Totals
- Total revenue
- $44,875,675
- Total expenses
- $50,214,969
- Contributions and grants received
- $19,135,378
- Grants paid
- $24,334,828
- Program service revenue
- $25,962,907
- Investment income
- -$222,610
- Other revenue
- $0
- Total assets, end of year
- $46,862,488
- Total liabilities, end of year
- $6,956,856
- Net assets or fund balances, end of year
- $39,905,632
- Program services expenses (Part IX)
- $45,600,102
- Management and general expenses
- $4,614,867
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $45,600,102
Program services were 90.8% 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.
-
1f · All other contributions, gifts and grants
$19,135,378
-
1g · Noncash contributions included above
$104,639
-
2a · Program service revenue: AT&T PEBBLE BEACH PRO-
total $21,546,577 · related or exempt $21,546,577
-
2b · Program service revenue: PURE INSURANCE CHAMPIO
total $4,416,330 · related or exempt $4,416,330
-
3 · Investment income
total $359,353 · unrelated business $129,736 · excluded $229,617
-
7a · Gross sales of assets other than inventory
securities $5,721,883
-
7b · Less cost or other basis and sales expenses
securities $6,303,846
-
7c · Gain or loss
securities -$581,963
-
7d · Net gain or loss
total -$581,963 · excluded -$581,963
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $18,029,828 · program services $18,029,828
-
2 · Grants to domestic individuals
total $6,305,000 · program services $6,305,000
-
5 · Compensation of officers, directors and key employees
total $760,352 · management and general $760,352
-
7 · Other salaries and wages
total $1,224,000 · management and general $1,224,000
-
8 · Pension plan contributions
total $95,910 · management and general $95,910
-
9 · Other employee benefits
total $437,430 · management and general $437,430
-
10 · Payroll taxes
total $128,752 · management and general $128,752
-
11f · Fees: investment management
total $536,055 · management and general $536,055
-
11g · Fees: other
total $208,512 · management and general $208,512
-
13 · Office expenses
total $93,868 · management and general $93,868
-
14 · Information technology
total $75,231 · management and general $75,231
-
16 · Occupancy
total $143,998 · management and general $143,998
-
17 · Travel
total $6,501 · management and general $6,501
-
22 · Depreciation, depletion and amortization
total $595,110 · management and general $595,110
-
23 · Insurance
total $22,548 · management and general $22,548
-
24a · Other expenses: GOLF EVENT EXPENSES
total $13,116,232 · program services $13,116,232
-
24b · Other expenses: GOLF EVENT FEES
total $4,172,831 · program services $4,172,831
-
24c · Other expenses: TENTS
total $3,976,211 · program services $3,976,211
-
24d · Other expenses: BAD DEBT
total $250,355 · management and general $250,355
-
24e · All other expenses
total $36,245 · management and general $36,245
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $7,717,698 · end of year $6,640,897
-
4 · Accounts receivable
beginning of year $1,458,927 · end of year $820,435
-
8 · Inventories for sale or use
beginning of year $194,855 · end of year $62,003
-
9 · Prepaid expenses and deferred charges
beginning of year $1,205,296 · end of year $1,399,831
-
10a · Land, buildings and equipment: cost or other basis
$6,232,230
-
10b · Land, buildings and equipment: accumulated depreciation
$4,304,935
-
10c · Land, buildings and equipment, net
beginning of year $2,281,206 · end of year $1,927,295
-
11 · Investments: publicly traded securities
beginning of year $10,019,892 · end of year $9,858,218
-
12 · Investments: other securities
beginning of year $26,523,213 · end of year $25,622,073
-
15 · Other assets
beginning of year $19,157 · end of year $531,736
-
17 · Accounts payable and accrued expenses
beginning of year $1,077,277 · end of year $807,017
-
18 · Grants payable
beginning of year $1,029,034 · end of year $2,441,409
-
19 · Deferred revenue
beginning of year $3,789,700 · end of year $3,175,577
-
25 · Other liabilities
beginning of year $0 · end of year $532,853
-
27 · Net assets without donor restrictions
beginning of year $43,524,233 · end of year $39,905,632
Mission and programs · 2022
Mission
TO PROMOTE AND PERPETUATE THE SPORT OF GOLF INCLUDING ARRANGING AND MANAGING THE ANNUAL GOLF TOURNAMENT KNOWN AS "THE AT&T PEBBLE BEACH NATIONAL PRO-AMATEUR TOURNAMENT, AND TO IMPROVE THE QUALITY OF LIFE IN MONTEREY COUNTY AND SURROUNDING AREAS BY PROVIDING GRANTS TO NONPROFIT ORGANIZATIONS THAT BENEFIT THE COMMUNITY IN THE AREAS OF YOUTH, EDUCATION, HEALTH AND HUMAN SERVICES, ARTS AND CULTURE, AND COMMUNITY AND ENVIRONMENT.
