Return of Organization Exempt from Income Tax 2011
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OMB No 1545-0047 Form 990 Return of Organization Exempt From Income Tax 2011 Under section 501(c), 527, or 4947(aXl) of the Internal Revenue Code (except black lung benefit trust or private foundation) Open to Public Department of eServcery Inspection internal Revenue ► The organization may have to use a copy of this return to satisfy state reporting requirements A For the 2011 calendar year, or tax year beginning , 2011 , and ending B Check if applicable C D Employer Identification Number Address change Tides Foundation 51-0198509 Name change Box 29903 E Telephone number San Francisco, CA 94129-0903 Initial return 415-561-6400 Terminated X Amended return G Gross receipts $ 15 9, 7 7 4 , 10 3 . Application pending F Name and address of principal officer Melissa Bradley H(a) Is this a group return for affiliates' Yes No H(b) Are all affiliates included Same As C Above Yes NNO If No. attach a list (see instructions) I Tax-exempt status X 501(c)(3) 501(c) ( ) (Insert no ) 4947(a)(1) or 527 J Website : ► www.tides.or g H(c) Group exemption number " K Form of organization X Corporation Trust Association Other L Year of Formation 1976 M State of legal domicile CA Part I Summa 1 Briefly descri be the organization's mission or most significant activities: -------------Tides Foundation' s_primary_exeMt - - - 0) ,p1jrpQ.5 is_g]:ant1raking_ _ We Smgf^wer individuals ^n inst`i ui.ionc to UL e- money_ _ _ _ -el ficiently..and-effe^tive1y-19uarsis- -P95-i-iYe_ sa iaIsbazige------------------- F d --------- -------- 2 Check this box ► tf the oraanlzatlon dlsconhnued Its nnerahons or dlsoosed of more than 25% of its net assets a 3 Number of voting members of the governing body (Part VI, line la) 3 6 4 Number of independent voting members of the governing body (Part VI, line lb) 4 6 5 Total number of individuals employed in calendar year 2011 (Part V, line 2a) 5 43 P 6 Total number of volunteers (estimate if necessary) 6 0 a 7a Total unrelated business revenue from Part VIII, column (C), line 12 7a 166, 276. b Net unrelated business taxable income from Form 990-T, line 34 7b -201,567. Prior Year Current Year 8 Contributions and grants (Part VIII, line 1h) 126 111, 188. 9 0, 793, 184. 9 Program service revenue (Part VIII, line 2g) 667, 608. 663, 675. 10 Investment Income (Part VIII, column (A), lines 3, 4, and 7d) 6, 086, 077. 5,144,334. xr1 11 Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and l le) 31,614. -126,246. -4 12 Total revenue - add lines 8 through 11 (must equal Part VIII, column (A) , line 12) 132, 896, 487. 96,474,947. 13 13 Grants and similar amounts paid (Part IX, column (A), lines 1-3) 144, 633, 682. 95,948,974. Z 14 Benefits paid to or for members (Part IX, column (A), line 4) 15 Salaries, other compensation, employee benefits (Part IX, column (A), lines 5-10) 3, 359, 178. 2,831,770. 16a Professional fundraising fees (Part IX, column (A), line lie) b Total fundraising expenses (Part IX, column (D), line 25) ► 174,736. 17 Other expenses (Part IX, column (A), lines 1la-11d, 1 lf-24e) 9, 159, 841. 7, 183, 709. 18 Total expenses Add lines 13-17 (must equal Part IX, column A Ilne 25 157, 152, 701. 105, 964, 453. 19 Revenue less ex penses Subtract line 18 from line 12 D E: P' 17. 1 d p a -24,256,214. -9,489,506. b 8 ° °1" ' eginning of Current Year End of Year 10 20 Total assets (Part X, line 16) 169, 615, 992. 156, 657, 142 . I 21 Total liabilities (Part X, line 26) 1-Fo AUG i 3 2Ol 15, 844, 464. 14, 227, 493. sr Q Z, 22 Net assets or fund balances Subtract line 21 from line 2 L-- C 153, 771, 528 - 142, 429 649. Part II = 1 Signature Block I V^L^t=ld, U I Under penalties of penury, I declare thl h exa s return, including accompanying schedules and statements , and to the best of my knowledge and belief, it is true , correct, and complete Declaration of preparer (other th9yoffc is based on all informalio hich preparer has any knowledge fCD /1Z Sign Signature Here ► a ki Type or print name and title Print/Type preparer 's name Pr r Paid Carol Duffield Carol Duffie Preparer Firm's name ► Fontanello, Duffield & Ot Use Only Firm'saddress ► 44 Montgomery Street, Sui San Francisco, CA 94104 May the IRS discuss this return with the preparer shown above? (see BAA For Paperwork Reduction Act Notice, see the separate Form 990 (2011 ) Tides Foundation 51-0198509 Page 2 -Part III Statement of Program Service Accomplishments Check if Schedule 0 contains a response to any question in this Part III IX-1 V 1 Briefly describe the organization ' s mission: See Schedule -----------------------------------------------------------------0 ----------------------------------------------------------------- ----------------------------------------------------------------- Did