2015-10-02T16:28:59-05:00 2014-12-31 954557617 Harrington Group CPAs LLP 234 East Colorado Blvd Suite M150 Pasadena CA 91101 990 2014-01-01 237325853 Bay Area Council BAYA 4159816600 353 Sacramento Street 10th Floor San Francisco CA 94111 Jim Wunderman President/CEO 4159816600 2015-10-02 1 Tonetta L Conner CPA P01775198 6264036801 2014 2016-02-25 16:41:14Z Jim Wunderman 353 Sacramento Street 10th Floor San Francisco CA 94111 8366465 0 X www.bayareacouncil.org X 1945 CA Bay Area Council (BAC) are business leaders committed to working with public and civic leaders to make the Bay Area the most innovative, globally competitive, and sustainable region in the world. 122 122 38 122 0 0 2355900 3078656 1092839 1332370 341409 3129729 935563 74681 4725711 7615436 25000 425000 0 0 2994653 3335842 0 0 765545 1470936 1625768 4490589 5386610 235122 2228826 4383986 8130727 2562285 4087523 1821701 4043204 X Our Program Service Accomplishments include success within the policy and research framework for Bay Area Infrastructure, Water, Clean Tech and Energy, Cyber Security, Early Childood Education reform, K-12 Education reform, Healthcare reform, and our Global Trade Initiatives. Refer to our website for detailed accomplishments in each policy area. 0 0 2821056 425000 474064 Combined policy programs and projects to include Transportation Mobility; Cyber Security, Education reform; Healthcare reform and CEQA reform.Transportation & Mobility Mission - Provide business community leadership to bring about efficient mobility for people and goods in the Bay Area, supporting a strong economy and a high quality of life. Policy Research and the BAC Economic Institute Policy: Mission - The Bay Area Council Economic Institute commissions top quality research projects and provides polling on various subject matters. Research and investigative reports are compiled so that objective decisions can be made concerning policy formation. Research work is performed in each of the defined program areas to include transportation, water, clean tech, energy, education and health care. The Bay Area Family of Funds focuses on reducing poverty and encouraging smart growth in Bay Area low and moderate-income ("LMI") neighborhoods.Private InvestmentMission - Promote and manage double bottom line investment funds to encourage innovation and address systemic regional inequalities; promote international investment in the Bay Area, especially from Pacific Rim countries.The Bay Area Council has four funds that are being managed to insure double bottom line results. Funds include; Bay Area Equity Fund I; Bay Area Equity Fund II; Bay Area Smart Growth Fund I; Bay Area Smart Growth Fund II. 2821056 0 1 0 1 0 0 0 0 0 1 0 0 0 0 1 0 1 0 1 1 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 36 0 1 38 1 0 1 CH 0 0 1 1 0 0 0 0 0 X 122 122 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 CA X X Kenneth R Regalia 4159816600 353 Sacramento Street 10th Floor San Francisco CA 94111 Adam Blaylock Board Member 1.00 X 0 0 0 Alexander Mehran Board Member 1.00 1.00 X 0 0 0 Andrew Giacomini Board Member 1.00 1.00 X 0 0 0 Andrew Ball Board Member 1.00 X 0 0 0 Anne Bakar Board Member 1.00 X 0 0 0 Anthony Earley Jr Board Member 1.00 1.00 X 0 0 0 Ashik Ardeshna Board Member 1.00 X 0 0 0 Beau Goldie Board Member 1.00 X 0 0 0 Bernard Tyson Board Member 1.00 X 0 0 0 Bertram Lubin Board Member 1.00 X 0 0 0 Bruno Cohen Board Member 1.00 X 0 0 0 C David Cush Board Member 1.00 1.00 X 0 0 0 Camden McEfee Board Member 