University Corporation At Monterey Bay
- Assets
- $228.8m
- Revenue
- $72.9m
- Investments
- $0.0
- Employees
- 747
- Location
- Seaside, CA
- Founding
- 09/1995
- Data as of
- 06/2022
- 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 06/2022, University Corporation At Monterey Bay employed 747 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 06/2022, University Corporation At Monterey Bay generated $72.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $83.4m during the year ending 06/2022. While expenses have increased by 7.8% per year over the past 6 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 96 individual grants totaling $48,725,261. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
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:
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 |
|---|---|---|---|
Eduardo Ochoa PHD President | OfficerTrustee | 1 | $0 |
Katherine Kantardjieff Secretary/treasurer | OfficerTrustee | 1 | $0 |
Larry Samuels Executive Director | OfficerTrustee | 1 | $0 |
Maria Bellumori Faculty Director | Trustee | 1 | $0 |
John Fraire Student Affairs Director | Trustee | 1 | $0 |
David Ledesma Student Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ug2 Llc Janitorial Services | 6/29/22 | $1,183,290 |
Advanced Restoration Inc Plumbing Services | 6/29/22 | $840,683 |
Greystar Property Management | 6/29/22 | $578,634 |
Universal Coatings Inc Roofing | 6/29/22 | $491,957 |
Jm Electric Construction Services | 6/29/22 | $416,911 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $563,799 |
| Government grants | $18,058,052 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,734,947 |
| Noncash contributions included in lines 1a–1f | $25,511 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $23,356,798 |
| Total Program Service Revenue | $41,360,108 |
| Investment income | $1,602,514 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$523,981 |
| Net Gain/Loss on Asset Sales | $281,222 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $6,844,504 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $72,925,924 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $16,318,870 |
| Grants and other assistance to domestic individuals. | $511,575 |
| 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 | $15,390,401 |
| Pension plan accruals and contributions | $763,153 |
| Other employee benefits | $2,872,297 |
| Payroll taxes | $1,180,844 |
| Fees for services: Management | $578,634 |
| Fees for services: Legal | $41,969 |
| Fees for services: Accounting | $108,547 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $90,000 |
| Fees for services: Other | $9,822,388 |
| Advertising and promotion | $107,697 |
| Office expenses | $775,617 |
| Information technology | $921,618 |
| Royalties | $0 |
| Occupancy | $7,225,519 |
| Travel | $390,319 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $487,089 |
| Interest | $3,789,035 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,606,787 |
| Insurance | $0 |
| All other expenses | $99,624 |
| Total functional expenses | $83,426,081 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,968,576 |
| Savings and temporary cash investments | $4,529,018 |
| Pledges and grants receivable | $7,768,329 |
| Accounts receivable, net | $11,033,170 |
| 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 | $253,363 |
| Net Land, buildings, and equipment | $145,317,517 |
| Investments—publicly traded securities | $49,438,484 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $3,834 |
| Other assets | $7,512,948 |
| Total assets | $228,825,239 |
| Accounts payable and accrued expenses | $8,972,777 |
| Grants payable | $0 |
| Deferred revenue | $7,579,123 |
| 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 | $145,488,400 |
| Total liabilities | $162,040,300 |
| 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 | $66,784,939 |
| Total liabilities and net assets/fund balances | $228,825,239 |
Grants Awarded
Over the last fiscal year, University Corporation At Monterey Bay has awarded $16,318,870 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
CALIFORNIA STATE UNIVERSITY MONTEREY BAY PURPOSE: UNIVERSITY SUPPORT AND SCHOLARSHIPS | $14,506,770 |
FOUNDATION OF CALIFORNIA STATE UNIVERSITY MONTEREY BAY PURPOSE: UNIVERSITY SUPPORT | $678,132 |
CSU DOMINGUEZ HILLS FOUNDATION PURPOSE: SUBAWARD | $247,149 |
HARTNELL COLLEGE PURPOSE: SUBAWARD | $184,197 |
EL CAMINO COMMUNITY COLLEGE PURPOSE: SUBAWARD | $167,805 |
CSU CHANNEL ISLAND PURPOSE: SUBAWARD | $86,558 |