2019-11-14T12:38:20-06:00 2018-12-31 946214841 ARMANINO LLP 12657 ALCOSTA BLVD STE 500 SAN RAMON CA 945834600 990 2018-01-01 201826827 BAY AREA COUNCIL FOUNDATION BAYA 4159816600 353 SACRAMENTO STREET 10TH FLOOR SAN FRANCISCO CA 94111 JULIE ROWE CONTROLLER 4159816600 2019-11-13 1 MATTHEW PETROSKI P00853132 9257902600 2019-11-12 38.111.205.16 2019-11-13 18:58:44 PS P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 357F49518EA4443443AFD0947B5F893844E3CB09 2018 2020-03-31 21:24:44Z JULIE ROWE 353 SACRAMENTO STREET 10TH FLOOR SAN FRANCISCO CA 94111 2518596 0 X WWW.BAYAREACOUNCIL.ORG X 2004 CA THE BAY AREA COUNCIL FOUNDATION (BACF) IS A 501(C)(3) CHARITABLE ORGANIZATION FOUNDED IN 2004 TO FUND, MANAGE AND IMPLEMENT INITIATIVES THAT IMPACT THE ENTIRE BAY AREA REGION OF CALIFORNIA. THE MISSION OF BACF IS TO SUPPORT THE BAY AREA COUNCIL (BAC) AND INVEST PHILANTHROPIC RESOURCES TOWARD BUILDING STRONGER, MORE VIBRANT COMMUNITIES, A HEALTHY ECONOMY, AND A MORE INNOVATIVE, GLOBALLY COMPETITIVE AND SUSTAINABLE BAY AREA REGION. WE DO NOT MAKE GRANTS AND FUNCTION LARGELY AS AN OPERATING FOUNDATION. 15 15 0 15 0 0 1134572 2013638 776330 504958 0 0 1868 0 1912770 2518596 4000 3700 0 0 1480353 1555992 0 213103 213133 606925 562623 2091278 2335418 -178508 183178 3285032 7567873 3365040 7466298 -80008 101575 X OUR VISION OF A STRONGER, INNOVATIVE, GLOBALLY COMPETITIVE AND MORE VIBRANT REGION IS EMPOWERED BY OUR MISSION TO SUPPORT THE BAY AREA COUNCIL AND INVEST PHILANTHROPIC RESOURCES TOWARD BUILDING STRONGER MORE VIBRANT COMMUNITIES; A HEALTH ECONOMY AND A MORE INNOVATIVE AND GLOBALLY COMPETITIVE AND SUSTAINABLE BAY AREA. BACKED BY THE BAY AREA COUNCIL A 501(C)(4) ORGANIZATION WITH OVER 60 YEARS OF EXPERIENCE AND SUCESSFUL TRACK RECORD IN THE POLICY ARENA, WE PROVIDE A STRONG FRAMEWORK AND RESOURCE BASE FOR ADDRESSING THE INTERDEPENDENT FORCESTHAT GOVERN THE REGIONAL ECONOMY WITH AN EYE ON LOCAL, STATE, NATIONAL AND INTERNATIONAL FACTORS. THE FOUNDATION WORK CAN BE SUMMARIZED IN THREE KEY WORDS: RESEARCHING; EDUCATING; IMPLEMENTING. 0 0 1298993 0 504958 ECONOMIC INSTITUTE (EI)- VARIOUS SPECIFIC RESEARCH PROJECTS FOR WHICH ECONOMIC REPORTS AND ANALYSIS WERE PREPARED AND COMMUNICATED TO THE BUSINESS COMMUNITY AND BAC MEMBERS. THE EI REVENUE AND EXPENSE FIGURES REPRESENT THE AUDITED FINANCIALS FOR THE ECONOMIC INSTITUTE SEGMENT OF THE BAY AREA COUNCIL FOUNDATION BUSINESS. NOTE THERE ARE CONTRACTUAL TIMING DIFFERENCES RELATIVE TO REVENUE AND EXPENSES RECOGNITION WITH EACH SPECIFIC RESEARCH PROJECT THAT MAY STRADDLE THE 2017-2018 FINANCIAL YEAR. UPON COMPLETION, ALL PROJECT FINANCIALS REFLECT FAVORABLE RESULTS. 711601 3700 0 EDUCATION - WE BELIEVE IS ONE OF THE TOP COMPETITIVE FACTORS SHAPING THE BAY AREA. THEREFORE THE BACF HELPS DRIVE INITIAITIVES TO HELP RAISE CALIFORNIA STUDENT ACHIEVEMENT THROUGH DATA, TEACHER QUALITY. WE HAVE KEY INITIATIVES GEARED TOWARD IMPROVING THE OUTCOMES OF THE STATES P-12 EDUCATION SYSTEM. WE ALSO EXPLORE HOW TO INCREASE LOW-INCOME ACCESS TO EARLY CHILD CARE IN THE BAY AREA AND STATE. 