Non-profit

Tides Two Rivers Fund

Tides logo (link)
Website:

www.tides.org

Location:

SAN FRANCISCO, CA

Tax ID:

20-1588459

Tax-Exempt Status:

501(c)(3)

Budget (2017):

Revenue: $1,491,827
Expenses: $1,271,799
Assets: $11,970,550

Formation:

2003 [8]

Type:
Part of:

Tides Nexus

Latest Tax Filing:

2018 Form 990

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 filing for 2018 is archived here.

References

  1. 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 ^
  2. California Secretary of State: Business Search. Search conducted April 29, 2020. https://businesssearch.sos.ca.gov/CBS/Detail ^
  3. 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 ^
  4. 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

    See PDF page 36. ^

  5. 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

    See PDF page 13. ^

  6. 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 ^
  7. 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 ^
  8. California Secretary of State: Business Search. Search conducted April 29, 2020. https://businesssearch.sos.ca.gov/CBS/Detail ^
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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 $1,491,827 $1,271,799 $11,970,550 $16,388,938 N $0 $1,443,776 $0 $0 PDF
    2016 Dec Form 990 $1,475,357 $1,301,423 $12,315,086 $17,034,218 N $0 $1,475,357 $0 $0 PDF
    2015 Dec Form 990 $1,451,114 $1,556,312 $12,778,068 $17,769,447 N $0 $1,451,114 $0 $0 PDF
    2014 Dec Form 990 $1,327,628 $1,642,111 $13,031,706 $17,948,244 N $0 $1,327,628 $0 $0 PDF
    2013 Dec Form 990 $1,319,746 $2,027,429 $13,335,166 $17,667,392 N $0 $1,319,710 $36 $0 PDF
    2012 Dec Form 990 $1,325,446 $1,628,737 $13,911,299 $17,535,842 N $0 $1,325,446 $0 $0 PDF
    2011 Dec Form 990 $1,194,879 $1,736,819 $14,206,643 $17,527,895 N $0 $1,194,879 $0 $0 PDF

    Additional Filings (PDFs)

    Tides Two Rivers Fund

    PO BOX 29198
    SAN FRANCISCO, CA 94129-0198