2024-04-15T14:04:30-05:00 2022-05-31 910189318 MOSS ADAMS LLP 101 SECOND STREET SUITE 900 SAN FRANCISCO CA 94105 990 2021-06-01 940948140 BERKELEY STUDENT COOPERATIVE INC BERK 5108481936 2424 RIDGE ROAD BERKELEY CA 94709 AMY HINES-SHAIKH INTERIM EXECUTIVE DIRECTOR 5108481936 2024-04-12 1 AMY HINES-SHAIKH 999009999 MICHAEL LUMSDEN P01262236 4159561500 2024-04-12 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z AMY HINES-SHAIKH 2424 RIDGE ROAD BERKELEY CA 94709 11741752 0 X WWW.BSC.COOP X 1934 CA TO PROVIDE A QUALITY, LOW COST, COOPERATIVE HOUSING COMMUNITY TO UNIVERSITY STUDENTS WHO OTHERWISE MIGHT NOT BE ABLE TO AFFORD A UNIVERSITY EDUCATION. 28 12 61 1200 0 0 1156947 419699 9078796 11209140 275534 0 82645 112913 10593922 11741752 193243 104151 0 0 3994837 3709948 0 0 309385 6449914 4338977 10637994 8153076 -44072 3588676 57970092 63591156 20017091 19564720 37953001 44026436 TO PROVIDE A QUALITY, LOW-COST, COOPERATIVE HOUSING COMMUNITY TO UNIVERSITY STUDENTS, THEREBY PROVIDING AN EDUCATIONAL OPPORTUNITY FOR STUDENTS WHO MIGHT NOT OTHERWISE BE ABLE TO AFFORD A UNIVERSITY EDUCATION. 0 0 6451465 104151 11209140 THE BERKELEY STUDENT COOPERATIVE (BSC) IS A NONPROFIT HOUSING COOPERATIVE PROVIDING AFFORDABLE HOUSING AND BOARD TO STUDENTS AT UC BERKELEY AND OTHER BAY AREA COLLEGES AND UNIVERSITIES. BSC HAS APPROXIMATELY 1,300 STUDENT MEMBERS LIVING IN OR EATING AT OUR SEVENTEEN HOUSES AND THREE APARTMENT COOPERATIVES AROUND THE UC BERKELEY CAMPUS. EACH HOUSE IS DEMOCRATICALLY RUN, WHERE ALL MEMBERS CONTRIBUTE LABOR TO KEEP HOUSING COSTS AFFORDABLE. 6451465 1 1 0 0 0 0 0 0 1 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 35 0 1 61 1 0 0 0 0 0 0 0 0 0 0 0 0 X 28 12 0 0 0 0 1 1 0 1 1 0 0 0 1 1 1 1 1 1 1 0 CA X X JUHANDRYN DESSAMES 5105495959 2424 RIDGE ROAD BERKELEY CA 94709 OLIVIA KEHOE PRESIDENT THROUGH 3/2022 5.00 X X 3495 0 0 DYLAN WILLIAMS VP OF INTERNAL AFFAIRS THROUGH 3/2022 / PRES START 5.00 X X 2179 0 0 ATHENA DAVIS VP OF INTERNAL AFFAIRS START 3/2022 5.00 X X 0 0 0 BEN KELLY VP OF CAPITAL & FINANCE 5.00 X X 0 0 0 VICTOR VASQUEZ VP OF EXTERNAL AFFAIRS THROUGH 3/2022 5.00 X X 2672 0 0 RAFAEL GRILLO VP OF EXTERNAL AFFAIRS START 3/2022 5.00 X X 0 0 0 ZOE HAYES VP OF EXPERIENCE & TRAINING 5.00 X X 0 0 0 CRISTINA ACOSTA NAVARRO BOARD DIRECTOR THROUGH 10/2021 1.00 X 0 0 0 JIM AUSMEN ALUMNI ASSOCIATION BOARD DIRECTOR 1.00 X 0 0 0 SYDNEY BUFORD BOARD DIRECTOR THROUGH 4/2021 1.00 X 0 0 0 ELLIE CAWTHON BOARD DIRECTOR THROUGH 3/2022 1.00 X 