2018-11-15T16:17:33-06:00 2017-12-31 946214841 ARMANINO LLP 12657 ALCOSTA BLVD STE 500 SAN RAMON CA 945834600 990 2017-01-01 201826827 BAY AREA COUNCIL FOUNDATION BAYA 4159816600 353 SACRAMENTO STREET 10TH FLOOR SAN FRANCISCO CA 94111 JEANINE HAWK CFO 4159816600 2018-11-14 1 KATY BROWN P00650274 9257902600 2018-11-14 38.111.205.16 2018-11-14 20:09:10 PS P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 357F49518EA4443443AFD0947B5F893844E3CB09 2017 2019-02-21 02:37:17Z JEANINE HAWK 353 SACRAMENTO STREET 10TH FLOOR SAN FRANCISCO CA 94111 1912770 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 1034151 1134572 724528 776330 0 0 1409570 1868 3168249 1912770 0 4000 0 0 1244722 1480353 0 0 0 1723266 606925 2967988 2091278 200261 -178508 1475169 3285032 1376669 3365040 98500 -80008 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 501C4 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 1190500 776330 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 2016-2017 FINANCIAL YEAR. UPON COMPLETION, ALL PROJECT FINANCIALS REFLECT FAVORABLE RESULTS. 716389 4000 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. 1906889 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 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 BAY AREA COUNCIL FND - JEANINE HAWK 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 MEMBER 1.00 1.00 X 0 0 0 TERESA BRIGGS BOARD MEMBER 1.00 1.00 X 0 0 0 BERNARD TYSON CHARIMAN 1.00 1.00 X 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 585891 50474 JOHN GRUBB COO 1.00 40.00 X 0 251540 38107 JEANINE HAWK CFO 1.00 40.00 X 0 210362 38537 0 1047793 127118 0 0 1 0 0 955572 179000 1134572 ECON. INST. RESEARCH 900099 771830 771830 CONSULTING SERVICE FEE 900099 4500 4500 776330 EVENT REVENUE 900099 1868 1868 1868 1912770 776330 0 1868 X 4000 4000 1240734 1118911 121823 106184 93799 12385 66676 50402 16274 66759 57598 9161 4200 4200 275006 275006 23925 22731 1194 40727 38379 2348 56352 54281 2071 18129 15082 3047 2639 2639 5137 5137 CORPORATE OVERHEAD ALLO 156855 156855 OTHER EXPENSES 18804 16119 2685 EVENTS/DELEGATIONS/MTG 5151 3726 1425 2091278 1906889 184389 0 452896 774227 108745 161736 27602 205813 204594 13034 15139 9500 8444 3695 1056 529250 2262414 1475169 3285032 92124 52927 37268 0 1247277 3312113 1376669 3365040 X -68084 -80008 166584 0 98500 -80008 1475169 3285032 -178508 0 X X 0 1 X 1 0 X 2631644 1589531 1108003 1016051 1910902 8256131 2631644 1589531 1108003 1016051 1910902 8256131 842635 7413496 32975 1407670 1868 1442513 9698644 4512832 0.76440 0.87620 X 9500 8444 1056 1056 DUE FROM RELATED ORGANIZATIONS 2262414 2262414 DUE TO RELATED ORGANIZATION 3312113 3312113 X 1912770 0 1912770 0 1912770 2091278 0 2091278 0 2091278 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, 2017. 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 2017, 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. 0 0 0 1 0 0 0 0 0 JAMES WUNDERMAN PRESIDENT AND CEO 0 447851 0 100000 0 38040 0 32400 0 18074 0 636365 0 0 JOHN GRUBB COO 0 203113 0 45000 0 3427 0 25707 0 12400 0 289647 0 0 JEANINE HAWK CFO 0 193862 0 15000 0 1500 0 22518 0 16019 0 248899 0 0 PART I, LINE 5 ONE OF OUR HIGHLY COMPENSATED EMPLOYEES IS PAID COMMISSION ON NEW MEMBERSHIPS. 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 IX, LINE 11G CONSULTANTS: PROGRAM SERVICE EXPENSES 275,006. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 275,006. 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 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0