Form 990 for tax year 2025
Filed by MONTEREY BAY ECONOMIC PARTNERSHIP INC.
Totals
- Total revenue
- $1,960,757
- Total expenses
- $1,730,420
- Contributions and grants received
- $1,435,633
- Grants paid
- $0
- Program service revenue
- $524,880
- Investment income
- $244
- Other revenue
- $0
- Total assets, end of year
- $3,214,709
- Total liabilities, end of year
- $485,527
- Net assets or fund balances, end of year
- $2,729,182
- Program services expenses (Part IX)
- $1,301,897
- Management and general expenses
- $356,222
- Fundraising expenses
- $72,301
- Program service expenses (Part III)
- $1,301,897
Program services were 75.2% 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
$1,435,633
-
2a · Program service revenue: Membership Dues
total $524,880 · related or exempt $524,880
-
3 · Investment income
total $244 · excluded $244
-
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 $0
-
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 $211,615 · program services $169,005 · management and general $22,024 · fundraising $20,586
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $707,546 · program services $607,190 · management and general $73,996 · fundraising $26,360
-
8 · Pension plan contributions
total $1,788 · program services $1,341 · management and general $358 · fundraising $89
-
9 · Other employee benefits
total $93,712 · program services $69,765 · management and general $18,742 · fundraising $5,205
-
10 · Payroll taxes
total $74,425 · program services $55,819 · management and general $14,885 · fundraising $3,721
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $1,795 · program services $1,346 · management and general $359 · fundraising $90
-
11d · Fees: lobbying
total $50,000 · program services $50,000
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $255,573 · program services $179,180 · management and general $61,115 · fundraising $15,278
-
12 · Advertising and promotion
total $11,000 · program services $8,800 · management and general $2,200
-
13 · Office expenses
total $3,005 · program services $1,503 · management and general $1,502
-
14 · Information technology
total $29,203 · program services $14,601 · management and general $14,602
-
15 · Royalties
total $0
-
16 · Occupancy
total $27,751 · program services $20,393 · management and general $7,358
-
17 · Travel
total $20,664 · program services $17,929 · management and general $2,735
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $4,861 · program services $3,403 · management and general $486 · fundraising $972
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $2,279 · program services $1,823 · management and general $456
-
23 · Insurance
total $4,529 · program services $2,265 · management and general $2,264
-
24a · Other expenses: Bad Debt
total $109,619 · management and general $109,619
-
24b · Other expenses: Events
total $100,055 · program services $80,044 · management and general $20,011
-
24c · Other expenses: Processing Fees
total $13,900 · program services $11,810 · management and general $2,090
-
24d · Other expenses: Sponsorships
total $7,100 · program services $5,680 · management and general $1,420
-
24e · All other expenses
total $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $879,668 · end of year $886,913
-
2 · Savings and temporary cash investments
beginning of year $383,682 · end of year $531,172
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
beginning of year $428,573 · end of year $681,242
-
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
beginning of year $300 · end of year $7,400
-
10a · Land, buildings and equipment: cost or other basis
$27,174
-
10b · Land, buildings and equipment: accumulated depreciation
$22,715
-
10c · Land, buildings and equipment, net
beginning of year $4,258 · end of year $4,459
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
beginning of year $1,121,202 · end of year $1,103,523
-
14 · Intangible assets
end of year $0
-
15 · Other assets
end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $158,838 · end of year $127,873
-
19 · Deferred revenue
beginning of year $160,000 · end of year $357,654
-
27 · Net assets without donor restrictions
beginning of year $2,272,755 · end of year $2,333,192
-
28 · Net assets with donor restrictions
beginning of year $226,090 · end of year $395,990
Mission and programs · 2025
Mission
TO IMPROVE THE ECONOMIC HEALTH AND QUALITY OF LIFE IN THE MONTEREY BAY REGION.
-
ITS MISSION IS TO CREATE A THRIVING REGION IN THE TRI COUNTY AREA OF SANTA CRUZ SAN BENITO, AND MONTEREY, WITH QUALITY JOBS, EXCELLENT EDUCATION, INCREASING HOUSING SUPPLY, DIGITAL BROADBAND EQUITY, AND HEALTHCARE, WHILE PRESERVING THE NATURE, BEAUTY AND A HEALTHY LIFESTYLE OF THE TRI COUNTY AREA.
Expenses $1,301,897 · Revenue $524,880
As filed on the 2025 return.
Listed in Part VII
-
Tahra GorayaTAHRA GORAYA
President & CEO
- Total calculated
- $214,167
- From this org
- $207,398
- From related orgs
- $0
- Other
- $6,769
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $207,398
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- $6,769
- Filer's total
- $214,167
-
Cynthia Larive
President
- Total calculated
- $0
- Hours/week
- 1
-
Elissa BensonELISSA BENSON
Director
- Total calculated
- $0
- Hours/week
- 1
-
Katy CastagnaKATY CASTAGNA
Director
- Total calculated
- $0
- Hours/week
- 1
-
Mark Delos Reyes DavisMARK DELOS REYES DAVIS
Director
- Total calculated
- $0
- Hours/week
- 1
-
Michael GutierrezMICHAEL GUTIERREZ
Director
- Total calculated
- $0
- Hours/week
- 1
-
Vanya QuinonesVANYA QUINONES
Director
- Total calculated
- $0
- Hours/week
- 1
-
Sonia M De La RosaSONIA M DE LA ROSA
Director
- Total calculated
- $0
- Hours/week
- 1
-
Krista Snelling
President
- Total calculated
- $0
- Hours/week
- 1
-
Tom Moran
Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
Francine Rodd
Director
- Total calculated
- $0
- Hours/week
- 1
-
Rene MendezRENE MENDEZ
Director
- Total calculated
- $0
- Hours/week
- 2
-
Ben OwBEN OW
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Miles ReiterMILES REITER
Director
- Total calculated
- $0
- Hours/week
- 1
-
Bonny Simi
Director
- Total calculated
- $0
- Hours/week
- 1
-
Faris SabbahFARIS SABBAH
Director
- Total calculated
- $0
- Hours/week
- 1
-
Jeff Wardwell
Director
- Total calculated
- $0
- Hours/week
- 1
-
Sandi Eason
Director
- Total calculated
- $0
- Hours/week
- 1
-
Matt Huffaker
Director
- Total calculated
- $0
- Hours/week
- 1
-
Rob ShawROB SHAW
Director
- Total calculated
- $0
- Hours/week
- 1
-
Matt Wetstein
Director
- Total calculated
- $0
- Hours/week
- 1
-
Teresa Alvarado
Director
- Total calculated
- $0
- Hours/week
- 1
-
Hennie Ring
Director
- Total calculated
- $0
- Hours/week
- 1
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 · Form 990 of other organizations
- 3 · Written employment contract
- 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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2025
- Filed
- 25 August 2026
- IRS schema version
- 2025v4.1
- Source object
- 202612379349301316
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