Non-profit

Harding Rock Fund

Website:

www.tides.org

Location:

SAN FRANCISCO, CA

Tax ID:

20-1430532

Tax-Exempt Status:

501(c)(3)

Budget (2017):

Revenue: $-168,304
Expenses: $21,691
Assets: $589,297

Formation:

2004

Type:

Investment Holding Nonprofit

Part of:

Tides Nexus

Latest Tax Filing:

2018 Form 990

President:

Max Pike

For more information, see Tides Nexus

The Harding Rock Fund is an investment holding nonprofit within the Tides Nexus, a collection of center-left pass-through funding and fiscal sponsorship nonprofits.

Relationship to the Tides Nexus

Also see Tides Nexus

The Harding Rock Fund is a 501(c)(3) nonprofit formed in 2004 in San Francisco, California. [1] The Fund is directly controlled by the Tides Foundation, the system’s largest grantmaking entity; consequently, the Harding Rock Fund describes its mission as “support[ing] the Tides Foundation,” and according to its tax filings its directors are appointed by the Tides Foundation. [2] [3]

The Fund further describes its mission as the following: [4]

Harding Rock Fund is formed for the purpose of supporting the Tides Foundation by holding and managing assets for the [Tides] Foundation and making grants from the income of such assets[.] During 2018, there were no grants made[.]

Leadership

According to its 2018 IRS Form 990, the Harding Rock Fund’s board of directors includes the following individuals: [5]

  • Max Pike: President
  • Lawrence Litvak (board secretary, treasurer)
  • P. William Parish

The Harding Rock Fund is an investment holding nonprofit within the Tides Nexus, a collection of left-of-center pass-through funding and fiscal sponsorship nonprofits. The Fund is controlled by the Tides Foundation, the system’s largest grantmaking entity; the Harding Rock Fund describes its mission as “support[ing] the Tides Foundation.” [6]

Structure

The Fund does not have any compensated employees, and the organization does not have any “members” by definition of its bylaws. [7] A majority of the directors and their successors are appointed by the Tides Foundation, which controls the Fund. [8] As such, the Fund’s Articles of Incorporation and numerous sections of the bylaws may only be amended with the Foundation’s approval. [9]

The following related tax-exempt organizations are identified In the Fund’s 2018 tax return: Tides Foundation, Tides Network, Tides Center, Tides Inc., Tides Two Rivers Fund. [10] The Fund’s tax return also identifies the following officers: Max Pike (President); Lawrence Litvak (Secretary, Treasurer, Director); P. William Parish (Director). [11]

Finances

According to the organization’s tax return, in 2018 the Fund’s total annual revenue ($169,693)[12] was comprised of only the following two sources: unrelated business income from passthroughs ($164,893)[13] and tax refunds ($4,800). [14] The Fund’s assets totaled $707,028 in 2018[15] and were made up by the following: investment in S-Corporation ($642,381)[16] and non-interest-bearing cash ($64,647). Accounts payable and accrued expenses, which composed the entirety of the Fund’s liabilities, totaled only $5,828 for the year 2018. [17]

References

  1. California Secretary of State: Business Search. Search conducted April 29, 2020. https://businesssearch.sos.ca.gov/CBS/Detail ^
  2. Return of Organization Exempt from Income Tax (Form 990). Tides Network. 2018. Schedule R (Related Organization). Archived: https://www.influencewatch.org/app/uploads/2020/04/Tides-Network-2018-Form-990.pdf ^
  3. Return of Organization Exempt from Income Tax (Form 990). Tides Network. 2018. Part I. Line 1 (organization’s mission). Archived: https://www.influencewatch.org/app/uploads/2020/04/Tides-Network-2018-Form-990.pdf ^
  4. Return of Organization Exempt from Income Tax (Form 990). Tides Network. 2018. Part III: Line 4a (Additional Data). Archived: https://www.influencewatch.org/app/uploads/2020/04/Tides-Network-2018-Form-990.pdf ^
  5. Return of Organization Exempt from Income Tax (Form 990). Tides Network. 2018. Part VII (Compensation of Officers, Directors, etc.) Archived: https://www.influencewatch.org/app/uploads/2020/04/Tides-Network-2018-Form-990.pdf ^
  6. Harding Rock Fund, Return of Organization Exempt from Income Tax (Form 990), 2018, Part 3, Line 1. ^
  7. Harding Rock Fund, Return of Organization Exempt from Income Tax (Form 990), 2018, Schedule O. ^
  8. Harding Rock Fund, Return of Organization Exempt from Income Tax (Form 990), 2018, Schedule O. ^
  9. Harding Rock Fund, Return of Organization Exempt from Income Tax (Form 990), 2018, Schedule O. ^
  10. Harding Rock Fund, Return of Organization Exempt from Income Tax (Form 990), 2018, Schedule R, Part II. ^
  11. Harding Rock Fund, Return of Organization Exempt from Income Tax (Form 990), 2018, Part VII, Section A. ^
  12. Harding Rock Fund, Return of Organization Exempt from Income Tax (Form 990), 2018, Part VII, Line 12. ^
  13. Harding Rock Fund, Return of Organization Exempt from Income Tax (Form 990), 2018, Part VII, Line 11a. ^
  14. Harding Rock Fund, Return of Organization Exempt from Income Tax (Form 990), 2018, Part VII, Line 11b. ^
  15. Harding Rock Fund, Return of Organization Exempt from Income Tax (Form 990), 2018, Part X, Line 16. ^
  16. Harding Rock Fund, Return of Organization Exempt from Income Tax (Form 990), 2018, Schedule D, Part VIII, Line 3a. ^
  17. Harding Rock Fund, Return of Organization Exempt from Income Tax (Form 990), 2018,, Part X, Line 17 ^
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Nonprofit Information

  • Accounting Period: December - November
  • Tax Exemption Received: October 1, 2004

  • Available Filings

    Period Form Type Total revenue Total functional expenses Total assets (EOY) Total liabilities (EOY) Unrelated business income? Total contributions Program service revenue Investment income Comp. of current officers, directors, etc. Form 990
    2017 Dec Form 990 $-168,304 $21,691 $589,297 $645 N $0 $0 $0 $0 PDF
    2016 Dec Form 990 $-94,156 $47,490 $629,121 $0 N $0 $0 $0 $0
    2015 Dec Form 990 $91,184 $25,549 $1,040,817 $0 Y $0 $0 $0 $0 PDF
    2014 Dec Form 990 $88,163 $15,712 $1,251,437 $0 Y $0 $0 $0 $0 PDF
    2013 Dec Form 990 $-22,222 $15,471 $1,398,579 $3,543 Y $0 $0 $0 $0 PDF
    2012 Dec Form 990 $43,156 $23,184 $1,213,088 $0 Y $0 $0 $0 $0 PDF
    2011 Dec Form 990 $28,164 $23,230 $1,440,319 $0 Y $0 $0 $0 $0 PDF

    Additional Filings (PDFs)

    Harding Rock Fund

    PO BOX 29903
    SAN FRANCISCO, CA 94129-0903