Monterey Collegiate Foundation
- Assets
- $464.4k
- Revenue
- $309.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Monterey, CA
- Founding
- 08/2005
- Data as of
- 05/2023
- EIN
- 20-1790250
Organization Overview
Monterey Collegiate Foundation is located in Monterey, CA. The organization was established in 2005. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Monterey Collegiate 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 05/2023, Monterey Collegiate Foundation generated $309.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $183.7k during the year ending 05/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Monterey Collegiate Foundation has awarded 22 individual grants totaling $736,582. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
WE PROVIDE GRANTS TO CHARITIES FOR ACTIVITIES SUCH AS YOUTH SPORTS, YOUTH PROGRAMS AND YOUTH EDUCATION FOR THE RESIDENTS OF MONTEREY COUNTY, CALIFORNIA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED FUNDING TO SCHOOLS, YOUTH ORGANIZATIONS AND INDIVIDUALS FOR YOUTH SCHOLARSHIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Long Sec/treasurer | OfficerTrustee | 1 | $0 |
Steve Nader Director | Trustee | 1 | $0 |
Katy Reyes President | OfficerTrustee | 14 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| 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 | $309,583 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $309,583 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $165,690 |
| 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 | $11,503 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,160 |
| Office expenses | $9 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $23 |
| Insurance | $3,131 |
| All other expenses | $0 |
| Total functional expenses | $183,678 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $442,988 |
| 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 | $1,382 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $20,000 |
| Total assets | $464,370 |
| 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 | $5,519 |
| Total liabilities | $5,519 |
| Net assets without donor restrictions | $0 |
| 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 | $458,851 |
| Total liabilities and net assets/fund balances | $464,370 |
Grants Awarded
Over the last fiscal year, Monterey Collegiate Foundation has awarded $150,390 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
ALISAL BOOSTER CLUB PURPOSE: Athletics | $7,165 |
GIRLS INC CENTRAL COAST PURPOSE: Girls Empowerment | $9,400 |
HARTNELL COLLEGE PURPOSE: Athletics | $6,400 |
LTG LIONS PURPOSE: Athletics | $5,500 |
MY MUSEUM PURPOSE: Youth Education | $11,100 |
PALMA HIGH SCHOOL PURPOSE: Academics and Athletics | $14,775 |