Tides

Legal name: Tides Network

Nonprofit profile at a glance

EIN
203395198
IRS 990 coverage
2014–2024
Official website data refreshed
Aug 2026
Forms available
Form 990 2024
Location
Los Angeles, CA, US
Phone
4155616400
Rating
70
Verdict
SUPPORTED
Rating confidence
Standard
Sector
Public Foundations

Official website

Reported finances

Revenue
$53,398,769
Expenses
$53,398,769
Assets
$12,588,083
Liabilities
$8,268,896

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

33 people listed

Executive titles in this filing

  • JANIECE EVANS-PAGE (DIRECTOR, CEO)
  • PETER T MARTIN (EXECUTIVE DIRECTOR TIDES FOUNDATION)
  • KEITH M SPEARS (VICE PRESIDENT, IMPACT INVESTING)

Highest reported compensation

  • JANIECE EVANS-PAGE (DIRECTOR, CEO): $861,260 total reported compensation
  • JAMES LUM (ASSISTANT TREASURER/CFO THRU 9/2024): $615,755 total reported compensation
  • DANIEL SHANNON (CHIEF PARTNERSHIPS OFFICER): $506,234 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Together with our partners, we advance social justice by shifting resources and power to historically excluded communities.

What it reported doing in 2024

Tides network (the "network") provides shared services and oversees the operations, appoints board members, and provides executive leadership and administrative support for the other tides organizations (tides center, tides foundation, tides, inc., and tides two rivers fund). The network's specific activities include setting mission and strategy with other tides entities, and supporting their financial leadership, risk management, communications, administration of human resources, as well as administration of information technology and other office systems.

Operating model

Revenue model
Earned-program. 99% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 99% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 50
  • Transparency & Controls: 84
  • Accountability: 92
  • Sustainability: 19
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 56.3%; rating input score 56
  • Program expense ratio: 56.3%; rating input score 56
  • Fundraising efficiency: $0.01 raised per $1 spent on fundraising; rating input score 0; 0th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 92.3%; rating input score 92; 12th percentile among comparable filings
  • Pay-setting controls: 3 of 6 controls in place; rating input score 50
    • Compensation committee: Missing
    • Independent consultant: Pass
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 95.1%; rating input score 95; 27th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Yes; rating input score 100

Accountability

  • Independent voting board: 94.7%; rating input score 95; 47th percentile among comparable filings
  • Governance controls: 8 of 9 controls in place; rating input score 89
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 0%; rating input score 29; 29th percentile among comparable filings
  • Total-asset coverage ratio: 0.24; rating input score 7; 7th percentile among comparable filings
  • Liabilities to assets ratio: 0.66; rating input score 24; 24th percentile among comparable filings
  • Officer compensation ratio: 9.7%; rating input score 3; 3rd percentile among comparable filings

Growth

  • Program expense growth: 4.5% per year; rating input score 100; 35th percentile among comparable filings
  • Revenue growth: 14.9% per year; rating input score 100; 89th percentile among comparable filings
  • Asset growth: 14% per year; rating input score 100; 84th percentile among comparable filings

Details

  • What they do: 3 programs and campaigns described on the official site · 1 operating location identified
  • Where the money goes: 56.3% of revenue deployed · 56.3% of spending went to programs
  • Governance: 18 of 19 board members independent · 8 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $30.1M in reported program spending
  • Leadership: top reported pay $861K · 33 people listed · 3 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $2.6M reported
  • Consistency: 33 of 34 current checks pass · 1 finding to review
  • Schedules: 7 filed schedules · includes major donors, grants, executive pay, and related organizations
  • Filing history: 10 filing years from 2014 to 2024
  • Contacts: How to reach this organization
  • Money network: 17 filed money-flow records
  • Related organizations: 7 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Financial Efficiency: Mission deployment rate scored 56/100.
  • Review — Financial Efficiency: Program expense ratio scored 56/100.
  • High — Financial Efficiency: Fundraising efficiency scored 0/100.
  • High — Sustainability: Operating margin scored 29/100.
  • High — Sustainability: Total-asset coverage ratio scored 7/100.
  • Review — Accountability: Governance controls: Form 990 shared with the board not reported.
  • High — Sustainability: Officer compensation ratio scored 3/100.
  • High — Sustainability: Liabilities to assets ratio scored 24/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.