University Corporation At Monterey Bay
- Assets
- $199.9m
- Revenue
- $49.2m
- Investments
- $0.0
- Employees
- 784
- Location
- Seaside, CA
- Founding
- 09/1995
- Data as of
- 06/2021
- EIN
- 77-0387459
Organization Overview
University Corporation At Monterey Bay is located in Seaside, CA. The organization was established in 1995. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2021, University Corporation At Monterey Bay employed 784 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Corporation At 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 06/2021, University Corporation At Monterey Bay generated $49.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $56.8m during the year ending 06/2021. While expenses have increased by 5.2% 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, University Corporation At Monterey Bay has awarded 75 individual grants totaling $32,406,391. 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 FURTHER THE PROGRAMS OF THE CALIFORNIA STATE UNIVERSITY, MONTEREY BAY AND SUPPORT THE UNIVERSITY'S SCIENTIFIC, LITERARY, EDUCATIONAL AND CHARITABLE PURPOSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOUSING, DINING AND RESIDENTIAL LIFE PROGRAM FOR STUDENTS, FACULTY AND STAFF OF THE UNIVERSITY.
GRANTS & CONTRACTS: EXTERNALLY SPONSORED PROJECTS ADMINISTERED BY THE CORPORATION FOR THE UNIVERSITY.
CAMPUS SUPPORT, DEVELOPMENT AND INFRASTRUCTURE: VARIOUS BUILDING AND OTHER PROJECTS FOR THE BENEFIT OF THE UNIVERSITY AND ITS AUXILIARIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Starr Lee Associate Executive Direct | 40 | $175,867 | |
Forrest Melton Sr. Scientist | 40 | $153,944 | |
Sherry Baggett Controller | 40 | $143,182 | |
Lee Johnson Sr. Scientist | 40 | $139,406 | |
Vincent Gerard Ambrosia Sr. Scientist | 40 | $137,872 | |
Eduardo Ochoa PHD President | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Andy's Roofing Company Inc Roofing | 6/29/21 | $535,575 |
Frank M Booth Inc Construction | 6/29/21 | $654,727 |
Greystar Property Management | 6/29/21 | $453,678 |
Central Electric Electrical | 6/29/21 | $331,118 |
Universal Coatings Inc Roofing | 6/29/21 | $354,861 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $20,286,607 |
| Investment income | $962,154 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$427,192 |
| Net Gain/Loss on Asset Sales | $3,527,418 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $80,926 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $49,155,763 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $765,591 |
| 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 to disqualified persons | $0 |
| Other salaries and wages | $14,037,936 |
| Pension plan accruals and contributions | $711,208 |
| Other employee benefits | $2,644,315 |
| Payroll taxes | $835,495 |
| Fees for services: Management | $453,678 |
| Fees for services: Legal | $52,156 |
| Fees for services: Accounting | $116,997 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $85,000 |
| Fees for services: Other | $2,488,237 |
| Advertising and promotion | $76,250 |
| Office expenses | $1,283,389 |
| Information technology | $851,889 |
| Royalties | $0 |
| Occupancy | $5,846,274 |
| Travel | $55,037 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $204,250 |
| Interest | $3,781,613 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,998,334 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $56,832,365 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,839,929 |
| Savings and temporary cash investments | $9,991,518 |
| Pledges and grants receivable | $4,426,263 |
| Accounts receivable, net | $13,473,109 |
| 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 | $214,078 |
| Investments—publicly traded securities | $38,396,483 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $19,253 |
| Other assets | $7,470,144 |
| Total assets | $199,917,843 |
| Accounts payable and accrued expenses | $3,943,222 |
| Grants payable | $0 |
| Deferred revenue | $2,230,255 |
| 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 | $125,058,213 |
| Total liabilities | $131,231,690 |
| 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 |
| Total liabilities and net assets/fund balances | $68,686,153 |
Grants Awarded
Over the last fiscal year, University Corporation At Monterey Bay has awarded $6,673,905 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
CALIFORNIA STATE UNIVERSITY MONTEREY BAY PURPOSE: UNIVERSITY SUPPORT AND SCHOLARSHIPS | $5,259,289 |
HARTNELL COLLEGE PURPOSE: SUBAWARD | $475,662 |
San Luis Obispo, CA PURPOSE: SUBAWARD | $288,992 |
EL CAMINO COMMUNITY COLLEGE PURPOSE: SUBAWARD | $205,499 |
Carson, CA PURPOSE: SUBAWARD | $199,698 |
Seaside, CA PURPOSE: UNIVERSITY SUPPORT | $101,541 |
Grants Recieved
Over the last fiscal year, we have identified 18 grants that University Corporation At Monterey Bay has recieved totaling $1,002,384.
| Awarding Organization | Amount |
|---|---|
Strivetogether Inc Cincinnati, OH PURPOSE: Challenge Fund | $250,000 |
Foundation Of California State University Monterey Bay Seaside, CA PURPOSE: SCHOLARSHIPS | $165,632 |
Koret Foundation San Francisco, CA PURPOSE: KORET SCHOLARS PROGRAM | $106,460 |
Koret Foundation San Francisco, CA PURPOSE: 30-TO-FINISH PROGRAM | $100,000 |
College Futures Foundation Oakland, CA PURPOSE: STUDENT-CENTRIC PRACTICES PROGRAM GRANT | $100,000 |
Spencer Foundation Chicago, IL PURPOSE: WRITING FROM THE HEART: TEACHER INQUIRY INTO CULTURALLY SUSTAINING WRITING PEDAGOGY | $60,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Enterprises Inc Sacramento, CA | $150,298,368 | $99,291,560 |
University Of California Irvine Foundation Irvine, CA | $884,006,067 | $143,548,070 |
U C San Diego Foundation La Jolla, CA | $1,658,962,820 | $199,905,173 |
California State University Fresno Foundation Fresno, CA | $305,581,286 | $82,049,002 |
University Of Hawaii Foundation Honolulu, HI | $548,406,506 | $76,733,850 |
University Corporation At Monterey Bay Seaside, CA | $199,917,843 | $49,155,763 |
San Jose State University Research Foundation San Jose, CA | $57,091,451 | $53,661,013 |
University Of Nevada-Reno Foundation Reno, NV | $310,760,494 | $35,673,494 |
The U C Davis Foundation Davis, CA | $716,342,130 | $110,976,640 |
Southwestern Law School Los Angeles, CA | $126,801,745 | $54,692,632 |
Associated Students Ucla Los Angeles, CA | $54,580,827 | $39,327,069 |
Csu Fullerton Auxiliary Services Corporation Fullerton, CA | $104,352,109 | $45,637,535 |