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Monterey Foundation

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

EIN: 263612851 ✦ Lubbock, TX ✦ Designated as a 501(c)(3)

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Overview

What is Monterey Foundation?

The Monterey Foundation, situated in Lubbock, Texas, is a nonprofit organization dedicated to charitable and religious activities. It implements various programs to achieve its mission. Notably, the foundation offers housing solutions for families, helping them transition from homelessness to more affordable living arrangements. In 2022, it served four such family units. Furthermore, Monterey Foundation extends its support by granting funds to 501(c)3 organizations, aiding them in fulfilling their respective missions.


Official website here: www.montereyfoundation.org

Is Monterey Foundation legitimate?

Monterey Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Monterey Foundation submitted a form 990EZ, 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.


Official website here: www.montereyfoundation.org

What is the mission statement of Monterey Foundation?

The Monterey Foundation focuses on supporting charitable and religious activities. It accomplishes this through various programs, one of which includes providing housing for families, helping them transition from homelessness to affordable living arrangements. Additionally, the foundation grants funds to 501(c)3 organizations, enabling them to advance their respective missions. The organization's mission is not explicitly stated, but its actions indicate a commitment to enhancing the lives of individuals and communities in need.


Official website here: www.montereyfoundation.org

Who is the CEO of Monterey Foundation?

Mike Martin is the President of Monterey Foundation.


Official website here: www.montereyfoundation.org

What is the revenue of Monterey Foundation?

Monterey Foundation's revenue in 2022 was $131,120.


Official website here: www.montereyfoundation.org

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


Here are 10 key members and their salaries:


Ashley Davis (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Barry Stephens (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Edwin Davis (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike Martin (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rhea Hill (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Debra Rogers (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Albert Gillespie (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dennis Wisdom (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Patty Fairchild (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Carolyn Stephenson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.montereyfoundation.org

Where can I find the form 990EZ for Monterey Foundation?

Monterey Foundation's most recent form 990EZ was submitted in 2022 and can be accessed here.


Official website here: www.montereyfoundation.org

Learn more at the official website: www.montereyfoundation.org

Mission Statement of Monterey Foundation

The Monterey Foundation is committed to supporting charitable and religious activities, carrying out its mission through various programs. One of its notable initiatives includes providing housing for families in need, helping them transition from homelessness to affordable living arrangements. In 2022, the foundation served four such family units. Beyond direct services, Monterey Foundation also extends its support to other 501(c)3 organizations, providing funds to facilitate their respective missions. By doing so, it contributes to a broader spectrum of charitable work, furthering its overall goal of enhancing the community's well-being.

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Impact




October, 2024

The Monterey Foundation has made a significant impact in the Lubbock community by supporting families in transition from homelessness to stable, affordable housing. In 2022, it served four family units, providing them with a crucial stepping stone towards long-term security and independence. Additionally, the foundation plays a vital role in enhancing the missions of various 501(c)(3) organizations by granting funds, thereby amplifying the reach and effectiveness of charitable and religious activities. Through these initiatives, the Monterey Foundation fosters a more supportive environment for those in need, contributing to the overall welfare and education within the community.




This information is meant to be a general summary of Monterey 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
$131,120 (2022)
Expenses
$93,637 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $5,458
  • Program Service Revenue: $1,932
  • Gross Receipts: $135,694

Assets and Liabilities:

  • Total Assets: $401,648
  • Total Liabilities: $0
  • Net Assets: $401,648

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Organization Details

Principal Officer

Mike Martin

Main Address

6111 82ND STREET, LUBBOCK, TX, 79424

NTEE Category

Code: B82 - Education

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