Form 990 for tax year 2025
Filed by MONTEREY PENINSULA COLLEGE FOUNDATION.
Totals
- Total revenue
- $2,086,543
- Total expenses
- $2,105,520
- Contributions and grants received
- $1,589,373
- Grants paid
- $1,178,152
- Program service revenue
- $254,097
- Investment income
- $243,073
- Other revenue
- $0
- Total assets, end of year
- $17,020,523
- Total liabilities, end of year
- $1,440,033
- Net assets or fund balances, end of year
- $15,580,490
- Program services expenses (Part IX)
- $1,645,533
- Management and general expenses
- $177,683
- Fundraising expenses
- $282,304
- Program service expenses (Part III)
- $1,645,533
Program services were 78.2% 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.
-
1a · Federated campaigns
$0
-
1b · Membership dues
$0
-
1c · Fundraising events
$52,868
-
1d · Related organizations
$0
-
1e · Government grants (contributions)
$0
-
1f · All other contributions, gifts and grants
$1,536,505
-
1g · Noncash contributions included above
$0
-
2a · Program service revenue: Other activity
total $254,097 · related or exempt $254,097 · unrelated business $0 · excluded $0
-
2b · Program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
2c · Program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
2d · Program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
2e · Program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
2f · All other program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
3 · Investment income
total $216,905 · related or exempt $0 · unrelated business $0 · excluded $216,905
-
4 · Income from investment of tax-exempt bond proceeds
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
5 · Royalties
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
6a · Gross rents
real property $0 · personal property $0
-
6b · Less rental expenses
real property $0 · personal property $0
-
6c · Rental income or loss
real property $0 · personal property $0
-
6d · Net rental income or loss
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
7a · Gross sales of assets other than inventory
securities $1,643,331 · other assets $0
-
7b · Less cost or other basis and sales expenses
securities $1,617,163 · other assets $0
-
7c · Gain or loss
securities $26,168 · other assets $0
-
7d · Net gain or loss
total $26,168 · related or exempt $0 · unrelated business $0 · excluded $26,168
-
8a · Fundraising events: gross income
$67,178
-
8a · Fundraising events: contributions included on line 1c
$67,178
-
8b · Fundraising events: direct expenses
$67,178
-
8c · Net income from fundraising events
total $0 · unrelated business $0 · excluded $0
-
9a · Gaming: gross income
$0
-
9b · Gaming: direct expenses
$0
-
9c · Net income from gaming
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
10a · Gross sales of inventory
$0
-
10b · Cost of goods sold
$0
-
10c · Net income from sales of inventory
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11a · Other revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11b · Other revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11c · Other revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11d · All other revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $590,832 · program services $590,832
-
2 · Grants to domestic individuals
total $587,320 · program services $587,320
-
3 · Grants to foreign organizations and individuals
total $0 · program services $0
-
4 · Benefits paid to or for members
total $0 · program services $0
-
5 · Compensation of officers, directors and key employees
total $0 · program services $0 · management and general $0 · fundraising $0
-
6 · Compensation of disqualified persons
total $0 · program services $0 · management and general $0 · fundraising $0
-
7 · Other salaries and wages
total $607,142 · program services $317,945 · management and general $137,327 · fundraising $151,870
-
8 · Pension plan contributions
total $0 · program services $0 · management and general $0 · fundraising $0
-
9 · Other employee benefits
total $0 · program services $0 · management and general $0 · fundraising $0
-
10 · Payroll taxes
total $0 · program services $0 · management and general $0 · fundraising $0
-
11a · Fees: management
total $0 · program services $0 · management and general $0 · fundraising $0
-
11b · Fees: legal
total $0 · program services $0 · management and general $0 · fundraising $0
-
11c · Fees: accounting
total $22,890 · program services $0 · management and general $22,890 · fundraising $0
-
11d · Fees: lobbying
total $0 · program services $0 · management and general $0 · fundraising $0
