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

According to its 2022 990 form, the Tides Two Rivers Fund’s board of directors included the following individuals: ⁶

• Janice Evans-Page (Board Chair): Tides CEO
• Holden Lee (Treasurer)
• Suneela Jain (Board Secretary)
• David Schrayer
• Jennifer Marie Landig (through 4/2022)

Funding

Financial Overview

According to its 2022 990 form, the Tides Two Rivers Fund reported a revenue of $1,171,906, expenses at $811,884, and total assets of $9,611,410. ⁷

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. ⁸

Financial Documents

Tides Two Rivers’ IRS Form 990 filings are below:

• 2022 Form 990
• 2021 Form 990
• 2020 Form 990
• 2019 Form 990
• 2018 Form 990

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. 2022. Part VII (Compensation of Officers, Directors, etc.). https://projects.propublica.org/nonprofits/organizations/201588459/202430469349300503/full
7. Return of Organization Exempt from Income Tax (Form 990). Tides Network. 2022. Part I. https://projects.propublica.org/nonprofits/organizations/201588459/202430469349300503/full
8. 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