Foundation Of California State University Monterey Bay

Organization Overview

Foundation Of California State University Monterey Bay is located in Seaside, CA. The organization was established in 2010. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation Of California State University Monterey Bay 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 06/2022, Foundation Of California State University Monterey Bay generated $4.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $1.3m during the year ending 06/2022. While expenses have increased by 2.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Foundation Of California State University Monterey Bay has awarded 65 individual grants totaling $11,125,847. 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.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO FURTHER THE SCIENTIFIC, LITERARY, EDUCATIONAL AND CHARITABLE PURPOSES OF CALIFORNIA STATE UNIVERSITY, MONTEREY BAY, INCLUDING FUNDRAISING, DEVELOPMENT, ENDOWMENT MANAGEMENT, FINANCIAL ASSISTANCE, PUBLIC RELATIONS AND OTHER SUPPORT.

Describe the Organization's Program Activity:

MANAGEMENT OF ENDOWMENTS, INCLUDING RELATED SCHOLARSHIP AWARDS, AND SUPPORT OF CALIFORNIA STATE UNIVERSITY, MONTEREY BAY THROUGH DEVELOPMENT, PUBLIC RELATIONS AND OTHER FINANCIAL ASSISTANCE.


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Board, Officers & Key Employees

Name (title)Compensation
Barbara Zappas
CEO (ex Officio)
$0
Deborah Juran
Secretary
$0
Bettye Saxon Edd
Chair
$0
Maria Bellumori PHD
Director
$0
Anna M Caballero
Director
$0
Mac Clemmens
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$678,133
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$1,281,167
Noncash contributions included in lines 1a–1f $15,000
Total Revenue from Contributions, Gifts, Grants & Similar$1,959,300
Total Program Service Revenue$0
Investment income $1,408,023
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $1,014,474
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $4,381,797

Grants Awarded

Over the last fiscal year, Foundation Of California State University Monterey Bay has awarded $1,159,761 in support to 4 organizations.

Grant RecipientAmount

CALIFORNIA STATE UNIVERSITY MONTEREY BAY

PURPOSE: SCHOLARSHIPS

$966,629

UNIVERSITY CORPORATION AT MONTEREY BAY

Org PageRecipient Profile

Seaside, CA

PURPOSE: SCHOLARSHIPS

$165,632

THE REGENTS OF THE UNIVERSITY OF CALIFORNIA

Org PageRecipient Profile

Davis, CA

PURPOSE: SCHOLARSHIPS

$21,500

HARTNELL COMMUNITY COLLEGE

PURPOSE: SCHOLARSHIPS

$6,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 7 grants that Foundation Of California State University Monterey Bay has recieved totaling $568,913.

Awarding OrganizationAmount
Foundation For Food And Agriculture Research

Washington, DC

PURPOSE: RESEARCH

$450,000
Silicon Valley Community Foundation

Mountain View, CA

PURPOSE: Education

$39,000
Schwab Charitable Fund

San Francisco, CA

PURPOSE: EDUCATION

$33,000
Mcconnell Foundation

Redding, CA

PURPOSE: 2018 MCCONNELL SCHOLARS ($13,295); 2016 VISTA AND MCCONNELL SCHOLARS ($6,618)

$19,913
Morgan Stanley Foundation

New York, NY

PURPOSE: DIVERSITY SCHOLARSHIPS

$15,000
United Charitable

Ashburn, VA

PURPOSE: EDUCATION

$10,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$35,272,665
Earnings-$3,372,201
Net Contributions$1,521,989
Grants$1,213,543
Ending Balance$32,208,910

Peer Organizations

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