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Monterey Collegiate Foundation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 201790250 ✦ Monterey, CA ✦ Designated as a 501(c)(3)

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Overview

What is Monterey Collegiate Foundation?

The Monterey Collegiate Foundation is a nonprofit organization situated in Monterey, California, specifically at 301 Bonifacio Place. Their primary mission involves offering financial aid to schools, youth organizations, and individuals, with a particular focus on youth scholarships. The foundation supports various youth-centric activities, such as sports, programs, and education, within the Monterey County community. They accomplish this by providing grants to charitable organizations that align with their objectives.

Is Monterey Collegiate Foundation legitimate?

Monterey Collegiate Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Monterey Collegiate Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Monterey Collegiate Foundation?

The Monterey Collegiate Foundation's mission is centered around providing support for charitable activities. Specifically, it focuses on youth-related initiatives such as sports, programs, and education within the Monterey County, California, community. Through grant funding, the foundation aims to enhance the opportunities and resources available to local residents, particularly young individuals. The foundation has demonstrated this commitment by providing financial aid to schools, youth organizations, and individuals, often for educational scholarships.

Who is the CEO of Monterey Collegiate Foundation?

Katy Reyes is the Sec/Treasurer of Monterey Collegiate Foundation.

What is the revenue of Monterey Collegiate Foundation?

Monterey Collegiate Foundation's revenue in 2023 was $309,583.

Who are the executives of Monterey Collegiate Foundation and what are their salaries?

There 30 volunteers at Monterey Collegiate Foundation.


Here are 3 key members and their salaries:


Richard Long (Sec/Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steve Nader (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Katy Reyes (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Monterey Collegiate Foundation?

Monterey Collegiate Foundation's most recent form 990 was submitted in 2023 and can be accessed here.

Mission Statement of Monterey Collegiate Foundation

Monterey Collegiate Foundation, as a philanthropic organization, is dedicated to supporting charities engaged in youth-focused activities. Their mission is centered around providing financial aid for initiatives that promote youth sports, youth programs, and youth education within the community of Monterey County, California. By offering grants, this foundation actively contributes to enriching the lives of local youth, fostering their personal growth and development. Through their funding, schools, youth organizations, and individuals in need of scholarships have benefited, thereby contributing to the overall betterment of the youth in Monterey County.

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Impact




October, 2024

Monterey Collegiate Foundation significantly impacts the community by providing vital grants to charities that support youth sports, educational programs, and various youth initiatives in Monterey County, California. By funding schools, youth organizations, and scholarships, the foundation fosters opportunities for young residents to engage in enriching activities that promote personal growth and development. This financial support not only enhances the quality of life for youth in the area but also cultivates a sense of community, ensuring that the next generation has access to the resources and experiences they need to thrive. The foundation's commitment to philanthropy reflects a broader vision of empowerment and opportunity for Monterey County's youth.




This information is meant to be a general summary of Monterey Collegiate Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$309,583 (2023)
Expenses
$183,678 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Gross Receipts: $4,741,906

Assets and Liabilities:

  • Total Assets: $464,370
  • Total Liabilities: $5,519
  • Net Assets: $458,851

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Organization Details

Founding Year

2004

Principal Officer

Katy Reyes

Main Address

301 Bonifacio Place, Monterey, CA, 93940

NTEE Category

Code: T20 - Philanthropy

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