Carmel Ideas Foundation
- Assets
- $107.2k
- Revenue
- $448.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Pebble Beach, CA
- Founding
- 12/2007
- Data as of
- 12/2023
- EIN
- 01-0903800
Organization Overview
Carmel Ideas Foundation is located in Pebble Beach, CA. The organization was established in 2007. According to its NTEE Classification (A60) the organization is classified as: Performing Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Carmel Ideas Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Carmel Ideas Foundation generated $448.0k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $470.1k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE CARMEL IDEAS FOUNDATION'S MISSION IS TO IMPROVE LITERACY, INSPIRE HOPE, AND ENCOURAGE THE DEVELOPMENT AND EXCHANGE OF GREAT IDEAS FOR THE RESIDENTS OF MONTEREY COUNTY AND BEYOND, AND TO PROVIDE FURTHER EDUCATIONAL OPPORTUNITIES FOR THE UNDER-SERVED STUDENTS OF MONTEREY COUNTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PRESENTS THE ANNUAL PEBBLE BEACH AUTHORS & IDEAS FESTIVAL, FORMERLY THE CARMEL AUTHORS AND IDEAS FESTIVAL, AT THE END OF SEPTEMBER EACH YEAR. MORE THAN TWENTY WELL KNOWN AUTHORS, THINKERS, INNOVATORS AND MUSICIANS PRESENT IN A VARIETY OF VENUES OVER A THREE-DAY WEEKEND. PRESENTATIONS TAKE PLACE IN A THEATER SEATING ALL ATTENDEES, AS WELL AS IN SMALL BREAKOUT GROUPS. SCHOLARSHIPS ARE PROVIDED TO EDUCATORS EACH YEAR. SPEAKERS ARE INTRODUCED BY STUDENTS. THE THREE-DAY FESTIVAL IS PRECEDED BY THE STUDENT IDEAS FESTIVAL, WHICH ENABLES 1300 MONTEREY COUNTY MIDDLE AND HIGH SCHOOL STUDENTS TO BE INSPIRED IN PERSON BY SOME OF THE BEST MINDS OF OUR TIME. ADDITIONALLY, THE STUDENT IDEAS FESTIVAL IS LIVE-STREAMED TO SCHOOLS THROUGHOUT THE COUNTY, AS WELL AS RECORDED AND DISTRIBUTED FOR LATER USE IN THE CLASSROOM.THE GOAL OF THE ORGANIZATION IS TO PROVIDE INTELLECTUALLY STIMULATING SETTINGS AND OPPORTUNITIES FOR PARTICIPATION OF ALL AGES TO LEARN, DISCUSS, AND GENERATE NEW IDEAS WHILE HONORING A LITERARY PAST AND GROWING A LITERARY FUTURE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Evers Board Member | Trustee | 0.5 | $0 |
John Hanna Board Member | Trustee | 0.5 | $0 |
Dan Lindsay Board Member | Trustee | 0.5 | $0 |
James P Mcgillen Chairman | Officer | 40 | $0 |
Cynthia Mcgillen Board Member | Officer | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $413,775 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $413,775 |
| Total Program Service Revenue | $34,200 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $447,975 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,087 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,513 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $200 |
| Advertising and promotion | $15,982 |
| Office expenses | $4,011 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $31,920 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,107 |
| Interest | $2,052 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,373 |
| Insurance | $4,170 |
| All other expenses | $95,396 |
| Total functional expenses | $470,140 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $96,324 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $10,892 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2 |
| Total assets | $107,218 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $14,572 |
| Total liabilities | $14,572 |
| Net assets without donor restrictions | $92,646 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $107,218 |