Totals
- Total revenue
- $196,862
- Total expenses
- $181,085
- Contributions and grants received
- $145,589
- Grants paid
- $165,421
- Program service revenue
- $0
- Investment income
- $51,000
- Other revenue
- $273
- Total assets, end of year
- $1,709,325
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $1,709,325
- Program services expenses (Part IX)
- $165,421
- Management and general expenses
- $15,664
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $165,421
Program services were 91.3% 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
$145,589
-
1g · Noncash contributions included above
$1,089
-
3 · Investment income
total $76,981 · excluded $76,981
-
7a · Gross sales of assets other than inventory
securities $96,806
-
7b · Less cost or other basis and sales expenses
securities $122,787
-
7c · Gain or loss
securities -$25,981
-
7d · Net gain or loss
total -$25,981 · excluded -$25,981
-
11a · Other revenue: OTHER INCOME
total $273 · excluded $273
-
11e · Other revenue, total
$273
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $139,771 · program services $139,771
-
2 · Grants to domestic individuals
total $25,650 · program services $25,650
-
11a · Fees: management
total $7,815 · management and general $7,815
-
11b · Fees: legal
total $371 · management and general $371
-
11c · Fees: accounting
total $7,280 · management and general $7,280
-
13 · Office expenses
total $198 · management and general $198
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $256,594 · end of year $191,678
-
11 · Investments: publicly traded securities
beginning of year $1,436,954 · end of year $1,517,647
-
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 $1,693,548 · end of year $1,709,325
Mission and programs · 2022
Mission
THE FOUNDATION'S PRIMARY MISSION IS TO PROVIDE FUNDS TO SUPPORT EDUCATIONAL SCHOLARSHIPS FOR ECONOMICALLY DISADVANTAGED CHILDREN IN MONTEREY COUNTY. SCHOLARSHIP GRANTS WILL COVER TUITION AND FEES.
Activities or mission (Part I)
SUPPORT EDUCATION SCHOLARSHIPS FOR ECONOMICALLY DISADVANTAGED CHILDREN IN MONTEREY CNTY.
-
PROVIDED SCHOLARSHIPS (BASED ON FINANCIAL NEED) TO HELP FAMILIES EDUCATE THEIR CHILDREN AT EDUCATIONAL INSTITUTIONS - $109,771EMERGENCY RELIEF FUND:EMERGENCY FINANCIAL AWARDS ARE GRANTED TO EMPLOYEES, THEIR SPOUSES AND THEIR CHILDREN IN CASES OF SERIOUS AND EXTRAORDINARY CIRCUMSTANCES SUCH AS MEDICAL EMERGENCIES, NATURAL DISASTERS OR OTHER UNFORSEEN LIFE-CHANGING EVENTS. THE FOUNDATION WILL NOT FUND CREDIT CARD EXPENSES, UTILITY BILLS AND MINOR CAR/HOUSE REPAIRS, ABSENT EXCEPTIONAL CIRCUMSTANCES SUCH AS DISASTER RELIEF OR OTHER CATASTROPHIC EVENTS - $25,150BOYS & GIRLS CLUB, COMMUNITY FOUNDATION OF MONTEREY COUNTY AND RANCHO CIELO: GENERAL SUPPORT - EACH RECEIVED $10,000
Expenses $165,421 · Grants $165,421
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Pat ForesterPAT FORESTER
CHAIRMAN/DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Mary AndersonMARY ANDERSON
SECRETARY/DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Pat EastmanPAT EASTMAN
TREASURER/DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Sal GutierrezSAL GUTIERREZ
EMERITUS
- Total calculated
- $0
- Hours/week
- 0
-
Carolyn BlatmanCAROLYN BLATMAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0
-
Linnea GerberLINNEA GERBER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0
-
Zan PeatZAN PEAT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0
-
Barbara ThrasherBARBARA THRASHER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0
-
Jen StasiorJEN STASIOR
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0
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
-
$109,771
ASSIST IN ORGANIZATION'S CHARITABLE PURPOSE
-
GENERAL SUPPORT
-
COMMUNITY FOUNDATION OF MONTEREY COUNTY
$10,000
GENERAL SUPPORT
-
$10,000
GENERAL SUPPORT
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 27 October 2023
- IRS schema version
- 2022v5.0
- Source object
- 202303069349301730
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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