Monterey Peninsula Foundation

Organization Overview

Monterey Peninsula Foundation is located in Monterey, CA. The organization was established in 2015. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2022, Monterey Peninsula Foundation employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Monterey Peninsula 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 06/2021, Monterey Peninsula Foundation generated $28.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $27.9m during the year ending 06/2021. While expenses have increased by 1.1% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO ENHANCE THE QUALITY OF LIFE IN MONTEREY COUNTY AND SURROUNDING AREAS THROUGH THE STRATEGIC DISBURSEMENT OF CHARTIABLE FUNDS GENERATED BY HOSTING THE AT&T PEBBLE BEACH PRO-AM AND THE PURE INSURANCE CHAMPIONSHIP AT PEBBLE BEACH.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE MONTEREY PENINSULA FOUNDATION ENHANCES THE QUALITY OF LIFE IN MONTEREY COUNTY AND SURROUNDING AREAS THROUGH STRATEGIC DISBURSEMENT OF CHARITABLE FUNDS GENERATED BY HOSTING THE AT&T PEBBLE BEACH PRO-AM AND THE PURE INSURANCE CHAMPIONSHIP AT PEBBLE BEACH. THE FOUNDATION PROVIDED 135 GRANTS, 53 TOURNAMENT RELATED GIFTS, 25 SERVICE ORGANIZATION DONATIONS, AND 20 SPONSORSHIPS AND OTHER GIFTS DURING FISCAL YEAR ENDING 6/30/2022.


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Board, Officers & Key Employees

Name (title)Compensation
Steve John
CEO
$337,604
Morgan Falor
Executive Dir.
$204,258
Lesley Varney
Dir. Marketing
$158,802
Clint Eastwood
Chairman
$0
Peter Ueberroth
Vice Chairman
$0
Doug Mackenzie
Vice Chairman
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Hns Sports Group Llc
Tournament Consultant
$259,300
Rrmc Holdings Llc
Rent
$143,284
View All Vendors

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$2,573,725
Investment income $390,420
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $227,424
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $28,291,060

Grants Awarded

Over the last fiscal year, Monterey Peninsula Foundation has awarded $12,994,776 in support to 166 organizations.

Grant RecipientAmount

CMNTY FNDTN FOR MONT CNTY

Org PageRecipient Profile

Monterey, CA

PURPOSE: MONTEREY EXPERIENCE PROJECT

$830,000

UNIVERSITY CORPORATION AT MB

Org PageRecipient Profile

Seaside, CA

PURPOSE: CAPITAL AND PROGRAM SUPPORT

$755,000

HARTNELL COLLEGE FOUNDATION

Org PageRecipient Profile

Salinas, CA

PURPOSE: 2015 CHARITY MATCH

$750,000

FIRST 5 MONTEREY COUNTY

PURPOSE: EARLY CHILDHOOD EDUCATION PROGRAMS

$500,000

FUTURE CITIZENS FOUNDATION

Org PageRecipient Profile

Salinas, CA

PURPOSE: OPERATING AND CAPITAL SUPPORT

$369,776

MPUSD

PURPOSE: COLLEGE PREP AND EQUIPMENT

$350,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 29 grants that Monterey Peninsula Foundation has recieved totaling $1,525,105.

Awarding OrganizationAmount
Schwab Charitable Fund

San Francisco, CA

PURPOSE: PUBLIC, SOCIETAL BENEFIT

$279,000
Pga Tour Inc

Ponte Vedra Beach, FL

PURPOSE: GENERAL SUPPORT

$275,000
Ayco Charitable Foundation

Cohoes, NY

PURPOSE: COMMUNITY & HUMAN SERVICES

$100,000
Coatue Foundation

New York, NY

PURPOSE: GENERAL CHARITABLE PURPOSES

$100,000
Stephen Mack And Kelly Mack Familyfoundation Inc

New York, NY

PURPOSE: EXEMPT PURPOSE

$100,000
American Online Giving Foundation Inc

Newark, DE

PURPOSE: GENERAL SUPPORT

$97,469
View Grant Recipient Profile

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