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Nonprofiteer
← MONTEREY PENINSULA FOUNDATION

Form 990 for tax year 2024

Filed by MONTEREY PENINSULA FOUNDATION.

Totals

Total revenue
$19,338,570
Total expenses
$21,396,299
Contributions and grants received
$50,407,760
Grants paid
$17,535,486
Program service revenue
$0
Investment income
$942,377
Other revenue
-$32,011,567
Total assets, end of year
$50,692,748
Total liabilities, end of year
$8,068,314
Net assets or fund balances, end of year
$42,624,434
Program services expenses (Part IX)
$17,921,065
Management and general expenses
$745,264
Fundraising expenses
$2,729,970
Program service expenses (Part III)
$17,921,065

Program services were 83.8% 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.

  • 1c · Fundraising events

    $45,729,114

  • 1f · All other contributions, gifts and grants

    $4,678,646

  • 1g · Noncash contributions included above

    $60,173

  • 3 · Investment income

    total $773,847 · unrelated business $132,921 · excluded $640,926

  • 7a · Gross sales of assets other than inventory

    securities $5,982,258

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

    securities $5,813,728

  • 7c · Gain or loss

    securities $168,530

  • 7d · Net gain or loss

    total $168,530 · excluded $168,530

  • 8a · Fundraising events: gross income

    $2,421,250

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

    $45,729,114

  • 8b · Fundraising events: direct expenses

    $34,432,817

  • 8c · Net income from fundraising events

    total -$32,011,567 · excluded -$32,011,567

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $17,535,486 · program services $17,535,486

  • 5 · Compensation of officers, directors and key employees

    total $928,535 · management and general $297,240 · fundraising $631,295

  • 7 · Other salaries and wages

    total $966,516 · program services $172,967 · management and general $58,484 · fundraising $735,065

  • 8 · Pension plan contributions

    total $99,459 · program services $14,070 · management and general $9,300 · fundraising $76,089

  • 9 · Other employee benefits

    total $599,002 · program services $83,613 · management and general $66,835 · fundraising $448,554

  • 10 · Payroll taxes

    total $117,959 · program services $11,796 · management and general $20,053 · fundraising $86,110

  • 11f · Fees: investment management

    total $118,031 · management and general $118,031

  • 11g · Fees: other

    total $149,634 · program services $14,964 · management and general $25,437 · fundraising $109,233

  • 13 · Office expenses

    total $162,227 · program services $16,223 · management and general $27,578 · fundraising $118,426

  • 14 · Information technology

    total $113,695 · program services $11,370 · management and general $19,328 · fundraising $82,997

  • 16 · Occupancy

    total $71,637 · program services $7,164 · management and general $12,178 · fundraising $52,295

  • 22 · Depreciation, depletion and amortization

    total $485,447 · program services $48,545 · management and general $82,526 · fundraising $354,376

  • 24a · Other expenses: CONTINUING EDUCATION

    total $36,820 · program services $3,682 · management and general $6,259 · fundraising $26,879

  • 24b · Other expenses: DUES & SUBSCRIPTIONS

    total $11,851 · program services $1,185 · management and general $2,015 · fundraising $8,651

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $8,357,369 · end of year $8,433,503

  • 4 · Accounts receivable

    beginning of year $2,001,550 · end of year $1,116,704

  • 8 · Inventories for sale or use

    beginning of year $37,450 · end of year $14,500

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,266,404 · end of year $188,196

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

    $6,273,104

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

    $5,353,818

  • 10c · Land, buildings and equipment, net

    beginning of year $1,369,483 · end of year $919,286

  • 11 · Investments: publicly traded securities

    beginning of year $11,570,967 · end of year $12,233,481

  • 12 · Investments: other securities

    beginning of year $26,157,564 · end of year $27,453,553

  • 15 · Other assets

    beginning of year $442,414 · end of year $333,525

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,303,372 · end of year $1,461,780

  • 18 · Grants payable

    beginning of year $4,926,482 · end of year $2,589,125

  • 19 · Deferred revenue

    beginning of year $2,976,283 · end of year $3,677,453

  • 25 · Other liabilities

    beginning of year $447,591 · end of year $339,956

  • 27 · Net assets without donor restrictions

    beginning of year $41,549,473 · end of year $42,624,434

Mission and programs · 2024

Mission

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. THE FOUNDATION GENERATES FUNDS BY ARRANGING AND MANAGING THE ANNUAL GOLF TOURNAMENTS KNOWN AS "THE AT&T PEBBLE BEACH NATIONAL PRO-AMATEUR TOURNAMENT AND "THE PURE INSURANCE CHAMPIONSHIP AT PEBBLE BEACH."

