Monterey Bay Educational Center
- Assets
- $4.9k
- Revenue
- $358.1k
- Investments
- $0.0
- Employees
- 13
- Location
- Monterey, CA
- Founding
- 08/2015
- Data as of
- 12/2019
- EIN
- 61-1737326
Organization Overview
Monterey Bay Educational Center is located in Monterey, CA. The organization was established in 2015. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 12/2019, Monterey Bay Educational Center employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Monterey Bay Educational Center 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 12/2019, Monterey Bay Educational Center generated $358.1k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $366.4k during the year ending 12/2019. While expenses have increased by 1.6% per year over the past 5 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2019
Describe the Organization's Mission:
Part 3 - Line 1
MONTEREY BAY EDUCATIONAL CENTER PROVIDES EDUCATION, SUPPORT AND MENTORING TO STUDENTS TO ENABLE THEM TO ACHIEVE PERSONAL GOALS, DEVELOP STRONG SKILL SETS, AND BUILD SOLID ACADEMIC FOUNDATIONS THAT WILL BE OF BENEFIT TO THEM THROUGHOUT THEIR LIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATED AN INDEPENDENT STUDY PROGRAM FOR STUDENTS IN GRADES 6 THROUGH 12, MATCHING EACH STUDENT'S LEARNING STYLE WITH THE OPTIMAL ACCREDITED PROGRAM TO BEST ENSURE ACADEMIC ACCOMPLISHMENT. DAY STUDENTS WORKED ONE-ON-ONE WITH QUALIFIED INDEPENDENT INSTRUCTORS. IN 2018, THE PROGRAM PROVIDED SERVICES TO 12 STUDENTS.
PROVIDED AFTER SCHOOL HOMEWORK SUPPORT FOR STUDENTS IN GRADES 6 THROUGH 12. STUDENTS WORKED INDEPENDENTLY OR IN GROUPS, WITH SUPERVISION AND GUIDANCE PROVIDED BY QUALIFIED INDEPENDENT INSTRUCTORS. IN 2018, THE PROGRAM PROVIDED PROCTERING SERVICES TO 8 STUDENTS, TUTORING STUDENT SERVICES TO 4 STUDENTS, AND EDUCATIONAL TESTING SERVICES TO 5 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Denise Kuehl Secretary | OfficerTrustee | 1 | $0 |
Adam Kinkade Board Chair | OfficerTrustee | 35 | $0 |
John Blyth Barrymore IV Cfo/office Mgr | OfficerTrustee | 40 | $0 |
Tina Silvestri President | OfficerTrustee | 40 | $0 |
Bret Silvestri Board Member | Trustee | 1 | $0 |
Kim-Marie Stevens Board Member | Trustee | 1 | $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 | $60,935 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $60,935 |
| Total Program Service Revenue | $316,389 |
| 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 | -$19,236 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $358,088 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $37,140 |
| Compensation of current officers, directors, key employees. | $18,570 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $163,850 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $12,814 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,075 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $33,194 |
| Advertising and promotion | $7,250 |
| Office expenses | $5,785 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $84,477 |
| Travel | $4,900 |
| 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 | $2,286 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $366,404 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $280 |
| 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 | $4,597 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,877 |
| Accounts payable and accrued expenses | $47,410 |
| 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 | $9,705 |
| Total liabilities | $57,115 |
| Net assets without donor restrictions | -$52,238 |
| 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 | $4,877 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Monterey Bay Educational Center has recieved totaling $5.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Magnolia Educational & Research Foundation Los Angeles, CA | $67,129,472 | $66,230,945 |
Panda Cares Foundation Inc Las Vegas, NV | $37,372,072 | $45,451,718 |
Xq Institute Oakland, CA | $14,589,368 | $51,717,404 |
Room To Read San Francisco, CA | $51,354,748 | $61,954,261 |
South Bay Workforce Investment Board Inc Hawthorne, CA | $7,623,488 | $36,083,167 |
Compass Charter Schools Thousand Oaks, CA | $14,467,036 | $29,961,787 |
New Teacher Center Santa Cruz, CA | $27,814,525 | $27,076,985 |
Alpha Public Schools Inc San Jose, CA | $20,794,542 | $26,321,038 |
Give To Learn To Grow Foundation Culver City, CA | $40,470 | $188,892 |
Live Oak A Learning Center For Children San Francisco, CA | $40,489,721 | $19,594,406 |
Biocomx Dana Point, CA | $308,692 | $15,969,949 |
Open Up Resources Menlo Park, CA | $29,661,554 | $16,279,319 |