-
11e · Fees: professional fundraising services
total $0 · fundraising $0
-
11f · Fees: investment management
total $0 · program services $0 · management and general $0 · fundraising $0
-
11g · Fees: other
total $142,559 · program services $129,774 · management and general $12,785 · fundraising $0
-
12 · Advertising and promotion
total $19,076 · program services $0 · management and general $0 · fundraising $19,076
-
13 · Office expenses
total $55,898 · program services $0 · management and general $1,154 · fundraising $54,744
-
14 · Information technology
total $0 · program services $0 · management and general $0 · fundraising $0
-
15 · Royalties
total $0 · program services $0 · management and general $0 · fundraising $0
-
16 · Occupancy
total $0 · program services $0 · management and general $0 · fundraising $0
-
17 · Travel
total $0 · program services $0 · management and general $0 · fundraising $0
-
18 · Travel or entertainment for public officials
total $0 · program services $0 · management and general $0 · fundraising $0
-
19 · Conferences, conventions and meetings
total $0 · program services $0 · management and general $0 · fundraising $0
-
20 · Interest
total $0 · program services $0 · management and general $0 · fundraising $0
-
21 · Payments to affiliates
total $0 · program services $0 · management and general $0 · fundraising $0
-
22 · Depreciation, depletion and amortization
total $920 · program services $0 · management and general $920 · fundraising $0
-
23 · Insurance
total $0 · program services $0 · management and general $0 · fundraising $0
-
24a · Other expenses: Events
total $67,178 · program services $13,505 · management and general $0 · fundraising $53,673
-
24b · Other expenses: In-Kind Expense
total $11,705 · program services $6,157 · management and general $2,607 · fundraising $2,941
-
24c · Other expenses
total $0 · program services $0 · management and general $0 · fundraising $0
-
24d · Other expenses
total $0 · program services $0 · management and general $0 · fundraising $0
-
24e · All other expenses
total $0 · program services $0 · management and general $0 · fundraising $0
-
26 · Joint costs (an allocation of the lines above)
total $0 · program services $0 · management and general $0 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $0 · end of year $0
-
2 · Savings and temporary cash investments
beginning of year $914,464 · end of year $823,422
-
3 · Pledges and grants receivable
beginning of year $71,045 · end of year $167,607
-
4 · Accounts receivable
beginning of year $10,293 · end of year $0
-
5 · Loans and receivables from officers and key people
beginning of year $0 · end of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
7 · Other notes and loans receivable
beginning of year $0 · end of year $0
-
8 · Inventories for sale or use
beginning of year $0 · end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $1,755 · end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$23,355
-
10b · Land, buildings and equipment: accumulated depreciation
$20,428
-
10c · Land, buildings and equipment, net
beginning of year $1,133 · end of year $2,927
-
11 · Investments: publicly traded securities
beginning of year $0 · end of year $0
-
12 · Investments: other securities
beginning of year $13,260,804 · end of year $15,530,303
-
13 · Investments: program-related
beginning of year $0 · end of year $0
-
14 · Intangible assets
beginning of year $0 · end of year $0
-
15 · Other assets
beginning of year $445,365 · end of year $496,264
-
17 · Accounts payable and accrued expenses
beginning of year $17,074 · end of year $25,229
-
18 · Grants payable
beginning of year $0 · end of year $0
-
19 · Deferred revenue
beginning of year $0 · end of year $0
-
20 · Tax-exempt bond liabilities
beginning of year $0 · end of year $0
-
21 · Escrow or custodial account liability
beginning of year $0 · end of year $0
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $0 · end of year $0
-
24 · Unsecured notes and loans payable
beginning of year $0 · end of year $0
-
25 · Other liabilities
beginning of year $1,234,664 · end of year $1,414,804
-
27 · Net assets without donor restrictions
beginning of year $1,232,400 · end of year $1,354,187
-
28 · Net assets with donor restrictions
beginning of year $12,220,721 · end of year $14,226,303
Mission and programs · 2025
Mission
TO PROVIDE FINANCIAL ASSISTANCE TO MONTEREY PENINSULA COLLEGE MPC STUDENTS AND ENHANCE THE LEARNING ENVIRONMENT AT MPC BY SUPPORTING FACULTY STAFF AND PROGRAMS.