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 187 GRANTS, 56 TOURNAMENT RELATED GIFTS, 21 SERVICE ORGANIZATION DONATIONS, AND 50 SPONSORSHIPS AND OTHER GIFTS DURING FISCAL YEAR ENDING 6/30/2025.

    Expenses $17,921,065 · Grants $17,535,486

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • CLINT EASTWOOD

    CHAIRMAN (THROUGH 6/26/25)

    Total calculated
    $0
    Hours/week
    1

  • DOUG MACKENZIE

    CHAIRMAN (AS OF 6/26/25)

    Total calculated
    $0
    Hours/week
    3

  • HEIDI UEBERROTH

    VICE CHAIRMAN (AS OF 6/26/25)

    Total calculated
    $0
    Hours/week
    3

  • MURRAY DEMO

    VICE CHAIRMAN (AS OF 6/26/25)

    Total calculated
    $0
    Hours/week
    1

  • DAVID GILL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LORI LEE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • WILLIAM PEROCCHI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ALEX SMITH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • PETER UEBERROTH

    VICE CHAIRMAN (THROUGH 4/22/25)

    Total calculated
    $0
    Hours/week
    1

  • JERRY YANG

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • STEVE JOHN

    CEO

    Total calculated
    $644,013
    From this org
    $572,813
    From related orgs
    $0
    Other
    $71,200
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $460,313
    Bonus
    $112,500
    Other
    $0
    Deferred
    $23,000
    Nontaxable benefits
    $48,200
    Filer's total
    $644,013

  • JEANNE KLEINSORG

    DIR OF FINANCE, SECRETARY

    Total calculated
    $232,615
    From this org
    $159,575
    From related orgs
    $0
    Other
    $73,040
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $159,575
    Bonus
    $0
    Other
    $0
    Deferred
    $15,275
    Nontaxable benefits
    $57,765
    Filer's total
    $232,615

  • NANCY ENTERLINE

    VP PHILANTHROPY

    Total calculated
    $323,666
    From this org
    $249,167
    From related orgs
    $0
    Other
    $74,499
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $209,167
    Bonus
    $40,000
    Other
    $0
    Deferred
    $24,918
    Nontaxable benefits
    $49,581
    Filer's total
    $323,666

  • LILY HANSEN

    SENIOR MARKETING MANAGER

    Total calculated
    $167,472
    From this org
    $129,135
    From related orgs
    $0
    Other
    $38,337
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $117,635
    Bonus
    $11,500
    Other
    $0
    Deferred
    $10,038
    Nontaxable benefits
    $28,299
    Filer's total
    $167,472

  • ERIN WAREHAM

    SENIOR SPONSORSHIP MGR

    Total calculated
    $160,156
    From this org
    $129,135
    From related orgs
    $0
    Other
    $31,021
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $117,635
    Bonus
    $11,500
    Other
    $0
    Deferred
    $11,763
    Nontaxable benefits
    $19,258
    Filer's total
    $160,156

  • KATIE HOENES

    PLAYER RELATIONS MGR

    Total calculated
    $160,879
    From this org
    $112,292
    From related orgs
    $0
    Other
    $48,587
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $102,292
    Bonus
    $10,000
    Other
    $0
    Deferred
    $11,229
    Nontaxable benefits
    $37,358
    Filer's total
    $160,879

  • AMBRY CAPISTRANO

    PHILANTHROPY PROGRAM MGR

    Total calculated
    $154,531
    From this org
    $108,923
    From related orgs
    $0
    Other
    $45,608
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $99,223
    Bonus
    $9,700
    Other
    $0
    Deferred
    $8,702
    Nontaxable benefits
    $36,906
    Filer's total
    $154,531

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

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

Provenance

Return type
form_990
Tax year
2024
Filed
13 January 2026
IRS schema version
2024v5.5
Source object
202640139349302109

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

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