1.00 X 0 0 0 Christopher Lytle Board Member 1.00 X 0 0 0 Clinton Reilly Board Member 1.00 X 0 0 0 Daniel Skaff Board Member 1.00 X 0 0 0 Daniel Winey Board Member 1.00 X 0 0 0 Darlene Gee Board Member 1.00 X 0 0 0 David Radcliffe Board Member 1.00 X 0 0 0 David Estrada Board Member 1.00 X 0 0 0 Dean Fealk Board Member 1.00 X 0 0 0 Deborah Messemer Board Member 1.00 1.00 X 0 0 0 Dennis Rodriguez Board Member 1.00 X 0 0 0 Duncan Matteson Board Member 1.00 X 0 0 0 Elizabeth Wiecha Board Member 1.00 X 0 0 0 Elizabeth Davis Board Member 1.00 X 0 0 0 Garth Saloner Board Member 1.00 X 0 0 0 Gary Radine Board Member 1.00 X 0 0 0 George McCown Board Member 1.00 X 0 0 0 George Roberts Board Member 1.00 X 0 0 0 George Marcus Board Member 1.00 X 0 0 0 Glenn Shannon Board Member 1.00 X 0 0 0 Grace Crunican Board Member 1.00 X 0 0 0 Grace Davis Board Member 1.00 X 0 0 0 Gregg Alton JD Board Member 1.00 X 0 0 0 Gregory Johnson Board Member 1.00 X 0 0 0 Gregory Becker Board Member 1.00 X 0 0 0 Harlan Kelly Board Member 1.00 X 0 0 0 Harold Messmer Board Member 1.00 X 0 0 0 Henry Fore Board Member 1.00 X 0 0 0 J Michael Shepherd Board Member 1.00 X 0 0 0 James Bryski Board Member 1.00 X 0 0 0 James Wening Board Member 1.00 X 0 0 0 James Levine Board Member 1.00 X 0 0 0 Janet Lamkin Board Member 1.00 1.00 X 0 0 0 Janet Widmann Board Member 1.00 X 0 0 0 Jed York Board Member 1.00 1.00 X 0 0 0 Jeffrey Heller Board Member 1.00 X 0 0 0 Jeffrey Hoopes Board Member 1.00 X 0 0 0 Jes Pedersen Board Member 1.00 1.00 X 0 0 0 Jim Henry Board Member 1.00 1.00 X 0 0 0 Joerg Heidrich Board Member 1.00 X 0 0 0 John Del Santo Board Member 1.00 1.00 X 0 0 0 John Eddy Board Member 1.00 X 0 0 0 John De Luca Board Member 1.00 X 0 0 0 John Williams Board Member 1.00 1.00 X 0 0 0 John Martin Board Member 1.00 X 0 0 0 John Tortora Board Member 1.00 X 0 0 0 John Sobrato Board Member 1.00 X 0 0 0 Joseph Cook II Board Member 1.00 X 0 0 0 Kausik Rajgopal Board Member 1.00 1.00 X 0 0 0 Kenneth McNeely Board Member 1.00 1.00 X 0 0 0 Kevin Elliott Board Member 1.00 X 0 0 0 Kofi Bonner Board Member 1.00 X 0 0 0 Kristine Shine Board Member 1.00 X 0 0 0 Larry Sonsini Board Member 1.00 X 0 0 0 Laura Tyson Board Member 1.00 X 0 0 0 Laurence Baer Board Member 1.00 X 0 0 0 Laurie Nash Board Member 1.00 X 0 0 0 Leroy Morishita Board Member 1.00 X 0 0 0 Leslie Wong Board Member 1.00 X 0 0 0 Lloyd Dean Board Member 1.00 X 0 0 0 Loren Trefethen Board Member 1.00 X 0 0 0 Luke Kowalski Board Member 1.00 X 0 0 0 Maria Amundson Board Member 1.00 X 0 0 0 Maria Ayerdi-Kaplan Board Member 1.00 X 0 0 0 Mark Holman Board Member 1.00 X 0 0 0 Mark Whiteley Board Member 1.00 X 0 0 0 Mark Hansen Board Member 1.00 X 0 0 0 Mark Midkiff Board Member 1.00 X 0 0 0 Martin Kropelnicki Board Member 1.00 X 0 0 0 Mary Huss Board Member 1.00 1.00 X 0 0 0 Michael Depatie Board Member 1.00 X 0 0 0 Michael Ghielmetti Board Member 1.00 X 0 0 0 Michael Covarrubias Board Member 1.00 X 0 0 0 Michael Righi Board Member 1.00 X 0 0 0 Mohammad Qayoumi Board Member 1.00 X 0 0 0 Monique Moyer Board Member 1.00 X 0 0 0 Nancy Olson Board Member 1.00 X 0 0 0 Napoleon Brandford III Board Member 1.00 X 0 0 0 Olga Perkovic Board Member 1.00 X 0 0 0 Ora Fisher Board Member 1.00 X 0 0 0 Paul Witkay Board Member 1.00 X 0 0 0 Paula Downey Board Member 1.00 X 0 0 0 Peg McAllister Board Member 1.00 X 0 0 0 Perry Pelos Board Member 1.00 1.00 X 0 0 0 Peter Bertrand Board Member 1.00 X 0 0 0 Phillip Dupuis Board Member 1.00 X 0 0 0 R Clark Morrison Board