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Nonprofiteer
← MONTEREY INTERNATIONAL POP FESTIVAL INC

Form 990 for tax year 2022

Filed by MONTEREY INTERNATIONAL POP FESTIVAL INC.

Totals

Total revenue
$145,084
Total expenses
$78,808
Contributions and grants received
$102,300
Grants paid
$67,968
Program service revenue
$0
Investment income
$65
Other revenue
$42,719
Total assets, end of year
$295,448
Total liabilities, end of year
$25
Net assets or fund balances, end of year
$295,423
Program services expenses (Part IX)
$67,968
Management and general expenses
$10,840
Fundraising expenses
$0
Program service expenses (Part III)
$67,968

Program services were 86.2% 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

    $102,300

  • 3 · Investment income

    total $65 · excluded $65

  • 5 · Royalties

    total $42,719 · unrelated business $42,719

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $67,968 · program services $67,968

  • 11b · Fees: legal

    total $1,003 · management and general $1,003

  • 13 · Office expenses

    total $9,762 · management and general $9,762

  • 24a · Other expenses: STATE LICENSE & FEES

    total $75 · management and general $75

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $97,702 · end of year $163,913

  • 2 · Savings and temporary cash investments

    beginning of year $131,470 · end of year $131,535

  • 22 · Loans and payables to officers and key people

    beginning of year $25 · end of year $25

  • 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 $229,147 · end of year $295,423

Mission and programs · 2022

Mission

TO COLLECT & RECEIVE CONTRIBUTIONS. TO DISPOSE OF FUNDS EXCLUSIVELY FOR CHARITABLE, RELIGIOUS, SCIENTIFIC, LITERARY, ARTISTIC OR EDUCATIONAL PURPOSES.

  • SUPPORT CHARITABLE ORGANIZATIONS IMPROVING EDUCATIONS AND SOCIAL CAUSES THAT IMPROVE LIVES OF PEOPLE.

    Expenses $9,700 · Grants $9,700

  • SUPPORT CHARITABLE ORGANIZATIONS HELPING CHILDREN WITH SERIOUS MEDICAL CONDITIONS AND IMPROVING LIFE AFFECTED BY DISEASES.

    Expenses $34,768 · Grants $34,768

  • SUPPORT CHARITABLE ORGANIZATIONS PROVIDING MUSIC AND ART TO UNDERSERVED PUBLIC SCHOOL CHILDREN AND PREVIOUSLY INCARCERATED MEN AND WOMEN.

    Expenses $23,500 · Grants $23,500

As filed on the 2022 return.

Listed in Part VII

  • Lou Adler

    PRES/SEC

    Total calculated
    $0
    Hours/week
    0.1

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.

Grants on this return

Provenance

Return type
form_990
Tax year
2022
Filed
13 November 2023
IRS schema version
2022v5.0
Source object
202343199349312949

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