Monterey International Pop Festival Inc
- Assets
- $229.2k
- Revenue
- $125.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 07/1967
- Data as of
- 12/2021
- EIN
- 95-6155987
Organization Overview
Monterey International Pop Festival Inc is located in Los Angeles, CA. The organization was established in 1967. According to its NTEE Classification (N52) the organization is classified as: Fairs, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Monterey International Pop Festival Inc 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 12/2021, Monterey International Pop Festival Inc generated $125.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.0%) each year. All expenses for the organization totaled $59.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (6.4%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Monterey International Pop Festival Inc has awarded 53 individual grants totaling $381,718. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO COLLECT & RECEIVE CONTRIBUTIONS. TO DISPOSE OF FUNDS EXCLUSIVELY FOR CHARITABLE, RELIGIOUS, SCIENTIFIC, LITERARY, ARTISTIC OR EDUCATIONAL PURPOSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT CHARITABLE ORGANIZATIONS IMPROVING EDUCATIONS AND SOCIAL CAUSES THAT IMPROVE LIVES OF PEOPLE.
SUPPORT CHARITABLE ORGANIZATIONS HELPING CHILDREN WITH SERIOUS MEDICAL CONDITIONS AND IMPROVING LIFE AFFECTED BY DISEASES.
SUPPORT CHARITABLE ORGANIZATIONS PROVIDING MUSIC AND ART TO UNDERSERVED PUBLIC SCHOOL CHILDREN AND PREVIOUSLY INCARCERATED MEN AND WOMEN.
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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 | $325 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $325 |
| Total Program Service Revenue | $0 |
| Investment income | $43 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $125,428 |
| 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 | $125,796 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $37,825 |
| 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 | $4,564 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $14,465 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $59,947 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $97,702 |
| Savings and temporary cash investments | $131,470 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $229,172 |
| 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 | $25 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $25 |
| 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 | $229,147 |
| Total liabilities and net assets/fund balances | $229,172 |
Grants Awarded
Over the last fiscal year, Monterey International Pop Festival Inc has awarded $30,325 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
Washington, DC PURPOSE: PROVIDE THE WORLD'S MOST PROMISING YOUNG MUSICIANS COLLEGE LEVEL TRAINING BY INTERNATIONALLY ACCLAIMED JAZZ MASTERS | $10,325 |
OTIS REDDING FOUNDATION INC PURPOSE: EMPOWER YOUTH THROUGH MUSIC EDUCATION | $5,000 |
San Francisco, CA PURPOSE: PROVIDE SUBSTANCE ABUSE DISORDER TREATMENT SERVICES. | $5,000 |
Los Angeles, CA PURPOSE: PROVIDE MUSIC THERAPY TO CHILDREN | $5,000 |
Santa Monica, CA PURPOSE: TREATMENT FOR VICTIMS OF RAPE AND CHILD ABUSE | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fairweather Foundation Minden, NV | $0 | $533,390 |
Southwestern Fair Commission Inc Tucson, AZ | $10,447,798 | $10,245,189 |
Sonoma County Fair & Exposition Inc Santa Rosa, CA | $17,626,127 | $9,756,365 |
Santa Clara County Fair Grounds Management Corporation Inc San Jose, CA | $6,944,822 | $8,647,044 |
California Hotel & Lodging Association Sacramento, CA | $2,645,077 | $3,327,105 |
Solano County Fair Association Vallejo, CA | $3,212,783 | $5,027,208 |
Palm Springs International Film Society Palm Springs, CA | $7,602,219 | $1,734,436 |
Christmas In The Park San Jose, CA | $1,177,728 | $2,488,885 |
San Joaquin County Junior Show And Auction Council Stockton, CA | $530,126 | $2,131,504 |
Butte County Fair Association Gridley, CA | $1,763,823 | $1,978,896 |
Salinas Valley Fair Inc King City, CA | $6,000,712 | $1,626,028 |
Tulare County Junior Livestock Show And Community Fair Porterville, CA | $2,751,501 | $2,048,801 |