TY 2018 Form 990PF

- TIN:

Form990-PF
Click to see list of attachments

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
bullet

Go to www.irs.gov/Form990PF for instructions and the latest information.

OMB No. 1545-0052

2018

Open to Public Inspection

For calendar year 2018, or tax year beginning 01-01-2018 , and ending 12-31-2018

Name of foundation
Y & H Soda Foundation

Number and street (or P.O. box number if mail is not delivered to street address)1635 School Street
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
Moraga, CA94556

A Employer identification number

94-1611668

B Telephone number (see instructions)

(925) 631-1133

C If exemption application is pending, check here bullet

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address change Name change

D 1. Foreign organizations, check here............. bullet

2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... bullet

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... bullet

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) bullet

$119,430,723J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).)	(a) Revenue and expenses per books		(b) Net investment income	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	3,310,227		3,310,227
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		-4,202,568
b	Gross sales price for all assets on line 6a 9,791,584
7	Capital gain net income (from Part IV, line 2)...
8	Net short-term capital gain.........
9	Income modifications...........
10a	Gross sales less returns and allowances
b	Less: Cost of goods sold....
c	Gross profit or (loss) (attach schedule).....
11	Other income (attach schedule).......		76,015	12,500
12	Total. Add lines 1 through 11........	-816,326		3,322,727
13	Compensation of officers, directors, trustees, etc.	221,083			221,083
14	Other employee salaries and wages......	858,078		138,446	719,632
15	Pension plans, employee benefits.......	234,419		37,299	197,120
16a	Legal fees (attach schedule).........		966
b	Accounting fees (attach schedule).......		30,165		30,165
c	Other professional fees (attach schedule)....		998,215	985,212	13,003
17	Interest...............
18	Taxes (attach schedule) (see instructions)...		1,698		1,698
19	Depreciation (attach schedule) and depletion...		124,779
20	Occupancy..............	42,011			42,659
21	Travel, conferences, and meetings.......	15,824		4,652	11,004
22	Printing and publications..........	680			680
23	Other expenses (attach schedule).......		1,874,216	1,787,289	81,403
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	4,402,134		2,952,898	1,318,447
25	Contributions, gifts, grants paid.......	4,442,589			4,901,500
26	Total expenses and disbursements. Add lines 24 and 25	8,844,723		2,952,898	6,219,947
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-9,661,049
b	Net investment income (if negative, enter -0-)			369,829
c	Adjusted net income (if negative, enter -0-)...

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2018)

Form 990-PF (2018)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............	819,952	1,247,328	1,247,328
	2	Savings and temporary cash investments.........	16,525	48	48
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........	46,464	43,470	43,470
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule).......
	c	Investments—corporate bonds (attach schedule).......
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	132,372,008	115,167,603	115,167,603
	14	Land, buildings, and equipment: basis 3,268,983
		Less: accumulated depreciation (attach schedule) 1,546,709	1,832,977	1,722,274	1,722,274
	15	Other assets (describe )	1,250,000	1,250,000	1,250,000
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	136,337,926	119,430,723	119,430,723
	17	Accounts payable and accrued expenses..........	84,238	85,493
	18	Grants payable.................	717,000	258,089
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )	227,484	160,271
	23	Total liabilities (add lines 17 through 22).........	1,028,722	503,853
		Foundations that follow SFAS 117, check here
		and complete lines 24 through 26 and lines 30 and 31.
	24	Unrestricted..................	135,309,204	118,926,870
	25	Temporarily restricted...............
	26	Permanently restricted...............
		Foundations that do not follow SFAS 117, check here
		and complete lines 27 through 31.
	27	Capital stock, trust principal, or current funds........
	28	Paid-in or capital surplus, or land, bldg., and equipment fund
	29	Retained earnings, accumulated income, endowment, or other funds
	30	Total net assets or fund balances (see instructions).....	135,309,204	118,926,870
	31	Total liabilities and net assets/fund balances (see instructions).	136,337,926	119,430,723

Part III

Analysis of Changes in Net Assets or Fund Balances

Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree with end-of-year figure reported on prior year’s return) ...............