0 0 0 JAMES CHANG BOARD DIRECTOR 1.00 X 0 0 0 ALLIE COLE BOARD DIRECTOR THROUGH 1/2022 1.00 X 0 0 0 MIGUEL DUARTE EMPLOYEE ASSOCIATION REP / BOARD DIRECTOR / CFS SU 40.00 X 87022 0 14493 JOHN EHRLICH BOARD DIRECTOR THROUGH 10/2021 1.00 X 0 0 0 KENNETH KENNY GARCIA BOARD DIRECTOR 1.00 X 0 0 0 JEN HERNENDEZ GARCIA BOARD DIRECTOR 1.00 X 0 0 0 ALEX HOME BOARD DIRECTOR 1.00 X 0 0 0 PIERRE LETELLIER BOARD DIRECTOR 1.00 X 0 0 0 JOSH LAVINE ALUMNI ASSOCIATION BOARD DIRECTOR 1.00 X 0 0 0 SHUGE LUO BOARD DIRECTOR 1.00 X 0 0 0 CHEROD JOHNSON BOARD DIRECTOR 1.00 X 0 0 0 V NEDELTCHEV BOARD DIRECTOR THROUGH 3/2022 1.00 X 0 0 0 LIZA MAMEDOV-TURCHINSKY BOARD DIRECTOR 1.00 X 0 0 0 NICOLE MATHEWS BOARD DIRECTOR 1.00 X 0 0 0 MARVIN MILLER BOARD DIRECTOR 1.00 X 0 0 0 OGE OKPALA BOARD DIRECTOR 1.00 X 0 0 0 TROY PARKER-LIPKIN BOARD DIRECTOR 1.00 X 0 0 0 AUSTIN PRITZKAT ALUMNI ASSOCIATION BOARD DIRECTOR 1.00 X 0 0 0 DAVID RAMUS BOARD DIRECTOR 1.00 X 0 0 0 NOAH RAYMOND BOARD DIRECTOR 1.00 X 0 0 0 EVELYN ROMO BOARD DIRECTOR THROUGH 11/2021 1.00 X 0 0 0 ANALISE SMITH-HINKLEY BOARD DIRECTOR THROUGH 2/2022 1.00 X 0 0 0 YAXUAN SUN BOARD DIRECTOR THROUGH 9/2021 1.00 X 0 0 0 JONAH TAUBER BOARD DIRECTOR 1.00 X 0 0 0 GABRIELA VENTURA BOARD DIRECTOR 1.00 X 0 0 0 EMMA WYNKOOP BOARD DIRECTOR THROUGH 1/2022 1.00 X 0 0 0 JI SU YOO BOARD DIRECTOR 1.00 X 0 0 0 AMANDA ZHANG BOARD DIRECTOR 1.00 X 0 0 0 ALEJANDRA ZAMORA BOARD DIRECTOR 1.00 X 0 0 0 TEENA LORIE-HARRIS EXECUTIVE DIRECTOR THROUGH 7/2021 40.00 X 58500 0 0 DAVE CHELSEA-SEIFERT OPERATIONS MANAGER / ACTING EXEC DIR START 7/2021 40.00 X 108707 0 28572 JUHANDRYN DESSAMES FINANCE/ACCOUNTING MGR START 11/2021 40.00 X 14462 0 1218 PATSY JANG ACCOUNTING SUPERVISOR 40.00 X 106486 0 24662 DAVID PEARSON MAINTENANCE SUPERVISOR 40.00 X 105395 0 625 NAN PUTNAM HOUSING SUPERVISOR 40.00 X 102139 0 27478 KIMBERLY BENSON FORMER EXEC DIR THROUGH 2/2021 0.00 X 137985 0 18431 729042 0 115479 5 1 1 0 VALENCIA BROS CONSTRUCTION & REMODELING 21205 FOOTHILL BOULEVARD HAYWARD CA 94541 GENERAL BUILDING CONTRACTOR 258942 A2 REMODELING 370 VAQUEROS AVE 6A RODEO CA 94572 GENERAL BUILDING CONTRACTOR 103426 2 419699 419699 ROOM AND BOARD REVENUE 721310 8283338 8283338 APARTMENT RENTALS 721310 2837318 2837318 APPLICATION FEES 721310 45975 45975 MEMBERSHIP FEES 721310 39350 39350 LATE PAYMENT FEES 721310 3159 3159 11209140 MISCELLANEOUS REVENUE 900099 112913 112913 112913 11741752 11209140 0 112913 104151 104151 231359 161951 57840 11568 3017462 2112226 