Form 990 for tax year 2023
Filed by MONTEREY COUNTY BUSINESS COUNCIL.
Totals
- Total revenue
- $1,967,312
- Total expenses
- $1,206,674
- Contributions and grants received
- $1,963,505
- Grants paid
- $222,000
- Program service revenue
- $0
- Investment income
- $3,807
- Other revenue
- $0
- Total assets, end of year
- $1,070,322
- Total liabilities, end of year
- $18,945
- Net assets or fund balances, end of year
- $1,051,377
- Program services expenses (Part IX)
- $1,133,881
- Management and general expenses
- $72,793
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,133,881
Program services were 94.0% 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.
-
1b · Membership dues
$194,228
-
1e · Government grants (contributions)
$1,736,422
-
1f · All other contributions, gifts and grants
$32,855
-
3 · Investment income
total $3,807 · related or exempt $3,807
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $222,000 · program services $222,000
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $172,139 · program services $129,104 · management and general $43,035
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $467,779 · program services $467,779
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $48,916 · program services $48,916
-
10 · Payroll taxes
total $34,798 · program services $34,798
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $0
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $49,680 · program services $49,680
-
12 · Advertising and promotion
total $37,742 · program services $37,742
-
13 · Office expenses
total $4,593 · management and general $4,593
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $9,727 · management and general $9,727
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $1,812 · management and general $1,812
-
24a · Other expenses: Program & Event Costs
total $111,951 · program services $111,951
-
24b · Other expenses: Other Program Direct Costs
total $31,911 · program services $31,911
-
24c · Other expenses: Web Development Maintenance
total $11,056 · management and general $11,056
-
24d · Other expenses: Telecommunication
total $892 · management and general $892
-
24e · All other expenses
total $1,678 · management and general $1,678
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $290,353 · end of year $314,656
-
2 · Savings and temporary cash investments
end of year $753,364
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
end of year $0
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$8,990
-
10b · Land, buildings and equipment: accumulated depreciation
$8,990
-
10c · Land, buildings and equipment, net
end of year $0
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $2,302 · end of year $2,302
-
17 · Accounts payable and accrued expenses
beginning of year $1,916 · end of year $18,945
-
31 · Retained earnings, endowment or other funds
beginning of year $290,739 · end of year $1,051,377
Mission and programs · 2023
Mission
TO PROVIDE COLLABORATIVE LEADERSHIP TO HELP PEOPLE FROM BUSINESS, GOVERNMENT, EDUCATION AND THE COMMUNITY WORK TOGETHER ON COUNTYWIDE ISSUES.
Activities or mission (Part I)
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
-
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.
Expenses $1,133,881 · Revenue $1,769,277
As filed on the 2023 return.
Listed in Part VII
-
Kimbley Craig
Executive Dir.
- Total calculated
- $155,000
- From this org
- $155,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $172,139
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $172,139
-
Luis Alvarez
Director
- Total calculated
- $0
- Hours/week
- 2
-
Chris Steinbruner
Chairman
- Total calculated
- $0
- Hours/week
- 2
-
Peter Scudder
Director
- Total calculated
- $0
- Hours/week
- 2
-
Joe Foster
Vice President
- Total calculated
- $0
- Hours/week
- 2
-
Amy Ivey
Secretary/Treas
- Total calculated
- $0
- Hours/week
- 2
-
Megan Hunter
Director
- Total calculated
- $0
- Hours/week
- 2
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
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
-
Salinas United Business Assoc
$83,500
Collaboration on covid response
-
Cal Coastal SBDC
$75,000
Collaboration on covid response
-
Monterey Bay DARTCC Mkg Team
$17,500
Collaboration on covid response
-
UC Monterey Bay
$10,000
Collaboration on covid response
-
Western Growers Service Corp
$7,500
Collaboration on covid response
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 15 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202403209349319035
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