135,309,204

Enter amount from Part I, line 27a .....................

-9,661,049

Other increases not included in line 2 (itemize) bullet

Add lines 1, 2, and 3 ..........................

125,648,155

Decreases not included in line 2 (itemize) bullet

6,721,285

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .

118,926,870

Form 990-PF (2018)

Page 3

Part IV

Capital Gains and Losses for Tax on Investment Income

(a) List and describe the kind(s) of property sold (e.g., real estate, 2-story brick warehouse; or common stock, 200 shs. MLC Co.)		(b) How acquired P—Purchase D—Donation	(c) Date acquired (mo., day, yr.)	(d) Date sold (mo., day, yr.)
1 a	Sale of Publicly Traded Securites	P	2000-01-01	2018-12-31
b
c
d
e

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	9,791,584	13,994,152	-4,202,568
b
c
d
e

Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69			(l) Gains (Col. (h) gain minus col. (k), but not less than -0-) or Losses (from col.(h))
(i) F.M.V. as of 12/31/69	(j) Adjusted basis as of 12/31/69	(k) Excess of col. (i) over col. (j), if any
a			-4,202,568
b
c
d
e

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	-4,202,568
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 ...................		3

Part V

Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income

(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.

Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period? Yes No

If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.

1 Enter the appropriate amount in each column for each year; see instructions before making any entries.

(a) Base period years Calendar year (or tax year beginning in)	(b) Adjusted qualifying distributions	(c) Net value of noncharitable-use assets	(d) Distribution ratio (col. (b) divided by col. (c))
2017	6,457,148	128,726,236	0.05016
2016	5,905,446	125,380,441	0.04710
2015	6,349,022	127,591,942	0.04976
2014	6,604,925	128,852,741	0.05126
2013	6,379,497	127,663,263	0.04997

Total of line 1, column (d) .....................

0.248252

Average distribution ratio for the 5-year base period—divide the total on line 2 by 5.0, or by the number of years the foundation has been in existence if less than 5 years ......

0.049650

Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......

123,968,149

Multiply line 4 by line 3......................

6,155,019

Enter 1% of net investment income (1% of Part I, line 27b)...........

3,698

Add lines 5 and 6........................

6,158,717

Enter qualifying distributions from Part XII, line 4,.............

6,236,295

If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See the Part VI instructions.

Form 990-PF (2018)

Page 4

Part VI

Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Domestic foundations that meet the section 4940(e) requirements in Part V, check	1	3,698
	hereand enter 1% of Part I, line 27b...................
c	All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2
3	Add lines 1 and 2...........................	3	3,698
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	4
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	3,698
6	Credits/Payments:

a	2018 estimated tax payments and 2017 overpayment credited to 2018	6a	32,641
b	Exempt foreign organizations—tax withheld at source......	6b
c	Tax paid with application for extension of time to file (Form 8868)...	6c
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	32,641
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	28,943
11	Enter the amount of line 10 to be: Credited to 2019 estimated tax28,943	Refunded	11

Part VII-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes? (see Instructions

for definition).................................

If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials

published or distributed by the foundation in connection with the activities.

Did the foundation file Form 1120-POL for this year?.....................

Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:

(1) On the foundation. bullet

$ (2) On foundation managers. bullet

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. bullet

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles

of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....

Did the foundation have unrelated business gross income of $1,000 or more during the year?........

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:

By language in the governing instrument, or

By state legislation that effectively amends the governing instrument so that no mandatory directions

that conflict with the state law remain in the governing instrument?................

Yes

Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),

and Part XV..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney

General (or designate) of each state as required by General Instruction G? If "No," attach explanation .

Yes

Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)

or 4942(j)(5) for calendar year 2018 or the taxable year beginning in 2018? See the instructions for Part XIV.

If "Yes," complete Part XIV .............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

Form 990-PF (2018)

Page 5

Part VII-A

Statements Regarding Activities (continued)

At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the

meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............

Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had

advisory privileges? If "Yes," attach statement. See instructions.................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address bullet

www.yhsodafoundation.org

The books are in care of bullet

Kappy Dye Telephone no. bullet

(925) 631-1133

Located at bullet

1635 School StreetMoragaCA ZIP+4 bullet

94556

Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here ......... bullet

and enter the amount of tax-exempt interest received or accrued during the year ........ bullet

16 At any time during calendar year 2018, did the foundation have an interest in or a signature or other authority over YesNo

a bank, securities, or other financial account in a foreign country? .................

16 No

See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country bullet

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required

File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.

Yes

During the year did the foundation (either directly or indirectly):

(1) Engage in the sale or exchange, or leasing of property with a disqualified person? YesNo

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person?......................YesNo

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? YesNo

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? YesNo

(5) Transfer any income or assets to a disqualified person (or make any of either available

for the benefit or use of a disqualified person)?...............YesNo

(6) Agree to pay money or property to a government official? (Exception. Check "No"

if the foundation agreed to make a grant to or to employ the official for a period

after termination of government service, if terminating within 90 days.).......YesNo

If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations

section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........

Organizations relying on a current notice regarding disaster assistance check here........ bullet

Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,

that were not corrected before the first day of the tax year beginning in 2018?.............

Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private

operating foundation defined in section 4942(j)(3) or 4942(j)(5)):

At the end of tax year 2018, did the foundation have any undistributed income (lines 6d

and 6e, Part XIII) for tax year(s) beginning before 2018?.............YesNo

If "Yes," list the years bullet

20, 20, 20, 20

Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)

(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)

to all years listed, answer "No" and attach statement—see instructions.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year?......................YesNo

If "Yes," did it have excess business holdings in 2018 as a result of (1) any purchase by the foundation

or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved

by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)

the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine

if the foundation had excess business holdings in 2018.)..................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its

charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2018?

Form 990-PF (2018)

Page 6

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required (continued)

During the year did the foundation pay or incur any amount to:

Yes

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? YesNo

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive?.............YesNo

(3) Provide a grant to an individual for travel, study, or other similar purposes? YesNo

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? See instructions................YesNo

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals?.....YesNo

If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in

Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......

Organizations relying on a current notice regarding disaster assistance check here......... bullet

If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the

tax because it maintained expenditure responsibility for the grant?..........YesNo

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract?.....................YesNo

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction? YesNo

If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....

Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or

excess parachute payment during the year? .................YesNo

Part VIII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors

1 List all officers, directors, trustees, foundation managers and their compensation. See instructions

(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)
Alfred Dossa	Treasurer 5.00	40,000
1635 School Street Moraga,CA94556	Treasurer 5.00	40,000
Judith A Murphy	Chairman 5.00	40,000
1635 School Street Moraga,CA94556	Chairman 5.00	40,000
James Dye	Vice President 5.00	38,900
1635 School Street Moraga,CA94556	Vice President 5.00	38,900
William McLeod	Vice Chair 5.00	40,000
1635 School Street Moraga,CA94556	Vice Chair 5.00	40,000
Rosemary Soda	Secretary 5.00	39,200
1635 School Street Moraga,CA94556	Secretary 5.00	39,200
Diana Bermudez	Director 5.00	22,983
1635 School Street Moraga,CA94556	Director 5.00	22,983

2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."


(a) Name and address of each employee paid more than $50,000	(b) Title, and average hours per week devoted to position	(c) Compensation	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
Robert H Uyeki	CEO 40.00	330,000	54,174
1635 School Street Moraga,CA94556	CEO 40.00	330,000	54,174
Kappy L Dye	CFO 40.00	232,000	50,138
1635 School Street Moraga,CA94556	CFO 40.00	232,000	50,138
Mary A Doyle	Sr Prog Officer 40.00	122,850	34,053
1635 School Street Moraga,CA94556	Sr Prog Officer 40.00	122,850	34,053
Deborah L Floyd	Accountant 40.00	80,508	26,069
1635 School Street Moraga,CA94556	Accountant 40.00	80,508	26,069
Luis M Arteaga	Sr Prog Officer 40.00	81,250	17,199
1635 School Street Moraga,CA94556	Sr Prog Officer 40.00	81,250	17,199
Total number of other employees paid over $50,000...................