Member 1.00 X 0 0 0 Raymond Cardozo Board Member 1.00 X 0 0 0 Rebecca Macieira-Kaufmann Board Member 1.00 X 0 0 0 Richard Henry Board Member 1.00 X 0 0 0 Rick Welts Board Member 1.00 X 0 0 0 Robert Gain Jr Board Member 1.00 X 0 0 0 Robert Schmitt Board Member 1.00 X 0 0 0 Robert James Board Member 1.00 X 0 0 0 Robert Edwards Board Member 1.00 X 0 0 0 Rosemary Turner Board Member 1.00 X 0 0 0 Russell Preite Board Member 1.00 X 0 0 0 Shelley Berkley Board Member 1.00 X 0 0 0 Stanley Taylor Board Member 1.00 X 0 0 0 Stephen Mayer Board Member 1.00 X 0 0 0 Steven Schneider Board Member 1.00 X 0 0 0 Steven Currall Board Member 1.00 X 0 0 0 Teresa Briggs Board Member 1.00 1.00 X 0 0 0 Timothy Hoxie Board Member 1.00 X 0 0 0 Timothy Tosta Board Member 1.00 X 0 0 0 Tina D'Agostin Board Member 1.00 X 0 0 0 Todd Smith Board Member 1.00 X 0 0 0 Weili Dai Board Member 1.00 X 0 0 0 William Ruh Board Member 1.00 X 0 0 0 William Sharp Board Member 1.00 X 0 0 0 Jim Wunderman President and CEO 40.00 30.00 X 492045 0 0 Kenneth Regalia CFO 40.00 30.00 X 180789 0 0 Jim Tighe Advisor to CEO 40.00 10.00 X 129830 0 0 Sean Randolph Economic Institute President 40.00 40.00 X 177201 0 0 John Grubb Chief of Staff 40.00 40.00 X 233914 0 0 Del Christensen Chief of Global Initiative 70.00 X 214000 0 0 Rufus Jeffris VP Communication 40.00 20.00 X 135776 0 0 Bing Wei VP Global Initiative 40.00 X 127861 0 0 Linda Galliher VP Education 40.00 30.00 X 119554 0 0 Matt Regan VP Gov. Relations 40.00 30.00 X 133930 0 0 Tracey Grose VP Economic Institute 40.00 40.00 X 168561 0 0 2113461 0 0 11 0 1 0 0 2641400 375256 62000 2500 3078656 Program Service Fees 900099 1332370 1332370 1332370 3136335 3136335 6606 -6606 -6606 -6606 744423 375256 744423 0 Other income 900099 74681 74681 74681 7615436 0 0 4536780 X 425000 425000 672834 437342 100925 134567 1749736 774685 693494 281557 268958 182891 55851 30216 410271 265314 95759 49198 234043 159150 49149 25744 92607 92607 11073 11073 50000 50000 178688 177096 1592 64251 8540 47782 7929 172765 69156 82524 21085 142794 75829 32643 34322 30596 27513 3083 49207 44744 4463 47550 30169 9932 7449 37389 841 36548 Provision for bad debt 302471 299971 2500 Trade expense 195530 54230 70000 71300 Marketing commissions 123263 36000 87263 China enterprise and ex 74813 74813 52771 49494 3277 5386610 2821056 1800009 765545 1975316 1748376 1909 2604567 2148159 3476899 53328 95170 282290 170379 141878 111911 9803 63396 84001 4383986 8130727 2233885 3267720 328400 819803 2562285 4087523 X 1821701 4043204 1821701 4043204 4383986 8130727 2228826 -7324 0 X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 50000 Yes on Props 1 and 2 2355 Broadway Ste 407 Oakland CA 94612 25000 Committee for Reliable Transportation 465 California Street Ste 425 San Francisco CA 94104 12500 Better Transportation for Alameda County 1111 Broadway 24th Floor Oakland CA 94607 12500 0 0 0 2641400 Part I-A, Line 1 The Bay Area Council throu it's BAC Political Action Committee made a $50,000 contribution payment in support of 3 propositions. There are no BAC membership dues associated with BAC 501c4 lobbying activities. All lobbying is per se supported through the Bay Area Council Political Action Committee. 36851 3818 33033 245439 166561 78878 111911 X 8559301 -7324 206766 744424 943866 7615435 0 7615435 6337800 206766 744424 951190 5386610 0 5386610 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 2014 and 2013 financial years, BAC LLC had reported net loss of $4,124 in 2014 and no net loss for 2013. There was no Federal and State tax liabilities due for the years ended December 31, 2014 and 2013. 