Activities or mission (Part I)
TO ADVANCE THE EDUCATIONAL EXPERIENCE OF STUDENTS AND FACULTY OF MONTEREY PENINSULA COLLEGE
-
INSTRUCTIONAL & TEACHING MATERIALS AND EDUCATIONAL PROGRAM SUPPORT FOR MONTEREY PENINSULA COLLEGE
Expenses $610,494 · Grants $610,494 · Revenue $671,543
-
SCHOLARSHIPS AND GRANTS TO STUDENTS OF MONTEREY PENINSULA COLLEGE A PUBLIC EDUCATIONAL INSTITUTION.
Expenses $1,035,039 · Grants $587,320
As filed on the 2025 return.
Listed in Part VII
-
Elias Kary
Director
- Total calculated
- $214,609
- From this org
- $0
- From related orgs
- $174,499
- Other
- $40,110
- Hours/week
- 1.5 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $174,499 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $40,110 related
- Nontaxable benefits
- $0
- Filer's total
- $0 + $214,609 related
-
Fredric Hildebrand
Director
- Total calculated
- $0
- Hours/week
- 1.5
-
Dr Natalie Nielsen
Director
- Total calculated
- $0
- Hours/week
- 1.5
-
Carla Becerra
DIRECTOR
- Total calculated
- $112,510
- From this org
- $0
- From related orgs
- $73,608
- Other
- $38,902
- Hours/week
- 1.5 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $73,608 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $38,902 related
- Nontaxable benefits
- $0
- Filer's total
- $0 + $112,510 related
-
Jeremy Green
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1.5
-
Tom Clifford
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
Anita Crawley
Director
- Total calculated
- $0
- Hours/week
- 1.5
-
Tom Pesce
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
Ron Eastman
Vice President
- Total calculated
- $0
- Hours/week
- 1.5
-
Libby Downey
Director
- Total calculated
- $0
- Hours/week
- 1.5
-
Pat Milowicki
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
Dr Mary Alice Rennick
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
Maria Rengifo-Ruess
Secretary
- Total calculated
- $0
- Hours/week
- 1.5
-
Joe Servi
Treasurer
- Total calculated
- $0
- Hours/week
- 1.5
-
Theresa Wright
Director
- Total calculated
- $0
- Hours/week
- 1.5
-
Linda Yellich
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
Evelyne Lamson
Director
- Total calculated
- $0
- Hours/week
- 1.5
-
Andrew Ausonio
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
Marshall T Fulbright III
DIRECTOR SUPT PRES
- Total calculated
- $344,585
- From this org
- $0
- From related orgs
- $305,683
- Other
- $38,902
- Hours/week
- 1.5 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $305,683 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $38,902 related
- Nontaxable benefits
- $0
- Filer's total
- $0 + $344,585 related
-
Steven Haigler
DIRECTOR
- Total calculated
- $273,007
- From this org
- $0
- From related orgs
- $234,105
- Other
- $38,902
- Hours/week
- 2 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $234,105 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $38,902 related
- Nontaxable benefits
- $0
- Filer's total
- $0 + $273,007 related
-
Rebecca Michael
EXECUTIVE DIRECTOR NON VOT
- Total calculated
- $272,065
- From this org
- $0
- From related orgs
- $234,105
- Other
- $37,960
- Hours/week
- 2 + 38 related
Schedule J breakdown matched by us
- Base
- $0 + $234,105 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $38,902 related
- Nontaxable benefits
- $0
- Filer's total
- $0 + $273,007 related
-
Pamela Stewart
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
Lindsay Schutzler
Director
- Total calculated
- $0
- Hours/week
- 1.5
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
None.
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
The filer's explanations (Part III)
- Part I & Part II
- | PartandLinenumber:,Explanation:| Part II General,The reported compensated individuals are employees of the college and were therefore compensated by the college not the MPC Foundation. The Executive Director is assigned to MPCs Vice President of Advancement and the others are reported here since the individuals serve as representative directors on the Foundation Board.|
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
-
MPC Campus Support and FASA
$590,832
Educational Program Support
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
Monterey Peninsula College
Community College District · CA
Provenance
- Return type
- form_990
- Tax year
- 2025
- Filed
- 5 August 2026
- IRS schema version
- 2025v4.2
- Source object
- 202602179349300500
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