Activities or mission (Part I)
HOSTING THE AT&T PEBBLE BEACH PRO-AM AND THE PURE INSURANCE CHAMPIONSHIP AT PEBBLE BEACH.
-
THE MONTEREY PENINSULA FOUNDATION ENHANCES THE QUALITY OF LIFE IN MONTEREY COUNTY AND SURROUNDING AREAS THROUGH STRATEGIC DISBURSEMENT OF CHARITABLE FUNDS GENERATED BY HOSTING THE AT&T PEBBLE BEACH PRO-AM AND THE PURE INSURANCE CHAMPIONSHIP AT PEBBLE BEACH. THE FOUNDATION PROVIDED 206 GRANTS, 47 TOURNAMENT RELATED GIFTS, 29 SERVICE ORGANIZATION DONATIONS, AND 35 SPONSORSHIPS AND OTHER GIFTS DURING FISCAL YEAR ENDING 6/30/2023.
Expenses $45,600,102 · Grants $24,334,828 · Revenue $25,962,907
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Clint EastwoodCLINT EASTWOOD
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 3
-
Peter UeberrothPETER UEBERROTH
VICE CHAIRMAN
- Total calculated
- $0
- Hours/week
- 3
-
Lori LeeLORI LEE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jerry YangJERRY YANG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Murray DemoMURRAY DEMO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
William PerocchiWILLIAM PEROCCHI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Doug MacKenzieDOUG MACKENZIE
VICE CHAIRMAN
- Total calculated
- $0
- Hours/week
- 3
-
Heidi UeberrothHEIDI UEBERROTH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
David GillDAVID GILL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Steve JohnSTEVE JOHN
CEO
- Total calculated
- $623,630
- From this org
- $570,937
- From related orgs
- $0
- Other
- $52,693
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $570,937
- Bonus
- $0
- Other
- $0
- Deferred
- $20,500
- Nontaxable benefits
- $32,193
- Filer's total
- $623,630
-
Jordan CuppsJORDAN CUPPS
DIR. OF FINANCE (THRU 2/2023)
- Total calculated
- $85,703
- From this org
- $78,512
- From related orgs
- $0
- Other
- $7,191
- Hours/week
- 40
-
Jeanne KleinsorgJEANNE KLEINSORG
DIR. OF FINANCE (STARTING 3/2023)
- Total calculated
- $0
- Hours/week
- 40
-
Lesley VarneyLESLEY VARNEY
DIR. MARKETING
- Total calculated
- $246,862
- From this org
- $198,993
- From related orgs
- $0
- Other
- $47,869
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $198,993
- Bonus
- $0
- Other
- $0
- Deferred
- $19,899
- Nontaxable benefits
- $27,970
- Filer's total
- $246,862
-
Nancy EnterlineNANCY ENTERLINE
VP PHILANTHROPY
- Total calculated
- $270,017
- From this org
- $220,583
- From related orgs
- $0
- Other
- $49,434
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $220,583
- Bonus
- $0
- Other
- $0
- Deferred
- $16,312
- Nontaxable benefits
- $33,122
- Filer's total
- $270,017
-
Morgan FalorMORGAN FALOR
FORMER EXECUTIVE DIR. (THRU 4/2022)
- Total calculated
- $145,166
- From this org
- $127,243
- From related orgs
- $0
- Other
- $17,923
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $127,243
- Bonus
- $0
- Other
- $0
- Deferred
- $12,724
- Nontaxable benefits
- $5,199
- Filer's total
- $145,166
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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
-
$1,317,566
OPERATING SUPPORT
-
COMMUNITY FOUNDATION FOR MONTEREY COUNTY
$1,005,000
OPERATING SUPPORT
-
$614,144
OPERATING SUPPORT
-
OPERATING SUPPORT
-
$450,000
OPERATING SUPPORT
-
$450,000
OPERATING SUPPORT
-
OPERATING SUPPORT
-
FIRST 5 MONTEREY COUNTY
$375,000
OPERATING SUPPORT
-
UNITED WAY OF SANTA CRUZ COUNTY
$325,000
OPERATING SUPPORT
-
OPERATING SUPPORT
The 10 largest by cash amount. The API serves every itemized grant.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 29 April 2024
- IRS schema version
- 2022v5.0
- Source object
- 202431309349304633
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.