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. At December 31, 2014 and 2013, the WFOE accrued the equivalent of $25,000 USD and $34,903 USD for the estimated EIT and BIT tax liabilities, respectively. During 2014, the China Government tax authorities audited the WFOE for compliance and found no exceptions in recording our tax liability and subsequent payments associated with taxes due Part XI, Line 2d - Other Adjustments: Special events expenses 744,424. Net effect of consolidated audit Part XII, Line 2d - Other Adjustments: Special events expenses 744,424. Net effect of consolidated audit Shanghai China 1 2 Program Services to provide Economic Development in the Bay Area Region and China Service fees for BAC office in Yangpu, Hangzhou and Nanjing to suppport service contract Hangzhou, China 1 1 Program Services to provide Economic Development in the Bay Area Region and China Service fees for BAC office in Yangpu, Hangzhou and Nanjing to suppport service contract Nanjing, China 1 1 Program Services to provide Economic Development in the Bay Area Region and China Program Services to provide Economic Development in the Bay Area Region and China 942075 3 4 0 0 3 4 942075 0 942075 0 0 1 0 0 0 Part I, line 3: Method used to account for expenditures is determined by actual value per U.S. tender. Outlook Conference 494368 203044 291324 100350 53461 137513 Annual Dinner 576950 155325 421625 129808 117983 173834 1 48361 16887 31474 31474 1119679 375256 744423 230158 171444 342821 744423 0 1 Bay Area Council Foundation 201 California Street Ste 1450 San Francisco CA 94111 201826827 501(c)3 425000 General assistance 1 Schedule I The Bay Area Council does not contribute or award grants to outside parties. The Bay Area Council Foundation (related organization) , a 501(c)3 organization, however, does receive grants for specific program work. This information is disclosed in the Bay Area Council Foundation 990 tax return filing. X X X 0 0 0 1 0 0 0 0 0 Jim Wunderman President and CEO 417045 0 75000 0 0 0 0 0 0 0 492045 0 0 0 Kenneth Regalia CFO 150789 0 30000 0 0 0 0 0 0 0 180789 0 0 0 Sean Randolph Economic Institute President 161501 0 15700 0 0 0 0 0 0 0 177201 0 0 0 John Grubb Chief of Staff 183914 0 50000 0 0 0 0 0 0 0 233914 0 0 0 Del Christensen Chief of Global Initiative 146119 0 67881 0 0 0 0 0 0 0 214000 0 0 0 Tracey Grose VP Economic Institute 156561 0 12000 0 0 0 0 0 0 0 168561 0 0 0 Part I, Line 5 One of our highly compensated employees is paid commission on new memberships. Schedule J - Expense reporting The Bay Area Council has a written policy regarding expense report submission and reimbursement policy. None of the questions identified in 1.a above apply to the Council. All expenses must be supported by evidence of the type of expense, business purpose and receipts. Business trip travel requiring overnight stays require pre-aproval. The Bay Area Council compensation policies and procedures for determining compensation are outlined in our Employee Policy Manual. Evaluations and approvals are secured for all staff members including the CEO and other officers. Approval is required. Regarding BAC employer contribution for health benefits. BAC provides uniform employer contributions for those individuals electing various health benefit coverage. The employer benefit may vary between employees because the employer contribution