2010594 1 1 0 0 0 0 0 0 0 0 1 0 0 1 0 1 0 1 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 12 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 15 15 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 CA X X JULIE ROWE CONTROLLER 4159816600 353 SACRAMENTO STREET 10TH FLOOR SAN FRANCISCO CA 94111 ANDREW GIACOMINI SECRETARY 1.00 1.00 X X 0 0 0 JAMES LEVINE BOARD MEMBER 1.00 1.00 X 0 0 0 JED YORK BOARD MEMBER 1.00 1.00 X 0 0 0 JIM HENRY BOARD MEMBER 1.00 1.00 X 0 0 0 JOHN DEL SANTO BOARD MEMBER 1.00 1.00 X 0 0 0 MARY HUSS BOARD MEMBER 1.00 1.00 X 0 0 0 MICHAEL COVARRUBIAS BOARD CHAIR 1.00 1.00 X X 0 0 0 TERESA BRIGGS TREASURER 1.00 1.00 X X 0 0 0 BERNARD TYSON BOARD MEMBER 1.00 1.00 X 0 0 0 ROB JAMES BOARD MEMBER 1.00 1.00 X 0 0 0 DAVE KAVEL BOARD MEMBER 1.00 1.00 X 0 0 0 CHRIS RIVIELLE BOARD MEMBER 1.00 1.00 X 0 0 0 IVAR SATERO BOARD MEMBER 1.00 1.00 X 0 0 0 GLENN SHANNON BOARD MEMBER 1.00 1.00 X 0 0 0 RANJANA CLARK BOARD MEMBER 1.00 1.00 X 0 0 0 JAMES WUNDERMAN PRESIDENT AND CEO 1.00 40.00 X 0 657546 153974 JOHN GRUBB COO 1.00 40.00 X 0 265475 40112 JEANINE HAWK CFO (THROUGH 12/2018) 1.00 40.00 X 0 214768 42691 0 1137789 236777 0 0 1 0 0 110000 1903638 2013638 ECON. INST. RESEARCH 900099 504958 504958 504958 2518596 504958 0 0 3700 3700 1272168 1197824 74344 123144 114347 8797 80911 74593 6318 79769 74190 5579 4410 4410 213103 213103 164381 164381 425 425 49246 44996 4250 28417 28417 28582 28582 28074 26923 1121 30 4976 4976 7388 2251 5137 CORPORATE OVERHEAD ALLO 225829 225829 EVENTS/DELEGATIONS/MTG 11455 10539 916 CASUAL LABOR 5400 5400 STAFFING TRAINING/HIRIN 3859 3221 638 181 181 2335418 2010594 111691 213133 774227 1783058 27602 42500 204594 247950 15139 10889 9500 9500 1056 0 2262414 5483476 3285032 7567873 52927 39932 3312113 7426366 3365040 7466298 X -80008 101575 -80008 101575 3285032 7567873 183178 -1595 0 X X 0 1 X 1 0 X 1589531 1108003 1016051 1910902 2013638 7638125 1589531 1108003 1016051 1910902 2013638 7638125 866935 6771190 32975 1407670 1868 1442513 9080638 4614799 0.74570 0.76440 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 9500 9500 0 0 DUE FROM RELATED ORGANIZATIONS 5483476 5483476 DUE TO RELATED ORGANIZATION 7426366 7426366 X PART X, LINE 2: BAY AREA COUNCIL INC. IS EXEMPT FROM TAXATION UNDER INTERNAL REVENUE CODE SECTION 501(C)(4) AND BACF IS EXEMPT AS A 501(C)(3). BAC LLC IS SUBJECT TO BOTH FEDERAL AND STATE TAXATION. FOR THE 2017 FINANCIAL YEAR, BAC LLC DID NOT GENERATE ANY INCOME. THERE WAS NO FEDERAL AND STATE TAX LIABILITIES DUE FOR THE YEARS ENDED DECEMBER 31, 2018. GENERALLY ACCEPTED ACCOUNTING PRINCIPLES PROVIDE ACCOUNTING AND DISCLOSURE GUIDANCE ABOUT POSITIONS TAKEN BY AN ORGANIZATION IN ITS TAX RETURNS THAT MIGHT BE UNCERTAIN. MANAGEMENT HAS CONSIDERED ITS TAX POSITIONS AND BELIEVES THAT ALL OF THE POSITIONS TAKEN BY BAC IN ITS FEDERAL AND STATE EXEMPT ORGANIZATION TAX RETURNS ARE MORE LIKELY THAN NOT TO BE SUSTAINED UPON EXAMINATION. BAC'S RETURNS ARE SUBJECT TO EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES, GENERALLY FOR THREE AND FOUR YEARS, RESPECTIVELY, AFTER THEY ARE FILED. THE CHINA WFOE IS SUBJECT TO CHINESE ENTERPRISE INCOME TAX ("EIT"), VALUE ADDED TAX (VAT) APPLIED