Tides Center

“Tides center has one sole member, tides network, a california nonprofit public benefit corporation.”

“Each of the directors of tides center shall be appointed by the organization's sole member, tides network.”

“Action by the board of directors of the tides center on the following matters shall be effective only with the consent of the board of directors or executive committee of tides network, the organization's sole member: (i) any change in the fundamental nature or stated purposes for which tides center is organized, (ii) the adoption of the strategic plans for tides center, (iii) the adoption of the annual capital and operating budgets for tides center, (iv) borrowing money for capital or operating needs of tides center or cumulative borrowing in excess of $100,000 for any purpose, (v) entering into any transaction in any transaction involving aggregate consideration of $1,000,000 or more, (vi) purchase, sale, lease, mortgage, disposition, or hypothecation of real property of tides center in any transaction involving aggregate consideration of $1,000,000 or more, (vii) merger, consolidation, or similar reorganization of the corporate structure, or dissolution, of tides center, (viii) selection of the chief executive officer and the auditors of the tides center, and (ix) amendment, repeal, or adoption of the articles of incorporation or bylaws.”

“The form 990 is prepared by an independent tax accountant in conjunction with the organization's finance and accounting department. The treasurer/cfo reviews a draft of the form 990; adjustments are made as necessary. A complete copy of the form 990 is then provided to the members of the board of directors prior to filing with the internal revenue service.”

“All covered individuals, which includes members of the board of directors, officers, and key employees, are required to submit conflict of interest disclosure statements to the organization's cfo: (i) upon the occurrence of an event by which a person becomes a covered individual, (ii) annually by july 31st of each year, and (iii) upon occurrence of any event requiring disclosure under the conflict of interest policy. At any time that an actual or potential conflict of interest has been identified, the chief executive officer and the chief financial officer review the circumstances to determine whether an actual or potential conflict of interest requires disclosure to the board of directors. In addition, the cfo confers with each affiliated entity to determine whether other conflicts have arisen in connection with the disclosed matter. If either the chief executive officer or the chief financial officer is the interested person, the other shall make the determination; if both are interested persons, the disclosure shall be provided to all of the disinterested members of the board of directors. Prior to acting on any business transaction where a conflict of interest exists, the board of directors must authorize or approve the transaction in good faith by a vote of a majority of the directors then in office without counting the vote of the interested person(s).”

“The ceo, officers, and key employees of the organization are all compensated by tides network, a related organization and such persons' legal employer. Through a cost sharing arrangement, the tides center pays tides network an allocated portion of such persons' total compensation. As such, form 990, part vi, section b, lines 15a and 15b have been marked "no", as provided by the form 990 instructions. Please reference the disclosure in schedule o of the tides network form 990 for a discussion regarding how compensation is determined for these individuals.”

“The organization's governing documents, conflict of interest policy, and financial statements are available to the pubic upon request.”

“Communications: program service expenses 1,230,918. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,230,918. Project consultants: program service expenses 2,699,569. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,699,569. Professional services: program service expenses 7,636,593. Management and general expenses 0. Fundraising expenses 0. Total expenses 7,636,593. Other fees for services for projects: program service expenses 15,977,283. Management and general expenses 0. Fundraising expenses 0. Total expenses 15,977,283.”

“Reversal of prior year contributions -230,087.”