertising and promotion | $0 |
| Office expenses | $1,064 |
| Information technology | $2,475 |
| Royalties | $0 |
| Occupancy | $4,139 |
| Travel | $12 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $325 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,651 |
| Insurance | $0 |
| All other expenses | $251,466 |
| Total functional expenses | $614,750,717 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $307,588,844 |
| Savings and temporary cash investments | $52,419,409 |
| Pledges and grants receivable | $24,467,253 |
| Accounts receivable, net | $2,869,778 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $13,396,171 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $723,206,424 |
| Investments—other securities | $98,395,552 |
| Investments—program-related | $9,867,020 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,232,210,451 |
| Accounts payable and accrued expenses | $3,183,444 |
| Grants payable | $72,640,808 |
| Deferred revenue | $38,933 |
| Tax-exempt bond liabilities | $0 |
| 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 | $10,391,793 |
| Total liabilities | $86,254,978 |
| Net assets without donor restrictions | $1,145,955,473 |
| 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 | $1,232,210,451 |
Grants Awarded
Over the last fiscal year, Tides Foundation has awarded $481,705,631 in support to 2,060 organizations.
| Grant Recipient | Amount |
|---|---|
Bethesda, MD PURPOSE: HEALTHY INDIVIDUALS AND COMMUNITIES | $31,926,754 |
Brooklyn, NY PURPOSE: EQUITY, HUMAN RIGHTS, AND ECONOMIC EMPOWERMENT | $16,425,591 |
San Francisco, CA PURPOSE: HEALTHY INDIVIDUALS AND COMMUNITIES | $15,705,301 |
Washington, DC PURPOSE: SUSTAINABLE ENVIRONMENT | $10,725,000 |
Columbus, OH PURPOSE: EQUITY, HUMAN RIGHTS, AND ECONOMIC EMPOWERMENT | $10,050,000 |
Washington, DC PURPOSE: QUALITY EDUCATION | $10,000,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Tides Foundation has recieved totaling $115,000.
| Awarding Organization | Amount |
|---|---|
Frances Lear Foundation Harrison, NY PURPOSE: MOVEMENT VOTER FUND | $100,000 |
Frances Lear Foundation Harrison, NY PURPOSE: GEORGIA EDUCATION FUND AT MOVEMENT VOTER FUND | $15,000 |
Endowment Analysis
| Beg. Balance | $75,239,295 |
| Earnings | $13,126,476 |
| Admin Expense | $329,417 |
| Net Contributions | $24,093,049 |
| Ending Balance | $112,129,403 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Tides Foundation San Francisco, CA | $1,232,210,451 | $863,481,509 |
San Francisco Foundation San Francisco, CA | $1,529,601,920 | $341,484,551 |
The Clear Fund Oakland, CA | $165,963,654 | $206,158,416 |
United States Energy Foundation San Francisco, CA | $173,205,171 | $181,891,970 |
Fh Association Phoenix, AZ | $26,443,045 | $107,705,615 |
City Fund Beaverton, OR | $118,722,969 | $115,823,271 |
The Albertsons Companies Foundation Pleasanton, CA | $69,606,007 | $81,616,776 |
Second Harvest Of The Greater Valley Manteca, CA | $10,454,227 | $51,004,614 |
Community Initiatives Oakland, CA | $48,904,163 | $57,867,676 |
Tipping Point Community San Francisco, CA | $69,097,467 | $55,633,961 |
Dagmar Dolby Fund Novato, CA | $39,191,926 | $8,168,589 |
California Health Foundation And Trust Sacramento, CA | $115,138,512 | $36,749,563 |