the organization undertake any significant program services during the year which were not listed on the prior Form 990 or 990 -EZ? Yes No If 'Yes,' describe these new services on Schedule 0 Did the organization cease conducting , or make significant changes in how it conducts, any program services ' El Yes XJ No If 'Yes,' describe these changes on Schedule 0 Describe the organization's program service accomplishments for each of its three largest program services, as measured by expenses. Section 501 (c)(3) and 501(c)(4) organizations and section 4947(a)(1) trusts are required to report the amount of grants and allocations to others, the total expenses , and revenue , if any, for each program service reported 4a (Code : ) (Expenses $ 101, 435, 981 . including grants of $ 95, 948, 974 . ) (Revenue $ ) Tides- Foundation makes grants. for charitable purposes. The core activity is_ _ _ _ _ _ ----- --------- - _- - --------- operating donor advised , collective action, and other grantmaking funds. Tides -------------- - ---------- Foundation distributes the funds it receives from individuals and institutions, and ndati---------- -u ------------------------------------------ yrants-are -awarded _toe e domestic and Qualified foreign_charitable _______ organizations for philanthropic _RurELoses ._ - Tides Foundation also provides - ---------------- ------------ .ph_anthropic _ support and creates_ opportunities _f_or__1_ea_r_n_inc,_and building_communit^- among donors and grantees . Our areas of focus are education, environment ande^uity --- -- ----- ----------------------------- ------------ - een by _our_support as_s _in the areas ------------------------------of health services and reform , civil rights and liberties ,-international develooment and relief services , environment , media,. HIV/AIDS_,_ human rights L and youth development and or^c anizinc^._ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ - - - - - - - - - - - - -- - en ---- ----------------------------------------------------------------- 4b (Code : '=r: 4<= ) (Expenses $ 450, 890 . including grants of $ ) (Revenue $ 663, 675. Tides Foundation also provides administrative and support services to other nogLrofit ----------------- ------------------- --------------- organizations-including supEorting_organizations.- Foundation with _ - - ----------- -- -----------------------------Tides works- -these organizations-to increase-their ability to_rovide_financial and upport. - - ---------------------- -- ---------- programmatic-s-- -- in areas consistent with Tides Foundation's ---------------------------------------------------------------mission. ----------------------------------------------------------------- ----------------------------------------------------------------- ----------------------------------------------------------------- ----------------------------------------------------------------- ----------------------------------------------------------------- ----------------------------------------------------------------- ----------------------------------------------------------------- 4c (Code: - ) (Expenses $ including grants of $ ) (Revenue $ ) ----------------------------------------------------------------- ----------------------------------------------------------------- ----------------------------------------------------------------- ----------------------------------------------------------------- ----------------------------------------------------------------- ----------------------------------------------------------------- ----------------------------------------------------------------- ----------------------------------------------------------------- ----------------------------------------------------------------- ----------------------------------------------------------------- ----------------------------------------------------------------- 4d Other program services (Describe in Schedule 0.) (Expenses $ including grants of $ ) (Revenue $ 4e Total program service expenses ► 101, 886, 871 . BAA TEEA0102L 07/05/11 Form 990 (2011) _ Form 990 11) Tides Foundation 51-0198509 Page 3 ^Part lA Checklist of Required Schedules YesI No 1 Is the organization described in section 501 (c)(3) or 4947 (a)(1) (other than a private foundation ) ? If 'Yes,' complete Schedule A 1 X 2 Is the organization required to complete Schedule B, Schedule of Contributors (see instructions)? 2 X 3 Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office ? If 'Yes,' complete Schedule C, Part 1 3 X 4 Section 501(cX3) organizations . Did the organization engage in lobbying activities , or have a section 501(h) election in effect during the tax year? If 'Yes,' complete Schedule C, Part 11 4 X 5 Is the organization a section 501(c)(4),