Form 990-PF (2018)

Page 7

Part VIII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)

3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation
PIMCO	Investment Manager	271,177
840 Newport Center Drive Newport Beach,CA92660	Investment Manager	271,177
GMO	Investment Manager	216,695
40 Rowes Wharf Boston,MA02210	Investment Manager	216,695
Pension Consulting Alliance Inc	Investment Consult.	105,833
411 NW Park Avenue Suite 401 Portland,OR97209	Investment Consult.	105,833
PanAgora Asset Management Inc	Investment Manager	72,043
470 Atlantic Avenue Boston,MA02210	Investment Manager	72,043
AQR Capital Management LLC	Investment Manager	236,993
Two Greenwich Plaza 3rd Floor Greenwich,CT06830	Investment Manager	236,993

Total number of others receiving over $50,000 for professional services............. bullet

Part IX-A

Summary of Direct Charitable Activities

List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.	Expenses
1


2


3


4

Part IX-B

Summary of Program-Related Investments (see instructions)

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.	Amount
1


2


All other program-related investments. See instructions.
3

Total. Add lines 1 through 3......................... bullet

Form 990-PF (2018)

Page 8

Part X

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

125,481,783

Average of monthly cash balances.......................

374,206

Fair market value of all other assets (see instructions)................

Total (add lines 1a, b, and c).........................

125,855,989

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

125,855,989

Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see

instructions) .............................

1,887,840

Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4

123,968,149

Minimum investment return. Enter 5% of line 5..................

6,198,407

Part XI

Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here bullet

and do not complete this part.)

Minimum investment return from Part X, line 6....................

6,198,407

Tax on investment income for 2018 from Part VI, line 5......

3,698

Income tax for 2018. (This does not include the tax from Part VI.)...

Add lines 2a and 2b............................

3,698

Distributable amount before adjustments. Subtract line 2c from line 1............

6,194,709

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

6,194,709

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...

6,194,709

Part XII

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

6,219,947

Program-related investments—total from Part IX-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

16,348

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4

6,236,295

Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment

income. Enter 1% of Part I, line 27b. See instructions.................

3,698

Adjusted qualifying distributions. Subtract line 5 from line 4..............

6,232,597

Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
the section 4940(e) reduction of tax in those years.

Form 990-PF (2018)

Page 9

Part XIII

Undistributed Income (see instructions)

		(a) Corpus	(d) 2018
1 Distributable amount for 2018 from Part XI, line 7			6,194,709
2 Undistributed income, if any, as of the end of 2018:
a Enter amount for 2017 only.......
b Total for prior years:20, 20, 20
3 Excess distributions carryover, if any, to 2018:
a From 2013......	128
b From 2014......	294,936
c From 2015......	27,551
d From 2016......
e From 2017......	45,518
fTotal of lines 3a through e........		368,133
4Qualifying distributions for 2018 from Part
XII, line 4: $ 6,236,295
a Applied to 2017, but not more than line 2a
b Applied to undistributed income of prior years (Election required—see instructions).....
c Treated as distributions out of corpus (Election required—see instructions)........		0
d Applied to 2018 distributable amount.....			6,194,709
e Remaining amount distributed out of corpus		41,586
5 Excess distributions carryover applied to 2018.
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5		409,719
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........
e Undistributed income for 2017. Subtract line 4a from line 2a. Taxable amount—see instructions .............
f Undistributed income for 2018. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2019 ..........			0
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......
8 Excess distributions carryover from 2013 not applied on line 5 or line 7 (see instructions) ...		128
9Excess distributions carryover to 2019. Subtract lines 7 and 8 from line 6a ......		409,591
10 Analysis of line 9:
a Excess from 2014....	294,936
b Excess from 2015....	27,551
c Excess from 2016....
d Excess from 2017....	45,518
e Excess from 2018....	41,586

Form 990-PF (2018)

Page 10

Part XIV

Private Operating Foundations (see instructions and Part VII-A, question 9)

1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2018, enter the date of the ruling....... bullet

b Check box to indicate whether the organization is a private operating foundation described in section4942(j)(3) or4942(j)(5)

