Monterey County Business Council
- Assets
- $292.7k
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 12
- Location
- Salinas, CA
- Founding
- 02/1997
- Data as of
- 12/2022
- EIN
- 77-0417425
Organization Overview
Monterey County Business Council is located in Salinas, CA. The organization was established in 1997. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Monterey County Business Council employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Monterey County Business Council is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2022, Monterey County Business Council generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 22.2% each year . All expenses for the organization totaled $1.1m during the year ending 12/2022. While expenses have increased by 17.1% per year over the past 4 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
AN ALLIANCE OF BUSINESS EXECUTIVES AND PROFESSIONALS PROVIDING COLLABORATIVE LEADERSHIP TO HELP PEOPLE FROM BUSINESS, GOVERNMENT, EDUCATION AND THE THE COMMUNITY WORKING TOGETHER ON COUNTYWIDE ISSUES
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE COLLABORATIVE LEADERSHIP TO HELP PEOPLE FROM BUSINESS, GOVERNMENT, EDUCATION AND THE COMMUNITY WORK TOGETHER ON COUNTYWIDE ISSUES. AT MCBC, WE BELIEVE THAT BY WORKING TOGETHER, WE CAN CREATE A THRIVING BUSINESS ENVIRONMENT THAT BENEFITS EVERYONE IN THE COMMUNITY. THE BUILDING BUSINESS BACK WEBSITE SERVES AS AN INFORMATION HUB TO HELP BUSINESS OWNERS FIND GRANTS, LOANS, WORKSHOPS AND OTHER RESOURCES. WE ARE COLLABORATING WITH NUMEROUS OTHER LOCAL BUSINESS SUPPORT ORGANIZATIONS AND OFFER SERVICES IN ENGLISH AND SPANISH. THE BBB PROGRAM SERVES ALL BUSINESSES IN MONTEREY COUNTY, WITH AN EMPHASIS ON THOSE OPERATING IN UNINCORPORATED AREAS AS WELL AS THOSE OWNED BY MINORITIES, WOMEN AND/OR LGBTQ+.BUILDING BUSINESS BACK IS A PROGRAM OF THE COUNTY OF MONTEREY, OPERATED IN PARTNERSHIP WITH THE MONTEREY COUNTY BUSINESS COUNCIL. BUILDING BUSINESS BACK WILL OPERATE FROM 2022 THROUGH 2024, WITH FUNDING FROM THE US GOVERNMENTS AMERICAN RESCUE PLAN ACT OF 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kimbley Craig Executive Dir. | Trustee | 40 | $150,000 |
Luis Alvarez Past Chairman | Trustee | 2 | $0 |
Chris Steinbruner Chairman | OfficerTrustee | 2 | $0 |
Peter Scudder Director | Trustee | 2 | $0 |
Joe Foster Secretary | OfficerTrustee | 2 | $0 |
Amy Ivey Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $122,454 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,172,651 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,296,605 |
| Total Program Service Revenue | $0 |
| Investment income | $61 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $9,221 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,305,887 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $156,000 |
| 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. | $162,492 |
| Compensation of current officers, directors, key employees. | $40,623 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $470,772 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $26,372 |
| Payroll taxes | $39,558 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $933 |
| 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 | $115,391 |
| Advertising and promotion | $33,468 |
| Office expenses | $7,623 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $8,192 |
| Travel | $14,707 |
| 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 | $1,490 |
| All other expenses | $1,824 |
| Total functional expenses | $1,091,764 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $290,353 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,302 |
| Total assets | $292,655 |
| Accounts payable and accrued expenses | $1,916 |
| 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 | $0 |
| Total liabilities | $1,916 |
| 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 | $290,739 |
| Total liabilities and net assets/fund balances | $292,655 |
Grants Awarded
Over the last fiscal year, Monterey County Business Council has awarded $131,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
CALIFORNIA COASTAL RDC PURPOSE: Collaberation on covid response | $75,000 |
DIGITAL NEST INC PURPOSE: Collaberation on covid response | $10,000 |
MPC FOUNDATION-V PURPOSE: Collaberation on covid response | $10,000 |
MONTEREY PENINSULA CHAMBER PURPOSE: Collaberation on covid response | $10,000 |
SALINAS UNITED BUSINESS ASSOC PURPOSE: Collaberation on covid response | $26,000 |