For more information, see Tides Nexus
The Tides Two Rivers Fund is a supporting nonprofit to two other 501(c)(3) nonprofits in the Tides Nexus: the Tides Foundation and the Tides Center. The organization provides asset management and grantmaking services for its “sister” nonprofits, which directly control the Two Rivers Fund. 1
Relationship to the Tides Nexus
Also see Tides Nexus
The Tides Two Rivers Fund is a 501(c)(3) nonprofit formed in 2003 in San Francisco, California. 2 As a supporting nonprofit, the Two Rivers Fund is directly controlled by two other nonprofits in the Tides Nexus: the Tides Foundation, the system’s primary pass-through funder; the Tides Center, the system’s fiscal sponsorship nonprofit. 3 However, a separate nonprofit, the Tides Network, has the sole “power to appoint members of the governing body” of TTRF; the Tides Network has a similar arrangement with other nonprofits in the Tides Nexus. 4
According to its 2018 IRS Form 990 tax filing, the Two Rivers Fund describes its mission as the following: 5
Tides Two Rivers Fund (TTRF) serves its [tax] exempt function by operating multi-tenant nonprofit centers and providing value-added services to nonprofit 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 nonprofit center, called Tides Converge New York (formerly the Thoreau Center for Sustainability),which it continues to operate[.] This facility is aimed at preserving nonprofit tenancy in lower Manhattan, as well as creating stable, quality work space for organizations working for health communities[.]
Leadership
In 2018, the Tides Two Rivers Fund’s board of directors included the following individuals: 6
- Kriss Deiglmeier (board chair): then-Tides CEO (now replaced with interim CEO Tuti Scott)
- Judith Hill (board treasurer)
- Amanda Keton (board secretary)
- David Shrayer
- Kim Sarnecki (through October 2018)
- Jennifer Marie Landig
Funding
Financial Overview
In 2018, the Tides Two Rivers Fund reported total revenues of $1.5 million (all of which came from program service revenues), total expenditures of $1.4 million, and negative net assets of $4.4 million. 7
Financial Documents
Tides Two Rivers’ IRS Form 990 filings are below:
References
- Return of Organization Exempt from Income Tax (Form 990). Tides Two Rivers Fund. 2018. Part III (Statement of Program Service Accomplishments). Archived here: https://www.influencewatch.org/app/uploads/2020/04/Tides-Two-Rivers-Fund-2018-Form-990.pdf
- California Secretary of State: Business Search. Search conducted April 29, 2020. https://businesssearch.sos.ca.gov/CBS/Detail
- 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
- Return of Organization Exempt from Income Tax (Form 990). Tides Two Rivers Fund. 2018. Schedule O. Supplemental Information for Part VI: Section A: Line 6. Archived here: https://www.influencewatch.org/app/uploads/2020/04/Tides-Two-Rivers-Fund-2018-Form-990.pdf
- Return of Organization Exempt from Income Tax (Form 990). Tides Two Rivers Fund. 2018. Part III (Statement of Program Service Accomplishments). Line 4A (Additional Data) Archived here: https://www.influencewatch.org/app/uploads/2020/04/Tides-Two-Rivers-Fund-2018-Form-990.pdf
- 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
- Return of Organization Exempt from Income Tax (Form 990). Tides Two Rivers Fund. 2018. Part I. Lines 12, 18, 22. Archived here: https://www.influencewatch.org/app/uploads/2020/04/Tides-Two-Rivers-Fund-2018-Form-990.pdf