Skip to content
Nonprofiteer
← PEBBLE BEACH COMPANY FOUNDATION

Form 990 for tax year 2024

Filed by PEBBLE BEACH COMPANY FOUNDATION.

Totals

Total revenue
$4,326,826
Total expenses
$2,155,680
Contributions and grants received
$3,478,489
Grants paid
$2,032,168
Program service revenue
$0
Investment income
$848,337
Other revenue
$0
Total assets, end of year
$32,529,794
Total liabilities, end of year
$1,242,042
Net assets or fund balances, end of year
$31,287,752
Program services expenses (Part IX)
$2,032,168
Management and general expenses
$123,512
Fundraising expenses
$0
Program service expenses (Part III)
$2,032,168

Program services were 94.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $696,343

  • 1d · Related organizations

    $76,783

  • 1f · All other contributions, gifts and grants

    $2,705,363

  • 1g · Noncash contributions included above

    $36,367

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $848,337 · excluded $848,337

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $349,433

  • 7b · Less cost or other basis and sales expenses

    securities $349,433

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 7d · Net gain or loss

    total $0 · excluded $0

  • 8a · Fundraising events: gross income

    $5,973,271

  • 8a · Fundraising events: contributions included on line 1c

    $696,343

  • 8b · Fundraising events: direct expenses

    $5,973,271

  • 8c · Net income from fundraising events

    total $0 · excluded $0

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,887,168 · program services $1,887,168

  • 2 · Grants to domestic individuals

    total $145,000 · program services $145,000

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 11b · Fees: legal

    total $3,045 · management and general $3,045

  • 11c · Fees: accounting

    total $33,776 · management and general $33,776

  • 11f · Fees: investment management

    total $3,000 · management and general $3,000

  • 11g · Fees: other

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $2,745 · management and general $2,745

  • 14 · Information technology

    total $17,114 · management and general $17,114

  • 19 · Conferences, conventions and meetings

    total $8,103 · management and general $8,103

  • 23 · Insurance

    total $1,981 · management and general $1,981

  • 24a · Other expenses: CREDIT CARD FEES

    total $42,247 · management and general $42,247

  • 24b · Other expenses: SCHOLARSHIP MANAGEMENT

    total $5,780 · management and general $5,780

  • 24c · Other expenses: ANNUAL REPORT

    total $5,721 · management and general $5,721

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $0 · end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $3,639,960 · end of year $3,603,544

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $0 · end of year $0

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $0

  • 10b · Land, buildings and equipment: accumulated depreciation

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $23,570,586 · end of year $28,176,250

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $750,000 · end of year $750,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $422,172 · end of year $405,838

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $833,879 · end of year $836,204

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $26,704,495 · end of year $31,287,752

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $0 · end of year $0

Mission and programs · 2024

Mission

Our mission is to provide quality educational opportunities for Monterey County youth. We are committed to funding quality educational programs and awarding scholarships and financial aid to benefit Monterey County students from pre-kindergarten to postgraduate levels. These awards create a brighter future for our youth and our community.

Activities or mission (Part I)

To provide quality educational opportunities for Monterey County youth. We are committed to funding quality educational programs & awarding scholarships & financial aid to benefit Monterey County students.

  • GRANTS TO CHARITABLE ORGANIZATIONS.

    Expenses $1,887,168 · Grants $1,887,168

  • PROVIDE SCHOLARSHIPS TO QUALIFIED CHILDREN OF PEBBLE BEACH COMPANY EMPLOYEES.

    Expenses $145,000 · Grants $145,000

As filed on the 2024 return.

Listed in Part VII

  • Jean Stivers

    SECRETARY/DIRECTOR

    Total calculated
    $0
    Hours/week
    10

  • Judah Matthews

    TREASURER/DIRECTOR

    Total calculated
    $0
    Hours/week
    10 + 50 related

  • Mercedes De Luca

    VICE PRESIDENT/DIRECTOR

    Total calculated
    $0
    Hours/week
    10 + 50 related

  • Susan Merfeld

    PRESIDENT/DIRECTOR

    Total calculated
    $0
    Hours/week
    30 + 20 related

  • Christine Perocchi

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Cindy Zoller

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Dan Green

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Hubert Allen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    10 + 40 related

  • John Sawin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    10 + 50 related

  • Robert Skinner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Teddy Balestreri

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Kathleen Lee

    EXECUTIVE DIRECTOR (AS OF 4/24)

    Total calculated
    $0
    Hours/week
    10 + 50 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • PEBBLE BEACH CO

    N/A · LUXURY GOLF RESORT · CA

    Directly controlled by na

Provenance

Return type
form_990
Tax year
2024
Filed
14 November 2025
IRS schema version
2024v5.1
Source object
202533189349314303

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.