Community Foundation For Monterey County
- Assets
- $347.7m
- Revenue
- $59.4m
- Investments
- $9.3m
- Employees
- 22
- Location
- Monterey, CA
- Founding
- 03/1966
- Data as of
- 12/2020
- EIN
- 94-1615897
Organization Overview
Community Foundation For Monterey County is located in Monterey, CA. The organization was established in 1966. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2020, Community Foundation For Monterey County employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Foundation For Monterey County 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 12/2020, Community Foundation For Monterey County generated $59.4m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 17.2% each year . All expenses for the organization totaled $31.8m during the year ending 12/2020. While expenses have increased by 16.5% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO INSPIRE PHILANTHROPY AND BE A CATALYST FOR STRENGTHENING COMMUNITIES THROUGHOUT MONTEREY COUNTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANT PROGRAMS - AS THE LARGEST GRANTMAKING FOUNDATION IN MONTEREY COUNTY, THE COMMUNITY FOUNDATION PROVIDES FUNDING AND TECHNICAL ASSISTANCE SUPPORT TO A WIDE-RANGE OF NONPROFIT AND COMMUNITY ORGANIZATIONS PROVIDING NEEDED SERVICES IN THE PROGRAM AREAS OF ARTS AND CULTURE, CHILDREN AND YOUTH DEVELOPMENT, COMMUNITY DEVELOPMENT, HEALTH AND HUMAN SERVICES, ANIMAL WELFARE AND THE ENVIRONMENT. THE COMMUNITY FOUNDATION ALSO PROVIDES LEADERSHIP WITH SCHOLARSHIP PROGRAMS AND COMMUNITY INITIATIVES, INCLUDING THE COVID-19 COLLABORATIVE IN 2020-21. THESE GRANTS ARE MADE THROUGH A VARIETY OF FUND TYPES, INCLUDING DONOR ADVISED, SCHOLARSHIP, DESIGNATED, FIELD OF INTEREST AND UNRESTRICTED.
MONTEREY COUNTY GIVES! (MC GIVES!): MC GIVES! IS A SPECIAL PROJECT OF THE MONTEREY COUNTY WEEKLY, THE COMMUNITY FOUNDATION FOR MONTEREY COUNTY AND THE MONTEREY PENINSULA FOUNDATION AND WAS CREATED TO SUPPORT THE LOCAL NONPROFIT COMMUNITY WITH AN ANNUAL YEAR-END GIVING CAMPAIGN. IN 2020, 171 ORGANIZATIONS PARTICIPATED TO RAISE A TOTAL OF $7.7 MILLION. MC GIVES! HAS NOW RAISED AND CONTRIBUTED OVER $34 MILLION DOLLARS SINCE ITS INCEPTION ELEVEN YEARS AGO.
SCHOLARSHIPS: THE COMMUNITY FOUNDATION FOR MONTEREY COUNTY (CFMC) HOLDS AND ADMINISTERS MORE THAN 50 SCHOLARSHIP FUNDS THAT CREATE GREATER ACCESS TO HIGHER EDUCATION FOR DESERVING LOCAL STUDENTS. SCHOLARSHIPS HELP STUDENTS REALIZE THEIR POTENTIAL AND GROWING THE NUMBER OF STUDENTS WHO EARN COLLEGE DEGREES MAKES A BRIGHTER FUTURE FOR US ALL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel Baldwin President & CEO | Officer | 40 | $303,700 |
Christine Dawson VP Of Philanthropy | 40 | $147,735 | |
Diane Nonella Vpfinance & Hr | Officer | 40 | $141,423 |
Laurel Lee-Alexander VP Of Grants | 40 | $141,082 | |
Birt Johnson Jr Chair | OfficerTrustee | 2 | $0 |
Jan Vanderbilt Treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $67,163 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $57,187,793 |
| Noncash contributions included in lines 1a–1f | $18,791,577 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $57,254,956 |
| Total Program Service Revenue | $418,197 |
| Investment income | $7,170,447 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $17,755 |
| Net Gain/Loss on Asset Sales | -$5,524,206 |
| Net Income from Fundraising Events | -$4,000 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $59,371,913 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $27,933,827 |
| 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. | $513,081 |
| Compensation of current officers, directors, key employees. | $217,905 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,326,873 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $381,229 |
