Monterey Wine Festival Educational Foundation Inc
- Assets
- $41.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Monterey, CA
- Founding
- 06/2016
- Data as of
- 07/2019
- EIN
- 94-2702502
Organization Overview
Monterey Wine Festival Educational Foundation Inc is located in Monterey, CA. The organization was established in 2016. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Monterey Wine Festival Educational Foundation Inc 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 07/2019, Monterey Wine Festival Educational Foundation Inc generated $49.0 in total revenue. All expenses for the organization totaled $19.5k during the year ending 07/2019.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2019
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATIONS PURPOSE IS TO PROVIDE EDUCATIONAL SCHOLARSHIP FUNDS. ITS FUNDING IS OBTAINED THROUGH AUCTIONS OF WINE AND OTHER IN-KIND ITEMS, MOST OF WHICH ARE DONATED TO THE ORGANIZATION, INCLUDING SERVICES AND FACILITIES NECESSARY FOR THE AUCTION, BY THE BOARD OF DIRECTORS AND OTHER SUPPORTING INDIVIDUALS. THE REPORTED IN-KIND VALUE OF THESE DONATIONS IS THE AMOUNT RECEIVED AT AUCTION, OR FAIR-MARKET VALUE IF KNOWN. FOR THE REPORTING YEAR ENDED JULY 31, 2019 THE ANNUAL AUCTION WAS TAKEN OVER BY ANOTHER ORGANIZATION, FORMERLY A GRANT RECIPIENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carol Chorbajian President | 2 | $0 | |
Michael Zimmerman Sec/treasurer | 2 | $0 | |
Ted Balesteri Director | 2 | $0 | |
Richard G Peterson PHD Director | 2 | $0 | |
David Armanasco Director | 2 | $0 | |
Fred Dame Ms Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $49 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $49 |
| Statement of Expenses | |
|---|---|
| Total expenses | $19,461 |
| Balance Sheet | |
|---|---|
| Total assets | $41,203 |
| Total liabilities | $0 |
| Net assets or fund balances | $41,203 |
Grants Awarded
Over the last fiscal year, Monterey Wine Festival Educational Foundation Inc has awarded $285,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Washington, DC PURPOSE: Scholarships | $250,000 |
RANCHO CIELO YOUTH CAMPUS PURPOSE: Disadvantaged Youth Programs | $25,000 |
COMMUNITY FOUNDATION FOR MC PURPOSE: Community Grants and Scholarships | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Monterey Wine Festival Educational Foundation Inc has recieved totaling $7,000.
| Awarding Organization | Amount |
|---|---|
Patricia Miller Anton And William Conrad Anton Foudation Las Vegas, NV PURPOSE: FINANCIAL SUPPORT | $7,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Foundation For Global Sports Development Los Angeles, CA | $28,471,591 | $19,690,244 |
Ressler Gertz Foundation Encino, CA | $41,227,955 | $63,459,065 |
Basic Fund Oakland, CA | $23,987,500 | $9,637,782 |
The Roddenberry Foundation Sherman Oaks, CA | $90,372,865 | $11,204,960 |
Scholarship Foundation Of Santa Barbara Santa Barbara, CA | $64,291,323 | $9,987,149 |
Bettye Poetz Ferguson Foundation San Francisco, CA | $18,979,772 | $3,373,943 |
Arizona Private Education Scholarship Fund Inc Scottsdale, AZ | $4,340,429 | $7,500,005 |
Gilead Sciences Foundation Foster City, CA | $126,155,891 | $168,265,797 |
Draper Foundation San Mateo, CA | $195,149,192 | $78,341,825 |
School Choice Arizona Inc Chandler, AZ | $10,615,298 | $8,926,972 |
College Success Arizona Phoenix, AZ | $19,037,884 | $6,349,882 |
Orange Coast College Foundation Costa Mesa, CA | $45,211,375 | $13,270,788 |