754365 150871 77000 53900 19250 3850 215435 150804 53859 10772 168692 118084 42173 8435 20664 20664 39173 39173 110456 110456 9675 9675 295422 147711 132940 14771 98734 49367 44430 4937 2062691 1856421 103135 103135 3067 2761 153 153 17856 16070 893 893 842 842 FOOD EXPENSE 1334444 1334444 TAXES & LICENSES 53687 53687 BOARD EXPENSES 47646 47646 MEMBERSHIP EXPENSES 32853 32853 211767 190591 21176 8153076 6451465 1392226 309385 4235101 6038565 3536547 1295341 67686 127043 1204845 3095399 75428497 36447254 33979521 38981243 14700259 13159977 246133 893588 57970092 63591156 218428 1511553 5543869 2086727 13607262 14725329 45982 51228 498500 601550 691383 20017091 19564720 X 35242783 39759872 2710218 4266564 37953001 44026436 57970092 63591156 3588676 2484759 0 X 0 1 X 1 0 X 1249198 664921 791681 1156947 419699 4282446 10403025 10988029 10599350 9078796 11209140 52278340 11652223 11652950 11391031 10235743 11628839 56560786 0 0 0 56560786 504155 805839 593900 300219 0 2204113 504155 805839 593900 300219 2204113 187994 61222 164395 82645 112913 609169 12344372 12520011 12149326 10618607 11741752 59374068 0.95260 0.94510 0.03710 0.04320 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2017 AMOUNT: $ 187,994. 2018 AMOUNT: $ 61,222. 2019 AMOUNT: $ 164,395. 2020 AMOUNT: $ 82,645. 2021 AMOUNT: $ 112,913. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 935952 104151 104151 935952 935952 193243 193243 935952 935952 198772 198772 935952 935952 165597 4819 170416 935952 935952 106961 7001 113962 935952 0.11000 0.89000 0.00000 0 0 1445551 1445551 69746273 32918261 36828012 4236673 3528993 707680 38981243 REFUNDABLE DEPOSITS 691383 691383 X 11741752 0 11741752 0 11741752 8153076 0 8153076 0 8153076 PART IV, LINE 2B: CERTAIN CASH ACCOUNTS ARE MAINTAINED BY THE VARIOUS HOUSES FOR TRANSACTIONS OCCURRING AT THE HOUSE LEVEL. CASH GENERALLY IS RAISED FROM HOUSE MEMBERS AND IS HELD IN BANK ACCOUNTS UNDER THE ORGANIZATION'S NAME. EXPENDITURES FROM THESE ACCOUNTS MUST ADHERE TO THE ORGANIZATION'S POLICIES AND ARE SUBJECT TO REVIEW. A CORRESPONDING LIABILITY IS INCLUDED IN THE STATEMENT OF FINANCIAL POSITION TO REFLECT THESE ASSETS ARE TO FUNDS NOT UNDER THE ORGANIZATION'S DIRECTION. PART V, LINE 4: BSC MAINTAINS ENDOWED SCHOLARSHIP FUNDS TO ENSURE THAT IT IS ABLE TO OFFER BSC MEMBERS WITH FINANCIAL NEED SCHOLARSHIPS IN PERPETUITY. PART X, LINE 2: THE ORGANIZATION HAS ADOPTED FASB ACCOUNTING STANDARD CODIFICATION (ASC) 740-10, WHICH CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. ASC SECTION 740-10 PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. ASC 740-10 REQUIRES THAT AN ORGANIZATION RECOGNIZE IN THE FINANCIAL STATEMENTS THE IMPACT OF THE TAX POSITION IF THAT POSITION WILL MORE LIKELY THAN NOT BE SUSTAINED ON AUDIT, BASED ON THE TECHNICAL MERITS OF THE POSITION. AS OF AND FOR THE YEAR ENDED MAY 31, 2022, THE ORGANIZATION HAD NO MATERIAL UNRECOGNIZED TAX BENEFITS, TAX PENALTIES OR INTEREST. 1 SCHOLARSHIPS FOR MEMBERS OF BSC 139 104151 PART I, LINE 2: SCHOLARSHIPS FOR INDIVIDUAL BSC MEMBERS ARE GRANTED ON THE BASIS OF UNMET FINANCIAL NEED, BASED ON INFORMATION GENERATED BY THE UNIVERSITY FINANCIAL AID OFFICE AT UC BERKELEY AND/OR OTHER BAY AREA COLLEGES/UNIVERSITIES. X X X 1 0 0 0 0 0 0 0 0 KIMBERLY BENSON FORMER EXEC DIR THROUGH 2/2021 59325 0 0 0 78660 0 11039 0 7392 0 156416 0 0 0 PART I, LINE 4A DURING THE 2021 CALENDAR YEAR, KIM BENSON RECEIVED A TAXABLE SEVERANCE OF $78,660 WHICH HAS BEEN REPORTED WITHIN "OTHER REPORTABLE COMPENSATION" ON SCHEDULE J, PART II, COLUMN (B)(III). A CALIFORNIA ENTERPRISE DEVELOPMENT AUTHORITY 352273601 NONEAVAIL 2018-10-01 15869099 REFUND BOND DATED 9/22/2016 0 0 0 A 3620459 15869099 15869099 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 1 0 1 0 0 0 1 A 1 OLIVIA KEHOE BOARD MEMBER 10508 RENT STIPEND/SCHOLARSHIP FINANCIAL ASSISTANCE DYLAN WILLIAMS BOARD MEMBER 9060 RENT STIPEND/SCHOLARSHIP FINANCIAL ASSISTANCE ATHENA DAVIS BOARD MEMBER 3295 RENT STIPEND/SCHOLARSHIP FINANCIAL ASSISTANCE BEN KELLY BOARD MEMBER 9540 RENT STIPEND/SCHOLARSHIP FINANCIAL ASSISTANCE VICTOR VASQUEZ BOARD MEMBER 14960 RENT STIPEND/SCHOLARSHIP FINANCIAL ASSISTANCE RAFAEL GRILLO BOARD MEMBER 3378 RENT STIPEND/SCHOLARSHIP FINANCIAL ASSISTANCE ZOE HAYES BOARD MEMBER 9727 RENT STIPEND/SCHOLARSHIP FINANCIAL ASSISTANCE CRISTINA ACOSTA NAVARRO BOARD MEMBER 1930 RENT STIPEND/SCHOLARSHIP FINANCIAL ASSISTANCE SYDNEY BUFORD BOARD MEMBER 4345 RENT STIPEND/SCHOLARSHIP FINANCIAL ASSISTANCE ALLIE COLE BOARD MEMBER 117 RENT STIPEND/SCHOLARSHIP FINANCIAL ASSISTANCE KENNETH KENNY GARCIA BOARD MEMBER 2236 RENT STIPEND/SCHOLARSHIP FINANCIAL ASSISTANCE JEN HERNENDEZ GARCIA BOARD MEMBER 470 RENT STIPEND/SCHOLARSHIP FINANCIAL ASSISTANCE SHUGE LUO BOARD MEMBER 3749 RENT STIPEND/SCHOLARSHIP FINANCIAL ASSISTANCE CHEROD JOHNSON BOARD MEMBER 2721 RENT STIPEND/SCHOLARSHIP FINANCIAL ASSISTANCE V NEDELTCHEV BOARD MEMBER 3555 RENT STIPEND/SCHOLARSHIP FINANCIAL ASSISTANCE LIZA MAMEDOV-TURCHINSKY