2a Enter the lesser of the adjusted net income from Part I or the minimum investment return from Part X for each year listed ..........	Tax year	Prior 3 years			(e) Total
	(a) 2018	(b) 2017	(c) 2016	(d) 2015	(e) Total

b 85% of line 2a .........
c Qualifying distributions from Part XII, line 4 for each year listed .....
d Amounts included in line 2c not used directly for active conduct of exempt activities ..........
e Qualifying distributions made directly for active conduct of exempt activities. Subtract line 2d from line 2c ....
3 Complete 3a, b, or c for the alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......
(2) Value of assets qualifying under section 4942(j)(3)(B)(i)
b “Endowment" alternative test— enter 2/3 of minimum investment return shown in Part X, line 6 for each year listed...
c “Support" alternative test—enter:
(1) Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) ....
(2) Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)....
(3) Largest amount of support from an exempt organization
(4) Gross investment income

Part XV

Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)

1Information Regarding Foundation Managers:

aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)

bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.

2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:

Check here bullet

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions

aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:

Y H Soda Foundation
1635 School Street
Moraga,CA94556
(925) 631-1133

bThe form in which applications should be submitted and information and materials they should include:

See Statement 17

cAny submission deadlines:

See Statement 17

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

See Statement 17

Form 990-PF (2018)

Page 11

Part XV

Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
See Statement 18 See Statement 18 See Statement,CA94556	N/A	PC	Charitable	4,901,500
Total ................................. 3a				4,901,500

bApproved for future payment
De La Salle Cristo Rey High School 1530 34th Ave Oakland,CA94601	N/A	PC	General Operating Support	143,089
Rising Sun Energy Center 2998 San Pablo Ave Berkeley,CA94702	N/A	PC	GETS Core Training Program	40,000
Freedom for Immigrants 1322 Webster St Suite 300 Oakland,CA94612	N/A	PC	East Bay Detention Outreach and Advocacy	75,000
Total ................................. 3b				258,089

Form 990-PF (2018)

Page 12

Part XVI-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments....
3 Interest on savings and temporary cash investments ...........
4 Dividends and interest from securities....			14	3,310,227
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....
6 Net rental income or (loss) from personal property
7 Other investment income.....
8 Gain or (loss) from sales of assets other than inventory ............			18	-4,202,568
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: aAdj Provision Excise Tax					63,515
bPRI Interest					12,500
c
d
e
12 Subtotal. Add columns (b), (d), and (e)..				-892,341	76,015

13Total. Add line 12, columns (b), (d), and (e)..................

-816,326

(See worksheet in line 13 instructions to verify calculations.)

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See instructions.)
11a	Change in provision of excise tax per audited financial statements.
11b	Interest earned on a note to launch the ICA Fund that invests capital in Inner City Advisors' portfolio companies to help these enterprises grow and create jobs.

Form 990-PF (2018)

Page 13

Part XVII

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?

Yes

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

(a) Line No.	(b) Amount involved	(c) Name of noncharitable exempt organization	(d) Description of transfers, transactions, and sharing arrangements

Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........Yes No

If "Yes," complete the following schedule.

(a) Name of organization	(b) Type of organization	(c) Description of relationship

Sign Here

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
				May the IRS discuss this return with the preparer shown below (see instr.)? Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Form 990-PF (2018)

Additional Data

Software ID:	18007218
Software Version:	2018v3.1

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2018 AccountingFeesSchedule

Name:

Y & H Soda Foundation

EIN:

94-1611668

Software ID:

18007218

Software Version:

2018v3.1

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Auditing	24,500	0	0	24,500
Tax Preparation	5,665	0	0	5,665

- TIN:

Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

TY 2018 AmortizationSchedule

Name:

Y & H Soda Foundation

EIN:

94-1611668

Software ID:

18007218

Software Version:

2018v3.1

Description of Amortized Expenses	Date Acquired, Completed, or Expended	Amount Amortized	Deduction for Prior Years	Amortization Method	Current Year Amortization	Net Investment Income	Adjusted Net Income	Total Amount of Amortization
Website	2014-12-31	984	820	3.0000	164			984
Website	2015-06-01	12,646	10,538	3.0000	2,108			12,646

- TIN:

Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

TY 2018 DepreciationSchedule

Name:

Y & H Soda Foundation

EIN:

94-1611668

Software ID:

18007218

Software Version:

2018v3.1

Description of Property	Date Acquired	Cost or Other Basis	Prior Years' Depreciation	Computation Method	Rate / Life (# of years)	Current Year's Depreciation Expense
Building	2005-11-21	1,415,577	749,077	SL	20.0000	70,779
Building Renovation	2006-11-30	996,254	527,187	SL	20.0000	49,813
Building Crawl Space	2013-12-16	1,618	324	SL	20.0000	81
Building Crawl Space	2014-02-01	8,296	2,603	SL	20.0000	415
HVAC Work	2014-09-01	7,443	1,239	SL	20.0000	372
Gutters	2014-02-01	5,550	4,440	SL	5.0000	1,110
Bathroom Vanity Lights	2015-08-01	11,046	5,522	SL	5.0000	2,209

- TIN:

TY 2018 GeneralExplanationAttachment

Name:

Y & H Soda Foundation

EIN:

94-1611668

Software ID:

18007218

Software Version:

2018v3.1

Identifier	Return Reference	Explanation
	General Explanation Supplemental Information for Form 990-PF	Statement 17Form 990-PFPart XV, Line 2(a)-(d)How do you apply?Step 1: Determine you eligibilityThe Y&H Soda Foundation supports organizations whose work qualifies as charitable, according to the IRS definition. This includes organizations with a 501(c)3 status, public agencies and projects sponsored by public charities. Additionally, the work must serve the residents of Alameda and Contra Costa Counties. We do not make grants to individuals.Step 2: Determine your projects fit with our goalsReview our strategic priorities and funding strategies within those areas; key elements of a successful application and a list of previous grants to determine whether your efforts align with our strategies and achieve our desired outcomes. Step 3: Contact the FoundationPlease send us an email (program-assistant@yhsodafoundation.org) with the name of your organization, your contact information and identify which of our strategic priorities and funding strategies that you feel is aligned with your programming. We try to respond to inquiries within 10 business days. If you do not have a response from us after 2 weeks, please contact us by phone at (925) 631-1133. If we determine that your project aligns with our strategies, then we will invite you to submit an application for funding.Step 4: Submit a Grant Application (by invitation only)If selected, program staff will invite you to submit a grant application. Grant applications are submitted online through our password protected grantee portal. Please note that program staff perform detailed due diligence which may include but is not limited to program and financial assessment, a site visit, and follow-up meetings with key staff. The due diligence process can take 2-3 months to conduct before bringing a funding recommendation to our Board of Directors. Foundation staff will keep in touch with you during this process to keep you informed of the status of your request. Step 5: Grant application review and funding determinationProgram staff will notify you if your grant request will be presented to the Board of Directors and when to expect a decision. The Board meets monthly to make final funding decisions. Key Elements of Successful Grant ApplicationsIn reviewing applications from prospective grantees, the Y&H Soda Foundation looks for a broad array of key elements. These are typical characteristics that encompass most projects, though the Foundation recognizes that each project may not have every element present due to the nature of its scope of work.East Bay ImpactCentral to the mission of the Y&H Soda Foundation is a commitment to supporting the underserved in Alameda and Contra Costa Counties. Projects and programs must significantly impact the underserved in the East Bay.Clear Outcomes and AccountabilityThe Foundation expects to find the following elements in proposed projects:Strategies incorporate and reflect learning from related projects and the research base.Existence of accurate baseline data on the defined problem.A statement of the anticipated impact and outcomes of the program and detail on how progress will be measured. Demonstration of how East Bay residents will benefit as a result of the work.Organizational PracticesOrganizational processes and procedures are transparent, accountable and effective.Organizations working with the richly diverse population of the East Bay value and understand different cultures, languages and needs.A well-articulated work plan and budget that fits the projects stage of development.Committed PartnersAlleviating poverty cannot be done in isolation. We look for opportunities to value and build upon a wide range of partnerships addressing the work. Evidence of collaboration and cooperation. In these instances, projects draw on the expertise, resources and capabilities of each of the partners. Financial commitment from the partners is particularly compelling.