TO CERTAIN DISTRICTS IN CHINA, AND BUSINESS INCOME TAX ("BIT") PRESCRIBED BY CHINESE TAX LAWS AND ORDINANCES. DURING 2018, THE CHINA GOVERNMENT TAX AUTHORITIES AUDITED THE WFOE FOR COMPLIANCE AND FOUND NO EXCEPTIONS IN RECORDING OF THE TAX LIABILITY AND SUBSEQUENT PAYMENTS ASSOCIATED WITH TAXES DUE. X X X X 1 LEADERSUP 830 TRACTION AVENUE 3A HUBLA LOS ANGELES CA 90013 SUPPORT GRANT WORK 0 0 50000 -50000 CORO NORTHERN CALIFORNIA 233 SANSOME STREET SUITE 400 SAN FRANCISCO CA 94104 SUPPORT GRANT WORK 0 0 9000 -9000 VIRIDIS LEARNING INC 3201 KITTOWA CV AUSTIN CA 78746 SUPPORT GRANT WORK 0 0 35000 -35000 CLAIRE CHIARA 3658 CHESTNUT STREET UNIT A LAFAYETTE CA 94549 SUPPORT GRANT WORK 0 0 12815 -12815 URBAN STRATEGIES COUNCIL 1720 BROADWAY 2ND FLOOR OAKLAND CA 94612 SUPPORT GRANT WORK 0 0 5000 -5000 THE C2 GROUP 560 5TH STREET NW SUITE 100 GRAND RAPIDS CA 49504 SUPPORT GRANT WORK 0 0 19974 -19974 UPWARDLY GLOBAL 582 MARKET STREET SUITE 1207 SAN FRANCISCO CA 94104 SUPPORT GRANT WORK 0 0 15431 -15431 WORK2FUTURE FOUNDATION 1601 FOXWORTHY AVENUE SAN JOSE CA 95118 SUPPORT GRANT WORK 0 0 19984 -19984 PIPER HR CONSULTING 1383 MASONIC AVENUE SAN FRANCISCO CA 94117 SUPPORT GRANT WORK 0 0 12000 -12000 BAY AREA COUNCIL ECONOMIC INSTITUTE 353 SACRAMENTO STREET 10TH FLOOR SAN FRANCISCO CA 94111 SUPPORT GRANT WORK 0 0 18000 -18000 197204 -197204 SCHEDULE G, PART I, LINE 2B, COLUMN (V) GRANT WORK 0 1 0 0 0 0 0 0 0 JAMES WUNDERMAN PRESIDENT AND CEO 0 513745 0 100000 0 43801 0 133000 0 20974 0 811520 0 0 JOHN GRUBB COO 0 217245 0 45000 0 3230 0 27506 0 12606 0 305587 0 0 JEANINE HAWK CFO (THROUGH 12/2018) 0 213393 0 0 0 1375 0 25019 0 17672 0 257459 0 0 PART I, LINE 4B THE CEO, PAID BY A RELATED ORGANIZATION, PARTICIPATED IN A NON-QUALIFIED RETIREMENT PLAN FOR AN AMOUNT OF $100,000. FORM 990, PART VI, SECTION B, LINE 11B OUR TAX RETURN IS REVIEWED AND PREPARED BY OUR INDEPENDENT CPA FIRM. THE PROGRAM ELEMENTS ARE PREPARED BY SENIOR MANAGEMENT TO INCLUDE THE CEO AND CFO. THE CPA FIRM ALSO PERFORMS THE INDEPENDENT FINANCIAL AUDIT AS REQUIRED BY THE BOARD OF DIRECTORS. FINANCIAL RESULTS AND PROGRAM FIGURES ARE INCLUDED HEREIN. FINANCIAL RESULTS ARE REPORTED TO THE EXECUTIVE COMMITTEE OF THE BOARD FOR THEIR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE FINANCE AND ADMINISTRATIVE DEPARTMENTS REGULARLY MONITOR FOR CONFLICTS OF INTEREST. OUR CONFLICT OF INTEREST POLICY IS INCLUDED IN OUR EMPLOYEE HR HANDBOOK. DIRECTORS, OFFICERS AND EMPLOYEES ARE REQUIRED TO SIGN A CONFLICT OF INTEREST STATEMENT. FORM 990, PART VI, SECTION B, LINE 15 THERE ARE NO EMPLOYEES OF THE BAY AREA COUNCIL FOUNDATION. ALL EMPLOYEES ARE PAID FROM THE THE BAY AREA COUNCIL 501(C)(4) AND TRANSFER PRICING METHODS ARE USED TO ALLOCATE TO THE RELATED BACF ENTITY. WE HAVE VARIOUS INDEPENDENT SOURCES FOR WHICH COMPENSATION IS DETERMINED AND SUBJECT TO REVIEW BY THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION WILL MAKE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED. BAY AREA COUNCIL 201 CALIFORNIA STREET SAN FRANCISCO CA 94111 237325853 SOCIAL WELFARE CA 501(C)(4) N/A 0 0 0 0 1 1 0 0 0 0 0 0 1 0 1 1 1 0 0 0