BOARD MEMBER 965 RENT STIPEND/SCHOLARSHIP FINANCIAL ASSISTANCE MARVIN MILLER BOARD MEMBER 1467 RENT STIPEND/SCHOLARSHIP FINANCIAL ASSISTANCE OGE OKPALA BOARD MEMBER 155 RENT STIPEND/SCHOLARSHIP FINANCIAL ASSISTANCE TROY PARKER-LIPKIN BOARD MEMBER 1439 RENT STIPEND/SCHOLARSHIP FINANCIAL ASSISTANCE NOAH RAYMOND BOARD MEMBER 765 RENT STIPEND/SCHOLARSHIP FINANCIAL ASSISTANCE EVELYN ROMO BOARD MEMBER 1640 RENT STIPEND/SCHOLARSHIP FINANCIAL ASSISTANCE GABRIELA VENTURA BOARD MEMBER 1728 RENT STIPEND/SCHOLARSHIP FINANCIAL ASSISTANCE JI SU YOO BOARD MEMBER 1742 RENT STIPEND/SCHOLARSHIP FINANCIAL ASSISTANCE FORM 990, PART IV, LINE 12A AND FORM 990, PART XI, LINE 2B: AS OF THE FILING OF THIS FORM 990, THE ORGANIZATION WAS IN THE PROCESS OF (BUT HAD NOT YET COMPLETED) A FINANCIAL STATEMENT AUDIT. THE FINANCIAL INFORMATION REPORTED WITHIN THIS FORM 990 WAS DERIVED FROM UNAUDITED FINANCIAL STATEMENTS PROVIDED BY THE ORGANIZATION. IF NECESSARY, AN AMENDED RETURN WILL BE FILED TO CORRECT FOR ANY UPDATES TO THE FINANCIAL STATEMENTS PENDING THE FINALIZATION OF THE AUDIT. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION'S MEMBERS, AS DEFINED BY THE BYLAWS, ARE LIMITED TO ONLY FULL-TIME STUDENTS OF ANY POST-SECONDARY SCHOOL WITH CURRENT RENT AND/OR BOARDING CONTRACTS. EXCEPTIONS TO THE ABOVE MAY BE MADE BY THE ADMINISTRATIVE COMMITTEE IN ACCORDANCE WITH THE PROVISIONS OF THE ADMINISTRATIVE CODE OF THE ORGANIZATION, SUBJECT TO THE APPROVAL OF THE BOARD OF DIRECTORS. MEMBERSHIP SHALL NOT BE RESTRICTED BECAUSE OF RACE, COLOR, ETHNICITY, RELIGION, GENDER IDENTITY, NATIONAL ORIGIN, POLITICAL ADHERENCE, OR SEXUAL IDENTITY. THE FORM 990 INSTRUCTIONS ALSO DEFINE A "MEMBER" (WITHOUT REGARD TO WHAT A PERSON, INCLUDING A CORPORATION OR OTHER LEGAL ENTITY, IS CALLED IN THE GOVERNING DOCUMENTS) AS ANY PERSON WHO HAS THE POWER TO ELECT MEMBERS OF THE GOVERNING BODY. AS SUCH, THE PRESIDENT OF THE BSC ALUMNI ASSOCIATION AND THE BSC EMPLOYEE ASSOCIATION ARE ALSO CONSIDERED MEMBERS. LASTLY, THE FORM 990 INSTRUCTIONS FURTHER DEFINE A "MEMBER" (WITHOUT REGARD TO WHAT A PERSON, INCLUDING A CORPORATION OR OTHER LEGAL ENTITY, IS CALLED IN THE GOVERNING DOCUMENTS) AS ANY PERSON WHO CAN RECEIVE A SHARE OF THE ORGANIZATION'S NET ASSETS UPON DISSOLUTION. AS SUCH, THE UNIVERSITY OF CALIFORNIA IS ALSO CONSIDERED A "MEMBER". FORM 990, PART VI, SECTION A, LINE 7A THE PRESIDENT OF THE BSC ALUMNI ASSOCIATION, A SEPARATE 501(C)(3) ORGANIZATION, MAY APPOINT ONE MEMBER OF THE ALUMNI ASSOCIATION