- TIN:

TY 2018 InvestmentsOtherSchedule2

Name:

Y & H Soda Foundation

EIN:

94-1611668

Software ID:

18007218

Software Version:

2018v3.1

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
AQR Gibraltar Fund	FMV	15,168,082	15,168,082
PanAgora	FMV	19,640,734	19,640,734
GMO	FMV	22,490,536	22,490,536
PIMCO Bravo Fund II, LP	FMV	9,195,992	9,195,992
Silver Creek	FMV	8,458,582	8,458,582
AQR Style Premia Fund	FMV	14,425,371	14,425,371
PIMCO Short Asset Investment Inst	FMV	6,224,480	6,224,480
Tortoise MLP & Pipeline Fund	FMV	2,176,052	2,176,052
Welton Paragon	FMV	17,387,774	17,387,774

- TIN:

TY 2018 LandEtcSchedule2

Name:

Y & H Soda Foundation

EIN:

94-1611668

Software ID:

18007218

Software Version:

2018v3.1

Category / Item	Cost / Other Basis	Accumulated Depreciation	Book Value	End of Year Fair Market Value
Furniture and Fixtures	99,192	95,878	3,314	3,314
Machinery and Equipment	45,761	29,413	16,348	16,348
Buildings	2,429,189	1,401,888	1,027,301	1,027,301
Land	675,311		675,311	675,311
Miscellaneous	19,530	19,530

- TIN:

TY 2018 LegalFeesSchedule

Name:

Y & H Soda Foundation

EIN:

94-1611668

Software ID:

18007218

Software Version:

2018v3.1

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Legal Fees	966	0	0	0

- TIN:

TY 2018 OtherAssetsSchedule

Name:

Y & H Soda Foundation

EIN:

94-1611668

Software ID:

18007218

Software Version:

2018v3.1

Description	Beginning of Year - Book Value	End of Year - Book Value	End of Year - Fair Market Value
Prog Related Investment ICA	1,250,000	1,250,000	1,250,000

- TIN:

TY 2018 OtherExpensesSchedule

Name:

Y & H Soda Foundation

EIN:

94-1611668

Software ID:

18007218

Software Version:

2018v3.1

Description	Revenue and Expenses per Books	Net Investment Income	Disbursements for Charitable Purposes
Amortization	2,272
Board Education	86		86
Board Meeting Exp	4,437		4,157
Community Networking	6,495		6,608
Direct Program Expenses	492		492
Dues and Memberships	29,920		29,920
Equipment	372		553
Hardware	1,831		88
Insurance	13,851		13,851
Licenses and Filing Fees	10,195		10,195
Maintenance - Computer	1,705		581
Payroll Fees	4,979		4,584
Portfolio Expenses	1,787,289	1,787,289
Supplies	5,887		5,883
Telephone & Internet	4,213		4,213
Website Maintenance	192		192

- TIN:

TY 2018 OtherIncomeSchedule2

Name:

Y & H Soda Foundation

EIN:

94-1611668

Software ID:

18007218

Software Version:

2018v3.1

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
Adj Provision Excise Tax	63,515
PRI Interest	12,500	12,500

- TIN:

TY 2018 OtherLiabilitiesSchedule

Name:

Y & H Soda Foundation

EIN:

94-1611668

Software ID:

18007218

Software Version:

2018v3.1

Description	Beginning of Year - Book Value	End of Year - Book Value
Deferred Excise Tax Liability	227,484	160,271

- TIN:

TY 2018 OtherProfessionalFeesSchedule

Name:

Y & H Soda Foundation

EIN:

94-1611668

Software ID:

18007218

Software Version:

2018v3.1

Category	Amount	Net Investment Income	Disbursements for Charitable Purposes
Consulting/Investment	105,833	105,833	0
Investment Management Fees	879,379	879,379	0
Operational Consultants	6,515	0	6,515
Other Consultants	6,488	0	6,488

- TIN:

TY 2018 TaxesSchedule

Name:

Y & H Soda Foundation

EIN:

94-1611668

Software ID:

18007218

Software Version:

2018v3.1

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Property Taxes	1,698			1,698