| Payroll taxes | $127,814 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $238,803 |
| Fees for services: Accounting | $38,057 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,233 |
| Advertising and promotion | $58,055 |
| Office expenses | $25,942 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $137,593 |
| 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 | $72,301 |
| Insurance | $17,585 |
| All other expenses | $103,872 |
| Total functional expenses | $31,836,881 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $28,046,167 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $283,909 |
| 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 | $7,345 |
| Net Land, buildings, and equipment | $3,705,150 |
| Investments—publicly traded securities | $274,944,520 |
| Investments—other securities | $9,287,312 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $31,384,791 |
| Total assets | $347,659,194 |
| Accounts payable and accrued expenses | $187,443 |
| Grants payable | $1,498,437 |
| 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 | $74,044,202 |
| Total liabilities | $75,730,082 |
| Net assets without donor restrictions | $71,806,093 |
| Net assets with donor restrictions | $200,123,019 |
| 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 | $347,659,194 |
Grants Awarded
Over the last fiscal year, Community Foundation For Monterey County has awarded $14,237,338 in support to 268 organizations.
| Grant Recipient | Amount |
|---|---|
Pacific Grove, CA PURPOSE: GENERAL SUPPORT | $583,974 |
FRIENDS OF LAGUNA SECA PURPOSE: GENERAL SUPPORT | $420,346 |
Big Sur, CA PURPOSE: DISASTER RELIEF | $383,925 |
Monterey, CA PURPOSE: MC GIVES / GENERAL SUPPORT | $277,456 |
Monterey, CA PURPOSE: MC GIVES / GENERAL SUPPORT | $259,352 |
Monterey, CA PURPOSE: MC GIVES / GENERAL SUPPORT | $254,009 |
Grants Recieved
Over the last fiscal year, we have identified 43 grants that Community Foundation For Monterey County has recieved totaling $6,559,927.
| Awarding Organization | Amount |
|---|---|
James Irvine Foundation San Francisco, CA PURPOSE: FOR AN ECONOMIC DEVELOPMENT INITIATIVE | $3,000,000 |
David And Lucile Packard Foundation Los Altos, CA PURPOSE: LOCAL GRANTMAKING | $1,320,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $733,900 |
Public Health Institute Oakland, CA PURPOSE: Technical Assistance | $300,000 |
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: COMMUNITY & HUMAN SERVICES | $250,000 |
Marti And Steve Diamond Charitable Foundation Las Vegas, NV PURPOSE: SUPPORT | $247,000 |
Endowment Analysis
| Beg. Balance | $161,596,558 |
| Earnings | $20,924,974 |
| Admin Expense | $2,241,956 |
| Net Contributions | $13,065,186 |
| Grants | $5,532,102 |
| Ending Balance | $187,812,660 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The San Diego Foundation San Diego, CA | $1,302,414,916 | $197,035,758 |
Orange County Community Foundation Newport Beach, CA | $457,446,426 | $112,983,825 |
Arizona Community Foundation Phoenix, AZ | $1,066,072,012 | $211,703,650 |
Hawaii Community Foundation Honolulu, HI | $884,612,842 | $128,317,869 |
Ventura County Community Foundation Camarillo, CA | $181,940,704 | $53,185,473 |
Santa Barbara Foundation Santa Barbara, CA | $456,585,072 | $53,590,434 |
The San Bruno Community Foundation San Bruno, CA | $57,381,282 | $2,122,835 |
Community Foundation For Monterey County Monterey, CA | $347,659,194 | $59,371,913 |
Community Foundation Santa Cruz County Aptos, CA | $201,628,792 | $52,106,005 |
Nevada Community Foundation Inc Las Vegas, NV | $244,409,532 | $23,282,106 |
Liberty Hill Foundation Los Angeles, CA | $22,845,623 | $26,116,303 |
Sacramento Region Community Foundation Sacramento, CA | $172,758,711 | $24,599,020 |