AS A DIRECTOR. THE TERM OF OFFICE OF THE ALUMNI ASSOCIATION MEMBER SHALL BE AT THE PLEASURE OF THE PRESIDENT OF THE BSC ALUMNI ASSOCIATION. IN ADDITION, THE BSC EMPLOYEE ASSOCIATION CONTRACT INCLUDES A PROVISION FOR THE DESIGNATION OF A DIRECTOR FROM AMONG MEMBERS OF THE EMPLOYEE ASSOCIATION. THE REMAINING MEMBERS OF THE BOARD OF DIRECTORS SHALL BE ELECTED BY THE MEMBERS OF THE SEVERAL UNITS. EACH UNIT SHALL ELECT ONE DIRECTOR FOR EACH SEVENTY MEMBERS, OR FRACTION THEREOF, IN THE RESIDENTIAL CAPACITY OF THE UNIT. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT TAX ACCOUNTANT IN CONJUNCTION WITH THE ORGANIZATION'S FINANCE AND ACCOUNTING STAFF. A DRAFT FORM 990 IS THEN REVIEWED BY MANAGEMENT OF THE ORGANIZATION, AS WELL AS THE FINANCE AND ACCOUNTING STAFF; ADJUSTMENTS ARE MADE AS NECESSARY. THE FORM 990 IS THEN ELECTRONICALLY FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION HAS A WRITTEN CONFLICT OF INTEREST POLICY WHICH REQUIRES IT TO MONITOR CONFLICTS OF INTEREST THROUGH A WRITTEN DISCLOSURE QUESTIONNAIRE IMPLEMENTED ANNUALLY IN THE SPRING. THE QUESTIONNAIRE IS COMPLETED BY ALL EMPLOYEES, ALL EXECUTIVE OFFICERS, AND ALL BOARD MEMBERS. THE ORGANIZATION ALSO TRAINS STAFF, BOARD MEMBERS, AND EXECUTIVES ON THE DUTY TO DISCLOSE CONFLICTS OF INTEREST AS THEY ARISE THROUGHOUT THE YEAR. THE EXECUTIVE DIRECTOR EXAMINES ANY DISCLOSURES BY STAFF OF POTENTIAL CONFLICTS OF INTEREST TO DETERMINE WHETHER AN ACTUAL CONFLICT EXISTS. THE CABINET EXAMINES ANY DISCLOSURES BY THE BOARD MEMBERS, EXECUTIVES, AND SENIOR MANAGEMENT. THE AUDIT COMMITTEE IS CHARGED WITH MAKING DECISIONS CONCERNING RESOLUTION OF CONFLICTS OF INTEREST INVOLVING DIRECTORS, EXECUTIVE OFFICERS, AND SENIOR MANAGEMENT. THE PRESIDENT IS RESPONSIBLE FOR REVIEWING DISCLOSURES AND RESOLVING CONFLICTS WITH REGARD TO THE CHAIR OF THE AUDIT COMMITTEE. IN ALL CASES, CONFLICTED INDIVIDUALS ARE NOT ALLOWED TO PARTICIPATE IN THE DECISION REGARDING A POTENTIAL TRANSACTION. FORM 990, PART VI, SECTION B, LINE 15 BSC ANNUALLY COMPARES SALARIES AND BENEFITS, INCLUDING THAT OF THE EXECUTIVE DIRECTOR AND OTHER OFFICERS/KEY EMPLOYEES, TO THOSE OF COMPARABLE NONPROFITS IN THE BAY AREA UTILIZING FAIR PAY, A NONPROFIT WAGE AND BENEFITS SURVEY. IN 2016, BSC ALSO ENGAGED A PROFESSIONAL COMPENSATION CONSULTANT TO REVIEW AND ADVISE THE BOARD ON ALL PROFESSIONAL STAFF SALARIES/WAGES. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC VIA THE ORGANIZATION'S WEBSITE (WWW.BSC.COOP) AND BY REQUEST.