is depending upon whether an employee elects only for him or herself; for him/or her plus spouse; or full family coverage. Others may waive benefits because they are covered elsewhere in which case the employer contribution is less that what BAC provides or is zero if coverages are fully waived. Form 990, Part VI, Section A, line 6 Bay Area Council is a business membership organization. Major companies join the Bay Area Council as members. Form 990, Part VI, Section A, line 7a The Bay Area Council Executive Committee may elect a member to the Committee and Board Members. Form 990, Part VI, Section A, line 7b The Executive committee of the Board officially meets 4 times during each calendar year or as necessary to approve decisions based upon delegations of authority outlined in the by laws. Should decisions require Board approval, these are voted upon by the entire board during the Annual meeting. Form 990, Part VI, Section B, line 11 The audited financial statements and tax returns are conducted and prepared by an independent CPA audit firm. The genesis of information presented on the 990 tax returns includes all of the audited figures. Copies of the tax return are made available to Board members and the Finance Committee. We submit the 990 tax return for posting to Guide Star so that organization's activities are transparent to the public at large. Form 990, Part VI, Section B, line 12c The CEO and CFO has responsibility for monitoring and compliance with our policies. These policies are codified in our employee handbook, acknowledged by each board and staff member and also reviewed for compliance with current laws and regulations by outside legal council. The independent accountants also test for compliance in performing their independent financial audit at year end. Form 990, Part VI, Section B, line 15 The process for determining compensation for the CEO, CFO and key employees is benchmarking against comparability data with approval by the Board Chairman. We also have oversight by the Finance Committee of the Executive Committee Board The BAC uses salary survey information provided by Opportunity Knocks as well as benchmarking the staff salaries with other similar 501(c)4 organizations of similar size and financial results. Form 990, Part VI, Section C, line 19 The organization make its governing documents, conflicts of interest policy, and financial statements available to the public upon request and is available in another organization's website. Form 990, Part IX, Line 11d - Lobbying expense The Bay Area Council, thru it's BAC Political Action Commmittee (PAC) made a $50,000 contribution payments in support of 3 political propositions. The PAC's financial are included in this consolidated return. There are no BAC membership dues associated with BAC 501c4 lobbying activities. All lobbying is per se supported through the Bay Area Council Political Action Committee. Bay Area Council LLC 201 California Street Suite 1450 San Francisco CA 94111 270819073 Pass thru organization for China WOFE- to further global initiatives CA Bay Area Council 501(c)4 Bay Area Council Foundation 201 California Street Suite 1450 San Francisco CA 94111 201826827 Charitable Foundation CA 501(c)3 Line 7 Bay Area Council 501(c)4 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 Bay Area Council Foundation N 290132 FMV Bay Area Council Foundation O 1360377 FMV Bay Area Council LLC N 76200 FMV Bay Area Council LLC O 357254 FMV Bay Area Council Foundation B 425000 FMV